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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

There's no slowing down Fouad Deiri and <a href="/developers/deicorp">Deicorp</a>.

The Sydney developer, who will complete over 2,000 new apartments by the end of 2024, is adding a further 1,200 apartments to its ever-growing pipeline.

They're preparing plans in <a href="/developments/five-dock-nsw-2046">Five Dock</a>&nbsp;where they've submitted the first stage of a State Significant Development with the NSW Government for six towers up to 30 levels, with 1,185 apartments, of which 15 per cent will be affordable. There will also be some apartments designed specifically for build to rent.

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="3858784d-2a66-4696-b4ee-f1543d49a22d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-31%20at%207.12.31%E2%80%AFPM.png?VersionId=6sjxvLWZyzDwHVGrSBX1R5YajceydyU9" />

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.

A competitive design process has already been held for the project. It invited four architectural firms to prepare a mixed-use development proposal, which was considered by a Jury of five members who unanimously decided that the <a href="/architects/turner-studio">Turner</a> scheme had the best potential to achieve design excellence.

The masterplan also includes a basement parking with a tunnel connecting two parking lots beneath a proposed council road, and extensive public benefits, such as 2,290 sqm of public open space, new public roads, and pedestrian pathways.

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="36ba4bb6-3883-4f94-8d5d-bac5c10f18e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-31%20at%207.12.41%E2%80%AFPM.png?VersionId=xvqp7HYIS54RzMFqjLK5YVl.P9uJzkLO" />

The three-hectare site, incorporating 53-75 Queens Road and 129-153 Parramatta Road, a site which Deicorp picked up last year for a reported $260 million, is strategically located within 400 metres of regular bus services on Parramatta Road.

The site was part of the broader revitalisation of the Parramatta Road Corridor as outlined in the NSW Government's 2016 strategy which&nbsp;aims to enhance the 20-kilometre corridor with better amenities, improved transport, walkable neighbourhoods, and diverse housing options.

The development is part of a larger master plan by the City of Canada Bay Council, which envisions 2,500 homes by 2050.&nbsp;

<img alt="Deicorp five dock site" data-entity-type="file" data-entity-uuid="02a619eb-26fd-40f7-916f-fb4ad636f448" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deicorp%20site.png?VersionId=ehFaVpOrZAAligMs3yNWIJ2j7omicpcH" />

The Five Dock project, dubbed <a href="/new-apartments/kings-bay-village-53-75-queens-road-five-dock">Kings Bay Village</a>, is also in proximity to the planned Burwood North and Five Dock metro stations, aligning with the Minns government's support for development near new transport hubs.

Deicorp's active role in addressing Sydney's housing challenges is underscored by its recent acquisitions and large-scale projects. It currently has&nbsp;4,400 new apartments currently under construction across 11 projects in Greater Sydney.

Its most recent development application came in Zetland where the vertically integrated builder developer is <a href="/news/nsw/first-look-exclusive-deicorp-submit-plans-for-joynton-square-mixed-use-zetland-precinct">planning nine new buildings</a> that will form a new precinct they're calling Joynton Square.

Deicorp's active role in addressing Sydney's housing challenges is underscored by its recent acquisitions and large-scale projects. It currently has 4,400 new apartments currently under construction across 11 projects in Greater Sydney.

Deicorp lodge State Significant Development application for 1,200 apartments in Five Dock

A year after paying around $35 million for a large 8,475 sqm site in the heart of Kew, boutique Melbourne apartment developer Piccolo&nbsp;has revealed what it intends to do with it.

They've filed $50 million plans to the Boroondara Council for five three-level buildings at 18 Barry Street, a block near&nbsp;<a href="/developments/kew-vic-3101">Kew</a> Junction shopping village that is&nbsp;currently occupied by a former residential aged care facility.

There will be 60 two, three and four-bedroom apartments as part of&nbsp;<a href="/new-apartments/piccolo-house-barry-st-kew-barry-street-kew-18-barry-street-kew">A Piccolo House , Barry Street</a>, part of the Piccolo House collection that targets the high-end owner-occupier. Its most recent development, <a href="/new-apartments/a-piccolo-house-gore-st-fitzroy-385-gore-street-fitzroy">A Piccolo House, Gore Street</a> in <a href="/developments/fitzroy-vic-3065">Fitzroy</a>, secured a flurry of sales when it launched last year, quickly selling 70 per cent of the 49 apartments.

