Kensington and Kingsford, two of Sydney's most connected inner-east suburbs, are about to become even more accessible with Randwick City Council's K2K Plan.

The K2K Plan aims to revitalize the <a href="https://www.urban.com.au/developments/kensington-nsw-2033">Kensington</a> and Kingsford Town Centres, while also enhancing bus services, creating new cycleways, and improving pedestrian infrastructure along Anzac Parade.

The plan will also introduce new public parks and upgraded retail and hospitality venues, boosting local economic activity and making these two suburbs even more desirable places to live.

Several developments are currently underway in the corridor, with Scape and Unilodge bringing student accommodation to the area bordering UNSW.

Renowned builder-developer <a href="https://www.urban.com.au/developers/toga-group">TOGA</a> is one of the few developers offering new apartments for sale. Their under-construction building, The Kensington, located opposite the Kensington Light Rail stop, will feature 142 apartments above seven new retail and hospitality spaces, just two stops from Moore Park and four stops from Central Station.

TOGA has built a strong reputation for creating well-connected communities with doorstep amenities. They recently completed Wicks Place in Marrickville, which includes four specialty shops, while their Surry Hills Village development is integrated with the thriving hospitality precinct of Wunderlich Lane and Sydney's first Eve Hotel.

[smartcode_project:default project_id=110959 project_image_fid=307652]

TOGA chose to develop in Kensington for the same reasons they chose Surry Hills and Marrickville: excellent public transport connections, doorstep amenity, and a wealth of employment opportunities, particularly in the growing health precinct in neighboring Randwick. This combination of factors, as well as significant higher education institutions nearby,&nbsp;has made <a href="https://www.urban.com.au/new-apartments/the-kensington-147-151-anzac-parade-kensington">The Kensington</a> highly appealing to a diverse range of residents including students, professionals, and young families. Investors, who are rarely seen in today’s new apartment market, have also shown interest, expecting strong rental demand.

With the current low supply of new apartment developments across Sydney, particularly in Kensington, there is a unique opportunity to secure long-term growth in a suburb that is set to continue growing in demand.

Rate changes have already sparked renewed demand in the new apartment sector, with increased confidence that further rate cuts will occur in 2025 and 2026.

The Kensington, being built by 4.5 iCIRT-rated builder DASCO, is scheduled for completion in early 2026, when the official cash rate is expected to be closer to 3.5 per cent rather than above four per cent.

[smartcode_project_cta:default project_id=110959]

Joel Robinson

The K2K Plan to transform Kensington and Anzac Parade corridor

Builder-developer giant Bathla, one of the largest construction and development companies in Western Sydney, has launched its under-construction townhouses development, <a href="https://www.urban.com.au/new-townhouses/hillview-terrace-north-kellyville-3-23-hillview-road-north-kellyville-nsw-2155">Hillview Terrace</a>&nbsp;in <a href="https://www.urban.com.au/developments/north-kellyville-nsw-2155">North Kellyville</a>.

Bathla has already kicked off the build of the 110 two, three and four-bedroom townhouses which sit in a quiet pocket of the suburb between Smalls and Cattai Creek.

<img alt="Hillview" data-entity-type="file" data-entity-uuid="935f8701-9f49-4519-8ebb-5ec6969523f4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-17%20at%201.26.50%E2%80%AFPM.png?VersionId=eAa3x7Qyp7BcFfIumewidQrEpf98qR9K" />

Bathla has nearly 30 years experience delivering homes across Western Sydney, having completed over 22,000 apartments across 58 suburbs since being founded in 1997.&nbsp;

"Hillview Terrace is a prime example of our dedication to improved excellence in residential development," said Robert Loader, Bathla CEO.

"As both the developer and builder, we ensure every stage of the process meets our high standards, from design to construction and final delivery. Buyers can have complete confidence in the quality of this project."

Hillview Terrace residences have been designed to suit both owner-occupiers and investors, with a range of floorplans and configurations not often seen in the townhouse market.

<img alt="Hillview" data-entity-type="file" data-entity-uuid="ca27bf40-cd2b-457f-8f23-d65259d3890f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-17%20at%201.26.40%E2%80%AFPM.png?VersionId=6ZVOPvKPXL7XIVmFT1fxFxF500d3xCrZ" />

Colliers has been engaged to lead the sales and marketing campaign.

"Colliers is proud to bring Hillview Terrace to market, showcasing Bathla’s ongoing commitment to delivering homes that enhance both individual lifestyles and community growth," said Luke Hayes, Colliers Project Marketing Director.

