Housing affordability is always the hottest topic of conversation in the Sydney real estate market.

Recent research highlights the increasing difficulty for first home buyers to enter the Sydney property market, with projections indicating that housing will remain unaffordable until at least the 2030s.&nbsp;

The study by Dr Mustapha Bangura from the University of Technology Sydney (UTS) and UNSW Sydney Professor Chyi Lin Lee found that neither median part-time nor full-time incomes are sufficient to purchase property anywhere in Greater Sydney without additional financial support.

Developer <a href="https://www.urban.com.au/developers/australia-ymci-pty-ltd">Australia YMCI</a>&nbsp;(AYMCI) is offering affordable apartments, under the threshold for full stamp duty concessions, at its Sydney Olympic Park development, <a href="https://www.urban.com.au/buildings/ruby-apartments-lidcombe-1-kingfisher-street-lidcombe">Ruby Apartments</a>.

[smartcode_project:default project_id=143641 project_image_fid=247480]

A handful of the final apartments left in the completed development are under $800,000, which means first home buyers pay no stamp duty through the NSW Government First Home Buyers Assistance Scheme.

“We are committed to providing affordable apartments and projects designed to integrate convenience and luxury, offering residents unparalleled access to transportation options and community amenities,” said Australia YMCI Director Jason Tan.

"We understand the challenges many first-home buyers face in today’s market. Our goal is to provide affordable and quality housing options that do not compromise on luxury or convenience."

[smartcode_project:default project_id=143641 project_image_fid=247478]

The two-bedroom apartments under $800,000 each have two bathrooms, one an ensuite with a deep bath tub, an integrated study nook that can comfortably fit a sofa bed, and a parking space.

Located near Accor Stadium and Qudos Bank Arena, Ruby Apartments also benefit from proximity to a vibrant hospitality strip and future developments around Olympic Station, which is set for a $585 million investment.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/new-nsw-gov-stimulus-draws-buyers-to-sapphire-apartments-in-sydney-olympic-park">New NSW Gov stimulus draws buyers to Sapphire Apartments in Sydney Olympic Park</a>

Sydney Olympic Park features numerous parks and green spaces, creating a diverse and expansive environment for recreation and leisure. Notable parks within the area include Bicentennial Park, Blaxland Riverside Park, Wentworth Common, and the Badu Mangroves.

The broader Sydney Olympic Park area contains various smaller parks, wetlands, and conservation zones, all contributing to its rich biodiversity and outdoor activities.

The future is also bright for Sydney Olympic Park. The NSW Government has put together a 2030 Master Plan that will revitalize the area with a&nbsp;new town centre, educational facilities, shopping precinct, new homes, more jobs, increased open space, increased community facilities and facilitation of a new Metro station.

There are also plans being drawn up for Master Plan 2050, given the population of Sydney Olympic Park is expected to jump from 3,700 to nearly 30,000.

[smartcode_project_cta:default project_id=143641]

mikah.m@urban.com.au

$0 stamp duty incentive drawing first home buyers to Ruby Apartments in Sydney Olympic Park

The latest dwelling approvals released by the ABS paint a bleak picture for the future of housing in Australia.

Following two months of growth, total dwelling approvals dropped -6.5 per cent in June, to be back around 12 year lows.

The most glaring statistic was that the declines were driven by New South Wales (-18.8 per cent) and Victoria (-13.5 per cent), the home of two of our largest capital cities and immigration hotspots.

Over the past 12 months, there have been a total of 162,892 dwellings approved, compared to 177,936 in the 12 months prior, representing an -8.5 per cent decrease. It's the lowest number of dwellings approved on a financial year basis since 2011/12.

Dwelling approvals had been trending upwards, marginally, in the two months prior to the latest release.&nbsp;

The result came in below consensus expectations of a milder -2 per cent fall although that mainly reflected a sharp drop in the volatile units component.&nbsp;

Approvals for private sector dwellings excluding houses (townhouses, apartments and terrace houses) fell by -19.7 per cent in June, reaching the second-lowest monthly level recorded since January 2012.&nbsp;

<h2>Dwelling Approvals by Building Type</h2>

<img alt="Dwelling" data-entity-type="file" data-entity-uuid="c43443ec-8b14-4237-a7e3-5e8609378858" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-31%20at%2011.48.09%E2%80%AFAM.png?VersionId=820tT7ActWtlQU34Jy7WZAgGs20h8oGu" />

“These building approval numbers are an alarm bell that this housing crisis could rapidly escalate into a political crisis if further action isn’t taken,” said Stuart Ayres, CEO,&nbsp;UDIA&nbsp;NSW.

“Every month of underwhelming data requires another future month of increased approvals for us to have any hope of recovery. We do not want to see these housing targets drift into the realm of impossibility."

