<a href="https://www.urban.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> and Hankyu Hanshin Properties have received development approval for the sixth stage in Melrose Park’s urban renewal masterplanned community in Sydney’s north west.&nbsp;

Designed by <a href="https://www.urban.com.au/architects/group-gsa">GroupGSA</a>, Aeris is the most visionary stage yet in Melrose Park. The two 20 and 24-level towers, significantly higher than what has come before in the Melrose Park masterplan, will feature 468 apartments. There will also be a smaller&nbsp;seven-level building atop a common basement podium.&nbsp;

'Aeris' derives its name from the Latin word 'aer,' meaning 'air.' The name captures the essence of the limitless sky and expansive vistas that this stage offers. Aeris embodies a sense of openness, symbolising boundless possibilities and the freedom of vast, open spaces.&nbsp;

It is the latest realisation of Sekisui House Australia’s vision at <a href="https://www.urban.com.au/developments/melrose-park-nsw-2114">Melrose Park</a>, where apartments reach new heights in design, craftsmanship and amenity, offering sweeping city views and a home that will continue to reward now and into the future.

<img alt="Aeris, Melrose Park" data-entity-type="file" data-entity-uuid="2359a181-4aab-43ae-9ec8-abe730989645" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aeris_Stage%206_3.jpg?VersionId=ikUui099uVJUabG_TDbxjUsIqfPCe_JO" />

Alex Grujovski, Project Director – Apartment &amp; Mixed-Use Developments at Sekisui House Australia, said development approval for Aeris represents an exciting chapter in the evolution of Melrose Park in transforming the former industrial precinct.

"This stage reflects our commitment to creating sustainable, vibrant communities that enhance the lives of residents and contribute in a positive way to the environment,"&nbsp;Grujovski said.

“Aeris will redefine urban living with cutting-edge design, sustainability features and lifestyle amenities. Apartments will be spacious, modern and equipped with smart home technology, including digital keyless entry and remote-controlled lighting.”

<img alt="Aeris, Melrose Park" data-entity-type="file" data-entity-uuid="9c231665-f25c-476a-99b3-cae38074235b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aeris_Stage%206_2.jpg?VersionId=_VIwX3ybdIlqnHpbV2WWYTwKfObvkcaM" />

Residents will enjoy premium facilities including a rooftop pool and recreation deck designed in collaboration with ASPECT Studios, offering panoramic views over the masterplan. Additional amenities include communal alfresco BBQ/dining areas, a fully equipped gym and secure parking.

Aeris will enhance Melrose Park’s connectivity through pedestrian pathways, internal road networks and access to parks, the future Town Centre and key transport links. A publicly accessible through-site link will connect residents with future amenities.

The first apartments in Aeris are planned to be released in Q2 2025, with construction anticipated to commence in late 2025 and completion slated for 2027.&nbsp;

Sekisui House Australia’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;

Over 52,000 sqm of green open spaces have received development approval in Melrose Park, comprising Central Park (17,586 sqm, soon to be renamed), Wharf Road Gardens (19,960 sqm), and Western Parklands (15,102 sqm), providing expansive green spaces for the growing community.&nbsp;

The first apartments in Aeris are planned to be released in Q2 2025, with construction anticipated to commence in late 2025 and completion slated for 2027

Joel Robinson

Sekisui secures approval for Aeris, next stage at $5 billion Melrose Park masterplan

<a href="https://www.urban.com.au/developers/lewis-land-group">Lewis Land Group</a> has officially launched the next release within its landmark Gold Coast masterplan, Harbour Shores.

The new release, Palm House, builds on the momentum of the first stage of the Biggera Waters community, which is already under construction and over 50 per cent sold.

Palm House introduces an exclusive collection of just 60 two and three-bedroom apartments across a seven-level building. These homes feature open-plan interiors, expansive balconies, and contemporary finishes.

[smartcode_project:default project_id=113271 project_image_fid=336743]

&nbsp;

Generously sized kitchens with large islands, seamless indoor-outdoor flow, and secure basement parking with additional storage underscore the thoughtful attention to detail.

