Brisbane’s riverfront is about to welcome Queensland’s most ambitious wellness living precinct, with <a href="https://www.apartments.com.au/developers/kokoda-property">Kokoda Property Group</a> unveiling nearly 12,000 sqm of dedicated health, fitness and social amenity within its $1.5 billion Teneriffe Banks development, the largest of its kind in the state.&nbsp;

Australia is now the four largest market in the USD 584 billion Global Wellness Real Estate sector, and <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> is setting the benchmark locally, offering residents a complete lifestyle precinct that balances wellness, community and luxury.

From rooftop wellness retreats and 5-star co-working spaces to curated retail and dining, lush green spaces and riverfront walkways, the development has been designed as an ecosystem for modern living. Community gardens, a riverfront amphitheatre and community centre further anchor Teneriffe Banks as a destination that connects residents and the wider community in a way Brisbane has never seen before.&nbsp;

Each of the four residential buildings offers an expansive rooftop retreat featuring infinity pools, mineral plunge pools, hydrotherapy zones, and steam and sauna suites. These spa-level amenities eliminate the need for external memberships, seamlessly integrating exercise, recovery and relaxation into daily life.&nbsp;

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Residents of Teneriffe Banks will enjoy exclusive access to The Canopy Club, one of Brisbane’s largest private members' venues. Drawing inspiration from international icons like Soho House but uniquely tailored for Brisbane, the club will feature private dining rooms, a wine cellar and tasting lounge, library, cinema, sports simulator and five-star work spaces, overlooking the Brisbane River.&nbsp;

Complementing this lifestyle is Banks Athletic, a private, residents-only health club offering personalised fitness and holistic wellness programs.

The precinct will also be home to Brisbane’s first five-star Kimpton Hotel Urban Resort, offering guests access to a luxury spa, a fitness centre, signature restaurants, pool club, rooftop cocktail bar and large-scale event spaces. Also forming part of the masterplan is a proposed reimagined marina and landscaped green spaces and gardens among a curated collection of waterfront restaurants, laneway cafes, and boutiques — creating a complete live, work, play lifestyle.&nbsp;

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A recent report by Global Wellness Institute found Australia boasts one of the world’s fastest-growing wellness economies, growing at an annual rate of 7.5 per cent from 2019-2023.

“Luxury living today is about more than just design, it is about how well a place supports mind, body and connection,” said Kokoda Property Group Founder and Managing Director, Mark Stevens.

“With Australia now ranked among the world’s top five global wellness real estate markets, Teneriffe Banks has been designed to meet that growing demand. By blending curated wellness spaces with riverfront greenery and vibrant community amenities, the precinct will set a new benchmark for holistic urban living.”&nbsp;

Stephens said that wellness-focused design is resonating strongly with downsizers and lifestyle-driven buyers alike.&nbsp;

“We’re seeing overwhelming interest from buyers who are drawn to the idea of expansive amenity beyond their own residence, particularly those seeking space without the upkeep. The ability to enjoy a sunrise coffee by the rooftop pool, or build movement and recovery into their daily routine without leaving home, is a drawcard. Low maintenance, high impact living is what today’s market is looking for, and that’s exactly what Teneriffe Banks delivers."

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Set across five architecturally distinct buildings, Teneriffe Banks will deliver over 200 residences, ranging from apartments to modern penthouse residences and woolstore-inspired lofts, each crafted by <a href="https://www.apartments.com.au/architects/studio-mccue">Studio McCue</a>, in collaboration with <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker Architects</a> and <a href="https://www.apartments.com.au/architects/carr-design">Carr</a>.&nbsp;

Further reflecting its commitment to fostering an active, connected lifestyle along the river, Teneriffe Banks is now the naming partner of the Brisbane Marathon Pacers, now known as the ‘Tenerrife Banks Pacers’. The Brisbane Marathon hosts over 10,000 participants from around the world and is only growing in size.&nbsp;

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Joel Robinson

Kokoda's Teneriffe Banks introduces Queensland’s largest residential wellness offering

Summary:&nbsp;

<ul type="disc">
	<li>A new&nbsp;Golden Age Cinema&nbsp;with multiple screens and creative performance spaces</li>
	<li>Approximately&nbsp;60 metres of retail frontage&nbsp;along Oxford Street for small-scale, street-activating businesses</li>
	<li>53 apartments, including 15 affordable housing apartments</li>
	<li>Landscaped public connections between South Dowling and Verona streets, improving walkability and accessibility.</li>
</ul>

<hr />
&nbsp; 
Developer WT Malouf has confirmed plans to transform the much-loved Verona Cinema site on Oxford Street in&nbsp; Paddington into a new mixed-use destination centred on culture, creativity and community.

