Sunshine Coast builder developer,&nbsp;Habitat Development Group, is bringing more than apartment supply to the small suburb of Birtinya.

At their newest development,&nbsp;St Clair, <a href="https://www.urban.com.au/developers/habitat-development-group">Habitat</a>&nbsp;is offering a first-class collection of resort-style amenities at the $150 million <a href="https://www.urban.com.au/developments/birtinya-qld-4575">Birtinya</a> apartment development.

&nbsp;

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Crowning the pet-friendly St Clair is a communal rooftop terrace enveloped by lush subtropical landscaping with an outdoor kitchen and BBQ facilities. The rooftop deck faces Bokarina Beach towards the east, while the lounge overlooks the hinterland to the west.

A 25-metre resort-style lap pool is on the ground level, featuring a five-metre shallow wading entry adjacent to a BBQ pavilion. A residents' 16-seat dining room with a private outdoor terrace complements the pool for social gatherings.&nbsp;

There's also a 1,000 sqm of exclusive resident parklands with barbecue facilities and a firepit area, as well as direct access to Lake Kawana esplanade, parcel lockers and professional on-site management.

[smartcode_project:default project_id=108399 project_image_fid=230353]

Designed by <a href="https://www.urban.com.au/architects/k-architecture">KArchitecture</a>, St Clair, on two side-by-side blocks on Waterfront Retreat, will comprise two eight-level residential towers with 200 two, three and four-bedroom apartments.

[smartcode_project:default project_id=108399 project_image_fid=230357]

There will be a maximum of 13 apartments on each level.

<a href="https://www.urban.com.au/new-apartments/st-clair-birtinya-930-931-waterside-retreat-birtinya">St Clair</a>is centrally located within the Sunshine Coast's Health Precinct and is less than a five-minute drive from both Stockland Birtinya Shopping Centre and Bokarina Beach.&nbsp;

St Clair is under construction by <a href="https://www.urban.com.au/builders/habitat-construction-group">Habitat Construction Group</a>&nbsp;and is expected to be completed in the first quarter of 2026.

[smartcode_project_cta:default project_id=108399]

St Clair is under construction by Habitat Construction Group and is expected to be completed in the first quarter of 2026

Joel Robinson

First-class resort-style amenities at Habitat's lakeside St Clair apartments in Birtinya

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

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

Jeff Xu's Golden Age Group is tapping into the heightened demand for family size living in Glen Waverley, a trend that is only expected to grow given the increase in population forecasts in the booming Melbourne suburb.

By the end of 2041, the population of the suburb of Glen Waverley is expected to reach almost 56,891, up over 10,000 from its current population of 46,653.

Since the 1990s, with the sale of surplus government and utility land, and the ongoing conversion of unused school sites to residential zoning, many new development opportunities have arisen. These opportunities, as they are seized upon, are delivering significant opportunities for developers, local government, local businesses, investors – and the householders themselves who can finally settle in the suburb of their choice because of more affordable choices in family-size, low-maintenance housing options.

<a href="https://www.urban.com.au/developments/glen-waverley-vic-3150">Glen Waverley</a> is part of the City of Monash – an area characterised by its diversity in ethnicity and nationalities. A significant percentage of its homes are owned outright, mostly by long-term residents, many of whom continue to reside in those properties.

With the area’s current and ongoing economic success, and its desirability among highly educated professionals, Golden Age Group expects to see continued demand for housing stock at every level.

<a href="https://www.urban.com.au/developers/golden-age-group">Golden Age Group</a>&nbsp;saw a continuing shortage of new-build family-size accommodation that was low-maintenance but offered private gardens in a smaller, communal setting. &nbsp;It is this shortage that Golden Age Group is addressing with Floret – 77 three and four-bedroom townhomes, at 583 Ferntree Gully Road, Glen Waverley.

<a href="https://www.urban.com.au/new-townhouses/floret-glen-waverley-583-ferntree-gully-road-glen-waverley">Floret</a> will appeal to growing families who need more room, but don't want more maintenance.

[smartcode_project:default project_id=104680 project_image_fid=207730]

Golden Age Chief Investment Officer, Bing Chen, says the reasons for choosing Glen Waverley are not so different from the reasons that drew migrant families to this part of Melbourne in the 1970s.

