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.

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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.

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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.

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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.

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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?

Kogarah's latest apartment development, The Gallery Collective by HYZ Group, will bring just under 100 smart apartments to the St George area.

PBD Architects have handled the plans of the Regent Street building, which will comprise 96 one, two and three-bedroom apartments which have been developed to integrate innovative technology as a standard inclusion.

Residents will experience a truly smart home with features such as automated roller blinds, a smart air conditioner controlled via a mobile device, and smart LED downlights in key areas like the kitchen, living room, dining area, and hallway, with voice-control features enabling residents to operate everything from their devices.&nbsp;

&nbsp;

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The development also caters to eco-conscious individuals by providing electric car charging stations, making it hassle-free to dock and charge electric vehicles.

While in its construction phase, buyers will have the choice of two colour schemes; Sky and Earth.&nbsp;

The Sky scheme incorporates a soft and neutral palette, featuring timber-inspired tones in the kitchen and marble tiles in the bathroom, while Earth presents a darker palette, adding an element of elegance and sophistication throughout the kitchen, bathroom, and living areas.

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The Gallery Collective is ideally located for convenient amenity and connectivity to Sydney, 14 kilometres north of Kogarah.

Kogarah train station is just 400 metres away, while even closer is the Princes Highway, offering two different options to get into the city.

Kogarah Town Centre accompanies the train station, which has a Woolworths. Westfield Hurstville is the closest major shopping centre, a 10-minute drive.

[smartcode_project_cta:default project_id=112050]

Residents will experience a truly smart home with features such as automated roller blinds, a smart air conditioner controlled via a mobile device, and smart LED downlights in key areas of the home


The Gallery Collective to bring "smart apartments" to Kogarah

Parramatta, Sydney's rapidly growing second CBD, is set to welcome a new architectural marvel that captures the essence of urban living combined with a park side location.

Parramatta locals, Ellerson Property tasked Forward Projects&nbsp;with handling the build of Observatory Place, which is currently underway at 7 Parkes Street, with the collection of residences nestled alongside the picturesque Jubilee Park.

Boasting a prime central location, the development offers a private sanctuary while immersing residents in the vibrant urban lifestyle that Parramatta has to offer.

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The creation of Observatory Place involved a meticulous design process, including a Design Excellence Competition and substantial planning investment, all aimed at maximising the development's design and social outcomes. The result, a stepped design that follows the solar path, flooding the residential apartments with natural light and providing an open plan layout.

Working in collaboration with architects Aleksander Group and interior designers, Tony Caro Design, Ellerson Property will transform the former site of the Lone Star Tavern into a 24-story building, with 173 apartments with one, two and three-bedroom options, along with a ground floor retail and dining precinct.

Recessed balconies provide residents with privacy, while the building's stepped design grants raised terraces that overlook the lush green expanse of Jubilee Park.

Internally, the apartments feature a number of considered design details, from built-in wardrobes, internal laundries and dedicated study spaces, with resident's also set to benefit from ensuites, lift access, and intercom systems.&nbsp;

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The benefits of Observatory Place's park side location extend beyond its immediate surroundings.

A mere 300 meters away, residents will find Westfield Parramatta, a premier shopping destination offering a wide range of retail options. The Parramatta Transport Interchange, located just 450 meters away, provides seamless connectivity to various parts of Sydney, making commuting a breeze.

Food enthusiasts will delight in the vibrant Eat Street, a lively culinary hub only 650 meters from Observatory Place.

The development is also just short 750 meters from Parramatta Square, a thriving urban precinct that encompasses commercial, retail, and entertainment spaces. And for those who need to travel to Sydney's city centre, a 30-minute train ride or a 35-minute drive is all it takes.&nbsp;

One-bedders in Observatory Place are priced from&nbsp;$530,000, while the three-bed options top out at just over $1 million.&nbsp;

[smartcode_project_cta:default project_id=8355]

How Observatory Place takes advantage of it's parkside location in the ever evolving Parramatta 

Burwood, a suburb steeped in history, is set to embrace a new chapter in it's residential history with the introduction of Victoria Place.

In what will be the tallest building in the area, family-run and Burwood locals P&amp;N Sleiman Group's latest development will capture the essence of Burwood's rich heritage while offering sweeping, unobstructed views across the city.

