Monaco Property Group has acquired the Miami holiday destination Nalu for $70 million in one of the biggest residential deals on the Gold Coast in 2025.

The acquisition by Monaco Property Group, a Gold Coast company associated with seasoned developer Jonathan Grasso and Australian businessman Jay McPhee, positions the group to create a landmark beachfront project on a site that has been a popular drawcard for locals and holidaymakers for decades.

Formerly known as Nobby’s Outlook and originally developed in the early 1970s,&nbsp;Nalu comprises 46 two and three-bedroom apartments that are currently offered as long-term rentals.

It consists of four connected two-level buildings in a square configuration that includes a central recreation area with two swimming pools, and underwent a major refurbishment in 2019 after which it was renamed Nalu – a Hawaiian word that translates to ‘wave’.

The property benefits from an idyllic location fronting Thorn Park and Miami North Beach while offering 80 metres of uninterrupted ocean frontage and a central location which is just a short stroll from the popular Nobby Beach retail and dining precinct.

Monaco Property Group is leveraging its extensive development expertise to reimagine the expansive 7,238 sqm site, with the company currently laying plans for an ultra-luxury new residential development that takes advantage of its unique location in one of the most sought-after coastal enclaves on the Gold Coast.

Among the latest high-profile developments undertaken by Monaco Property Group is the $114 million award-winning Capri Villas, a collection of 48 architecturally designed villas at Isle of&nbsp;Capri on the central Gold Coast, which are due for completion in Q3 of this year.

“We’re extremely excited to have secured Nalu, one the best beachfront development sites on the eastern seaboard of Australia,” Grasso said.

“The site is not only one of the largest beachfront development sites on the Gold Coast, but its position overlooking the beachfront and close proximity to the heart of Nobby Beach provides a truly unique opportunity for our team to create an incredible residential development that will be a legacy for years to come.”

Nalu was secured by Monaco Property Group through an off-market deal in which the company dealt directly with the vendor. Monaco Property Group plans to lodge a development application for the site with the Gold Coast City Council.

“We are very excited to be working up plans for a truly world class project on such a unique site with an incredible 80 metres of beach frontage, which is certainly a rarity on the eastern seaboard of Australia,” Grasso added.

“It’s a property that locals know well, which is why we have decided to retain the name Nalu as it reflects the vision we have for this property. It’s very rare to have a site bound by two natural assets, being the pristine beach frontage and the lush elevation of Nobbys Hill and Lions Head Park. In line with our founding philosophy, our plans for Nalu will be defined by a commitment to quality, legacy, incredible landscape, world-class amenity and wellness, and an architectural statement of excellence.”

Located at 122-130 Marine Parade, Nalu backs onto Nobbys Hill and the untouched natural beauty of Lions Head Park to the west, while offering ocean views to the Miami North beachfront and south to Coolangatta and Rainbow Bay.

Nalu was secured by Monaco Property Group through an off-market deal in which the company dealt directly with the vendor

Joel Robinson

Monaco Property Group pays $70m for Miami site, plots luxury apartment development

Leading Australian development manager, <a href="https://www.urban.com.au/developers/fortis">Fortis</a>, is continuing to make its mark on the luxury apartment market in Melbourne's best suburbs.

Fortis, the development arm of real estate investment giant Pallas Group, has commenced construction on Carmine House in <a href="https://www.urban.com.au/developments/richmond-vic-3121">Richmond</a>, one of Melbourne's most vibrant and tightly-held inner city suburbs, which has seen a shortage of new apartment developments in recent years.

<a href="https://www.urban.com.au/new-apartments/carmine-house-richmond-5-wiltshire-street-richmond-vic-3121">Carmine House</a>, located on Wiltshire Street, just one row back from the iconic Swan Street and a stone's throw from East Richmond Station, will comprise 52 generously-sized, two- and three-bedroom apartments across an 11-level building crafted by <a href="https://www.urban.com.au/architects/sjb-architects">SJB</a>, with interiors by <a href="https://www.urban.com.au/architects/hecker-guthrie">Hecker Guthrie</a>.

Construction is well underway, with significant progress made across the basement levels. Two tower cranes are now in operation, forming a visible part of Richmond skyline and supporting the vertical build as the structural core begins to rise above the hoarding.

The project is being delivered by <a href="https://www.urban.com.au/builders/hacer-group">Hacer Group</a>, a well-established local construction firm with a track record of delivering&nbsp;several high-quality apartment developments like Victoria Hill in Camberwell and Como Terraces in South Yarra.

[smartcode_project:default project_id=13181 project_image_fid=341429]

Carmine House has been designed to reflect Richmond’s industrial character, immediately obvious from its striking facade, which combines red brick, concrete, and glass.

The interiors are defined by natural materials, mirrored cabinetry, and accents of heritage green, while large balconies frame uninterrupted views of the CBD skyline.

[smartcode_project:default project_id=13181 project_image_fid=341427]

Kitchens are anchored by a wide stone island bench, creating another dining and entertaining space. The kitchens are fitted with high-end V-Zug appliances.

Every apartment features a main bedroom with built-in robes and an ensuite with a separate shower and bathtub, finished with the finest marble and floor-to-ceiling tiles.

[smartcode_project:default project_id=13181 project_image_fid=341430]

Fortis has prioritized creating a resident community within Carmine House, with several opportunities for neighbours to gather outside of their apartments, yet still in the comfort of their own building.

The amenities have been strategically positioned on the roof to take advantage of the sweeping views across Melbourne.

[smartcode_project:default project_id=13181 project_image_fid=341436]

The rooftop, surrounded by extensive landscaping by ACRE, will feature an outdoor picnic lawn, BBQ, pizza oven, and bookable private dining and events spaces.

Completing the roof will be another indoor kitchen, part of a bookable private dining and entertaining space.

