ICD Property has a penchant for grand-scale, mixed-use developments, with a focus in recent years in its native Melbourne, Adelaide, and most recently Sydney.

The latest play by the Matt Khoo-led developer is in Brisbane, its first foray into the Queensland market. They've picked up a prime&nbsp;<a href="https://www.urban.com.au/developments/west-end-qld-4101">West End</a>&nbsp;site from R&amp;F Property, spending just under $50 million on the 1.68-hectare riverfront plot which cost R&amp;F $82.5 million in 2014.

Currently home to Riverside Corporate Park, the site, which borders Donkin and Buchanan Street, is currently occupied by&nbsp;three low-rise commercial buildings.&nbsp;

ICD has yet to reveal its own plans for the A-grade block of land, but previous approvals have been for seven buildings with around 1,000 apartments, a retail plaza, and a riverside walkway.

<img alt="ICD" data-entity-type="file" data-entity-uuid="035146a7-0cb7-4dba-80a9-c222c7143235" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-21%20at%201.50.40%E2%80%AFPM.png?VersionId=_Zi1F4QY8u6JKkcuE7voWdNUxI_g3qbw" />

ICD has already established a joint venture to work on the project, much like their upcoming Sydney CBD development, Sydney House. They're working with&nbsp;Singapore-listed&nbsp;<a href="https://www.urban.com.au/developers/first-sponsor">First Sponsor</a>&nbsp;on the redevelopment of&nbsp;the landmark City Tattersall building on Pitt Street in the Sydney CBD.

<a href="https://www.urban.com.au/builders/richard-crookes-constructions">Richard Crookes Constructions</a>&nbsp;has already started the build of the striking new tower that will emerge above the heritage-listed former club that will be restored and converted into heritage hospitality venues.

Sales are expected to commence soon for the 241 one, two and three-bedroom apartments that will be spread across a new 50-level tower.

[smartcode_project:default project_id=12428 project_image_fid=312149]

ICD is also working with the Adelaide City Council on Market Square, a $400 million mixed-use project with apartments, a hotel, offices, and a childcare centre, as well as a significant retail precinct and a park.

Completion for Market Square is slated for 2026.

[smartcode_project:default project_id=104946 project_image_fid=218790]

ICD's latest project joins the ranks as yet another planned for the Brisbane River, which is going under somewhat of a precinct boom.

Across the road from ICD's recently acquired site, Heidelberg Materials is <a href="https://www.urban.com.au/news/qld/multi-tower-precinct-planned-for-south-brisbane-riverfront">proposing three 50-level towers</a> with 620 apartments, above&nbsp;a food and beverage plaza and a 5,400 sqm public park.

Apartments are still under construction at Queens Wharf, Brisbane's landmark riverside development, while <a href="https://www.urban.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe">Tenneriffe Banks</a> by Kokoda Property has been a hit with buyers since it launched to market.

ICD has yet to reveal its own plans for the A-grade block of land, but previous approvals have been for seven buildings with just around 1,000 apartments, retail spaces, and a riverside walkway.

Joel Robinson

Exclusive: ICD Property secures riverfront West End site for Brisbane's latest multi-tower precinct

National developer Frasers Property is putting family first at its latest masterplanned development, Bradmill.

<a href="https://www.urban.com.au/new-apartments/bradmill-yarraville-355-359-francis-street-yarraville-vic-3013">Bradmill</a> in Melbourne's <a href="https://www.urban.com.au/developments/yarraville-vic-3013">Yarraville</a>, seven kilometres west of the CBD, brings a lower maintenance, family-friendly option to the suburb which is dominated by single detached houses.

[smartcode_project:default project_id=134727 project_image_fid=317864]

The first two stages at Bradmill, Pioneer and Monfort Townhomes, have been designed by renowned architecture firm&nbsp;<a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>. They have several different configurations, offering either three or four bedrooms across two or three levels.

The homes are designed for family living, with open-plan kitchen, living and dining areas flowing onto private gardens, courtyards, or balconies. Single or double garages also offer convenient access to the indoors.

Rothelowman has also put a focus on modern living, with many homes offering dedicated study areas to accommodate the growing work-from-home trend.

