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?

Development in Burwood has been heating up in recent times.&nbsp;

Burwood Council is currently busy developing a clear vision for a key urban renewal precinct known as Burwood North, where the town centre transformation and expansion is being stimulated by the planned Burwood North Sydney Metro Station, which will play a key role in connecting the Burwood Town Centre to the global City of Sydney and Parramatta and their growing networks of Metro stations.

But it's not just the north of the suburb welcoming new developments, with Urban Property Group soon to complete their Burwood apartment project, Circa Burwood, a twin-tower project bringing 57 new apartments to the area.&nbsp;

The striking DKO-designed building has just a handful of one and two-bedroom apartment remaining.

Donning a geometric facade coupled with high-quality interiors which prioritise form and function, Circa is set to provide ample open space along with the very best of the burgeoning Burwood region right on the steps of the towers.&nbsp;

Circa takes full advantage of its location, offering panoramic views of Burwood, Balmain, and beyond, with floor-to-ceiling glazing allowing natural light and vistas to flood every corner of the home.&nbsp;

The open plan living areas seamlessly connect to spacious balconies, blurring the lines between indoor and outdoor living, while black window trims and timber flooring evokes a touch of sophistication into each of the residences.&nbsp;

On the sixth floor of Circa, residents will benefit from a private outdoor terrace which boasts lush foliage, ample seating as well as barbecue facilities. From this vantage point, residents can also appreciate both the views and the architecture of Circa.&nbsp;

Circa's prime location ensures that residents are close to all the conveniences of everyday life, with easy access to public transport and educational institutions, as well as proximity to recreational parklands and a diverse culinary scene.&nbsp;

[smartcode_project_cta:default project_id=9202]

The striking DKO-designed building has just a handful of one and two-bedroom apartment remaining

Urban Property Group approach completion of Circa Burwood apartments 

Sydney property developer Coronation Property has unveiled plans for the first stages of its $1.5 billion inner-city urban transformation project that will convert a 50,000 sqm industrial site in Erskineville into a new lifestyle destination for Sydney.

Coronation acquired the site at 57 Ashmore Street, at the crossroads of 165-175 Mitchell Street,&nbsp;for $315 million in June 2022 from developer Greenland Golden Horse.

They'll be bringing a much needed&nbsp;1,000 new homes to the Sydney market, a mix of terraces, apartments, and build-to-rent dwellings, all designed to cater to the needs of the discerning urban dwellers living in and around Erskineville.

Joe Nahas, Managing Director at Coronation Property, said the team are&nbsp;proud to be joining the neighbourhood with this significant redevelopment of the largest remaining unencumbered parcel of land in the City of Sydney.

"Our $1.5 billion development will be an incredible addition to Erskineville’s urban landscape – acknowledging the character of the suburb while delivering a new standard of living to the area," Nahas said.

“The site is just over 4km from Sydney’s CBD and situated close to major education, health, and transport hubs yet has been sitting inactive for several years.

"Our grand vision will reinvigorate the site with our ongoing commitment to deliver world-class design, and innovative placemaking to inner-Sydney."

<img alt="Coronation Erskineville" data-entity-type="file" data-entity-uuid="683e8181-6a7f-41df-8731-663d70535ca5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-30%20at%209.15.33%20am.png?VersionId=AQrDUqvGs.MHy86HAhyjwsN6FtrAsDuc" />

Part of the project will be a new&nbsp;7,500 sqm public park, the future McPherson Park, will sit in the centre of the masterplan– with green space, unique public art installations, and tree canopies providing residents and the surrounding community open space in which to connect, relax, or exercise.

&nbsp;

Access to the site will be enhanced with a new 20-metre-wide, pedestrian-friendly boulevard weaving through its heart – wider than Pitt Street Mall, the shared pathway will provide convenient foot and cycling access to 5,000sqm of specially curated retail, and an activated park-facing dining precinct.

Earlier this year, Coronation undertook a City of Sydney Design Excellence competition for Residential Building E, with Surry Hills-based architects, Silvester Fuller, delivering the winning scheme.

The Selection Panel’s decision was unanimous.

“The proposed scale and form are highly responsive to the surrounding existing and future development, and presents a strong relationship between the park, the street and the through-site link," the Panel said.

“The internal street connects well with the through-site link, enhancing the pedestrian experience. The entries to the building were highly legible and have a powerful address to the public domain areas, particularly the northern and southern street frontages,” continued the judges."

