Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

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?

Castle Hill is set to welcome the arrival of its newest residential resort, with Bridgestone Project's Château Showground set to welcome its first residents in September.

The development has been met with solid demand, with 70 per cent of the 296 residences sold. Prices start from $646,000 for the remaining one-bed units, which includes a separate study space, and $859,000 for the two-bedroom apartments.

The three-bedrooms are priced from just over $1 million.

[smartcode_project:default project_id=13888 project_image_fid=159884]

Château Showground will be one of the earliest projects completed in the transformation of the Showground Precinct, which has been a popular spot for buyers since development was given the green light by the NSW Government to allow for residential apartment projects.

Chateau's architectural design combines elegance and functionality to create an unparalleled living experience, with PTW Architects handling the design of the residences.&nbsp;

With options including single-level and two-storey apartments, residents can choose the layout that best suits their preferences and needs.

[smartcode_project:default project_id=13888 project_image_fid=159888]

Situated just 250 metres from the Showground Metro Station, residents will have easy access to public transportation, enabling seamless connectivity to the wider region.

Resident's will also benefit from the resort's rooftop terrace, complete with an infinity pool, overlooking the nearby surroundings, along with barbecue facilities, alfresco dining space and a Zen garden.

[smartcode_project:default project_id=13888 project_image_fid=159883]

There'll also be a state-of-the-art gym available, equipped with top-of-the-line equipment and facilities, in addition to an outdoor cinema.&nbsp;

With all the terrace and townhome options already sold out, prospective buyers are still able to purchase either a one, two or three-bedroom apartment in Chateau.&nbsp;

The one-bed options include separate study space, with prices from&nbsp;$646,000. The two-bedders are priced from&nbsp;$859,000, while the three-bedroom options begin from just over $1 million.&nbsp;

[smartcode_project_cta:default project_id=13888]

The development has been met with solid demand, with 70 per cent of the 296 residences sold

Move in to Castle Hill's Château Showground September this year

Hurstville, a thriving suburb located just 16 kilometres from Sydney's CBD, is continuing its transformation through high-density residential projects.

Developer Fridcorp recently took the wraps off Beyond, their four-tower project on Forest Road.

Designed by award-winning architects DKO and Woods Bagot, the project offers a range of brand new one, two, three-bedroom apartments that are ready for occupancy.&nbsp;

[smartcode_project:default project_id=6798 project_image_fid=214102]

Beyond offers an extensive array of indoor and outdoor multi-functional amenity spaces, including a meditation deck, a communal barbecue area, private gardens designed by 360 Degrees, a well-equipped gym and sauna.

Beyond also homes a laneway retail precinct, boasting a recently opened Woolworths and BWS, with&nbsp;upcoming cafes, retail shops, and dining options set to enhance the community atmosphere. This integrated retail space ensures residents have easy access to everyday essentials and a variety of conveniences right at their doorstep.

Security and pet-friendliness are also prioritised in Beyond. Residents can enjoy peace of mind with the building's secure features, and pet owners will appreciate the pet-friendly environment that welcomes their furry companions.

[smartcode_project:default project_id=6798 project_image_fid=214111]

Inside the apartments, open-plan living takes centre stage. The residences feature Wellness Systems, including air purification, water filtration, and circadian lighting, coupled with&nbsp;Oak timber flooring adds a touch of elegance while providing low-maintenance living.

The full kitchens are complete with SMEG appliances, while the Fridcorp custom bar, featuring brushed brass finishes, adds a touch of sophistication to the living space.

The bedrooms feature mirrored built-in robes, high ceilings, and full-height windows, creating a sense of space and luxury, coupled with bathrooms with bathtubs and separate internal laundries.

[smartcode_project:default project_id=6798 project_image_fid=214097]

The strategic location of Beyond ensures residents can enjoy the quintessential Sydney lifestyle. With Allawah and Hurstville train stations in close proximity, commuting to the CBD is a breeze, with just a 19-minute express train ride.

The heart of Hurstville and Westfield Shopping Centre, which offers a wide range of retail brands and dining experiences, is within a short walking distance, with residents also set to benefit from the open spaces of Kempt Field Park, situated right next to the development.&nbsp;

Prices at Beyond starting at $610,000 for a one-bedroom apartment, $845,000 for two-bedroom unit, and $1.31 million for three-bed apartments.&nbsp;

[smartcode_project_cta:default project_id=6798]

Designed by award-winning architects DKO and Woods Bagot, the project offers a range of brand new one, two, three-bedroom apartments that are ready for occupancy

Beyond by Fridcorp delivers brand new apartments to Hurstville 

The ASX-listed Mirvac has officially topped out the main structures of three residential apartment buildings at Green Square in Sydney’s Zetland, signalling the near completion of 311 new homes as part of one of the largest urban renewal projects in Australia.

