<p>A new chapter in Sydney’s urban renewal story begins today as NSW Premier Chris Minns officially turns the sod for Dawn, the fifth stage of Sekisui House Australia’s $5 billion <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> masterplanned community.</p>

<p>Developed in partnership with Hankyu Hanshin Properties and built by <a href="https://www.apartments.com.au/builders/decode">Decode</a>, <a href="https://www.apartments.com.au/new-apartments/dawn-melrose-park-bundil-boulevard-melrose-park-nsw-2114">Dawn</a> will deliver 368 parkside residences, forming part of one of NSW’s largest privately owned urban renewal projects.&nbsp;</p>

<p>The milestone marks the start of the next phase in transforming Melrose Park into a new community delivering over 5,500 homes, a mixed-use town centre, 50,000 sqm of open green spaces and several future schools.</p>

<p>[smartcode_project:default project_id=145496 project_image_fid=352993]</p>

<p>Kazunori Ito, Group CEO and Managing Director at <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>, said the milestone symbolises the company’s ongoing commitment to job creation, housing supply and sustainable community building.</p>

<p>“This moment represents more than just the start of construction," Ito said.</p>

<p>"It is about building a new urban heart for Sydney’s geographic centre. Dawn and the wider Melrose Park masterplan will generate thousands of jobs, deliver quality homes for families and help more people realise the dream of home ownership.</p>

<p>“We are proud to be supporting the NSW government’s housing targets and expanded Home Guarantee Scheme, which came into effect on 1 October. The program is already opening doors for more first home buyers at Melrose Park, many of whom are using the scheme to purchase with a five per cent deposit and no Lenders’ Mortgage Insurance.”</p>

<p>[smartcode_project:default project_id=145496 project_image_fid=334163]</p>

<p>Since its introduction, the enhanced federal government’s Home Guarantee Scheme has given first home buyers greater access to the property market. With value thresholds in New South Wales now lifted to $1.5 million, buyers can secure a new apartment in Melrose Park sooner, reducing the burden of saving a 20 per cent deposit and removing costly mortgage insurance premiums.&nbsp;</p>

<p>The Dawn precinct, designed by <a href="https://www.apartments.com.au/architects/group-gsa">Group GSA</a> embodies Sekisui House’s global “Love of Humanity” philosophy, integrating sustainability, technology and liveability into every design detail. Residents will enjoy abundant green space, energy efficient features and a direct connection to the future Parramatta Light Rail Stage 2 and Melrose Park Town Centre set to open in 2026.</p>

<p>[smartcode_project:default project_id=145496 project_image_fid=354734]</p>

<p>As part of the NSW government’s long-term commitment to the local community, work recently commenced on the new Melrose Park High School, a state-of-the-art education facility designed to accommodate more than 1,000 students. The school will be within walking distance to Dawn and will become a cornerstone of the precinct’s family friendly environment.</p>

<p>Melrose Park’s smart community vision includes EV charging stations, environmental monitoring systems with Western Sydney University and NBN node to residence connectivity. With over $216 million in planning contributions committed to local and state infrastructure, this project supports NSW’s 30-minute city goal, ensuring residents can live, work and play within easy reach of key employment and lifestyle hubs.</p>

<p>[smartcode_project:default project_id=145496 project_image_fid=334049]</p>

<p>Dawn’s contemporary residences all have secure basement parking and start at $649,000 for a one-bedroom apartment and $1.259 million for three-bedrooms.&nbsp;</p>

<p>The project will also overlook Central Park which spans nearly two hectares and features barbeque and picnic areas, children’s play zones and walking tracks ideal for active residents and pets.</p>

<p>Residents will enjoy exclusive rooftop community facilities including private rooftop gardens, beautifully landscaped podium parks and internal courtyard gardens.</p>

<p>Construction of Dawn, which is being led by regarded builder Decode, will be completed by Q1 2028, adding to Sekisui House’s pipeline of more than 9,000 homes and apartments under development across Australia.</p>

<p>[smartcode_project_cta:default project_id=145496]</p>


Staff Writer

Premier Chris Minns turns sod at Dawn Melrose Park as construction commences

<p>Southport is set for one of its tallest new apartment developments in recent years with the approval of Malua, a 32-level tower just one row back from Broadwater.</p>

<p>The <a href="https://www.apartments.com.au/new-apartments/malua-18-22-norman-street-southport-qld-4215">Norman St tower</a> will comprise 151 apartments within the Southport Priority Development Area. The three adjoining lots, totalling 1,215 sqm, are currently occupied by three two-storey buildings, one a house, and two duplexes.</p>