The Property Council of Australia said the decline in approvals is another clear sign of the challenges ahead to the national housing targets.&nbsp;

&nbsp;

&nbsp;

Property Council Group Executive Policy and Advocacy Matthew Kandelaars said the figures continue to paint a challenging picture for reaching our 1.2 million new homes by 2029 target.&nbsp;

“That our dwelling approval numbers have hit the lowest number on a financial year basis in &nbsp;over a decade is a clear sign of the challenges we face in delivering the homes Australians need,” Kandelaars said.&nbsp;

“If we don't accelerate our efforts, we will fall far short of what should be an attainable target.&nbsp;Governments nationwide must use every available measure to help industry deliver the desperately needed supply of new homes.&nbsp;

“We need an invigorated focus on supply-inducing last-mile infrastructure, more construction labour and we need to ensure that first-home buyers are given a better chance of accessing credit for housing.&nbsp;

“To achieve our goal of 1.2 million homes, we need to adopt a proactive mindset and pull every lever available to unlock more supply – including new homes for students, renters and retirees."

“These building approval numbers are an alarm bell that this housing crisis could rapidly escalate into a political crisis if further action isn’t taken,” said Stuart Ayres, CEO, UDIA NSW

Joel Robinson

Dwelling approval drop highlights urgent need for interest rate drop or incentive for developers to build

New apartment owners are increasingly seeking developments that connect to nature due to a growing awareness of the benefits of green living.

As urbanization accelerates, the need for natural spaces within residential areas becomes more pronounced.

Proximity to nature is known to enhance well-being by reducing stress, improving mental health, and fostering physical activity. Natural elements in residential developments, such as parks, green roofs, and landscaped gardens, create a serene environment that contrasts sharply with the often hectic pace of city life.

Part of the trend toward nature in new apartment developments is a rising desire for&nbsp;sustainable living, driven by environmental concerns. Developments that integrate nature often employ eco-friendly practices, such as energy-efficient designs and sustainable materials, appealing to environmentally conscious buyers. These spaces not only offer a healthier lifestyle but also contribute to lower carbon footprints.

Natural surroundings can also enhance the aesthetic appeal and overall value of a property. Buyers are increasingly looking for homes that provide a harmonious balance between modern conveniences and natural beauty, reflecting a broader shift towards lifestyles that prioritize well-being and environmental stewardship. This trend underscores a collective recognition of the importance of integrating nature into everyday living spaces.

In a city where land is at a premium, it's difficult for developers in Sydney to put together a large enough development site to incorporate a significant amount of nature.

We've wrapped up the most nature-fuelled new apartment developments on the market in Sydney right now.

<h2>Project: The Newlands, St Leonards</h2>

<h3>Location: 21-41 Canberra Avenue, St Leonards NSW 2065</h3>

<h3>Developer: Top Spring Australia</h3>

Following its initial launch to the market in late 2022, Sydney developer <a href="https://www.urban.com.au/developers/top-spring-australia">Top Spring Australia</a>'s parkside masterplan,&nbsp;<a href="https://www.urban.com.au/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a>, has been one of the most sought-after developments in the St Leonards South precinct.

Designed by <a href="https://www.urban.com.au/architects/bates-smart">Bates Smart</a> and landscaped by <a href="https://www.urban.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia Landscape Architecture</a>, The Newlands emphasises a pedestrian-oriented precinct with a focus on the natural landscape of Newlands Park.

[smartcode_project:default project_id=24509 project_image_fid=257584]

Quietly set off Canberra Avenue, just minutes from the <a href="https://www.urban.com.au/developments/st-leonards-nsw-2065">St Leonards</a> activity centre and the train station but with the peace and privacy that living opposite a park brings.

“The Newlands is a breath of fresh air for purchasers looking for lower density, leafy spaces, and a more suburban neighbourhood," Colliers Project Director, Daniel McMahon, said.

[smartcode_project:default project_id=24509 project_image_fid=234815]

The Newlands will be home to 319 apartments across five low and mid-rise buildings. 90 per cent of apartments and terrace homes at The Newlands will have green landscape views and some offer absolute park frontage to the soon-to-be expanded Newlands Park, and all the buildings are connected by a 5,700 sqm communal green spine with boardwalks.

[smartcode_project:default project_id=24509 project_image_fid=263845]

Bordered by parkland on three sides, the community provides unrivalled resident facilities including rooftop dining and entertaining spaces, pool, gym, communal electric vehicles and e-bikes for hire, refrigerated parcel lockers for grocery deliveries, and a digital concierge to connect services such as cleaners, personal trainers, and dog walkers.

The Newlands is under construction with 4.5-star iCIRT-rated builder <a href="https://www.urban.com.au/builders/dasco-australia">DASCO</a>, and the first stage is due for completion in late 2025.

<h2>Project: The Orchards | Veue Parkside</h2>

<h3>Location: 15-19 Spurway Drive, Norwest NSW 2153</h3>

<h3>Developer: Sekisui House Australia</h3>

<a href="https://www.urban.com.au/developers/sekisui-house-australia">Sekisui House</a> Australia has committed to nature in its $1 billion Norwest masterplan, The Orchards.

Veue, stage four of the $1 billion masterplanned community, comprises 583 apartments, nearly half of the total apartments that will make up the 8.1-hectare The Orchards.

[smartcode_project:default project_id=145924 project_image_fid=287363]

Sekisui's most recent stage, <a href="https://www.urban.com.au/new-apartments/the-orchards-veue-parkside-15-19-spurway-drive-norwest">Veue Parkside</a>, is the most nature-focussed release to date.

