Apartment buyers in New South Wales are set to gain a decade of insurance-backed protection against major building defects, after the NSW Parliament passed the Fair Trading and Building Legislation Amendment Bill 2026.&nbsp;

The Bill establishes decennial defect insurance, known in the market as Latent Defects Insurance (LDI), as an alternative to the existing two-year strata building bond. It cleared the Legislative Council with amendments on Tuesday evening (August 4, 2026), with the Legislative Assembly agreeing to those amendments shortly after.

Under the reform, eligible developers can satisfy their statutory bond obligation by taking out an approved decennial-style policy that gives owners 10 years of cover for major structural defects from completion, claimable directly, without first having to pursue developers or builders through costly legal action.&nbsp;

The change forms the final tranche of amendments arising from the 2021 statutory review of the Strata Schemes Management Act 2015 and related legislation.

Resilience Insurance, which originated the cover in Australia and has delivered it in NSW since 2022, welcomed the passage and credited the NSW Government for delivering it.

“This is protection apartment buyers have needed for a long time, and the credit for delivering it belongs to the NSW Government,”&nbsp;said Corey Nugent, CEO of Resilience Insurance.

“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into. Reform like this is what good, evidence-based regulation looks like.”

Resilience has delivered LDI in NSW since 2022, protecting thousands of apartments, giving the State, and now the country, real-world evidence of how decade-long, no-fault protection works in practice.

The reform also places NSW within a wider national shift.

NSW is the third jurisdiction to put decennial cover into law. The ACT legislated for it in 2024, with the scheme taking effect in late 2025, and Victoria passed its own framework on 17 June. Between them, the three cover the majority of Australia's apartment market.

The reform commences once the legislation is proclaimed, which is expected in the coming weeks. From that point, developers of Class 2 residential apartment buildings can meet their statutory obligation with an approved decennial policy in place of the bond.

Buyers who purchased into projects that took out the cover early are among the first in the country to take keys to apartments carrying decade-long structural protection.

“With the legislation passed, the focus now turns to making it work for buyers,”&nbsp;Nugent said.

“There are already thousands of apartments in NSW covered by this insurance, bought by developers who moved early. The question every buyer should be asking in a display suite is a simple one: does this building come with 10-year defect cover, and who stands behind it?&nbsp;

“We look forward to working with the Government and the Building Commission in coming weeks as the framework moves to implementation, and to sharing what we have learned over the past four years so the protection reaches owners as smoothly and quickly as possible.”

Other states are working through their own reform programs. Western Australia has indicated that decennial cover is within consideration a later stage of its reform sequence, and Queensland has been examining the settings as it looks at the development pipeline ahead of the 2032 Olympics.

Resilience Insurance acknowledges the NSW Government’s continued focus on strengthening consumer protection while supporting housing delivery across the State.

Fast Facts: What the reform means

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Proven at scale:&nbsp;Decennial cover has operated in NSW since 2022, protecting thousand of apartments.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">10 years of cover:&nbsp;Protection for major structural defects runs for a decade from completion, claimable directly and with no legal action required.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">An alternative to the bond:&nbsp;Eligible developers can meet their statutory obligation with an approved decennial-style policy in place of the 2% strata building bond.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Part of a national shift:&nbsp;The ACT has had decennial provisions in force since 2025 and Victoria passed its framework in June. NSW now joins them.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">No-fault, first resort:&nbsp;Owners corporations claim directly from the insurer without first having to establish who is liable for the defect.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost-competitive:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the 2% bond while offering broader, longer protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market position:&nbsp;Resilience originated LDI in Australia and has delivered it in NSW since 2022.</li>
</ul>

Fast Facts: What is Resilience LDI?

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Resilience Latent Defects Insurance (LDI):&nbsp;Covers major structural defects for 10 years from completion.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Consumer-first:&nbsp;Direct claim access, no need for lengthy legal action.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost advantage:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market leader:&nbsp;&nbsp;Resilience Insurance originated LDI in Australia and is the national market leader.</li>
</ul>

Joel Robinson

NSW parliament passes 10-year defect insurance laws for new apartment buyers

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> has wasted little time reshaping one of South Brisbane's most significant undeveloped apartment sites after acquiring the property earlier this year.&nbsp;

McNab has lodged plans to scrap an existing approval for two 30-storey towers and instead deliver a single 28-storey residential building, preserving part of the site for a future development opportunity.

The proposal, lodged over <a href="https://www.apartments.com.au/new-apartments/64-peel-street-south-brisbane-qld-4101">64 Peel Street and 9 Cordelia Street</a>, is for a residential-led mixed-use development comprising 124 apartments above a landscaped podium, alongside a boundary realignment that preserves part of the land for a future residential project.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="743bf564-3f8f-45fc-b8d3-bbf18f5b628f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20Peel%20st%20podium.png?VersionId=EhCxGrVn_VFH3qTbKnI4WppGwaMnOn0t" />

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a>, the development will deliver 119 two-bedroom and five three-bedroom apartments across 23 residential levels. A five-level podium will accommodate 135 car spaces, while the ground floor will include a 66 sqm commercial tenancy, an activated residential lobby with work-from-home spaces, and a publicly accessible landscaped plaza linking Cordelia and Peel streets.&nbsp;

Communal amenities will span Level 6 and the rooftop, including indoor and outdoor recreation spaces, a swimming pool, barbecue facilities, kitchen and dining areas, lawn space, sauna, steam room and yoga facilities.

