Prominent Bondi developer RnB Property Group is making its mark in Byron.

The developer, who is currently delivering boutique developments Mangata and Allara in Vaucluse, has filed for a boutique shoptop development on Byron Bay's dress circle Marvell Street.

The near $11 million plans, for an amalgamated site across 5 Marvell Lane and 8 Marvell Street, will see 10 three-bedroom apartments developed across a four-level building, above two ground floor retail spaces and basement parking, accessed from Marvell Lane.

<img alt="Marvell Ln, Byron Bay 2481 NSW" data-entity-type="file" data-entity-uuid="621b55e5-5b0a-40c0-984a-47d716814e1b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Byron%20bay%20da%20pers.png?VersionId=MJyJqMzfMqom4a.l9EIiIZW8cYP24Mf1" />

The apartments, designed by&nbsp;SRH Architecture, will range in size between 114 sqm and 220 sqm.

SRH’s architectural plans indicate a contemporary façade treatment with varied setbacks to address both Marvell Street and Marvell Lane frontages.&nbsp;

Landscaped common areas are proposed, including 134 sqm of gardens, while deep planting is incorporated to improve the interface with surrounding properties.

BASIX commitments show the project exceeding NSW sustainability targets, achieving a water score of 49 against the target of 40, and an energy score of 61 over the target of 60. All apartments have been designed to achieve compliance with thermal performance standards.

<img alt="Marvell Ln, Byron Bay 2481 NSW" data-entity-type="file" data-entity-uuid="be1365f4-91b0-4c79-9e30-b91c6867140b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marvel%20St%20byron%20bay.png?VersionId=PXxTyxp.HkNEQxiIwuUDlbQn2f.UC_l5" />

The development would involve the demolition of a single storey cottage on the site.

RNB Property Group has developed across Sydney's affluent eastern suburbs for decades. They met with the Byron Bay Council prior to the recent submission. They only received one written submission from locals, who requested a redesign of the building to respond more&nbsp;to the local context through form, material palette and native landscaping.

Changes to aspects of the design have been undertaken in response to the feedback.

Joel Robinson

Eastern Suburbs developer heads north to Byron's Marvell Street

Once home to MacRobertson’s Garage and Workshop, a small corner of <a href="https://www.apartments.com.au/developments/fitzroy-vic-3065">Fitzroy</a> is soon to host a new sculptural landmark, with its design intent rooted in the textures and stories of the streets around it.

Developed by <a href="https://www.apartments.com.au/developers/chapter-group">Chapter Group</a> in partnership with <a href="https://www.apartments.com.au/developers/cdl-australia">CDL Australia</a> and <a href="https://www.apartments.com.au/developers/crema-group">Crema</a>, <a href="https://www.apartments.com.au/new-apartments/fitzroy-fitzroy-411-421-smith-street-fitzroy-vic-3065">Fitzroy Fitzroy</a> comprises 63 one, two, and three-bedroom apartments behind the heritage brick façade.

&nbsp;

[smartcode_project:default project_id=14394 project_image_fid=183064]

<a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a> led the design process with a clear vision.

“What really inspired our vision for Fitzroy Fitzroy was to create almost a sculpture that could sit on the actual heritage base itself,” says Koos de Keijzer, Founder and Principal at DKO.&nbsp;

The design team shaped the western side of the nine-storey building into a chamfer, opening interiors to light and views while defining the building’s distinctive form.

The façade’s rhythm is broken by recessed loggias.

"We feel quite strongly about loggias, an outside area that sits inside and is quite protected from the wind and from the sun. We've also got these Juliet balconies where&nbsp;the wall starts to open up just to captivate the outdoors and bring it indoors.”

&nbsp;

[smartcode_project:default project_id=14394 project_image_fid=183066]

Inside, DKO crafted flexible layouts to encourage residents to live their own way.

“We really wanted to create something which people have an individual say on how they live,” says Michael Drescher, DKO's Interior Design Director.

Kitchens feature two contrasting stones, a durable surface at the cooktop and a natural stone island, with abundant storage and built-in banquet seating to encourage shared meals and socialising.&nbsp;

[smartcode_project:default project_id=14394 project_image_fid=183071]

Bathrooms carry the same stone for a cohesive aesthetic, informed by hotel design cues to create “a high level of glamorous” while remaining highly functional.

On levels seven and eight, apartments are tucked behind the building’s chamfer, creating outdoor terraces that range from expansive entertaining areas to sheltered, intimate spaces beneath the pitched rooflines.&nbsp;

[smartcode_project:default project_id=14394 project_image_fid=1010]

Residents also have access to a rooftop retreat with panoramic views, alongside the Smith Club, a private lounge for social gatherings, and a laneway arcade linking Smith and Leicester Streets, a deliberate nod to Melbourne’s arcade culture.

For de Keijzer, the outcome is a project that feels inherently local, that that is “truly authentic in a Fitzroy context”.&nbsp;

Fitzroy Fitzroy is already 70 per cent sold, attracting predominantly local owner-occupiers. <a href="https://www.apartments.com.au/builders/cobild">Cobild</a> is expecting to complete construction in Q4 2025, with residents moving in shortly after.

[smartcode_project_cta:default project_id=14394]

For Koos de Keijzer, Founder and Principal at DKO, the outcome is a project that feels inherently local, that that is “truly authentic in a Fitzroy context”

Fitzroy Fitzroy: Designed by locals, rooted in place

Chevron Island is set for a little slice of New York with the upcoming completion of Greenwich, the newest development by Ention Properties.

<a href="https://www.apartments.com.au/new-apartments/greenwich-surfers-paradise-30-anembo-street-surfers-paradise-qld-4217">Greenwich</a>, a boutique 15-level development with just 46 apartments on Anembo Street, just off Chevron Island Park, has been designed by Ferro Chow to look like Manhattan's famous Flatiron Building.

[smartcode_project:default project_id=6647 project_image_fid=171555]

Ention has refined the design and the make-up of the building over several years, reducing the number of apartments and increasing the internal floor areas of the apartments.

The remaining apartments for sale, which start from over 100 sqm and range in size up to the 209 sqm, penthouse-style offering, start from just over $1,129,000. There are a handful of two and three-bedrooms remaining, each with views over the Gold Coast skyline and waterways from the balconies and living areas.

[smartcode_project:default project_id=6647 project_image_fid=183797]

<a href="https://www.apartments.com.au/architects/ferro-chow-architects">Ferro Chow Architects</a> led the design, placing emphasis on curved forms, expansive arched floor-to-ceiling windows, and a natural palette that connects the interiors with the parkland and river landscape.&nbsp;

Each apartment features wide-plank oak flooring and a refined materials palette, including marbled stone kitchens and premium Miele and V-ZUG appliances.&nbsp;

[smartcode_project:default project_id=6647 project_image_fid=183798]

Greenwich’s amenity is anchored by a rooftop pavilion dedicated exclusively to residents, comprising an infinity-edge pool, daybeds, poolside cabanas, a BBQ area, and a yoga and relaxation lawn.

The elevated vantage point offers sweeping city and water views, complementing the project's positioning at the quiet residential end of Chevron Island, but also just off the Thomas St village strip.

Jayde Pezet, Director at Pezet Matheson, says buyers have been drawn to the central location of the development, abutting public open space, with water and skyline views.&nbsp;

"Greenwich offers residents unparalleled walkability to HOTA, waterways, Surfers Paradise golf course, beaches and dining precincts.&nbsp;Also the stunning architectural design of the towers facade coupled with exquisite rooftop amenity has drawn attention from buyers and local residents alike."

[smartcode_project_cta:default project_id=6647]

Jayde Pezet, Director at Pezet Matheson, says buyers have been drawn to the central location of the development, abutting public open space, with water and skyline views

Ention Properties release final Greenwich, Chevron Island apartments ahead of September completion

Three years after completion, <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> on the Parramatta River remains one of the suburb's most distinctive residential towers, not just for its 46-storey presence on the water, but for its integration of the Southern Hemisphere’s first fully robotic car park, now well-proven in daily use.

