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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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?

Gold Coast units have experienced robust growth throughout 2024.

According to the latest data from property analytics firm CoreLogic, unit values in the <a href="/developments/gold-coast-qld">Gold Coast</a> increased by 0.6 percent in September, marking a 1.5 percent rise for the quarter.

The median unit price, which surpassed $800,000 last month, has now reached over $807,000—an increase of 12.3 percent since the beginning of the year.

In fact, this growth has outpaced that of houses, which have shown a slight decline of 0.1 percent in September, despite being up 12.1 percent for the year.

September was particularly active in the off the plan apartment market, with notable activity coming from <a href="/developments/main-beach-qld-4217">Main Beach</a> and <a href="/developments/palm-beach-qld-4221">Palm Beach</a>.

<a data-entity-type="file" data-entity-uuid="be5cc347-5ebf-4d4d-a603-7f769470fe19" href="/developments/gold-coast-qld"><img alt="Gold Coast" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-25%20at%208.29.12%E2%80%AFAM_0.png?VersionId=2RV7fM4gX4d0aHsjm0AXOTgzElpifY.a" /></a>

&nbsp;

<h2>What happened in Gold Coast’s off the plan apartment market in September</h2>

There was a mix of new apartment supply in Main Beach in September, as well as supply to come.

Builder developer Alroe Construction launched <a href="/new-apartments/lune-main-beach-19-21-rankin-parade-main-beach-qld-4217">Lune Main Beach</a>, a boutique block of six villa-style apartments across the road from Broadwater.

[smartcode_project:default project_id=146373 project_image_fid=297482]

Located on the corner of Rankin Parade and Peak Avenue, Lune offers just half-floor apartments, each spanning nearly 300 sqm of indoor and outdoor living space.&nbsp;

Alroe has already started construction at Lune, which will welcome its buyers in mid-2025.

Read more:&nbsp;<a href="/news/qld/alroe-reveals-luxury-main-beach-apartment-development-lune">Alroe reveals luxury Main Beach apartment development, Lune</a>

[smartcode_project:default project_id=146373 project_image_fid=297485]

There's some more density planned for Main Beach, with boutique developer Arena Property Group proposing a 28-level tower with 70 apartments.

<a href="/architects/plus-architecture" target="">Plus Architecture</a>&nbsp;has designed the tower, named Belle Vie—French for "beautiful life"—to feature two distinct sections, separated by an amenities level on the 18th floor. This facilities level includes a residents' lounge with a games area, a library, and various lounge spaces.

<img alt="Belle Vie" data-entity-type="file" data-entity-uuid="a3a55792-3828-49c3-8d53-cd93bd3079e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%207.44.30%E2%80%AFPM.png?VersionId=a_mjjMeppAzWKs1JpKwpHz6Un3x.uFOj" />

Adjacent to the lounge, is a wine cellar, a private dining room, and an outdoor sunset dining area. This level also offers a dedicated work-from-home space with a boardroom, as well as a 91 sqm gym that includes a Pilates studio, a sunrise yoga deck, and a functional training room.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-arena-property-seeks-first-high-rise-tower-with-bella-vie-main-beach-apartment-plans">First look exclusive: Arena Property seeks first high-rise tower with Bella Vie, Main Beach apartment plans</a>

There were two big proposals in Palm Beach in September.

Mantaray Marina and Residences developers Gordon Corp and the hospitality Mathieson family are teaming up again, proposing a nine-level building on Jefferson Lane.

The building, a block from the beach designed by Cottee Parker, will have 47 two and three-bedroom apartments.

Sherpa Property Group is also continuing to double down on the Palm Beach apartment market. They've revealed their newest brand, Flourish, a collection of apartments that will target a diverse buyer mix, not just high-end downsizers.

The new development, Flourish on Sixth, will have 94 one, two and three-bedroom apartments, which are expected to be popular among first home buyers.

[smartcode_project:default project_id=146527 project_image_fid=296026]

The biggest proposal in September however came from the heart of the Gold Coast.

Local developer <a href="/developers/andrews">Andrews Projects</a> revealed it was the buyer of the well-known <a href="/new-apartments/south-beach-surfers-paradise-3006-surfers-paradise-boulevard-surfers-paradise">Orion Towers site</a>. One of the towers was approved at over 100 levels, which would have made it one of the tallest towers in the southern hemisphere.

Andrews however has pared back the plans for 1,100 apartments, instead opting for two 37-level towers with just under 400 apartments.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-andrews-projects-reveal-400-apartment-two-tower-development-in-surfers-paradise">First look exclusive: Andrews Projects reveal 400 apartment, two-tower development in Surfers Paradise</a>

<img alt="Andrews" data-entity-type="file" data-entity-uuid="ce6fd834-f6da-461f-95b0-f111ba7a63bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%2011.34.33%E2%80%AFAM.png?VersionId=eagz_WYz.LuepsFkf06BdZTP4pEsThDt" />

In September, we spoke to three different off the plan buyers, to understand their buyer journey and what they bought.

