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?

Sutherland Shire builders, D.velop.R, has commenced construction on the $43.8 million Cronulla development, Callista.

Developed by the multi-award winning Fiducia Property Group, Callista will comprise 12 Mediterranean-inspired residences in two, three, and four-bedroom configurations, all with direct beach access, landscaped gardens, and private courtyards.

<a data-entity-type="file" data-entity-uuid="d1a5a619-e7af-470e-94d9-a111508c28ad" href="/new-apartments/cronulla-nsw-2230"><img alt="Render of the Cronulla project, Callista" data-entity-type="file" data-entity-uuid="d1a5a619-e7af-470e-94d9-a111508c28ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/LAANSTUDIOS_LOBBY%20ENTRANCE_FINAL2500%20V1.jpg?VersionId=_witZCSCxq8T67f6BBW5zC4OoRCH6ZHs" /></a>Render of the Cronulla beachside development, Callista.

With early works and demolition underway at 14 Roker Street, Callista will deliver the epitome of classic coastal luxury, with the project expected to come out of the ground in 2024.

Highland CEO, David Highland said the company is pleased to witness Callista move into the construction phase.

“The project has been well received by prospective buyers, with enticement surrounding the picturesque location and design of the proposed plans," Highland said.

“Despite recent interest rate rises putting pressure on housing prices and mortgage availability, we remain very positive on the Southern Shire apartment market, particularly for strong developers like Fiducia.”

<a data-entity-type="file" data-entity-uuid="22d7ddc9-31b1-48ff-8a82-2474c3d3873c" href="/new-apartments/cronulla-nsw-2230"><img alt="Render of the Cronulla beachside development, Callista." data-entity-type="file" data-entity-uuid="22d7ddc9-31b1-48ff-8a82-2474c3d3873c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/LAANSTUDIOS_COMMUNAL%20AREA_FINAL5000.jpg?VersionId=9dJ4vcmMougkHQzxapktsN9ZGjjVphMQ" /></a>Render of the communal area in the Cronulla beachside development, Callista.

Since Callista launched to the market late last year, Highland has witnessed strong enquiry from a range of buyers including young professionals, downsizers with a love for beachside proximity, and locals seeking an upgrade in living.

Callista has had two sales to date with a ground floor three bedroom selling for $2.75 million and the only penthouse in the project, which sold for a record $7.3 million.

The remaining stock is priced from $2.35 million to $5.3 million with the average price of $25,424.44 per sqm.

Construction commences on $43.8m Cronulla apartments, Callista

Sam Arnaout’s Iris Capital is set to fast-track development of the final stages of its $1 billion East End Village in Newcastle after securing $50 million in sales just a month into their launch.

The rich lister is aiming to start construction of stages three and four of the transformational development by the end of this year following the massive sales run that has been led by local buyers.

“The market response to our final release of apartments has been exceptional and we will begin construction as soon as final approvals have been granted,” said Arnaout.

<img alt="Render of the final East End stage in Newcastle" data-entity-type="file" data-entity-uuid="66cdd2cc-c38c-4a88-b318-b23cc700aaf2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/EE_S3_S4_Cam09B_FINAL.jpg?VersionId=TfiV3Zq550nZ7EUsXrSkHFOBXAAQZjY_" />Render of the final East End stage in Newcastle

“We entered the Newcastle market with confidence when we took on the East End Village development in 2016, and that confidence has never waned. The infrastructure spent over recent years to transform the city have made Newcastle CBD one of the most sought-after addresses for locals as well as buyers from Sydney.”

Project marketers Urban Activation, led by Matt George, was appointed in early March to oversee marketing and sales of the East End Village with the team for the $450 million final stages.

“Our team hit the ground running with the latest release of apartments which offer buyers the last chance to be a part of the most significant urban renewal development ever undertaken in Newcastle,” George said.

“Our team has been inundated with inquiries from buyers, most of them locals, as demand for inner-city living in Newcastle continues to firm in the current market. Buyers are looking for premium residences with urban amenities right at their doorstep.

“The sales already achieved by our team support our longer-term view that Newcastle and the Hunter Valley are among the strongest residential property markets in Australia at the moment.”

