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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

National property and construction group <a href="/developers/traders-in-purple">Traders In Purple</a> is set to make its inner-city Brisbane development debut.

Traders In Purple, who has predominantly focussed its efforts in the Moreton Bay region, has spent $63.5 million on a 1.25-hectare riverfront site in West End, a site that had belonged to Crown Group until its recent&nbsp;provisional liquidation.

The acquisition adds to Traders’ burgeoning $4 billion portfolio of projects under construction or in planning across NSW, Queensland and Tasmania.&nbsp;

The <a href="/new-apartments/117-victoria-street-west-end">117 Victoria Street, West End</a> site&nbsp;fronts the riverfront bike path and proposed second West End Ferry Terminal.

<a href="/developers/traders-in-purple">Traders In Purple</a> Director George Geagea said the size and location of the <a href="/developments/west-end-qld-4101">West End</a> site presented a rare opportunity to create a remarkable lifestyle-focused destination just 4km from the Brisbane CBD.&nbsp;

“This is a spectacular site, one of the largest on the Brisbane riverfront to come to market in recent years,” Geagea said.&nbsp;

“We have long wanted to make our mark in Brisbane’s inner-city but we were prepared to wait until the right &nbsp;site came along.

“Expansion into the inner-city of Brisbane is a natural growth for Traders In Purple. We have had incredible success on the Moreton Bay Peninsula where we have delivered 12 luxury waterfront projects over the past 15 years.”&nbsp;

Geagea said Traders’ integrated construction capability had enabled it to maintain its 100 per cent track record of completions through challenging times and approach new projects with confidence in its ability to deliver.&nbsp;

“Having in-house construction gives us certainty of outcome with greater control over programming, quality and costs,” Geagea added.

“New apartment starts are well below what is required to meet the demands of &nbsp;Brisbane’s growing population and we are pleased to be in a position to meet that need.

“We have proven our credentials, not just amongst our customers but also government, community and stakeholders. They have seen how we operate, the exacting due diligence we apply and the passion we bring to every project. We take the time to get to know and understand each community in which we operate and ultimately enhance."

The site, which currently has DA approval for four towers from when Crown Group had been planning West End by Crown Group, will be revised by Traders In Purple and the number of apartments significantly reduced. Crown had been planning over 440 apartments.

Traders In Purple Co-Director Charles Daoud says the new design and reduction in apartment numbers is to better suit the West End community.&nbsp;

“Our new design will match the resilient owner-occupier downsizer market and executive buyers and families seeking high-quality details and amenities in larger, well-located apartments and homes,” said Daoud.&nbsp;

“It’s a demographic that Traders In Purple knows well, through years of successful development on the &nbsp;Moreton Bay Peninsula with many purchasers having come from Brisbane, Sydney and Melbourne.&nbsp;

“The next few months will be spent engaging with architects, landscape designers and urban planners to determine the best design outcome for this unrepeatable location.&nbsp;

“It’s important that we offer a diverse apartment mix and also meet the demands of those who will be drawn &nbsp;to this incredible location so close to the city, the river and the lively West End lifestyle.&nbsp;

“We will engage with the local community to ensure they are well aware of our plans and how we seek to complement and add value to the West End community.”&nbsp;

Traders In Purple’s current Queensland projects include <a href="/new-apartments/marin-scarborough-77-85-landsborough-avenue-scarborough">Marin</a>, a $94 million luxury development under construction on the <a href="/developments/scarborough-qld-4020">Scarborough</a> waterfront; <a href="/new-apartments/orilla-woody-point">Orilla</a>, a $71 million boutique ultra-luxury development on the water’s edge at <a href="/developments/woody-point-qld-4019">Woody Point</a>, also under construction; and recently launched <a href="/new-apartments/tydal-woody-point">Tydal</a>, with 175 apartments and an end value of $211 million on the former Filmer’s Palace Hotel site at Woody Point.