Two of the buyers were downsizers, one from Brisbane and one from the Gold Coast, and the other was an investor who recently bought three off the plan apartments in the last six months.

Read more:&nbsp;<a href="/news/qld/the-never-lived-in-appeal-for-gold-coast-downsizer-at-tapestry-chevron-island-urban-buyer-q-a">The "never lived in" appeal for Gold Coast downsizer at Tapestry, Chevron Island: Urban Buyer Q&amp;A</a>

Read more:&nbsp;<a href="/news/qld/why-we-are-downsizing-to-crest-broadbeach-urban-buyer-q-a">Why we are downsizing to Crest Broadbeach: Urban Buyer Q&amp;A</a>

Read more:&nbsp;<a href="/news/qld/why-this-property-investor-bought-three-gold-coast-off-the-plan-apartments-in-six-months-urban-buyer-q-a">Why this property investor bought three Gold Coast off the plan apartments in six months: Urban Buyer Q&amp;A</a>

September was a busy month in the Gold Coast off the plan apartment market, with significant activity in Main Beach and Palm Beach in particular

City Beat October 2024: Price growth continues in Gold Coast units as house market slows

The demand for downsizer in apartments is prompting more home owners to band together to create a site more suitable for multi-residential developments.

The latest is on Bond Street, just off Military Road, where four owners have banded together to list their four freestanding homes within 400 metres of the Spit Junction town centre.

They saw the opportunity pending the NSW Government's changes to the Low and Mid-rise SEPP.

“The four owners have agreed it makes sense to enter a co-owners agreement and market the properties in one line to a select group of developers that are active in the local area," Beth McNally, one of the owners of the four properties, said.

The site could be redeveloped into over 28 luxury apartments.

The 1,740m2 site is earmarked to benefit from a material increase to the current floor space ratio from 0.7:1 to an expected 2.2:1 under the SEPP amendments including a maximum building height limit of 22 metres.

The SEPP changes include the Low and Mid-rise housing reforms (LMR) and the Transport Orientation Development Program (TOD) is an NSW Government initiative to increase housing supply located close to established shopping precincts and transport hubs.&nbsp;

Mosman has seen an uptick in demand for quality&nbsp;apartments attractive to local retirees and downsizers.

According to the ABS 2021 census figures the number of people over 65 in Mosman is over 26 percent higher than the national average.

In August, Danny Avidan's Dare Property Group sought to develop 27 apartments above a row of shops at their recently acquired triple site at&nbsp;<a href="/new-apartments/twenty88-mosman-696-706-military-road-mosman">696, 700 and 706 Military Road</a>.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-established-luxury-developer-dare-property-group-plants-a-flag-in-mosman-with-twenty88">First look exclusive: Established luxury developer Dare Property Group plants a flag in Mosman</a>

The obvious demand for more high-end apartments has had&nbsp;<a href="/news/nsw/13-owners-pitch-together-for-rose-bay-apartment-development-opportunity">13 different owners band together</a>&nbsp;in Rose Bay to list a combined 1,377 sqm just one row back from the beach and on the fringe of the Rose Bay village.

McGrath's Craig Pontey says&nbsp;that with the&nbsp;current demand for luxury apartments being exceptionally strong, the site will allow for "many apartments with fantastic Harbour views in a very convenient location."

&nbsp;

Mosman transformation to continue as prime development site listed

Purchasing off the plan can often feel like a confidence challenge; however, once you’ve done it once, the process becomes much easier.

Many buyers find themselves returning to secure apartments in new developments by the same developer, given assurances they've delivered quality before, and, in a lot of cases around the country, price growth on the initial purchase.

This is precisely the case in <a href="/developments/newcastle-west-nsw-2302">Newcastle</a>, where Neil Owens recently purchased an apartment at ONE Apartments, the new two-tower project by local builder-developer GWH. It marked Neil's second purchase with GWH. He bought off the plan in SKY Residences, just 650 metres down the road.

"I have firsthand experience with the developer's quality, and I believe that, like any reputable developer, they will always strive to make each new building even better," Neil said

[smartcode_project:default project_id=24247 project_image_fid=281109]

Neil has been living on the top level of Sky since its completion in 2022.&nbsp;

"It's an amazing apartment," Neil says.&nbsp;

"That was my downsize from my house in the area. I was seeking to scale back work commitments and slow life down, and buying an apartment was part of that."

[smartcode_project:default project_id=8430 project_image_fid=201695]

Neil's purchases with GWH were driven by what he wanted to do for his daughter.

"I wanted to buy something new for my daughter that nobody had lived in," Neil said.

Neil secured one of the few two-level, two-bedroom apartments in ONE Apartments, which he intends to move into.

[smartcode_project:default project_id=24247 project_image_fid=281097]

Going back six years, Neil was looking to downsize locally. He had been looking around Newcastle's centre, but it was a chance meeting after a football coaching camp that paved the way for the start of Neil and GWH's relationship.