<img alt="Render of the Newcastle project East End" data-entity-type="file" data-entity-uuid="15f79f65-9643-4f6f-b248-fa64145bc171" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/EE_S3_S4_Cam03A_FINAL.jpg?VersionId=g1DuBHs_YcGgIPYiRYKEb8_b6s0x6q_m" />Render of the Newcastle project East End.

Iris Capital’s vision for East End Village spans twelve new buildings over four blocks in the Newcastle CBD, including the sold out first stage comprising the historic Fabric House, Washington House, and Perkins &amp; King buildings which have been transformed into a retail and multi-residential precinct that is centred on the open space of Lyrique Lane.

The final two stages are a collaboration between three architectural firms, SJB, DBJ and Curious Practice, all of which won a design competition for the best achieved design excellence amongst their peers.

One-bedroom residences in the final stages of East End Village are priced from $750,000, while two-bedroom offerings are priced from $1.15 million and three-bedrooms from $2.75 million.

[smartcode_project_cta:default project_id=107744]

Iris Capital secure $50m sales blitz in a month for final Newcastle East End stages

Property developer Holdmark Group is set to create another mixed-use village in Sydney's west, submitting plans for a huge 5.5 hectare site in Kingswood, next door to Penrith

The Caddens Corner project, neighbouring&nbsp;Western Sydney University and TAFE NSW,&nbsp;will flank the Caddens Corner Shopping Centre on O'Connell Street. The plans are for a 19-building community, which will bring new residential, retail and commercial, as well as extensive landscaping and community gardens.

Just under 600 dwellings are planned as part of the&nbsp;$283.5 million masterplan.

Holdmark, who are involved in the development of a vibrant community in Melrose Park, said they took learnings from the Caddens community which helped shape the design.

"We have learnt a lot about Caddens and the greater region through our experience with the community and shoppers at Caddens Corner," a Holdmark spokesperson said.

"We understand what they love about Caddens and we also understand what they want to see for the area."

<img alt="Caddens Corner" data-entity-type="file" data-entity-uuid="c5b9320a-249f-4108-833c-d3063fa1eef8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-26%20at%203.23.24%20pm.png?VersionId=OpC_D_Jj6QmriawZPwu_H.pzGeiJ.BSm" />

Holdmark says the&nbsp;project was created with the community at the forefront of design and place making.

"The development aims to further establish Caddens a strong and vibrant community precinct with many different civic, natural and urban spaces all connected together.&nbsp;

"New community meeting places, parks, natural reserves and walkways will be accessible to the community and delivered part of this project."

The project will be delivered in four stages, the first stage bringing 145 dwelling across five buildings. There will be around four to five buildings delivered per stage. The last stage, which will see six buildings constructed, will also include four shops and new food and beverage tenancies.

<img alt="Caddens Corner" data-entity-type="file" data-entity-uuid="c137a140-6991-4711-8292-5ff418809c9a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-26%20at%203.22.52%20pm.png?VersionId=mMDJyG6IOsDMWdksA2N6LUgrc6WinjiH" />

Part of the brief to architect Turner Studio was to create a number of different housing typologies which would suit a variety of buyer.

"The project creates a diverse product offering appealing to different purchasers at different stages in their lives, whether it be ground floor lofts or upper level terraces with landscaped rooftop community spaces," Holdmark said.

Turner Studio noted that the proposed design will incorporate this generic suburban shopping centre into a pedestrian friendly village centre.

"The proposal to enhance the quality of the site by transforming it into a mixed-use precinct will bring vibrancy and interconnectedness to the existing retail centre and the emerging locality," Turner wrote in their Design Report to the Penrith City Council.

<img alt="Caddens Corner" data-entity-type="file" data-entity-uuid="c625f33f-6dc5-4481-9dad-a4540563ed7b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-26%20at%203.23.30%20pm.png?VersionId=7iRppm4WYHsHAAU7bSYtLVHtbsTcX1cj" />

"The public spaces drive the overall design of the precinct, with a series of public spaces in the form of tree-lined streets courtyards, a retail plaza, a public park that are connected by streets and laneways with unique characters."

Turner says the&nbsp;development proposal builds upon the vision and objectives of the Caddens DCP by creating a vibrant and diverse mixed-use development that responds to local needs by supporting the future culture of the local community.

The project is around five kilometres from downtown Penrith.

