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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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 not too much more opportunity to develop in Rainbow Bay.

The popular area in <a href="/developments/coolangatta-qld-4225">Coolangatta</a>, named after the beach facing the famous surf break, has gone through a transformation in the last few years, with low-rise, 1960s buildings making way for new luxury apartment projects by several notable developers.

But Newmil Developments, run by Chris Newman and Mark Milton, has carved out 546 sqm on Eden Avenue, one row back from the beach, where they're planning a luxury owner-occupier building.

They've had Stuart Osman Building Design put the plans together for <a href="/new-apartments/dayana-on-eden-coolangatta-41-eden-avenue-coolangatta-qld-4225">Dayana on Eden</a>, just eight full-floor apartments across a nine-level, code-assessable building.

The six three-bedroom apartments offer around 220 sqm of internal living space, while the sole two-bedroom unit, on the ground-level, has 140 sqm and sits next to the communal resident pool.

The penthouse sprawls across two levels and has four bedrooms and a private rooftop terrace with a swimming pool.

<img alt="Coolie" data-entity-type="file" data-entity-uuid="dca3c82d-8c58-4f1e-b313-f0a6a89c4cca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%203.03.16%E2%80%AFPM.png?VersionId=7GrCOnggwWX2.NP7mWQWQFsDeDzRZPEC" />

The Town Planning Report by HPC sugested the&nbsp;proposal delivers a high-quality residential development, that is responsive to its context and enhances the character of Rainbow Bay.

"The development optimises the site location in proximity to a range of community and social infrastructure and introduces a high-quality urban infill development which increases housing stock in the locality.

"The design compliments the subtropical, coastal nature of the area with design and serves to contribute to the built vernacular of the Coolangatta area."

<img alt="Coolangatta" data-entity-type="file" data-entity-uuid="fd75de69-03d5-4fcc-a413-4d72ca0a76a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%203.02.50%E2%80%AFPM.png?VersionId=vrarNbraHZCzgHTSAVUgdUP5DKM_6cH9" />

The building will place a two-level, three-unit brick walk up that had been in the same family since 1980 when it cost $125,000.

Eden Avenue is where Arium, the new development company of Sunland founders the Abedian's, is planning to turn the Greenmount Beach Hotel <a href="/news/qld/first-look-exclusive-abedian-family-completely-redesign-greenmount-beach-hotel-redevelopment-in-coolangatta">into a two-tower project designed by 111 Studio</a>.

Eden Ave is just one row back from Marine Parade, where architect turned developer Joe Adsett is creating&nbsp;<a href="/new-apartments/rockpool-rainbow-bay-154-156-marine-parade-coolangatta">Rockpool Rainbow Bay</a>.

Eden Avenue is where Arium, the new development company of Sunland founders the Abedian's, is planning to turn the Greenmount Beach Hotel into a two-tower project designed by 111 Studio

First look: New full-floor apartments pitched for Rainbow Bay

Sydney developer Coronation Property has hit the home straight at its Merrylands mega-precinct, Mason &amp; Main.

They've just released a two-bedroom display apartment in their <a href="/buildings/mason-main-merrylands-245-merrylands-road-merrylands-nsw-2160">latest placemaking project</a> in Sydney's west.

The apartment gives prospective buyers a real-life look at exactly how the apartments, currently under construction, will be finished.

<a href="/developers/coronation-property">Coronation</a>&nbsp;is expecting construction to complete by the end of the year, with buyers moving in shortly after.

We recently went down to Mason &amp; Main to check out the fully furnished display apartment.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/mW-jADz8zKY?si=MjAHmlYGMbf2ebeB" title="YouTube video player" width="560"></iframe>

[smartcode_project_cta:default project_id=31751]

Coronation is expecting construction to complete by the end of the year, with buyers moving in shortly after

mikah.m@urban.com.au

Inside Mason & Main Merrylands: Urban's display apartment tour of Coronation's latest placemaking project

In Australia, capital city markets typically quieten down over winter as developers, agents, and prospective buyers gear up for the spring and summer selling seasons.

That's not the case in the Gold Coast however. In fact, it's the complete opposite.

Especially since the pandemic, the Gold Coast garners national attention during the colder months, more so than the entire year, except perhaps for the Christmas holiday season in December and January.

Developers are acutely aware of the limited apartment supply on the Gold Coast and are poised to bring apartments to market as soon as they can.

We've compiled a list of the top apartment developments to watch for in the second half of 2024

<h2>Who: Siera Group</h2>

<h2>Where:&nbsp;8 Enderley Avenue, Surfers Paradise QLD 4217</h2>

<h2>What: 54 two and three-bedroom apartments</h2>

Burgeoning apartment developer Siera Group will launch its third local apartment development since breaking onto the Gold Coast development scene in 2021 with their debut project Tapestry.