<p>The majority of the apartments will be two-bedders (126), with just five one-bedroom apartments and 20 three-bedrooms. There will be three basement levels, three podium levels, and a rooftop communal space with a pool, gym, private dining areas and business hub facilities.</p>

<p><img alt="Malua" data-entity-type="file" data-entity-uuid="21ab3437-de39-432c-b991-f33227b606dd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-06%20at%208.41.37%E2%80%AFAM.png?VersionId=_dOcjcvmSMyn6utzzviBVCAgDp5ZCo_N" /></p>

<p>There had been prior approval for a 14-storey building, however those plans became financially unviable.</p>

<p>“The proposed development seeks to resolve financial viability issues of the existing development approval by providing a higher density development with a more favourable unit mix and streamlined design,” the planning report submitted to the Gold Coast City Council noted.</p>

<p>Plus Studio designed the tower which "aims to contribute positively to the evolving Southport skyline, with vertical relief elements, sculpted facades, and rooftop crowning features."</p>

<p>“When stepping into the lobby from Norman Street, pedestrians and residents pass through a sculpted podium of lush green foliage in an earthy entry experience,” Plus wrote in its design report, emphasising the landscape-led approach to the podium and ground plane.</p>

<p><img alt="Malua" data-entity-type="file" data-entity-uuid="694202c2-be8f-4cde-be26-a494293058a6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-06%20at%208.42.15%E2%80%AFAM.png?VersionId=NOIFuolMkoE8vNerov63rnbFRk_TnYUy" /></p>

<p>There is renewed confidence in the development market in Southport. Buyers have jumped at the chance to buy at <a href="https://www.apartments.com.au/new-apartments/maris-southport-20-queen-street-southport-qld-4215">Maris</a>, the latest local Gold Coast development by MRCB. Over 75 per cent of the 192 apartments have been snapped up prior to launching to the market.&nbsp;</p>

<p>The last notable launch in the suburb was in late 2023 when <a href="https://www.apartments.com.au/new-apartments/eden-garden-residences-20-bauer-street-southport">Eden Garden Residences</a> hit the market. The 54 apartments, on the corner of Bauer Street and Chester Terrace, are under construction and due to complete in mid-2026.</p>


Joel Robinson

First look: Southport tower Malua to rise 32 levels in latest Gold Coast approval

<p>Woolworths Group’s development arm, <a href="https://www.apartments.com.au/developers/fabcot">Fabcot</a>, has unveiled its latest mixed-use development.</p>

<p>They are seeking to reshape a prominent site in Gladesville, on the northern edge of the town centre. They've filed a&nbsp;State Significant Development Application for the amalgamated 5,623 sqm block with street frontages to Victoria Road and Eltham Street that will see <a href="https://www.apartments.com.au/new-apartments/363-victoria-road-gladesville-nsw-2111">two buildings with 171 apartments</a> sit above an activated retail ground plane.</p>

<p>The tallest tower, at 13 storeys, will face Victoria Road and home 115 dwellings. A smaller nine-sytorey tower, stepping down to Eltham Street, will have the remaining 56 apartments.</p>

<p>The towers will rise above a podium containing a full-line 3,800 sqm Woolworths supermarket and cafe, activating along the Westminster and Eltham Street frontages.</p>

<p><img alt="Fabcot" data-entity-type="file" data-entity-uuid="da042a40-288e-41b8-becc-080f235a3717" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-06%20at%208.13.26%E2%80%AFAM.png?VersionId=n99ay71Clcy6WLP4Uajw2ph6BA61wboV" /></p>

<p>The residential offering will include 19 one-bedroom, 118 two-bedroom, and 34 three-bedroom apartments. Residents will have access to rooftop communal terraces on both buildings, as well as a podium-level garden, contributing a total of 1,411 sqm of communal open space.</p>

<p>According to the Urban Design Report by <a href="https://www.apartments.com.au/architects/clarke-hopkins-clarke">ClarkeHopkinsClarke</a>, “The massing places height and density along Victoria Road, reinforcing its role as the commercial spine, while stepping down towards neighbouring areas to ensure appropriate scale transitions.”&nbsp;</p>

<p>The design draws inspiration from the local geology and waterways, with curving tower forms and a warm, tactile material palette referencing Hawkesbury sandstone and nearby riverine landscapes.</p>

<p>The proposal also includes basement parking across three to four levels, accommodating 392 car spaces - 190 for retail and 202 for residents.</p>

<p><img alt="Fabcot" data-entity-type="file" data-entity-uuid="f1a01073-9a13-4ba7-9c14-43c84a751e26" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-06%20at%208.13.51%E2%80%AFAM.png?VersionId=KSImA_iSQiIgSRMswm7.5Sg.WRZ0fZjg" /></p>