First look exclusive: Caddens Corner to secure nearly 600 dwellings in $283 million masterplan

AURA by Aqualand, the $1 billion mixed-use development in North Sydney, has achieved a construction milestone, reaching the top of the tower, contributing to the evolving skyline of the area.

Part of any good marketing campaign is the showroom or display suite, particularly for a project of this size and calibre. Aquland's overall marketing strategy for AURA by Aqualand has&nbsp;earned the company a nomination as a finalist in the AREA Awards' 'Game Changer of the Year' category.

The nomination recognises Aqualand's progressive approach towards customer experience, providing prospective buyers with comprehensive information about North Sydney's public domain strategy, future amenities, transport, and growth areas.

This approach has been facilitated through technology that has not been previously seen in Australia.

Since the launch of the marketing campaign in December 2021, AURA has generated solid sales enquiries, with a significant contribution from the evocative computer-generated images (CGI) and animation produced by the reputable architectural visualisation company, Binyan Studios.

<img alt="Image inside the AURA by Aqualand display suite, showcasing the innovative features the group has included" data-entity-type="file" data-entity-uuid="12e852a8-e14e-41ef-80ac-c0e8056477cf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/AURA%20Display%20Suite%203.12.21_13.jpg?VersionId=EkJCh1KznMUx.5sG66TEZ1VzLRUQN3rx" />Image inside the AURA by Aqualand display showroom, showcasing the innovative DS-Immersion wall.

The CGI and animations take centre stage in AURA's display showroom, which showcases a newly installed interactive digital masterplan of the new North Sydney.

This display has been created in partnership with the proptech company, DisplaySweet. The use of advanced technology in the marketing campaign has set a new benchmark in the industry, making Aqualand's nomination well-deserved.

The display showroom revolutionises the property marketing customer journey and challenges traditional sales methods, Aqualand’s Head of Sales and Marketing Alex Adams said.

“A big feature of the display showroom is the interactive digital masterplan, which highlights projects outlined in the North Sydney Strategy and is not only a visually impressive tool; it also demonstrates our commitment to providing our clients with a wealth of information and context about the area they are investing in,” Adams said.

“This allows them to make informed decisions and visualise the long-term value of their investment.”

Aqualand’s Group Managing Director, Jin Lin, credits his team’s dedication and approach to collaborative partnerships with industry leaders including Binyan Studios, DisplaySweet and The Property Agency, for the award nomination.

[smartcode_project:default project_id=30959 project_image_fid=202986]

“Part of the reason AURA has been so successful since its launch is also due to the visually breathtaking creative used across its marketing campaign, including advertising, brochures and website all designed by specialist agency The Property Agency, who’ve branded developments across Australia for over 35 years,” Lin said.

“We’re proud to be recognised for our efforts to reshape the industry and create unparalleled experiences for our customers.

“Being named a ‘Game Changer of the Year’ finalist is a testament to the hard work and dedication of our team and our partners,” he added.

According to DisplaySweet ANZ Account Director Marcus Skeggs, the display showroom is “easily the most innovative in the country.”

“AURA’s interactive display showroom transforms the customer journey, allowing buyers to visualise their future homes through cutting-edge technology, including the DS-Immersion Wall, DS-Immersion Room, and interactive digital masterplan of North Sydney, Sydney’s CBD and Sydney Harbour," Skeggs said.

“Aqualand continues to set new standards and drive positive change, cementing its reputation as a true game changer."

<img alt="Image inside the AURA by Aqualand display suite, showcasing the innovative features the group has included" data-entity-type="file" data-entity-uuid="6fa2208e-efd8-45b4-a821-4b3d46ac558f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/AURA%20Display%20Suite%203.12.21_14.jpg?VersionId=jaJTWQSftHtqDuPvvqSGm1qvkXCD6vJh" />Image inside the AURA by Aqualand display showroom, showcasing the innovative DS-Immersion room.

With the recent introduction of the interactive digital masterplan in the AURA showroom, Aqualand has demonstrated its vision for the future of luxury property marketing and customer engagement.

“Aqualand’s in-house delivery and state-of-the-art approach to the display showroom exemplifies the kind of innovation and commitment to excellence that we need in the property development sector,” Lin added.

“By incorporating technology and working with the best in the industry, we’re transforming the way people experience luxury property marketing.”

