For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.

The latest Consumer Price Index figures from the Australian Bureau of Statistics showed annual inflation eased to four per cent in May, down from 4.2 per cent in April. On the surface, that might not seem like a major move. Inflation remains above the Reserve Bank's target range and some categories continue to record stubborn price growth.

But the significance of this result lies less in where inflation sits today and more in what it means for where interest rates are likely heading next.

The biggest takeaway is that inflation continues to move in the right direction.

Markets had been bracing for another sticky result after a period where progress appeared to stall. Instead, headline inflation came in softer than expected, helped by falling fuel prices and easing transport costs. Annual transport inflation halved from 6.6 per cent in April to 3.3 per cent in May, while automotive fuel prices fell 11.9 per cent during the month following lower oil prices and the impact of reduced fuel excise measures.

While petrol prices don't solve Australia's affordability challenges, they are one of the most visible and immediate costs for consumers. Falling fuel costs feed through the economy quickly, helping ease pressure on household budgets and business operating expenses.

The ABS data also showed headline inflation is now sitting at its lowest annual level in several months, reinforcing the broader trend that price growth is gradually moderating.

That trend is important because it aligns with what many economists and lenders have been saying for the last month.

Prior to this week's inflation data, ANZ, NAB and Commonwealth Bank had all shifted their forecasts, now believing the Reserve Bank had likely reached the peak of the interest rate cycle. Following the May inflation release, ANZ reaffirmed that view.

In its latest economic update, ANZ said it expects quarterly trimmed mean inflation to come in at 3.7 per cent for the June quarter, slightly below the Reserve Bank's forecast of 3.8 per cent. Importantly, the bank said that outcome, when combined with slowing economic activity, "supports our view that the cash rate has peaked".

The Reserve Bank has spent the better part of three years attempting to bring inflation under control through higher interest rates. If Australia's major banks are correct and rates have now peaked, the conversation shifts from how much higher rates could go to when they might begin coming down.

Westpac's caution comes from underlying inflation. The trimmed mean, the measure most closely watched by the Reserve Bank, increased from 3.4 per cent to 3.6 per cent annually. Housing inflation remains elevated at 6.5 per cent, reflecting ongoing increases in rents, electricity costs and new dwelling construction.

Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.

Housing construction costs are also showing signs of renewed pressure. ANZ noted new dwelling costs rose 0.9 per cent in May and are now running at an annualised pace of 8.6 per cent over the past three months. Builders continue to face higher labour, fuel and material costs, a reminder that inflationary pressures have not completely disappeared.

Housing affordability has deteriorated largely because of higher interest rates rather than higher property prices alone. Even modest reductions in mortgage rates would improve borrowing capacity, increase buyer confidence and reduce repayment pressure on existing homeowners.

While August is far from a certainty, the latest inflation result has strengthened the view that the next move in rates is more likely to be down than up. For borrowers, buyers and the development sector, that alone represents a significant shift from the conversation that dominated much of the past two years.

Joel Robinson

The inflation result the property market was waiting for

Commercial property group FiveX is doubling down on its move into the residential space.

The group, founded by Joshua and Marko Berger more than five decades ago, has followed up its plans for a 39-storey tower on North Sydney's Alfred Street with a proposed 61-storey tower in Chatswood.

The new tower at <a href="https://www.apartments.com.au/new-apartments/815-pacific-highway-chatswood-nsw-2067">815 Pacific Highway</a>, which would be one of the tallest proposed in Chatswood in recent years, will comprise 490 apartments, 76 of which will be dedicated affordable housing and managed by Evolve Housing for a minimum of 15 years.

The project will replace the long-standing Panorama Building, originally known as the BMA Tower, a 14-storey office building completed in 1972 and designed by Hungarian-born architect Hugo Stossel. At the time of its completion, the building was the tallest structure in Chatswood and became a local landmark due to its distinctive curved form and external glass lift.

<img alt="FiveX" data-entity-type="file" data-entity-uuid="956bd299-3864-47a0-8ea6-162b5524c5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.02.03%E2%80%AFPM.png?VersionId=EWx7teUr7RcYrI9mgRytwppwt5AdUDtb" />

fjcstudio is behind the designs. Its Architectural Design Report argues the ageing commercial building no longer reflects Chatswood's role as one of Sydney's key strategic centres and that the site is ideally positioned to support significantly higher residential density.

"The site is located at the heart of Chatswood, within the TOD accelerated rezoning area that supports higher density development around the new Metro station," the report states.

"The site's role within a walkable 400-metre radius catchment is where housing, employment, retail and community uses are encouraged to cluster in support of transit-oriented living."

<img alt="fjc" data-entity-type="file" data-entity-uuid="8d198f5e-cc71-4175-9357-be6ec7207473" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.18.27%E2%80%AFPM.png?VersionId=5WUFc3IYBPvhQMBUYLCsjJhzdcVeYodE" />

The proposal has undergone two rounds of review by the NSW State Design Review Panel, with the design evolving through an extensive assessment process focused on design excellence, public realm outcomes, residential amenity and the integration of affordable housing.

fjcstudio says the residential component provides a diverse mix of apartment typologies, supporting a broad demographic and contributing to housing supply in a highly accessible location close to major transport, employment and retail infrastructure.

The application follows FiveX's plans for a 39-storey tower at <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">275 Alfred Street</a>, which it <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">submitted through the same NSW Government pathway</a> in December. That's for 184 apartments.

Recent activity in Chatswood includes Hyecorp launching its Archer Street project, Celine, and Develotek securing approval for a 34-storey tower.

First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans

Bridgewell Capital and SLD Development seem to be bullish on the Killara apartment market, filing plans for a second new development next to the Killara Golf Club.

The new plans are for 79 apartments across an amalgamated 4,989 sqm site on Buckingham Road.&nbsp;The project has been designed by BKA Architecture and is being assessed under the NSW Government's Low and Mid-Rise Housing and Infill Affordable Housing reforms. It is just 300 metres from&nbsp;Killara train station.