The application also proposes a boundary realignment to create a standalone 1,290 sqm development lot while retaining an adjacent parcel for future redevelopment, allowing the balance of the site to contribute additional housing over time.

Hayball said the architecture has been shaped by the site's elevated corner position at the intersection of Peel and Cordelia streets and Brisbane's subtropical climate.

The design incorporates generous landscaped setbacks, a masonry podium wrapped with planting, large north-facing balconies, and a slender tower profile intended to maximise natural light, cross ventilation and long-range views. The rooftop has been conceived as a wellness-focused retreat overlooking Brisbane, with amenities positioned to capture views towards Mount Coot-tha and the CBD.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="c5f99e84-6ad8-4a87-82d1-869685b754d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20tower%20perspective.png?VersionId=Gw0IuJaSAlk.tvGBxInhZOcQAdIB..2b" />

The planning submission positions the proposal as a response to both changing market conditions and Brisbane's Kurilpa Sustainable Growth Precinct planning reforms.

McNab acquired the site after the previous approval was granted, with the existing scheme no longer reflecting current residential market demands, economic conditions, construction challenges, construction efficiencies or the quality of development outcome now being pursued, the planning report noted.

McNab continues to expand its residential development pipeline across Brisbane and the Gold Coast. The developer recently launched The Tannery in West End, securing more than 60 per cent of apartments before the project's public release. It is also delivering Elements Budds Beach in Surfers Paradise and Lucia Highgate Hill, an eight-apartment boutique development overlooking the Brisbane River.

McNab resets decade-old South Brisbane approval with 124-apartment tower

A steeply sloping Bellevue Hill site is set to accommodate a new mid-rise apartment development, with plans lodged for 20 homes that respond to the site's dramatic topography.

The proposal for the consolidated land at <a href="https://www.apartments.com.au/new-apartments/138a-140-bellevue-road-bellevue-hill-nsw-2023">138A-140 Bellevue Road</a> has been designed by Sydney architecture practice Common Office, which has used the site’s substantial fall to distribute the building’s scale and unlock 20 apartments without presenting the full height to the street.&nbsp;

“The unique design strategy leverages the site’s substantial topographical fall to facilitate increased density, presenting a seven-storey profile to Bellevue Road while rising to 10 storeys at the rear,” Common Office said in its architectural design report.

The apartment mix spans one, two, three- and four-bedroom residences. Four two-bedroom apartments are designated as affordable housing, while the plans also include two adaptable dwellings. The mix is majority three-beds, with the typical three-bed apartment offering around 144 sqm internally, with balconies of around 15 sqm.

The affordable housing component represents 15 per cent of the residential floor area and allows the project to access additional height and floor space under the NSW Government’s in-fill affordable housing provisions. The site also falls within the inner area of the Low and Mid-Rise Housing Policy because it is within 400 metres walking distance of Double Bay Town Centre.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="b1230d0f-3bfa-4a11-abaf-0928c66ef345" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da.png?VersionId=dZeMK3P.OutGjN8ycjsxm8uNsj_QFWQv" />

Common Office has arranged the building around a masonry podium and a lighter upper volume, drawing on two recurring elements of Bellevue Hill’s established architecture: sandstone bases and the vertical proportions of local Inter-war Art Deco apartment buildings.

“The proposal is governed by a holistic design language that reconciles the solid horizontal masonry of the neighbourhood’s podiums with the elegant verticality of its Art Deco heritage,” the architect said.

“The building maintains a consistent rhythmic logic utilising deep recesses and a sophisticated material transition to break down the 10-storey scale into a series of articulated, human-scale volumes.”

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="0147f503-1af1-4d51-97fb-c2f1cba63a9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20bldg.png?VersionId=GoW7q3NlK67OpnePXhk7zvklrlKb72Qc" />

Large-format sandstone tiles will define the lower levels, establishing a robust base that negotiates the change in elevation from Bellevue Road. Above, red-tinted precast concrete frames, recessed balconies, anodised aluminium screens and expanded metal details will create a more vertically expressed façade. Integrated planter beds will introduce greenery across balcony edges and recessed sections of the building.

The elongated northern façade has been divided into three recessed vertical masses to reduce its perceived length. Triangular window elements and metal privacy screens reference the geometry of nearby Art Deco buildings while controlling overlooking toward surrounding homes. The southern elevation will incorporate further privacy screening, landscaped edges and deep balconies to maintain light and ventilation.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="e8679cf1-18bc-4447-8a0f-0052b94ab83c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da%20rooftop.png?VersionId=5SQqQqRFf76rvE2p1TbxJSweMN70AIbc" />

Private and communal landscaping is distributed throughout the development. A landscaped garden apartment is positioned within the lower portion of the site, while a communal terrace on Level 5 will include a central timber deck, barbecue facilities, resident planting plots and areas for outdoor dining and informal gatherings.

Common Office described the terrace as an elevated sanctuary designed to capture district views and sunlight. Its planting strategy incorporates endemic species associated with the Eastern Suburbs Banksia Scrub, extending the landscape vertically through the building and providing habitat for local flora and fauna.