Construction on the landmark mixed-use development at 168 Walker Street has reached midway point and is slated for completion in mid-2024. The project is being delivered by Aqualand’s internal construction arm, which the developer launched to safeguard the integrity, efficiency and safety of its projects.

In addition to the $1 billion North Sydney project, Aqualand's pipeline also includes their upcoming Central Barangaroo project which is the final stage of the Sydney CBD waterfront precinct.&nbsp;

[smartcode_project_cta:default project_id=30959]

Aquland's overall marketing strategy for AURA by Aqualand has earned the company a nomination as a finalist in the AREA Awards' 'Game Changer of the Year' category

How Aqualand are changing the game with their AURA by Aqualand display showroom

Sydney's north west is booming at the moment as more take to the outskirts of the city.

The development of the Metro train line aided in the growth, with easier connections to the CBD and wider community and major drawcard.&nbsp;

But there's also been a major influx of residential development, not only catering to the demand, but also bringing new residents into the north-western suburbs.&nbsp;

Prominent developers Deicorp have been a major player in the game out west, with the group currently developing both the Hills Showground Precinct in Castle Hill and Tallawong Village just outside of Rouse Hill.

That's where Kellarney Developments are also developing, just outside of Rouse Hill at Box Hill.&nbsp;

[smartcode_project:default project_id=22636 project_image_fid=208857]

Located on the fringe of the new Box Hill Town Centre, Killarney Ponds will target the family occupier market, with the project located within 15 minutes of 15 different schools and education facilities.&nbsp;

With construction well underway, all of stage one has already been sold out, with the group now selling stage two.

The group have made lifestyle a priority when designing the homes, which feature stylish, modern spaces that&nbsp;extend from the living spaces into common areas, including an array of lobby-style common areas.

There's 62 apartments on offer at Killarney Ponds, with a mix of one, two and three-bedroom apartments spanning from&nbsp;110 sqm through to 170 sqm.

The homes have been designed to maximise on space, with the open plan living spaces flowing seamlessly onto generously-sized balconies and courtyards, taking advantage of the natural connections.&nbsp;

[smartcode_project:default project_id=22636 project_image_fid=208858]

There's also a collection of just eight townhouses on offer at Killarney Ponds, spanning from&nbsp;140 sqm to 165 sqm, as well as a more premium offering of penthouse apartments in the upper levels of the building.&nbsp;

Penthouse residents will enjoy a private alfresco area, while there's also a larger alfresco area for all residents on the ground floor, in addition to a picnic area, gym and function room.&nbsp;

Prices begin from&nbsp;$549,000 for a one-bedroom apartment, while the two-bedders are priced from&nbsp;$670,000 and three-bedders from&nbsp;$765,000.&nbsp;

Sitecorp are currently construction the development, with completion slated for September this year.&nbsp;

[smartcode_project_cta:default project_id=22636]

There's 62 apartments on offer at Killarney Ponds, with a mix of one, two and three-bedroom apartments spanning from 110 sqm through to 170 sqm

Family-occupiers the target for new Box Hill apartment development, Killarney Ponds

Urban Property Group (Urban) have expanded their $2.5 billion residential apartment pipeline, purchasing The Halston, the <a href="/developments/north-strathfield-nsw-2137">North Strathfield</a> apartment project.

The development approved, 145-unit project will be Urban's first project in <a href="/developments/north-strathfield-nsw-2137">North Strathfield</a>. It has a forecasted end value of $150 million.

The Australian-owned development company, who operate all over Sydney with projects from Little Bay to Penrith, bought the George Street development from Piety Group.

Laver Residential Projects Director&nbsp;Dennis Vertzayias says Urban's one-stop-shop as a developer builder breeds confidence in the off the plan market.

[smartcode_project:default project_id=29396 project_image_fid=195578]

"It gives us as agents, and the prospective buyers, assurances that the project is going to get built, which is particularly important in this current environment of high labour and construction costs,"&nbsp;Vertzayias says.

"There's a certainty behind the time frame, as well as quality control, when the developer is also in charge of the build."

Vertzayias says there's not a lot of brand new apartment stock in the area.

"The Halston is the only project under construction, and is the only choice for brand new living, in a precinct close to transport, retail, and with all of the Olympic Park amenity also close by."

