National diversified developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has launched its latest Brisbane apartment project, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet Milton</a>, marking its entry into the sought-after inner-city suburb just two kilometres from the CBD.

The circa $100 million development will rise 18 storeys and deliver 131 apartments, offering a mix of one, two-, and three-bedroom residences.

Ideally located on Manning Street, Quartet residents will be within 300 metres of Milton Station, 500 metres from the Milton Ferry Wharf, and a short walk to Milton Markets, the iconic Park Road, as well as a range of breweries and cafés.

&nbsp;

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Designed by architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the building features a simple, gridded façade paired with generous glazing to enhance views, maximise aspect, and capture both sunrises and sunsets from within the apartments and their generously sized balconies.

Residents will have access to a 1,000 sqm rooftop, curated to balance wellness and entertaining, in response to increasing demand for wellness-focused shared spaces.

"We've approached Quartet Milton as a complete lifestyle offering, not just apartments, but a place where the design, amenities, and location all work together in a meaningful way," says Goldfields Managing Director Lachlan Thompson.

"Buyers are looking for that sense of confidence, knowing the vision has been carefully thought through not just by us as developers, but by all our consultants appointed to bring this together, and that it will be delivered to the standard they expect."

&nbsp;

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Cera Stribley Co-Founder and Managing Principal Domenic Cerantonio said the rooftop is designed to feel like a place "you'd genuinely use every day."

"A 25-metre pool framed by city and mountain views, wellness areas, and private dining spaces for evenings with friends create a setting designed for year-round comfort and effortless Brisbane living."

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In addition to the 25-metre pool, the rooftop will include a sauna, cold plunge, fully equipped gym, and zen gardens, all complemented by panoramic views of the city and river.

While the building is expected to appeal predominantly to owner-occupiers, Goldfields anticipates interest from investors seeking strong rental returns, driven by the project's design, location, and the city's projected capital growth in the lead-up to the 2032 Brisbane Olympics.

&nbsp;

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<a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>, widely regarded as one of Brisbane's most desirable inner-ring suburbs due to its lifestyle offering and proximity to the CBD, has experienced a shortage of new apartment supply in recent years.

Goldfields is already active in the Brisbane residential market through its Ripley Valley masterplanned community, Hayfield. The 109-hectare neighbourhood is already home to more than 300 families and features a large community park.

Plans for the precinct include a 4 km running track, future schools, and retail and commercial amenities, all within a 35-minute drive of the Brisbane CBD.

Goldfields also plans to deliver a new mixed-use tower at 88 Robertson Street in Fortitude Valley, within the James Street precinct. The project will include 16,000 sqm of boutique commercial space, two levels of wellness facilities, and a rooftop restaurant and event space, akin to Goldfields House in South Yarra, its flagship mixed-use development on Chapel Street, which is crowned by the Beverly Rooftop bar—one of Melbourne’s best-known venues.

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Joel Robinson

Goldfields sets the stage as Quartet Milton launches

<a href="https://www.apartments.com.au/developers/stockland">Stockland</a> and Homes NSW have taken the next major step in the transformation of Waterloo Estate, lodging a Concept State Significant Development Application and concurrent rezoning proposal for the renewal of Waterloo South.

The proposal, now on public exhibition, outlines plans for around 3,300 new homes across the 12.3-hectare precinct. A minimum 30 per cent of residential gross floor area will be delivered as social housing, approximately 20 per cent as affordable housing, and a maximum 50 per cent as market housing. The redevelopment would more than quadruple the number of homes currently on the site and more than double the existing supply of social and affordable housing.

The renewal of Waterloo South forms the first stage of the broader Waterloo Estate transformation and is set to unfold over the next 10 to 15 years. The estate currently contains 750 social housing dwellings and 120 private homes.