A second communal outdoor area is proposed at roof level, with built-in seating, paved gathering areas and perimeter planting.

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction. Positive Investment Enterprise is delivering the 16-apartment Kew Palm House on Birriga Road, while Chanine Developments is also under construction at Florian, a 36-apartment project on Banksia Road.

&nbsp;

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction.

First Look: Apartment development pitched for Bellevue Hill, Double Bay fringe

South Brisbane's apartment pipeline continues to build momentum, with <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a> lodging plans for a 161-apartment tower on Montague Road as developers accelerate investment across the Kurilpa Sustainable Growth Precinct.

The proposal for 176–186 Montague Road would replace an existing office building with a 20-storey residential tower designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, adding to a growing pipeline of high-density projects reshaping one of Brisbane's fastest-evolving inner-city precincts.

The project has been conceived as a "living building", featuring a flowing tower form, extensive vertical landscaping, and generous communal spaces that respond to the evolving Kurilpa Sustainable Growth Precinct.

TRK Property Group Development Director Matt Kan said the project reflected the confidence developers have in South Brisbane's long-term future.

"South Brisbane is entering an incredibly exciting period, and we see Montague Road sitting right at the heart of that evolution," Kan said.

"With the former Visy site directly opposite us and significant investment planned throughout the broader Kurilpa precinct, there is a real sense of momentum around this part of the city and what it will become over the coming years.

"For TRK, this is an opportunity to be part of that next chapter and deliver a project that responds to where the precinct is heading, while contributing to the continued evolution of Brisbane's river edge."

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="590fe1ad-f892-4446-a679-80e33a16d029" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20tower%20facade.png?VersionId=uOJStrcKpyHFcPE1w6_9SMAFzVMCcZll" />

The scheme includes a mix of one, two, three and four-bedroom apartments, incorporating multi-purpose rooms in selected residences to provide additional flexibility for home offices or expanded living areas. The proposed mix comprises 15 one-bedroom, 13 one-bedroom plus MPR, 73 two-bedroom, 26 two-bedroom plus MPR, 30 three-bedroom, and four four-bedroom apartments.

Rather than adopting a conventional rectilinear tower, COX Architecture has developed a sculpted form inspired by the movement of the Brisbane River.

"The proposal has been designed by COX Architecture as a 'living building' that responds to the site's riverine setting, floodplain history and evolving urban context within the Kurilpa Sustainable Growth Precinct," the planning report states.

"The architectural form draws from the fluid nature of the Brisbane River, with a curved and undulating tower form that creates a varied architectural edge and avoids a conventional rectilinear tower expression."

The podium has also been designed as an architectural feature rather than a conventional parking structure, with cascading planting, screening and natural-toned materials softening its appearance. Resident parking is elevated above ground level to address the site's flood constraints, while habitable apartments sit above flood planning levels. Upper-level communal facilities are designed to accommodate shelter-in-place arrangements during major flood events.

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="01fa15d0-90df-46c7-9555-7941fc45373c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20podium.png?VersionId=mHyua.w1pHGBt9qEdWzrlsv.leztUCwO" />

Communal amenity is a major focus of the proposal. Around 1,815 sqm of shared resident space is proposed across the ground floor, level 19 and the rooftop, including co-working areas, indoor and outdoor recreation spaces, wellness facilities, dining and gathering areas, lawn spaces, a rooftop pool and spa, and extensive landscaping. At street level, a landscaped forecourt and approximately 345 sqm of publicly accessible open space along Montague Road are intended to improve the pedestrian experience while activating the building's frontage.

The development will provide 163 car spaces, including 152 resident bays and 11 visitor spaces, together with 144 bicycle spaces incorporating resident storage, visitor parking, bicycle maintenance facilities and e-mobility charging infrastructure.

The site sits within one of Brisbane's fastest-changing inner-city precincts, less than two kilometres from the CBD and within easy reach of South Bank, West End, the Queensland Cultural Centre and extensive public transport connections. The Kurilpa Sustainable Growth Precinct planning framework is encouraging higher-density residential development to help meet Brisbane's housing supply targets while supporting walkable, transit-oriented neighbourhoods.

TRK Property joins South Brisbane apartment surge with Montague Road tower plans

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

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.

Staff Writer

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?

When buying an apartment, most people compare the big-ticket items first. Floorplans. Kitchens. Balcony size. Natural light. The view.

But there's one everyday consideration that often doesn't come up until after moving in: how parcels are delivered.

As online shopping has become part of everyday life, parcel deliveries have shifted from an occasional event to a regular occurrence. Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally.

For apartment residents, that can present a challenge.

If nobody is home to accept a delivery, parcels may be redirected to a nearby Post Office, left in a building lobby or common area, or require building management to step in. In higher-density buildings, where dozens or even hundreds of residents may receive deliveries each day, parcel management has become an increasingly important part of everyday living.

That can create a range of frustrations. A missed delivery often means making time to collect a parcel elsewhere, while packages left unattended in foyers or mail areas can create clutter and increase the risk of theft. What seems like a minor inconvenience can quickly become a recurring issue for residents who shop online regularly.

It's one of those details that rarely features in a display suite but can have a noticeable impact once residents move in.

As a result, buyers are beginning to look beyond traditional apartment features and consider how a building supports day-to-day convenience, including whether there are secure options for receiving deliveries.