Demolition on site has commenced, with completion slated for the end of 2024. Laver Residential Projects Project Director Sam Elbanna is handling the sales at The Halston.

[smartcode_project:default project_id=29396 project_image_fid=195557]

Designed by FUSE Architects and Sydney-based architecture studio Jackson Teece, The Halston offers a range of one, two and three-bedroom apartments across three buildings.

The site occupies a well-serviced area referred to as “the triangle of hubs” between Rhodes, Olympic Park and Burwood with proximity to Sydney’s CBD, as well as restaurants, parks, schools and Westfield Burwood.

Urban Property Group Chief Operating Officer Mark Elias, said the team are excited with the acquisition and to continue to expand their development pipeline.

"The opportunity to acquire a site as strategically located as the Halston, inclusive of its development approval, was one we couldn’t pass up," Elias said.

[smartcode_project:default project_id=29396 project_image_fid=195577]

"With units already selling, we are aiming to deliver the project on an accelerated timeline with construction commencing in April 2023 and expected completion at the end of 2024.

“We are proud to continue to expand Urban’s residential portfolio of developments with market-leading design and amenity, while also catering to those across the socio-economic spectrum with an affordable housing offering.”

<h3>About the developer</h3>

Urban is a progressive, family-owned property company with a passion for market-leading design and has a proud legacy of development in Western Sydney.

As a family business with over three decades of experience, Urban has grown into a&nbsp;multi-disciplinary organisation&nbsp;with the capacity to fund, design, develop, and build its own projects, and brings this unique set of experience and values to the project.

[smartcode_project_cta:default project_id=29396]

The Australian-owned development company, who operate all over Sydney with projects from Little Bay to Penrith, bought the George Street development from Piety Group

Exclusive: Urban Property Group buy The Halston, North Strathfield apartment project

Sydney apartment developer Central Element and their joint venture partner Develotek are heading to Sydney's Inner West region for their next project.

They've lodged plans for a boutique development on the waterfront in Drummoyne, which will be the first project in decades to be released on Drummoyne Bay.

The project, dubbed Bianca Drummoyne at&nbsp;2C – 2D Wolseley Street, will comprise just 12 three and four-bedroom apartments, designed to take in expansive views of the water and city skyline through the&nbsp;floor-to-ceiling glass windows. The resident amenity has been focused around the rare waterfront location, with an outdoor swimming pool and communal gardens all fronting the water.

Award-winning multi-disciplinary architecture and design firm SJB have been appointed to lead the creative vision for the project – handling both architecture and interiors. A long-standing partner of Central Element, Principal Adam Haddow and the team having worked tirelessly on projects including Pienza Neutral Bay and Ethos Chatswood.

<img alt="Drummoyne" data-entity-type="file" data-entity-uuid="324f1c2e-2d2a-4855-bba3-de59657f85e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-18%20at%2011.22.29%20am.png?VersionId=ZZTD28wwgPfA.LOloM8IHZaLw1TBxU0x" />

Nathan Chivas, Managing Director of Central Element, expressed his enthusiasm regarding the company's expansion and increasing momentum in the Sydney market.

“The Drummoyne site will mark the company's first project in the Inner West, an area known for its unique location on the peninsula surrounded by water on three sides, and only six kilometres away from the Sydney CBD," Chivas said.

"This strategic move aligns with the company's vision of seeking out exceptional sites in premium suburbs to build luxurious living spaces of the highest quality.

“We are delighted to be working with Develotek, and our trusted creative team at SJB on the design and interiors for this truly exclusive new project in Sydney’s inner west.”

Develotek is an Australian property development and investment group specialising in the design and development of apartment living across Sydney.

John Fernandes, Director of Develotek, said they are&nbsp;excited to deliver the rare project with Central Element.

"This exceptional project will offer a unique combination of direct North-facing waterfront living and a breath-taking aspect to the city and the Drummoyne Peninsula.

"The seamless fusion of these features not only promises a lavish living experience but will also provide a range of health benefits associated with waterfront living and natural sunlight exposure.

"Residents can relish in the luxurious lifestyle that comes with living on the water’s edge while enjoying the added advantage of improved health and wellbeing”

Drummoyne is expected to launch to market in the second half of 2023.

