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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

"Buy now at today's prices and take advantage of tomorrow's gain."

That was the overarching view of experienced property investor Dale Boseley when he decided to secure three off the plan apartments in the Gold Coast recently.

"The best way to make money in a booming market is to utilize the time that is coming," Dale says.

Boseley, who hails from Victoria but has lived across the country, first looked at property in the Gold Coast in 2016, assisting his uncle when he was looking for an owner-occupier apartment.

He ended up buying in Rainbow Bay, off the plan. So when Dale decided to invest money into the Gold Coast market, that's where he started. After just a few short weeks of searching, he quickly turned to the off the plan market.

“We asked ourselves a question, ‘Where's the best place to make money in a rising market?’”

"We looked at off the plan, and sure there's always a risk in buying something, however, we found less of a risk after research and due diligence. The Gold Coast market not only attracts local buyers but also sees significant investment from Sydney and Melbourne. The demand-supply imbalance in the region appeared substantial, and we believed it was an opportunity we could capitalize on."

Like any good investor, Dale analysed various locations and the submarkets within those locations.

"We looked at the established market, however, we felt sellers were asking top dollar for really bottom quality product," Dale said.

"We got close to a few purchases, but one didn't go ahead due to concerns with the building and pest inspection, and the other didn't want to sell for the fear of it becoming an Airbnb."

Dale would go on to secure a completed apartment in Jewel Residences in Surfers Paradise, and off the plan in Sherpa's Perspective Nexus in Palm Beach, Harbour Shores in Biggera Waters by Lewis Land, and in Rainbow Bay's Radia by Paul Gedoun's S&amp;S Projects.

"What is important as an investor first and foremost is that the numbers stack up," Dale said.

"It's all about yield, potential growth and how much the forecasted rental covers the mortgage. After that though, it became about investing in a tight-knit community, something which the Gold Coast has in spades."

It was this mantra that saw Dale reach out to Sherpa Property Group to buy an apartment at <a href="/new-apartments/perspective-nexus">Perspective Nexus</a> in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>.

"Sherpa's commitment to the community was someone we wanted to be a part of," Dale said.

"They go further than just creating luxury apartment buildings, they're clearly a part of the local fabric of Palm Beach and the Gold Coast, and that plays an important part in the off the plan buying process."

Sherpa is&nbsp;<a href="/news/qld/sherpa-donate-1-2-million-apartment-proceeds-to-serving-our-people">donating all the proceeds</a> of a $1.2 million apartment in Perspective Nexus to charity Serving Our People. They've also recently revealed their new brand collection, Flourish, which will offer a more diverse range of housing options to cater for more than just the high-end downsizer. They have one, two and three-bedroom apartments in the building of 94 units on Sixth Avenue, with the one-bedrooms starting in the $600,000's.

Dale also secured an apartment in Harbour Shores in Biggera Waters, driven by the reputation of veteran developer Lewis Land.

"Lewis Land is another developer who you can hang your hat on to do the right thing by its buyers," Dale said.

"The masterplan they're putting together is unreplicable in the current land and built environment. When a product is scarce, the price goes up, and that's why we invested in Harbour Shores."

The reputation component was at play again with S&amp;S Projects, as was the scarcity factor of available new apartments in Rainbow Bay.

"We're well and truly invested in the Gold Coast, both financially and physically, and we're excited to see all the new developments come to life."

Dale took part in Urban's Buyer Q&amp;A series, which focuses on the driving factors behind buying off the plan property in Australia.

Why this property investor bought three Gold Coast off the plan apartments in six months: Urban Buyer Q&A

Buyers have flocked to Larool Crescent, the only new development to launch in Castle Hill in 2024.

In the months since launch, the market has responded strongly to the prospect of a low-rise building close to Castle Towers and a short walk to the newly connected Metro.

"<a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a> was designed to cater to every buyer, and that's exactly what we've seen since we've started selling," Boston Buckler Director Alex Walker says.

"First home buyers who have been priced out of most buildings in Castle Hill have secured several of the entry-level one and two-bedroom apartments, and while typically downsizers like to wait until construction is a little further along, we've seen them instead secure the apartments at today's price and give themselves a two-year window to work out what to do with their current home."

[smartcode_project:default project_id=135330 project_image_fid=289120]

Walker says the lack of available stock on the market has been a significant factor.

