New report from leading Australian developer <a href="https://www.urban.com.au/developers/thirdi-group">Third.i</a> reveals that their one-of-a-kind residential development, Elevate Hume Place—situated above the newly opened Crows Nest Metro Station—offers a prime real estate opportunity with strong long-term value and high rental yields.

Research has revealed that over the past decade, suburbs along the Metro line have seen a 49 per cent increase in capital values, with <a href="https://www.urban.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> experiencing a remarkable 79 per cent growth, driven by improved accessibility and future infrastructure potential*.

A review of 11 stations across Sydney shows that rental and sales prices for properties centrally located near these stations are, on average, 33 per cent higher than those on the periphery of the local government area*.

The convenience and lifestyle benefits associated with living near public transport make these properties highly desirable. Historical data shows that residential properties near transit stations consistently outperform the market in both rental rates and sales prices.

[smartcode_project:default project_id=142550 project_image_fid=297877]

In addition to local trends, global patterns indicate a growing demand for properties near public transportation.

In Tokyo, properties within a five-minute walk of major train stations enjoy a value premium of 20-30 per cent. while Shenzhen in China has seen residential property values increase by 17-23 per cent within a 400-600 meter radius of new metro stations.

These international examples underscore the potential for significant growth in property values for Elevate Hume Place, situated directly above Crows Nest Metro Station.

Crows Nest is not only benefiting from improved connectivity but is also poised for economic growth. The Metro Station is expected to attract new businesses and residents, bolstering the local economy. As more people flock to this well-connected area, property values are anticipated to appreciate further.

<a href="https://www.urban.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate</a> offers 130 one, two, and three-bedroom apartments, thoughtfully crafted to foster social interaction through upscale communal amenities. Residents will enjoy seamless connectivity to the heart of Sydney, as demand for centrally located properties with superior transport access continues to drive growth for both buyers and investors.

Third.i Co-Founder Luke Berry says that the Metro will boost Crows Nest’s connectivity and accessibility, elevating its appeal and driving property values, while attracting new residents, visitors, and businesses to the area.

[smartcode_project:default project_id=142550 project_image_fid=297878]

“The Crows Nest Metro station is poised to become a catalyst for commercial growth and investment in the area," Berry says.

"The Metro will allow you to be in North Sydney, Barangaroo, and the CBD within minutes. It’s going to draw new and interesting people who want to explore the village, shop, consume and invest in the area."

Berry says&nbsp;Crows Nest offers a unique blend of urban convenience and community charm.

"With its prime location, excellent amenities, strong demographic profile, and now the Metro, it’s an ideal choice for both residents and investors seeking long-term financial gains."

The Crows Nest Metro Station has transformed connectivity for residents, placing Crows Nest just seven minutes from the CBD and four minutes from Chatswood. According to new data from the Australian Bureau of Statistics, the metro will also shorten the average one-way commute for Crows Nest residents by 18 minutes.

[smartcode_project:default project_id=142550 project_image_fid=297878]

In addition to improved connectivity, the Crows Nest Metro introduces several upgrades to the area, including enhanced pedestrian crossings, increased pedestrian capacity, bike parking, and bidirectional cycle links, all of which promote a more active lifestyle for locals.

These improvements complement the vision for Elevate Hume Place, a project conceived by Third.i and Phoenix Property Investors with interior and exterior architecture by <a href="https://www.urban.com.au/architects/woods-bagot">Woods Bagot</a>, who also designed the Crows Nest Metro.

“Elevate will cater to a variety of purchasers from first time owners and/or investors to downsizers and right sizers wanting to be close to the Crows Nest Village and all this has to offer in terms of lifestyle, amenity and long term value,” Berry added.

[smartcode_project_cta:default project_id=142550]

“Elevate will cater to a variety of purchasers from first time owners and/or investors to downsizers and right sizers," Third.i Co-Founder Luke Berry said.

Joel Robinson

Why the investment potential at Elevate Hume Place above Crows Nest Metro is proving too good to miss

Brisbane developer Aria is reviving its South Brisbane development which is being pitched as&nbsp;‘one of the world’s greenest residential buildings.'

The sustainability-focused developer initially sought to build a 34-level tower back in 2020, before scaling the density back to 20 levels. That was approved in 2021.

Three years later, they've filed again with the Brisbane City Council, seeking to go back up to 30 levels. Proposed are 321 one, two, three, four and five-bedroom apartments, under a full rooftop amenity level, a signature feature in Aria's developments.

<img alt="Aria" data-entity-type="file" data-entity-uuid="1a4a2726-78da-4c7a-a0bc-ad953292173f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-02%20at%2011.42.20%E2%80%AFAM.png?VersionId=HNjyHhrRCjW0V.LrJ40PQ9WbB7fjOTUx" />

The reason for the uplift is to take advantage of the recently gazetted&nbsp;Kurilpa Temporary Local Planning Instrument.

Urbis noted in its Town Planning Report that the TLPI&nbsp;provides for greater density, building height and reduced car parking requirements where design and sustainability benchmarks can be delivered.

"These benchmarks include design excellence, community benefit, sustainability measures and housing diversity where proposing higher density residential buildings."

They said Aria's Urban Forest&nbsp;comprises a truly iconic and world-class residential building, one which links Musgrave Park and South Bank Parklands.