“Glen Waverley is very commuter-friendly – you can be in the CBD in just over half an hour by train. Floret is also handy to a major Melbourne arterial, the Monash Freeway,” Chen says.

While easy access to work locations is a major driver to wanting a home in Glen Waverley, access to quality education comes a close second.

“There are some 24 childcare and education institutions nearby, from daycare and kindergarten to fantastic local primary and secondary schools, and right through to one of this country’s top universities, Monash University."

[smartcode_project:default project_id=104680 project_image_fid=207713]

Floret is just a short drive from two of Melbourne’s most prestigious private schools – Caulfield Grammar (Wheelers Hill campus), and Wesley College (Glen Waverley campus). Brentwood Secondary College, which is also very well-regarded, is just up the road.

Chen says the&nbsp;third great aspect of living in Glen Waverley is having all the benefits of a suburban lifestyle – tranquillity, lots of space, lots of green spaces – but there are also great cafes and restaurants offering "every cuisine you could wish for.”

The Glen shopping centre,&nbsp;with David Jones, Myer and more than 200 shops and food outlets, is only a few minutes down the road.

“Glen Waverley really has it all," Chen suggests.

Golden Age Group continues to monitor population, economic and social trends right across the eastern suburbs of Melbourne, Victoria, where property development must continue apace if Councils are to meet the ambitious housing targets in draft plans[4] announced recently by the Victorian Government.

These targets acknowledge the important role that Councils play in new residential construction by developing local planning policies and granting permit approvals.

“There are about 78,300 homes currently within the Monash City Council borders,” Chen adds.

“Because there is an expectation of continuing high growth in this part of Melbourne – fuelled by the advantages I’ve just talked about – Monash City Council has been given a target of adding 72,000 new homes to that housing stock by 2051.

“Our own business direction aligns with these local and state government planning strategies – as evidenced by other Golden Age Group projects such as Wembley Hill, which is in Box Hill South.”

[smartcode_project:default project_id=104627 project_image_fid=222321]

Under the current state policy 'Plan Melbourne', Box Hill is a designated Metropolitan Activity Centre and will be the focus of substantial development, growth and investment. Following a recent land purchase, Golden Age Group is now the biggest landholder in this state growth hotspot.&nbsp;

“The Government’s draft strategic plan sets a state-wide goal of delivering an additional 2.5 million homes by 2051 - two million of which are to be located in metropolitan Melbourne.

“We will be watching closely the progress of this plan as it is finalised and presented to the community,”

It is important to note that Golden Age Group’s development strategy doesn’t just align with the State’s in terms of adding to the number of residential dwellings in booming areas.

“With our consideration of green spaces, and the energy-saving and environmental benefits applied to our projects, we also share a commitment to providing housing that is liveable, sustainable, and enriching for residents and their broader communities.

“In these and other ways, Golden Age Group is helping to build a Victoria is which everyone can thrive.”

Golden Age Chief Investment Officer, Bing Chen, says the reasons for choosing Glen Waverley are not so different from the reasons that drew migrant families to this part of Melbourne in the 1970s

Golden Age Group cater for current and future demand for family-size living choices in Glen Waverley

Developer Bastion Group is keeping up with the trend of extensive amenity on Chevron Island with its new apartment development, Nera Residences.

The $160 million development on Parneno Street features a raft of facilities just for residents. The focus is on the rooftop where there will be a wellness centre with a yoga platform, infinity pool, a spa and ice bath, and a fitness centre.

There's also a&nbsp;private dining room and bar, designed in consultation with Michelin-starred chef Shaun Rankin

[smartcode_project:default project_id=108640 project_image_fid=253875]

<a href="https://www.urban.com.au/new-apartments/nera-residences-chevron-island-8-10-parneno-street-chevron-island">Nera Residences</a> comprises 81 apartments, six skyhomes, and a full-floor penthouse. Residents will be serviced by the Bastion Experience concierge which can book private or group cooking classes or source and deliver exclusive wine an spirits.

Over $35 million worth of apartments have sold. Construction on Nera is expected to begin soon.

Siera Group kicked off the trend of rooftop amenity on Chevron Island at Tapestry, a 22-level tower that is currently under construction through Siera Group's internal building capability.