[smartcode_project_cta:default project_id=149513]

Bathla launches Hillview Crescent, North Kellyville townhouse development

The <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> has long been one of Australia’s most popular holiday destinations. It had sun, sand, surf, and Surfers Paradise, the epicentre of the action. It was lined with skyscrapers that rivalled anywhere in the southern hemisphere for height. Even today, there’s nowhere in Australia, and arguably the world, with towers of that scale so close to the sand.

Apartments were made for investors and holidaymakers who would snap them up every weekend all year round. It was an arrangement that suited everyone. But with that arrangement came a moniker. The Gold Coast became a ‘boom-bust market’. For the growth the market would see, there were equal busts.

Caitlin Rosenboom, Head of Projects for Ray White on the Gold Coast, says the Gold Coast property markets were heavily influenced by external factors it essentially couldn’t control.

“Because the Gold Coast was traditionally always a holiday destination, the type of apartment built was for that,” Rosenboom says. “But when the economy wobbled, like it has at certain points over the last few decades—such as during the GFC—the Gold Coast market was impacted more than anywhere else. The first thing to go in an economic downturn is the secondary residence, and proportionally, the Gold Coast was well skewed toward those properties.”

Rosenboom said it then became a fight to the bottom. “Once one person, whose hand was forced to sell, sold, then it reset prices in a negative way. Then there would be floods of listings and little demand, which put incredible downward pressure on pricing.”

Indeed, during the GFC, data from Ray White showed house prices across the Gold Coast region declined by around nine per cent across 2010 and 2011 combined, just a little more than the eight per cent for units. But looking more granularly, the picture was a bit different.

Since then, however, the Gold Coast has truly rid itself of its so-called boom-bust reputation. 
From the start of 2012 to the end of 2020, house values rose by over 56 per cent, showing growth in every calendar year apart from 2018, when prices contracted by just one per cent. It was the same story for units over the same period, albeit with slightly more modest 30 per cent growth, and also with a minor one per cent dip in 2012, which houses didn’t experience.

“The Gold Coast has really matured as a region over the last decade,” Rosenboom said on the property market growth.

“It became more and more attractive as a place not only to holiday but to live. Better, larger apartments were being built, alongside an increased level of infrastructure upgrades and investment.”

The Gold Coast was certainly a region on the up and up. However, uncertainty reigned once again in 2020 as the COVID-19 pandemic shut down the country, locking both international and state borders.

The fear of another economic downturn, much like the GFC, could have put the Gold Coast in a problematic position, with a lack of tourism driving the economy. In the end, it was the opposite.

The way the Queensland Government handled the pandemic was broadcast around the country. Gold Coast locals were still on the waves, enjoying coffee on the beach, and living life, while Melburnians weren’t allowed out of their houses, and Sydneysiders weren’t much better off. 
The race was on for those southern capital city dwellers to rush to the Gold Coast.

“The pandemic changed everything,” Rosenboom said. “A lot of people who lived in Sydney and Melbourne made the move for what they considered almost to be a secondment to another part of Australia. The vast majority hadn’t been to the Gold Coast before, or not since they were kids coming on holiday. When they realised how far the Gold Coast had come, no longer just a big holiday resort, most never left.”

Over the 12 months from June 2022 to June 2023, the Gold Coast gained nearly 20,000 people, accounting for 13 per cent of the migration to the whole of Queensland. The property market became one of the best-performing in the country as the demand v supply equation was heavily skewed toward the demand side. New apartment developments that came to market over 2021 and 2022 would spend less than a few weeks online before being sold out. Prices were both unrealistic and realistic at the same time.

Then came another potential bump in the road. The borders reopened, and employees had to show their face in the office, albeit just a few days a week. Would this be the start of the decline the Gold Coast property market hadn’t felt in a decade? In short, no. No, it wasn’t.

Much to the surprise of most in the property industry, growth continued. Another stellar growth cycle in 2023 and 2024 saw house prices rise by 57 per cent in the four years to December 2024, the same growth they saw in double the time up to 2024. Units boomed by 57 per cent too over the four years to the end of 2024, almost double the 30 per cent in the eight years prior.

“The Gold Coast is no longer a holiday destination but a lifestyle destination,” Rosenboom said. 
“The pandemic shone a light on everything locals already loved about the Gold Coast. We have gone from being dominated by holiday lets to an owner-occupier-driven market due to the increased infrastructure, medical facilities, industry, and employment opportunities.”

Rosenboom has seen a mix of buyers at ARC Residences, the luxury tower on Garfield Terrace, considered the best street in Surfers Paradise, given it’s the only one that faces the beach.