Central Element is currently selling Pienza in Neutral Bay and Ethos Chatswood. They're also expected to launch their $100 million Hyde Park project this year.

The project, dubbed Bianca Drummoyne at 2C – 2D Wolseley Street, will comprise just 12 three and four-bedroom apartments, designed to take in expansive views of the water and city skyline

First look: Central Element and Develotek lodge plans for Bianca Drummoyne

A carwash facility and a car mechanics in the heart of North Parramatta is set to make way for a new apartment development, committed to helping solve the current shortfall of affordable housing in the area.

The new project at 132 Victoria Road, on the border of North Parramatta and Parramatta, will bring 45 apartments to the small suburb of just 12,000 people, with over half part of the affordable housing initiative.

North Parramatta has a tight unit market. As of March 31, just 13 units were for sale in Parramatta, while over the 12 months to March 31, asking rents for units increased by 15.8 per cent.

<img alt="North Parramatta" data-entity-type="file" data-entity-uuid="cbc83d33-435c-4800-bf52-382450af81a9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-18%20at%208.57.58%20am.png?VersionId=P2gXM19ajaPqmawMhondEx6Yxs6uHNFy" />A render of the proposed plans at 132 Victoria Road. Image credit: JS Architects

A&nbsp;Social Impact Assessment by Urbanism Planning &amp; Development said it was these stats that&nbsp;suggests that there may be a lack of affordable rental housing in North Parramatta given that the suburb has a higher portion of loan person households than Parramatta LGA but a limited supply of affordable rental accomodation.

"The most significant indicator of continuing unaffordability is that despite a -4.6 per cent decrease in the median value of houses in North Parramatta over the past 12 months there has been a 15.8 per cent increase in the asking rents for units and a five per cent increase in asking rents for houses over the same period," the report noted.

"Although broader economic factors including inflation and rising interest rates are causing a correction in median house and unit prices locally, the rental market is experiencing strong rental demand and rental price growth. This continue to increase housing stress for renters in North Parramatta."

The 45 apartments, designed by JS Architects, are split into three one-bedroom units (seven per cent), 24 two-beds (53 per cent), and 18 three-bedders (40 per cent). 27 of the apartments will be reserved for affordable housing.

There will be three retail spaces on the ground floor, fronting both Victoria Road and Gaggin Street, as well as a communal rooftop terrace with playground and dining areas.

<img alt="132 Victoria Road North Parramatta" data-entity-type="file" data-entity-uuid="1238194c-d29c-4003-a412-8185651e8d99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-18%20at%208.58.04%20am.png?VersionId=yWKgiDqSrxMseTYHGyStZqb_985xhqNa" />A render of the proposed plans at 132 Victoria Road. Image credit: JS Architects

Landscaping is a key feature in the project.

Landscape architect Naddi Designs said that as the Parramatta LGA&nbsp;undergoes significant transformations with Parramatta highlighting itself as the second city of Sydney, it is key that developments such as this contribute positively to the landscape character of the area.

"The vision for 132 Victoria Road seeks to deliver a range of landscape opportunities and enhance the development's synergy with its current and future context," Naddi Designs noted in their Landscape Proposal report.

"The planting selection has considered areas of the subject site including the street frontage, western ,eastern and northern landscapes, areas of shade and the rooftop terrace for best practice in design.

"The final landscape character of the site will further accentuate the unique architectural forms, unlock unique opportunities and experience for users, and create an attractive outcome the the areas and the street front."

<h3>Fast Facts</h3>

<ul>
	<li>Address: 132 Victoria Street, North Parramatta</li>
	<li>Site area: 2025 sqm</li>
	<li>Apartments: 45</li>
	<li>Three x one-bedroom apartments</li>
	<li>24 x two-bedroom apartments</li>
	<li>18 x three-bedroom apartments</li>
	<li>Three retail spaces with a combined 742 sqm</li>
	<li>Resident car spaces: 89</li>
</ul>

The new project at 132 Victoria Road, on the border of North Parramatta and Parramatta, will bring 45 apartments to the small suburb of just 12,000 people



New North Parramatta apartments to plug gap in affordable housing

TQM Group and ACE Property Development Group are set to present their upcoming project The Grand at an exclusive sales launch event.&nbsp;

The event will take place on Saturday April 29 from 12 pm to 4 pm at the Lyons Den Gosford, just up the road from where The Grand is located on Mann Street.&nbsp;

Buyers will be able to discover the design of the apartments, as well as get an idea behind the state-of-the-art amenities that will be on offer once the build is completed.&nbsp;

[smartcode_project:default project_id=22753 project_image_fid=210669]

Food and drink will be served as buyers have the chance to speak to the team of agents and in-house experts who will be on hand to answer any questions.&nbsp;

Gosford's Mann Street is one of the most ideally located spots for apartment seekers arguably across the whole of the Central Coast.

