Summary:

<ul>
	<li>Hamton has revealed the first stage of&nbsp;Scotch Hill Gardens in Hawthorn</li>
	<li>The first stage will comprise 146 residences across three buildings</li>
	<li>Stage 1 sales are now open, with construction starting in Q3 and completion in early 2027</li>
	<li>Approved under Victoria’s Development Facilitation Program, the project was fast-tracked by 12 months</li>
</ul>

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Prominent developer <a href="https://www.urban.com.au/developers/hamton">Hamton</a> has lit a fuse under Melbourne’s off the plan apartment market, kicking off sales at one of the capital’s most anticipated new communities in 2025.

Hamton, the developer behind the $3 billion redevelopment of the Moonee Valley Racecourse, Moonee Valley Park, has launched sales of the residences at its $550 million Scotch Hill Gardens.

[smartcode_project:default project_id=149097 project_image_fid=327631]

Hamton held an Open House event at the weekend to give buyers an early look at the project. Residences in the first three buildings - The Tate, The Woodburn, and The Ingleburn are now available to purchase. The trio of buildings will deliver 146 residences planned for the prime site on Robinson Road.&nbsp;

Construction of the three buildings will kick off in Q3 2025, and will be welcoming residents in early 2027.

[smartcode_project:default project_id=149097 project_image_fid=327640]

Located in the sought-after Scotch Hill precinct, Scotch Hill Gardens will comprise of one, two and three-bedroom residences designed by&nbsp;<a href="https://www.urban.com.au/architects/woods-bagot">Woods Bagot</a>, with views of surrounding treetops, landscaped gardens, and the city skyline.

Residents will have access to a range of amenities, including a bathhouse with wellness facilities, a gym, co-working spaces, and communal dining and lounge areas.&nbsp;

[smartcode_project:default project_id=149097 project_image_fid=327706]

The planned revitalisation of the Bill Street Retail Village will further enhance the convenience of the location, with shops and cafés on the projects’ doorstep.&nbsp;

Scotch Hill Gardens is one of the largest projects to be approved under Victoria’s Development Facilitation Program, following a streamlined approval process which accelerated its timeline by approximately 12 months.

[smartcode_project:default project_id=149097 project_image_fid=327664]

The site was formerly owned by the University of Melbourne, with Hamton securing the purchase in early 2024 following a rezoning process overseen by the Planning Minister.

Hamton’s latest project is expected to attract interest from local downsizers, professionals, families, and investors looking for high-quality residences in Melbourne’s inner east.

Hamton’s Founder and Executive Chairman, Paul Hameister OAM, said Scotch Hill Gardens will create a rare opportunity for buyers in a premium suburb that is highly sought-after.

[smartcode_project_cta:default project_id=149097]

Construction of the three buildings will kick off in Q3 2025, and will be welcoming residents in early 2027

Joel Robinson

Hamton launches sales at Scotch Hill Gardens, Hawthorn 

The Reserve Bank has cut the official cash rate for the first time since the COVID pandemic.

The pandemic saw rates shoot down to record 0.1 per cent lows, before they were quickly increased over a short period to try and tackle rising inflation.

The hikes stopped at 4.35 per cent, where the cash rate has been since November 2023. Now inflation is returning to the RBA's two to three per cent target band, they've cut the cash rate by 0.25 per cent to 4.1 per cent.

The Big Four banks have already cut their interest rates on the back of the decision, while most believe there are several more cuts to come in 2025.

<h2>What does this mean for the off the plan market?</h2>

The off the plan market functions quite differently from the established property market. Prospective homeowners don’t take out a mortgage until the property is completed. This means that the current interest rate may become irrelevant if the building is not expected to finish for several years—your borrowing capacity will be based on the rate at the time of settlement.

That said, new developments are completed every month, and those nearing completion will see buyers settle based on the current interest rates.

Lower interest rates allow buyers to borrow more, as their ability to service a loan increases when the cost of borrowing decreases due to the lower rates.

How it will impact the off the plan apartment market is the level of demand for property as a whole. Lower interest rates increase confidence in the property market which drives demand, and demand drive price increases.

Expect to see more transactions across both the established and new property markets in 2025 and 2026 compared to the previous two years.

RBA cut interest rates amid inflation decline

The opening of Reddam House North Shore, one of Australia's most prestigious schools, is set to attract families to the heart of North Sydney as the area continues to thrive.

Located on McLaren Street, just a short walk from the newly opened Victoria Cross station on the expanded Sydney Metro, Reddam House North Shore offers a prime location for students and their families.

