Apartment buyers in New South Wales are set to gain a decade of insurance-backed protection against major building defects, after the NSW Parliament passed the Fair Trading and Building Legislation Amendment Bill 2026.&nbsp;

The Bill establishes decennial defect insurance, known in the market as Latent Defects Insurance (LDI), as an alternative to the existing two-year strata building bond. It cleared the Legislative Council with amendments on Tuesday evening (August 4, 2026), with the Legislative Assembly agreeing to those amendments shortly after.

Under the reform, eligible developers can satisfy their statutory bond obligation by taking out an approved decennial-style policy that gives owners 10 years of cover for major structural defects from completion, claimable directly, without first having to pursue developers or builders through costly legal action.&nbsp;

The change forms the final tranche of amendments arising from the 2021 statutory review of the Strata Schemes Management Act 2015 and related legislation.

Resilience Insurance, which originated the cover in Australia and has delivered it in NSW since 2022, welcomed the passage and credited the NSW Government for delivering it.

“This is protection apartment buyers have needed for a long time, and the credit for delivering it belongs to the NSW Government,”&nbsp;said Corey Nugent, CEO of Resilience Insurance.

“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into. Reform like this is what good, evidence-based regulation looks like.”

Resilience has delivered LDI in NSW since 2022, protecting thousands of apartments, giving the State, and now the country, real-world evidence of how decade-long, no-fault protection works in practice.

The reform also places NSW within a wider national shift.

NSW is the third jurisdiction to put decennial cover into law. The ACT legislated for it in 2024, with the scheme taking effect in late 2025, and Victoria passed its own framework on 17 June. Between them, the three cover the majority of Australia's apartment market.

The reform commences once the legislation is proclaimed, which is expected in the coming weeks. From that point, developers of Class 2 residential apartment buildings can meet their statutory obligation with an approved decennial policy in place of the bond.

Buyers who purchased into projects that took out the cover early are among the first in the country to take keys to apartments carrying decade-long structural protection.

“With the legislation passed, the focus now turns to making it work for buyers,”&nbsp;Nugent said.

“There are already thousands of apartments in NSW covered by this insurance, bought by developers who moved early. The question every buyer should be asking in a display suite is a simple one: does this building come with 10-year defect cover, and who stands behind it?&nbsp;

“We look forward to working with the Government and the Building Commission in coming weeks as the framework moves to implementation, and to sharing what we have learned over the past four years so the protection reaches owners as smoothly and quickly as possible.”

Other states are working through their own reform programs. Western Australia has indicated that decennial cover is within consideration a later stage of its reform sequence, and Queensland has been examining the settings as it looks at the development pipeline ahead of the 2032 Olympics.

Resilience Insurance acknowledges the NSW Government’s continued focus on strengthening consumer protection while supporting housing delivery across the State.

Fast Facts: What the reform means

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Proven at scale:&nbsp;Decennial cover has operated in NSW since 2022, protecting thousand of apartments.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">10 years of cover:&nbsp;Protection for major structural defects runs for a decade from completion, claimable directly and with no legal action required.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">An alternative to the bond:&nbsp;Eligible developers can meet their statutory obligation with an approved decennial-style policy in place of the 2% strata building bond.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Part of a national shift:&nbsp;The ACT has had decennial provisions in force since 2025 and Victoria passed its framework in June. NSW now joins them.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">No-fault, first resort:&nbsp;Owners corporations claim directly from the insurer without first having to establish who is liable for the defect.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost-competitive:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the 2% bond while offering broader, longer protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market position:&nbsp;Resilience originated LDI in Australia and has delivered it in NSW since 2022.</li>
</ul>

Fast Facts: What is Resilience LDI?

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Resilience Latent Defects Insurance (LDI):&nbsp;Covers major structural defects for 10 years from completion.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Consumer-first:&nbsp;Direct claim access, no need for lengthy legal action.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost advantage:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market leader:&nbsp;&nbsp;Resilience Insurance originated LDI in Australia and is the national market leader.</li>
</ul>

Joel Robinson

NSW parliament passes 10-year defect insurance laws for new apartment buyers

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> has wasted little time reshaping one of South Brisbane's most significant undeveloped apartment sites after acquiring the property earlier this year.&nbsp;

McNab has lodged plans to scrap an existing approval for two 30-storey towers and instead deliver a single 28-storey residential building, preserving part of the site for a future development opportunity.

The proposal, lodged over <a href="https://www.apartments.com.au/new-apartments/64-peel-street-south-brisbane-qld-4101">64 Peel Street and 9 Cordelia Street</a>, is for a residential-led mixed-use development comprising 124 apartments above a landscaped podium, alongside a boundary realignment that preserves part of the land for a future residential project.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="743bf564-3f8f-45fc-b8d3-bbf18f5b628f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20Peel%20st%20podium.png?VersionId=EhCxGrVn_VFH3qTbKnI4WppGwaMnOn0t" />

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a>, the development will deliver 119 two-bedroom and five three-bedroom apartments across 23 residential levels. A five-level podium will accommodate 135 car spaces, while the ground floor will include a 66 sqm commercial tenancy, an activated residential lobby with work-from-home spaces, and a publicly accessible landscaped plaza linking Cordelia and Peel streets.&nbsp;

Communal amenities will span Level 6 and the rooftop, including indoor and outdoor recreation spaces, a swimming pool, barbecue facilities, kitchen and dining areas, lawn space, sauna, steam room and yoga facilities.

The application also proposes a boundary realignment to create a standalone 1,290 sqm development lot while retaining an adjacent parcel for future redevelopment, allowing the balance of the site to contribute additional housing over time.

Hayball said the architecture has been shaped by the site's elevated corner position at the intersection of Peel and Cordelia streets and Brisbane's subtropical climate.

The design incorporates generous landscaped setbacks, a masonry podium wrapped with planting, large north-facing balconies, and a slender tower profile intended to maximise natural light, cross ventilation and long-range views. The rooftop has been conceived as a wellness-focused retreat overlooking Brisbane, with amenities positioned to capture views towards Mount Coot-tha and the CBD.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="c5f99e84-6ad8-4a87-82d1-869685b754d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20tower%20perspective.png?VersionId=Gw0IuJaSAlk.tvGBxInhZOcQAdIB..2b" />

The planning submission positions the proposal as a response to both changing market conditions and Brisbane's Kurilpa Sustainable Growth Precinct planning reforms.

McNab acquired the site after the previous approval was granted, with the existing scheme no longer reflecting current residential market demands, economic conditions, construction challenges, construction efficiencies or the quality of development outcome now being pursued, the planning report noted.

