CDG Group’s landmark Melbourne apartment development, Victoriana, has captured the attention of first home buyers.

According to data from MatterFact, the new data product by Urban.com.au, first home buyers have consistently been the most engaged buyer group, surpassing downsizers and rightsizers in enquiries over the past six months.

Feedback from buyers highlights the quality of the finishes and the development’s prime location as its key attractions.&nbsp;

[smartcode_project:default project_id=1979 project_image_fid=78690]

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a> and completed in 2021, <a href="https://www.urban.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne">Victoriana</a> features cascading terraces and vertical gardens which are designed to harmonise with the surrounding Albert Park Lake and Fawkner Park.

Located on Queens Road, between the two famous parks and just off St Kilda Road, Victoriana comprises 250 one, two, three and four-bedroom apartments across 16 levels.

First home buyers have shown the greatest interest in the two-bedroom apartments, which start at over 70 sqm and feature two bathrooms, a balcony off the open-plan kitchen, living, and dining area, and a master bedroom with an ensuite.

[smartcode_project:default project_id=1979 project_image_fid=300488]

Victoriana also includes an extensive range of amenities that rival those of a luxury hotel.&nbsp;Residents will have access to concierge services, a heated indoor pool, steam room, sauna, state-of-the-art gym, and a lounge and garden terrace with views of the&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3004">Melbourne</a>&nbsp;skyline.&nbsp;

[smartcode_project:default project_id=1979 project_image_fid=78667]

Positioned on the fringe of Melbourne's CBD, Victoriana provides direct access to Albert Park Lake and proximity to St Kilda Road trams and the upcoming Anzac Railway Station.&nbsp;

This combination allows residents to enjoy both vibrant city living and tranquil parkland surroundings, a rare offering for buyers entering the property market.

Nearby attractions include South Melbourne Market, the Royal Botanic Gardens, and Melbourne's vibrant arts precinct.

Qualifying buyers of the two-bedroom apartments won't have to pay a deposit, and could save with a lower interest rate and reduced LMI.

[smartcode_project_cta:default project_id=1979]

Qualifying buyers of the two-bedroom apartments won't have to pay a deposit, and could save with a lower interest rate and reduced LMI

Joel Robinson

First home buyers jump at Victoriana apartments on Melbourne's Albert Park

<a href="https://www.urban.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>&nbsp;has been granted development approval for Dawn, its fifth stage in its new urban renewal project in Melrose Park.

It will be the first stage which is a joint venture, with&nbsp;Hankyu Hanshin Properties becoming part of the development.

Dawn will&nbsp;comprise six low-rise buildings ranging from six to 10 levels, built around a large central courtyard spanning almost two hectares. It will include 368 one, two and three-bedroom apartments.

Positioned less than 150 metres from <a href="https://www.urban.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> Town Centre, Dawn promotes walkability and maximises direct access to green spaces, lifestyle assets and future transport connections, including the Parramatta Light Rail Stage 2.

Melrose Park Town Centre is set to open at the end of 2026, aligning with when residents of Dawn will begin moving in to provide immediate access to essential services and amenities.

<img alt="Dawn, Stage 5 in Melrose Park" data-entity-type="file" data-entity-uuid="d2ac6e67-74e9-497a-a6c4-a06c560c9ed8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/compressed%20SEKISUI_MELROSE%20PARK_VIEW01_FINAL_REV03.jpg?VersionId=M0PX1Lnej70Wanlhr0G1NBoDIUbfkXoj" />

Alex Grujovski, Project Director, Apartment &amp; Mixed-Use Developments, Sekisui House Australia, said Dawn is&nbsp;a high-quality development that sets the tone for future stages of Melrose Park and reflects Sekisui House’s philosophies of sustainability, community and thoughtful design."

"Dawn represents our unwavering commitment to creating communities that coexist harmoniously with nature, while fostering interactions between people and place,"&nbsp;Grujovski says.

Designed by <a href="https://www.urban.com.au/architects/group-gsa">GroupGSA</a>, Dawn will integrate with its surroundings, featuring precinct views of Central Park and the Western Parklands. It will have secluded rooftop amenities, an internal central courtyard garden, shading devices and link bridges.

Alister Eden, Principal, GroupGSA said Dawn is designed with timeless elegance, sustainability and functionality at its core.

"The materials and layout create a seamless connection between urban living and the surrounding natural environment, offering residents a lifestyle that balances modern convenience with green tranquillity. The architectural design features intricately detailed brickwork at its base, creating a strong visual foundation that reflects the character and domestic qualities of the nearby residential suburbs of Melrose Park and Ermington," Eden says.

“Communal open spaces will offer a diverse range of amenity, from quiet areas for contemplation to open lawns for enjoying the winter sun or safe play spaces for young children. Elevated areas also provide unique perspectives and scenic views of district parks."

<img alt="Dawn, Stage 5 in Melrose Park" data-entity-type="file" data-entity-uuid="689edf1d-8f01-4365-b2ab-c7d8930c309e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/MP%20-%20Courtyard%20BBQ%20Wide%20-%20Rev%20B-min.jpg?VersionId=kuq96WjaRGXLVG7Nrnjboz2_csD66piP" />

Pitched as one of the best inclusions in the fifth stage is Central Park which will feature&nbsp;open spaces, BBQ and picnic areas, children’s play facilities and kilometres of walking tracks. Complimenting these are rooftop community facilities including BBQ areas, seating nooks and relaxation zones, encouraging interactions and a connected community.