"The proposal goes above and beyond the usual offering for a residential building with a level of community and public benefit that is unprecedented for any development of this scale in Brisbane – a true landmark for the city and a new benchmark for innovative subtropical design in Australia.

"This community and public benefit is made possible through the additional density allowed for by the TLPI and is more than justified through its suburban, precinct and site-level context."

<img alt="Aria" data-entity-type="file" data-entity-uuid="64a2b4d3-b412-4dc9-8fdf-601205cc29bb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-02%20at%2011.44.00%E2%80%AFAM.png?VersionId=yWbGbomfus.gsrevf0cqYk9PP1Qd4j5V" />

Renowned Japanese architecture firm Koichi Takada Architects has been in charge of the design.

"The design has a layered living facade, inviting dappled light into the balconies and living rooms," the Urban Design Report submitted to Council noted.

"Urban Forest design learns from the natural environment, using a living facade to filter air and provide ventilation while protecting windows for heat gain. The apartments and common areas enjoy fresh air improving indoor health and quality."

Urbis said the project landscape architects, LatStudios, have analysed the world’s most recognisable and acclaimed green buildings to confirm that the proposal does indeed provide the most landscaping for any residential building in the world.

The ground plane has been dedicated as a considered open space at a more intimate scale than the nearby large and medium-scale public green spaces with a variety of seating, open space, lighting, art, water features, high volume, sculptural green columns.

The 30-level tower would home 321 apartments, down from 383 apartments in the original 30-level design. There will be a variety of configurations, from one-bedroom to five-bedroom apartments.

Recreational space will be on the communal rooftop, where there will be a 50-metre infinity pool and several spas, cabanas and day beds, yoga spaces, meditation pods, and barbecue and alfresco areas.

Renowned Japanese architecture firm Koichi Takada Architects has been in charge of the design

Aria to move ahead with bulked-up 'Urban Forest' apartment development in South Brisbane

Integrated builder-developer TOGA Group has completed the residences at Surry Hills Village, its landmark mixed-use community on the border of Surry Hills and Redfern.

There are only 18 apartments and townhouses left in the building on the corner of Cleveland St and Baptist Street. They're part of the wider precinct that will include a hand-picked selection of&nbsp;boutique retailers, restaurants and food purveyors which will create a vibrant local destination for the new residents and the broader community.

<img alt="Surry" data-entity-type="file" data-entity-uuid="3935818d-95f5-4457-ba13-dc1058d9707a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-02%20at%2010.09.53%E2%80%AFAM.png?VersionId=Nq75jyMk2m4KAGnNwH7fwWEvbzqdGv4x" />

TOGA Group Managing Director, Allan Vidor, said it’s rare to find a development that offers a balance of luxury residential, green space and location alongside the city’s finest restaurants, bars, boutique retailers, art, music and culture.

"We have brought this all together in one unique destination and it’s a proposition that has resonated with the market," Vidor said.

The retail heart of the development, Wunderlich Lane is already buzzing with activity.

Coles, Vintage Cellars, Harris Farm, QMan Barber, Blooms The Chemist and Beyond Eyecare have now opened, and they will soon be joined by Lumi Dining Group, House Made Hospitality and Olympus Dining (by the Apollo Group). The precinct opens in stages until autumn next year.

Once complete in early 2025, Wunderlich Lane will be home to a collective of 25 restaurants and all-day dining, bars, beauty, wellness, and boutique retail by some of the city’s best operators, event spaces, fresh food village-style market, creative office space and luxurious residences.

<img alt="Surry" data-entity-type="file" data-entity-uuid="705a98b1-498b-459f-ac54-f5ef48421a05" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-02%20at%204.12.44%E2%80%AFPM.png?VersionId=JWlewTDaV0PT0aqC4OzHx98cN_w8E2no" />

Complementing the residential and retail components, The EVE Hotel Sydney will open later in 2024.

“It was important to us to pay homage to the rich history of Surry Hills and Redfern by bringing together the best Sydney has to offer, creating a destination that celebrates the city and will become a mainstay of its future," Vidor added.

"We have an array of well-known local retailers, restaurateurs and food purveyors set to open their doors in the coming months. It’s wonderful to see our vision coming to life.”

SJB was responsible for the designs of the residences and The Eve Hotel.&nbsp;

Haddow, a Surry Hills local, says&nbsp;Surry Hills Village has been stitched back in place.

"The project draws on the diversity of the community and will engage locals, business and visitors through its retail, commercial and hotel offerings.&nbsp;

"The residential apartments sitting above are a quiet sanctuary within the bustle of the city and have the added amenity of a vibrant precinct at their fingertips. Homes are generous in scale and enjoy large private terraces and secluded communal gardens. It’s a place people will really want to be.”

The remaining two and three-bedroom apartments and terrace homes start from $2,175,000.

The remaining two and three-bedroom apartments and terrace homes start from $2,175,000

Surry Hills Village completes with just a handful of apartments remaining

Victoria &amp; Albert, the new two-tower apartment development currently under construction in the heart of <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a>, can wear many different hats when it comes to the type of buyer it is attracting.

