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?

The development is located at the northern end of Bankstown’s commercial precinct and positioned perfectly to enjoy all the burgeoning region has to offer.&nbsp;

Envisioned to create a new benchmark for integrated living, Spring Square will connect residents to the distinct charm of Bankstown, which is overflowing with high end amenity, abundant recreational spaces and a lively food and entertainment scene.

On the doorstep of Spring Square lies quality education, retail and supermarkets, restaurants and cafes, as well as entertainment options like Hoyts Cinema and the Bryan Brown Theatre.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47626]

The newly built Bankstown RSL Club is also directly next door and Bankstown train station is an easy few minutes’ walk.&nbsp;

As the most significant commercial hub of South West Sydney, Bankstown is also well connected with public transport and roads like the M5 and Hume Highway, providing links to the north, south, east and west with ease.&nbsp;

As the region is at the forefront of a revival, with impetus from the NSW Government’s plan to implement the Sydenham to Bankstown Urban Renewal Strategy well underway, a number of neighbourhoods, public spaces, town centres and community services will also be redeveloped and enhanced.&nbsp;

A new Sydney Metro train line is also in progress, which will connect Bankstown to key employment centres – providing further travel options and improved accessibility. Slated to open to the public by 2024, the new Metro line will be located just 300-metres from Spring Square.

This boost to the local economy has also seen the uncovering of plans for a brand new Bankstown-Lidcombe hospital, with the $1.3 billion health precinct a major boost for the area. Improved civic spaces are also on the cards, as well as a Western Sydney University campus right in Bankstown’s CBD, which will be just 400-metres from the development site.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47627]

Upon completion, Spring Square is set to comprise&nbsp;five towers, with a mix of one, two and three-bedroom offered across the site.

A range of single and double-storey layouts will be constructed, as well as crossover arrangements, with the residences to benefit from&nbsp;Bankstown’s central location within Sydney, along with its elevation, making it one of the highest vantage points.&nbsp;

Residents will be able to take in expansive district, Sydney CBD and Olympic Park views, with each of the towers designed to maximise these outlooks.&nbsp;

[smartcode_project_cta:default project_id=7054]

As the most significant commercial hub of South West Sydney, Bankstown is also well connected with public transport and roads like the M5 and Hume Highway, providing links to the north, south, east and west with ease. 

How Spring Square by Poly taps in to its burgeoning location

Sydney is one of the most popular and desirable cities in the world, known for its iconic landmarks, beautiful beaches, and thriving cultural scene. With its strong economy and growing population, it's no wonder that so many people are looking to buy property in Sydney, particularly for first-time buyers.

Off the plan apartments in Sydney are an increasingly popular option for first-time buyers. Off the plan properties are those that are purchased before they are built, allowing buyers to secure a property at today's prices and move in when the construction is completed. This can be a great way to get into the property market, as off-the-plan apartments are often more affordable than established properties.

When purchasing an off the plan apartment, buyers typically pay a deposit and then make progress payments throughout the construction process. This can be a great way to spread the cost of the purchase over a period of time, making it more manageable for first-time buyers.

Another advantage of buying off the plan is that buyers can often take advantage of government incentives, such as stamp duty concessions, which can save thousands of dollars on the purchase price.

Additionally, off the plan apartments in Sydney can also be a smart investment for the future. With Sydney's population projected to grow significantly in the coming years, demand for housing is expected to increase, which could lead to capital growth on the properties.

When buying off the plan, it's important to do your research and choose a reputable developer and a property that is well-located. Look for properties that are close to public transport, amenities, and employment opportunities. It's also important to carefully review the contract and understand the terms and conditions of the purchase.

In conclusion, off the plan apartments in Sydney are a smart investment for first-time buyers, offering affordability, government incentives, and the potential for capital growth. With the right research and due diligence, off-the-plan properties can be a great way to get into the Sydney property market. 
&nbsp;

When buying off the plan, it's important to do your research and choose a reputable developer and a property that is well-located

Michael Bird

Off the plan apartments in Sydney: A smart investment for first home buyers

As of January 16, property buyers in New South Wales who are seeking to spend under $1.5 million on their first home, can now opt to pay an annual land tax as opposed to the upfront cost of stamp duty.

