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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

Sekisui House Australia has commenced construction on the latest stage of Sanctuary, its new $2 billion waterfront community in Wentworth Point.

The mixed-use development will add 2,100 homes to a former industrial area, as well as create a new dynamic waterside precinct.

The latest stage, Willow, will be one of seven buildings in the burgeoning development.

[smartcode_project:default project_id=6969 project_image_fid=228634]

Sanctuary’s masterplan, designed by architecture and design studio TURNER, will span 9.4 hectares across six stages.

The masterplan design also allows for future public transport links within its streetscape, including the $602.4 million megaproject - Parramatta Light Rail, the delivery of which will transform the suburb.

Situated along the waterfront of <a href="/developments/wentworth-point-nsw-2127">Wentworth Point</a>, the latest stage of <a href="/new-apartments/sanctuary-wentworth-point-willow-release-11-wattlebird-road-wentworth-point-nsw-2127">Sanctuary</a>, Willow features 309 apartments, 100 of which have been snapped up.

[smartcode_project:default project_id=6969 project_image_fid=228637]

Willow’s architectural design elevates the natural surroundings, offering most apartments with dual aspects that provide expansive views spanning Newington Nature Reserve to the Parramatta River, extending to the Blue Mountains. &nbsp;

The design of the new stage is influenced by the curves of the Parramatta River, the vibrant colours of the nearby parklands, and the patterns found in native flora. The design philosophy blends nature into the core of the development, fostering a harmonious connection between residents and their surroundings.

Sanctuary will feature an organic-shaped lagoon pool at the centre of the development, forming a 'green heart' with extensive landscaping and gardens.

[smartcode_project:default project_id=6969 project_image_fid=228561]

Sekisui House Australia's Paul Wainwright said people see the appeal of living at one of Sydney’s last and largest absolute north-facing riverfront apartment addresses.

"It’s the final piece of the jigsaw in the reimagining of the Parramatta River at Sydney’s heart," Wainwright says.

"Sanctuary also provides extensive public open space and a range of facilities, which is a major drawcard."

<a href="/developers/sekisui-house-australia">Sekisui House Australia</a>, a&nbsp;4-Gold Star, iCIRT-rated developer, is also working on masterplanned precinct <a href="/new-apartments/the-orchards-veue-parkside-norwest-15-19-spurway-drive-norwest-nsw-2153">The Orchards</a> in <a href="/developments/norwest-nsw-2153">Norwest</a> and Melrose Park in New South Wales, as well as <a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">West Village</a> in Brisbane.

[smartcode_project_cta:default project_id=6969]

Sekisui House Australia's Paul Wainwright said people see the appeal of living at one of Sydney’s last and largest absolute north-facing riverfront apartment addresses

Construction begins on Sekisui's Willow apartments at Wentworth Point masterplan Sanctuary

Muse Potts Point, the rare new apartment development in the <a href="/developments/potts-point-nsw-2011">harbourside suburb</a>, has kicked off its construction.

Developer <a href="/developers/thirdi-group">Third.i</a> and acquisition partner Toohey Miller have officially broken ground on the <a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">WMK Architecture-designed building</a> that comprises just 13 one, two and three-bedroom apartments.

The apartments, with interiors crafted by Mathieson Architects, offer terraces with extensive views of the harbour and city skyline. The views are best captured from the communal resident rooftop which features a swimming pool and seating areas.

[smartcode_project:default project_id=112613 project_image_fid=231686]

Dilcara has been appointed to deliver Muse Potts Point, with construction anticipated to complete by early 2026. Third.i and Dilcare have been working together for 15 years. Their joint project portfolio includes recent developments such as Third.i’s Botany Road project in Waterloo, Soho in Surry Hills, Cavallo in Kensington, and most recently the new Third.i head office in Crows Nest.

Muse is set to play a pivotal role in transforming Brougham Street, adding to a total of 35 new boutique apartments planned across approved and proposed developments.

Recent sales data shows that apartments on Brougham Street, both new and second-hand, currently average around $45,000 per square metre. In comparison, properties on Victoria Street average $70,000 per square metre, while those on Macleay Street/Darlinghurst Road range from $62,000 to $80,000 per square metre.

[smartcode_project:default project_id=112613 project_image_fid=231687]

Luke Berry, Third.i. Co-Founder, said&nbsp;Muse Potts Point is set to redefine urban living with its "exceptional design and breathtaking views."

"We are excited to enhance the area’s iconic landscape and offer a unique lifestyle experience, blending sophistication with the dynamic spirit of Muse’s surroundings," Berry said.

"We are thrilled to embark on this groundbreaking journey and we can't wait to bring this project to fruition."

Based on recent data, Eastern Sydney suburbs, including Potts Point, continue to attract local buyers seeking premium properties in heritage locations with access to a variety of lifestyle amenities. Demand remains steady among prestige downsizers seeking their next home in Sydney’s East, with Potts Point gaining popularity due to its growth potential and local cultural offerings.