“We are a family business, and our roots are in Burwood – we’ve spent generations living and working right here," Founder Pierre Sleiman said.

[smartcode_project:default project_id=106750 project_image_fid=184474]

"We’ve watched the neighbourhood grow and change, and we care deeply about how it continues to evolve. For us, Victoria Place is our contribution to the place we call home. &nbsp;We want it to be somewhere that can enhance people’s lives now, and for decades to come.”

The multi-dimensional precinct will deliver an array of one, two and three-bedroom apartments, in addition to a thriving commercial complex, providing residents with an array of dining and retail options on their doorstep.&nbsp;

Situated at the heart of Burwood, the development is elevated by an internal walkway link connecting residents seamlessly from Victoria Street through to George Street and onto Burwood station.

“Imagine coming home to views that can’t be seen from anywhere else,” said Sleiman. “Complete serenity as you float above it all – but at the same time, you’re living right in the centre of the action.”

The open-plan interiors of every apartment create an atmosphere that exudes both elegance and relaxation. Attention to detail has been given to every aspect of the design, from the high-quality finishes and cutting-edge technology to the inclusion of European tapware, landscaped areas, and ample built-in storage spaces.

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If the views from the apartment isn't enough, crowning the tower will be a landscaped rooftop terrace, providing residents with a place to relax and unwind in, with room for alfresco dining and an array of seating options.&nbsp;

Burwood is a strategic centre in the Plan for Growing Sydney, and it’s well positioned to benefit from the infrastructure and amenity that is being added to the region. A key investment is the Sydney Metro West: a new underground railway that will connect Greater Parramatta and the Sydney CBD.

There will be seven new stations delivered as part of this project, including one in Burwood North – taking pressure off both Burwood Station and the bus network along Parramatta and Burwood Road.

[smartcode_project_cta:default project_id=106750]

Victoria Place: Redefining Burwood's landscape

With apartments featuring wrap-around balconies capturing 270-degree panoramic harbour, city skyline and parkside views, The Centennial Collection by local Eastern Suburbs developer, Stargate Property Group has been inundated with eager downsizers, selling out the first release of apartments at its launch last week.

Stargate Property's Co-founding Director, Elia Leis, said The Centennial Collection is the group's signature legacy project.

“We have been instrumental in delivering quality residences in the east for the past two decades, Leis said.

"It showcases SJB’s magnificent architecture and interior designs delivering a timeless collection of superior homes, maximising views from its elevated park side position, complemented by premium amenity.”

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Having undertaken a design competition between multiple top tier firms, SJB were successful in winning Waverley Councils’ first design excellence competition.

Described by SJB architect, Adam Haddow as “a castle high on the hill”, The Centennial Collection is positioned on one of the highest points of eastern suburbs, idyllically located opposite Sydney’s iconic Centennial Park.

The group has set a new benchmark for luxurious interiors and amenities within the development, reminiscent of a luxurious European five-star resort, with 70 apartments included in the dual-tower project.&nbsp;

With a mix of one, two, three and four-bedroom residences, prices at the launch started from $2.4 million for a two-bedroom apartments, while the three-bedders were priced from $3.65 million.&nbsp;

The launch weekend included the sale of a $12 million three-bedroom, two-bathroom apartments, as well as several whole-floor apartments, which encompass 360 degree vistas.

At the pinnacle of the Collection is two house-sized penthouses which will be separately launched, featuring rooftop swimming pools with terraces which capture harbour views, as well as parkland views over Centennial Park, stretching from North Head to Botany Bay.&nbsp;

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Ray White Projects Partner, Marcello Bo said there is nothing like this level of luxury in this enclave of the Eastern Suburbs.&nbsp;

“Featuring European-inspired interiors with a choice of three finishes schemes, The Centennial Collection is an exceptional offering in terms of apartment living in Sydney’s prized eastern suburbs.

"Stargate is unequivocally raising the bar on apartment living with this exquisite collection of extraordinary, house-sized residences.The array of optional upgrades has intentionally been included to appeal to purchasers looking to customise their home with features such as marble fireplaces, his-and-her robes, or even a generous butler’s pantry for additional concealed kitchen space.”

Communal facilities in the building will include a rooftop pool with outdoor dining and entertaining spaces as well as an indoor ‘winter’ pool. There's also a concierge, cold and dry goods delivery rooms and a wellness hub including a cardio and personal training area.