They simultaneously topped out&nbsp;The Frederick, Portman on the Park, and Portman House,&nbsp;which have a combined construction value of over $210 million.

Over 80% of the apartments are already sold, to a mix of owner occupiers, young first home buyers and investors.

Mirvac CEO Development Stuart Penklis said the completion of the three buildings forms a significant milestone for the ongoing evolution of Green Square from one of the city’s oldest industrial suburbs to Sydney’s first new town centre in more than a century.

"The new community we are delivering in partnership with state and local government at Green Square has already contributed homes for over 1,000 residents, and these three new apartment buildings will see a further 685 residents calling the precinct home by the end of 2023," Penklis said.

[smartcode_project:default project_id=109956 project_image_fid=186239]

“On completion, Mirvac will deliver more than 1,600 apartments in Green Square, along with state-of- the-art office and vibrant retail spaces, and substantial public spaces within the Green Square Town Centre.

"The precinct is close to public transportation, healthcare, education, and community services and promotes social inclusion and diversity and fosters a sense of community among its residents."

Penklis said&nbsp;Green Square is a great example of government and industry coming together to not only generate more places close to the city for Sydney-siders to call home, but also foster a community that will meet the needs of its residents for years to come.

"This commitment could not be more important as we play our part in resolving the most significant housing crisis of our generation.”

[smartcode_project:default project_id=30049 project_image_fid=162884]

Green Square by Mirvac has been coming to life for over nine years, and the precinct is now home to a library and Civic Plaza, as well as the 6,200 sqm Drying Green, Gunyama Park Aquatic and Recreation Centre, Green Square train station, Joynton Avenue Creative Centre, Goodstart Waranara Early Education Centre and over 40 parks.

The Green Square Public School, which will cater to 600 primary students, commenced construction in August 2022.

Landcom, the NSW Government's land and property development organisation, and Mirvac began working together on the Green Square urban renewal project in 2012. In October 2020 Mirvac began acquiring Landcom’s ownership of the future stages of Green Square Town Centre.

[smartcode_project:default project_id=100811 project_image_fid=162907]

Lord Mayor of Sydney, Clover Moore, said the $13 billion Green Square precinct renewal was one of the City’s greatest challenges, but also one of their greatest successes. By 2030, it will have 70,000 residents and 22,000 workers and will still be growing.

“Safe, secure and affordable housing for essential workers and for those on low and very low incomes is essential for a cohesive and economically successful city," Moore said.

“Mirvac’s Green Square mixed-use apartment complex is the result of a design competition which resulted in four buildings containing more than 300 homes and retail spaces and a contribution to affordable housing."

The Frederick is the tallest of the trio of buildings at 23 levels. That has been designed by Smart Design Studio in collaboration with Mirvac Design and will home 151 apartments with views of the Sydney CBD.&nbsp; It is also home to a resident only Business Studio, a Wellness Studio, and Sky Lounge, a bookable private dining space exclusive for residents and their guests.

[smartcode_project:default project_id=109956 project_image_fid=186227]

The Portman Collection comprises Portman on the Park and Portman House and was designed by certified carbon neutral architectural practice CO-AP in collaboration with Mirvac Design.

Portman on the Park includes 116 apartments, many with dual aspect views of Sydney’s CBD and the Drying Green, which maximise the free flow of air and capture natural light. Portman House is a boutique offering of 44 apartments across 12 levels, just four apartments per floor.

Mirvac has also started construction on the nearby Portman St Terraces, designed in collaboration with Smart Design Studio.

[smartcode_project:default project_id=100811 project_image_fid=162900]

Drawing inspiration from the surrounding traditional Victorian terraces, these seven, contemporary spacious homes feature open plan living, four bedrooms, rooftop entertaining deck, courtyards and flexible family room.

Mirvac CEO Development Stuart Penklis said the completion of the three buildings forms a significant milestone for the ongoing evolution of Green Square from one of the city’s oldest industrial suburbs to Sydney’s first new town centre in more than a century.