"While there's been much more development in the last five years than the five years prior, there's still not a wide choice, particularly for first home buyers and downsizers," Walker says.

10 years in the making, Larool Crescent comprises five low-rise buildings designed by&nbsp;PTW to wrap around a central courtyard.

[smartcode_project:default project_id=135330 project_image_fid=289164]

There are one, two, three and four-bedroom apartments on offer, as well as a handful of large townhouses, a rarity in new developments in the area. The interiors of the apartments have been crafted by Coco Republic.

Larool Crescent is strategically situated near&nbsp;<a href="/developments/castle-hill-nsw-2154">Castle Hill</a>'s key amenities and attractions, offering residents convenient access to popular shopping destinations like Parklea Markets and Castle Towers, as well as a variety of acclaimed local restaurants.

Builder SRG has already been appointed to deliver Larool Crescent. Buyers are expected to move in in late 2026.

[smartcode_project_cta:default project_id=135330]

10 years in the making, Larool Crescent comprises five low-rise buildings designed by PTW to wrap around a central courtyard

Sales flow at Larool Crescent as first home buyers and downsizers seek low-rise convenience in Castle Hill

Residential developer Third.i is the latest to provide its buyers with the most comprehensive insurance policy in the off the plan apartment market.

They've taken out Latent Defects Insurance (LDI) from Resilience Insurance, a first-party insurance that safeguards against structural and construction defects for up to 10 years, meaning unforeseen issues can be addressed without major financial burden.

The policy offers both developers financial protection and instills buyers with confidence in their purchase.&nbsp;Dairy Farmers is the first development in Newcastle to have the insurance.

Developers who implement LDI must adhere to high construction standards, comply with regulations, conduct thorough risk assessments and maintain financial stability to mitigate potential financial risks associated with latent defects.

"Introducing Latent Defects Insurance is a testament to our commitment at Third.i to building homes and spaces that offer our buyers lasting peace of mind and ensures they feel confident in their investment,” said Luke Berry, Co-Founder of Third.i.

“We take immense pride in our Dairy Farmers Towers project and the high standards we've upheld every step of the way. Our LDI insurance reflects our dedication to assuring our buyers that we stand behind the quality and durability of our work. As we eagerly anticipate its completion, we're thrilled to see this project come to life, creating homes that families can trust and enjoy for generations to come."

Dairy Farmers Towers is set to complete construction in mid-2026, with multi-award-winning construction company Decode appointed to deliver the project.

“We’re excited to be working with Third.i on this project in the heart of Newcastle’s West End," said said Jack 
Peschardt, Construction Manager&nbsp;at Decode.

"This development represents a significant milestone for the area and reflects our shared commitment to contributing to the growth and vibrancy of the community."

Almost 80 per cent of the 180 one, two and three-bedroom apartments have sold. The project will encompass a range of deluxe on-site amenities, including communal green spaces, a state-of-the-art gym, an elevated north-facing outdoor swimming pool and sundeck, a wine bar and cellar, as well as an exclusive residents’ only shared work hub.

Remaining apartments range from $595,000 to $2,695,000.

In addition, as an ode to Newcastle's history, the project will also re-imagine the heritage-listed, iconic glass milk bottle and clock towers as part of a pedestrianised, broader public art installation.

[smartcode_project_cta:default project_id=109979]

Third.i to protect apartment buyers at Newcastle's Dairy Farmers Towers with leading 10-year Latent Defects Insurance

The transformation of Double Bay's Cross Street into one of the most prestigious stretches of luxury retail and apartments, is set to continue.

The latest shoptop housing plans will see the home of several retailers demolished, including the well-known Florida dry cleaners, womens clothing store Alex &amp; Harry, and cafe Bar Lanziano. They will make way for a four-level building with three street-level retail spaces, a cafe and two fashion outlets, with six luxury apartments above.

The $18 million plans for 8-10 Cross Street, an amalgamated 547 sqm site, have been lodged by&nbsp;Caradonna Capital, directed by the Point Piper-based Tyson Fenay. The company is also associated with Chinese property developer&nbsp;Feng Miao Ting.

<img alt="Double Bay" data-entity-type="file" data-entity-uuid="90409ade-71c8-4b9e-8aca-94c92eaa2dae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-24%20at%2010.42.19%E2%80%AFAM.png?VersionId=e5HTYhHORxhBo0Gjkc25PEotHI8taxAr" />

Different entities but the same directors bought 8 Cross Street, known as Herford House, for $15 million in late 2023. They bought 10 Cross Street, which has approval for a six-level mixed-use building, in 2019 for $10.25 million.