The majority of the apartments are three-bedrooms (46), with 23 two-bedroom apartments, seven one-beds, and three four-bedroom apartments. 17 of the apartments&nbsp;are proposed as affordable housing, representing 15 per cent of the project's gross floor area, allowing the development to access additional floor space and height incentives available under the NSW Housing SEPP.

There will be 131 resident and visitor car spaces, and more than&nbsp;1,450 sqm of communal open space. Landscaped areas would account for approximately 45 per cent of the site.

<img alt="Killara" data-entity-type="file" data-entity-uuid="75ef5ef7-a53b-4932-a8f1-38f63169eec9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%2011.04.00%E2%80%AFAM.png?VersionId=d_lG1A1StDaMQilljy25Fr8SF1BnAmKE" />

The site currently contains three detached dwellings and occupies a prominent position on the eastern side of Buckingham Road, with frontage to an area that has already begun transitioning towards higher-density housing. Existing apartment buildings of up to six storeys surround the site, while the Killara Golf Club forms its southern boundary.

The application has been lodged as a State Significant Development due to the affordable housing component and the scale of the project.

According to the design report, the proposal has been shaped by the area's evolving planning framework, which is encouraging greater housing density around transport infrastructure.

"The site sits along a growth area anticipated to undergo transformation in line with broader trends across New South Wales, driven by the implementation of the Low and Mid-Rise and Transport-Oriented Development State Housing Policies," the report states.

"Being within 800 metres walking distance to Killara Train Station, the project seeks to provide high-quality apartments designed for various family sizes, located in a vibrant landscaped setting."

The Upper North Shore suburb has become one of the most closely watched testing grounds for the NSW Government's housing reforms. A number of developers have moved quickly to consolidate sites around railway stations across suburbs including Killara, Lindfield, Gordon and Roseville, where the new planning settings are creating opportunities for apartment developments that would previously have been difficult to achieve.

The likes of Aqualand, Hyecorp, Holdmark and Vermont Property Group have projects in the region.

Bridgewell has several developments in the pipeline. Last September they submitted plans for <a href="https://www.apartments.com.au/news/nsw/bridgewell-capital-seeks-55-apartment-project-in-killara">55 new apartments</a> at&nbsp;23-25 Lorne Avenue in Killara, just the other side of Regimental Park from their new project. In May they filed for <a href="https://www.apartments.com.au/news/nsw/first-look-bridgewell-plots-120-apartments-and-childcare-centre-in-maroubra-town-centre">120 apartments in Maroubra</a>.

&nbsp;

&nbsp;

&nbsp;

First look: Bridgewell, SLD Development double down on Killara Golf Club

Sydney developer&nbsp;<a href="https://www.apartments.com.au/developers/central-element">Central Element</a>&nbsp;is doubling down in Drummoyne, lodging plans for a boutique apartment development on St Georges Crescent, only one-kilometre down the road from its first Drummoyne development, Bianca.

The new project at 15A-21 St Georges Crescent,&nbsp;a&nbsp;1,701sqm north-facing site overlooking Iron Cove, will have 45 apartmnts across 10 levels. Eight of the units will be dedicated to affordable housing.

The site sits within walking distance of Drummoyne Village, Birkenhead Point, ferry services and the Bay Run, and offers harbour views towards the Sydney Harbour Bridge and CBD skyline.

Designed by MHN Design Union, the development will deliver a mix of one, two and three-bedroom apartments, alongside resident amenity including a gym, landscaped communal open space and three levels of basement parking.

The project has been lodged under the NSW Government's Low and Mid-Rise Housing reforms, with Drummoyne Village identified as a town centre capable of accommodating additional housing supply.

Central Element acquired the site earlier this year as part of its continued expansion across Sydney's eastern suburbs, lower north shore and inner west.

The developer's current pipeline includes luxury apartment projects Pearl Bondi and a separate development on Lamrock Avenue in Bondi, a residential project in Barry Street, Neutral Bay, and a mixed-use seniors living community in Greenwich.

Central Element Managing Director Nathan Chivas said the project would address a shortage of new owner-occupier housing opportunities in Drummoyne.

"While we're seeing a significant shift across Canada Bay as major infrastructure investment, population growth and planning reform drive a new chapter for the region, in suburbs like Drummoyne there remains a genuine shortage of new boutique luxury housing opportunities for owner occupiers," Chivas said.

"Sites of this nature are increasingly difficult to secure, particularly those that combine a north-facing aspect with direct water outlook. Our St Georges Crescent project responds directly to the market demand, offering a level of exclusivity, outlook and lifestyle in the highly sought after suburb."

The development application has been lodged with the City of Canada Bay Council, with the project expected to launch to market in early 2027.

&nbsp;

Central Element seeks second Drummoyne apartment development

The NSW Government has unveiled plans that could deliver around 1,300 new homes across Nowra and Kiama, continuing its push to unlock housing in well-located regional centres along the South Coast.

The proposals, now on public exhibition, would pave the way for around 830 homes in Nowra and a further 450 homes in Kiama, while also introducing affordable housing requirements and increased building heights in key locations.

The larger of the two proposals is centred on Nowra, where the NSW Government is seeking to rezone land within the Mandalay and Riverfront precincts.

The Mandalay sub-precinct, located close to Shoalhaven Memorial Hospital, Nowra Library and the city's aquatic centre, could accommodate around 530 new homes. Around 30 per cent of housing delivered on Homes NSW-owned land would be dedicated to social and affordable housing, equating to roughly 100 homes. Building heights would increase from the current two-storey limit to between three and six storeys.

A separate rezoning proposal for the Nowra Riverfront Precinct would unlock a further 377 homes while creating stronger connections between the Shoalhaven River and the CBD. The plans include building heights ranging from five to 12 storeys, floor space ratios of up to 2:1 and a requirement for two per cent affordable housing.