Every apartment embraces <a href="https://www.urban.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a>’ signature coastal palette of soft tones and organic textures, maximising natural light and enhancing the serenity of its waterside setting.

[smartcode_project:default project_id=113271 project_image_fid=290044]

Residents of the new release will enjoy full access to Harbour Shores’ unmatched suite of resort-style amenities. The community boasts a 25-metre lagoon pool, a state-of-the-art gym, yoga studio, sauna, tennis courts, and an expansive 1.2km waterfront boardwalk.&nbsp;

For families and outdoor enthusiasts, The Green parklands and a network of walking and cycling paths provide abundant green space to relax and play.

The Clubhouse, a social hub with indoor-outdoor entertaining spaces, will anchor community life. On-site cafés and eateries, as well as proximity to Harbour Town Premium Outlets, ensure day-to-day convenience with a lifestyle edge.

&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290031]

As part of Lewis Land’s long-term sustainability vision, the entire Harbour Shores precinct – including this latest release – is targeting a 6 Star Green Star rating.&nbsp;

Eco-conscious initiatives include solar energy, EV charging infrastructure, water-retention systems, and the planting of over 200,000 native and tropical species across the site.

Apartments in the new release start from just under $1 million. Limited marina berths are also available.

[smartcode_project_cta:default project_id=113271]

Apartments in the new release start from just under $1 million. 

Lewis Land unveils Palm House, Harbour Shores latest stage

Local South East Queensland builder-developer Gardner Vaughan Group has kicked off another in a long line of new mixed-use developments in Brisbane's inner ring.

This time they're developing in Nundah, where the family-run business has called its HQ for over a decade.

They've just put shovel to ground on <a href="https://www.urban.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah">Danby Lane</a>, a mixed-use commercial and residential development just of 84 two, three and four-bedroom apartments that will sit above a series of retail and commercial spaces. As a sign of trust in what they deliver, <a href="https://www.urban.com.au/developers/gardner-vaughan-group">Gardner Vaughan</a> will relocate their current <a href="https://www.urban.com.au/developments/nundah-qld-4012">Nundah</a> office to one of the commercial spaces.

[smartcode_project:default project_id=112531 project_image_fid=320117]

GVG Commercial Director, Sam Gardner, said the ground-breaking is "about building momentum."

“Danby Lane represents our commitment to delivering places with purposes, designed for real people living real lives right here in Nundah," Gardner says.

"As a long-standing, family-owned builder and developer based in Nundah, we are committed to keeping our neighbours and surrounding residents informed of every step relating to the build of Danby Lane. Transparency and open communication are key to delivering a project that respects and enhances the community we’re proud to be part of.”

[smartcode_project:default project_id=112531 project_image_fid=340186]

Simon Betteridge, CEO of GVG, described Danby Lane as more than just an apartment complex, calling it a "lifestyle destination."

“Our vision for Danby Lane goes beyond just building apartment homes, we’re creating a community," Betteridge says.

"Having called Nundah GVG’s home for over a decade, we wanted this development to reflect the spirit of the area - where history, modern living and a strong sense of connection come together. A key part of this vision was to create a new gateway to Nundah, acting as a landmark for the area and contributing to its ongoing revitalisation.

The project’s brick arch façades are a respectful nod to Nundah’s architectural past, while establishing a striking, modern identity for the future.

[smartcode_project:default project_id=112531 project_image_fid=320114]

The 12-level building will feature a&nbsp;vibrant ground-floor retail and an array of resort-style resident amenities, including a pool, gym, function room and rooftop recreational area with sweeping city views.

Brisbane City Councillor Adam Allan reinforced Council’s support for urban renewal that aligns with long-term sustainability and liveability goals.

“Danby Lane will bring fresh energy into the heart of Nundah,” Councillor Allan said.

“It’s a smart, community-first development that reflects the way locals want to live, walkable, connected and full of life.”

Construction of Danby Lane is now underway, with completion anticipated in 2027.