<a href="/developers/piccolo">Piccolo</a>, led by industry veteran Michael Piccolo, is once again teaming up with <a href="/architects/woods-bagot">Woods Bagot</a>, the architecture firm who has a string of proejcts with Piccolo. The developments end value is expected to be around $180 million.

<img alt="A Piccolo House - Barry Street in Kew, Barry St Frontage" data-entity-type="file" data-entity-uuid="3e72e815-4e96-4655-8a2f-72c6b6482797" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Barry%20St%20Frontage.png?VersionId=Ze8PCoyHGmsYUsG.BTfOsjj8cW6ohuDt" /> 
The Barry St Entrance. Image credit: Woods Bagot

The five buildings,&nbsp;in landscaping by ACRE, will comprise three levels of apartments, each with generous private outdoor spaces or balconies.&nbsp;

The buildings will be arranged around a central communal area. Buildings A and B will each have 10 apartments, Building C will home 12 apartments, while Buildings D and E will have 14 apartments a piece.

The buildings will sit above a basement with 133 parking spaces, additional visitor and staff parking, and 72 bicycle parking spaces.&nbsp;

<img alt="A Piccolo House - Barry Street in Kew, A Beckett Frontage" data-entity-type="file" data-entity-uuid="3b8efd3c-47bd-4da6-92a6-7e7a5b1a59c9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A%20Beckett%20Frontage.png?VersionId=OvWcAtgcY3lgtdVlJ1s60BurYjQRmqlW" />The view from A'Beckett St. Image credit: Woods Bagot

Future residents will also have access to extensive communal spaces, like a north-facing central outdoor area, as well an amenities building dubbed 'The Meadow' that will feature communal entertaining areas, a wine cellar, and a landscaped rooftop.&nbsp;

There will also be health and fitness facilities, including a gym, yoga room, spa, and golf simulator. A guest studio, lobby, concierge, and staff offices will also be part of the development.

<img alt="Barry Street" data-entity-type="file" data-entity-uuid="f48c03c2-65cb-4019-a9f3-ee19ea6db4c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-31%20at%206.19.01%E2%80%AFPM.png?VersionId=8cgZu52vrvRJzWUGMd92Yt46yFBu8VPS" />The view from Barry St. Image credit: Woods Bagot

The planning assessment report prepared by&nbsp;Contour Consultants said, by definition pursuant to the provision of the GRZ4, the site is a "super sized lot".

"In response [to the Planning Policy Framework], the delivery of 60 high quality apartment dwellings contributes to the provision of a diverse housing type that will cater to a variety of households and families, on a large, under-utilised parcel of land and in an area with good access to transport, employment and a range of other services and facilities," the report noted.

It highlighted the State Government's "bold target" set in September 2023 to build 800,000 new homes by 2033 to address housing shortages and housing affordability.

"Larger sites such as the subject site which provide the opportunity for increased dwelling density, play a significant role in achieving the goals set out by the Victorian Government."

<img alt="Piccolo" data-entity-type="file" data-entity-uuid="d1a335eb-e706-493a-a810-67fec3405030" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-31%20at%206.28.20%E2%80%AFPM.png?VersionId=lkmCccj1Xn.hq6cmMrgy0IT_RJVyjC_g" />The site is currently occupied by an unused residential aged care facility

When securing the site in midway through 2023, Michael Piccolo highlighted the site's potential due to its&nbsp;tranquil setting.

"Its location, surrounded by the serenity of leafy streets and impressive vistas, combined with its scale, liveability, and character, ticks all the boxes for us," Piccolo said.

"This unique opportunity is a rare gem in the current market, where properties of such calibre are extremely scarce."&nbsp;

[smartcode_project_cta:default project_id=141498]

There will be 60 two and three-bedroom apartments as part of A Piccolo House , Barry Street, part of the Piccolo House collection that targets the high-end owner-occupier

First look exclusive: Piccolo plot new Kew apartment development

The development industry on the Gold Coast seems to be coming out of the other side of the construction that plagued the industry for the last several years.

Many developers have had to react in a way they had never been able to predict four years ago. The likes of <a href="/developers/iris-capital">Iris Capital</a>, <a href="/developers/siera">Siera Property Group</a> and <a href="/developers/andrews">Andrews Projects</a> have brought construction inhouse, mitigating the risk of appointing an external builder.

One developer caught up in the problematic build environment was <a href="/developers/steer-developments">Steer Developments</a>, who had been full throttle on <a href="/new-apartments/c-te-palm-beach-3-thirteenth-avenue-palm-beach">Côte Palm Beach</a>, a luxury development of 17 apartments a short walk from the sand, before the collapse of GCB Constructions.