Together, the two proposals would deliver more than 900 homes across the broader Nowra area, reinforcing the city's role as one of regional NSW's key growth centres.

The housing push builds on previous infrastructure commitments in the Shoalhaven, including government funding aimed at supporting thousands of future homes in West Nowra through upgrades to water and wastewater infrastructure.

Further north, the NSW Government is also progressing plans for the former Kiama Depot site, a two-hectare parcel near Kiama's town centre.

The rezoning proposal would transform the former industrial site into a residential community capable of delivering up to 450 homes. Buildings would range between six and eight storeys, with at least 10 per cent of homes allocated as affordable housing. The proposal also includes approximately 600 parking spaces and improved walking and cycling connections.

Planning Minister Paul Scully said the proposals are designed to increase housing supply in locations close to jobs, transport and services.

"For too long, families have struggled to find somewhere to live, and activating underutilised sites allows us to deliver the new homes these families need," Scully said.

"The Minns Labor Government is getting on with the job of unlocking well-located sites close to transport, jobs, and town centres and building the homes our communities need.

"These rezonings are about removing barriers to housing delivery and making sure land is put to better use so more people can find a place to call home within the communities they choose."

The latest rezonings form part of the Minns Government's broader strategy to accelerate housing delivery across NSW, particularly in established centres where existing infrastructure can support additional population growth.

Community consultation on the proposals is now underway, with feedback set to inform the final planning controls before the rezonings are determined.

Around 1,300 new homes earmarked for Nowra and Kiama as NSW Government pushes housing supply

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>

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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?

The Porter House Hotel, a distinguished landmark in Sydney’s CBD, has garnered significant acclaim at the AIA Architecture Awards NSW 2024, receiving both the Greenway Award for Heritage and the NSW Award for Commercial Architecture.

These accolades recognize the building’s exceptional blend of heritage preservation and innovative commercial design, marking it as a standout project in Sydney’s architectural landscape.

The Porter House Hotel earned the NSW Award for Commercial Architecture for its innovative design that integrates a heritage-listed building within a modern architectural framework.

"The Porter House Hotel offers a moment of visual clarity that stands out from all angles despite its position deep within the CBD of Sydney," the jury noted.

"Encompassing the heritage-listed Porter House within its podium, the design creates a conversation between heritage and modernity; one which occurs at multiple scales from touchpoint to tower."

<img alt="2024 NSW Architecture Awards - Porter House Award for Commercial Architecture" data-entity-type="file" data-entity-uuid="62ccfdf3-b2d6-4bb6-9157-d335bd47d0e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/01_The%20Porter%20House%20Hotel_Candalepas%20Associates_Rory%20Gardiner.jpg?VersionId=4bEqJsPaWUkY94dUVb3BG44ePgR9M.Dd" />

<a href="/architects/candalepas-associates">Candalepas Associates</a> demonstrated "an adroit commercial acumen, deftly managing the interaction of multiple typologies."

"Design thinking and commerciality are combined to enable the project’s realization in a pragmatic and competitive landscape, all the while enabling heritage renewal and contributing to the evolving life of Sydney’s CBD."

A pivotal aspect of The Porter House Hotel’s design is its ability to invite the public into its precinct.

"Thoughtful planning invites the public into the precinct, where ground-level activation contributes to and draws on the vitality of the city to enhance the overall experience of both," remarked the jury. "Expressive facades encourage curiosity and invoke architectural heritage and nostalgia for an urban grace that appears nearly lost."

[smartcode_project:default project_id=7758 project_image_fid=249129]

Regarding its recognition with the Greenway Award for Heritage, the jury stated that The Porter House Hotel "stands as a testament to meticulous heritage conservation and adaptive reuse."

Originally completed in 1883 as the ‘Dixson &amp; Sons’ tobacco factory, the building has transitioned over the years, accommodating various businesses before its transformation into a contemporary hotel.

The Porter House building has now taken on a new life as the Porter House Hotel, a 122-room hotel with suites, private event and conference rooms, and hospitality venues.

"The existing timber structural frame has been faithfully exposed with sensitively detailed augmentations," noted the jury. "Reconstruction of the entry-level ground plane, reinstatement of the original bald face facade and liberation from non-original awnings ensures clear legibility of the complete heritage item from the public domain."

[smartcode_project:default project_id=7758 project_image_fid=250517]

Unique hotel interventions and interior elements within The Porter House Hotel are choreographed as crafted elements, tuned in balance with the retained manufacturing building.

"A healthy dialogue is established between old and new, balanced and without overt subservience or dominance. Successful interpretive strategies to celebrate the site’s cultural richness include conservation and display of discovered artefacts, restored murals, and interpretive signage."

Adding to its prestige, The Porter House building is situated beneath <a href="/buildings/castle-residences-sydney-116-castlereagh-street-sydney">Castle Residences</a>, a contemporary development housing luxury apartments above, developed by <a href="/developers/united-development-sydney">United Development Sydney</a>. This integration underscores the building’s role not only as a cultural landmark but also as a dynamic contributor to Sydney’s residential and commercial sectors.

&nbsp;

&nbsp;

[smartcode_project_cta:default project_id=7758]

Adding to its prestige, The Porter House building is situated beneath Castle Residences, a contemporary development housing luxury apartments above, developed by United Development Sydney

mikah.m@urban.com.au

Porter House wins two categories at 2024 NSW Architecture Awards

In 2016, developer Hyecorp identified a prime location, the site of the Roseville RSL Club, which had been a fixture next to Memorial Park since the 1930s.

They envisioned transforming it into a boutique apartment building.

After extensive discussions with both the Roseville community and the local council to ensure the best outcome for the area, Hyecorp unveiled Juliet, 35 apartments above a redesigned ground floor club that will be more fine-dining than sticky floors with tired decor.