The living areas feature low-maintenance engineered oak timber flooring, while the bedrooms are fitted with 100 per cent wool loop pile carpets.

Buyers can choose from two distinct interior colour schemes, Chambray and Indigo, a light or a darker colour for the interiors.

[smartcode_project:default project_id=134727 project_image_fid=317871]

Like the majority of <a href="https://www.urban.com.au/developers/frasers-property">Frasers Property</a> projects across the country as the company looks towards a more sustainable built environment, the homes are all-electric. They all come complete with solar PV systems, water-saving initiatives, and double-glazing throughout.

[smartcode_project:default project_id=134727 project_image_fid=311175]

Frasers Property doesn't build just homes, but communities.

The neighbourhood of Bradmill will be one of the most connected in Melbourne's inner west. Future Bradmill residents will have exclusive access to Bradmill Social, a hub for exercising, co-working, and group events.

[smartcode_project:default project_id=134727 project_image_fid=311275]

Linear Park will run through Bradmilll,&nbsp;connecting residents directly to the vast green spaces and sports grounds of adjacent McIvor Reserve, and a stroll to Bradmill Quarter’s 8,000 sqm retail precinct and the vibrant dining and community spaces of The Arbory.

The townhouses at Bradmill are currently&nbsp;under construction and will welcome residents toward the end of 2025.

[smartcode_project_cta:default project_id=134727]

The homes are designed for family living, with open-plan kitchen, living and dining areas flowing onto private landscaped gardens.

Why families are flocking to townhouses in Bradmill Yarraville

Diversified national property developer,&nbsp;<a href="https://www.urban.com.au/developers/time-place">Time &amp; Place</a>, has&nbsp;received development approval from the Victorian Planning Minister for a large-scale mixed-use development that will occupy one of the largest island sites on the Melbourne CBD periphery.

It will add another $500 million to the developer‘s portfolio once complete. &nbsp;

The Minister for Planning of Victoria, Sonya Kilkenny, announced the project’s planning approval in person at the <a href="https://www.urban.com.au/developments/south-melbourne-vic-3205">South Melbourne</a> site.&nbsp;

The DFP pathway was introduced to fast-track the delivery of much-needed housing and has been a pivotal tool in enabling the approval of Time &amp; Place developments while also includes their <a href="https://www.urban.com.au/news/vic/first-look-time-place-and-woolworths-greenlit-for-glen-iris-mixed-use-precinct">$150m mixed-use Glen Iris development</a> in partnership with Woolworths Group which was approved in October 2024.&nbsp;

By providing reduced approval timeframes and greater project certainty, the DFP pathway has enabled Time &amp; Place to confidently advance projects that meet community needs in a timely and efficient manner, strengthening project viability.&nbsp;

Tim Price, Founder and Director of Time &amp; Place, says the&nbsp;accelerated approval process is "enabling us to better deliver thoughtfully designed places while supporting local economic growth and job creation."

"We commend the Minister and the Victorian Government for their leadership and commitment to facilitating impactful developments that benefit the community and economy."

After initially acquiring a single site at 11-17 Dorcas Street, Time &amp; Place has spent the past 18 months gradually acquiring four additional sites bordered by Dorcas and Wells Streets and Middleton Lane, taking the land holding to 2,398 sqm.

The development will feature 243 apartments and introduce a village-style look and feel that integrates dining options, amenities and a community activation that will link directly with South Melbourne. The project will comprise one, two, three and penthouse apartments, in addition to a diverse ground-floor retail offering.&nbsp;

Designed by the renowned <a href="https://www.urban.com.au/architects/bates-smart">Bates Smart</a> studio, the distinctive project is designed to feature two sculptural towers connected via a central garden bridge. The towers are conceived as a pair of elegant forms that rest on a refined garden podium, celebrating the Parkside address and surrounding Domain precinct. &nbsp;

Price said acquiring the additional sites allows for the introduction of a superior design and place-making outcome for this corner of South Melbourne, reinforcing the developer’s conviction in the area and the city-fringe residential market.