Australia Post's Parcel Lockers provide one solution.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/CkF2oKmlACg?si=C50sDaoUUn2nuLmq" title="YouTube video player" width="560"></iframe>

Rather than having a parcel delivered directly to an apartment, eligible deliveries can be sent to a nominated Parcel Locker. Once the parcel arrives, residents receive a notification through the AusPost app or SMS and can collect it using a QR code or one-time PIN at a time that suits them.

The Parcel Locker network now includes more than 1,500 locations nationwide, with installations at Post Offices, shopping centres, transport hubs and an increasing number of residential developments. By providing a secure collection point, Parcel Lockers help reduce missed deliveries and avoid parcels being left unattended in common areas.

For developers, parcel infrastructure is becoming another way to improve the resident experience. Rather than relying on concierge staff or leaving parcels in communal spaces, secure collection points help streamline deliveries while preserving the presentation and functionality of shared areas.

For buyers, it's a reminder that the best apartment features aren't always the most obvious.

A generous floorplan or quality finishes might help narrow the shortlist, but the conveniences that simplify everyday life, whether that's EV charging, secure bike storage or reliable parcel delivery, often become the features residents appreciate most once they're living there.

The apartment feature many buyers don't think about, until their first missed delivery

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The prestigious Aria Restaurant premises – occupying the prized position overlooking Sydney Opera House – is for sale through Colliers agent Stephen Kovacs.
The information memorandum indicates the restaurateurs Matthew Moran and Peter Sullivan retain an ongoing 10-year lease, which was signed in 2009.
The vendors are well-known eastern suburbs property investors Greg Shand and Danny Goldberg.
It’s a two-level strata space in the Opera Quays precinct underneath the Bennelong Apartments on Macquarie Street.
<img src="/images/stories/aria1.jpg">
The current annual rental is put at $889,000, plus an envisaged $319,000 annual turnover rental given the estimated $14 million turnover.
The turnover rent is based on recent trading figures arising from an 8% turnover rental above $10.5 million turnover, and at 10% above $12.7 million turnover.
<img src="/images/stories/aria2.jpg">
After expenses its projected net income for the landlord is put at $1.01 million during 2012.
The main outgoings are $106,000 in strata levies, $42,000 in land tax and $39,000 in council rates.
<img src="/images/stories/aria3.jpg">
It comes with 694 square metres of space, with the bulk of it being its 577-square-metre mezzanine level.
Depreciation items have a written down value of $655,000.
Aria, which has a two coveted chef’s hats, has been trading since 1999.
Offers close March 6 with Stephen Kovac.
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Landlord lists Aria Restaurant premises, but the two-hatted chefs are staying put in the kitchen

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What is the best news Australian residential property owners and share investors have received in the first month of 2012? That mainland Chinese have not deserted the inner-city apartment markets of Sydney and Melbourne.
You will remember that last November, Chinese purchases of inner-Sydney and Melbourne apartments off the plan suddenly halved (<a target="_blank" href="https://www.propertyobserver.com.au/economy/the-sting-in-a-china-property-tale/2011112252489">The sting in a China property tale</a>, November 23).
The 2012 return of the Chinese to inner-city apartment buying will underpin the brighter figures we are seeing in the overall Australian dwelling market, as explained by Christopher Joye (Sydney housing streaks ahead of national market January 31).
Clearly the Chinese feared the severity of the funding squeeze back home, which made their Australian adventures so much more risky.
There was danger that if the squeeze on domestic China funding had gathered momentum, then the Chinese apartment downward trend would have accelerated, affecting the wealth of many Chinese property owners. 
Almost certainly that would have translated into further reductions in new Australian contracts. But if the China squeeze was severe enough, it might have also caused a large number of Australian partly-completed apartments – where the Chinese have paid 10% deposits – coming onto the market, because the Chinese walked away from the contracts as Australians did on the Sunshine Coast. And almost certainly, if events in China caused a pullback on Chinese buying of our apartments, then it would have also been reflected in much lower commodity prices as exports slowed. In turn that would have affected the share market. The man who exposed this danger, Australia's largest apartment developer, Harry Triguboff, says that while January is always a confusing month because there are two New Year celebrations, the Chinese are back in the Sydney market. Moreover, Sydney rental yields are rising. Australians were not major buyers of inner-Sydney apartments in 2011 but are now making inquiries. Triguboff says that another half a per cent fall in interest rates will bring Australians back in the market. Of course, while a half a per cent fall in the Reserve Bank’s official rate is on the cards for the first half of 2012, the turmoil in Europe has put the cost of overseas borrowing by the big banks above local Australian term deposit rates (<a target="_blank" href="https://www.businessspectator.com.au/bs.nsf/Article/Interest-rates-deposits-RBA-house-prices-Mike-Hirs-pd20120127-QVQZQ?opendocument">Don't bank on mortgage rate cuts</a>, January 27). That means that mortgage rates will not fall by the same amount as official interest rate falls. As I have pointed out before, the Australian government can borrow overseas close to two per cent below the rates banks pay so, if they want to, the Australian government can borrow and lend the money to Australian banks, lower Australian rates, and take a nice profit on the way. But the Chinese don’t need Australian money to buy apartments and they are beginning to understand that landlords in Australia gain a much greater yield than those in China.
This article originally appeared on <a href="https://www.businessspectator.com.au/" target="_blank">Business Spectator.</a>
For more on Chinese investment in Australian property, <a href="http://propertyobserver.com.au/ebooks/free-ebook-foreign-investment-in-australian-property-markets" target="_blank">download our free eBook.</a>
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Harry Triguboff says Chinese buyers back in Sydney market in January: Gottliebsen