The proposal, a State Significant Development Application (SSDA), will deliver a balanced mix of uses including 53 apartments, including 15 affordable, a new Golden Age Cinema with multiple screens and creative performance spaces, and several small-scale, street-activating businesses across its 60 metres of retail frontage.

The development will retain the Verona’s iconic brick façade, recognising the building’s role in Paddington’s cultural life for nearly three decades.

<img alt="Verona" data-entity-type="file" data-entity-uuid="efed0828-5cc4-4d77-a6df-83e7fa5d24ea" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-03%20at%209.19.31%E2%80%AFAM.png?VersionId=xHbLRgjfTSkScuLsLW_nRjX0Zi5Cwalo" />

WT Malouf has entered into exclusive arrangements with the operators of Golden Age Cinema &amp; Bar, a much-loved Surry Hills institution named among the Top 100 Cinemas in the World by Time Out. Golden Age will bring four screens and versatile creative spaces back to Paddington, helping to anchor Oxford Street’s future as a cultural and entertainment corridor. 
&nbsp; 
“At a time when Sydney is losing suburban cinemas, we’re committed to creating a bigger and better cinema experience for Paddington,” said Jack Joseph, Director at WT Malouf.

“Golden Age’s arrival will ensure Oxford Street continues to be a home for independent film, live performance and community events.” 
&nbsp; 
The project has been designed in line with the City of Sydney’s Oxford Street Cultural and Creative Precinct strategy, which encourages new investment in cultural space, night-time economy and creative industries. It also aligns with the NSW 24-Hour Economy Strategy, contributing to the revival of Oxford Street as a safe, vibrant and connected cultural precinct that operates by day and night.

<img alt="Verona" data-entity-type="file" data-entity-uuid="ac1895bd-d09f-4cf6-aed4-9a2739c2d9b2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-03%20at%209.19.45%E2%80%AFAM.png?VersionId=NcwfjdR0oF5xPbatoSGOR4oWAZm9yJJT" /> 
&nbsp; 
“This development is about more than apartments,” Joseph said. “It’s about contributing to Oxford Street’s restoration as one of Sydney’s great cultural boulevards, where people come to live, create and socialise.” 
&nbsp; 
‘’The new Verona is a once -in-a-generation opportunity to restore this important part of Oxford Street,’’ said Tim Greer, Director of Tonkins Zulaikha Greer (TZG). 
&nbsp; 
Alongside cultural and creative space, the Verona development will deliver new housing in one of Sydney’s most tightly held suburbs. 15 apartments will be set aside as affordable rental homes for essential workers, ensuring Paddington retains a diverse and connected community. 
&nbsp; 
The project is expected to be determined by the NSW Department of Planning, Housing and Infrastructure in 2026, with construction planned to start later that year and delivery within three years.

Paddington’s Verona Cinema set for luxury apartment transformation and new Golden Age Cinema

The Chatswood CBD is the latest city centre in the cross hair of the Minns Labor Government's push to support new housing.

They're pushing for up to 1,500 apartments on the former Sydney Metro construction site, which will include 180 build-to-rent apartments for essential workers, as well as new retail and commercial spaces and outdoor areas.

<img alt="Chatswood" data-entity-type="file" data-entity-uuid="ec539e11-accf-4844-bbce-1b453e0ee907" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-03%20at%209.09.58%E2%80%AFAM.png?VersionId=64L8ymb0LbjKbxcmvUux9TI9qXL8hnkR" />

The remaining mix will be build-to-sell, and incorporate affordable housing. The development will see the adaptive re-use of local heritage building Mowbray House, which operated as a boarding school from 1906 to 1954, for future community use.&nbsp;

Construction on the site is expected to start in late 2026, with the first essential workers expected to move in by late 2028.

Landcom is inviting feedback on the proposal from the community and stakeholders until 9am, Monday 27 October 2025.

<img alt="Chatswood" data-entity-type="file" data-entity-uuid="01cc2e55-a585-4a3f-afb2-bb6213dc59b8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-03%20at%209.09.18%E2%80%AFAM.png?VersionId=ZaaHSI.h_CLRCYloljNdXSa4eigU6vae" />

The Chatswood site is the second&nbsp;to be secured under the Minns Labor Government’s $450 million investment in Landcom to deliver 400 build-to-rent homes for essential workers in Sydney, with 220 essential worker homes already being delivered in Annandale.