[smartcode_project:default project_id=13181 project_image_fid=341437]

Carmine House is one of two residential offerings as part of a wider mixed-use precinct, Richmond Square, that will also include 4,000 sqm of premium strata office space across two podium levels, located beneath the residences.

The second residential building, Wiltshire House, has already achieved over 50 per cent in sales and features a collection of one-, two-, and three-bedroom residences. Also designed SJB with landscaping by Acre, Wiltshire House offers refined, functional living complemented by a suite of high-quality amenities, including a rooftop dining area and a dedicated health and wellness zone complete with sauna, located within the podium below.

At the heart of Richmond Square, a thoughtfully curated retail and dining precinct will provide residents and locals with a dynamic community hub

&nbsp;

Enhancing this convenience, Carmine House is positioned just 200 meters from the nearest café and within easy walking distance of Swan Street’s lively mix of restaurants, bars, and boutique retailers

Excellent public transport links, including nearby train stations and multiple tram stops, further connect residents to the broader Melbourne CBD and beyond.

Excellent public transport links, including nearby train stations and multiple tram stops, further connect residents to the broader&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a>&nbsp;CBD and beyond.

Hacer is forecasting a late 2026 completion of Carmine House. Buyers can save thousands by purchasing before the end of October. In October 2024, the VIC Government announced it would abolish stamp duty for new and off the plan apartment buyers until October 30, 2025.

[smartcode_project_cta:default project_id=13181]

Fortis kicks off construction at Carmine House, Richmond's newest apartment development

Sekisui House Australia has released the first images inside what will be the final tower in their $1.1 billion West End masterplanned community.

<a href="https://www.urban.com.au/new-apartments/callista-on-park-west-end-49-mollison-street-west-end">Callista on Park</a>&nbsp;is the final release within Brisbane’s iconic West Village - a village <a href="https://www.urban.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> has been developing for the best part of a decade.

It's the most high-end tower to date. The&nbsp;14-level building, designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, introduces a new standard of apartment living to the neighbourhood, with premium finishes and fittings, rooftop amenities, and direct access to Brisbane’s most vibrant cultural and culinary scenes.

[smartcode_project:default project_id=134800 project_image_fid=341715]

The apartments will feature natural materials and engineered timber flooring. Expansive living areas, framed by full-height glass and generous balconies, bring in an abundance of natural light and parkland or city views.&nbsp;

Kitchens are fitted with top-of-the-range appliances, bespoke cabinetry, and stone benchtops. Residents can choose from light or dark interior palettes and will enjoy 2.7-metre ceilings, loop-pile carpets in bedrooms, soundproof windows, and ducted and zoned air conditioning.

[smartcode_project:default project_id=134800 project_image_fid=341713]

One of Callista’s most compelling features is its rooftop retreat—a reimagined communal space designed for both relaxation and connection.&nbsp;

Panoramic views of the Brisbane CBD stretch across a rooftop garden outfitted with extensive landscaping, cabanas, and pockets of wildflowers.&nbsp;

The rooftop also boasts a swimming pool and spa, two undercover BBQ areas, a private dining room with a chef-grade kitchen, and a residents’ lounge, making it a perfect venue for both intimate gatherings and larger celebrations.

[smartcode_project:default project_id=134800 project_image_fid=341716]

Living at Callista on Park also means having <a href="https://www.urban.com.au/developments/west-end-qld-4101">West End</a>’s dynamic lifestyle offerings within arm’s reach. With a Walk Score of 99/100, residents are surrounded by over 35 boutique retailers, dining venues, and wellness services.

The cultural richness of the Metro Arts Precinct and the proximity to South Bank’s performing arts and gallery spaces further elevate the lifestyle on offer.

Educational institutions, medical facilities, and multiple transport options—bus, train, and CityCat—ensure seamless connectivity to the rest of Brisbane. Meanwhile, expansive parklands and riverside walks promise tranquility just steps away from urban excitement.

The name “Callista,” derived from the Greek word for “most beautiful,” pays tribute to West End’s rich Greek heritage, while "on Park" speaks directly to its coveted location—fronting Mollison Park, a leafy public square known for lively community events like the Brisbane Ice Cream Festival and seasonal markets.

[smartcode_project:default project_id=134800 project_image_fid=330244]

Over the past nine years, Sekisui House Australia has reimagined the historic Peters Ice Cream Factory site into West Village.&nbsp;

With nearly 60 accolades to its name, including the prestigious ULI APAC Award for Excellence in 2022, the precinct is now nearing completion, culminating in the launch of Callista on Park.

Three and four-bedroom residences at Callista on Park are now selling, with prices starting from just over $2.6 million.

[smartcode_project_cta:default project_id=134800]

Three and four-bedroom residences at Callista on Park are now selling, with prices starting from $2.6 million.

First look inside West Village's crowning glory, Callista on Park

The NSW Government is steadily releasing new projects that are being declared as&nbsp;State Significant Development following recommendations from the Housing Delivery Authority (HDA).

There are a mix of regional and Sydney Metro projects which are being released every few weeks.

The early April update was for 20 projects.

The most notable was for the redevelopment of&nbsp;203-225 Victoria Street, Potts Point, home of the Potts Point Holiday Inn since 1985 and next door to the iconic Kings Cross Hotel.

The brief update from the Ministerial Order was for "the purpose of mixed-use development comprising commercial premises, tourist and visitor accommodation and residential accommodation with provision of affordable housing."

The Holiday Inn has been owned by property funds management giant Salter Brothers since 2023 when they acquired the hotel portfolio from IHG Hotels.

It was reported at the end of last year that Salter could list its $2 billion hotel portfolio on the ASX.

It would be another mixed-use development in the entry to Potts Point following the completion of Omnia, the luxury 20-level glass tower with 135 apartments, in 2018.