Dawn incorporates a range of sustainability initiatives. A dedicated energy network enhances energy efficiency, while rooftop gardens provide green spaces for residents. The masterplan will also see 1,500 mature drought-tolerant native trees planted, along with permanent wetlands to boost biodiversity and rain gardens for on-site water treatment.&nbsp;

App-based energy management systems will be implemented, enabling resource efficiency and sustainable living. The project’s construction will prioritise environmental stewardship, with strategies to reuse excavated materials, capture water for irrigation and minimise reliance on external natural resources.

Construction of Dawn will commence in 2025, with completion anticipated in mid-2027.

Sekisui’s $5 billion Melrose Park project is set to transform into a thriving new community upon completion, significantly enhancing the housing supply in the north-west of Sydney with 5,500 homes, a commercial and retail town centre and extensive parklands.&nbsp;

Sekisui’s $5 billion Melrose Park project is set to transform into a thriving new community upon completion, significantly enhancing the housing supply in the north-west of Sydney with 5,500 homes

Sekisui House Australia approved for Dawn, the latest stage at $5 billion Melrose Park masterplan

Diversified New Zealand developer <a href="https://www.urban.com.au/developers/safari-group">Safari Group</a> has introduced a gateway for investors and homeowners to the "adrenaline capital" of &nbsp;New Zealand, situated in the picturesque suburb of Frankton.

Safari's apartment development, Mountain Oak Apartments, will be located in Frankton’s masterplanned precinct, Remarkables Park, offering a mix of 141 apartments ranging in size from 49 sqm to 249 sqm.

The development includes 36 one-bedroom and one-bedroom flexi apartments, 40 two-bedroom and two-bedroom flexi apartments, four three-bedroom apartments, three penthouses, and four private entry apartments.

Dual-key apartments—comprising two separate residences held under one title—are also available.

Its location ensures residents and visitors are just a short drive from popular slopes like Coronet Peak and Cardrona Alpine Resort.&nbsp;

Additionally, the development capitalises on its proximity to essential facilities, including the airport and extensive retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market.

The historic village of Arrowtown, known for its rich gold rush history and scenic trail network, is also just a 30-minute drive away, offering an alternative destination for history and nature enthusiasts.

<img alt="Safari Group’s Mountain Oak Apartments living area" data-entity-type="file" data-entity-uuid="957d1777-8b2b-420e-8a81-f22b75151b85" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Living_WEB.jpg?VersionId=3LglY20Jp_MAzQYdvwODRWvtjL.cZcqI" />

Frankton is a burgeoning area located just seven kilometres from Queenstown’s bustling centre. While Queenstown is a popular year-round holiday destination, its busiest season runs from mid-June to mid-September, coinciding with the snow season.

"It peaks all year round, in both winter for skiing and snowboarding, and summer for hiking, cycling, and water sports," said Safari Group Senior Development Manager Josh Van Veen.

Queenstown’s popularity ensures consistent high demand for short-term visitor accommodations, holiday homes, and residences for long-term tourism workers.

"There is high demand for both tourist and residential living, coupled with a shortage of housing options and limited supply for both renters and home buyers," Van Veen said.

After New Zealand locals, Australians are the second most active buyers in the New Zealand property market. They are particularly drawn to Queenstown’s ski fields due to their affordability and investment potential.

Unlike Australia, New Zealand does not impose stamp or transfer duty on property purchases, saving Australian buyers a minimum of four per cent compared to similar transactions at home.

Safari Group has calculated that the average annual gross return for a Mountain Oak Apartment operating as visitor accommodation is 7.43 per cent.

"Queenstown properties generally offer good returns on investment, making this an excellent opportunity for investors to either dip their toes into property investment or expand their portfolios," Van Veen said.

<img alt="Safari Group’s Mountain Oak Apartments dining area" data-entity-type="file" data-entity-uuid="b24ce18d-f4e3-4b9e-9a01-a6173cdcd5b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Mountain Oak has been designed with this flexibility in mind, offering buyers multiple options. Buyers can opt for long-term rental management to cater to Queenstown's tourism and hospitality workforce or short-term visitor accommodation management to leverage the region’s thriving tourism market.&nbsp;

Buyers can use either the Safari management service, or find their own management provider - this is not something they have to decide straight away.&nbsp;

The Safari short-term accommodation option includes comprehensive services such as cleaning, administration, and 24/7 on-site guest support, providing a hassle-free investment experience.

For homebuyers seeking a permanent residence, Mountain Oak offers spacious apartments with expansive windows that frame breathtaking views of The Remarkables mountain range.

The apartments feature modern amenities, including electronic key-locked front doors, acoustically treated flooring, and underfloor heating in bathrooms, ensuring secure and comfortable living in the Alps.

Kitchens are equipped with premium Fisher &amp; Paykel and Haier appliances, complemented by luxurious yet durable engineered or porcelain benchtops and splashbacks.&nbsp;

Residents can choose between light and dark interior colour schemes to suit their preferences.

One-bedroom apartments at Mountain Oak start from NZ$639,000 (AU$586,000).

Queenstown’s popularity ensures consistent high demand for short-term visitor accommodations, holiday homes, and residences for long-term tourism workers

Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown

Aurora On Depper, St Lucia: Construction Update

Aurora On Depper, nestled in the prestigious suburb of St Lucia, Queensland, is shaping up as one of the most anticipated townhouse developments in the area. As construction progresses, this boutique project is on track to deliver modern, luxurious homes designed to complement the vibrant lifestyle St Lucia is known for.