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="ba2da34b-171b-4ff1-b0c7-4baf0bce97f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public.png?VersionId=S5apPKOqjPHJhk_SzCvdVPxsEBYs300o" />

The proposal, prepared by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> and Beam Planning, spans 10 street blocks bounded by Cope, Raglan, George, Wellington, Gibson, Kellick, Pitt and McEvoy Streets, directly adjoining the Waterloo Metro Station precinct and within walking distance of Redfern and Green Square stations.

Under the masterplan, building heights would range from two to 33 storeys, delivering approximately 282,485 sqm of residential floor space alongside at least 10,000 sqm of non-residential uses and a minimum 5,000 sqm of community space. The planning framework has been specifically structured to support the mixed-tenure outcome, with the residential gross floor area capped at a maximum 50 per cent market housing allocation.&nbsp;

The Urban Design Report describes the vision as creating “a unique and vibrant mixed-tenure housing precinct that supports the needs of the community and delivers much needed housing in response to National and State Government priorities.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="6e1a6d8b-0626-4fa7-94fc-aa91c0af86dc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/waterloo%20per.png?VersionId=duyiJTFOeezTNdM22leI3SoHuqnW6ZaY" />

A major focus of the revised proposal has been increasing the social and affordable housing component. The Minns Government increased the affordable and public housing allocation from 35 per cent to 50 per cent after coming to office in 2023.

Minister for Housing and Homelessness Rose Jackson said the changes were critical to maintaining Waterloo’s social diversity.

“When we came to government, we immediately reviewed the plans for the Waterloo renewal and boosted the number of public and affordable homes from 35 to 50 per cent,” Jackson said.

“This was a crucial step to ensure Waterloo remains a welcoming place for people from all walks of life to call home now and into the future.”&nbsp;

Minister for Planning and Public Spaces Paul Scully said the project would reshape the precinct for generations.

“This concept DA brings thousands of new public, affordable and market homes on the doorstep of the Waterloo Metro station another step closer to reality,” Scully said.

“Importantly, alongside the new homes the plan also proposes new open space where residents and the broader community can gather, relax and play.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="867520cb-6e07-4204-885e-53793ac88066" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public%20a.png?VersionId=lgSI85Q23xBLYLC9NcWKuWZY2HfP4zQ3" />

Stockland Managing Director and CEO Tarun Gupta said the project had been shaped around long-term liveability and community infrastructure.

“As delivery partner, Stockland is proud to be working with the NSW Government on the renewal of Waterloo South – a significant project with community at its heart,” Gupta said.&nbsp;

The planning documents place strong emphasis on “Designing with Country,” recognising the site’s location on Gadigal land. The masterplan incorporates new east-west pedestrian links, activated streetscapes, rooftop communal spaces, retail frontages, and landscaped public areas intended to improve permeability and community connection throughout the estate.&nbsp;

The proposal also seeks to establish a more flexible planning framework for future detailed SSDAs, including updated provisions for educational uses, creative industries, rooftop communal areas, and active frontages. A minimum seven per cent of residential floor space will be delivered as affordable housing managed in perpetuity by community housing provider City West Housing.&nbsp;

The Social Impact Assessment prepared by Urbis describes the renewal as one of Australia’s most significant public housing transformations, identifying substantial long-term positive impacts associated with housing supply, accessibility, public domain improvements, and community infrastructure.&nbsp;

Stockland and Homes NSW have already commenced the first stage of resident relocations, with some tenants moved into newly completed homes at Waterloo Metro Quarter and the Boronia development nearby.

First look: Stockland, NSW Gov, unveils plans for 3,300-home Waterloo South renewal

<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

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The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

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Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

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Smith by Valli delivers design-led apartments to Melbourne’s inner north

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

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Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

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The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

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Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

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The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

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Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

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The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

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MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

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The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[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?

Lower North Shore developer WINIM has been one of the most active in taking up the new 10-year Latent Defects Insurance offered to developers by Resilience Insurance.

<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">Latent Defects Insurance</a>, or LDI, the new game-changing policy that has just made it to Australia, covers an off the plan property buyer for 10 years post-completion for any costs associated with structural defects in their new apartment and the building as a whole.

