Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Serrata, the latest off the plan apartment development in <a href="/developments/blakehurst-nsw-2221">Blakehurst in Sydney's South</a>, was inspired by the Banksia Serrata foliage that flourishes abundantly in the area.

The development, by&nbsp;Sydney-based investment and development firm Princeton, comprises just 32 architecturally-designed apartments, a mix of one, two and three-bedrooms.

Located amid waterways and parklands, the development will place residents within easy reach of a number of amenities.

[smartcode_project:default project_id=8658 project_image_fid=199523]

The nearby Carss Bush Park provides a setting for leisurely walks and cycling along scenic pathways, while, just a stone's throw away, Stuart Park is home to cricket nets and basketball courts, providing further outdoor recreational opportunities.

Located just minutes away is the <a href="/developments/hurstville-nsw-2220">thriving hub of Hurstville</a>, which caters to shopping and dining desires, with Westfield Hurstville a retail haven boasting a diverse range of shops and dining experiences.

The convenience of the nearby train station makes commuting a breeze, with a direct train to the city, taking only half an hour, making urban exploration effortless for city dwellers.

[smartcode_project:default project_id=8658 project_image_fid=199515]

Families will find Serrata an ideal place to settle down, as the locality is abundant with reputable schools, reflecting the family-friendly atmosphere of the area. The proximity of the St George Hospital precinct also ensures residents have access to quality healthcare facilities.

Beyond the immediate vicinity, residents have access to a range of recreational options for leisure and entertainment. The bayside beaches, including Ramsgate Beach, offer a perfect escape to unwind and soak up the coastal vibes, while Netstrata Jubilee Stadium is also nearby, home to the St. George Illawarra Dragons.

[smartcode_project_cta:default project_id=8658]

The development, by Sydney-based investment and development firm Princeton, comprises just 32 architecturally-designed apartments

Inspired by the Banksia Serrata: Inside Princeton's Blakehurst apartment development Serrata

The Bowery, a boutique collection of 25 apartments, stands as a testament to the <a href="/developments/alexandria-nsw-2015">evolution of Alexandria</a>.

Developed by VDM, the apartments offer a unique double-storey layout, combining private bedroom retreats with open-plan living areas that seamlessly flow onto inviting terraces and courtyards.

The building's design, envisioned by The Architecture Company, pays homage to <a href="/developments/alexandria-nsw-2015">Alexandria's rich history</a>. Dark face brickwork, complemented by dark and off-white rendered exterior blades, along with black-framed windows and doors, create a harmonious interplay of finishes and forms. The modern industrial aesthetic is further accentuated by the metal-clad upper levels, adding a touch of contemporary elegance to the facade.

[smartcode_project:default project_id=6459 project_image_fid=185201]

<a href="/developments/alexandria-nsw-2015">Alexandria has been rapidly transforming</a> from an industrial city fringe suburb into a vibrant hub of creativity, cuisine, and culture. Taking inspiration from the urban revival seen in iconic cities like New York, The Bowery represents a fusion of the past and the future.

Alexandria's rejuvenation has seen old warehouses transformed into inventive eateries, event spaces, and designer furniture stores. The Grounds of Alexandria and Saporium at The Cannery, both gourmet food precincts, have become lively hubs of activity, complementing the area's cherished antique stores and rag trade headquarters.

The upcoming $8 billion Green Square Town Centre project is also helping to revitalise Sydney's oldest industrial heartland, transforming it into a thriving, sustainable community and commercial centre.

[smartcode_project:default project_id=6459 project_image_fid=185200]

Ralph Street and its surroundings are undergoing rezoning and redevelopment, transforming into a high-growth residential corridor dotted with imaginative buildings. The Bowery enjoys a prime location, just a short walk away from local cafes, supermarkets, CBD buses, and Green Square Station, providing quick access to the airport and city centre. The vibrant urban villages and nightlife hotspots of <a href="/developments/erskineville-nsw-2043">Erskineville</a>, <a href="/developments/newtown-nsw-2042">Newtown</a>, <a href="/developments/redfern-nsw-2016">Redfern</a>, and <a href="/developments/surry-hills-nsw-2010">Surry Hills</a> are also within easy reach, as are Sydney University and UTS.