Mirvac tops out three Green Square apartment projects

Downsizers Henry and Sandra share why they decided to purchase their new home at Aura by Aqualand in North Sydney.

Watch the video to learn more:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/c3M4azLt5yg" title="YouTube video player" width="660"></iframe>

<h2>AURA AT A GLANCE</h2>

Address:&nbsp;168 Walker Street, North Sydney 
Developer: Aqualand 
Architect:&nbsp;<a href="/architects/woods-bagot">Woods Bagot</a>

[smartcode_project_cta:default project_id=30959]

BUYER TESTIMONIAL: How Sandra and Henry found their dream home at Aura by Aqualand in North Sydney

Spring Square, the latest residential development by Poly, offers a unique and enticing lifestyle for its fortunate residents.

With an array of thoughtfully designed communal spaces and walkways, Spring Square fosters connectivity and recreation while providing an oasis within the bustling urban landscape. Boasting a range of amenities and an inviting ambiance, this master-planned community is set to redefine modern living in Bankstown.

Spring Square presents residents with an assortment of communal spaces across multiple levels, with the areas catering to the diverse needs and desires of its residents, ensuring a harmonious blend of connectivity and recreation.

[smartcode_project:default project_id=7054 project_image_fid=47629]

One of the standout features of Spring Square is the through site link steps that traverse the development, serving as its iconic landmark. Not only do these steps provide access to both sides of the precinct, but they also serve as a meeting point for residents to socialise and foster a sense of community. This spine-like feature truly embodies the spirit of Spring Square, connecting its residents to the wider community in a unique and inviting manner.

The gardens within Spring Square are a vibrant and diverse playground for all its residents. Lush green lawns and native trees create a serene environment that seamlessly integrates with the surrounding natural beauty. These open spaces offer the perfect backdrop for outdoor activities and relaxation, encouraging residents to unwind and connect with nature.

The outdoor barbecue and kitchen spaces provide opportunities for residents to indulge in alfresco dining and create lasting memories with family and friends. Interspersed throughout the gardens are seating nooks that offer peaceful spots to relax, read a book, or simply enjoy the surroundings. Spring Square's outdoor amenities cater to a wide range of interests, ensuring that there is something for everyone to enjoy at any time of the week.

[smartcode_project:default project_id=7054 project_image_fid=47632]

Upon entering Spring Square, residents and visitors are greeted by truly impressive lobbies that exude an air of luxury and sophistication. The grand ceilings, detailed bronze textures, and warm lighting combine to create a welcoming atmosphere reminiscent of a boutique hotel.&nbsp;

The development offers one, two, and three-bedroom apartments with a variety of configurations to suit individual preferences. Prices for a one-bedroom apartment start at $445,550, while a one-bedroom apartment with a car space is priced from $505,550. Two-bedroom apartments are available from $686,650, and three-bedroom apartments, featuring two bathrooms and two car spaces, are priced from $902,000.

Westbourne Constructions are well underway with building Spring Square, with completion slated for later this year.&nbsp;

[smartcode_project_cta:default project_id=7054]

Spring Square presents residents with an assortment of communal spaces across multiple levels, with the areas catering to the diverse needs and desires of its residents, ensuring a harmonious blend of connectivity and recreation.

Spring Square by Poly: A haven of amenities and community connectivity

Diversified Australian property developers Conquest is nearing a sellout on their completed Burwood development, La Luna Residences.&nbsp;

The group have sold 95 per cent of apartments in the 18-level building on George Street.

Only a handful of two-bedroom apartments remain, which start from $995,000. They span 80 sqm and each have two bathrooms and a car space.

[smartcode_project:default project_id=6552 project_image_fid=209909]

Conquest had&nbsp;Luis La Pegna led the design of La Luna, where&nbsp;sophisticated and elegant selections of materials have been incorporated throughout.&nbsp;

Functionality is at the forefront of the design, with open plan&nbsp;dining and living zones flowing seamlessly onto main balconies, providing views to the city skyline and CBD.&nbsp;

The apartments also feature internal laundries, concealed and inbuilt to maximise on space and practicality, along with linen storage and study space.&nbsp;

Nestled in the heart of the inner-city suburb, La Luna Residences benefit from having the diverse cultural offerings Burwood is renowned for right on their doorstep.&nbsp;

[smartcode_project:default project_id=6552 project_image_fid=202005]

La Luna not only provides convenient walk-through access to the retail on offer at Westfield Shopping Centre, but sits on the cusp of the suburb's&nbsp;restaurant district, which is home to Burwood's own Chinatown as well as&nbsp;Crowne Plaza Sydney Burwood.