Read more:&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

In a short space of time, WINIM has taken the policy out on two of its latest residential developments, and it now forms a strong part of its business model,&nbsp;WINIM's Senior Development Manager Peitra Creak says.

Creak says the team were completely sold on the insurance once they understood the intricacies of the policy and how it works for both the purchaser and the developer.

Creak underscores its value as having a "dual benefit," for both developer and purchaser.

"First and foremost, Resilience LDI is a purchaser-led policy that protects off the plan property buyers and will drive confidence in our industry," Creak says, adding that there are significant benefits to the developer that make it even more attractive.

[smartcode_project:default project_id=143528 project_image_fid=253689]

"The last few years have been such a wild ride and we can't have predicted what has happened in terms of builder insolvencies, but we can learn lessons from it. We believe having Resilience LDI, as well as partnering with an iCIRT-rated builder, we're pre-empting and avoiding future issues in the built environment."

Creak says one of the biggest bonuses of Resilience LDI is that they get another set of eyes during the build process, something that can prove invaluable during the construction phase.

"The insurer is there to de-risk the project, and they do so by partnering with developers with a track record, strong finances, and consistently being a part of the build process. They have their teams on site before a shovel has been put in the ground, undertaking technical inspection services at frequent intervals."

[smartcode_project:default project_id=142292 project_image_fid=228505]

The fact Resilience LDI is a first right insurance was also another value add.

"With it being a first right insurance, we can factor it into our feasibility well before we start building the project. It also means that action is taken as soon as an issue occurs during the build, rather than at the end of construction.&nbsp; That means for buyers they don't have to pay a penny if there's any sort of rectification order, and, if it ever came to it, they would have accommodation paid for if they couldn't occupy the building."

Creak says they think developers could fall behind if they don't have Resilience LDI.

"If there are two similar, competing projects in the same area, then the buyer is definitely going to opt for the one with LDI over the one that doesn't have the policy."

WINIM has several new developments on the way, in Lane Cove and Neutral Bay, that they intend on taking out the Resilience Latent Defect Insurance policy on.

<h2>What is Resilience LDI?</h2>

Resilience LDI is the first Latent Defects Insurance policy in Australia. The insurance provides off the plan apartment buyers with a 10-year warranty on their new apartment and the building it's situated in.

The cover is purchased by the property developer/builder (pre-construction) and is designed to protect owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

For more information about Resilience LDI,&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">click here</a>.

Why WINIM has embraced Resilience LDI

The Sydney suburb Eastlakes, a gateway to Australia’s most sought-after region for real estate, often gets overlooked by some of its more well-known Eastern Suburbs and inner-east neighbours.&nbsp;

In recent years however, the suburb has undergone a huge transformation, led by Crown Group who identified Eastlakes as the perfect place to develop a $1 billion mixed-use precinct.

They completed the first stage of the precinct at the start of 2022, winning the <a href="/news/urban-taskforce-australia-says-ia-report-reinforces-the-need-for-urban-densities">Urban Taskforce Australia</a> Development Excellence Awards in the Mixed-Use Development category the same year, one of the most prestigious awards a development can get in Australia.

Now, following the provisional liquidation of <a href="/developers/crown-group">Crown Group</a> late last year, the final apartments remaining in the first stage, known as <a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Residences</a> Eastlakes, have been released to the market, at a price point unheard of in the Eastern Suburbs. Furthermore, every apartment at The Grand Residences has at least one parking space.

[smartcode_project:default project_id=7652 project_image_fid=262590]

Both the price point and the position of The Grand Residences Eastlakes will be difficult to replicate given the soaring costs of building since the pandemic, as well as the boom in real estate values in Sydney’s East.&nbsp;

Residents of The Grand Residences Eastlakes will find themselves in the heart of the suburb, providing easy access to a wide range of amenities to suit all lifestyles. It’s surrounded by parks, golf courses, beaches, sports facilities, top schools and universities, and is a short commute to the Sydney CBD. Eastlakes' connectivity is enhanced by easy access to major roadways like the Eastern Distributor Motorway and the Sydney Bus Network, which connects to extensive light rail, train, and metro services.