The First Home Buyer Choice scheme, will also apply to those who&nbsp;signed a contract of purchase between 11 November 2022 and 15 January 2023. For this group, applications to choose the property tax can be made at any time between 16 January 2023 and 30 June 2023.

If settlement occurs on or before 15 January 2023, they will need to pay stamp duty, and then will be able to apply for a refund of the stamp duty from 16 January 2023.

[smartcode_project:default project_id=29359 project_image_fid=207473]

If settlement occurs on or after 16 January 2023, and they have chosen property tax, they will not need to pay stamp duty.

For those who are purchasing land with the intention to build their first home, the price cap will be up to $800,000.

The aim of the scheme is to remove a significant barrier impacting first home buyers entering the property market.

Analysis by Canstar showed that the&nbsp;number of owner-occupier first home buyer loans is over 31.3 per cent down over the 12 months to November, after numbers retreated a further 5.5 per cent over the month.

For a $1.5 million purchase in New South Wales, buyers would be expected to pay $67,000 in stamp duty, which is in addition to a minimum 10 per cent deposit, a total of over $210,000 upfront with both costs before taking ownership of the property.

Annual property tax payments are based on the land value of the purchased property. The property tax rates for 2022-2023 and 2023-2024 will be $400,&nbsp;plus an additional cost of 0.3 per cent of land value.

[smartcode_project:default project_id=112005 project_image_fid=191253]

Premier Dominic Perrottet said this choice will empower first home buyers as they head out to auctions and inspections over the weekend.

“Starting today, first home buyers will get a huge boost with a system that helps rather than hinders their journey to owning their first home,” Perrottet said.

“The opportunity starts now, with buyers able to choose the option that will suit their own financial circumstances and see them come out ahead in the long run.”

Treasurer Matt Kean said more than 6,000 first home buyers are estimated to choose the annual property fee each year.

[smartcode_project:default project_id=6552 project_image_fid=202005]

“This is about giving home hunters the chance to decide what works best for them. It will give people greater flexibility as they approach one of the biggest investment decisions most will make in their lifetime,” Kean said.

“Home ownership builds economic security, financial independence, personal freedom and offers people a stake in our nation. This reform will bring thousands of people closer to that dream, sooner.”

The First Home Buyer Choice is a key component of the Government’s $2.8 billion Housing Package announced in the 2022-23 NSW Budget.

For more information visit the NSW Government website <a href="https://www.service.nsw.gov.au/services/housing-and-property/land-tax-property-tax-and-stamp-duty">here</a>.&nbsp;

Analysis by Canstar showed that the number of owner-occupier first home buyer loans is over 31.3 per cent down over the 12 months to November


Changes to NSW stamp duty explained: What it means for first home buyers

Sydney, the capital of New South Wales, is one of the most popular cities in Australia for property investment. The city's strong economy, stable job market, and growing population make it an attractive destination for both local and foreign investors.

However, with the current market conditions in Sydney, now may be the perfect time for investors to consider buying off-the-plan apartments.

One of the main factors that make now an ideal time to invest in off-the-plan apartments in Sydney is the city's population growth. According to the Australian Bureau of Statistics, Sydney's population is projected to reach 7.1 million by 2031, with the majority of the growth concentrated in the Western Sydney region.

This increase in population will lead to a higher demand for housing, making off-the-plan apartments a sound investment opportunity. With more people moving to the city, the demand for housing will continue to increase, and this presents a great opportunity for investors to enter the market and take advantage of this trend.

Off-the-plan apartments also offer a number of benefits that established properties do not.

For one, off-the-plan apartments are generally sold at a lower price point compared to established properties, providing investors with the opportunity to enter the market at a lower cost.

Additionally, off-the-plan apartments are often located in new or upcoming developments, which can offer a range of amenities and infrastructure that established properties may not have access to. Furthermore, these properties are often designed to be energy-efficient and sustainable, which can also add to their appeal.

The off-the-plan apartment market in Sydney is also currently experiencing a boost due to the government's recent policy changes. The New South Wales government has announced several initiatives aimed at boosting the construction industry and increasing the supply of housing.&nbsp;

These initiatives include the introduction of the Low Rise Medium Density Housing Code, which will make it easier for developers to construct duplexes and townhouses, as well as the extension of the HomeBuilder scheme, which provides financial assistance to eligible first-home buyers.