[smartcode_project:default project_id=111652 project_image_fid=257250]

A few Sydneysiders, locals from the northern Gold Coast suburbs like Hope Island and Helensvale, as well as a couple of overseas buyers, have all staked their claim in the building of just 37 half- and full-floor apartments with an oceanfront pool, gym with yoga room and infrared sauna, and a cinema, along with a suite of other amenities that are more common in a luxury hotel.

Rosenboom believes there’s no reason why the Gold Coast market should take a step back at all. “We’re now in an interest rate environment where they are only going down and not up, which tends to fuel further increases in price.”

All of the pent-up demand is even without taking into account the 2032 Brisbane Summer Olympics, and the G:LINK light rail extends all the way down to the airport and Coolangatta, essentially connecting the whole of the Gold Coast. If the response to the light rail is anything like Sydney’s, then values are in for one hell of a ride.

[smartcode_project:default project_id=111652 project_image_fid=257251]

Ray White Senior Economist Nerida Conisbee echoed Rosenboom’s sentiment, suggesting the economic stability the Gold Coast now has, with the shortness in supply, scarcity of land, and in particular, the rapid expansion of its population. 
 
“The influx of nearly 20,000 new residents in a single year is a testament to the Gold Coast's appeal, offering a combination of lifestyle, employment opportunities, and relative affordability compared to other major Australian cities,” Conisbee says, adding, however, that this huge increase in population is putting pressure on the housing market.

“Despite the positive outlook, the Gold Coast faces significant challenges in accommodating its projected growth. The shortage of land means that the city will need to embrace higher-density development to house its expanding population.”

“A lifestyle destination rather than a holiday destination” Why the Gold Coast is now more boom than bust

South East Queensland Developers Keylin and Kinstone Group have captured the attention of homebuyers on the northern end of the Gold Coast with their standout waterside masterplan, Lakeside Serenity 4212.

The joint venture partners had a vision for <a href="https://www.urban.com.au/new-townhouses/serenity-lakeside-villas-helensvale-6-lake-serenity-boulevard-helensvale-qld-4212">Lakeside Serenity 4212</a>, a 65-hectare masterplan on the shores of Coombabah Lake, to become one of the best waterfront communities in the Gold Coast.

[smartcode_project:default project_id=149142 project_image_fid=324627]

Since the first launch of homes in 2020, there have been consistent stage sellouts, as well as a 2023 UDIA Queensland Award for Excellence in Boutique Development.

Tony Ashwin has been selling the homes in the masterplan since its inception. He says the masterplan fills a void where there is a real scarcity of waterfront land.

“The northern suburbs of the Gold Coast are in extremely high demand,” Ashwin says, highlighting that Helensvale is central to this growth.

“It’s the only Gold Coast suburb with both heavy and light rail connections, offering residents easy access to Brisbane and the rest of the Gold Coast.”

Having sold out the Serenity Waters waterfront lots and the Serenity Green townhouse community, Keylin and Kinstone Group have now released the next stage of development.

The latest offering, Lakeside Serenity 4212 Waterfront Villas, includes just 16 exclusive, absolute waterfront villas. Each villa faces north, providing direct access to the water and a private pontoon, with the Lake Serenity lock system offering direct access to the Broadwater.

[smartcode_project:default project_id=149142 project_image_fid=324629]

Designed by MAS Architecture, the villas feature open-plan living spaces, soaring ceilings, floating staircases, and strategically placed windows that enhance the sense of space while maximizing natural light and uninterrupted lake views.

Each villa has four bedrooms, two living areas, and a double garage. The kitchens serve as the centerpiece, with premium natural stone benchtops, large island benches, butler’s pantries, and integrated Smeg appliances. The master suites feature walk-in robes, freestanding bathtubs, and private balconies overlooking the lake.

[smartcode_project:default project_id=149142 project_image_fid=324623]

Ashwin points out that the Gold Coast’s medium to low-rise market is currently undersupplied, making Lakeside Serenity 4212 Waterfront Villas particularly appealing.

“Serenity meets the demand for high-quality, medium to low-rise homes,” Ashwin says.

There has been significant interest from both local downsizers and Brisbane residents looking for a second home. They are drawn to the excellent connection to Brisbane while wanting to spend the majority of their time on the Coast.

“The link between Brisbane and Helensvale is unrivaled, and it’s a connection that no other suburb can beat,” Ashwin adds.

[smartcode_project:default project_id=149142 project_image_fid=324625]

Additionally, the upcoming Coomera Connector will improve access between the northern suburbs and Broadbeach. The Cross River Rail Project, which will add a new train station in Helensvale (just 8 kilometers from Serenity), will further improve regional accessibility.