The school’s first-year enrolment has already reached full capacity, highlighting the high demand for premium private education in Sydney, especially in the northern suburbs. With ongoing growth expected, Reddam House North Shore plans to accommodate up to 1,350 students, solidifying its position as a leading educational institution in the region.

Spanning over 9,000 sqm, the school features state-of-the-art facilities, including science labs, multiple libraries, an auditorium, and fully equipped arts, dance, drama, and music studios. Additionally, the school boasts a dedicated VR classroom, introducing the Inspired Metaverse experience.

Reddam House caters to students from ages one to 18, providing a comprehensive education from early childhood through to senior school.

Taking full advantage of its proximity to Reddam House North Shore is <a href="https://www.urban.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>, the recently completed luxury apartment development. Located directly across the street from the school, AURA is one of the few new apartment buildings in North Sydney. Its larger apartments are perfect for families with busy parents who work locally or in the CBD and seek the convenience of living near a top-tier private school before heading to the office.

Several residents at AURA have already secured their enrolment at Reddam.

[smartcode_project:default project_id=30959 project_image_fid=292875]

Reddam House is also not the only exclusive school in proximity to AURA. Directly behind the building is&nbsp;Wenona School, an independent, secular day and boarding school for girls, offering junior and middle school through to college.

Monte Sant' Angelo Mercy College is another independent girls' school, only five minutes from AURA by&nbsp;Aqualand. Monte is the oldest independent girls' school on Sydney's North Shore. It is a Roman Catholic single-sex secondary day school for girls years 7-12 founded by Sisters of Mercy in 1875.&nbsp;

Two academically selective secondary day schools nearby are the government-funded North Sydney Boys High School and North Sydney Girls High School, known for their rigorous admissions process and academic excellence.

[smartcode_project:default project_id=30959 project_image_fid=292866]

On top of the excellent schooling matched with the proximity of schools, AURA is also just a short walk to St Leonards Park, a popular spot for families.

The 15-hectare park has a custom kids playground, barbecue areas, and large expanses of open lawn space perfect for children. The park is also home to the famous <a href="https://www.urban.com.au/developments/north-sydney-nsw-2060">North Sydney</a> Oval, the Bon Andrews Oval and Cunningham Pavilion, as well as netball courts, cricket nets, and bowling greens. The North Sydney Oval complex also has commercial and retail outlets, as well as a childcare centre.

Less than a 20-minute walk from the front doors of AURA by&nbsp;<a href="https://www.urban.com.au/developers/aqualand-australia" target="">Aqualand</a>&nbsp;is also Forsyth Park and&nbsp;Anderson Park, the latter not far from&nbsp;<a href="https://www.urban.com.au/developments/neutral-bay-nsw" target="">Neutral Bay</a>&nbsp;village.

[smartcode_project:default project_id=30959 project_image_fid=292896]

While the location of AURA is ideal for families, Aqualand placed a strong emphasis on designing spacious living areas to accommodate their needs.

In collaboration with the architecture firm Woods Bagot, Aqualand revised the building's design, reducing the number of apartments from 448 to 386 to allow for larger living spaces. As a result, AURA’s apartments significantly exceed North Sydney Council’s minimum building requirements.

[smartcode_project:default project_id=30959 project_image_fid=292878]

While the typical two-bedroom apartment in the area is 80 sqm, AURA’s two-bedroom apartments are 95 sqm, plus a wintergarden, bringing their total area to well over 100 sqm. Many of the apartments also feature a multi-purpose room that can be adapted as a media room, home office, or kids' living area and homework space.

AURA by Aqualand apartments are now complete and ready for immediate move-in.

[smartcode_project_cta:default project_id=30959]

Reddam House North Shore opening to lure families to North Sydney

Developers are set to queue up to grab the opportunity to redevelop the former <a href="https://www.urban.com.au/developments/albion-qld-4010">Albion</a> Flour Mill site in Brisbane's inner-ring.

There are approved plans for 456 studio, one, two, three and four-bedroom apartments above a full-line Woolworths. Woolworths development arm, Fabcot, is selling the 5,586 sqm site at 60-78 Hudson Road, opposite the train station, through Colliers.

The project, dubbed <a href="https://www.urban.com.au/new-apartments/60-hudson-road-albion">The Albion</a>, has been designed by Cottee Parker and comprises two 18-level towers which will share a podium that will home retail spaces and give direct public access to the adjoining train station. There will be a BWS next to the Woolworths, as well as a cafe and several recreational and communal spaces.