Furthermore, off-the-plan apartments in Sydney offer investors the opportunity to take advantage of the city's strong rental market. With a growing population and a stable job market, the demand for rental properties in Sydney is high.

Off-the-plan apartments can provide investors with a steady stream of rental income while they wait for the property to be completed and settled. This can be a great way for investors to generate income while they wait for their property to appreciate in value.

However, as with any investment, it's important to do your own research and seek professional advice before making a decision. It's also important to consider the location of the off-the-plan apartment, as some areas may have a higher demand for housing than others. Additionally, it's important to consider the developer's reputation and track record, as well as any legal and regulatory requirements that must be met before purchasing an off-the-plan apartment.

In summary, buying off-the-plan apartments in Sydney can be a great investment opportunity due to the city's population growth, low interest rates, government initiatives, and strong rental market.

However, it's important to do your research, consider the location and developer, and seek professional advice before making a decision. With the right research and due diligence, buying an off-the-plan apartment in Sydney can be a great way to enter the property market and generate long-term returns. 
&nbsp; 
&nbsp;

With the current market conditions in Sydney, now may be the perfect time for investors to consider buying off-the-plan apartments.



Why now is the perfect time to invest in off-the-plan apartments in Sydney

The small Parramatta suburb Dundas is set for a fresh new apartment development.

Plans have been submitted by HVH Investment Pty Ltd, directed by Chinese-born, Pymble-based Hung Shang,&nbsp;for a two-building development on an&nbsp;amalgamated 3318 sqm site across&nbsp;7-7B St Andrews Street &amp; 79-79A Kissing Point Road.

Centred largely around the future Dundas Light Rail Station, which is part of the Parramatta Light Rail project, due to be completed in 2024, the development is the final parcel of land to be consolidated into a residential flat development, set within walking distance to transport, retail, community and green amenity.&nbsp;

Two five-storey buildings will be constructed across the “arrow-shaped” site, with Building A fronting the cul-de-sac on St Andrews St and Building B oriented toward the busy Kissing Point Rd. Due to the topography of the site, Building B’s massing has been reduced, steeping down to allow the rooftop space and subsequent podium to be relatively hidden from the street view.&nbsp;

<img alt="Render of the proposed Dundas development " data-entity-type="file" data-entity-uuid="4f34af9f-99c5-4f7a-888a-5a52c5bd9157" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-16%20at%202.51.00%20pm.png?VersionId=pI3BQCPnbvV.dfdPcpMMKNOLLVRoKdpF" />Render of the proposed Dundas development. Credit: Texco Design

Designed by the architects at Texco Design, with direction from Hsien Ming Lee, Building A will split 40 apartments into two transportation cores, with a 22-18 split between the western and eastern lift cores, creating a more liveable environment, while Building B will feature just 13 apartments.&nbsp;

Most of the apartments take advantage of the site’s favourable northerly orientation, which allows plenty of natural light into each of the homes, with projecting concrete shelves on each floor consequently incorporated to help to shade the opening from overexposure in the warmer months.&nbsp;

The building massing is also highly articulated, which allows for many apartments to be able to access dual aspects, thus promoting natural ventilation through the units, which helps passive cooling in the summer.

A mix of apartments will be delivered across both buildings, with six one-bedroom apartments penned, along with 34 two-bedroom and 13 three-bedroom apartments.&nbsp;

The design of the apartment layouts is kept fairly functional and efficient, with combined living, dining and kitchen areas created to fill the current market requirements.&nbsp;

Most of the kitchens have been provided with island benches, with sinks facing the living space, to ensure visual connectivity within the living space. The bedrooms, again, are a fairly standard fare for today’s Sydney housing market, with rectilinear layouts, and a wardrobe on one end.&nbsp;

“Where possible, we have expanded either the ensuites to master bedrooms, or the wardrobes into walk-in spaces for the larger units, to add a degree of luxuriousness to these primary bedrooms,” Lee says in the group's design statement."&nbsp;

Some of the apartments - namely the two and three-bedders - have also been afforded study corners, acting as informal extensions of the living spaces.&nbsp;

The proposed development features a neutral colour palette which is at once reflective of its street context, and more sophisticated, perhaps in part due to its cooler tones, in its blending of browns, greys and blacks. The predominant colour of the development is set by the choice of brown-grey bricks for most of the external walls.