McNab continues to expand its residential development pipeline across Brisbane and the Gold Coast. The developer recently launched The Tannery in West End, securing more than 60 per cent of apartments before the project's public release. It is also delivering Elements Budds Beach in Surfers Paradise and Lucia Highgate Hill, an eight-apartment boutique development overlooking the Brisbane River.

McNab resets decade-old South Brisbane approval with 124-apartment tower

A steeply sloping Bellevue Hill site is set to accommodate a new mid-rise apartment development, with plans lodged for 20 homes that respond to the site's dramatic topography.

The proposal for the consolidated land at <a href="https://www.apartments.com.au/new-apartments/138a-140-bellevue-road-bellevue-hill-nsw-2023">138A-140 Bellevue Road</a> has been designed by Sydney architecture practice Common Office, which has used the site’s substantial fall to distribute the building’s scale and unlock 20 apartments without presenting the full height to the street.&nbsp;

“The unique design strategy leverages the site’s substantial topographical fall to facilitate increased density, presenting a seven-storey profile to Bellevue Road while rising to 10 storeys at the rear,” Common Office said in its architectural design report.

The apartment mix spans one, two, three- and four-bedroom residences. Four two-bedroom apartments are designated as affordable housing, while the plans also include two adaptable dwellings. The mix is majority three-beds, with the typical three-bed apartment offering around 144 sqm internally, with balconies of around 15 sqm.

The affordable housing component represents 15 per cent of the residential floor area and allows the project to access additional height and floor space under the NSW Government’s in-fill affordable housing provisions. The site also falls within the inner area of the Low and Mid-Rise Housing Policy because it is within 400 metres walking distance of Double Bay Town Centre.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="b1230d0f-3bfa-4a11-abaf-0928c66ef345" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da.png?VersionId=dZeMK3P.OutGjN8ycjsxm8uNsj_QFWQv" />

Common Office has arranged the building around a masonry podium and a lighter upper volume, drawing on two recurring elements of Bellevue Hill’s established architecture: sandstone bases and the vertical proportions of local Inter-war Art Deco apartment buildings.

“The proposal is governed by a holistic design language that reconciles the solid horizontal masonry of the neighbourhood’s podiums with the elegant verticality of its Art Deco heritage,” the architect said.

“The building maintains a consistent rhythmic logic utilising deep recesses and a sophisticated material transition to break down the 10-storey scale into a series of articulated, human-scale volumes.”

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="0147f503-1af1-4d51-97fb-c2f1cba63a9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20bldg.png?VersionId=GoW7q3NlK67OpnePXhk7zvklrlKb72Qc" />

Large-format sandstone tiles will define the lower levels, establishing a robust base that negotiates the change in elevation from Bellevue Road. Above, red-tinted precast concrete frames, recessed balconies, anodised aluminium screens and expanded metal details will create a more vertically expressed façade. Integrated planter beds will introduce greenery across balcony edges and recessed sections of the building.

The elongated northern façade has been divided into three recessed vertical masses to reduce its perceived length. Triangular window elements and metal privacy screens reference the geometry of nearby Art Deco buildings while controlling overlooking toward surrounding homes. The southern elevation will incorporate further privacy screening, landscaped edges and deep balconies to maintain light and ventilation.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="e8679cf1-18bc-4447-8a0f-0052b94ab83c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da%20rooftop.png?VersionId=5SQqQqRFf76rvE2p1TbxJSweMN70AIbc" />

Private and communal landscaping is distributed throughout the development. A landscaped garden apartment is positioned within the lower portion of the site, while a communal terrace on Level 5 will include a central timber deck, barbecue facilities, resident planting plots and areas for outdoor dining and informal gatherings.

Common Office described the terrace as an elevated sanctuary designed to capture district views and sunlight. Its planting strategy incorporates endemic species associated with the Eastern Suburbs Banksia Scrub, extending the landscape vertically through the building and providing habitat for local flora and fauna.

A second communal outdoor area is proposed at roof level, with built-in seating, paved gathering areas and perimeter planting.

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction. Positive Investment Enterprise is delivering the 16-apartment Kew Palm House on Birriga Road, while Chanine Developments is also under construction at Florian, a 36-apartment project on Banksia Road.

&nbsp;

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction.

First Look: Apartment development pitched for Bellevue Hill, Double Bay fringe

South Brisbane's apartment pipeline continues to build momentum, with <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a> lodging plans for a 161-apartment tower on Montague Road as developers accelerate investment across the Kurilpa Sustainable Growth Precinct.

The proposal for 176–186 Montague Road would replace an existing office building with a 20-storey residential tower designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, adding to a growing pipeline of high-density projects reshaping one of Brisbane's fastest-evolving inner-city precincts.

The project has been conceived as a "living building", featuring a flowing tower form, extensive vertical landscaping, and generous communal spaces that respond to the evolving Kurilpa Sustainable Growth Precinct.

TRK Property Group Development Director Matt Kan said the project reflected the confidence developers have in South Brisbane's long-term future.

"South Brisbane is entering an incredibly exciting period, and we see Montague Road sitting right at the heart of that evolution," Kan said.

"With the former Visy site directly opposite us and significant investment planned throughout the broader Kurilpa precinct, there is a real sense of momentum around this part of the city and what it will become over the coming years.

"For TRK, this is an opportunity to be part of that next chapter and deliver a project that responds to where the precinct is heading, while contributing to the continued evolution of Brisbane's river edge."

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="590fe1ad-f892-4446-a679-80e33a16d029" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20tower%20facade.png?VersionId=uOJStrcKpyHFcPE1w6_9SMAFzVMCcZll" />

The scheme includes a mix of one, two, three and four-bedroom apartments, incorporating multi-purpose rooms in selected residences to provide additional flexibility for home offices or expanded living areas. The proposed mix comprises 15 one-bedroom, 13 one-bedroom plus MPR, 73 two-bedroom, 26 two-bedroom plus MPR, 30 three-bedroom, and four four-bedroom apartments.

Rather than adopting a conventional rectilinear tower, COX Architecture has developed a sculpted form inspired by the movement of the Brisbane River.

"The proposal has been designed by COX Architecture as a 'living building' that responds to the site's riverine setting, floodplain history and evolving urban context within the Kurilpa Sustainable Growth Precinct," the planning report states.

"The architectural form draws from the fluid nature of the Brisbane River, with a curved and undulating tower form that creates a varied architectural edge and avoids a conventional rectilinear tower expression."

The podium has also been designed as an architectural feature rather than a conventional parking structure, with cascading planting, screening and natural-toned materials softening its appearance. Resident parking is elevated above ground level to address the site's flood constraints, while habitable apartments sit above flood planning levels. Upper-level communal facilities are designed to accommodate shelter-in-place arrangements during major flood events.