The site, which currently has DA approval for four towers will be revised by Traders In Purple and the number of apartments significantly reduced

$63.5 million buyer of Crown Group's West End riverfront site revealed

Harvey Norman billionaire Gerry Harvey has recognised the importance of giving new apartment buyers in his Dubbo apartment development as much confidence to invest in a type of property the local area won't be overly familiar with.

Harvey is working on Dubbo's first high-rise, off the plan apartment development in partnership with the local Walkom brothers.

The joint venture partners have taken out Resilience Latent Defects Insurance (LDI), the new policy that protects off the plan apartment buyers from any structural defects of the building for 10 years post-completion.

Some of Sydney’s biggest and most respected developers have embraced the new insurance. The likes of&nbsp;<a href="/developers/deicorp" target="">Deicorp</a>,&nbsp;<a href="/developers/kanebridge">Kanebridge</a>, <a href="/developers/princeton">Princeton</a>,&nbsp;<a href="/developers/abadeen-group">Abadeen</a>,&nbsp;<a href="/news/coronation-property-launches-its-first-release-in-merrylands-development-mason-main" target="">Coronation Property</a>&nbsp;and&nbsp;<a href="/developers/urban-property-group" target="">Urban Property Group</a>&nbsp;have rolled out the insurance across some, if not all of the projects they’re currently undertaking.&nbsp;

Read more: <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=database_email_mu_20240819_city_nsw&amp;csl=32fbd0cb70aa80ff738af0b1706c4fde0636d15a&amp;iterableEndUserId=32fbd0cb70aa80ff738af0b1706c4fde0636d15a&amp;iterableEmailCampaignId=10796201">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

The new $35 million development, currently under construction and slated for completion in late 2025, will be the tallest building in Dubbo by some way at 15 levels.

<img alt="1 Church Street Dubbo LDI podium" data-entity-type="file" data-entity-uuid="820941d6-8931-464d-bcef-56497ff0e822" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1%20Church%20Street%20podium.png?VersionId=wDJnm6gW8JsipKaR4tBfqrWdhPjJbh1p" />

The project, which comprises 80 apartments, the majority of which are two-bedrooms, is already 70 per cent sold. The remaining apartments are scheduled for release next year.

The apartments, which feature views of the Macquarie River and the surrounding bushland from the upper-level balconies, will sit above commercial and retail spaces and parking for over 100 cars.

<img alt="1 Church Street Dubbo LDI apartments" data-entity-type="file" data-entity-uuid="0e2e620d-b29e-4b1d-97d0-6d4a3291919a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1%20Church%20Street%20apartments.png?VersionId=f0srGMsqhmlVZ2rFNpk73ZsNNqb4wQyT" />

<h2>What is Resilience LDI?</h2>

Resilience LDI is the first Latent Defects Insurance policy in Australia. The insurance provides off-the-plan apartment buyers with a 10-year warranty on their new apartment and the building it's situated in.

The cover is purchased by the property developer/builder (pre-construction) and is designed to protect owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

For more information about Resilience LDI, <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">click here</a>.

The new $35 million development, currently under construction and slated for completion in late 2025, will be the tallest building in Dubbo by some way at 15 levels

Billionaire Gerry Harvey takes out Resilience Insurance Latent Defects Insurance on new Dubbo apartment development

In Melbourne's leafy Glen Iris, brand-new apartments are in short supply.

With GALERIE Glen Iris nearing completion and nearly sold out, options in the sought-after High Street area are becoming scarce.

Enter local developer <a href="/developers/avier">Avier</a>,&nbsp;who has been quietly working on a new boutique apartment project called <a href="/new-apartments/avery-glen-iris-1542-1544-high-street-glen-iris-vic-3146">Avery</a>, arriving just in time to meet the demand.

[smartcode_project:default project_id=22546 project_image_fid=288314]

Avery, at 1542-1544 High Street, comprises just 24 apartments across a boutique low-rise building designed by <a href="/architects/alta-architecture">Alta Architecture</a>. Alta&nbsp;embraced&nbsp;the principles of wabi-sabi, a Japanese design philosophy that emphasises natural simplicity and strength.&nbsp;

Alta Architecture's&nbsp;Alvin Xu said the aim was to create tranquillity within the busy city environment, integrating natural elements and gardens into indoor living spaces to foster a sense of calm.