Siera Group, led by founder and managing director Brent Thompson, is gearing up the launch of its <a href="/new-apartments/exhale-surfers-paradise">Enderley Avenue project</a>, just off Northcliffe Beach. The approved project designed by <a href="/architects/bda-architecture">BDA Architecture</a> will comprise 54 apartments across a 25-level building, a maximum of three apartments per floor.

[smartcode_project:default project_id=112661 project_image_fid=283645]

There will be two levels of amenity, with the lower level hosting a communal mezzanine with a spa, gym and sauna, and the upper level with a lap pool with pool deck, barbecue alfresco space, a private dining area with a bar and cellar room, a games room, and a space with work from home facilities.

Thompson believes the majority of buyers at Enderley will be local downsizers.

"We want to really elevate the liveability factors of an apartment for a downsizer, and we think, on top of larger sized apartments with good design, we can do that with extensive amenity," Thompon says.

<h2>Who:&nbsp;Aniko Group</h2>

<h2>Where:&nbsp;14 Seaview Avenue, Mermaid Beach QLD 4218</h2>

<h2>What: The Landmark - 821 one, two, three and four-bedroom apartments across four towers</h2>

The much anticipated $2 billion, four-tower Mermaid Beach precinct by&nbsp;<a href="/developers/aniko-group">Aniko Group</a> is expected to be available to buy into this year.

The precinct-style development, dubbed&nbsp;<a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The Landmark</a>, will spread across a prime 1.1-hectare site&nbsp;on the corner of the Gold Coast Highway and Seaview Avenue. It will comprise residential, hotel, retail, hospitality, and commercial spaces, as well as significant amenities for future residents.

<img alt="Aniko Group plot launch of four-tower Mermaid Beach development The Landmark after council approval" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202023-12-21%20at%208.52.38%20am.png?VersionId=LH3TYGiiRfDZ_P4X1joSmzWrL82.4xhs" />

The Landmark, designed by Plus Architecture, will deliver a collection of 821 apartments, over 10,000 sqm of A-grade commercial office and medical space and a vibrant new casual fine dining and beverage precinct on the ground floor.

<a href="/developers/aniko-group" target="">Aniko</a>’s vision for&nbsp;The Landmark&nbsp;is to create a new lifestyle and tourism heart for&nbsp;<a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>&nbsp;that will leverage its prime location as the southern gateway to the heart of the Gold Coast’s bustling central beachside suburbs.

<a href="/developers/aniko-group">Aniko Group</a>&nbsp;Managing Director&nbsp;George Mastrocostas said The Landmark&nbsp;will have every conceivable amenity on site for residents, hotel guests and office tenants while being just a short walk to everything that&nbsp;<a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>&nbsp;and nearby&nbsp;<a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>&nbsp;have to offer.

“Residents will have access to facilities they are more likely to find in a holiday resort while hotel guests will have ready access to everything the Coast has to offer from the beach to shopping and theme parks.”

<h2>&nbsp;Who: Macquarie York</h2>

<h2>Where:&nbsp;50 Sunset Boulevarde, Surfers Paradise QLD 4217</h2>

<h2>What:&nbsp;42 two and three-bedroom apartments</h2>

Roy Skaf's <a href="/developers/macquarie-york">Macquarie York</a> will launch its Sunset Boulevarde tower later this year, having secured approval for the riverfront building in April.

The 17-level tower at 50 Sunset Boulevarde, a 1,057 sqm riverfront block on the Nerang River facing <a href="/developments/chevron-island-qld-4217">Chevron Island</a>'s Home of The Arts building, will home 42 two and three-bedroom apartments, as well as a three-level, four-bedroom penthouse.

<img alt="Macquarie York secure approval for new Surfers Paradise apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/50%20Sunset%20Bvd%20Surfers%20Paradise.jpg?VersionId=AtiCmJhE3qMpYlsaNO7Zgpi4uhAhzJHJ" />

Each floor up to level 15 will accommodate just three apartments, varying in size from 96 sqm to 129 sqm.&nbsp;

Among the amenities planned for residents is a dedicated recreation level on the second floor boasting a swimming pool, lounge area, BBQ space, gym, sauna, steam room, and work-from-home office space complete with desks and a boardroom.&nbsp;

<h2>Who:&nbsp;Amalgamated Property Group</h2>

<h2>Where:&nbsp;42-46 Chelsea Avenue, Broadbeach QLD 4218</h2>

<h2>What:&nbsp;Affinity Broadbeach - 185 two and three-bedroom apartments</h2>

The Canberra-based apartment developer <a href="/developers/amalgamated-property-group">Amalgamated Property Group</a> is looking to launch its second Broadbeach apartment development.

Currently building Amaya on First Avenue, APG has its sites set on revealing its next tower, <a href="/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity Broadbeach</a>.

The 1,820 sqm Chelsea Avenue site, just 700 metres from&nbsp;Nikiforides Park was bought from Raptis with approval for a 41-level Archidiom-designed tower with 180 apartments.

APG has tweaked the plans, bringing in DBI to change the product mix, instead now offering 148 two-beds and 37 three-bed apartments, a total of 185 apartments.