Designed by <a href="https://www.urban.com.au/architects/crone-architects">Crone Architects</a>, every element of the parkside homes - from the architectural vision to the selection of material - has been carefully curated to reflect and celebrate the ever-changing beauty of nature.

[smartcode_project:default project_id=145924 project_image_fid=287380]

<a href="https://www.urban.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>&nbsp;sales manager David Lee says Veue Parkside’s direct connection to nature via a vertical green building spine supported by splendid northerly views overlooking&nbsp;<a href="https://www.urban.com.au/developments/castle-hill-nsw" target="">Castle Hill</a>&nbsp;Country Club and panoramic aspects across to the Blue Mountains from the west will capture the interest of perceptive buyers.

On its launch, <a href="https://www.urban.com.au/news/nsw/sekisui-house-australia-secure-over-85-million-in-apartment-sales-at-veue-parkside-the-orchards-community-in-norwest">over half of the apartments</a> in Veue Parkside sold.&nbsp;Over 60 per cent of sales were secured by&nbsp;Hills Shire residents and the remainder from across Sydney including Vaucluse, Bondi Junction and Maroubra

<h2>Project: Willoughby Grounds</h2>

<h3>Location: 5 Walter Street, Willoughby NSW 2068</h3>

<h3>Developer: First Quadrant Properties</h3>

<a href="https://www.urban.com.au/new-apartments/willoughby-grounds-5-walter-street-willoughby">Willoughby Grounds</a> puts you in the heart of everything great about the warm, green suburb of <a href="https://www.urban.com.au/developments/willoughby-nsw-2068">Willoughby</a>.

The development sits in one of the most beautiful pockets of Sydney – a diverse natural landscape of native bushland, the Lane Cove River and the Middle Harbour estuary.

[smartcode_project:default project_id=135512 project_image_fid=251210]

“Willoughby Grounds is really the best of both worlds – it’s that feeling of being part of a secluded, tucked-away private sanctuary with easy access to the wider amenities of Sydney," Adam Reeves of <a href="https://www.urban.com.au/developers/first-quadrant-properties">First Quadrant Properties</a> said.

There will be around 160 apartments spread across the five buildings in Willoughby Grounds, with around 30 to 35 units in each building.

[smartcode_project:default project_id=135512 project_image_fid=251214]

The design brief was to allow the multi-layered architecture and flourishing natural landscape to work in unison to create a sense of serenity and connection to the place.

The communal rooftop, overlooking district views, also reflects its rich natural surroundings, with a garden featuring sculpted stone furniture and blooming plants in large planters.

[smartcode_project:default project_id=135512 project_image_fid=251221]

First Quadrant has the iCIRT-rated builder DASCO currently constructing the project. The first apartments will be ready later this year, and the rest by mid-2025.&nbsp;

In a city where land is at a premium, it's difficult for developers in Sydney to put together a large enough development site to incorporate a significant amount of nature

Sydney's most nature-fuelled new apartment developments

Four and five-bedroom penthouses are hard to come by in Brisbane's West End, which makes Sekisui House Australia's final release in its latest stage of its $1.2 billion West Village precinct, all the more unique.

The Opulent Release, part of the two-tower Allere Collection that is over 95 per cent sold, presents a rare opportunity for those looking for a city bolthole within a thriving lifestyle precinct, where everything is at their doorstep.

The apartments, across level 18 of the UNO tower and level 15 of DUO, start at a generous 185 sqm and have been cleverly designed by regarded architecture firm&nbsp;<a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>&nbsp;so all of the rooms take in sweeping views across Brisbane.

[smartcode_project:default project_id=114215 project_image_fid=257538]

Premium quality finishes and fixtures feature throughout, but are no more evident than in the kitchen where there's premium marble benchtops, a five-burner gas cooktop, an electric oven, an integrated dishwasher, and a recirculating range hood.&nbsp;

The open kitchen flows into the dining and living areas, extending to a 41 sqm balcony suitable for alfresco entertaining.&nbsp;

A second, more private living area in between the bedrooms is available for intimate family gatherings.

Soundproofing material has been used in the windows and doors, and ducted and zoned air conditioning can be controlled via mobile for year-round comfort.

&nbsp;

[smartcode_project:default project_id=114215 project_image_fid=257539]

Residents of the Opulent Release will have access to amenities across both rooftops, with UNO featuring a private regeneration zone with city views, an infinity edge pool, an off-leash green space, Paw Pavilion, and a dog wash bay.&nbsp;

DUO offers a pool and spa surrounded by palm trees, outdoor lounges, and dining spaces.

[smartcode_project:default project_id=114215 project_image_fid=207148]

The development includes onsite property management by LivKey, year-round community and resident events, and two electric vehicles for exclusive use by all residents of&nbsp;<a href="https://www.urban.com.au/new-apartments/the-allere-collection-west-village-mollison-street-west-end">The Allere Collection</a>.

West Village is situated on Boundary Street, just 800 metres from the Brisbane CBD. It boasts a walk score of 99/100, with transportation, retail, dining, and health and wellness services in close proximity.