[smartcode_project:default project_id=112548 project_image_fid=205277]

Following a difficult period of 12 months trying to secure a builder and manage the expectations of those who had already purchased in the luxury building, Steer Developments Director Rob Steer decided to take matters into his own hands becoming the head contractor.

He teamed up with several building industry experts to create SunBuilt, a new construction company that will deliver the $55 million luxury development. SunBuilt will act as Steer Developments inhouse construction arm,&nbsp;eliminating the tedious search for a reliable builder.

SunBuilt founding partner Damien Todd told Urban that SunBuilt was founded out of a pressing need for transparency and reliability in the construction industry on the Gold Coast.

"In a market where managing the construction process can be challenging, SunBuilt emphasises its experience throughout the whole development lifecycle. Professionalism, collaboration, quality and transparency is at our core," Todd said.

“Our approach provides greater certainty that projects are completed on time, within budget, and to the highest standards."

Rob Steer said it is a huge bonus to have an inhouse builder to guarantee the purchasers the quality of finishes that are expected in a high-end, boutique development such as Côte Palm Beach.

[smartcode_project:default project_id=112548 project_image_fid=205286]

"With only 17 apartments, each residence is designed with the utmost attention to detail, creating an intimate living environment that larger developments simply cannot match," Steer said.

"Each home features exquisite interiors with high-end finishes, bespoke cabinetry, and state-of-the-art appliances. The open-plan living areas are designed to maximise space and light, creating a seamless flow from indoor to outdoor living.

"Expansive balconies provide superb alfresco settings for everyday living or entertaining, offering breathtaking views and a perfect spot to enjoy the coastal breeze."

[smartcode_project:default project_id=112548 project_image_fid=205278]

Steer had sold half of the apartments in Côte, on an 810 sqm site located at 3 Thirteenth Avenue, before construction paused.&nbsp;

The buyers, most from the start of 2023, have stuck with Steer and the team, resembling the demand for a sure product.

"The buyers understood the build environment and knew the quality of what we were putting forward. While it's taken a little longer to realise given the collapse of the previous builder we're now excited to announce basement works are well underway and delivering on our promise for our buyer."

Demolition of the old 1960s ‘Surfside Motel’ on the prime site is complete, and now SunBuilt is starting to work on the basement levels of the nine-level building that features with a striking sculpted facade by designed by DKO as well as luxury modern interiors by Plus Architecture.

Each apartment at Côte has three bedrooms, a multi-purpose room, three-and-a-half bathrooms, and two secure underground car spaces.

[smartcode_project_cta:default project_id=112548]

"SunBuilt was founded out of a pressing need for transparency and reliability in the construction industry on the Gold Coast," Steer told Urban

Exclusive: Steer Developments bring construction inhouse as Sunbuilt revive Cote Palm Beach apartments

Housing affordability is always the hottest topic of conversation in the Sydney real estate market.

Recent research highlights the increasing difficulty for first home buyers to enter the Sydney property market, with projections indicating that housing will remain unaffordable until at least the 2030s.&nbsp;

The study by Dr Mustapha Bangura from the University of Technology Sydney (UTS) and UNSW Sydney Professor Chyi Lin Lee found that neither median part-time nor full-time incomes are sufficient to purchase property anywhere in Greater Sydney without additional financial support.

Developer <a href="/developers/australia-ymci-pty-ltd">Australia YMCI</a>&nbsp;(AYMCI) is offering affordable apartments, under the threshold for full stamp duty concessions, at its Sydney Olympic Park development, <a href="/buildings/ruby-apartments-lidcombe-1-kingfisher-street-lidcombe">Ruby Apartments</a>.

[smartcode_project:default project_id=143641 project_image_fid=274364]

A handful of the final apartments left in the completed development are under $800,000, which means first home buyers pay no stamp duty through the NSW Government First Home Buyers Assistance Scheme.

“We are committed to providing affordable apartments and projects designed to integrate convenience and luxury, offering residents unparalleled access to transportation options and community amenities,” said Australia YMCI Director Jason Tan.

"We understand the challenges many first-home buyers face in today’s market. Our goal is to provide affordable and quality housing options that do not compromise on luxury or convenience."

&nbsp;

The two-bedroom apartments under $800,000 each have two bathrooms, one an ensuite with a deep bath tub, an integrated study nook that can comfortably fit a sofa bed, and a parking space.