Delivered by <a href="https://www.apartments.com.au/developers/novm">NOVM</a> and EQ Construction and designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the $300 million development brought 414 apartments to Parramatta’s CBD fringe at a time when the city was undergoing rapid transformation into Sydney’s second CBD.

The nine-level basement, combining three conventional parking levels with six automated levels, was designed and installed by German firm Lödige Industries using its Cubile technology. The system has now been in continuous operation for three years, handling 327 vehicles through five transfer cabins.&nbsp;

[smartcode_project:default project_id=5743 project_image_fid=5369]

Residents drive into the cabins, and flat robots move their cars to available bays without ramps or human intervention. The technology is compatible with all common cars and SUVs up to 2.5 tonnes and typically retrieves vehicles within minutes via a smartphone app.

By storing up to 60 per cent more vehicles than a conventional design, the automated format reduced excavation depth during construction and continues to deliver operational benefits, including lower emissions from underground vehicle movements and improved resident safety.

NOVM CEO and Executive Director Adrian Liaw said the decision to adopt the technology was aligned with the team’s focus on both efficiency and resident experience.

“For The Lennox we wanted both a modern functionality and timeless aesthetic combined with our customary meticulous quality and craftsmanship. The automated parking technology from Lödige Industries offers both the innovative functionality and luxurious user experience we were keen to create and the performance we needed to see.”

[smartcode_project:default project_id=5743 project_image_fid=5371]

The Lennox offers a mix of one, two, three and four-bedroom apartments, all designed with open-plan living areas that extend to private balconies.&nbsp;

Interiors are finished in neutral tones, complemented by engineered timber flooring, stone benchtops and integrated appliances, while many residences on the upper levels enjoy expansive river and district views.

Resident facilities are centred around The Watermark precinct, a 20-metre indoor heated pool, outdoor terrace, BBQ areas, gym, fitness studio and conference room. Ground-floor retail fronts the river walk, linking directly to public open space.

[smartcode_project:default project_id=5743 project_image_fid=5370]

Since The Lennox’s completion, Parramatta has continued to experience population growth and infrastructure investment, with the light rail under construction and the Metro West line expected to link the CBD to Sydney in around 20 minutes.&nbsp;

Waterfront residential opportunities remain limited, with most prime sites either developed or earmarked for public use. In a market where on-site parking ratios are trending down in new approvals, The Lennox’s combination of a high-capacity robotic car park and established riverfront address continues to differentiate it among completed stock.

A limited selection of apartments at The Lennox remain available, with immediate occupancy.

[smartcode_project_cta:default project_id=5743]

Riverfront living with Australia’s most advanced residential parking system at The Lennox, Parramatta

Melbourne-based developer <a href="https://www.apartments.com.au/developers/progressio-developments">Progressio Developments</a> has timed the launch of its latest residential project to perfection.

Their new development, <a href="https://www.apartments.com.au/new-apartments/crest-camberwell-936-938-toorak-road-camberwell-vic-3146">Crest Camberwell</a>, taps into a significantly undersupplied market in Camberwell, where new apartment projects are increasingly rare. Progressio is not only filling that gap but also catering to a broader range of buyers—something that's uncommon in boutique apartment buildings, which typically feature uniform configurations and price points.

Located on a prime Toorak Road site, just a short walk from the bustling Burke Road commercial strip, Crest Camberwell comprises just 12 exclusive apartments.

[smartcode_project:default project_id=9177 project_image_fid=350647]

Prices at <a href="https://www.apartments.com.au/new-apartments/crest-camberwell-936-938-toorak-road-camberwell-vic-3146">Crest Camberwell</a> start at $770,000 for the one-bedroom apartments. The two-beds are priced at $1.49 million, and the large three-bedroom residences, with two parking spaces, are $1.66 million.

Designed by Melbourne-based architecture studio <a href="https://www.apartments.com.au/architects/splinter-society">Splinter Society</a>, Crest’s architectural expression draws on Camberwell’s heritage character, incorporating brick-inspired materials and bronze detailing.&nbsp;

The building’s massing and orientation are designed to capture green views while integrating with the established streetscape.&nbsp;Natural materials including travertine, textured concrete and timber feature throughout, both externally and internally.

[smartcode_project:default project_id=9177 project_image_fid=350647]

The interiors prioritise scale and natural light, with open-plan layouts that extend to large balconies equipped with full-height sliding doors.&nbsp;

Integrated appliances from Fisher &amp; Paykel and V-ZUG, along with custom joinery, brass tapware and stone benchtops, are standard inclusions across all residences.&nbsp;

[smartcode_project:default project_id=9177 project_image_fid=350650]

<a href="https://www.apartments.com.au/new-apartments/crest-camberwell-936-938-toorak-road-camberwell-vic-3146">Crest</a> incorporates landscape design by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>, with a focus on low-maintenance planting and visual cohesion between the building and surrounding environment.&nbsp;

At ground level, greenery softens the building’s street presence and enhances resident privacy.

The development has been designed with energy efficiency in mind, achieving a 7-star rating. Features include double glazing, solar passive design principles, and materials selected for thermal performance and durability.

Farey &amp; Co is marketing Crest Camberwell. They are fielding enquiry from local downsizers predominantly, those who are looking for a well-located apartment in a small block with few neighbours.

[smartcode_project_cta:default project_id=9177]

Crest Camberwell fills low-density gap in prestigious suburb

off-the-plan

As a first home buyer, you might be asking yourself, will this property be worth it in the long run? Why is location so important? Will the property be profitable to sell in the future?

Choosing a good location is arguably one of the most important factors when choosing a home. Not only can it offer convenience and better liveability,&nbsp;but buying in a rising suburb can be a&nbsp;smart way to ensure your property will hold its value.&nbsp;We&#39;re going to walk you through some of the top location factors to consider when choosing your first home.

&ldquo;Location creates desirability, desirability creates demand, and demand raises property prices. If you cleverly choose the location of your new home, you will not just enjoy an improved lifestyle (think - better amenities, schools, transport, and so forth) but potentially profit significantly when it comes time to sell-up and move on.&rdquo;

<a href="https://gw.legal/articles/why-location-location-location-is-still-the-most-important-consideration-when-buying-a-home" target="_blank">GW Legal</a>, conveyancing specialists

First home buyers may consider an investment plan for their first home purchase, making location an important investment feature that can be valuable to increase rental opportunities and resale value in future. Here are eight&nbsp;location features you could consider:

<h2>1. Investment opportunity</h2>

<figure><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_1139707214.jpg?itok=xkZHpW63" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

To maximize resale value, it can be wise to select a property in a sought-after location. Features to look for can include low noise, a well-maintained neighbourhood and streets with slight elevation for good drainage and sun.

Where possible, avoid close proximity to highways/train tracks, factories and utility lines. According to Gustan Cho Associates, &ldquo;buying a house next to power lines may decrease property value <a href="https://homeguides.sfgate.com/much-power-lines-lower-real-estate-value-2979.html" target="_blank">as much as 10% to 40%</a>&rdquo;.&nbsp;

Having easy access to public transportation, good schools, entertainment, retail, dining and recreational centres are key factors to consider. Having additional public transit choices available, whether in the CBD or the suburbs, means that the property could <a href="https://www.smartcitiesdive.com/news/property-values-thrive-near-transit-study-finds/564982/" target="_blank">become more valuable over time</a>&nbsp;as it becomes easier to commute to.

[smartcode_project:default project_id=5234 project_image_fid=84282]

Being near good schools gives parents that have school-age kids the opportunity to settle or rent out the property to a family. As a result, homes located in good school zones experience a higher growth compared to lower-ranked school zones.

