<p><a href="https://www.apartments.com.au/developments/caulfield-north-vic-3161">Caulfield North</a> isn’t short on prestige, but it is short on boutique new apartment developments with spacious floorplans.</p>

<p>Cue LUMA, the newest development by&nbsp;<a href="https://www.apartments.com.au/developers/skylife-group-pty-ltd">Skylife Group</a>, which offers just nine apartments on Hawthorn Road.</p>

<p><a href="https://www.apartments.com.au/new-apartments/luma-caulfield-north-226-hawthorn-road-caulfield-north-vic-3161">LUMA</a> occupies a coveted position near Caulfield Park, encircled by Melbourne's finest schools, parks, and culinary destinations. Its low-rise form by Metaxas Architects channels timeless design principles, wrapped in a restrained yet luxurious material palette.</p>

<p>Every residence embraces natural light and outlooks, thanks to expansive glazing and thoughtfully arranged floorplans.</p>

<p>Ranging from 80 sqm to nearly 160 sqm internally, with terraces or balconies extending up to 30 sqm, the homes offer a diversity of configurations, from two-bedroom residences to three-bedroom layouts with up to three bathrooms.&nbsp;</p>

<p>[smartcode_project:default project_id=148933 project_image_fid=335511]</p>

<p>The interiors are unified by a calm, light-infused aesthetic. Organic white walls, soft walnut timber joinery, and Aurora Range European Oak flooring are paired with plush carpeted bedrooms, creating a harmonious tactile experience.</p>

<p>The kitchens at LUMA serve both as culinary workspaces and statement design features. Buyers can choose between a lightGlacier Honed or dark Turko Argento natural stone benchtop, with timber-look Polytec Ravine joinery and fluted glass cabinetry providing contrast.&nbsp;</p>

<p>Miele appliances complete the package, tailored to residence size, with premium upgrades for three-bedroom homes including an 80cm induction cooktop and Gen 7000 speed oven.</p>

<p>Bathrooms echo the same sensibility, with natural stone, black EXON fixtures, and frameless glass showers. Select residences offer freestanding baths.&nbsp;</p>

<p>[smartcode_project:default project_id=148933 project_image_fid=335513]</p>

<p>Private outdoor spaces, secure parking, and options for EV charging reflect a practical yet elevated lifestyle focus.</p>

<p>As the development progresses toward its late 2026 completion, construction is in the hands of <a href="https://www.apartments.com.au/builders/rf-construction-management-pty-ltd">RF Construction Management</a>, bringing over 30 years of local high-end building expertise.</p>

<p>LUMA also offers a five per cent deposit structure, allowing buyers time to plan while securing their place in this tightly held precinct.&nbsp;</p>

<p>[smartcode_project_cta:default project_id=148933]</p>


Joel Robinson

Inside Caulfield North's most boutique address, LUMA

<p>Sekisui House Australia's first apartment development in Sydney's Lower North Shore has been a hit with prospective new home buyers.</p>

<p>They recently released <a href="https://www.apartments.com.au/new-apartments/waterstone-st-leonards-24-berry-road-st-leonards-nsw-2065">Waterstone</a>, on the fringe of Newlands Park in the emerging St Leonards South precinct, a short walk from the Crows Nest Metro and the heart of St Leonards.</p>

<p>The new development will home&nbsp;207 apartments across five mid-rise buildings, rising between four to nine storeys.</p>

<p>We recently visited the display suite at&nbsp;60 Pacific Highway, St Leonards, to find out more about the development that has been one of the most enquired on developments on Apartments.com.au in the last few months.</p>

<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/rO1K7t6GOgY?si=pwmYyqjNBBzjMNeb" title="YouTube video player" width="560"></iframe></p>

<p>Watersone sales agent Paul Marrum says the orientation of the building was key to Sekisui's wider design philosophy.</p>

<p>“Waterstone has been orientated to face south, capturing views over Newland’s Park and back to the Sydney CBD," Marrum says.</p>

<p>"This deliberate positioning, alongside 30 per cent of the site dedicated to open space designed by <a href="https://www.apartments.com.au/landscape-architect/aspect-studios">Aspect Studios</a>, roots the project in the developer’s Satoyama philosophy - prioritising balance between the built environment and its surrounding ecosystem."</p>

<p>On offer are a mix of one-, two-, three-, and four-bedroom apartments, with many including&nbsp;multi-purpose rooms to accommodate shifting lifestyle needs, from work-from-home professionals to growing families and downsizers.&nbsp;</p>

<p>[smartcode_project:default project_id=134191 project_image_fid=234]</p>

<p>“Every apartment is open plan, with interiors flowing to balconies or courtyards," Marrum adds.</p>

<p>"The material palette reinforces this flow: soft-toned tactile stone, fluted glass cabinetry, and warm timber joinery work together to create what he describes as a “refined but relaxed atmosphere.”</p>

<p>There’s a distinct human scale to Waterstone’s design. The community is shaped as a network of boutique buildings threaded by a ‘green spine’, a landscape feature that invites movement, reflection, and connection.</p>

<p>Marrum highlights the presence of sensory gardens and native planting throughout, signalling an approach that enhances both wellness and biodiversity.&nbsp;Yet Waterstone doesn’t forgo amenity for serenity however. Residents will have access to a heated outdoor pool and spa, infrared sauna, co-working lounge, fully equipped gym, and even dedicated resident workspaces.&nbsp;</p>