[smartcode_project:default project_id=143641 project_image_fid=283189]

Located near Accor Stadium and Qudos Bank Arena, Ruby Apartments also benefit from proximity to a vibrant hospitality strip and future developments around Olympic Station, which is set for a $585 million investment.

Read more:&nbsp;<a href="/news/nsw/new-nsw-gov-stimulus-draws-buyers-to-sapphire-apartments-in-sydney-olympic-park">New NSW Gov stimulus draws buyers to Sapphire Apartments in Sydney Olympic Park</a>

Sydney Olympic Park features numerous parks and green spaces, creating a diverse and expansive environment for recreation and leisure. Notable parks within the area include Bicentennial Park, Blaxland Riverside Park, Wentworth Common, and the Badu Mangroves.

[smartcode_project:default project_id=143641 project_image_fid=289363]

The broader Sydney Olympic Park area contains various smaller parks, wetlands, and conservation zones, all contributing to its rich biodiversity and outdoor activities.

The future is also bright for Sydney Olympic Park. The NSW Government has put together a 2030 Master Plan that will revitalize the area with a&nbsp;new town centre, educational facilities, shopping precinct, new homes, more jobs, increased open space, increased community facilities and facilitation of a new Metro station.

There are also plans being drawn up for Master Plan 2050, given the population of Sydney Olympic Park is expected to jump from 3,700 to nearly 30,000.

[smartcode_project_cta:default project_id=143641]

mikah.m@urban.com.au

$0 stamp duty incentive drawing first home buyers to Ruby Apartments in Sydney Olympic Park

New apartment owners are increasingly seeking developments that connect to nature due to a growing awareness of the benefits of green living.

As urbanization accelerates, the need for natural spaces within residential areas becomes more pronounced.

Proximity to nature is known to enhance well-being by reducing stress, improving mental health, and fostering physical activity. Natural elements in residential developments, such as parks, green roofs, and landscaped gardens, create a serene environment that contrasts sharply with the often hectic pace of city life.

Part of the trend toward nature in new apartment developments is a rising desire for&nbsp;sustainable living, driven by environmental concerns. Developments that integrate nature often employ eco-friendly practices, such as energy-efficient designs and sustainable materials, appealing to environmentally conscious buyers. These spaces not only offer a healthier lifestyle but also contribute to lower carbon footprints.

Natural surroundings can also enhance the aesthetic appeal and overall value of a property. Buyers are increasingly looking for homes that provide a harmonious balance between modern conveniences and natural beauty, reflecting a broader shift towards lifestyles that prioritize well-being and environmental stewardship. This trend underscores a collective recognition of the importance of integrating nature into everyday living spaces.

In a city where land is at a premium, it's difficult for developers in Sydney to put together a large enough development site to incorporate a significant amount of nature.

We've wrapped up the most nature-fuelled new apartment developments on the market in Sydney right now.

<h2>Project: The Newlands, St Leonards</h2>

<h3>Location: 21-41 Canberra Avenue, St Leonards NSW 2065</h3>

<h3>Developer: Top Spring Australia</h3>

Following its initial launch to the market in late 2022, Sydney developer <a href="/developers/top-spring-australia">Top Spring Australia</a>'s parkside masterplan,&nbsp;<a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a>, has been one of the most sought-after developments in the St Leonards South precinct.

Designed by <a href="/architects/bates-smart">Bates Smart</a> and landscaped by <a href="/landscape-architect/arcadia-landscape-architecture">Arcadia Landscape Architecture</a>, The Newlands emphasises a pedestrian-oriented precinct with a focus on the natural landscape of Newlands Park.

[smartcode_project:default project_id=24509 project_image_fid=257584]

Quietly set off Canberra Avenue, just minutes from the <a href="/developments/st-leonards-nsw-2065">St Leonards</a> activity centre and the train station but with the peace and privacy that living opposite a park brings.

“The Newlands is a breath of fresh air for purchasers looking for lower density, leafy spaces, and a more suburban neighbourhood," Colliers Project Director, Daniel McMahon, said.

[smartcode_project:default project_id=24509 project_image_fid=234815]

The Newlands will be home to 319 apartments across five low and mid-rise buildings. 90 per cent of apartments and terrace homes at The Newlands will have green landscape views and some offer absolute park frontage to the soon-to-be expanded Newlands Park, and all the buildings are connected by a 5,700 sqm communal green spine with boardwalks.