The Grand Residences Eastlakes is surrounded by four premier golf courses and multiple community parklands. To the north across Gardeners Road is The Australian Golf Club, while to the east across Southern Cross Drive are Eastlakes Golf Club, The Lakes Golf Club, and Bonnie Doon Golf Club.

Reserves like Bridget Tight and Jack Mundey Reserve are just a short three-minute walk away, with larger parks like Astrolabe Park accessible within a three-minute drive.

[smartcode_project:default project_id=7652 project_image_fid=262592]

Large stretches of parkland, golf courses and green spaces surrounding The Grand Residences Eastlakes are complemented with a short trip to world-renowned beaches like Coogee, Bronte, and Bondi, as well as the City of Sydney’s new Gunyama Park Aquatic and Recreation Centre.

The Grand Residences Eastlakes also benefits from easy access to vibrant suburbs like Waterloo, Zetland, Surry Hills, and Alexandria, offering residents a variety of excellent retail, eateries, and cafes, including popular spots like Three Blue Ducks, Black Star Pastry, Gelato Messina, and Da Mario in Rosebery, all within a 10-minute drive.

There is also the highly-rated Common Cafe and Go Go Gozleme at The Eastlakes Shopping Centre just a stone’s throw from the apartments, while Westfield Eastgardens, home to Woolworths, Coles, Myer and Kmart among a further 200 other retailers and several more restaurants and cafes, is only a nine-minute drive from The Grand Residences.&nbsp;

[smartcode_project:default project_id=7652 project_image_fid=262602]

Families are also well catered for at The Grand Residences Eastlakes. From its privileged position, the development is only within a 10-minute drive to Eastlakes Public School, St Therese Catholic Primary School, JJ Cahill Memorial High School, and highly-ranked high schools like Sydney Girls High School and Sydney Boys High School.&nbsp;

Since the apartments have been released to market through McGrath Projects and Crown Property Agency, there has been a diverse range of buyers, from first home buyers to investors and upsizers.

[smartcode_project_cta:default project_id=7652]

Since the apartments have been released to market through McGrath Projects and Crown Property Agency, there has been a diverse range of buyers, from first home buyers to investors and upsizers

The prime Eastern Suburbs location of The Grand Residences, Eastlakes

ASX-listed developer Lendlease have some of Australia's most impressive projects under their banner.

Their focus is primarily on Australia's largest gateway cities of Sydney, Melbourne and Brisbane, creating landmark, precinct-style developments that change the skyline of each city.

They recently settled One Sydney Harbour, their luxury Barangaroo apartment tower that had prices range from $1,515,000 to $140 million, while in Melbourne they're continuing to progress with their multi-stage Collins Wharf development.

We recently caught up with Daniel Dugina, Lendlease Executive Director for Victoria, to chat about Lendlease and how they develop.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/4dZGiT6TXTY?si=cEXnRO7cfk-omo8S" title="YouTube video player" width="560"></iframe>

We recently caught up with Daniel Dugina, Lendlease Executive Director for Victoria, to chat about Lendlease and how they develop.

Michael Bird

Lendlease's focus on Australia's biggest precinct developments: Five minutes with Lendlease Executive Director Daniel Dugina

Coronation Property Group&nbsp;has announced an exciting new list of ‘Eat Street’ tenants at Mason &amp; Main, including the renowned inner-city ‘butcher-restaurant,’ Macelleria - providing a superior, new dining precinct for Sydney’s west.

Located in the revitalised Merrylands CBD, Mason &amp; Main features 434 Build-to-Rent (BTR) and 415 Build-to-Sell (BTS) apartments, in studio, one, two and three-bed configurations.