[smartcode_project:default project_id=112613 project_image_fid=231690]

Berry emphasised the current opportunity for buyers to invest in Potts Point.

“Now is the time to invest in Potts Point," Berry added.

"With ongoing regeneration and community upgrades, property values are expected to rise. Sales are increasing on popular streets like Victoria and Macleay, while Brougham Street properties are priced at about a third to half the cost per square metre.

"Muse Potts Point offers access to the area's lifestyle at a lower price, with additional rooftop views. High interest in premium properties makes this a unique opportunity to enjoy Potts Point’s exceptional offerings at an attractive value.”

Muse Potts Point is set to complete in March 2026 and welcome residents shortly after.

[smartcode_project_cta:default project_id=112613]

Luke Berry, Third.i. Co-Founder, said Muse Potts Point is set to redefine urban living with its "exceptional design and breathtaking views."

Construction commences at Muse Potts Point new apartments

Construction has officially commenced at No. 21 Broadbeach, the latest luxury apartment development in the <a href="/developments/broadbeach-qld-4218">popular Gold Coast suburb</a>.

The 20-level joint venture of <a href="/developers/qny-group">QNY Group</a> and <a href="/developers/glenvill">Glenvill Developments</a> comprises just 16 four-bedroom apartments that start at $6.2 million. 13 of the apartments are full floor, while there are two 1.5-level apartments and one three-level penthouse which has its own rooftop terrace and private pool.

The corner site at <a href="/new-apartments/21-broadbeach-boulevard-broadbeach">21 Broadbeach Boulevard</a>, on the corner of Armrick Avenue, offers uninterrupted 270 to 360-degree corridor views capturing <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> to <a href="/developments/coolangatta-qld-4225">Coolangatta</a> as well as the hinterland.

The design is a collaboration between&nbsp;CARR and BDA, who have focussed their designs on the coastal location. Along with cascading landscaping, they've utilised natural materials including stone, timber floor, brick detailing, and off-form concrete.

<img alt="No.21 Broadbeach" data-entity-type="file" data-entity-uuid="9134092a-c55c-48a3-ad73-661ed30d3178" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-19%20at%2011.33.29%E2%80%AFAM.png?VersionId=xpxTFH2v2jnDwdC58Sw9dyFdfYRplo.G" />

Glenvill Developments CEO Len Warson says No. 21 Broadbeach will draw on Glenvill’s six decades of experience at the forefront of Australian residential design to be delivered to an unprecedented standard.

“This project is the first of its kind for Glenvill as it represents the first of what I envision to be many successful and enduring projects on the Gold Coast,” Warson says.

“No. 21 Broadbeach stands in a league of its own with an unbeatable beachfront location on what is one of the best residential sites on the Gold Coast offering an open north-easterly aspect, superb, unobstructed view lines, and a prime beach frontage in a quiet locale. There is nothing quite like it.”

&nbsp;

Warson says every aspect has been crafted to be enduring and to stand the test of time, with refined interiors featuring sophisticated high-quality finishes.

“The apartments have an understated elegance achieved by utilising design elements and quality natural materials that are timeless rather than trendy, ensuring the residences are future classics,” Warson added.

“With a focus on lifestyle accompanied by a high level of amenity, residents will have access to a full level of recreation with a glass edge heated pool overlooking the beach, a communal work area and lounge room, pool house with dining room, gymnasium, sauna, spa, children’s play area and two outdoor dining areas.”

Located on level two of the building, the recreation area has a pool with views over the beach.

QNY Group Director Anthony Quinn says the 21 Broadbeach Blvd site has long been one of the best on the Gold Coast, and he is thrilled to see the project come to fruition.

“With its prime position at the end of a no-through road along with a beachfront location with breathtaking view corridors there is no property on the Gold Coast quite like this,” Quinn says.

“I have had ambitions to develop this site for as long as I can remember, so it is incredibly satisfying to officially be commencing construction activity on site in the current economic climate, and to see this development taking shape.

“With construction now commencing this week, and the sales campaign anticipated to be launching in the coming months, the project will soon become a hive of activity, allowing prospective buyers the exciting opportunity to watch their building come to life.

Residents are expected to see the project rising out of the ground Q1 2025, and to be moving in by Q4 2026.

[smartcode_project_cta:default project_id=111843]

Residents are expected to see the project rising out of the ground Q1 2025, and to be moving in by Q4 2026

Construction kicks off at luxury Broadbeach apartment development, No. 21 Broadbeach

A new apartment tower has been pitched for a "key part of the Fortitude Valley which has not to date received as much attention and opportunity as other parts of the <a href="/developments/fortitude-valley-qld-4006">Fortitude Valley</a> area."

The plans now with the <a href="/developments/brisbane-qld">Brisbane</a> City Council are for a 28-level tower on a 2,270 sqm site across&nbsp;286-300 St Pauls Terrace, bordering <a href="/developments/spring-hill-qld-4000">Spring Hill</a>.

