For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

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

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

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 NSW Government hopes its new Strata Hub system will be live from next May.

The hub is intended to be a central access point that will make it easier for buyers and owners in residential strata buildings to get the information they need. 

The Hub will require strata schemes to provide key information about their scheme to Fair Trading who will provide the information on a portal for easy access.

It will also allow NSW Fair Trading to better monitor strata buildings’ ongoing maintenance and defect management to ensure duties are being upheld and the safety and amenity of strata buildings is preserved.

The aim is that owners and buyers within NSW strata schemes become aware that maintenance of the scheme is not neglected.

The government viewed the information repository as "increasingly important as the uptake of strata living in NSW increases while key information about strata schemes remains hard to find or unavailable."

The NSW Government passed reforms to the Strata Schemes Management Act 2015 in March 2021 to enable an annual reporting scheme to be established through the regulations.

"It is important to note that access to information in the Strata Hub will not replace the need for people who are looking to buy a strata property to perform their due diligence enquiries," the department's latest update advises.

It is anticipated that owners corporations that do not provide their annual report within the allotted time from 2022 can be fined a maximum of $5,500.

Fair Trading will hold some information for compliance purposes only be seen by Fair Trading and other regulatory authorities such as the insured replacement value of the scheme, the balance of the capital works fund.

The NSW govenment issued an explanatory paper last month seeking feedback on its implmentation.

The Department of Customer Service (DCS) is now seeking public feedback on the Information Regulation, available on the NSW Government’s Have Your Say website: www.haveyoursay.nsw.gov.au/strata-report.

Following the feedback, it is anticipated that the final Information Regulation will be published in December 2021.
 
The Hub forms a part of the NSW Government’s broader transformation of the regulation of residential apartment buildings where transparency and better outcomes for consumers are paramount across NSW’s 83,000 strata schemes.

The Strata Hub is being opened in phases with phase one of the Strata Hub, the Strata Building Bond and Inspections Scheme (SBBIS) function going live in July 2021. 

The SBBIS requires developers to pay a two percent bond on newly constructed multi-story strata developments, which can then be used by owners corporations to fix defects. 

Moving the SBBIS into the Strata Hub has been the first step.




The Strata Hub forms a part of the NSW Government’s transformation of the regulation of residential apartment buildings seeking transparency and better outcomes for consumers

jchancellor-FAypfDUnLy

NSW Strata Hub scheme to start May 2022

The Sydney-based developer Abadeen Group has teamed up with the APAC-focused private equity real estate investment group Phoenix Property Investors to create a string of boutique residential apartment projects in Sydney over the next five years.

The $250 million investment will see between 15-20 projects delivered, with over $1 billion in gross revenue forecasted.

The sites will yield between 10 to 50 apartments, located in&nbsp;established and desirable neighbourhoods within 10km of the CBD, and targeting an average of $100m in gross revenue when completed.

Abadeen’s Executive Director, Joseph Tack, said the Residential Development Platform is the culmination of a three-year strategic plan to build a pipeline of prime infill sites to deliver high quality bespoke projects to owner occupier customers.

"The relationship with Phoenix enables us to source high quality opportunities in a competitive environment, with a focus on amalgamations and sourcing off m​arket transactions.

[smartcode_project:default project_id=108800 project_image_fid=179486]

"Our latest acquisition involved the direct approach and amalgamation of 21 strata lots across three buildings, which has taken over seven months to negotiate”.

Trent Winduss, Director and Head of Australian investments in Phoenix’s Sydney office, said the partnership with Abadeen&nbsp;is the realization of a long-considered investment thesis to build a scalable residential development business targeting boutique, quality and desirable apartment living for owner-occupiers in highly sought-after neighbourhoods in Sydney.

"We believe Abadeen is the right partner in helping to realize that thesis given its depth of development experience, vertically integrated project and development management expertise and first-class marketing acumen”.

Since formalising the venture in June, the partnership is off to a rapid start with five active projects and a sixth recently secured located in Crow’s Nest, Naremburn, Cremorne, Mosman and Neutral Bay which have a combined projected gross revenue in excess of $300m.

Development&nbsp;approvals have been obtained by Abadeen for the Crows Nest and Neutral Bay projects, branded ‘KOYO’ and ‘ENSO’ respectively and designed by acclaimed architects Koichi Takada.

KOYO comprises 27 predominantly three-bedroom apartments in a cul de sac setting and is now selling through CBRE Residential Projects.

[smartcode_project:default project_id=108800 project_image_fid=179484]

ENSO offers nine&nbsp;residences on Grosvenor St in the heart of Neutral Bay village, with both projects aimed towards the down sizer market with luxury finishes and extensive local amenities within walking distance.