"In this vibrant corner of South Melbourne, seamlessly connected to South Yarra and the Botanic Gardens and just 1.6 &nbsp;km from the CBD, we envision an innovative, amenity-rich village that fosters community engagement with the Domain Precinct. Our goal is to provide sophisticated yet attainable residential designs that complement the prestige of this remarkable location.

“After exploring the opportunities presented from a larger, amalgamated site, Time &amp; Place has been able to unlock further design and amenity opportunities, evolving our original idea for the site into a true urban precinct that feels incredibly authentic to our brand and values."

Sales will commence on the yet-to-be-named project later in 2025, with construction set to follow shortly after.

Time & Place greenlit for new $500m apartment development overlooking Melbourne’s Botanic Gardens

Queensland apartment developer Mosaic Property Group is intensifying its commitment to the Gold Coast’s apartment market, with three new projects valued at over $570 million.

<a href="https://www.urban.com.au/developers/mosaic-property-group">Mosaic</a> is poised to shortly launch <a href="https://www.urban.com.au/new-apartments/sophia-by-mosaic-1357-gold-coast-highway-palm-beach">Sophia by Mosaic</a> in <a href="https://www.urban.com.au/developments/palm-beach-qld-4221">Palm Beach</a>—a $135 million direct beachfront&nbsp;development with 32 apartments across nine levels. The project marks Mosaic’s entry into Palm Beach following success in the fast-growing southern coastal markets of Bilinga and Kirra Beach.

In <a href="https://www.urban.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>, Mosaic continues its successful trajectory, with a fifth site acquisition underway following the recent completions of Augusta by Mosaic and Florence by Mosaic. Plans are in place for a <a href="https://www.urban.com.au/news/qld/first-look-exclusive-mosaic-secure-another-gold-coast-apartment-development-site">$185 million ultra-luxury development on The Esplanade</a>.

Further expanding in Broadbeach, Mosaic has secured its third site and submitted a development application for a $250 million, 37-level tower on Mary Avenue, offering 59 expansive half and full-floor residences.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-mosaic-file-plans-for-fifth-broadbeach-apartment-development">First look exclusive: Mosaic file plans for fifth Broadbeach apartment development</a>

<img alt="Mosaic Broadbeach" data-entity-type="file" data-entity-uuid="0ef8a2ac-1116-4bcb-9331-065d73278f67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-21%20at%2011.02.57%E2%80%AFAM.png?VersionId=v1s6B.GR6.rlRv4np8147NswQTmBHQgQ" />

Founder and Managing Director Brook Monahan said the new acquisitions underscored Mosaic's confidence in the resilience of lifestyle-driven markets and the enduring demand for its design-led, functional, and beautifully finished residences.

"The strength of these markets has been exceptional since the pandemic,"&nbsp;Monahan said.

"We continue to experience robust demand from both interstate and local downsizers who are seeking luxury apartments that offer thoughtful design, functionality, and exceptional quality.

“With limited supply and rising construction costs, Mosaic is well-positioned to lead in this market which is becoming more discerning following many stalled projects as a result of many developers not being able to deliver much awaited supply. Our long-established in-house construction arm enables us to manage costs effectively and seize key opportunities.”

&nbsp;

[smartcode_project:default project_id=145364 project_image_fid=322822]

Monahan said Sophia was shaping as an exceptional project for Palm Beach.

“Positioned on the dunes at the sought-after northern end of Palm Beach, Sophia occupies a premier beachfront site that we believe will be highly desirable. We already have a waitlist of Mosaic buyers from our existing database of previous and current owners, indicating another likely rapid sellout in this very unique location.”

Designed in collaboration with Bureau Proberts, Sophia&nbsp;will offer residents an array of five-star amenities, including a pool, spa, gym, and sauna.

“Sophia will provide a beautifully balanced lifestyle, merging iconic design with world-class amenities to cater to every resident's needs,” Monahan added.

[smartcode_project:default project_id=145364 project_image_fid=322819]

Mosaic boasts an extensive $1.4 billion portfolio on the Gold Coast with nine completed projects and an additional four currently under construction.

“We are very fortunate that our entire project portfolio is consistently near sell-out, reflecting robust and ongoing demand driven by the market’s attraction to our design-led developments.

