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?

Homebuyers can enjoy savings up to $750,000 by adding just 15 minutes to their daily commute.

By readjusting your search a few train stops further from employment hubs and competitive markets, homebuyers can secure a brand-new off-the-plan property for a fraction of the price.

An extra two minutes on the north-west metro line will save buyers $133,500, with the average Rouse Hill unit price at $668,500, while apartments at Positive Investment Enterprise&rsquo;s Schofields development sells from $535,000 for brand-new two-bedroom apartments.

[smartcode_project:default project_id=32227 project_image_fid=93951]

Kew Schofields delivers a balance between privacy and endless opportunity, located in Sydney&rsquo;s fastest-growing region.

It&rsquo;s no surprise that residents hope to live along the new north-west line, which gets commuters from Rouse Hill to Chatswood in a little over half an hour.

However, many buyers are being priced out of apartments in other metro-line suburbs, including Castle Hill, Epping and Chatswood, thanks to growing demand in these areas.

[smartcode_project:default project_id=93223 project_image_fid=152740]

By living 13 minutes further west, <a href="/buildings/rosella-place-stage-1-56-cudgegong-road-rouse-hill">Rosella Place</a> residents can save up to $265,000 on their three-bedroom home, which is offered from $760,000.

This Rouse Hill property is considerably more affordable than the Castle Hill average unit price for three-bedroom apartments, which sits at&nbsp;$1,025,000 according to the REA Group.

On Sydney&rsquo;s Cumberland line, a five-minute train ride towards Leppington lowers one-bedroom apartment prices by $40,000.

[smartcode_project:default project_id=31751 project_image_fid=160996]

One-bedders in Parramatta average at $434,000, according to REA, while Coronation Property&rsquo;s Merrylands development, Mason &amp; Main, offer an affordable apartment at $394,000.

Mason &amp; Main is ideal for investors and young professionals, located in close proximity to the Parramatta CBD and boasting exclusive residential amenities.

Adding an extra 16 minutes of travel time onto your commute into Sydney can save you $253,000 if you swap a two-bedroom apartment in Erskineville for a brand-new apartment at Bloom Arncliffe.

[smartcode_project:default project_id=6201 project_image_fid=89015]

Erskineville apartments average at $952,000, while the two-bedroom apartments at Bloom, which feature a dedicated study room and private entertaining balconies, are on offer for just $699,000.

In the city&rsquo;s inner-suburbs, securing a three-bedroom unit nine minutes from St James Station can wipe a whopping $767,500 off the price of the same size residence in the Sydney CBD.

[smartcode_project:default project_id=30049 project_image_fid=162882]

According to the REA Group, the average three-bedroom apartment in Sydney is $2,307,500, while Mirvac&rsquo;s luxury art-deco inspired residence next to Green Square station is listed from $1,540,000. &nbsp;

The brand-new 121sqm apartment belongs to the Zetland Portland on the Park project, with bespoke curved ceiling details, built-in robes and smart storage solutions.

By readjusting your search a few train stops further from employment hubs and competitive markets, homebuyers can secure a brand-new off-the-plan property for a fraction of the price

max.kwok_55688

How you can save up to $750,000 on a Sydney apartment by adding 15 minutes to your commute

Boutique property developer Fortis and Dare Property Group have spent for $41 million to secure a Point Piper luxury apartment site.

The sydnicate, headlined by Danny Avidan, plan to develop the 2650sq m site with 18 apartments across four levels.

The corner site, opposite the Rose Bay police station and Cranbrook School, is to be known as Piper House, 2a Wunulla Rd.

The deal was revealed in The Australian last month, but they told the Australian Financial Review this week the end product is expected to be worth around $120 million.

Demolition will start in October with construction underway in February next year.

Charles Mellick, director of Fortis expressed confidence that the proposed development will be well-received by Point Piper locals.