Neil scheduled an appointment to go and see SKY Residences after the weekend, a weekend when he was training to become a football coach. When he visited the display on the Monday, he was welcomed by a familiar face.

That was GWH Sales Director Peter Kunov, who had been at the same football coaching training at the weekend.&nbsp;

"It was a chance encounter but it immediately put me at ease that I was talking to someone that was part of the local community," Neil recalled, admitting that he was a little out of his depth.

"I'd never bought off the plan before, and I hadn't lived in an apartment since I was young. But at the time, GWH was building several developments around the area, and SKY was 75 per cent complete, it wasn't just a hole in the ground. That helped me make my decision, and I'm glad I was patient and waited the six months or so for completion and move-in, rather than buy something that would be more short-term thinking."

[smartcode_project:default project_id=24247 project_image_fid=281106]

Neil had looked at some apartments down on the foreshore, but he said the quality "just wasn't there."

His downsizing plans to a secure apartment will allow him the lock-up-and-leave lifestyle downsizers often seek.

<a href="/new-apartments/one-apartments-newcastle-west-1-national-park-street-newcastle-west">ONE Apartments</a> is the latest Newcastle apartment project by reputable builder-developer <a href="/developers/gwh">GWH</a>, a company synonymous with development in Newcastle since its inception in 1995.

The two 22 and 19-level towers designed by <a href="/architects/marchese-partners">Marchese Partners</a> are connected by a four-level podium that will home a commercial space and will be crowned with an outdoor pool.

There are further facilities throughout the building, like a cinema, gym, sauna, bookable private function room, and two rooftop entertainment areas. The Scenic Lounge is located on the 22nd floor of the South Tower, and the Harbourview Lounge is atop the 19th floor of the North Tower.

[smartcode_project:default project_id=24247 project_image_fid=281103]

Over half of the 193 apartments in ONE Apartments have sold, mostly to locals.

GWH's in-house construction arm is on track to complete the two buildings at the end of 2025.

Neil took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind&nbsp;<a href="/guides/the-ultimate-off-the-plan-guide-5-property-experts-share-advice-for-buying-a-new-apartment-or-townhome" target="">buying off the plan</a>&nbsp;property in Australia

[smartcode_project_cta:default project_id=24247]

Neil took part in Urban's Buyer Q&A series which focuses on the driving factors behind buying off the plan property in Australia

Second time's a charm as off the plan buyer secures another apartment with GWH in Newcastle: Urban Buyer Q&A

A prime development site in the heart of Rose Bay, one row back from the beach and in the village, is expected to attract a swell of residential developers.

13 owners have banded together to offer the 1,377 sqm site at&nbsp;730-738 New South Head Road and 2-10 Collins Avenue through McGrath Double Bay agent Craig Pontey, who owns one of the lots.

"We have got together as a collective collaboration of like-minded owners wanting to sell," Pontey says.

"There are five extra large townhouses, one three-bedroom apartment and six shops with underground parking all being offered in one line”.

Pontey says that with the&nbsp;current demand for luxury apartments being exceptionally strong, the site will allow for "many apartments with fantastic Harbour views in a very convenient location."

The site is bounded by three street frontages, New South Head Road, Caledonian Avenue and Collins Avenue, Rose Bay. &nbsp;

"It’s a very high-profile corner site," Pontey added.

Rose Bay is starting to see demand increase in new apartments, particularly for the downsizers.

Historically, the new apartment market in <a href="/new-apartments/rose-bay-nsw-2029">Rose Bay</a> has been virtually non-existent, leaving locals with limited options: either relocate from the suburb they love or downsize to an older apartment in a building constructed decades ago.

However, a shift is underway. The new apartment market is beginning to flourish, offering fresh opportunities for buyers.

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Apartments.com.au. There was a 48 percent increase in searches from June to July, with last month’s search volume reaching its highest level since April 2023.

Read more:&nbsp;<a href="/news/nsw/downsizers-finally-start-to-get-their-chance-in-rose-bay-as-new-apartment-supply-grows">Downsizers finally start to get their chance in Rose Bay as new apartment supply grows</a>

13 owners pitch together for Rose Bay apartment development opportunity

The leafy Glen Iris, regarded as the geographical center of Melbourne, is a suburb that, once you live there, you will never want to leave.

The 3146 postcode offers a perfect blend of suburban charm and connectivity to greater Melbourne. It boasts some of the best schools in the city, as well as easy access to the central business district.

Heath Thompson, Director at Projects by Buxton, has sold out several new apartment developments over the years and notes that <a href="/developments/glen-iris-vic-3146">Glen Iris</a> has long been regarded as one of Melbourne’s top suburbs for families and downsizers.

"You find that those who move to Glen Iris often stay for generations," Thompson says.