Ashwin notes that supply in the northern Gold Coast suburbs will remain tight.

“The Queensland Government’s build program for the 2032 Brisbane Summer Olympics will limit residential supply, especially in the medium to low-rise markets,” he explains.

Lakeside Serenity 4212 is already an established community with additional developments in the pipeline including a premium, low-rise apartment offering and future retail precinct.&nbsp;

Resort Homes, one of the most reputable builders in the northern Gold Coast, has begun construction on the Lakeside Serenity 4212 Waterfront Villas and expects to complete the project in Q3 this year.

&nbsp;

High demand and limited supply in Northern Gold Coast drives buyers to Helensvale's Lakeside Serenity Villas

The Federal Government’s latest announcement of a temporary two-year ban on foreigners purchasing existing housing in Australia has led to some confusion about its impact.

Under the&nbsp;updated FIRB regulations, foreign buyers can&nbsp;still purchase off the plan properties and newly completed dwellings without being affected by the revised rules.&nbsp;

The new regulation, effective from 1 April 2025, will prevent temporary residents from purchasing established houses. This change is intended to support the creation of new housing by redirecting demand towards new apartments and houses, which will see further demand channelled towards key off-the-plan markets.&nbsp;

Colliers Managing Director, Victoria | Residential, Tim Storey, said they expect the effects of this policy change will surprise on the upside, especially for developers of new apartments in Melbourne who will now have a larger pool of buyers.

“This policy is a positive step towards addressing the housing supply issue in Australia. By encouraging the purchase of new dwellings, we are also supporting the construction industry," Storey said.

According to the latest available statistics, foreign buyers have purchased an annual average of only 1,291 established homes over the past three years, representing just 0.24 per cent of overall housing market sales. &nbsp;

Significantly, Victoria has consistently attracted the highest levels of foreign buyer activity across all categories, accounting for 45 per cent of purchases across Australia over the past three years. This trend is expected to continue, benefiting developers in the state.&nbsp;

“The updated FIRB regulations combined with the Reserve Bank of Australia’s recent announcement of a cash rate cut, which lenders have passed through, create a more favourable environment for new housing developments," Storey added.

"Developers should see this as an opportunity to meet the growing demand for new dwellings. This change ensures that the market for off-the-plan properties remains robust and continues attracting foreign investment."

FIRB regulations to drive foreign buyers to new apartment development market

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Urban Editorial

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

A number of people ask - what is the settlement process when buying off the plan property?

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.

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.

This however has a number of pros for off the plan buyers.

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.

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.

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.

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.

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.

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.

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?

Precinct-led developer Coronation Property has completed its multi-stage, multi-award winning <a href="https://www.urban.com.au/developments/merrylands-nsw-2160">Merrylands</a> precinct, <a href="https://www.urban.com.au/buildings/mason-main-merrylands-245-merrylands-road-merrylands">Mason &amp; Main</a>, injecting a fresh new look into the growing Western Sydney market.&nbsp;

Mason &amp; Main comprises two stages, the first Sydney’s largest build-to-rent development, the second the more traditional build-to-sell.&nbsp;

Due to the mix of configurations, including studio apartments which are rarely offered in today’s new apartment market, a mix of owner-occupiers, first home buyers and investors have driven Mason &amp; Main to over 70 per cent sold.

[smartcode_project:default project_id=31751 project_image_fid=257777]

All of the studio and two-bedroom apartments are priced under $800,000, allowing eligible first home buyers to avoid stamp duty under the NSW Government’s First Home Buyer Assistance scheme. The studios start from $508,000 and the two-bedroom apartments from $756,000.

A number of the apartments feature multipurpose rooms that can be used as home offices, nurseries, or additional bedrooms, catering to changing lifestyle needs.

[smartcode_project:default project_id=31751 project_image_fid=257779]

It was 2020 when <a href="https://www.urban.com.au/developers/coronation-property">Coronation Property</a> secured a prime 12,418 sqm site near Merrylands Station with the goal for the new development to be a focal point in the area’s transformation.

Coronation Property Managing Director, Joe Nahas, says Mason &amp; Main is driving a re-vitalisation of Merrylands, setting a high standard for future developments.&nbsp;&nbsp;

“Mason &amp; Main brings an incredible amount of high-quality, high-amenity homes into a community that needs new housing,” Nahas says, adding that the response from homebuyers, especially first home buyers, has been truly incredible.

“The sales reaffirm our commitment to delivering exceptional properties that transform the local areas in which we develop."