<img alt="Albion" data-entity-type="file" data-entity-uuid="4fd6ad52-3389-4740-bf7a-fa2a55deac1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-18%20at%209.32.13%E2%80%AFAM.png?VersionId=1LdgSqb72Zbe_vI1ssy7K.vVuz.1Y862" />

Colliers Queensland Residential Director Troy Linnane said the record population growth being experienced in SEQ is driving exceptional demand into Brisbane’s apartment market making development site opportunities in key inner city locations highly sought after.

“Brisbane is now Australia's second most expensive capital city housing market, with limited new apartment supply despite acceptance of higher prices,” Linnane said.

“We are expecting to see strong interest from local, interstate and offshore developers, with a compelling opportunity for both build to rent and build to sell outcomes, as well as investors and high net worth individuals.

“The development site market in Brisbane has excellent fundamentals which are seen as having the best growth prospects of any city on the eastern seaboard of Australia. The average sale price for&nbsp;inner-city new apartment stock soared to a new peak of $2,083,000 in Q2 2024."

<img alt="Albion" data-entity-type="file" data-entity-uuid="a933b1bd-8e9e-4870-956e-3d0156ad3af1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-18%20at%209.32.18%E2%80%AFAM.png?VersionId=TNYTE_I0dAc2BjL6DRokzVAQTaTh.0jI" />

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Colliers Head of Retail Middle Markets James Wilson said the site offered further retail amenity to the growing area, and on completion would offer a new Woolworths supermarket.

“Upon completion, the retail will comprise a full line 4,000m2 Woolworths Supermarket, BWS and a café that will provide much needed amenity to the rapidly evolving Albion precinct,” James Wilson said.

“Colliers recently transacted another Fabcot owned development site at Kangaroo Point for $18.25 million to Mosaic Property Group which has reported strong sales since it launched in late 2024, highlighting demand for these mixed use development sites underpinned by Woolworths supermarkets remain highly sought after.”

Woolworths to sell another prime Brisbane development site with apartment approval

TOGA has been a synonymous name in Sydney’s new development industry since its founding in the early 1960s. As one of the city’s most notable builder-developers, the company has left its mark with landmark projects across the Eastern Suburbs and all the way to Macquarie Park. A key philosophy for <a href="https://www.urban.com.au/developers/toga-group">TOGA</a> is fostering a sense of community within its apartment developments.

"We focus on bringing residents together, creating more than just a place to live," says Tony Falas, TOGA's Executive General Manager – Sales &amp; Property Management. “As a developer, TOGA puts a major emphasis on convenience."

"We actively seek opportunities that not only allow us to benefit from surrounding amenities, but also to create new ones that serve both the wider community and our residents, providing them with ultimate doorstep convenience. Our aim is for buyers to proudly say, ‘We live above it’ when referring to the popular restaurants or cafes below."

A prime example of TOGA’s approach is its recently completed Surry Hills mixed-use precinct, <a href="https://www.urban.com.au/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a> (SHV).

[smartcode_project:default project_id=9302 project_image_fid=306319]

The retail and dining precinct, Wunderlich Lane, on the ground level has already become one of the talk-of-the-town spots. TOGA handpicked the hospitality tenants for this destination at the corner of Crown Street, where Surry Hills meets Redfern. Among the standout venues are Regina La Pizzeria by the Lumi Dining Group, Island Radio by House Made Hospitality, and Olympus Dining—owned by the same team behind the renowned Apollo restaurants in Potts Point.

“We took a lot of inspiration from Boheme Bondi when planning SHV,” Falas says. “At Boheme, residents take the lift directly down to Harris Farm and Lulu. I’m sure those living at SHV are already enjoying the vibrant offerings at Wunderlich Lane—some of the best food and hospitality Sydney has to offer, right on their doorstep.”

[smartcode_project:default project_id=9302 project_image_fid=306320]

There are only 122 apartments and townhouses in SHV, and most were snapped up quickly when the project first launched. Only a handful remain, with the penthouse recently selling for $7.375 million—one of the highest sales in the Surry Hills/Redfern area.

While SHV is a rare, once-in-a-decade opportunity—due to its unique size and location—TOGA’s placemaking efforts continue to be evident in its other developments across Sydney. The developer is currently working on The Kensington, located on Anzac Parade, where apartments sit above seven planned hospitality venues and retail stores, directly across from a light rail stop and within walking distance to the growing UNSW and Randwick health precinct.

[smartcode_project:default project_id=110959 project_image_fid=307651]

“The site where The Kensington sits is more suited to a traditional shop-top housing development,” Falas says. “But with seven retail spaces, we’re giving back a lot of space, offering a diverse mix of amenities that residents will love.”

