National developer&nbsp;<a href="https://www.apartments.com.au/developers/fortis">Fortis</a> is doubling down in Brisbane, filing plans for two new apartment developments in as many weeks.

Following their <a href="https://www.urban.com.au/news/qld/fortis-files-bowen-terrace-new-farm-apartment-plans">plans at New Farm</a>, Fortis, the development arm of Pallas Group, has sought to develop just 12 apartments at <a href="https://www.urban.com.au/new-apartments/53-racecourse-road-hamilton-qld-4007">53 Racecourse Road,&nbsp;</a><a href="https://www.apartments.com.au/developments/hamilton-qld-4007">Hamilton</a>.

Positioned on a prominent 1,205sqm corner site, the proposed four-storey development will contribute to the regeneration of the much-loved Brisbane high street.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada Architects</a>, the project features 12 generously sized two and three-bedroom residences with private basement parking, 528 sqm of ground-floor retail tenancies, and an expansive rooftop terrace for residents. The rooftop will be home to high-end amenities including a resort pool, hot spa, wellness facilities and lush landscaped spaces designed to foster connection and wellbeing.&nbsp;

<img alt="53 Racecourse Road, Hamilton" data-entity-type="file" data-entity-uuid="ceb83692-e7ee-4d14-b200-bc9c6242a08e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Racecourse_Hero_02.jpg?VersionId=S1TxSZd_CuhloZeGqWYNTziLXJU8CNqE" />

The architectural response draws inspiration from the area’s heritage, with brick detailing in the façade in tribute to local landmarks such as St Augustine’s Church. Extensive integrated planting will feature throughout the design, from the streetscape edges to planter-lined balconies, creating a strong visual connection to nature across every level of the building.&nbsp;

“This is an important site for Hamilton and Ascot. Racecourse Road is going through a massive revitalisation and we’re proud to be a part of that transformation,” said Dan Boman, General &nbsp;Manager – Queensland, Fortis.

“We’re fortunate to be working with one of the precinct’s most prominent corner sites, offering city and river views and a unique opportunity to create something truly special for the area. Rather than imposing a building onto the site, we’ve taken the time to &nbsp;understand the neighbourhood and create something that fits naturally into its local context.” &nbsp;

The development continues Fortis’ strategic focus on creating high-quality, design-led buildings that enrich communities and leave a lasting legacy. Inspired by successful placemaking initiatives such as Double Bay in Sydney, Fortis is applying the same principles of local integration and elevated living to its Brisbane projects.&nbsp;

This lodgement follows closely after Fortis submitted a DA for its 424 Bowen Terrace project in New Farm, a significant inner-city site set to be transformed into a premium residential offering.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/fortis-files-bowen-terrace-new-farm-apartment-plans">Fortis files Bowen Terrace, New Farm apartment plans</a>

Fortis strengthens Brisbane pipeline with second DA in two weeks, unveiling plans for a landmark mixed-use development in Hamilton. 

Joel Robinson

Fortis files doubles down on Brisbane, files boutique apartment plans on Hamilton's Racecourse Road

In a precinct defined by mid-rise apartments and mixed-use density, <a href="https://www.urban.com.au/developers/toga-group">TOGA</a>’s final Marriott Street Terraces offer a housing product increasingly rare in Sydney’s inner-city market - new-build, low-rise terrace homes with private outdoor space, individual street addresses, and secure parking.

The last three terraces within TOGA’s $450 million <a href="https://www.urban.com.au/buildings/surry-hills-village-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a> masterplan are now complete and represent the final chance to own in what has quickly become to go-to hospitality precinct in the whole of Sydney. All three are three-bedroom, three-bathroom residences with secure basement parking and direct street entry off Marriott Street.

The housing format diverges from the rest of the precinct’s product mix, more than 150 apartments delivered over multiple stages, by targeting downsizers and upsizers seeking house-like proportions without leaving the inner east.

[smartcode_project:default project_id=9302 project_image_fid=342094]

Designed by <a href="https://www.urban.com.au/architects/sjb-architects">SJB</a>’s Adam Haddow, the completed terraces reverse the traditional floorplan: bedrooms and landscaped courtyards are positioned on the ground level, while open-plan kitchen and living areas sit above street level.