<p>[smartcode_project:default project_id=134191 project_image_fid=231]</p>

<p>Waterstone will rise from a prime Berry Road site ideally located near the green Newlands Park but also a short walk to the hear of both St Leonards and Crows Nest, two transport nodes with bus, train, and Sydney Metro lines connecting to the rest of Sydney.</p>

<p>Construction is slated to begin in mid-2025, with completion targeted for late 2027.&nbsp;</p>

<p>[smartcode_project_cta:default project_id=134191]</p>


Inside Waterstone St Leonards: Apartments.com.au Video Spotlight

<p>Off the plan buyers at Altona's newest apartment development Voyage, are soon to take their keys, with&nbsp;<a href="https://www.apartments.com.au/developers/spacious-property-development-group-pty-ltd">Spacious Property Development Group</a>&nbsp;approaching completion of the contemporary, coastal building.</p>

<p>Farey &amp; Co can now take prospective buyers through a fully-furnished display apartment on appointment as construction approaches its final stages.</p>

<p>[smartcode_project:default project_id=112195 project_image_fid=3286]</p>

<p>Situated just 13 kilometres from Melbourne’s CBD, Voyage Altona beachside apartment development offers a rare opportunity to live moments from the sand, pier, and thriving village life of Pier Street.</p>

<p><a href="https://www.apartments.com.au/new-apartments/voyage-altona-102-106-pier-street-altona-vic-3018">Voyage</a> is the only new apartment offering currently on the market in <a>Altona</a>. Comprising one, two, and three-bedroom residences, it has been thoughtfully designed to appeal to a broad spectrum of buyers, from first home purchasers to downsizers and lifestyle-focused owner-occupiers.&nbsp;</p>

<p>Prices start from just over $500,000 for one-bedroom apartments, with three-bedroom configurations topping out just over the $1 million mark.</p>

<p>[smartcode_project:default project_id=112195 project_image_fid=2145]</p>

<p>Voyage's architecture, by <a href="https://www.apartments.com.au/architects/cheah-saw-architecture">Cheah Saw Architecture</a>, is defined by an asymmetrical façade and a refined palette that echoes the surrounding coastal tones.&nbsp;</p>

<p>Inside, a minimalist design language prevails, with full-height glazing inviting expansive views over Port Phillip Bay and hybrid timber flooring grounding the open-plan layouts.&nbsp;</p>

<p>Kitchens are appointed with premium Miele appliances and stone finishes, while the bathrooms feature porcelain tiles and walk-in glass showers.</p>

<p>[smartcode_project:default project_id=112195 project_image_fid=3287]</p>

<p>Voyage's location on Pier Street places residents at the heart of the suburb’s major activity centre. <a href="https://www.apartments.com.au/developments/altona-vic-3018">Altona</a> Station, Altona Beach, and a diverse mix of cafes and shops are all within walking distance.&nbsp;</p>

<p>With the final release now selling, Spacious is offering buyers the chance to secure their future home with just a five per cent deposit, a move that lowers the barrier to entry and positions Voyage as one of the most accessible premium new builds on Melbourne’s bayside fringe.</p>

<p>Spacious Property Development Group collaborated with <a href="https://www.apartments.com.au/builders/valeo-construction">Valeo Construction</a> to bring this vision to life. The development has advanced significantly, with interior fit-outs and communal landscaping well underway.&nbsp;</p>

<p>Completion is targeted for Q3 2025, with some buyers expected to move in by September.</p>

<p>[smartcode_project_cta:default project_id=112195]</p>


Completion is targeted for Q3 2025, with some buyers expected to move in by September

Buyers to move into Voyage Altona this Spring

<p><a href="https://www.apartments.com.au/developers/beulah">Beulah</a>&nbsp;has unveiled its latest release of exclusive homes in its sustainable Brunswick townhouse development, Brunswick Established.</p>

<p>The collection, known as ‘The Courtyard House’, has been created in collaboration with Six Degrees Architects to meet the evolving needs of modern families.&nbsp;</p>

<p>With a central courtyard at its heart, the design reimagines the possibilities of multi-generational living, blending flexibility, sustainability and personalisation within a heritage setting. Distinct from a traditional garden, the courtyard delivers natural light, fresh air and a generous sense of space, without the upkeep of a backyard.</p>

<p>Comprised of 23 two-storey townhouses, <a href="https://www.apartments.com.au/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a> offers multiple typologies of townhomes to suit different living requirements, allowing residents to grow in place - majority include ground-floor bedrooms for accessibility, while others, known as the ‘The Courtyard House’, provide a unique, flexible detached space separated by a courtyard.</p>

<p>Responsible for both the architecture and interior design, <a href="https://www.apartments.com.au/architects/six-degrees-architects">Six Degrees</a>’ holistic approach enabled the team to ensure an intrinsic link between the design outcomes; a seamless, harmonious flow from the outside to within.</p>

<p>[smartcode_project:default project_id=136451 project_image_fid=275571]</p>

<p>“The modern home should flow from inside to outside - the courtyard provides a space which joins the different parts of the home together as the central outside space of the home,” explains Six Degrees Director, Peter Malatt.</p>

<p>“The courtyard is a model used since ancient times, transforming the home from an object within a space to an object enclosing space. It acts as both the visual and social heart of the home, a space to gather, reflect, or simply pause, offering a moment of calm within a busy urban context."</p>

<p>“Courtyards also offer a deeply cultural and emotional resonance, with their timeless presence across human history. They connect us to the past, while shaping how we live today</p>