In a recent update from Angus Mac of AKAM Constructions and Huw Feeney of Dust Group, we got an inside look at the latest developments on-site. Here’s what’s happening as Aurora On Depper approaches completion:

&lt;p&gt;&lt;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/YkN_oofa-f4?si=RA3Hv9FYeCPkKicC" title="YouTube video player" width="560"&gt;&lt;/iframe&gt;&lt;/p&gt;

<h3>Project Milestones So Far:</h3>

<ul>
	<li>Townhouses 1–4: Roof installations are complete, with framing, external cladding, and service rough-ins underway.</li>
	<li>Townhouse 5: External cladding is fully installed, doors are fitted, and the team is preparing for interior sheeting.</li>
	<li>Building 2 – Level 1: Windows and doors are installed, insulation is in place, and sheeting work has commenced.</li>
	<li>Building 2 – Level 2: Electrical and plumbing rough-ins are complete, and waterproofing is set to begin next week.</li>
	<li>Exterior Progress: Painting is finished at the back of Building 2, with scaffolding removal planned for late January, marking a significant visual transformation.</li>
</ul>

[smartcode_project:default project_id=145923 project_image_fid=287623]

<h3>Why Aurora On Depper Stands Out</h3>

Architectural Excellence 
Aurora On Depper combines contemporary design with thoughtful layouts, ensuring every townhouse maximises space, light, and comfort.

Location Perks 
Situated in the heart of St Lucia, this development offers unparalleled access to top-tier education, including The University of Queensland, lush green spaces, and a vibrant local dining and shopping scene.

Premium Finishes 
Each townhouse is crafted with meticulous attention to detail, featuring modern interiors, quality materials, and a seamless blend of indoor and outdoor living.

[smartcode_project:default project_id=145923 project_image_fid=287617]

<h3>Completion Timeline</h3>

The development team is focused on cladding and interior works to ensure the project remains on schedule. Buyers can look forward to moving into a completed, polished product that sets a new benchmark for townhome living in St Lucia.

Aurora On Depper represents more than just a property purchase—it’s a lifestyle investment in one of Brisbane’s most desirable suburbs. Whether you’re an owner-occupier or a savvy investor, this project offers an exceptional opportunity to secure a stunning home in an unbeatable location.

[smartcode_project:default project_id=145923 project_image_fid=287615]

Ready to learn more? Stay tuned for future updates and don’t miss your chance to secure your dream home at Aurora On Depper!

[smartcode_project_cta:default project_id=145923]

Watch the video tour of Aurora On Depper, St Lucia's construction update with Angus Mac of AKAM Constructions and Huw Feeney of Dust Group.

Urban Editorial

Aurora On Depper, St Lucia: Construction Update

<h3>R.Iconic: A Lifestyle-First Masterpiece in Melbourne</h3>

When considering purchasing a property at R.Iconic, it’s impossible to overlook the development’s unique blend of luxury, lifestyle, and location. This landmark project by R.Corporation isn’t just a residential offering—it’s a complete lifestyle experience designed for discerning buyers who want it all.

Michael Searle from R.Corporation sat down with Urban.com.au CEO Mike Bird to discuss what makes R.Iconic such an outstanding choice for buyers. Here are the key highlights that capture why this development stands out in Melbourne’s competitive property market.

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<h3>1. Breathtaking, Protected Views</h3>

Step onto the balcony of any R.Iconic residence, and you’ll be greeted by sweeping views of Port Phillip Bay, stretching to the Mornington Peninsula. Unlike many inner-city properties, these views are protected by zoning regulations, ensuring they remain unobstructed for life.

This not only enhances the day-to-day experience for residents but also secures the long-term value of the property—making R.Iconic an investment as stunning as it is practical.

[smartcode_project:default project_id=5234 project_image_fid=215072]

<h3>2. Unmatched Location</h3>

R.Iconic offers the best of Melbourne living. Just 1.5 kilometres from Collins Street, it’s a short tram ride or walk from the city centre. Meanwhile, the beach, South Melbourne Market, and world-class dining are minutes away, creating a perfect balance between urban convenience and beachside tranquillity.

As Michael Searle explains, “You’ve got this sort of inner-city living, but with a beachside feel. You’re close to all the culture, dining, shopping, and sporting events that Melbourne is famous for, while still enjoying a quieter, more relaxed neighbourhood vibe.”

[smartcode_project:default project_id=5234 project_image_fid=215077]

<h3>3. Lifestyle-Enhancing Amenities</h3>

At R.Iconic, luxury goes beyond the walls of each residence. The development boasts a suite of amenities designed to enhance your lifestyle:

<ul>
	<li>A year-round heated pool and sauna</li>
	<li>A fully equipped gymnasium and running track</li>
	<li>A cinema and dining pavilions</li>
	<li>An acre of gardens designed by Paul Bangay on the fifth floor</li>
	<li>A convenient on-site Coles Local and Liquorland</li>
</ul>

For premium residents—those in the penthouses and townhouses—the Horizon Lounge offers an exclusive retreat with 270° views, a full kitchen, and a luxurious space for hosting special occasions.

[smartcode_project:default project_id=5234 project_image_fid=233906]

<h3>Luxury Residences Tailored to You</h3>

R.Iconic offers a range of luxury residences, each designed with sophistication and comfort in mind:

<ul>
	<li>
	Penthouses and Sub-Penthouses 
	These stunning homes, priced between $2.1 million and $6.3 million, offer 140 to nearly 300 square metres of living space. Elegant interiors by David Hicks feature Gaggenau appliances, marble finishes, and sunlit balconies with panoramic views.
	</li>
	<li>
	Townhouses 
	Inspired by Melbourne’s iconic Victorian terraces, these three-level homes offer private street-level entrances, double garages, and the same high-end finishes as the penthouses.
	</li>
</ul>

Each residence is crafted with meticulous attention to detail, from the spacious hallways to the high ceilings and premium finishes.