Penny Fuller, Silvester Fuller Director, said the park edge location has informed a close relationship between building and landscape.

“Our scheme balances the playful and the pragmatic, the whimsical and the wise, wrapped in an overall concept focused on creating uplifting spaces to be in and around – a building to make you smile," Fuller said.

<img alt="Coronation Erskineville" data-entity-type="file" data-entity-uuid="a861e4a3-0a56-460b-ac29-6badffa69a9e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-30%20at%209.33.49%20am.png?VersionId=I1_zT6xx29cCjT6pd9jzLJqp4gRWWb5O" />

The City of Sydney Council granted development approval in March 2023 for six luxury, three-storey townhouses for Residential Building D for the winning scheme by emerging practice, and Redfern locals, Andrew Burns Architecture.

Principal Andrew Burns revealed that the practice was founded on designing terrace homes in and around Erskineville.

“In a way, the project with Coronation Property is a return to our roots. We have endeavoured to introduce the crafted quality of bespoke architectural houses into the design of the terraces.”

“Our vision was inspired by the neighbouring Victorian-era terraces found in Erskineville and across inner-city Sydney. We drew on the idea of the ‘grand terrace’ that traditionally comprises&nbsp; a group or row of adjacent terraces forming a larger structure while retaining an individual identity for each dwelling,” continued Mr Burns.

Coronation’s plan for vital infrastructure upgrades across the site are well underway to yield long- term benefits for residents, visitors, and the surrounding community.

David Cremona, Coronation’s Group General Manager, said the primary focus is to make a positive contribution to the community.

"To achieve this, we are working closely with the City of Sydney Council and expert consultants to upgrade critical infrastructure.”

“Importantly, our delivery team has devised precise strategies to ensure that these infrastructure upgrades, and the construction of new structures is carried out smoothly and efficiently with the least possible inconvenience to our site neighbours."

Construction is expected to commence in the third quarter of 2023. The 150, Silvester Fuller-designed apartments are scheduled to launch in late 2023 with one-bedrooms starting at $800,000.

&nbsp;

Coronation acquired the site at 57 Ashmore Street, at the crossroads of 165-175 Mitchell Street, for $315 million in June 2022 from developer Greenland Golden Horse

Coronation reveal plans for $1.5 billion Erskineville transformation

Sydney developer JQZ has paid $110 million for the South Quarter site in the heart of Parramatta, the former project mooted by now collapsed developer Dyldam.

They've secured the former Auto Alley at 57-83 Church Street, which has plans in place for a mega development with over 750 apartments and around 40,000 sqm of retail and commercial space.

Five towers were part of the original application, one of which was set to home an international branded hotel. No word from JQZ if they'll be pushing on with the $876 million project exactly as Dyldam had intended. The plans had towers ranging from 10 levels to 42 levels.

They'll no doubt stick to Dyldam's application to weave community parks throughout the huge 1.4 hectare block which is just&nbsp;450 metres from the Parramatta Rail and Bus Interchange and 260 metres from Westfield Parramatta.

<img alt="JQZ Parramatta" data-entity-type="file" data-entity-uuid="408baf84-4e15-4dc6-8304-3aa831f76196" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-30%20at%209.07.22%20am.png?VersionId=dx77LnyautHnGdyynLdX57.IUDJGV2L9" /> 
CBRE, Colliers International, and Moxham Commercial, sold the site to JQZ recently.

They marketed the project as an "outstanding opportunity for an incoming developer to secure a large scale, approved, mixed use development site at the southern gateway into Parramatta CBD."

Allen Jack + Cottier designed the plans for Dyldam, noting in the submission that the concept design reinforces the “gateway” location and provides a distinct sense of arrival from the south to the Parramatta city centre through the scale, form, and architectural design of the development.

They said the residential component of the development, which is over 64 per cent of the total gross floor area, will support the economic viability of the retail uses and the viability of local businesses beyond the subject sites.

JQZ, who recently completed 88 Christie in St Leonards, are soon to launch stage two of Lidcombe's $560 million Vivacity project which will have nearly 600 apartments.

Their website says they've&nbsp;successfully completed 18 residential projects across Sydney.

They've secured the former Auto Alley at 57-83 Church Street, which has plans in place for a mega development with over 750 apartments and around 40,000 sqm of retail and commercial space

JQZ secure South Quarter, Church Street, Parramatta site for next apartment development

Instability in the broader construction sector is adding further pressure to a constrained residential pipeline as Australia faces a mounting rental and housing crisis.

