Reputable builder&nbsp;Decode has commenced construction on <a href="https://www.urban.com.au/new-apartments/atrium-at-carrington-place-40-42-ashford-avenue-castle-hill">Atrium</a>, the first stage of Ellipe Property's $750 million Castle Hill masterplan, Carrington Place.

&nbsp;Occupying 17 amalgamated sites along Carrington Road, Ashford Avenue and Partridge Avenue in Sydney’s north-west, Carrington Place is the largest residential masterplan in Castle Hill. It will deliver more than 800 new homes across five stages, helping to address Sydney’s critical housing shortage.

A recent groundbreaking event was attended by more than 100 partners and stakeholders, including the Mayor of the Hills Shire, Federal Member for Mitchell, and the Acting NSW Building Commissioner. The groundbreaking was celebrated with a traditional turning of soil as well as a smoking ceremony led by a local Deerubbin Elder, paying respect to the traditional custodians of the land in <a href="https://www.urban.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>.

<a href="https://www.urban.com.au/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> is <a href="https://www.urban.com.au/developers/ellipse-property-group">Ellipse Property</a>’s largest project to date, featuring architecture by the award-winning Tony Owen Partners and Stanisic Architects, with interiors by renowned design firm Studio SC, formerly known as Scott Carver.&nbsp;

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With the newly-built Hills Showground Metro Station unlocking greater connectivity between the Hills and the Sydney CBD, <a href="https://www.urban.com.au/developers/ellipse-property-group">Ellipse Property</a>&nbsp;Founder Sam El Rihani said that the groundbreaking marks the start of a thriving new community in Sydney’s burgeoning north-west – a sentiment echoed by Federal Member for Mitchell, Alex Hawke.

"With an ongoing shortage of high-quality, transport-oriented housing in greater Sydney, we’re proud to be delivering hundreds of quality new homes – with significant amenities and proximity to retail as well as the state-of-the-art Sydney Metro system," El Rihani said.

"Together with our partners, we are setting a new standard for modern, community-focused living in Castle Hill."

Alex Hawke said north west Sydney is becoming a hotspot for jobs and growth thanks to our world-class Metro infrastructure.

"The community has been ready for this change for some time now, and we thank developers like Ellipse Property for bringing that vision to Carrington Place,” said Hawke.

&nbsp;

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The masterplan will be constructed across five stages and feature abundant community space, with over 20,000 sqm of outdoor recreational area including a one-kilometre boardwalk connecting the precinct to the nearby Fred Caterson Reserve.

The project is seamlessly integrated with the surrounding bushland, with a site boundary that stretches right to the edge of Cattai Creek.

The Hills Showground Metro Station is just a two-minute walk from Carrington Place and offers fast connectivity to Sydney’s CBD, Chatswood, North Sydney, Macquarie Park, and Norwest Business Park.

Atrium comprises 140 one, two, three and four-bedroom apartments, some with double living spaces. Uniquely, over 75 per cent of apartments will feature studies or multi-purpose rooms, and abundant storage with various layouts also offering walk-in pantries.

&nbsp;

[smartcode_project:default project_id=89496 project_image_fid=216765]

Paying homage to its verdant setting, Atrium’s design features a curvilinear exterior echoing the form of Cattai Creek with lush landscaping surrounding the building on three sides. True to its namesake, it will also feature an expansive atrium at the ground floor entrance, further connecting residents to nature.

The development will offer elevated indoor-outdoor living, outdoor kitchens, BBQ areas, an outdoor gym, and rooftop terraces boasting sweeping views of the creek and the wider Hills region.

Atrium will be delivered by <a href="https://www.urban.com.au/builders/decode">Decode</a>, an award-winning Tier 2 residential builder and one of the first to achieve a prestigious Gold iCIRT rating.&nbsp;

<img alt="Construction starts on Castle Hill’s largest residential masterplan" data-entity-type="file" data-entity-uuid="02188aec-b465-44fd-bfe0-79fcd07432eb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Team%20Shot%20%281%29.jpg?VersionId=.ZEHlCX4.ECvwt6Yv_jdyeHmZF6EqXrZ" />

Acting NSW Building Commissioner, Matt Press, said housing is a massive investment for any consumer, and it is absolutely vital that they can trust the developer and builder they are dealing with.

"We need iCIRT-rated developers and builders like Ellipse Property and Decode to be the backbone of our industry, and the type of quality players that are filling the void of the housing supply crisis."

Apartments at Atrium have been sold predominantly to downsizers and first-home buyers, who are attracted to Castle Hill’s natural beauty, vibrant community and abundant retail and dining options.

Speaking at the groundbreaking event, the Mayor of the Hills Shire Dr Michelle Byrne said that Carrington Place addressed the needs of the Hills’ changing demographics.

“There are people that have lived in the Hills for 30,40, 50 years, they’re not leaving the Hills - they’re downsizing and choosing apartments," Byrne said.

"There are also more and more people from outside the Hills who want to be part of our community. I’m looking forward to welcoming these people, and projects like Carrington Place - that build not just apartment blocks, but communities - are the key."

Atrium is set for completion in early 2026.