The most recent update from the NSW Government was just a few days ago when they added another 14 projects to the list, nine&nbsp;in metropolitan Sydney and five in regional NSW. If lodged and approved, the projects could create more than 4,200 homes across New South Wales.

The recent tranche of projects includes a 63-unit development at 307-315 Parramatta Road in Leichhardt.&nbsp;

Three projects are in Chatswood;&nbsp;12-14 Malvern Avenue, 5-7 Havilah St, Chatswood, and 815 Pacific Highway, Chatswood.

The new Castle Hill apartment development by UAE-based property giant Arada has been fast-tracked. Arada has signalled a $2.5 billion commitment to Sydney housing, with ambitions to add 2,500 dwellings across the region.

Their Castle Hill project, across Carrington Road, Middleton Avenue, Fishburn Crescent and Sexton Avenue, will have around 350 apartments designed by Woods Bagot.

Among new projects from Ryde to Wollongong is Woolworths' Neutral Bay mixed-use development at&nbsp;<a href="https://www.theurbandeveloper.com/articles/fabcot-north-shore-shoptop-neutral-bay-nsw">1-7 Rangers Road &amp; 50 Yeo Street</a>.

<img alt="Neutral Bay" data-entity-type="file" data-entity-uuid="64cefcb2-3dde-4889-9f50-9287129eded2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-23%20at%2011.12.53%E2%80%AFAM.png?VersionId=0ULgIC775B8KpKQn40wYxJiwRUAvX6_p" />

Despite North Sydney Council's objections, the Sydney North Regional Planning Panel granted gateway approval, noting the proposal’s alignment with strategic housing goals.&nbsp;

The mixed-use development, anchored by a full-line Woolworths, will have 90 one, two and three-bedroom apartments, ground-level retail, and 2,420 sqm of office space.

To date, 78 proposals amounting to more than 32,100 potential homes have been declared state significant. Since the formation of the HDA, 15 projects have had Secretary Environmental Assessment Requirements issued. Recommendations from the HDA are published as required under the Environmental Planning and Assessment Act 1979 before the SSD declaration.

This is all part of the Minns Government’s plan to build a better NSW with more homes and services, so young people, families and key local workers have somewhere to live and in the communities they choose.

Potts Point Holiday Inn part of new State Significant Developments revealed by the NSW Gov

Sydney-based P&amp;N Sleiman Group is the latest developer to descend on the booming Sunset Boulevard riverfront in Surfers Paradise.

<a href="https://www.urban.com.au/builders/pn-sleiman-group">P&amp;N Sleiman Group</a>, who was recently approved for a trio of towers in Burwood in Sydney's west, has filed for a 29-level tower at 52 Sunset Boulevard, one of four new towers to be submitted on the street in the last 12 months.

They're proposing 62 apartments, above four levels of basement parking.

<img alt="52 Sunset Boulevarde pool" data-entity-type="file" data-entity-uuid="16e27978-c828-46f1-bed5-aaa554c23ed3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/52%20Sunset%20Boulevarde%20pool.png?VersionId=HnIMUQbncxNaSzDKB1hZ8_eWlWsVjrmS" />

The apartment mix features two, three, and four-bedroom configurations, as well as two double-level penthouses, each boasting private rooftop terraces with plunge pools.

There will be a gym, lounge, barbecue area, and infinity-edge pool on the third level for residents.

DBI designed the tower with a&nbsp;recessed central core and soft material palette, which they say "creates a building that is as elegant as it is bold." They said it would have a "refined presence on a street that’s quickly becoming a showcase for architectural ambition."

<img alt="52 Sunset Boulevarde rooftop" data-entity-type="file" data-entity-uuid="a80efc7b-284b-4ed2-8723-ea197e7fa9f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/52%20Sunset%20Boulevarde%20rooftop.png?VersionId=WjcRmRfYuuGzOkqfcnheBCvSQ6L8qazF" />

Sunset Boulevard has been in vogue since Roy Skaf's Macquarie York filed, and secured approval, for Sunset Residences, next door to the new plans at 50 Sunset Boulevard. Sunset Residences will have 43 apartments across a 17-level tower.

Another Sydney-based developer, YHY Group, filed plans a few doors down for a 33-level tower with 74 apartments, one being the&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-the-gold-coasts-largest-penthouse-pitched-for-new-surfers-paradise-tower">Gold Coast's largest ever penthouse</a>. That's across a triple site combining 56, 58 and 60 Sunset Boulevard.

A private developer also has plans with the Gold Coast City Council for a 17-level, 30-unit tower at <a href="https://www.urban.com.au/new-apartments/15-sunset-boulevard-surfers-paradise">15 Sunset Boulevard</a>, just two apartments per floor.

First look exclusive: P&N Sleiman plots debut Gold Coast apartment project

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

Every First Home Owner Grant for new property by state

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

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

Urban Editorial

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

A number of people ask - what is the settlement process when buying off the plan property?

The simple answer is that the process is one part of the off the plan buying journey that isn't too dissimilar to buying in the established market.

The major difference is the time from exchange to settlement, given the off the plan property isn't built yet. The standard settlement for established property is around six to eight weeks.

This however has a number of pros for off the plan buyers.

One of the biggest is that the price paid for the property at the time of exchange doesn't change. Even if the value of the apartment has risen during construction, buyers will still settle on their apartments at the same price agreed.

The settlement date will be forecasted in the contract, as to when the developer believes the building will be complete, and the certificate of occupancy is obtained. Then settlement can start to occur and buyers can move in.

The settlement date forecast is another pro for buyers. While this date can chop and change due to a number of reasons, least of all delays in construction, labour, and materials, it gives the buyer a ballpark future date where they need to have their finances in shape to settle.