[smartcode_project_cta:default project_id=112531]

The 12-level building will feature a vibrant ground-floor retail and an array of resort-style resident amenities, including a pool, gym, function room and rooftop recreational area with sweeping city views

Gardner Vaughan kicks off construction at Danby Lane, Nundah

Leading Australian developer and builder, Coronation Property Group, has officially broken ground to mark the start of construction at its new $250 million mixed-use residential and commercial development at Chatswood.

Located at <a href="https://www.urban.com.au/new-apartments/57-61-archer-street-chatswood">57-61 Archer Street</a>, close to the Chatswood Chase and Westfield Shopping Centres, the 32-level&nbsp;development has been recognised as a State Significant Development (SSD) by the NSW Government’s Housing Delivery Authority (HDA). It will deliver over 150 one, two, three and four-bedroom apartments.

Designed by global architectecture firm Woods Bagot, the project will also feature 2,500 sqm of retail and commercial space on the ground level, with a restored heritage building repurposed for fine dining, wellness facilities, and a communal landscaped open space for residents.

The sod turn event was led by Coronation’s Head of Urban Transformations, Aras Labutis, and attended by Coronation’s Executive and Development Teams; Project Partners and consultants, Urban Taskforce CEO Tom Forrest and the Member for Willoughby and Shadow Minister for Small Business and Shadow Minister for Fair Trading, Work Health and Safety and Building, Tim James.

<img alt="Coronation" data-entity-type="file" data-entity-uuid="3809aa87-7bc1-48e2-abcb-a762e4f808e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-17%20at%203.14.07%E2%80%AFPM.png?VersionId=iRs0eUwAZukpOkxAY11FzRiltnHE0oJ_" />

Coronation’s Managing Director Joe Nahas said he was proud that the Chatswood project represented Coronation’s first move into Sydney’s bustling North Shore market.

"We’re excited to mark the start of works on our new mixed-use development in the heart of Chatswood,” Nahas said.

“The close proximity to two major shopping centres, health services, eateries, the Chatswood Concourse arts and entertainment venue, schools, and major transport hubs, will create a vibrant, accessible new community for those looking to move to the heart of the Chatswood CBD.

"Our apartments will also offer local essential health and retail workers the opportunity to live in a beautifully designed apartment close to where they work, alleviating long commute times for them.

Nahas said&nbsp;Coronation is proud they are ‘on the ground’, continuing to deliver a solid pipeline of quality new apartments in activated, well-connected areas across Sydney.

Up to 400 jobs will be created through the life cycle of the development which is expected to be completed by Q1 2027, contingent on SSD planning approvals.

Coronation’s Managing Director Joe Nahas said he was proud that the Chatswood project represented Coronation’s first move into Sydney’s bustling North Shore market.



Coronation Property Group breaks ground at new Chatswood apartment development

Gold Coast-based builder-developer MAYD has officially started construction on its landmark project, One Burleigh, a collection of ultra-luxury full-floor residences overlooking&nbsp;Burleigh Heads.

<a href="https://www.urban.com.au/new-apartments/one-burleigh">One Burleigh</a>, located at 88 The Esplanade, will comprise 16 full-floor residences, each offering expansive oceanfront living with unmatched privacy. Construction is being undertaken by MAYD in partnership with Formplus, with completion expected by summer 2026.

[smartcode_project:default project_id=146358 project_image_fid=323054]

“In times of economic uncertainty, tangible assets like high-quality real estate continue to offer stability and long-term value,” Todd Mould, Director of MAYD, said.

“Stock markets around the world may be fluctuating, but real estate – particularly at the premium end – remains one of the most resilient and proven long-term investment avenues. Our commitment to delivering exceptional residences like One Burleigh reflects our confidence in the enduring appeal of the Gold Coast’s luxury property market.”

[smartcode_project:default project_id=146358 project_image_fid=323056]

MAYD’s portfolio of prestigious developments includes the nearly completed Prominence in Mermaid Beach, a $35 million boutique apartment building featuring eight luxury residences. Additionally, the company has received approval for a $350 million mixed-use development in North Kirra, encompassing a five-star hotel and 60 premium private residences.