Research from the Real Estate Institute of Victoria states how properties located within popular primary and secondary schools are able to secure sale prices above <a href="https://reiv.com.au/policy-resources/latest-news/top-performing-public-schools-leading-price-growth" target="_blank">$400k more</a> than properties outside those school zones.&nbsp;

<h2>2. Employment opportunities</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/shutterstock_614433167.jpg?itok=phLLncAl" title="Source: Shuttershock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

When there are new businesses opening in the area, this can boost job supply making the area a desirable option for job opportunities.

As businesses grow with the population of the area, there may be higher chances of the property increasing in value as there can potentially be amenities and entertainment that will develop alongside to cater to the population.&nbsp;

<h2>3. Infrastructure upgrades</h2>

Infrastructure projects (planned and under construction) can help in indicating a rise in housing demand.

[smartcode_project:default project_id=29358 project_image_fid=85966]

Social infrastructure that may attract buyers and families to an area includes: public transportation links that provide connectivity to the city, greater selection of educational facilities, upgraded utilities, or the addition of health services.

<figure><img alt="" class="image-article-full-width-580px" height="384" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_190368989.jpg?itok=Je3j24rm" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

These may be reasonably certain indicators for finding tenants or future buyers. Areas, where the construction and mining sectors are entering or extending their operations, have the opportunity to attract jobs and workers to the region, which may offer potential long-term investment and capital growth opportunities.

<h2>4. Consider looking for property in fringe suburbs</h2>

If your first choice location is out of budget, neighbouring suburbs can be an excellent solution as they can provide cheaper entry points to the market.

Townhouses and family-friendly apartments can also be considered as a more affordable alternative to the stand-alone housing stock in high demand suburbs.

[smartcode_project:default project_id=29048 project_image_fid=151675]

<h2>5. Choosing the right suburb</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_1988193521.jpg?itok=-L58WU3l" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

URBAN &amp; CITY

Pros:&nbsp;

<ul>
	<li>
	Love the bustle of the city
	</li>
	<li>
	Close to an abundance of entertainment, restaurants and nightlife
	</li>
	<li>
	Shorter commute times
	</li>
	<li>
	Many amenities nearby
	</li>
	<li>
	Great for walkability
	</li>
</ul>

Cons:&nbsp;

<ul>
	<li>
	Less space
	</li>
	<li>
	Noise pollution
	</li>
</ul>

COASTAL

Pros:&nbsp;

<ul>
	<li>
	Love the beach and its openness and fresh air
	</li>
	<li>
	Relaxed lifestyle
	</li>
	<li>
	Great place to raise a family
	</li>
	<li>
	Better work/life balance as a <a href="https://www.marketwatch.com/story/people-who-live-on-the-coast-are-typically-happier-than-those-who-dont-says-science-2019-10-01" target="_blank">study</a> from Exeter University found that living close to the sea is good for your mental health
	</li>
</ul>

[smartcode_project:default project_id=5559 project_image_fid=88243]

Cons:&nbsp;

<ul>
	<li>
	Higher maintenance costs due to exposure to sea air, strong winds, spot water damage, damp and rust problems
	</li>
	<li>
	Less privacy during peak season
	</li>
</ul>

SUBURBS&nbsp;

Pros:&nbsp;

<ul>
	<li>
	Often plenty of schooling options
	</li>
	<li>
	Can be more affordable
	</li>
	<li>
	Relaxed lifestyle
	</li>
	<li>
	Local amenities growing
	</li>
</ul>

Cons:&nbsp;

<ul>
	<li>
	Potentially longer commute
	</li>
	<li>
	Not as much entertainment, restaurants and nightlife compared to the city
	</li>
</ul>

<h2>6. Insurance premiums</h2>

Environmental hazards associated with the property&#39;s location should also be addressed, as insuring a property in a flood or bushfire-prone area may be more expensive, affecting your budget.

According to a recent assessment by the <a href="https://www.afr.com/property/residential/climate-change-predicted-to-wipe-571-billion-off-property-values-20190508-p51law" target="_blank">Climate Council</a>, climate change and extreme weather would cause the Australian property market to lose $571 billion in value by 2030.

Make sure to double-check to see whether the insurance covers all these hazards as it may not be the case for most properties.&nbsp;

<h2>7. Limitations on your property</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_375497461.jpg?itok=xbcDyYXM" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

The Vegetation Protection Overlay (VPO), the Environmental Significance Overlay (ESO), the Significant Landscape Overlay (SLO), and the Heritage Overlay (HO) are four overlays that can be used to protect and manage vegetation in urban areas as part of Victoria Planning Provisions (VPP).

They will have limited relevance in urban areas with small lot sizes because they aim to avoid broad-scale clearance of vegetation.&nbsp;

Restrictions such as the Vegetation Protection Overlay (covered in some parts of Monash and Mornington Peninsula Planning Scheme) exist in order to protect current vegetation, encourage the regeneration of native plants and trees, and maintain and improve habitat for native wildlife.

It can be used on individual trees, groups of trees, or large expanses of vegetation. This will cause limitations to any property in a protected area that you may want to renovate.&nbsp;

<h2>8. Recency</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/shutterstock_525154717.jpg?itok=O3dK6E74" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

When you have found your potential property, it is good to start looking for their comparable sales (also known in the industry as &ldquo;comps&rdquo;).

Comps are recently sold properties that have similar characteristics to the one you&rsquo;ve been looking to purchase or invest in.

When it is a good deal, the value can go up when you resell in the future due to infrastructure and other upgrades.

New houses or renovated houses in that area can also drive up the value as it may increase interest.

As a first home buyer, you might be asking yourself, will this property be worth it in the long run?

briana

Home buyer guide: Location indicators to take into account when buying your first home

<html><body>
Known for its lush rainforests, fresh produce and enviable lifestyle, Tasmania provides an acceptable alternative to life on the mainland.

Homebuyers are flocking to the island state as greater opportunities to work remotely arise and home prices remain relatively low.

According to CommSec’s State of the States report, Tasmania holds the mantle for the best-performing economy for the fourth quarter in a row, ranked first on relative population growth, equipment investment and dwelling starts.

Urban takes a look at three brand-new apartments in Greater Hobart. 
 

1. Kings Quarter, Kingston 
Address: Pardalote Parade, Kingston TAS 7050

[smartcode_project:default project_id=29367]

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-03-16_at_4.45.22_pm.png" rel="gallery-all" title="Image: Traders in Purple"><img alt="" class="image-article-full-width-580px" height="346" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-03-16_at_4.45.22_pm.png?itok=any40ZYl" title="Image: Traders in Purple" width="580"></a>

<figcaption>Image: Traders in Purple</figcaption></figure>Offering a masterplanned community, developer Traders in Purple will offer a revitalisation at the Kingsborough area at their diverse mixed-use development.  

Birches Row, the first stage of the project, will offer 80 new, free-standing homes and townhouses, as well as retail, dining and office space centred around the Kingsborough Council’s multimillion-dollar public park.

The three and four-bedroom residences offer rich neighbourhood life, and feature alfresco living, multi-purpose space and landscaped courtyards. 
 

2. The Elliott, Hobart 
Address: 62 Patrick Street, Hobart TAS 7000

[smartcode_project:default project_id=89729]

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-03-16_at_4.45.37_pm.png" rel="gallery-all" title="Image: EIS Property"><img alt="" class="image-article-full-width-580px" height="352" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-03-16_at_4.45.37_pm.png?itok=0j7kzBxx" title="Image: EIS Property" width="580"></a>

<figcaption>Image: EIS Property</figcaption></figure>Conveniently located on the doorstep to Hobart’s CBD, the Elliott presents an exclusive collection of 68 luxury homes in one, two, three and four-bedroom configurations.

The residence, designed by HBV Architects, provides expansive interior spaces, outdoor terraces and views of the city, kunanyi / Mount Wellington and beyond.

The Elliott provides convenience with the Salamanca markets, the Hobart waterfront and the CBD within walking distance from the home. 
 