Designed by global architects <a href="/architects/woods-bagot">Woods Bagot</a>, the project offers premium resident amenities such as a resort-style swimming pool, rooftop gardens, a sauna, private dining rooms, cinema rooms and co-working spaces. &nbsp;

Eat Street is part of Mason &amp; Main’s 9,000 sqm dining and retail precinct, comprising more than 25 retail occupants including <a href="/news/nsw/one-playground-expands-into-coronations-mason-main-merrylands-masterplanned-precinct">the first One Playground gym to open in Western Sydney</a>, a childcare centre as well as beauty and health services.&nbsp;

[smartcode_project:default project_id=31751 project_image_fid=161005]

The new dining hub will see inner-city food favourites Macelleria, Peanut Butter Bar, Yuzu Dining, San Churro and Oakberry open their doors alongside a range of exciting new locally inspired eateries including Mase &amp; Co, Hayat Turkish, and Iftar Lebanese to deliver a true ‘destination dining’ experience.

Founder of Macelleria, Peter Zaidan said they have a strong Western Sydney customer base who regularly travels to our Newtown and Bondi stores.

"We’re thrilled to offer those regulars a local option that they can share with their family and friends,"&nbsp;Zaidan said.

“Not only is the location very central with plenty of parking options and close to public transport but we’re very excited about the opportunity to help put Merrylands on the food map."

Macelleria’s innovative restaurant will offer a large selection of high-grade meat cuts, signature sausages, skewers, and burgers. While poultry, seafood, vegetarian options, and freshly baked bread on the premises, round out the menu.

Featuring pedestrian-only laneways, 147 dedicated retail car spaces, EV charging stations and GoGet car share services - all just 350 metres from major public transport networks, the Mason &amp; Main dining and retail precinct will provide a lifestyle destination not yet seen in the area.

[smartcode_project:default project_id=31751 project_image_fid=161017]

Coronation’s Owner, Joe Nahas, said the team was delighted to welcome such a high calibre of retail tenants to <a href="/buildings/mason-main-merrylands-245-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a>.

“We see Eat Street as a significant opportunity to bring Mason &amp; Main residents, the local community, families and friends together in a shared experience that’s usually reserved for the inner city. Our vision is to introduce diverse dining options to <a href="/developments/merrylands-nsw-2160">Merrylands</a>, for everyone to enjoy."

Rosemary Georges and Maria Moussa, co-owners of local Mase Café on McFarlane Street, are opening a second site within Mason &amp; Main’s Eat Street. Already popular with locals, the new Mase &amp; Co restaurant will offer a modern style menu with a Mediterranean twist, including a fully functional bar.

“We are delighted to join Eat Street and expand on our existing café which has been successfully operating in Merrylands for the past five years - this is doing wonderful things for the local area, and we wanted to be a part of that,” Georges said.

<a href="/developers/coronation-property">Coronation</a>&nbsp;will open Eat Street in September this year.

[smartcode_project_cta:default project_id=31751]

The new dining hub will see inner-city food favourites Macelleria, Peanut Butter Bar, Yuzu Dining, San Churro and Oakberry open their doors alongside a range of exciting new locally inspired eateries including Mase & Co, Hayat Turkish, and Iftar Lebanese to deliver a true ‘destination dining’ experience

Coronation welcomes new Eat Street tenants to Mason & Main in Merrylands

Eastern Suburbs builder-developer, Stargate Property, has launched to market its under-construction luxury Rose Bay apartment development, Everose.

The project of 26 two and three-bedroom apartments at&nbsp;575 Old South Head Road, just north of the <a href="/new-apartments/rose-bay-nsw-2029">Rose Bay</a> Village, is slated for completion later this year.

Ray White Projects has a fully fitted display apartment to show prospective buyers through.

[smartcode_project:default project_id=113391 project_image_fid=277970]

DJRD Architects have designed Everose. Each apartment features an open plan kitchen, living and dining area that extends to&nbsp;to outdoor terraces or balconies.

The kitchens are designed for practicality and style and are equipped with premium V-Zug appliances.

Bathrooms are fitted with natural honed stone flooring and wall tiles, stone top vanities, and frameless glass shower screens. Some apartments also include a freestanding bathtub.