The broader 2.6-hectare West Village precinct also includes the heritage-listed former Peters Ice Cream Factories, highlighting the area's industrial heritage.&nbsp;

Upon completion, the <a href="https://www.urban.com.au/developments/west-end-qld-4101">West End</a>&nbsp;precinct will feature 1,200 residences, 20,000 sqm of commercial space, an 18,000 sqm retail precinct, and one hectare of open parklands and heritage laneways.

[smartcode_project_cta:default project_id=114215]

Rare four and five-bedroom penthouses offered in West End's West Village precinct

Winter did not hinder apartment sales in Sydney’s Norwest at the weekend with Sekisui House Australia securing over $85 million in sales within a few hours of the new apartment release at its masterplanned community in Norwest.

Over 150 people registered to attend the launch to secure a nature-inspired apartment in the exclusive new release,&nbsp;<a href="https://www.urban.com.au/new-apartments/the-orchards-veue-parkside-15-19-spurway-drive-norwest">Veue Parkside</a>.

More than 80 sales came on the day, the majority being for the two-bedroom units. There were also two four-bed penthouses sold, as well as two of the three-bedroom townhome-style apartments.

Sales ranged between $690,000 for a one-bedroom apartment up to $3.3 million for a four-bed penthouse with over 200 sqm of internal space. The latter was sold to a Hills Shire downsizer and equalled the record for the most expensive apartment purchase in the project.&nbsp;

Veue Parkside features 156 modern apartments distributed across two buildings, each standing nine and 14 levels tall.

Veue, the fourth stage of The Orchards, comprises 577 light-filled apartments,&nbsp;nearly half of the total apartments that will make up the 8.1-hectare masterplan.

[smartcode_project:default project_id=145924 project_image_fid=287366]

Sales Manager David Lee said buyers came in large numbers to secure a carefully curated apartment in Veue Parkside, which he called "an architectural masterpiece."

"Downsizers seeking an oversized parkside home with large living spaces as well as owner-occupiers and young professionals looking for an additional ‘work from home’ space represented the largest cohort of purchasers," Lee said.

“Oversized apartments presenting a two-storey living, most of which are now sold, properties enjoying a northerly aspect overlooking the prestigious Castle Hill Country club and two-bed max’s were the first to sell.”

Over 60 per cent of sales were secured by&nbsp;Hills Shire residents and the remainder from across Sydney including Vaucluse, Bondi Junction and Maroubra.

"To achieve another $3.3 million penthouse sale in the latest stage demonstrates renewed strength in the market for high-quality, well-located apartments,” Lee added.

“Sekisui House Australia’s highly regarded reputation for building quality homes continues to attract perceptive home buyers in The Orchards as well as its focus on working within the natural environment to create homes that last across generations, surrounded by green spaces, recreational parks and stunning landscaping.”

[smartcode_project:default project_id=145924 project_image_fid=287377]

Veue Parkside’s design vision by <a href="https://www.urban.com.au/architects/crone-architects">Crone Architects</a> defers to The Orchards’ natural surrounds with residences maximising connection to the landscape and nature.

Modern facilities encompassing a wellness centre with an indoor swimming pool, gymnasium and communal function centre that links directly to the landscaped garden will form part of Veue Parkside’s eye-catching piece of architecture.

Veue Parkside residents can entertain up to 100 guests within the communal function centre that opens up to landscaped parklands. A concierge service is also available in the adjacent Building A, servicing the needs of all residents at The Orchards.&nbsp;

[smartcode_project:default project_id=145924 project_image_fid=287378]

The masterplan, designed by Turner is spread across five stages. When completed, the community will comprise 1,300 generously proportioned apartments located approximately 31 kilometres north-west of Sydney’s CBD in <a href="https://www.urban.com.au/developments/norwest-nsw-2153">Norwest</a>.&nbsp;

Veue Parkside is located at 15–19 Spurway Drive, Norwest. Construction has started and the first residents are expected to move in in mid-2026.

Close to 650 apartments have already been sold in The Orchards.

[smartcode_project_cta:default project_id=145924]

Over 60 per cent of sales were secured by Hills Shire residents and the remainder from across Sydney including Vaucluse, Bondi Junction and Maroubra

Sekisui House Australia secure over $85 million in apartment sales at Veue Parkside, The Orchards community in Norwest

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

Purchasing an off the plan property is a very different prospect compared to buying an established property.

Everything about the process is different. For starters, the property isn't even built when you agree to purchase.

Given the added complexity of purchasing an off the plan apartment, the contracts drawn up between developer are also more complex.

We've wrapped up the top seven things to look at when reviewing an off the plan contract.*

<h1>1. &nbsp;What is an off the plan contract?</h1>

An off the plan contract is a contract between a buyer and developer for the purchase of a property that has not yet been built. The contract sets out the terms and conditions of the sale, including the price, deposit amount, settlement date, and any special conditions that apply.

<h1>2. &nbsp;Why is off the plan property popular?</h1>

Off the plan property is popular because it offers buyers the opportunity to purchase a property at today's prices but settle at a later date when the property is completed. This can be advantageous for buyers as it allows them to lock in a price before construction costs increase.

<h1>3. &nbsp;What should I look for in an off-the-plan contract?</h1>

When reviewing an off-the-plan contract, there are several things that you should look for:

- The price: Make sure that you're happy with the price that has been agreed upon and that it is in line with similar properties in the area. 
 