[smartcode_project:default project_id=31751 project_image_fid=257817]

Coronation brought in renowned architecture firm <a href="https://www.urban.com.au/architects/woods-bagot">Woods Bagot</a> to create something the western suburbs haven’t seen before.

“The project’s design drew inspiration from the area's rich heritage, in particular the nearby brickworks and aqueduct, infusing a contemporary perspective to seamlessly integrate historical influences into the design,” Woods Bagot Principal Dom Alvaro says.

Mason &amp; Main wasn't just about providing housing in a key growth area for Coronation; it was equally important to ensure access to top-tier facilities for both Mason &amp; Main residents and the wider community.

Mason &amp; Main residents will enjoy exclusive access to a resort-style swimming pool, complete with a pool deck, alfresco dining areas, and barbecues. Other amenities include a high-tech Technogym gym, private dining rooms, and a rooftop terrace offering stunning panoramic views of Parramatta, the Sydney CBD, and the Blue Mountains.

[smartcode_project:default project_id=31751 project_image_fid=257780]

At street level, there’s a 9,000 sqm retail and dining hub featuring over 25 retailers, with a variety of restaurants, cafes, and specialty stores, including Iftar, Macelleria, Hayat, San Churro, Yuzu, and Fat Jaks. One of the flagship venues is One Playground, a popular fitness gym offering more than 200 classes per week.

Further amenities are conveniently located just a short distance from Mason &amp; Main. Merrylands Station, just 350 meters away, provides a 40-minute commute to Sydney’s CBD, while Parramatta is only a five-minute drive. Directly across the road is Stockland Merrylands Shopping Centre, with over 200 stores.

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Mason &amp; Main apartments are move-in ready and are the latest in a series of award-winning mixed-use developments by Coronation.

&nbsp;

[smartcode_project_cta:default project_id=31751]

Coronation Property Managing Director, Joe Nahas, says Mason & Main is driving a re-vitalisation of Merrylands, setting a high standard for future developments

Coronation Property welcomes buyers to Mason & Main Merrylands as final apartments released

640 Bourke Street represents a culmination of six years of vision and development by Far East Consortium.

The journey began in 2019 when the consortium acquired the historic Eliza Tinsley building, situated on a prime 2,765 sqm site at the Spencer Street end of Bourke Street. While the landmark building, dating back to the early 1900s, will be preserved, it will be complemented by a striking glass tower designed by Rothelowman, which will seamlessly extend from the heritage structure.

[smartcode_project:default project_id=509 project_image_fid=316025]

<a href="https://www.urban.com.au/new-apartments/640-bourke-street-melbourne">640 Bourke Street</a> offers prices befitting of its address, with the one-bedroom apartments starting from $640,000. There are also two and three-bedroom apartments on offer throughout the 68-level skyscraper, designed with the owner-occupier in mind.&nbsp;

Far East Consortium sought to create larger apartments than the previous approval that came with the site purchase had proposed. That had 813 apartments, which have now been cut down to just over 600 to accomodate larger floorplans.

[smartcode_project:default project_id=509 project_image_fid=335432]

"The people who do want to be in the city want bigger apartments, and we're catering for that need,"&nbsp;Far East Consortium Executive Director Craig Williams said.

On the new design, Williams said history shows if you can put a modern sculpture piece of architecture behind a heritage building, the two complement each other.

"It's a very elegantly designed building. It's going to be a Melbourne statement for many, many years to come."

[smartcode_project:default project_id=509 project_image_fid=335420]

640 Bourke Street will also be filled with resident amenity, over 3,000 sqm of it, to elevate its residents lifestyle.

There will be everything from a pool&nbsp;inspired by Turkish hammams to a gym, an art therapy room, co-working spaces, a whisky lounge, a library, and movie theatres.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335426]

Residents will enjoy seamless access to Melbourne's renowned retail, arts, and green spaces, from Bourke Street Mall to Flagstaff Gardens.

"Bourke Street is a very proud address," Williams added.

"Whilst we may be towards the western end of the old city, we are at the centre of the new city of Melbourne."

[smartcode_project:default project_id=509 project_image_fid=335434]

640 Bourke will be&nbsp;Far East Consortium's 14th building in Melbourne. Their most recent completion was the four-tower, $2.4 billion development West Side Place, just 400 metres away on Spencer Street.

Buyers only have until October 2025 to take advantage of the VIC Government's <a href="https://www.urban.com.au/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">generous stamp duty concessions</a> announced late last year.

*Renders shown are Artist's Impressions correct as at March 2025.