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The masterplan will be constructed across five stages and feature abundant community space, with over 20,000 sqm of outdoor recreational area including a one-kilometre boardwalk connecting the precinct to the nearby Fred Caterson Reserve

Joel Robinson

Decode kicks off construction at Castle Hill’s largest residential masterplan, Carrington Place

Serial Broadbeach apartment developer, Morris Property Group, has completed Malo Broadbeach, its 10th apartment development in the booming suburb south of Surfers Paradise.

Residents will be getting the keys to the boutique development before Christmas.&nbsp;

Located on Jubilee Avenue, a stone's throw from the <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a> Light Rail stop and Pacific Fair, <a href="https://www.urban.com.au/new-apartments/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo</a> is made up of just 16 half-floor apartments across a nine-level building.

Each apartment has three bedrooms and around 130 sqm of internal living space.

[smartcode_project:default project_id=112549 project_image_fid=311734]

The apartments have been designed to take in as much of the surrounding area as possible, with floor-to-ceiling, double-glazed windows and doors that maximise views of the Gold Coast skyline and coastline.&nbsp;

Located in the heart of Broadbeach, Malo offers residents convenient access to some of the area’s most popular attractions.&nbsp; A short walk takes residents to Surf Parade, a lively hub with a range of dining options, while the famed Pacific Fair, the fifth largest shopping centre in the country, is just a few streets away.

[smartcode_project:default project_id=112549 project_image_fid=311722]

Kurrawa Beach and its surrounding parklands are a short walk.

Malo offers the most affordable apartments the Gold Coast has seen, and likely will see, for years.

Morris is working nearby on its 11th Broadbeach tower,&nbsp;<a href="https://www.urban.com.au/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a>, some 184 apartments that will be completed in 2027.

Much like Malo, Crest is also <a href="https://www.urban.com.au/news/qld/why-we-are-downsizing-to-crest-broadbeach-urban-buyer-q-a">attracting the downsizer market</a>.&nbsp;

[smartcode_project_cta:default project_id=112549]

Morris complete 10th Broadbeach apartmenet development, Malo, as buyers prepare to move in

In the penthouse market, buyers expect the highest level of detail in every aspect of the apartment, from the design and orientation to the finishes.

Respected Brisbane developer, <a href="https://www.urban.com.au/developers/consolidated-properties">Consolidated Properties</a>, left no stone unturned when crafting the penthouses atop <a href="https://www.urban.com.au/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>, one of the best riverfront apartment developments produced on the Brisbane River in decades.

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They knew exactly the clientele they were creating their apartments for, the affluent downsizer.

The Consolidated team recently revealed the final six residences&nbsp;atop the two-tower development, now over 95 per cent sold and under construction by building giant Hutchinson's Builders.

We recently visited the Monarch Residences display suite, on site at&nbsp;at 600 Coronation Drive, <a href="https://www.urban.com.au/developments/toowong-qld-4066">Toowong</a>, to chat with Don and the team at Consolidated about what made the penthouse collection special.

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Don says the team worked closely with&nbsp;<a href="https://www.urban.com.au/architects/john-wardle-architects">John Wardle Architects</a> and <a href="https://www.urban.com.au/architects/cottee-parker-architects">Cottee Parker</a>&nbsp;to create a collection of uncompromised focus on quality, timelessness, and attention to detail.

The final penthouses, created to evoke the same grandeur as a home just without the additional maintenance, range in size from 295 sqm to 347 sqm.

[smartcode_project:default project_id=113455 project_image_fid=302322]

They each have different floorplans, but the level of luxury is the same throughout, from soaring 3.4-metre-high ceilings to sweeping views of the Brisbane River and the city skyline from the riverfront terraces.

Everything in the penthouses is top-of-the-line. Herringbone European oak flooring features throughout the living areas, while the kitchen, fitted with a suite of&nbsp;premium V-ZUG Swiss appliances, is anchored by an oversized island bench with&nbsp;Dolce Vita quartzite.

Prospective penthouse buyers, as well as those who have been lucky enough to secure a piece of Monarch Residences, will be moving into the riverfront development in late 2025.

[smartcode_project_cta:default project_id=113455]

The final penthouses, created to evoke the same grandeur as a home just without the additional maintenance, range in size from 295 sqm to 347 sqm.

"A once-in-a-lifetime opportunity": Don O'Rorke discusses the Monarch Residences Penthouse Collection

The redevelopment of the landmark Shafston Estate, on over one-hectare of Brisbane River land in <a href="https://www.urban.com.au/developments/kangaroo-point-qld-4169">Kangaroo Point</a>, looks to be edging closer.

The plans are back with the Brisbane City Council to increase the density of the project, which was given the green light in early 2023.

Developer Burgundy Group had sought to develop a 15-level tower with 37 apartments designed by Rothelowman in 2022, with approval received in March last year.

The latest submission has come from&nbsp;Verso Development Group, an entity directed by Chinese-born Siwen Pan, who is believed to have taken over the 10,070 sqm site at 23 Castlebar Street.

Verso has brought in&nbsp;Kerry Hills Architects (KHA) to revise the plans for the unrepeatable site that is home to the&nbsp;1851, heritage-listed Shafston House, built by the Reverend Robert Creyke&nbsp;as a single-storey cottage called Ravenscott.