A development&nbsp;application has been lodged for the 58-unit planned project in Naremburn, designed by Rothelowman, and will include a wider range of apartment sizes including product for first time buyers. A pre-sale campaign is expected to commence early next year.

The joint venture has acquired a further three projects in the Lower North Shore demonstrating confidence in that market for sites which have the required attributes.

Contracts have been exchanged to acquire an asset at Clifford St, Mosman to create 30 apartments and associated retail space on a site acquired from the State Government, and a corner site at 2 Sutherland St Cremorne to develop 14 predominantly three-bedroom residences which offers Bay views to the North and over Cammeray Golf Club to the West. Contracts have been recently exchanged on a sixth asset located in Neutral Bay which is yet to be disclosed.

The $250 million investment will see between 15-20 projects delivered, with over $1 billion in gross revenue forecasted

Abadeen partner with Phoenix to delivery luxury apartment pipeline for Sydney

The Young &amp; Fennelly apartment&nbsp;complex at Randwick, which launched in May, has hit 90 percent sold.

The Cbus Property-developed project comprises 116 one-, two- and three-bedroom residences across a seven-storey "New Deco”-style apartment building and terraces.

It sat at 40 percent sold in early June.&nbsp;

The complex sees completion due in mid 2023.

[smartcode_project:default project_id=100684 project_image_fid=164633]

Colliers Residential advised the update on the second stage of the Newmarket Randwick multi-stage master plan.&nbsp;

The sales have included one-bedrooms for $1.075 million to top-floor three-bedroom residences for $3 million with Bates Smart interiors.

The parkside residences are priced from $2,155,000.

[smartcode_project:default project_id=100684 project_image_fid=164634]

It is close to the cafes and restaurants of the retail and dining piazza, Newmarket Dining, which came in the first stages of the Newmarket Randwick masterplan.

There will be a residents’ communal rooftop space designed by Arcadia Landscape Architecture, with barbecue facilities.

The project takes its name from Fennelly St which pays tribute to Michael Fennelly, who bought the Newmarket property and built the Newmarket Big Stable building.&nbsp;

[smartcode_project_cta: project_id=100684]

Newmarket Randwick project has apartments that have been shaped by post COVID-19 lifestyle changes

Cbus Property's Young & Fennelly Randwick sales hits 90 percent sold

The NSW Government&rsquo;s cladding remediation program, Project Remediate, has seen the first cladding removed for investigation from a Darlington apartment block.&nbsp; 
&nbsp; 
Project Remediate aims to remove all flammable cladding from NSW&rsquo;s eligible high-risk residential apartment buildings by the end of 2023.

To date more than 155 buildings have registered for remediation. 
&nbsp; 
&ldquo;Project Remediate managing contractor Hansen Yuncken will investigate the materials gathered during the assessment process and Global Fa&ccedil;ade Consultant ACOR will give expert engineering and design advice on the best remediation solution for each building. 
&nbsp; 
&ldquo;There are many factors to take into consideration during remediation, including the role the previous cladding played with regards to weatherproofing, wind resistance, durability, thermal insulation and aesthetics, and the work taking place today will lay the framework for the entire physical remediation.&rdquo;

Minister for Better Regulation, Kevin Anderson said the program was important for the families and residents living in apartments impacted by dangerous cladding. 
&nbsp; 
Project Remediate will provide no-interest loans, free expert program management, and the assurance that when remediation work is completed, the work will be accepted by insurers.&nbsp;

For more information or to register for Project Remediate, visit nsw.gov.au/project-remediate.

The NSW Cladding Taskforce was established in 2017 to identify and assess potentially affected buildings following the tragic Grenfell Tower fire in London.

The NSW Government’s cladding remediation program, Project Remediate, has begun

NSW flammable cladding removal program kicks off in Darlington

The NSW Government has appointed John Minns as the state’s first Property Services Commissioner.

It is hoped the move that will herald a new era of trust and engagement between the real estate industry, its regulator and consumers in NSW.
 
Minister for Better Regulation Kevin Anderson noted the real estate industry contributes $100 billion and over 37,000 jobs to the NSW economy. 

"That is why it is critical to have the right processes in place to allow the NSW Government to support this thriving industry whilst maintaining the highest protections for consumers,” Mr Anderson said.
 
The Property Services Commissioner will reflect the successful model taken by the Building Commissioner who has been tasked to reform the building and construction sector.

Minns has more than 25 years’ experience as a real estate business owner and agent, most recently as managing director of  Canberra-based Independent Property Group.

He was previous the director of Academy of Real Estate Services.
 
"At a time of unprecedented change and rapid digital transformation, I am looking forward to working with leaders across the industry to deliver improved consumer outcomes, a vibrant and sustainable NSW property sector and continued innovation,” Mr Minns said.
 