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="01fa15d0-90df-46c7-9555-7941fc45373c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20podium.png?VersionId=mHyua.w1pHGBt9qEdWzrlsv.leztUCwO" />

Communal amenity is a major focus of the proposal. Around 1,815 sqm of shared resident space is proposed across the ground floor, level 19 and the rooftop, including co-working areas, indoor and outdoor recreation spaces, wellness facilities, dining and gathering areas, lawn spaces, a rooftop pool and spa, and extensive landscaping. At street level, a landscaped forecourt and approximately 345 sqm of publicly accessible open space along Montague Road are intended to improve the pedestrian experience while activating the building's frontage.

The development will provide 163 car spaces, including 152 resident bays and 11 visitor spaces, together with 144 bicycle spaces incorporating resident storage, visitor parking, bicycle maintenance facilities and e-mobility charging infrastructure.

The site sits within one of Brisbane's fastest-changing inner-city precincts, less than two kilometres from the CBD and within easy reach of South Bank, West End, the Queensland Cultural Centre and extensive public transport connections. The Kurilpa Sustainable Growth Precinct planning framework is encouraging higher-density residential development to help meet Brisbane's housing supply targets while supporting walkable, transit-oriented neighbourhoods.

TRK Property joins South Brisbane apartment surge with Montague Road tower plans

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

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?

Sales have launched at Hali Dromana, the rare beachside townhouse development by Samuel Property on the Mornington Peninsula.

Samuel Property, led by Illan Samuel, once again partnered with the architectural excellence of Cera Stribley, one of Melbourne's most sought-after architecture firms, to design the 70 three and four-bedroom townhouses. The two worked together on Louise, Samuel's other development just off St Kilda Road.

Samuel says <a href="/new-townhouses/hali-dromana-105-111-point-nepean-road-dromana-vic-3936">Hali Dromana</a> is a homage to the beloved 1960s holiday home where Australian summers were defined.

"Hali will give <a href="/developments/dromana-vic-3936">Dromana</a> a fresh identity that will stand the test of time," Samuel says.

[smartcode_project:default project_id=147112 project_image_fid=330350]

There have been three distinct buyer groups since the project launched, according to Blair Property Group Director Darren Blair.

The most active group has been those who already live on the Mornington Peninsula and are looking for lower-maintenance living, closer to the beach.

"These buyers have been locals for years, whether from Rosebud, Safety Beach, or Red Hill," Blair says.

"They want to rid themselves of maintaining a 1,000-plus sqm block and downsize to something brand new, closer to the beach. They're approaching retirement and want a more connected, lock-up-and-leave lifestyle—they don't want to get in their car and drive to the beach anymore."

[smartcode_project:default project_id=147112 project_image_fid=330358]

There's also been interest from those living in Melbourne's affluent eastern suburbs, who are planning for both a weekender and, potentially, a future beachside retirement home.

"These buyers will likely rent the home in the short to medium term and use it as their weekender throughout the year, but they're buying for a future permanent bolthole on the Mornington Peninsula."

What’s notable is that most of those who have shown interest have a significant connection to Dromana, Blair says.

"They either holidayed or grew up in Dromana as children, and they have historic ties to the area. Hali gives them the opportunity to buy something of this quality, which was previously unavailable anywhere on the Mornington Peninsula."

Samuel recently secured the permit for the near two-hectare block that was formerly the Kangerong Holiday Park. The few buildings that were on the prime site have started to be demolished, and civil works on the land will begin in the coming months. Completion of Hali is slated for mid-2027.

Buyers are already walking through the display suite at 9 Pier Street, 700m from Hali.

[smartcode_project_cta:default project_id=147112]

Buyers are already walking through the display suite at 9 Pier Street, 700m from Hali

Hali Dromana strikes a chord with locals and Melbourne buyers looking for low maintenance beachside living

The European origins of the Hunter Valley date back to the early 1820s when the first small vineyard plots of about 20 acres were planted on the northern banks of the Hunter River trade route. Fast forward over two centuries and the Hunter Valley has grown to become one of the most popular regional destinations for foodies, wine lovers and golfers.

Despite the high level of interest in both living and visiting the Hunter Valley,&nbsp; development of new residential offerings has been limited. The Hunter Valley is traditionally known for its charming country homes, many of which have been in place for over a century and sit on larger rural blocks of land.

<a href="/new-townhouses/lovedale-farm-1184-wine-country-drive-lovedale-nsw-2325">Lovedale Farm</a>, the new residential, resort, and golf community from Capital Corporation, brings a new residential offering to those seeking the Hunter Valley lifestyle. The opportunity has not been lost on those from Sydney and Newcastle, who have already snapped up over 60 per cent of the first release.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/eUNxE5XQX8w?si=deCOe1eLBXwFfvFA" title="YouTube video player"></iframe>

In the heart of the Hunter Valley between Pokolbin and Rothbury, Lovedale Farm is a masterplanned golf development that will span an almost unrepeatable 240 hectares.

Every detail has been designed to be in keeping with the character of the local region, from half of the site being dedicated to green open spaces, bush restoration and recreation, to the design of three and four-bedroom residences, crafted as a rural retreat for 21st-century living.&nbsp;

[smartcode_project:default project_id=14476 project_image_fid=334210]

<a href="/developers/capital-corporation">Capital Corporation</a> has worked hand in hand with Cessnock Council and NSW Government for the best part of two decades to realise the vision for Lovedale Farm.&nbsp; The first release of residences will be accompanied by an 18-hole golf course designed by Darius Oliver, the designer known for projects like Cape Wickham on King Island.&nbsp; The masterplan includes a wider residential community, a boutique, high-end resort, destination dining precinct and apartments.&nbsp;&nbsp;

Buyers now have the chance to secure a slice of Lovedale Farm. Lot sizes range from 550 sqm up to 3,000 sqm. Prices for turnkey residences start from $1.35 million for three-bedroom homes on 550 sqm lots, lower than Sydney’s median house price of around $1.4 million.

The residences have been custom-designed exclusively for the development, balancing contemporary architecture with the traditional character of the Hunter Valley, with landscaping by Moir Studio.

[smartcode_project:default project_id=14476 project_image_fid=334207]

The golf-first design principle ensures the course remains a focal point, with a British heathland-style layout providing both strategic play and scenic views. Complementing the community will be an epicurean dining precinct featuring farm-to-table dining and a mix of local producers. The boutique resort will include luxury amenities such as a swimming pool, fitness facilities, and leisure spaces.

With seven kilometres of walking trails and a landscape inspired by the area’s natural beauty, Lovedale Farm is designed to provide both residents and visitors with an authentic rural lifestyle experience.