<p>Malatt says the courtyard also operates as a micro-climate, which can retain heat in winter and be a shaded haven in summer.</p>

<p>"The ability to take warmed or cooled air into the home from the courtyard space is a great way to improve internal health and minimise energy use through heating and cooling. In a compact urban environment like Brunswick, courtyards are also a clever solution - bringing light, greenery and nature into denser living formats while maintaining a strong sense of privacy and connection."</p>

<p>[smartcode_project:default project_id=136451 project_image_fid=270371]</p>

<p>This concept resonated strongly with early downsizers who recently purchased one of the Courtyard homes at Brunswick Established for themselves and their two adult sons, aged 21 and 24.</p>

<p>“We’re excited to have a home that gives us flexibility as our lives evolve, whether it’s our sons living with us as they finish university, or us being able to lock up and travel. Having separate spaces connected by the courtyard is perfect for our family dynamic, especially as we value our independence but also want to stay close,” they shared.</p>

<p>The couple, who also share their home with two dogs and two cats, highlighted the benefits of multi-generational living in a courtyard home.</p>

<p>“Our sons help care for the pets, we enjoy cooking and spending time together, and the courtyard means we have light, greenery, and privacy all in one. We love that Brunswick Established has thought about sustainability and customisation in such a detailed way, it’s rare to find that in a project.”</p>

<p>Beulah’s approach to design customisation at Brunswick Established, allowing residents to adapt layouts to their lifestyle, has been a major drawcard for buyers seeking homes that evolve alongside them. The detached living space offers flexibility to suit changing needs, whether as a studio, guest retreat, or home office, while maintaining a close link to the main residence, allowing family members to come together or enjoy privacy when needed.</p>

<p>[smartcode_project:default project_id=136451 project_image_fid=275570]</p>

<p>Malatt added that the&nbsp;homes have been designed for residents’ well-being, allowing couples and families to ‘grow’ in their own homes while ensuring they meet their needs for generations to come.</p>

<p>"Purchasers usually experience multiple lifestyle stages within one home, and we’re looking forward to seeing these unique homes come to life."</p>

<p>As part of this forward-thinking approach, Beulah will also host an exclusive event, The Property Market Decanted, on Wednesday 27 August at The Commons Café &amp; Cocktail Bar, Melbourne. The evening will feature insights from leading property and finance experts on Melbourne’s market outlook and long-term wealth creation strategies, particularly for multi-generational households.&nbsp;</p>

<p>[smartcode_project_cta:default project_id=136451]</p>


Beulah release sustainable courtyard townhouse collection at Brunswick Established

<p>Hampton's High Street offers the best of both worlds; halfway between Hampton Beach and Hampton Station, with a myriad of cafes and shops on its doorstep.</p>

<p>It was this unbeatable combination of convenience and connectivity that attracted Nash Project Management to secure a prime site on the corner of Hampton and Holyrood Streets several years ago.</p>

<p>The result is <a href="https://www.apartments.com.au/buildings/holyrood-hampton-451-461-hampton-street-hampton-vic-3188">Holyrood &amp; Hampton</a>, a newly completed residential development comprising 59 premium apartments set above a full-line Coles supermarket, enhancing the day-to-day ease for residents.</p>

<p>[smartcode_project:default project_id=4629 project_image_fid=1530]</p>

<p>Those who have already moved into Holyrood &amp; Hampton have highlighted several standout features of their new home, with the location topping the list.</p>

<p>Hampton Station on the Sandringham line (Zone 2), is just down Hampton Street, offering regular services to Flinders Street Station. Multiple bus routes connect to Southland, St Kilda, and Berwick, while scenic cycling paths along the bay provide a relaxing alternative for commuters and weekend riders.</p>

<p>A short walk west leads to Picnic Point and Hampton Beach, beloved for its clean sand and family- and dog-friendly spaces. Ferdinando Gardens, near the pier, is perfect for picnics, while coastal walking trails offer peaceful views and breezes.</p>

<p>The surrounding green spaces—Castlefield Reserve, Triangle Gardens, and Hampton High Reserve—offer playgrounds, sports fields, and a sense of calm. Golfers have several options nearby, including Brighton Public Golf Course just a short drive away.</p>

<p>[smartcode_project:default project_id=4629 project_image_fid=1528]</p>

<p>Hampton Street remains the heart of the community, with more than 50 fashion boutiques, cafés, and eateries. A Woolworths anchors the retail strip, while independent shops help maintain its village charm.</p>

<p>Health and community services are easily accessible, with local GPs, dental clinics, and the nearby Sandringham Community Hospital, supported by larger hospitals in Brighton and Cheltenham.</p>

<p>Families are well catered to, with top private and public schools within a 1–2 km radius. These include Haileybury College, St Leonards College, Firbank Grammar, Brighton Grammar, Hampton Primary, and Brighton Secondary College.</p>

<p>[smartcode_project:default project_id=4629 project_image_fid=1532]</p>

<p>The apartments have been designed for longevity, with spacious, home-like layouts. Many include butler’s pantries, oversized kitchen islands, and quality finishes.</p>

<p>Additional features such as a rooftop terrace, EV charging, secure storage, and direct supermarket access support a highly functional and low-maintenance lifestyle.</p>

<p>Designed by Telha Clarke, Holyrood &amp; Hampton reflects how people want to live today—connected, walkable, and move-in ready.</p>

<p>[smartcode_project_cta:default project_id=4629]</p>


Those who have already moved into Holyrood & Hampton have highlighted several standout features of their new home, with the location topping the list.