Influenced by the heritage of the area, Allen Jack+Cottier utilised bold polished concrete floors and plywood accents throughout, coupled with a clever use of full-height glazing and glass louvres which enhance the sense of space and natural light throughout.

Residents had a choice from two colour schemes, featuring paler and darker tones, which extend to the kitchens and bathrooms.

Crowning the building is a landscaped rooftop, offering views down the tree-lined street, with a pergola providing shade alongside a community garden.&nbsp;

[smartcode_project_cta:default project_id=6459]

The building's design, envisioned by The Architecture Company, pays homage to Alexandria's rich history

The Bowery: A fusion of past and present in Sydney's Alexandria 

Leading Australian integrated property development group, Aqualand, is one step closer to unveiling its latest contribution to the evolving inner-Sydney skyline, following a topping out ceremony at their latest landmark project, AURA by Aqualand.

Located at 168 Walker Street, on the edge of the rapidly transforming <a href="/developments/north-sydney-nsw">North Sydney CBD</a>, AURA by Aqualand has now marked the completion of its uppermost floor, which rises 29 storeys above the streetscape.

To celebrate the milestone, Aqualand’s Managing Director, Jin Lin, was joined by <a href="/developments/north-sydney-nsw">North Sydney</a> Mayor Zoe Baker, and Principal of the project’s architect Woods Bagot, Jason Fraser, along with a selection of key project stakeholders, at a small formal ceremony.

The event was held on the rooftop of AURA by Aqualand which boasts panoramic vistas over the iconic <a href="/developments/sydney-nsw">Sydney Harbour and CBD</a>.

<img alt="Aura by Aqualand" data-entity-type="file" data-entity-uuid="31ed3929-695b-483f-9bf0-98b9fed42ce9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2010.24.50%20am.png?VersionId=os1YxiblLsF_3gaOd9qY76ioGWUnBv8a" />

In keeping with tradition, the event included the craning of a ceremonial evergreen tree to the top of the building as a symbol of good luck. AURA by Aqualand represents the fifth residential project delivered by Aqualand since the company’s launch in 2014 and is well on the way to joining a portfolio of other notable completed projects such as BLUE at Lavender Bay in <a href="/developments/milsons-point-nsw-2061">Milsons Point</a> and The REVY at Darling Island.

The $1 billion mixed-use project is the second to be delivered by Aqualand’s internal construction arm, Aqualand Construction. Once complete, it will comprise 386 luxury apartments above a richly landscaped two storey retail podium and commercial spaces.

AURA by Aqualand is Sydney’s latest example of architecture as sculpture, a category that includes some of the city’s most memorable buildings, from the white sails of the Sydney Opera House to the giant plant-draped bowls of Barangaroo House and Darling Harbour’s nest-like mixed-use building, The Exchange.

[smartcode_project:default project_id=30959 project_image_fid=202657]

Aqualand Group Managing Director, Jin Lin, says the project is testament to the developer’s genuine commitment to collaborate with world-leading partners to deliver luxury projects that create dynamic communities and proud legacies for future generations.

“We couldn’t be more excited to reach this milestone and look forward to welcoming our future residents to AURA by Aqualand by the middle of next year, where they will enjoy an enviable lifestyle in the heart of this rapidly transforming and prestigious precinct.”

Aqualand’s Executive Director Development &amp; Construction, Tom Catalovski, said he was proud of his internal construction team’s commitment to delivering the project.

“While there’s still plenty of work to be done, with the facade installation currently at level 20 and rising a level each week, and inside the residence’s kitchens are being installed and the tiling of bathrooms is progressing its way up the building floor by floor, it’s very exciting to see the building reach its highest point.

“It’s now easy to see the building’s distinctive design and I’m truly proud of my construction team’s hard work in reaching this significant milestone. It’s important that we take stock of all we’ve done to date and celebrate our achievements.”