Mewing Planning Consultants noted in their Town Planning Assessment that the Fortitude Valley and Spring Hill locality is currently undergoing a substantial transformation and revitalisation as a result of new residential and commercial developments.

"The site is ideally positioned to contribute to the creation of a vibrant, mixed-use precinct in Fortitude Valley that offers a diversity of residential living opportunities and local retail services, and positively contributes to the visual amenity and character of the area."

<img alt="Fortitude" data-entity-type="file" data-entity-uuid="c6570aca-c3e6-4dbd-853f-9280bfe8015a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-18%20at%2012.58.30%E2%80%AFPM.png?VersionId=VJ1tX7_VReHLWBilnrVrQdRO6PN2dggo" />

Designed by&nbsp;McFarland Architects, the tower is set to comprise 164 one, two, three and four-bedroom apartments. The 1,152 sqm of communal space incorporates a gym on the podium level and a rooftop with a swimming pool, spa, rec rec room, barbecue facilities, and various seating areas.

Just 14 one-bed apartments have been pitched. They'll feature alongside 48 two-beds, 62 three-beds, and 40 four-bedroom apartments.

Mewing said the residential breakdown delivers a diversity of housing product to cater for different life stages, needs, and living&nbsp;arrangements.

"It provides housing in a needed location, which is well located to provide housing supply."

All units have been afforded with substantially sized and functional private open space areas that are directly accessible from the main living area of the units and primarily overlook Warry Street, St Pauls Terrace, or Kennigo Street.

<img alt="Fortitude" data-entity-type="file" data-entity-uuid="4d01ff43-cd66-4b06-91bc-93c6dc30ff33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-18%20at%2012.57.42%E2%80%AFPM.png?VersionId=HrpL6rEPl92Q9Ti0Km_Tf8_95fxMQExI" />

The building, 300m from the Fortitude Valley Train Station, will be anchored by three retail tenancies and will provide a total of 157 car parking spaces in the three basement levels. 205 bicycle spaces in a secure storage room will share the podium level with the gym.

The plans were submitted by Luxe Property Investments, an entity directed by Tony Jo.

Mewing added that the proposed scale of the tower is coherent with, and a lesser number of levels than, the existing and emerging building height context of St Pauls Terrace that establishes higher density mixed-use development (up to 30 levels), consistent with the overall outcomes of the Spring Hill Neighbourhood Plan Code, which seeks development to provide a height transition to the Principal Centre Zoned land on the opposite side of St Pauls Terrace.

First look: Rare new apartment tower pitched for Fortitude Valley

After a rigorous three-year planning journey, developer Above Zero and joint venture partner Wilbow Group, have been granted approval by VCAT to press on with their Camberwell townhouse development.

The townhouses, designed by <a href="/architects/cera-stribley-architects">Cera Stribley</a> on Glyndon Road, sit in the coveted Middle <a href="/developments/camberwell-vic-3124">Camberwell</a>, where there are notoriously strict planning controls. Historically, no development approval has been granted for more than five dwellings in the neighbourhood.

&nbsp;

The approved design comprises 13 family homes across a 3,000 sqm site, with generous setbacks that allow for extensive landscaping. The development’s discreet single-leve&nbsp;street presence, coupled with recessed second floors, ensures seamless integration with the existing streetscape.

On offer will be three, four and five-bedroom homes with dual aspects and expansive private ground-floor courtyards. The design draws inspiration from Camberwell’s rich architectural heritage, blending contemporary design with elements of Federation-era charm.

Nearly half the site has been preserved for greenery, creating a harmonious balance between modern living and natural surroundings.

AJ Batra, Managing Director of Above Zero, called the development a "first of its kind" in one of Melbourne's most sought-after and tightly held areas.

"We are excited to bring this vision of 13 family homes to life and deliver an exceptional development.”

Cera Stribley Co-Founder and Managing Principal, Dom Cerantonio, said the development has been carefully designed to complement Camberwell’s architectural character while also pushing the boundaries of contemporary residential design.

The approval comes just three months after the City of Boroondara <a href="/news/vic/camberwell-set-for-cera-stribley-designed-mixed-use-development-after-green-light">greenlit another Cera Stribley-designed project</a> for <a href="/developers/above-zero">Above Zero</a>, a 12-level mixed-use development at <a href="/new-apartments/camberwell-house-699-burke-road-camberwell">697-699 Burke Road</a>, Camberwell Junction.

The approved design comprises 13 family homes across a 3,000 sqm site, with generous setbacks that allow for extensive landscaping

Above Zero get VCAT sign off for Camberwell townhouses by Cera Stribley

The Centennial Collection by Stargate Property has continued to break records for Bondi Junction.

The luxury development is resetting the record books again, with a three-bedroom apartment being picked up for $8.55 million, the highest price achieved for a three-bedroom apartment in the suburb.