Holyrood & Hampton presents a walkable, Bayside lifestyle in the heart of Hampton

Off the plan

<p>Off-the-plan properties offer buyers the opportunity to secure a property at today's prices and move in when the construction is completed.&nbsp;</p>

<p>However, before making an off-the-plan purchase, it is important to evaluate the developer's reputation and track record. A developer's reputation and track record can have a significant impact on the quality of the property, the completion of the construction, and the overall satisfaction of the buyer.</p>

<p>One of the first steps in evaluating a developer's reputation and track record is to research the developer's past projects. This can be done by visiting the developer's website, reading online reviews and testimonials, and checking out the developer's social media accounts. Look for information about the quality of the construction, the level of customer service, and any awards or recognition the developer has received.</p>

<p>Another important factor to consider is the developer's financial stability. A financially stable developer is more likely to complete the construction of the property on time and to a high standard. One way to check a developer's financial stability is to look at the developer's balance sheet and income statement. This information can be found on the developer's website or by contacting the developer directly.</p>

<p>It's also important to check if the developer has any history of legal disputes or consumer complaints. This can be done by checking the developer's record with consumer protection agencies or by searching online for news articles or court records. A developer with a history of legal disputes or consumer complaints may be a red flag and should be avoided.</p>

<p>Additionally, it's also advisable to check if the developer is a member of any professional organisations or industry bodies. This can be a good indication of the developer's commitment to quality and professionalism.</p>

<p>Another important aspect to consider is the developer's track record of delivering projects on time. Late completion of projects can cause significant inconvenience and financial losses for the buyers, so it's important to make sure that the developer has a good track record of delivering projects on time.</p>

<p>Lastly, it's important to have a clear understanding of the terms and conditions of the purchase. Review the contract thoroughly and make sure you understand the terms and conditions of the purchase, including the completion date, any warranties or guarantees, and the developer's responsibilities.</p>

<p>In conclusion, evaluating a developer's reputation and track record is an essential step in the process of buying an off-the-plan property.&nbsp;By researching the developer's past projects, financial stability, legal disputes, professional affiliations, track record of delivering projects on time, and understanding the terms and conditions of the purchase, buyers can make more informed decisions and reduce the risk of disappointment or dissatisfaction.<br />
&nbsp;</p>


A developer's reputation and track record can have a significant impact on the quality of the property, the completion of the construction, and the overall satisfaction of the buyer

Michael Bird

How to evaluate a developer's reputation and track record before making an off the plan property purchase

<p style="line-height:2.1; margin-bottom:20px">When buying off the plan, one of the biggest advantages is the ability to personalise your new home to suit your lifestyle and needs. From choosing the layout and finishes to upgrading features and fixtures, the options available can be overwhelming. However, with a little bit of planning and research, you can make the most of the personalisation options offered and create a space that truly reflects your unique style and preferences.</p>

<p>The first step in making the most of the personalisation options is to research the different floor plans and layouts available. Many off the plan developments will offer a range of options, such as one-bedroom apartments, two-bedroom apartments, and so on. It is important to consider your current and future needs when selecting a floor plan. For example, if you're planning to start a family in the near future, you may want to consider a larger layout with more bedrooms.</p>

<p>Another important aspect to consider when personalising your off the plan apartment is the finishes and materials used. From flooring and cabinetry to countertops and lighting, the choices available can be vast. It's important to think about the overall aesthetic you want to achieve, as well as the durability and maintenance of the materials. For example, if you want a low-maintenance option, you may want to consider a flooring material that is easy to clean, such as porcelain tile or engineered wood.</p>

<p>In addition to the floor plan and finishes, you may also have the opportunity to upgrade various features and fixtures in your off the plan apartment. These may include things like appliances, window treatments, and even built-in cabinetry. While these upgrades can add to the cost of your purchase, they can also increase the value and functionality of your new home. For example, upgrading to stainless steel appliances in your kitchen can add a modern touch and improve the overall aesthetic.</p>

<p>When it comes to personalising your off the plan apartment, it's important to keep in mind that the more upgrades and options you choose, the more it will cost. Therefore, it's important to prioritise what is most important to you and your budget. It's helpful to create a wish list of the items and features you want to include, and then to work with the developer or sales agent to find the best options that suit your budget.</p>

<p>When considering the personalisation options for your off the plan apartment, it's also important to think about the future resale value of your property. Some upgrades, such as high-end finishes and appliances, can increase the value of your property and make it more desirable to potential buyers. However, it's also important to consider that some personalisation options may be too unique or specific to your tastes and may not appeal to buyers in the future.</p>

<p>Another important aspect to consider when personalising your off the plan apartment is the layout of the common areas and amenities. Many off the plan developments offer amenities such as a gym, pool, and lounge areas. It's important to consider how these areas will be used and whether they align with your lifestyle and needs. For example, if you're an avid swimmer, a pool may be an important feature for you.</p>

<p>In conclusion, buying off the plan is a great opportunity to personalise your new home and create a space that truly reflects your unique style and preferences. With a little bit of planning and research, you can make the most of the personalisation options offered and create a home that you'll love. Prioritse your needs and budget, keep in mind the future resale value and don't forget to consider the layout of the common areas and amenities.</p>

<p><br />
&nbsp;</p>


The first step in making the most of the personalization options is to research the different floor plans and layouts available

How to make the most of the personalisation options offered when buying off the plan