"Buyers are drawn not only to Mosaic’s exceptional quality, prime locations, and thoughtful, resident- focused designs but also to the assurance that we deliver as promised. Our unbroken track record instils confidence, with buyers reassured that Mosaic consistently upholds its commitments.

“The trust we’ve built in our brand over many years which we will never take for granted, continues to fuel this strong demand, as clients recognise the lasting value inherent in every project. Our reputation for excellence, reliability, and&nbsp; integrity positions Mosaic as a preferred developer, making our homes some of the most highly sought-after on the market.”

Since 2012, Mosaic has completed more than 65 developments across South East Queensland, establishing itself as one of the region’s most reliable and recognised developers.

Mosaic Founder and Managing Director Brook Monahan said the new acquisitions underscored Mosaic's confidence in the resilience of lifestyle-driven markets

Mosaic set sights on Palm Beach, Burleigh Heads, Broadbeach, for new $570m apartment pipeline

Nearly four years after signalling it will be going into the mixed-use precinct sector and starting with a site in Waterloo, Fabcot, the development arm of supermarket chain Woolworths, has submitted a development application for the site.

They secured concept plan approval for the project in May last year, but the recently laid $165 million plan for the&nbsp;6,534&nbsp;sqm site at 923 Bourke Street is the one that will go up for full approval.&nbsp;

They've proposed a part eight, part six-level building designed by <a href="https://www.urban.com.au/architects/bates-smart">Bates Smart</a>&nbsp;who won the design competition for the project over the likes of Koichi Takada Architects and SJB.

The design pays homage to the cultural and natural heritage of <a href="https://www.urban.com.au/developments/waterloo-nsw-2017">Waterloo</a>, according to the documents submitted to the City of Sydney Council.

<img alt="923 - 935 Bourke Street, Waterloo woolworths" data-entity-type="file" data-entity-uuid="45b8ef6d-d22f-4ffd-88a0-de49b6f22243" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/923%20-%20935%20Bourke%20Street%2C%20Waterloo%20woolworths.png?VersionId=FZOSdZypbjQLZlTQWViAIxwNVbc80cxn" />

The precinct will be home to two residential buildings, along with a five-story commercial building. 110 one, two and three-bedroom apartments will spread across the two residential buildings, with 68 per cent designed as offering dual aspects,&nbsp;optimising natural light and ventilation

Drawing inspiration from Aboriginal Country and the area's rich history, the architectural expression features sandy-tone bricks and green hues reminiscent of the coastal landscapes and native flora that once flourished here.&nbsp;

Facade geometries, with splayed and peeled elements, echo the forms of Banksia Serrata and Melaleuca plants, further rooting the project in its local context.

<img alt="923 - 935 Bourke Street, Waterloo apartments" data-entity-type="file" data-entity-uuid="f7f48fdb-40c2-4f2a-af92-0d86023e2287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/923%20-%20935%20Bourke%20Street%2C%20Waterloo%20apartments.png?VersionId=LICj27a2inUPQ.UNUTxPYc7F5b5ahrgB" />

Residents will also benefit from communal amenities including a landscaped podium courtyard and rooftop terraces.&nbsp;

The apartments will rise from an activated ground plane where Fabcot intends to create a plaza-style precinct with&nbsp;specialty shops, cafes, restaurants, and a full-line Woolworths supermarket equipped with modern conveniences like direct-to-boot and e-commerce services.&nbsp;

The commercial building, strategically positioned at McEvoy and Bourke Streets, will cater to local workplace needs with compact, flexible office spaces.&nbsp;Its faceted design complements the surrounding streetscape while framing inviting views of the precinct’s public spaces.

<img alt="923 - 935 Bourke Street, Waterloo retail" data-entity-type="file" data-entity-uuid="db609e0e-4e08-4c5e-8541-ba5421e89346" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/923%20-%20935%20Bourke%20Street%2C%20Waterloo%20retail.png?VersionId=TqAK.Dj9UTNfl1.NHEG2pR8zks91ZmJE" />

Sustainable features include&nbsp;solar panels, EV charging stations, rainwater reuse systems, and low-carbon materials.&nbsp;

Six terraces homes to be managed by City West Housing with sit along Young Street.