“I’d been exploring this idea of wabi-sabi for years," Xu said.

"With Avery, I was inspired to create tranquillity within an increasingly busy city and install calm into every aspect of the design. I wanted to sustainably connect nature and the garden to the indoor living spaces.

"Ultimately, I tried to make a place I would want to spend time in, that feels like home as soon as you step inside."

[smartcode_project:default project_id=22546 project_image_fid=288306]

The apartments are designed to maximize natural light with floor-to-ceiling windows, and winter gardens that serve as versatile balconies for year-round enjoyment. A central fireplace adds warmth to the living area.

The kitchens feature sleek, stone-like surfaces paired with dark gunmetal fixtures. A central island bench with dedicated seating is perfect for both entertaining and dining.

[smartcode_project:default project_id=22546 project_image_fid=288312]

Residents will also have access to a private zen garden, complete with sand and a stone sculpture, providing a tranquil space for reflection.

Located in <a href="/developments/glen-iris-vic-3146">Glen Iris</a> with views over Stonnington, the apartments are conveniently close to the Burke Rd/High St tram stop, the Harold Holt Swim Centre, and several highly regarded public and private schools.

Avey Glen Iris has just kicked off construction.

[smartcode_project_cta:default project_id=22546]

Alta Architecture's Alvin Xu said the aim was to create tranquillity within the busy city environment, integrating natural elements and gardens into indoor living spaces to foster a sense of calm

Inside Avery: New Glen Iris apartments tailor-made for downsizers 

As Fortis prepares to take the wraps of its new Rose Bay apartment project Atlas, the luxury apartment developer is plotting another in the same suburb.

Earlier this year <a href="/developers/fortis">Fortis</a>, the development arm of financier and investment manager Pallas Group, snapped up a prime <a href="/new-apartments/10-12-ian-street-rose-bay">double site on Ian Street</a>, just two rows back from <a href="/developments/rose-bay-nsw-2029">Rose Bay</a> Beach.

They're planning a $16.5 million development, continuing their push into supplying new apartments to downsizers in Sydney's Eastern Suburbs. There is just one two-bedroom apartment planned and 11 three-bedroom apartments across the low-rise, five-level building designed by <a href="/architects/mhn-design-union">MHN Design Union</a>.

<img alt="Rose Bay" data-entity-type="file" data-entity-uuid="150ea1c8-2dee-4ef6-a19b-ae6144d2bff1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-19%20at%2010.07.53%E2%80%AFAM.png?VersionId=CmFYfY66JlU5Si1O7sL2At2deQgcLIFW" />

Dickson Rothschild prepared an Urban Design Study for the sloping 2,038 sqm site that is a short walk from the beach, the Rose Bay Ferry Wharf, and Rose Bay village.

&nbsp;

They said the&nbsp;predominant pattern of development in this residential area book ended by New South Head Road and Old South Head Road is a transition from lower density single dwellings to medium density residential flat buildings.

"The report demonstrates that given the site’s accessible location and both the existing and emerging pattern of development in the area, that a residential flat building is appropriate for the site.

"The design of the building has responded to the site orientation, context and topography to provide generally north-west facing units, which maximise amenity to balconies and living/dining spaces, as well as views. The proposed development is considered consistent with the desired future character of the area and is supported from an urban design perspective."

The three-bedroom apartments start from 130 sqm of internal space and range in size up to 202 sqm, not including the balcony that opens off the open plan kitchen, living and dining area. The roofop penthouse features a significant rooftop terrace with outdoor kitchen.