<p>When it comes to buying off the plan, one of the most important steps is to research and compare different developments.&nbsp;</p>

<p>With so many options available, it can be overwhelming to decide which one is the best fit for you.&nbsp;</p>

<p>However, by following a few key steps and keeping a few key things in mind, you can make an informed decision and find the perfect off the plan development for you.</p>

<p>The first step in researching and comparing different off the plan developments is to set your priorities. Consider factors such as location, size, amenities, and price. For example, if you're looking for a new home that is close to your work or family, location will be a top priority.</p>

<p>If you're looking for a larger space to grow into, size will be a top priority. And if you're looking for a development with a lot of amenities, such as a pool, gym, or lounge areas, that will be a top priority.</p>

<p>Once you've established your priorities, it's time to start researching different off the plan developments.</p>

<p>When researching online, pay attention to the images and videos of the developments and their floor plans. These will give you an idea of the overall aesthetic and layout of the development. It's also a good idea to check out the developer's website and social media accounts, as they often post updates and information about their developments.</p>

<p>Another great way to research and compare different off the plan developments is to visit showrooms and display suites. These are physical spaces where developers and real estate agents showcase the different options available. Visiting a showroom or display suite allows you to get a sense of the finishes and materials used, as well as the overall aesthetic of the development.</p>

<p>You can also ask questions and get a better understanding of the options available.</p>

<p>When visiting showrooms and display suites, it's also a good idea to talk to the sales agent or developer about the development. They can provide you with information about the location, size, amenities, and prices of the development. They can also answer any questions you may have and provide you with information about the personalization options available.</p>

<p>Another important aspect to consider when researching and comparing different off the plan developments is the reputation of the developer. This is especially important if you're considering a development that is still in the pre-construction phase.</p>

<p>A good developer will have a track record of delivering high-quality developments on time and on budget. Before making a decision, it's a good idea to do some research on the developer's reputation. You can check the developer's website, read reviews and testimonials, and check the company's registration and licenses.</p>

<p>It's also important to consider the legal aspects of buying off the plan. Before making a purchase, it's a good idea to review the contract and disclosure statement. You should also get legal advice from a conveyancer or solicitor before signing anything. This will help you understand the terms and conditions of the contract, as well as the risks and responsibilities of buying off the plan.</p>

<p>In conclusion, researching and comparing different off the plan developments is an important step in the process of buying off the plan. By setting your priorities, researching online, visiting showrooms and display suites, talking to sales agents and developers, and considering the reputation of the developer, you can make an informed decision and find the perfect off the plan development for you.&nbsp;</p>

<p>Always keep in mind the legal aspects and get professional advice to protect your investment. Don't rush into making a decision, take your time and weigh all your options. Remember, buying off the plan is a big investment and it's important to find a development that meets your needs and fits your budget.&nbsp;<br />
With a little bit of research and planning, you can find the perfect off the plan development and create a home that you'll love for years to come.<br />
&nbsp;</p>


Always keep in mind the legal aspects and get professional advice to protect your investment

How to research and compare different off the plan developments

<p style="line-height:1.38">Deciding whether to rent or buy an apartment in Melbourne can be a tough decision, as both options have their own set of pros and cons.</p>

<p style="line-height:1.38">Here's a closer look at the benefits and drawbacks of both renting and buying an apartment in Melbourne:</p>

<h1>Pros of renting:</h1>

<h2>More flexibility</h2>

<p>Renting an apartment allows you to move more easily and without the burden of selling a property.</p>

<p>[smartcode_project:default project_id=3127 project_image_fid=181270]</p>

<h2>Lower upfront costs</h2>

<p>Renting generally requires a smaller upfront investment than buying, as you don't have to come up with a down payment or closing costs.</p>

<h2>Lower monthly costs</h2>

<p>In some cases, renting can be cheaper than buying on a monthly basis, especially if you're unable to afford a large mortgage payment.</p>

<h2>No maintenance costs</h2>

<p>As a renter, you're not responsible for maintaining the apartment or paying for repairs.</p>

<h1>Cons of renting:</h1>

<h2>Lack of control</h2>

<p>As a renter, you don't have control over the property and may have to deal with landlords who are unresponsive to your needs.</p>

<h2>Limited ability to make changes</h2>

<p>Renters are generally not allowed to make major changes to the property, such as renovations or additions.</p>

<h2>No equity</h2>

<p>When you rent, you're not building equity in the apartment or house you're renting.</p>

<h1>Pros of buying</h1>

<h2>Building equity</h2>

<p>When you buy an apartment, you're building equity in the property as you pay off your mortgage.</p>

<p>[smartcode_project:default project_id=110367 project_image_fid=199209]</p>

<p>This can be a good long-term investment, as the value of the property may increase over time.</p>

<h2>Control</h2>

<p>As a homeowner, you have more control over the property and can make changes and improvements as you see fit.</p>

<h2>Potential tax benefits</h2>

<p>Owning an apartment may offer tax benefits such as the ability to deduct mortgage interest and property taxes from your taxes.</p>

<p>[smartcode_project:default project_id=112971 project_image_fid=198408]</p>

<h1>Cons for buying</h1>

<h2>Higher upfront costs</h2>

<p>Buying an apartment requires a larger upfront investment, as you'll need to come up with a down payment and closing costs.</p>

<h2>Higher monthly costs</h2>

<p>In some cases, buying an apartment may be more expensive on a monthly basis than renting, especially if you have a large mortgage payment.</p>