&nbsp;

&nbsp;

&nbsp;

&nbsp;

Work is also underway on new build-to-rent apartments on the NSW south coast and work is set to start later this year on new build-to-rent housing in Lismore to boost rental supply in the NSW Northern Rivers.

Premier of New South Wales Chris Minns said essential workers are the backbone of not only Sydney but all of NSW and they deserve to have an affordable place to live near their job and community.

“This will be life changing for essential workers, who will get to live not only near their job but in one of the best-connected areas in all of Sydney.”

Minister for Planning and Public Spaces Paul Scully said people should be able to live, work, relax and play all within one community.

"Delivering both 180 new essential worker homes and 1300 further market and affordable homes will give that opportunity and choice back hundreds of people.

“We’ve dedicated another 180 homes to essential workers in this project so workers like our teachers, nurses, paramedics and police offices can build a life close to both their home and job.

“This is yet another example of density done well, providing additional, homes and jobs in an area that’s already well serviced by public transport, shops, restaurants, schools and health centres.”

&nbsp;

&nbsp;

Landcom CEO Alex Wendler said this is a highly productive time for Landcom where we are sustaining strong momentum across our entire delivery program.

"Here at Chatswood, we are leading the development of a major city precinct to do density well and make homes happen. This is a great example of Landcom making the government’s policy ambitions a reality and bringing to life the kind of housing options our city needs.”

Premier of New South Wales Chris Minns said essential workers are the backbone of not only Sydney but all of NSW and they deserve to have an affordable place to live near their job and community.

NSW Gov, Landcom plan 1,500 new apartments in Chatswood CBD

Dexus' push into the residential development space is moving down to Melbourne, with the real estate asset giant taking on a x at the southern end of St Kilda Road.

Dexus, who has recently starting developing luxury apartments in Sydney's Northern Beaches, is planning a 27-storey tower with over 400 new apartments at the intersection of St Kilda Road and Queens Road.

The proposal, now with VIC Planning, seeks to replace the ageing 19-storey former Cadbury office building at <a href="https://www.apartments.com.au/new-apartments/636-st-kilda-road-melbourne-vic-3004">636 St Kilda Road</a> with a contemporary high-density apartment complex designed by architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>.

According to the Urban Context Report filed to VIC Planning, the development will respond to the site’s landmark location through a "refined and sculptural built form that mediates between the scale of St Kilda Road and Queens Road” while reinforcing “a sense of civic address at this prominent intersection.”&nbsp;

<img alt="First look: Dexus proposes 27-storey residential tower at 636 St Kilda Road" data-entity-type="file" data-entity-uuid="dfd2ebd1-e311-4348-9c7d-b3d73b64ade4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/St%20Kilda%20bldg.png?VersionId=_DHkdNAj1U3wcH0BX51t2MJYeIMrbG2w" />

The architectural design features active frontages, new pedestrian through-links and an extensive landscape strategy that integrates with the surrounding boulevard character.

The apartment mix is varied, comprising 40 studios, 87 one-bedrooms, 203 two-bedrooms, 66 three-bedrooms, and six penthouses, with each dwelling designed to meet the standards set out in Clause 58 of the Port Phillip Planning Scheme.&nbsp;

A key element of the proposal is a $9.6 million contribution, equivalent to three per cent of the project’s estimated development cost, to the Social Housing Growth Fund, aimed at supporting affordable housing outcomes across Victoria.

<img alt="First look: Dexus proposes 27-storey residential tower at 636 St Kilda Road" data-entity-type="file" data-entity-uuid="7f138f11-5277-461f-8d12-9533b2960586" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/St%20kilda%20rd%20site.png?VersionId=m_ZioKYhwkvekE3ZUF6y7bz.5_5yFPnZ" />

The site’s three street frontages, St Kilda Road, Queens Road, and Queens Lane, enable significant setbacks and design flexibility.

Bates Smart noted the proposal "reinforces the intent for St Kilda Road North to accommodate higher-density, mixed-use development,” leveraging its location near the soon-to-open ANZAC Station tram-rail interchange and the principal cycling corridor along the boulevard.

They emphasised&nbsp;the building’s role as a city-shaping gateway, writing that the proposed tower is “designed to contribute positively to the skyline and urban character of St Kilda Junction,” and would offer visual connections to key city landmarks, including Albert Park Lake and the Shrine of Remembrance.

Public realm upgrades are also proposed as part of the scheme, including a 138 sqm linear park, extensive landscaping, and around 188 metres of active frontages to enhance permeability and safety at the ground plane. A total of 449 car spaces and 120 bicycle spaces are planned across the four basement levels.