Ray White Chief Economist Nerida Conisbee believes, with the current uncertainty in the construction sector, it’s critical for developers to get projects out of the ground and uphold a healthy level of confidence in the market.

“Developers that maintain end-to-end control of their pipelines or have internal construction capabilities will be well-placed to deliver quality projects to an undersupplied market.

"With record immigration inflows we are looking down the barrel of a rental and housing crisis."

Conisbee cited Sydney developer Aqualand, who have their own internal construction arm, Aqualand Construction, which is currently building the $1 billion North Sydney development, AURA by Aqualand.

“Aqualand’s success in managing its construction pipeline internally serves as a testament to the importance of adaptability in the face of adversity," Conisbee said.

“Aqualand’s approach may well serve as a blueprint for other developers looking to secure their futures and contribute to Australia’s housing supply.”

[smartcode_project:default project_id=30959 project_image_fid=202657]

Aqualand has taken a proactive and innovative approach to its end-to-end model. In 2018 they brought in Thomas Catalovski to head up the Aqualand construction business.

“It was important to Aqualand to manage all aspects of the development process to safeguard the integrity, quality and safety of our projects,"&nbsp;Catalovski said.

"Being able to take responsibility for the development lifecycle from end-to-end has been a massive advantage.

“We’ve been able to respond to market fluctuations with greater agility and flexibility, which has been key to managing escalation and keeping costs stable.&nbsp;

“Being directly involved from day one of the project’s inception, through its design evolution, and ongoing project cost planning and pricing is hugely valuable.

"We’re involved as much as a few years in advance of breaking ground, so we can set the project up for success in its infancy.”&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202986]

Aqualand Group’s strategic decision to build a skilled in-house construction team puts it in good stead to capitalise on current opportunities in the market, as a number of prime development sites come to market, including the Central Barangaroo project, for which it is the developer and builder.

“With our integrated delivery strategy we’re able to transact and move quickly compared to our development peers who need to get the project to a certain point before they can even go to tender with an external builder that may take six to 12 months," Catalovski added.

A number of wide-ranging construction industry reforms introduced by the NSW government will materially increase regulation in the residential and commercial construction sector.&nbsp;

“Aqualand fully supports the introduction of more regulatory oversight, as well as the work being undertaken by the NSW Building Commissioner to improve standards and customer confidence.

<img alt="AURA by Aqualand" data-entity-type="file" data-entity-uuid="2dfca0e1-c7a6-443b-a94c-e9f242415c16" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-29%20at%209.28.58%20am_0.png?VersionId=Pr0F3KsCPYQoswkA.NE3qn32AXNG.f_T" />Aqualand will top out AURA by Aqualand in June. Image supplied

“We recognise that ensuring certainty for our stakeholders, and especially purchasers, is critical. Managing all aspects of the development process means our construction team can facilitate enhanced collaboration with our subcontractors, and in some instances undertake an early contractor involvement (ECI) process."

Aqualand Construction cut its teeth delivering the award-winning BLUE at Lavender Bay, an adaptive reuse project located at 61 Lavender Street, Milsons Point.

Completed in 2021, the 20-storey project showcases how adaptive reuse can transform an empty and outdated office tower into contemporary luxury apartments, whilst improving the streetscape, retail offering and providing benefits to the local community.

The project was extremely challenging from a construction perspective as it required the demolishment and then rebuild of the building’s core.

Sam Jenkins, Aqualand’s Construction Director, said the relocation of the building’s core and repositioning of the living spaces to take advantage of the views, was an enormous proposition.

“It took our in-house building expertise to realise the opportunity and make development sense of the project,” Jenkins said.

“Another main obstacle in transforming an old commercial structure to a luxurious residential building lies in reimagining the façade, while preserving the original structure. For BLUE, we re-designed the entire façade. The façade grid was modulated to reduce the bulk of the existing tower.

“We added curved glass wintergardens and balconies to signal a new chapter in the building’s history, while unique slim, horizontal steel structures, balustrades and glass screens added light and reduced the bulk of the original commercial façade.

“We didn’t make it easy for our construction team’s first project that’s for sure. However, the result has been extremely well received by our purchasers, some of whom have now also purchased at AURA.

“Our clients are reassured that our in-house construction team will ensure the projects are delivered on time and to the strict quality standards we insist on,” Sam added.