&nbsp;

<img alt="Fortis" data-entity-type="file" data-entity-uuid="9606342a-333b-4847-9065-62e5c28396c5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-19%20at%2010.15.17%E2%80%AFAM.png?VersionId=C9irvPb7ECUhLZ.Kr689hLFmVKsSK6oi" />

The proposed development is just 600 metres from <a href="/buildings/atlas-rose-bay-5-spencer-street-rose-bay">Atlas</a>, Fortis' other Rose Bay apartment development which will be welcoming buyers in the coming month. That has two, three and four-bedroom apartments, also desigend by MHN Design Union.

&nbsp;

Fortis has had a busy 12 months or so across <a href="/developments/sydney-nsw">Sydney</a>, <a href="/developments/melbourne-vic">Melbourne</a> and <a href="/developments/brisbane-qld">Brisbane</a>.

They recently launched <a href="/new-apartments/regency-house-elizabeth-bay-21c-billyard-avenue-elizabeth-bay">Regency House</a> in <a href="/developments/elizabeth-bay-nsw-2011">Elizabeth Bay</a>, adding to their portfolio that includes developments in <a href="/new-apartments/piper-2a-wunulla-road-point-piper">Point Piper</a>, <a href="/new-apartments/woollahra-nsw-2025">Woollahra</a> and Bronte.

In Melbourne they have Wiltshire House in <a href="/developments/richmond-vic-3121">Richmond</a>, and have recently secured another site at 550 Swan Street. In Brisbane they have <a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">River House by Fortis</a> on Kangaroo Point's dress circle O'Connell Street.

Fortis has had a busy 12 months or so across Sydney, Melbourne and Brisbane

First look exclusive: Fortis plan new Rose Bay apartments

Historically, Melrose Park was an industrial and pharmaceutical manufacturing hub.

Today, the 55-hectare area is undergoing a major urban renewal. The vision for the new Melrose Park is taking shape, with recent plans outlining what the suburb will look like a decade from now.

Redevelopment planning for Melrose Park began in 2016, and the area was rezoned in 2022 following the council’s endorsement of the <a href="/new-townhouses/parramatta-nsw">Parramatta</a> Employment Lands Strategy.

Deicorp, in partnership with PAYCE, has recently launched the first tranche of apartments within their extensive landholding.

<a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>, designed by <a href="/architects/turner-studio">Turner Studio</a>, will consist of six buildings atop a five-level podium. This development will include a 30,000 sqm shopping centre anchored by a Coles supermarket, along with several specialty stores, health and wellness facilities, and various retail and hospitality venues.

[smartcode_project:default project_id=134220 project_image_fid=289879]

Sekisui House Australia has $5 billion committed to redeveloping Melrose Park.

This year, they submitted plans for stages five and six of their master plan, which will ultimately add 5,500 homes to Melrose Park.

In addition, they are developing Melrose Park Village, featuring business workspaces, wellness facilities, and a large internal private park.

Last month, Holdmark unveiled its plans for what is being called Melrose Park South. They have filed a State Significant Development Application for 82 Hughes Avenue, Ermington, which will introduce over 1,300 apartments on a 5.2-hectare site.

This proposal is part of a broader renewal strategy for the <a href="/developments/melrose-park-nsw-2114">Melrose Park</a> area, which has been designated as a key growth precinct within the Parramatta local government area.

<img alt="Melrose Park" data-entity-type="file" data-entity-uuid="6baab0a2-18bc-4d50-8cdf-568be200067c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-15%20at%208.20.01%E2%80%AFPM.png?VersionId=QQRw6v5WdIxq4EPKIJa8SfByq2veGDtY" />

At least 15 percent of the 1,377 proposed apartments will be allocated for affordable housing, which amounts to just over 200 units. Of the 1,377 apartments, 70 percent will have two bedrooms, 20 percent will be one-bedroom units, and 10 percent will have three bedrooms.

Holdmark has commissioned COX Architecture to design the project, which will also include a new waterfront park.

In their Urban Design Report, COX Architecture highlighted that transforming Sydney’s industrial precincts into new residential, retail, and commercial spaces reflects changes in Australia’s economy. This shift underscores the need for high-amenity residential developments to address Sydney’s housing demand.