[smartcode_project:default project_id=24509 project_image_fid=263845]

Bordered by parkland on three sides, the community provides unrivalled resident facilities including rooftop dining and entertaining spaces, pool, gym, communal electric vehicles and e-bikes for hire, refrigerated parcel lockers for grocery deliveries, and a digital concierge to connect services such as cleaners, personal trainers, and dog walkers.

The Newlands is under construction with 4.5-star iCIRT-rated builder <a href="/builders/dasco-australia">DASCO</a>, and the first stage is due for completion in late 2025.

<h2>Project: The Orchards | Veue Parkside</h2>

<h3>Location: 15-19 Spurway Drive, Norwest NSW 2153</h3>

<h3>Developer: Sekisui House Australia</h3>

<a href="/developers/sekisui-house-australia">Sekisui House</a> Australia has committed to nature in its $1 billion Norwest masterplan, The Orchards.

Veue, stage four of the $1 billion masterplanned community, comprises 583 apartments, nearly half of the total apartments that will make up the 8.1-hectare The Orchards.

[smartcode_project:default project_id=145924 project_image_fid=287363]

Sekisui's most recent stage, <a href="/new-apartments/the-orchards-veue-parkside-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Parkside</a>, is the most nature-focussed release to date.

Designed by <a href="/architects/crone-architects">Crone Architects</a>, every element of the parkside homes - from the architectural vision to the selection of material - has been carefully curated to reflect and celebrate the ever-changing beauty of nature.

[smartcode_project:default project_id=145924 project_image_fid=287380]

<a href="/developers/sekisui-house-australia">Sekisui House Australia</a>&nbsp;sales manager David Lee says Veue Parkside’s direct connection to nature via a vertical green building spine supported by splendid northerly views overlooking&nbsp;<a href="/developments/castle-hill-nsw-2154">Castle Hill</a>&nbsp;Country Club and panoramic aspects across to the Blue Mountains from the west will capture the interest of perceptive buyers.

On its launch, <a href="/news/nsw/sekisui-house-australia-secure-over-85-million-in-apartment-sales-at-veue-parkside-the-orchards-community-in-norwest">over half of the apartments</a> in Veue Parkside sold.&nbsp;Over 60 per cent of sales were secured by&nbsp;Hills Shire residents and the remainder from across Sydney including Vaucluse, Bondi Junction and Maroubra

<h2>Project: Willoughby Grounds</h2>

<h3>Location: 5 Walter Street, Willoughby NSW 2068</h3>

<h3>Developer: First Quadrant Properties</h3>

<a href="/new-apartments/willoughby-grounds-5-walter-street-willoughby">Willoughby Grounds</a> puts you in the heart of everything great about the warm, green suburb of <a href="/developments/willoughby-nsw-2068">Willoughby</a>.

The development sits in one of the most beautiful pockets of Sydney – a diverse natural landscape of native bushland, the Lane Cove River and the Middle Harbour estuary.

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“Willoughby Grounds is really the best of both worlds – it’s that feeling of being part of a secluded, tucked-away private sanctuary with easy access to the wider amenities of Sydney," Adam Reeves of <a href="/developers/first-quadrant-properties">First Quadrant Properties</a> said.

There will be around 160 apartments spread across the five buildings in Willoughby Grounds, with around 30 to 35 units in each building.

[smartcode_project:default project_id=135512 project_image_fid=251214]

The design brief was to allow the multi-layered architecture and flourishing natural landscape to work in unison to create a sense of serenity and connection to the place.

The communal rooftop, overlooking district views, also reflects its rich natural surroundings, with a garden featuring sculpted stone furniture and blooming plants in large planters.

[smartcode_project:default project_id=135512 project_image_fid=251221]

First Quadrant has the iCIRT-rated builder DASCO currently constructing the project. The first apartments will be ready later this year, and the rest by mid-2025.&nbsp;

In a city where land is at a premium, it's difficult for developers in Sydney to put together a large enough development site to incorporate a significant amount of nature

Sydney's most nature-fuelled new apartment developments

Four and five-bedroom penthouses are hard to come by in Brisbane's West End, which makes Sekisui House Australia's final release in its latest stage of its $1.2 billion West Village precinct, all the more unique.

The Opulent Release, part of the two-tower Allere Collection that is over 95 per cent sold, presents a rare opportunity for those looking for a city bolthole within a thriving lifestyle precinct, where everything is at their doorstep.

The apartments start at a generous 185 sqm and have been cleverly designed by regarded architecture firm&nbsp;<a href="/architects/rothelowman">Rothelowman</a>&nbsp;so all of the rooms take in sweeping views across Brisbane.