The proposal is for the tower to increase in levels to 25 and the apartments to go from 37 to 51.

<img alt="Shafston" data-entity-type="file" data-entity-uuid="55a90156-a5eb-420f-922c-e0bed0a6726e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-20%20at%202.02.43%E2%80%AFPM.png?VersionId=COey.vBpwZE_JIMeVG8cQpsXjIJHMFeq" />

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane’s finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," KHA noted in its Urban Context Report.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

The submission noted the departure point for the project is to celebrate the heritage elements that exist on the site.

"These elements manifest the layers of post-settlement history in Brisbane, and as part of the project they will be carefully and faithfully restored. They will be reinvigorated with uses that are closely associated with their original purposes as domestic and restorative spaces."

<img alt="Shafston" data-entity-type="file" data-entity-uuid="00cd19a0-27fa-47ea-8066-a781aabc893f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-20%20at%202.02.23%E2%80%AFPM.png?VersionId=SOFJU_WZr3RZjbe6zmGFNUOWzkZoOuJD" />

Verso was recommendaed by Urbis to provide an independent design review of the proposed changes to the existing code assessed development approval of the Shafston Estate.

Malcolm Middleton Architects produced the review on the former plans, suggesting they

"The proponent of the site has a vision of this unique property that exceeds the code assessed approval and associated design compliance approach," the review read.

"The amended design seeks to deliver a project that will make a significant contribution to the quality of the city residential standards as well as focal point of architectural expression that will create an urban uplift for the site specifically and the city overall."

As well as the new tower, there would be two riverfront homes, and a guest house in the retain Postal Depot Building.

Further changes to the 2023 approval include a new section of riverwalk along the river frontage of the site as public infrastructure, and a six-berth private marina will be constructed on the river out from the riverwalk, in place of the existing pontoon.

Verso has brought in Kerry Hills Architects (KHA) to revise the plans for the unrepeatable site that is home to the 1851, heritage-listed Shafston House, built by the Reverend Robert Creyke as a single-storey cottage called Ravenscott

Kangaroo Point's iconic Shafston House gets closer to apartment redevelopment

Everything about the inception of Australia 108, Melbourne's tallest residential tower, was groundbreaking, and to this date, still is.

The first proposal for <a href="https://www.urban.com.au/buildings/australia-108-70-southbank-boulevard-southbank">Australia 108</a> dates back to 2009 when Fender Katsilidis drew up plans for what was then a 226-metre-high tower with 526 apartments.

Three years later, those plans were significantly upscaled, taking it to 388 metres and well over 100 levels. The increase in levels would see apartment numbers jump to 646, and a six-star hotel included among office and retail levels.

Despite approval granted by the then Victorian Planning Minister Matthew Guy, Government entities wouldn't make concessions to help deliver a building that breached height restrictions. It was also reported that the tower was so tall that it would have infringed on federal regulations protecting aircraft safety.

Singaporean developer World Class Global then swooped on the large site at 70 <a href="https://www.urban.com.au/developments/southbank-vic-3006">Southbank</a> Boulevard in 2013, scaling the plans down to a 317-metre high skyscraper with 100 levels and 1,105 apartments, an increase in density that saw the hotel component removed. It would still make it the second tallest building in Australia, only behind the QT on the Gold Coast.

Nonda Katsalidis led the design delivery of Australia 108, taking elements of the design from the nearby Eureka Tower which he also designed. Eureka, developed in 2006, is Melbourne's second tallest tower.

Since its completion in 2020, Australia 108 still stands as the tallest residential tower in the southern hemisphere, a&nbsp;title which will be difficult to replicate given the cost of building since the onset of COVID-19, paired with the scarcity of land across Australian cities where height limits are all-but unrestricted.

When a property is difficult to replicate, it can be a strong indicator of future price growth.

[smartcode_project:default project_id=582 project_image_fid=182851]

A major difference at Australia 108 compared to the current crop of off the plan apartment towers in Melbourne, and across the country, is that the highest levels are necessarily solely reserved for the penthouses. Because of the sheer scale of Australia 108, one and two-bedroom apartments can be purchased 67 levels into the sky, something no other development in Melbourne can offer.

There are two types of residence collections on offer at Australia 108, each with interiors by the renowned <a href="https://www.urban.com.au/architects/carr-design">Carr Design</a>.

The Sky Rise Residences, with one and two-bedroom apartments, deliver practical layouts and a timeless design suited to city living, starting from $560,000.&nbsp;

[smartcode_project:default project_id=582 project_image_fid=79946]

The Cloud Residences, positioned from level 72 upwards, comprise expansive three-bedroom layouts resembling the proportions of a traditional home. These apartments range from 120 sqm to 211 sqm and start at $1,528,000.

Each apartment features expansive floor-to-ceiling windows so residents can not only look across the Melbourne city skyline, but look over it.

Given the size of Australia 108, it was important to match that with more than the standard levels of resident facilities.

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Level 11 comprises the Sky Rise Club, home to a&nbsp;fully equipped gym with a steam room and sauna, a swimming pool, theatre, and a golf simulator.