3. Ingomar Residences, Hobart 
Address: 34 Patrick Street, Hobart TAS 7000

[smartcode_project:default project_id=94367]

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-03-16_at_4.46.23_pm.png" rel="gallery-all" title="Image: La Vie Collective"><img alt="" class="image-article-full-width-580px" height="375" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-03-16_at_4.46.23_pm.png?itok=c_46t2Gw" title="Image: La Vie Collective" width="580"></a>

<figcaption>Image: La Vie Collective</figcaption></figure>Developed by the boutique Tasmanian property developers La Vie Collective, Hobart’s latest development provides homebuyers the chance to reside in one of 26 tailored residences in North Hobart.

Designed by S Group, the project boasts the luxe conversion of a historic 1897 mansion into eight residences, with an additional 18 apartments situated on the home’s former grounds.

The home features state-of-the-art technology, luxurious finishes, and heritage details, as well as views toward the city and the Hobart waterfront.
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Homebuyers are flocking to the island state as greater opportunities to work remotely arise and home prices remain relatively low

max.kwok_55688

Home to Australia’s best performing economy: 3 brand-new apartments in Tasmania

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<h2>OPINION:</h2>

Having worked in the industry continuously for many years, I have seen property trends come and go and come again, and I believe right now is a particularly interesting time. For the first time in many years, decades even, First Home Buyers have more opportunity than ever to get themselves onto the property ladder.

It’s been well documented that Millennials in particular have found buying their first home a lot more difficult than previous generations, so the government grants and stamp duty exemptions on offer right now are particularly welcome – however many people are not actually aware of what is available to them, or that they might be closer than they think to owning their own place.

Although it seems that word of all the assistance available is reaching a few savvy purchasers, our main source of enquiry are first home buyers at our newest project in Brunswick, <a href="/buildings/brunswick-yard-8-ballarat-street-brunswick">Brunswick Yard</a>. The combination of historically low-interest rates of c. 1% (cash rate) and government grants have really boosted appetite for entry-level property product. For first home buyers in particular, it's not servicing the loan that is the biggest problem, it's saving the deposit in the first place. Conversely, some people have come through the Melbourne Covid lockdown with more money in their savings accounts than previously, especially when you add in early superannuation withdrawal.

We are seeing that young people are viewing this time as a unique time to step onto the first rung of the property ladder and really capitalising on the government grants and financial assistance. There is a lot of movement in the market. The Residential <a href="/news/everything-you-need-to-know-about-australias-25-000-homebuilder-grant-how-much-off-the-plan-homebuyers-could-save">Homebuilders Grant</a> has been extended to the end of March 2021, albeit at a reduced rate of $15,000. The grant is available to individuals with annual income below $125k a year, or couples with a combined income of up to $200k based on 2018-19 tax returns.

<a href="/guides/how-to-navigate-australias-first-home-buyer-grants" target="_blank">First Home Buyers’ Grant</a> is a Victorian state grant for property purchases up to $750k. The grant is for $10k for inner-city and $20k for regional locations. And most excitingly, First Home Buyers purchasing their first place up to $750K receive stamp duty 
concessions. If your home has a dutiable value of $600,000 or less, you receive the first home buyer duty exemption (no stamp duty payable). However, if your home has a dutiable value of $600,001 up to $750,000, then you receive the first home buyer duty concession of 50% reduction of stamp duty.

What I believe to be the most interesting thing about all of the above, is that these grants and concessions can be compounded! So, if you are eligible for them all, then you could be saving yourself many tens of thousands of dollars! If you are looking to buy in the Brunswick area, and in particular are looking at off-the-plan projects such as the one my team and I are working on at Brunswick Yard, I would also impart advice on what to look out for to ensure you are putting yourself in a good financial position for the future.

We only work on projects that we believe are positive contributions to the area and our city. I believe that Brunswick Yard is a good example of how medium-density living can add to (not deflect from) inner-urban living and the built realm, as there is an important equation of location + design - price to consider. This is something especially true if the project is considerate to its community and the people residing and working in the area.

Firstly, location is everything. Location informs the character and identity of a building. In real estate, a corner site is always preferable because of the views and aspects it provides. A corner site also anchors the look and feel of the block.

Next, do your research on the architect and the developer. If they are well regarded and have a strong track record, then you can rest assured you are in safe hands and your project won’t fall behind schedule. Looking at our Brunswick Yard project from a design perspective, the architect, Chris McCue of Carr respects the urban landscape but is looking to add more nature for residences of Brunswick through biophilic design references through the building. Brunswick Yard is wrapped in a growing green vine which provides fresh air reticulation and privacy. There’s also a central courtyard that will bring light into the residences and provide a space for residents to have BBQs and makes it much more likely for meaningful interactions to take place which over time leads to a sense of community. The <a href="/news/apartments-now-90-sold-biophilic-design-a-key-contributor-to-melbourne-quarters-sales-success">biophilia</a> hypothesis is the idea that humans have a need to connect to nature due to our evolutionary dependence on nature for survival and personal fulfilment. 

Finally, one more hot tip would be on parking as it’s a contentious topic for purchasers. This too is well considered with Brunswick Yard with generous residential parking of 144 car spaces and 175 bike parks will alleviate traffic congestion in the community. Non-stacker parking is always attractive to residents!
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Olivia Round

First Home Ownership and Brunswick Yard

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Good news has been announced for property seekers in Australia after a lengthy period of solely online research comes to a close. In-person property viewings will now be permitted as an amendment to Melbourne's <a href="/news/melbournes-level-4-covid-19-lockdown-what-you-need-to-know-0">lockdown restrictions</a>, giving buyers the freedom to partake in private one-on-one inspections. 

The new rules are effective today, however, there are still a few guidelines people must adhere to:

Time limits

Inspections will be limited to just 15 minutes.

Display viewings

Only one sales agent may be present at the viewing.

Group viewings

Those within the same bubble can view properties together, including housemates, or partner and children.

Travel distance

Exceptions will be made to the 5-kilometre radius rule, with property seekers able to travel to attend a viewing. However, you can only leave your home for a maximum of two hours and no travel to regional Victoria will be permitted. 

Last week Westpac economists also shared some <a href="/news/westpac-economists-project-significant-home-value-increase-from-late-2021">positive commentary</a> acknowledging that it would be likely that we could see a significant upturn in property values by December 2021, despite the impact COVID-19 has had on the economy. 

If you'd like to book a viewing of a display suite, now is a great time to make a booking while there are still times available. You can find all of our latest off-the-plan listings <a href="/developments">here</a>. 
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Melbourne's new COVID-19 rules mean you can start viewing properties in person again

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Recent house valuation <a href="https://www.propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/117349-westpac-s-full-circle-forecasting-15-per-cent-house-gains-post-covid?utm_source=Property+Observer+List&amp;utm_campaign=08a563a817-EMAIL_CAMPAIGN_2017_09_28_COPY_02&amp;utm_medium=email&amp;utm_term=0_a523fbfccb-08a563a817-245657905">forecasts prepared by Westpac economists</a> found that despite minor drops in Australian home prices due to COVID-19, homes were set for a positive rebound by December next year. 

The forecast projected a staggering 15% increase over two years across several Australian states. 

<blockquote>
"Apart from Victoria, where we expect prices to fall in the December quarter, we expect that in the December and March quarters in the other states, prices will be relatively stable with some upside pressure."
</blockquote>

Bill Evans, Westpac's chief economist 

The economists have also provided positive projections for Q2 of 2021, with the anticipated 10% drop in house prices being revised to 5% due to the economic resilience proven thus far. 

<blockquote>
"We are much more optimistic about the pace of price appreciation over the following two years."
</blockquote>

The news is likely to reinstate greater confidence in the market post-pandemic. With such low-interest rates and several off-the-plan projects still commencing construction, we could see an uptake in apartment sales in the coming months. 

We asked INPG Sales Director, Andrew Steele, what this meant for off-the-plan property buyers. Andrew commented that finding a property nearing completion by December next year could be a wise option.