On their rooftop they have&nbsp;more than 700 sqm of separate recreation zones for residents to relax, connect and engage in the elevated landscape. It includes a private dining space and kitchen, lounge and fire pit, yoga lawn, pool, spa and sundeck, barbecue and alfresco area, gym, sauna, steam room, and lounge area separated by extensive landscaping.

[smartcode_project:default project_id=108641 project_image_fid=192971]

Siera Group Founder and Managing Director, Brent Thompson, says when they&nbsp;were designing the rooftop, they really wanted to make sure that they created multiple breakout zones so that residents were able to be in their own private little areas when enjoying the facilities.

"Reminiscent&nbsp;of&nbsp;the&nbsp;famous&nbsp;hotel&nbsp;rooftops&nbsp;of&nbsp; the&nbsp;world,&nbsp; The&nbsp;Roof&nbsp;Terrace&nbsp;at&nbsp;Tapestry&nbsp;is&nbsp;a&nbsp;multi-faceted&nbsp;retreat&nbsp;for residents&nbsp;to enjoy their space," Thompson says.

"Whether&nbsp;it’s&nbsp;a&nbsp;swim&nbsp;in&nbsp;the&nbsp;resort&nbsp;pool, relaxing on the day bed deck or sunken lounge area, some quiet time on the lawn terrace or tending to the vegetable garden, there’s a space for&nbsp;everyone&nbsp;to&nbsp;enjoy&nbsp;in&nbsp;total privacy."

[smartcode_project:default project_id=108641 project_image_fid=192964]

Aniko then followed with <a href="https://www.urban.com.au/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama on Chevron Island</a> that has its facilities located on its 21st level rooftop.

Their pool and spa is accompanied by a&nbsp;gym with a sauna and a yoga space, and a business lounge with private offices, booths, and a boardroom.

[smartcode_project:default project_id=111898 project_image_fid=209594]

George Mastrocostas, Aniko Group’s Founder and Managing Director, believes that the inclusion of amenity in the modern day enhances the desirability of a property and contributes to the pleasure and enjoyment of residents.

infrastructure.

“Aniko derives from the Greek word ‘to belong’,” Mastrocostas said.

“We aim to create a sense of community and belonging in all our projects and this is achieved primarily through engaging people in some form and that’s where amenities play a vital role.

“They give residents an opportunity to meet other people that live there and use the amenities, hence helping form a sense of community and belonging.”

&nbsp;

[smartcode_project_cta:default project_id=108640]

Nera continues trend for rooftop amenity on Chevron Island

Brisbane-based developer ARDO Property Group has submitted a proposal for a new luxury apartment development in Balmoral, a suburb traditionally dominated by single-house dwellings.&nbsp;

<a href="https://www.urban.com.au/developments/balmoral-qld-4171">Balmoral</a>, known for its tree-lined streets and park-centric lifestyle, has seen limited apartment development in years gone by, with fewer than 500 units currently in the affluent suburb.

ARDO's project aims to integrate with the existing neighbourhood, contributing positively to the local real estate market while catering to the growing demand for upscale residential options.

<img alt="59 Collings Street Balmoral" data-entity-type="file" data-entity-uuid="7ee67db5-d8b3-4e8f-acf5-888b3da2b5de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Collings%20St%20Balmoral%20perspective.png?VersionId=papbykVM.N9T.VgMgt1RzG.FiF3U7lKY" />

ARDO Founder and Managing Director, Ben Davis, says the proposal for six luxury apartments at 59 Collings Street reflects a broader trend of residential development in Brisbane’s affluent suburbs, where high-quality, well-designed apartments are becoming increasingly popular among those looking to downsize or invest in premium real estate.&nbsp;

The development is designed by Flourish Architecture and features expansive floor plans with top-tier finishes and state-of-the-art amenities.&nbsp;

<img alt="59 Collings Street" data-entity-type="file" data-entity-uuid="d661a91e-ecf1-482c-ba3c-06f2906b8d97" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Collings%20St%20Balmoral.png?VersionId=rqT0dmthQh_ec1uol2TvL44DJAgNVXI1" />

Five of the six apartments will offer nearly 200 sqm of living space, while the penthouse will span around 214 sqm and include a private pool with views of the Brisbane skyline.