The Star Club, on levels 70 and 71, might offer the highest resident amenity in the country, excluding rooftops. Over 2,800 sqm is reserved for more facilities across the two levels. There are&nbsp;dual glass infinity pools with extensive views, two gyms, five dining rooms, a sky garden, a private cinema, a reading room, and a luxurious lounge.

Australia 108 apartments are completed and ready to move in.

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A major difference at Australia 108 compared to the current crop of off the plan apartment towers in Melbourne, and across the country, is that the highest levels are necessarily solely reserved for the penthouses

Inside Australia 108: The groundbreaking Melbourne apartment tower offering the highest apartments in the southern hemisphere

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.

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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.

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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.

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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.

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<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

The first luxury waterfront apartments to be developed in almost a decade in North Queensland have been unveiled by Townsville developer Maidment Group.

Maidment Group, headed by long-time local developer Glen Maidment, has officially launched the $65 million Marina Residences, a collection of 18 luxury apartment on the last remaining site at the end of Mariner’s Peninsula off The Strand.&nbsp;

“We feel the time is right to deliver Marina Residences because there is such demand for luxury property in the region, but no product is available in the market,” said Glen Maidment, whose Maidment Group has developed in the Townsville region for the last 20 years.

“We bought the site some years ago and have planned meticulously to deliver a project that will set a new benchmark for North Queensland.

“Interest has been very strong prior to the formal release of the project and with seven sales already secured to pre-registered buyers prior to our November launch, this reflects the pent-up demand for luxury apartments in Townsville.”

<img alt="Maidment Group’s $65 million Marina Residences " data-entity-type="file" data-entity-uuid="6d8b4f43-2948-4e47-a829-883b4a9713cb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Apartment%201%20Living.jpeg?VersionId=9jpuSe9p5CWDNbMFgha.6lwIcwk428xd" />

Designed by Brisbane-based architect bureau^proberts,&nbsp;Marina Residences will rise 10 levels on a prime 1,400 sqm site at the end of Mariners Peninsula, which is located along Townsville’s iconic lifestyle destination of The Strand. The site was originally owned by publicly listed apartment developer Mirvac, which divested the site a decade ago.

Marina Residences offers a collection of 18 residences comprising 15 three-bedroom apartments and three Sky Homes – including the penthouse. Prices start from $2.7 million.

Residents will enjoy a suite of sophisticated resort-style amenities, including a gym, a private meeting room and a dining room, as well as a rooftop pool and sundeck that offers unobstructed vistas across the waterfront and east to Magnetic Island.

“Marina Residences is destined to become a landmark project that will redefine luxury living in the region,” Maidment added.

“We’ve spared nothing to create one of the most exciting new developments in the heart of Townsville. It’s sophisticated living at its best and undoubtedly one of the best projects we have ever presented to the market.”

Marina Residences builds on the success of Maidment Group’s first stage of its Mariners Peninsula offering - Marina Homes, which comprised eight luxury waterfront homes that were completed in mid-2024.

“The incredible success of Marina Homes, with all eight residences sold off the plan, highlights the strength of the Townsville market for luxury properties,” said Maidment.

“Among the potential buyers who have been looking to gain a foothold at Marina Residences are professionals and downsizers who are seeking the ultimate address on Townsville’s spectacular waterfront. They see this as the best address in town.”

<img alt="Maidment Group’s $65 million Marina Residences " data-entity-type="file" data-entity-uuid="749e718a-47b2-4cae-b623-a320258f5d50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Superman.jpeg?VersionId=5fA9yI5BqhyseHdVS6l5pqr4TkPzZoud" />

Marina Residences are priced from $2.7 million. Sky Home 1, which offers an expansive 495 sqm of living space, is set to smash sales records for the region.&nbsp;

“Sky Home 1 is the most significant residence to ever be released in North Queensland, presenting an incredible opportunity for the discerning buyer to secure a penthouse which compares to the very best ultra-luxury properties on offer throughout Queensland,” said Maidment.

“We believe the Townsville market is primed for residences of this calibre, and we have been firmly encouraged by the positive early response from the market. The economy is humming, and there is just no stock.”

The developer has appointed Hurst Constructions to deliver the project, extending Maidment Group’s long-standing relationship with the fellow Townsville-based business.

Marina Residences has recently been recognised with two prestigious awards at the recent 2024 UDIA Queensland Awards for Excellence, receiving accolades for Boutique Development and Regional Project of the Year for Stage 1 of the project, solidifying the demand for this exceptional property in the market.&nbsp;

In the wake of strong pre-sale commitments, Maidment plans to start construction of the Marina Residences apartment tower in January 2025. The project is scheduled for completion in late 2026.

Marina Residences offers a collection of 18 residences comprising 15 three-bedroom apartments and three Sky Homes – including the penthouse. Prices start from $2.7 million

Maidment Group to deliver Marina Residences, North Queensland's first waterfront apartments in a decade

John Camilleri, the famous breeder of the legendary mare Winx, has continued his spending spree in the new development market on the Gold Coast.

Earlier this year, the Sydney-based breeder paid just over $30 million for Pacific Point, a 10-level apartment block, and a three-level duplex, from fellow racing identity, Aquis billionaire Tony Fung.