<img alt="First look: Dexus proposes 27-storey residential tower at 636 St Kilda Road" data-entity-type="file" data-entity-uuid="dfdbccd3-6954-417e-8543-c6b1f1b5df1b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/St%20KILDA%20rooftop.png?VersionId=.xI5fkVYETzG1WJaiOsOt8Yd4BgQx0DA" />

Dexus is positioning the project as a strategic redevelopment aligned with the St Kilda Road North Precinct Plan. The Planning Report by Urbis states that the distinct features of the site, the emerging context to its interfaces, and the surrounding policy context justify consideration of a taller building” despite the site being subject to Design and Development Overlay – Schedule 26 (DDO26).

St Kilda Road has been one of the most popular streets for residential development in recent years. The likes of Victoriana, The Muse, and St Boulevard are the most recently completed buildings, oriented to look over the adjacent Albert Park Lake, while Gamuda Land is currently developing <a href="https://www.apartments.com.au/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda-vic-3182">Fareham</a>, and Hirsch &amp; Faigen has a building in the precinct they will soon launch, just off St Kilda Road on Queens Road.

First look: Dexus joins St Kilda Road apartment ranks with gateway tower proposal

Melbourne’s City Circle tram loops past a dense matrix of culture, education and commerce, but few intersections offer as much access in so little walking distance as the northern end of King Street.

Here, Aspire Melbourne rises 64 storeys from the edge of Flagstaff Gardens, with immediate connectivity to tram and train networks, and pedestrian access to Queen Victoria Market, Marvel Stadium and Melbourne’s major university precincts.

Developed by ICD Property with design by Fraser &amp; Partners, Aspire Melbourne brings 570 apartments to one of the CBD’s most spatially balanced positions, directly between civic green space and key employment infrastructure.

[smartcode_project:default project_id=2575 project_image_fid=248847]

Everything from retail and dining to sporting events, art, theatre, and festivals, or the serenity of the city’s gardens, is within walking distance of Aspire.

Melbourne's thriving coffee culture is showcased in the CBD's cobblestoned laneways, with popular cafes such as Brother Baba Budan, Krimper, Stagger Lee's, Higher Ground, and Manchester Press all nearby.

For culinary enthusiasts, Melbourne offers a variety of dining experiences. Highly recommended establishments include Maha, Farmer's Daughter, Coda, and MoVida Next Door, offering everything from Middle Eastern dinners to a night out.

[smartcode_project:default project_id=2575 project_image_fid=79443]

Getting around Melbourne is as effortless as finding a great cup of coffee, thanks to the city’s clean, reliable and extensive public transport network. Aspire’s curved tower is a short walk from Melbourne Central Station, Southern Cross Station and the Free Tram Zone, offering seamless connections across the CBD and out to suburban precincts.

This inner-city accessibility is complemented by Aspire’s rare proximity to green space. The tower directly overlooks Flagstaff Gardens, the city’s oldest park, with Fitzroy Gardens and the Royal Botanic Gardens also nearby, framing the CBD in natural beauty.

Just 11 minutes on foot, Queen Victoria Market adds another layer of amenity. A longstanding hub of culture and commerce, it offers fresh produce, gourmet foods, artisanal goods and vibrant multicultural fare, all woven into the daily rhythm of city life.

[smartcode_project:default project_id=2575 project_image_fid=79445]

To the west, the CBD’s entertainment quarter features Marvel Stadium, just 750 metres from Aspire, ideal for sports fans and major events.

To the south, Crown Casino along the Yarra River offers entertainment, dining and family-friendly activities, accessible in under 10 minutes by tram.

The Arts Centre Melbourne, a hub for visual art, theatre, music and performance, is also within easy reach by public transport or car.

[smartcode_project:default project_id=2575 project_image_fid=311]

For families looking to set up roots in the CBD, education options abound within a one-kilometre radius of Aspire.

The prestigious Haileybury opened its Melbourne CBD campus in January 2017 offering Melbourne's first Early Learning Centre to Year 12 private school campus in the CBD.&nbsp;

<a href="/developments/north-melbourne-vic-3051">North Melbourne</a> Primary School, South Melbourne Primary School, Ozford College, and Simonds Catholic College are among the other choices, while universities like Victoria University, La Trobe University, and Monash University are less than 600 metres away.

[smartcode_project:default project_id=2575 project_image_fid=79444]

A limited selection of one, two, and three-bedroom apartments remain for sale, with pricing starting from $647,000.