TOGA is selective in choosing retail tenants, often opting to lease spaces to hospitality operators rather than sell them.

"By retaining control of the retail offerings, we can ensure that our buyers have access to high-quality services,” says Falas. "We’re not interested in tacky convenience stores or laundromats; that doesn't elevate the living experience for our residents."

[smartcode_project:default project_id=110959 project_image_fid=307654]

<a href="https://www.urban.com.au/new-apartments/the-kensington-147-151-anzac-parade-kensington">The Kensington</a>, being built by the iCIRT-rated DASCO, will feature 142 one, two, and three-bedroom apartments—particularly popular with those in the medical and academic fields due to its proximity to Randwick's health precinct and UNSW. Investors are also eyeing the apartments, knowing they’ll likely attract quality tenants from these sectors and see strong capital growth in a limited supply area.

Another development currently under construction is <a href="https://www.urban.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park">Macquarie Rise</a> in <a href="https://www.urban.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a>, where TOGA has once again pushed boundaries with an activated ground plane that blends nature and landscaping with more doorstep amenities.

“We’re creating a Macquarie Rise Village—a village green at the base of three towers that will combine nature with increased convenience,” Falas explains. “There will be several retail spaces, handpicked by TOGA, as well as a softening of the streetscape on Herring Road with extensive lawns and alfresco spaces.”

[smartcode_project:default project_id=89243 project_image_fid=242695]

With higher density compared to developments like SHV and The Kensington, Macquarie Rise is designed to offer an exclusive community experience. Club Rise will feature a heated pool set amid lush landscaping, a gym with a yoga room, a resident lounge with communal dining areas, a karaoke room, and a bookable private dining room.

TOGA’s community-building approach has expanded to <a href="https://www.urban.com.au/developments/marrickville-nsw-2204">Marrickville</a>, where they’ve recently completed <a href="https://www.urban.com.au/buildings/wicks-place-marrickville-186-victoria-road-marrickville">Wicks Place</a>—a development of 272 apartments above a cafe-centric precinct and a new green park, both of which are key features of the inner west’s culture.

[smartcode_project:default project_id=27691 project_image_fid=308947]

Only a few one and two-bedroom apartments remain in the building, which is located in the Victoria Road Precinct. This area was recently rezoned by the Inner West Council, and several developers are now planning large mixed-use projects that will continue to transform the once industrial zone into a more vibrant community, comparable to the neighbouring Newtown.

A prime example of TOGA’s philosophy of building communities is its recently completed Surry Hills mixed-use precinct, Surry Hills Village



TOGA's vision for building vibrant new community precincts across Sydney

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?

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

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

How to read a floor plan, what questions to ask, and why it's important for off the plan property buyers

Summary:

<ul>
	<li aria-level="1">The Regent revives Fitzroy’s historic Regent Theatre with modern design</li>
	<li aria-level="1">Studio Tate interiors offer two distinct styles with customisation options</li>
	<li aria-level="1">Prime location near cafes, dining, galleries, and tram connections</li>
	<li aria-level="1">Rooftop, guest suite, workshop, and dog wash to enhance resident living</li>
</ul>

&nbsp;

<hr />
&nbsp;

Melbourne developer SMA Projects almost doesn't see itself as a developer.

"We feel like we're more of a lifestyle creator," <a href="https://www.urban.com.au/developers/sma-projects">SMA Projects</a> Founder Martin Strode says, adding that they want to create spaces that enhance the way people live, through clever design, architectural features, and prime location of their projects.

When the opportunity to secure the former Regent Theatre site in <a href="https://www.urban.com.au/developments/fitzroy-vic-3065">Fitzroy</a>, it allowed them to tick all three of those boxes.

"While the Regent Theatre is long gone, we had a head start in the design phase because we knew how we wanted the building to look before we even secured the site. We had a bit of a blueprint as to the architectural integrity of the sites former life, and how we could reimagine it into a 21st century apartment building," Strode says.

[smartcode_project:default project_id=24824 project_image_fid=304614]

SMA called on&nbsp;<a href="https://www.urban.com.au/architects/hayball">Hayball</a>, who they have been collaborating with across several architecturally-significant developments over the past two decades, to draw inspiration from the theatre's Art Deco past, incorporating arched ceilings and period-inspired details.&nbsp;

The Art Deco influence is immediately evident, beginning with the streetscape and extending into the lobby. Curved walls, elegant pendant lighting, and custom-designed, 70s-inspired mirrors capture the essence of a bygone era.