<h2>Maintenance costs</h2>

<p>As a homeowner, you're responsible for maintaining the apartment and paying for repairs, which can be costly.</p>

<h2>Lack of flexibility</h2>

<p>Buying an apartment may limit your flexibility to move or change living arrangements, as you'll need to sell the property before you can move.</p>

<p>Ultimately, whether to rent or buy an apartment in Melbourne depends on your individual circumstances and financial goals. It's important to carefully consider both options and weigh the pros and cons before making a decision.</p>


There are both pros and cons between buying an apartment and renting one in Victoria's capital city

The pros and cons of renting vs buying an apartment in Melbourne

<p style="line-height:1.38">When searching for an apartment in Melbourne, it's important to consider the amenities that are most important to you.</p>

<p style="line-height:1.38">These amenities can greatly impact your daily life and overall enjoyment of your new home.</p>

<p style="line-height:1.38">Here are the top amenities to look for in an apartment in Melbourne:</p>

<h2>Location</h2>

<p>One of the most important amenities to consider is location.</p>

<p>[smartcode_project:default project_id=112174 project_image_fid=199603]</p>

<p>Look for an apartment that is conveniently located near your work, schools, public transportation, and other necessities.</p>

<h2>Size</h2>

<p>Consider the size of the apartment and whether it will meet your needs.</p>

<p>[smartcode_project:default project_id=112174 project_image_fid=199678]</p>

<p>Do you need a large apartment with multiple bedrooms, or are you looking for something smaller and more compact?</p>

<h2>Number of bedrooms</h2>

<p>Think about how many bedrooms you need and whether the apartment has enough space to accommodate your needs. If you have children or plan to start a family, you'll likely need more bedrooms.</p>

<h2>Parking</h2>

<p>Depending on your needs, you may want to look for an apartment that has dedicated parking or is located near public transportation. This can be especially important if you have a car or plan to get one.</p>

<h2>Storage</h2>

<p>Look for an apartment with ample storage space, such as walk-in closets, pantries, and additional storage units. This can be a big help in keeping your apartment organized and clutter-free.</p>

<h2>Kitchen</h2>

<p>The kitchen is an important room in any apartment, so consider whether the one in the apartment you're considering meets your needs.</p>

<p>[smartcode_project:default project_id=3127 project_image_fid=181987]</p>

<p>Look for features such as modern appliances, plenty of counter space, and ample storage.</p>

<h2>Bathroom</h2>

<p>The bathroom is another important room in an apartment, so look for one with modern fixtures, good lighting, and ample space. A master bathroom with a large shower or tub can be a nice luxury.</p>

<h2>Laundry facilities</h2>

<p>Consider whether the apartment has in-unit laundry facilities or access to shared laundry facilities. This can be a big convenience and save you time and money.</p>

<h2>Outdoor space</h2>

<p>If you enjoy spending time outdoors, look for an apartment with a balcony, patio, or shared outdoor space. This can provide a great place to relax and enjoy the fresh air.</p>

<h2>Security</h2>

<p>Security is an important consideration when it comes to choosing an apartment.</p>

<p>[smartcode_project:default project_id=3127 project_image_fid=181988]</p>

<p>Look for an apartment that has secure access, surveillance cameras, and other security features to ensure your safety.</p>

<h2>Fitness centre</h2>

<p>If you enjoy working out or want to stay active, look for an apartment that has a fitness centre or access to a gym. This can save you money on gym memberships and provide a convenient way to stay in shape.</p>

<h2>Swimming pool</h2>

<p>If you enjoy swimming or want to have the option to cool off during the warmer months, look for an apartment that has a pool.&nbsp;</p>

<p>[smartcode_project:default project_id=2929 project_image_fid=201020]</p>

<p>This can be a great amenity to have access to and can provide a fun way to relax and unwind.</p>

<h2>Social activities</h2>

<p>Some apartments offer social activities and events for residents, such as movie nights, game nights, or happy hours. If this is important to you, look for an apartment that offers these types of activities.</p>

<h2>Pet-friendly</h2>

<p>If you have a pet or plan to get one, look for an apartment that is pet-friendly. This may include features such as a dog park or designated pet areas.</p>

<h2>On-site maintenance</h2>

<p>Look for an apartment that has on-site maintenance staff to handle any issues that may arise. This can be a big convenience and ensure that any problems are dealt with quickly.</p>

<p>By considering these top amenities, you'll be well on your way to finding an apartment in Melbourne that meets your needs and enhances your quality of life.</p>


Amenities an greatly impact a residents' daily life

The top amenities to look for in an apartment in Melbourne

<p>When searching for apartments in Melbourne, the neighbourhood you choose can greatly impact your daily life and overall enjoyment of your new home.</p>

<p>Here are the top neighbourhoods for apartments in Melbourne:</p>

<h2>The Melbourne CBD</h2>

<p>The central business district (CBD) is the heart of Melbourne and a popular choice for apartment living due to its proximity to work, shopping, and entertainment.</p>

<p>[smartcode_project:default project_id=1260 project_image_fid=177635]</p>

<p>Apartments in the CBD tend to be more expensive than other areas of the city.</p>

<h2>South Yarra</h2>

<p>Located south of the CBD, South Yarra is a trendy neighborhood known for its fashionable boutiques, trendy cafes, and popular nightlife.</p>

<p>[smartcode_project:default project_id=3127 project_image_fid=181274]</p>

<p>It's a popular choice for young professionals and students due to its proximity to the CBD and excellent public transportation.</p>