“The Melbourne CBD apartment market has evolved in response to both the strong growth of the overall city as well as the increasing attraction of the CBD which offers unique lifestyle appeal, especially to the fast-growing cohorts of young professionals and university students,” <a href="/project-marketer/colliers">Colliers</a>&nbsp;Managing Director Residential Tim Storey said.

[smartcode_project_cta:default project_id=2575]

On the fringe of Flagstaff Gardens: Aspire Melbourne's prime location

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

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?

The onset of the pandemic was a tough time for developers across the country.

In Western Australia, development came to a grinding halt.

“There had been little to no increase in the cost to build for about 12 to 13 years before the pandemic,” Gavin Hawkins, Executive Director of <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth’s premier developers, told Apartments.com.au.

“Everything then went up overnight. Costs escalated, and so did the prices buyers had to pay. Pair the cost increase with the lack of available builders, and any project worth upwards of $100 million had to be paused because it wasn’t feasible to deliver.”

There were also a series of builder insolvencies, while many tier-one firms shifted their focus away from residential towers. “A lot of the large builders had taken on major government contracts for hospitals, schools and transport infrastructure, which offered lower risk and steadier returns. That left very few willing or able to deliver large-scale apartment projects in WA,” Hawkins said.

As a solution-driven business, Edge decided they would bring construction in-house.

“The builder-developer model is a more common model in the eastern states, but it hasn’t really been done in WA before,” Hawkins says. In the middle of 2023, they established Edge Construction, hiring senior staff members from reputable tier-one builders.

“We showed them our pipeline of projects, which de-risked the process somewhat, and now we have a 45-strong construction team working across our six projects currently under construction.”

[smartcode_project:default project_id=138456 project_image_fid=214895]

Edge’s portfolio is arguably one of the most enviable in the state, with a diverse spread both geographically and in terms of density.

In Crawley, the team is approaching completion of <a href="https://www.apartments.com.au/new-apartments/broadway-on-the-bay-crawley-168-broadway-crawley-wa-6009">Broadway on the Bay</a>, just 21 riverfront apartments in an eight-level building. North of Crawley, Edge is also soon to complete <a href="https://www.apartments.com.au/new-apartments/claytons-mindarie-beachfront-mindarie-50-alexandria-view-mindarie-wa-6030">Claytons Mindarie Beachfront</a>, an 89-residence community comprising apartments, penthouses, and two-storey townhouses.

One of Edge’s most notable developments is <a href="https://www.apartments.com.au/new-apartments/the-dunes-beachfront-residences-scarborough-1-reserve-street-scarborough-wa-6019">The Dunes</a>, a landmark project on the iconic Scarborough beachfront. Its 223 residences are spread across two buildings that will also feature a lagoon pool, wine cellar, and a series of formal and informal dining and lounge areas, reinforcing its positioning as one of the suburb’s most ambitious residential undertakings.

[smartcode_project:default project_id=134709 project_image_fid=248321]

Edge’s Fremantle project, <a href="https://www.apartments.com.au/new-apartments/muse-at-artisan-place-fremantle-19-burt-street-fremantle-wa-6160">Muse at Artisan Place</a>, is also breaking new ground as the first, and most premium stage, of a new residential precinct in the city’s east end. They have two of the four buildings, Muse West and Muse East, under construction, which will deliver 153 of the broader Artisan Place precinct that will eventually comprise 277 residences.&nbsp;

Not forgetting the CBD fringe, Edge has also commenced the build of <a href="https://www.apartments.com.au/new-apartments/lumiere-south-perth-35-mends-street-south-perth-wa-6151">Lumiere</a>, a mix of 115 one, two, and three-bedroom apartments in a striking curved building by Hilliam Architects in South Perth. Lumiere also leans heavily on resident amenity, with an infinity heated pool with cabanas, a gym with a sauna and yoga deck, billiards room and cocktail bar, a residents’ lounge with fireplace and dining area, and a street-level café and wine bar.

[smartcode_project:default project_id=101025 project_image_fid=250028]

Edge is doubling down in South Perth, having recently acquired a site on Harper Terrace, the last privately held riverfront block in South Perth’s Mends Street precinct. Hawkins says the team had been working for years to secure the adjoining block, which had four separate owners in an original apartment building. Then the neighbouring cleared block came up for sale, allowing them to create a prized and unrepeatable 4,000 sqm-plus site.