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There is something a little asymmetric about the RBA's response to a period of expected high inflation and one characterised by, say, target (i.e., not even low) inflation. Once the RBA lifted the cash rate to “mildly restrictive” in late 2010, it continued to forecast serious inflation problems right out to 2013. It was quickly confronted with those inflation challenges in both the first and second quarters of 2011. As previously parsed here, it got the yips and decided not to touch its rates lever (having, by its own admission, teetered on the precipice just before the August board meeting). At the end of 2010, and all through the first half of 2011, the governor of the RBA, Glenn Stevens, told parliamentary inquiries and anyone who would listen that future rate hikes would be few and far between. Words to the effect: expect long pauses between each increment higher. This is what the financial markets were pricing, and he did not want to disavow anyone of it. As it happened, we got no upward movement at all. We will only really learn in 2012 whether the bank has presided over a second major policy-setting error – the first being the 2006-2008 episode – by getting behind the curve on consumer price pressures. When the RBA is forecasting, say, trend or slightly less than trend economic growth, and inflation at or near the mid-point of its 2% to 3% target band, it has not hesitated to cut interest rates pre-emptively, not once but twice, into unequivocally stimulatory territory. After almost every economic metric it referenced when it last met in December has improved, and 2011 core inflation has remained stubbornly in the top half of its target band (not the bottom half as many hoped), a third, consecutive rate cut in February would imply a highly reactionary and pre-emptive effort to ward off slight softness in the Aussie economy. At a time when Australia's unemployment rate remains at a stunningly low 5.2%. It would suggest to me that the RBA has an asymmetric double standard when responding to inflation. It finds it hard to get rates high enough when inflation rises given community and political resistance to restrictive rates and the extremely dovish complexion of its board, which is dominated by private sector business leaders. But it finds it awfully easy to cut rates at the first sign of a deceleration in inflation – because, of course, all these vested interests naturally embrace lower rates. Cutting rates is an easy thing to do. The test of a central bank, as the Bundesbank knows, is keeping rates where they ought to be in the face on assorted community pressures. Glenn Stevens and Phil Lowe: this, my friends, is your legacy to make or break.
Christopher Joye is a leading financial economist and a director of Rismark International and Yellow Brick Road Funds Management. The above article is not investment advice.
 
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February interest rate countdown: Is the RBA weak at the knees?: Christopher Joye

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Last month – yes it is February already! – the mainstream media ran headlines proclaiming that no jobs were created across Australia during 2011 and the result was the worst in 20 years.  No arguments there.  Our unemployment rate remains at 5.2%, but the participation rate fell as job seekers have given up the search for positions.
In addition, after holding staff levels steady for about 12 months or so, businesses are starting to lay people off.  So, too, is the public service.  But the real reason for the lack of job growth here has little to do with Europe or the global economy, and much to do with current government policies.
The modern award system under the Fair Work Act isn’t working.  In Queensland, regulation of retail trading hours is costing about 10,000 new jobs.  God knows what negative impact the carbon tax will have on job creation.
In addition, politics, rather than economics (yes, the more sceptical will say “what’s new?”), is motivating the federal government to get its budget back to surplus in time for the next election, which, in concert with softer tax revenues, requires public sector staff cutbacks.  There are way too many public servants for mine and I usually love a good PSC (public sector cull), but right now it is just adding to our woes.
And of course, there is the elephant in the room – a lack of leadership.  All parties are a joke.  There isn’t a statesperson amongst our current political set, Campbell Newman being the only exception.  Yes, I am biased, but really where is our Howard, Costello, Hawke or Keating?  It is too much to ask for another Menzies or Kennett?  I have a T-shirt with Howard’s face on it; underneath it says, “Missing me yet?”  Well maybe not exactly, but we definitely miss Howard’s budget surplus.
I remain hopeful that the world sorts out its mess and that we won’t enter a recession.  Investment in mining and energy projects is likely to keep our growth rate in the black.  But unemployment is likely to rise during 2012.  How far is uncertain, but as high a 6% isn’t out of the question.
We could improve our employment situation enormously and create many more jobs if we were to tackle our declining productivity, cut futile and costly regulations, abolish inefficient state taxes and embrace a much smaller government.
Official interest rates will now drop, and several times during 2012, but these might not work as well as they have done in the past.  Firstly, confidence is shot.  We need elections (and someone to believe in and vote for).  Secondly, the banks will dribble out only part of the cash rate cuts – they cannot afford to pass on all of the cuts.  Thirdly, we are saving more, due to economic uncertainty and our ageing demographic, so a drop in the savings bank rate is an income cut for many.  And finally, mortgage holders will use any cut in interest rates to help pay off their debt faster, so they will leave their repayments as they are.
Whilst we bemoan our flat job market, we can thank our lucky stars we don’t live in Europe, where unemployment is approaching 10% in many countries and is at 15% in places like Ireland.
The official labour force statistics make an interesting read.  Well, maybe that is taking it too far.  There are lots of anomalies and it pays to know what you are really looking at.  For example, Queensland’s unemployment rate, as at December last year, was 5.1%, which is down on the 2011 annual average of 5.5%, yet 1,300 jobs were lost during the year.
More enticing (yes, I am now pushing your interest to the limit) are the figures for the Gold Coast.  Unemployment across all of 2011 averaged 6.6% across the Goldie but was 4.6% by year’s end.  There were 7,100 jobs created across the entire Gold Coast last year, with 9,000 being created in the city’s southern flank and 1,900 lost across the northern suburbs.
Like all statistics, country, state or even regional averages don’t apply to every area.  Some places are always doing better than others.  It also pays to know that the ABS employment figures are based on place of residence and not place of remuneration.  The jobs “created” on the southern Gold Coast weren’t necessarily there.  More residents living there had jobs by year’s end.  Many actually work far away from the Gold Coast and commute.  Many now fly in/fly out of Coolangatta airport and work the mines.
Welcome to another new norm.
Michael Matusik is the director of independent property advisory Matusik Property Insights. Matusik has helped over 500 new residential developments come to fruition and writes the weekly  <a title="Matusik's Missive" target="_blank" href="https://matusikmissive.wordpress.com/">Matusik's Missive</a>.
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Unemployment is on the rise - welcome to the new normal