Waterloo has been abuzz with activity recently.

Mirvac and John Holland <a href="https://www.urban.com.au/news/nsw/first-look-mirvac-john-holland-submit-960m-waterloo-metro-quarter-plans">revealed their near-$1 billion plans for the next stages of Waterloo Metro Quarter</a>, while across the road from the Woolworths plans, builder-developer DASCO recently got to work on&nbsp;<a href="https://www.urban.com.au/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017">Danks St District</a>, another precinct-style development with around 376 apartments across four buildings.

The design pays homeage to the cultural and natural heritage of Waterloo, according to the documents submitted to the City of Sydney Council

Woolworths unveils long-awaited Waterloo precinct with shop-top housing

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

Spacious Property Development Group is soon to welcome buyers to its newest apartment building, Voyage, in the Hobsons Bay area of Melbourne.

<a href="https://www.urban.com.au/new-apartments/voyage-altona-102-106-pier-street-altona">Voyage</a>, the only new development on the market in the <a href="https://www.urban.com.au/developments/altona-vic-3018">waterside suburb</a>, has been a hit with a variety of buyers, given the diverse mix of one, two and three-bedroom apartments.

Another big tick for buyers been the location, ideally located on Pier Street in the heart of the Altona major activity centre, a stone's throw from Altona Station, Altona Beach and its redeveloped pier, Altona Botanical Gardens, and an abundance of cafes and retail amenity.

<img alt="Voyage" data-entity-type="file" data-entity-uuid="1ef686f2-fc8b-48ce-a8cb-c8454e43230d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-20%20at%2011.16.32%E2%80%AFAM.png?VersionId=gjCQv695nsi3VmgWzrIJHBI2WmAuFcYo" />

The apartments, which start from just over $500,000, provide an affordable entry point for first home buyers, while its three-bedroom apartments are just over $1 million.

<a href="Cheah Saw Architecture">Cheah Saw Architecture</a>&nbsp;aimed to&nbsp;balance contemporary aesthetics with a nod to its bayside location in its design.

Its asymmetrical facade and refined material palette blend with <a href="https://www.urban.com.au/developments/altona-vic-3018">Altona</a>’s natural surroundings while standing out as a modern architectural addition to the area.&nbsp;

Interiors are minimalist, with a neutral colour palette.&nbsp;

[smartcode_project:default project_id=112195 project_image_fid=241501]

The open-plan living area features hybrid flooring and full-height glazing that highlight sweeping views of the bay and local landscape.

The kitchen is equipped with Miele appliances while the bathrooms feature porcelian tiles that frame the modern glass showers.

[smartcode_project:default project_id=112195 project_image_fid=241502]

Located around 13 kilometres southwest of Melbourne’s CBD and adjacent to Williamstown, Voyage offers a combination of connectivity and convenience.&nbsp;

Residents will have easy access to public transport, urban amenities, the Altona shopping centre, and Altona Beach.&nbsp;

The suburb’s lively retail and dining scenes complement its tranquil bayside atmosphere, making it a well-rounded option for owner-occupiers seeking lifestyle and accessibility.

[smartcode_project:default project_id=112195 project_image_fid=250084]

Buyers can secure their future homes with a five per cent deposit, making the development an appealing option for those looking to transition into apartment living.&nbsp;

<a href="https://www.urban.com.au/builders/valeo-construction">Valeo Construction</a>&nbsp;is well advanced in construction. They're expecting to complete the apartments in mid-2025.

[smartcode_project_cta:default project_id=112195]

Voyage apartments in Altona near completion

A few months after the Waterloo Metro station opened, joint venture partners Mirvac and John Holland have submitted plans for two more stages in the Waterloo Metro Quarter.

The $960 million, State Significant Development, which goes through government planning rather than the local council, will&nbsp;replace the previously approved commercial office development with a vibrant mixed-use precinct comprising residential towers, retail spaces, and community facilities.

The original Concept SSDA, approved in 2019, envisioned a mixed-use development but was later amended in 2021 to primarily focus on office space.