- The deposit amount: Check that you're comfortable with the deposit amount and that it is refundable under certain conditions (e.g., if construction doesn't commence within a certain timeframe). 
 
- The settlement date: Ensure that you're aware of when settlement will take place and whether there are any conditions attached to this (e.g., construction must be completed by a certain date). 
 
- The cooling-off period: Make sure you understand your cooling-off rights and how long you have to change your mind after signing the contract.&nbsp;

<h1>4. What happens if I change my mind after signing an off–the–plan contract? &nbsp;</h1>

If you have signed an unconditional contract, generally speaking, you cannot change your mind about buying the property without incurring some sort of penalty e.g., losing your deposit. 
 
However, if your contract contains a waiver clause or sunset clause , then these may give you some flexibility in changing your mind without being penalised.

<h1>5. What is a waiver clause?</h1>

A waiver clause essentially states that if certain conditions aren’t met by a given date (usually completion of construction), then you as the buyer are released from your contractual obligations. 
 
For example, if construction isn’t completed within two years from when contracts were exchanged, then buyers may be able to walk away from their purchase without losing their deposit . &nbsp;

<h1>6. What is a sunset clause?</h1>

A sunset clause works in a similar way to a waiver clause in that it releases buyers from their contractual obligation if certain conditions aren’t met; however, as opposed to being linked to completion of construction, a sunset clause is usually linked to obtaining development approval from council. 
 
So, if council approval isn’t granted within 12 months from when contracts were exchanged, then buyers may be released from their purchase obligation. &nbsp;

<h1>7. Will I still need to pay stamp duty on an off the plan property?</h1>

In most cases, yes – even though settlement hasn’t taken place yet , stamp duty will still need to be paid at the time of exchange. 
 
However, there are some jurisdictions where payment of stamp duty may be deferred until settlement takes place e.g., Victoria and Queensland.&nbsp;

*Disclaimer - this should not constitute legal advice and you should always speak to a lawyer when executing property contracts.

Given the added complexity of purchasing an off the plan apartment, the contracts drawn up between developer and purchaser differ greatly also compared to buying an established property.

The top seven things to look for when reviewing an off the plan property contract

In a bid to boost homeownership among first home buyers in Australia, the government has allocated funds to supply grants to eligible property seekers.

To unlock the financial incentives, there is a set of criteria which must be met, and this varies state-to-state. Here&#39;s an outline of what may be required to meet the eligibility criteria:

<h2>Victorian&nbsp;First Home Owner Grant</h2>

In Victoria, eligible first home buyers could receive $10,000 through the First Home Owner Grant.&nbsp;

The rules:

1. The property must be less than $750,000 and it cannot be an investment property or holiday home. 
2. You or your partner must be using the grant for the first time 
3. You can&#39;t have already owned a property before 
4. You need to be over 18 years of age 
5. You must also be an Australian citizen or permanent resident 
6. Penalties and interest will apply if you receive the First Home Owners Grant and are not entitled to it

You can find more detailed information on the <a href="https://services.dffh.vic.gov.au/stamp-duty-concession ">Revenue VIC website.</a>

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<h2>New South Wales First Home Owner Grant</h2>

First home buyers who are buying a property in New South Wales may be eligible for the First Home Buyers Assistance Scheme and the First Home Owner Grant for new homes ($10,000).&nbsp; 
The First Home Buyers Assistance Scheme is a full or partial exemption of stamp duty.&nbsp;

The rules:

1. The value of the home must be no more than $1,000,000&nbsp; 
2. You, or at least one person you&#39;re buying with must be an Australian citizen or permanent resident&nbsp; 
3. You must be at least 18 years old 
4. The funds are for buying an existing home, a new home or vacant land to build a new home on 
5. You must not have already owned a property or received funds through the scheme previously

The First Home Owner Grant is for brand new properties, which includes all Mirvac off-the-plan homes. With this grant, you could receive $10,000 towards the purchase price in addition to the First Home Buyers Assistance Scheme.&nbsp;

The rules:

1. The home must be brand new and be worth no more than $750,000 
2. You must be at least 18 years old 
3. You also need to be an Australian citizen or permanent resident of Australia 
4. You must be buying or building your first home that no one has lived in before

You can find more detailed information on the <a href="https://www.revenue.nsw.gov.au/grants-schemes ">Revenue NSW website.</a>

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<h2>Queensland&nbsp;First Home Owner Grant</h2>

Eligible first home buyers looking to buy in Queensland are also able to receive a grant of $15,000 towards a new home.

The rules:

1. For new home contracts, first home buyers in Queensland may be eligible for a grant of $15,000 towards buying or building a new house, unit or townhome valued at up to $750,000.&nbsp; 
2. Applicants for this grant must be over 18 
3. You must also be an Australian citizen or permanent resident&nbsp; 
4. The home must be brand new.&nbsp; 
5. You&#39;ll also need to purchase with the intent of living in the property as your primary place of residence for six months after settlement.