"Generally speaking, young families move to Glen Iris to enjoy a family-friendly lifestyle, with some of the best schools and parks in Melbourne. As they approach the empty-nesting phase, these parents often look to downsize locally because soon enough they’ll be grandparents, and their children will likely raise their families in Glen Iris as well. This creates a generational knock-on effect, making Glen Iris a really tight-knit community," Thompson explains.

<a data-entity-type="file" data-entity-uuid="fc441f24-48db-4778-ac6b-b2b4050ce5b8" href="/developments/glen-iris-vic-3146"><img alt="Glen Iris" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%204.29.50%E2%80%AFPM_0.png?VersionId=yn6wKFb35oHupVxV4e.2q6aVGZGdd02z" /></a>

Thompson emphasizes the beauty of Glen Iris as one of Melbourne's established suburbs, with its leafy, tree-lined streets and excellent amenities, while also being one of the most connected areas.

"When you are at that young family stage, there is still great access to the city, whether it be through Glen Iris Station, Gardiner Station, or the extensive tram connections on High Street. You're in close proximity to the city but can feel completely disconnected on weekends, allowing you to immerse yourself in a more family-friendly lifestyle."

Thompson says Glen Iris sits in a prime pocket that enables its residents to enjoy several of the neighbouring suburbs.

"You're on the fringe of <a href="/developments/malvern-vic-3144">Malvern</a> and <a href="/developments/armadale-vic-3143">Armadale</a> to the west, <a href="/developments/camberwell-vic-3124">Camberwell</a> to the north, and <a href="/developments/ashburton-vic-3147">Ashburton</a> to the east. You can take advantage of all the amenities these areas offer."

Leaning into the trend of downsizing in the suburb, developers in recent years have been gearing their new projects to offer large apartments that can cater for both young and established families, as well as the empty nester.

Thompson has just one apartment remaining in <a href="/buildings/galerie-glen-iris-1538-1540-high-street-glen-iris-vic-3146">GALERIE</a>, the newest apartment development in Glen Iris which is slated for completion in the coming months.

[smartcode_project:default project_id=112375 project_image_fid=250355]

While the majority of buyers have been downsizers, several are couples looking to upsize as they plan the next phase of their lives.

"The building represents everything that Glen Iris is about."

The penthouse atop GALERIE set a price record for the suburb in 2023, selling for <a href="/news/vic/glen-iris-apartment-price-record-smashed-with-galerie-penthouse-sale-just-shy-of-4-million">nearly $4 million to a local couple looking to downsize</a>.

[smartcode_project:default project_id=112375 project_image_fid=250358]

Thompson believes Glen Iris is an excellent suburb for downsizing due to its proximity to some of Melbourne’s best neighborhoods and the Monash Freeway.

"There are generally two types of retirees: those who want to travel internationally and can be at the airport in 35 minutes, and those with a weekender on the Mornington Peninsula who can be on the freeway in minutes."

Downsizers are expected to make up the majority of purchases in the latest apartment development launching in Glen Iris.

<a href="/new-apartments/avery-glen-iris-1542-1544-high-street-glen-iris-vic-3146">Avery</a>, located next to GALERIE on High Street, comprises just 24 apartments in a boutique low-rise building designed by Alta Architecture. Alta embraced the principles of wabi-sabi, a Japanese design philosophy that emphasizes natural simplicity and strength.

[smartcode_project:default project_id=22546 project_image_fid=288305]

Alvin Xu of Alta Architecture explained, “I’ve been exploring the idea of wabi-sabi for years. With Avery, I aimed to create tranquillity within an increasingly busy city and instill calm into every aspect of the design. I wanted to sustainably connect nature and gardens to the indoor living spaces."

"Ultimately, I tried to make a place where I would want to spend time, that feels like home as soon as you step inside."

The apartments are designed to maximize natural light with floor-to-ceiling windows and winter gardens that serve as versatile balconies for year-round enjoyment. A central fireplace adds warmth to the living area.

[smartcode_project:default project_id=22546 project_image_fid=288318]

High Street has become one of the most popular streets for new developments in Glen Iris. The seven-kilometer stretch is well serviced by trams to and from the city and runs to the bottom of Albert Park to the east to Ashburton and Malvern to the west.

Downsizers have driven rare Glen Iris townhouse development, Lori, to a near sell-out. Just two of the eight townhouses remain as they approach completion.

The three-bedroom townhouses have been designed by Megowan Architecture to spark some creative flair into Glen Iris.

The townhouses are situated on a sloping block, which allows for expansive views of the surrounding treescape through large picture windows. They&nbsp;feature high ceilings and full-length windows to maximise natural light and provide views of the preserved 100-year-old trees on the site.

[smartcode_project:default project_id=114100 project_image_fid=246532]

There will be even more local amenity for Glen Iris residents if Time &amp; Place's joint venture with Woolworths is approved at 173 Burke Road, on the border of Malvern East.

They've scaled back their&nbsp;shop-top housing development plans by Cera Stribley, now proposing 64 larger apartments above a full-line Woolworths with incresed setbacks and additional affordable housing options.