“These massing's are occasionally broken up by vertical blocks of dark grey, and blade walls in dark brown.”

<img alt="Render of the proposed Dundas development " data-entity-type="file" data-entity-uuid="6c0dc05e-69bb-4736-afd3-ea1358c01d9b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-16%20at%202.51.23%20pm.png?VersionId=wnKn4.iOTrfyK_mY9rGtCw5nZNXvC0Wn" />Render of the proposed Dundas development. Credit: Texco Design

Horizontally, the building is broken up by bands of white in the form of projecting slab edges. The slab edges feature rounded corners to soften the many corners and angles of the building mass, and also add a shadow line, under-lining each slab profile, which Lee says will help create a streamlined and almost fluid appearance to the building profile.&nbsp;

A further sense of rhythm and texture is added to the façade in the form of vertical bars for balustrades, and timber-coloured battens for privacy screening.

A six-metre-wide deep soil and landscaping zone will be incorporated along the northern boundary of Building A, which will form the principal communal open space for the development, as well as being a natural divider between Building’s A and B. The decked communal open space will be sheltered by awnings and pergolas to ensure a degree of shelter from the elements for pedestrians crossing between building blocks.

The rooftop of Building B will house further communal space with an open-air space featuring a recessive awning surrounding the lift and stairs lobby.&nbsp;

Combined with the natural amenity of being adjacent to the Dundas Public School, the site will also benefit from proximity to a small business pocket, located adjacent to the future light rail station, along with an abundance of green open spaces, including the Vineyard Creek Reserve to the North, the Winjoy Reserve to the West, the William Reserve to the East, as well as the Crowgey Street Reserve to the South.&nbsp;

The development site is currently occupied by two detached brick dwellings and brick church building, alongside an asphalt carpark.

Two five-storey buildings will be constructed across the “arrow-shaped” site, with Building A fronting the cul-de-sac on St Andrews St and Building B oriented toward the busy Kissing Point Rd

First look: Apartments slated for final residential site along Kissing Point Road in Dundas

The prolific Bondi Beach developers Eduard Litver and Allen Linz are back developing on the beachfront.

Litver, who runs Capit.el Group, and Linz, of Rebel Property Group, are teaming up with fellow eastern suburbs property developer Gil Baron to create a boutique project at 14-18 Campbell Parade, which runs all the way along the beach front.

The trio, under the development name Bondi Residence Pty Ltd, spent $15 million early last year on a commercial building at the south end of the beach opposite Notts Avenue, the exclusive street of Icebergs and some of Bondi's most expensive apartments. Currently the building is home to Bondi Beach Chemist and Kelp Hairdressing, and a handful of apartments.

The original building on the site was named the Cliff House Hotel, and was built around 1880. The Cliff House was demolished in the early 1920s and a new hotel (now Hotel Astra), was built by Jack Shaw around 1926. The remainder of the site was subdivided and sold, and the current building was constructed a few years later.

Litver, Linz and Baron are proposing the redevelopment of the block, creating seven apartments.&nbsp;

<img alt="Bondi Beach" data-entity-type="file" data-entity-uuid="50423848-3fcf-46a5-a09c-3746b4cace3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-16%20at%201.24.03%20pm.png?VersionId=7c6f0I68Tuf5iKB_eJyTRQdlKvQ5tPZl" />

Brian Meyerson's MHNDU note in their design statement that the&nbsp;proposed development aims to contextually `fit in’ with both its immediate neighbours and the wider suburb.

"The proposed new building had been designed to retain the form and understanding of the Inter-war Flat Building when viewed from the public domain," the design statement submitted to Waverley Council read.

They state the different apartment types and sizes are deemed suitable for the desired character of the area, aiming to attract a range of owners from families and downsizers to young professionals.

There will be six two-bedroom apartments on offer, each occupying half a floor and spanning 86 sqm. The whole top level is crowned by a whole floor, three-bedroom apartment, complete with a fireplace and a full-width, ocean-facing terrace.