Conisbee cited Sydney developer Aqualand, who have their own internal construction arm, Aqualand Construction, which is currently building the $1 billion North Sydney development, AURA by Aqualand

How Aqualand's construction strategy gives buyers confidence in delivery

The picturesque suburb of Neutral Bay offers residents a world of quality amenities right at their doorstep.

As close to the village as possible is often the mantra for buyers.

You can hardly get closer than Sun Property Group's Bala Residences, quietly set on Grosvenor Street, only two streets back from Military Road.

Bala's design is focused on providing a life of balance, offering just 19 two and three-bedroom apartments, including a selection of penthouses.

[smartcode_project:default project_id=9801 project_image_fid=82433]

Designed by a+ architecture, Bala has been designed to seamlessly integrate with the streetscape, with the apartments welcoming an abundance of natural light, clean air, and the tranquility that characterises the quiet leafy suburb.

Following an open plan layout,&nbsp;the architects have created a flow between the living and kitchen spaces, with each adjoining to spacious balconies which take in views to the neighbourhood.&nbsp;

The kitchens at Bala exude elegance and functionality, with premium designs featuring Calacatta stone benches and splashbacks, in addition to top-of-the-line Miele gas cooktops, ovens, microwaves, rangehoods, and dishwashers.&nbsp;

The development also features an array of private outdoor spaces, further enhancing Bala's connection to nature and the outdoors, including an onsite community garden.

[smartcode_project:default project_id=9801 project_image_fid=82436]

On the doorstep of Bala are major supermarkets, health clinics, outdoor sporting facilities, and vibrant green spaces like Forsyth Park. The proximity to the harbour gives the chance for leisurely walks along the water edges, while immersing yourself in some of Sydney's most iconic views.

The Lower North Shore is also renowned for its top-performing schools, including North Sydney Boys and Girls High Schools, and Neutral Bay Public School, all situated close by.&nbsp;

Construction is underway on Bala, with Impero Constructions handling the build.

[smartcode_project_cta:default project_id=9801]

Bala's design is focused on providing a life of balance, offering just 19 two and three-bedroom apartments, including a selection of penthouses

Blending lifestyle with luxury: Inside Neutral Bay's Bala apartments

Lendlease and Mitsubishi Estate Asia’s luxury residential tower, One Circular Quay, has reached a new milestone, surpassing $1 billion worth of sales as construction powers ahead.

Since its exclusive off-market launch in late-2022, more than 50 per cent of residences have sold.

And as part of One Circular Quay’s off-market sales campaign, a state-of-the-art display suite has now been unveiled to prospective purchasers by invitation only.

Tom Mackellar, Managing Director Development at Lendlease, said it's an incredible milestone to reach $1 billion in sales having only launched to an exclusive database late last year.

"With construction well underway, One Circular Quay is fast taking shape," Mackellar said.&nbsp;

"This iconic luxury residential tower, at one of the most prestigious addresses in the world, demonstrates real strength in Sydney’s residential market, and once again elevates Sydney’s real estate onto the world stage.”

Designed by the late award-winning Australian architect Kerry Hill, the 58-level luxury residential tower will soar 200 metres and include 158 residences, with all two, three and four-bedroom residences offering dual icon views of the Sydney Harbour Bridge and Opera House.

<img alt="One Circular" data-entity-type="file" data-entity-uuid="c0f88448-49a4-43b1-8946-edc756c14b6d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-26%20at%2010.01.06%20am.png?VersionId=AktVZRtAXj3Qrv5yk5_qlZUCzOfFHj01" />

Levels 50-55 will be home to six full-floor sub-penthouses, while levels 56-58 will be reserved for a three-level penthouse boasting five bedrooms, a private lift, floor-to-ceiling windows with panoramic views of Sydney harbour, and a north-facing swimming pool and terrace.

One Circular Quay residents will have exclusive access to the premium facilities, including a private indoor pool, gym, steam room and dedicated concierge services.

A 220-room Waldorf Astoria hotel will also be delivered by Lendlease alongside One Circular Quay, marking the entry of Hilton’s iconic luxury brand into Australia. In February this year, Lendlease and Mitsubishi Estate Asia exchanged contracts with Fiveight, the property division of Tattarang, for the sale and delivery of the hotel.

The One Circular Quay residences and Waldorf Astoria hotel are targeting completion in late 2026.