<blockquote>
“This is great news and reflects the market more realistically that the doom and gloom stories we’ve heard over the past few months. Buyers should be buoyed by Westpac’s revised outlook and look to snap up opportunities now, especially off-the-plan properties due to be completed around the time Westpac predicts significant price growth.”
</blockquote>

Andrew Steele, INPG Sales Director

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/FA3Aaet9tEw" width="660"></iframe>
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Westpac economists project significant home value increase from late 2021

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If you're currently looking for a brand new home in Adelaide, here is a round up of some fantastic (and affordable) properties you might like to consider.

Click the renders to learn more about each property and if you have any questions or want to find out whether you're eligible for any grants or subsidies, reach out to an Urban Expert via the chat today. 

<h2>
1. <a href="/buildings/on-the-park-bowden-20-24-gibson-street-bowden">354 BOWDEN (STAGE 2)</a>
</h2>

<figure><a class="colorbox colorbox-insert-image" href="/buildings/on-the-park-bowden-20-24-gibson-street-bowden" rel="gallery-all" target="_blank" title="354 Bowden. Image supplied. "><img alt="" class="image-article-full-width-580px" height="196" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/354-bowden-stage-2-20-24-gibson-street-bowden-438e9c13ff04c896ea8ba26f693f7e7f_0.png?itok=HkWh4_BI" title="354 Bowden. Image supplied. " width="580"></a>

<figcaption>354 Bowden. Image supplied.</figcaption></figure>Bordering a beautiful parkland is the next stage of 354 Bowden, just north of Adelaide CBD. 354 Bowden homes have been designed for low maintenance living and each home features a stunning, open-plan layout. 1, 2 &amp; 3-bedroom homes are available, starting at $375 with an estimated completion of mid-2020. <a href="/buildings/on-the-park-bowden-20-24-gibson-street-bowden">Enquire here</a>. 

<h2>2. <a href="/buildings/hyde-park-place-248-unley-road-hyde-park">HYDE PARK PLACE</a></h2>

<figure><a href="/buildings/hyde-park-place-248-unley-road-hyde-park"><img alt="" class="image-article_full_width_580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/hyde-park-place-248-unley-road-hyde-park-662ca0e34b856f773aee17fb24b6113e.jpg?itok=_UV3iSt9" title="Hyde Park Place. Image supplied. " width="580"></a>

<figcaption>Hyde Park Place. Image supplied.</figcaption></figure>The latest development to be delivered by Citify, is Hyde Park Place. Apartments within this complex are already 90% sold due to high demand. Hyde Park Place also include a resort-style amenity centre called Cloud Nine, where residents can utilise the state-of-the-art gymnasium, sauna, spa and swimming pool. Construction is underway with completion slated for late 2021. 2-bedroom homes start at $575,000. <a href="/buildings/hyde-park-place-248-unley-road-hyde-park">Enquire here</a>. 

<h2>3. <a href="/buildings/penny-place-17-penny-place-adelaide">PENNY PLACE</a></h2>

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/ieBZfmQWM_4" width="660"></iframe>

Designed by the award-winning architects at Woods Bagot, Penny Place is set to become a popular new apartment development in the heart of Adelaide, with unrivalled views and intuitive floor plan layouts. Construction of the 152 apartments has now commenced, with completion expected for June 2021. Two bedroom homes are selling now from $575,000. <a href="/buildings/penny-place-17-penny-place-adelaide">Enquire here</a>.

<h2>4. <a href="/buildings/quayview-on-adelphi-22-23-adelphi-terrace-glenelg-north">QUAYVIEW ON ADELPHI</a></h2>

<figure><a href="/buildings/quayview-on-adelphi-22-23-adelphi-terrace-glenelg-north"><img alt="" class="image-article_full_width_580px" height="268" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/quayview-on-adelphi-22-23-adelphi-terrace-glenelg-north-cd6552da737a0ba82ccb4e2feaef5dd9.jpg?itok=PXfI9eA5" title="Quay on Adelphi. Image supplied. " width="580"></a>

<figcaption>Quayview on Adelphi. Image supplied.</figcaption></figure>Looking for a home with spectacular water views, stunning interior design and a fantastic location? Look no further than Quayview on Adelphi. Perfectly situated in Glenelg North, Quayview on Adelphi offers luxury coastal living from just $375,000. 1, 2 and 3-bedroom configurations are available, with completion slated for early 2022. <a href="/buildings/quayview-on-adelphi-22-23-adelphi-terrace-glenelg-north">Enquire here</a>. 

<h2>5. <a href="/buildings/east-end-adelaide-293-297-pirie-street-adelaide-sa-5000">EAST END</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/east-end-293-297-pirie-street-adelaide-29296812de655ac54b30ba636aed9417.jpg" rel="gallery-all" title="East End. Image supplied. "><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/east-end-293-297-pirie-street-adelaide-29296812de655ac54b30ba636aed9417.jpg?itok=CQYb7akW" title="East End. Image supplied. " width="580"></a>

<figcaption>East End. Image supplied.</figcaption></figure>East End apartments offer stunning panoramic vistas of Adelaide city, parklands and hills, which can be viewed from your private balcony. Each home features high end fixtures and finishes, with floor-to-ceiling glazing and stunning timber flooring. Free furniture packages are available for a limited time. 2 &amp; 3-bedroom homes are selling now and priced from $447,000. Construction is slated for completion by the end of the year. <a href="/buildings/east-end-adelaide-293-297-pirie-street-adelaide-sa-5000">Enquire here</a>.

<h2>6. <a href="/new-apartments/botaniq-95-hackney-road-hackney">BOTANIQ</a></h2>

<figure><a href="/new-apartments/botaniq-95-hackney-road-hackney" target="_blank"><img alt="" class="image-article_full_width_580px" height="365" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/botaniq-95-hackney-road-hackney-929beb0f86da28f9079acc2b6d58d9a8.png?itok=Pv15plYx" title="Botaniq. Image supplied." width="580"></a>

<figcaption>Botaniq. Image supplied.</figcaption></figure>Designed by local architecture firm JPE Design Studio, Botaniq draws cues from the site's former Hackney Hotel, preserving its grandeur and iconic facade. Within the development will be 27 apartments over three levels, two storey sky lofts, seven 3 storey townhomes off Richmond Street and 8 two storey townhomes off Bertram Street. Anticipated completion of the development is mid-2021. Botaniq homes start at just $375,000. <a href="/new-apartments/botaniq-95-hackney-road-hackney">Enquire here</a>.

<h2>7. <a href="/buildings/clover-townhomes-294-st-clair-avenue-st-clair">CLOVER TOWNHOMES</a></h2>

<figure><a href="/buildings/clover-townhomes-294-st-clair-avenue-st-clair" target="_blank"><img alt="" class="image-article_full_width_580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/clover-townhomes-294-st-clair-avenue-st-clair-7aebfd95b45e6a62d4cc4a02ad8e1729.jpg?itok=c-G_hSj5" title="Clover Townhomes. Image supplied. " width="580"></a>

<figcaption>Clover Townhomes. Image supplied.</figcaption></figure>Looking for somewhere to move to immediately? Clover Townhomes are built and move-in ready. Situated overlooking a tranquil St Clair lagoon, these homes have been thoughtfully designed for longevity and low-maintenance living. Secure your new home today with a $10,000 deposit. Only 19 3-bedroom homes available and selling now from $449,000. <a href="/buildings/clover-townhomes-294-st-clair-avenue-st-clair">Enquire here</a>.
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7 popular properties in Adelaide under $750k that are selling now

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When buying a property – be it a detached dwelling or an <a href="/developments">off-the-plan</a> apartment, it’s essential to make sure you have your legal documents drawn up correctly. Which is why getting legal advice early in the process is so important. 

Here’s what a sound off-the-plan contract should include: 

<h2>A reasonable cooling-off period</h2>

The cooling-off period affords the buyer time to change their mind. Once this period ends, the buyer is legally bound to buy the property. 