The recreational amenities for residents will be situated on the fourth level, offering a range of facilities such as a swimming pool, residents' lounge, community living area with barbecue and outdoor dining space, gardens, gym, sauna, and a yoga/meeting room.&nbsp;

<h2>Who:&nbsp;Pyco</h2>

<h2>Where:&nbsp;10 Churchill Street, Coolangatta QLD 4225</h2>

<h2>What:&nbsp;Kirra Beach Residences - 97 two and three-bedroom apartments</h2>

The Brisbane-focussed developer&nbsp;<a href="/developers/pyco-group">Pyco</a>, is breaking into the Gold Coast with its maiden apartment development, Kirra Beach Residences.

Pyco Founder Lachlan Cottee says the project, 97 apartments across a 14-level building just one row back from Kirra Beach, will launch later this year. The owner-occupier development, made up of 79 three-beds and 18 two-beds, is set to be incredibly popular in an area that has been starved of supply.

<img alt="First look exclusive: Coolangatta's newest apartment tower plans revealed" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-01-19%20at%2012.10.00%20pm.png?VersionId=dCEUdKyBg9TUoWj3pxsC_2vFf713_bmn" />

The three-bedroom apartment sizes start from 113 sqm.

The resident amenity on the ground floor, set back from the street and elevated, includes a swimming pool, gym, sauna, resident work from home office space, and a media room.

Pyco has amalgamated four sites,&nbsp;10 and 12 Churchill Street, 17 Miles Street and 51 Winston Street, to create the 2,044 sqm site for the project.

Architecture firm DAHA said in their design statement submitted with the application to the Gold Coast City Council that their approach creates a space that complements the natural beauty of the Gold Coast landscape whilst elevating the experience of beachside living.

<h2>Who: Ignite Projects</h2>

<h2>Where: 1177 Jefferson Lane, Palm Beach</h2>

<h2>What: 36 two and three-bedroom apartments</h2>

Ignite Projects will be ready to launch its latest <a href="/developments/palm-beach-qld-4221">Palm Beach</a> beachfront development in the coming months, having recently acquired a prime 1,600 sqm site and submitted a code-assessable development application for a new nine-level apartment building on the Jefferson Lane dress circle.

Ignite, led by Josh Foote, is seeking to create 36 high-end apartments, akin to Cabana Palm Beach, Ignite's last Palm Beach project.

There will be four two-bedroom apartments and 32 three-beds, 31 of which have an additional multi-purpose room.

<img alt="First look exclusive: Ignite Projects head back to Palm Beach beachfront with latest apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-20%20at%207.26.44%E2%80%AFPM.png?VersionId=CZuDywsZQrYWUhs0AQCDq0wZEmtuoWxr" />

"Cabana was so well received, it would have been silly to not take the opportunity to recreate something similar when we know that market so well," Josh Foote said.

"We've had Plus come in and create a facade that is something fresh and challenges convention a little compared to what's come before in the area."

Ignite is bringing construction in-house for the project, with construction commencement expected in early 2025.

The Gold Coast's hottest apartment developments set to launch in H2 2024

National award-winning developer <a href="/developers/chasecrown">Chasecrown</a> has marked the start of construction on its $120 million Parkline residential project in Kent Town with the release of its final penthouse and sub-penthouse sky homes.

The company has also announced <a href="/developments/kent-town-sa-5067">Multiplex</a> will build the Dequetteville Terrace development, a 12-level building with 61 apartments that is currently 80 per cent sold.

The remaining park front apartments range from $1.3 million to $5.1 million.

Chasecrown Director and architect, Louis Kanellos, says it was exciting to work with Multiplex on such a signature residential development.

“Multiplex is a premier construction company that has shaped skylines and delivering iconic projects around the world. It has delivered more than 1,100 projects globally including 18 in South Australia,” Kanellos says.

<img alt="Chasecrown’s New Kent Town" data-entity-type="file" data-entity-uuid="ff5cdbb3-bc3f-44ed-a1c5-7512d36c3bf9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Parkline_EXT01_Hero_FinalPreview%20-%20Updated_smaller.jpg?VersionId=et.QmWgt8_k4I7vGHJ5yz1F4BRAXrFrV" />

Kanellos says every investment buys uninterrupted views of either the east parklands, city or hills and boasts enviable green credentials.

“You can’t live any closer to the Adelaide CBD without living in the city itself. It offers the best of both worlds, combining urban living with city convenience,” Kanellos says.

“We’ve taken full advantage of this unique location overlooking the parklands, close to services and within walking distance of the restaurants, cafes and shops in the city’s East End and Norwood Parade.

“The successful urban regeneration of this corner of Kent Town is unsurprising given the unparalleled access to everything you would need in terms of shopping, dining, transport, green space and education.

“We’re excited by the interest to date with 80 per cent of apartments already sold, but we’re also aware some potential purchasers have been waiting for these latest premium homes to come on to the market. The market for new city-fringe apartments remains strong so we’re anticipating high demand for this final release.”