The Property Services Commissioner will sit independently of Fair Trading and will report directly to the Secretary of the Department of Customer Service and Minister for Better Regulation..
 
Commissioner Minns will commence on 6 December, 2021.

The Property Services Commissioner will sit independently of Fair Trading and report to the Secretary of the Department of Customer Service and Minister for Better Regulation..


John Minns appointed to oversee NSW real estate as NSW's first Property Services Commissioner

Construction has commenced on the&nbsp;industrial Alex Collective apartments, in the heart of Sydney&#39;s inner-city suburb of Alexandria.

It&#39;s being developed by Alexa Development and built by Ceerose, who has just commenced construction on the four striking buildings designed by Andrew Burns.

They will home 163 apartments, taking design influences from the industrial suburb and featuring intricate brickwork, saw-tooth roofs, light wells and sky bridges.

Central to the four buildings which will reach&nbsp;four, seven, and eight storeys, is a garden designed by landscape architecture Site Image Group. There will be cabana-styled seating flanked by a magnesium pool.

[smartcode_project:default project_id=29785 project_image_fid=91611]

Edward Doueihi, Managing Director of Ceerose, says the start of construction is an important milestone for Alex Collective and will add to Ceerose&rsquo;s impressive building portfolio.

&quot;We are delighted to bring this industrial inspired residential development to life. Andrew Burns&rsquo; intuitive design for Alex Collective with pattern brickwork and metallic cladding will further enhance the striking facade. Hundreds of jobs will be created during construction which will help the economy as we move out of lockdown.&rdquo;

The start of construction co-insides with the launch of Alex Collective&rsquo;s third building Cooper, a new collection of apartments and penthouses.

Daniel McMahon, Director of&nbsp;Residential at Colliers, says the market remains strong for high-quality apartments situated on Sydney&rsquo;s city fringe.

[smartcode_project:default project_id=29785 project_image_fid=91571]

&quot;Stock is very low in the Inner West which has driven sales in Alex Collective. The project has had consistent sales results during the Sydney lockdown.&quot;

Over 70 per cent of the apartments in Cooper have sold since being launched in early September.

&ldquo;The release of Cooper is proof that demand continues for quality product in key Sydney locations,&quot; McMahon adds.

&quot;Alexandria has always been a highly sought-after location with its unique terraces, warehouse style apartments and heritage homes in a historic industrial-aged setting.&quot;

[smartcode_project:default project_id=29785 project_image_fid=91605]

Over the past 12 months property prices in Alexandria have grown almost 7.05 per cent according to CoreLogic, a trend which McMahon says&nbsp;is expected to continue with significant infrastructure investment in neighbouring suburbs.

There will be&nbsp;expansive views on the upper levels of Cooper, towards the city skyline.

Prices start at $775,000 for a one-bedroom apartments, $1,155,000 for a two-bedroom apartment, and $1.75 million for the three bedders, which offer nearly 120 sqm of space.

[smartcode_project_cta: project_id=29785]

Central to the four buildings which will reach four, seven, and eight storeys, is a garden designed by landscape architecture Site Image Group

Construction starts on the industrial-inspired Alexandria apartment development, Alex Collective

A apartment block in the Sydney suburb of Kingsford has sold for $13 million. 

Located at 54-56 Meeks Street, Kingsford, its comprises eight apartments including six three-bedroom apartments and two five-bedroom apartments, plus 14 car spaces. 

The vendor had bought the the 1,391sqm property in 2016. 

The property was sold to a private local investor through Ray White Commercial South Sydney agent Phillip Elmowy. 

The investment block was built in 2010, just a minute’s walk to the University of NSW and Kingsford shopping centre.

Mr Elmowy said there was a potential income of $412,880.

“It also has development approval for a strata subdivision.” 

“Demand for eastern suburbs unit blocks has strengthened  this year, driven mainly by mum and dad investors and family offices wanting low risk, multi-tenanted assets,” the selling agents said

The 1,391sqm property had eight apartments that last sold in one line in 2016 at $11 million

University proxmity sees Kingsford apartment block fetch $13 million 

JLL has sold a 2,987sqm raw residential development site at Lane Cove, on Sydney’s tightly held Lower North Shore.

Adjoining business owners have capitalised on a joint sales opportunity which has been secured by WINIM Funds Management for $25 million.

Located at 1 Gatacre Avenue and 5 Allison Avenue Lane Cove, the site has high density residential zoning, making for an opportunity for a 7,169 sqm of gross floor area. 

JLL’s Capital Markets (NSW) Associate, Harry Sullivan sold the amalgamated site, formerly comprising of a 43-room hotel and licensed restaurant, and adjacent residential home.