Ray White Projects Director, Marcello Bo, said local rightsizers continue to show strong interest in the project with generous layouts and amazing interiors.

“Uninterrupted views of the harbour and city skyline is a big drawcard for buyers, along with the proximity to Woollahra, <a href="/developments/bondi-junction-nsw-2022">Bondi Junction</a> and Centennial Park across the road.”

“The Centennial Collection finishes are extremely luxurious. There’s a winter pool and a year-round rooftop pool, a concierge and wellness hub; it really is a luxury experience.”

Bo said the apartments had been consistently achieving record prices for the area since the project was launched.

[smartcode_project:default project_id=136076 project_image_fid=212615]

On the fringe of Centennial Park,&nbsp;<a href="/new-apartments/the-centennial-collection-east-sydney-2-nelson-street-bondi-junction">The Centennial Collection</a>&nbsp;comprises just 73 one, two and three-bedroom apartments across two 10-level buildings designed by SJB.

The first release of the apartments last year were snapped up in a matter of weeks, part due to the architectural designs by SJB, part due to the rarity of a new project so close to the convenience of Bondi Junction, the beauty of Centennial Park, and the vibrancy of Woollahra's Queen Street.

Communal facilities in the building will include a rooftop pool with outdoor dining and entertaining spaces as well as an indoor ‘winter’ pool. There's also a concierge, cold and dry goods delivery rooms and a wellness hub including a cardio and personal training area. The building will also have EV charging stations and storage for all residences.

[smartcode_project:default project_id=136076 project_image_fid=212622]

<a href="/project-marketer/ray-white-projects">Ray White Projects</a>&nbsp;Managing Partner, Eddie Mansour, said with construction well underway, buyers are becoming increasingly interested in the building.

“Stargate Property Group are one of the leading developers and builders in Sydney’s East and has created a genuine legacy, having built over 20 projects in the local area.

“Locals are transitioning out of big traditional family homes, to a spacious residence that they can lock up and leave.

“Buyers are wanting a lifestyle change and are becoming more fluid in where they want to live. With construction well underway, buyers can plan out their relocation and lifestyle change in advance. It gives them time to prepare their family home for sale and to align it with the completion of The Centennial Collection.”

[smartcode_project_cta:default project_id=136076]

Stargate's internal construction arm has commenced construction on site. They're&nbsp;targeting a late 2025 completion date.

<a href="/developers/stargate-property">Stargate</a>&nbsp;has eyes on its next development, further down Oxford St. In June they submitted plans for their seventh development in Bondi Junction, two towers with 111 apartments.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-stargate-seek-new-oxford-st-bondi-junction-apartment-development">First look exclusive: Stargate seek new Oxford St, Bondi Junction apartment development</a>

[smartcode_project_cta:default project_id=136076]

&nbsp;

Ray White Projects Managing Partner, Eddie Mansour, said with construction well underway, buyers are becoming increasingly interested in the building

Centennial Collection apartments continue to break records

Gold Cost developer, Immerse Projects, has released the final apartments at&nbsp;Ombré Robina.

The 19 premium apartments are a mix of rooftop apartments with&nbsp;skylights and fireplaces and garden-level apartments with large outdoor terraces and access to private dog walk areas.

The Garden Homes have either two or three bedrooms and are priced from $1.35 million, while the Horizon Homes are priced from $850,000. They're a mix of&nbsp;one-bedroom two-living area apartments, two-bedroom apartments with two living areas, and three-bed options.

[smartcode_project:default project_id=143341 project_image_fid=299377]

<a href="/developers/immerse-projects">Immerse Projects</a> Managing Director, John Kearney, said the project’s central urban location required a fresh architectural approach that has surpassed expectations.&nbsp;

“We have designed something truly special at <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">Ombré Robina</a>, celebrating the natural and urban environment, and taking advantage of unique spaces to deliver upgraded living options in the heart of Robina,” Kearney said.&nbsp;

“The limited collection of Garden and Horizon Homes have been designed to take full advantage of their position and feel spacious, with three-metre ceilings, floor-to-ceiling windows, 2.4-metre doors that express the spacious three-metre ceiling heights, and fireplaces in select apartments.&nbsp;

&nbsp;

“The four Garden Homes on the ground floor each have large terraces and outdoor areas with built-in BBQs, perfect for entertaining across these generous floorplans. They also flow seamlessly to the extensive resident amenities including a pool, dog walk area, private lounge and function rooms.&nbsp;

“On the top level, the 13 Horizon Homes feature skylights, a rare find in apartment living, providing abundant natural light, and are positioned to capture stunning panoramic views from Burleigh to Surfers, and to the majestic hinterland and Mt Tambourine.&nbsp;

“The two levels also have special foyer treatments, upgraded finishes, and access to two or three car parks per residence.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251416]

The eight-level development on <a href="/developments/robina-qld-4226">Scottsdale Drive</a>&nbsp;will deliver a mix of 95 one, two and three-bedroom apartments and three ground-level retail and commercial spaces. Over 50 per cent of the apartments are already spoken for.