Glen Iris: The family-friendly Melbourne suburb residents don't want to leave

Coronation Property has revealed the only two penthouses remaining in its architecturally significant inner west residential development, Ashbury Terraces.

There had been three luxury penthouses in the SJB-designed building that is approaching completion, however, one was snapped up pre-launch for $3.2 million.

Christine To, Head of Sales at Coronation Property, says the final release of <a href="/new-townhouses/ashbury-terraces-ashbury-165-171-milton-street-ashbury">Ashbury Terraces</a> will provide discerning purchasers the very last opportunity to secure their ideal home within this popular community.

“Ashbury Terraces is now at 80 per cent sold and is the last pocket of land available for development in Ashbury," To says.

“The thoughtfully considered floor plans and premium amenities at Ashbury Terraces have been tailored to accommodate a variety of tastes and lifestyle preferences, making the residences appealing to both individuals and families seeking a sophisticated and comfortable lifestyle experience."

Located less than 10 kilometres from Sydney’s CBD, Ashbury Terraces has been brought to life by a curated team of Australia’s leading designers and architects from renowned practices <a href="/architects/sjb-architects">SJB</a>&nbsp;and <a href="/landscape-architect/360-degrees-landscape">360 Degrees Landscape Architects</a>.

[smartcode_project:default project_id=112253 project_image_fid=294629]

The striking development features three distinct collections – the Terrace Collection, Apartment Collection, and for the first time on the market, the Penthouse Collection.

The exclusive Penthouse Collection offers open-plan living, as well as a private plunge pool with extensive views of the Sydney CBD.

[smartcode_project:default project_id=112253 project_image_fid=294911]

Each residence will connect to generous outdoor entertainment areas, oversized backyards and courtyards, with rooftop terraces offering views of the city skyline and neighbouring parklands.

The Terrace Collection encompasses 59 three-bedroom terrace homes designed to complement Ashbury's Victorian and mid-century architectural typologies within the exclusive resort-like setting.

The Apartment Collection, with its inviting laneways and village-like feel, comprises one, two, three and four-bedroom park-side apartments, including garden-level units with landscaped yards.

[smartcode_project:default project_id=112253 project_image_fid=294593]

<a href="/developers/coronation-property">Coronation</a> Property’s Managing Director, Joe Nahas, said the market response demonstrates the success and appetite for a development of this kind in <a href="/developments/ashbury-nsw-2193">Ashbury</a>.

"Downsizers who have capitalised on rising house prices over the last two years now seek quality new homes with open-plan living, increased amenity and outdoor space – the key features offered at Ashbury Terraces," Nahas said.

“A key component in Coronation’s property portfolio, this development underscores our commitment to consistently delivering well-designed and expertly constructed residences right across Sydney,” Nahas said.

Ashbury Terraces is on track for completion in late 2024.

[smartcode_project_cta:default project_id=112253]

Coronation Property’s Managing Director, Joe Nahas, said the market response demonstrates the success and appetite for a development of this kind in Ashbury

Coronation introduces penthouse living at Ashbury Terraces, a first for the in demand inner west suburb

First home buyers in Melbourne have a fantastic opportunity to enter the property market, benefiting from some of the most attractive purchasing incentives available in Australia.

Unlike many other states, the calculation of stamp duty in Victoria isn't straightforward. In places like New South Wales, any apartment under a set threshold of $800,000 incurs no stamp duty, effectively excluding most apartments within a 15-kilometre radius of Sydney. In contrast, many one-bedroom apartments in Melbourne’s inner city are priced below $750,000, opening up more possibilities for buyers.

<h2>Why is now an opportunity for first home buyers?</h2>

Currently, first home buyers in Melbourne find themselves in a favorable position, as they are not competing with investors for off-the-plan apartments. While most boutique developments focus on larger two- and three-bedroom units, many high-rise buildings—over 20 levels—feature entry-level apartments that are ideal for first-time buyers.

Moreover, some developers are offering flexible contract terms, including negotiable five percent deposits. There’s also positive economic news, with inflation showing signs of decline, potentially paving the way for the Reserve Bank of Australia to lower interest rates in 2025.

In the off-the-plan market, buyers won’t start paying their mortgage until the apartment is completed. Therefore, it's crucial to consider expected interest rates at that future time rather than the current rates. Market forecasts suggest <a href="/expert-insights/buying/markets-price-in-four-rba-rate-cuts-in-next-12-months-what-it-means-for-the-off-the-plan-apartment-market">four cuts in the next 12 months</a>. When rates decrease, entry-level apartments will become more appealing to investors—who typically have more capital than first home buyers—leading to increased competition.

<h2>What does the data say?</h2>

Data from <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, Apartments.com.au's new data product, indicates strong demand from first home buyers in 2024.

Over 40 percent of inquiries in Melbourne this year have come from this demographic, down from 50 percent in 2023.

This slight decline is primarily due to changing apartment configurations but demonstrates that interest rates have not significantly deterred first home buyers.