<img alt="Chasecrown’s New Kent Town apartment" data-entity-type="file" data-entity-uuid="96b80081-5bfb-4295-8544-0c1f3b50251f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Parkline_INT01_Skyhome%20Living%20Herringbone_FinalPreview_smaller.jpg?VersionId=_wy6Pb2wAjgzx4yGYfiGoiuSkKL3F0fS" />

The all-electric building is capable of net zero operation, thanks to a 7-star average apartment energy rating and a power system that can avoid the use of fossil fuels for heating, cooling, hot water and cooking appliances.

Other environmentally responsive design initiatives include a naturally ventilated car park with ‘green walls‘ to reduce energy consumption; an extensive solar array supporting the building’s communal energy consumption; infrastructure supporting individual electric vehicle charging stations; and home automation options.

Kanellos says Chasecrown is also investing in the public realm around the Kent Town project by removing power lines to King William Street and activating the street frontages and laneways with high-quality landscaping, and green walls.

“We placed a high value on contributing to the ongoing regeneration of Kent Town and recognition of the precinct’s local character and proximity of the city."

[smartcode_project_cta:default project_id=139320]

Chasecrown i investing in the public realm around the Kent Town project by removing power lines to King William Street and activating the street frontages and laneways

Chasecrown appoint Multiplex to build Kent Town apartment development

An architecturally pleasing apartment building looks set for Southport's centre.

Plans have been filed by Option Group, the funds manager and property development firm run by the Sydney-based Paul Hanna, for a 10-level apartment development on a 1,416 sqm site at 44-46 Eugaree Street, a stone's throw from the centre of the Gold Coast suburb.

<a href="/architects/ferro-chow-architects">Ferro Chow Architecture</a>&nbsp;has designed the striking tower that will home 68 one, two and three-bedroom apartments.

<img alt="Ferro" data-entity-type="file" data-entity-uuid="fe523977-4cc1-49ce-86d7-7880174fbcd3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%2012.04.56%E2%80%AFPM.png?VersionId=vlYGVCgXUE5ECWHw93sxUPoh_9gZ5Kj1" />

The architecture of the building incorporates a high degree of articulation with recesses, curves, and a variety of materials and colours to achieve a visually appealing appearance that aims to integrate with the architectural character of Southport.

Ferro Chow said the design philosopohy of the project revolves around the concepts of modernity, timelessness, and elegance, with a strong emphasis on minimalism.

"The primary purpose of this project is to provide a contemporary living space that caters to the evolving needs of residents while seamlessly blending with the urban landscape and functional design, offering a high standard of living for its residents," the design statement by Ferro Chow Architects read.

"The design style of the apartment building is rooted in modern, timeless, and elegant architecture. The minimalist approach ensures a clean and uncluttered aesthetic, fostering a sense of tranquillity within the living spaces."

They said the building's facade is a standout feature, with a wavy design inspired by the natural elements of sand, timber and rocks.

"This design element not only provides visual interest but also breaks up the building’s mass, creating a dynamic and inviting appearance, and connecting it to the surrounding environment."

<img alt="Ferro" data-entity-type="file" data-entity-uuid="42478780-fa20-4760-91d8-5f53797a7e96" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%2012.01.59%E2%80%AFPM.png?VersionId=St.wGWSM9XI7rtaHMaA2_8.q8nIjGNnq" />

Each level of the building will home eight apartments. The 68 units are split into&nbsp;25 one-bedrooms, 39 two-bedroom, and four three-bedrooms.

The apartments extend to private balconies, accessible from the living and dining areas.

Residents will have access to communal facilities, including a pool, BBQ area, sauna, gym, and a function room, while the&nbsp;ground floor will also offer landscaped open spaces.

<img alt="southport" data-entity-type="file" data-entity-uuid="8e272400-9ffe-443c-9530-22554f336c7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%2012.04.37%E2%80%AFPM.png?VersionId=b3MJgbW9ox3WEP598sJ8.5LdZndXZp.u" />

The Eugaree development will be located near Ellis Family Park, K Town Shopping Centre, various schools, and public transport options, including bus stops and the Nerang Street light rail station.

New off the plan apartment developments in <a href="/new-apartments/southport-qld-4215">Southport</a> have been few and far between. Apart from the $1 billion Imperial Square developmebt by Robert Badalotti's Azzura, the only new development in recent times has been <a href="/new-apartments/eden-garden-residences-20-bauer-street-southport">Eden Garden Residences</a>, the 54-apartment project that launched in late 2023.

New apartments planned for Southport

Before the onset of COVID-19, Chevron Island's newest apartment development would have been at least two decades old.

Fast forward four years, and some reputable apartment developers later, the small island just a bridge away from Surfers Paradise, is absolutely booming.

The island broke headlines in 2017 when Melbourne-based developer Bensons Property announced it was going to develop Chevron One, a 40-level tower on Stanhill Drive. The under-construction tower will be the only skyscraper on the island, following a change in planning laws shortly after the approval.