Each home also includes a landscaped ground-floor courtyard, private outdoor terrace with built-in barbecue, cocktail bar, and statement kitchen with Sub-Zero and Wolf appliances.

Marriott St Terrace resident George Robinson, who recently moved into one of the completed homes, says the terrace offered a level of amenity and seclusion rarely found in new inner-city stock.

“It’s the perfect balance between the bustle of the city and the privacy found in Sydney’s inner suburbs," Robinson said.

[smartcode_project:default project_id=9302 project_image_fid=342096]

Positioned between Surry Hills and <a href="https://www.urban.com.au/developments/redfern-nsw-2016">Redfern</a>, the terraces sit just behind Wunderlich Lane, TOGA’s new hospitality and retail precinct anchored by Harris Farm and Olympus Dining, and within walking distance to multiple train stations and Crown Street.

TOGA Executive GM Paul Shaw says the homes have drawn interest from local buyers looking for low-maintenance alternatives to freestanding housing.

With no further residential releases planned in Surry Hills Village, the Marriott Street Terraces represent the final low-rise offering within the precinct. All three are now move-in ready.

[smartcode_project_cta:default project_id=9302]

Marriott Street Terraces at Surry Hills Village offer "perfect balance between bustle and privacy"

For Development Victoria, building sustainable homes isn't an option—it’s a baseline expectation for every new development. The State Government authority understands its role and responsibility in providing sustainable homes across Victoria.

In 2020, Development Victoria launched an overarching sustainability strategy, consolidating its previous efforts and setting new goals in line with state statutory policy obligations, industry best practices, and global trends.

"At Development Victoria, we’re taking action on climate change, with a strong and clear commitment to creating a sustainable future for our staff, the community, and all Victorians," Acting Group Head Housing, Niall Cunningham says.&nbsp;

"Our aim is to ensure we leave a strong legacy across all our work, through sustainable development and construction—and nothing less than best practice. Our homes are designed to be sustainable and affordable, giving more Victorians the opportunity to live where they want to be, without having to compromise on quality.”

[smartcode_project:default project_id=84641 project_image_fid=3224]

Each new housing project undertaken by Development Victoria begins with a strong focus on how to incorporate sustainable initiatives and features during the planning and design phase that provide benefit for the life of the home. The goal is always to deliver better homes for occupants, and to integrate sustainable elements into new homes in the most cost-efficient way possible.

The masterplanned community in Officer, called <a href="https://www.urban.com.au/new-townhouses/olio-officer-corner-of-bridge-road-and-coxon-street-officer-vic-3809">Olio</a>, is a prime example of Development Victoria’s forward-thinking approach to home building. Located in Melbourne’s South East Growth Corridor, Olio showcases a thoughtful approach to community development, placing long-term sustainability at the heart of its planning.

[smartcode_project:default project_id=84641 project_image_fid=3227]

The two-, three-, and four-bedroom homes in the second stage of Olio are designed to achieve a minimum 7-star NatHERS energy rating. All homes are fully electric, significantly reducing environmental impact compared to gas-powered alternatives - particularly in kitchens. Water is heated using energy-efficient heat pump systems that extract heat from the air, while double-glazed windows improve thermal efficiency year-round and reduce reliance on heating systems. Each home is equipped with a 3kW rooftop solar PV system to generate clean, renewable energy and lower electricity bills. A 15A isolator for EV charging is also pre-installed in every garage, future-proofing homes for electric vehicle use.

Development Victoria has also placed a focus on improving the natural environment surrounding Olio. The team has supported the revitalisation of Gum Scrub Creek, transforming it into a public green corridor that brings nature to the edge of Olio. A central neighbourhood park has also been created for residents to enjoy.

Over 90 homes have already been delivered in the first stage of Olio. Stage two is now underway by reputable townhouse builder Sienna Homes, the same builder responsible for the successful first stage.