Conquest certainly hit the sweet spot when choosing the site for La Luna as residents also benefit from convenient transport links as well.&nbsp;

Within 250-metres there's Burwood Train Station, making commuting into the city, which is just 12-kilometres away a breeze, while there's also a number of bus stops nearby.&nbsp;

Residents will soon to benefit from the proposed Burwood Metro Station which is set to be constructed just a short stroll away from La Luna.

[smartcode_project_cta:default project_id=6552]

Conquest had Luis La Pegna led the design of La Luna, where sophisticated and elegant selections of materials have been incorporated throughout. 

Conquest's La Luna apartments in Burwood approach sellout

The luxury waterfront development Azure is nearing completion, with construction set to conclude in the last quarter of this year.

Developed and built by renowned developer/builder DASCO, Azure offers a collection of 39 oversized apartments.

Situated on the exclusive Point Frederick peninsula, the Central Coast's waterfront sanctuary has attracted buyers seeking a laidback luxury lifestyle that's just over an hours drive from both Sydney and Newcastle, with Azure providing residents with a front-row seat to the views of Brisbane Water.

[smartcode_project:default project_id=106726 project_image_fid=194846]

Azure's prime location strikes the perfect balance between tranquility and accessibility. Situated in proximity to the Central Coast Stadium and public transport options, residents can easily enjoy the region's attractions and have convenient connections to neighbouring cities.

Highlighting just how sought after the project has been, George Brand Real Estate and&nbsp;Whome Group who are marketing the project, have sold over 92 per cent of the apartments so far.

DASCO engaged PRODOC Architects to design Azure, which has been crafted with expansive proportions and high quality finishes.&nbsp;

Residents can indulge in resort-style facilities, including an outdoor pool, a shady gazebo, landscaped alfresco areas and a fully equipped gym.

[smartcode_project:default project_id=106726 project_image_fid=194849]

Azure also incorporates the latest technological advancements, with the apartments featuring smart home automation, allowing homeowners to control various aspects of their living spaces effortlessly. From the comfort of their own apartments, residents can operate the ducted air-conditioning, remotely control the roller blinds, and enjoy the energy-efficient LED downlights and light strips.

Residents will benefit from video security intercom and full access control, while solar panels are set to power the common area lighting, contributing to an environmentally friendly and sustainable living environment.&nbsp;

All the two and four-bedroom apartments have been sold in Azure, with just 133 sqm, three-bedroom floorplans remaining, priced from&nbsp;$1.16 million.

[smartcode_project_cta:default project_id=106726]

Developed and built by renowned developer/builder DASCO, Azure offers a collection of 39 oversized apartments

DASCO sell 90% of Azure apartments in Point Frederick as construction completion approaches

Hyecorp has begun constructing their latest Lower North Shore development, Audrey.&nbsp;

Located at&nbsp;13-19 Canberra Avenue, the St Leonards project will deliver 81 apartments across 12-storeys upon completion, a mix of one, two and three-bedroom apartments.&nbsp;

North Shore Property Construction are handling the build of Audrey.&nbsp;

[smartcode_project:default project_id=110379 project_image_fid=208406]

As a part of the Hyecorp Group,&nbsp;North Shore Property Construction have been the exclusive builder of all Hyecorp’s luxury apartment projects since 2009, amassing a portfolio of award-winning projects throughout their time including&nbsp;Sevana in Lane Cove and Sienna in Willoughby.&nbsp;

North Shore Property will incorporate all the signature design elements of Hyecorp within the build of the residences, including study and multipurpose room options.&nbsp;

Designed by SJB, the apartments will also include bespoke kitchens, featuring 60 millimetre engineered stone countertops, complimented by stylish splashbacks and top-of-the-line Miele appliances, including gas cooktops and filly integrated dishwashers.&nbsp;

Oversized windows will invite an abundance of natural light into the apartments, while also allowing residents to choose between vistas toward the lush greenery of the nearby parkland, the waters of the harbour, or the bustling cityscape.&nbsp;

[smartcode_project:default project_id=110379 project_image_fid=207373]

But it's not just apartments at The Audrey. The development boasts&nbsp;an indoor pool and spa, along with a personal training studio, a state-of-the-art cinema, dedicated music room and a private dining room. Crowning Audrey will be the resident's rooftop terrace, complete with barbecue facilities and panoramic vistas.&nbsp;

Situated in one of Sydney's elite addresses, Audrey enjoys a prime location with Newland Park right on its doorstep. Residents will have access to an array of cafes and restaurants, shopping destinations, in addition to the convenience of being within walking distance to St Leonards Train Station and Royal North Shore Hospital.