[smartcode_project:default project_id=6515 project_image_fid=167320]

But the island didn't truly boom until a few years later, around the opening of the Home of The Arts (HOTA) Gallery, located just across the green bridge from Chevron Island and the cultural hub of the Gold Coast. With the new gallery came&nbsp;The Exhibitionist Bar on the Gallery Rooftop, Palette Restaurant, and a new HOTA Shop.

Further investment by the Gold Coast City Council will bring a new&nbsp;1800-seat lyric theatre to the precinct, as well as a refurbishment of the current 800-seat theatre.

Apartment developers took note of the activity on the island and the surrounding area, and buyers have responded in a big way.

Brent Thompson's Siera Group made <a href="/developments/chevron-island-qld-4217">Chevron Island</a> home for their first <a href="/new-apartments/gold-coast-qld">Gold Coast</a> apartment development.

Thompson, who had been scoping out the Gold Coast market for 18 months before purchasing a prime 1500 sqm site on Darrambal Street, had a string of boutique townhouse and apartment developments in Brisbane's inner-ring suburbs to his name before moving Siera south.

"We have always built in-house, so it was really more about building a team of experienced high-rise staff to deliver Tapestry as we always have as builder/ developer," Thompson says.

On submitting plans for Tapestry in 2021, Thompson said <a href="/developments/chevron-island-qld-4217">Chevron Island</a>&nbsp;has a "great local community".

"It's a tight-knit community, while being ideally located just a five-minute walk from the international tourist hub of Surfers Paradise."

Thompson kept everything local when he submitted plans for Tapestry, a 22-level arts-inspired apartmet project designed to be in keeping with&nbsp;Chevron Island’s growing standing at the cultural arts hub of the Gold Coast. He had the local BDA Architecture team undertake the design, while also commissioning a piece from local artist Tania Blanchard that will hang in the lobby when the building is completed.

Tapestry will home 113 two and three-bedroom apartments with an impressive rooftop comprising a swimming pool, barbecue and alfresco space, a private dining room with a terrace and fire pit, an edible garden, a private gym with a sauna and steam room and landscaped gardens.

[smartcode_project:default project_id=108641 project_image_fid=192964]

“After all the research and understanding&nbsp;<a href="/developments/chevron-island-qld-4217">Chevron Island</a>&nbsp;as a whole, it really felt like it was the perfect place to deliver a project like&nbsp;<a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island" target="">Tapestry</a>, where we’ve created this phenomenal amount of amenity and beautiful residences that locals will be able to move into and downsize," Thompson said.

Siera Group recently brought construction in-house and kicked off the build at Tapestry, which is expected to complete in late 2025.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Another reputable builder developer on the island is Aniko Group, who has a strong track record of delivering qualiy on a Gold Coast island before. They've previously developed over $400 million worth of apartments and townhouses on Hope Island.

Aniko's construction arm will be completing their Chevron Island apartment development, Orama, in late 2025. A similarly impressive rooftop to Tapestry, Orama will have 102 two and three-bedroom apartments designed by Plus Architecture. The project is currently over 80 per cent sold.

[smartcode_project:default project_id=111898 project_image_fid=240584]

When Aniko secured the Weemala Street site, Aniko Founder George Mastocrastas said they wanted to create something that was "in keeping with the community fabric of the island suburb."

“Chevron is just a short walk to Surfers Paradise, the beach, the Gold Coast’s cultural heart and all the amenities the central Gold Coast has to offer. It’s both laid back and sophisticated at the same time."

[smartcode_project:default project_id=111898 project_image_fid=209597]

Another local developer Sherpa Property Group, also recently launched Perspective Helm, the most boutique apartment development on the island.

The waterfront building on Stanhill Drive comprises just 10 three and four-bedroom residences, a mix of apartments and villas, that start from $4 million. Some of the residences have their own private marina berth.

Chevron Island's boom has been reflected in enquiry data collected by MatterFact, the data product from Apartments.com.au. The data shows that the average price per square metre has skyrocketed over the last three years, increasing between 35 to 50 percent in most cases.

In 2022, the average price per square metre for two-bedroom apartments was $8,200. This figure jumped to $9,900 in 2023 and currently sits closer to $11,000 in 2024.

Three-bedroom apartments saw a similar increase, rising from $8,900 in 2022 to $11,200 in 2023, and further to $13,200 in 2024.

Chevron Island's boom has been reflected in enquiry data collected by MatterFact, the data product from Urban.com.au

From sleepy village to the cultural hub of Surfers Paradise: Inside the growth of Chevron Island

Sydney's newest CBD apartment tower, Castle Residences by&nbsp;United Development Sydney, not only blends history with the contemporary, but also apartment living with the luxury hotel experience.

Designed by <a href="/architects/candalepas-associates">Candalepas Associates</a>, Castle Residences combines modern architecture with the historical preservation of heritage-listed Porter House, built in 1876. That is now home to the Porter House Hotel, Accor's 400th hotel in its MGallery Hotel collection. It rises&nbsp;five levels and maintains the building’s heritage sandstone façade.