[smartcode_project:default project_id=5234 project_image_fid=298021]

<h3>A Completed Project You Can Experience</h3>

One of the standout advantages of R.Iconic is that it’s already complete. Buyers can visit the development and experience the quality, layout, and lifestyle firsthand—something that’s often difficult to imagine from renders alone.

As Mike Bird noted during his tour, “The width of the hallways, the height of the ceilings, and the overall design speak to the thoughtfulness and quality of the development. R.Iconic has prioritised buyer needs, delivering a product that truly stands out.”

[smartcode_project_cta:default project_id=5234]

Watch the video interview with Michael Searle from R.Corporation as he discusses what makes R.Iconic such an outstanding choice for buyers. 

R.Iconic: A Lifestyle-First Masterpiece in Melbourne

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.

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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

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

Off the plan property settlement - how does it work?

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

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

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

A decade-long vision to redefine Perth’s urban landscape has earned <a href="https://www.urban.com.au/developers/golden-sedayu">Golden Sedayu</a> the prestigious Best Mixed-Use Development award at the 7th PropertyGuru Asia Property Awards (Australia), recognising the transformative potential of its flagship project, Burswood Point.

<a href="https://www.urban.com.au/new-townhouses/burswood-point-saintly-entrance-burswood">Burswood Point</a> is a $3.8 billion redevelopment of a 38-hectare site around Belmont Racecourse, which includes 4,500 new dwellings, retail and commercial precincts, luxury hotels, and riverside parks.

The project is expected to contribute over $10 billion to the state economy while creating 25,700 jobs.&nbsp;

[smartcode_project:default project_id=142314 project_image_fid=263304]

Developer Golden Sedayu, a partnership between Perth’s Golden Group and Indonesia's Agung Sedayu, has emphasised sustainability and livability in its masterplan, featuring 2.5 kilometres of Swan River foreshore and 110,000 sqm of public open space, including parklands, beaches, and playgrounds, as integral to the design.

Work on Burswood Point is already well underway, with $80 million spent on site preparation, including new infrastructure and roadworks.

Approvals for the precinct plan and initial construction have been secured, with further development applications for additional towers in progress.&nbsp;

[smartcode_project:default project_id=142314 project_image_fid=263312]

The first homes and apartments at its first stage, Somerset, launched to the market earlier this year. There has been a strong take-up for the 95 one, two, three and four-bedroom apartments spread across two towers, known as Somerset East and Somerset West.

Also released has been a handful of&nbsp;three-level, green-title homes that will include luxury features such as elevators, making them particularly appealing to downsizers seeking long-term living solutions.

Residents will also have access to a range of amenities, including a 25-meter lap infinity pool, gym, sauna, and residents' dining areas.&nbsp;

[smartcode_project:default project_id=142314 project_image_fid=263320]

The first stage of Burswood Point will feature a mix of retail and commercial spaces like a café and grocery store.

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The first homes and apartments at its first stage, Somerset, launched to the market earlier this year

Perth’s Burswood Point wins prestigious Best Mixed-Use Development award

Housing All Australians (HAA) and its network of compassionate capitalists have demonstrated the power of private sector leadership in addressing Australia's housing crisis, with yesterday's launch of the Wyn Carr House project in Fremantle, Western Australia.

Through HAA's coordination, more than $1 million in pro-bono services and materials were secured from over 30 private sector organisations, helping to unlock $7 million in government funding for the transformation of the historic Wyn Carr House into transitional accommodation for women over 55 facing homelessness.

"This project exemplifies what's possible when the private sector takes the lead in addressing our housing crisis," said Lee Rossetto, Chair of HAA's WA State Management Committee.

"By bringing together values-aligned businesses to contribute their expertise and resources, we created the momentum needed to transform an empty building into a home for vulnerable women."

<ul>
	<li>The project showcases HAA's innovative "compassionate capitalism" model, with notable contributions including:</li>
	<li>Cox Architects providing extensive pro-bono design services and leveraging their network for material donations</li>
	<li>RPS delivering ongoing project management support</li>
	<li>More than a dozen professional services firms offering pro-bono expertise in architecture, heritage, town planning, surveying, and engineering</li>
	<li>Over 20 businesses contributing building materials and goods at cost or pro-bono</li>
</ul>

"The housing crisis is too big for government to solve alone," Rossetto emphasised. "Wyn Carr House demonstrates what's possible when the private sector steps up to incubate solutions. By securing significant private sector contributions first, we helped create a compelling case for government investment."

The refurbished facility, to be operated by Uniting WA, will provide 12 ensuite rooms, including one disability-accessible accommodation, along with shared living spaces and support services. The project is expected to complete by late 2025.

The urgent need for projects like Wyn Carr House is powerfully illustrated in the new Australian documentary "Under Cover," now streaming on Netflix. The film, which features HAA's work and was partially funded by compassionate capitalists, reveals the growing crisis of homelessness among women over 50 – precisely the demographic this project will support. "We encourage everyone to watch 'Under Cover' to understand who we're helping and why immediate action through private sector leadership is so crucial," added Rossetto.

This initiative represents another successful deployment of HAA's national strategy to harness private sector skills, goods, and services to deliver innovative housing solutions for Australians in need.

Through HAA's coordination, more than $1 million in pro-bono services and materials were secured from over 30 private sector organisations, helping to unlock $7 million in government funding for the transformation of the historic Wyn Carr House into transitional accommodation for women over 55 facing homelessness.