In NSW, new legal protections (which came into effect in December 2019) give buyers a 10-business day cooling-off period. This period is longer than the usual five business days for most properties. Buyers who change their mind will forfeit 0.25% of the purchase price. The cooling-off period can be waived or shortened, but only if the buyer’s lawyer or <a href="/guides/a-new-step-by-step-home-buyer-checklist-for-2020-post-covid-19">conveyancer</a> provides a certificate to prove the buyer understands the consequences of varying the cooling-off period. This helps protect the buyer from exploitation. 

Make sure the cooling-off period in your contract is reasonable and in line with the legislation in your state. If the seller asks to shorten or waive it, give this a serious consideration first and talk to your lawyer or conveyancer about whether this is a good idea. 

<h2>The disclosure of key information by the developer</h2>

Your off-the-plan contract must include <a href="/news/everything-you-need-to-know-about-australias-25-000-homebuilder-grant-how-much-off-the-plan-homebuyers-could-save">key information about the project</a> such as proposed plans and specifications, a floor plan, a detailed list of fixtures and finishes, sunset clause dates, other conditional events, and draft by-laws.

Before signing the contract, ensure you have a thorough understanding of the plans and are satisfied with the level of disclosure. Make sure you have asked questions if you’re confused about anything listed in the plans. 

Remember that developers will almost always have a right to alter their plans, within reason, to complete the project. Make sure your conveyancer reviews the contract to make sure enough information has been disclosed and that only reasonable alterations are permitted. 

<h2>The ability to withdraw or be compensated if significant alterations take place</h2>

While the contract will require the property to be constructed in accordance with what is disclosed in the contract, developers usually have the right to alter things in certain circumstances. Those changes must be delivered at the same quality and must not materially prejudice the buyer. 

To mitigate the risk of the <a href="/news/why-is-design-important-is-bigger-better-a-developer-s-perspective">developer making alterations</a> which substantially change the quality of the project and disadvantage the buyer, the contract should be very clear on warranties and inclusions. It should also give the buyer the right to withdraw and have the deposit returned to them or claim compensation. 

In NSW, for contracts entered into from 1 December 2019, vendors must notify purchasers of changes outside of what was disclosed, and which will adversely affect the use or enjoyment of the lot being purchased. Make sure you seek legal advice on the rules in your state. 

<h2>Other things to consider:</h2>

Building/apartment defects 

Other parts of the contract that require <a href="/guides">close review</a> include how defects are treated. Ideally, it will be up to the developer to remedy defects prior to settlement. Your lawyer and conveyancer should review your contract to make sure you are protected. 

Deposits

You should also have a look at the rules in your state on who holds your <a href="/expert-insights/buying/build-your-deposits-to-grow-a-large-investment-portfolio">deposit</a>. In NSW, for example, deposits are held by the stakeholder (usually the real estate agent) and that money cannot be released to the developer before settlement. That protects the buyer in the event the developer becomes insolvent. 

Sunset clauses 

A <a href="/guides">sunset clause</a> provides a deadline whereby if the property has not been completed in time then the potential buyer’s deposit is refunded, and the contract is cancelled. The problem is that the clause has been exploited by developers who were delaying completion of projects in order to cancel contracts and re-sell properties at a higher price in a rising market. 

In NSW, new legislation has been introduced which requires that developers seek the buyers’ consent before ending contracts using the sunset clause. Alternatively, the developer will need to apply to the NSW Supreme Court to justify terminating the contracts. Seek advice from your lawyer or conveyancer on the sunset clause in your contract and the rules in your state. 

For both property investors and potential new homeowners, the <a href="/guides">concept of buying off-the-plan</a> is enticing due to its affordability and flexibility compared to buying an already existing property. However, it is important that you take all these considerations into account and seek legal/conveyancing advice before you sign the contract of your future home or investment property. 

Want to learn more about off-the-plan contracts? Leave a comment below.
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vivian_48447

Sign with confidence: How to ensure you have a sound off-the-plan contract

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If you're thinking of buying a brand new <a href="/new-apartments">apartment</a> or <a href="/new-townhouses">townhouse</a>, now is a better time than ever, thanks to the <a href="/news/everything-you-need-to-know-about-australias-25-000-homebuilder-grant-how-much-off-the-plan-homebuyers-could-save">$25,000 HomeBuilder Grant</a>.

To help you with your <a href="/developments">property search</a>, we've compiled a list of projects eligible for the subsidy. 

<h2>
1. <a href="/new-townhouses/carter-place-townhomes-cnr-barwon-heads-rd-central-blvd-armstrong-creek">CARTER PLACE TOWNHOUSES</a>
</h2>

<a href="/new-townhouses/carter-place-townhomes-cnr-barwon-heads-rd-central-blvd-armstrong-creek"><img alt="" height="1250" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/carter-place-townhomes-48-central-boulevard-armstrong-creek-5cd8fc8cc5047f60feaf389e8bc4495b.jpg" width="2500"></a>

48 Central Boulevard, Armstrong Creek VIC 3217

Townhomes starting from $429,000

<h2>
2. <a href="/buildings/bonbeach-townhomes-39-broadway-bonbeach">BONBEACH TOWNHOMES</a>
</h2>

<a href="/buildings/bonbeach-townhomes-39-broadway-bonbeach"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bonbeach-townhomes-39-broadway-bonbeach-99142e4436418b5a981dc1cd6e049e45.jpg" width="1600"></a>

39 Broadway, Bonbeach VIC 3196

Townhomes starting from $740,000

<h2>
3. <a href="/new-apartments/20-24-heathmere-crescent-endeavour-hills-vic">HEATHMERE ON THE PARK</a>
</h2>

<a href="/new-apartments/20-24-heathmere-crescent-endeavour-hills-vic"><img alt="" height="1000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/heathmere-on-the-park-20-24-heathmere-crescent-endeavour-hills-d5f1e2bde9597798d3e887e70e68a3b3.jpg" width="1500"></a>

20-24 Heathmere Crescent, Endeavour Hills VIC 3802

Townhomes starting from $640,000

<h2>
4. <a href="/buildings/1025-nepean-highway-moorabbin">1025 NEPEAN HIGHWAY</a>
</h2>

<a href="/buildings/1025-nepean-highway-moorabbin"><img alt="" height="2813" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/1-6-1025-nepean-highway-moorabbin-21bb7b9ad810df7606a7334b008ea9d3.jpg" width="5000"></a>

1-6/1025 Nepean Highway, Moorabbin, VIC 3189

Townhomes starting from $695,000

<h2>
5. <a href="/buildings/101-white-street-mordialloc">101 WHITE STREET</a>
</h2>

<a href="/buildings/101-white-street-mordialloc"><img alt="" height="2325" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/101-white-street-mordialloc-a2d20d4ed511592afa453815d9ea9053.jpg" width="5000"></a>

101-103 White Street, Mordialloc, VIC 3195

Townhomes starting from $697,000

<h2>
6. <a href="/new-townhouses/addison-walk-williams-landing">LINCOLN APARTMENTS</a>
</h2>

<a href="/new-townhouses/addison-walk-williams-landing"><img alt="" height="2348" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lincoln-apartments-100-overton-road-williams-landing-20d4c1729870cf3b29f4b23f3d485a83.jpg" width="6000"></a>

100 Overton Road, Williams Landing VIC 3027

Apartments starting from $345,000

<h2>
7. <a href="/new-townhouses/st-a-1-griffiths-street-st-albans">ST A.</a>
</h2>

<a href="/new-townhouses/st-a-1-griffiths-street-st-albans"><img alt="" height="1505" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sta-10-mckechnie-street-st-albans-1a3e4f01694c7a8e343fc7b8632e1c15.jpg" width="3000"></a>

10 McKechnie Street, St Albans VIC 3021

Townhomes starting from $549,000

<h2>
8. <a href="/new-townhouses/siding-avenue-45-siding-avenue-officer">SIDING AVENUE</a>
</h2>