[smartcode_project:default project_id=84641 project_image_fid=3226]

Olio is strategically located directly opposite Officer Station, providing direct train access to Melbourne’s CBD in just over an hour. It’s also within walking distance of the planned Officer Town Centre, which will introduce new retail and commercial services to the area in the near future. Local amenities such as One Centre Square - which features dining, medical, and fitness facilities - are already well-established nearby.

Development Victoria is guided by a mandate to deliver housing that balances affordability, quality, and sustainability—an approach that has shaped other landmark projects including Docklands, Fitzroy Gasworks, and Springvale.

The second stage of homes at Olio Officer are now selling, with prices starting from $500,000.

[smartcode_project_cta:default project_id=84641]

The second stage of homes at Olio Officer are now selling, with prices starting from $500,000.

Shaping a sustainable future: Development Victoria sets new standards in sustainability

There are few streets in Caloundra that offer the same combination of elevation, beach access, and town centre proximity as Bombala Terrace.

This ridgeline strip, running parallel to Canberra Terrace, has long been sought after for its dual-coast reach — flanked by Kings Beach to the east and Bulcock Beach to the west.

When the opportunity to develop along this dress-circle strip arose, Brisbane-based developer Dusk Group jumped at it.

They’ve recently launched <a href="https://www.urban.com.au/new-apartments/sunset-by-dusk-group-caloundra-5-7-bombala-terrace-caloundra-qld-4551">Sunset Caloundra</a> — a boutique project of just 36 apartments across a seven-level building, located less than 500 metres from both Kings and Bulcock Beach, as well as the vibrant retail and dining precinct on Bulcock Street.

The same 500-metre radius also encompasses the local bowls club, Bicentennial Park, two primary schools, and a network of low-traffic green spaces that stretch toward Happy Valley and Lions Park.

[smartcode_project:default project_id=148795 project_image_fid=346466]

For buyers prioritising walkability and mobility over car dependence, Sunset Caloundra offers a compact, pedestrian-friendly catchment. IGA Caloundra, the Kings Beach pool, and popular cafés like Lamkin Lane, Tides, and The Pastry Lab are all within 600 metres.

There’s convenient access to local event infrastructure as well — The Events Centre, Twilight Markets, and Kings Beach Amphitheatre are all regular fixtures on the calendar.

[smartcode_project:default project_id=148795 project_image_fid=346466]

Despite its profile as a lifestyle destination, Caloundra’s central core has retained much of its original civic structure. Schools — including Caloundra State School and Our Lady of the Rosary — remain embedded within residential zones, rather than pushed to the outskirts.

Local parks aren’t ornamental either; they’re well-used by the community and well-maintained. Healthcare services, including Caloundra Health Service and multiple GP clinics, are also within walking distance.

Sunset’s elevated position on the crest of Bombala Terrace allows for multi-directional view corridors. Apartments on higher levels will enjoy views across Bribie Island to the east and out toward the Glass House Mountains to the west.

MAS Architecture Studio has drawn from this natural setting in its material palette, which features sandstone, timber, and coastal whites — avoiding an overt "beachfront" aesthetic that the project doesn’t need to rely on.

[smartcode_project:default project_id=148795 project_image_fid=346473]

While Caloundra’s long-anticipated rail connection via the Sunshine Coast extension remains several years away, the area is already experiencing upward pressure from interstate migration and growth throughout the southeast. Private sector infrastructure investment is adding momentum, which naturally drives property values upward.

Dusk Group’s vision with Sunset isn’t about activating a fringe or unlocking an emerging corridor — the project sits squarely within a mature precinct that already balances laid-back coastal amenity with rising buyer attention.

For locals trading up or downsizing within the postcode, Sunset offers a familiar part of town. For out-of-area buyers, it’s the kind of tightly held submarket that typically trades off-market — until it doesn’t.

Dusk Group is expecting to commence construction of Sunset Caloundra in Q2 2025.

[smartcode_project_cta:default project_id=148795]

Sunset’s elevated position on the crest of Bombala Terrace allows for multi-directional view corridors

Sunset Caloundra epitomises the walkable beach lifestyle

Sekisui House Australia is set to unveil Summit &amp; Ridge, the fourth and most striking stage in its award-winning Sanctuary masterplan at Wentworth Point.