By paying a deposit you lock in that price, and you might not be required to pay the rest of the deposit for two or three years, if the construction timeline is that far away. This allows buyers years to save up the rest of the money while their yet-to-be-built property potential grows in value.

The settlement date estimate also puts a time limit on buyers as to when they should either vacate their current rental, or put the wheels in motion to sell their current home.

If you're thinking of purchasing an off the plan apartment, it's a good idea to speak to a conveyancer or solicitor who can advise you on the settlement process and help ensure that everything goes smoothly.

A number of people ask - what is the settlement process when buying off the plan property?

Off the plan property settlement - how does it work?

Supermarket giant Coles and local developer Dimas Property Group have teamed up to create one of the most connected new apartment developments in Melbourne’s leafy Balwyn.

The partners secured a prime site on Whitehorse Road, opposite Balwyn Park and in the prized Balwyn High School catchment area.

They appointed the in-demand architecture firm <a href="https://www.urban.com.au/architects/cera-stribley-architects">Cera Stribley</a> to design <a href="https://www.urban.com.au/new-apartments/white-weston-balwyn-village-259-281-whitehorse-road-balwyn-vic-3103">White &amp; Weston</a>, just 45 two, three and four-bedroom apartments across a low-rise three-level building set in gardens by the equally sought-after landscape architect <a href="https://www.urban.com.au/landscape-architect/jack-merlo">Jack Merlo</a>. The apartments will sit above a full-line Coles, offering the ultimate convenience for residents.

[smartcode_project:default project_id=136850 project_image_fid=343596]

The apartments overlook Balwyn Park, home to an AFL oval, kids playground, tennis club and bowling club.

Cera Stribley Interior Design Director, Jessica Coulter, said the homes were designed to feel personal and functional, with materials selected to reflect a connection to nature.&nbsp;

“We really understand what goes into creating a truly amazing home,” Coulter said. “We’re always looking for those individual moments that make a space special.”

[smartcode_project:default project_id=136850 project_image_fid=343582]

Each residence is fitted with Miele appliances, Signorino stone finishes, Block flooring, and Great Dane lighting.&nbsp;

Private terraces and rooftop gardens were designed to act as extensions of the living areas, offering additional usable space for residents.

“We’ve had some really generous outdoor spaces to work with,” Coulter added. "The communal roof garden is an expansion of the individual homes."

The 655 sqm residents garden, curated by Jack Merlo, feature a mix of native and exotic plantings, delivering year-round greenery opposite the park.

[smartcode_project:default project_id=136850 project_image_fid=343581]

Each home is optimised for energy efficiency under Sustainability Victoria’s Whole of Home Initiative—reducing costs and environmental impact.

White &amp; Weston is also optimised for energy efficiency under Sustainability Victoria’s Whole of Home Initiative, reducing running costs and environmental impact.

Security and convenience are also top of mind, with basement parking equipped with number plate recognition technology and a BESS (Built Environment Sustainability Scorecard) rating 10 per cent above industry average.

[smartcode_project:default project_id=136850 project_image_fid=343584]

Each apartment is sold with a six-year building guarantee and 52-week defect coverage. An incentive offer for early buyers via Urban.com.au includes a complimentary whitegoods package for the first three purchasers.

Marshall White Projects Director Liam Adey says early interest has come from empty nesters, professional singles, and young couples.

[smartcode_project_cta:default project_id=136850]

Marshall White Projects Director Liam Adey says early interest has come from empty nesters, professional singles, and young couples

Coles and Dimas Property Group launch White & Weston in Balwyn Village

Until now, it has been nearly impossible to obtain a Passivhaus home without building one yourself.

C. Street Projects has collaborated with award-winning Neil Architecture to bring the world’s best standard for energy efficiency to Melbourne’s leafy Hawthorn.

These rare three-bedroom homes are continuously ventilated with fresh, filtered air, significantly reducing allergens and pollutants in the home.

[smartcode_project:default project_id=112386 project_image_fid=338634]

Designed to maintain a comfortable 23 degrees during all seasons of the year while using 70 per cent less energy than a typical Victorian home, the Passivhaus-certified homes are also incredibly quiet, thanks to triple-glazed windows, straw panel insulation, and intelligent airtight membranes. Additionally, they are equipped with EV chargers, PV solar, and battery storage, operating as net zero energy buildings for the ultimate sustainable lifestyle.

Kin Seng Choo and Michael Robertson, the duo behind C. Street Projects, have spent the last five years developing a method and design approach to scaling certified Passivhaus projects suited to the unique challenges of Australian conditions.

“Australians should have access to sustainable homes built to global best practice. Turnkey homes certified to the Passivhaus standard provide that independent verification and surety of quality,” says Choo.

“Passivhaus certification is the exemplary benchmark for high-performance building, recognised globally. While relatively new in Australia, this model is well established in Europe, the United States and Canada. The guaranteed performance from its stringent certification process is a major selling point."

[smartcode_project:default project_id=112386 project_image_fid=338637]

C. Street is committed to improving the quality of buildings with international best practices and innovates approaches that pair architectural design with excellent performance.

“It has been a challenge to deliver Passivhaus certification consistently and reliably because there is a rigorous testing and commissioning process at the end.

We’ve worked tirelessly on our approach to ensure this can be done at scale. Living in a Passivhaus is an awesome experience. It will change your perspective on what’s important in a home – away from surface finishes, to focusing on what’s under the hood and what true comfort really means,” says Robertson.

[smartcode_project:default project_id=112386 project_image_fid=338647]

Choo says great architecture and material finishes must be paired with energy-efficient design and the quality of execution.

"Building your own certified Passivhaus is daunting, but now <a href="https://www.urban.com.au/buildings/echo-hawthorn-360-auburn-road-hawthorn">ECHO</a> provides a brand new, turnkey solution available to the market. Buyers have a choice."