"The building is designed generous apartment sizes and internal dimensions to create usable, functional and highly saleable apartments of excellent quality", MHNDU added.

<img alt="Campbell Parade" data-entity-type="file" data-entity-uuid="ddff0f18-9da9-4bd1-9b5a-b04e8e819043" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-16%20at%201.27.59%20pm.png?VersionId=LqNSXCzjkqlilSSEtb61CpyvUDVPtUoo" />

"The apartments facing Campbell Parade are furnished with generous private open spaces overlooking the street which will enjoy direct beach and water views and are considered highly amenable.

"As these apartments are generally East facing they will receive direct morning sunlight and the design aims to maximise this will full width sliding glazed doors to each apartment.

"Coupled with this are the enclosed bay windows which aim to be extensions of living rooms offering a truly inside/outside space and are designed to be habitable all throughout the year and even on cold, wet, windy days."

A focus on the design was to minimise energy use and maximise the efficient use of resources.

Each apartment has a 100 per cent rate of natural cross ventilation, while balcony projections help to control solar access and heat gain by limiting summer sun penetration&nbsp;whilst allowing the lower winter sun to penetrate deep in to the plan and private open spaces.

The ground floor is planned for a single retail tenancy.

Litver, Linz and Baron have all teamed up previously in Bondi. In&nbsp;2016 they spent $19.12 million on the former Bates milk bar at 124 Campbell Parade.

Litver and Linz are well known for their redevelopment of the Bondi Pacific building up the street.

<ul>
</ul>

Brian Meyerson's MHNDU said that the proposed development aims to contextually `fit in’ with both its immediate neighbours and the wider suburb


First look: New apartments set for Bondi Beach's Campbell Parade

KWG are rolling into the new year offering buyers end of year incentives in their Castle Hill development, Castle Island.&nbsp;

The one-off end-of-year offers will see the group contribute to the first year of a buyer’s mortgage, giving up to three per cent of the contract price as a settlement adjustment.&nbsp;

Buyers will only need a $10,000 deposit, with an additional five per cent installed by the end of 2022, with a balance of another 10 per cent deposit needed by the end of March next year.&nbsp;

[smartcode_project:default project_id=112005 project_image_fid=191253]

The $300 million project will comprise 295 apartments across seven buildings upon completion, near the new Hills Showgrounds town centre.&nbsp;

Within a few paces of Castle Island, the $1 billion destination town centre will be linked into the world-class Sydney Metro station, along with the variety of cultural offerings within the Showground.

Led by the NSW government and anchored by a new civic plaza heart, the lively and walkable public realm will be active day, night, weekdays and weekends, with an abundance of green spaces incorporated as well, from a new park, to a green playground, all within a frisbee throw of the residences.&nbsp;

[smartcode_project:default project_id=112005 project_image_fid=191251]

Green at the heart, the nature-driven development stitches together architecture and landscapes to capture the natural spirit of the suburb, with local architectural firm Giles Tribe, collaborating with Hong Kong architects, ARVA and DLN in the design.

Fronted by three directors, Giles Tribe have been at the heart of some of Sydney’s largest and most successful master planned communities, including Breakfast Point, with Director Danny Yeung tipping Castle Hill Showground to become one of Sydney’s most vibrant and well connected neighbourhoods.&nbsp;

[smartcode_project:default project_id=112005 project_image_fid=191250]

Delivering a mix of one, two and three-bedroom apartments, Castle Island is expected to attract interest from a range of buyers, including owner-occupiers, investors and downsizers, with floorplans spanning from 50 sqm to 135 sqm.&nbsp;

Featuring full-height glazed facades, each of the residences connect to extensive views of landscaped open space, immersing residents in the surrounding nature.&nbsp;

[smartcode_project_cta:default project_id=112005]

The one-off end-of-year offers will see the group contribute to the first year of a buyer’s mortgage, giving up to three per cent of the contract price as a settlement adjustment

KWG to contribute to first year of mortgage at Castle Island, Castle Hill apartment development

A private Singaporean developer is seeking to create the newest tower in the evolution of St Leonards in North Sydney.

Plans have been filed for a 39-level, mixed-use tower by&nbsp;Elegant Private, which is directed by the China-born Zirong Zhao.

