<a href="https://www.urban.com.au/developers/monolith-projects">Monolith Projects</a> has officially appointed Sinjen as the builder for their highly anticipated Sculpt apartment development in Hawthorn, marking a significant milestone with construction set to commence soon.&nbsp;

<a href="https://www.urban.com.au/new-apartments/sculpt-hawthorn-43-riversdale-road-hawthorn">Sculpt</a>, located on Riversdale Road, stands out as a unique offering in <a href="https://www.urban.com.au/developments/hawthorn-vic-3122">Hawthorn</a>'s tight off the plan apartment market, being the only development currently available in the area.

Sculpt, designed in collaboration with the renowned <a href="https://www.urban.com.au/interior-designers/mim-design">Mim Design</a>, <a href="https://www.urban.com.au/architects/parallel-workshop-architecture">Parallel Workshop</a>, and landscape architect <a href="https://www.urban.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, will comprise 18 two, three, and four-bedroom apartments.&nbsp;

[smartcode_project:default project_id=144271 project_image_fid=279494]

The architectural design of the low-rise building is characterised by its curved, sculptural form, with a palette of neutral brick and bronze detailing that seamlessly integrates with the surrounding streetscape.&nbsp;

The development draws inspiration from the natural beauty and heritage of Hawthorn, incorporating artistic elements that aim to blend luxury with nature.

[smartcode_project:default project_id=144271 project_image_fid=279489]

The interior design, led by Mim Design, emphasises spaciousness and refinement, with materials such as marble, timber, and bronze accents used throughout.&nbsp;

The apartments are fitted with high-end fixtures and premium Miele appliances, while open-plan living spaces are enhanced by floor-to-ceiling windows that allow natural light to flood in.&nbsp;

Residents will enjoy features such as bespoke integrated bars, electric fireplaces, and expansive terraces with lush landscaping designed by Jack Merlo.

[smartcode_project:default project_id=144271 project_image_fid=279497]

Sustainability is a core principle of Sculpt's design, with passive features integrated to optimise natural heating and cooling.&nbsp;

A 10 kW rooftop solar PV system, electric vehicle charging infrastructure, and an in-ground rainwater tank are among the environmentally conscious features that align with the project’s commitment to reducing its carbon footprint.

Sculpt’s location at 43 Riversdale Road offers residents convenient access to Hawthorn’s amenities like the retail strip of Glenferrie Road, just a short walk away.&nbsp;

Jellis Craig Projects Director Stephen Bowtell is marketing Sculpt.

[smartcode_project_cta:default project_id=144271]

Sculpt’s location at 43 Riversdale Road offers residents convenient access to Hawthorn’s amenities like the retail strip of Glenferrie Road, just a short walk away.

Joel Robinson

Monolith Projects appoint Sinjen to build Sculpt Hawthorn apartments

SEQ developer Mosaic Property Group has revealed the changes it intends to make to the design of its recently acquired, development-approved site from Woolworths development arm Fabcot.

The important piece was to keep the full-line Woolworths on the street level at <a href="https://www.urban.com.au/new-apartments/25-ferry-street-kangaroo-point">25 Ferry Street</a>, but amended some parts of the tower to be more inkeeping with how Mosaic has developed across Brisbane for the last two decades.

They've brought in <a href="https://www.urban.com.au/architects/bda-architecture">BDA Architecture</a> to tweak the design of the approved plans by Cottee Parker. The changes have been minor, with an additional level added but the number of apartments reduced from 130 to 128.

Gone are the seven one-bedroom apartments, replaced by some more three-bed units. There's also been an inclusion of three four-bedroom apartments, a configuration that wasn't on the old scheme.

The Urban Planning Report by DTS Group suggested the reduction in units will "deliver more spacious, functional residences that provide a high level of amenity for future occupants and appeal to a wider range of potential residents."

There's also been a change to the rooftop level. The gym that had been located on the roof has been moved down to the podium level to facilitate a larger dining and kitchen area on the roof. That will now have an informal lounge space and a TV lounge room that leads onto a viewing deck.