<a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>&nbsp;offers a point of difference in a suburb dominated by larger family homes, with very little supply of new apartments. Less than a third of housing in Roseville is apartments, and of those, only 30 per cent have more than two bedrooms.

Hyecorp has identified the gap in the downsizer market and has prioritized larger apartments, with nearly half of the Juliet apartments offering three or four bedrooms.

[smartcode_project:default project_id=7395 project_image_fid=278204]

Hyecorp had its sights set on the site due to its connectivity, being just 150 metres from Roseville Station, and proximity to nature with the adjoining Roseville Memorial Park.

Future Juliet residents will also find a variety of recreational and leisure options nearby. The Roseville Cinemas, Roseville Park Tennis Courts, and several parks and nature reserves are within a short distance.&nbsp;

The development’s strategic position also means that shopping and dining options are abundant, with Chatswood Chase, Westfield Chatswood, and The Concourse Chatswood all accessible within minutes.&nbsp;

Roseville Village, with its cafés, restaurants, and retailers, is just a five-minute walk away, offering a lively cosmopolitan experience within a serene setting.

<img alt="Juliet, Roseville - 64 Pacific Highway, Roseville map" data-entity-type="file" data-entity-uuid="2b8c228d-6057-4686-b49e-977e89c11dd6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Juliet%20Map.png?VersionId=24ESI29CjMBQWj6TvsgGB6_faIi7xzVK" />

For families, the suburb is home to several prestigious schools, making it a desirable location for those with educational priorities.

Roseville is renowned for its excellent educational options, including Lindfield Public School, Roseville College, Roseville Public School, Our Lady of Dolours K-Y6, and Mercy Catholic College, all within five minutes of Juliet.

Retirees will also have convenient access to several healthcare institutions within a few minutes drive including the North Shore Private Hospital, Royal North Shore Hospital and Mater Hospital.

&nbsp;

[smartcode_project:default project_id=7395 project_image_fid=278196]

Juliet, a collaboration between Hyecorp, the Roseville Memorial Club, and <a href="/architects/pbd-architects">PBD Architects</a>, comprises just 35 one, two, three, and four-bedroom apartments, many of which feature multipurpose and study rooms.&nbsp;

The development also includes a rooftop entertaining area with views across the local area and back to Sydney.

North Shore Property Construction has been appointed as the builder of Juliet.

[smartcode_project_cta:default project_id=7395]

Hyecorp had its sights set on the site due to its connectivity, being just 150 metres from Roseville Station, and proximity to nature with the adjoining Roseville Memorial Park

Juliet: One of the most connected apartment developments in the leafy Roseville

LK Property Group is approaching the sell-out of its Glen Iris townhouse development, Lori.

<a href="/new-apartments/lori-glen-iris-1610-malvern-road-glen-iris">Lori</a> has only two of its eight three-bedroom townhouses left, driven by demand predominantly from local buyers.

[smartcode_project:default project_id=114100 project_image_fid=246520]

<a href="/developers/lk-property-group">LK Property Group</a>, led by billionaire property developer and NBL owner Larry Kestelman, has partnered with award-winning architectural practice Megowan for the design of Lori.

The townhouses are situated on a sloping block, which allows for expansive views of the surrounding treescape through large picture windows.

The units feature high ceilings and full-length windows to maximise natural light and provide views of the preserved 100-year-old trees on the site.

Each townhouse includes three bedrooms across two levels and a secure, flexible garage space. The garage can accommodate and charge two cars or be used for business, artistic pursuits, or workouts.&nbsp;

[smartcode_project:default project_id=114100 project_image_fid=246531]

The development is also fully electric, emphasising a more renewable path and reduced environmental footprint for residents.

The construction of Lori by builder Immerse Constructions is well underway and is expected to be completed later this year, with move-in dates projected before Christmas 2024.

Read more:&nbsp;<a href="/news/vic/family-friendly-and-surrounded-by-nature-loris-supreme-location-in-glen-iris">Family friendly and surrounded by nature: Lori's supreme location in Glen Iris</a>

[smartcode_project_cta:default project_id=114100]

New Glen Iris townhouse development Lori approaches sellout ahead of Christmas move-in

Palm Beach is in very much in vogue, and everyone's charging toward the beachfront.

While Sherpa and Ignite recently secured sites on the eastern side of the Gold Coast Highway, now 5Point, who is currently both developing and building Ophira just a few doors down, has more plans for the beachfront.

They've secured a prime 824 sqm site at 171-173 Jefferson Lane where they've submitted plans for Palm Shores, a nine-level building with 16 apartments.

<img alt="5Point" data-entity-type="file" data-entity-uuid="4bc4dda4-5bb4-47eb-91e9-4d96827914e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-01%20at%2011.15.59%E2%80%AFAM.png?VersionId=onVnq7rtwpYt8T93VQg45Avwb8jwWTvh" />

The proposed project by <a href="/architects/plus-architecture">Plus Architecture</a>&nbsp;will have three and four-bedroom apartments, a market 5Point has doubled-down on in the last 12 months. The apartments will sit above three levels of basement, enough parking for 40 cars.

Plus said in the documentation submitted to the Gold Coast City Council that "it's all about the view."

"Put simply, water + sand," Plus wrote.

They said the crafted curves create a visual story of the site and the connection to the sand. The facade will feature grooved concrete panelling and prefinished metal fins to create a striking exterior.

<img alt="​​​​Jefferson Lane podium" data-entity-type="file" data-entity-uuid="6bf9c26e-e83a-4692-9f53-7e87d9a43f99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Jefferson%20Lane%20Palm%20Beach%20podium.png?VersionId=mV3TvOeETK9ItCqKjZnu_HZtnVt1WcAg" />

The ground level of Palm Shores will home to two beach house-style units that will span two levels. Three-bedroom, half-floor apartments run from level three to the penthouses that start on level eight. They each have four bedrooms and their own private rooftop terraces with a swimming pool and outdoor dining area.