[smartcode_project_cta:default project_id=509]

Far East Consortium’s new CBD apartment tower rises behind the historic Eliza Tinsley Building

Far East Consortium launches new Melbourne CBD apartment tower, 640 Bourke Street

PERIFA, the Sydney-based end-to-end property developer and part of Versatile Group, alongside investment partner Mitsubishi Estate Asia (MEA) has acquired the former Balmain Leagues Club site to develop the approved Rozelle Village.

Plans for a vibrant, mixed-use, cultural and community-focused precinct had been drawn up by Studio.SC by the former landholder Heworth Holdings.

<a href="https://www.urban.com.au/developers/perifa">PERIFA</a>&nbsp;and MEA are now accelerating the plans for the $800 million <a href="https://www.urban.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> that will comprise a mix of premium private residences and affordable housing, alongside commercial, retail, communal open spaces and a long-awaited new home for the Wests Tiger’s Leagues Club.&nbsp;

The landmark 7,330 sqm site has been derelict and closed to the community since 2010.&nbsp;

<img alt="Rozelle" data-entity-type="file" data-entity-uuid="94578c0c-ab03-43d7-b3f1-6811db8ee142" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-14%20at%209.38.07%E2%80%AFAM.png?VersionId=VVgTkMKbHQ4CrJ.LnlIMdLc9dLgHf5Fq" />

Fabrizio Perilli, Co-Founder and Managing Director,&nbsp;PERIFA, said they are&nbsp;delighted to embark on a new era for the site with their partners Mitsubishi Estate Asia.

Our shared vision for Rozelle Village is to create a mixed-use precinct that is thoughtfully designed and caters to new residents and the community alike. It will be a major meeting place for the community, that embraces the unique character of the&nbsp;Balmain/Rozelle peninsula, while helping to shape its next chapter.”

Perilli says the&nbsp;Balmain Leagues Club in Rozelle, which closed in 2010 to make way for the NSW Government Metro Transport Project, was once a hub for local families to come together and enjoy entertainment and hospitality. But for too many years the community has had to put up with a derelict site on their doorstep.

“We are proud to be delivering a precinct that will not only revitalise the area through the delivery of thriving new public spaces, high-quality apartments, well-considered retail and community facilities, but offer a considerable contribution to Sydney’s chronic lack of housing."

<img alt="Rozelle" data-entity-type="file" data-entity-uuid="78d2865b-f51c-4ddb-9d07-f36faad3821d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-14%20at%209.38.14%E2%80%AFAM.png?VersionId=dA3TvvX.W9P.97H9EmQIyO2pqGuq2QMy" />

Rozelle Village has been designed by local architecture practice&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://links.erelease.com.au/ls/click?upn%3Du001.3t36lx-2BFsAkcova-2BGjLdR03OF6qltDnHC2BtXDz5mWGBp2823XX6k0idceIRwLs4b12AQ9y-2Bm3j30fMmRLSTXWSjWTFwRXnMT9z9tST4OEQWF3yuklQggSquWneU2m1oUUd56K9i76Tb6vE7nF03m8a2tDWd7gbd5gHylWayuIk-2Fj0J8JzsOMhDS7gF-2BZkIIzWMaXfpLkD4L-2B9VCMKLILA-3D-3D7P5Q_RgrM7qq-2BfK-2FtAHeRBLv5Qrbff1fmn9Maxd-2F-2BneoCQIgUH4WFhJ3DbcM3T9vUA-2FVcGfhT4ZkZ8ac1Sr0rGd4JYcExoqa29lgcDpt8YhwiW2PVHMF5TGuMDGFnmFYbVvM0RrbCI6UGX5KF1RHwxuS3bvbpTWBA6uAgz1pG0XFiVRcSEOZs5gu84UyN5bG04E-2BkQf3QaR7xAvVOQHi5bO2-2B6oF5ffGeuds7M5Cakz-2Fi7OU-3D&amp;source=gmail&amp;ust=1741902496325000&amp;usg=AOvVaw08BkcGsZFqGQSyuSFhDqWn" href="https://links.erelease.com.au/ls/click?upn=u001.3t36lx-2BFsAkcova-2BGjLdR03OF6qltDnHC2BtXDz5mWGBp2823XX6k0idceIRwLs4b12AQ9y-2Bm3j30fMmRLSTXWSjWTFwRXnMT9z9tST4OEQWF3yuklQggSquWneU2m1oUUd56K9i76Tb6vE7nF03m8a2tDWd7gbd5gHylWayuIk-2Fj0J8JzsOMhDS7gF-2BZkIIzWMaXfpLkD4L-2B9VCMKLILA-3D-3D7P5Q_RgrM7qq-2BfK-2FtAHeRBLv5Qrbff1fmn9Maxd-2F-2BneoCQIgUH4WFhJ3DbcM3T9vUA-2FVcGfhT4ZkZ8ac1Sr0rGd4JYcExoqa29lgcDpt8YhwiW2PVHMF5TGuMDGFnmFYbVvM0RrbCI6UGX5KF1RHwxuS3bvbpTWBA6uAgz1pG0XFiVRcSEOZs5gu84UyN5bG04E-2BkQf3QaR7xAvVOQHi5bO2-2B6oF5ffGeuds7M5Cakz-2Fi7OU-3D" target="_blank">Studio.SC</a>, formerly Scott Carver, with interiors by SJB and landscaping by Arcadia. It will include a mix of one, two, and three-bedroom apartments and penthouses, with views of the Sydney skyline and Sydney Harbour, a village square, including a range of new food and hospitality venues, a community art studio and a retail precinct anchored by a full-line supermarket; a first for the peninsula.&nbsp;