<h2>How do I calculate what I can save?</h2>

First home buyers in Victoria can take advantage of two key incentives: the First Home Owners Grant (FHOG) and stamp duty concessions. The FHOG offers $10,000.

Calculating stamp duty can be a bit complex. It’s based on the apartment's price minus the construction cost in the contract. The dutiable value is applicable when this figure is between $600,000 and $750,000, allowing for potential duty concessions.

For the most current information on concessions and eligibility, it's best to visit the State Revenue Office website.

<h2>What can I buy?</h2>

With the high threshold to receive concessions, there are plenty of opportunities to buy all across Melbourne.

We've wrapped up the best opportunities for first home buyers across Melbourne.

<h2>What: Fareham, St Kilda</h2>

<h3>Where:&nbsp;95 St Kilda Road, St Kilda VIC 3182</h3>

<h3>Who:&nbsp;Gamuda Land</h3>

Fareham in St Kilda has a handful of one-bedroom apartments in the 16-level building on St Kilda Road that has been designed to be one of the greenest in Melbourne.

[smartcode_project:default project_id=137950 project_image_fid=281446]

The 73-unit project is set to achieve a 7.5-star NatHERS rating, supported by renewable energy sources and eco-friendly features like EV charging and secure bike parking.&nbsp;

With a focus on integrating nature into urban living, Fareham offers bay views, a communal rooftop, and extensive landscaping.

[smartcode_project:default project_id=137950 project_image_fid=281448]

First-home buyers can benefit from the long construction timeline, offering more time to save, while the energy-efficient design lowers long-term costs.&nbsp;

Prices for one-bedroom units remain competitive compared to the growing Melbourne market.

<h2>What: BLVD at Melbourne Square</h2>

<h3>Where:&nbsp;19 Hoff Boulevard, Southbank VIC 3006</h3>

<h3>Who:&nbsp;OSK Property</h3>

BLVD is the latest addition to Southbank's burgeoning Melbourne Square precinct, offering a 73-level skyscraper with just under 600 apartments.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=214124]

Designed by COX Architecture, it focuses on wellness and connectivity, with extensive amenities such as an indoor pool, gym, sauna, and work-from-home facilities.&nbsp;

BLVD caters to first-home buyers by offering a low deposit requirement and extensive wellness-focused amenities, ensuring comfort and practicality for urban living.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=214126]

One-bedroom units are priced from $611,000.

<h2>What: Melbourne Square</h2>

<h3>Where:&nbsp;93-119 Kavanagh Street, Southbank VIC 3006</h3>

<h3>Who:&nbsp;OSK Property</h3>

OSK Property still has some apartments remaining in an earlier stage of Melbourne Square.

The remaining two and three-bedroom apartments are well-suited for first home buyers looking to secure property in Southbank, where prices start from $769,100 for two-bedroom units.&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=200840]

The completed tower includes a range of amenities such as a 50-metre swimming pool, gym, and communal dining spaces.

&nbsp;

<h2>What: FOCUS</h2>

<h3>Where:&nbsp;81 City Road, Southbank VIC 3006</h3>

<h3>Who:&nbsp;Central Equity</h3>

FOCUS offers completed, ready-to-move-in apartments in a 50-level tower in Southbank.&nbsp;

One-bedroom apartments at FOCUS start from $629,000, offering a great entry to the market for first home buyers.

&nbsp;

[smartcode_project:default project_id=3260 project_image_fid=212294]

The development includes amenities such as a heated pool, gym, cinema room, and resident dining areas.

First-home buyers can benefit from the immediate availability of apartments, combined with competitive pricing that qualifies for the First Home Owner Grant.&nbsp;

The central location also makes it an attractive option for those wanting to be near the city's amenities.

<h2>What: Parkhill Apartments, West Melbourne</h2>

<h3>Where:&nbsp;408 Spencer Street, West Melbourne VIC 3003</h3>

<h3>Who:&nbsp;Central Equity</h3>

Parkhill Apartments offer some of the most price-pointed apartments on the market.

The one-bedroom apartments start from $519,000 in the recently completed building on the fringe of Flagstaff Gardens.&nbsp;

[smartcode_project:default project_id=27406 project_image_fid=288622]

The development features a rooftop gym and garden, secure parking, and durable, premium fixtures.

Parkhill’s reasonable price points, combined with its location near education hubs and public transport, make it a strong choice for first home buyers.&nbsp;

First home buyers in Melbourne are in a unique position now as they're not currently competing with investors for apartments

The advantages of buying off the plan apartments for first home buyers in Melbourne

Local developer Andrews Projects has submitted plans for its largest project to date: a $700 million twin-tower development in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

Andrews Projects purchased the 5,700 sqm site, two blocks from the beach at <a href="/new-apartments/south-beach-surfers-paradise-3006-surfers-paradise-boulevard-surfers-paradise">3006-3016 </a><a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a><a href="/new-apartments/south-beach-surfers-paradise-3006-surfers-paradise-boulevard-surfers-paradise"> Boulevard</a>, earlier this year. It's the well-known Orion Towers site, which had approved plans for two 104 and 73-level towers with 1,100 apartments.