The 1,682 sqm site at 3464-3468 Main Beach Parade, <a href="https://www.urban.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, had been earmarked for a 48-level hotel with 580 rooms. Camilleri has already reworked the plans, now proposing a 40-level tower with 93 apartments.

He's emerged again on property records, swooping on another project.

<img alt="AALTO" data-entity-type="file" data-entity-uuid="e3c716e1-dd20-485d-9270-aae6b26e8f55" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-15%20at%2010.58.45%E2%80%AFAM.png?VersionId=4jWmMDc5em9AUVc3A6DNr8DdackbC1ux" />

He's spent $53.65 million on Garfield Terrace, the 1,500 sqm site that was pitched for AALTO, a luxury tower with 75 apartments.

<a href="https://www.urban.com.au/new-apartments/aalto-75-79-garfield-terrace-surfers-paradise">AALTO</a>, at 75-79 Garfield Terrace, was being developed by Sydney-based Weiya Holdings, the developer behind De-Luxe, the redevelopment of the Old Burleigh Theatre Arcade in Burleigh Heads.

AALTO launched in late 2022, and reportedly secured a flurry of sales including a $15 million penthouse that was bought by a local who works in the property industry.

The penthouse had been slated to have&nbsp;five bedrooms, its own cinema room, a gym, an indoor and outdoor kitchen, and a 15-metre swimming pool.

Locals had driven the majority of enquiry, selling agent Patrick Pancur said.

A series of setbacks however has meant there's been no site activity, with a builder never appointed.

The site sale is just shy of the <a href="https://www.urban.com.au/news/qld/first-look-ktq-sell-garfield-terrace-site-for-56-million-as-demand-soars-for-gold-coast-beachfront-sites">$56 million secured by Peggy Glannery's KTQ</a> for its 2,025 sqm site just down the street at 27 Garfield Terrace.

Camilleri has emerged yet again on property records, swooping on another failed project.

First look exclusive: Winx breeder John Camilleri continues Gold Coast apartment development site spree

The Brisbane-based Dusk Group is making a bold move north, submitting plans for a rare new apartment development in Caloundra on the Sunshine Coast.

<a href="https://www.urban.com.au/developers/dusk-group">Dusk Group</a>, led by Hew Feeney, is seeking to develop Sunset by Dusk Group, a seven-level building at&nbsp;5-7 Bombala Terrace, a prime 1,255 sqm site a few streets away from both the beach and the centre of&nbsp;<a href="https://www.urban.com.au/developments/caloundra-qld-4551">Caloundra</a>.

Just 36 apartments have been proposed in the building designed by <a href="https://www.urban.com.au/architects/mas-architecture-studio">MAS Architecture Studio</a>.

Lead architect Nick Symonds said he’s taken his inspiration from the nearby Kings Beach and Bulcock Beach.

<img alt="Sunset by Dusk Group in Caloundra site" data-entity-type="file" data-entity-uuid="bb21fe84-dc53-4ac0-a3c6-25615c7653b2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/00_5.png?VersionId=9WzP0Z2jgAS3iep9l5ULMGpfjRGmEpzJ" />

“The façade’s earthy colour palette and contrasting textures reflect the warm golden sands of Caloundra’s local beaches, giving an instant holiday feel,” Symonds said. &nbsp;

“The gently curved balconies reflect a contemporary coastal aesthetic while the floor-to-ceiling windows and spacious balconies create true indoor, outdoor connection.” &nbsp;

The design incorporates a ground-floor swimming pool, BBQ area, resident lounge area, welcoming foyer, and a green communal space.

<img alt="Sunset by Dusk Group in Caloundra" data-entity-type="file" data-entity-uuid="fc918913-e856-431c-bf43-e69ab0f79fbf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/00_2.png?VersionId=IoD7CsxTjanwU3HYHOJjYnts3QX0x_PR" />

“Sunset delivers what people have come to expect from modern coastal living.” &nbsp;

Dusk Group Director Anthony Short&nbsp;said residents will enjoy amazing water views to the north, east, and south. &nbsp;

“Residents can take in breathtaking sunset panoramas from Bulcock Beach to Bribie &nbsp;Island, and there’s the stunning Glasshouse mountains to the west,” Short said.&nbsp;

<img alt="Sunset by Dusk Group in Caloundra" data-entity-type="file" data-entity-uuid="4e43995e-f6c1-4220-bf4c-3b00dcff0d6f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/00_4.png?VersionId=UURPcs3rY5aXvmGJdbOhN2qmTyj8CwO." />

The development is not just close to the beach but within walking distance to many modern amenities including Seasons Supermarket, Bicentennial Park, Kings Beach Tavern, and Caloundra Bowls Club. &nbsp;

One, two, and three-bedroom apartment configurations will be on offer, with prices starting from $700,000, appealing to a wide range of buyers including first home buyers, investors, and local downsizers. &nbsp;

“I can’t wait to see Sunset come to life, meeting the need for quality design holiday apartments in the booming Sunshine Coast region,” Symonds added.&nbsp;

Construction is expected to begin in the second quarter of 2025.