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202991]

Woods Bagot’s streetscape transforming design comes in the form of an elegantly curved building with a gracefully undulating facade which creates an illusion that the single structure is divided&nbsp;into four separate towers, with staggered peaks stepping down from level 29 to level 23.&nbsp;The distinctive hourglass shape cinches in at the level-nine ‘waist’ of the building, where the resident’s community centre is located.

Jason Fraser says the design draws inspiration from the eroded sandstone forms of Sydney Harbour and the ever-changing play of light on the water.

“We started looking at the harbour for inspiration. The building is shaped in an organic way reminiscent of these eroded stone forms,” he said.

“The ground plane is also carved out to reveal sandstone walls, interesting textures and colours drawn from the sandstone.

Fraser said sculptural buildings are harder to draw, document and build.

“Many of Sydney’s most famous sculptural buildings, from the Sydney Opera House to Barangaroo House and The Exchange, are designed with an obvious community benefit in mind. The sculptural form is used to give back to the community. AURA by Aqualand represents an impressive and ambitious commitment by a residential developer to give back to the community architecturally.”

[smartcode_project:default project_id=30959 project_image_fid=202986]

AURA by Aqualand’s extensive retail precinct will provide residents with a curated shopping and dining destination on their doorstep, including a providore, bakery, café and wine bar, an all-day diner and a contemporary Japanese restaurant. A network of landscaped laneways will welcome people into the precinct.

Other resident amenities include a 24-hour concierge service, gym equipped with world- leading fitness technology brand Technogym, wellness room, pool of Telsa cars to share, and end-of-trip facilities. A glamorous rooftop area offers a sky sun deck, private dining rooms, barbecue and kitchen space for year-round al fresco entertaining.

Through its residential, retail and commercial spaces, the building will breathe new life into North Sydney, delivering vibrant and carefully considered spaces to live, work and play.

[smartcode_project_cta:default project_id=30959]

The event was held on the rooftop of AURA by Aqualand which boasts panoramic vistas over the iconic Sydney Harbour and CBD

Aqualand top out $1 billion AURA by Aqualand in North Sydney

Mulpha has been selected by the New South Wales Government as the successful tenderer to develop the site adjacent to the Norwest Metro Station.

The site, at&nbsp;25-31 Brookhollow Avenue, <a href="/developments/norwest-nsw-2153">Norwest</a>, is intended to serve as the central civic gateway for the <a href="/developments/norwest-nsw-2153">rapidly emerging Norwest</a> town centre.

Mulpha’s vision for the site includes three multi-level towers which will sit atop two biophilia-designed mixed-use podiums, integrating business, education, and retail uses. The podium and a vibrant public plaza will be activated by community spaces and retail, delivering dining and retail shopping convenience.

Mulpha’s Head of Developments, Tim Spencer, said they are thrilled to have been chosen to activate the landmark development site which will be the civic gateway to and from Norwest, and an integral component of Mulpha's broader planning vision for Norwest.&nbsp;

[smartcode_project:default project_id=103264 project_image_fid=196015]

"It will be the centrepiece in delivering another step-change to the Norwest Smart City vision. Importantly, it will be a transit-oriented commercial development that aims to increase job supply in Sydney’s northwest and set the benchmark for the next phase of Norwest’s vibrant business centre," Spencer said.&nbsp;

"We want to create an environment that engages people and fosters the connectivity and creative energy that will underpin Norwest as a lifestyle destination and dynamic business centre in the global knowledge economy. This won’t just be somewhere to pass through on your way to somewhere else. It will be central to ensuring Norwest is a great place to live, work and play."

The development will be designed to seamlessly integrate with the Norwest Metro Station and other social amenities, residential and business facilities which are planned for Norwest City, complemented by extensive parklands, pedestrian paths and cycleways connecting the site to greater Norwest.

[smartcode_project:default project_id=103264 project_image_fid=208399]

In developing the site, Mulpha will work closely with Landcom, Sydney Metro, Hills Shire Council and the State Government, to ensure planning requirements are met and the development delivers on its full potential.