In collaboration with renowned architects Bates Smart, <a href="/developers/andrews">Andrews Projects</a> has completely changed the original design, reducing the density by 65 per cent. The project will now feature two curved 37-level towers with 394 apartments ranging from one to four bedrooms.

<img alt="Andrews" data-entity-type="file" data-entity-uuid="41a57ecd-d39a-42ce-bba6-dbf0f7bc78b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%2011.34.24%E2%80%AFAM.png?VersionId=K1JMGjeplvu5oNHXnnlg9n.0O5xLJSw9" />

The two residential-only towers will rise above a six-level podium that includes a double-height residents’ foyer, a co-working space for residents, a publicly accessible café opening onto a landscaped outdoor seating area, and four levels of above-ground parking enhanced by cascade planting.

With the growing trend towards wellness and urban bathhouses, residents will have access to state-of-the-art facilities on level six. These include two large outdoor pools, a Hammam, a steam room, plunge pools, saunas, a fully equipped gymnasium, and BBQ picnic areas, all integrated and framed by extensive subtropical landscaping.

The apartments, located from level seven through to level 37, feature&nbsp;wrap-around balconies designed to provide indoor-outdoor living.

<img alt="Andrews" data-entity-type="file" data-entity-uuid="4135ad64-8afb-4db0-b0ff-bdf4978447f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%2011.34.28%E2%80%AFAM.png?VersionId=MQOHjPks47rZEs8Le2W2frRWJNi0liox" />

The considered design staggers and rotates the two towers in opposite directions to maximize the number of apartments with beach and river views, with most two and three-bedroom apartments enjoying dual or triple aspects.

Andrews Projects Sales Manager, Sarah Andrews, said the project&nbsp;aims to establish a new residential address that embodies the essence of high-rise coastal living in Queensland’s distinctive subtropical environment.

“We are thrilled to be working with Bates Smart to bring this visionary project to life," Andrews says.

"Over the past few months, we have developed a fresh approach to beachside living, crafting apartments that offer enhanced liveability with abundant natural light, cross-flow ventilation, and dual-aspect living areas."

Andrews says the Gold Coast market&nbsp;is severely undersupplied, and this situation is likely to worsen.

"This project will help meet the demand, and we look forward to working with our construction team and the <a href="/developments/gold-coast-qld">City of Gold Coast</a> to deliver this iconic project.”

Andrews is currently building <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a> at Robina, another two-building development. They recently completed Dune <a href="/developments/main-beach-qld-4217">Main Beach</a>.

First look exclusive: Andrews Projects reveal 400 apartment, two-tower development in Surfers Paradise

The garden-focussed approach by developer Milieu at its recently released Elsternwick Gardens community paid dividends at its weekend unveiling, with a significant number of buyers securing their future home.

The VIP open saw a huge uptake of apartment reservations, to a broad range of buyers. Milieu also had some repeat purchasers attend the opening of the display suite.

“Our VIP launch weekend was super successful and we were pleasantly surprised by the response,” Milieu Managing Director Michael McCormack said.

[smartcode_project:default project_id=136535 project_image_fid=288412]

<a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, located on the former ABC Studios site on Gordon Street, has attracted strong interest due to several unrepeatable components, none more obvious than the location of the prime 11,740 sqm site which neighbours the historic Rippon Lea Estate.

<a href="/developers/milieu-property">Milieu</a> leaned into the fact the site shares the boundary with the heritage-listed gardens that surround the 1880s-built mansion, with a private, secure gate that only future residents of Elsternwick Gardens can access.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/0x9H2B5-J0s?si=iI9mmmraDGsWj-0g" title="YouTube video player" width="560"></iframe>

The Rippon Lea gardens informed the landscaping at Elsternwick Gardens.<a href="/architects/woods-bagot"> Woods Bagot</a>, K.P.D.O., and<a href="/architects/flack-studio"> Flack Studio</a> worked to design the six low-rise buildings to be inkeeping with the wider community Milieu had envisioned, with significant separation between the buildings allowing for extensive landscaping and walkways.

[smartcode_project:default project_id=136535 project_image_fid=288420]

The head gardener of Rippon Lea Estate will also oversee the maintenance of the development's landscaping, ensuring continuity between the estate and the new residential precinct.

Milieu's commitment to sustainable design is also evident in Elsternwick Gardens, with all apartments being fossil fuel-free, powered by renewable energy, and equipped with provisions for EV charging and water harvesting systems.&nbsp;

The development also offers a range of amenities, including health and wellness facilities, pet care services, and a hospitality offering, further enhancing the appeal to prospective buyers.

The strong early sales reflect the demand for thoughtfully designed, sustainable living spaces in prime locations.