Dusk Group is currently delivering <a href="https://www.urban.com.au/new-townhouses/aurora-on-depper-st-lucia-68-72-depper-street-st-lucia">Aurora on Depper</a>, a small collection of townhouses in <a href="https://www.urban.com.au/developments/st-lucia-qld-4067">St Lucia</a> in <a href="https://www.urban.com.au/developments/brisbane-qld">Brisbane</a>.

One, two, and three-bedroom apartment configurations will be on offer, with prices starting from $700,000, appealing to a wide range of buyers including first home buyers, investors, and local downsizers.

Dusk Group sets sights on Caloundra new apartment market

Apartment developer Mosaic is onto its fifth tower in as many years in the booming <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a>.

<a href="https://www.urban.com.au/developers/mosaic-property-group">Mosaic</a>, currently delivering sister towers <a href="https://www.urban.com.au/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach">Lily by Mosaic</a> and <a href="https://www.urban.com.au/new-apartments/marella-146-surf-parade-broadbeach">Marella&nbsp;by Mosaic</a> after previously completing Bela and Dawn nearby, has filed plans for 59 apartments at 22 Mary Avenue, next door to the <a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-reveals-broadbeach-apartment-plans">new 47-level tower</a> planned by <a href="https://www.urban.com.au/developers/abedian-co">Abedian &amp; Co</a>.

Mosaic had Melbourne-based architecture firm <a href="https://www.urban.com.au/architects/elenberg-fraser">Elenberg Fraser</a> create the scheme for the 38-level building.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/why-its-all-about-broadbeach-still">Why it's all about Broadbeach...still</a>

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="e2d40a8f-82df-41c1-b5a4-b0a04d9b888b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.48.15%E2%80%AFAM.png?VersionId=rTs_2wgHT9K8fgNCwiSRnVwcbN_EmliH" />

Elenberg Fraser, who designed the soon-to-be-completed Mondrian in <a href="https://www.urban.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a> but whose majority of work has been in the Victorian capital, cited the famous quote from German-American architect Ludwig Mies van der Rohe in its design statement submitted to the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> City Council this week

“A statement of minimalist design, stripping away the unnecessary to reveal the essence of structure and space.”

The three-level podium will be occupied by car parking, while the fourth and fifth levels are dedicated to amenities like a swimming pool and pool deck, a gym, and a wellness area with a sauna, steam room, cold plunge, magnesium plunge, and a spa, and a library lounge,&nbsp;boardroom, and an office.

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="c763d494-965a-405e-87f4-d42f754644b1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.58.35%E2%80%AFAM.png?VersionId=PQ9P._RpPigg_3n5QJmdMWKBx5YJ.AWp" />

There will be just two apartments per floor from level six to level 33, one with three bedrooms and 166 sqm of internal living space and the other with three bedrooms and an MPR with just under 200 sqm of internal space. They each have an 18 sqm balcony, oriented east to face the ocean.

The top three levels will home three full-floor penthouses, each with four bedrooms, a home office, and several entertaining areas. They will have 365 sqm of living space.

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="9ed2edcb-21bd-4317-81fa-7a6e3bbb82a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.48.09%E2%80%AFAM.png?VersionId=L0AMa0ieEeytY0jIVVFnoqs_0jXLBHcG" />

GV Property Group's Luke Reaby put the site together, securing around a 40 per cent uplift on values for the eight individual owners in the late 1960s building.

The 1,014 sqm site has a 33-metre frontage to Mary Avenue, a popular street for both developers and buyers due to its proximity to Broadbeach State School, which ensures protected views of the beach and ocean.

Mary Avenue has been a popular street for new apartment developers and buyers due to its protected views of the ocean

First look exclusive: Mosaic file plans for fifth Broadbeach apartment development

A new tower has been pitched in Surfers Paradise, offering some of the largest apartments Surfers Paradise has ever seen.

The Sydney-based YHY Group has sought to develop a 33-level building with 74 dwellings across an amalgamated triple site incorporating 56, 58 and 60 Sunset Boulevarde on the Nerang River.

Mode Design Corp submitted the architectural plans, stating the tower will redefine luxury on the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a>&nbsp;and will&nbsp;"craft an exclusive sanctuary where glamour, privacy, and nature converge seamlessly."

"Designed as an elevated haven on the Gold Coast, the tower draws inspiration from the natural elements—sky, water, greenery, and stone—and offers residents a harmonious blend of high-end design and biophilic appeal."

"Sculptural facades and curving forms create a visually captivating tower, accentuated by layered glass balustrades, balconies and feature glazing that gracefully wrap around the structure, capturing light while shielding from direct sun, ensuring comfortable interiors with uninterrupted vistas."

<img alt="YHY" data-entity-type="file" data-entity-uuid="ae723e1d-bd9b-4ae6-9903-1b0eae99ff75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-12%20at%201.13.04%E2%80%AFPM.png?VersionId=_7NCwn5MdgDszkk6Soy4cATEb.PWxSaw" />

Pitched is a single, three-level villa on the ground floor with six bedrooms and a pool, beneath a full-floor apartment with six bedrooms.

The building is split in two, with 16 three-bedroom, half-floor apartments, with a minimum of 345 sqm of internal space, running up to the two levels of amenities.