Woods Bagot has designed the development which they said in the Urban Context Report "endeavours to contribute to the existing amenity of each site edge, whilst introducing new public domain, associated retail and new residential apartments."

"<a href="/developments/double-bay-nsw-2028">Double Bay</a> is Woollahra’s unique local business centre, which enjoys a privileged position near the southern edge of Sydney Harbour in Sydney’s Eastern Suburbs. The area is characterised by tree lined streets, significant residences, retail frontages and arcades. Outdoor dining and street activation is particularly strong in close proximity to the site, as is the presence of the Intercontinental Hotel north-west of the site.

"There is an eclectic mix of architectural periods in the area from Victorian terraces, Federation cottages, Art Deco facades and a nearby example of brutalist architecture. In the immediate Cross Street vicinity, a more modern streetscape is appearing, which this development has been designed to sit comfortably within. The proposed design retains a mix of masonry and stone-like facades to all edges and continues the retail frontages and awnings of the street and pedestrian lane."

<img alt="Double Bay" data-entity-type="file" data-entity-uuid="d2892a13-ef4a-4d37-848c-790f498c29ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Double%20Bay.jpg?VersionId=e4GrEMrZJo0itRqdDKpd5q7lEMDSiytu" />

The seven apartments start from 139 sqm and all have three bedrooms.

The first two levels above street level will have two half-floor apartments on each. Above will be three penthouse-style apartments, spanning the whole floor and offering over 300 sqm of internal space and four balconies. The penthouse also has access to a private 86 sqm roof terrace.

Woods Bagot said the design centres around the garden village history of Double Bay and pays homage to its botanical antiquity..

"The proposal focuses on the language of gardens in the area and is centered around the original fig tree; the intention is to retain the tree in good health and let it add a homely touch to the residential entry.

"The development has a minimalist material palette that is in keeping with existing palette along Cross Street but with a variation in colour or texture, such as brick masonry patternation to stone like GRC and a metal feature material for retail accentuations and residential trims.

"The proposal is an appropriate response to the character of the neighborhood both existing and proposed and will serve to provide a new standard of residences in Double Bay."

Cross Street is one of Double Bay's most popular streets, lined with cafes, restaurants and retail outlets. It is currently undergoing a full transformation, led by Top Spring Australia's Ode Double Bay.

<img alt="Double Bay" data-entity-type="file" data-entity-uuid="acbccdb2-f6c6-4690-928c-79071aa336ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-24%20at%2011.19.08%E2%80%AFAM.png?VersionId=UspaBigDt_Zer7LbDxFqBr9lpepeQbaN" />

<a href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028">Ode</a> is home to Double Bay's most expensive apartments. There's been record sales at $24.9 million and $21.49 million. The five penthouses and subpenthouses sold at an average sale price of $20 million.

The six-storey building, designed by celebrated Sydney architect Luigi Rosselli with just 15 apartments, is under construction and is slated for completion in early 2026.

Developer SJD kicked off the Cross Street rejuvenation with Encore 1788, which was followed by 1788 Residences.

34 Cross Street is slated for a new commercial building by fund manager Ben Finger, while 12 Cross Street, next door to the latest application, is owned by luxury residential developer HSN who will no doubt be proposing something equally impressive.

Cross Street is one of Double Bay's most popular streets, lined with cafes, restaurants and retail outlets

First look: Double Bay's Cross Street transformation to continue

Prestige property developer Omira Property Group has appointed&nbsp;Sanctuary28 to build Mana, its architecturally striking Ballina villa development between the water and the town centre.

The <a href="/new-townhouses/mana-ballina-86-90-norton-street-ballina">14 villas</a> have been designed by C2 Architecture, the same architect <a href="/developers/omira-property-group">Omira</a> had deliver their award-winning Byron Bay villa development, Asana Byron.

The three-bedroom villas, each with a study space, have interiors crafted by Mon Palmer of Bare Cabo design studio, who has developed an interior scheme that emanates calm.

[smartcode_project:default project_id=144558 project_image_fid=264604]

Texture is a common theme among the 14 villas and opulent materials have been selected for their quality and durability, with marble and stone featuring throughout the villas, working cohesively with the external stone cladding to create an coastal effect.