The apartments will range in size from around 156 sqm to 250 sqm, each featuring private open balconies off the living, kitchen, and dining areas, oriented towards the east to capitalise on oceanfront views.

The resident amenity will be on the ground level and include a pool, landscaping, deck areas, and day beds, oriented to receive sunlight throughout the year.

<img alt="171-173 Jefferson Lane cos" data-entity-type="file" data-entity-uuid="c74f492a-89ec-47c0-b228-7ef40f1cfcf3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Jefferson%20Lane%20Palm%20Beach%20cos.png?VersionId=1Tn7gomBLJWw.WLo0Tk.foGD8pDau_fe" />

<a href="/landscape-architect/zone-landscape-architecture">Zone Landscape Architecture</a> has integrated planting elements within the built form, including a canopy tree as a key landscaping feature at the ground level.

The proposed development at Jefferson Lane is part of 5Point's broader strategy to contribute to the region's housing targets, as outlined in the ShapingSEQ 2023 plan, which emphasises the need for high-rise residential developments on the Gold Coast.

Recently Ignite swooped on a Palm Beach site that will bring a further 36 apartments to the in-demand market later this year.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-ignite-projects-head-back-to-palm-beach-beachfront-with-latest-apartment-development">First look exclusive: Ignite Projects head back to Palm Beach beachfront with latest apartment development</a>

The proposed project by Plus Architecture will have three and four-bedroom apartments, a market 5Point has doubled-down on in the last 12 months



5Point go again in Palm Beach with Palm Shores apartment development

Royal Far West (RFW) has officially commenced construction of its beachfront development, breaking ground today on the Manly beachfront site with construction partner Multiplex, to help support the organisation’s mission of improving the health and well-being of country children nationwide.&nbsp;

Following the completion of early and enabling works at the development to be known as Aurora Manly, a smoking ceremony and sod-turning ceremony took place on the future site and was attended by Zali Steggall OAM, Member for Warringah, and internationally renowned architects Glenn Murcutt AO and Angelo Candalapas who were commissioned by RFW to design the RFW Neighbourhood.&nbsp;

<img alt="Royal Far West and Multiplex break ground, Manly" data-entity-type="file" data-entity-uuid="1c1cf118-d41f-4468-88ab-457e8c42ac7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2024_06_28_MPX_RFW_Sod-001.jpg?VersionId=UHAHII9sfZ1dtZFKP9Up9OH0v6D6VSkk" />

The Manly-based charity is a specialist child development service that provides vital paediatric and allied health services and support to country children to enrich their development. For nearly 100 years, RFW has welcomed children and their families to their Manly facility for health treatment, while also pioneering telehealth services to remote areas across Australia.&nbsp;

The development of Royal Far West’s land is a bold new approach to future-proof the sustainability of the charity and its ability to gift vital paediatric health services, in response to the growing need from country children and families who are unable to access vital services in the bush. &nbsp;

Royal Far West appointed Multiplex as the construction partner for the RFW Neighbourhood in February 2024, and the development comprises waterfront apartments, revitalised accommodation for country and families as well as a blend of retail, commercial and lifestyle-related spaces. The development underscores the commitment by RFW to deliver an iconic neighbourhood to support healthy country children as well as provide amenities to the northern beaches community.&nbsp;

In the last decade, the number of children and families RFW has supported has increased exponentially with a 69% increase in beneficiaries in 2023 alone, and the need for support continues to grow. Currently, children in regional and remote Australia are waiting up to six years to see a paediatrician or there are no services at all. This, coupled with compounding natural disasters, such as bushfires and floods, has seen the number of country kids in need of developmental and mental health services drastically increase. &nbsp;

<img alt="Aurora Manly" data-entity-type="file" data-entity-uuid="aa9547cf-b65e-4b64-a573-5be8088c26fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/RFWxMultiplexDevelopment_ExteriorCornerRender.jpg?VersionId=mURBec6Jz55ISUxUPV7bznnK_2XH2sSw" />

Joan Treweeke OAM LLB, RFW’s Board Chairman, says this development is an important step towards securing the future for Royal Far West and Australia’s country kids.&nbsp;

“At Royal Far West we have been proudly delivering health services from our home in Manly for almost 100 years, and this development will play an important role in ensuring we can continue to gift essential healthcare to those most in need for another 100 years to come," Treweeke said.&nbsp;

“Where you live should not be a barrier, nor a cause for disadvantage, yet 190,000 children in rural and remote Australia have health and development needs that are not being met. Royal Far West aims to &nbsp;bridge this gap, to ensure that all country children can reach their full potential.”&nbsp;

Multiplex’s NSW Regional Managing Director, David Ghannoum, said Multiplex was looking forward to partnering with RFW to deliver the development for the charity, for purchasers and the community. &nbsp;

“We’re delighted to mark the start of construction and are proud to be delivering this world-class development for the charity, enabling them to bolster their services and expand their impact for country kids. We look forward to progressing on site and leaving a legacy that will benefit generations to come.” &nbsp;

The development of Royal Far West’s land is a bold new approach to future-proof the sustainability of the charity and its ability to gift vital paediatric health services, in response to the growing need from country children and families who are unable to access vital services in the bush

Royal Far West and Multiplex break ground on Manly apartment development

Multi Master Builders Victoria award-winner,&nbsp;Brompton Construction, has officially commenced construction on Abadeen's Malvern East apartment development, Malea.

<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a> will bring seven luxury apartments to this sought-after area.

[smartcode_project:default project_id=141969 project_image_fid=222388]

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“<a href="/developers/abadeen-group">Abadeen</a>&nbsp;chose Maléa because of its incredible location opposite Central Park in the beating heart of&nbsp;<a href="/developments/malvern-east-vic-3145">Malvern East</a>," Andrew Leoncelli, who runs Abadeen's Victoria arm, says.