Mulpha’s selection as the successful tenderer to develop the site demonstrates its market leading position in the North West of Sydney and is recognition by the State Government of Mulpha’s commitment to sustainability and quality outcomes.

Mulpha’s commitment to sustainability was also acknowledged by the Clean Energy Finance Corporation (CEFC) which has supported Mulpha’s ambitious new sustainable residential development Norwest Quarter in the Hills with an $80 million green loan to cut energy costs by as much as 50 percent. The CEFC position is being matched by an $80 million green loan from ANZ.

Construction is underway on the first stage of the zero-carbon 9-tower residential development, which will be one of the most ambitious in Australia in terms of sustainable practices, initiatives and design considerations.

[smartcode_project:default project_id=103264 project_image_fid=196022]

Mulpha has also recently completed construction of ‘The Bond’ - a 12,000 sqm commercial building in Norwest. This landmark timber and glass building has a focus on health and medical tenancies to support Norwest Private Hospital and add vital health infrastructure to The Hills.

Prior to completion of The Bond, Mulpha sold 100 percent of the 64 strata suites, ranging from 50 sqm – 840 sqm, to a mix of owner-occupiers and investors, reflecting a testament to the strength of the emerging suburban office market, post-Covid.

Mulpha’s selection as the successful tenderer to develop the Norwest Metro Station site coincides with the lodgement of Mulpha’s planning proposal for the adjacent Norwest Marketown Shopping Centre which, if successful, will cement Mulpha’s long term vision for Norwest Business Park and drive the next 
phase of the town centre.

Already one of Australia’s largest master-planned business park with 800 organisations employing over 30,000 people, Norwest is set to potentially double the number of jobs over coming decades as it takes its place as a key precinct in Sydney’s economic growth corridor.

Mulpha will work closely with Landcom, Sydney Metro, Hills Shire Council and the State Government, to ensure planning requirements are met and the development delivers on its full potential.

Mulpha wins tender to develop site opposite Norwest Metro Station

Sydney developer Central Element has been given the green light by the <a href="/developments/sydney-nsw">City of Sydney</a> for their Hyde Park development at 271 Elizabeth Street.&nbsp;

The mixed-use project, being developed in collaboration with equity partner MaxCap and the current landowner, will be designed by the renowned architects Murcutt Candalepas.

The transformation of the Hyde Park site will include the development of 42 apartments, many of which will offer panoramic views of the park and over the Royal Botanic Gardens to Sydney Harbour. The project will also feature hospitality spaces and a range of amenities.

Behind the design, are long-time friends and colleagues Glenn Murcutt and Angelo Candalepas. This collaboration is the first time the awarded architects will work together on a project for the <a href="/developments/sydney-nsw">City of Sydney</a>.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="6b0d9bc5-c944-4fa8-bb05-cdd7ec2d585a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-20%20at%209.13.46%20pm.png?VersionId=EhWY2yHwyjveTKlbEmqL7gHw20vzYh9." />

Angelo Candalepas is renowned for his multiple award-winning residential apartments such as Prince Street in <a href="/developments/cronulla-nsw-2230">Cronulla</a>, Waterloo Street and Pelican Street in <a href="/developments/surry-hills-nsw-2010">Surry Hills</a>, and The Castle on Bathurst Street.

His firm was most recently awarded The Fox: NGV Contemporary, Australia’s largest gallery dedicated to contemporary art and design.

Glenn Murcutt is a highly awarded architect and the sole Australian recipient of the prestigious Pritzker Architecture Prize. His notable projects include Donaldson House in Palm Beach, Walsh House in Kangaroo Valley, and the Australian Islamic Centre in Victoria.

The architectural design of the project places a strong emphasis on framing the picturesque views nearby, including the enchanting avenues along Elizabeth and Castlereagh Street.&nbsp;

A mix of two, three and four-bedroom apartments will be on offer, including full-floor apartments with terraces. Residents will have access to a full floor of amenity.