However, the developers cite significant shifts in market demand following the COVID-19 pandemic, including a decline in demand for city fringe office space and an escalating need for residential housing in the Waterloo-Zetland area.

<img alt="Waterloo Metro Quarter site" data-entity-type="file" data-entity-uuid="78cfb507-1f0a-4b4c-82ec-2e46230257b3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20site.png?VersionId=c9pMXppIhtDOh15tvcUx4MtSxg5i52cd" />

There are two sets of plans, for the Northern Precinct and the Central Over Station Development. The Northern Precinct will include two residential towers comprising a total of 336 apartments, 40 of which will be affordable housing. They will sit above a four-level&nbsp;podium with three levels of commercial office space and retail tenancies.

The precinct aligns with the original concept of high-density residential use, a shift from the previously approved 17-level commercial office building.&nbsp;

The maximum height of the proposed towers, 28 and 24 levels, remains compliant with local planning regulations.

<img alt="Waterloo Metro Quarter - Northern Precinct" data-entity-type="file" data-entity-uuid="8b3e4156-46b3-4c89-bf45-72cea009222f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Northern.png?VersionId=.cQvKeki4g2WFH5TJEOdH88Rp.eafrks" /> 
The build-to-sell apartments. Image credit: Woods Bagot

The Central Precinct, designed by Bates Smart, will focus on co-living accommodations, built above a podium with additional non-residential uses.

A childcare centre and other community facilities are planned for this part of the development, further diversifying the precinct's offerings.&nbsp;

Both precincts will maintain pedestrian connectivity through features like Raglan Walk, a through-site laneway.

<img alt="TOD" data-entity-type="file" data-entity-uuid="cbbe07e3-8990-45bb-882d-89b2e89ce5e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-20%20at%209.51.41%E2%80%AFAM.png?VersionId=xfa9jtgDfP1NDV1QsN5j9HREDsGbL5gy" /> 
The co-living apartments. Image credit: Bates Smart

Upon completion, WMQ will deliver 655 apartments, including student accommodation, social housing, and market apartments, 32,300 sqm of office space, and 4,500 sqm of retail space.

It is being positioned as a transformative addition to the area, comparable to successful developments like <a href="https://www.urban.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Hume Place</a> above <a href="https://www.urban.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> station.

Construction of the WMQ basement and the Southern Precinct began in early 2023, with the Waterloo Metro station opening in August 2024.&nbsp;

It is being positioned as a transformative addition to the area, comparable to successful developments like Hume Place above Crows Nest station

First Look: Mirvac, John Holland, submit $960m Waterloo Metro Quarter plans

Ron Jackson has called Mosman Park home for the last 25 years, so when the rare opportunity arose to downsize into a brand new apartment on the boundary of Mosman Park in North Fremantle, he jumped at the chance.

He has lived just 500 metres from <a href="https://www.urban.com.au/new-apartments/serai-north-fremantle-21-mccabe-street-north-fremantle">Serai</a>, the new apartment development by <a href="https://www.urban.com.au/developments/perth-wa">Perth</a> developer <a href="https://www.urban.com.au/developers/megara">Megara</a>, since the late 1990s.

"I've walked past the site, and the industrial buildings that previously occupied it, hundreds of times over the last two decades," Ron says.

[smartcode_project:default project_id=110291 project_image_fid=186209]

Ron and his wife saw an ad in the local paper, so when the project was launched, they attended the opening day reveal.

"We were certainly among the early buyers in the development," Ron recalls, adding that they were impressed with everything Megara had put together.

“The architecture and proposed fit-out looked fantastic, even on paper,” Ron said.

"The area boasts beautiful river walks, world-class beaches on its doorstep, and views of the harbour where cruise ships dock."&nbsp;

The apartments facing south offer panoramic views of the river, with the apartments facing north enjoying views of the magnificent northern beach coastline to Cottesloe.&nbsp;

Ron and his wife secured a three-bedroom apartment on one of the higher levels of the eight-level structure.