The two towers by Sam Arnaout's <a href="https://www.urban.com.au/developers/iris-capital">Iris Capital</a>, home to just over 400 apartments, have been cleverly designed to offer something for every type of buyer, be it an investor, holiday-maker, or downsizer.

[smartcode_project:default project_id=107928 project_image_fid=234100]

The Victoria tower, the tallest of the two towers at 64 levels, has been configured to offer more affordable options, more suited to investors and first home buyers.

The neighbouring Albert tower, rising 40 levels on the eastern side of the large 5,463 sqm site, complements the lifestyle of a downsizer, whether they be local from the Gold Coast, Brisbane, or retirees from Sydney or Melbourne wanting to embrace the Gold Coast lifestyle that has been so well documented since the onset of the pandemic.

The apartments in Albert, generally larger than those in Victoria, start from $1.8 million.

[smartcode_project:default project_id=107928 project_image_fid=234153]

Urban.com.au data shows an even split of investors and next home buyers since&nbsp;the project launched to much fan-fare in late 2021.

Over the last three years, there's been equal demand from the two camps, but more recently, next home buyers have shown the most interest as the more typical investor-friendly stock was snapped up. All of the one-bed apartments were reserved by mid-2023.

Investors are still showing keen interest however in the two-bedroom apartments that start from $1,235,000.

It's the two-bedroom apartments that have been the most popular on Urban.com.au, followed by the large 161 sqm three-bedroom units that come with two car spaces.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=234103]

Current data shows there's still strong demand from New South Wales, with traffic from Queensland's southern neighbour accounting for around a third of total listing views.

Residents in both <a href="https://www.urban.com.au/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a> towers will have access to significant shared amenity, including but not limited to a&nbsp;subtropical recreational podium on level four, home to a 25-metre lap pool, a fully equipped gym, a yoga deck and a resident’s lounge. The podium will also feature a children’s area, a Zen garden, and an outdoor dining and barbecue area set in extensive landscaping.

[smartcode_project:default project_id=107928 project_image_fid=234097]

Another major drawcard has been the proximity to the $200 million retail precinct, located in the podium and ground levels of the building. Residents will have direct access into the retail arcade which will offer a range of high-end dining and shopping options.&nbsp;

Earlier this year, Iris Capital brought construction in-house, announcing <a href="https://www.urban.com.au/builders/iris-built">Iris Built</a>. Construction is underway, and is slated for completion in 2027.

&nbsp;

[smartcode_project_cta:default project_id=107928]

Urban.com.au data shows an even split of investors and next home buyers since the project launched to much fan-fare in late 2021

Victoria & Albert's unique appeal to downsizers, holiday-makers and investors in the heart of Broadbeach

Melbourne's soft property market continued over September, but there's better news for units than their is for houses.

Unit values did grow, a modest 0.1 per cent in contrast to house values, which declined -0.2 per cent, CoreLogic's Monthly Index showed.

Unit values are however -0.5 per cent down over the September quarter and -1.6 per cent down so far in 2024.

Units generally are performing better than houses across the country, with six of the eight capitals seeing unit values rise by more than house values over the quarter.

The median value of units in Melbourne now sits at $612,000.

<h2>What happened in Melbourne's off the plan apartment market in September</h2>

Confidence is building Melbourne's off the plan apartment market, with September being marked with several exciting developments and project launches from&nbsp;<a href="https://www.urban.com.au/developments/hawthorn-vic">Hawthorn</a>&nbsp;and&nbsp;<a href="https://www.urban.com.au/developments/south-melbourne-vic-3205">South Melbourne</a>&nbsp;and&nbsp;as far as Safety Beach on the Mornington Peninsula.

Milieu announced it saw a strong response at Elsternwick Gardens, its new garden-centric community on the site of the former ABC Studios in Elsternwick.

Their&nbsp;VIP open saw a huge uptake of apartment reservations, to a broad range of buyers.&nbsp;<a href="https://www.urban.com.au/developers/milieu-property" target="">Milieu</a>&nbsp;also had some repeat purchasers attend the opening of the display suite.

[smartcode_project:default project_id=136535 project_image_fid=288414]

<a href="https://www.urban.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick">Elsternwick Gardens</a>&nbsp;has attracted strong interest due to several unrepeatable components, none more obvious than the location of the prime 11,740 sqm site which neighbours the historic Rippon Lea Estate.

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/milieus-elsternwick-gardens-development-gains-momentum-following-successful-vip-launch">Milieu's Elsternwick Gardens development gains momentum following successful VIP launch</a>

In keeping with new nature-focused neighbourhoods, <a href="https://www.urban.com.au/developers/hamton">Hamton Property Group</a>&nbsp;secured approval for their latest precinct-style&nbsp;residential project in Hawthorn.&nbsp;

Located on a former University of Melbourne site, the development will feature a new garden community comprising 365 residences across six low-rise buildings.

<img alt="Hamton given green light for $550 million masterplan on former University of Melbourne site in Hawthorn" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-17%20at%2011.49.20%E2%80%AFAM.png?VersionId=EqNeBmCmWGGH9ZC.m.hDEWFKAqm7ku44" />

The development includes a mix of apartments and townhouses, along with 5,500 sqm of publicly accessible green space and a new retail village.&nbsp;

The project is set to significantly transform the Hawthorn landscape and is one of the largest to be approved under the Allan government’s accelerated Development Facilitation Program.