<a href="/new-townhouses/siding-avenue-45-siding-avenue-officer" target="_blank"><img alt="" height="889" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/siding-avenue-45-siding-avenue-officer-2b93a0da1e45cf84a2fe8eb43d08abe9.jpg" width="1600"></a>

45 Siding Avenue, Officer VIC 3809

Townhomes starting from $484,900

<h2>
9. <a href="/buildings/ramley-residence-reservoir-2-6-ramleh-road-reservoir-vic-3073">RAMLEY RESIDENCE</a>
</h2>

<a href="/buildings/ramley-residence-reservoir-2-6-ramleh-road-reservoir-vic-3073"><img alt="" height="529" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/ramley-residence-2-6-ramleh-road-reservoir-4bebb8d0adae15abccaf799a0229845c.jpg" width="1180"></a>

2-6 Ramleh Road, Reservoir VIC 3073

Townhomes starting from $689,000

<h2>
10. <a href="/buildings/annette-hill-endeavour-hills-7-annette-court-endeavour-hills-vic-3802">ANNETTE HILL</a>
</h2>

<a href="/buildings/annette-hill-endeavour-hills-7-annette-court-endeavour-hills-vic-3802"><img alt="" height="2424" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/annette-hill-7-annette-court-endeavour-hills-9393e0f8186801d25a3b009a52f25feb.jpg" width="4000"></a>

7 Annette Court, Endeavour Hills, VIC 3802

Apartments starting from $555,000

<h2>
11. <a href="/buildings/stirling-230-230-princes-highway-beaconsfield">STIRLING 230</a>
</h2>

<a href="/buildings/stirling-230-230-princes-highway-beaconsfield"><img alt="" height="1067" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/stirling-230-230-princes-highway-beaconsfield-34ce5d58f7aff9cdf7bde3f0d3ba6c8d.jpg" width="4000"></a>

230 Princes Highway, Beaconsfield, VIC 3807

Townhomes starting from $529,999

<h2>
12. THE IVY
</h2>

<img alt="" height="619" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the-ivy-corner-meander-road-and-emery-avenue-doreen-044a779721348586051f2f62a66d8fba.jpg" width="901">

Corner Meander Road and Emery Avenue, Doreen VIC 3754

Townhomes starting from $499,900

<h2>
13. <a href="/buildings/sea-sky-214-bay-road-sandringham">PAVILION GREEN</a>
</h2>

<a href="/buildings/sea-sky-214-bay-road-sandringham"><img alt="" height="1111" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pavilion-green-216-bay-road-sandringham-c0fc553fac3fd443a1bd86f5be0f8815.jpg" width="2000"></a>

216 Bay Road, Sandringham VIC 3191

Apartments starting from $576,000

<h2>
14. <a href="/buildings/salt-townhomes-85-grossmans-road-torquay">SALT TOWNHOMES</a>
</h2>

<a href="/buildings/salt-townhomes-85-grossmans-road-torquay"><img alt="" height="2000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/salt-townhomes-85-grossmans-road-torquay-c7f02c52e41ff3514e514ef866e093e3.jpeg" width="3000"></a>

85 Grossmans Road, Torquay VIC 3228

Townhomes starting from $639,000

<h2>
15. <a href="/buildings/222-torrens-road-renown-park">222 TORRENS ROAD</a>
</h2>

<a href="/buildings/222-torrens-road-renown-park"><img alt="" height="917" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/222-torrens-road-renown-park-0418ed0ea36f9eeba6015cb00baf7a74.png" width="641"></a>

222 Torrens Road, Renown Park SA 5008

Townhomes starting from $429,000

<h2>
16. <a href="/buildings/on-the-park-bowden-20-24-gibson-street-bowden">354 BOWDEN - STAGE 2</a>
</h2>

<a href="/buildings/on-the-park-bowden-20-24-gibson-street-bowden"><img alt="" height="2892" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/354-bowden-stage-2-20-24-gibson-street-bowden-e1eba2092dc2d48f8c48e2c30acce9b0.jpg" width="6745"></a>

20-24 Gibson Street, Bowden SA 5007

Apartments starting from $375,000

<h2>
17. <a href="/buildings/allure-chevron-island-1-northcliffe-terrace-surfers-paradise">ALLURE CHEVRON ISLAND</a>
</h2>

<a href="/buildings/allure-chevron-island-1-northcliffe-terrace-surfers-paradise"><img alt="" height="1406" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/allure-chevron-island-corner-burra-street-dalpura-street-chevron-island-7794740e024ec40d9fe9742bf104b1ca.jpg" width="3369"></a>

Corner Burra Street &amp; Dalpura Street, Chevron Island QLD 4217

Apartments starting from $495,950

<h2>18. <a href="/buildings/plaza-central-maroochydore-10-18-pikki-street-maroochydore">PLAZA CENTRAL MAROOCHYDORE</a></h2>

<a href="/buildings/plaza-central-maroochydore-10-18-pikki-street-maroochydore"><img alt="" height="2800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/plaza-central-maroochydore-10-18-pikki-street-maroochydore-ee0498ba5b937cfe1f662117432d732e_0.jpg" width="4200"></a>

10-18 Pikki Street, Maroochydore QLD 4558

Apartments starting from $299,000

<h2>
19. <a href="/buildings/montaine-residences-1-5-main-street-mount-annan">MONTAINE RESIDENCES</a>
</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/1-5-main-street-mount-annan-b45620f9f330c0a196b38624bc39ca00.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/1-5-main-street-mount-annan-b45620f9f330c0a196b38624bc39ca00.jpg?itok=a06ob0Tx" width="580"></a></figure>1-5 Main Street, Mount Annan NSW 2567

<h2>
20. <a href="/buildings/kew-schofields-stage-1-rose-garden-23-27-schofields-road-schofields">KEW SCHOFIELDS</a>
</h2>

<a href="/buildings/kew-schofields-stage-1-rose-garden-23-27-schofields-road-schofields"><img alt="" height="1125" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kew-schofields-23-27-schofields-road-schofields-a22ac95f9735b71a52863378df6a8e35.jpg" width="2000"></a>

23-27 Schofields Road, Schofields NSW 2762

Apartments starting from $410,000

Hurry, as there is only a limited selection of eligible homes available within each development. Request a call from a sales agent via Urban now for the opportunity to secure your dream home at a reduced price. 
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Buy now + save: 20 Urban listings eligible for the $25,000 HomeBuilder Grant

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For many developers, COVID-19 has put a spanner in the works – with buyers acting more cautiously due to the unpredictability of the market. For <a href="/developers/assemble">Assemble</a>, it's quite the opposite. With demand for their latest Kensington project rapidly increasing, Assemble's model proves that going above and beyond to deliver what buyers truly want pays off even in the toughest of times. 

We spoke with Assemble's Managing Director Kris Daff about the future of affordable housing in Australia, and the launch of Assemble's latest project 15 Thompson Street, Kensington. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-05-28_at_12.23.36_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="294" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-05-28_at_12.23.36_pm.png?itok=TlUbdjBZ" width="580"></a></figure>Urban: Congratulations on the launch of Assemble's Kensington Project! With unique features such as a lending library, woodfire pizza oven and parcel delivery with fridges, it's clear you've really thought through all the practical things people want in a home and delivered them in an innovative way. What are the features you are most proud of about 15 Thompson Street? 

Kris Daff: We’re very proud of the overall design of our latest development, 15 Thompson Street, Kensington. We have always taken a resident-led approach to design and have surveyed over 1,500 potential future residents to establish what are their actual needs, not just relying on our views on what they should have! We then fed this information into our work with our collaborators including architecture practice, Hayball, and landscape architecture practice, Oculus, to design a neighbourhood that responds directly to our future residents' needs and desires.