Private sector leadership unlocks $7 million government funding for vulnerable women's housing

Local downsizers have responded in droves to what prominent Perth developer, Megara, has put together in North Fremantle.

They've recently started construction at Serai, a new mid-rise apartment development designed specifically to cater to downsizers through its larger-than-normal floorplans, high-end fixtures and finishes, and an equally high level of resident facilities, something that tends to be looked upon favourably by those downsizing.

Over 80 per cent of the purchasers so far have been downsizers, predominantly locals, something which Megara knew they were going to see when they drew up the plans.

"We expected the local downsizer market to make up most of our purchasers," Megara Director Jamie Clarke says, adding that everything about the building and its location is tailor-made for that specific buyer demographic.

Megara worked with architect Felipe Soto who cleverly designed the two buildings to encapsulate everything locals love about North Fremantle; the coast and the river. Apartments feature floor-to-ceiling windows that draw in natural light and frame views of the Indian Ocean and Swan River.&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=186198]

While downsizers have jumped at the largest apartments, the three and four-bedroom apartments, as well as the small collection of four-bedroom townhouses, the two and one-bedroom apartments have also proven popular.

"The well-trodden path for a downsizer is to trade out of the family home into a large apartment, so the downsize doesn't seem too daunting and they still have space to have extended family or guests stay, but that's not the path for everyone," Clarke says.

"Budgets naturally influence what you're going to move into, but we've had several downsizers opt for our one-bedroom apartments because they don't want, or need, the additional space. They want to lock the door and spend their retirement traveling."

The boom in the Perth market over the last few years has encouraged a stronger downsizer movement, Clarke says. So far in 2024, Perth house values have risen 18.2 per cent, the best-performing capital city by some margin. In turn, unit values have risen 21.3 per cent over the same period.

"The last few years have made the downsizing path easier as those who own larger family homes have seen their equity rise significantly in recent years, compared to fairly mooted growth in the years prior. There's no better time in the cycle to be looking at downsizing while both houses and apartments grow in value."

[smartcode_project:default project_id=110291 project_image_fid=186208]

Unforeseen, but not entirely surprising, have been purchases from those living in Sydney with family ties to Perth, as well as expats living overseas.

"They're buying now and securing themselves a residence for future use, whether it be on construction completion or shortly after.

"They also see great value compared to how far budgets stretch in coastal Sydney. They've been in the best-performing housing market for decades and have seen their wealth through property skyrocket. Now they're looking to return to Perth in the not too distant future."

Another facet of Serai that is appealing to the downsizer is the level of amenity within the building. Residents will have access to an infinity pool with unobstructed views over the Swan River, as well as a gym with a sauna and yoga studio, and an outdoor cinema.

[smartcode_project:default project_id=110291 project_image_fid=186200]

There’s also a games room, designed with social interaction in mind, featuring a pool and poker table.

The emphasis on community extends to the active street-level area, where a landscaped garden and café create spaces for residents to connect with neighbours.

[smartcode_project:default project_id=110291 project_image_fid=187314]

Clarke says having a high-level of amenity is important in modern-day buildings.

"Not just limited to downsizers, but people nowadays crave convenience, and if we can put a high-level of leisure facilities within their building, as well as a cafe, that really appeals to residents who don't have to go far for everything they need."

What has been an important factor to consider, particularly for locals, is the lack of new development coming to coastal areas like Fremantle. Future supply across most suburbs in Perth, particularly those near the coast, is as low as anywhere in the country.

"When we complete there will be almost nothing comparable to Serai, or anything under construction or even in planning currently. There won't be a lot of new stock that is competing within the immediate vicinity, and that's not lost on our buyers who know this is a rare opportunity," Clarke says.

[smartcode_project:default project_id=110291 project_image_fid=186200]

Serai is under construction by builder West to West, with completion slated for early 2026.

Clarke says being under construction in today's built environment is a huge confidence lift for buyers.

"Prior to 2017 or 2018, buyers weren't really phased as to what stage the development was at," Clarke says.

"Now they're more informed than ever, and naturally want certainty and assurances their new apartment will actually be delivered. A small minority of buildings don't get delivered, but they're the ones that grab the headlines and dampen confidence across the board."

[smartcode_project_cta:default project_id=110291]

Serai is under construction by builder West to West, with completion slated for early 2026



Why Serai in North Fremantle is proving popular with downsizers

<a href="https://www.urban.com.au/developers/uem-sunrise" target="">UEM Sunrise</a>&nbsp;has been given the green light by DevelopmentWA to proceed with what will be the company's first residential developments outside of&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic" target="">Melbourne</a>.

UEM filed for two mixed-use buildings in&nbsp;<a href="https://www.urban.com.au/developments/subiaco-east-wa">Subiaco East</a>&nbsp;in Perth, on a large&nbsp;4,930 sqm site at 201-203 Subiaco Road,&nbsp;earlier this year.

DevelopmentWA, the State Government's central development agency, recently approved the towers, suggesting the&nbsp;proposal "achieves the objectives of the Subi East Masterplan, which identifies the site for a high quality, high-density residential outcome."

The two towers,&nbsp;just beyond the boundary line of the iconic Subiaco Oval and alongside Haydn Bunton Drive, will be the first within the overall Subiaco East Masterplan by DevelopmentWA.

<img alt="Subacio" data-entity-type="file" data-entity-uuid="3729e715-c842-440d-8300-55fab6c18dd2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%202.42.47%E2%80%AFPM.png?VersionId=LylG3BeFaI7IPMr5yneKVKXmfp8cL7og" />

The development will comprise around 340 apartments and is expected to accommodate more than 1,000 future residents, with up to 12 per cent of the apartments providing affordable housing in the Western suburbs.