You can find more detailed information on the <a href="https://www.qld.gov.au/housing/buying-owning-home/advice-buying-home/transfer-duty/how-much-you-will-pay/concessions-on-transfer-duty/concessions-for-homes ">Revenue QLD website.</a>

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<h2>Western Australia&nbsp;First Home Owner Grant</h2>

In Western Australia, eligible first home buyers could receive $10,000 for a new home.&nbsp;

The rules:

1. The property must be your permanent place of residence for at least six months, within 12 months of settlement 
2. It must be your first property 
3. It must be your first time receiving the grant 
4. The applicant must be an Australian citizen or permanent resident

You can find more detailed information on the&nbsp;<a href="https://www.housing.wa.gov.au/housingoptions/homeownershipoptions/firsthomebuyers/stampduty/pages/default.aspx ">Revenue WA website.</a>

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<h2>South&nbsp;Australia&nbsp;First Home Owner Grant</h2>

First home buyers in South Australia may be eligible for up to $15,000 towards the purchase or construction of a new home.

The rules:

1. The market value of the property must be $575,000 or less 
2. Applicants must be 18 years of age or older 
3. At least one applicant must be an Australian citizen or permanent resident 
4. The grant is for a brand new home which has not be lived in previously 
5. You can&#39;t have owned a home previously 
6. Each applicant must reside in the home as their principal place or residence for a continuous period of 6 months

You can find more detailed information on the Revenue SA website: https://www.revenuesa.sa.gov.au/taxpayer-stories/first-home-buyer&nbsp;

<h2>Northern Territory First Home Owner Grant</h2>

First home buyers in Australia&#39;s Northern Territory may be eligible for a $10,000 grant towards their first property purchase.

The rules:

1. The property must be new and not previously lived in 
2. Must be 18 years or older 
3. At least one applicant must be an Australian citizen or permanent resident 
4. Applicants must not have received the grant previously or owned property prior to applying for the grant

You can find more detailed information on the <a href="https://nt.gov.au/property/home-owner-assistance ">Revenue NT website.</a>

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<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="https://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

[smartcode_project:default project_id=28733 project_image_fid=167736]

Important note: The information in this article is general information only and has been prepared without taking into account your personal circumstances. While every care has been taken to ensure the accuracy of the information, Urban cannot be held liable for any inaccuracies, errors or omission.

The information in this article does not constitute legal, tax or financial advice and you should always seek professional advice before purchasing property in relation to your individual circumstances.

In a bid to boost homeownership among first home buyers in Australia, the government has allocated funds to supply grants to eligible property seekers. To unlock the financial incentives, there is a set of criteria which must be met, and this varies state-to-state. Here's an outline of what may be required to meet the eligibility criteria.

urban.com.au

Criteria for obtaining the First Home Owners Grant

Every $1000 makes a significant impact when it comes to buying property, which is why being aware of the savings and grants you may be eligible for is vital. Financial initiatives to boost first homeownership varies state-to-state; however here&#39;s a round-up of some of the grants the could be available to buyers in the four states Mirvac have master-planned communities.&nbsp;

<h2>New South Wales First Home Buyers&nbsp;</h2>

First home buyers who are buying a property in New South Wales may be eligible for the First Home Buyers Assistance Scheme and the First Home Owner Grant for new homes.&nbsp;

The First Home Buyers Assistance Scheme is a full or partial exemption of stamp duty. The value of the home must be no more than $1,000,000, and to qualify you must be an Australian citizen or permanent resident and at least 18 years old.&nbsp;

The First Home Owner Grant is for brand new properties, which includes all Mirvac off-the-plan homes. With this grant, you could receive $10,000 towards the purchase price in addition to the First Home Buyers Assistance Scheme. The home must be brand new and be worth no more than $750,000.

You can find more detailed information on the <a href="https://www.revenue.nsw.gov.au/grants-schemes">Revenue NSW website.</a>&nbsp;

[smartcode_project:default project_id=93788 project_image_fid=186245]

<h2>Victorian First Home Buyers</h2>

In Victoria, eligible first home buyers could receive $10,000 through the First Home Owner Grant. The property must be less than $750,000 and it cannot be an investment property or holiday home. When buying a brand new home, you may be eligible for a stamp duty exemption for a property where the dutiable value is up to $600,000. Dutiable value is the price paid for the property or market value (whichever is greater) including any GST. As a first home buyer, you may also be eligible for the Principal Place of Residence concession (PPR) if you intend to live in the home for a year within 12 months of settlement.&nbsp;

You can find more detailed information on the <a href="https://services.dffh.vic.gov.au/stamp-duty-concession ">Revenue VIC website.</a>

[smartcode_project:default project_id=100322 project_image_fid=163038]

<h2>Queensland&nbsp;First Home Buyers</h2>

For new home contracts, first home buyers in Queensland may be eligible for a grant of $15,000 towards buying or building a new house, unit or townhome valued at up to $750,000. Applicants for this grant must be over 18, Australian citizens or permanent residents and the home must be brand new. You&#39;ll also need to purchase with the intent of living in the property as your primary place of residence for six months after settlement.