Residents will be near ferries, restaurants, shopping options, and the well-known Hawthorne and Balmoral Cinemas.

The proposed development will also benefit from its proximity to the popular Oxford Street in nearby Bulimba, which is undergoing significant gentrification with <a href="https://www.urban.com.au/news/qld/first-look-exclusive-shayher-group-file-for-first-stage-of-bulimba-barracks">Shayher recently announcing the start</a> of their 20-hectare vision for Bulimba Barracks.

First look: ARDO Property plot luxury apartments in Balmoral

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

Veteran developer&nbsp;Morris Property Group has announced the release of Walter &amp; Whitley, its rare apartment development in Griffith, one of Canberra’s most sought-after areas.

Situated at 52 Leichhardt Street, <a href="https://www.urban.com.au/new-apartments/walter-whitley-52-56-leichhardt-street-griffith">Walter &amp; Whitley</a>&nbsp;will have 67 one, two and three-bedroom apartments across two four-level buildings designed by <a href="https://www.urban.com.au/architects/guida-moseley-brown-architects">Guida Mosely Brown Architects</a>.

The two buildings are deliberately separated to ensure that each residence benefits from natural light and privacy, while also offering views of the landscaped gardens and heritage trees that line the street.&nbsp;

[smartcode_project:default project_id=136296 project_image_fid=295072]

The apartments have been designed with spacious floorplans, providing a seamless flow between living, dining, and kitchen areas, extending to expansive balconies.

The kitchens are equipped with premium inclusions including a 40mm stone island bench and European Bosch appliances. Larger units also feature additional amenities such as a bar with a Vintec wine fridge and a walk-in pantry.

[smartcode_project:default project_id=136296 project_image_fid=295077]

Residents of Walter &amp; Whitley will be within walking distance of <a href="https://www.urban.com.au/developments/griffith-act-2603">Griffith</a>'s several key amenities including Old Kingston Shops, Manuka Terrace, and Fyshwick Fresh Food Markets, all within one kilometre.&nbsp;

The nearby Kingston Foreshore and Manuka Precinct further enhance the location's appeal, offering a variety of dining, leisure, and entertainment options within walking distance.&nbsp;

[smartcode_project:default project_id=136296 project_image_fid=295078]

One-bedroom apartments in Walter &amp; Whitley are priced from $599,900.

<a href="https://www.urban.com.au/developers/morris-property-group">Morris Property Group</a>&nbsp;is one of the most active developers in both Canberra and on the Gold Coast.

Recently they launched <a href="https://www.urban.com.au/new-apartments/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo Broadbeach</a>, just 16 half-floor apartments on Jubilee Avenue.

[smartcode_project_cta:default project_id=136296]

Residents of Walter & Whitley will be within walking distance of Griffith's several key amenities including Old Kingston Shops, Manuka Terrace, and Fyshwick Fresh Food Markets, all within one kilometre

Morris Property Group launch Walter & Whitley in Canberra's Griffith

Duke Apartments is bringing an apartment type rarely seen in the Collingwood market.

<a href="https://www.urban.com.au/new-apartments/duke-apartments-collingwood-93-wellington-street-collingwood">Duke Apartments</a>, located at 93 Wellington Street, offers just nine whole-floor apartments, providing floor plans that will suit the downsizer who wants to be centrally located near the action.

In the latest episode of Market Insights, Urban.com.au CEO Mike Bird sits down with David Lamond, founder of <a href="https://www.urban.com.au/project-marketer/noorden">Noorden Real Estate</a>, to discuss&nbsp;<a href="https://www.urban.com.au/new-apartments/duke-apartments-collingwood-93-wellington-street-collingwood">Duke Apartments</a>.

[smartcode_project:default project_id=5366 project_image_fid=61085]

Lamond emphasises the appeal of the Duke's design, particularly for those who value privacy and lower operating costs.

Unlike many developments that feature extensive amenities like gyms and pools, Duke focuses solely on the apartments themselves, keeping body corporate fees manageable and suiting buyers who don't want a full suite of integrated amenity, or those who are treating the apartment as lock up and leave due to wanting to travel.

