The creation of Surry Hills Village, the new mixed-use residential and retail precinct at the end of Crown Street, has been an eight-year journey for developer TOGA.

The recently completed building, rising on the border of two of Sydney's most popular and trendy suburbs, replaced the former shopping centre that was locally referred to as "murder mall".

Gone is the graffiti and upside down shopping trolleys, and in its place stands one of the newest developments Surry Hills has seen in decades.

I recently caught up with TOGA's Executive General Manager of Sales, Anthony Falas, to talk about the development.

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"Our vision was to bring something new and fresh to the area," Falas said, something which TOGA has certainly delivered on.

<a href="https://www.urban.com.au/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a>, a striking building by architecture firm SJB, comprises a mix of 122 apartments and The Eve Hotel Sydney hotel&nbsp;that will open its doors in late 2024.

[smartcode_project:default project_id=9302 project_image_fid=306336]

While being located in arguably the most convenient spot in Surry Hills given Crown Street's status as the go-to street in Sydney for hospitality, TOGA has also created Wunderlich Lane, a retail and hospitality precinct that is home to a series of hand-picked retailers, restaurants, and food purveyors which will create a vibrant local destination for the new residents and the broader community.

Most of the venues in Wunderlich Lane are approaching completion and will be welcoming patrons in December, with the rest of the precinct completing in early 2025. Wunderlich Lane will be home to 25 restaurants and all-day dining, bars, beauty, wellness, boutique retail by some of the city’s best operators, event spaces, fresh food village-style market, and creative office spaces.

Coles, Vintage Cellars, Harris Farm, QMan Barber, Blooms The Chemist and Beyond Eyecare have now opened, and they will soon be joined by Lumi Dining Group, House Made Hospitality and Olympus Dining (by the Apollo Group).

[smartcode_project:default project_id=9302 project_image_fid=306321]

The understanding of the opportunity from locals in particular resulted in the majority of buyers coming from a three-kilometre radius of the development. There have however been purchases from downsizers from the suburbs who wanted to come in and live the vibrant Surry Hills/Redfern lifestyle.

TOGA purposefully created large apartments, knowing the majority of buyers would be owner-occupiers. The two-bedroom apartments, of which a handful remain, average around 85 sqm.

[smartcode_project:default project_id=9302 project_image_fid=306329]

There are just 17 two and three-bedroom apartments and townhouses remaining, including the last remaining penthouse which was designed by SJB Director Adam Haddow who was influenced by his own penthouse apartment in Redfern.

TOGA, an integrated developer with a track record dating back to the early 1960s, built Surry Hills Village through its in-house construction arm.

[smartcode_project_cta:default project_id=9302]

"Our vision was to bring something new and fresh to the area," TOGA's Executive General Manager, Anthony Falas, said

Michael Bird

The eight-year vision comes to life: Inside Surry Hills Village

TOGA's new apartment development, <a href="https://www.urban.com.au/new-apartments/the-kensington-137-151-anzac-parade-kensington">The Kensington</a>, is one of the most connected apartment developments the longstanding developer has produced in Sydney.

That's the view of Anthony Falas, who has spent the best part of a decade with TOGA across several developments in the company's long 61-year history.

The Kensington, 142 apartments currently under construction by 4.5 Star iCIRT rated builder DASCO, is located directly right outside a light rail stop, and is a short walk to the Prince of Wales Hospital and health precinct, the University of New South Wales, and Centennial Park.

I recently caught up with Anthony Falas to find out more about <a href="https://www.urban.com.au/new-apartments/the-kensington-137-151-anzac-parade-kensington">The Kensington</a>.

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Falas says given the location, The Kensington is ideally located for both investors and owner-occupiers.

"We're getting a lot of nurses and doctors because of the health precinct, and parents purchasing for their children who are students, both local and overseas," Falas says.

[smartcode_project:default project_id=110959 project_image_fid=307646]

While TOGA tends to build its own developments, given their new development portfolio that includes Macquarie Rise in Macquarie Park, Surry Hills Village, and a several large commercial and hospitality projects, they've brought DASCO in to deliver The Kensington.

“It’s a win-win for the customer,” Falas said, highlighting the added assurance that both TOGA and DASCO hold iCIRT ratings.&nbsp;This certification from Equifax is increasingly recognised as a quality benchmark in the property development industry.

The apartments at The Kensington will sit above seven retail spaces, something that TOGA always incorporates into its developments.

[smartcode_project:default project_id=110959 project_image_fid=307645]

There are a variety of floorplans on offer at The Kensington, a mix of one, two, and three-bedroom apartments that will cater to a wide variety of buyers.