The building will also have EV charging stations and storage for all residences.

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Situated in an iconic gateway location overlooking Centennial Park and a moments’ walk to Woollahra’s famous Queen Street, The Centennial Collection boasts an enviable lifestyle with the best of the East’s hatted restaurants, wine bars, shopping and schools all on its doorstep.

The project will also offer curated ground level retail with a vibrant, atmospheric village setting where residents can enjoy a hearty breakfast after a morning jog or cycle around Centennial Park.

Ideal for pet-owners living opposite Sydney’s largest park spanning more than 189 hectares, the development will also be pet-friendly.

Construction for the project is set to get underway in mid-2023 and is earmarked for completion by the end of 2025.

[smartcode_project_cta:default project_id=136076]

The Centennial Collection sells out first release apartments over launch weekend

It wasn't until the 1950s when Engadine, a small Sutherland Shire suburb 30 kilometres south of Sydney, swung from a primarily rural area to one thousands would call home.

The suburb's name was derived from a word used by the local indigenous people, meaning "a valley or deep hollow between two mountains".

Despite its urbanisation following a housing boom over seven decades ago, Engadine has retained its natural beauty. It's surrounded by national parks and natural reserves, including the Royal National Park and Heathcote National Park.

Architects Smith &amp; Tzannes tapped into these surrounds when they were creating Hermitage Engadine, the boutique apartment development on the fringe of the Royal National Park.

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The two-building project, now over 50 per cent sold, began construction in June 2022, with the&nbsp;64-apartment development slated for completion by the end of this year.&nbsp;

The boutique building features a range of one, two and three-bedroom apartments, each featuring either city, national park, or district views.&nbsp;

Residents will be welcomed by a striking foyer, layered with textures including concrete finished that are paired with a recycled timber feature wall and reclaimed railway sleeper timber seating.&nbsp;

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Greenery is abundant in the foyer, further reflecting Hermitage's connection to nature, while a collection of black and white framed images don the walls in a nod to Engadine's history.&nbsp;

The open living and dining zones flow onto generously proportioned balconies, creating a connection between the indoors and the out, with fully-ducted air-conditioning throughout.&nbsp;

Awash with warm wooden tones and enriched by earthy materials, the kitchens feature Smeg appliances, Cloudburst Concrete Caesarstone benchtops and splashbacks, while the bedrooms include textural carpets and sheer drapes. In the bathrooms, residents will find integrated stone and timber vanities, as well as freestanding baths and Parisi fixtures.&nbsp;

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Less than a 40-minute drive from both the Sydney and Wollongong CBD, Hermitage offers the best of both worlds. The development is a perfect urban oasis, a tranquil escape from the hustle and bustle of city life.

Highland are marketing the apartments where prices for a one-bedroom apartment start from&nbsp;$580,000. The two-bedders have an asking price of&nbsp;$720,000, while the three-bedders top out just over $1 million.&nbsp;

[smartcode_project_cta:default project_id=24508]

Architects Smith & Tzannes tapped into Engadine's surrounds when they were creating Hermitage Engadine, the two-building project on the fringe of The Royal National Park

Hermitage Engadine: Apartments on the fringe of the Royal National Park

Spring Square by Poly is set to become a game-changer in the world of community living. The first of its kind in Sydney's southwest, this sprawling masterplan promises to redefine the way people think about their living spaces.

Drawing inspiration from Bankstown's rich history, Spring Square aims to deliver an enriched urban neighbourhood experience that extends far beyond the four walls of an apartment.

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The community will be spread across five towers, each boasting a range of modern and varied living options, including one, two and three-bedroom floorplans.&nbsp;

But it's the range of retail and commercial amenities that will truly set Spring Square apart. From childcare facilities to a state-of-the-art gym and a range of healthcare services, residents will be able to access everything they need right on their doorstep.

Spring Square will also be dotted with communal spaces, offering places to meet, eat, and unwind. Interconnecting walkways will allow residents to explore the precinct at their leisure, while green parks will provide a tranquil escape from the hustle and bustle of everyday life.

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The gardens at Spring Square are the highlight, offering a diverse playground for residents of all ages. From lush lawns to native trees, outdoor barbecue and kitchen spaces to al fresco-style leisure areas, this is a space designed to bring people together, with a range of seating nooks scattered throughout the gardens.