[smartcode_project:default project_id=7758 project_image_fid=249143]

Above it, the striking 36-level <a href="/buildings/castle-residences-sydney-116-castlereagh-street-sydney">Castle Residences</a>&nbsp;on Castlereagh Street is characterised by sculptural cantilevers, alcoves, and honeycomb-like arches, presenting a modern contrast to the historical building.

Residents of the 131 Manhattan-style apartments have exclusive access to a range of hotel services and amenities provided by the MGallery Hotel via a personalised iPad application.&nbsp;

Through the app, residents can access room service, in-residence catering, housekeeping, maintenance services, and general hotel services such as couriers, dry cleaning, and laundry.

[smartcode_project:default project_id=7758 project_image_fid=250540]

Full hotel amenities, including restaurants, bars, a gym, a pool, and a business centre, are also available to residents.&nbsp;

The Porter House - MGallery boasts 122 rooms and suites, private event or conference rooms and hospitality venues to suit all occasions.&nbsp;

On the ground floor of the hotel, Henry's Bread + Wine offers a café and wine bar experience, while the first floor is home to modern brasserie Dixon &amp; Sons.

The fourth floor hosts Spice Trader, a cocktail bar celebrating the building's historical ties to the spice trade.

Residents are also serviced by a concierge for restaurant and taxi bookings plus mail and package deliveries, 24-hour security, and priority valet parking.

[smartcode_project:default project_id=7758 project_image_fid=250517]

Castle Residences offers luxury studios and larger one, two, three, and four-bedroom apartments with interiors by <a href="/interior-designers/studioaria">StudioAria</a>.

The location, adjacent to Sydney’s Hyde Park, provides a prime address for residents, ideal for the homeowner or investor.

[smartcode_project_cta:default project_id=7758]

Castle Residences: Sydney's Manhattan-style apartments atop the Porter House Hotel

Josh Foote's Ignite Projects is heading back to the Palm Beach sand, filing plans for its latest luxury beachfront project.

Having acquired a development-approved site a few months ago from GV Property Group, <a href="/developers/ignite-projects">Ignite</a>, who has had success on the <a href="/developments/palm-beach-qld-4221">Palm Beach</a> beachfront previously with Cabana, has scaled back plans to be more in keeping with the Palm Beach beachfront.

Now on the desks of the Gold Coast City Council is <a href="/new-apartments/retreat-palm-beach-1177-jefferson-lane-palm-beach-qld-4221">Retreat Palm Beach</a>, a nine-level building by Plus Architecture with 36 apartments. There will be four two-bed apartments and 32 three-beds, 31 of which also have a multi-purpose room.

<img alt="Palmie" data-entity-type="file" data-entity-uuid="ce60f9fb-2dc7-4da7-aee6-689894d8658f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-20%20at%207.26.44%E2%80%AFPM.png?VersionId=CZuDywsZQrYWUhs0AQCDq0wZEmtuoWxr" />

Josh Foote told Urban the new project will follow the same blueprint as Cabana, 30 apartments up the road that was one of the fastest selling developments in the Gold Coast in 2021.

"Cabana was so well received, it would have been silly to not take the opportunity to recreate something similar when we know that market so well," he said.

"We've had Plus come in and create a facade that is something fresh and challenges convention a little compared to what's come before in the area."

One of the key focuses for Foote is on the communal area on the ground level.

"We want this space to become an urban retreat for residents, within the confines of the building.

"Of course one of the biggest drawcards will be the proximity to the beach, but we want this space to act as a retreat from the beach. "The design will evoke a Mediterranean day spa ambiance, characterised by organic and natural elements, featuring a sculpted lagoon pool and floating day beds."

<img alt="Palmie" data-entity-type="file" data-entity-uuid="f1aef654-cf06-48e0-9119-678ec0586b6c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-20%20at%207.26.40%E2%80%AFPM.png?VersionId=wtQjhnbEIOUZaTHg4Nsc1KWPCjCMv_yh" />

Much like several developers on the Gold Coast who are wanting to avoid any problems with construction, Foote will be bringing construction in-house for the new project.

"It's a matter of wanting to control the quality and delivery from concept to completion," Foote says, adding that they'll be ready to start construction in early 2025. Sales and marketing is expected to commence in Q3 2024, with the new development application code-assessable so it should fly through its approval process.

"We considered numerous elements before finalising the layout of the floor plans to ensure the best possible outcome,"&nbsp; Foote says.

"It ticks a lot of boxes for downsizers."

<img alt="Ignite" data-entity-type="file" data-entity-uuid="b83d81b3-ae34-4cef-a16e-cf754be4f84f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-21%20at%204.21.17%E2%80%AFPM.png?VersionId=uCmQTal2UbrqqeCbIwWYBqCw8crZgdsk" />

GV Property Group's Luke Reaby says there aren't many more opportunities to create a project of the scale of this one, namely due to the fact the lack of supply coming to the market, as well as the ability to amalgamate a site of this size.