Timber-look panels around the exterior soften and modernise the white rendered facades while ensuring the exterior endures the harsh Australian summer. Hit-and-miss brickwork serves to protect the home from the heat while welcoming summer breezes.

[smartcode_project:default project_id=144558 project_image_fid=261474]

Omira Property Group Director Alasdair Baker says <a href="/developments/ballina-nsw-2478">Ballina</a> is a "sleeping giant of opportunity that’s just about to wake up.”

Titans of the hospitality industry have begun to spot the beach town’s potential. The owners of Bang Bang and Hutong Harry’s in Byron Bay have opened Italian eatery Capiche; the team at Fishheads in Byron have popped up at Wharf Bar &amp; Restaurant Ballina; while local favourite Kelp has developed a reputation for top-notch seafood. The Shaw’s Bay Hotel (the Shawsy), offers a relaxed hospitality experience with live music overlooking Shaw’s Bay.

Baker snapped up a site on Norton Street that allows future Mana residents to walk their paddleboard to the creek, stroll to the park, or follow one of the area's cycle tracks from the front door. Mana is also walking distance to the lively town centre which has bars, boutiques, and gourmet retailers as well as shops and schools.

[smartcode_project:default project_id=144558 project_image_fid=293912]

Demolition of the current homes on the site will begin in November, with the build of the villas to start soon after. Completion of Mana is slated for early 2026.

Baker founded Omira Property Group with a clear intention.

"At Omira, we believe where you live should inspire you every day,” Baker says.

“It’s an exhaled breath, a tangible feeling of relaxation. And, so, our purpose is to create homes that allow people to live authentically and love where they live.”

Omira is putting the final touches to its villa development in Cabarita, <a href="/new-townhouses/bogangar-nsw-2488">Kai Residences</a>, and is soon to launch Solis, another boutique villa development, in Pottsville in Northern NSW.

WATCH: <a href="/news/nsw/inside-mana-ballina-urban-speaks-to-the-key-stakeholders-in-ballinas-best-new-development">Urban speaks to the key stakeholders in Ballina's best new development</a>

[smartcode_project_cta:default project_id=144558]

Demolition of the current homes on the site will begin in November, with the build of the villas to start soon after. Completion of Mana is slated for early 2026.

Builder appointed at luxury Ballina villa collection, Mana

OSK Property has revealed the luxury penthouses atop BLVD, the latest stage of its $3 billion Melbourne Square precinct in Southbank.

<a href="/developers/osk-property">OSK Property</a> called on globally renowned designer, David Hicks, to craft the interiors of the eight penthouses that start from $4.46 million. One has already been snapped up for $6 million.

The penthouses range in size between 180 sqm and 471 sqm.

David Hicks designed the high-end residences to act as sanctuaries of opulence, catering to discerning tastes with a bespoke ‘East meets West’ theme, inspired by his international travels, fusing Eastern minimalism with Western opulence and scale.&nbsp;

“To establish a unique direction, we looked towards the East and the West for inspiration, from the most luxurious developments in New York, to refined Parisian apartments, to luxury hotels in Japan and Asia,” Hicks said.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=300209]

Hicks said it was this individualised approach that gave the BLVD penthouses an extra layer of luxury.

“The approach to designing BLVD’s penthouses as individual projects retains the grandeur, privacy, and high-end design details typical of a standalone luxury home. This is a process rarely seen in high-volume apartment towers, and it will make for considered, luxurious and resolved homes. &nbsp;

“As a design practice, we see this as a pioneering stepping stone to what luxury development will be more about in the future, with BLVD leading the way."

The most impressive apartment in the&nbsp;<a href="/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a>&nbsp;penthouse collection is The Garnet, an expansive two-level, duplex-style apartment across levels 74 and 75 of the tower. The Garnet features a&nbsp;striking architectural design, highlighted by a white sculptural staircase floating above a reflection pond that connects the two floors.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=300207]

The staircase, framed by a marble archway, is positioned next to a polished brass wine cellar, leading to the main living area lined with floor-to-ceiling windows. The kitchen features a burgundy marble island with Calacatta Viola detailing and concealed state-of-the-art appliances.