“MAYD focuses on carefully chosen, handcrafted projects,” Mould added.

“Every development we take on is selected with intention — where location, design, and quality lead the way. Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323052]

The apartments in One Burleigh have been designed by&nbsp;MAS Architecture Studio and will each feature&nbsp;four bedrooms, 3.5 bathrooms, and three car spaces. Internal living areas span up to 381 sqm, complemented by generous outdoor spaces, culminating in total floor plans of up to 425 sqm.

“One Burleigh is more than a residence; it’s a sanctuary that offers an exclusive lifestyle experience,” Mould said.

“Our vision is to create homes that harmonise with the natural beauty of Burleigh Heads while providing the utmost in luxury and comfort.”

Residents will enjoy uninterrupted panoramic ocean views through floor-to-ceiling glass, maximising natural light and sea breezes. The design emphasises wellness, featuring serene coastal landscaping and exclusive access to a residents’ spa and lounge.

Nearly 50 per cent of the apartments have already been snapped up. Prices are starting from&nbsp;$8.85 million and rise to $15 million plus.

[smartcode_project_cta:default project_id=146358]

&nbsp;

“One Burleigh is more than a residence; it’s a sanctuary that offers an exclusive lifestyle experience,” MAYD Director Todd Mould said.

MAYD kicks off construction of ultra-luxury ONE Burleigh apartment development in Burleigh Heads

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

Every First Home Owner Grant for new property by state

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

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

Urban Editorial

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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

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

Off the plan property settlement - how does it work?

Local <a href="https://www.urban.com.au/developments/scarborough-wa-6019">Scarborough</a> resident and respected Perth apartment developer Gary Dempsey is back on the development scene in his hometown.

Dempsey's development company, <a href="https://www.urban.com.au/developers/gary-dempsey-developments">Gary Dempsey Developments</a>, has unveiled <a href="https://www.urban.com.au/new-apartments/myka-residences-scarborough-194-the-esplanade-scarborough-wa-6019">Myka Residences</a>—21 luxury apartments as close to the sand as possible on The Esplanade.

&nbsp;

Located directly across the road from Brighton Beach, offering uninterrupted, never-to-be-built-out views, Myka will consist of 20 half-floor apartments, ranging from three to four bedrooms and 235 sqm to 368 sqm in size, as well as one whole-floor penthouse.

&nbsp;

[smartcode_project:default project_id=148114 project_image_fid=314542]

Off the plan buyers can choose between two interior color schemes: Sand, which embraces warm tones and organic textures, or Sea, inspired by the cool hues of the ocean.

Living areas will feature expansive glazing, engineered timber flooring, and open-plan layouts that extend onto spacious balconies with frameless glass balustrades for uninterrupted ocean views. Select residences will include an integrated fireplace with a polished plaster feature wall.

&nbsp;

[smartcode_project:default project_id=148114 project_image_fid=314526]

Kitchens are appointed with stone island benches, timber veneer cabinetry, and a suite of integrated Miele appliances, including a pyrolytic oven, combi microwave, induction cooktop, and dishwasher.

A concealed appliance cupboard, scullery, and optional bar area provide additional storage and preparation space. The kitchen extends to an alfresco cooking area, with the option to include a marine-grade stainless steel BBQ set into a high-pressure porcelain panel benchtop.

Bedrooms feature wool carpets, walk-in robes with custom dressers, and floor-to-ceiling glass doors that frame the ocean views. The master bedrooms include ensuites with freestanding bathtubs, dual stone vanities, Grohe rain showers with integrated bench seating, and underfloor heating.

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Residents will also enjoy a range of lifestyle amenities starting from when they enter the building, with a lobby designed to feel more like a private art gallery.

The Myka Club offers an exclusive residents’ lounge and entertaining area with direct ocean views. Outdoor communal spaces include a common green area with secure outdoor dining and BBQ facilities.

A dedicated surf and bike store provides convenient storage for outdoor gear, while a fully equipped dog wash station caters to pet owners.