But it's not just about the green spaces. Spring Square will also be home to a range of small cafes, bars, and outdoor al fresco dining options. These will spill out onto the podium and ground level, creating a vibrant social hub inspired by the multitude of cultures that call Bankstown home.

[smartcode_project_cta:default project_id=7054]

Poly Global delivers an urban oasis in the heart of Bankstown

The Hills District is alive with activity.

Since it was announced 5,000 apartments were to be built in the Hills Showground Precinct, Castle Hill and its surrounding areas have gone from strength to strength.

There's been regeneration throughout the district, while the first phase of the redevelopment which opened in 2019 included New South Wales’ first direct pedestrian link to the Castle Hill Metro Station and bus interchange, as well as new communal spaces and a bustling new food court and vibrant marketplace.

Now Castle Towers, one of the largest shopping centres in the country, is to undergo redevelopment.

QIC, founded in 1991 to serve the long-term investment responsibilities of the Queensland government, has unveiled the next phase of the shopping and dining precinct.

Dubbed The Village, plans are before council for a&nbsp;200-key hotel, a 12-story commercial building, a retail component across three levels, a live entertainment venue, a rooftop garden, and a range of other public spaces.

The Woods Bagot-designed hotel will be one of the significant elements of The Village, featuring premium event facilities and several upscale hospitality venues.&nbsp;

QIC has revealed that they will invest a total of $568 million in the masterplan for The Village, which will be the next phase of its Castle Towers Shopping Centre precinct, designed by BVN.

According to QIC, the first 12-story commercial building, at 2 Castle Street, will be of A-grade quality and the first of its type to be built in the area.

The Village is one of the many new developments happening around the area that will benefit the boom in residential development that is occurring as more buyers take to the outskirts of the city.&nbsp;

Kassis Homes' Grand Reve will be one to benefit from the new mixed-use development, located just down the road at&nbsp;8 and 18 Garthowen Crescent. As will Deicorp's Hills Showground Village and KWG's Castle Island, which are both just a five minutes drive from the proposed precinct.&nbsp;

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But it's not just those within the immediate area that will be able to take advantage of the world-class precinct, especially with the Metro Train line servicing a number of nearby suburbs.&nbsp;

The first stage of Norwest Quarter will become part of a vibrant and connected masterplanned neighbourhood just five minutes on the Metro from Castle Towers, with developing giants Mulpha at the helm.&nbsp;

&nbsp;

Over 70 per cent of the precinct is green, open space, with a mix of one, two and three-bedroom apartments planned across the first two towers, Banksia and Lacebark.

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The zero-carbon development will transform over 3.8 hectares of greenfield land into a vibrant town centre for over 2,000 residents once complete, with prices starting at&nbsp;$620,000 for a one-bedroom apartment.&nbsp;

Two-bedroom apartments are priced from&nbsp;$860,000 while the three-bedders begin at&nbsp;$1.46 million.&nbsp;&nbsp;

Developers Deicorp have been prominent in the north-west corridor, with the group also developing in Tallawong, just next to Rouse Hill. Tallawong Village is situated on the steps of the Metro line, which will take residents to Castle Towers within 15 minutes.&nbsp;

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Tallawong Village is the group's largest north-west development, set to feature 333 apartments when completed later this year.&nbsp;

Delivering a collection of one, two and three-bedroom apartments, the varying floorplans will target the owner-occupier market along with investors with a keen eye for the developing market.&nbsp;

The group continued a strong relationship with architects, Turner Studio, who have designed many of the apartments to feature additional study spaces.&nbsp;

The village will also benefit from the planned future Tallawong Town Centre, which will deliver up to 30,000 sqm of retail floorspace, while the bustling Rouse Hill Town Centre is just one stop away on the Metro.&nbsp;

There's been regeneration throughout the district, as well as the new Metro line serving a more direct route to the city.

Why buyers should be looking at Sydney's north west growth corridor 

Bondi Junction locals Stargate Property Group are set to launch The Centennial Collection, their anticipated two-tower Centennial Park apartment project just off Oxford Street.

Prices already agreed in principal will set a new benchmark for Bondi Junction, Ray White Projects Managing Director Eddie Mansour says.