The ninth level will feature a kids play area with an adjoining creche, a lap pool that runs along the edge of the building, a recovery space with a sauna and steam room, a yoga room, a gym, golf simulator, and a wellness spa with a treatment room and a massage room.

Above is another swimming pool, this one with&nbsp;an integrated pool bar and spa which has been oriented to offer gun-barrel views to the Surfers skyline. On the same level is a lounge, a bookable lounge with a kitchen, and a business centre.

Above will be three units per floor, three, four and five-bed apartments until level 33, where the two-level north and south penthouses start. They will have six and five bedrooms each, as well as an MPR room, a sauna, and their own private pools.

<img alt="YHY" data-entity-type="file" data-entity-uuid="42a8c0bd-d2a2-4328-af10-e0cec3845614" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-12%20at%201.13.49%E2%80%AFPM.png?VersionId=lSOxEWM2ZTC8aiM2j5VvpPp.d5S7gPlT" />

The "Ultra Penthouse" is one of the largest ever pitched on the Gold Coast at 1,449 sqm of internal living space.

The ground level is set to feature&nbsp;a grand entry lobby, a cigar room, a cellar, library, study, bar and multiple entertaining areas.

There are five bedrooms spread across the five levels, as well as two staff quarters. The top level is dedicated just to a master suite, with a sauna, a gym, and a spa on the balcony. Including external space, the penthouse totals 2,239 sqm.

"This oasis in the sky exemplifies opulent high-end luxury living, where architecture and environment unite to create an extraordinary, luxurious lifestyle along the Gold Coast," Mode added.

The penthouse is larger than the one atop <a href="https://www.urban.com.au/new-apartments/chevron-one-36-44-stanhill-drive-chevron-island">Chevron One</a>, currently under construction on <a href="https://www.urban.com.au/developments/chevron-island-qld-4217">Chevron Island</a>.

The penthouse, which is set to be retained by Elias Jreissati, the chairman of Chevron One developer <a href="https://www.urban.com.au/developers/bensons-property-group">Bensons Property Group</a>, measures over 1,700 sqm in total&nbsp;– 946 sqm internal and a further 774 sqm under roof of external space.

&nbsp;

The new development is a few doors down from Sunset Residences, the more boutique 43-apartment development soon to launch by Roy Skaf's Macquarie York at <a href="https://www.urban.com.au/new-apartments/50-sunset-boulevarde-surfers-paradise">50 Sunset Boulevarde</a>.

First look: The Gold Coast's largest penthouse pitched for new Surfers Paradise tower

In the new development space, the smallest detail can impact whether a buyer goes with your development, or someone elses.

Milton Young, a Gold Coast local and a director at national scaffolding supplier BuildSafe, had been looking for his next home, nearer the coast, having sold the family home in Clear Island Waters earlier this year.

He'd narrowed his search to the sought-after southern pocket of the Gold Coast, near the surf and the growing hospitality scene.

"We were fairly late to the party on discovering the southern end of the Gold Coast," Milton said.&nbsp;

"You're so protected from the winds of the Gold Coast, which makes beachfront living more attractive than some of the more northern suburbs."

Young was open to both the established and off the plan apartment market, but nothing he'd seen had felt quite right.

Having looked around Kirra, where almost every apartment had either a road or a park, or both, separating it from the beach, Milton opened the search north to Tugun and <a href="https://www.urban.com.au/developments/bilinga-qld-4225">Bilinga</a>.

While there are several boutique buildings under construction on Golden Four Drive, one of just two true beachfront streets in Bilinga, <a href="https://www.urban.com.au/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> by&nbsp;<a href="https://www.urban.com.au/developers/siera-property-group">SIERA</a>&nbsp;stood out in particular, initially for the most unlikeliest of&nbsp;reasons.

[smartcode_project:default project_id=138311 project_image_fid=264301]

"It was one of the cleanest building sites I'd seen," Milton said, adding that while it's not the be-all and end-all, what it told him was that both the developer and the builder were taking great care in every facet of the new development, and that would no doubt extend to the apartments.

"Something&nbsp;was happening there every day," Milton recalled.

"When you're dealing with buying off the plan, you have very little to physically take in, so anything you can see for yourself, is very important in the decision-making process. It gave me a high level of confidence."

[smartcode_project:default project_id=138311 project_image_fid=264303]

Milton visited the display and was particularly impressed with the size of the apartments on offer, as well as the price, compared to some other developments, and the density of the building.

"The price per sqm rate is as good as you can get on the southern Gold Coast," Milton said.

"It can get to $30k plus in Kirra, Palm Beach or Burleigh. Pipis is closer to $14,000 per square metre. I couldn't look past that value proposition."

[smartcode_project:default project_id=138311 project_image_fid=264302]

There will be just 19 apartments in Pipis, which was also a drawcard for Milton.

"With less than 20 apartments, you're not going to be&nbsp;constantly sharing a lift, or sharing the pool. I love the small details, like the lift opening right into your apartment."

Another bonus was that one of Milton's friends was doing the landscaping for Pipis, and spoke highly of both the developer and builder. They were also putting in extensive greenery in the building, more than competing projects on the beachfront.