Central Element Managing Director Nathan Chivas said the goal is to transform the site, which is currently the 16-level Hyde Park Inn Hotel, into a pivotal cornerstone of Sydney's future.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="222e4564-f72e-4e68-84e4-8201780a4411" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-20%20at%209.13.58%20pm.png?VersionId=mlhOxDdFPycWlRQ0Bg35.A0SF2cUg84q" />

“With the utmost respect for the building's rich heritage and its enviable location in the heart of Hyde Park, this extraordinary undertaking will honour its legacy," Chivas said.

"Boasting unparalleled views of the park and the harbour, it will&nbsp;redefine CBD living for generations to come. Elizabeth Street stands as an emblem of Sydney's esteemed cultural and lifestyle hubs, and we are thrilled to have received the approved DA – a testament to the remarkable architects Glenn Murcutt and Angelo Candalepas.

"Together, our goal is to transform this site into a pivotal cornerstone of Sydney's future, and we are eager to share more about its captivating aesthetics and ambience in due course.”

The project is the second&nbsp;joint venture collaboration between Central Element and MaxCap Group, having jointly launched the Ethos development in Chatswood in 2022.

271 Elizabeth Street is set to launch to market early 2024.

The transformation of the Hyde Park site will include the development of 42 apartments, many of which will offer panoramic views of the park and over the Royal Botanic Gardens to Sydney Harbour.

Central Element get sign off for mixed-use Hyde Park tower in Sydney CBD

Sydney's southern suburb of Arncliffe has become a popular option for prospective apartments buyers pushed out of the city due to increasing affordability constraints.

The suburb has been a hot spot for owner-occupiers due to it's proximity from the CBD, just over 10 kilometres away, and the central train station which makes it just a 15-minute commute.

Much of Arncliffe's new stock is located close to the Princess Highway and Arncliffe Station, which have proven particularly attractive for investors and first home buyers due to the lower entry level.

Developer builder Vortex Property Group has created a different opportunity in the suburb with their recently launched project Duncan House, located on the quieter eastern side of Arncliffe.

[smartcode_project:default project_id=112868 project_image_fid=216328]

The aim for Vortex was to deliver a&nbsp;more suburban lifestyle, away from the hustle and bustle the area is known for. The site is positioned at the top of a crest, meaning the residences benefit from district, city and water views.

It's not just Duncan House's strategic positioning which is attracting buyers, but it's density, which is unlike any other on offer in the area.&nbsp;The boutique project features just 43 apartments, where as most other projects in the area have over 150 apartments.

Tom McIvor, director of LINK Realty who are marketing the project, said the stock so far has been taken up by investors&nbsp;after seeing the opportunity that Arncliffe presents.

"The first 20 or so apartments initially sold to investors before the retail campaign began, but since opening up to the wider market we've experienced a high-level of interest from first home buyers and locals," McIvor said.

"As construction kicks off, we're expecting the owner-occupier interest to start transacting, with the downsizer market coming into play as well."

A lot of the owner-occupier enquiry has come from buyers within 15 minutes of Arncliffe, in search of new stock at an affordable price point close to the city, with a number from further west also showing interest.&nbsp;

[smartcode_project:default project_id=112868 project_image_fid=216330]

NSW's new stamp duty reforms which kicked over in July 1, allowing first home buyers to buy property with no stamp duty if it costs under $800,000, has further fuelled interest in the first home buyer market. All of Duncan House's one-bedroom apartments sit under the cap.

"There's really not a lot of stock across Sydney that's new for under $800,000, so with the one-bedroom apartments priced from&nbsp;$599,000, buyers can experience significant savings when purchasing," McIvor said.

First home buyers will still secure savings of the two-bedroom apartments which start from just over the $800,000 mark. Concessions are now available for property bought between $800,000 and $1 million.

Duncan House will also be home to three-bedroom garden and penthouse apartments, which are seeing interest from local owner-occupiers and downsizers.

Residents will benefit from a range of amenity across the new building, including&nbsp;EV charging bays, an under ground car wash bay, as well as a communal garden and barbecue facilities.&nbsp;

[smartcode_project_cta:default project_id=112868]

Rare low density opportunity drives Arncliffe's Duncan House to over 50% sold 

Completion is fast approaching at Third.i's luxury <a href="/developments/kurraba-point-nsw-2089">Kurraba Point</a> waterfront apartment development, Kurraba Residences.