Zhao has previously sought to develop student accomodation in Sydney's Haymarket. Elegant Private is a subsidy of the Singapore-based commercial property developer Grantal Enterprise.

The plans for the $123 million tower at 100 Christie Street, just across the road from the St Leonards train station and adjoining Christie Street Reserve, include over 5,700 sqm of commercial space in the five-level podium, set above ground floor retail and a six-level basement which will hold 112 resident parking spaces.&nbsp;

<img alt="Christie St" data-entity-type="file" data-entity-uuid="4ca46635-0dae-4fec-9fa6-812a8272d130" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-19%20at%201.20.55%20pm.png?VersionId=4gRKAFTgE2LiIweaWl0Jnqk5I.g.xMKK" />

The residential section of the building will start from level seven, above the landscaped level six outdoor communal area which will feature an extensive variety of resident facilities, from an outdoor cinema to yoga lawns.

A mix of 186 one, two and three-bedroom apartments will be spread over the next 32 levels, with an average of six apartments per floor.

Levels 37 and 38 will home four two-level penthouse apartments, each with five bedrooms, a soaring void over the ground level living area and a butler's pantry.

PTW Architects have designed the tower. Director Simon Parsons, who signed off on the design statement lodged with the North Sydney Council, suggested in the submission that the proposal presents a high-quality mixed-use development in a liveable and connected precinct, to utilise the nearby amenity of St Leonards and Metro Stations and future St Leonards Plaza.

<img alt="Christie " data-entity-type="file" data-entity-uuid="a29dd4bf-88d3-45a0-9466-0b95716dfb73" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-19%20at%201.21.00%20pm.png?VersionId=Xs.kokTraxmKLNKK5rABtG895lisBZFo" />

"The proposed development consists of a tower and podium form, which is in line with the desired future character of the street and surrounding buildings," PTW wrote in their statement.

PTW also suggested the mix, weighted toward two-bedroom apartments, provides&nbsp;great housing choices to the community, but also responds appropriately to the market demand in the St Leonards area.&nbsp;

<img alt="Christie " data-entity-type="file" data-entity-uuid="a52b5d72-64c8-41ba-8ab6-1e7b7610a6ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-19%20at%202.24.13%20pm.png?VersionId=zLOoAivTjFsTuzPf7sORzS6_25ilO5nK" />

The site is divided into two distinct components. On the southern part of the site is a 12-level commercial tower, and to the north is Christie Street Reserve.

As&nbsp;part of a voluntary planning agreement, Christie Street Reserve and Sergeants Lane will be upgraded to a design by RPS landscape architects.

PTW note that the tower and the upgrade of the landscaped areas will combine to create a major piece of urban design that will transform a key hub within the heart of St Leonards.&nbsp;

"The design proposes to transform the public domain by facilitating movement, activating retail frontages, enhancing sight lines and amenities and an overall better connection to Christie Street reserve and the wider community."

<h2>100 Christie Fast Facts</h2>

<ul>
	<li>Commercial/Retail GFA: 5,708 sqm</li>
	<li>Residential GFA: 18,466 sqm</li>
	<li>Total GFA: 24,174 sqm</li>
	<li>Apartment Mix - Total 184 units</li>
	<li>12 One Bed units (6%)</li>
	<li>132 Two Bed units (72%)</li>
	<li>36 Three Bed units (20%)</li>
	<li>4 Penthouse units (2%)</li>
	<li>DDA Units - 37 Adaptable units (20%)</li>
	<li>37 Silver units (20%)</li>
	<li>A communal open space on level six&nbsp;provides for a range of activities for the residents, which include;
	<ul>
		<li>Outdoor kitchen and dining areas.</li>
		<li>Outdoor cinema</li>
		<li>Outdoor golf simulator</li>
		<li>Outdoor office and seating areas</li>
		<li>Outdoor lounge areas</li>
		<li>Yoga lawns</li>
		<li>Playgrounds</li>
		<li>Off leash dog areas</li>
	</ul>
	</li>
</ul>

A mix of 186 one, two and three-bedroom apartments will be spread over the next 39-level tower, an average of six apartments per floor

First look: New mixed-use tower planned for St Leonards

Mirvac are teaming up with the multi-award winning Smart Design Studio to bring a collection of terraces to the rapidly expanding Green Square Town Centre.&nbsp;

Portman St Terraces by Mirvac will introduce seven limited edition terrace homes to the leafy Portman Street, forming a contemporary extension to the Victorian-era terraces and cottages that have endured since the 19th century.