[smartcode_project:default project_id=14476 project_image_fid=334206]

Capital Corporation is officially unveiling its display suite at nearby Hunter Valley Gardens on March 15. The event, Gather on the Green, will feature local food, wine, and entertainment.&nbsp;

Capital Corporation has an enviable track record for creating large-scale, masterplanned communities across urban regeneration and greenfield sites. They’ve been behind the development of Woolooware Bay Town Centre at Cronulla Sharks Shark Park.&nbsp; More recently they are working on a multi-stage development in Wahroonga, <a href="/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">The Residences</a>, which will bring the first-ever large-scale development to the popular Upper North Shore suburb.

Last year they completed The Bond, working in tandem with the Bondi Junction RSL Club to develop 80 high-end apartments above a brand new RSL Club on Gray Street Bondi Junction.

[smartcode_project_cta:default project_id=14476]

Inside Lovedale Farm, Hunter Valley’s newest landmark destination

There's no slowing down the popular, design-driven Melbourne apartment developer Milieu.

Currently working on <a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, a garden community in Elsternwick, and nearing completion of the <a href="/new-apartments/plant-street-by-milieu-malvern-1-plant-street-malvern">Plant Street Malvern project</a> later this year, Milieu is preparing to launch its sixth project in <a href="/new-apartments/brunswick-vic-3056">Brunswick</a> project, one of Melbourne's trendiest suburbs.

The developer has secured approval for a nine-level, mixed-use development on the corner of Dawson and Saxon Street, just off Sydney Road and next to the famous Brunswick Baths.

[smartcode_project:default project_id=136434 project_image_fid=306343]

The new project, to be known as <a href="/new-apartments/saxon-street-by-milieu-10-dawson-street-brunswick">Saxon Street by Milieu</a>, will provide much-needed housing stock to the area, with apartments to be incorporated into the Jackson Clements Burrows Architect-designed building located in Brunswick’s Major Activity Centre.

The new building, with 78 apartments, will replace The Brosnan Centre, on an irregular shaped, but prime 1,764 sqm site in an area known as the civic and cultural epicentre of Brunswick, also adjoining councils brand new arts precinct known as Balam Balam Place.

<img alt="Milieu Brunswick" data-entity-type="file" data-entity-uuid="b172aa05-75e1-4ec0-9494-1f94615a0847" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-15%20at%202.09.49%20pm.png?VersionId=SOFldlPMDi.4ZIaJUw5OT4.60qGHee6s" />An image from the town planning submission: Image Credit: JCB Architects

The gas-free building will be made up a diverse mix of one, two and three-bedroom apartments&nbsp;over two levels of basement bar parking.

Milieu says&nbsp;the design, which includes landscaping by Oculus and interiors by Design Office, centres on sustainable initiatives that will reduce the cost of living.

"Designed with the future in mind, this project has been considered for its positive impact on the local community," Milieu says.

"Alongside the homes, the project will enhance the precinct through substantial improvements to public infrastructure and pedestrian access."<img alt="Milieu" data-entity-type="file" data-entity-uuid="887fd8f0-c41d-4157-bfc5-e35874f6a56b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-15%20at%202.10.01%20pm.png?VersionId=lkLmPhE6jcSq60dAZS3Yy5bPPzOx3aEa" />An image from the town planning submission: Image Credit: JCB Architects

The developer, founded in 2010 and led by Michael McCormack and Shannon Peach, said the&nbsp;Merri-bek Arts and Culture Precinct&nbsp;continues to evolve, fostering the arts and promoting health and wellness throughout the area.

In the design documents submitted to the Merri-Bek Council, JCB said the proposed building serves to sites neighbouring architectural heritage and substantially improve the public realm.

"Informed by neighbouring arched windows, a curved language is introduced to canopies, floor plate edges and parapets. This language is then exaggerated with introduction of semi-circular protruding balconies contrasting with the building’s otherwise rational façade."

<img alt="Milieu" data-entity-type="file" data-entity-uuid="ee02a473-0e3b-47cb-b302-7f3e0868e245" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-15%20at%202.10.13%20pm.png?VersionId=ffuDtieMREIweTkVklIknTIaNsBD8vcT" />An image from the town planning submission: Image Credit: JCB Architect 
 
JCB said a&nbsp;key move made to improve the precinct is a 3.7-metre ground plane setback from Saxon Street widening an existing compromised narrow footpath.

"This significant urban gesture strengthens the physical connection between Dawson Street and Siteworks, a key Merri-bek cultural amenity," they said.

Saxon Street by Milieu is expected to launch in the coming months.

[smartcode_project_cta:default project_id=136434]

Exclusive: Milieu secures approval for new Brunswick apartment project, Saxon Street by Milieu

Brisbane's unit market continues to see impressive growth in 2025.

After reaching a four-decade high in 2024, with a remarkable 16.6 per cent growth—the highest calendar year increase since the mid-1980s—Brisbane units have sustained their momentum.

According to CoreLogic's latest Home Value Index, unit values rose by 0.7 per cent in February, making it the second-best performing capital city unit market. This follows strong growth of 0.6 per cent in January and 0.8 per cent in December, demonstrating consistent upward movement.

The median unit price in Brisbane is now approaching $700,000, up from $568,000 at the start of 2024.

Unit values have consistently outpaced house prices, with house values remaining flat in February.

Brisbane’s performance aligns with broader national trends. While many capital cities began experiencing negative growth in the latter part of 2024, the February interest rate cut has reignited demand, reversing some of these declines.

<h2>What happened in Brisbane’s off the plan apartment market in February? &nbsp;</h2>

A major policy shift was announced in February that will significantly impact Brisbane’s new apartment market.&nbsp;

The Queensland Government revealed that first home buyers purchasing a new property will no longer have to pay stamp duty, removing a major upfront cost that has long been a barrier to homeownership. &nbsp;

The policy aims to increase home ownership rates in Queensland, which have been at their lowest in the country over the past decade.&nbsp;

The move is also expected to provide a boost to new apartment sales, particularly in Brisbane, where demand from first home buyers is strong. &nbsp;

Read more:&nbsp;<a href="/news/qld/first-home-buyers-to-pay-no-stamp-duty-on-new-property-in-qld-gov-shakeup">First home buyers to pay no stamp duty on new property in QLD Gov shakeup</a>

February saw Sekisui House Australia reveal Callista on Park, the final stage in their thriving West Village precinct.

After nearly a decade of transforming the former Peter's Ice Cream Factory site in Brisbane's West End,&nbsp;<a href="/developers/sekisui-house-australia" target="">Sekisui House</a>&nbsp;Australia has&nbsp;unveiled the final opportunity to buy into the thriving West Village community.