"We're in constant communication with every owner on the beachfront and Jefferson Lane and believe these sites will become more scarce everyday, especially four blocks in a row like this one," Reaby says.

"We sold the unit block then approached the neighbours to the north to make the site larger which has allowed for a better scheme to be put to Council."

Reaby says there were multiple offers from local developers, as well as a consortium of investors from the local area who looked at it as a landbanking opportunity.

Ignite is taking the wraps off its luxury Main Beach apartment development, The Monaco, just 24 half and full-floor apartments that sold out with an average sale price of $4.6 million.

Josh Foote told Urban the new project will follow the same blueprint as Cabana, 30 apartments up the road that was one of the fastest selling developments in the Gold Coast in 2021.

First look exclusive: Ignite Projects head back to Palm Beach beachfront with latest apartment development

Sponsored Post

Wake to the sound of waves crashing on the shore and watch the sun rising over the ocean. This is the reality of Oasis living where only a handful of luxury apartment opportunities remain.

Due for completion in late 2024, <a href="/new-apartments/oasis-apartments-bokarina-25-kombi-street-bokarina">Oasis</a> – Bokarina Beach promises an unparalleled blend of modern luxury and coastal serenity on the <a href="/new-apartments/sunshine-coast-qld">Sunshine Coast</a>. The boutique six-level development is a rare opportunity for those seeking the ultimate beachfront lifestyle.

Oasis features a limited selection of luxurious residences, including the final remaining three-bedroom, 2.5-bathroom apartments. These exquisite homes range from 164 sqm to 178 sqm, featuring open-plan living areas, premium appliance packages, and high-end fixtures. They start at $1,695,000.&nbsp;

[smartcode_project:default project_id=109813 project_image_fid=196624]

Each apartment is designed to provide a seamless indoor-outdoor experience, perfect for entertaining or simply relaxing listening to the ocean.

For those desiring something truly extraordinary, the one-of-a-kind luxury penthouse sets a new standard in luxury coastal living. The two-level residence has four bedrooms, 4.5 bathrooms, and accommodates three cars.&nbsp;

The penthouse spans 242 sqm of internal space and 512 sqm total.&nbsp;Priced at $5.6 million, it features expansive ocean and hinterland views, a private rooftop terrace with a pool, sauna, BBQ and entertainment area, and lush landscaping. The premium appliances, fixtures, fireplace, and curtain and blind package add the finishing touches to this luxurious lifestyle opportunity.

&nbsp;

Oasis residents will enjoy state-of-the-art amenities including a gym, pool, sauna, and beautifully landscaped gardens. The development's open-air dining area is perfect for social gatherings, fostering a strong sense of community.

[smartcode_project:default project_id=109813 project_image_fid=197989]

The location is unbeatable, just 200 meters from over 30 new retail tenancies, including restaurants and cafes, ensuring all conveniences are within easy reach.

It is only 1.5 km to the new Sunshine Coast Health Precinct and a short drive to the vibrant hubs of <a href="/new-apartments/caloundra-qld-4551">Caloundra</a> and <a href="/new-apartments/mooloolaba-qld-4557">Mooloolaba</a>. Future development plans, including the Birtinya Town Centre and potential light rail, promise to enhance connectivity and convenience even further.

<img alt="Oasis Apartments, Bokarina Location" data-entity-type="file" data-entity-uuid="fa4022c6-5053-4dc3-9dfa-04149f72ec59" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site%20Aerial%20-%20North%20Facing.png?VersionId=PSQeRxt.qpy_o4iiAOjS45flxJpUYN7Q" />

Whether you are downsizing, seeking low-maintenance living, or looking for a "lock and leave" property, Oasis Apartments offer the ideal beachside living experience.

With proximity to state-of-the-art educational facilities and the burgeoning health precinct, Oasis is perfect for those wanting a balanced lifestyle combining relaxation, convenience, and luxury.

[smartcode_project_cta:default project_id=109813]

Last chance to find your Oasis – limited luxury apartments remain in premium beachfront project

The Gold Coast’s super tight A-grade office market is about to get a major boost as Aniko Group gears up for construction of its $2 billion mixed Mermaid Beach project The Landmark, with the development set to deliver the equivalent of more than a year’s worth of supply.

<a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The Landmark</a>, a mixed-use project set to rise on a 1.13 hectare site bounded by Seaview Avenue and the Gold Coast Highway, will create up to 11,000 sqm of office space in the sought-after central Gold Coast market and provide the largest injection of new office space to the city since The Oracle was completed 14 years ago.

The development has been hailed a welcome relief by the real estate industry as vacancy rates on the Gold Coast, particularly A-grade stock, plumb record lows.

The most recent analysis by <a href="/project-marketer/colliers">Colliers</a> showed that net absorption of office space in the six months to January hit 4,490sqm, with A-grade properties recording the highest level of demand.