"We'll be in a position where our balcony wraps around so we have views directly over the Swan River, Port Beach and Fremantle Harbour. The chances are, given the rarity of new apartments in <a href="https://www.urban.com.au/developments/north-fremantle-wa-6159">North Fremantle</a> and being located high on a hill, the views will likely never be built out."

[smartcode_project:default project_id=110291 project_image_fid=186196]

Serai has been a hit with locals given North Fremantle hasn't seen a new development for several years, and nothing of this quality.

The two architecturally-striking towers, currently under construction and slated for completion in Q1 2026, will comprise 86 one, two, three and four-bedroom apartments and 11 luxury townhouses at the rear of the development. Serai also incorporates a host of impressive facilities which Ron says ticked all of the boxes.

“You name it, Serai has it,” Ron says of the development that will boast a heated swimming pool which will offer the most impressive views over the Swan, a gym with a yoga room and sauna, a fire-pit lounge, outdoor barbeque area, an outdoor cinema, a makers room, a whisky room and EV charging stations.

[smartcode_project:default project_id=110291 project_image_fid=186200]

The couple has a miniature schnauzer, so while a dog wash facility may seem minor compared to larger amenities like a pool or gym, it’s actually an important feature for some prospective buyers.

“It’s important to us that the building is pet-friendly, and the integrated dog wash facility tells us pets are welcomed in the building, and we likely won’t be the only ones with a dog.”

[smartcode_project:default project_id=110291 project_image_fid=186201]

The latest technology within the building was another tick, offering Ron and his wife an added layer of security. Easy access to Fremantle and Perth via two train stations and the availability of a number of private schools in the area is also another big draw card for prospective buyers.

“Everything is top of the range with CCTV and number plate recognition when parking. We are going to feel very secure in the building.”

[smartcode_project:default project_id=110291 project_image_fid=186207]

One of the most important parts of buying off the plan is to do full due diligence on the developer and its track record. Ron went to visit a building Megara completed a few years ago in Ardross.

"I actually lurked outside the building for an hour or so and caught a few residents coming and going from their apartment, so I got the chance to speak to them about their experience buying with Megara, but more importantly the quality of the building.&nbsp;

"Of the three or four owners I spoke to, everyone spoke highly of the apartment they bought, the quality of the construction, and the craftmanship of the interiors."

Ron believes the future resale value of the project should be solid because of the location, quality of the design, and the uniqueness of the project, a sentiment echoed by Megara Director Jamie Clarke.

"When completed, there will be almost nothing comparable to Serai, or anything under construction or even in planning currently. There won't be a lot of new stock that is competing within the immediate vicinity, and that's not lost on our buyers who know this is a rare opportunity," Jamie says.

Ron and his wife are one of many downsizers who are fuelling a large majority of the off the plan apartment market. Perth was the strongest capital city housing market in 2024, with house values increasing nearly 19 per cent.

Ron&nbsp;took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind buying off the plan property in Australia.

[smartcode_project_cta:default project_id=110291]

Ron believes the future resale value of the project should be solid because of the location, quality of the design, and the uniqueness of the project, a sentiment echoed by Megara Director Jamie Clarke.

Why Serai apartments in North Fremantle have resonated with the local market: Urban Buyer Q&A

Newcastle locals GWH is bringing its latest installment of new apartments to its native city, and their newest development, ERA, has been several years in the making.

<a href="https://www.urban.com.au/new-apartments/era-newcastle-124-126-bull-street-newcastle-west-nsw-2302">ERA</a>&nbsp;will comprises 281 one, two, and three-bedroom apartments across two striking towers a stone's throw from the best <a href="https://www.urban.com.au/developments/newcastle-west-nsw-2302">Newcastle</a> has to offer.

The acclaimed architecture studio, FK Australia, behind some of Melbourne’s most iconic buildings including the record-breaking Australia 108, led the design of the new project.

[smartcode_project:default project_id=135096 project_image_fid=309966]

“We brought in FK Australia to create something that Newcastle hasn’t seen before,” GWH Residential Sales Manager, Peter Kunov, said, adding that the development aims to place the city on the architectural map alongside Australia’s best-designed buildings.