"Land use needs in Sydney have evolved significantly, with many existing industrial areas no longer suitable or viable for industrial operations," COX Architecture noted.

"Melrose Park is one such area that has seen a decline in recent years due to the restructuring of the pharmaceutical manufacturing industry, which is increasingly relocating offshore or to larger industrial parks.

"As the industrial and pharmaceutical base shifts to alternative urban uses, Melrose Park’s location on the Parramatta River, halfway between the CBD and Parramatta, combined with the availability of large contiguous sites, makes it an ideal candidate for urban renewal."

<img alt="Cox" data-entity-type="file" data-entity-uuid="e62be40c-06ab-4e82-aaa2-899c04081551" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-15%20at%208.11.52%E2%80%AFPM.png?VersionId=dqlcGbA38_VxX4XXLA0981cEd2AJKwne" />

COX Architecture stated that the introduction of a new light rail corridor, featuring three light rail stops providing direct service to Melrose Park, will significantly enhance movement and accessibility to and from the precinct.

The proposal will undergo review by a State Design Review Panel, as mandated by the Department of Planning, Housing, and Infrastructure.

There will be two separate State Significant Development Applications (SSDAs) submitted: one for Melrose Park West and another for Melrose Park East.

"Land use needs in Sydney have changed significantly over the years with many existing industrial areas no longer considered suitable or viable for continued industrial operations," COX Architecture said.

Melrose Park vision starts to take shape

Erskineville's Ashmore precinct is set for more apartments with five more buildings pitched for the area between Sydney Park and Erskineville Station.

The little known Brightwell Real Estate has submitted plans to the City of Sydney Council for a $124 development across&nbsp;7-19 Coulson Street, 5 Goddard Street, and 23 Eve Street. Together they add up to 7,747 sqm, in the south east corner of the Ashmore precinct that has seen development from Greenland and Coronation Property in recent years.

The precinct has been under development for the past decade and has become a well-established residential neighbourhood known for its vibrant community atmosphere, supported by various cafes, boutique shops, schools, and local markets.

As part of the ongoing development within the Ashmore precinct, Brightwell Real Estate’s project aims to contribute to the established high-quality residential neighbourhood, further enhancing the public domain and landscape character of the area.<img alt="Ashmore" data-entity-type="file" data-entity-uuid="7d03cbe3-bde7-4444-a5f8-a185cac6d4bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-15%20at%207.23.13%E2%80%AFPM.png?VersionId=XcqkOa5g_7DiRoYMPjUBg.IWgrWdXAgN" />

The proposed development will comprise 135 apartments, a mix of 35 one-bedroom, 81 two-bedroom, and 20 three-bedroom apartments.

In addition to the residential component, the proposal includes the adaptive reuse of an existing heritage item for commercial purposes, as well as indicative roads and public open space to serve the new community.

A competitive design process is yet to be held, however submissions so far have come from SJB and&nbsp;<a href="/architects/dko-architecture">DKO Architecture</a>.

The project will&nbsp;align with current environmental standards, targeting an ecologically sustainable footprint.&nbsp;It will meet the newly legislated BASIX benchmarks, incorporate a fossil-fuel-free design, and implement various sustainability initiatives, including biophilic design and Heat Island Mitigation measures.

&nbsp;

The proposed development will comprise 135 apartments, a mix of 35 one-bedroom, 81 two-bedroom, and 20 three-bedroom apartments

First look: New apartment plans filed for Erskineville's Ashmore precinct

Malaysian conglomerate MRCB has secured a second development site on the Gold Coast, with the company laying the foundations to deliver a new project following on from its $500 million 26 Vista project in Surfers Paradise.

<a href="/developers/mrcb">MRCB</a> International, a wholly owned subsidiary of publicly listed urban property and infrastructure developer Malaysian Resources Corporation Berhad (MRCB), has secured a 1,743 sqm site at 20 Queen Street in Southport and has already engaged <a href="/architects/plus-architecture">Plus Architecture</a> to create a design that will take advantage of expansive Broadwater views and deliver a collection of apartments largely comprising one and two-bedroom.