The primary bedroom suite includes fabric-lined walls, custom timber veneer joinery, and a walk-in wardrobe designed to mimic a luxury boutique, with silk carpet, patterned timber veneer, and mirrored panels, completed by a marble-clad ensuite with a statement bathtub overlooking the bay.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=300210]

OSK Property Sales &amp; Marketing Director, Ivy Chen, said one significant driving factor of BLVD’s Penthouse Collection design was approaching each quarter-floor residence as an individual home, ensuring each offers a unique living experience that feels more like a standalone home than a bulk apartment dwelling.&nbsp;

“We challenged Hicks with crafting a unique ‘East meets West’ design for each individual penthouse, and the result is eight one-of-a-kind residences," Chen says.

"Each has its own distinct views, customisable options, and floorplans, meaning buyers will be spoilt for choice when designing the home of their dreams."

Residents of BLVD’s Penthouse Collection will have exclusive access to the premium Skye Club Lounge on level 55. The Skye Club Lounge will feature a cocktail bar, dining room, and private gym.

The building also offers an <a href="/news/vic/blvd-in-southbank-to-pursue-australias-well-certification-with-string-of-apartment-facilities">extensive range of amenities</a>, including private dining rooms, &nbsp;a state-of-the-art gym, a 25m indoor swimming pool, spa, sauna, golf simulator, entertainment and lounge spaces, and a double-storey co-working area.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=216123]

Embodying a commitment to sustainability and well-being, BLVD features carbon-neutral operation-enabled residences, gas-free design, EV charging stations, and a zen garden.&nbsp;

The tower sits within the broader Melbourne Square precinct which has already delivered a lush 3,745sqm Kennedy Park, full-line Woolworths, an early learning centre, a soon-to-expand retail precinct, and is holistically designed to focus on improving the health and wellness of residents.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=211870]

BLVD is currently under construction by <a href="/builders/multiplex">Multiplex</a> with completion expected in Q1 2028.

Project marketers and valuers are expecting penthouses in Mebourne to more than double to around $60,000 per sqm in the next few years. The BLVD penthouse collection starts at just over 24,000 per sqm.

[smartcode_project_cta:default project_id=107714]

East meets west at showstopping David Hicks-Designed penthouses at Melbourne Square 

Luxury penthouse collection by David Hicks revealed at BLVD Southbank

R.Iconic is one of the latest apartment developments to be completed in South Melbourne.

<a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a>, located at 259 Normanby Road in the heart of the suburb, rises 31 levels and was designed by Plus Architecture. It stands out prominently against the backdrop of Melbourne's city skyline

We recently toured the completed penthouses and facilities to see what R.Iconic has to offer.

<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/TbLX2GtRlSY?si=V9Jtl4dDaSXrJnLZ" title="YouTube video player" width="560"></iframe>

The open-plan penthouse collection flows seamlessly from the kitchen—featuring Gaggenau appliances, a butler’s pantry, and a stunning marble island bench—into a spacious living area that opens up to a generously-sized balcony with expansive views.

[smartcode_project:default project_id=5234 project_image_fid=282595]

One of R.Iconic’s highlights is its one-acre rooftop podium, home to a range of exclusive amenities including Melbourne's only rooftop running track, a heated pool, and outdoor gym facilities.

The podium also includes two dining pavilions, BBQ spaces, a zen garden, and a playground. Also within the building is a cinema, karaoke room, and a 24/7 concierge service.

[smartcode_project:default project_id=5234 project_image_fid=233907]

Exclusive to sub-penthouses, penthouses, and townhouses is The Horizon Lounge, offers breathtaking bayside views and a communal kitchen for private gatherings.

Strategically positioned, R.Iconic is just a short walk from <a href="/developments/south-melbourne-vic-3205">South Melbourne</a> Market and the Arts Precinct, with a tram stop right at its doorstep, ensuring easy connectivity.

R.Iconic is complete and ready to move in.

[smartcode_project_cta:default project_id=5234]

Urban's video tour of R.Iconic's luxury penthouse collection in South Melbourne

It was a case of research reward rather than risk reward for Mark Fitzsimmons and his fiance Sophie, who recently secured an off the plan apartment in the new Willoughby development, Willoughby Grounds.

The couple had initially been looking for a house toward the upper end of the Northern Beaches. That search however quickly ended when they discovered<a href="/new-apartments/willoughby-grounds-5-walter-street-willoughby"> Willoughby Grounds</a>.