<a href="/developments/sydney-nsw?source_news_article_id=102631&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sydney-cbd-_template_4.jpg" width="1200" /></a>

Mellick is currently renovating a heritage F. Glynn Gilling-designed&nbsp;home on nearby Wyuna Rd.

The development site was sold by CBRE&nbsp;agent Ben Stewart who noted there had been nothing of this scale built in Point Piper for &quot;many, many years.&quot;

Point Piper has around 600 apartments and 200 houses according to CoreLogic.

Non-bank lender Pallas Capital, Fortis&rsquo; sister company, will fund the project that has been designed by Luigi Roselli.

The site consolidation was of five apartments and one house at 590-592 New South Head Rd.

The developer Green Wall was proposing a $150 million, 30-unit development after a deal at just under $40 million, but opted not to proceed with the project.

[smartcode_project_cta: project_id=6126]

The syndicate plan to have 18 luxury apartments across four levels on the 2650 sqm Wunulla Road site

jchancellor

Fortis and Dare propose $120 million Point Piper luxury apartment complex, Piper House

Set in the heart of one of Sydney&rsquo;s most prized harbour enclaves, Ashton is a brand-new addition to the Lower North Shore.

Located on Spit Road, this private sanctuary is the epitome of luxury with 14 residences meticulously planned.

Designed by a+ Design Group, Ashton was the winner of the Sydney Design Awards 2020.

Urban takes a look at five reasons you should consider an apartment at Ashton.

1. Developed by Sun Property

[smartcode_project:default project_id=29139 project_image_fid=82423]

Since its inception in 2010, Sun Property has grown an enviable portfolio of projects, specialising in premium boutique residences and mixed-used developments across Sydney&rsquo;s Lower North Shore.

The developers create engaging places that boast exceptional urban amenities and a quality lifestyle.

Sun Property is a property development company which is dedicated to the creation of quality residential projects

2. Luxurious Residences

[smartcode_project:default project_id=29139 project_image_fid=82424]

Graceful in design and presence, each of the boutique apartments beautifully captures the essence of Mosman&rsquo;s proud cultural heritage.

The architects, a+ Design Group, have tailored the space with light, geometry and proportion, with a unique identity and careful considerations.

The Hamptons-inspired interiors provide a canvas for each residents&rsquo; personal flair.

3. Lower North Shore Location

[smartcode_project:default project_id=29139 project_image_fid=82425]

Ashton sets a new standard for burgeoning developments in Mosman, with a prime position delivering convenience and a community feel.

The development is surrounded by the backdrop of Sydney Harbour and its national park and is just footsteps from the vibrant Mosman village scene.

This includes its beaches, art galleries, grand historic homes, caf&eacute; culture and direct transport to Sydney&rsquo;s CBD.

4. Impressionist-inspired Architecture 

[smartcode_project:default project_id=29139 project_image_fid=82426]

Ashton&rsquo;s architecture is influenced by the narrative of an impressionist painting.

The project is named in honour of Julian Ashton, a well-established artist in both oils and water-colour known for his romantic figure-paintings and his Australian landscapes.

Artists&#39; camps flourished around Sydney Harbour in the 1880s and 1890s, mainly in the Mosman area making it &quot;Australia&#39;s most painted suburb&quot;, and its iconic shoreline has captured the hearts of many of Australia&rsquo;s most famous artists.

5. Resident Amenities

[smartcode_project:default project_id=29139 project_image_fid=82421]

The Mosman development features communal amenities for its residents and generous living areas.

Apartments flow into an expansive outdoor terrace or wintergarden, as well as a rooftop garden with views overlooking Sydney and Mosman&rsquo;s surrounding streets.

Among its other features include ground-floor commercial space, basement parking, lift access and full security.

Residences in the complex begin from just $845,000.

Located on Spit Road, this private sanctuary is the epitome of luxury with 14 residences meticulously planned

Five reasons to secure a Sydney apartment at the exclusive Mosman residence, Ashton

Five downsizers registered to bid on a prized apartment offering in the conversion of the 1905 Royal Hospital for Women that sold on the weekend for $4.395 million.