“Active developers are focusing on smaller scale high-quality projects in premium locations. Improving conditions are seeing investors return to the apartment market, looking to capitalise on the strength of the broader housing market and rapidly growing prices. 

"Like the existing housing market, more owner-occupier focused smaller apartment developments across much of Sydney have rebounded and performed strongly over the past year. 

“Demand is being driven by owner occupiers. 

"There has been a significant shift towards catering for the owner occupier apartment market, as there is a lack of supply of luxury apartments,” said Mr Sullivan.

According to JLL Research, the volume of all apartment sales in Sydney has increased significantly since 2Q20. 

The number of apartments under construction rose slightly in 2Q21 to 6,560, in an environment where it is generally smaller, high-quality projects progressing to construction as developers continue to focus on the owner-occupier market.

It noted pricing for these development sites had surpassed pre-pandemic levels. 


JLL has sold an amalgamated site at 1 Gatacre Avenue and 5 Allison Avenue, Lane Cove

$25 million Lane Cove apartment project site sold

Quartz Apartments is an exclusive, new boutique development in Sydney&rsquo;s south-west suburb of Belmore, offering a limited release to the market.

Delivered by Pheonix Builders, Quartz&nbsp;boasts the rare opportunity to purchase a brand new, architecturally-designed apartment in Belmore.

Completed last year, the development features 35 generous oversized units in one and two-bedroom configurations, as well as four retail offerings on the ground floor.

Centrally located in heart of Belmore&rsquo;s shops and caf&eacute;s, the boutique block has been designed to incorporate the natural surrounds through open living spaces and timber flooring.

<img alt="" height="1187" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/belmore2.jpg" width="2096" />

Each residence has been developed using star-rated products and materials with a focus on sustainable features, such as natural airflow.

Interiors boast thoughtfully considered finishes and fittings, floor-to-ceiling sliding doors and a well-appointed kitchen.

Situated 14-kilometres south-west of the Sydney CBD, Belmore is within walking distance to great food, interesting cultures, a sense of history and fantastic transport options.

Quartz Apartments is located only 200-metres from the Belmore railway station, while the Canterbury Leagues Club and RSL are only metres away.

[smartcode_project:default project_id=6694 project_image_fid=24912]

A great selection of schools is also close by, including the top-performing Al Noori Muslim School, All Saints Grammar and St Joseph&#39;s Primary School.

&ldquo;Food and family are intertwined in Belmore,&rdquo; the project marketing reads.

Many family-run restaurants can be found within the postcode, from Chinese, Lebanese, Greek, Thai and Italian, all available on the vibrant Burwood Road.

The development will make a great new home for first home buyers or investors looking to invest in a fast-growing suburb.

[smartcode_project_cta: project_id=6694]

Quartz Apartments is an exclusive, new boutique development in Sydney’s south-west suburb of Belmore, offering a limited release to the market

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Quartz brings rare new apartments to Belmore in Sydney’s south-west 

 Some 193 hectares of land at Wilton has been rezoned.

Some 1,600 homes will be created at Wilton through the rezoning, bringing the town centre precinct on-line with the rezoned North and South-East Wilton Precincts.
 
“The rezoning brings the 20-year vision for the area a step closer, with the town centre precinct featuring new walking and cycling paths, a public transport hub, and a future school site.
 
“Development of the Wilton growth area will build on the NSW Government’s promise to deliver 18,000 homes in south-west Sydney, across Glenfield, Lowes Creek Maryland, Leppington and Wilton.”
 
The rezoning will come into effect on 31 March 2022 for the Wilton Town Centre precinct, allowing time for a Voluntary Planning Agreement (VPA) to be finalised with the proponent to deliver key State infrastructure. 

The draft VPA will go out for public comment in early 2022. 

Locals have expressed concerns Wilton will become like Jordan Springs – "overcrowded and overpopulated."

The Wilton Town Centre Precinct will be the residential, retail, commercial and entertainment core of the Wilton Growth Area and the largest strategic centre in the Wollondilly Shire.
 
The Precinct has been rezoned, with a commencement date of 31 March 2022.
 
We worked with Wollondilly Shire Council and State agencies to prepare the draft planning package, which was on exhibition in November and December 2020. 
 
The precinct rezoning will deliver a major retail and commercial centre to provide jobs and services; about 1600 new homes with a mix of housing types from detached houses to low-rise apartments; 
6.5 hectare land for a new public school, a new major public open space including sports fields; and protection of 37 hectares of environmentally sensitive land; and provision for a central bus terminal.

Mining rights will be extinguished as part of deed of agreement for rezoning process.

The three major landowners in Wilton New Town are Bradcorp, Governors Hill and Walker Corporation. 

The rezoning of the Wilton Town Centre precinct will take effect on 31 March 2022

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