[smartcode_project:default project_id=135512 project_image_fid=251210]

While Mark and Sophie currently reside in the eastern suburbs and work in the CBD, Mark says the couple grew up in Wollongong and enjoy being close to the water, so they were looking for something near the water but also close enough to their workplace that would provide a short commute.

"For us, <a href="/developments/willoughby-nsw-2068">Willoughby</a> struck the right balance between offering us a short commute to work each day and a gateway to the northern beaches on the weekend. There is a bus stop across the road that allows us to get to the city in 10 minutes and we can be at the beach in 20 minutes on the weekend."

There wasn't any hesitancy from the couple after they went to the onsite display suite.

"Provided you do your research, we believe there's no reason why a buyer shouldn't look at the off the plan market," Mark suggested, adding that the couple had bought off the plan previously in Canberra.

"The local developer has worked on several residential buildings in Mosman and Manly and has a solid reputation. With a reputation, a funder locked in, and the building under construction, we were more than confident to buy off the plan."

The development team behind Willoughby Grounds are<a href="/developers/first-quadrant-properties"> First Quadrant Properties</a>, led by property development veteran Chris Rose, and funding partner Qualitas.

"We were able to meet with the developer and were familiar with their work in the area. This combined with the knowledge that the builder was iCIRT rated provided us with confidence in the build"" Mark added.

[smartcode_project:default project_id=135512 project_image_fid=251213]

Willoughby Grounds, almost presenting as mini-masterplanned community, comprises five lowrise buildings, each paying homage to<a href="/developments/willoughby-nsw-2068"> Willoughby</a>'s industrial history.&nbsp;

The development will have around 160 apartments spread across the five buildings, with just 22 to 35 units in each.&nbsp;

Construction of Willoughby Grounds is being undertaken by the iCIRT rated builder<a href="/builders/dasco-australia"> DASCO</a>.

Mark and Sophie took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind buying off the plan property in Australia.

[smartcode_project_cta:default project_id=135512]

"Provided you do your research, we believe there's no reason why a buyer shouldn't look at the off the plan market," Mark suggested.

"Research removes risk" as buyers descend on Willoughby Grounds: Urban Buyer Q&A

The proposed Sunshine Precinct is set to become the central hub of Melbourne’s booming west, driven by significant infrastructure investments and strategic urban planning.&nbsp;

Positioned as a National Employment and Innovation Cluster (NEIC), a Metropolitan Activity Centre, and a Priority Precinct, Sunshine is on the brink of transformative growth.

The vision for the proposed Sunshine Precinct is ambitious: to become the dynamic centre of Melbourne's west, supporting the next generation of jobs, innovation, and services. The Precinct is expected to accommodate up to 45,000 jobs, 26,000 homes, and a population of up to 70,000 residents.

At the heart of the transformation is the Sunshine Station Superhub, a pivotal element designed to provide seamless transport connections to Melbourne's CBD, the Melbourne Airport, and Victoria’s western regions.&nbsp;

The proposed Superhub will be developed through several key projects, including the Melbourne Airport Rail and the Western Rail Plan, which will upgrade Sunshine Station and enhance connectivity throughout the region. There’s also the proposed Sunshine Energy Park, which will transform 74 hectares into a forward-thinking urban park featuring a new stadium, outdoor sporting facilities, a community club, a sustainability precinct, and a cultural and ecological precinct.

The Melbourne Airport Rail will, for the first time, connect passengers directly from the airport to Sunshine Station and onwards through the Metro Tunnel to Melbourne's CBD.&nbsp;

Sunshine’s population is projected to more than double over the next three decades. To manage this growth, the Victorian Government released a Precinct Opportunity Statement, outlining the vision for the area’s development.&nbsp;

The proposed Sunshine Precinct will focus on three main hubs: Sunshine Station, Sunshine CBD, and The Albion Quarter.

Located adjacent to the future Sunshine Precinct, Development Victoria’s LUMA Sunshine North development is perfectly positioned to take full advantage of the proposed Sunshine Precinct.&nbsp;

[smartcode_project:default project_id=27783 project_image_fid=286483]

LUMA is a masterplanned community of 300 townhouses in the heart of Sunshine North. LUMA’s Urban and Tempo homes offer a range of two, three and four-bedroom floorplans, all within walking distance of the new Willowbark Reserve which features a children’s playground, barbecue facilities, and shaded picnic areas.