One, two and three-bedroom apartments are still available in Audrey, with prices starting from&nbsp;$860,000 for a one-bedroom plus study apartment.&nbsp;

[smartcode_project_cta:default project_id=110379]

Construction underway at Audrey, St Leonards apartment development

Drawing on the success of revered Sydney projects such as Advanx and Advanx Eastin, Rushcutters Bay, and Whitton Lane and Vue in Bondi Junction, Lindsay Bennelong Developments has brought together a team of award-winning leaders in their respective fields to collaboratively bring together their inspiring vision for their latest residential release.

Multi-award winning Australian architecture firm, Allen Jack+Cottier designed both the exterior and interior of Delano, which comprises three boutique low-rise buildings that&nbsp;gradually transition in scale and height from the nearby residential area, to the lively and energetic Crows Nest town centre.

[smartcode_project:default project_id=134072 project_image_fid=212757]

Set amid private landscaped gardens, Delano offers a collection of one, two and three-bedroom apartments, some with studies, along with seven townhomes fronting Hayberry Lane. The distinct curvature and detail of the façade, with its contrasting tones of steel and face brickwork, adds to the project's timeless design that ties in with the surrounding context, whilst still maintaining a contemporary feel.

The apartments and townhomes boast of Art Deco-inspired elements that are seamlessly woven into the design, with natural stone, metallic touches, and decorative flourishes to create a sense of harmony and refinement throughout the spaces.

The kitchens form the heart of each home, with top-quality Miele appliances, natural stone benchtops and splashbacks, balanced by cabinetry in complimenting tones. The living areas, with their generous free-flowing spaces and floor-to-ceiling glass, are oriented to capture sunlight, creating the perfect environment in which to entertain, while the bedrooms feature plush broadloom carpets, adding to the apartments' luxurious feel.

The bathrooms are characterised by clean lines, uncluttered spaces and considered finishes. High quality porcelain tiles run floor to ceiling, complemented by Studio Bagno vanity basins and Astrawalker brushed platinum tapware. Thoughtful details such as finger-tile mosaic feature walls, natural stone vanity tops, and tall cabinets featuring textured scalloped door panels add depth and contrast to the spaces.

[smartcode_project:default project_id=134072 project_image_fid=212763]

The seven three-storey three-bedroom townhomes, set behind landscaped private front gardens, feature free-flowing living areas encompassed by marble island kitchens, while the upper level is devoted to a secluded master suite opening to a private balcony. The rear courtyards open to a communal garden, which provides ambient additional space for alfresco entertaining.&nbsp;

With teams across Australia, China and South East Asia, Place Design Group handled the landscape architecture across the project , which at the heart of Delano, provides a green backdrop to the residences, with manicured lawns, jacaranda trees, for which the area is renowned for, as well shady pergola seating areas and barbecue stations scattered around.

[smartcode_project_cta:default project_id=134072]

Delano apartments pay homage to their Crows Nest context 

The May interest rate rise has done nothing to dampen the Sydney property market across May, recent data has shown.

The latest Home Value Index from property data analytics firm CoreLogic shows dwellings in Sydney, both houses and units, rose by 1.8 per cent.

Houses jumped 2.1 per cent, largely due to the lack of supply, while units saw a second consecutive month of over one per cent gains.

Units, which in corporates apartments and townhouses, rose by 1.1 per cent across May, following 1.2 per cent gains in April.

The rolling quarterly figures have Sydney units up 3.3 per cent, now approaching a median of $800,000.

Sydney's 1.1 per cent jump was the joint second best performing unit across the capitals, level with Brisbane but some way behind Perth's 1.7 per cent spike.

Read more:&nbsp;<a href="/news/nsw/city-beat-may-2023-sydney-sees-strong-off-the-plan-sales-activity">City Beat May 2023: Sydney sees strong off the plan sales activity</a>

<h2>What's happening in the Sydney off the plan market?</h2>

Developers are seeing success at both affordable, what many would deem unaffordable, ends of the market.