You can find more detailed information on the <a href="https://www.qld.gov.au/housing/buying-owning-home/advice-buying-home/transfer-duty/how-much-you-will-pay/concessions-on-transfer-duty/concessions-for-homes ">Revenue QLD website.</a>

[smartcode_project:default project_id=28498 project_image_fid=190238]

<h2>Western Australian&nbsp;First Home Buyers</h2>

In Western Australia, eligible first home buyers could receive $10,000 for a new home. The property must be your permanent place of residence for at least six months, within 12 months of settlement.&nbsp;

You can find more detailed information on the <a href="https://www.housing.wa.gov.au/housingoptions/homeownershipoptions/firsthomebuyers/stampduty/pages/default.aspx ">Revenue WA website.</a>

[smartcode_project:default project_id=93781]

<hr />
<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="https://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

[smartcode_project:default project_id=3494 project_image_fid=184727]

&nbsp;

<hr />
Important note: The information in this article is general information only and has been prepared without taking into account your personal circumstances. While every care has been taken to ensure the accuracy of the information, Urban cannot be held liable for any inaccuracies, errors or omission.

The information in this article does not constitute legal, tax or financial advice and you should always seek professional advice before purchasing property in relation to your individual circumstances.

Every $1000 makes a significant impact when it comes to buying property, which is why being aware of the savings and grants you may be eligible for is vital. Financial initiatives to boost first homeownership varies state-to-state; however here's a round-up of some of the grants the could be available to buyers in the four states Mirvac have master-planned communities.

Property purchase concessions and grants: How much could you save on your first Mirvac property?

Often the coveted suburbs to buy a home are some of the priciest &ndash; which means buyers with a lower budget generally begin to look further afield to get on the property ladder.

Sometimes buyers luck out, purchasing a property in a less popular area where the median house price is relatively low.

Over time, suburb population grows and local businesses arise often driving demand for residential property.

We&#39;ve mapped out a few of the key features to look for in a burgeoning suburb.

<h2>Planned infrastructure upgrades</h2>

Familiarise yourself with each local council&#39;s planning applications and pipeline of infrastructure upgrades.

Often when money is invested in a suburb, it adds to the desirability of the area. Note that timeframes provided are usually only indicative, are often subject to planning approvals and may be subject to delays.

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<h2>Fringe suburbs of already popular neighbourhoods</h2>

Don&#39;t be afraid to extend your search radius. As populations grow, fringe suburbs are becoming more densely populated, and with more people comes more businesses, infrastructure upgrades and a thriving community.

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<h2>Well-thought-out master-planned communities</h2>

The development of a master-planned community gives an area an instant population boost.

A thoughtfully designed masterplan will also deliver active open space, additional schooling, retail and dining and healthcare.

Many master-planned communities will also have extra space for businesses to operate from &ndash; meaning you can work close to home.

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<h2>Decent public transport and motorway connections</h2>

Getting to and from the areas you spend most of your time socialising and working with ease is an important consideration when choosing a location to buy your first property.

Are you within close proximity to a reliable bus route?

Is there a park and ride near the train station, or is the train station within walking distance?

Is the property within easy access to a direct route motorway or freeway to the city?

If not, then check for any infrastructure upgrades planned for the area in future.

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<hr />
<h2>&nbsp;</h2>

<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="http://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

[smartcode_project:default project_id=93788 project_image_fid=186245]

<hr />
Important note: The information in this article is general information only and has been prepared without taking into account your personal circumstances. While every care has been taken to ensure the accuracy of the information, Urban cannot be held liable for any inaccuracies, errors or omission. 

The information in this article does not constitute legal, tax or financial advice and you should always seek professional advice before purchasing property in relation to your individual circumstances.

Often the coveted suburbs to buy a home are some of the priciest – which means first home home buyers limited by budget generally begin to look further afield to get on the property ladder. We've mapped out a few of the key features to look for in a burgeoning suburb.

How to pick an up-and-coming suburb to buy your first home

Buying a home within a well-curated masterplanned community can be a smart property purchase because with infrastructure upgrades comes future population growth, business and investment opportunities.

However, when selecting the right masterplanned community to call home, you want to ensure the developer facilitating the project knows what they&#39;re doing &ndash;&nbsp;as it&#39;s a significant undertaking.

With a proven track record of 50 years (and counting) of delivering significant multi-residential developments across Australia, many buyers place their trust in ASX-listed developer Mirvac.

Here are four Mirvac masterplanned communities that we believe pose a great opportunity for buyers in the current market:

<h2>One71 Baldivis, Western Australia</h2>

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Located approximately 30 minutes south of Perth* is Mirvac&#39;s master-planned community, One71 Baldivis.

Situated in a highly coveted area, you&#39;re about 10 mins from Rockingham Beach*, walking distance to Sheoak Grove Primary School and approximately a 3-minute drive to Baldivis Shopping Centre.

You&#39;ll be able to access the CBD via the Kwinana Freeway or enjoy exploring your own neighbourhood with the central Pump Park, perfect for weekend picnics and evening barbeques with friends and family.

<h2>Olivine, Victoria</h2>

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Olivine by Mirvac is a new community situated in Melbourne&#39;s north, in the heart of Donnybrook.

The thoughtfully designed masterplan seeks to encompass everything buyers are looking for &ndash; considered amenities, spacious homes and a home surrounded by nature.