<h2>St Kilda</h2>

<p>St Kilda is a beachside suburb located southeast of the CBD and a popular choice for families and beach lovers due to its excellent schools and outdoor recreational opportunities.</p>

<p>St Kilda is known for its laid-back atmosphere and popular tourist attractions such as St Kilda Beach and Luna Park.</p>

<h2>Carlton</h2>

<p>Carlton is a lively neighbourhood located north of the CBD and a popular choice for students and young professionals due to its proximity to the University of Melbourne and RMIT University. Carlton is known for its vibrant cultural scene and excellent dining options.</p>

<h2>Fitzroy</h2>

<p>Fitzroy is a bohemian neighbourhood located north of the CBD and a popular choice for young professionals and artists due to its edgy atmosphere and proximity to the CBD. Fitzroy is known for its vibrant street art, trendy cafes, and popular nightlife.</p>

<h2>Southbank</h2>

<p>Southbank is an upscale neighbourhood located south of the CBD and a popular choice for professionals and families due to its excellent amenities and proximity to the CBD.</p>

<p>[smartcode_project:default project_id=3260 project_image_fid=206134]</p>

<p>Southbank is known for its trendy restaurants, popular nightlife, and cultural attractions such as the Melbourne Arts Precinct.</p>

<h2>Prahran</h2>

<p>Prahran is a fashionable neighbourhood located south of the CBD and a popular choice for young professionals and students due to its proximity to the CBD and excellent public transportation.</p>

<p>Prahran is known for its trendy boutiques, popular nightlife, and excellent dining options.</p>

<h2>Richmond</h2>

<p>Richmond is a diverse neighbourhood located east of the CBD and a popular choice for families and sports fans due to its excellent schools and recreational opportunities.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=95458 project_image_fid=201271]</p>

<p>Richmond is known for its excellent dining scene and popular sporting events at the Melbourne Cricket Ground and Melbourne Park.</p>

<h2>Brunswick</h2>

<p>Brunswick is a trendy neighbourhood located north of the CBD and a popular choice for students and young professionals due to its proximity to the University of Melbourne and RMIT University.</p>

<p>Brunswick is known for its bohemian atmosphere, popular nightlife, and excellent dining options.</p>

<h2>Northcote</h2>

<p>Northcote is a vibrant neighbourhood located north of the CBD and a popular choice for families and outdoor enthusiasts due to its excellent schools and proximity to the Yarra Valley. Northcote is known for its diverse dining scene, popular nightlife, and excellent parks and recreational facilities.</p>

<p>When considering these top neighbourhoods for apartments in Melbourne, it's important to think about your budget, lifestyle, and personal preferences. Take the time to explore different neighbourhoods and get a feel for each one to find the best fit for you.</p>


Which Melbourne neighbourhood is the best to live in?

The top neighbourhoods for apartments in Melbourne

<p style="line-height:1.38">If you're planning to buy an off-the-plan property in Melbourne, there are a few important things to keep in mind to ensure that you find a place that meets your needs and fits your budget.</p>

<p style="line-height:1.38">Here are the top tips for buying off-the-plan properties in Melbourne:</p>

<h2>Determine your budget</h2>

<p>Before you start looking for off-the-plan properties, it's important to determine your budget and what you can afford in terms of a down payment and monthly mortgage payments.</p>

<p>[smartcode_project:default project_id=112174 project_image_fid=199593]</p>

<p>Keep in mind that you'll also need to budget for closing costs, property taxes, and other expenses.</p>

<h2>Make a list of must-have amenities</h2>

<p>Think about the amenities that are most important to you and make a list of them.</p>

<p>[smartcode_project:default project_id=2929 project_image_fid=201005]</p>

<p>This could include things like a fitness centre, swimming pool, or outdoor space.</p>

<h2>Search online</h2>

<p>There are many websites and online platforms that can help you find off-the-plan properties in Melbourne.</p>

<p>These sites often allow you to filter your search by location, price, and amenities, which can make it easier to find the perfect place.</p>

<h2>Consider the location</h2>

<p>Location is an important factor when it comes to buying an off-the-plan property in Melbourne.</p>

<p>Look for a property that is conveniently located near your work, schools, and other necessities.</p>

<h2>Review the floor plans and renders</h2>

<p>When buying an off-the-plan property, it's important to review the floor plans and renderings to get a feel for the layout and design of the property.</p>

<p>[smartcode_project:default project_id=1260 project_image_fid=177987]</p>

<p>This will help you envision what the finished product will look like and ensure that it meets your needs.</p>

<h2>Get a mortgage pre-approval</h2>

<p>Before you start making offers on off-the-plan properties, it's a good idea to get a mortgage pre-approval from a lender.</p>

<p>This will give you an idea of how much you can afford and help you make more competitive offers.</p>

<h2>Make an offer</h2>

<p>Once you've found an off-the-plan property you're interested in, it's time to make an offer. Work with your real estate agent to come up with a competitive offer that takes into account the current market conditions and the seller's asking price.</p>

<h2>Get a contract review</h2>

<p>Before you finalize the purchase of an off-the-plan property, it's a good idea to have a lawyer review the contract to ensure that all of the terms and conditions are fair and in your best interests.</p>

<p>[smartcode_project:default project_id=3260 project_image_fid=206124]</p>

<h2>Finalise the purchase</h2>

<p>Once you've negotiated the terms of the purchase and had the contract reviewed, it's time to finalize the deal. This will require signing a purchase agreement and paying the down payment and closing costs.</p>