[smartcode_project:default project_id=24824 project_image_fid=304762]

It was important the apartment interiors followed the same style, so the brief to<a href="https://www.urban.com.au/interior-designers/studio-tate"> Studio Tate</a> was of a similar narrative.

While also wanting to be flexible and give buyers a level of customisation which SMA believes is incredibly important in off the plan purchasing, Studio Tate put together two distinct designs; the light and refined Classic Collection, influenced by Nordic minimalism, and the dramatic, moody Arthouse Collection, inspired by Fitzroy’s artistic edge.&nbsp;

[smartcode_project:default project_id=24824 project_image_fid=304606]

SMA’s philosophy is that buildings are about more than just the apartments. They make a conscious effort to create spaces where residents can gather, always staying true to their core belief of making life easier for those who live there.

Crowning the nine-level building will be a 315 sqm rooftop which will act as a shared space for residents to gather, eat, drink, and take in uninterrupted views of the Melbourne skyline.

[smartcode_project:default project_id=24824 project_image_fid=304765]

One of the more innovative features designed by SMA is the inclusion of a guest suite, exclusively available for residents to book. This thoughtful addition functions like a private spare bedroom, providing a convenient space for family or friends to stay.&nbsp;

In response to the 2023 Victorian pet census, which revealed that nearly 60% of Victorian adults own pets—particularly dogs—SMA also incorporated a dedicated dog wash facility within the building. Residents will enjoy the added convenience of a concierge service, available to handle everything from managing deliveries to making restaurant reservations and much more.

While SMA will be bringing doorstep convenience in the form of several retail spaces on the ground floor, of which at least one will likely be a cafe, <a href="https://www.urban.com.au/new-apartments/the-regent-fitzroy-340-fitzroy-street-fitzroy-vic-3065">The Regent</a> is strategically located in the cultural heart of Fitzroy.

[smartcode_project:default project_id=24824 project_image_fid=304612]

The Fitzroy Street address places residents just seconds from Johnston Street, one of Melbourne’s most popular areas for cafés, dining, galleries, and nightlife.&nbsp;

Johnston Street also serves as a convenient thoroughfare, connecting west to Abbotsford and east to Carlton. The 96 tram, located just five minutes from The Regent at the intersection of Johnston and Nicholson Streets, provides direct access through the CBD and all the way to St Kilda Beach.

Victoria's new off the plan apartment savings apply to all 64 one, two, and three-bedroom apartments at The Regent, but only for a limited time.

[smartcode_project_cta:default project_id=24824]

SMA makes a conscious effort to create spaces where residents can gather, always staying true to their core belief of making life easier for those who live there.

The Regent Fitzroy: Where architecture and lifestyle combine

When the development team at Scion was offered the opportunity to acquire an apartment project in Lane Cove North that was half-built, they had to be sure they knew what they were getting in for.

It was the first time the developer, which has its own building arm, was taking over a building that had already commenced construction.

[smartcode_project:default project_id=136108 project_image_fid=303412]

Their minds were set at ease instantly when they were told the development had Latent Defects Insurance and had undergone the technical inspection service program by reputable industry experts since commencement. Sebastian Jabbour, Director of Operations at Scion, says it gave the team confidence to take on the project.

“Because we weren’t the developer who had brought on Latent Defects Insurance, we weren’t fully aware of all the benefits that came with LDI,” Jabbour says.

“It was remarkable how thorough the building inspections by the Technical Inspection Service were. It meant we had a third party ratifying the part of the build process we weren’t a part of - which was really the driver in us getting involved in the project.”

Scion is approaching completion of The Sterling, the first development in Lane Cove North with LDI. The 50 one, two and three-bedroom apartments which start from $750,000.

[smartcode_project:default project_id=136108 project_image_fid=303417]

Jabbour says he was also surprised as to how much impact it had on buyers, a sentiment echoed by Mark Bernberg, Ray White Projects Western Sydney Managing Director.

“We’ve got purchases who are literally buying because of LDI,” Bernberg says.

Scion’s experience with Latent Defects Insurance has seen them take it out on their upcoming new development, Chatham West Ryde, which will also be the first new apartment project in West Ryde with LDI.

[smartcode_project_cta:default project_id=136108]

Sebastian Jabbour says he was also surprised as to how much impact it had on buyers, a sentiment echoed by Mark Bernberg, Ray White Projects Western Sydney Managing Director.