Richard Crookes Construction has been handling the build of the $43 million project, which will offer some of the best views in one of <a href="/developments/kurraba-point-nsw-2089">Sydney's most sought-after suburbs.</a>

Designed to seamlessly integrate with its surroundings, the Kurraba Residences will evoke the grandeur of Sydney's waterfront estates while paying homage to the classic 1920's apartment buildings that line the coveted edges of the harbour.

&nbsp;

[smartcode_project:default project_id=13992 project_image_fid=216238]

The Kurraba Residences will boast an enviable location surrounded by parks and nature reserves. The project is strategically positioned to provide residents with far-reaching vistas and an envious living experience.

The architectural design, spearheaded by the renowned Adam Haddow-led SJB, is expected to set new standards for <a href="/developments/kurraba-point-nsw-2089">harbourside living in Sydney</a>.

“Embraced by foreshore gardens on all three sides, the architecture pays homage to classic 1920's apartment buildings that dominate the edges of the harbour. Sculpted in brick, the graceful building reaches out to the water like fingers on a hand,” Haddow said.&nbsp;

The development comprises a collection of two, three and four-bedroom apartments, catering to a range of preferences and lifestyles.

With 21 luxury residences already sold, potential buyers are presented with a rare opportunity to secure their place in one of the three exclusive penthouses. The penthouses have been designed to offer the same level of consideration and luxury as an elite private home, with the Phillip Mathieson-led Mathieson Architects handling the interiors.&nbsp;

“A key element of this project is the absolute seamless integration between the interiors and architecture, and the transition between the interior living space and the external balconies," Mathieson said.&nbsp;

&nbsp;

[smartcode_project:default project_id=13992 project_image_fid=216239]

At the Kurraba Residences, nature takes centre stage. Inspired by the lush foliage and green spaces that extend to the waterfront, the development embraces and celebrates the beauty of gardens in every aspect, from the grounds to the rooftops.

The homes boast state-of-the-art Wolf and Sub-Zero appliances, as well as expansive solid marble surfaces, and a sea of limestone flooring that adds a touch of functional glamour to everyday living. The burnished metal accents strategically reflect the shimmering light emanating from the adjacent water, further enhancing the luxurious ambiance.

[smartcode_project_cta:default project_id=13992]

Richard Crookes Construction has been handling the build of the $43 million project, which will offer some of the best views in one of Sydney's most sought-after suburbs, Kurraba Point. 

Construction nears completion on Thirdi's $43m Kurraba Point development

The&nbsp;Ciaran Goodman-led Bronxx has delivered the epitome of luxury to Cronulla's Tonkin Street with their recently completed development, Oasis.

The Australian owned and operated developer builder created Oasis, just 11 waterfront residences, on the foreshore of Gunnamatta Bay.&nbsp;

Adorned with abundant vertical landscaping, the three-bedroom apartments offer uninterrupted views, with natural light flooding the generously proportioned interiors designed by Vic Lake Architects.&nbsp;

[smartcode_project:default project_id=108471 project_image_fid=201879]

The outdoor areas feature natural limestone tiles, complemented by garden elements and decking made from native timber, while the interiors include warm greys and earth tones, with contrasting elements in a darker shade.&nbsp;

There's a collection of two-storey beach house apartments, benefitting from pools, gardens with waterside access, wrap-around terraces, separate family rooms overlooking&nbsp;Monro Park, and ample parking in the form of double lock-up garages.&nbsp;The apartments flow over the whole lower-ground and ground floors, with private lifts or an architecturally designed staircase creating a link between the lounge and upper levels, allowing residents to experience single level living.

Floor-to-ceiling windows adorn the living spaces, while the double-height lounge and dining rooms are equipped with large gas fireplaces.