Residents will also have access to a range of resort-style amenities including a recreation deck, pool, barbecue areas, sauna and gymnasium.

MRCB International Sales and Marketing Director, Kevin Zhang, said the&nbsp;Southport development is aimed at capitalising on the prime location.

&nbsp;

&nbsp;

“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.”

MRCB International is working on its debut Gold Coast apartment development,&nbsp;<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>, a 51-level tower comprising six three-level townhouses and 275 apartments in the heart of <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

Remaining unsold apartments at 26 Vista currently start around $1.5 million, but most of the stock at <a href="/developments/southport-qld-4215?referrer=undefined">Southport</a> is expected to be well under this price point, catering to a wider audience of buyers looking for a central Gold Coast lifestyle.

MRCB International Sales and Marketing Director, Kevin Zhang, said the Southport development is aimed at capitalising on the prime location

MRCB readies second Gold Coast apartment development after Southport site acquisition

Leading Sydney construction and development company <a href="/developers/deicorp">Deicorp</a>&nbsp;has spent the last six weeks filing development applications across Sydney, totalling well over 1,500 apartments.

In July they submitted plans in Zetland and Five Dock for two precinct-style developments. Their latest proposal is in&nbsp;<a href="/developments/macquarie-park-nsw-2113">Macquarie Park</a>&nbsp;where they're planning a 17-level tower which will support&nbsp;the NSW Government’s vision to deliver more housing close to the Northwest Metro line. &nbsp;

Designed by the award-winning architectural practice <a href="/architects/dko-architecture">DKO</a>, the 180-apartment tower will include affordable housing and be located 300 metres from the Macquarie Park Metro rail station and Macquarie Park Shopping Centre. &nbsp;

Deicorp’s Chairman Fouad Deiri said delivering homes connected to key transport infrastructure like the Northwest Metro ensures convenience and value for our purchasers. &nbsp;

“Being able to provide housing that is affordable for essential workers in such a great location makes this project even more important.&nbsp;

“Building beautifully designed new apartments convenient to great amenities is how we are &nbsp;helping to respond to the urgent need for new homes.”&nbsp;

<img alt="Deicorp's Macquarie Park development" data-entity-type="file" data-entity-uuid="fb43cc2a-4334-48e6-8334-99ca24ab4235" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/11zon_161%20Herring%20Road_View%20002_Draft%20FN_240716_02Dark%20Bronze-min.jpg?VersionId=g84LiilBrXXpb4FsFcrHpGSImEEyU94u" />

The application for the proposed redevelopment of 161 Herring Road and 13-15 Lachlan Avenue Macquarie Park, which will include a mix of one, two and three-bedroom units, has been lodged with the NSW Department of Planning as a State Significant Development. &nbsp;

The proposed development will include 27 affordable housing units that will be managed by a registered community housing provider. &nbsp;

The proposed building will include a rooftop garden and lookout space, upgrades to the surrounding streetscape and outdoor communal spaces. In addition to environmentally significant trees being retained on the site as part of the proposed development, a further 58 trees were planted on the site to provide more tree canopy coverage. &nbsp;

The planned development, which will include recycled water, onsite solar energy generation and energy efficient design, will aim for an industry-leading 7-star average rating under the &nbsp;Nationwide House Energy Rating Scheme (NatHERS).&nbsp;

Deicorp submitted plans for two mixed-use precincts in July. The first application was in Zetland where they're proposing a nine-building precinct on a&nbsp;<a href="/new-apartments/130-joynton-avenue-zetland">2.86-hectare Joynton Avenue site</a>, the former AusGrid facility they secured two years ago.

There will be a total of 574 apartments at a cost of just over $300 million.