<p>Fabcot is aiming to deliver a “landmark building with civic presence,” leveraging the prominent corner site to anchor the precinct’s urban renewal.</p>

<p>“The building’s corner location and carefully sculpted form establish it as a landmark for North Gladesville,” the Urban Design Report notes.</p>

<p>ClarkeHopkinsClarke has previously collaborated on other Woolworths mixed-use projects, and here again deploys stepped setbacks, articulation, and extensive landscaping to manage bulk and enhance street-level engagement. A colonnaded brick base provides texture and rhythm to the podium, while upper levels curve softly to maximise views and cross-ventilation.</p>

<p>The development sits within the North Gladesville Precinct, an area earmarked for transformation under Ryde’s local planning strategy. It is well-served by bus connections along Victoria Road and within proximity to community infrastructure, schools, and riverside parkland.</p>

<p>Gladesville is set for a full transformation with developer Third.i also planning a major mixed-use development in the area. They are seeking to redevelop the Gladesville Village Shopping Centre into an&nbsp;integrated precinct with more than 500 apartments, a new supermarket, and significant public domain upgrades.</p>

<p><em>Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-third-i-plots-500-unit-redevelopment-of-gladesville-village-shopping-centre">First look: Third.i plots 500-unit redevelopment of Gladesville Village Shopping Centre</a></em></p>


Fabcot reveals mixed-use plans for Gladesville town centre

<p><a href="https://www.apartments.com.au/developers/omaya">Omaya</a> has brought to market a boutique collection of completed, two-storey terraces on Telopea Avenue in <a href="https://www.apartments.com.au/developments/homebush-west-nsw-2140">Homebush West</a>, offering buyers the opportunity to move straight into brand-new homes in a connected inner-west location.</p>

<p><a href="https://www.apartments.com.au/buildings/telopea-avenue-homebush-west-24-36-telopea-avenue-homebush-west-nsw-2140">Telopea Avenue</a> comprises four-bedroom terraces with internal basement parking, designed to balance functionality with contemporary interiors.</p>

<p>[smartcode_project:default project_id=150682 project_image_fid=6085]</p>

<p>Each residence is arranged across two levels, with layouts tailored to families seeking more space or downsizers wanting low-maintenance living without compromise. Skylights and large windows maximise natural light throughout the interiors, while private terraces and balconies extend living outdoors.</p>

<p>Inside, hybrid timber flooring flows through living and bedroom spaces, complemented by built-in wardrobes with polyurethane finishes and melamine shelving.&nbsp;</p>

<p>Kitchens feature Bianco Imperial Granite benchtops and splashbacks, paired with Smeg appliances including a five-burner gas cooktop, oven, rangehood, and integrated dishwasher.&nbsp;</p>

<p>Bathrooms continue the refined detailing with porcelain tiling, granite accents, gun metal tapware, and integrated LED lighting.</p>

<p>[smartcode_project:default project_id=150682 project_image_fid=6072]</p>

<p>Landscaped surrounds create a sense of greenery within the community, while individual home designs ensure each terrace retains its own character.</p>

<p>Positioned within a quiet residential pocket, the project sits only minutes from the activity centres of Strathfield, North Strathfield, Homebush, and Lidcombe, as well as the broader lifestyle and employment precinct of Sydney Olympic Park.</p>

<p>Residents also benefit from the project’s proximity to transport and amenity. Homebush and Flemington stations provide direct rail access to the Sydney CBD, with major road connections including Parramatta Road and the M4 close by.&nbsp;</p>

<p>[smartcode_project:default project_id=150682 project_image_fid=6064]</p>

<p>Local shops, Sydney Markets, and Strathfield Plaza cater to daily needs, while the area is well-serviced by schools, childcare centres, and universities.&nbsp;</p>

<p>Nearby Sydney Olympic Park and Bicentennial Park add further lifestyle appeal, offering walking trails, sports facilities, and year-round cultural events.</p>

<p>The terraces are delivered by Omaya, a family-run Sydney developer and builder with more than 35 years of experience and over 1,000 dwellings in its pipeline.</p>

<p>[smartcode_project_cta:default project_id=150682]</p>


Omaya delivers complete and move-in ready terraces on Telopea Avenue, Homebush West

<p>Melbourne-based developer&nbsp;<a href="https://www.apartments.com.au/developers/las-group">LAS Group</a> has this month received planning approval for two adjoining sites, 101 Clarendon Street and 38 Clarke Street in Southbank, that will add around $700 million to the developer’s pipeline on completion.</p>