The plan is to launch Harper on Swan, an 11-level building with around 71 apartments, mostly three-bedroom residences, to the market soon. Hawkins says the downsizer market in particular continues to be resilient in WA. “Now their homes are up to double what they were four years ago, and they are ready to take advantage of that and move into a new apartment,” Hawkins says.

“With strong population growth, full employment, and limited supply in the new apartment space, WA is well positioned heading into 2026.”

Edge’s portfolio is arguably one of the most enviable in the state, with a diverse spread both geographically and in terms of density.

How EDGE Visionary Living navigated the pandemic, and came out stronger: Five minutes with Gavin Hawkins

Construction has officially commenced at <a href="https://www.apartments.com.au/new-apartments/botanical-turner-2-forbes-street-turner-act-2612">Botanical Turner</a>, one of Canberra’s most anticipated new residential communities, with site works well underway in preparation for the piling rig to arrive in November. &nbsp;

Developed by <a href="https://www.apartments.com.au/developers/amalgamated-property-group">Amalgamated Property Group</a> in partnership with <a href="https://www.apartments.com.au/developers/base-developments">Base Developments</a>, Botanical Turner builds on the team’s proven track record of delivering landmark projects across Canberra and beyond. It is being brought to life by the highly respected team at <a href="https://www.apartments.com.au/builders/milin-builders">Milin Builders</a>, known for delivering a number of award-winning projects across the ACT.&nbsp;

Almost 50 per cent of the residences have already sold during Stage 1, signalling both the strength of &nbsp;buyer confidence and the rarity of Botanical’s offering.

[smartcode_project:default project_id=149632 project_image_fid=338672]

Graham Potts, Principal and Founding Director of Amalgamated Property Group, said the market response affirms the vision for Botanical.&nbsp;

“To see construction now underway is a milestone for both our team and our buyers. Nearly half &nbsp;of the residences have been secured in this first stage, which validates our approach of creating &nbsp;homes that are both distinctive in design and generous in scale. Botanical is more than a &nbsp;residential project, it’s a contribution to the future of Canberra’s inner north, designed to hold its &nbsp;value for generations to come.”&nbsp;

Proving popular with owner-occupiers, Botanical Turner offers a broad range of floorplans with one-, two-, and three-bedroom residences designed for flexibility. The project has drawn the attention of downsizers in particular, who value the low upkeep, leafy inner-north location, and forward-thinking considerations for storage and functionality.&nbsp;

&nbsp;

[smartcode_project:default project_id=149632 project_image_fid=338671]

Designed by award-winning <a href="https://www.apartments.com.au/architects/sjb-architects">SJB Architects</a> (2023 International Interior of the Year at World &nbsp;Architecture Festival and 2024 Premiers Prize at NSW Architecture Awards), Botanical Turner &nbsp;makes a statement in both presence and liveability. The building’s bold geometric form is layered in a palette of red brick, terracotta and crisp white.

Carefully integrated communal spaces, including a landscaped courtyard, arched walkways &nbsp;and open thoroughfares, give residents a sense of connection and ease, while the abundant &nbsp;amenities reflect the expectations of a discerning market backed by Amalgamated’s lifestyle-led approach. These include a concierge, indoor lap pool set among greenery, spa, sauna, &nbsp;steam room and a fully equipped gym.

[smartcode_project:default project_id=149632 project_image_fid=338674]

Keenan Veraar, <a href="https://www.apartments.com.au/project-marketer/lj-hooker-project-marketing-act-0">LJ Hooker</a>, said Botanical Turner has exceeded expectations in terms of demand.&nbsp;

“Botanical Turner has attracted strong early interest and I believe that is because of three key factors; its beautiful build form, the generous apartment sizes, and buyers know they are purchasing into a project backed by one of Canberra’s most respected development partnerships,"&nbsp;Veraar said.

"Amalgamated and Base have delivered time and again, and that consistency gives people confidence. SJB Architects has created outstanding projects interstate using similar &nbsp;tones and materials, all of which have been incredibly well received. That pedigree reassures &nbsp;our buyers that Botanical will set a new benchmark for Canberra.”&nbsp;

[smartcode_project:default project_id=149632 project_image_fid=338672]

Dennis Milin, Principal of Base Developments and Milin Builders, said construction progress is advancing on schedule.&nbsp;

“Off-site works and site servicing are nearing completion, with excavation and preparation for &nbsp;piling equipment in progress to allow for the commencement of basement earthworks," Milin says.

"With decades of delivery experience and a longstanding partnership with Amalgamated, we’re &nbsp;committed to bringing SJB’s vision for Botanical Turner to life. The project will be defined by the &nbsp;same uncompromising standards and attention to detail that underpin every one of our developments.”&nbsp;

Apartments at Botanical start from $600,000.