We recently visited ERA's display suite to take a closer look as to what's on offer.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/f9PArf9R6YA?si=6ufGrOcS-HonP7ug" title="YouTube video player" width="560"></iframe>

FK has designed the building so the living spaces are wrapped in floor-to-ceiling glass windows, windows that almost replace walls. They wanted to maximise views and also let in as much natural light as possible.&nbsp;

[smartcode_project:default project_id=135096 project_image_fid=309968]

Much like GWH’s past developments, there was a conscious effort to offer significant resident amenity.&nbsp;

Connected by a three-level podium, the two towers share 2,000 sqm of communal space.

[smartcode_project:default project_id=135096 project_image_fid=309976]

Each tower will also feature a rooftop skygarden, offering all-weather function spaces and panoramic views of Newcastle’s harbor, beaches, and city centre.

<a href="https://www.urban.com.au/developers/gwh">GWH</a> is no stranger to delivering standout developments in Newcastle, with Sky Residences nearby serving as a testament to the convenience and lifestyle appeal of their projects.&nbsp;

[smartcode_project:default project_id=135096 project_image_fid=309977]

ERA’s location offers easy access to light rail, Honeysuckle’s waterfront dining and entertainment options, and Newcastle’s renowned beaches.

Construction on the Bull Street site is already underway, with completion anticipated by late 2027.

[smartcode_project_cta:default project_id=135096]

Construction on the Bull Street site is already underway, with completion anticipated by late 2027

GWH to usher in new ERA for Newcastle with latest apartment tower: Urban Display Suite Tour

Developer&nbsp;<a href="https://www.urban.com.au/developers/billbergia">Billbergia Group</a> and non-bank lender Metrics Credit Partners have teamed up to propose a new luxury mixed-use project in the increasingly evolving Sydney CBD.

The joint venture,&nbsp;Central Sydney Property Pty Ltd, has acquired a&nbsp;6,000 sqm site bordering Castlereagh, Pitt, and Liverpool streets from offshore developer Han's Holding Group and has revealed plans for two 80-level towers with around 600&nbsp;luxury apartments, a high-end hotel, retail spaces, and an enhanced public domain.&nbsp;

&nbsp;

The towers will be amongst the tallest in the Sydney skyline once complete.

It represents Billbergia’s first foray in the Sydney CBD and comes on the back of 88 Walker, its award-winning mixed-use project in North Sydney, delivered in partnership with Metrics, who has $22 billion in&nbsp;assets under management, specialising in fixed income, private credit, equity and capital markets.

<img alt="JV Partners Pitt Street" data-entity-type="file" data-entity-uuid="87ba23d9-9306-41ed-a011-931771042eca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/338%20Pitt%20Street%20-%20Aerial%20-%20Rev%20D%20-%20HR.jpg?VersionId=IKbcFRuNtLcmwERaag8aGIqgyBxG8Iv." />

“Our vision will transform this underutilised city block into a cutting-edge urban community with luxury residences supported by premium amenity, quality public domain and active placemaking,"&nbsp;said Saul Moran, Development Director at Billbergia.

"This mixed-use development is Billbergia’s first in the CBD and heralds the renewal of the Midtown district.

Following an international design competition in 2018, the project will be designed by&nbsp;<a href="https://www.urban.com.au/architects/fjc-studio">fjcstudio</a>, in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design.

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

“Our design proposal has a distinctive and forward-looking form but is also restrained, elegant and reinforces the geometry, urban structure and maturity of Sydney,"&nbsp;said Richard Francis-Jones, Design Director at fjcstudio.

"Fundamental to the urban character of the design is the fine-grain orthogonal structure of the public domain and streetscape. The small footprint tower forms nestle into a network of throughsite links and intimate public spaces addressed and activated by a variety of low-scale buildings - a city in microcosm."

Apartments will be delivered in a range of one, two and three-bedroom configurations, alongside exclusive penthouses with unobstructed views, spanning from Hyde Park to the Harbour and over Sydney Heads to the East.&nbsp;

With the site’s acquisition now complete, subject to relevant approvals, demolition is expected to commence next year.&nbsp;

With the site’s acquisition now complete, subject to relevant approvals, demolition is expected to commence next year

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