<p>The two sites were purchased from Crown in 2023 and occupy the same city block as the iconic Casino complex, acquired in an on-market transaction, consisting of multiple titles that were being used as warehouses and low-rise office space.</p>

<p>The resulting permits will see the delivery of two towers consisting of 52 and 25 levels, both to be designed by Fender Katsalidis.</p>

<p>LAS Group’s successful planning approvals are among only a select few new development sites in Southbank to receive a permit in the last three years, as appropriate sites become even more scarce in the popular city-side location.</p>

<p>The projects will enjoy immediate walking access to Crown Casino, South Wharf, the Aquarium, Southbank and the wider Yarra River walk precinct that features a plethora of restaurants, bars and other hospitality and entertainment offerings.</p>

<p>The Fender Katsalidis-designed towers will feature intricate brick masonry and arched windows at street level that will add character to the Southbank streetscape, with sleek towers rising above each podium.</p>

<p>The larger of the two towers, <a href="https://www.apartments.com.au/new-apartments/101-clarendon-street-southbank-vic-3006">101 Clarendon Street</a>, will have 509 apartments across a 52-level building that wuill also include a resident&nbsp;lounge, private dining room, podcast room, golf simulator, co-working spaces, pet care facilities, and an outdoor terrace.</p>

<p>That is expected to complete in 2029.</p>

<p><img alt="Clarendon" data-entity-type="file" data-entity-uuid="9d8595a7-d225-4532-86a9-d3c5ca7407d4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-05%20at%208.28.51%E2%80%AFAM.png?VersionId=quwbfnhk5Vf6yR1Qj0GQtt0EjeIsKMci" /><br />
<em>The podium at 101 Clarendon Street. Image supplied</em></p>

<p>The smaller tower at <a href="https://www.apartments.com.au/new-apartments/36-42-clarke-street-southbank-vic-3006">38 Clarke Street</a> will be around half the size at 25 levels and home 188 apartments, a pool, gym, cold plunge, and sauna. That is expected to complete in 2028.</p>

<p>&nbsp;</p>

<p>LAS Group has a long history of developing key sites across Australia, including The Fawkner on St Kilda Road and Guild Apartments in Southbank, as well as holding significant interests in retail, mixed-use and storage facilities across Australia.</p>

<p><img alt="38 Clarke" data-entity-type="file" data-entity-uuid="d871b034-d2a4-490f-b9eb-b9d4b99a04c5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-05%20at%208.28.44%E2%80%AFAM.png?VersionId=J3fWfemsLPQzXekl_h0QlsXoWFnRbfRF" /><br />
<em>38 Clarke Street, Southbank. Image supplied</em></p>

<p>LAS Group director and founder Les Smith said the planning approvals had come at a time when confidence was returning to the market and the need to deliver quality apartment stock in Melbourne’s inner suburbs was becoming critical to help ease the housing and affordability crisis.</p>

<p>“These planning approvals are the outcome of a collaborative process with multiple stakeholders and we are grateful for the involvement and support of Melbourne Water, the Department of Transport and Planning, Melbourne City Council and Property Council of Australia along the way," Smith said.</p>

<p>“We have a huge affinity for Melbourne believe the macro and micro economic factors that underpin long-term growth mean it is currently undervalued compared to other capital cities around Australia.</p>

<p>“Confidence is starting to return given the recent interest rate drops and the buoyancy in the economic climate, so we believe the time is right to bring these two new projects to market in the coming months."</p>

<p>LAS Group General Manager, Mia Smith said the design intent was to bring a sense of place to Southbank from the ground level and contribute positively to the thriving entertainment precinct, while delivering good quality, affordable stock to the market.</p>

<p>“These projects will deliver product that is affordable and accessible, while delivering a beautiful building with luxury appointments, in a wonderful location that’s next door to Crown Casino and the Southbank entertainment precinct, and on the doorstep to the CBD," Smith said.</p>

<p>“We are incredibly pleased with the designs that Fender Katsalidis have proposed and we are excited to make a positive impact to the urban design of this important pocket of Southbank with these exceptional design outcomes.”</p>


LAS Group to build 700 apartments across two towers on Crown Casino’s former Southbank sites

off the plan property

<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: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>A number of people ask - what is the settlement process when buying off the plan property?</p>

<p>The simple answer is that the process is one part of the off the plan buying journey that isn't too dissimilar to buying in the established market.</p>

<p>The major difference is the time from exchange to settlement, given the off the plan property isn't built yet. The standard settlement for established property is around six to eight weeks.</p>

<p>This however has a number of pros for off the plan buyers.</p>

<p>One of the biggest is that the price paid for the property at the time of exchange doesn't change. Even if the value of the apartment has risen during construction, buyers will still settle on their apartments at the same price agreed.</p>