"We are committed to delivering a project of exceptional quality in this dynamic and thriving community across from one of the great heritage parks moments from all the very best that&nbsp;<a href="/developments/melbourne-vic" target="">Melbourne</a>&nbsp;has to offer."

[smartcode_project:default project_id=141969 project_image_fid=222389]

&nbsp;

Designed by <a href="/architects/ewert-leaf">Ewert Leaf</a>, Malea focuses on maximising the garden-centric atmosphere characteristic of Malvern East.

The development is targeting a 6.5-Star Green Energy Rating and will feature three garden terraces designed by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick and Associates</a>, promoting an indoor-outdoor living environment.

[smartcode_project:default project_id=141969 project_image_fid=222406]

<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>&nbsp;is strategically located within walking distance of the vibrant <a href="/developments/malvern-east-vic-3145">Malvern East</a> village, providing residents with easy access to local amenities and community hubs.

<a href="/builders/brompton-construction">Brompton Construction</a>&nbsp;is expecting to complete the building in late 2025.

[smartcode_project_cta:default project_id=141969]

Brompton Construction is expecting to complete Maléa in late 2025.



Abadeen break ground Malvern East apartment development, Maléa

Prominent Sydney builder-developer Urban Property Group was the first developer in the country to take out the new 10-year Latent Defects Insurance offered by Resilience Insurance.

The insurance is proving to be a major drawcard for off-the-plan apartment buyers due to its dual benefits. There are frequent site and build inspections to ensure faultless construction. Additionally, should any structural defects arise upon completion or within the next 10 years, the insurance covers any out-of-pocket expenses buyers might face.

Since including the policy on their Parq Bexley project, Urban Property Group has taken it out on their new Macquarie Park development La Vera, and they're not stopping there.

[smartcode_project:default project_id=134951 project_image_fid=223715]

The state-wide developer is putting the product in front of more off the plan buyers than anyone in Australia. They'll be the first to offer the policy on new apartments in Penrith, at their Mayfair by Penrith precinct-style development, as well as the first in the prized Eastern Suburbs beachside market where they're building it into their feasibilities for Coast in Little Bay.

"Anything we can do to give confidence in our product is a plus," Urban Property Group CEO Patrick Elias told Urban.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They're making their single large investment, which is their home, and providing confidence is something that we feel is paramount."

Urban Property Group, which has developed thousands of new dwellings across Sydney over the last 35 years, was also an early adopter of the iCIRT rating system.

"The two complement each other and show prospective buyers there's no risk buying with us," Elias added.

"Having the policy doesn't change our product, it just changes the mindset of the purchaser. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share."

Read more:&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

Urban Property Group recently took over the development of Central Coast Quarter from St Hilliers. Elias says one of the advantages of LDI that benefits both buyers and developers is the incremental inspections that are undertaken by experts.

"If for whatever reason a developer or builder goes into administration, there's a third-party, independent record of what's been built to date, which is an important factor for both buyers who have bought into a development as well as a developer or builder taking over a project. It assures build quality throughout the process."

Urban Property Group's next development to launch with Resilience LDI will be <a href="/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith">Mayfair</a> in Penrith, their sixth and final development in the Thornton precinct.

The two-building development will comprise around 287 apartments by SJB, with the&nbsp;two-level colonnade reminiscent of Sydney's GPO building. The apartments will sit above significant retail on the&nbsp;large 8,280 sqm, Lord Sheffield Circuit site opposite the Penrith Station.

<img alt="Mayfair" data-entity-type="file" data-entity-uuid="fa181e55-fe1a-47c8-b503-a47abaf20b07" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-26%20at%2010.58.29%E2%80%AFAM.png?VersionId=V8LWOz22ZEkl6lx5zywWW3GmU3AHqI4k" />

Urban Property Group is also expecting to be offering the policy to buyers at Coast, their Little Bay apartment development they're hoping to launch early next year. It will be the first beach suburb to have LDI.

Coast will have around 75 apartments across three low-rise buildings on over one hectare of bushland at 11 Jennifer Street.&nbsp;

The project designed by <a href="/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis Architecture</a> adopts the courtyard apartment type, which Hill Thalis founding principal Philip Thalis says is puzzlingly rare in Australian cities, despite its suitability to the climate and long architectural traditions of sociability.

<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,&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">click here</a>.

Urban Property Group to take 10-year Latent Defects Insurance to Penrith and the Eastern Suburbs: Five minutes with Patrick Elias

Luxury developer Fortis is mixing up their Newstead, Brisbane project.

Fortis, who operate across the luxury apartment and commercial markets in Sydney and Melbourne, had been tinkering with the <a href="/new-apartments/12-kyabra-street-newstead">Kyabra Street site</a> since they acquired it for $5.775 million in early 2022 when it came with approval for an 11-level timber officer tower.

In February they sought to change the design of the building to create something more inkeeping with local architecture.

But now those plans are likely to be moot, given the recently submitted plans for a bureau^proberts&nbsp;designed building with 65 apartments. The architecture firm suggested in the planning documents that the new proposal both better aligns with changing market conditions and the local architectural context.

<img alt="12 Kyabra Street, Newstead" data-entity-type="file" data-entity-uuid="d8d0336a-66ec-4ffc-b538-a313fbd73f9f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kyabra%20St%20front.png?VersionId=1IW.4oGgwYOjBzRp686rKN_q53eHH8Gk" />

"The iconic form is a contribution to the future skyline of Brisbane and responds to the changing identity of its inner-city suburbs,"&nbsp;<a href="/architects/bureauproberts">bureau^proberts</a>&nbsp;noted in their design statement.

"Situated in an ‘inner city sustainable growth precinct’, 12 Kyabra St’s contribution of an increase in housing is in line with the precinct planning laid out by the Brisbane City Council."