[smartcode_project_cta:default project_id=21868]

Since its exclusive off-market launch in late-2022, more than 50 per cent of residences have sold

One Circular Quay achieves $1 billion in sales as construction powers ahead

Investors are securing a five per cent yield on apartments in Parramatta's completed Matrix apartment development on Hassall Street.

Developers Blue Land has introduced a low-maintenance offering that aligns with the progress and growth that Parramatta is witnessing, with their collection of just 32 apartments designed by Tony Owens Partners.&nbsp;

Just one-bedroom apartments remain in the project. Buyers are able to secure an apartment with just a five per cent deposit, with an added bonus of two years&nbsp;of free strata levies.&nbsp;

[smartcode_project:default project_id=7255 project_image_fid=196056]

Each residence has been designed with functionality and comfort in mind, with the apartments featuring a range of high-quality inclusions, including bespoke cabinetry, ducted air conditioning, and expansive living and dining areas that seamlessly flow onto spacious outdoor entertaining terraces.&nbsp;

The living areas are adorned with engineered timber flooring, with the the building also designed to maximise ventilation and natural light.

Residents will have secure lift access into their homes, in addition to video intercom systems and private lock-up storage areas.

[smartcode_project:default project_id=7255 project_image_fid=195549]

The crowning jewel of The Matrix is the residents-only rooftop entertaining terrace. The space offers an outdoor dining area, providing residents with panoramic views of the surrounding Parramatta CBD, district, and Sydney CBD skyline.&nbsp;

Location plays a significant role in The Matrix's appeal. Situated in the heart of Parramatta, residents have the convenience of stepping outside their door and accessing the best the city has to offer, from local cafes to world-class recreational amenities and international culinary experiences.

Additionally, the building's prime location offers easy access to a flourishing shopping precinct, an array of public transport options, and prestigious private and public schools.

[smartcode_project_cta:default project_id=7255]

Buyers are able to secure an apartment with just a five per cent deposit, with an added bonus of two years of free strata levies

Five per cent yield, five per cent deposit on offer at Parramatta's completed Matrix apartments

Epping, nestled between the bustling village of Eastwood and the retail hub of Macquarie Park, is set to witness a new residential development that will benefit from the convenient connectivity the small Parramatta suburb has to offer.

Epica, a tower of 83 apartments, provides a host of benefits that make it an ideal choice for those seeking a well-connected lifestyle.

Situated on the inner northwest edge of Sydney, Epica enjoys close proximity to all regional suburbs and strategic centres, making it an enviable location for residents. The strategic advantage of Epica lies in its exceptional connectivity, with various key destinations just a stone's throw away.

The development is a mere 100 meters away from the Epping train and metro interchange, providing seamless access to the transportation network. Epping's metro service, which is part of the Sydney Metro North West project, will revolutionise transportation in the region, offering fast and efficient travel throughout Epping and into the Sydney CBD.&nbsp;

Residents of Epica will have the luxury of reaching prominent business hubs in no time. In under 20 minutes, one can be in Chatswood or the Norwest Business Park, while the bustling commercial and cultural centre of Parramatta is also easily accessible. The heart of the Sydney CBD is also just under 30 minutes away.&nbsp;

[smartcode_project:default project_id=5982 project_image_fid=24359]

Residents are set to benefit from the community infrastructure upgrades, including the $5 million in funding towards sports grounds and Boronia Park upgrades. These investments aim to enhance the overall living experience in Epping, elevating it to a contemporary modern city.

In addition to its excellent transport links, Epica offers residents a range of amenities within close proximity. Epping Town Centre provides a variety of boutique shops, catering to diverse retail needs, while Macquarie Shopping Centre, a renowned retail destination, is just a stone's throw away.&nbsp;

Epica's charm lies not only in its strategic location but also in its design and panoramic views.

Regarded as a classy icon of elegance, Epica boasts gorgeous bedrooms, spacious balconies, tasteful kitchens, and well-designed bathrooms, all embellished by spectacular views that include the city skyline. The sun-drenched apartments offer great natural ventilation, with only four units per floor.

[smartcode_project_cta:default project_id=5982]

Epica, a tower of 83 apartments, provides a host of benefits that make it an ideal choice for those seeking a well-connected lifestyle

Connectivity the key at Epica Epping apartments

Sydney's Lower North Shore is soon set to be home to a new architectural masterpiece, with Abadeen Group engaging renowned architect Koichi Takada to design their latest project, Koyo.