The Kensington also offers several SOHO apartments which combine commercial and residential with dual-entry access to essentially run a business from home.

Cranes are on site and early site works have commenced. Construction of The Kensington is set to conclude in 2026.

[smartcode_project_cta:default project_id=110959]

Anthony Falas says given the location, The Kensington is ideally located for both investors and owner-occupiers

Among the most well-connected apartment developments TOGA has produced: Inside The Kensington

There's a reason apartment developer TOGA is set to soar past delivering over 1,000 apartments in Macquarie Park.

<a href="https://www.urban.com.au/developers/toga-group">TOGA</a> Executive General Manager, Tony Falas, says <a href="https://www.urban.com.au/developments/macquarie-park-nsw-2113">the suburb</a> is incredibly well connected, with the shopping centre acting as the focal point as well as the university, hospitals, and public transport links to wider Sydney.

TOGA's latest development in Macquarie Park, following on from its successful Macquarie Central, Macquarie Green, and One Twenty Macquarie developments, is Macquarie Rise, three towers with 268 apartments above retail and commercial spaces.

I recently caught up with Tony to find out more about <a href="https://www.urban.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park">Macquarie Rise</a>.

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Falas said they have&nbsp;focused particularly on the amenity at Macquarie Rise, as well as the quality of the finish, which they believe is the best quality in the area in the market at the moment.

"We have looked at the competition and we wanted to position oursevles at the top as far as quality is concerned, and that's been vindicated by the buyers that are coming through."

Residents will have access to a suite of amenities including a heated pool, gym, a resident lounge, karaoke room, and a bookable dining room.

[smartcode_project:default project_id=89243 project_image_fid=310789]

There has been a mix of first home buyers and downsizers in the development that offers one, two, three and four-bedroom apartments.

Several of the larger apartments have been cleverly designed to offer multifunctional rooms that have sliding panels rather than traditional doors, adaptable for various uses like study or guest rooms.

[smartcode_project:default project_id=89243 project_image_fid=242700]

TOGA, one of few developers to be rated a Gold Star by Equifax, has started construction on site at 122 Herring Road, a site which Falas says is difficult to replicate given it's at the top of the hill.

Construction has started an is slated for completion in mid-2027

[smartcode_project_cta:default project_id=89243]

Why TOGA likes to develop in Macquarie Park: Inside Macquarie Rise

The largest mixed-use urban development Perth has ever seen is underway in Burswood, with developer Golden Sedayu recently launching their 10-year masterplan, Burswood Point.

<a href="https://www.urban.com.au/new-apartments/burswood-point-saintly-entrance-burswood">Burswood Point</a> will see the 38-hectares around the Belmont Racecourse redeveloped to home 4,500 new dwellings, including apartments and riverfront homes, as well as a full retail and commercial precinct with restaurants,&nbsp;markets, riverside parks, shopping centers, and luxury hotels.

With everything going on at Burswood Point, I caught up with&nbsp;<a href="https://www.urban.com.au/developers/golden-sedayu">Golden Sedayu</a>&nbsp;Sales Director, David Dragun, to talk in-depth about Burswood Point and the vision.

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Dragun said that the team has worked closely with the local council and government to bring this huge project to life. With the country in a bit of a housing crunch, having a development this big is a huge plus for Perth.

The first stage, Somerset West, has already seen strong interest on the 95 one, two, three and four-bedroom apartments released.

[smartcode_project:default project_id=142314 project_image_fid=228355]

The three-level green title homes include luxury features such as elevators, making them particularly appealing to downsizers seeking long-term living solutions.

Residents will also have access to a range of amenities, including a 25-meter lap infinity pool, gym, sauna, and residents' dining areas.&nbsp;

The project’s scale helps keep strata fees manageable, ensuring affordability while offering high-end facilities. Additionally, the development will feature a mix of retail and commercial spaces, including a café and grocery.

[smartcode_project:default project_id=142314 project_image_fid=263304]

Dragun emphasised the project's appeal to both local and international buyers, with interest coming from across Australia, particularly from the East Coast.&nbsp;

The proximity to key entertainment hubs, the airport, universities, and the city makes Burswood Point a prime location for those seeking a balanced lifestyle.