[smartcode_project:default project_id=134800 project_image_fid=330238]

<a href="/architects/rothelowman">Rothelowman</a>&nbsp;has designed&nbsp;<a href="/new-apartments/callista-on-park-west-end-49-mollison-street-west-end">Callista on Park</a>, a mix of two, three and four-bedroom apartments across a 14-level building.

The plans were rejigged to shift the majority of the building amenity to the roof, giving future Callista residents a rooftop retreat with extensive views of the Brisbane CBD skyline.

[smartcode_project:default project_id=134800 project_image_fid=330244]

The name Callista on Park has European origins. "Callista," meaning "most beautiful" in Greek, honors the West End area's strong Greek community from the 1980s. It signifies "most beautiful" because it represents West Village’s most premium offering. "On Park" reflects its prime location, fronting Mollison Park, a central green space that hosts events such as the annual Brisbane Ice Cream Festival, pizza and pinot evenings, gardening workshops, and fashion events. It is also situated next to the historic Peters Ice Cream building, home to West Village’s popular farmers market.

Read more:&nbsp;<a href="/news/qld/west-village-final-stage-revealed-as-callista-on-park-launches-to-the-market">West Village final stage revealed as Callista on Park launches to the market</a>

The demand for more premium apartments in Brisbane has also been evident in <a href="/developments/toowong-qld-4066">Toowong</a> where <a href="/developers/consolidated-properties">Consolidated Properties</a> has secured the majority of sales of its penthouse collection at&nbsp;<a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>.

Just two penthouses and a river home are left in the riverfront development after nearly $50 million in penthouse sales. The majority of buyers have been local downsizers.

[smartcode_project:default project_id=113455 project_image_fid=302322]

The final remaining residences, priced from $4.4 million in Monarch which is currently under construction through Hutchinsons and will be completed by the end of the year.

Read more:&nbsp;<a href="/news/qld/penthouses-snapped-up-at-toowongs-monarch-residences">Penthouses snapped up at Toowong's Monarch Residences</a>

City Beat February 2025: Brisbane unit market outperforms houses as government abolishes stamp duty for first home buyers

Landream’s landmark $900 million <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> development - the premier residential development in the Blackwattle Bay precinct - has now started taking registrations of interest.

The historic project, borne after years of negotiations, will finally revive the site that was home to the City of Sydney Council’s former depot, giving the area a much-needed facelift and leading the charge in transforming Sydney’s western harbour.

<a href="/developers/landream">Landream</a> lodged a development application for the project in 2019 which has since been approved.&nbsp;<a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> also sets the tone for the NSW Government’s ambitious plans to reshape this iconic harbourfront into a thriving urban hub.&nbsp;

[smartcode_project:default project_id=138909 project_image_fid=330853] 
&nbsp; 
Located at 14-26 Wattle Street, <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> will deliver 237 apartments. The project’s thoughtful design and integration into the Blackwattle Bay masterplan demonstrate market confidence in the area’s evolution as a vibrant and walkable precinct. 
&nbsp; 
Landream continues to solidify its expertise at residential development having delivered several high-end projects in both Sydney and Melbourne including another complex site in Sydney - the former Coca-Cola building in Circular Quay which was transformed into Opera Residences in 2021.

<h2>First in a revitalised precinct</h2>

Positioned at the gateway to Blackwattle Bay, <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> takes pride in being the first significant private development within the precinct.

[smartcode_project:default project_id=138909 project_image_fid=330852]

Its strategic timing aligns with the Government’s push to rezone Blackwattle Bay while further enhancing the $750 million Sydney Fish Market redevelopment next door. Together, these projects will transform the western harbour into a vibrant residential living, business, and tourism hub.

<h2>Market dynamics and job creation</h2>

The precinct’s rezoning has created opportunities for residential expansion. <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> is perfectly placed to meet the growing demand for city-fringe apartments and mixed-use amenities.

[smartcode_project:default project_id=138909 project_image_fid=331808]

Construction is expected to begin in mid-2025, bringing substantial economic benefits, including hundreds of construction jobs and long-term retail activation.

<h2>Seamless integration</h2>

Designed by BVN, <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> will seamlessly integrate into the area’s evolving character. The four-building development will include a childcare centre, a two-court indoor recreation centre, 237 apartments and a range of communal amenities. These include an outdoor pool, gym, music room, communal landscaped terraces and open spaces designed by OCULUS.

[smartcode_project:default project_id=138909 project_image_fid=330856]

Ownership of the childcare centre and the two court recreation centre will be handed back to the City of Sydney.

Public through-site links will connect Jones Street to Wattle Street as well as Wentworth Park Light Rail station, ensuring convenient access to transport options. With proximity to the future Metro West station and ferry routes, Pyrmont Place will be one of Sydney’s best-connected residential hubs.

<h2> 
Architectural excellence meets sustainability</h2>

<a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> has been designed to honour Pyrmont’s industrial roots and sandstone heritage. Each building will feature a distinctive façade, creating a neighborhood vibe that harmonises with the surrounding environment.

[smartcode_project:default project_id=138909 project_image_fid=331808]

Green landscaped communal terraces, integrated plantings, and sustainable design elements will reflect Landream’s commitment to ecological development

<h2>A Confidence Boost for Sydney’s Western Harbour</h2>

<a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> underscores Landream’s commitment to Sydney’s future as a global city. The development’s design and timing demonstrate strong market confidence in the western harbour’s evolution into an urban village of global significance. 
 
"Pyrmont Place embodies our vision for creating transformative urban spaces that honour the past while embracing the future," says&nbsp;Harvard Shen, Director at Landream.&nbsp;

"This project isn't just about delivering premium residences – it's about crafting a vibrant community that will become the catalyst for Pyrmont's evolution into one of Sydney's most desirable waterfront neighbourhoods."

[smartcode_project_cta:default project_id=138909]

Positioned at the gateway to Blackwattle Bay, Pyrmont Place takes pride in being the first significant private development within the precinct

Landream reveals $900m Pyrmont Place apartments

The unit market on the Gold Coast shows no signs of slowing down.

After a brief cooling in December, where the market remained flat, 2024 still saw values climb by more than nine per cent.

The <a href="/developments/gold-coast-qld">Gold Coast</a> unit market kicked off 2025 strong, with a 0.5 per cent gain in January. CoreLogic’s Monthly Index for February revealed further growth of 0.6 per cent, pushing the median unit value on the Gold Coast to $832,000.

House values have followed a similar trajectory, with a 0.7 per cent rise in February. The median house value on the Gold Coast is $1.2 million.