The development also includes provisions for electric car charging, reflecting a commitment to modern amenities and sustainability.

[smartcode_project:default project_id=113391 project_image_fid=277972]

<a href="/developers/stargate-property">Stargate</a>&nbsp;is currently developing Centennial Collection, the two-tower development on the fringe of Centennial Park and Bondi Junction, the latter being where Stargate predominantly have developed over the last two decades.

Centennial Collection has been designed by SJB on one of the most elevated sites in Bondi Junction. There are 73 apartments across the two buildings, as well as two swimming pools, one on the roof of one building and the other protected from the elements that can be used all year round. There's also a&nbsp;state-of-the-art fitness studio with cardio and personal training areas and a concierge in the architecturally pleasing lobby.

Ray White Projects has a fully fitted display apartment to show prospective buyers through


mikah.m@urban.com.au

Stargate launch Rose Bay apartment development, Everose

<a href="/developers/deicorp">Deicorp</a> has released to market the fourth stage of its Hills Showground Village in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a>.

Stage four introduces new one, two, and three-bedroom apartments ranging from $700,000 to $1.34 million, with many of the units including studies. All come with parking.

[smartcode_project:default project_id=133881 project_image_fid=209804]

Designed by <a href="/architects/turner-studio">Turner Studio</a>, the <a href="/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill">Hills Showground Village</a> aims to integrate with the existing suburban architecture of Castle Hill, known for its green leafy streets and brick buildings.&nbsp;

"We wanted to reimagine that suburban brick architecture within the project so that it has very much a sense of place and context," James McCarthy, Director of Turner Studio, explained.&nbsp;

[smartcode_project:default project_id=133881 project_image_fid=209812]

Nick Turner, Principal Architect of Turner Studio, also emphasised the importance of apartment design in the project.&nbsp;

"We want to optimise apartment plans, we want clarity in those apartment plans. Spaces are clear, clean, well proportioned, really functional and then respond to each of the aspects with which they look to," Turner said.&nbsp;

The apartments feature floor-to-ceiling glass walls to maximise natural light in the apartments.

[smartcode_project:default project_id=133881 project_image_fid=209807]

The kitchens are equipped with SMEG appliances, including an oven, gas cooktop, and microwave.&nbsp;They also feature an integrated pull-out pantry and a study area with shelving.

Internal spaces extend to outdoor entertaining areas with views of the new Showground precinct.

[smartcode_project:default project_id=133881 project_image_fid=209808]

"A lot of the apartments are either north-facing or corner apartments that create a unique offering,"&nbsp;McCarthy added.

"There's a real strength in the visual connection into the showgrounds, parklands, with views from the apartment side into the tree canopy directly opposite."

[smartcode_project:default project_id=133881 project_image_fid=209813]

Situated opposite the Showground Metro Station, the precinct includes a full-line supermarket and over 30 specialty retail outlets, cafés, and restaurants.&nbsp;

The development also offers a range of communal facilities including barbecue areas, dining options, entertainment facilities, and a playground, all set amidst landscaped native gardens and green spaces.

[smartcode_project_cta:default project_id=133881]

Situated opposite the Showground Metro Station, Hills Showground Village includes a full-line supermarket and over 30 specialty retail outlets, cafés, and restaurants. 

Deicorp release fourth stage of Castle Hill masterplan, Hills Showground Village

The fringe of Double Bay is set for a striking new apartment development.

Architecture firm&nbsp;<a href="/architects/antoniades-architects">Antoniades Architects</a>&nbsp;has worked with a private developer on the eight-level development at 252-254 New South Head Road, on the border of <a href="/developments/double-bay-nsw-2028">Double Bay</a> and Edgecliff, where they're proposing to demolish a deteriorating apartment building.

There will be 24 studio, one, two and three-bedroom apartments across the $22 million development that has been designed to optimise the site’s northern orientation for both solar benefits and views of the Sydney Harbour.