Akin to its other&nbsp;<a href="/new-apartments/zetland-nsw-2017">Zetland apartment</a>&nbsp;development Downtown, the new development, dubbed Joynton Square in the planning documents, will have extensive retail at street level.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-deicorp-submit-plans-for-joynton-square-mixed-use-zetland-precinct">First look exclusive: Deicorp submit plans for Joynton Square, mixed-use Zetland precinct</a>

<img alt="Zetland" data-entity-type="file" data-entity-uuid="d42393e9-ec90-4635-9d86-d33b330b052f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-15%20at%2012.59.38%E2%80%AFPM.png?VersionId=cDr055cXDroYua2.98OoHJUuA0SIHbOy" />

Their largest development, another classed as a State Significant Development, is in <a href="/developments/five-dock-nsw-2046">Five Dock</a>&nbsp;where they've submitted the first stage of a six-tower development with 1,185 apartments, of which 15 per cent will be affordable.

The apartments will sit above a six to eight-level podium that will comprise commercial and retail spaces, including a full-line supermarket and an indoor recreation facility.

Read more:&nbsp;<a href="/news/nsw/deicorp-lodge-state-significant-development-application-for-1-200-apartments-in-five-dock">Deicorp lodge State Significant Development application for 1,200 apartments in Five Dock</a>

Deicorp will complete over 2,000 new apartments by the end of 2024.

Three new apartment developments in six weeks: Deicorp continue push to provide housing for Sydney with new Macquarie Park plans

The Castle Hill off the plan apartment market has been running hot for several years, since the announcement of the Sydney Metro expansion and the $3 billion redevelopment of the Hills Showground Station Precinct.

However new apartment opportunities in the colloquial centre of the Hills District have been few and far between in the last 12 to 18 months.

Developer <a href="/developers/cpdm">CPDM</a>&nbsp;is the newest entrant into the Castle Hill market, revealing its newest development, Larool Crescent.

Marketed by Boston Buckler, <a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a>, named after its location near the rejuvenated Castle Towers shopping centre, presents a more boutique option for apartment seekers. There are 110 apartments and townhouses spread across four five-level buildings on its srpawling 8,000 sqm block.

[smartcode_project:default project_id=135330 project_image_fid=289164]

The buildings have been designed by PTW to wrap around a central courtyard with extensive landscaping.

There will be 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.

Boston Buckler Principal, Alex Walker, said the residences are&nbsp;"tailor-made for owner-occupiers," with designs catering to first home buyers, downsizers, and young families.

[smartcode_project:default project_id=135330 project_image_fid=289121]

The interiors of Larool Crescent have been crafted by&nbsp;<a href="/interior-designers/coco-republic-interior-design">Coco Republic</a>, who have focused on combining form with function.&nbsp;

"There were certain elements that we put together to achieve warm and clean interiors for this project," Coco Rebuplic's Head of Interior Design, Diana Ribarevksi said.

"Things like the black accents, natural stone in the kitchen, beautiful tactile tiles throughout. All these elements add interest, but also a perfect base for people to bring their own style into the interiors."

[smartcode_project:default project_id=135330 project_image_fid=289120]

CPDM Managing Director,&nbsp;Aarong Liu, said the goal is to create spacious living spaces that support and encourage the lifestyle of the Hills, while CPDM Senior Development and Project Manager, Ross Norton, said that the unique nature of the Castle Hill site required a distinctive architectural approach.&nbsp;

PTW Asia-Pacific was enlisted to handle the designs of Larool Crescent, which has been a decade in planning.

"The vibrant town centre, access to the new metro line, excellent retail environment, and abundant parks have all influenced the design of these new homes," PTW Asia Pacific Managing Director Simon Parsons said.

[smartcode_project:default project_id=135330 project_image_fid=289167]

Larool Crescent is strategically situated near Castle Hill'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.

CPDM has already appointed a builder ahead of construction, and the project includes Resilience Insurance's in demand Latent Defects Insurance which covers buyers in the event of any structural defects in the building for the first 10 years post-completion.

[smartcode_project_cta:default project_id=135330]

Hot Castle Hill gets injection of new apartments as Larool Crescent launches

Burgeoining South East Queensland developer, Mosaic Property Group, has finalized plans for its recently acquired Palm Beach beachfront apartment development.