The scheme will see two well-designed residential buildings on Lot 1 with a tiered height of 25 and 35 levels plus a ground floor, creating a strong visual aesthetic for the landmark development. This will be complemented by a 10-level building plus a ground floor on Lot 2.

The design for the mixed-use residential precinct will promote communal interaction through well-curated spaces, 400 sqm of retail space on the ground floor of Lot 1, which permeates into gardens and landscaping that augment the public facilities at The Oval site.

<img alt="UEM Sunrise submit Subiaco Oval apartment development plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-30%20at%205.05.07%20pm.png?VersionId=.IV.XYW5_SseIP82gP52XMN8k21WtnJx" />

At the time of the development application submission,&nbsp;<a href="https://www.urban.com.au/developers/uem-sunrise" target="">UEM Sunrise</a>&nbsp;Chief Executive Officer Sufian Abdullah said the submission represented an exciting step forward for the company and its first development for the Perth residential market.

“We have had a significant presence in Australia for many years and we’re delighted to be delivering this landmark project in our first venture into Western Australia,"&nbsp;Abdullah said.

"We will bring our considerable local and global expertise in mixed-use developments to the Perth residential market to create a vibrant and connected new community in Subiaco East.”

He said the development will create&nbsp;a high-quality residential precinct at an important time in the WA housing market – delivering new housing supply at scale.

"Our unique offering will appeal to home-owners – individuals and families – at different stages in their life, with greater flexibility and opportunity for intergenerational living, work-life integration and connection to a diverse community.”

Construction of the development is expected to commence in 2026.

At the time of the development application submission, UEM Sunrise Chief Executive Officer Sufian Abdullah said the submission represented an exciting step forward for the company and its first development for the Perth residential market.

UEM Sunrise approved to develop two towers on Subiaco Oval

Prominent Perth builder-developer, <a href="https://www.urban.com.au/developers/willing-property">Willing Property</a>, has revealed its latest apartment development.

They're heading to the tightly held suburb of Coolbinia, near Mount Lawley, where they’ve just launched <a href="https://www.urban.com.au/new-apartments/the-coolbinia">The Coolbinia</a>, a collection of just 33 two, three and four-bedroom residences.

In Willing's commitment to community engagement creating places where people love to live, the residences will be located above a row of ground floor retail and hospitality spaces, one of which will be occupied by Willing's own cafe and wine bar, following the success of similar venues Willing Coffee and Bar Vino.

[smartcode_project:default project_id=138406 project_image_fid=306009]

The Coolbinia, strategically located at 2-8 Adair Parade, just off Walcott Street and near Mount Lawley Golf Club, several schools, and the popular Beaufort Street strip of shops and bars,&nbsp;presents one of the first opportunities to buy brand new in the small 0.9-square kilometre suburb in decades.

The Coolbinia is a departure from the traditional large-family homes prevalent in the area, offering spacious, home-sized apartments that reflect the scale of single dwellings but with significantly reduced maintenance.&nbsp;

This approach responds to the growing demand for modern living solutions, blending community-focused design with convenience

[smartcode_project:default project_id=138406 project_image_fid=308909]

Designed by the award-winning MJA Studio, the building showcases the elegance of Milan’s grand apartments, intertwined with the classic curves and Art Deco influences of the 1920s, and the charm of the surrounding character filled green streetscapes.

Residents will also benefit from private club-style amenities, including a sauna, gymnasium and yoga studio, workshop, and an open-air lobby.

Additional conveniences such as a parcel room with secure lockers, and a dog washroom further emphasise Willing’s focus on practicality and lifestyle.

[smartcode_project:default project_id=138406 project_image_fid=306010]

Additional conveniences such as a concierge-style mail room, parcel lockers, and a dog wash further emphasise the project’s focus on practicality and lifestyle.

Sustainability is a key element of the design, with green-focused building actively pursuing minimised waste and energy efficiency strategies, while considered design and material selection creating spaces to elevate your well-being. Common areas will be powered by solar energy, and provisions for electric vehicle (EV) charging have been integrated.&nbsp;

Landscaping by Carrier and Postmus Architects complements the overall design, with generous courtyards and green spaces providing a connection to the natural surroundings.

[smartcode_project:default project_id=138406 project_image_fid=308910]

Coolbinia is a quiet suburb on the edge of Mount Lawley, the latter of which three generations of the Willing family have called home.

Willing Founding Director Tim Willing says he has a life-long love for Mt Lawley and the surrounding area.

"I want to provide the opportunity for people to stay in an area they love, as well as give others the chance to move in and create family memories like the ones I've been fortunate enough to make," Tim says.

Willing is currently developing West Residences in Mt Lawley, just over three kilometres away from The Coolbinia. That's over 50 per cent sold and construction is underway, with forecasted completion in the first half of 2026.

[smartcode_project_cta:default project_id=138406]

The Coolbinia is a departure from the traditional large-family homes prevalent in the area, offering spacious, home-sized apartments that reflect the scale of single dwellings but with significantly reduced maintenance

Willing Property launch latest Perth apartment development, The Coolbinia

The largest mixed-use urban development Perth has ever seen is underway in Burswood, with developer Golden Sedayu recently launching their 10-year masterplan, Burswood Point.

<a href="https://www.urban.com.au/new-apartments/burswood-point-saintly-entrance-burswood">Burswood Point</a> will see the 38-hectares around the Belmont Racecourse redeveloped to home 4,500 new dwellings, including apartments and riverfront homes, as well as a full retail and commercial precinct with restaurants,&nbsp;markets, riverside parks, shopping centers, and luxury hotels.