The approved outdoor BBQ and associated seating area is to be relocated to the eastern side of the rooftop and a new golf simulator is proposed. There's also a new small wellness area with sauna and ice plunge, near the 20m pool and adjoining spa.

<img alt="25 Ferry St, Kangaroo Point" data-entity-type="file" data-entity-uuid="176260d8-cc9a-45e3-8668-a14bf8a465e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/25%20Ferry%20St%2C%20Kangaroo%20Point%20apartment%20pers.png?VersionId=EUj68fLrkKaWAJT4lsErSN.AKitHSycR" />

BDA noted in their submission to the Brisbane City Council the project presents a contemporary design that "thoughtfully respects and integrates with the surrounding environment and architectural character."

"Its overall shape, massing, composition, and intricate details have evolved from a thorough analysis of the site’s physical characteristics, existing context, view corridors, and climatic conditions," BDA said.

"The proposed structure is thoughtfully divided into two distinct elements: a meticulously crafted brick podium housing parking and retail spaces, and an elegant residential tower that rises above, offering luxurious apartments and resident amenities."

"The careful detailing of the built form signifies a positive contribution to the Kangaroo Point precinct."

<a href="https://www.urban.com.au/developers/mosaic-property-group">Mosaic Property Group</a>&nbsp;secured the prime 3,197 sqm site earlier this year from Fabcot. The site has been vacant for the last three decades.

<img alt="25 Ferry St, Kangaroo Point site" data-entity-type="file" data-entity-uuid="b8256658-f963-4df7-97dd-47a7d81ab5b7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kangaroo%20Point%20site.png?VersionId=tsFR5_ik7AmUYR5mNptmXhDGs84Ao6mW" />

<a href="https://www.urban.com.au/developers/mosaic-property-group">Mosaic</a>&nbsp;Founder and Managing Director, Brook Monahan, emphasised the long-term significance of the acquisition.

"This iconic site has been on our radar since 2016, known to many as a dormant opportunity burdened by years of challenges," Monahan said.

"After a thorough 12-month process, we are honoured to have been entrusted by Woolworths to bring this landmark site to life. It is a truly special location."&nbsp;

Monahan said Kangaroo Point has long awaited a project that introduced essential amenities while further elevating the area's architectural landscape.

"Our collaboration with Woolworths is rooted in a shared vision—to seamlessly integrate luxury living with retail convenience, ultimately enriching the lives of residents and the broader community."&nbsp;

The Urban Planning Report by DTS Group suggested the reduction in units will "deliver more spacious, functional residences that provide a high level of amenity for future occupants and appeal to a wider range of potential residents."

First look: Mosaic reveals amended plans for Woolworths Kangaroo Point site

<a href="https://www.urban.com.au/developers/sma-projects">SMA Projects</a> is bringing a piece of Fitzroy's storied past back to life with The Regent, a new apartment development that reimagines the former site of the iconic Regent Theatre.&nbsp;

Once a place where Melbourne's residents gathered to be swept away by the glamour of the silver screen, the theatre's legacy now lives on in a new form—this time as a collection of apartments designed by award-winning architectural practice <a href="https://www.urban.com.au/architects/hayball">Hayball</a>.

<a href="https://www.urban.com.au/new-apartments/the-regent-fitzroy-340-fitzroy-street-fitzroy-vic-3065">The Regent</a>&nbsp;will comprise 64 one, two, and three-bedroom apartments starting from $725,000.

[smartcode_project:default project_id=24824 project_image_fid=304611]

The architecture and interiors of the building reintroduce elements of glamour that nod to the Regent Theatre’s former grandeur.

From the arched ceilings and art deco details of the foyer to the rooftop terrace with views of the city, every detail of the building reflects a blend of old and new, allowing The Regent to contribute to the rich history of its location.

Each apartment is available in two distinct design options by Studio Tate, offering buyers a choice between the light, Nordic-inspired Classic Collection and the richer, darker Arthouse Collection.