Further enhancing its sustainability, Myka is set to achieve an average 7-Star NatHERS rating, highlighting its energy-efficient design. A rooftop photovoltaic solar system helps reduce reliance on traditional energy sources, lowering communal electricity costs. The development is also entirely non-smoking, promoting a cleaner and healthier environment for all residents.

There are also electric vehicle charging provisions, catering to the growing demand for sustainable transport solutions.

The project sits on a prime 1,500&nbsp;site on the corner of The Esplanade and Brighton Road, behind C-Breeze Kiosk near Brighton Beach Reserve, and just south of the Scarborough Beach Precinct and Scarborough Beach Pool—WA's first beachfront pool. The pool features two geothermally heated pools: one 25m and one 50m.

Thirty percent of apartments at Myka have already sold. Myka is the second development by Dempsey in Scarborough. He previously developed Bluewater Apartments, just under one kilometer north on Reserve Street.

[smartcode_project_cta:default project_id=148114]

Gary Dempsey reveals second luxury Scarborough apartment development, Myka Residences

Developer Golden Sedayu has launched its own construction arm to deliver its landmark $3.8 billion masterplan, Burswood Point.

<article data-scroll-anchor="true" data-testid="conversation-turn-3" dir="auto">
Golden Sedayu Construction will soon commence works&nbsp;on the first stage of the new precinct development, which includes the construction of the first&nbsp;two apartment towers: Somerset East and Somerset West. The newly assembled construction team involves key personnel who have previously worked on landmark projects such as The Ritz Carlton and The Towers at Elizabeth Quay.

"This strategic move ensures greater control over project timelines, quality assurance, and seamless coordination," Golden Sedayu Managing Director, Andrew Sugiaputra, said.
</article>

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More than $200 million in site works have been completed already, including access roads, water works, sewer infrastructure, bulk earthworks, and a new bridge connecting Victoria Park Drive to the precinct.&nbsp;

Construction of the two towers, which will home 203 apartments, will begin in May. Completion is slated for Q4 2027.

60 per cent of the apartments in Somerset West have been snapped up. Somerset East will launch in the coming months.

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Situated on a 38-hectare site along the Swan River, <a href="https://www.urban.com.au/new-townhouses/burswood-point-saintly-entrance-burswood">Burswood Point</a> is set to become one of Western Australia’s most significant urban renewal projects.&nbsp;

The development will eventually bring 4,500 homes, hotels, retail and dining options, and extensive public open spaces to the area, with over 110,000 sqm of parklands and a 2.5-kilometre foreshore.

Designed by <a href="https://www.urban.com.au/architects/dko-architecture">DKO Architecture</a>, the Somerset towers will feature tiered balconies with greenery, enhancing their visual appeal and complementing the surrounding landscape.&nbsp;

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Residents will have access to a range of amenities, including a 20-metre infinity pool with views of the Swan River, a gym, wellness spaces, and a rooftop observation deck with BBQ facilities overlooking Optus Stadium and Matagarup Bridge.

Golden Sedayu, a partnership between Perth’s Golden Group and Indonesian property developer Agung Sedayu, has positioned Burswood Point as a future lifestyle and entertainment hub, just 3.5 kilometres from the Perth CBD.&nbsp;

The two towers are expected , with additional towers and precincts to be developed in subsequent stages.

[smartcode_project_cta:default project_id=142314]

Golden Sedayu establishes Golden Sedayu Construction to deliver landmark Burswood Point masterplan

The name of the suburb Sorrento, on Perth's stunning coastline, is believed to be inspired by the Italian town overlooking the Bay of Naples. It’s easy to see why—both places share incredible ocean views, beautiful beaches, and scenic walking trails.

What sets <a href="https://www.urban.com.au/developments/sorrento-wa-6020">Sorrento</a> in Perth apart, however, is something the Italian town doesn’t have: a brand-new apartment development. Apartments are a rare find in the beachside Perth locale, making up only about five percent of the suburb’s 3,000 or so homes. That’s what makes Megara’s Ora Sorrento such a unique opportunity for those wanting a modern, low-maintenance apartment by the coast.