Nestled in the leafy suburb of Crows Nest, the boutique collection of one, two and three-bedroom apartments at Koyo promise to be a serene escape from the bustling city.

Inspired by the vibrant colours of autumn, Koyo embodies Takada's philosophy of simplicity, expressive materials, and organic forms, both inside and out.

[smartcode_project:default project_id=108800 project_image_fid=179483]

The gently curved façades draws inspiration from the nearby harbour bays, seamlessly blending Koyo with the natural surrounds.&nbsp;

Stepping inside, residents will be greeted with interiors that serve as a canvas for personal style and self-expression, boasting an natural palette.

Each residence within Koyo offers generous living spaces, complemented by thoughtful extravagances. From statement stone-surround fireplaces to chic in-built bars and crafted timber study nooks, every detail has been carefully considered.

Takada's interiors promote connected living spaces that seamlessly transition to the outdoors, which allows for cross flow ventilation and an abundance of natural light to bounce throughout.&nbsp;These elements enhance the overall ambiance of the spaces, capturing the ever-changing play of light from dawn to dusk.

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Following on with the open plan layout, the high-end kitchens in Koyo have been designed for both generous entertaining and everyday life, featuring a layered combination of natural stone, timber, and metal detailing.

A suite of premium V-Zug appliances have been included, while signature details such as iron bronze tapware and fluted paneling on the generous islands create a bespoke mood.

The bedrooms in Koyo have been designed to provide a tranquil escape within each living space, featuring authentic textures, muted hues and pure wool carpets. In the ensuites, the use of sculptural natural stone paired with brushed platinum tapware only adds to the sense of calm and luxury he tried to create, with select residences even featuring freestanding baths.

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Two palettes, one light and one dark, offer a choice between pale European Oak or darker Cor Ash engineered timber floors in the living spaces, while in the bedrooms, buyers have a choice between Ivory or soft grey wool carpets. Further customisation can be selected in the benchtops, splashback and bathrooms tiles, with each residence set to be unique to every buyer.

One, two and three-bedroom floorplans are still available, with prices starting from $1.325 million for a one-bedroom unit and reaching $2.795 million for the three-bedroom apartments.&nbsp;

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The gently curved façades draws inspiration from the nearby harbour bays, seamlessly blending Koyo with the natural surrounds

How Koichi Takada designed Koyo, Crows Nest apartments

The heritage-inspired East Sydney Collection in Sydney's Darlinghurst is set to be completed later this year.

The collection of just 27 residences,&nbsp;designed in collaboration by MHN Design Union and&nbsp;Lawless Meyerson, are being developed by developer builder HIGA on Yurong Street, just a few streets back from Hyde Park.

The five-level block of residences is being constructed on the site of the former Aston Martin dealership, with many of the heritage features retained as part of the project.&nbsp;

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Fit with lavish interiors, including natural timber veneers, slab marble, parquetry and timber flooring, East Sydney Collection includes both apartments and townhouses, with a mix of one, two and three-bedroom floorplans. The group also launched a loft collection, which are located just off the bustling hotspot of Stanley Street.

MHNDU designed the lofts to pay homage to the original 1930s art deco saw-tooth warehouse, infusing it with modern aesthetics and creating an exquisite canvas for both living and entertaining.

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The loft units at Stanley Lane Lofts are the epitome of sophisticated design, combining industrial charm with luxurious features. Mezzanine spaces add a sense of openness and versatility, while the classic steel-framed windows allow an abundance of natural light to flood the interiors.

The kitchen areas are a striking focal point, featuring steel-framed islands, while the bathrooms boast timeless terrazzo floors, harking back to an era of classic design.

Each apartment comes equipped with individual air conditioning systems, along with premium Swiss VZUG appliances. In addition, the building features low levies and is pet-friendly, accommodating the needs of a diverse range of residents.

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Crowning the building is a communal rooftop garden, which offers views of Hyde Park, St Mary's Cathedral and the CBD skyline.

Nestled amongst renowned cafes, dining establishments, small bars, galleries, and designer stores, it encapsulates the vibrant and cosmopolitan spirit of Sydney.

Residents will have the convenience of the CBD within walking distance, allowing for easy access to business, shopping, and entertainment hubs. Darlinghurst, with its eclectic mix of culture and entertainment, is also a short stroll away, offering an array of cafes, galleries, and shops to explore.

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The five-level block of residences is being constructed on the site of the former Aston Martin dealership, with many of the heritage features retained as part of the project. 

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