Read more: <a href="https://www.urban.com.au/news/vic/hamton-given-green-light-for-550-million-masterplan-on-former-university-of-melbourne-site-in-hawthorn">Hamton given green light for $550 million masterplan on former University of Melbourne site in Hawthorn</a>

Golden Age Group also saw their luxury Bayside townhouse development approved, located on the site of the former&nbsp;Xavier Junior School site at 47 South Road, Brighton.

This 3.3-hectare site will be subdivided into 14 individual lots, with plans to deliver 84 new homes.&nbsp;

<img alt="Victorian Planning Minister approves Golden Age townhouse development in Brighton" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-02%20at%207.14.13%E2%80%AFPM.png?VersionId=5yrzKwa4OkgQTkTzldccdS_fw7rr.LYP" />

The development is expected to provide much-needed housing in the area, contributing to both economic growth and community development.&nbsp;

<a href="https://www.urban.com.au/developers/golden-age-group" target="">Golden Age Group</a>'s director, Damien Hehir, emphasised the importance of this project in the continued expansion of Brighton's housing market.

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/victorian-planning-minister-approves-golden-age-townhouse-development-in-brighton">Victorian Planning Minister approves Golden Age townhouse development in Brighton</a>

There was further movement in Brighton in September as developer&nbsp;<a href="https://www.urban.com.au/developers/primeland">Primeland</a>&nbsp;revealed its plans for&nbsp;the former Brighton Savoy Hotel at 150 Esplanade.

The $25 million plans are for a luxury apartment development that will replace the 1900s-built hotel that was first a private residence before becoming a hotel in 1959.

<img alt="First look exclusive: Former Savoy Hotel, Brighton apartment redevelopment revealed" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/150%20Esplanade%20Brighton%20proposal.png?VersionId=IJQdVGfSaap7OybfEXpoM3SWNnJmfMC5" />

The 3,386 sqm corner site at <a href="https://www.urban.com.au/new-apartments/savoy-hotel-150-esplanade-brighton">150 Esplanade</a>, opposite the famous beach, had been owned by the Lee family for 55 years before it was acquired by Primeland as part of its growing $1 billion portfolio which includes assets across hotel, residential, and mixed-use sectors.

The plans by Toorak-based Kennon Architects are for two separate three-level buildings with 14 luxury apartments.

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/first-look-exclusive-former-savoy-hotel-brighton-apartment-redevelopment-revealed">First look exclusive: Former Savoy Hotel, Brighton apartment redevelopment revealed</a>

Luxury developments and releases too were timed for September.

Developer <a href="https://www.urban.com.au/developers/dcf-property" target="">DCF Property</a> launched First Light, just 30 apartments lcoated in South Melbourne's popular Domain Precinct.

The new tower at 28 Albert Road will be a mixed-use building with luxury apartments sharing the building with an 88-room Nu by YOO Hotel, the brainchild of property entrepreneur John Hitchcox and&nbsp;French industrial architect and designer Philippe Starck.

[smartcode_project:default project_id=2556 project_image_fid=299333]

The collaboration continues in the two ground-floor restaurants. One will be run by acclaimed chef Scott Pickett, from Chancery Lane and Estelle, and the other by restaurateur Jason Lau.

The apartments have been designed by&nbsp;French architect Léo Terrando, whose approach was to blend global design principles with Melbourne's charm, using materials like brushed nickel, charcoal oak and travertine flooring.

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/inside-first-light-south-melbournes-newest-apartment-development-shaped-by-french-architects-and-celebrated-restaurateurs">Inside First Light: South Melbourne's newest apartment development shaped by French architects and celebrated restaurateurs</a>

Penthouse collections were released in two of Melbourne's newest landmark towers.

<a href="https://www.urban.com.au/developers/osk-property" target="">OSK Property</a>&nbsp;revealed their&nbsp;Penthouse Collection at <a href="https://www.urban.com.au/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a>, the latest stage of the massive $3 billion <a href="https://www.urban.com.au/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square precinct</a> in <a href="https://www.urban.com.au/developments/southbank-vic-3006">Southbank</a>.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=211866]

Designed by renowned interior designer David Hicks, the eight penthouses range from 180 sqm to 471 sqm and start at $4.46 million, with one already sold for $6 million.&nbsp;

Hicks' 'East meets West' design theme merges Eastern minimalism with Western luxury, offering unique, high-end living spaces.

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/luxury-penthouse-collection-by-david-hicks-revealed-at-blvd-southbank">Luxury penthouse collection by David Hicks revealed at BLVD Southbank</a>

R.Corporation also released its penthouses atop&nbsp;<a href="https://www.urban.com.au/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a> in South Melbourne. We took a tour of the recently completed building, its significant amenities, and the penthouses on offer.

The open-plan penthouse collection flows seamlessly from the kitchen—featuring Gaggenau appliances, a butler’s pantry, and a stunning marble island bench—into a spacious living area that opens up to a generously-sized balcony with expansive views.

[smartcode_project:default project_id=5234 project_image_fid=298022]

Exclusive to sub-penthouses, penthouses, and townhouses is The Horizon Lounge, offers breathtaking bayside views and a communal kitchen for private gatherings.

&nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/urbans-video-tour-of-r-iconics-luxury-penthouse-collection-in-south-melbourne">Urban's video tour of R.Iconic's luxury penthouse collection in South Melbourne</a>

A rare opportunity also presented itself down on the Mornington Peninsula with the launch of <a href="https://www.urban.com.au/buildings/osprey-safety-beach-15-martha-cove-boulevard-safety-beach">Osprey Safety Beach</a>, and award-winning development by Figurehead Constructions.

Osprey Safety Beach&nbsp;comprises just 18 two and three-bedroom apartments, and are as competitively priced as any new apartment in the burgeoning community.

[smartcode_project:default project_id=138447 project_image_fid=290648]

Projects by Buxton Director Heath Thompson is already seeing demand from several buyer camps.

"Where Osprey is located and the configurations it has on offer, it can suit several uses, which is attracting several different buyer types," Thompson says.

[smartcode_project:default project_id=138447 project_image_fid=290744]

"Local downsizers who either live in the immediate area or those who have large landholdings in some more remote areas of the Mornington Peninsula who want to be closer to the water, have been the most active buyers so far.

"Then there's those from Melbourne who want a lock up and leave, low-maintenance weekender that they can use themselves or lease as a holiday let when not in use."

Confidence is building Melbourne's off the plan apartment market, with September being marked with several exciting developments and project launches from Hawthorn and South Melbourne and as far as Safety Beach on the Mornington Peninsula

City Beat October 2024: Units fare better than houses in soft Melbourne property market

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

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

Urban Editorial

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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

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

Off the plan property settlement - how does it work?

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

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

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

There’s no slowing down for new apartment development in <a href="https://www.urban.com.au/developments/palm-beach-qld-4221">Palm Beach</a>.

The in-demand southern <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> suburb, which has arguably been one of the most popular areas in the country since the onset of the pandemic, is finally seeing supply that meets the continued heightened demand for new apartments.

The latest plans are from B.K.A Holdings Pty Ltd, a company directed by solicitor David Ingwersen.

B.K.A is planning two towers across the amalgamated six-lot, 2,472 sqm site at 1395-1405 Gold Coast Highway and 436-438 The Esplanade, located on the prized eastern side of the highway.

Several single-level commercial buildings, currently tenanted by BWS and Marie's Pizza, as well as a single-level beach shack on The Esplanade, will make way for what is being dubbed Est Palm Beach in the planning documentation.

The two 13-level buildings have been designed by architecture firm Plus and will home 98 two, three and four-bedroom apartments.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="37475ec5-eb07-4b88-9dba-dcacc169a1e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%209.13.50%E2%80%AFPM.png?VersionId=JIuI9n27dWEK7gCerrANcQGZ.Tiw1Lbb" />

Plus wrote in their submission to the Gold Coast City Council that the proposed development&nbsp;is crafted by location and considered with design.

"Its close proximity to the beach and thriving community, together with quality building amenities, provides its residents the ultimate experience in lifestyle living," Plus, led locally by Danny Juric, wrote.

<img alt="Est Palm Beach" data-entity-type="file" data-entity-uuid="5d8b74ee-4ce6-419d-a11a-3db43fa21b81" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%209.14.03%E2%80%AFPM.png?VersionId=aJxIQiVvePDU3gRzDTsYt9bw02EHe0uS" />

They noted the&nbsp;architecture is a seamless blend of form from east to west of site, that maximises opportunities and aspect.

"Views are focused toward the ocean, with functional screening elements proposed to enhance experience through play on shadow and privacy. Both towers are a blended curation of form and function."

The West Tower will have the bulk of the apartments (72), with six units per floor, while the East Tower will have just 25 three-bedroom apartments, each with a multi-purpose room, and a sole four-bedroom penthouse.

There will be two small hospitality venues on the ground floor of the buildings. The more dense buildings will have greater amenity, in the form of a ground level swimming pool and a wellness centre with a gym, steam room, and sauna, while the more boutique building will have the same facilities, just without the gym.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="7fbcf764-644c-4f57-a59c-01fe99ddeaf7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%209.14.11%E2%80%AFPM.png?VersionId=OY6Kx6rtF9PdEQjD4GVZGslea8KtyFYe" />

The Planning Report by Zone Planning suggested the proposed development has been thoughtfully designed to allow for both towers to predominately operate independently, sharing only access, on-site circulation, waste management, and infrastructure connections.

"The two towers have been designed in consideration of each other and the broader community, maintaining important view corridors towards the ocean and hinterland, as well as along the Gold Coast Highway corridor," Zone noted.

"Each of the units include a generous provision of private open space which capitalises on views towards the coastline and hinterland, maximising outlook through the considered aspect of the buildings.

Zone said the proposal will provide 98 additional dwellings in a location that is well-located to accommodate an increase in residential density.

"The proposed units vary in their size and typology – contributing to housing supply and diversity."

The development is seeking to trigger the 50 per cent building uplift provision in the City Plan, exceeding the designated 29m height limit in place.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="fe4169e3-d0a3-48cd-9dfc-4f5680f674d1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%209.14.18%E2%80%AFPM.png?VersionId=CJfWYh4kkDXq3JkA4W.SgebjFPMpCta9" />

Palm Beach is going through another wave of new apartment developments.