Sterling success: How LDI boosted confidence for Scion and its buyers in Lane Cove North

Summary:

<ul>
	<li aria-level="1">Mirvac starts construction on Prince &amp; Parade</li>
	<li aria-level="1">Construction of the 166 apartments expected to complete in mid to late 2026</li>
	<li aria-level="1">Mirvac inhouse construction team hopeful of topping out this year</li>
	<li aria-level="1">Third collaboration with Bates Smart following two award-winning parkside developments The Melbournian and The Eastbourne&nbsp;</li>
</ul>

&nbsp;

Mirvac's third Melbourne parkside collaboration with acclaimed architecture firm Bates Smart is starting to come out of the ground.

The ASX-listed developer has officially commenced construction on <a href="https://www.urban.com.au/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a>, their new <a href="https://www.urban.com.au/developments/brunswick-vic-3056">Brunswick apartment development</a> across from the 39-hectare Princes Park.

[smartcode_project:default project_id=4802 project_image_fid=217137]

Mirvac's inhouse construction team has installed two cranes on the Park Street site, after completing demolition and excavating the two levels of basement car park last year. They will now work away throughout 2025 to build the structure, which will likely top out later this year.

Completion of the 166 one, two, three and four-bedroom apartments is slated for mid to late 2026.

<h2>The Location</h2>

The apartments so far have been the most popular with local owner-occupiers, who have been most attracted to Princes Park, home of Carlton Football Club, walking paths, sports grounds, and playgrounds, as well as the cafe culture in <a href="https://www.urban.com.au/developments/brunswick-vic">Brunswick</a> and the neighbouring <a href="https://www.urban.com.au/new-apartments/parkville-vic">Parkville</a>, <a href="https://www.urban.com.au/new-apartments/princes-hill-vic">Princes Hill</a>, and <a href="https://www.urban.com.au/new-apartments/carlton-vic">Carlton</a>.

[smartcode_project:default project_id=4802 project_image_fid=217137]

There's been an influx of purchasers who are working in the medical industry in particular, given the development's proximity to several local hospitals. Prince &amp; Parade's location has also proven favourable for academics who work at highly prestigious local universities like Melbourne University and RMIT.

<h2>The Design</h2>

<a href="https://www.urban.com.au/new-apartments/prince-parade-by-mirvac-701-park-street-brunswick">Prince &amp; Parade</a> has been designed to orient the park, taking advantage of the 100 metre frontage to Park Street. The orientation means that residents will benefit from park views through the floor-to-ceiling glass.

[smartcode_project:default project_id=4802 project_image_fid=217129]

It's been cleverly designed so it reaches a height of nine levels to the north building on <a href="https://www.urban.com.au/new-apartments/5-9-brunswick-road-brunswick-east">Brunswick Road</a>, and five levels on the south-facing building on Park Street. The building will feature a rooftop terrace with views over the park and the rest of Melbourne. There will also be a resident lounge and dining room,a library, full wellness studio, and a ground-floor retail space, expected to be a cafe.

[smartcode_project:default project_id=4802 project_image_fid=269388]

In line with Mirvac’s push to be net positive carbon by 2030, Prince &amp; Parade will be an all-electric building.

<h2>The Team</h2>

<a href="https://www.urban.com.au/developers/mirvac">Mirvac</a> has had parkside success previously when collaborating with <a href="https://www.urban.com.au/architects/bates-smart">Bates Smart</a> at their Fitzroy Gardens development <a href="https://www.urban.com.au/buildings/the-eastbourne-280-albert-street-east-melbourne">The Eastbourne</a>, which won the 2020 UDIA High Density Development Award. They've also worked together on The Melburnian on St Kilda Rd, which too was a UDIA Award winner.

[smartcode_project:default project_id=4802 project_image_fid=321933]

Landscape architect Jack Merlo has handled the landscaping of Prince &amp; Parade. The rooftop terrace and central courtyards in particular will be enveloped in greenery. The courtyard will “provide a place of passive sanctuary, referencing the site's location opposite Princes Park,” Merlo said.

Prices at Prince &amp; Parade start from $750,000.

[smartcode_project_cta:default project_id=4802]

Completion of the 166 one, two, three and four-bedroom apartments is slated for mid to late 2026.

Mirvac commences construction at parkside Prince & Parade apartment development in Brunswick

When builder-developer GWH gets into the planning phase of its next apartment development, they always look for ways to elevate the lifestyle of their residents as much as possible.

<a href="https://www.urban.com.au/new-apartments/era-newcastle-124-126-bull-street-newcastle-west-nsw-2302">ERA Newcastle</a>, their latest tower, is no different.