Perth continues to lead the market in capital growth and projects like Burswood Point are expected to see substantial value increases over time.&nbsp;

[smartcode_project_cta:default project_id=142314]

The first stage, Somerset West, has already seen strong interest on the 95 one, two, three and four-bedroom apartments released

An insight into Burswood Point, Perth's biggest ever housing project: Five minutes with David Dragun from Golden Sedayu

In a significant policy move aimed at stimulating the property market, the Victorian government has announced a major reduction in stamp duty for off-the-plan apartments, units, and townhouses.

Effective from October 21, 2024, the expanded concessions will apply to all eligible off-the-plan purchases and will remain in place for one year.

This initiative, designed to address the state’s housing affordability crisis, opens a window of opportunity for prospective buyers, particularly investors and owner-occupiers, to secure substantial stamp duty savings.

Key Changes to Stamp Duty Concessions

Previously, stamp duty on off-the-plan purchases was calculated based on the total price of the property, including the construction value. Under the new scheme, stamp duty will be calculated solely on the land value before construction begins. This shift in policy significantly reduces the financial burden for buyers, particularly in metropolitan areas where property prices continue to rise.

For example, a Victorian purchasing an off-the-plan apartment valued at $620,000, with the land component valued at $77,500, will now pay just $4,000 in stamp duty—down from $32,000. This $28,000 saving represents a significant reduction in upfront costs for property buyers, potentially unlocking the market for a wider demographic.

The changes also eliminate the previous cap on concessions, expanding eligibility beyond first-home buyers to include any purchaser of off-the-plan apartments, units, or townhouses within a strata subdivision.

<a data-entity-type="file" data-entity-uuid="69bb2163-758b-4133-85ae-a669cf3061bb" href="https://www.urban.com.au/developments/melbourne-vic"><img alt="Search New &amp; Off-the-Plan Property across Victoria" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-21%20at%208.49.26%20am.png?VersionId=tO1ATB0FSWLbOgFkHuqwpy6iUKclkflP" /></a>

Who Benefits from the Scheme

The new stamp duty concessions are aimed at boosting sales in Victoria’s off-the-plan sector, which has been slowing due to high taxes and market uncertainty. The scheme covers properties that are part of a strata subdivision. However, it excludes house and land packages or dwellings not part of a strata subdivision.

Existing concessions for first home buyers remain unchanged. Homes valued up to $600,000 will continue to benefit from full stamp duty exemptions, and concessions apply to properties valued up to $750,000.

A Limited-Time Opportunity for Buyers

The stamp duty concession is a time-sensitive initiative, with the expanded benefits available only until October 21, 2025. Buyers who are considering entering the market are urged to act promptly to take advantage of the scheme, as the concession will revert to its previous structure after this period.

For developments currently under construction, buyers are also eligible for reduced stamp duty, although the exact savings will depend on how much of the construction has been completed at the time of purchase.

Impact on the Market

The Victorian property industry has long advocated for a reduction in stamp duty, arguing that the high upfront cost has acted as a deterrent for both buyers and developers. By lowering these barriers, the government aims to revitalise the market, particularly in Melbourne, where apartment supply has struggled to keep pace with demand.

The concessions are expected to have a positive ripple effect on the rental market as well, as more off-the-plan properties come online. Developers will benefit from increased pre-sale success, helping them to meet financing requirements and commence construction sooner.

What Buyers Need to Know

For those interested in purchasing an off-the-plan property, the expanded stamp duty concessions represent a rare financial advantage. The Victorian government's removal of the concession cap makes this offer more widely available than previous schemes, opening the door for both investors and owner-occupiers to secure valuable savings.

Urban.com.au will continue to provide updates on off-the-plan developments and related policy changes. Buyers interested in learning more about the stamp duty reduction can explore our latest listings or contact us for further insights into how this change could benefit them.

Summary of Eligibility:

<ul>
	<li>Applies to off-the-plan apartments, units, and townhouses within a strata subdivision.</li>
	<li>Stamp duty calculated based on land value, not total property price.</li>
	<li>Available for one year, ending October 21, 2025.</li>
	<li>No cap on eligibility; open to all buyers, not just first-home purchasers.</li>
	<li>With the Victorian government’s stamp duty concession, now is an ideal time for property buyers to enter the market while this limited offer remains available.</li>
</ul>

Victorian government's stamp duty cuts on off-the-plan apartments, units, and townhouses offer significant savings for property buyers. Learn more about eligibility, how to benefit, and why now is the prime time to buy with these expanded concessions.

VIC Government slashes stamp duty for off-the-plan property buyers - savings available immediately, Oct 2024

Three years ago, credit reporting giant Equifax identified a need to provide transparency to the development market in Australia.