Among its amenities, The Regent offers a 315 sqm rooftop terrace with barbeque facilities and dining areas with panoramic views of Fitzroy and the city skyline.

A unique offering is a guest suite that can be booked by residents for their friends and family. There's&nbsp;also a workshop space and a dog wash for the pet-friendly building.

[smartcode_project:default project_id=24824 project_image_fid=304613]

The strategic location on the corner of&nbsp;<a href="https://www.urban.com.au/developments/fitzroy-vic-3065">Fitzroy</a>&nbsp;and Johnston Street will put residents within walking distance of an abundance of&nbsp;cafes, bars, restaurants and parks, as well as transport connections on the adjacent Brunswick and Nicholson Streets.

[smartcode_project_cta:default project_id=24824]

The architecture and interiors of the building reintroduce elements of glamour that nod to the Regent Theatre’s former grandeur

SMA bring back The Regent Theatre heritage in Fitzroy with latest apartment development

In Australia, a significant percentage of real estate transactions involve properties bought off the plan, yet this approach remains unfamiliar to many buyers.

Purchasing a property before it’s built can offer several opportunities, but it also comes with unique risks and considerations. Understanding the ins and outs of the off the plan buying process is crucial for making an informed decision.

In this article, we’ve highlighted the key factors to consider when buying off the plan, ensuring you’re well-prepared for this important investment.

<h2>1. What does "buying off the plan" mean?</h2>

Buying off the plan refers to purchasing a property, such as an apartment or house, that has not yet been constructed or is currently under construction.

Instead of viewing a finished property, buyers base their decision on building plans, designs, and artist renderings provided by the developer.

<h2>2. What are the advantages of buying off the plan?</h2>

<ul>
	<li>Potential Price Savings: Developers often offer competitive prices and incentives to secure early buyers, particularly before construction begins.</li>
	<li>Extended Saving Time: You typically only pay a deposit upfront, giving you more time to save for the remaining balance due upon completion.</li>
	<li>Capital Growth Potential: The property's value may appreciate during the construction period.</li>
	<li>Modern Design and Features: Enjoy new, contemporary designs and the latest amenities.</li>
	<li>Stamp Duty Savings: Some states and territories offer stamp duty concessions or exemptions for off-the-plan purchases, especially for first-home buyers.</li>
	<li>Tax Advantages for Investors: There can be potential tax deductions for investors, such as depreciation benefits.</li>
</ul>

<h2>3. What are the disadvantages and risks of buying off the plan?</h2>

<ul>
	<li>Project Delays: Construction timelines can be unpredictable, potentially leading to extended settlement periods.</li>
	<li>Potential for Value Fluctuations: The property market can change during construction, and the final value may be lower than the purchase price.</li>
	<li>Developer Bankruptcy: If the developer goes bankrupt, completion of the project may be jeopardized, and deposit recovery could be difficult.</li>
	<li>Limited Customization: Changes to the design or finishes might be restricted once construction has commenced.</li>
	<li>Unforeseen Costs: Be cautious of potential hidden costs or variations that can arise during the development process.</li>
</ul>

<h2>4. How does financing work for off the plan purchases?</h2>

Lenders may grant conditional loan approval (pre-approval) based on the projected value of the completed property. However, the final loan approval and amount are contingent upon a valuation conducted closer to settlement.

This final valuation ensures the property's value aligns with the loan amount and assesses any changes in your financial situation.

<h2>5. What is a sunset clause, and why is it important?</h2>

A sunset clause is a provision in the contract that allows either the buyer or the developer to terminate the agreement if construction has not reached a specific stage by a predetermined date. This clause protects buyers from indefinite delays and allows them to potentially recoup their deposit if the project faces significant setbacks.

<h2>6. Can I negotiate the price when buying off the plan?</h2>

Negotiation is possible, especially in the early phases of a development when the developer is seeking to attract initial buyers.

Be prepared to do your research and make a reasonable offer.