The Nelson Street project of 73 apartments features a range of high-end inclusions from SJB, from a private rooftop swimming pool to bedroom fireplaces, wet bars, full-size wine fridges and butler’s pantries

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Each 10-level building will take in 270-degree panoramic views of the harbour, city skyline, and Centennial Park, with every apartments having its own wrap-around balcony. The project is also located just minutes to Queen Street.

SJB's design was chosen in what was&nbsp;Waverley Councils’ first design excellence competition, prior to development approval being granted in August 2022.

SJB Design Director Adam Haddow conceived the development’s artisan architecture, saying the&nbsp;sculptural organic form of the two buildings feels timeless, reminiscent of rocks worn down over millennia.

“On one of Sydney’s highest points, the buildings have this beautiful sense of elevation right at the edge of the city," Haddow said.

“In the residences themselves, the architecture and interiors are seamless. We have these amazing, highly-tailored, house-like environments; each residence with two or three edges to enhance the outdoor relationship.”

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SJB Senior Associate Victoria Judge handled the European-inrpsired interiors, noting that the apartments were designed to be like&nbsp;castles high on a hill.

"Envisioned as comfortable, liveable, house-like apartments featuring separate entry vestibules, wide, generous living areas with fireplaces, bedrooms with ample wardrobes and luxurious marble bathrooms, full room-sized laundries, and lots of natural light and airflow, they provide an elevated apartment living experience,"&nbsp;Judge said.

"Finishes are opulent and refined; generously detailed stonemasonry features softened edges and double bullnose trims, timber veneer joinery features curved corners and bold pediments that together bring an air of traditional monumentality.

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"Large format stone flooring in elegant creamy white is complimented by custom chequerboard timber parquetry and silky carpets. We wanted to give the spaces enduring qualities so people can still enjoy them in 10, 15, 20 years’ time.”

Communal facilities in the building will include a rooftop pool with outdoor dining and entertaining spaces and an indoor winter pool. Other facilities include a concierge, cold and dry goods delivery rooms and a wellness hub including a cardio and personal training area.&nbsp;

The building will also have EV charging stations and storage for all residences.

[smartcode_project:default project_id=136076 project_image_fid=212622]

Ray White Projects Partner, Marcello Bo said there is nothing like this level of luxury in this enclave of the Eastern Suburbs.

"Stargate is unequivocally raising the bar on luxury apartment living with this exquisite collection of extraordinary, house-sized residences," Bo said.

"Not a stone has been left unturned in the range of elevated finishes and inclusions being offered.”

The project is set to get underway in mid-2023 and is earmarked for completion by the end of 2025.

[smartcode_project_cta:default project_id=136076]

Each 10-level building will take in 270-degree panoramic views of the harbour, city skyline, and Centennial Park, while also being located just minutes to Queen Street

The Centennial Collection to reset Bondi Junction apartment price benchmark

Sydney's luxury real estate market is leading the charge in the city's latest housing boom.

After more than a year of stagnant prices, the national housing market has recorded a month-on-month increase, largely driven by a 1.4 per cent surge in Sydney.

Prominent Sydney developer Aqualand has benefitted from the change in both sentiment and prices over 2023, securing over $150 million in sales from&nbsp;BLUE at Lavender Bay, The REVY in Pyrmont, and AURA by Aqualand in North Sydney.

North Sydney, in particular, has seen strong activity, according to Ray White Chief Economist Nerida Conisbee.

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“The depth of the buyer pool for the top-end of the market is a stand-out, while North Sydney and the broader north shore continues to outperform,” Conisbee said.

“We’re now consistently seeing house price growth across Sydney, led by the top quartile of the market.”

Aqualand’s $1 billion AURA by Aqualand project did most of the heavy lifting across the portfolio, securing over $100 million since the turn of the year, a sign of the city’s unwavering demand for high-end apartments.

Alex Adams, Aqualand's Head of Sales and Marketing, said the&nbsp;strong sales at AURA reflect the unique offering the group has created, which they believe is a positive sign for the broader luxury apartment market in Sydney.

[smartcode_project:default project_id=30959 project_image_fid=202656]

"We’ve experienced month-on-month growth since November 2022 with a spike in sales every month this year,” Adams said.

“We’ve seen a breadth of sales across all apartment types at AURA buoyed by major public domain improvements, transport development and the robust growth potential of North Sydney more broadly.”

A buyer recently purchased two adjoining four-bedroom sub penthouses for $12 million.