The Palm Beach boom has slowed somewhat since the influx of buyers into the off the plan apartment market in 2021 and 2022, largely due to a lack of new apartment developments in the area.

But in the last six months or so, developers have put their foot down once more, snapping up sites and quickly getting their ducks in a row to launch as soon as realistic.

<a href="https://www.urban.com.au/developers/gordon-corp">Gordon Corp</a> and the hospitality Mathieson family, the joint venture partners behind luxury Main Beach development&nbsp;Mantaray Marina and Residences on The Spit, are <a href="https://www.urban.com.au/news/qld/first-look-exclusive-gordon-corp-team-up-again-with-mathieson-family-and-join-booming-palm-beach-off-the-plan-apartment-market">teaming up again</a>, recently proposing a code-assessable, nine-level building on Jefferson Lane.

<img alt="Gordon Corp" data-entity-type="file" data-entity-uuid="c86aa8d3-8265-43a2-991e-f92771f9c0ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%209.32.08%E2%80%AFPM.png?VersionId=8clFpd8JekMBr7CeNcXy4gfmP8yYj.t." />

The building, a block from the beach designed by&nbsp;<a href="https://www.urban.com.au/architects/cottee-parker-architects" target="">Cottee Parker</a>, will have 47 two and three-bedroom apartments.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-gordon-corp-team-up-again-with-mathieson-family-and-join-booming-palm-beach-off-the-plan-apartment-market">First look exclusive: Gordon Corp team up again with Mathieson family and join booming Palm Beach off the plan apartment market</a>

<a href="https://www.urban.com.au/developers/sherpa-property-group" target="">Sherpa Property Group</a>&nbsp;is also continuing to double down on the&nbsp;<a href="https://www.urban.com.au/developments/palm-beach-qld" target="">Palm Beach</a>&nbsp;apartment market. They've revealed their newest brand, Flourish, a collection of apartments that will target a diverse buyer mix, not just high-end downsizers.

The new development, <a href="https://www.urban.com.au/new-apartments/flourish-palm-beach-6-12-sixth-avenue-palm-beach">Flourish on Sixth</a>, will have 94 one, two and three-bedroom apartments, which are expected to be popular among first home buyers.

The Palm Beach boom has slowed somewhat since the influx of buyers into the off the plan apartment market in 2021 and 2022, largely due to a lack of new apartment developments in the area.



First look exclusive: Palm Beach apartment pipeline ramps up another notch

<a href="https://www.urban.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney">AURA by Aqualand</a> has quickly become the pre-eminent new apartment development in <a href="https://www.urban.com.au/developments/north-sydney-nsw-2060">North Sydney</a>.

The <a href="https://www.urban.com.au/architects/woods-bagot">Woods Bagot</a>-designed building has been particularly sought after by downsizers, drawn to its large floorplans, integrated hospitality venues on the ground floor, and the rarity of such a building in the transforming suburb now connected by the new Sydney Metro.

We recently spoke to Wahroonga downsizers Tony and Sineeart, who moved into their new three-bedroom apartment just a few months ago.

<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/eczoW4uBEcM?si=tbmGh_Bw0riu886z" title="YouTube video player" width="560"></iframe>

Like many first-time off the plan buyers, Tony and Sineeart were initially unsure of the process, but the dedicated team at&nbsp;<a href="https://www.urban.com.au/developers/aqualand-australia">Aqualand</a>&nbsp;made the buying process easy and enjoyable.

"We didn’t feel like just a buyer," they said. "We were made to feel like we were part of the journey, which made the decision to purchase much easier."

[smartcode_project:default project_id=30959 project_image_fid=292865]

In addition to the apartments themselves, AURA’s podium hospitality offerings played a significant role in the couple’s decision.&nbsp;

"Knowing a coffee or dinner is less than 30 steps from our apartment was a big drawcard," they said.

"We can easily book through AURA's concierge, which makes life even easier."&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=292899]

Beyond dining, the couple has also taken full advantage of AURA’s leisure facilities, particularly the gym and swimming pool. They’ve also spent time with extended family in the community room and on the rooftop sky deck, which offers views to the north.&nbsp;

Reflecting on their experience so far, they shared, "It’s almost three years after we bought our apartment, and now that we’re living here, we can say our expectations have been completely exceeded by both the building and what surrounds it."

[smartcode_project_cta:default project_id=30959]

"It’s almost three years after we bought our apartment, and now that we’re living here, we can say our expectations have been completely exceeded by both the building and what surrounds it."

"Aura by Aqualand has exceeded our expectations": Urban Buyer Q&A with downsizers Tony and Sineeart

FOCUS Melbourne, Central Equity's recently completed apartment development in <a href="https://www.urban.com.au/developments/southbank-vic-3006">Southbank</a>, offers an ideal option for young professionals given its price, public transport connections, and proximity to the Melbourne CBD.

Its strategic location on City Road, just a short walk from the Melbourne’s Arts Precinct and over Evan Walker Bridge from the central business district, makes it an ideal base for those working in the city.

[smartcode_project:default project_id=3260 project_image_fid=218719]

One-bedroom apartments in <a href="https://www.urban.com.au/buildings/focus-melbourne-81-city-road-southbank">FOCUS</a> range from $629,000 to $689,000.