Seasoned local builder <a href="/builders/greyburn">Greyburn</a>&nbsp;commenced construction in June. They expect completion in late 2025.&nbsp;

Kearney said Greyburn, of which he is also managing director, had a 35-year history of delivering award-winning projects.&nbsp;

“It’s incredibly advantageous to be able to align the development and construction outcomes from the early conception of a project, shaving at least six to 12 months off the typical delivery process,” he said.&nbsp;

“This time saving equates to significantly less risk of cost fluctuations and added peace of mind for purchasers.”&nbsp;

[smartcode_project_cta:default project_id=143341]

Immerse Projects Managing Director, John Kearney, said the project’s central urban location required a fresh architectural approach that has surpassed expectations

Immerse release garden apartments and skyhomes at Ombre Robina

The COVID-induced boom changed the face of the off the plan apartment market in the Gold Coast.

Since the start of 2020 when various lockdowns were in place on both a state and federal level blocking those coming and going form Australia, the Gold Coast market has been one of the strongest property markets in the country.

As the country got back to normal and borders reopened, demand didn't wane. However, one of the biggest changes in the new development market is the type of apartments being developed in the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>.

All but gone are the large skyscrapers, barring a few from Harry Triguboff's <a href="/developers/meriton">Meriton</a>. Now in vogue is half and full-floor apartments, catering to the local downsizer and affluent southern state dweller either looking for a tree change or a future retirement apartment on or near the beach.

The change in dwelling make-up has pushed first home buyers out of the market. The median price of a unit in the Gold Coast has also soared over the past few years. Now over $800,000, the median unit price is only just behind that of Sydney ($859,000).

The increase in prices, dwelling change, and quickfire increase in the interest rates, pushed first home buyers out of the market. Or so it seemed.

Data from MatterFact, the new data product from Apartments.com.au, shows a huge willing from first home buyers in 2024. A third of enquiry&nbsp;on Urban across the <a href="/developments/gold-coast-qld">Gold Coast</a> in 2024 has been from first home buyers. They've even out-enquired investors.

Across 2023 first home buyers made up 30 per cent of enquiry, and 2022 and 2021 it was less than 15 per cent.

While there's been a significant shift in apartment configurations on offer, there are still some opportunities for first home buyers, however&nbsp;they need to act fast in most circumstances.

With the cost of construction, and the low returns for one-bedroom apartments compared to three and four-bedroom apartments, developers just aren't creating a meaningful number of one bedrooms within their developments.

We've had a look at what Gold Coast apartment developments have options for first home buyers.

<h2>What: Flourish Palm Beach</h2>

<h3>Where:&nbsp;6-12 Sixth Avenue, Palm Beach QLD 4221</h3>

<h3>Who:&nbsp;Sherpa Property Group</h3>

Prominent Gold Coast developer, <a href="/developers/sherpa-property-group">Sherpa Property Group</a>, is one of few developers championing affordability with their new collection of apartments.

They've created a new brand, Flourish, which will cater to a wide range of buyers, including first home buyers.

Their first installment of apartments under Flourish is <a href="/new-apartments/flourish-on-sixth-ave-6-12-sixth-avenue-palm-beach">Flourish Palm Beach</a>, 94 apartments across a 13-level building with some of the entry-level unit prices in the $600,000's.

[smartcode_project:default project_id=146527 project_image_fid=296026]

Located at 6-12 Sixth Avenue, Flourish Palm Beach will still have all the bells and whistles of a modern development, with a resident pool, barbecue areas, and garden retreats as part of the building.

With just 10 one-bedroom apartments on offer, first home buyers will have to act fast to secure one.

<h2>What: Ombre Robina</h2>

<h3>Where:&nbsp;46 Scottsdale Drive, Robina QLD 4226</h3>

<h3>Who:&nbsp;Immerse Projects</h3>

<a href="/developers/immerse-projects">Immerse Projects</a> is also catering to a wide demographic at its <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">Ombré Robina</a> development, with a mix of 95 one, two and three-bedroom apartments.

The one-bed units, which have two living areas, are priced from $749,000

[smartcode_project:default project_id=143341 project_image_fid=251418]

Ombre's amenities include a pool, residents' lounge, and landscaped outdoor areas.

Construction at Ombre Robina started in June. Builder <a href="/builders/greyburn">Greyburn</a> is forecasting a late 2025 completion.

Over 50 per cent of the apartments have been snapped up. More than 70 per cent of purchasers so far have been local.

<h2>What: LAANI Mermaid Beach</h2>

<h3>Where:&nbsp;26-28 Alexandra Avenue, Mermaid Beach QLD 4218</h3>

<h3>Who:&nbsp;Dankav Developments</h3>

A handful of the one-bedroom apartments at Dankav's under-construction <a href="/new-apartments/laani-26-28-alexandra-avenue-mermaid-beach">LAANI</a> at <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach</a> are priced at $780,000.