&nbsp;

Located at the intersection of Victoria Road and Darling Street, pedestrian access to the precinct will be enhanced by a series of activated laneways leading to a 1,444 sqm town plaza.&nbsp;&nbsp;

Demolition at the site is nearing completion, with the project currently progressing through a State Significant Development Application process. Versatile Construction will commence main building works by the end of Q2 2025, with project completion anticipated in 2028.&nbsp;

CBRE will be handling the sales of Rozelle Village.

&nbsp;

David Milton, Managing Director Residential Projects at CBRE&nbsp;calls it an "iconic site which is much loved in the local community."

"We’ve seen lots of interest already and we’re very excited to bring Rozelle Village to market.”&nbsp;

PERIFA takes over Balmain Leagues Club site for Rozelle Village development

Mirvac has celebrated commencement of construction on its new Prince &amp; Parade residential community in Brunswick, marking the start of major works for the project that will rejuvenate a disused site and deliver 167 much-needed new apartments to Melbourne.

With <a href="https://www.urban.com.au/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a> underway, Mirvac now has more than 900 apartments currently in progress across Melbourne, demonstrating a strong commitment to the Victorian residential market.

Mirvac’s CEO Development, Stuart Penklis and General Manager, Residential Development Victoria, Elysa Anderson, were joined by Peter Khalil MP, Federal Member for Wills to celebrate the project’s milestone.

[smartcode_project:default project_id=4802 project_image_fid=217137]

Penklis said Prince &amp; Parade demonstrates how government and industry can work together to transform previously underutilised sites into much-needed homes for Victorians in desirable inner, middle ring locations, close to transport; and delivering this type of housing is a priority for government.

“With the support of the State Government, Prince &amp; Parade received the green light through the Development Facilitation Program and now we are delivering almost 170 modern apartments, creating 300 construction jobs and ongoing employment opportunities for the local community,” Penklis said.

“Formerly the old Princes Park Motor Inn, this residential community is a great example of how we can take a site that is no longer fit-for-purpose and deliver additional housing for the community.

"It’s important that we continue to work with all levels of government to find efficient planning pathways that allow industry to identify opportunities to accelerate housing across Melbourne."

[smartcode_project:default project_id=4802 project_image_fid=217129]

Mirvac’s General Manager, Residential Development Victoria, Elysa Anderson said Prince &amp; Parade will join Mirvac’s $7.6bn Victorian development pipeline, with a new build-to-rent community opening in <a href="https://www.urban.com.au/developments/brunswick-vic-3056">Brunswick</a> later this year.

“This project completes Mirvac’s construction trifecta for our apartment offering, joining The Albertine in the St Kilda precinct and Trielle in Yarra’s Edge,"&nbsp;Anderson said.

"Across our build-to-rent and build-to-sell projects, we are committed to delivering a range of apartments for downsizers, growing families and investors that are built for tomorrow."

[smartcode_project:default project_id=4802 project_image_fid=217119]

Prince &amp; Parade will offer a mix of one to four-bedroom apartments and will mark Mirvac’s third collaboration with design practice, Bates Smart, joining The Melburnian (2011) and The Eastbourne (2019) in the duo’s multi-award-winning developments.

The development will include a residential lounge, shared dining room and kitchen, crown courtyard, library, gym, shared roof top terrace and concierge. The building will deliver an average 7-Star NatHERS energy rating through double glazing, induction cooktops, heat-pump technology for hot water, and rooftop solar panels – all designed to minimise reliance on the grid and reduce environmental impact.

&nbsp;

Mirvac will also be creating a green link connecting Brunswick Road through to Park Street, designed by Jack Merlo and a number of public bike spaces throughout.