There are different offerings for different types of buyers. Some apartments are offered fully furnished, while some are located on the 41st level of the building.

FOCUS also includes amenities designed to enhance the living experience for busy professionals.&nbsp;Residents can access a heated indoor pool, gym, cinema room, and resident lounges, all providing spaces to relax or socialise after work.&nbsp;

The landscaped terrace with barbecues and outdoor seating further promotes a balance between work and leisure.

[smartcode_project:default project_id=3260 project_image_fid=206134]

For professionals who need a home office setup, FOCUS apartments are equipped with features that cater to this need.&nbsp;

Apartments have high ceilings and generous floor-to-ceiling windows, enhancing natural light and creating a spacious environment.&nbsp;Many of the designs also include a study area, offering an ideal workspace for those who work remotely, a thoughtful and practical detail for city professionals balancing work and home life.

[smartcode_project:default project_id=3260 project_image_fid=245623]

One of the key advantages for professionals is FOCUS’s move-in-ready status.

The immediate availability offers peace of mind and the ability to quickly settle into city life, a key consideration for those working under tight schedules or relocating for work.

[smartcode_project:default project_id=3260 project_image_fid=212290]

FOCUS also incorporates a range of modern technological and security features, adding another layer of convenience for professionals.&nbsp;Keyless entry, high-speed lifts with security access, video intercom systems, and 24/7 digitally secured parcel lockers are all included to streamline everyday tasks.&nbsp;

These innovations allow residents to feel secure and reduce the friction of managing deliveries, accessing communal spaces, or moving around the building.&nbsp;

[smartcode_project:default project_id=3260 project_image_fid=214236]

In addition to its well-thought-out amenities, the development's proximity to Melbourne’s cultural and dining hubs adds to its lifestyle appeal.&nbsp;

With a variety of cafes, restaurants, and entertainment venues just around the corner, FOCUS offers an ideal blend of work-life balance in one of Melbourne’s most vibrant inner-city areas.

[smartcode_project_cta:default project_id=3260]

With a variety of cafes, restaurants, entertainment venues and the CBD on the doorstep, FOCUS offers an ideal blend of work-life balance in one of Melbourne’s most vibrant inner-city areas.

Why FOCUS Melbourne is ideal for professionals working in the city

Gold Coast units have experienced robust growth throughout 2024.

According to the latest data from property analytics firm CoreLogic, unit values in the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> increased by 0.6 percent in September, marking a 1.5 percent rise for the quarter.

The median unit price, which surpassed $800,000 last month, has now reached over $807,000—an increase of 12.3 percent since the beginning of the year.

In fact, this growth has outpaced that of houses, which have shown a slight decline of 0.1 percent in September, despite being up 12.1 percent for the year.

September was particularly active in the off the plan apartment market, with notable activity coming from <a href="https://www.urban.com.au/developments/main-beach-qld-4217">Main Beach</a> and <a href="https://www.urban.com.au/developments/palm-beach-qld-4221">Palm Beach</a>.

<a data-entity-type="file" data-entity-uuid="be5cc347-5ebf-4d4d-a603-7f769470fe19" href="https://www.urban.com.au/developments/gold-coast-qld"><img alt="Gold Coast" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-25%20at%208.29.12%E2%80%AFAM_0.png?VersionId=2RV7fM4gX4d0aHsjm0AXOTgzElpifY.a" /></a>

&nbsp;

<h2>What happened in Gold Coast’s off the plan apartment market in September</h2>

There was a mix of new apartment supply in Main Beach in September, as well as supply to come.

Builder developer Alroe Construction launched <a href="https://www.urban.com.au/new-apartments/lune-main-beach-19-21-rankin-parade-main-beach-qld-4217">Lune Main Beach</a>, a boutique block of six villa-style apartments across the road from Broadwater.

[smartcode_project:default project_id=146373 project_image_fid=297482]

Located on the corner of Rankin Parade and Peak Avenue, Lune offers just half-floor apartments, each spanning nearly 300 sqm of indoor and outdoor living space.&nbsp;

Alroe has already started construction at Lune, which will welcome its buyers in mid-2025.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/alroe-reveals-luxury-main-beach-apartment-development-lune">Alroe reveals luxury Main Beach apartment development, Lune</a>

[smartcode_project:default project_id=146373 project_image_fid=297485]

There's some more density planned for Main Beach, with boutique developer Arena Property Group proposing a 28-level tower with 70 apartments.

<a href="https://www.urban.com.au/architects/plus-architecture" target="">Plus Architecture</a>&nbsp;has designed the tower, named Belle Vie—French for "beautiful life"—to feature two distinct sections, separated by an amenities level on the 18th floor. This facilities level includes a residents' lounge with a games area, a library, and various lounge spaces.

<img alt="Belle Vie" data-entity-type="file" data-entity-uuid="a3a55792-3828-49c3-8d53-cd93bd3079e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%207.44.30%E2%80%AFPM.png?VersionId=a_mjjMeppAzWKs1JpKwpHz6Un3x.uFOj" />

Adjacent to the lounge, is a wine cellar, a private dining room, and an outdoor sunset dining area. This level also offers a dedicated work-from-home space with a boardroom, as well as a 91 sqm gym that includes a Pilates studio, a sunrise yoga deck, and a functional training room.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-arena-property-seeks-first-high-rise-tower-with-bella-vie-main-beach-apartment-plans">First look exclusive: Arena Property seeks first high-rise tower with Bella Vie, Main Beach apartment plans</a>

There were two big proposals in Palm Beach in September.