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Crown International Holdings Group enters the Year of the Dragon with ongoing projects that will generate apartments with an end value of more than $2 billion.
<img src="/images/stories/topryde.jpg">
Crown has also announced plans to set up a display pavilion in the heart of Sydney’s Chinatown later this year to better meet the needs of the Chinese community and visitors to Sydney.
Crown International Holdings chief Iwan Sunito says prospective buyers or investors will be invited to relax in very comfortable surrounds while they have the opportunity to converse with one of Crown’s international and multi-lingual sales consultants, who are fluent in a variety of languages including Indonesian, Korean, Mandarin and Cantonese.
<img src="/images/stories/topryde2.jpg">
“The vibrant and dynamic display pavilion will provide locals and international visitors with detailed information about the various Crown projects, as well as being able to experience a display apartment,” Sunito says.
“Crown understands it’s important to provide all of our clients with detailed information for each of our developments and we believe it’s important to provide this service in a person’s first language wherever possible.”
Crown Group’s signature Asian-inspired designs, which create private sanctuaries for residents to call home, continue to attract buyers from all around the world.
<img src="/images/stories/topryde3.jpg">
“Our properties are designed to incorporate principles of feng shui and the architectural features display a fusion of Asian influences.
“At Top Ryde City Living for example, residents can get some quiet time at the meditation platform, sit and read a book in the beautifully landscaped gardens, swim a few laps of the pool or head to the gym for some exercise or yoga”, says Sunito.
Crown Group’s $500 million Top Ryde City Living project, one of Sydney’s largest residential property developments, is currently being pre-sold, and Crown has launched marketing initiatives in Jakarta, Indonesia in 2011, with further roll-outs in Shanghai, China and Singapore planned for 2012.
<img src="/images/stories/topryde4.jpg">
Top Ryde City Living has been pre-approved by the Australian Government’s Foreign Investment Review Board to accept non-Australian resident purchasers, so foreign investors are assured there is no approval process required or uncertainty in being allowed to purchase.
Crown offers foreign investors a 5% rental guarantee for one year.
“We have had a great response to the first release of Top Ryde Living City with approximately 90% already sold and only 26 apartments remaining for sale in stages 1 and 2, which range from $500,000 for a one-bedroom plus study with car space to $875,000 for a three-bedroom plus study and two car spaces,” Sunito says.
The next launch will be in March with the release another 135 apartments, says Kym Rogers, head of sales and marketing.
For more on Asian investment in Australian property, <a target="_blank" href="http://propertyobserver.com.au/ebooks/free-ebook-foreign-investment-in-australian-property-markets">download our free eBook</a>.
 
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Crown Group seeks out Asian buyers for Top Ryde project

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<img src="/images/stories/darwin.gif">
Median unit price of $395,000, reflecting a 6% rental yield
 
<hr>
  
<img style="border-style: initial; border-color: initial;" src="/images/stories/brisbane.gif">
Median unit price of $375,000, reflecting a 5.6% rental yield
<hr>
 


<img src="/images/stories/canberra.gif">
Median unit price of $420,000, reflecting a 5.5% rental yield 
 
<hr>
 
<img style="border-style: initial; border-color: initial;" src="/images/stories/sydney.gif"> 
Median unit price of $445,000, reflecting a 5.2% rental yield
 
<hr>
 
<img style="border-style: initial; border-color: initial;" src="/images/stories/perth.gif">
Median unit price of $395,000, reflecting a 5.2% rental yield


 
<hr>
<img src="/images/stories/hobart.gif">Median unit price of $275,000, reflecting a 5% rental yield
 
<hr>
<img src="/images/stories/adelaide.gif"> 
 Median unit price of $320,000, reflecting a 4.7% rental yield 




 
<hr>
<img src="/images/stories/melbourne.gif"> 
Median unit price of $425,000, reflecting a 4.3% rental yield




 
<hr>
<img src="/images/stories/allcapitals.gif"> 
Median unit price of  $420,000, reflecting a 5.1% rental yield
 
The RP Data-Rismark median price is based on settled sales over the December 2011 quarter. Indicative rental yields are as at December 2011.