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Premium quality finishes and fixtures feature throughout, but are no more evident than in the kitchen where there's premium marble benchtops, a five-burner gas cooktop, an electric oven, an integrated dishwasher, and a recirculating range hood.&nbsp;

The open kitchen flows into the dining and living areas, extending to a 41 sqm balcony suitable for alfresco entertaining.&nbsp;

A second, more private living area in between the bedrooms is available for intimate family gatherings.

Soundproofing material has been used in the windows and doors, and ducted and zoned air conditioning can be controlled via mobile for year-round comfort.

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Residents of the Opulent Release will have access to amenities across both rooftops, with UNO featuring a private regeneration zone with city views, an infinity edge pool, an off-leash green space, Paw Pavilion, and a dog wash bay.&nbsp;

DUO offers a pool and spa surrounded by palm trees, outdoor lounges, and dining spaces.

[smartcode_project:default project_id=114215 project_image_fid=207148]

The development includes onsite property management by LivKey, year-round community and resident events, and two electric vehicles for exclusive use by all residents of&nbsp;<a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">The Allere Collection</a>.

West Village is situated on Boundary Street, just 800 metres from the Brisbane CBD. It boasts a walk score of 99/100, with transportation, retail, dining, and health and wellness services in close proximity.

The broader 2.6-hectare West Village precinct also includes the heritage-listed former Peters Ice Cream Factories, highlighting the area's industrial heritage.&nbsp;

Upon completion, the <a href="/developments/west-end-qld-4101">West End</a>&nbsp;precinct will feature 1,200 residences, 20,000 sqm of commercial space, an 18,000 sqm retail precinct, and one hectare of open parklands and heritage laneways.

[smartcode_project_cta:default project_id=114215]

Rare four and five-bedroom penthouses offered in West End's West Village precinct

Winter did not hinder apartment sales in Sydney’s Norwest at the weekend with Sekisui House Australia securing over $85 million in sales within a few hours of the new apartment release at its masterplanned community in Norwest.

Over 150 people registered to attend the launch to secure a nature-inspired apartment in the exclusive new release,&nbsp;<a href="/new-apartments/the-orchards-veue-parkside-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Parkside</a>.

More than 80 sales came on the day, the majority being for the two-bedroom units. There were also two four-bed penthouses sold, as well as two of the three-bedroom townhome-style apartments.

Sales ranged between $690,000 for a one-bedroom apartment up to $3.3 million for a four-bed penthouse with over 200 sqm of internal space. The latter was sold to a Hills Shire downsizer and equalled the record for the most expensive apartment purchase in the project.&nbsp;

Veue Parkside features 156 modern apartments distributed across two buildings, each standing nine and 14 levels tall.

Veue, the fourth stage of The Orchards, comprises 577 light-filled apartments,&nbsp;nearly half of the total apartments that will make up the 8.1-hectare masterplan.

[smartcode_project:default project_id=145924 project_image_fid=287366]

Sales Manager David Lee said buyers came in large numbers to secure a carefully curated apartment in Veue Parkside, which he called "an architectural masterpiece."

"Downsizers seeking an oversized parkside home with large living spaces as well as owner-occupiers and young professionals looking for an additional ‘work from home’ space represented the largest cohort of purchasers," Lee said.

“Oversized apartments presenting a two-storey living, most of which are now sold, properties enjoying a northerly aspect overlooking the prestigious Castle Hill Country club and two-bed max’s were the first to sell.”

Over 60 per cent of sales were secured by&nbsp;Hills Shire residents and the remainder from across Sydney including Vaucluse, Bondi Junction and Maroubra.

"To achieve another $3.3 million penthouse sale in the latest stage demonstrates renewed strength in the market for high-quality, well-located apartments,” Lee added.

“Sekisui House Australia’s highly regarded reputation for building quality homes continues to attract perceptive home buyers in The Orchards as well as its focus on working within the natural environment to create homes that last across generations, surrounded by green spaces, recreational parks and stunning landscaping.”

[smartcode_project:default project_id=145924 project_image_fid=287377]

Veue Parkside’s design vision by <a href="/architects/crone-architects">Crone Architects</a> defers to The Orchards’ natural surrounds with residences maximising connection to the landscape and nature.

Modern facilities encompassing a wellness centre with an indoor swimming pool, gymnasium and communal function centre that links directly to the landscaped garden will form part of Veue Parkside’s eye-catching piece of architecture.