Other notable prime sales at AURA include two four-bedroom apartments, which sold for $7,115,000 and $7,250,000, as well as a three-bedroom apartment for just under $5 million.&nbsp;

“The majority of sales have been from buyers from the lower and upper north shore with buyer activity led by owner-occupiers and downsizers," Adams added.

“AURA’s performance is a key indicator of this robust market, setting the stage for an exceptional year in luxury residential sales.”

[smartcode_project:default project_id=7559 project_image_fid=212083]

Meanwhile, The REVY in Pyrmont has exceeded $20 million in sales over the last three months and over $35 million has been achieved at BLUE at Lavender Bay, with both projects expected to be selling out soon.

House price growth is expected to continue thanks to fewer building approvals, returning overseas migration and chronic rental shortages, with Sydney unit rents up 18.1 per cent year-on-year. Sydney’s prime price performance trended above the average global annual growth, as reported in the Knight Frank Prime Global Cities Index.

“For those able to transact in this market, there are strong indicators for further growth in Sydney house prices over the medium- to long-term,” Conisbee said.

[smartcode_project:default project_id=7559 project_image_fid=212083]

“Sydney’s prices have jumped 4.1 per cent since December. There’s a dire shortage of stock, while persistent rental shortages will only add further pressure.”

The upward trend will continue to create demand for well-located, high-quality apartments, according to Adams.

“The opportunity to invest in a project which has construction nearing its peak, such as AURA, is extremely attractive to buyers," he said.

“Our buyers also understand what a unique offering AURA is. It really is incomparable to any other projects on the north shore.

“Our hospitality and services business, Etymon Projects, has collaborated with designers to craft an artfully curated selection of venues in AURA’s podium levels, including a providore, bakery, café and wine bar, an all-day diner and a contemporary Japanese restaurant.

“This will serve to enhance and enrich the lives of residents living above a vibrant and refined culinary scene, while also creating a new neighbourhood destination that will be a beacon for visitors and residents in the broader metropolitan area.”

[smartcode_project:default project_id=30959 project_image_fid=202993]

“Residents will also have access to a 5-star luxury hotel-style concierge to cater to their everyday lifestyle and special occasion needs. This service goes well beyond what’s normally available in apartment buildings and has been extremely well received in our BLUE at Lavender Bay project.

“It also appears that AURA is set to be the last North Sydney project to benefit from substantial parking for residents as North Sydney Council plans to enforce parking ratios on future projects."

In addition to the onsite parking, residents will have convenient access to the future Victoria Cross Station next door or use the exclusive pool of Tesla electric vehicles we’re providing.

[smartcode_project_cta:default project_id=30959]

North Sydney, in particular, has seen strong activity, according to Ray White Chief Economist Nerida Conisbee

Aqualand reaps rewards of high-end property surge with $150 million in 2023 sales

Since the near year-long downturn ended, which was a few months ago according to most property data analytics firms, Sydney has flown out of the traps following double digit declines.

CoreLogic's Home Value Index showed a further 1.3 per cent growth in dwelling values (houses and units) over April, following 1.4 per cent gains in March.

Now houses are -12 per cent down over the last 12 months, with units back -7.2 per cent. Both markets have shown a considerable bounce back over the last two months, each posting gains of over one per cent month on month.

The end of the downturn is&nbsp;bringing buyers back to an increasingly undersupplied market. Sydney held 570 auctions over last weekend, well down on the 914 held last year. The preliminary clearance rate was just over 70 per cent, the seventh consecutive week the preliminary clearance rate was above 70 per cent.

Off the plan agents are saying the tight supply is assisting in the strong results being achieved all across Sydney, everywhere from St Leonards to Sydney's Eastern Suburbs.

CBRE Residential Projects Managing Director, David Milton, says there’s some strong data out there which is improving market sentiment.

"With the RBA approaching a holding phase, and the huge immigration forecasts, there’s set to be a lot more demand in the market," Milton says.

"People are thinking now is the time to buy. They aren’t wanting to wait another 12 months."

Milton says enquiry hasn't necessarily increased, but the quality of the enquiry and the intentions of those enquiring has been much higher, which is leading to improved conversion rates.

CBRE sold out&nbsp;The Cambrian in Paddington by Robby Ingham on the launch day, all 15 apartments. Now they're readying the full launch of the equally rare Woollahra Collection by Fortis, which Milton says will appeal to the Sydney high-end market.