They said the tower is anchored by a solid brick and masonry podium, softened by lush planting.

"The materiality pays homage to the iconic brick warehouses that define Newstead’s identity. This historical reference anchors the development in its context and provides a sense of recognizable identity to the streetscape."

The new 22-level tower will now house a mix of 54 two-bedroom and 11 three-bedroom apartments.

<img alt="12 Kyabra Street, Newstead podium" data-entity-type="file" data-entity-uuid="b36e3fb2-1767-4ad9-b550-0dc4642082f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kyabra%20St%20podium.png?VersionId=UARmPNYtzZXkD1R23qrpeqY22anvZx3g" />

Vertical greenery and strategic screening will provide privacy while offering views of the city and river.&nbsp;

The building’s profile is slightly angled to capture long-term view lines to the CBD and allow filtered light into the apartments.&nbsp;Residents will also be provided with a rooftop and outdoor space with views of the CBD and the Brisbane River.

Fortis, the development arm of funds manager Pallas Capital, is currently developing its first Brisbane development, on the water at Kangaroo Point.

<a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">River House by Fortis</a> features 14 full-floor apartments, each with 260 sqm of internal space, across a 14-level building on O'Connell Street.&nbsp;

In Melbourne they've been active too, <a href="/news/vic/fortis-launch-mixed-use-richmond-development-wiltshire-house">recently launching Wiltshire House in Richmond</a>.

First look exclusive: Fortis flick offices to apartments in Newstead 

Renowned Gold Coast construction firm Greyburn is making significant headway on the luxury Isle of Capri villa development, Capri.

Greyburn poured the initial concrete slabs for the villas this week, a major milestone in the build of the 48 villas that make up the 1.12-hectare gated community being delivered by&nbsp;<a href="/developers/monaco-property-group">Monaco Property Group</a>.

Over the next six weeks, work will focus on developing the internal roads and constructing the external walls of the villas which are part of the first&nbsp;major residential project on the <a href="/developments/isle-of-capri-qld-4217">Isle of Capri</a> in over 30 years.

[smartcode_project:default project_id=139511 project_image_fid=280882]

Designed by <a href="/architects/plus-architecture">Plus Architecture</a> and <a href="/architects/bda-architecture">BDA Architecture</a>, Capri offers two and three-level villas centred around resort-style amenity including a pool with submerged lounge chairs, a sundeck, an outdoor dining terrace, a covered barbecue area, and a lounge equipped with a kitchen, bar, TV, lounge, and fireplace.

The gated community is strategically located, providing residents convenient access to Southport’s private schools, Broadbeach’s dining and entertainment precinct, Bundall’s commercial centre, and the HOTA arts precinct.&nbsp;

[smartcode_project:default project_id=139511 project_image_fid=213450]

It is also within 800 metres of the cafes, restaurants, and shops at Capri on Via Roma, including Harris Farm Markets.

Capri has proven particularly attractive to empty nesters, with most sales to date made to downsizers from nearby suburbs.&nbsp;

Construction of Capri is track for completion in late 2025.

[smartcode_project_cta:default project_id=139511]

Construction advances at luxury Isle of Capri villas

Leading Australian integrated property development group, Aqualand, has today formally opened its greatly anticipated <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> mixed-use precinct.

Project delivery partners, stakeholders, staff and special guests joined the Mayor of North Sydney, Zoë Baker, <a href="/developers/aqualand-australia">Aqualand</a> Group Managing Director, Jin Lin, and Aqualand Group Executive Chairman, Warwick Smith AO, for the ribbon-cutting ceremony at the new development at&nbsp;168 Walker Street, North Sydney, which was followed by a celebration in the new project precinct.

Towering 28 storeys above the streetscape, and commanding stunning views of Sydney Harbour, the striking $1 billion&nbsp;<a href="/architects/woods-bagot">Woods Bagot</a>-designed mixed-use residential community features 386 luxury apartments above a richly landscaped community precinct, including a two-storey curated food and beverage podium with four world-class venues operated by their hospitality business, Etymon Projects.

The landmark building is Sydney’s latest example of architecture as sculpture, a category that includes some of the city’s most memorable buildings, including the Sydney Opera House, Barangaroo House and Darling Harbour’s The Exchange.

<img alt="AURA by Aqualand ribbon cutting" data-entity-type="file" data-entity-uuid="613b3d64-3355-46dc-8c49-ba8c972539a4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/DSC03116.jpg?VersionId=jkbTzh7xg_XWekAp_8SyzeWunSSy7KnE" />

AURA’s gracefully undulating organic shaped facade creates the illusion the single structure is divided into four separate towers, with staggered peaks stepping down from level 29 to level 23. Its distinctive hourglass shape cinches in at the level-nine ‘waist’ of the building, where the resident’s community centre is located.

Architect Jason Fraser, Principal at Woods Bagot, sought inspiration from the eroded sandstone forms of Sydney Harbour’s water’s edge and the ever-changing play of light on the water, with its ground plane featuring the same natural sandstone seen all through the prestigious suburb, to integrate the building into the unique landscape.

Delivered by Aqualand’s internal construction arm, <a href="/builders/aqualand-australia">Aqualand Construction</a>, work on the project commenced in January 2020 and saw hidden luxury inclusions built into every layer of the building’s fabric to future-proof the structure, rather than just expressed via the visible fixtures and fittings.

AURA’s luxury oversized apartments exceed the minimum building requirements, with the standard size for a two-bedroom apartment in the area measuring 80sqm, whereas AURA’s measure 95sqm, plus a wintergarden, making them well over 100sqm in total.&nbsp;

<img alt="AURA by Aqualand worm view" data-entity-type="file" data-entity-uuid="81d90657-b28e-4119-81a5-d3fd43253fc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/aura-dslr-26.jpg?VersionId=B_F.ccdZjgQbnhJfqE5kFmRwtOxgnYzx" />

Residents are set to benefit from an elevated luxury lifestyle with amenities including a dedicated concierge service, wellness centre with gym equipped with world-leading fitness technology brand TechnoGym, pool and spa. A glamorous rooftop area offers a sky sun deck, private dining spaces, barbecue and kitchen space for year-round al fresco entertaining.&nbsp;

The community centre includes working and entertaining amenities, including a cinema room.