[smartcode_project:default project_id=136169 project_image_fid=213841]

With such limited supply, the potential for strong long-term value growth is clear. <a href="https://www.urban.com.au/new-apartments/ora-sorrento-128-136-west-coast-drive-sorrento">Ora Sorrento</a>, currently under construction by Thomas Building, will offer 73 apartments when it’s completed in late 2026.

The award-winning MJA Studio took inspiration from Ora’s prime location, right across from Marmion and Sorrento Beaches. The design reflects the natural beauty of the coastline, with organic curves and high-quality finishes throughout both the exterior and interiors.

[smartcode_project:default project_id=136169 project_image_fid=213846]

Ora will feature a mix of spacious one, two, and three-bedroom apartments, plus the exclusive Cascade Collection of multi-level, three and four-bedroom penthouses. The design embraces a ‘barefoot luxury’ style, combining top-tier finishes with a laid-back, coastal vibe.

The open-plan layouts at Ora Sorrento are designed to maximise space and natural light, with kitchens featuring premium V-ZUG appliances and Astra Walker fixtures. In the larger apartments, the master suites include walk-through wardrobes that lead to private ensuites with double vanities.

[smartcode_project:default project_id=136169 project_image_fid=213851]

Residents will enjoy an impressive range of resort-style amenities, including a private residents’ deck with a heated pool, cabanas, a sauna, steam room and a gym. There’s also a dedicated lounge with a kitchen and dining area, perfect for entertaining, while a wine cellar provides a cosy setting for tastings and secure storage.

Conveniently located just minutes from Seacrest Shopping Centre, the Flora Terrace Strip, Hillarys Boat Harbour, and Sorrento Quay, Ora offers easy access to a variety of dining, retail, and recreational options. Families will appreciate nearby schools like Sacred Heart College and Sorrento Primary School, the only two schools in the suburb.

[smartcode_project:default project_id=136169 project_image_fid=213847]

Ora is currently under construction, with construction expected in 2026.

<a href="https://www.urban.com.au/developers/megara">Megara</a> has a strong track record, having been developing across Perth since 2006. They are currently developing <a href="https://www.urban.com.au/new-apartments/serai-north-fremantle-21-mccabe-street-north-fremantle">Serai</a>, one of the few new developments in <a href="https://www.urban.com.au/developments/north-fremantle-wa-6159">North Fremantle</a>.

[smartcode_project_cta:default project_id=136169]

The award-winning MJA Studio took inspiration from Ora’s prime location, right across from Marmion and Sorrento Beaches

The unrepeatable nature of Ora Sorrento apartments

Perth’s popular Subiaco is set to receive a fresh injection of new apartments, and select two-storey townhomes, with the launch of Incontro Apartments by award winning developer Cedar Woods.

Cedar Woods, who have developed nationally for the best part of four decades, have already sold 30 percent of the apartments before officially taking the project to market. The launch comes off the back of the successful Incontro Townhouse development next door where buyers have moved into their completed homes and are enjoying the surrounding amenity that Subiaco has to offer.&nbsp;

The one, two and three-bedroom apartments start from $604,000* which is well below Subiaco’s median house price which is now touching $1.9 million. The Subiaco unit market has also grown significantly, according to property data analytics firm CoreLogic, with values jumping 12.4 per cent in calendar year 2023, followed by a rise of 16.7 per cent&nbsp;in 2024.

[smartcode_project:default project_id=108869 project_image_fid=317905]

Cedar Woods had DKO Architecture design the striking building that complements the developing Incontro masterplan. Their focus was on maximising natural light, creating flexible living spaces, and curating two stylish colour schemes for buyers to choose from, both inspired by local flora.

Each kitchen will include integrated Smeg appliances and stone benchtops, while the open plan living area will feature 2.7-metre high ceilings and direct access to a balcony or courtyard, increasing the feeling of open space.

Incontro Apartments will also have an exclusive garden terrace on the second level which will include dining and entertaining spaces, work areas, and landscaped green nooks.

[smartcode_project:default project_id=108869 project_image_fid=325605]

Cedar Woods places a high priority on creating sustainable communities, and Incontro is no different. The development will achieve an average 7.5-star NatHERS energy rating and will include solar panels, water-efficient fixtures, double glazed windows, EV charging options, and materials which have been locally sourced.