The growth in Gold Coast property market aligns with national trends, as February saw a reversal of the short-lived housing downturn.&nbsp;

Although the national index increased by just 0.3 per cent, regional housing markets, including the Gold Coast, continued to outperform capital cities.&nbsp;

CoreLogic’s research suggests that this growth is being driven by improved buyer sentiment, spurred by expectations of lower interest rates and a slowdown in new property listings. &nbsp;

<h2>What happened in Gold Coast’s off the plan apartment market in February? &nbsp;</h2>

Sentiment in the Gold Coast off the plan property sector remained strong in February.

Although slightly softened from its 12-month highs in January, interest in new projects on the Gold Coast remained elevated in February, surpassing levels seen throughout most of 2024.

In February, views of projects in Surfers Paradise reached a new 12-month peak, surpassing even January’s numbers, reflecting continued strong demand in the heart of the Gold Coast.

While the market remained robust, February was a relatively quiet month in terms of updates.

The biggest news came from <a href="/developments/broadbeach-qld-4218">Broadbeach</a> where&nbsp;<a href="/developers/bassar-group">Bassar Group</a> lodged plans for a new 33-level tower, <a href="/new-apartments/avva-19-anne-avenue-broadbeach">Avva</a>, on Anne Avenue.<img alt="First look: Bassar Group plot next Broadbeach tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-28%20at%202.05.20%E2%80%AFPM.png?VersionId=dV3x91xH8xvn3Arl5LktpKnCVHjNQlQH" />

<a href="/new-apartments/avva-19-anne-avenue-broadbeach">Avva</a>, the Greek translation for Anne which reflects the heritage of Bassar Director Leo Sarris, will feature a range of amenities on the podium levels, from a lap pool with day beds to a wellness area with a gym, yoga deck, hot and cold plunge, and a sauna and steam room.

Sarris said the conditions are right for their next installment of luxury in <a href="/developments/broadbeach-qld-4218">Broadbeach</a>.

"We're excited to announce the next Bassar tower following on from Infinity which sold out before construction completion," Sarris says. They've kept the same design team, with BDA again on board.

Read more:&nbsp;<a href="/news/qld/first-look-bassar-group-plot-next-broadbeach-tower">First look: Bassar Group plot next Broadbeach tower</a>

Broadbeach is always the most popular suburb on Urban for new apartments. Bringing more timely supply to the market in Febraury was&nbsp;<a href="/developers/amalgamated-property-group">Amalgamated Property Group</a>, who officially launched Affinity, their 39-storey development on Chelsea Avenue.

It's the first new development in Broadbeach to hit the market fresh in 2025.

[smartcode_project:default project_id=107690 project_image_fid=324819] 
&nbsp; 
Featuring 180 two and three-bedroom apartments, <a href="/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity</a> aims to attract owner-occupiers with spacious floor plans, coastal views, and an extensive range of amenities, including a heated outdoor pool, gym, and private dining areas.&nbsp;

Construction is expected to commence in the second quarter of 2025. &nbsp;

Read more:&nbsp;<a href="/news/qld/amalgamated-property-group-launches-affinity-broadbeach-apartments-ahead-of-construction-commencement">Amalgamated Property Group launches Affinity Broadbeach apartments ahead of construction commencement</a>

Staying within the centre of the Gold Coast but on its fringe is Capri Villas. In February, developer&nbsp;<a href="/developers/monaco-property-group">Monaco Property Group</a> released the final stage of the gated community on the Isle of Capri, with construction progressing towards mid-2025 completion.&nbsp;

Offering something different to the new development market on the Gold Coast, <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri Villas</a> offer low maintenance living while retaining that feeling of living in a house.

[smartcode_project:default project_id=139511 project_image_fid=324087]

The three and four-bedroom villas are spread across a 12,000 sqm community behind a secure gate only accessible by residents and its guests. Once inside the gates, it feels like an American country club, with private roads leading to the villas.

Located in <a href="/developments/isle-of-capri-qld-4217">Isle of Capri</a>, the boutique development has been well received by buyers seeking waterfront living. &nbsp;

Read more:&nbsp;<a href="/news/qld/final-release-at-capri-villas-as-construction-speeds-toward-mid-2025-completion">Final release at Capri Villas as construction speeds toward mid-2025 completion</a>

CoreLogic's Monthly Index for February showed further 0.6 per cent growth, taking the median unit value on the Gold Coast to $832,000.

City Beat February 2025: Gold Coast property market continues upward trajectory

Deicorp has secured planning approval for its latest <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill apartment development</a>.

The developer will deliver 873 dwellings across five residential buildings in the East Showgrounds Precinct, next door to their now under construction 430-unit Hills Showground Village.

The new development will comprise of three buildings designed by GroupGSA and two designed by TURNER and will include arund 3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="9e5b79fb-bcb4-4a0e-855a-497aa429e3e0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-04%20at%2010.44.22%E2%80%AFAM.png?VersionId=vLuMGyeVt3uNg.2crQ2AzPaTEJLc.E9v" />

Deicorp was chosen by Landcom and Sydney Metro to develop both sites, with the new project&nbsp;delivering 136 one-bedroom, 527 two-bedroom and 210 three-bedroom dwellings.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said Deicorp’s founder Fouad Deiri.

“These new homes will provide their residents with a seamless connection to jobs and services along Metro North West, and the new Hills Showground Village retail precinct currently under construction.

“We look forward to deliver this much-needed housing that adds to our significant pipeline of projects along the Metro line, which includes Tallawong Village, Hills Showground Village, and The Five Ways in Crows Nest which recently was granted development approval.

“Importantly, the East Showgrounds development will include 44 affordable housing apartments for key workers on the doorstep of Sydney’s Metro rail line."

<img alt="Hills" data-entity-type="file" data-entity-uuid="c928d11b-df44-4f84-abf1-102a4f2826c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-04%20at%2010.44.49%E2%80%AFAM.png?VersionId=AmYLq4nuYFKD4dJWqW8Kvifi7AC27k7q" />

GroupGSA Director Lisa-Maree Carrigan said The Hills Showground Precinct East emphasises sustainability to enhance its environmental, social, and economic value, aiming to become a green neighbourhood with excellent amenities.

"It provides a strong connection to both the landscape and historic setting of the Castle Hills Showgrounds, with designing with Country bringing together all buildings and communal spaces through the vibrant public realm,"&nbsp;Carrigan said.

“The buildings form a backdrop to the verdant Showgrounds above the tree line, affording the apartments expansive views over the district and towards the CBD. This natural setting is enhanced through substantial balconies, rooftop gardens and parks, with communal rooms and grand lobbies providing areas for socialisation and community.