Based on the latest net absorption rate, The Landmark will deliver more than a year of supply to the Gold Coast market which saw vacancy rates fall to 6.4 per cent in January across the broader market. A-grade space went even lower to 3.3 per cent.

“The landmark represents one of the biggest injections of office space in the Gold Coast market for more than a decade,” said Colliers <a href="/developments/gold-coast-qld">Gold Coast</a> director-in-charge Steven King.

“It comes amid an acute shortage of new office developments across the city due to higher construction costs, labour shortages and increased borrowing costs.&nbsp;

“In a single hit, The Landmark will open up more opportunities for businesses to secure A-grade space close to key transport nodes in the central Gold Coast precinct.”

<img alt="Aniko Group’s $2 billion The Landmark" data-entity-type="file" data-entity-uuid="efc3bd58-d7af-42ea-bad5-24ac76444a80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/JPEG_aerial_aniko_masterplan_3_3d_render_by_volumevision_0.jpg?VersionId=fzINNskxAAwXg7dFiP17u7opSxDC.BWW" />

Positioned prominently at the entrance to the iconic Pacific Fair Shopping Centre, The Landmark will be supported by easy access to the Broadbeach South light rail station and bus interchange to create an uber-connected community and support a new urban heart for <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach</a>.

Gold Coast A-grade stock comprises a total area of 87,203 sqm out of the city’s total estimated office space of 460,510 sqm. With 11,000 sqm being added by The Landmark, the development will boost the city’s A-grade offering by almost 14 per cent and see it as the second largest office tower behind 50 Cavill Avenue.

“Tenants have been crying out for A-grade space amid the continued migration of business owners to the Gold Coast and the expansion needs of existing businesses,” King added.

“With the rate of net absorption of space at present, this project will add more than a year’s supply of much-needed A-grade space and alleviate some of the shortages the market has been experiencing.”

Despite the impact of higher interest rates on the Australian economy, the Gold Coast office market remains robust, thanks to continued strong population and business growth, <a href="/project-marketer/cbre-residential-australia">CBRE</a> predicts that Gold Coast office vacancy will remain at one of the lowest rates in the country.

“The Gold Coast office vacancy rate could fall to 2-3 per cent by 2025. We desperately need more A-grade office space and have been waiting for this supply since Oracle in Broadbeach was introduced to the region 14 years ago,” said Tania Moore, senior director of investor leasing of CBRE Gold Coast.

CBRE’s Gold Coast Office Market Report revealed that the city’s vacancy rate remains one of the tightest in Australia, at just 6.4 per cent.

The Gold Coast’s supply pipeline will be limited over the next few years due to high interest rates, construction costs, delays and labour shortages restricting construction, said the report.

“The central Gold Coast is desperate for major A-grade office space, as the region continues to grow and evolve into a corporate nucleus with tenant demand focussed on a high-quality building quality and amenities,” Moore said.

“Aniko Group’s vision will also incorporate a number of incredible value adds to the office precinct with close proximity to the new international restaurants and retail precinct that will be a feature of The Landmark.”

<img alt="Aniko Group’s $2 billion The Landmark development" data-entity-type="file" data-entity-uuid="e4875d6a-6e71-4bf0-9a51-9480e3748f49" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/JPEG_streetscape_seaview_ave_3d_render_by_VV.jpg?VersionId=ELNdTpQwNPgalqz7dQnZTQphCVZQB9Ei" />

The Landmark, a four-tower mixed-use project, is primed to unlock new residential and commercial opportunities with a design that will create an iconic southern gateway to Broadbeach.

<a href="/developers/aniko-group">Aniko Group</a>, which plans to undertake the project in stages, has laid plans for three residential towers of 25, 30, and 40 storeys, in addition to a 53-level tower featuring a mix of hotel suites and private hotel-branded residences.

The project’s activated space will be dominated by a sprawling 1ha recreation podium in addition to a commercial precinct comprising A-grade offices, medical services and a ground floor retail and dining precinct.&nbsp;

The prime location of The Landmark will provide office occupants with an enviable office space, but more than this, it is idealistically positioned with the best of world-class amenities including international retail and dining precincts surrounding the project.

“Our vision for The Landmark is to create a self-sustained urban village in Mermaid Beach that is a natural extension of the commercial heart of the city,” said Aniko Group managing director George Mastrocostas.

“The office component is integral to enhancing the activated space where tenants can enjoy all that this world-class precinct will have to offer.

“We’re proud to be at the forefront of enhancing the Gold Coast’s commercial landscape with The Landmark. This development not only addresses the urgent demand for premium office space but also sets a new standard for urban living and working in the region”.&nbsp;

Aniko Group is planning to make a start to construction of The Landmark by the end of this year.

[smartcode_project_cta:default project_id=134338]

Aniko Group, which plans to undertake the project in stages, has laid plans for three residential towers of 25, 30, and 40 storeys, in addition to a 53-level tower featuring a mix of hotel suites and private hotel-branded residences

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