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Residential investment property: Capital city unit rental yields from best to worst

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<img src="/images/stories/darwin.gif">
Median house price of $490,000, reflecting a 5.6% rental yield
 
<hr>
 


<img src="/images/stories/canberra.gif">
Median house price of $535,000 reflecting a 5% rental yield
 
<hr>
<img src="/images/stories/hobart.gif"> 
Median house price of $340,000 reflecting a 5% rental yield 


 
<hr>
 
<img src="/images/stories/brisbane.gif">
Median house price of $435,000 reflecting a 4.8% rental yield


 
<hr>
<img src="/images/stories/sydney.gif"> 
Median house price of $535,000, reflecting a 4.5% rental yield


 
<hr>
 
<img src="/images/stories/perth.gif">
Median house price of $465,000, reflecting a 4.5% rental yield

 
<hr>
<img src="/images/stories/adelaide.gif"> 
 Median house price of $385,000, reflecting a 4.3% rental yield 


 
<hr>
<img src="/images/stories/melbourne.gif"> 
Median house price of $485,250, reflecting a 4% rental yield


 
<hr>
<img src="/images/stories/allcapitals.gif"> 
Median house price of  $470,000 reflecting a 4.4% rental yield
 
 
The RP Data-Rismark median price is based on settled sales over the December 2011 quarter. Indicative rental yields are as at December 2011.


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Residential investment property: Capital city house rental yields from best to worst

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Melbourne and Brisbane have assumed the “mantelpiece” of Australia’s poorest-performing capital city housing markets, according to RP Data senior research analyst Cameron Kusher.
The December Rismark-RP Data Hedonic house price index shows that Melbourne dwelling values are down 6.1% for the year and the same amount from their end of 2010 peak, while Brisbane values are down 6.8% for the year and 8.7% from their end of 2007 peak.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/rpfeb1large.gif"><img src="/images/stories/rpfeb1.gif"></a>
Kusher says both markets are now undergoing corrections after extended periods of capital growth.
“Melbourne had a very good run between 2007 and the middle of this year,” Kusher told the Australian Financial Review.
“We are seeing values in Melbourne declining fairly quickly. We expect the market to remain soft over the next 12 months, if not longer.”
Kusher says while the rate of decline in Brisbane has slowed somewhat, “dwelling values have not done much since the end of 2007, when values increased that year by about 35%”.
“Much like Perth did, Brisbane is undergoing a correction,” Kusher says.
Sydney was the strongest housing market in 2011, with values down just 0.3%, and Kusher tips Sydney to continue to be the best-performing market in 2012.
“[In Sydney] there are still problems with getting new supply out of the ground. There is still strong demand, even though population growth has slowed across the board – a lot of people are still moving to Sydney,” Kusher says.
According to Kusher, Perth has undergone something of a turnaround in the last quarter of 2011 and is now no longer performing worse than the Brisbane, as it has during the last four years.
Kusher also provided some insights into the oft-neglected Adelaide market, which saw a 0.1% drop in dwelling values in December and a moderate 2011 decline of 4.4%.
“The Adelaide market is fairly flat… The market tracks fairly closely what is going on in other capital city markets,” he says.
Taking a look at the market as a whole, Kusher says there is unlikely to be much property value growth over 2012.
“There may be some slight growth if we get further interest rate cuts but any growth will be below the rate of inflation,” he says.
“A market like Sydney will continue to plod along quite well comparatively speaking and later in 2012 we will start to see some improvement in the Brisbane market.
“[Overall] the performance of the housing market in 2012 will be slightly superior than 2011.”
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Melbourne's housing price softness to remain in 2012: RP Data

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It looks like the Australian housing market will be a “tug-of-war” this year with low interest rates pulling hard on one end of the rope and economic uncertainty joining forces with subdued prospects for economic, income and employment growth at the other. 
I expect the economic side of the equation to win out in the near term, influenced in the first half of 2012 at least by continuing global financial turbulence. This is likely to cause the RBA to drop interest rates once or twice in the first half of the year, and this should underpin our property markets. 
However, renewed economic strength is likely to return in 2013, and with it higher interest rates. 
Among all the bad news, there is always good news…
 