"Located directly adjacent to the Metro, the apartments have been designed to provide generous outdoor living spaces and provide an enviable lifestyle with tremendous convenience."

The latest approval adds to the Independent Planning Commission’s approval for Deicorp’s 188-unit Crows Nest project and the City of Sydney’s consent for their 574-unit project in Joynton Ave Zetland.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said Deicorp’s founder Fouad Deiri

Deicorp secures approval for East Showgrounds, Castle Hill apartment project

After a very brief cooling of the market, Sydney property is back doing what it does best, growing in value.

The monthly update from property data analytics firm CoreLogic showed a sharp turnaround in most capital cities over February, with their overall Home Value Index swinging from negative growth in January to positive in Feb.

Unit values in Sydney edged up 0.2 per cent, following back-to-back months of declines (-0.2 per cent in Jan and -0.3 per cent in December). The median unit value in Sydney is now $855,000.

Houses have performed in a similar pattern, up 0.3 per cent in February following declines of -0.4 per cent in January and -0.7 per cent in December. The Sydney median house value is $1.4 million, $545,000 more than the median unit value.

The interest rate change in the middle of February was enough to change the fortunes of most capital city markets. The upper quartile of the market led the growth in Sydney, aligning with CoreLogic’s past research indicating that high-value housing segments tend to respond more quickly to interest rate shifts.

Regional NSW saw stronger growth relative to the capital, with values rising 0.4 per cent over the month and one per cent over the rolling quarter.

Stock levels remained elevated in Sydney, with listing counts up 6.9 per cent compared to the previous five-year average. While the market remains in a rebalancing phase, the latest figures suggest Sydney’s downturn may have been short-lived, with further growth possible if borrowing conditions improve.

<h2>What happened in Sydney’s off the plan apartment market in February?</h2>

The off the plan apartment market in Sydney saw several significant developments in February including regulatory changes, major project approvals, and shifting market dynamics driven by anticipated interest rate cuts.

The NSW Government announced it will be reviewing off the plan contract laws to provide greater certainty for buyers and to prevent developers from unfairly profiting from contract delays or cancellations.&nbsp;

Proposed reforms include mandatory sunset clauses to ensure buyers can withdraw if key milestones are not met, restrictions on developers extending sunset dates beyond factors outside their control, and potential financial penalties for inaction.&nbsp;

The government is also considering changes to outdated land title covenants to facilitate housing development. Consultation is open until 7 March 2025, with legislation expected in 2025.

Read more:&nbsp;<a href="/news/nsw/off-the-plan-contract-laws-under-review-to-provide-greater-certainty-to-buyers">Off the plan contract laws under review to provide greater certainty to buyers</a>

The NSW Government were again involved in the biggest planning move in February. They sign off on concept approval of the Central Barangaroo precinct by&nbsp;<a href="/developers/aqualand-australia" target="">Aqualand</a>.

The five-hectare development will feature residential, retail, hospitality, and community spaces, alongside a new metro station entrance and over two hectares of public open space.&nbsp;

<img alt="Central Barangaroo development takes big step with concept proposal approval" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-17%20at%208.55.23%E2%80%AFAM.png?VersionId=SFwWJx81d_FB3UrHwr4R.KF3vX8bVsAE" />

The project is set to generate $2.26 billion in economic activity during construction and create over 12,000 jobs.&nbsp;

Detailed development applications will follow, with construction expected to commence in late 2025 and the first stage completing around 2030.

Read more:&nbsp;<a href="/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Several notable residential projects progressed in February. <a href="/developers/goldfields-group">Goldfields</a>&nbsp;appointed <a href="/builders/ultra-building-co">ULTRA Building Co</a> as the builder for The Bryson in <a href="/developments/chatswood-nsw-2067">Chatswood</a>, a high-rise apartment project designed by <a href="/architects/make-architecture">Make Architects</a>.&nbsp;

<a href="/new-apartments/the-bryson-of-chatswood-871-877-pacific-highway-chatswood">The Bryson</a> will include one, two, and three-bedroom apartments, luxury penthouses, and a mix of retail and office space. Construction is scheduled for completion in Q4 2026.

[smartcode_project:default project_id=21170 project_image_fid=210270]

In <a href="/developments/darling-point-nsw-2027">Darling Point</a>, <a href="/developers/lendlease-development">Lendlease</a> and joint venture partner&nbsp;<a href="/developers/mitsubishi-estate-asia">Mitsubishi Estate</a>&nbsp;released preliminary plans for its significant development at <a href="/new-apartments/darling-point-road-apartments-darling-point-road-edgecliff">1 Darling Point Road</a>.&nbsp;

The proposed 17-level tower will include 60 apartments, with 21 designated as affordable housing. <a href="/architects/tzannes-architects">Tzannes Architects</a> is leading the design, with construction anticipated to begin in 2026.

Read more:&nbsp;<a href="/news/nsw/preliminary-apartment-plans-revealed-for-landmark-darling-point-site-by-lendlease-and-mitsubishi-estate">Preliminary apartment plans revealed for landmark Darling Point site by Lendlease and Mitsubishi Estate</a>

<img alt="Preliminary apartment plans revealed for landmark Darling Point site by Lendlease and Mitsubishi Estate" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-05%20at%2012.37.22%E2%80%AFPM.png?VersionId=i_2JCgJfRF56VDrdjZo6FOW02I0boIVu" />

Further east, more shoptop housing is planned for&nbsp;<a href="/developments/bondi-beach-nsw-2026">Bondi Beach</a>’s Hall Street.

The five-level building will feature 17 apartments above several retail spaces. Designed by <a href="/architects/mhn-design-union">MHN Design Union</a>, the project aims to integrate with the evolving streetscape of Bondi’s commercial and residential precinct.

<img alt="First look: Hall St, Bondi Beach transformation to continue with new shoptop housing pitched" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-10%20at%2012.28.14%E2%80%AFPM.png?VersionId=AESrkS9BPGMPFQF7lkA4Z8DQcPVh6dY." />

Read more:&nbsp;<a href="/news/nsw/first-look-hall-st-bondi-beach-transformation-to-continue-with-new-shoptop-housing-pitched">First look: Hall St, Bondi Beach transformation to continue with new shoptop housing pitched</a>

Before the February rate cut, CoreLogic conducted research to identify areas that could experience the highest growth from several potential rate reductions.

Their findings indicated that the <a href="/developments/chatswood-nsw-2067">Chatswood</a> and <a href="/developments/lane-cove-nsw-2066">Lane Cove</a> area would be one of the top performers, with a projected value increase of 16 per cent if the Reserve Bank were to cut the official cash rate by one percentage point.