Launching next month, the two towers have been designed by both the London and Sydney studios of TURNER. They will rise 40 and 33 levels and comprise&nbsp;488 apartments.

Zac Petrovic, Project Director – Apartment &amp; Mixed-use Developments at Sekisui House Australia, said Summit &amp; Ridge represents the pinnacle of Sanctuary living with a very high calibre of design.

"We have observed a growing demand for larger apartments, particularly three and four-bedroom homes, driven by the needs of families. This stage is leading the way by introducing the first integrated childcare facility within the development. In response to this trend, we have expanded our offering of spacious residences in Stage Four.&nbsp; "

Petrovic says there is a growing interest from purchasers who are seeking a better lifestyle, superior design and the benefits of being part of a masterplanned community.

"Summit &amp; Ridge delivers all of these aspects and more. Spectacular water views and resort-level amenities featuring a swimming pool and outdoor seating areas will be showcased.”

<img alt="Sanctuary, Wentworth Point | Summit &amp; Ridge Release" data-entity-type="file" data-entity-uuid="48a2c3c2-6e26-4a28-b6cd-fc8e4d286772" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Phase%202_View%202.jpg?VersionId=xi.FIXSq1eN2HavDNRVDcUc655dHnDkV" />

Shewanna Mendis, Director at TURNER, said the design frames views, guides movement, and enhances the connection between nature and the city.&nbsp;

“Summit &amp; Ridge is a striking architectural marker, proudly standing between Sydney Olympic Park’s Millennium Marker, the foreshore park and water," Mendis said.

"Organic, petal-like forms define the towers, creating a sculptural presence that responds to its surroundings. As you move around them, the forms appear to dance, reinforcing a sense of place and individuality.”&nbsp;

A landscaped podium acts as a green spine between the towers, seamlessly connecting the architectural form to the natural environment and reinforcing the Sanctuary masterplan’s focus on ecological integration, but also offers residents an elevated garden experience.

“The spaces in between are just as important as the architecture itself. Summit &amp; Ridge is designed with people in mind, a place where city and nature converge, balancing vibrancy with tranquillity,” Mendis added.

Townhouses activate the street-level interface, bringing character to the precinct while offering a rare opportunity for low-density living within a high-rise community. The grand entry lobby, featuring double-height glazing and sculptural metal panels, creates a bold first impression and a seamless transition between the built form and the urban landscape.

<img alt="Sanctuary, Wentworth Point | Summit &amp; Ridge Release" data-entity-type="file" data-entity-uuid="88d36d4a-c6e9-4a5e-acfb-0b73592fca46" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Phase%202_View%203.jpg?VersionId=6T33R_QUHwJvfxNCsyBn4sXLdW_P76zM" />

Two interior schemes, Orchid and Poppy, offer buyers a choice between soft, serene tones or a more dramatic, expressive palette. Both are anchored in a carefully curated blend of mid-tone timber laminates, travertine-inspired surfaces, brushed metal accents, and soft loop pile carpets.

Summit will feature resident-only amenities on level 30, including a resort-style pool and sauna, while Ridge offers an outdoor cinema and a sunset bar and dining space on level 24. A 110-place childcare centre at the base of Ridge further supports growing families.

One-bedroom apartments start at $720,000, with two-bedroom homes from $1.045 million. Three and four-bedroom apartments will be released at future launches.&nbsp;

Nearby amenities include Marina Square Shopping Centre, Wentworth Point High School, ferry terminal, train station and the future Parramatta Light Rail. Construction is anticipated to commence in Q4 2025 and be completed by Q3 2028.

Every apartment is backed by Sekisui House’s 4 Gold Star iCIRT rating, a trusted mark of integrity, capability, and financial stability.

[smartcode_project_cta:default project_id=144917]

One-bedroom apartments start at $720,000, with two-bedroom homes from $1.045 million

Sekisui House Australia to launch Summit & Ridge at Sanctuary, Wentworth Point masterplan

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Urban Editorial

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

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

alisonwarters@gmail.com

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

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

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<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>

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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>

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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;

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<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>

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<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>

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&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.

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