It's a stones throw from Central Coast Stadium, the Central Coast Leagues Club and its affiliated park, and the Drifters Wharf and accompanying Brisbane Water. Pair that with an array of coffee shops, retail and restaurants, there's no better spot to be in the gateway to the Central Coast.

The&nbsp;amalgamated site was secured for $9.65 million in mid-2021 and is set to comprise&nbsp;138 apartments across an 18-level Kann Finch-designed tower.&nbsp;

The two-bedroom floorplans are priced from $700,000, spanning nearly 100 sqm of internal living space, with each oriented to take in the impressive views on offer at The Grand.&nbsp;

[smartcode_project:default project_id=22753 project_image_fid=210685]

The bowed terraces seamlessly connect to the vast internal living areas, which adjoin to kitted out kitchen and dining rooms, featuring stone island benches, back-lit stone splash backs, brushed brass Parisi tap ware and ILVE appliances.&nbsp;

A street level podium will house a number of food and beverage tenancies, while a resident's infinity pool will crown the podium levels, along with a landscaped garden by Site Image Landscape Architects.

TQM will handle the construction of the project, which is slated for completion in 2025.&nbsp;

Interested buyers can register for the event by <a href="https://www.eventbrite.com/e/the-grand-public-launch-tickets-594259856227">clicking here</a>.

[smartcode_project_cta:default project_id=22753]

The event will take place on Saturday April 29 from 12 pm to 4 pm at the Lyons Den Gosford, just up the road from where The Grand is located on Mann Street

TQM to host exclusive sales launch event for The Grand, Gosford apartment

Local builder developer Saf Developments has paid a record $9 million for Maeve, the luxury townhouse and apartment development project in the heart of Bowral.

Maeve, on a 6,000 sqm site at 18 Kangaloon Road,&nbsp;was sold by Reform in an off-market deal negotiated by Knight Frank agents Nathan Berlyn and Luke Hayes, who are also marketing the 12 apartments and 12 townhouses. The development sale was more than double the price of a medium-density site in the area.

Berlyn said there had been strong demand from multiple developers over the course of the off-market campaign to sell the Maeve site and project, and ultimately it was sold to an existing client who was a local builder-developer.

[smartcode_project:default project_id=134917 project_image_fid=207163]

“This property garnered strong interest largely due to being a development-approved, turnkey site in a great location, within walking distance to town.

“It also has a high-end design and a superb product mix with large, oversized homes that perfectly cater to the growing downsizer market in Bowral.”

Around half of Maeve is already sold. The townhouses are sized at 221 sqm and start at $2.2 million, while the apartments, which range from 131 sqm to 179 sqm, start from $1.7 million.

[smartcode_project:default project_id=134917 project_image_fid=207170]

Luke Hayes said Bowral’s real estate market was performing exceedingly well.

“The biggest driver for demand without a doubt has to be the sheer lack of quality stock available for the local market, who are largely equity buyers wanting to downsize to new homes with house-like proportions,” he said.

“With a growing of the local population now reaching retirement age, demand for this type of accommodation in Bowral has increased considerably each year.

“I’d say also a third of this market are co-primary Sydneysiders looking for a weekender or eventual retirement home.”

[smartcode_project:default project_id=134917 project_image_fid=207165]

According to Knight Frank research, given the shortage of new townhouses and apartments being built in Bowral, the average number of established sales was only 22 across the 2022 year, which was the same volume recorded at the end of 2019.

The median price for an attached dwelling in Bowral has more than doubled since March 2020, with 106 per cent growth to be $1.26 million at the end of 2022.

Knight Frank is selling multiple projects in Bowral including Elmsdale Residences and the upcoming Springfield.

Luke Hayes said Bowral’s real estate market was performing exceedingly well.



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