Rarely is there an opportunity to buy a new one-bedroom apartment in Mermaid Beach, with the suburb dominated by luxury beachfront homes and high-end, boutique new developments that are more likely to be priced from upwards of $2 million.

[smartcode_project:default project_id=6997 project_image_fid=185191]

LAANI, on Alexandra Avenue bordering <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, comprises just 46 apartments across an 18-level building designed by BDA.

LAANI features a string of hotel-style amenities including a&nbsp;heated pool, gym, sauna, cinema room, and communal workspaces.&nbsp;

&nbsp;

<h2>What: 180 one &amp; two-bedroom apartments</h2>

<h2>Where:&nbsp;20 Queen Street, Southport</h2>

<h3>Who:&nbsp;MRCB</h3>

While not yet in market, Malaysian developer <a href="/developers/mrcb">MRCB</a> is set to bring an injection of affordable stock to the Gold Coast.

They recently settled on a well-connected site at 20 Queen Street, <a href="/developments/southport-qld-4215">Southport</a>, currently home of the Sundale Motel, and quickly submitted plans for a 20-level building with 180 apartments.

The 92 one-bedroom and 88 two-bedroom apartments will all likely come in under $1 million.

<img alt="MRCB targets untapped affordable Gold Coast apartment sector with new Southport tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-27%20at%208.56.13%E2%80%AFAM.png?VersionId=kn.iESyw36jJvXjT5T7_KCX65c_aiD14" />

The development falls in line&nbsp;with the Queensland Government’s Homes for Queenslanders and the Australian Government’s National Housing Accord, aiming to contribute to addressing the national housing crisis by adding much-needed housing stock in a rapidly growing region.&nbsp;

The building will feature amenities such as a pool, gym, and barbecue areas.

<a href="/developers/mrcb" target="">MRCB</a>&nbsp;International Sales and Marketing Director, Kevin Zhang, said the&nbsp;Southport development is aimed at capitalising on the prime location.

“The north-facing apartments will have unobstructed views of Broadwater, while residents will also enjoy easy access to all the popular dining, entertainment and shopping precincts of the central Gold Coast right at their doorstep, with access to the light rail.”

The increase in prices, dwelling change, and quickfire increase in the interest rates, pushed first home buyers out of the market. Or so it seemed.

How first home buyers can still get into the off the plan apartment market in the Gold Coast

Melbourne-based private developer, Hamton Property Group, has achieved a major milestone at its former University of Melbourne site in Hawthorn, receiving a planning permit to deliver a new&nbsp;nature-based neighbourhood.

The six-building, low-rise precinct, to be known as Scotch Hill Gardens, will comprise 365 residences, a mix of apartments and townhouses, as well as 5,500 sqm of new publicly-accessible green space and a new retail village to <a href="/developments/hawthorn-vic-3122">Hawthorn</a>.

The major residential development <a href="/new-apartments/hawthorn-vic-3122">on Auburn Road</a> is one of the largest to be approved under the Allan government’s accelerated Development Facilitation Program, which seeks to reduce the application timeframe for eligible projects.

After a joint application from <a href="/developers/hamton">Hamton</a> and the University of Melbourne in March 2022, the Planning Minister oversaw the rezoning of the site from public use to enable residential development and approved a detailed development plan to govern planning outcomes for the 1.6ha site.

Hamton settled on the purchase from the University in March 2024.

Following significant pre-application engagement, Hamton <a href="/news/vic/hamtons-500-million-redevelopment-of-former-university-of-melbourne-site-in-hawthorn-approved">lodged its permit application</a> with the Department of Transport and Planning (DTP) on 20 June and the permit was issued on 12 September, an approval timeframe of just 2 months and 23 days.

<img alt="Hamton" data-entity-type="file" data-entity-uuid="790c68ea-c84a-4321-93b6-12dcf996527b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-17%20at%2012.08.00%E2%80%AFPM.png?VersionId=caZm6__2kGgiguoLl_TYPNLY07g1MaGQ" /> 
Hamton’s Founder and Executive Chairman, Paul Hameister OAM. Image supplied

Hamton’s Founder and Executive Chairman, Paul Hameister OAM, said the approval by the Minister is a great example that the Development Facilitation Program works.

"It has enabled this new significant housing supply in a high-demand area of Melbourne where there are no other large development sites. The Program has brought forward this project by around 12 months,"&nbsp;Hameister said.

“The team at DTP has been incredibly responsive throughout the review and approval process and this approval timeframe is a direct reflection of their work ethic.

“High construction costs have eroded development project viability across the country and is currently the primary barrier to delivering new housing supply. Accelerating timeframes for planning approvals is one mechanism to partially address current challenges."