<h2>Wait for construction to be completed</h2>

<p>One of the biggest differences between buying an off-the-plan property and a traditional property is that you'll need to wait for construction to be completed before you can move in. Make sure you understand the estimated completion date and any potential delays that could impact that timeline.</p>

<p>By following these tips, you'll be well on your way to finding and buying the perfect off-the-plan property in Melbourne. While buying an off-the-plan property can require more patience and planning than buying a traditional property, it can also offer some unique benefits, such as the opportunity to customize finishes and take advantage of pre-construction pricing.&nbsp;</p>


If you're planning to buy an off-the-plan property in Melbourne, there are a few important things to keep in mind to ensure that you find a place that meets your needs

The top tips for buying off the plan properties in Melbourne

<p style="line-height: 1.38;">When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.</p>

<p style="line-height: 1.38;">Often the largest outlay, after the deposit which goes to the bank, is stamp duty.</p>

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

<p>Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.</p>

<p>It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.</p>

<p style="line-height: 1.38;"><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></p>

<h2>Who pays Stamp Duty?</h2>

<p>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.</p>

<h2>How much does Stamp Duty cost?</h2>

<p>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.</p>

<p>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!</p>

<p>Overall, the stamp duty you need to pay will depend on:</p>

<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>

<p style="line-height:1.38">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.</p>


Ellen Walker

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

<p>Plans for a new luxury tower on one of Palm Beach's best streets have been re-jigged.</p>

<p>There were approved plans for a nine-level, clam shell-inspired building designed by Contreras Earl at 215-217 Jefferson Lane, which were signed off in November last year.</p>

<p>But since then the amalgamated 817 sqm corner site with 20 metre frontage to both Jefferson Lane and Thirteenth Avenue has sold, for $13.51 million through Kollosche, and now the plans have been tweaked.</p>

<p><img alt="Palm Beach tower" data-entity-type="file" data-entity-uuid="ec9d4876-9684-4ffd-9efb-5d8ed9b0d9eb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-10-31%20at%2010.28.36%20am.png?VersionId=jfYecwzx7qBRkSbVuTVUYljYHbjpRqu1" /><br />
<em>The former plans by Contreras Earl</em></p>

<p>The new plans were filed by a company tied to Sydney-based lawyer Pierre Saab, who runs Macquarie Law.</p>

<p>BDA designed the new tower, with a few changes to some of the internal configurations and the facade. They have added an&nbsp;open rooftop level which will be the communal space for residents.</p>

<p>That frees up the ground level where BDA are proposing another apartment, taking the total apartments from eight to nine.</p>

<p>"Notwithstanding, the development retains almost identical setbacks, site cover, and landscaping and remains compliant with the provision of parking and servicing as per the original approval," the report by town planner Zone Planning Group read.</p>

<p><img alt="Palm Beach tower" data-entity-type="file" data-entity-uuid="ec0a41e0-6502-46f1-8c99-76daeb99bc38" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-10-31%20at%2010.28.42%20am.png?VersionId=rvFo_UD_tSwiej7Ox2BGhBrB51W5g6Fa" /><br />
<em>The new plans by BDA Architecture.</em></p>

<p>"The proposed change is not anticipated to generate additional impacts beyond the boundaries of the site, compared to what was deemed acceptable by Council under the previous approval.</p>

<p>"In summary, the amended development is considered appropriate for the location providing a contemporary and functional design outcome that will complement and enhance the existing and emerging urban forms in the general locality, without unduly impacting the amenity currently enjoyed by surrounding properties."</p>

<p>The dwelling on 215 Jefferson Lane has recently been demolished, but the two-level duplex at 217 Jefferson Lane still stands.</p>


There were approved plans for a nine-level, clam shell-inspired building designed by Contreras Earl at 215-217 Jefferson Lane


First look: New plans for luxury Jefferson Lane, Palm Beach apartment development

<p>Arguably floor plans matter more in off the plan property than any other type of property.</p>

<p>In established markets, the floorplan is the floor plan. That's it, barring renovations.</p>

<p>But in the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers when discussing buying an off the plan property.</p>

<p>First there's the floor plan size.</p>

<p>Floor plan sizes advertised by agents or developers can differ hugely state by state, so it's important to understand whether you are being pitched a property's internal size, or total size.</p>

<p>Internal size is the measurement of the internal floor area of an apartment, and is typically measured in square metres (m²). External size is the measurement of the external dimensions of an apartment, be it a courtyard or a balcony, but sometimes it can include a parking space or storage cage.</p>

<p>Generally, off the plan apartments are advertised with their internal size, as this is the size that you will have to work with when furnishing and decorating your new home. It's important to be aware of external size, however, as this will give you an indication of the overall size of the building and how much outdoor space you will have access to.</p>

<p>When considering internal vs external size, it's important to keep in mind that internal size may vary slightly from the advertised size due to the internal walls of the apartment. External size, on the other hand, is usually accurate to the advertised size as it's based on the overall dimensions of the building.</p>

<p>Another thing to consider when analyzing floor plans in off the plan property is that floor plans aren't necessarily set.</p>

<p>The majority of developers, providing construction is still at its early stages, will allow buyers to customize their floor plan to suit their lifestyle.</p>

<p>It might be that you want to move a bedroom or bathroom, or re-orientate the living area. This generally isn't a problem for developers as long as the moving of internal walls doesn't impact the building structurally, and the redesign all occurs within the same floor plate size of the original apartment.</p>


In the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers

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