The two-bedroom apartment at 8/18 Flinton Street saw bidding open at the $3.7 million price guide.

The reserve was $4 million through Bresic Whitney agent Maclay Longhurst.

With 214sqm on title, the apartment came with level living house-like proportions.

It last traded for $1.61 million in 2005.

There was a $4,375,000 sale in March in the converted building in the Stockland Paddington Green development.&nbsp;

<a href="/developments/sydney-nsw?source_news_article_id=102524&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sydney-cbd-_template_3.jpg" width="1200" /></a>

The apartment came with 243sqm of living space and a north facing entertainer&#39;s deck.

Its price guide had been $1.4 million to $1.47 million.

Peter Chittenden, the managing director at Colliers Residential, wrote on his blog that&nbsp;Paddington Green was a large-scale, inner-city redevelopment of the former Royal Women&rsquo;s Hospital site located two kilometres east of Sydney&rsquo;s CBD.

&quot;A unique aspect of the site, and something in common with Newmarket was the fact that the development comprised several (seven) precincts.

&quot;These comprised a mix of terrace houses and apartment buildings designed by three different and highly regarded architectural firms.

&quot;Construction started in 1999 and included 5-6 storey residential apartment buildings with basement parking (common across the entire site) and a pool.

&quot;Plus, there were a variety of small mainly two-level, apartment buildings and the adaptive reuse of one of the existing 1905 free-standing hospital wings.&quot;

There was also office space and retail premises and a plaza fronting Oxford Street and in the final stages a large new park on Glenmore Road.

In total Paddington Green delivered some 130 dwellings with the intention of the developers Stockland&nbsp;to deliver a modern interpretation of the surrounding Victorian terraces alongside the new apartments and with varied scale.

CoreLogic calculated there was a 63 percent success rate from 625 apartment and townhouse auction offerings.

The success rate from the 2066 houses was 76 percent.

Sydney apartment vendors saw a 70 percent success rate compared to Melbourne&#39;s 56 percent.

There were 312 offerings across Sydney compared to 268 across Melbourne.

Local downsizers bought a two-bedroom apartment for $4.395 million at its auction in Paddington

Five downsizers sought $4.395 million Paddington apartment sale that topped Sydney auctions

The latest stage of the upmarket Cbus Newmarket Randwick project has secured 46 apartment sales.

The apartments have been inspired by post COVID-19 lifestyle changes.

Cbus Property&rsquo;s chief Adrian Pozzo said the apartments focused on family connection, open space, amenity and the joys of home.

The sales are at the upmarket residential project architecturally designed by Bates Smart.

The project known as Young &amp; Fennelly comprises 116 one-, two- and three-bedroom residences across a seven-storey &quot;NewDeco&rdquo;-style building.&nbsp;

One bedroom apartments start from $780,000, with two bedrooms from $1,285,000 and three bedroom apartments from $2,135,000.

[smartcode_project:default project_id=100684 project_image_fid=164623]

Some will have Botany Bay views.

It will also feature 11 north-facing, three-bedroom terraces with courtyards.

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&rsquo; communal rooftop space on level four, designed by Arcadia Landscape Architecture, with barbecue facilities.

[smartcode_project:default project_id=100684 project_image_fid=164634]

Young &amp; Fennelly launched on Saturday May 8 with completion due in mid 2023.

Colliers Residential advised The Australian Financial Review that the sales have ranged from one-bedrooms for $1.075 million to top-floor three-bedroom residences for $3 million.

Terrace homes priced between $2.9 million and $4.1 million have sold.

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 secure 46 apartment sales at Newmarket Randwick Young & Fennelly development

Ian Malouf, the skip bin waste management entrepreneur, turned luxury yacht broker, has paid the highest amount ever&nbsp;for a completed penthouse in Australia.