In 2022 they launched iCIRT, a voluntary rating tool in which developers, builders and construction consultants all over Australia could apply to become a credited iCIRT rated company.

Since then the likes of Sekisui House, Stockland and Deicorp have all become an iCIRT rated developers.

We recently caught up with Brad Walters, Head of Product and Rating Services at Equifax, to talk more about iCIRT.

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<h2>What is iCIRT?</h2>

iCIRT stands for the&nbsp;Independent Construction Industry Rating Tool.

iCIRT ratings were developed in consultation with the government, regulators, industry and market associations to help purchasers find trusted residential building professionals.

<h2>How does it help buyers?</h2>

"iCIRT was designed to support and improve transparency and to provide buyers and investors with independent information that they can turn to that could give them confidence," Walters says.

The iCIRT rating system is voluntary for any developer, builder or construction consultant&nbsp;in Australia.&nbsp;

The process of becoming iCIRT-rated involves Equifax undertaking a detailed assessment of the company, from previous developments and experience to financial records and company structure.

Following the assessment, Equifax provide an iCIRT rating for the company between zero to five stars - the more starts, the more confidence in the developer.

A 3-gold star rating or higher indicates a trustworthy business with a demonstrated ability to honour its commitments and fix defects.

<h2>How do I find iCIRT-rated businesses?</h2>

iCIRT has a register&nbsp;<a href="https://www.urban.com.au/news/nsw/how-icirt-is-changing-the-off-the-plan-industry-for-the-better-the-sydney-developers-to-first-secure-the-accreditation">of all property professionals</a>, including developers and builders, who are iCIRT rated.

Some 130 companies now have an iCIRT rating.

How iCIRT is helping build confidence in the off the plan apartment market

Brisbane developer <a href="https://www.urban.com.au/developers/dusk-group">Dusk Group</a>&nbsp;made a point to start construction on its latest townhouse development, Aurora on Depper in St Lucia, before taking it to market.

They commissioned&nbsp;<a href="https://www.urban.com.au/builders/akam-constructions">AKAM Constructions</a>&nbsp;to handle the build of the eight townhouses at 68-72 Depper Street that fills the need for a dwelling type in <a href="https://www.urban.com.au/developments/st-lucia-qld-4067">St Lucia</a> between apartments and standalone houses.

Urban.com.au CEO Mike Bird recently sat down with Huw Feeney, Director at Dusk Group, to talk about <a href="https://www.urban.com.au/new-townhouses/aurora-on-depper-st-lucia-68-72-depper-street-st-lucia">Aurora on Depper</a>.

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Aurora on Depper aims to provide a more diverse range of housing options in this sought-after area by introducing eight three and four-bedroom townhouses, each designed with multi-purpose rooms that offer flexibility for use as a home office, additional bedroom, or second living area.&nbsp;

The townhouses are spread across three levels and are expected to appeal to a range of buyers, including downsizers, young families, and those with children attending the nearby University of Queensland.

[smartcode_project:default project_id=145923 project_image_fid=287621]

The project is designed by <a href="https://www.urban.com.au/architects/elevate-design-studio">Elevate Design Studio</a>, known for its work on residential developments that meet the needs of modern living.&nbsp;

Each townhouse will feature a two-car garage, kitchens with zero silica benchtops and butler's pantries, and hybrid timber flooring throughout the living areas. The inclusion of these features reflects a focus on both functionality and contemporary design.

Aurora is just 300 metres from the City Cat and major bus networks.

The project, which recently broke ground, is expected to be completed by mid-2025.&nbsp;

[smartcode_project_cta:default project_id=145923]

Urban.com.au CEO Mike Bird recently sat down with Huw Feeney, Director at Dusk Group, to talk about Aurora on Depper.

Everything a buyer needs to know about Aurora on Depper, St Lucia townhouses

Duke Apartments is bringing an apartment type rarely seen in the Collingwood market.

<a href="https://www.urban.com.au/new-apartments/duke-apartments-collingwood-93-wellington-street-collingwood">Duke Apartments</a>, located at 93 Wellington Street, offers just nine whole-floor apartments, providing floor plans that will suit the downsizer who wants to be centrally located near the action.

In the latest episode of Market Insights, Urban.com.au CEO Mike Bird sits down with David Lamond, founder of <a href="https://www.urban.com.au/project-marketer/noorden">Noorden Real Estate</a>, to discuss&nbsp;<a href="https://www.urban.com.au/new-apartments/duke-apartments-collingwood-93-wellington-street-collingwood">Duke Apartments</a>.