<img alt="Antoniades Architects design Double Bay development application" data-entity-type="file" data-entity-uuid="b0a9aa4a-aab2-4903-82d0-61b869689297" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/252-254%20NEW%20SOUTH%20HEAD%20ROAD.png?VersionId=3JLyYAwuGBUiqMDFw8La_Fr1sLCPS.Mo" />

The apartment layouts are designed to provide larger living spaces with various room sizes to accommodate different uses. Each apartment will have private open balconies.

A communal room on level one will adjoin an outdoor and undercover area equipped with seating and BBQ facilities, intended for social interaction. This space will connect to common gardens, featuring a pathway to a northern setback area designed for active and passive recreation.

Level eight will feature another communal open space with seating, shaded planting areas, and views of Sydney Harbour.

For residents' convenience, appropriate bicycle parking will be provided along with charging stations for electric vehicles.&nbsp;Other sustainable design features include the use of low-maintenance plant species and on-site water-saving measures such as rainwater storage and reuse for landscaping.

First Look: Antoniades Architects design new Double Bay apartment development

Urban Property Group&nbsp;has picked&nbsp;Central Coast Quarter, the mixed-use development in Gosford, from collapsed developer St Hilliers Group.

The development comprises 334 apartments, 2,800 sqm of retail space, and a public domain, including a food and beverage precinct.

The <a href="/new-apartments/central-coast-quarter-32-mann-street-gosford">Central Coast Quarter</a> project transition to <a href="/developers/urban-property-group">Urban Property Group</a> reflects the NSW Industry reforms of the past five years, aimed at fostering trust and quality in the building sector.

David Chandler OAM, NSW Building Commissioner, highlighted this, stating, “Trustworthy players delivering trustworthy buildings – which we backed by the assurance of iCIRT ratings and LDI – 10-year warranty insurance.”

Urban Property Group views this acquisition as a strategic investment in the Central Coast. The company is committed to resuming construction immediately, starting with stage one, dubbed The Waterfront.&nbsp;

This phase will involve the development of a 25-storey mixed-use building. Sales for the project will recommence this month, and existing sales agreements will be honoured.

To protect buyers, Urban Property Group will implement 10-year Latent Defects Insurance, offering protection against unforeseen construction defects for a decade from the purchase date.&nbsp;

Read more:&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

The move aims to provide additional security and confidence to buyers, who have already been given the option to rescind their contracts if desired.

Patrick Elias, CEO of Urban Property Group, highlighted the crucial role of well-capitalised and well-managed property groups in maintaining stability and revitalising projects during uncertain times to ensure continuity for buyers, the construction industry, and communities.

Urban Property Group, a family business with over three decades of experience, plans to leverage its comprehensive capabilities in funding, designing, developing, and building to ensure the successful completion of the Central Coast Quarter project.

To protect buyers, Urban Property Group will implement 10-year Latent Defects Insurance, offering protection against unforeseen construction defects for a decade from the purchase date

Urban Property Group acquires Central Coast Quarter from St Hilliers

When prominent Sydney developer&nbsp;<a href="/developers/deicorp">Deicorp</a>, one of the largest apartment developers in Australia, heard of a new way of giving their customers confidence in buying off the plan, their interests were immediately piqued.

The new game-changing policy is Latent Defects Insurance, only offered in Australia by Resilience Insurance. Resilience <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">Latent Defects Insurance</a>, or LDI, covers an off the plan property buyer for 10 years post-completion for any costs associated with structural defects in their new apartment and the building as a whole.

Read more:&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

Deicorp is such a huge advocate for consumer confidence that they've taken the policy out on three of their current apartment developments, The Hyde Metropolitan on Hyde Park, Downtown in Zetland which is approaching completion, and their recently launched Cosmopolitan Parramatta project.

Deicorp Executive Manager of Corporate Communications, Robert Furolo, says they know from&nbsp;talking with their buyers that one of the biggest factors that help them make their decision is whether they trust the developer.