Deicorp, who deliver around 1,000 apartments a year to the Sydney supply chain, have seen strong sales in their Western Sydney projects.

They've been securing sales at a rate of more than one every two days at their Tallawong Village project in Rouse Hill, which is being marketed by CBRE with prices starting from $540,000.

[smartcode_project:default project_id=106821 project_image_fid=169999]

Deicorp's Executive Director Robert Furolo says the first 5 months of 2023 has seen a significant increase in inquiries from purchasers and a corresponding increase in sales.

"Our Tallawong Village project continues to receive strong buyer interest, with more than 60 sales in the past 90 days."

Furolo said however there is growing demand in the $1 million and above bracket. Nearly&nbsp;20 per cent of all sales across their projects have been above $1 million.

National developer Goldfields believes they're hitting the affordability sweet spot at their first Sydney project, The Bryson of Chatswood.

Goldfields CEO Lachlan Thompson said they've seen a&nbsp;a lack of affordable investment properties in the market due to high demand for available stock.

"In terms of price point, the Sydney sweet spot is around $1.5 million to $1.8 million for two-bed, two-bath apartments," Thompson says.

"Many of The Bryson’s apartments come in well under that, positioning us well in the Greater Sydney market.”

[smartcode_project:default project_id=21170 project_image_fid=210274]

Thompson says strong demand,&nbsp;coupled with limited new builds in Chatswood over the past five years, have been the key drivers behind the strong enquiry.

The rebound in established house prices is causing more affordability issues, Thompson says, which is bringing local families in looking at the three-bedroom apartments.

On the other end of the affordability spectrum, stock is flying off the shelves.

Aqualand continue to report huge success at their $1 billion North Sydney tower, AURA by Aqualand.&nbsp;

Alex Adams, Aqualand Head of Sales and Marketing, says they've seen&nbsp;a significant upward trend in buyer demand for well-located, high-quality apartments over the past six months.

"That continues unabated," Adams says.

"We’ve experienced month-on-month growth since November 2022 with a spike in sales every month this year. The project has clocked over $100 million in sales over the last three months alone."

[smartcode_project:default project_id=30959 project_image_fid=202991]

Adams says sales have been&nbsp;across all apartment types at AURA, and are buoyed by major public domain improvements, transport development and the robust growth potential of North Sydney more broadly.

"We believe these strong sales are a positive sign for the broader luxury apartment market in Sydney.”

It's a similar story in Woollahra, one of Sydney's most sought-after suburbs.

National developer Fortis exchanged $116 million worth of residences&nbsp;at the Woollahra Collection over the launch weekend, with prices ranging between $2.6 million and $16.5 million.

<img alt="The Woollahra Collection" data-entity-type="file" data-entity-uuid="8f1f4a6a-6209-4428-9753-7b875d238fe9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-01%20at%209.40.54%20am.png?VersionId=1oKg6R8Qpwf9ykkbOz5q89IXqTMjtv9i" />

Fortis Associate Director Jonh Yacoub says buyers in the top end of the market are seeing the value in projects that offer premium quality and amenities in sought-after locations, which has helped propel the flight to quality.

"While we were extremely happy with the high level of interest and buyer activity with Woollahra Collection, we also had a lot of confidence in the product we were bringing to market and the overall success of the project," Yacoub says.

"Woollahra is one of the most tightly-held suburbs in Sydney and we spent months in planning to ensure we made the most of this once in a lifetime opportunity.

"We collaborated with a team of some of the best architects and designers in Australia to develop the best possible design outcome and offerings in this project.

"Woollahra Collection has been extremely well received by purchasers and the wider community, clearly demonstrating market demand for premium residences.“

A recent report by Knight Frank found Sydney ranked ninth out of 12 key markets tracked globally for the number of super-prime sales of over US$10 million over the last 12 months.

Over Q1 2023 Sydney had 10 super-prime settled sales of greater than US$10 million, ahead of Paris and Orange Country, both of which recorded three sales.

Over the 12 months to the end of March, Sydney recorded 76 super-prime sales, putting it in ninth place, ahead of Geneva (63), Orange County (54) and Paris (26).

The total value of Sydney super-prime sales over the 12-month period was US$1.233 million, with an average sale price of US$16.2 million.

The rolling quarterly figures have Sydney units up 3.3 per cent, now approaching a median of $800,000 again

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