Veue Parkside residents can entertain up to 100 guests within the communal function centre that opens up to landscaped parklands. A concierge service is also available in the adjacent Building A, servicing the needs of all residents at The Orchards.&nbsp;

[smartcode_project:default project_id=145924 project_image_fid=287378]

The masterplan, designed by Turner is spread across five stages. When completed, the community will comprise 1,300 generously proportioned apartments located approximately 31 kilometres north-west of Sydney’s CBD in <a href="/developments/norwest-nsw-2153">Norwest</a>.&nbsp;

Veue Parkside is located at 15–19 Spurway Drive, Norwest. Construction has started and the first residents are expected to move in in mid-2026.

Close to 650 apartments have already been sold in The Orchards.

[smartcode_project_cta:default project_id=145924]

Over 60 per cent of sales were secured by Hills Shire residents and the remainder from across Sydney including Vaucluse, Bondi Junction and Maroubra

Sekisui House Australia secure over $85 million in apartment sales at Veue Parkside, The Orchards community in Norwest

<a href="/developers/giancorp-property-group">Giancorp Property Group</a> has introduced a new dimension to modern living with its Penny Lane apartment development in Moonee Ponds.&nbsp;

<a href="/buildings/penny-lane-moonee-ponds-6-14-young-street-moonee-ponds">Penny Lane</a> integrates Melbourne’s iconic laneway culture with a suite of exclusive amenities, offering residents a well-rounded lifestyle that extends beyond their homes.

&nbsp;

The development features a range of communal spaces designed to foster a sense of community.&nbsp;

Residents will have exclusive access to a level three podium garden with a full-line gym and private lounge areas.

&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268952]

There are also dining rooms with a designer kitchen intended for more intimate social gatherings.&nbsp;

Expansive views and landscaped spaces can also be enjoyed on the exclusive level nine terrace.

&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268932]

Penny Lane’s precinct places a strong emphasis on lifestyle, characterised by al fresco dining options and commissioned street art.

The precinct is home to Melbourne’s newest cinema complex, featuring a luxury rooftop cinema, a Platinum lounge, and various cafes and casual dining venues.&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268950]

Residents will benefit from the convenience of picking up dinner on the way home or meeting friends for coffee right at their doorstep.

[smartcode_project:default project_id=1676 project_image_fid=268412]

Designed by <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke Architects</a>, Penny Lane is home to 109 ready-to-move-in apartments, each featuring generous balconies or terraces.&nbsp;

The location further adds to its appeal, being close to the <a href="/developments/moonee-ponds-vic-3039">Moonee Ponds</a> Racecourse, known for the prestigious Cox Plate horse race, and just a few minutes away from Queen’s Park.&nbsp;

The park, which is Moonee Valley’s oldest, offers a lake, a pool, a cottage café, and expansive garden spaces.

[smartcode_project_cta:default project_id=1676]

Residents will have exclusive access to a level three podium garden with a full-line gym and private lounge areas

Designed to foster a sense of community: Inside the amenities at Penny Lane, Moonee Ponds apartment development

Luxury developer Aqualand's involvement in the transformation of North Sydney started right from the company’s outset.

It was 2015 when Aqualand secured a 4,000 sqm site at 168 Walker Street, one of its first site acquisitions just a short walking distance to the new Victoria Cross Station. At that time, the plans for the station were only being drafted.

Now, with construction recently completed on schedule, which is rare in the industry, the timing couldn’t be better for Aqualand to be welcoming new residents to its luxury apartment precinct, <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>. Victoria Cross Station is to open imminently, and will take <a href="/developments/north-sydney-nsw-2060">North Sydney</a> residents to Barangaroo in just three minutes.

[smartcode_project:default project_id=30959 project_image_fid=284260]

There are also new laneways as part of the Metro that has completely revitalised North Sydney. No longer just a commercial precinct, North Sydney is well and truly on the map for everything from cafes and culture to connectivity and convenience.

The recent announcement that Reddam House, one of the most prestigious private schools in the country, is coming to North Sydney, is also now drawing families to the area. Reddam House North Shore is being developed directly across the road from AURA.

<a href="/developers/aqualand-australia">Aqualand</a> wanted to do more to contribute to the transformation of North Sydney over and above crafting a luxury apartment building. They wanted to create a community, not only for their residents, but integrate them with the wider North Sydney neighbourhood.