While I can see value of some properties falling further in the first half of this year (2012 is likely to be another bad year for top-end and holiday property), prices have stabilised in some suburbs and they haven’t stopped rising in others – in particular Sydney’s inner-suburban market.
What’s ahead? 
The long-term trend of our property markets is fuelled by the fundamentals of supply and demand (and this will be driven by our population growth) and our ability to pay more for housing (which will be underpinned by a nation that is going to become wealthier as the resources boom takes hold.) 
However in the short term, market sentiment will affect our property markets, as it always does. 
Last year ongoing economic uncertainty, the worry of rising interest rates for much of the year, decreasing affordability and political uncertainty were a volatile mix that stalled the property markets. 
So here are the factors that will affect our property markets that I’m going to watch out for this year. 
1. The European situation.
Every time it seems that our friends in Europe have reached agreement on a deal to solve their problems another bogeyman jumps out from the shadows.
If the European Union breaks up or the region slumps into a prolonged recession, the consequences could be:
<ul>
<li>A further dampening of general business and consumer confidence</li>
<li>A knock-on effect to other economies including the US and China, which both export a significant amount of goods to Europe. The eurozone only accounts for less than 10% of Australian exports, but we could be affected by the impact on our trading partners in Asia.</li>
<li>Effects on the global financial system. It is possible that it will be more difficult to get loans from Australian banks because international inter-bank lending could freeze up as it did at the beginning of the GFC. </li>
</ul>
What this means is that now may be a good time to top up your financial buffers while you can, even if you don’t intend to buy more properties this year. 
Topping up your line of credit shouldn’t cost you anything, and of course you don’t pay interest on your unborrowed limits. 
Wise investors use these lines of credit to buy themselves time. Maybe that’s what you need, just in case 2012 pans out to be a difficult time for Aussie banks. 
2. A slowing in China 
China’s growth and its requirement of our resources have bolstered the Australian economy. 
China’s economy is slowing down now and catching its breath, and this won’t be helped if Europe falls into recession. 
By the way, it looks like the US is turning around and should strengthen over the year (with a US election looming), however unforeseen global events could slow the US economic recovery. 
3. Interest rates
Interest rates are likely to remain low worldwide, and I expect the Reserve Bank to try and bolster both consumer and business confidence by dropping interest twice more in the first half of this year. 
This plus flat property prices should underpin housing affordability and put a floor under property prices. 
One question many are asking is: will the banks pass on all of these rate cuts? 
4. Inflation
One of the reasons the Reserve Bank lowered interest rates is because inflation sat within its “safe range”, and local inflation should again remain under control for much of next year. 
However, our improving economy and the ongoing resources boom may cause inflation to take off again over the next few years, which could make things more difficult to live with if you’re in the “low-speed” non-mining part of the economy. 
The time may come to lock in some of your loans and take advantage of fixed interest rates when they are historic low levels. 
It may also be a good time to get set for the next stage of the economic and property cycle and buy the right type of property – one that will be a good hedge against inflation. 
5. Watch out for the X factor
Many years ago I learned from economist Don Stammer that we need to allow for an X factor: the big influence that had not been generally predicted or allowed for but that comes out of the woodwork and has a marked effect on the economy and our investment markets. 
This means I’m going to allow for uncertainty and surprises throughout the year. 
What does all this mean?
There’s no sugar-coating it: last year most of Australia was in the slump stage of the property cycle, but this year the cycle will move on, as it always does. And the next stage is the stabilisation phase of the cycle.
<img src="/images/stories/yardneygraph.jpg">
You see, the markets don’t move directly from the downturn phase to a property upturn. There is a period of time where buyers return and take up the slack before prices start rising. 
And I expect more buyers to return to the market this year when they realise prices won’t fall any further. 
By the way, the stabilisation phase is a great time for savvy investors to get set for the upturn stage of the cycle.
 
This year may be a good time to buy property – I have always found it a good time to buy when everybody tells you that property is a bad investment. Now is the time to get set for the future. 
Michael Yardney is the director of <a href="https://www.metropole.com.au/">Metropole Property Investment Strategists</a> , a best-selling author and one of Australia's leading experts in wealth creation through property. He also writes the <a href="https://www.propertyupdate.com.au/">Property Investment Update</a> blog.
For more forecasts for 2012, <a target="_blank" href="http://propertyobserver.com.au/ebooks/free-ebook-property-forecasts-for-2012">download our free eBook</a>.
 
 
 
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What 2012 has in store for Australia's property markets

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<table width="341" cellpadding="0" cellspacing="0" border="1"></table>
<table width="341" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="bottom" nowrap width="101">
Postcode
</td>
<td valign="bottom" nowrap width="101">
Suburb
</td>
<td valign="bottom" nowrap width="139">
Median unit price
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2600
</td>
<td valign="bottom" nowrap width="101">
DEAKIN
</td>
<td valign="bottom" nowrap width="139">
$785,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2600
</td>
<td valign="bottom" nowrap width="101">
YARRALUMLA
</td>
<td valign="bottom" nowrap width="139">
$784,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2602
</td>
<td valign="bottom" nowrap width="101">
AINSLIE
</td>
<td valign="bottom" nowrap width="139">
$725,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2603
</td>
<td valign="bottom" nowrap width="101">
FORREST
</td>
<td valign="bottom" nowrap width="139">
$700,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2600
</td>
<td valign="bottom" nowrap width="101">
BARTON
</td>
<td valign="bottom" nowrap width="139">
$600,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2605
</td>
<td valign="bottom" nowrap width="101">
GARRAN
</td>
<td valign="bottom" nowrap width="139">
$542,500
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2607
</td>
<td valign="bottom" nowrap width="101">
ISAACS
</td>
<td valign="bottom" nowrap width="139">
$522,500
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2605
</td>
<td valign="bottom" nowrap width="101">
HUGHES
</td>
<td valign="bottom" nowrap width="139">
$515,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2611
</td>
<td valign="bottom" nowrap width="101">
DUFFY
</td>
<td valign="bottom" nowrap width="139">
$498,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2612
</td>
<td valign="bottom" nowrap width="101">
TURNER
</td>
<td valign="bottom" nowrap width="139">
$485,000
</td>
</tr>
</tbody></table>
Source: RP Data
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