Mantaray Marina and Residences developers Gordon Corp and the hospitality Mathieson family are teaming up again, proposing a nine-level building on Jefferson Lane.

The building, a block from the beach designed by Cottee Parker, will have 47 two and three-bedroom apartments.

Sherpa Property Group is also continuing to double down on the Palm Beach apartment market. They've revealed their newest brand, Flourish, a collection of apartments that will target a diverse buyer mix, not just high-end downsizers.

The new development, Flourish on Sixth, will have 94 one, two and three-bedroom apartments, which are expected to be popular among first home buyers.

[smartcode_project:default project_id=146527 project_image_fid=296026]

The biggest proposal in September however came from the heart of the Gold Coast.

Local developer <a href="https://www.urban.com.au/developers/andrews-projects">Andrews Projects</a> revealed it was the buyer of the well-known <a href="https://www.urban.com.au/new-apartments/3006-3016-surfers-paradise-boulevard-surfers-paradise">Orion Towers site</a>. One of the towers was approved at over 100 levels, which would have made it one of the tallest towers in the southern hemisphere.

Andrews however has pared back the plans for 1,100 apartments, instead opting for two 37-level towers with just under 400 apartments.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-andrews-projects-reveal-400-apartment-two-tower-development-in-surfers-paradise">First look exclusive: Andrews Projects reveal 400 apartment, two-tower development in Surfers Paradise</a>

<img alt="Andrews" data-entity-type="file" data-entity-uuid="ce6fd834-f6da-461f-95b0-f111ba7a63bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%2011.34.33%E2%80%AFAM.png?VersionId=eagz_WYz.LuepsFkf06BdZTP4pEsThDt" />

In September, we spoke to three different off the plan buyers, to understand their buyer journey and what they bought.

Two of the buyers were downsizers, one from Brisbane and one from the Gold Coast, and the other was an investor who recently bought three off the plan apartments in the last six months.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/the-never-lived-in-appeal-for-gold-coast-downsizer-at-tapestry-chevron-island-urban-buyer-q-a">The "never lived in" appeal for Gold Coast downsizer at Tapestry, Chevron Island: Urban Buyer Q&amp;A</a>

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/why-we-are-downsizing-to-crest-broadbeach-urban-buyer-q-a">Why we are downsizing to Crest Broadbeach: Urban Buyer Q&amp;A</a>

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/why-this-property-investor-bought-three-gold-coast-off-the-plan-apartments-in-six-months-urban-buyer-q-a">Why this property investor bought three Gold Coast off the plan apartments in six months: Urban Buyer Q&amp;A</a>

September was a busy month in the Gold Coast off the plan apartment market, with significant activity in Main Beach and Palm Beach in particular

City Beat October 2024: Price growth continues in Gold Coast units as house market slows

The demand for downsizer in apartments is prompting more home owners to band together to create a site more suitable for multi-residential developments.

The latest is on Bond Street, just off Military Road, where four owners have banded together to list their four freestanding homes within 400 metres of the Spit Junction town centre.

They saw the opportunity pending the NSW Government's changes to the Low and Mid-rise SEPP.

“The four owners have agreed it makes sense to enter a co-owners agreement and market the properties in one line to a select group of developers that are active in the local area," Beth McNally, one of the owners of the four properties, said.

The site could be redeveloped into over 28 luxury apartments.

The 1,740m2 site is earmarked to benefit from a material increase to the current floor space ratio from 0.7:1 to an expected 2.2:1 under the SEPP amendments including a maximum building height limit of 22 metres.

The SEPP changes include the Low and Mid-rise housing reforms (LMR) and the Transport Orientation Development Program (TOD) is an NSW Government initiative to increase housing supply located close to established shopping precincts and transport hubs.&nbsp;

Mosman has seen an uptick in demand for quality&nbsp;apartments attractive to local retirees and downsizers.

According to the ABS 2021 census figures the number of people over 65 in Mosman is over 26 percent higher than the national average.

In August, Danny Avidan's Dare Property Group sought to develop 27 apartments above a row of shops at their recently acquired triple site at&nbsp;<a href="https://www.urban.com.au/new-apartments/696-706-military-road-mosman">696, 700 and 706 Military Road</a>.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/first-look-exclusive-established-luxury-developer-dare-property-group-plants-a-flag-in-mosman">First look exclusive: Established luxury developer Dare Property Group plants a flag in Mosman</a>

The obvious demand for more high-end apartments has had&nbsp;<a href="https://www.urban.com.au/news/nsw/13-owners-pitch-together-for-rose-bay-apartment-development-opportunity">13 different owners band together</a>&nbsp;in Rose Bay to list a combined 1,377 sqm just one row back from the beach and on the fringe of the Rose Bay village.

McGrath's Craig Pontey says&nbsp;that with the&nbsp;current demand for luxury apartments being exceptionally strong, the site will allow for "many apartments with fantastic Harbour views in a very convenient location."

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