The Castlereagh St penthouse offering, &nbsp;sold by property developer John Boyd and his wife Marly, fetched $60 million.

It sits atop the ANZ Tower penthouse in the Sydney CBD.

The four bedroom apartment was designed by Richard Francis-Jones.

<a href="/developments/sydney-nsw?source_news_article_id=102323&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tile-sydneycbd.png" width="1200" /></a>

It spans 2400sq m space, with interiors by Blainey North, who worked for two years on the fit-out.

It spans three levels from the 43rd floor.

It has its own private car park with express lift.

It was listed with $66 million hopes by the selling agents, Christie&rsquo;s International agent Ken Jacobs in conjunction with LJ Hooker Double Bay agent Bill Malouf.

[smartcode_project:default project_id=7758 project_image_fid=150460]

There have been two higher off the plan sales that have yet to settle in the Barangaroo precinct, including the $60 million whole floor apartment sale by Crown to tycoon James Packer in the One Barangaroo casino tower.

There has also been an $140 million sale to an undisclosed buyer in One Sydney Harbour, which was sold by Lendlease in 2019.

The long-held established apartment record was $16.8 million set when the Moran family bought atop the Bennelong building at Circular Quay from car dealer Ray Lintott in 2008.

The penthouse sold after being on the market for 1170 days with a $66 million asking price

jchancellor-FAypfDUnLy

Record $60 million paid for Sydney CBD penthouse

There&#39;s no slowing down of the sea-changer trend across New South Wales, with Sydneysiders still looking south for holiday homes they&#39;re spending more time at.

The Sydney-based developer St Trinity Group have seen high demand for Ridgewaters Kiama,&nbsp;their $60 million residential community on the South Coast,&nbsp;around two hours&nbsp;south of Sydney.

[smartcode_project:default project_id=27858 project_image_fid=162071]

It&#39;s the size of the apartments on offer at Ridgewaters which has attracted a swell of buyers, says St Trinity Group Managing Director Nicholas El-Khoury.

&ldquo;Ridgewaters Kiama is the only development on the South Coast offering exclusively three-bedroom apartments, some with studies, designed specifically to cater to this unprecedented demand for flexible sea-change, owner-occupier residences accommodating a range of changing needs,&rdquo; El-Khoury said.

The apartments so far have been popular with downsizers and sea-changers, as well as industry professionals wanting to work remotely.

[smartcode_project:default project_id=27858 project_image_fid=162067]

&ldquo;We&rsquo;ve received interest from a range of buyers &ndash; some of them coming from postcodes closer to Sydney&rsquo;s CBD as well some already from coastal areas like Sutherland Shire who want to remain by the sea, but for a lesser price tag,&quot; El-Khoury added.

&ldquo;All of them clearly recognise the value of seaside havens such as Kiama as offering both the convenience of being close to major metropolitan areas and facilities with the desirable lifestyle of smaller coastal communities.&rdquo;

Three-bedroom apartments start from $945,000 and all come with their own&nbsp;parking.

[smartcode_project_cta: project_id=27858]

It's the size of the apartments on offer at Ridgewaters which has attracted a swell of buyers, says St Trinity Group Managing Director Nicholas El-Khoury.

Sea-changer and downsizer trend continues on NSW South Coast as Ridgewaters Kiama sales speed up

The Sydney apartment market has continued its forward momentum, posting further 1.8 per cent gains over May,&nbsp;the monthly Hedonic Home Value Index from property data firm CoreLogic found.

It was a further uplift from last month when values rose 1.3 per cent. Over March values rose 2.1 per cent, which takes their rolling quarterly gains&nbsp;to 5.3 per cent.

The median apartment value across the Harbour capital is now around $50,000 higher than it was at the start of 2021, having jumped from $734,000 to $781,000 over the last five months.