&nbsp;

[smartcode_project_cta:default project_id=149632]

Construction commences at Botanical Turner as stage one reaches 50 per cent sold

Design-led property developer <a href="https://www.apartments.com.au/developers/orchard-piper">Orchard Piper</a> has achieved $125 million in sales prior to publicly launching its latest Toorak Village development, <a href="https://www.apartments.com.au/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a>, to market.

The milestone was reached with the sale of a four-bedroom, three-and-a-half bathroom apartment to a Toorak local for $13.75 million, achieving per square metre rates of $37,000.

Another notable recent transaction is the sale of a four-bedroom, three-and-a-half-bathroom residence to Toorak local Paul Rosen for $12.65 million in July representing a square meter rate of $43,174.&nbsp;

In May, the development made history with the record-breaking penthouse sale of more than $20 million, to Group CEO at Accent Group Limited Daniel Agostinelli and his wife Lynette.&nbsp;

[smartcode_project:default project_id=140659 project_image_fid=352237]

Orchard Piper Director Luke McKie said the record breaking achievement and sales success reflects the demand for thoughtfully designed, luxury residences and the unique lifestyle proposition of a serviced residential building that offers the scale of a home, but with added lifestyle benefits, high security and amenity.

“The early purchasers of this project are very familiar faces to Orchard Piper. Many of them are Toorak locals who have waited years for the right project to buy into. They understand how rare this offering is, and trust us to deliver them an outstanding property.”&nbsp;

[smartcode_project:default project_id=140659 project_image_fid=352236]

Developed in collaboration with joint venture partner NPACT (a partnership between James Packer’s family office and Todd Nisbet), One Toorak Place introduces a new model of hotel-style residential living to the suburb.&nbsp;

Located at 7-11A and 17-19 Carters Avenue, the development includes a collection of two-, three-, and four-bedroom residences and penthouses, boutique commercial suites, curated retail and an integrated hospitality precinct by acclaimed restaurateur Chris Lucas.

Delivered in his signature style, the precinct will be curated to reflect the spirit of the neighbourhood and the lifestyle of its residents. Lucas will also design a suite of bespoke services for residents of the building, including in-residence private dining, cellar concierge services and priority access to all Chris Lucas restaurants.&nbsp;

[smartcode_project:default project_id=140659 project_image_fid=352238]

Designed by <a href="https://www.apartments.com.au/architects/kerry-hill-architects">KHA (Kerry Hill Architects)</a>, residents will enjoy access to hotel-style five-star services and amenities, including concierge, a 25-metre lap pool, full-service gym, sauna, steam room, and hot and cold therapies. Also included are a dedicated resident lounge, resident meeting room, a golf simulator, and practical facilities such as dog-wash and car-wash bays.&nbsp;

One Toorak Place is Toorak’s largest planning approval to date, occupying the 3,589 sqm former Mercedes-Benz Toorak site. With a total of 5,000 sqm of premium land under development across two projects in Toorak Village, Orchard Piper’s contribution to the precinct is set to surpass $550 million in value, reinforcing its long-term commitment to design-led renewal in the area.&nbsp;

Construction on One Toorak Place is expected to commence towards the end of 2025.&nbsp;

[smartcode_project_cta:default project_id=140659]

The development is now over 30 per cent sold by value in under three months, with significant sales including a record-breaking $20 million penthouse, and two four-bedroom apartments for $13.75 million and $12.65 million. 

Orchard Piper achieves $125 million in pre-launch sales at Packer-backed Toorak Village development

The first large-scale residential community built on the Gold Coast’s <a href="https://www.apartments.com.au/developments/isle-of-capri-qld-4217">Isle of Capri</a> in more than 30 years is nearing sell-out, with limited villas now available in the exclusive island enclave.

Developed by <a href="https://www.apartments.com.au/developers/monaco-property-group">Monaco Property Group</a> and built by <a href="https://www.apartments.com.au/builders/greyburn">Greyburn</a>, Capri Villas brings 48 architect-designed homes to one of the Gold Coast’s most sought-after addresses. The gated community combines privacy, security and premium design in a central location.

Michael Kollosche, Managing Director of <a href="https://www.apartments.com.au/project-marketer/kollosche-new-projects">Kollosche</a>, said security and lifestyle are front of mind for today’s buyers.

“Capri Villas offers the comfort of a home, the convenience of a central location, and the confidence that comes with a gated community.”