<p>The settlement date will be forecasted in the contract, as to when the developer believes the building will be complete, and the certificate of occupancy is obtained. Then settlement can start to occur and buyers can move in.</p>

<p>The settlement date forecast is another pro for buyers. While this date can chop and change due to a number of reasons, least of all delays in construction, labour, and materials, it gives the buyer a ballpark future date where they need to have their finances in shape to settle.</p>

<p>By paying a deposit you lock in that price, and you might not be required to pay the rest of the deposit for two or three years, if the construction timeline is that far away. This allows buyers years to save up the rest of the money while their yet-to-be-built property potential grows in value.</p>

<p>The settlement date estimate also puts a time limit on buyers as to when they should either vacate their current rental, or put the wheels in motion to sell their current home.</p>

<p>If you're thinking of purchasing an off the plan apartment, it's a good idea to speak to a conveyancer or solicitor who can advise you on the settlement process and help ensure that everything goes smoothly.</p>


A number of people ask - what is the settlement process when buying off the plan property?

Off the plan property settlement - how does it work?

<p>Purchasing an off the plan property is a very different prospect compared to buying an established property.</p>

<p>Everything about the process is different. For starters, the property isn't even built when you agree to purchase.</p>

<p>Given the added complexity of purchasing an off the plan apartment, the contracts drawn up between developer are also more complex.</p>

<p>We've wrapped up the top seven things to look at when reviewing an off the plan contract.*</p>

<h1>1. &nbsp;What is an off the plan contract?</h1>

<p>An off the plan contract is a contract between a buyer and developer for the purchase of a property that has not yet been built. The contract sets out the terms and conditions of the sale, including the price, deposit amount, settlement date, and any special conditions that apply.</p>

<h1>2. &nbsp;Why is off the plan property popular?</h1>

<p>Off the plan property is popular because it offers buyers the opportunity to purchase a property at today's prices but settle at a later date when the property is completed. This can be advantageous for buyers as it allows them to lock in a price before construction costs increase.</p>

<h1>3. &nbsp;What should I look for in an off-the-plan contract?</h1>

<p>When reviewing an off-the-plan contract, there are several things that you should look for:</p>

<p>- The price: Make sure that you're happy with the price that has been agreed upon and that it is in line with similar properties in the area.<br />
<br />
- The deposit amount: Check that you're comfortable with the deposit amount and that it is refundable under certain conditions (e.g., if construction doesn't commence within a certain timeframe).<br />
<br />
- The settlement date: Ensure that you're aware of when settlement will take place and whether there are any conditions attached to this (e.g., construction must be completed by a certain date).<br />
<br />
- The cooling-off period: Make sure you understand your cooling-off rights and how long you have to change your mind after signing the contract.&nbsp;</p>

<h1>4. What happens if I change my mind after signing an off–the–plan contract? &nbsp;</h1>

<p>If you have signed an unconditional contract, generally speaking, you cannot change your mind about buying the property without incurring some sort of penalty e.g., losing your deposit.<br />
<br />
However, if your contract contains a waiver clause or sunset clause , then these may give you some flexibility in changing your mind without being penalised.</p>

<h1>5. What is a waiver clause?</h1>

<p>A waiver clause essentially states that if certain conditions aren’t met by a given date (usually completion of construction), then you as the buyer are released from your contractual obligations.<br />
<br />
For example, if construction isn’t completed within two years from when contracts were exchanged, then buyers may be able to walk away from their purchase without losing their deposit . &nbsp;</p>

<h1>6. What is a sunset clause?</h1>

<p>A sunset clause works in a similar way to a waiver clause in that it releases buyers from their contractual obligation if certain conditions aren’t met; however, as opposed to being linked to completion of construction, a sunset clause is usually linked to obtaining development approval from council.<br />
<br />
So, if council approval isn’t granted within 12 months from when contracts were exchanged, then buyers may be released from their purchase obligation. &nbsp;</p>

<h1>7. Will I still need to pay stamp duty on an off the plan property?</h1>

<p>In most cases, yes – even though settlement hasn’t taken place yet , stamp duty will still need to be paid at the time of exchange.<br />
<br />
However, there are some jurisdictions where payment of stamp duty may be deferred until settlement takes place e.g., Victoria and Queensland.&nbsp;</p>

<p><em>*Disclaimer - this should not constitute legal advice and you should always speak to a lawyer when executing property contracts.</em></p>


Given the added complexity of purchasing an off the plan apartment, the contracts drawn up between developer and purchaser differ greatly also compared to buying an established property.

off the plan property

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

off the plan property

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.