The development will include a publicly accessible retail tenancy which will offer a convenient spot for the community to enjoy café offerings. The tenancy will be independently operated and is expected to be open around the time of completion.

[smartcode_project_cta:default project_id=4802]

Mirvac to transform old motel into apartments in Brunswick as Prince & Parade construction kicks off

Rainbow Bay is the epitome of the true Gold Coast lifestyle.

It's all about the surf, sand, and relaxed coastal living. Locals have adored the area for generations, but since the pandemic, it has become a popular destination for interstate buyers from both sides of the development boom.

Sydneysiders and Melburnians made up a significant portion of buyers during the pandemic, as the country was shut down, while developers from Melbourne and Brisbane also made their moves to this coastal hotspot. Over time, Rainbow Bay has transitioned from 1960s walk-up apartments to stunning new developments, attracting those looking for a modern, beachside lifestyle.

One of the developers leading this change is Brisbane-based<a href="https://www.urban.com.au/developers/chapter-two"> Chapter Two Group</a>, which recently began construction on<a href="https://www.urban.com.au/new-apartments/holm-rainbow-bay-44-50-eden-avenue-coolangatta"> Holm Rainbow Bay</a>, on the dress circle Eden Avenue.

[smartcode_project:default project_id=109905 project_image_fid=209082]

Jon Quayle, who heads Chapter Two alongside Oliver Bagheri, said that the desire to develop in Rainbow Bay had been on their radar for quite some time, with the dream realised in 2021 when they began amalgamating four separate blocks of flats to eventually secure the Holm site.

“Rainbow Bay is recognized as one of Australia’s premier beach destinations—north-facing like Noosa and Byron Bay but more accessible and attainable, with stunning lifestyle amenities, natural beauty, and some of the coast’s best dining and entertainment," Quayle said.

"Holm has been designed to reflect this unique setting, offering premium living spaces and superb resident amenities that bring together all the elements that people seek in sophisticated coastal living.”

[smartcode_project:default project_id=109905 project_image_fid=209089]

Holm, situated on a prime near-2000 sqm block on Eden Avenue, will consist of 87 two and three-bedroom apartments, and a handful of four-bedroom townhouses, designed by Plus Architecture.

Crowning the 12-level building will be a residents' club featuring a 25-meter rooftop pool, spa, sauna, steam room, yoga deck, outdoor dining area with barbecue facilities, and a fire pit.

Additional features will include a gymnasium, work-from-home area, a library, and a function room.

[smartcode_project:default project_id=109905 project_image_fid=209084]

The design intentionally embraces Rainbow Bay’s natural beauty, incorporating sweeping views of the ocean, river, and hinterland from the apartments. The rooftop, in particular, will capture all three vistas, along with the iconic Snapper Rocks.

“In all our developments, we love to showcase architecture inspired by the natural beauty that surrounds it,” Quayle explained. “Holm’s flowing curves, lush greenery, natural elements, and light-filled spaces perfectly capture the essence of Rainbow Bay.”

[smartcode_project:default project_id=109905 project_image_fid=209083]

Groupline Constructions demolished the former 1960s blocks late last year and recently commenced basement excavation. They aim to have a crane on-site and begin vertical construction later this year.

"It's an exciting project, and we can't wait to see it come to life," Quayle added.

Last year, the penthouse at Holm sold for $4.5 million to a Sydney buyer, believed to have set a price-per-square-meter record for a non-beachfront or front-row apartment in the area.

The 246 sqm penthouse, featuring three bedrooms, two decks, and a rooftop terrace with outdoor dining and a spa, sold for $24,590 per square metre.

[smartcode_project:default project_id=109905 project_image_fid=209090]

Oliver Bagheri said the record-breaking penthouse sale highlighted the strong demand for blue-chip real estate on the Gold Coast.

“Holm represents a rare opportunity on Rainbow Bay’s peninsula, allowing buyers to make this iconic address either their permanent home or a deluxe holiday destination," Bagheri said.

“Geographically restricted with limited future supply, acquiring the Holm site today and delivering this project at its current pricing would not be feasible, making it an irreplaceable opportunity.

"In recent years, the notion of apartment living has evolved. However, we've noticed that many new Gold Coast developments still fall short of providing residents with a balanced lifestyle, offering health, well-being, and lifestyle amenities all in one place.”

SRQ Projects is selling Holm Rainbow Bay.

[smartcode_project_cta:default project_id=109905]

Holm, situated on a prime near-2000 sqm block on Eden Avenue, will consist of 87 two and three-bedroom apartments, and a handful of townhouses, designed by Plus Architecture.

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