Luxury inclusions include the integration of the latest technology, including provisions to charge electric vehicles. A pool of Tesla share vehicles is available for residents to hire, all apartments have full fibre nbn internet connections, and Wi-Fi hot spots have been installed in common areas throughout the entire building.

Crowning the tower are the <a href="/interior-designers/richards-stanisich">Richards Stanisich</a>-designed Aqua and Prima penthouses, which share the entire 28th level. The largest penthouse, Aqua, features a master suite, complete with substantial walk-in dressing area and ensuite, three other bedrooms, second ensuite &nbsp; and another bathroom, powder room, open plan kitchen, scullery, substantial dining area and generous living room divided by a feature fireplace, and a multifunction wintergarden, which is ideal for a study and adjoining office breakout space.&nbsp;

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To assist residents with their lifestyle needs, Aqualand has appointed Etymon Concierge to deliver tailored specialised concierge services onsite, as well as premium bespoke lifestyle management.

Whilst these traditional concierge services will be provided to all AURA residents as part of their strata, such as the booking of amenities, including the pool, gym, rooftop Sky Deck, community room, meeting rooms and other bookable spaces - either face-to-face or via a dedicated app - two more bespoke layers of services will be available at additional cost. 
Known as Concierge Now, the second tier offering includes the sourcing and management of specialist services such as dinner party organisation, the curation of a wine cellar, or executive assistant expertise, for instance.

The top-tier lifestyle management service, known as Black Key, is by invitation only and provides the ultimate in bespoke personalisation. This could include a range of everyday discrete services, from having groceries delivered, pets fed or plants watered, dinners or snacks and coffees ordered and delivered, recommendations on touring cultural events, including ticket sourcing, right up to organising visas and airfares for international travel. &nbsp;&nbsp;

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AURA’s extensive podium level retail precinct provides residents with a curated shopping and dining destination on their doorstep, including Sol, a bakery, café and wine bar; Una, an artisanal providore; Soluna, an LA-inspired all-day diner and bar; and Genzo, a Japanese restaurant. A network of landscaped laneways welcomes visitors into the precinct.&nbsp;

Aqualand’s collaboration with award-winning landscape architects, <a href="/landscape-architect/turf-design">Turf Design Studio</a>, has resulted in a ground plane design that successfully integrates the project with the unique local environs of the characterful suburb.&nbsp;

This landscape design was recently embellished with the installation of the site-specific public art piece titled ‘landscape’ by UK artist Richard Sweeny, which graces the Walker Street entrance to the precinct.&nbsp;

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<a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> represents the fifth residential project delivered by Aqualand since the company’s launch in 2014, and today joins a portfolio of other completed luxury projects, including BLUE at Lavender Bay in Milsons Point and The REVY at Darling Island.

Jin Lin said the project’s completion in time for Aqualand’s tenth anniversary was fortuitous as it perfectly showcases what Aqualand has come to stand for over the last decade.

“We’ve achieved some remarkable milestones over the past 10 years, but really, we’re only at the start of our journey, and the future looks extremely promising," Jin Lin said.

"AURA stands as testament to us delivering on our objectives, which is to be the leader in positively transforming Sydney and our local communities through design excellence.&nbsp;

“We’re committed to collaborating with the world’s finest designers and delivery partners and have an unwavering commitment to design excellence and delivering the highest build quality possible. We exist to provide a new sense of place for people to live, work and play, with an enriched lifestyle at all levels, and AURA perfectly demonstrates all of these attributes."

Jin Lin said delivering AURA has been an incredibly challenging and rewarding experience for everyone Aqualand.

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"AURA will be home to more than just its residents. It’s set to become a North Sydney hub with its world-class retail spaces and the deep commitment invested in the suburb’s vibrancy and night-time economy through these venues.

“As the sole developer and builder of the state significant Central Barangaroo precinct, potential buyers there can now look to AURA as a living and breathing exemplar of what they can expect to us to deliver there. They can see the understated luxury we stand for first-hand, and this is incredibly rewarding."

Aqualand’s Head of Sales and Marketing, Alex Adams, said AURA’s completion is the start of an exciting new phase in the project’s customer journey.

“AURA is no longer an off-the-plan project. It’s now complete and move in ready. This removes any uncertainty in a potential buyer’s mind about purchasing off-the-plan, as they now have no doubt about the build quality. They can now see and feel the construction standards we insist on first-hand," Adams said.

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“As our clients start to take move into their amazing new residences soon, potential buyers can visit the brand-new sales showroom at the Walker Street entrance and book a tour of the beautiful display apartments, which are fully furnished by Space Furniture to choose the layout that best suits them. They can also now see the incredible resident facilities and experience the amazing hospitality venues in the podium levels. AURA’s unique contribution to the broader North Sydney community is now clearly evident.

“We’ve seen outstanding sales already for AURA, which is testament to our clients’ trust in us. We achieved $100 million in sales in February alone, with the outstanding figure breaking the North Shore record for the highest sales volume and revenue achieved in one non-launch month."

Adams says&nbsp;AURA’s sales performance is a key indicator of the robust luxury market, coupled with a dire shortage of luxury stock and persistent rental shortages adding further pressure.

"Our buyers understand AURA really is incomparable to any other projects on the north shore for so many reasons, including its close proximity to so many top-tier private schools being just one on a long list of unique selling points."

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Aqualand Managing Director Jin Lin said the project’s completion in time for Aqualand’s tenth anniversary was fortuitous as it perfectly showcases what Aqualand has come to stand for over the last decade.

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