[smartcode_project_cta:default project_id=112386]

First certified Passivhaus homes in Australia complete in Hawthorn

Developer <a href="https://www.urban.com.au/developers/figurehead">Figurehead Group</a> is offering to pay the full stamp duty for buyers who purchase an apartment at Osprey in Safety Beach before Easter 2025.&nbsp;

The limited-time incentive applies to newly completed residences at the Martha Cove development and represents a potential saving of up to $82,000, depending on the purchase price.

<a href="https://www.urban.com.au/buildings/osprey-safety-beach-15-martha-cove-boulevard-safety-beach-vic-3936">Osprey</a> is now fully complete, allowing purchasers to settle and move in immediately.

[smartcode_project:default project_id=138447 project_image_fid=290616]

Located at 15 Martha Cove Boulevard, Osprey is an award-winning apartment development delivered in collaboration between builder-developer Figurehead and <a href="https://www.urban.com.au/architects/wolveridge-architects">Wolveridge Architects</a>, renowned for their work across the Mornington Peninsula.

The residences have been designed to maximise natural light and ventilation, with each apartment positioned to capture sea breezes and views of the surrounding coastal environment.&nbsp;

Interiors feature natural textures and tones, including timber finishes, breezeway paving, and soft green accents intended to reflect the local landscape.

[smartcode_project:default project_id=138447 project_image_fid=290741]

A central landscaped courtyard sits at the core of the development, incorporating sculptural concrete elements inspired by the cliff faces of the peninsula’s shoreline.

Osprey has already attracted attention from local and Melbourne-based buyers, drawn to its rare harbourside location, thoughtful design, and strong investment potential.

[smartcode_project:default project_id=138447 project_image_fid=290632]

Osprey offers 18 two and three-bedroom apartments, positioned close to the harbour at Martha Cove.&nbsp;

While primarily offering a harborside lifestyle, Osprey is located just a seven-minute drive from the sand at <a href="https://www.urban.com.au/developments/safety-beach-vic-3936">Safety Beach</a> and only eight minutes from Mount Martha Public Park. With views over Port Phillip Bay and Arthur's Seat, the 53-hectare park offers extensive walking trails connecting the picnic area to the summit and viewing tower.

The project is positioned as part of a broader precinct renewal and is one of the few newly completed developments in the area currently offering incentives of this kind.

[smartcode_project_cta:default project_id=138447]

Buyers of completed apartments at Osprey in Safety Beach could save up to $82,000 if they purchase before Easter, with the developer covering the full cost of stamp duty.

Figurehead covers stamp duty at Osprey Safety Beach in pre-Easter sales offer

Sunkin Property Group will welcome buyers later this year to the latest stage of its Bayside masterplanned precinct, <a href="https://www.urban.com.au/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>.

<a href="https://www.urban.com.au/builders/sk-construction">SK Constructions</a>, the building arm of <a href="https://www.urban.com.au/developers/sunkin-property-group">Sunkin Property Group</a>, recently topped out the North Lane building, one of several planned for the unrepeatable 9.3-hectare site next door to Highett Station and its accompanying amenity.

Sunkin held a topping out ceremony in early April to honour the milestone.

<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/vk4OyV9FSho?si=MfiVFS4GLCPLGPlL" title="YouTube video player" width="560"></iframe>

SK Constructions is now nearing completion of early civil works, with minor final touches underway to support the delivery of the first stage of buildings.&nbsp;

The team is also progressing on the community’s first one-hectare park, with drainage works, cut and fill operations, retaining walls, and new footpaths taking shape.

[smartcode_project:default project_id=108019 project_image_fid=300064]

The second stage of Highett Common, the Highett Common Townhomes Collection,&nbsp;is progressing through the detailed design phase. Construction is scheduled to begin later this year.&nbsp;

The third stage, the Mews Collection, which will deliver six levels of contemporary residences, is preparing for early basement works and piling.

[smartcode_project:default project_id=108019 project_image_fid=331186]

Highett Common’s first residents are expected to move in within the next six months.&nbsp;

Upon arrival, they’ll enjoy access not just to their new homes, but also to the community’s first park and playground, part of a broader vision that places open space and walkability at the heart of the precinct.

Select residences are currently available with stamp duty savings and a $12,000 furniture and styling package by <a href="https://www.urban.com.au/interior-designers/coco-republic-interior-design">Coco Republic</a>, offering added value for early buyers.

[smartcode_project_cta:default project_id=108019]

Sunkin tops out next Highett Common building as move-in date approaches

Summary:

<ul>
	<li aria-level="1">LUMA, a project by Development Victoria, is an established community in the growing Sunshine North area</li>
	<li aria-level="1">Residents have begun moving into their homes as part of the first stage</li>
	<li aria-level="1">Willbowbark Park has been completed and officially opens this month</li>
	<li aria-level="1">Stage 2 is now selling and construction of homes has commenced</li>
</ul>

<hr />
<a href="https://www.urban.com.au/developers/development-victoria">Development Victoria</a> has started to welcome the first residents at its burgeoning <a href="https://www.urban.com.au/developers/development-victoria">Sunshine North</a> masterplanned community, <a href="https://www.urban.com.au/new-townhouses/luma-sunshine-north-247-st-albans-road-sunshine-north">LUMA</a>.

Development Victoria, the development arm of the Victoria Government, sold out the first stage of the community, located halfway between Ginifer and Albion Stations.

They’ve recently started construction on the second stage, a mix of 85 one, two, three, and four-bedroom townhouses, purposefully varied in configurations which have drawn the eye of everyone from first home buyers and investors to young families and downsizers.

[smartcode_project:default project_id=27783 project_image_fid=286483]

The homes at LUMA are designed with a focus on sustainability and are all-electric, featuring solar PV with battery storage, double-glazed windows, and a minimum 7-star <a href="https://www.urban.com.au/guides/what-is-a-nathers-rating-in-new-off-the-plan-apartment-developments">NatHERS</a> energy rating.