<a href="/developments/sydney-nsw?source_news_article_id=102258&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sydney-cbd-_template_0.jpg" width="1200" /></a>

&ldquo;From a geographic perspective, it was the smaller capital cities that led the housing market out of the COVID slump, but now Sydney has risen through the ranks to record the largest capital gain over the past three months with values up 9.3 per cent,&quot; CoreLogic&#39;s research director&nbsp;Tim Lawless said on Sydney&#39;s dwelling values (combined house and apartment values).

It has been the top end of the market driving the Sydney dwelling value increase. Upper quartile dwelling values have increased by 12 per cent&nbsp;over the past three months compared with a 5.2 per cent&nbsp;increase in values across the lower quartile.

Lawless reaffirmed the fundamentals driving strength in the housing market remain in place.

[smartcode_project:default project_id=7758 project_image_fid=79424]

&ldquo;The combination of improving economic conditions and low interest rates is continuing to support consumer confidence which, in turn has created persistently strong demand for housing.

&quot;At the same time, advertised supply remains well below average.

&quot;This imbalance between demand and supply is continuing to create urgency amongst buyers, contributing to the upwards pressure on housing prices.&quot;

CoreLogic research director Tim Lawless reaffirmed the fundamentals driving strength in the housing market remain in place

June 2021: How did Sydney apartments perform over May?

Prospective house buyers across Sydney are continuing to pivot their property search away from houses, which continue to reach record highs.

CoreLogic recently conducted a study which found 99.9 per cent of houses across Sydney were unaffordable for a quarter of city residents. Houses in more than 1000 suburbs across Sydney were out of reach for the bottom 25 per cent of income earners.

The median unit price across Sydney is now some 66 per cent lower than Sydney&#39;s median house price which has soared past its record highs.

It&#39;s pushed potential house buyers who are becoming priced out of the housing market&nbsp;toward the apartment market, which is still showing continued growth, however not as strong as the housing market.

Crown Group have reported a spike in sales at their Waterloo project Mastery by Crown, after seeing a 200 per cent increase in traffic and sales in the last two months.

[smartcode_project:default project_id=7020 project_image_fid=163819]

The majority of buyers have been first home buyers not restricted by budget who have held out waiting for a premium first purchase as well as young professionals wanting to live close to the CBD and enjoy all of the conveniences of an inner-city lifestyle.

Crown Group Director of Sales, Prisca Edwards, says that they haven&rsquo;t been particularly surprised by the sudden rush in sales given the housing market in Sydney has been so hot with FOMO or the fear of missing out and limited supply fuelling the market.

[smartcode_project:default project_id=7020 project_image_fid=163817]

&ldquo;The sales spike we have experienced at Mastery by Crown Group is a reflection of the state of the market which is common in this type of property cycle where buyers are priced out of houses and buyers are drawn to the many benefits and advantages of apartment living,&rdquo;&nbsp;Edwards said.

&ldquo;When the price of houses goes up, units also follows however though there can be a lag. The apartment market is currently in catch up mode to houses,&rdquo; Edwards&nbsp;said.

Mastery by Crown Group is set to become Australia&rsquo;s first Japanese-themed residential community designed by acclaimed Japanese architect Kengo Kuma in collaboration with Koichi Takada Architects and Silvester Fuller.

The project will be Kuma&rsquo;s first residential community in Australia.

The masterplanned community will have five&nbsp;uniquely designed and distinct residential buildings positioned above a 2,175&nbsp;sqm&nbsp;retail precinct which will home&nbsp;27 stores and a new&nbsp;Japanese eat street.

[smartcode_project:default project_id=7020 project_image_fid=163816]

Edwards said that buyers will always be looking for apartments to buy in vibrant communities close to restaurants, bars, supermarkets and and other points of interest.

Mastery by Crown Group has been appealing to a wide range of buyers who are looking to secure an affordable home, but not miss out on the luxury and convenience of residing in a well-serviced community.

&ldquo;From what we&rsquo;ve seen of Mastery by Crown Group, we have reason to believe that this trend will continue over the next few years and buying into off-the-plan as a wise and viable option for first-home-buyers, upsizers, downsizers and investors alike,&rdquo; Edwards added.