<img alt="Portman St Terrace" data-entity-type="file" data-entity-uuid="ebe0a3c0-7499-4405-a701-448a257c4df7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/MIR2466_GreenSquareBuildingDTerraces_S010_EXT_Facade_Final2000.jpg?VersionId=0pUXElb3MHq1MESlT3yDW5749CvYVJtH" />Render of a&nbsp;Portman St Terrace by Mirvac. Image supplied.

Displaying the signature white on white that has become synonymous with the William Smart led studio, the Portman St Terraces will benefit from their own street address and entry, in addition to a lift from the secure basement parking and a rooftop entertaining deck, complete with an outdoor kitchen and flexible family room.

“There was a sense of creating something quite grand and luxurious but with an understated approach to luxury,” Smart said.

“Something that would feel on trend now and in 30 years. It’s more about the precision of the detailing and quality of the materials and the way they work together.”

The terrace homes will deliver open plan living on the ground level, with four-bedrooms spread across two levels. The kitchens will feature timber joinery and large format stone benchtops, as well as Gaggenau appliances, connecting to timber wall panelling in the living and dining areas.

“The colour palette is also pared back; where Victorian terraces typically favour high contrast, we were interested in exploring a subtle and harmonious combination of materials and colours."

In a further break with Victorian tradition the terraces will be light and airy, with courtyards both in the front and back, along with a central sculptural staircase that funnels light through the building to the rooms on every level.

<img alt="Portman St Terrace" data-entity-type="file" data-entity-uuid="afe7eecf-cf80-462b-b884-fc9a7f4cabb4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/MIR2466_GreenSquareBuildingDTerracesStills_S030_INT_Kitchen_Final2000.jpg?VersionId=5Jc6nmavpTFTUVH8.JFYXoSKGwS15tkv" />Render inside one of the&nbsp;Portman St Terraces by Mirvac. Image supplied.

Mirvac General Manager of Residential Development NSW, Toby Long said the opportunity to own a Smart-designed, Mirvac terrace home in a neighbourhood where new construction tends towards apartments not houses, would satisfy the interest from buyers in search of high-end homes at Green Square.

“Green Square Town Centre has become a magnet for people in search of a luxury designer home where they can enjoy the urban buzz and still be close to the CBD,” said Long.

“The demand for three and four-bedroom residences at The Frederick, a collaboration with Smart Design Studio and Mirvac Design, has been extraordinary. We had the same experience with Portman on the Park and Portman House, a CO-AP and Mirvac Design collaboration, which led to a number of apartment amalgamations to form larger residences.”

“Our Green Square properties have been selling extremely well, signalling the strength of the owner occupier market and the growing appeal of this neighbourhood to those seeking a high end luxury home,” Long added.&nbsp;

While details of the Portman St Terraces have been kept under wraps before the official marketing launch, word of mouth has led to a steady stream of inquiry which has come as no surprise to Long.

“William Smart is one of Australia’s most celebrated architects,” he said.&nbsp;

“We have partnered with Smart Design Studio on several previous projects, including Maxwell Place at Harold Park and The Moreton at Bondi, and The Frederick, which is now under construction.”

In a further break with Victorian tradition the terraces will be light and airy, with courtyards both in the front and back, along with a central sculptural staircase that funnels light through the building to the rooms on every level.

Mirvac reimagines the traditional victorian terrace at Green Square

ALAND has welcomed the first crop of residents in two of their Western Sydney projects; Lotus and Breynia in Schofields and The Hoxton in Liverpool.&nbsp;

Delivering 677 homes to market at a time when New South Wales is facing one of the most dire supply shortages in decades, a majority of the stock has been taken up by first home buyers, looking to get their foot in the property market door.&nbsp;

According to the 2022 Apartment Supply Pipeline Report just delivered by the Urban Development Institute of Australia (UDIA) NSW, the state’s current apartment deficit of 48,000 units is expected to get worse before apartment completions would eventually reach demand.&nbsp;

The report shows that New South Wales would need to produce 25,000 new apartments each year for the next 13 years to balance the scales.