Incontro’s prime location in Subiaco will put residents within minutes of parklands, schools, retail, dining, and entertainment options. Incontro is also within walking or cycling distance of Rokeby Road’s café strip, Subiaco Common, Kings Park, and Subiaco Farmers Market, as well as Subiaco Station, all just five kilometres from the Perth CBD.

[smartcode_project:default project_id=108869 project_image_fid=317909]

Buyers who act quickly may be eligible for savings of up to $50,000 on stamp duty under Western Australia’s Off-The-Plan Duty Concession and Rebate Scheme, due to finish at 30 June 2025.

Cedar Woods is expecting to start construction on Incontro Apartments later this year, with a builder appointment expected shortly.

[smartcode_project_cta:default project_id=108869]

Cedar Woods launches Incontro Apartments in Subiaco

Ron Jackson has called Mosman Park home for the last 25 years, so when the rare opportunity arose to downsize into a brand new apartment on the boundary of Mosman Park in North Fremantle, he jumped at the chance.

He has lived just 500 metres from <a href="https://www.urban.com.au/new-apartments/serai-north-fremantle-21-mccabe-street-north-fremantle">Serai</a>, the new apartment development by <a href="https://www.urban.com.au/developments/perth-wa">Perth</a> developer <a href="https://www.urban.com.au/developers/megara">Megara</a>, since the late 1990s.

"I've walked past the site, and the industrial buildings that previously occupied it, hundreds of times over the last two decades," Ron says.

[smartcode_project:default project_id=110291 project_image_fid=186209]

Ron and his wife saw an ad in the local paper, so when the project was launched, they attended the opening day reveal.

"We were certainly among the early buyers in the development," Ron recalls, adding that they were impressed with everything Megara had put together.

“The architecture and proposed fit-out looked fantastic, even on paper,” Ron said.

"The area boasts beautiful river walks, world-class beaches on its doorstep, and views of the harbour where cruise ships dock."&nbsp;

The apartments facing south offer panoramic views of the river, with the apartments facing north enjoying views of the magnificent northern beach coastline to Cottesloe.&nbsp;

Ron and his wife secured a three-bedroom apartment on one of the higher levels of the eight-level structure.

"We'll be in a position where our balcony wraps around so we have views directly over the Swan River, Port Beach and Fremantle Harbour. The chances are, given the rarity of new apartments in <a href="https://www.urban.com.au/developments/north-fremantle-wa-6159">North Fremantle</a> and being located high on a hill, the views will likely never be built out."

[smartcode_project:default project_id=110291 project_image_fid=186196]

Serai has been a hit with locals given North Fremantle hasn't seen a new development for several years, and nothing of this quality.

The two architecturally-striking towers, currently under construction and slated for completion in Q1 2026, will comprise 86 one, two, three and four-bedroom apartments and 11 luxury townhouses at the rear of the development. Serai also incorporates a host of impressive facilities which Ron says ticked all of the boxes.

“You name it, Serai has it,” Ron says of the development that will boast a heated swimming pool which will offer the most impressive views over the Swan, a gym with a yoga room and sauna, a fire-pit lounge, outdoor barbeque area, an outdoor cinema, a makers room, a whisky room and EV charging stations.

[smartcode_project:default project_id=110291 project_image_fid=186200]

The couple has a miniature schnauzer, so while a dog wash facility may seem minor compared to larger amenities like a pool or gym, it’s actually an important feature for some prospective buyers.

“It’s important to us that the building is pet-friendly, and the integrated dog wash facility tells us pets are welcomed in the building, and we likely won’t be the only ones with a dog.”

[smartcode_project:default project_id=110291 project_image_fid=186201]

The latest technology within the building was another tick, offering Ron and his wife an added layer of security. Easy access to Fremantle and Perth via two train stations and the availability of a number of private schools in the area is also another big draw card for prospective buyers.

“Everything is top of the range with CCTV and number plate recognition when parking. We are going to feel very secure in the building.”