[smartcode_project:default project_id=5366 project_image_fid=61085]

Lamond emphasises the appeal of the Duke's design, particularly for those who value privacy and lower operating costs.

Unlike many developments that feature extensive amenities like gyms and pools, Duke focuses solely on the apartments themselves, keeping body corporate fees manageable and suiting buyers who don't want a full suite of integrated amenity, or those who are treating the apartment as lock up and leave due to wanting to travel.

The Duke's design is a passion project for the architects at <a href="https://www.urban.com.au/architects/dp-toscano">DP Toscano</a>, who are also the developers.

Located just around the corner from their Collingwood office, Lamond says Duke is a project that is close to their hearts.

The apartments are designed to blend the raw, industrial feel of <a href="https://www.urban.com.au/developments/collingwood-vic-3066">Collingwood</a> with high-end luxury, featuring concrete ceilings, generous living spaces, and floor-to-ceiling windows that flood the interiors with natural light.

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Each apartment offers three bedrooms, two bathrooms, and a private lift that opens directly into the residence, emphasising the project's commitment to security and exclusivity.

Duke has already attracted significant interest, with four of the nine apartments sold. The buyers include both local downsizers and Australians living abroad who are looking for a Melbourne base.

Construction by Hamilton Marino is well underway, with completion expected by November, just in time for the new owners to move in before Christmas.

[smartcode_project_cta:default project_id=5366]

Construction of Duke apartments is well underway, with completion expected by November, just in time for the new owners to move in before Christmas

What a buyer needs to know about Collingwood's Duke Apartments: Five minutes with Noorden's Dave Lammond

Development Victoria is bringing some much-needed affordable supply to Melbourne's booming western corridor, a growing area where the suburb of Sunshine is the focal point.

<a href="https://www.urban.com.au/developers/development-victoria">Development Victoria</a>&nbsp;is currently developing LUMA in <a href="https://www.urban.com.au/developments/sunshine-north-vic-3020">Sunshine North</a>, a masterplanned townhouse community near Sunshine Station.

Stage one of the community is also sold out and under construction, while stage two construction is soon to kick off under the same builder, SAW Construction.

[smartcode_project:default project_id=27783 project_image_fid=286483]

Development Victoria is offering a wide variety of townhouses, a mix of configurations from one through to four bedrooms.

With everything going on at <a href="https://www.urban.com.au/new-townhouses/luma-sunshine-north-247-st-albans-road-sunshine-north">LUMA</a>, we sat down with Development Victoria's Development Director, Tyson Burkett, to talk about the development.

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Burkett emphasises <a href="https://www.urban.com.au/new-townhouses/luma-sunshine-north-247-st-albans-road-sunshine-north">LUMA</a>'s focus on sustainability, showcasing its seven-star energy-rated homes equipped with solar panels and electric vehicle (EV) charging stations. These features not only reduce environmental impact but also lower ongoing costs for homeowners, making sustainable living accessible and practical.

[smartcode_project:default project_id=27783 project_image_fid=96896]

Future plans for the site include a pedestrian and vehicle bridge over Stony Creek via Metherall Street, providing a link between LUMA and the existing community, and new commercial and retail precincts featuring a mix of retail outlets such as supermarkets and specialty stores to support the everyday needs of local residents.

<a href="https://www.urban.com.au/builders/saw-construction">SAW Construction</a>&nbsp;is currently building stage one of LUMA, with those townhomes expected to be ready for occupancy early next year.

[smartcode_project_cta:default project_id=27783]

With everything going on at LUMA, we sat down with Development Victoria's Development Director, Tyson Burkett, to talk about the development

Everything a buyer needs to know about Development Victoria's LUMA, Sunshine North townhouse development

Developer Siera Group has quickly established itself as one of the busier apartment developers on the Gold Coast in recent years.

Having launched Tapestry on Chevron Island 18 months ago, Siera has since progressed quickly on two more developments, Pipis on the Bilinga beachfront, and a soon to be launched project on <a href="https://www.urban.com.au/new-apartments/8-enderley-avenue-surfers-paradise">Enderley Avenue</a>, just off Northcliffe Beach in <a href="https://www.urban.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

With everything going on at <a href="https://www.urban.com.au/developers/siera-property-group?referrer=Siera%20Property%20Group">Siera Group</a>, we catch up with Siera Group's Founder and Managing Director, Brent Thompson, to talk about what they're up to.

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With everything going on at Siera Group, we catch up with Siera Group's Founder and Managing Director, Brent Thompson, to talk about what they're up to

Mike Bird

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