Brook Monahan's Mosaic has submitted code assessable plans for a nine-level building designed by <a href="/architects/bureauproberts">bureau^proberts</a>. It will have 32 apartments on the 1,651 sqm site at&nbsp;<a href="/new-apartments/sophia-by-mosaic-1357-gold-coast-highway-palm-beach">1357 Gold Coast Highway, Palm Beach</a>, not far from Palm Beach State School.

It will replace a 1980s block of five apartments.

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.

<img alt="Mosaic Property Palm Beach perspective" data-entity-type="file" data-entity-uuid="53682134-bfee-4659-a4d7-0491c6e6765b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Palm%20Beach%20DA%20perspective.png?VersionId=UT8xrvUFfuMOyAWhD7T.cjLExx5iaBpt" />

<a href="/architects/bureauproberts">bureau^proberts</a>&nbsp;says the design emphasises a subtropical architectural style, incorporating open and breathable façade materials with significant landscaping that "softens the building's appearance and blending it with the surrounding environment."

Residents will have access to a communal open space on the second level that will feature a pool, lounge chairs, a sauna, a magnesium spa, and a gym across 225 sqm. A lobby will feature&nbsp;informal resident spaces, board rack storage, and parcel lockers.&nbsp;

The site will also offer direct beach access along its southern boundary, complete with an outdoor shower.

On the <a href="/news/qld/mosaic-secures-beachfront-palm-beach-site-for-latest-luxury-apartment-development">site acquisition</a>,&nbsp;Mosaic's Founder and Managing Director, Brook Monahan, said it was an&nbsp;"incredible, rare, ideally positioned piece of beachfront real estate."

"We're excited to have the opportunity to create another collection of beautiful homes to fulfil the strong sustained demand for Mosaic products on the Gold Coast," Monahan said.

"We're highly selective and strategic in our site acquisitions. Any opportunity undergoes a painstakingly detailed evaluation and extensive investment into relationships with locals to ensure the outcomes align with our vision for luxury living and long-term growth. This approach takes time, but it ensures we create exceptional quality and value for our customers while contributing meaningfully to the communities we are lucky to be a part of."

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="d72e8a54-07d6-4484-b1af-f2cde818b019" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-15%20at%2011.38.33%E2%80%AFAM.png?VersionId=.Qif3lgzFkkEV.reeSZdauV8AYiRFBql" />

Mosaic has built a significant footprint on the Gold Coast, with six premium addresses completed in the past three years alone. Its latest achievements include&nbsp;<a href="/new-apartments/dawn-by-mosaic-15-peerless-avenue-mermaid-beach">Dawn by Mosaic</a>&nbsp;in&nbsp;<a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>,&nbsp;<a href="/buildings/bianca-by-mosaic-1-surf-street-bilinga-qld-4225">Bianca by Mosaic</a>&nbsp;in&nbsp;<a href="/new-apartments/bilinga-qld-4225">Bilinga</a>, and&nbsp;<a href="/new-apartments/luca-7-douglas-street-coolangatta-qld-4225">Luca by Mosaic</a>&nbsp;in&nbsp;<a href="/new-apartments/kirra-qld-4225">Kirra</a>, all having wrapped up between late 2023 and early 2024.&nbsp;

Currently, the company is actively constructing a further five all-but sold-out luxury multi-residential projects on the Gold Coast through its own building arm,&nbsp;<a href="/builders/mosaic-construction">Mosaic Construction</a>, totalling $650 million and comprising 275 apartments.&nbsp;

Five additional projects are being built by Mosaic Construction in&nbsp;<a href="/new-apartments/brisbane-qld">Brisbane</a>&nbsp;and on the&nbsp;<a href="/new-apartments/sunshine-coast-qld">Sunshine Coast</a>, bringing its combined construction portfolio to 10 projects valued at over $1.2 billion, translating to the delivery of 750 homes within the next two years.&nbsp;

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