CBRE are also preparing to launch The Landmark Quarter, the next St Leonards project for New Hope Group.

The three-tower project on Marshall Avenue features a range of one, two, three and four-bedroom apartments, as well as a handful of terraces.

[smartcode_project:default project_id=139897 project_image_fid=212572]

St Leonards has had solid demand in recent months, evidenced in Top Spring's The Newlands, just off Newlands Park.

The Colliers project marketing team recorded a 104 per cent increase in sales in Q1 compared to the same time last year, notably due to the $60 million in sales recorded over a VIP weekend held at Top Spring's The Newlands in April.

Colliers National Director of Residential&nbsp;Blake Schulze says despite mixed market sentiment, the residential market across Sydney’s off-the-plan market has continued to yield strong results.&nbsp;

"We have found that there is strong market participation from local owner occupiers who are opting to purchase in projects close to where they are currently living or working," Schulze says, noting that over 20 per cent of purchasers currently live within five kilometres of the site.&nbsp;

"We are experiencing strong market demand for premium oversized apartments across Sydney, dominated by local owner occupiers and downsizers," Schulze says.

[smartcode_project:default project_id=24509 project_image_fid=203623]

"Over 45 per cent of the three-bedroom stock at The Newlands has sold. These apartments are appealing to young families as the generous bedrooms and living spaces are a key consideration for buyers, in addition to the well curated amenity offering."

The lack of supply in Sydney's eastern suburbs has seen strong enquiry already for The Centennial Collection, the new Bondi Junction project from local developer Stargate.

[smartcode_project:default project_id=136076 project_image_fid=212615]

Ray White Projects Managing Director Eddie Mansour says there's a number of buyers ready to transact even ahead of the public launch on May 4.

"Buyers will be transacting at levels above what Bondi Junction has ever seen, which highlights both the lack of future supply in the area and the high quality product Stargate and SJB Architects have put together," Mansour says.

The lack of supply for anything new in Bondi Beach has seen&nbsp;numerous offers on the AYA Penthouse, the $26 million apartment crowning the Koichi Takada-designed Aqualine in Bondi Beach.

<img alt="AYA penthouse" data-entity-type="file" data-entity-uuid="d70bef9e-f3ee-4fff-a472-906530802c82" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-21%20at%208.25.10%20am.png?VersionId=Rk74nsTTvh24dazQQoUNoEqsiovrJ638" />

Mansour says the majority of buyer interest has been from expats who are familiar with Bondi Beach.

"There was some scepticism in launching such a rare, potentially record-breaking priced apartment, in the current economic climate, but the marketing has gone really well."

In Western Sydney, Ray White Projects Western Sydney Managing Director Mark Bernberg says we're now moving into a stabilisation phase for both property values and interest rates.

"Stabilization is a huge thing in property," Bernberg says.

"It removes the fear of the unknown and the fear of change. That will bring more buyers back into the market in the near term, and after a period of holding, barring external circumstances globally, the RBA will cut interest rates as inflation starts to noticeably come down. Rates coming down always results in prices going up.

[smartcode_project:default project_id=27460 project_image_fid=195123]

"Buyers have more money in their pockets as borrowing capacity pops up. That will in turn see more stock come to the market as developers realise there are more buyers transacting."

McGrath Projects Associate Director Adam Sparkes says they are seeing a strong return of the investor.

"Investors such as sophisticated institutional purchasers and private investors buying through a SMSF through to first time investors are all seeing now is an excellent time to buy into a high quality development for a medium to long term hold," Sparkes says.

"The consumer is now more researched than they ever have been – we treat all new enquiry (owner occupiers or investors), coming to our team as a ‘white hot lead’," Sparkes says.

[smartcode_project:default project_id=94147 project_image_fid=197738]

"As a general theme all are seeking high quality construction and a strong track record from the team behind a given development – both seen as crucial elements when considering buying a brand new or off-the-plan dwelling."

Sparkes is marketing Grand Reve by Kassis Homes, who are offering purchasers a 10-year structural defect policy,&nbsp;one of the first apartment towers in NSW in more than two decades to be given an insurance policy against building defects.

"This provides a genuine level of comfort for the consumer and has resulted in new sales from older enquiry now recognising quality will prevail – not only from the team behind the development, but the added safety of such an Insurance policy," Sparkes says.

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