“With our 4-Star Gold iCIRT rating and strong track record, buyers know that Deicorp stands behind every apartment we build, and we’ll be here with them should there be any problems," Furolo says.

“Another factor that has really helped buyers feel confident when making their decision is the new 10-year insurance coverage Deicorp now provides. Importantly, the insurance is only offered to a developer after a rigorous and independent inspection of their building during construction to make sure it has been built properly. Buildings with LDI give purchasers another level of confidence when buying off-the-plan."

Deicorp is in the final stages of construction at <a href="/buildings/downtown-zetland-106-116-epsom-road-zetland">Downtown Zetland</a>, their four-building, laneway-laden community with extensive retail and hospitality. All but sold out, the 546-apartment development will be one of the first to be completed with Resilience LDI. The policy kicks in on construction completion and lasts for 10 years. The policy passes to the next owner, should the initial purchaser sell their apartment within the first 10 years of the building being finished.

[smartcode_project:default project_id=7106 project_image_fid=239175]

Resilience Insurance CEO Corey Nugent says interest in the policy from Deicorp chairman&nbsp;Fouad Deiri was immediate.

"Despite Deicorp already having one of the best reputations in the apartment development market, Faoud wants to continue to give consumers the assurances that what they're building is both structurally sound and delivered to the standards promised when purchased off the plan.&nbsp;

"It's that sort of attitude that the industry needs and will give some much-needed confidence to prospective buyers that off the plan apartments are a solid investment option."

[smartcode_project:default project_id=7106 project_image_fid=239170]

The policy can only be taken out before construction commences on a building so Resilience and its team of experts&nbsp;are on the ground from the get-go.

Deicorp has LDI already secured for their two developments in Sydney's largest CBD's.

Their <a href="/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney">Hyde Metropolitan tower on Liverpool Street</a>, on the fringe of Hyde Park, is expected to complete construction in late 2028. The Candalepas Associates-designed building will replace the old Polding Centre on a prime 1,600 sqm site and will have 168 apartments across 55 levels.

[smartcode_project:default project_id=21809 project_image_fid=215728]

Deicorp's other project with LDI is in <a href="/developments/parramatta-nsw-2150">Parramatta</a>. The recently launched&nbsp;<a href="/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan by Deicorp</a>&nbsp;will comprise 600 apartments across two 45-level towers designed by <a href="/architects/turner-studio">Turner Studio</a>.&nbsp;

Cosmopolitan includes a new retail village hub, extensive retail and hospitality frontages, and an open-air community space with barbecue facilities and group gathering areas.

Deicorp has even taken the policy out on Rumbalara Residences, the Gosford apartment development where they're acting as the builder for Alceon.

<h2>What is Resilience LDI?</h2>

Resilience LDI is the first Latent Defects Insurance policy in Australia. The insurance provides off the plan apartment buyers with a 10-year warranty on their new apartment and the building it's situated in.

The cover is purchased by the property developer/builder (pre-construction) and is designed to protect owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

For more information about Resilience LDI,&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">click here</a>.

Deicorp Executive Manager of Corporate Communications, Robert Furolo, says they know from talking with their buyers that one of the biggest factors that help them make their decision is whether they trust the developer

Why Deicorp is rolling out Resilience Latent Defects Insurance across its major Sydney apartment developments

Off the plan apartment buyers at AURA by Aqualand will soon be moving into their new luxury residence, as Aqualand start to put the finishing touches to their landmark North Sydney apartment development.

Construction is almost complete at AURA by Aqualand, with the build behind handled by Aqualand's internal construction arm.&nbsp;

While they fit out the apartments with some of the finest finishes a North Sydney apartment development has ever witnessed, the team has created a number of display apartments so prospective purchasers can touch and feel the exact apartment they'll be purchasing.

We recently took a tour of one of several completed display apartments at AURA by Aqualand, and needless to say, we weren't surprised by the quality of craftsmanship in the finished product, akin to what they produced at their display suite.

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[smartcode_project_cta:default project_id=30959]

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