<h2>7. What should I check before signing an off the plan contract?</h2>

<ul>
	<li>Developer Reputation: Research the developer's track record and financial stability.</li>
	<li>Contract Terms and Conditions: Carefully review all clauses, paying close attention to payment schedules, sunset clauses, potential variations, and dispute resolution processes.</li>
	<li>Inclusions and Finishes: Obtain a detailed list of inclusions and specifications, including the quality and brand of fixtures and appliances.</li>
	<li>Seek Legal Advice: Consult with a solicitor or conveyancer to ensure you understand the legal implications of the contract before signing.</li>
</ul>

<h2>8. How is my deposit protected when buying off the plan?</h2>

Deposits for off the plan purchases are held in a trust account until settlement. This protects your funds in case of developer insolvency or project failure.

Be sure to understand the specific deposit protection regulations in your state or territory.

Buying off the plan refers to purchasing a property, such as an apartment or house, that has not yet been constructed or is currently under construction

The top eight considerations when buying off the plan

Sloane Property Group has appointed local builder <a href="https://www.urban.com.au/builders/level-10">Level 10</a> to lead the construction of their Kindred townhouse development in Mentone.

<a href="https://www.urban.com.au/new-townhouses/kindred-mentone-brindisi-street-mentone">Kindred</a>, located on Brindisi Street, comprises just 10 three-bedroom townhouses, of which over half are already spoken for.

The townhouses are designed by award-winning architects <a href="https://www.urban.com.au/architects/megowan-architectural">Megowan</a>, with whom Sloane has collaborated on several projects in the past.

[smartcode_project:default project_id=138768 project_image_fid=214857]

Kindred has drawn attention for its beach-inspired architecture, featuring a recycled cream brick exterior, white timber slats, and cascading greenery, echoing the nearby cliffs and <a href="https://www.urban.com.au/developments/mentone-vic-3194">Mentone</a> Beach.

Some of the townhouses come with rooftop decks, providing views over the suburb and an opportunity for homeowners to create personal spaces like rooftop bars or exercise areas.

The development's garages offer flexibility beyond just parking, with space for home gyms or storage for recreational equipment such as bikes and paddle boards.&nbsp;

Each townhouse also includes oversized double lock-up garages, a notable feature given the flexibility of them being used either as a traditional parking space, or a home gym or office.

Eco-friendly features like solar-ready roofs, electric charger installations, and a minimum 6-star energy efficiency rating highlight the project's sustainability focus.

[smartcode_project:default project_id=138768 project_image_fid=214989]

Mentone's location has been a major draw for buyers, with the development situated just a few streets from the beach, local reserves, and the bustling Mentone Parade retail strip.&nbsp;

The proximity to schools such as Mentone Grammar and Kilbreda College, combined with the area's recreational opportunities, including nearby golf courses and parks, has added to Kindred's appeal.&nbsp;

The demand has been steady, attracting local buyers as well as interest from further afield, including an expat purchaser familiar with Megowan's design quality.

<a href="Canopy, Crows Nest - 23-27 Wheatleigh Street, Crows Nest">Sloane Property Group</a> has a solid track record of delivering architecturally-driven townhouse projects across Melbourne, particularly in the Bayside area.

Kindred is expected to welcome residents in late 2025.

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Provider	Loan name	Rate	Comparison rate*
Smart finance	Horizon Loan	4.69%	5.02%
State Custodians	Peak Performance Offset	4.74%	5.11%
Loans.com.au	Blackboard Special – purchases only	4.75%	4.77%

Provider	Loan name	Rate	Comparison rate*
Greater Building Society	Ultimate Home Loan Package	4.54%	5.49%
Newcastle Permanent	Fixed Rate	4.59%	5.71%
iMortgage.com.au	Fusion 75	4.74%	5.07%

Provider	Loan name	Rate	Comparison rate*
HomeloanHQ	Rate Lock Home Loan	4.69%	5.19%
iMortgage.com.au	iMortgage Fusion ProPack 75	4.69%	5.23%
UBank	UHomeLoan for refinancing	4.73%	4.97%

The cheapest fixed and variable mortgage offerings as August rate cut seems more likely

Larry Schlesinger

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