Spend your days exploring the community or relaxing amongst the retained 200-year-old River Red Gum trees.

Olivine is Mirvac&#39;s largest estate in Victoria to date**, set on an expansive 187 hectares, with approximately 9 hectares dedicated to active open space for community use.

<h2>Georges Cove Residences, New South Wales</h2>

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Perfectly positioned within the established suburb of Liverpool is Mirvac&#39;s Georges Cove master-planned community.

You&#39;ll be within minutes from great local schools, restaurants and cafes. Accessing Sydney CBD is a breeze, with the M5 and major arterial roads nearby.

Within the community, you&#39;ll be able to enjoy making the most of the considered lifestyle amenities on offer, including a swimming pool and covered barbeque area, situated within stunning landscaped gardens.

You&#39;ve got bus services within walking distance in the area, and the Holsworthy Train is only about 3 kilometres away*.

<h2>Everleigh, Queensland</h2>

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Everleigh by Mirvac is an award-winning house and land estate situated in the heart of Greenbank, within Brisbane&#39;s fastest-growing south-west corridor.

With more than 37% of Everleigh dedicated to open space, residents will be able to immerse themselves in nature.

A state primary school and a neighbourhood centre are also part of the masterplan for the Everleigh Greenbank community*.

Located just 40 kilometres south of Brisbane CBD, Greenbank is a thriving community with plenty of local infrastructure and amenities for residents to enjoy, including Greenbank Shopping Centre nearby and parks, playgrounds and about 148 hectares of bushland and walking trails.

<h2>The Peninsula Burswood, Western Australia</h2>

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Enjoy riverside walks and cycle trails in your weeks, venture to Perth CBD in under 10 minutes and enjoy relaxing in your own urban oasis.

Mirvac&#39;s central masterplanned community, The Peninsula, encapsulates the ultimate inner-city living, with expansive parklands and spacious homes.

Live within a stone&#39;s throw to some of Perth&#39;s most sought after restaurants, world-class entertainment and catch a game or concert at Optus Stadium which is only a short stroll away.

<h2>Quay Waterfront Newstead, Queensland</h2>

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For the past two decades, Mirvac has been instrumental in shaping Waterfront Newstead as a coveted place to live alongside the Brisbane River.

Quay, is the exciting new chapter in the development story. With a collection of 1, 2, 3 and 4 bedroom apartments &ndash; with stunning views and intuitive layouts &ndash; there&#39;s truly something special for everyone.

You could start your day with yoga in the wellness centre or swimming laps of the skyline in the rooftop pool, spend your evenings catching the spectacular sunset from the rooftop terrace, drink in hand, or spend your weekends enjoying all the lifestyle offerings Newstead is renowned for.

<h2>Green Square, New South Wales</h2>

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Located approximately 4 km from Sydney CBD* and within walking distance to a train station is Mirvac&#39;s Green Square development. A selection of apartments and terraces are available for sale.

With environmental sustainability at the forefront of design, homes at Green Square will be the first multi-residential development to seek WELLV2 certification^.

<h2>Voyager, Victoria</h2>

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The 43-storey tower will become a signature landmark for Yarra&#39;s Edge in Melbourne&#39;s Docklands. Voyager is currently the tallest tower within the masterplanned precinct, offering some expansive views of the city skyline, with a selection of residences available for sale, including some with north-facing river frontage.

Yarra&#39;s Edge is an inner-city sanctuary, with approximately 3.7 hectares of open space and about 1,000 square metres of retail. Residents may also obtain access to the luxurious Wharf Club and Yarra&#39;s Edge Marina.

<hr />
&nbsp;

<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="https://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

[smartcode_project:default project_id=93788 project_image_fid=186245]

<hr />
&nbsp;

*Distances are approximate only and are calculated via the shortest route. Locations referred to are approximate only and may not be an accurate representation of the development. 

**Correct as at 1.08.2021. 

^Mirvac has registered with the International WELL Building Institute to seek WELLv2 certification for Green Square. However, WELLv2 certification for Green Square is not guaranteed. Mirvac and Landcom make no representations on whether certification will be obtained or the level of certification that may be achieved (i.e. Bronze, Silver, Gold or Platinum). If WELLv2 certification is achieved for The Frederick, certification will only apply to the residential components of The Frederick and will apply for 3 years from the date of certification. Mirvac and Landcom accept no responsibility should residents elect to recertify The Frederick after 3 years. Neither Mirvac nor Landcom will be responsible for the process or cost of recertification. Purchasers should refer to the Contract for Sale and should make their inquiries regarding recertification for the WELLv2. As part of the WELLv2 certification, Mirvac Green Square will be a smoke free building and will not permit smoking as well the use of e-cigarette within the building or residences. 

Important note: The information in this article is general information only and has been prepared without taking into account your personal circumstances. While every care has been taken to ensure the accuracy of the information, Mirvac cannot be held liable for any inaccuracies, errors or omission. The information in this article does not constitute legal, tax or financial advice and you should always seek professional advice before purchasing property in relation to your individual circumstances.

Buying a home within a well-curated masterplanned community can be a smart property purchase because with infrastructure upgrades comes future population growth, business and investment opportunities.

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