[smartcode_project:default project_id=7020 project_image_fid=163821]

Buying off-the-plan is becoming an ever more attractive option for first home buyers as well as a promising opportunity for investors with great potential for return, according to many market observers.

&ldquo;This gives many of us in the industry much hope as people are exercising their confidence in apartment living and leading developers, like Crown Group, that consistently deliver for their buyers,&rdquo;&nbsp;Edwards said.

&ldquo;The past year has really altered the market in a way that now points toward the value of large and high-quality apartments as their affordability has endured.&rdquo;

One bedroom apartments at Crown Mastery start from $765,000, with two bedrooms priced from $1,091,000 and three beds from $1,699,000.

The median unit price across Sydney is now some 66 per cent lower than Sydney's median house price which has soared past its record highs.



Apartment sales spike at Mastery by Crown as Sydney's house market continues surge

Auburn Square is the latest development from Tian An in Sydney&rsquo;s west, receiving development approval for six mixed-use buildings.

Located in Auburn&nbsp; which is named after&nbsp;Oliver Goldsmith&#39;s poem&nbsp;The Deserted Village.&nbsp;Auburn prides itself as one of the most multicultural communities in Australia, being home to a high percentage of immigrants from&nbsp;Afghan,&nbsp;Turkish,&nbsp;Lebanese, and&nbsp;Chinese&nbsp;backgrounds.

That means there&#39;s a range of quality cuisine and shopping options exemplifying the melting pot that is Auburn.&nbsp;There is no end of demand from home buyers and investors who want to live in Sydney&rsquo;s gentrifying inner Western suburbs.

Auburn Square sets a new benchmark for residential developments in Western Sydney, with the precinct design largely inspired by the nearby Auburn Botanical Gardens. It is home&nbsp;all aspects of life and family with lush green surrounds through the apartments, landscaping, retail precinct and public domain.

[smartcode_project:default project_id=7317 project_image_fid=79239]

Comprising a total 427 residences in one, two and three-bedroom configurations, the apartments will include nine retail and commercial suites as well as numerous amenities.

The on-site amenities include and&nbsp;expansive rooftop providing&nbsp;a generous dining experience, outdoor fitness equipment, and impressive cityscape views just to name a few.

The impressive communal rooftop garden comes complete with BBQ areas so you can enjoy a meal alfresco.

There are more than 10 new retail shops downstairs with great food and coffee at your doorstep.

Designed by Ground Ink, 2,000 sqm of green space will be featured to provide common areas between buildings and a high level of amenity for occupants and local residents.

[smartcode_project:default project_id=7317 project_image_fid=79247]

Auburn is a hub of connectivity situated in the geographical heart of Sydney. It offers great transport accessibility to business centres including Parramatta and the CBD. Walk to Auburn train station in 3 minutes or take Parramatta Road and the M4 motorway for direct and easy access further west or into the city.

A commercial area is located close to&nbsp;Auburn railway station which itself is just a 10 minute walk away. There are many multicultural restaurants and cafes.

South of the railway station, the commercial area stretches for approximately 1 kilometre and features many shops, restaurants and supermarkets, including a number of shops and restaurants specialising in&nbsp;Middle Eastern,&nbsp;Turkish&nbsp;and&nbsp;East Asian&nbsp;products and cuisine.

Nearby schools include the Sydney Adventist and Auburn Girls High.

Home buyers can enjoy a one-bedroom, one-bathroom apartment in Auburn Square for as low as $505,000, or a two bedroom unit for $600,000,&nbsp;well&nbsp;below the $730,000 median apartment price for Sydney.&nbsp;

Also within a more than reasonable price range, three bedroom homes start at&nbsp;$837,000.

Auburn prides itself as one of the most multicultural communities in Australia, being home to a high percentage of immigrants from all walks of life

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