I love the open breezeways and vertical gardens that connect each home, along with a ground floor pocket park and the large rooftop that encourages people to get together and meet their neighbours over the barbeque, woodfire pizza oven and communal (and pet!) play facilities. This opportunity for spaces which allow for casual interactions between residents is often what is missing in many apartment developments.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-05-28_at_12.23.49_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="318" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-05-28_at_12.23.49_pm.png?itok=O6bhv49A" width="580"></a></figure> 

U: This time is pretty uncertain for the housing market in Australia – yet over the past few weeks, you've received daily applications from first home buyers, individuals and families – proving that people are in fact still buying property. What do you think is the secret to your success? 


KD: The process of buying a new property can be very stressful at the best of times, let alone during this unprecedented time, we are currently experiencing due to COVID-19. The flexibility, transparency and trust that is embedded in the Assemble Model has given people a great deal of comfort and confidence, especially for first home buyers, who want to own their own apartment but find the traditional purchasing options a real strain. The Assemble Model offers long-term rental stability for five years, with then the option to buy the apartment at an agreed price that is fixed in advance of us commencing construction. This gives our residents a total of seven years to save.

The model works to support those seeking to ultimately own their apartment in an Assemble project, with established minimum household incomes (MHI) to ensure each applicant is eligible (but not obligated) to purchase the property after they rent for the five-year period. Residents are offered free-of-charge opt-in financial coaching through construction and the lease to assist them in reaching their homeownership goal. At the of the lease period, they can choose to buy their apartment if it still suits their circumstances – many have called it the ultimate try before you buy scenario.

U: With housing security becoming a fear for many Australians in the wake of the COVID-19 pandemic, what kind of financial security does rent-with-the-option-to-buy offer property seekers?

KD: The ‘rent-with-the-option-to-buy’ development offer (the Assemble Model) negates the need for prohibitive up-front cash deposits by offering residents with a stable rental, ample time to enjoy their well-designed home, all while working towards a savings goal. We are promoting homeownership and creating an environment where they are encouraged to improve their financial wellbeing.

Once their five-year lease period is up, residents can then decide if it is the right financial and lifestyle choice before buying into the project. They have the flexibility to not exercise their option to purchase their apartment if it no longer suits them, without being financially penalised.

U: For people who are currently experiencing employment uncertainty but can still make rent payments, is there still a way for them to apply for rent-with-the-option-to-buy?

KD: Yes. Our model is aimed at supporting those with a low- to moderate-income households with a total household income from $60,000 can have the opportunity to gain a foothold on the property market – between 80-90% of Assemble Model apartments are classified as affordable for these households.

The two-year construction period and five-year rental period is designed to provide a seven-year home deposit savings timeframe – the average length of time it takes people to save for a home deposit. We also have an <a href="/expert-insights/buying/resetting-your-finances-during-covid-19-a-financial-coachs-guide">in-house financial coach, Sarah</a>, who assists residents in setting up a savings plan, so once their lease is near completion, they are in the best financial position to buy their apartment.

U: In a <a href="/expert-insights/buying/rent-with-an-option-to-buy-the-housing-model-helping-first-home-buyers-into-the-property-market">previous interview with Urban</a>, you said, "We strongly believe that everyone deserves the opportunity to access stable housing" which is so important. I'm sure there are many readers who are keen on the Assemble concept but don't live in Melbourne. Do you have plans to expand your model to other states across Australia? 

KD: Yes, we are a fast-growing business, with two <a href="/news/introducing-the-assemble-model-a-new-pathway-to-apartment-buying-and-ownership">Assemble Model projects</a> in Melbourne, including <a href="/buildings/38-albermarle-st-393-macaulay-road-kensington">393 Macaulay Road</a> and 15 Thompson Street in Kensington, and other sites soon to be announced.

We are also expanding in affordable Build to Rent projects and have a number of partnerships in place to develop more affordable apartments and community housing. We are actively looking at site opportunities interstate including Sydney and Brisbane – watch this space!

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-05-28_at_12.24.21_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="319" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-05-28_at_12.24.21_pm.png?itok=Tk2PKhdc" width="580"></a></figure> 

U: How do you think COVID-19 has impacted the future of housing in Australia? What changes do you foresee the industry making in response to the current situation? 


KD: This time has illustrated how important it is to create homes that foster connected communities.

COVID-19 has seen us retreat to our homes. It is important to have access to good natural light and ventilation, and ample space and flexibility. Having the ability to get outside and enjoy fresh air has also been vital so gardens and outdoor play spaces will be a non-negotiable for people seeking their next property move. Quality, well-designed housing should be accessible to all, and that is the driver of all Assemble developments.

U: And finally, what would your ideal neighbourhood look like and why?

KD: My ideal neighbourhood is one which provides housing designed for people, not investors and that is free of any anxiety around the residents’ housing future. As a result of that certainty, a neighbourhood that fosters a sense of inclusion and participation.
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Assemble's Kris Daff discusses 'rent-with-the-option-to-buy' and the future of housing in Australia

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The adverse impact of the <a href="/expert-insights/buying/changes-the-real-estate-industry-will-experience-as-a-result-of-the-coronavirus">COVID-19 pandemic</a> on Australian industries has been a widely circulated narrative for the past two months with many speculating a ‘new normal’ is on the horizon. As we navigate through these uncertain times, the property industry, in particular, has demonstrated its ability to quickly adapt to changing circumstances and consumer behaviour.

It is a responsibility that falls on us, as property <a href="/developers/icd-property">developers</a>, to aid the industry in any way we can and despite an overall unfavourable impact, COVID-19 has perhaps been the catalyst to expedite changes that were forthcoming.

<h2>Adapting to new buyer behaviour</h2>

New regulations in regards to <a href="/guides/covid-19-is-it-possible-to-practise-social-distancing-at-home-absolutely">social distancing</a> have resulted in developers swiftly shifting their regular customer service and sales offering to private appointment only. As a result, this has led to fewer enquiries but the enquiries that have come in are much more qualified and serious.

This is due to the fact that by the time these individuals have stepped into our sales centres or display suites to meet with an agent, they have most likely already visited our website, read the brochure, and looked up the project in the news. By doing this, they have essentially pre-qualified themselves so by the time they reach their private appointment, they have a clear understanding of the project and a list of specific <a href="/guides">questions to ask</a>. 
  
With a large proportion of the population in self-isolation, the industry has also witnessed a spike in online visitation to resources such as <a href="/">Apartments.com.au</a>, with project websites and social media channels also growing in popularity.

We’ve also seen a greater demand for project brochures, floor plans and price lists to be made available online for purchasers to browse from the convenience and comfort of their homes. Similarly, many projects are looking to have showroom videos and 3D virtual tours of apartments created to upload online. This level of convenience has even stemmed to e-contracts, as individuals refrain from in-person interactions.

<h2>
Shaping the future of the property market  </h2>

This technology has been available for a number of years but the uptake wasn’t there. The way agents and businesses have operated has been largely dictated by the way consumers behave and now that this behaviour has pivoted, a new way of operating is being explored. Prior to social distancing and new regulations, we continued to do what we had always done because it seemed to work but now we’re exploring how to be more efficient. The changes we’re currently witnessing would have come eventually but COVID-19 has inadvertently caused us to adopt them sooner; it has made us reflect on whether the way we do business is the smartest way. This isn’t exclusive to the property industry, with many industries forced to reconsider their ways of working. 

Take for example telemedicine - Australia has been slow to adopt this practice but amidst a pandemic, everything went digital. Why would we ever go back to in-person consultants for a script refill when it can be done online?

Only time will tell whether these changes will be short-lived or if as a collective, we will put a greater emphasis on technology and efficiency. But for the time being, the most important thing we can do is to support Australians and local businesses. Within our own business, we are working hand in hand to navigate this tough market with our partners and consultants. 

By remaining involved in advocacy groups such as the <a href="https://www.propertycouncil.com.au/">Property Council of Australia</a> and the UDIA, we can safely keep construction sites open to stimulate the economy and keep Australians in jobs, while ensuring <a href="/developments">developments</a> are progressing healthily through planning and construction. It is times like these you need to remain agile when the going gets tough - it will only make us stronger on the other side.
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