The Eastern Suburbs could see a 13 per cent increase, while regional areas such as Dural to Wisemans Ferry and Campbelltown might experience growth of up to 18 per cent and 16 per cent.

Read more:&nbsp;<a href="/news/nsw/the-sydney-suburbs-that-will-see-the-biggest-uplift-in-apartment-values-after-interest-rate-cuts">The Sydney suburbs that will see the biggest uplift in apartment values after interest rate cuts</a>

City Beat February 2025: Sydney property downturn ends abruptly as rate cuts spur price growth

When boutique developer Prime Edition was researching where to create their next apartment project, it was important to focus on some key fundamentals that would allow future residents to live an elevated lifestyle.

Prime Edition, known for its boutique developments in areas like Toorak and South Yarra, aimed to bring that level of quality and craftsmanship to a larger scale. For that, they needed a larger site befitting of their vision.

That led them to <a href="/developments/clifton-hill-vic-3068">Clifton Hill</a>, the small suburb tucked away between Fitzroy and Collingwood.

Very little new development has occurred in recent years in the area, which benefits from being close to the Melbourne CBD.

Prime Edition snapped up a 1,540 sqm site on Queens Parade, near the intersection of Queens Parade and Smith Street, regarded as a prime location.

They recently launched the development, dubbed <a href="/new-apartments/33-queens-parade-clifton-hill-33-queens-parade-clifton-hill">33 Queens Parade</a>, a collection of 40 apartments, penthouses, and townhouses that will allow future residents to benefit from a myriad of local amenities while also being well-connected to wider Melbourne.

[smartcode_project:default project_id=134228 project_image_fid=305765]

The development is strategically located across the road from the Smith Street and Queens Parade tram stop, which will benefit city workers as well as families with children in higher education. The tram on Route 86 takes just 20 minutes to get into the city, passing through Fitzroy and Collingwood, and also heads north through Northcote and Preston to the RMIT Bundoora campus. Clifton Hill Station is also just 700 metres away.

There are educational opportunities aplenty on the doorstep. Just 500 metres up the road is the recently opened Wurun Senior Campus, an innovative new facility for Collingwood College and Fitzroy High School’s Year 11 and 12 students. For a younger family, the address is a short walk to Clifton Hill Primary School.

33 Queens Parade residents will also be spoilt for choice when it comes to parks. 500 metres north is Edinburgh Gardens, one of Yarra's largest parks. The 24-hectare park is home to the W.T Peterson Community Oval, a kids' playground, skatepark, basketball court, barbecue facilities, and large expanses of open lawn and landscaped gardens. Around half of the park is dog off-leash.

The same distance from 33 Queens Parade to the east is Darling Gardens, a smaller park with a kids' playground, barbecue, and walking paths.

Just past Darling Gardens is Quarries Park, a network of parks and sports grounds. It's linked by paths across Clifton Hill and connects to the Main Yarra and Merri Creek trails (Capital City Trail).

[smartcode_project:default project_id=134228 project_image_fid=322175]

Queens Parade Village is also a well-known hub among locals. The shopping village runs from Smith Street up to Heidelberg Road and is home to retail shops, hospitality venues, and health and wellbeing services. At the village's heart is Clifton Hill Station, just 700 metres away.

33 Queens Parade fills a gap in the suburb, where the median house price is over $1.7 million, and less than a quarter of dwellings are apartments.

[smartcode_project:default project_id=134228 project_image_fid=322189]

Architecture firm <a href="/architects/cera-stribley-architects">Cera Stribley</a> designed the building so the apartments connect to the outdoors at every opportunity, with balconies, garden courtyards, and private rooftop terraces.

Extensive stamp duty savings apply to residences at 33 Queens Parade until October 2025. Apartment buyers could save up to $124,000, while townhouse buyers could save up to $127,000. Those looking to secure a penthouse could save around $195,000 on stamp duty.

[smartcode_project_cta:default project_id=134228]

Queens Parade Village is a well-known hub among locals, home to retail shops, hospitality venues, and health and wellbeing services

Parks, pastries, and proximity to Melbourne: The prime location of 33 Queens Parade apartments in Clifton Hill

Silverstone Developments is scrapping its plans for an office tower in favor of new apartments as it continues to expand its residential development pipeline.

The developer, currently working on The Windermere in Ascot and with another site in Hamilton, has decided to move forward with a 192-apartment tower in Milton, replacing the previously planned 24-level office building at <a href="/new-apartments/299-coronation-drive-milton">299 Coronation Drive</a>.

They have kept Woods Bagot as the architect and retained many of the design principles from the original office tower plan.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="90982b46-d5bb-4381-b61b-f6a03ecb759c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.20%E2%80%AFPM.png?VersionId=QwlGCSNRQ3Ibi3hrmtPNkPtkIq8bciOZ" />

"The design concept for the proposed development at 299 Coronation Drive seeks to take cues from the architectural language of exemplary archetypes present on the stretch of Coronation Drive from Toowong to the Brisbane CBD," Woods Bagot noted in their submission to the Brisbane City Council.

They said examples include the fine screen and detail like the nearby Regatta Hotel,&nbsp;the terrace house typology, the modern interpretation of traditional features at the Toowong Library, and the tectonics of the traditional Queenslander.

"The design will draw upon these elements to develop a design that is relevant to place."

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="0ebd2afc-3562-4948-98fe-ebfff07bc638" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.39%E2%80%AFPM.png?VersionId=VSkknd7dq.Dz79FTh9ChTA18kholZkRo" />

The plans are for 192 two and three-bedrooms aimed squarely at the owner-occupier. All of the 48 two-bed units will have a multi-purporse room. The three-bedroom apartments are categorised as small, medium and large in the submission. There will be just eight apartments per floor.

The amenity has been lcoated on the roof, like most new builds in Brisbane. A lap pool, with a plunge pool at either end, will be accompanied by a sauna, steam room, hot and cold plunges, and a treatment room. The roof will also feature a gym, private and outdoor dining spaces, a fire pit area, and extensive integrated seating near barbecue facilities.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="e7e1d7e3-db76-4bce-9560-b9801d1ec322" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.30.17%E2%80%AFPM.png?VersionId=tL.JqwnUMOszxcwreRUJ.RKAv5gSCpRa" />

Apartments will be serviced by 291 parking spaces and 270 bicycle spaces.

There's been notable success on Coronation Drive in recent years. In the neighbouring Toowong, Consolidated Properties is close to selling out Monarch Residences at&nbsp;600 Coronation Drive after a <a href="/news/qld/penthouses-snapped-up-at-toowongs-monarch-residences">stellar few months of penthouse sales.</a>

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