[smartcode_project:default project_id=110291 project_image_fid=186207]

One of the most important parts of buying off the plan is to do full due diligence on the developer and its track record. Ron went to visit a building Megara completed a few years ago in Ardross.

"I actually lurked outside the building for an hour or so and caught a few residents coming and going from their apartment, so I got the chance to speak to them about their experience buying with Megara, but more importantly the quality of the building.&nbsp;

"Of the three or four owners I spoke to, everyone spoke highly of the apartment they bought, the quality of the construction, and the craftmanship of the interiors."

Ron believes the future resale value of the project should be solid because of the location, quality of the design, and the uniqueness of the project, a sentiment echoed by Megara Director Jamie Clarke.

"When completed, 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," Jamie says.

Ron and his wife are one of many downsizers who are fuelling a large majority of the off the plan apartment market. Perth was the strongest capital city housing market in 2024, with house values increasing nearly 19 per cent.

Ron&nbsp;took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind buying off the plan property in Australia.

[smartcode_project_cta:default project_id=110291]

Ron believes the future resale value of the project should be solid because of the location, quality of the design, and the uniqueness of the project, a sentiment echoed by Megara Director Jamie Clarke.

Why Serai apartments in North Fremantle have resonated with the local market: Urban Buyer Q&A

It's a crucial first step in any multi-stage development that the initial phase provides significant amenities for the first residents, especially when the full masterplan might take a decade or more to complete.

<a href="https://www.urban.com.au/developers/golden-sedayu">Golden Sedayu</a> is hitting all the right notes with its $3.8 billion <a href="/new-townhouses/burswood-point-saintly-entrance-burswood">Burswood Point</a> masterplan—a major redevelopment of the land surrounding Belmont Racecourse on the Swan River.

In the first stage, the developer is focusing on two towers: Somerset East and Somerset West. Last year, they launched 203 one, two, and three-bedroom apartments, and the response has been overwhelming. These apartments will be the first of approximately 4,500 dwellings to be delivered across the 38-hectare precinct.

Within the two towers, Golden Sedayu has strategically included a range of amenities to ensure that the first residents of the masterplan are well catered for.

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Upon arrival, residents and guests are welcomed by Somerset's sculptural two-tower form.&nbsp;

The architectural design by <a href="https://www.urban.com.au/architects/dko-architecture">DKO Architecture</a> features rising tiers of balconies with greenery, creating a visually striking entrance.

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Located on the third floor, Somerset’s amenities offer panoramic views of the surrounding landscape.&nbsp;

The highlight of the development's amenities is the 20-metre infinity pool that appears to cascade towards the Swan River, surrounded by sun decks, submerged loungers, a children's shallow pool, and jacuzzis.

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An observation deck offers a private viewing experience of the nearby racetrack, with Optus Stadium and Matagarup Bridge as a backdrop.&nbsp;

The viewing deck will have BBQ facilities, making it suitable for gatherings and social events.&nbsp;

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Somerset's deck also includes areas dedicated to restorative yoga and meditation, complemented by a wellness centre that has a gymnasium surrounded by greenery.

For private dining, Golden Sedayu has designed a residents’ dining room.

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Part of stage one will also include a boulevard with various shops, cafes and supermarkets. Burswood Point will have 91,000 sqm of retail and commercial space all up on its completion. The masterplan will also have 110,000 sqm of parklands and a 2.5-kilometre foreshore.&nbsp;

Located just 3.5 kilometres from the CBD, Burswood Point is envisioned as a "city within a city," transforming <a href="https://www.urban.com.au/new-apartments/perth-wa">Perth</a> with a new lifestyle and entertainment hub. It is the largest mixed-use&nbsp;urban&nbsp;development Perth has ever seen.

Over $200 million of site works have been completed and construction of the two Somerset towers will commence in Q1 2025.

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Golden Sedayu to deliver significant amenity in Somerset, Burswood Point first stage

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;

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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;

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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;

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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;

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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."

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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.

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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.

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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="/developments/subiaco-wa-6008">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.

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