With everything going on at Burswood Point, I caught up with&nbsp;<a href="https://www.urban.com.au/developers/golden-sedayu">Golden Sedayu</a>&nbsp;Sales Director, David Dragun, to talk in-depth about Burswood Point and the vision.

<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/ut3cdwqCs5o?si=gTluowsdL1CuoI_j" title="YouTube video player" width="560"></iframe>

Dragun said that the team has worked closely with the local council and government to bring this huge project to life. With the country in a bit of a housing crunch, having a development this big is a huge plus for Perth.

The first stage, Somerset West, has already seen strong interest on the 95 one, two, three and four-bedroom apartments released.

[smartcode_project:default project_id=142314 project_image_fid=228355]

The three-level green title homes include luxury features such as elevators, making them particularly appealing to downsizers seeking long-term living solutions.

Residents will also have access to a range of amenities, including a 25-meter lap infinity pool, gym, sauna, and residents' dining areas.&nbsp;

The project’s scale helps keep strata fees manageable, ensuring affordability while offering high-end facilities. Additionally, the development will feature a mix of retail and commercial spaces, including a café and grocery.

[smartcode_project:default project_id=142314 project_image_fid=263304]

Dragun emphasised the project's appeal to both local and international buyers, with interest coming from across Australia, particularly from the East Coast.&nbsp;

The proximity to key entertainment hubs, the airport, universities, and the city makes Burswood Point a prime location for those seeking a balanced lifestyle.

Perth continues to lead the market in capital growth and projects like Burswood Point are expected to see substantial value increases over time.&nbsp;

[smartcode_project_cta:default project_id=142314]

The first stage, Somerset West, has already seen strong interest on the 95 one, two, three and four-bedroom apartments released

Michael Bird

An insight into Burswood Point, Perth's biggest ever housing project: Five minutes with David Dragun from Golden Sedayu

West Residences in Mount Lawley is the latest offering from the award-winning local developer, Willing Property.&nbsp;

Located on West Parade, <a href="https://www.urban.com.au/new-apartments/west-residences-mount-lawley-141-west-parade-mount-lawley">West Residences</a>&nbsp;features a limited collection of 29 two and three-bedroom residences, ideally positioned within walking distance of the Swan River and the vibrant Beaufort Street retail strip, just 2.5 kilometres from Perth’s CBD.

We recently visited the display suite at 678 Beaufort Street in <a href="https://www.urban.com.au/developments/mount-lawley-wa-6050">Mount Lawley</a>&nbsp;and spoke with Butler Property's executive Steve Plummer and senior sales executive Jayson Watson to find out more about what's on offer.

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Inspired by the iconic Flatiron building in New York, <a href="https://www.urban.com.au/architects/klopper-davis-architects">Klopper and Davis Architects</a> have crafted West Residences to stand out as a significant architectural landmark in Perth.

The development's design responds to the unique angular site with generously proportioned floor plans and expansive private balconies that offer panoramic views of the city, river, and surrounding hills.&nbsp;

[smartcode_project:default project_id=138755 project_image_fid=280563]

Each residence is thoughtfully designed with high ceilings, excellent solar access, and efficient ventilation to ensure a spacious and comfortable living environment.

Residents will enjoy access to a range of amenities, including a level three orangery, a walkable citrus garden with dining areas, and spaces for yoga.&nbsp;

[smartcode_project:default project_id=138755 project_image_fid=280575]

The development prioritises sustainability, with common areas powered by solar energy.&nbsp; Additional features include secure parking, private storerooms, and bicycle storage.&nbsp;

<a href="https://www.urban.com.au/developers/willing-property">Willing Property</a>&nbsp;has an in-house hospitality team that will operate the ground floor cafe upon building completion, while their in-house construction arm has already kicked off construction on West Residences. They expecting completion in 2026.

[smartcode_project_cta:default project_id=138755]

Willing Property has an in-house hospitality team that will operate the ground floor cafe upon building completion, while their in-house construction arm has already kicked off construction



Inside West Residences, Mt Lawley new apartments by Willing: Urban display suite tour

Dwelling approvals in Western Australia have shown signs of improvement, but this growth in housing supply is unlikely to have a great effect on property prices.

That's the view of Resolve Property Solutions buyers agent, Peter Gavalas.

“There’s been a marked increase in dwelling approvals over the past few months, but this was coming off a low base,”= Gavalas says.

“We still have a significant supply deficit in <a href="https://www.urban.com.au/new-apartments/perth-wa">Perth</a> compared to population growth.”

The latest Australian Bureau of Statistics (ABS) data shows a 19.6 per cent improvement in total dwelling units approved between April and May 2024.

[smartcode_project:default project_id=142314 project_image_fid=263304]

Gavalas says population growth remains a key driver.

"Perth has seen significant population increases over the past few years, largely due to its relatively affordable cost of living and economic opportunities compared to other major Australian cities."

Western Australia’s population growth is fueled by interstate migration and a flourishing economy. The state recorded the largest population growth in 2023, up 3.3 per cent, according to the ABS.&nbsp;

“This influx of people continues to outpace the number of new homes being built, maintaining high demand for housing and will continue to do so,” Gavalas added.

Perth has a projected annual growth rate of 1.4 per cent over the next decade, according to the Centre for Population.&nbsp;

Another barrier for new homes is the cost of construction.

"Construction costs have soared, driven by a combination of material price hikes, interest rates and labour shortages," he said.

[smartcode_project:default project_id=142314 project_image_fid=228352]

CoreLogic’s latest residential construction costs analysis shows that, despite a slight improvement in costs, it is still around 30 per cent more expensive to build or renovate now than pre-Covid.