&nbsp;

[smartcode_project:default project_id=29042 project_image_fid=165521]

ALAND founder and director Andrew Hrsto said despite the sobering outlook and the rising interest rate environment, the grroup has forged ahead this year to settle 374 apartments in stages five and six of its staged Schofield Gardens project along with 303 apartments at The Hoxton, a 32-storey apartment project in Liverpool.

“We have been able to find the formula for creating quality homes at affordable prices in locations that are future growth centres,” Hrsto said.&nbsp;

“We’ve been very encouraged that the apartments are settling – the valuations have held up, and our buyers are able to lock in the finance and that’s exceptional news,” Andrew Hrsto says.”

ALAND will have over 1300 apartments under construction in 2023, with 652 apartment units expected to be completed in the second half of the year, as well as progressing the planning of a further 5500 homes.

Currently under construction is ALAND’s Carson on the Park in St Marys that will bring 289 apartments priced from $475,000, Paramount in Parkes in Parramatta will deliver 331 apartments with prices beginning from $655,000.

[smartcode_project:default project_id=9187 project_image_fid=181002]

In Merrylands, The Gladstone Village offers 363 apartments starting at $482,000, while Archibald in Gosford offers 363 apartments starting at $475,000.

“We are dedicated to making a positive contribution to the future of Western Sydney and both Schofield Gardens and The Hoxton, Liverpool are a reflection of that promise. Our commitment is to deliver quality homes that represent true value for money for all buyers,” he added.

Both the Schofields Gardens stages and The Hoxton Liverpool are sold out with more than half of the apartments bought by first-home buyers. At Schofield Gardens, where sale prices were between $430,000 for a one-bedroom and $800,000 for a three bedroom, approximately 56 per cent of the apartments were purchased by first-timers. The Hoxton Liverpool, where prices ranged between $432,000 and $709,000, approximately 55 per cent of apartments were sold to first-home buyers.

[smartcode_project:default project_id=9198 project_image_fid=164866]

“At ALAND, we see an opportunity to help even up that disconnect between supply and demand while delivering quality homes and investment opportunities in Western Sydney, specifically in areas supported by great infrastructure.”

“Liverpool and Schofields are two vibrant communities offering residents a wealth of amenities including lifestyle facilities, great transport connections and employment hubs. We’re delighted to have created these landmark properties which will provide high quality accommodation for hundreds of people for decades to come.”

NSW Treasury data has revealed Liverpool and Schofields were the top two in-demand suburbs for first home buyers over the last financial year. Both developments fell within the price thresholds for a variety of government assistance schemes, therefore allowing hundreds of buyers to get onto the property ladder sooner.

In the year to July 31, the NSW Government assisted first-home buyers with almost $566 million in grants, duty exemptions and concessions.&nbsp;

From January 16, eligible first-home buyers purchasing a home under $1.5 million can also avoid a hefty up-front stamp duty fee by opting into an on-going property tax instead.

[smartcode_project:default project_id=7642 project_image_fid=197136]

ALAND CEO George Tadrosse said by supplying the market with a variety of quality affordable housing stock, both first-home buyers and investors are able to tap into the power of real estate as a source of wealth creation.

“Investors have been turning to these projects in Schofields and Liverpool in the knowledge that there is a genuine need for more rental stock in Sydney. With low vacancy rates and an influx of post-pandemic immigration on the cards, investors are filling an incredible need for accommodation,” Tadrosse said.

In stages five and six of Schofield Gardens approximately 26 per cent of the apartments went to investors while at The Hoxton Liverpool investors accounted for 34 per cent of the sales.

“Our goal moving forward is to continue to help Sydney meet this growing demand by releasing more stock into the marketplace. There are ongoing challenges including the impacts of a complicated planning environment, but we remain hopeful that we’ll be able to continue to progress the additional 5500 homes we have in the earliest stages of delivery next year,” George Tadrosse added.

In stages five and six of Schofield Gardens approximately 26 per cent of the apartments went to investors while at The Hoxton Liverpool investors accounted for 34 per cent of the sales.

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