Two full-floor houses have also been constructed on the site, featuring far-reaching views, butler's pantries, family rooms, a balcony, ensuite and walk-in robes in each of the bedrooms. One of the homes also includes a pool on it's wrap-around terrace, while the two-storey penthouse has a pool on its upper level, with views of the bay and ocean.&nbsp;

[smartcode_project:default project_id=108471 project_image_fid=201884]

Each master suite in the beach house apartments, whole-floor apartments, and penthouse occupies a space typically dedicated to two or more bedrooms in other properties, with stand-alone baths included across each.

The kitchens are equipped with sub-zero refrigerators and Gaggenau cooktops, ovens and microwaves, with each kitchen also featuring a sub-zero wine cabinet.&nbsp;

A limited collection of apartments are still remaining in the completed development, with floorplans spanning from&nbsp;278 sqm through to 657 sqm. Prices on the final residences begin from $5.8 million, topping out at $15 million for the penthouse.&nbsp;

[smartcode_project_cta:default project_id=108471]

The Australian owned and operated developer builder created Oasis, just 11 waterfront residences, on the foreshore of Gunnamatta Bay

The epitome of luxury: Inside Cronulla's Oasis apartments 

Property developer TWT Global is set to become one of St Leonard’s largest landowners having spent $35 million on a development site as part of its $1 billion mixed-use development, The Collective.

They've spent $35 million on a 1080 sqm site at&nbsp;50-56 Atchison Street. The Collective will span&nbsp;nearly 9,500 sqm and multiple suburban blocks and have three towers. The newly purchased site will become a part of the larger development.

<img alt="St Leonards" data-entity-type="file" data-entity-uuid="18a77ded-d973-40f5-8fb4-5411a1e5226c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%202.57.26%20pm.png?VersionId=lmb629kIO3AJo7m33ms.kqtF69btRn3V" />

TWT Global, who have developed NewLife <a href="/developments/sydney-nsw-2000">Darling Harbour</a> and NewLife <a href="/developments/bondi-junction-nsw-2022">Bondi Junction</a>, are committed to fostering <a href="/developments/st-leonards-nsw-2065">cultural vibrancy in St Leonards</a> through its Creative Precinct initiative.

Launched in 2014, the Creative Precinct involves the conversion of several commercial buildings into creative spaces, including artist studios, galleries, rehearsal spaces, recording studios, arts business offices, and creative retail. This initiative has already supported over 800 artists and creative businesses, providing the local creative community with over 4,000 square metres of subsidised space.

<a href="/developments/st-leonards-nsw-2065">St Leonards has been a hive of activity for apartment developers</a> in recent years. New Hope Group recently launched The Landmark Quarter, having already developed The Landmark in the suburb, while Hyecorp are currently building The Audrey on Canberra Avenue.

The Collective will span nearly 9,500 sqm and multiple suburban blocks

Exclusive: TWT Global secure St Leonards site to expand $1 billion masterplan The Collective

Sydney builder developer Deicorp is one of the most trusted developers in the off the plan property industry nationally.

Since its inception in 1999, they've delivered over 10,000 homes across 40 suburbs, from <a href="/developments/redfern-nsw-2016">Redfern</a> to <a href="/developments/rouse-hill-nsw-2155">Rouse Hill</a>,&nbsp;Arncliffe to <a href="/developments/ashfield-nsw-2131">Ashfield</a>.

They've won a string of awards over the last 24 years, none more impressive than the&nbsp;The UDIA President’s Award, which they won in 2022 for The Pemulwuy, delivered on behalf of Redfern’s Aboriginal Housing Company.

Over the years they've been one of the leading contributors to either transform established suburbs around Sydney, or in the creation of new ones.

There's always something in the pipeline for Deicorp. We've wrapped up their four best off the plan apartment projects currently on the market across Sydney.

<h2>Project: Hills Showground Village</h2>

<h2>Suburb: Castle Hill</h2>

Situated opposite the Showground Metro Station, Deicorp's Hills Showground Village development offers residents a vibrant lifestyle. A dining and retail precinct is conveniently located at their doorstep, providing an array of shopping and entertainment options.