[smartcode_project:default project_id=138311 project_image_fid=264308]

On buying off the plan for the first time, Milton said paperwork, for any property transaction but particularly off the plan, can be daunting.

"Brad from Siera connected us with the solicitors handling the project, and everything went smoothly. We didn’t have to search for a new solicitor or worry about the paperwork. It was all taken care of as part of the buying process, which gave us confidence that we had chosen the right team."

Milton did his due diligence on Siera, who is part of the team, and what they'd delivered before, before purchasing a three-bedroom, half-floor apartment at Pipis.

Pipis, currently under construction through regarded builder LPS Group, is slated for completion in early 2025.

Milton took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind&nbsp;<a href="https://expert-insights/buying/the-top-eight-considerations-when-buying-off-the-plan" target="">buying off the plan</a>&nbsp;property in Australia

[smartcode_project_cta:default project_id=138311]

While there are several boutique buildings under construction on Golden Four Drive, one of just two true beachfront streets in Bilinga, Pipis by Siera stood out in particular, initially for the most unlikeliest of reasons.

Why density and delivery matters to downsizers on the Gold Coast: Urban Buyer Q&A

<a href="https://www.urban.com.au/developers/traders-in-purple">Traders in Purple</a> has revealed what it is planning to do with their recently acquired riverfront site in Brisbane's West End.

Traders picked up the <a href="https://www.urban.com.au/new-apartments/117-victoria-street-west-end">117 Victoria Street site</a> from Crown Group earlier this year, spending $63.5 million on the 1.25-hectare block which had approved plans for over 440 apartments.

They have called on Rothelowman to completely change the design and density. The project will now offer just 132 apartments and 32 river and terrace homes.

<img alt="Traders" data-entity-type="file" data-entity-uuid="2f65cc4f-3096-435b-9342-9aefb67e6ee6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-08%20at%209.16.30%E2%80%AFAM.png?VersionId=wk.r1rfoJwMr91mnvXPNItTi5Cw10Cki" />

Rothelowman noted in the design report said&nbsp;117 Victoria Street is a project about neighbourhood.

"[It's] the&nbsp;creation of a new neighbourhood within the context of an emerging place, a neighbourhood that links the existing vibrancy of West End (one of Brisbane’s oldest villages) back to the Brisbane River. A neighbourhood that balances a series of scales, housing diversity, streets, verges, parks and landscape. A neighbourhood that is aspirational in its desire to offer new ways of living in the subtropics that are focused on a humanist agenda."

<img alt="Traders" data-entity-type="file" data-entity-uuid="2b6c2011-ba0a-46e5-ad84-3a0bdcd6e1c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-08%20at%209.16.41%E2%80%AFAM.png?VersionId=7wwmi.rkrR71o2M8N9roOAQekM7.NkIA" />

They said the site is afforded&nbsp;an amazingly beautiful context and proximity to quintessential Brisbane landmarks, with the&nbsp;surroundings offering a mix of green streets and the timber and tin of Brisbane’s past.

"The design leans into the power of these assets and focuses site arrangements, dwelling orientation, and placement to gain deliberate and framed outlooks to the surrounds.

"The project focuses on the notion of quality over quantity. Built form is arranged to collaborate with the existing and future emerging developments of neighbouring sites providing generous building separation and relief within the broader neighbourhood."

<img alt="Traders" data-entity-type="file" data-entity-uuid="6c73d7cc-6c3f-4e30-b982-bde29c2ceff1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-08%20at%209.17.30%E2%80%AFAM.png?VersionId=6GAgaJwdN_nEzER7d6OCCepUZcH6YMAB" />

Of the 132 apartments, there will be just two one-bedroom units, 32 two-bedders, and 98 three-bedrooms. 365 parking spaces will be provided, as well as 205 bicycle spaces.

The 32 riverfront and terrace homes offer either three or four bedrooms.

On the site purchase,&nbsp;<a href="https://www.urban.com.au/developers/traders-in-purple">Traders in Purple</a>&nbsp;Director George Geagea said the size and location of the&nbsp;<a href="https://www.urban.com.au/developments/west-end-qld-4101">West End</a>&nbsp;site presented a rare opportunity to create a remarkable lifestyle-focused destination just 4km from the Brisbane CBD.&nbsp;

“This is a spectacular site, one of the largest on the Brisbane riverfront to come to market in recent years,” Geagea said.&nbsp;

<img alt="Traders" data-entity-type="file" data-entity-uuid="de27c048-2ca3-4ea4-a1cf-879710a74fb1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-08%20at%209.34.22%E2%80%AFAM.png?VersionId=MWEROsww.NbY_N_xnorp9QOreyiZSHPi" />

“We have long wanted to make our mark in Brisbane’s inner-city but we were prepared to wait until the right &nbsp;site came along.

“Expansion into the inner-city of Brisbane is a natural growth for Traders In Purple. We have had incredible success on the Moreton Bay Peninsula where we have delivered 12 luxury waterfront projects over the past 15 years.”&nbsp;

Traders' inhouse construction arm will build the new project.

Rothelowman noted in the design report said 117 Victoria Street is a project about neighbourhood.

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