They partnered with the renowned architecture firm <a href="https://www.urban.com.au/architects/fender-katsalidis-architects">FK Australia</a>, the team behind some of Australia's tallest and most impressive buildings, to offer residents more than just four walls, but a lifestyle that enhances everyday living.

They focused on the three R's: Rest, Relax, Rejuvenate.

[smartcode_project:default project_id=135096 project_image_fid=309978]

This commitment is clear with over 2,000 square metres of exclusive resident facilities at the new development in Newcastle West, which consists of two towers with a total of 281 apartments.

Shared amenities across the two towers include a central swimming pool atop the podium level, surrounded by lounge areas, barbecues, and alfresco dining, all set amid extensive landscaping.

Adjacent to the pool area, there will be a fully equipped gym with a dedicated fitness studio for classes and yoga, as well as a dry sauna.

[smartcode_project:default project_id=135096 project_image_fid=309976]

While the focus was on the "three R's," another key pillar in the lifestyle push was community.

Each tower features its own private rooftop terrace, designed to foster a sense of community and engagement among residents. These all-weather function areas include alfresco spaces, barbecue facilities, and private seating nooks. Each rooftop offers panoramic views across Newcastle’s harbour, coastline, and city skyline.

[smartcode_project:default project_id=135096 project_image_fid=309977]

<a href="https://www.urban.com.au/developers/gwh">GWH</a> has already begun construction on ERA Newcastle through its in-house construction arm, GWH Build, with completion expected in late 2027.

The mix of one, two, and three-bedroom apartments has already attracted interest from a variety of demographics, including first home buyers and investors drawn to the one-bedroom apartments, as well as local downsizers and rightsizers leaning towards the larger three-bedroom apartments.

[smartcode_project_cta:default project_id=135096]

While the focus was on the "three R's," another key pillar in the lifestyle push was entertainment

Rest, Relax, Rejuvenate: GWH's commitment to well-being at ERA Newcastle apartments

Luxury Melbourne developer Soliana™ has paid $5.85 million for a premium South Yarra site with approved plans for a luxury apartment development.

There had been plans for six large-scale apartments at 39 Darling Street, near the Yarra River and just off Domain Road. Dubbed Riviera, the five-level development had been designed by Selwyn Blackstone and had been marketed before Soliana bought the site.

Its elevated position offers views over South Yarra, with proximity to&nbsp;the Royal Botanic Gardens, Fawkner Park, and Chapel Street.

The site currently houses a three-level apartment complex with 10 studio apartments. It was sold by a local syndicate through an expressions of interest campaign.

The deal reflects a land rate of $8,705 per square metre and a unit rate of $975,000, underscoring the strength of Melbourne’s premium residential market.

<img alt="South Yarra" data-entity-type="file" data-entity-uuid="a468bc98-09ae-475c-928c-8e8c9cc1f5fb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-17%20at%2011.54.20%E2%80%AFAM.png?VersionId=hguzM0.XmEVErkHXwWuhoGk1K.eJElgI" />

Hamish Burgess, Joe Kairouz, and Jeffery Ha of Cushman &amp; Wakefield handled the transaction. Burgess said the sale highlighted the fierce competition among developers to secure opportunities in South Yarra and surrounding Stonnington suburbs.

“The Stonnington development site market has been hotly sought after throughout 2024," Burgess said.

"Developers are competing to enter a precinct that continues to re-rate the market in terms of achievable residential revenues, and 39 Darling Street was no exception.”

The sale adds to Soliana™’s growing portfolio of high-end residential and commercial projects. They have two in Brighton, Pearl Brighton which will compete in the coming months, and another one on Martin Street which will launch later this year.

Soliana picks up luxury South Yarra apartment development site

Walker Corporation’s Horizon Centre proposal is set to transform the heart of the Sunshine Coast revealing plans for a world-class 7,000-seat games arena, athlete village and 5-star hotel.&nbsp;

Designed to be a premier destination for Brisbane 2032, the state-of-the-art Horizon Centre has the capacity to host Olympic action, and provide accommodation for 1400 athletes and guests, cementing the Sunshine Coast as a key games and tourism destination and delivering a major legacy for Queensland.