Hamton engaged with the local community extensively as to their plans as&nbsp;part of the rezoning process, with the views of Council and surrounding residents considered as part of the public Standing Advisory Committee process in March 2023.

“Victoria is currently facing a significant undersupply of housing, which is acute across inner-city markets,"&nbsp;Hameister added.

"This project will create a rare opportunity for buyers in a premium suburb that is highly sought-after."

Hamton has commenced construction of a sales display gallery onsite and will commence an expression of interest campaign in late October, with a public launch planned for February next year.

Hamton’s Founder and Executive Chairman, Paul Hameister OAM, said the approval by the Minister is a great example that the Development Facilitation Program works

Hamton given green light for $550 million masterplan on former University of Melbourne site in Hawthorn

The continued bullrun of unit growth in the Gold Coast has pushed the median value over $800,000.

So far in 2024, the unit market, which incorporates both apartments and townhouses, has jumped nearly 10 per cent, data from property analytics data firm CoreLogic shows. The median started 2024 at $724,000.

August showed another strong month for units, according to CoreLogic, recording 0.6 per cent growth.

The housing market tells a similar story, which is why downsizers are driving demand for new apartments and townhouses up and down the Gold Coast.

The median house value in the Gold Coast is $1,218,000, which in capital city terms, would be the second most expensive capital only behind Sydney.

CoreLogic’s Head of Research, Eliza Owen, noted that markets like the Gold Coast, along with Perth, Adelaide, and Brisbane, are outpacing other regions, thanks in part to a surge in demand for more affordable property options. This is reflected in the fact that unit values in most capital cities are now growing faster than house values.

<h2>What happened in Gold Coast’s off the plan apartment market in August</h2>

The Gold Coast's largest development for decades kicked off its construction in August.

Lewis Land, one of the pioneers of Gold Coast development founded by the late Bernard Lewis back in the 1950, broke ground on their landmark Biggera Waters masterplan, Harbour Shores.

<a href="/developers/lewis-land-group">Lewis Land</a>&nbsp;Chief Executive Officer Brett Draffen said the vacant 16-hectare site, which has been held by the group for more than 40 years, would be transformed into a vibrant ‘village of villages’ that will ultimately be home to more than 4,000 people.

[smartcode_project:default project_id=113271 project_image_fid=290031]

&nbsp;

<a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a>&nbsp;has received a 6 Star Green Star Communities rating from the&nbsp;<a href="/news/a-greener-future-green-building-council-australia-discuss-climate-change">Green Building Council</a>&nbsp;of &nbsp;Australia, a world leadership standard, making it the most sustainable development in the history of the Gold Coast.&nbsp;

Greyburn will deliver the first collection of residences. Around 40 per cent of the first stage has been reserved, with Colliers handling the sales.

Designed by&nbsp;<a href="/architects/bda-architecture">BDA architects</a>,&nbsp;Harbour Shores&nbsp;will evolve over the next decade to deliver a mix of boutique apartments and villas, communal open spaces and parklands, a 1.2-kilometre waterfront boardwalk, private marina berths, and a range of resort-style resident amenities.&nbsp;&nbsp;

&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290028]

Another city-shaping development is also set to get underway with the approval of the redevelopment of the Gold Coast Turf Club.

The joint venture with the Gold Coast Turf Club and Tony Fung's Aquis Australia will see a new $370 million delivered. Known so far as the Sunlight Lifestyle Precinct, the new community will home eight new buildings, including three high-rises which will house most of the 582 apartments and 63 short-term accommodation suites.

<img alt="Gold" data-entity-type="file" data-entity-uuid="14bac870-daf3-4e36-93ae-0013ed40065f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-17%20at%209.31.01%E2%80%AFAM.png?VersionId=r3Y3kL4596MNGylyQnSoslv9mXJK5pEJ" />

Tower A and Tower B will also house the rooftop amenities like a swimming pool, outdoor dining area, sauna, spa, and an indoor function room, while Tower C, the tallest at 19 levels, will feature a two-level day club with a central pool, cabanas, day beds, pavilions, restaurant dining, bar space and a VIP lounge.

The remaining residential buildings will be low-rise, located away from the track, featuring ground-floor amenities along a sub-tropical boulevard.&nbsp;

The Sunlight Lifestyle Precinct project will span over seven years and aims to transform the area into a dynamic precinct that complements the Turf Club and nearby Home of the Arts (HOTA).

<img alt="Gold Coast Turf" data-entity-type="file" data-entity-uuid="2cc4457f-3797-49c6-b6f0-cc234e5a21cf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-17%20at%209.31.07%E2%80%AFAM.png?VersionId=YfH4px2IPGAq.ItcOTrt2fKlcSuSLYUp" />

There was plenty activity on the beach in August.

The only apartment project to launch to the market was <a href="/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo</a>&nbsp;in <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, the latest instalment from&nbsp;<a href="/developers/morris-property-group">Morris Property Group</a>.