Development Victoria ensured the first residents to call LUMA home would already be part of a community. As part of the first stage is the 3,600 sqm Willbowbark Park, set to open in April. The park, a short walk from the townhouses in the first two stages at LUMA, will have a fully equipped children’s playground, a sheltered BBQ, picnic area, and large grass expanses, met with clusters of retained established trees.

[smartcode_project:default project_id=27783 project_image_fid=96894]

Plans for a pedestrian and vehicle bridge over Stony Creek via Metherall Street will further connect LUMA to the surrounding neighbourhoods, while following stages will include the future development of a commercial and retail precinct within the masterplan.

Positioned near the proposed Sunshine Precinct, LUMA will benefit from significant infrastructure projects, including the future Sunshine Station Superhub, Melbourne Airport Rail, and the Western Rail Plan, enhancing connectivity to Melbourne’s CBD, the airport, and regional areas.&nbsp;

[smartcode_project:default project_id=27783 project_image_fid=255556]

The broader Sunshine Precinct is expected to become a major employment and innovation hub, supporting up to 45,000 jobs and 70,000 residents.

Development Victoria is a government agency partnering with industry and communities to create sustainable, liveable places for people. They unlock underutilised land to deliver housing across Victoria, from house and land communities in Officer and Springvale, to mixed-use precincts in Fitzroy and Kew. They build a variety of homes and communities where people can thrive while catering to different budgets, lifestyles and needs so that more people can live where they want to be at prices they can afford.

To make home ownership more accessible, Development Victoria is offering a low-deposit scheme. Buyers can secure a home at LUMA with just a 2.5 per cent deposit upfront, with a further 2.5 per cent required up to six months after signing the contract.&nbsp;

With no progress payments required during construction, this initiative aims to provide more Victorians with the opportunity to enter the property market in a well-connected and growing community.&nbsp;

A Priority Access Program is also in place, providing eligible buyers with an early opportunity to secure homes before they are made available to the broader market.

[smartcode_project_cta:default project_id=27783]

Residents start to move into Development Victoria’s LUMA Sunshine North community

Summary:

<ul>
	<li aria-level="1">Olio, a project by Development Victoria, is an established masterplanned community&nbsp;in Officer in Melbourne’s South East Growth Corridor</li>
	<li aria-level="1">Over 200 residents already call Olio home after the recent completion of Stage 1 townhomes</li>
	<li aria-level="1">Olio Park is now complete for residents and the wider community to enjoy</li>
	<li aria-level="1">Walking distance to Officer train station and the future <a href="https://www.urban.com.au/developments/officer-vic-3809">Officer</a> Town Centre</li>
	<li aria-level="1">Stage 2 homes are now selling from $485,000*</li>
</ul>

<hr />
<a href="https://www.urban.com.au/developers/development-victoria">Development Victoria</a> is offering a range of affordable and sustainable townhouses at its Officer community, <a href="https://www.urban.com.au/new-townhouses/corner-of-bridge-road-and-coxon-street-officer">Olio</a>.

As the development arm of the Victorian Government, Development Victoria is creating an entirely new community in the heart of Melbourne’s South East Growth Corridor— a community that incorporates all the essential elements of modern living.

[smartcode_project:default project_id=84641 project_image_fid=211733]

The developer has already completed the first stage of Olio, which includes over 90 homes and a brand-new park. The second stage, like the first, will be delivered by the reputable townhouse builder Sienna Homes and offers a range of two, three, and four-bedroom townhouses, priced from $485,000 to $642,500—much more competitively priced than new developments in neighboring areas.

These all-electric townhouses are designed with a strong emphasis on sustainability, featuring a 3kW solar PV system and double-glazed windows, ensuring a minimum 7-star NatHERS energy rating.

[smartcode_project:default project_id=84641 project_image_fid=211739]

The double-storey designs prioritize open-plan and flexible living, with a range of floorplans available.

The community is already thriving, with a diverse mix of first home buyers, young families, and downsizers calling Olio home.&nbsp;

[smartcode_project:default project_id=84641 project_image_fid=211734]

Development Victoria also contributed to the revitalization of Gum Scrub Creek, allowing Olio residents to connect to the waterway, now bordered by public open spaces. The second stage of Olio will add around 135 more townhouses.

The strategic location of Olio, on the corner of Bridge Road and Coxon Street, places residents directly across from Officer Station, offering a direct train into Melbourne in just under an hour. Olio is also within walking distance of the future Officer Town Centre, which will bring more commercial and retail offerings, including a supermarket, specialty shops, and services, to the area.

Officer already boasts One Centre Square, a small commercial precinct with several restaurants, a gym, a grocer, and the One Centre Square Medical Hub, all located just minutes from Olio.

[smartcode_project:default project_id=84641 project_image_fid=211735]

Given the population growth forecast for the area, development in <a href="https://www.urban.com.au/developments/officer-vic-3809">Officer</a> is a priority. The population of Officer, which was 14,708 at the 2021 census, is expected to more than double by 2031, reaching over 34,000 in the next six years.

Development Victoria is a government agency partnering with industry and communities to create sustainable, liveable places for people.

They unlock underutilised land to deliver housing across Victoria, from house and land communities in Officer and Springvale, to mixed-use precincts in Fitzroy and Kew.

[smartcode_project_cta:default project_id=84641]

Development Victoria is a government agency partnering with industry and communities to create sustainable, liveable places for people.