[smartcode_project:default project_id=136535 project_image_fid=288414]

McCormack says Elsternwick Gardens is a once-in-a-generation opportunity.

“The layers of thought and design within this project, alongside the historical and cultural importance of the site, renders this our most significant undertaking to date," McCormack says.

“This site represents a once-in-a-lifetime opportunity to build something truly special. Our first step was to engage the local community, to get a sense of what they expected. Through that process, we arrived at a design that centres on a fully realised natural landscape – a series of private, interconnected gardens that encircle the homes and extend seamlessly from Rippon Lea Estate.”

After the sales success, Milieu is now looking toward construction in the first half of 2025, with the former ABC Studios building currently under demolition.

[smartcode_project_cta:default project_id=136535]

Milieu Managing Director, Michael McCormack, called Elsternwick a "once-in-a-generation opportunity."

Milieu's Elsternwick Gardens development gains momentum following successful VIP launch

Boutique developer&nbsp;<a href="/developers/arena-property-group">Arena Property</a> has filed plans for its largest tower to date.

Arena, the developer behind the luxury low-rise apartment development Lana Bilinga, is proposing a 28-level building in <a href="/developments/main-beach-qld-4217">Main Beach</a>.

Plus Architecture has designed the tower, named Belle Vie—French for "beautiful life"—to feature two distinct sections, separated by an amenities level on the 18th floor. This facilities level includes a residents' lounge with a games area, a library, and various lounge spaces.

Adjacent to the lounge, is a wine cellar, a private dining room, and an outdoor sunset dining area. This level also offers a dedicated work-from-home space with a boardroom, as well as a 91 sqm gym that includes a Pilates studio, a sunrise yoga deck, and a functional training room.

<img alt="Belle Vie" data-entity-type="file" data-entity-uuid="6e5a1f78-2366-4fbe-b751-48fe4df41ef2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-29%20at%207.41.17%E2%80%AFPM.png?VersionId=0vnPBIPPs9iRTGmwOc0hdnY9MoIu4MGu" />

The levels beneath 18 incorporate 56 quarter-floor, two-bedroom apartments, each with a study or multi-purpose room, while above level 18 are 14 half-floor, three-bed units.

There are two four-bedroom apartments, the three-level penthouses, each with a dedicated home office and its&nbsp;own 120 sqm plus rooftop with a pool, spa, outdoor kitchen, lawn, and firepit area.

There are more amenities on the top of the podium, in the form of a swimming pool with a spa and a wet deck, hot and cold plunges, and a sauna.

The three-level podium, and basement, will have parking for 100 vehicles.

<img alt="Bella Vie Main Beach" data-entity-type="file" data-entity-uuid="b0cad1a5-cfd9-41a5-9d47-7e6a62e1dd34" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bella%20Vie%20form.png?VersionId=yoEEgWYDWZvTCWWMy3ki.JwKPM5u26AM" />

Plus said Bella Vie is situated in a pristine Main Beach location, on an amalgamted 1,010 sqm site at 47-49 Pacific Street, currently occupied by a three-level walk-up with 12 units.

"The site is flanked by two neighbouring tennis courts, providing a rare offering of expansive ocean, river and skyline views across various aspects of the site."

Plus, led locally by Danny Juric, said the building provides the "ultimate escape in luxury barefoot lifestyle."

"Stepping into the lobby from Pacific Street, passing through an under croft of green, residents par take in the experience a lush garden lobby. A tiered podium which is softly sculpted across three levels acts as a landing for planters, addressing the street interface. The podium continues and enhances the existing landscaped streetscape, to provide a rich and welcoming connection with ground plane."

<img alt="47 – 49 Pacific Street, Main Beach" data-entity-type="file" data-entity-uuid="6dac529f-070f-4a8c-bb39-c3740ba80dd7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/47%20%E2%80%93%2049%20Pacific%20Street%2C%20Main%20Beach.png?VersionId=gEtDD9qmEWayLjTwd0NJkK9z0FTB0HBo" />

Main Beach is undergoing a huge transformation from a lifestyle perspective with the redevelopment of the Marina Mirage shopping precinct, the Manta Ray residential and commercial development and Ritz Carlton hotel among several other key developments that will put&nbsp;<a href="/developments/main-beach-qld-4217">Main Beach</a>&nbsp;on the world map.

Jon Drew's Drew Group is working toward a late 2025 completion of <a href="/new-apartments/lagoon-main-beach-11-23-cronin-avenue-main-beach">Lagoon Main Beach</a>, one of the most popular developments in the suburb in the last few years, while Tye Alroe's Alroe Construction has recently launched <a href="/new-apartments/lune-main-beach-19-21-rankin-parade-main-beach-qld-4217">Lune Main Beach</a>, just six villa-style apartments opposite Broadwater.

Plus said Bella Vie is situated in a pristine Main Beach location, on an amalgamted 1,010 sqm site at 47-49 Pacific Street, currently occupied by a three-level walk-up with 12 units

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