The 16 half-floor apartments, designed by <a href="/architects/guida-moseley-brown-architects">Guida Moseley Brown Architects</a>, feature three bedrooms and expansive views across the Gold Coast skyline.&nbsp;

[smartcode_project:default project_id=112549 project_image_fid=293545]

Morris, with its own building arm, has been quietly building the boutique development, launching to the market just months before it completes. They're expecting to welcome buyers before the end of 2024.

Malo’s location offers residents easy access to Surf Parade, known for its dining options, as well as Pacific Fair, the largest shopping centre on the Gold Coast.

[smartcode_project:default project_id=112549 project_image_fid=293546]

Several developers bolstered their apartment pipeline last month, with a handful of notable applications submitted to the Gold Coast City Council.

The largest pipeline of apartments by one developer is no doubt Harry Triguboff's <a href="/developers/meriton" target="">Meriton</a>. They have once again filed for a new high-rise in Surfers Paradise.

The new development,&nbsp;<a href="/new-apartments/shore-meriton-126-the-esplanade-surfers-paradise">Meriton&nbsp;Shore</a>, at 126 Esplanade Surfers Paradise, takes its name from the 52-year-old high-rise, The Shore, which currently sits on the vast 3,460 sqm site along with The Dolphins boutique apartment block and several high-street retail spaces.

<a href="/developers/meriton" target="">Meriton</a>&nbsp;Shore will have 519 one, two, three and four-bedroom apartments across a 73-level tower designed by&nbsp;<a href="/architects/cottee-parker-architects" target="">Cottee Parker</a>&nbsp;with landscaping by DBI.

<img alt="First look exclusive: Meriton continue Surfers Paradise domination with another apartment tower proposed" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-08-21%20at%201.59.56%E2%80%AFPM.png?VersionId=2q3qLBmTZYwTfFnALgW5ruqEntr74c_Q" />

The 3,460 sqm site is less than 300&nbsp;metres from the under construction Iconica, 260 metres from Ocean that was completed in 2022, and 700 metres from the recently launched Cypress Palms, set back from the beach on Cypress Avenue.

The four developments total well over 2,000 apartments.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-meriton-continue-surfers-paradise-domination-with-another-apartment-tower-proposed">First look exclusive: Meriton continue Surfers Paradise domination with another apartment tower proposed</a>

Down the coastline,&nbsp;<a href="/developers/mosaic-property-group" target="">Mosaic Property Group</a>&nbsp;finalized&nbsp;plans for their newly acquired beachfront development site in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>.

&nbsp;

The nine-level building, designed by <a href="/architects/bureauproberts">bureau^proberts</a>, will replace a 1980s apartment block and will feature 32 luxury apartments.&nbsp;

<img alt="First look: Mosaic finalizes plans for next Gold Coast apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-08-15%20at%2011.28.54%E2%80%AFAM.png?VersionId=8Jgl0lJVWSQKPXVXowSkj9kLO33paNsM" />

The new development will have a mix of seven two-bedroom and 25 three-bedroom apartments. The apartments will sit above two levels of basement parking for 67 cars. It will form part of Mosaic's Masterpiece Series of luxury new apartment developments.

Read more:&nbsp;<a href="/news/qld/first-look-mosaic-finalizes-plans-for-next-gold-coast-apartment-development">First look: Mosaic finalizes plans for next Gold Coast apartment development</a>

Another interesting development application in August came from Malaysian developer&nbsp;<a href="/developers/mrcb" target="">MRCB</a>, who is currently delivering Vista at Surfers Paradise.

They filed for a 20-level tower at 20 Queen Street, <a href="/developments/southport-qld-4215">Southport</a>, offering 180 one and two-bedroom apartments, configurations left behind in current market conditions.

<img alt="MRCB targets untapped affordable Gold Coast apartment sector with new Southport tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Southport%20Plus%20Architecture.png?VersionId=clOZ.5Uh7Z2t.GooSyklGLtDcSdZGjnQ" />

&nbsp;

<a href="/developers/mrcb" target="">MRCB</a>&nbsp;International Sales and Marketing Director, Kevin Zhang, said the&nbsp;Southport development is aimed at capitalising on the prime location.

“The north-facing apartments will have unobstructed views of Broadwater, while residents will also enjoy easy access to all the popular dining, entertainment and shopping precincts of the central Gold Coast right at their doorstep, with access to the light rail.”

Read more:&nbsp;<a href="/news/qld/mrcb-targets-untapped-affordable-gold-coast-apartment-sector-with-new-southport-tower">MRCB targets untapped affordable Gold Coast apartment sector with new Southport tower</a>

CoreLogic’s Head of Research, Eliza Owen, noted that markets like the Gold Coast, along with Perth, Adelaide, and Brisbane, are outpacing other regions, thanks in part to a surge in demand for more affordable property options

Latest Property News

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

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

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

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News