The Duke's design is a passion project for the architects at <a href="https://www.urban.com.au/architects/dp-toscano">DP Toscano</a>, who are also the developers.

Located just around the corner from their Collingwood office, Lamond says Duke is a project that is close to their hearts.

The apartments are designed to blend the raw, industrial feel of <a href="https://www.urban.com.au/developments/collingwood-vic-3066">Collingwood</a> with high-end luxury, featuring concrete ceilings, generous living spaces, and floor-to-ceiling windows that flood the interiors with natural light.

<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/EAGhh9LsJTg?si=vwcs0bYS9cy0kZ1p" title="YouTube video player" width="560"></iframe>

Each apartment offers three bedrooms, two bathrooms, and a private lift that opens directly into the residence, emphasising the project's commitment to security and exclusivity.

Duke has already attracted significant interest, with four of the nine apartments sold. The buyers include both local downsizers and Australians living abroad who are looking for a Melbourne base.

Construction by Hamilton Marino is well underway, with completion expected by November, just in time for the new owners to move in before Christmas.

[smartcode_project_cta:default project_id=5366]

Construction of Duke apartments is well underway, with completion expected by November, just in time for the new owners to move in before Christmas

Michael Bird

What a buyer needs to know about Collingwood's Duke Apartments: Five minutes with Noorden's Dave Lammond

Noetic Place is the latest luxury off the plan apartment development taking shape in the heart of Bayside.&nbsp;

Designed by <a href="https://www.urban.com.au/architects/fender-katsalidis-architects">Fender Katsalidis</a>&nbsp;on the fringe of the centre of Hampton, Noetic Place will feature just 33 two, three, and four-bedroom apartments, some of the largest in the area.

The stepped facade and attention to detail create a sophisticated yet welcoming presence on the tree-lined service street.

Inside, the apartments are designed for modern living, with free-flowing spaces that open to generous balconies offering views of the city, national park, or bay.

<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/pUNfJPHjPGg?si=52Zl2rhWICmxCbqO" title="YouTube video player" width="560"></iframe>

The communal amenities at <a href="https://www.urban.com.au/new-apartments/noetic-place-hampton-28-34-service-street-hampton">Noetic Place</a> are centred around lush landscaping by <a href="https://www.urban.com.au/landscape-architect/eckersley-garden-architecture">Eckersley Garden Architecture</a>. A pavilion with a kitchenette, dining space, and library will be nestled in the garden, offering a private retreat for residents.&nbsp;

We visited Noetic Place's display suite at 354 Hampton Street to offer a glimpse into what Noetic Place will bring to the vibrant <a href="https://www.urban.com.au/developments/hampton-vic-3188">Hampton</a> community.

[smartcode_project_cta:default project_id=134934]

We visited Noetic Place's display suite at 354 Hampton Street to offer a glimpse into what Noetic Place will bring to the vibrant Hampton community.

Inside Hampton's newest apartment development, Noetic Place: Urban video display suite tour

The findings of the UDIA National Housing Pipeline ® (NHP) - NSW Report show that only 171,400 homes are forecast to be completed during the five-year Housing Accord period.

This represents a shortfall of 150,600 homes across the Sydney Megaregion.

“A shortfall of 150,600 homes should not be accepted and requires immediate interventions from the NSW Government to enhance housing supply,” said Stuart Ayres, UDIA NSW Chief Executive Officer.

The NHP forecast is a combination of UDIA’s developer intentions survey, CoreLogic’s Cordell database, and the Department of Planning, Housing and Infrastructure’s Sydney Housing Supply Forecast.

The timing of the report, being released early in the Housing Accord period, provides Government time to implement additional interventions to remove constraints and increase the amount of homes the industry can deliver across the Accord period.

"Waiting any longer before taking corrective action on housing supply, will only ensure more people are denied an opportunity for a place to call home” Ayres added.