The homes at LUMA are designed with a focus on sustainability and are all electric, featuring solar PV with battery storage, double-glazed windows, and a minimum 7-star natHERs energy rating. The development is well-connected, with proximity to train stations, the Western Ring Road, Sunshine Hospital, and various local amenities.

[smartcode_project:default project_id=27783 project_image_fid=255556]

Future plans for the site include a pedestrian and vehicle bridge over Stony Creek via Metherall Street, providing a link between LUMA and the existing community, and new commercial and retail precincts featuring a mix of retail outlets such as supermarkets and specialty stores to support the everyday needs of local residents.

Right now, Development Victoria is making home ownership more accessible with its&nbsp; 2.5% upfront deposit offer. Purchasers pay a 2.5 per cent deposit and a further 2.5 per cent up to six months after contract signing.&nbsp;

[smartcode_project:default project_id=27783 project_image_fid=255559]

Development Victoria has appointed SAW Construction to deliver Stage 2 homes who have over 15 years' experience in townhouses construction across Victoria. SAW Constructions are also building the homes in Stage 1 which have surpassed 60 per cent complete.

[smartcode_project_cta:default project_id=27783]

Sunshine’s population is projected to more than double over the next three decades. To manage this growth, the Victorian Government released a Precinct Opportunity Statement, outlining the vision for the area’s development

Development Victoria’s LUMA masterplan set to benefit from the Sunshine Precinct

Downsizing has become a significant trend in the <a href="/new-apartments/gold-coast-qld">Gold Coast off the plan apartment market</a>.

The demand comes from both locals seeking low-maintenance living near the beach and southern state residents either advancing their retirement plans or buying apartments to move into when they do retire.

<a href="/developers/morris-property-group">Morris Property Group</a> has seen several buyers who are planning for retirement, the latest being Tony and Felicity, a couple from Brisbane who recently secured an apartment at <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a>.

“We were always determined to retire on the Coast somewhere,” Tony said.

After years of research and short-term stays in various coastal suburbs, they decided on Broadbeach as the ideal location for retirement.&nbsp;

"We made the decision to buy off the plan to ensure we were able to purchase the type of modern unit we were looking for at the height and location within the building we wanted," explained Tony.&nbsp;

[smartcode_project:default project_id=112024 project_image_fid=286004]

After deciding to both buy off the plan and live in <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, it was a case of researching what was available, where abouts in Broadbeach they wanted to be located, and most importantly, the developers behind the building.

"We were looking for a developer with integrity, ethics, and good quality control in their building practice."

"Morris Property Group had a proven track record of reliability around project delivery, and that was important to us."

[smartcode_project:default project_id=112024 project_image_fid=241133]

The couple visited the onsite display suite, onsite at 15 Armrick Avenue, and spoke to Morris Sales Executive, Sandra Marshall, who not only talked them through the development but also helped them understand how the off the plan buying process works.

“Sandra was extremely knowledgeable about Gold Coast developments and aligned with our independent research,"&nbsp;Felicity noted.

"She wasn’t just telling us what we wanted to hear but provided honest and professional insight throughout the process.”

Having lived on the northern side of Brisbane, Crest’s location just outside the busy heart of the Gold Coast was a major factor for Tony and Felicity, as was its proximity to the Broadbeach Bowls Club, where they believe they will meet like-minded retirees and become part of a local community.

[smartcode_project:default project_id=112024 project_image_fid=286005]

Crest sits on Armrick Avenue, one of three streets that face the 4.2-hectare Broadbeach Park, a sought-after spot given it means protected south and eastern views toward the beach and the ocean.

On top of the view lines, Broadbeach Park is a drawcard by itself. On top of the Broadbeach Bowls Club, which has stood as the focal point of Broadbeach since the mid-1950s, there's&nbsp;Nikiforides Family Park, Broadbeach Croquet Club, and the Broadbeach Life Saving Club

“The development suited our criteria nicely, being located in an area with a 'community feel' rather than a popular holiday location,” Felicity added.&nbsp;

<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a> has sold more than half of its 184 two and three-bedroom apartments since and is already under construction through Morris Property's in-house construction arm.

Crest Broad is expected to complete in mid-2027.

Tony and Felicity took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind buying off the plan property in Australia.

[smartcode_project_cta:default project_id=112024]

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

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