“This is translating into new builds being priced out of reach for a large segment of the market."

Adding to the situation is the fact that the pool of established homes being listed for sale is also smaller. In June 2024, total listings were down 32.2% across Perth, according to SQM Research.&nbsp;

"Homeowners are holding onto their properties, partly due to the uncertainty in the market and the difficulty in finding a new home once they sell. This reduces the overall availability of housing and further intensifies competition among buyers,” he said.

“With fewer homes available for purchase, and little in the way of new builds, it’s no wonder there has been such upward pressure on property prices over the last year.”

[smartcode_project:default project_id=142314 project_image_fid=263312]

Prices in Perth grew 23.6 per cent in the 12 months to June, according to CoreLogic.

But, despite its housing struggles, Gavalas said Perth is still a desirable location for buyers, thanks largely to its affordability. "Compared to the eastern capitals, Perth remains relatively affordable. This continues to attract buyers who are after better value for their money."

This sustained demand from buyers plays off against the slow pace of new supply and the high costs associated with construction.&nbsp;

"Even with more approvals, it would still take time before these properties were built, which means Perth’s supply shortage is unlikely to be solved anytime soon. For this reason, price growth in Perth is unlikely to flatten out in the near future,” he said.

Perth’s housing supply might be improving, but it's still lagging population growth

Willing Property has marked the construction of its latest Perth apartment development, West Residences in Mt Lawley.

A groundbreaking ceremony was attended by Minister for Housing, Hon. John Carey MLA, and Willing Property Founder Tim Willing to mark the start of construction that will be handled by Willing Property's inhouse building arm, Willing Build.

West Residences is set to be an iconic addition to <a href="https://www.urban.com.au/developments/mount-lawley-wa-6050">Mount Lawley</a>, designed in collaboration with acclaimed architects Klopper &amp; Davis and internationally renowned landscape architects CAPA.

They were inspired by the New York landmark the Flatiron building. <a href="https://www.urban.com.au/new-apartments/west-residences-mount-lawley-141-west-parade-mount-lawley">West Residences</a> will home 29 large-scale apartments atop a Willing Coffee shop on the ground floor.

[smartcode_project:default project_id=138755 project_image_fid=280579]

Three generations of the <a href="https://www.urban.com.au/developers/willing-property">Willing</a> family have resided in Mount Lawley, a suburb which Tim says he has a "life-long love for."

"I want to provide the opportunity for people to stay in an area they love, as well as give others the chance to move in and create family memories like the ones I've been fortunate enough to make.”

Tim said&nbsp;West Residences represents Willing's commitment to quality and design.

"We've paid special attention to every detail, ensuring each residence offers a unique living experience with all the modern conveniences. From the interiors to the views, West Residences is designed to provide an unparalleled living experience in Mount Lawley."

[smartcode_project:default project_id=138755 project_image_fid=280563]

Future residents of West Residences will benefit from the convenience of being just a short walk from Beaufort Street, a cycle ride to the river, or a short train ride to the city.

The apartments are designed in angular forms, resulting in a unique collection of residences. High 2.7m ceilings, thoughtful solar access and ventilation will create uplifting homes with a calming sense of space. Oversized private balconies extend the living areas outdoors, offering rare panoramic city, river and hill views.

Sam Klopper, Director of <a href="https://www.urban.com.au/architects/klopper-davis-architects">Klopper &amp; Davis Architects</a>, highlighted the distinctiveness of the project.

“Like New York’s Flatiron building, the site of West forms the junction between the orderly and the sublime," Klopper said.

"The avenues of Mount Lawley are crossed by West Parade, creating an opportunity to celebrate this contrast with a beautiful, angled form building.”

[smartcode_project:default project_id=138755 project_image_fid=280567]

West Residences adheres to 7-Star Nationwide House Energy Rating Scheme (NatHERS) performance criteria and will achieve carbon neutrality with standards that focus on the highest level of green rating. This includes a grid-connected solar PV system to deliver renewable power to all common amenities and EV charging.

West Residences is slated for completion in 2026.

[smartcode_project_cta:default project_id=138755]

Three generations of the Willing family have resided in Mount Lawley, a suburb which Tim says he has a "life-long love for."

Willing Property mark construction start of Mount Lawley apartment development, West Residences

Perth is set for one of Australia's largest urban renewal projects with the landmark $3.8 billion development of the Belmont Racecourse Precinct.

<a href="https://www.urban.com.au/developers/golden-sedayu">Golden Sedayu</a>&nbsp;recently revealed&nbsp;<a href="https://www.urban.com.au/new-apartments/burswood-point-saintly-entrance-burswood">Burswood Point</a>, a 38-hectare masterplan that will bring 4,500 apartments and a significant amount of amenity and hospitality to the immediate area surrounding the racecourse.

Buyers have now been given the first chance to buy in Burswood Point, with the release of apartments in the first two towers, Somerset East and Somerset West.

[smartcode_project:default project_id=142314 project_image_fid=263313]

Part of the first two towers is a suite of amenities&nbsp;including a 20-metre infinity pool with views towards the Swan River, an observation deck with private views of the racetrack and Optus Stadium, and a wellness centre.&nbsp;

The first tranche of retail and hospitality will also feature in this stage.

With everything going on at Burswood Point, we went to visit the display suite at 1 Saintly Entrance, <a href="https://www.urban.com.au/developments/burswood-wa-6100">Burswood</a>, to delve into the first stage of this 20-year project.

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[smartcode_project_cta:default project_id=142314]

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