Olio Officer: Connected and affordable living in Melbourne's south east growth corridor

Summary:

<ul>
	<li aria-level="1">ANGLE’s Fernhurst in Kew progresses with COBEN appointed as builder and ANZ funding secured 
	&nbsp;</li>
	<li aria-level="1">The project offers eighteen apartments and three free-standing houses in tightly held Studley Park 
	&nbsp;</li>
	<li aria-level="1">Designed by Edition Office, the residences feature natural materials and generous outdoor spaces by Eckersley Garden Architecture 
	&nbsp;</li>
	<li aria-level="1">Located 300m from Kew Junction, with access to top schools and green spaces</li>
</ul>

<hr />
Design-driven developer <a href="https://www.urban.com.au/developers/angle">ANGLE</a> has reached two significant milestones with its recently unveiled Kew residential development, Fernhurst.

First, they have secured funding from ANZ, making it one of the few new residential developments in Melbourne backed by a Big Four bank. With financing in place and a significant percentage of homes already sold, ANGLE has appointed high-end builder <a href="https://www.urban.com.au/builders/coben">COBEN</a> to deliver a mix of apartments and freestanding houses in one of <a href="https://www.urban.com.au/developments/kew-vic-3101">Kew's most coveted locations</a>.

COBEN has already begun site works on the rare 4,000 sqm Fernhurst Grove site, nestled in the heart of the leafy Studley Park, where new development is exceptionally scarce.

<a href="https://www.urban.com.au/new-apartments/fernhurst-kew-11-15-fernhurst-grove-kew-vic-3101">Fernhurst</a> will feature just 18 apartments and three freestanding houses, all privately set one street back from the vibrancy and convenience of Kew Junction.

[smartcode_project:default project_id=138904 project_image_fid=326922]

Fernhurst marks another collaboration between ANGLE, COBEN, <a href="https://www.urban.com.au/architects/edition-office">Edition Office</a>, and <a href="https://www.urban.com.au/landscape-architect/eckersley-garden-architecture">Eckersley Garden Architecture</a>. The same team previously partnered on ANGLE’s Fenwick development in Studley Park, a multi-award-winning project just 700 meters from Fernhurst.

ANGLE prioritizes privacy in its designs. The large size of the site has allowed for generous setbacks, and extensive landscaping has been used to almost conceal the buildings from the streetscape.

[smartcode_project:default project_id=138904 project_image_fid=326892]

Edition Office and Eckersley Garden Architecture worked closely together to ensure that the design and articulation of the buildings complement, rather than compete with, the landscaping. The design highlights a strong connection to nature, with the brick façade seamlessly blending into the abundant greenery. The architecture conveys a sense of permanence, making the buildings appear as if they have been part of the streetscape for decades.

The apartments in Fernhurst feature spacious, open-plan living areas with a minimum ceiling height of three meters, designed to maximize natural light and create a seamless flow between indoor and outdoor spaces. Each of the two and three-bedroom apartments includes lush terraces or courtyards.

[smartcode_project:default project_id=138904 project_image_fid=326884]

True to ANGLE's ethos, the development prioritizes space and quality over density. Despite occupying a full acre site, the apartments are generously sized, with two-bedroom units starting at over 140 sqm—some of the largest two-bedroom apartments available in Melbourne. The three-bedroom apartments offer more than 200 sqm of true indoor-outdoor living space.

The interiors are crafted with a refined and tactile material palette, featuring European oak flooring, travertine tiles, and bespoke timber joinery. Kitchens are equipped with Gaggenau appliances and Brodware tapware, while bedrooms include Molteni&amp;C wardrobes and luxurious wool carpets.

[smartcode_project:default project_id=138904 project_image_fid=326839]

Fernhurst will also feature three unique freestanding houses. Two will be newly built, each with three bedrooms, a home office, four bathrooms, and garages. The third home is a grand heritage property that will be carefully restored and brought into the 21st century with a reconfigured floor plan, all while retaining its original façade.

<a href="https://www.urban.com.au/project-marketer/jellis-craig-projects">Jellis Craig Projects</a> Director Stephen Bowtell is selling Fernhurst, having sold out Fenwick before it completed in 2023.

"Fernhurst offers a rare opportunity for downsizers looking to live in Kew's historic Studley Park Estate," Bowtell says.

"It's not often a development in inner Melbourne combines such natural beauty and privacy, while also being so well connected to everything one of Melbourne's best suburbs has to offer. ANGLE, Edition Office and Eckersley Garden Architecture have come together again to bring what will be another landmark development in Kew for generations to come."

[smartcode_project_cta:default project_id=138904]

Builder appointed, ANZ funded: Inside Fernhurst, Kew's newest residences

The standard for amenities in new developments has drastically risen over the past decade, shifting from a focus solely on practical functionality to a holistic approach that considers how the entire building can enhance a resident’s lifestyle.

While a prime location provides inherent lifestyle advantages like proximity to dining and retail offerings, developers and architects are increasingly shaping buyer decisions by optimising in-building amenities, offering residents a more comprehensive and convenient lifestyle. This focus has grown exponentially nationwide, driven by evolving resident needs and expectations of prospective buyers.

ASX-listed developer <a href="https://www.urban.com.au/developers/lendlease-development">Lendlease</a> prioritised amenity design in its latest <a href="https://www.urban.com.au/developments/docklands-vic-3008">Docklands</a> residential offering, <a href="https://www.urban.com.au/new-apartments/ancora-at-collins-wharf-docklands-971-collins-street-docklands-vic-3008">Ancora at Collins Wharf</a>. Ancora will be the third building in the Collins Wharf precinct, a previously underutilised wharf at the end of Collins Street which is being developed into a thriving new community.

[smartcode_project:default project_id=9779 project_image_fid=314802]

The attention to detail starts at the front door, where residents are greeted by a grand hotel-style lobby with triple-height ceilings, providing a distinguished sense of arrival. Each resident at Ancora will have access to concierge services, ranging from accepting deliveries to leisure and entertainment-based services and everything in between.