Plans for the Horizon Centre have been submitted in a detailed submission to the Games Independent Infrastructure and Coordination Authority’s (GIICA) Brisbane 2032 Olympics 100-Day Review.&nbsp;

The detailed submission focussed on the legacy outcomes for the Sunshine Coast whilst delivering key infrastructure needed for the Games. The 1,400 athlete beds will transform into much needed accommodation for the Coast, whilst the 7,000-seat multi-format arena will evolve into a world-class arts, music, convention, entertainment and exhibition centre, finally unlocking the region’s potential to host the biggest global concerts and events.&nbsp;

<img alt="Walker Corp" data-entity-type="file" data-entity-uuid="851e34de-73e4-42ea-a2c5-c69109ad008c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-17%20at%2010.34.15%E2%80%AFAM.png?VersionId=mldGFJfloeW4iv4GPnWrrs1Y8sNDpu60" />

Walker Managing Director and CEO David Gallant said this was a game-changing opportunity to enhance Queensland’s Olympic legacy.

“This will be an iconic destination that delivers major events for sports, entertainment, the arts, conventions, exhibitions and other community uses, enabling Queensland to reap the benefits for decades to come, after putting on the best Olympic Games ever,” Gallant said.

“The Horizon Centre has always been central to the Maroochydore City Centre vision to create a landmark economic and social hub which drives growth and unlocks opportunity for the Sunshine Coast, so we are excited to accelerate the delivery of this asset, to create a powerful Brisbane 2032 legacy.”&nbsp;

The 6-star Green Star Horizon Centre development will integrate with a multi-modal transport system to maximise usability of public and active transport.&nbsp;

The highly sustainable precinct will also deliver large areas of open space, tailor made for athletes to relax between competition and provide long term recreation areas for the Sunshine Coast community.

The project will be delivered as a Public Private Partnership (PPP) between Australia’s largest diversified private property company Walker Corporation, Australia’s top private construction company Built and global leading architects Woods Bagot.

Walker has over 50 years’ experience delivering urban transformations, previously partnering with Built to complete over $3 billion of projects together across Australia, as well as delivering some iconic urban precincts with Woods Bagot.&nbsp;

Walker Group Executive of Development Peter Saba said the PPP will enable the private sector to provide the necessary funding needed to begin the $1 billion Horizon Centre sooner, ensuring delivery certainty and the quality to exceed Brisbane 2032 requirements.

“By uniting the combined strengths of the public and private sectors through the PPP model, a balanced approach to risk sharing will enable innovative, legacy driven outcomes to be realised on time and on budget,” Saba said.

“The PPP model provides the certainty needed to deliver the Sunshine Coast the multi-use arts, music, convention, entertainment and exhibition centre the region has been in desperate need of for decades, while ultimately giving the Coast a world class venue to host more Olympic competition or heats action.”&nbsp;

Built and Woods Bagot are currently delivering the $450m Nyaal Banyul Geelong Convention and Event Centre together in Victoria.

Built Executive Chairman Marco Rossi said they are ready to deliver this city-shaping precinct to enhance the Brisbane 2032 legacy.

“We are excited to leverage our global experience to create this architectural landmark for Maroochydore that will be a sustainable, world-class events space, while also providing critical social and employment outcomes,” Mr Rossi said.

Woods Bagot Chief Executive Officer Sarah Kay said the Horizon Centre will leverage their global experience in civic assets to create a multipurpose, future-proofed facility for all of South East Queensland.&nbsp;

“The Horizon Centre will be a premium architectural icon for the Sunshine Coast seamlessly integrating the arena with a multi-modal transport network, providing a secure athletes village, and carefully blending open space, landscaping and community into a cohesive outdoor environment,” Mrs Kay said.

The Horizon Centre will have dedicated car parking and capitalise on Maroochydore City Centre’s 10-minute connection to the Sunshine Coast International Airport and major transport routes, becoming the economic, cultural and civic heart of the region and a catalyst for global events, tourism and investment.&nbsp;

The Horizon Centre proposal is currently under review with GIICA, which is set to present its recommendation from the 100-Day Review to the Queensland Government in March 2025.

Walker Corp is also developing <a href="https://www.urban.com.au/new-apartments/sol-by-walker-maroochydore-first-ave-maroochydore">SOL by Walker</a>, 250 apartments to be completed by mid-2027.

Key features of the Horizon Centre proposal include:&nbsp;

<ul type="disc">
	<li>A 7,000-seat arena to host world class entertainment, exhibitions, arts and cultural events.</li>
	<li>A 5-star hotel.</li>
	<li>Secure 1,400 bed athlete accommodation.</li>
	<li>Integration with the adjacent Multi-Modal Transit Hub.</li>
	<li>6 Star Green Star sustainability credentials.</li>
	<li>Curated retail and placemaking experiences.</li>
</ul>

Walker Managing Director and CEO David Gallant said this was a game-changing opportunity to enhance Queensland’s Olympic legacy

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