[smartcode_project:default project_id=139511 project_image_fid=351864]

With only a handful of villas remaining, the sales momentum reflects both strong buyer demand for <a href="https://www.apartments.com.au/buildings/capri-villas-81-salerno-street-isle-of-capri-qld-4217">Capri Villas</a> and a broader shortage of new, move-in-ready boutique homes on the Gold Coast.

The villas span two levels, each with three bedrooms, generous living areas and high-end finishes such as marble kitchens with Gaggenau appliances. Solid concrete construction underpins the design, while landscaped courtyards extend living spaces outdoors. Practical inclusions like secure garaging, ducted climate control and ample storage enhance everyday comfort.

Residents also have access to resort-style facilities within the gated grounds, including a swimming pool with cabanas and day beds, landscaped outdoor entertaining areas with barbecues, and a residents’ lounge.

[smartcode_project:default project_id=139511 project_image_fid=351872]

“Opportunities like this don’t come up often,” Kollosche added.

“Capri Villas combines security, design and location in a way that is rare on the Gold Coast and the level of interest we’re seeing reflects that.”

Isle of Capri is an island community tucked in behind Surfers Paradise, offering residents a quieter lifestyle while remaining close to the action. Linked to the beachfront by bridge, the suburb is favoured for its walkability, with Capri on Via Roma (including Harris Farm Markets) providing dining, cafes and essentials just 800 metres away. Beaches, restaurants and entertainment are close at hand, while transport connections add to the suburb’s appeal.

Capri Villas are located at 81 Salerno Street, Isle of Capri. Two-level, three-bedroom villas are priced from $2.4 million.

[smartcode_project_cta:default project_id=139511]

Capri Villas approach sell-out following recent completion

Sherpa Property Group has quickly become the most active developer in Palm Beach.

Their recent descent on the beachside Gold Coast suburb has been driven primarily by their new affordability-focussed brand, Flourish, which, with considerably lower entry points than most projects across the whole region, has unsurprisginyl been a hit with buyers.

Their latest Flourish play is on Sixth Avenue, where they are proposing <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a>, 47 apartments across a 14-storey building.

<img alt="9 Sixth Avenue" data-entity-type="file" data-entity-uuid="71c9fddd-0075-4b74-9516-27293545285a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/perspective_1.png?VersionId=5RWz4W8lpf9Xk7RKd5GumW1bdWrs5nou" />

Flourish Oasis takes cues from the site’s proximity to the beach and the relaxed coastal lifestyle, according to the documents submitted to the Gold Coast City Council by HAL Architects.

“Balconies stretch like waves and wings, echoing the motion of the sea and sky,” the architecture firm noted, describing the facade’s form as "fluid and expressive."

In line with Sherpa's commitment to rooftop amenity, Oasis will have a rooftop&nbsp;pool, hot and cold plunges, and barbecue and alfresco spaces, all set amid extensive landscaping and with views across the coastal skyline.

<img alt="Flourish" data-entity-type="file" data-entity-uuid="2bbe3b23-e7dc-455f-a45d-8379819a492e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-30%20at%203.55.12%E2%80%AFPM.png?VersionId=b_f6YkSgg039_u4FOim8qbVpVZVZqXNP" />

Sherpa only recently acquired the 810 sqm site, in another site acquisition splurge which also included a 2,050 sqm site at 1156-1164&nbsp;Gold Coast&nbsp;Highway.

Flourish Oasis, and the Gold Coast Highway project, will become&nbsp;Sherpa's third and fourth Flourish projects in Palm Beach, after Ovana and Flourish on Sixth. The developer expanded into&nbsp;<a href="https://www.apartments.com.au/developments/brisbane-qld" target="">Brisbane</a>&nbsp;recently, launching Symphony, another under the Flourish banner.

Christie Leet, founder of&nbsp;<a href="https://www.apartments.com.au/developers/sherpa-property-group" target="">Sherpa</a>, the group’s ambition is to lead&nbsp;<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221" target="">Palm Beach</a>’s renewal.&nbsp;

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221" target="">Palm Beach</a>&nbsp;is buzzing, but it’s been near impossible for locals to find something new that fits their lifestyle and budget,” Leet said.&nbsp;

“There’s a significant price gap between beachfront and non-beachfront properties – typically around 30 per cent, but in&nbsp;<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221" target="">Palm Beach</a>&nbsp;it can be closer to 100 per cent.&nbsp;That presents a tremendous opportunity, and we believe it’s our obligation as Sherpas to identify and deliver it for our community.”

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