[smartcode_project:default project_id=133881 project_image_fid=209815]

The recent release of a new collection of apartments in the development has been met with high demand. Designed by Turner Studio, the apartments feature high-quality appliances, including a SMEG oven, gas cooktop, and microwave. The open-plan living and dining areas extend to generously-sized balconies, offering scenic views of the surrounding green spaces.

Residents of Hills Showground Village will enjoy never-to-be-built-out views adjacent to the new Showground precinct. The landscaped native gardens and green spaces further enhance the picturesque surroundings.

[smartcode_project:default project_id=133881 project_image_fid=209805]

The development offers a range of communal facilities and amenities, including barbecue areas, dining options, and entertainment facilities. With a full-line supermarket and 30 specialty retail outlets within the Hills Showground Village, everyday essentials are conveniently within reach.

<h2>Project: Downtown</h2>

<h2>Suburb: Zetland</h2>

Designed to reflect Zetland's urban energy, Downtown features four distinctly unique buildings designed by MHNDU and BVN Architects.

[smartcode_project:default project_id=7106 project_image_fid=215775]

Offering a range of floor plans, including open-plan two-level apartments with off-street access, Downtown combines sleek and functional kitchens with spacious living areas. Private balconies serve as additional entertaining spaces, seamlessly merging indoor and outdoor living.

Downtown's buildings are connected via laneways, creating a vibrant village where residents can enjoy the utmost convenience, while the rooftop gardens provide tranquil spaces surrounded by lush landscaping.

[smartcode_project:default project_id=7106 project_image_fid=215768]

Work on the inner-city project is set to wrap this year.

<h2>Project: Tallawong Village</h2>

<h2>Suburb: Tallawong</h2>

As Deicorp's largest north-west development, Tallawong Village offers highly affordable and contemporary residences just steps away from the Sydney Metro Tallawong Station.

[smartcode_project:default project_id=106821 project_image_fid=215911]

With 333 residences set to be delivered across the site, the project caters to owner-occupiers and investors alike, with varying floor plans of one, two and three-bedrooms designed by Turner Studio,

Deicorp experienced an influx of buyers since launching the $670 million project to market in Sydney's northwest, with all of stage one completely selling out earlier this year. Due to the successful buyer interest, the group brought new stages in the development forward.&nbsp;

[smartcode_project:default project_id=106821 project_image_fid=215912]

The village will also benefit from the planned future Tallawong Town Centre, which will deliver up to 30,000 sqm of retail floorspace, while the bustling Rouse Hill Town Centre is just one stop away on the Metro.&nbsp;

<h2>Project: The Rothschild</h2>

<h2>Suburb: Rosebery</h2>

In Rosebery, The Rothschild stands as a lifestyle-led precinct. Architecturally re-designed to house 176 apartments across two buildings on Rothschild and Mentmore Avenues, The Rothschild emanates European influences.

The Candelapas-designed residences offer purposeful design features such as two levels of basement parking, multiple outdoor areas, a communal music room, and ground-level retail.

The courtyard, inspired by the French Hotel Beauvais, creates a communal oasis with its skilfully landscaped space and central olive grove. Residents can relax, interact, and play in the burgeoning area.

With convenient access to amenities like rooftop and courtyard spaces, a ground-level restaurant and café, East Village Shopping, Woolworths Metro Rosebery, and Wholefoods House, The Rothschild offers a truly enriched living experience.

<h2>Project: The Ashford</h2>

<h2>Suburb: Castle Hill</h2>

The Ashford in Castle Hill is the flagship residential development within the Showground Metro precinct. Presenting 272 one, two, and three-bedroom apartments, The Ashford epitomises aspirational living without the expected price tag.

Its prime location, just a short walk from Showground Metro station, provides unparalleled connectivity and convenience. Castle Hill, with its abundance of amenities, has become one of Sydney's most sought-after regions.

The Showground precinct, anchored by a civic plaza and boasting vast green spaces, offers a healthier and more active lifestyle for residents. Future plans for the precinct include retail stores, a supermarket, a sports facility, events spaces, a community center, and a community garden.

Since its inception in 1999, they've delivered over 10,000 homes across 40 suburbs, from Redfern to Rouse Hill and Arncliffe to Ashfield

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