On the doorstep of AURA by Aqualand is a two-level curated food and beverage podium with four world-class venues operated by their hospitality business Etymon Projects. They have recently opened and are thriving under the eye of former Sepia chef Rhys Connell. Within the podium there's Sol, a bakery and wine bar; Una, an artisanal providore; Soluna, an LA-inspired, relaxed dining, bar and lounge and Genzo, a Japanese restaurant (pictured below).

<img alt="Etymon" data-entity-type="file" data-entity-uuid="eebb17aa-a7d3-4afc-b63a-f60e1abb5348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-30%20at%204.45.23%E2%80%AFPM.png?VersionId=pNcM1KDBrhcBZCBajiHLEmKyW_SOxxIQ" />

Aqualand Head of Sales and Marketing, Alex Adams, says there's never been a better time to be in North Sydney.

“We’re proud to be a leading the way in North Sydney’s rapid transformation into one of the harbour city’s most sought-after new residential lifestyle destinations," Adams says.

“With the ongoing commitment of North Sydney Council to revitalise North Sydney CBD, and the recent grand opening of our landmark AURA by Aqualand precinct, there’s never been a better time to be in this part of Sydney."

Adams says the growth of North Sydney as a live-work-play destination is bringing the community, workers, students and more visitors to the CBD by supporting activities after work hours, transforming it into a more vibrant and attractive suburb.

“Key to this vision is the investment in infrastructure with the Victoria Cross Metro opening early August and a series of activated laneways that connect Miller Street to two new plazas, while Ward Street across from AURA is being pedestrianised and will link to Denison Street, completing part of the north-south laneway network running from St. Leonards Park to the North Sydney train station then onto Lavender Bay.&nbsp;

“This pedestrian-friendly laneway and café culture will promote connectivity within the town centre, creating enticing pockets filled with lively cafés, bars and walking trails that add to the evolving cultural ecosystem of the area."

Aqualand scaled back its initial 2016 plans for 441 apartments so they could offer larger floorplans for their residents. Now there are 386 apartments in the 28-level <a href="/architects/woods-bagot">Woods Bagot</a>-designed tower that feature luxury interiors by Richards Stanisich.

[smartcode_project:default project_id=30959 project_image_fid=286062]

Kirsten Stanisich, Director and Founder of Richards Stanisich, said their interior design interprets the architectural concept for the building to reflect the sculptural shorelines and cliff faces of Sydney Harbour. Three colour schemes are available, light, mid, or dark palettes.

All residences afford a seamless flow from open space living to winter gardens, while some apartments feature a multi functional room that facilitates use as a secondary living area, an office, bedroom, or guest room. Completing the offering, select apartments enjoy sunlit glazed studies instead.&nbsp;

Having recently taken a tour of AURA by Aqualand, the apartment size, configurations, fixtures and fittings, are truly unmatched in North Sydney.

A combination of one, two, three and four-bedroom apartments remain and are ready to move in now

[smartcode_project_cta:default project_id=30959]

Having recently taken a tour of AURA by Aqualand, the apartment size, configurations, fixtures and fittings, are truly unmatched in North Sydney

AURA by Aqualand residents to benefit from North Sydney's continuing transformation

Sunshine Coast developer&nbsp;Cube&nbsp;has been given the green light to push on with its latest local apartment development, Lago.

The&nbsp;<a href="/developments/birtinya-qld-4575">Birtinya</a> apartment development at&nbsp;2 Prosperity Drive will comprise just 47 luxury apartments, continuing Cube’s commitment to delivering residential projects in premium coastal locations up and down the Sunshine Coast.

With luxury apartments riding a wave of popularity on the Sunshine Coast, Cube Senior Development Manager Daniel Ryan said he expected a very strong response to the new project.

“With premium amenity and accessibility in a growing location, we anticipate a very strong response when Lago is released to market towards the end of this year,’’ Ryan said.

Lago is the latest in a successful pipeline of <a href="/developers/cube-developments">Cube</a> projects including Nature at Cotton Tree which is now sold out, Oasis at Bokarina Beach, and Lumeah Peregian.

“The demand for premium coastal apartments is driven by their unique blend of lifestyle, convenience, and investment potential,’’ Ryan added.

“Our projects, such as Lago, offer residents an unparalleled living experience with views, resort-style amenities, and close proximity to key lifestyle features.

“Coastal destinations such as the Sunshine Coast continue to attract both local and interstate buyers looking for a superior quality of life.

“We are confident that Lago will meet the high expectations of buyers and contribute to the ongoing appeal of our world-class region."

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