Collins Wharf aims to enhance the lifestyle of its residents by offering an impressive range of amenities that make living easier through social connection, health, and wellness. To achieve this, they’ve designed not one, but two open-air terraces at Ancora.

Each terrace features spacious alfresco dining areas with barbecue facilities, comfortable seating, beautifully landscaped gardens, and stunning north-facing views of the city and Harbour. These thoughtfully designed spaces are perfect for residents to connect with one another, creating an ideal setting for both casual gatherings and welcoming guests to Ancora.

[smartcode_project:default project_id=9779 project_image_fid=314808]

It’s the same concerted effort to promote social interaction that inspired The Collins Room, a residents' lounge and private dining area that enhances the offering of an inclusive, connected community.

There are many components to a healthy lifestyle. Collins Wharf has also laid an importance to the physical aspect of health and wellbeing. In addition to the social spaces, Ancora also offers a fully-equipped, private gym with water views, a 25-metre indoor swimming pool, spa, sauna, and a steam room.

[smartcode_project:default project_id=9779 project_image_fid=314809]

Beyond what has been included in the building, Ancora benefits from its connected location. Collins Wharf sits at the end of Collins Street, one of Melbourne’s best streets and the cultural heart of the capital. Collins Street is lined with world-class dining, cafes, luxury retail, premium hotels, and major business headquarters. All of the above are just a short walk, or a free tram ride away from Collins Wharf.

Collins Wharf has not just leaned on the convenience of Collins Street to satisfy its future residents. The next stage of Collins Wharf will see over 5,000 sqm of new parkland established to enhance the resident experience by creating a connection to nature, something that is often overlooked in inner-city developments.

[smartcode_project:default project_id=9779 project_image_fid=318937]

Designed by landscape architect <a href="https://www.urban.com.au/landscape-architect/openwork">Openwork</a>, these green spaces incorporate indigenous plantings and will feature fitness stations, play zones, covered seating areas, and open lawns, fostering a sense of community and creating yet another space for Collins Wharf residents to gather without going far from their front door.

Designed by <a href="https://www.urban.com.au/architects/warren-and-mahoney">Warren &amp; Mahoney</a>, Ancora offers 302 one, two, three, and four-bedroom apartments across two different collections; the Waterfront Collection and the Premier Collection, the latter of which offers a range of house-sized living options including skyhomes and townhomes.

[smartcode_project:default project_id=9779 project_image_fid=314797]

Nick Deans, Principal at Warren and Mahoney, describes Collins Wharf as a remarkable example of placemaking, with a design inspired by its unique waterfront location and urban interface.&nbsp;

“In partnership with Lendlease, we’re creating a distinctive precinct that seamlessly blends the vibrancy and amenities of Melbourne’s CBD with the tranquillity of a waterfront retreat. Ancora redefines apartment living, offering world-class amenities and exceptional outdoor spaces, all set right on the water’s edge.'

Construction on Ancora is set to commence later this year, with completion expected in 2027.

[smartcode_project_cta:default project_id=9779]

Nick Deans, Principal at Warren and Mahoney, describes Collins Wharf as a remarkable example of placemaking, with a design inspired by its unique waterfront location and urban interface

Lendlease creating world-class resident experiences at Collins Wharf

Seldom does an apartment development offer its residents both parkside living while also being within meters of significant transport connections and retail opportunities.

<a href="/buildings/irving-domain-box-hill-21-23-irving-avenue-box-hill-vic-3128">Irving Domain</a>, the newest apartment development in <a href="https://www.urban.com.au/developments/box-hill-vic-3128">Box Hill</a>, offers all three in abundance.

The new development on Irving Avenue, currently under construction and set for occupancy later this year, sits directly across the road from Box Hill Gardens, the largest park in the suburb, offering walking tracks, playgrounds, sports courts, and a one-kilometre running track around its boundary.

[smartcode_project:default project_id=8569 project_image_fid=311426]

While Box Hill is already well-connected to wider Melbourne, with Box Hill Station just a six-minute walk from Irving Domain, residents will be even closer to greater transport connections soon, with the new Suburban Rail Loop (SRL) station being built directly under the park opposite.

The SRL is a 26-kilometre underground rail network that will connect Box Hill to Cheltenham, integrating seamlessly with existing transport options and allowing residents at Irving Domain faster and more convenient travel across Melbourne.

With a direct link to Monash University in just 12 minutes, the rail loop will enhance Box Hill’s status as a major employment, education, and lifestyle precinct.

This major infrastructure project is expected to double job opportunities in the area by the 2050s and facilitate the development of thousands of new homes.

The project also includes new pedestrian-friendly infrastructure, a linear park on Whitehorse Road, and upgraded plazas, ensuring residents of Irving Domain benefit from improved accessibility and an enhanced urban environment.

[smartcode_project:default project_id=8569 project_image_fid=317419]

Box Hill is a suburb well known for its diversity, both in its population and its hospitality and retail offerings.

Box Hill Central, located just 500 meters south of Irving Domain, provides a diverse selection of shopping and dining experiences, particularly celebrated for its Asian cuisine. Highly-rated restaurants such as Zero Mode, Tang, and cafes like Second Wife, ae Melbourne, and The Penny Drop are within walking distance.

The area also boasts reputable educational institutions, including Box Hill Institute and Box Hill High School, and essential healthcare services, with Box Hill Hospital only two kilometers away.

Designed by <a href="https://www.urban.com.au/architects/dko-architecture">DKO Architecture</a>, Irving Domain offers one and two-bedroom apartments with high-quality interiors and functional layouts.

Residents will have access to a rooftop retreat with panoramic city views, complementing the natural greenery of Box Hill Gardens next door.

Construction is well advanced and is expected to complete in Q3 2025.

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[smartcode_project_cta:default project_id=8569]

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