<img alt="Sydney's Megaregion's Housing Target vs UDIAs housing forecast" data-entity-type="file" data-entity-uuid="f3452c0c-3b98-417a-863c-c4032fe8ce24" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sydney%27s%20Megaregion%27s%20Housing%20Target%20vs%20UDIAs%20housing%20forecast.png?VersionId=M.TEf0HtjdBZ8PnTH5PWQUEWrMiqNJ0h" /> 
&nbsp;

Findings show that 97 per cent of potential homes are currently not development ready. The NHP reveals the reasons why we are expected to fall short, and where opportunities exist to unlock housing. The three main factors impacting housing supply over the next five years are:

<ul>
	<li>A slow planning system. 42 per cent&nbsp;of potential homes are awaiting at least one approval determination before development can commence.</li>
	<li>A lack of enabling infrastructure.&nbsp;30 per cent&nbsp;of potential homes are held up by a lack of committed, funded, or completed enabling infrastructure (water, power, sewer, and roads).</li>
	<li>Environmental constraints. Only 10 per cent&nbsp;of the Sydney Megaregion’s residentially zoned land is vacant and environmentally unconstrained (e.g., not flood impacted, bush fire prone etc.).</li>
</ul>

Previous UDIA research has highlighted feasibility challenges, which means that the Low and Mid Rise Reforms and TODs are unlikely to fill the shortfall. This demonstrates that further Government interventions will be required to increase housing supply.

UDIA acknowledges the housing supply programs underway by the NSW Government and intends for this report and its recommendations, to be a ready-made action plan for Government to collaborate with industry to improve housing delivery.

“Meeting our housing objectives will not be resolved by one lever alone," Ayres said.

"We need to see a diversity of typologies, increased investment in enabling infrastructure, and the Government genuinely prioritising housing supply."

"We need to see a diversity of typologies, increased investment in enabling infrastructure, and the Government genuinely prioritising housing supply," Stuart Ayres said.

Sydney to miss building targets by 150,000 homes: UDIA's UDIA National Housing Pipeline

The Star Entertainment Group and its consortium partners Chow Tai Fook Enterprises and <a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>, have topped out the second tower of its Broadbeach casino development.

The new $400 million tower, home to a new suite of apartments managed by <a href="https://www.urban.com.au/buildings/the-star-residences-gold-coast-1-casino-drive-broadbeach">The Star Residences</a> apartments, is expected to open in early 2025, following the completion of the vertical construction by Multiplex.

It follows the top-out of the first 53-level tower, comprising the first Dorsett hotel in Australia, in September 2021. &nbsp;

The joint venture partners are also developing the $3.6 billion Queen’s Wharf Brisbane featuring The Star Brisbane, which opened at the end of August.

The new soaring 200m Broadbeach tower on Casino Drive will stand alongside its sister tower as well as the existing five-star The Star Grand hotel and the luxury all-suite hotel The Darling, creating a further 639 accommodation options for visitors to the entertainment and leisure destination.&nbsp;

The Star Gold Coast General Manager of Hotels, Steve McPharlin, said the development is "another 65-levels of proof of our commitment and contribution to the Gold Coast visitor and jobs economy."

“It’s a significant moment to have reached the tower pinnacle after watching it rise steadily over the past three years,” McPharlin said.&nbsp;

“We are proud to have been able to create the platform for a multitude of jobs during construction and will now look toward ramping up the hundreds of direct employment and supply chain opportunities.”&nbsp;

“We are committed to investing in new accommodation inventory, more tourism amenities and a new offering of events &nbsp;spaces to keep the beautiful Gold Coast top of mind as a domestic and world-class tourism and events destination and place The Star in a strong position to capture future growth.”&nbsp;

Just months from completion, the second new tower features 437 one and two and three-bedroom apartments, all of which are sold and unconditional, rising from the 23rd level above the residential amenities and the 202-room 5-star hotel.&nbsp;

Destination Gold Coast Consortium Project Director Silas Croucher said it’s been a rewarding project to lead on behalf of the joint venture partners.&nbsp;

“It’s clear there is high demand to invest in one of the world’s most recognised and beautiful tourism destinations,”&nbsp; Croucher said.&nbsp;

“Standing together as a beacon for the Broadbeach area, the new sister towers with their golden glass façades have &nbsp;significantly transformed the Gold Coast coastal skyline and we look forward to opening in 2025.”

The Star Gold Coast’s new second and taller hotel and apartments tower as part of a visionary $2 billion masterplan has reached a construction milestone, topping out at 65 storeys.  

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