Apartment buyers in New South Wales are set to gain a decade of insurance-backed protection against major building defects, after the NSW Parliament passed the Fair Trading and Building Legislation Amendment Bill 2026.&nbsp;

The Bill establishes decennial defect insurance, known in the market as Latent Defects Insurance (LDI), as an alternative to the existing two-year strata building bond. It cleared the Legislative Council with amendments on Tuesday evening (August 4, 2026), with the Legislative Assembly agreeing to those amendments shortly after.

Under the reform, eligible developers can satisfy their statutory bond obligation by taking out an approved decennial-style policy that gives owners 10 years of cover for major structural defects from completion, claimable directly, without first having to pursue developers or builders through costly legal action.&nbsp;

The change forms the final tranche of amendments arising from the 2021 statutory review of the Strata Schemes Management Act 2015 and related legislation.

Resilience Insurance, which originated the cover in Australia and has delivered it in NSW since 2022, welcomed the passage and credited the NSW Government for delivering it.

“This is protection apartment buyers have needed for a long time, and the credit for delivering it belongs to the NSW Government,”&nbsp;said Corey Nugent, CEO of Resilience Insurance.

“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into. Reform like this is what good, evidence-based regulation looks like.”

Resilience has delivered LDI in NSW since 2022, protecting thousands of apartments, giving the State, and now the country, real-world evidence of how decade-long, no-fault protection works in practice.

The reform also places NSW within a wider national shift.

NSW is the third jurisdiction to put decennial cover into law. The ACT legislated for it in 2024, with the scheme taking effect in late 2025, and Victoria passed its own framework on 17 June. Between them, the three cover the majority of Australia's apartment market.

The reform commences once the legislation is proclaimed, which is expected in the coming weeks. From that point, developers of Class 2 residential apartment buildings can meet their statutory obligation with an approved decennial policy in place of the bond.

Buyers who purchased into projects that took out the cover early are among the first in the country to take keys to apartments carrying decade-long structural protection.

“With the legislation passed, the focus now turns to making it work for buyers,”&nbsp;Nugent said.

“There are already thousands of apartments in NSW covered by this insurance, bought by developers who moved early. The question every buyer should be asking in a display suite is a simple one: does this building come with 10-year defect cover, and who stands behind it?&nbsp;

“We look forward to working with the Government and the Building Commission in coming weeks as the framework moves to implementation, and to sharing what we have learned over the past four years so the protection reaches owners as smoothly and quickly as possible.”

Other states are working through their own reform programs. Western Australia has indicated that decennial cover is within consideration a later stage of its reform sequence, and Queensland has been examining the settings as it looks at the development pipeline ahead of the 2032 Olympics.

Resilience Insurance acknowledges the NSW Government’s continued focus on strengthening consumer protection while supporting housing delivery across the State.

Fast Facts: What the reform means

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Proven at scale:&nbsp;Decennial cover has operated in NSW since 2022, protecting thousand of apartments.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">10 years of cover:&nbsp;Protection for major structural defects runs for a decade from completion, claimable directly and with no legal action required.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">An alternative to the bond:&nbsp;Eligible developers can meet their statutory obligation with an approved decennial-style policy in place of the 2% strata building bond.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Part of a national shift:&nbsp;The ACT has had decennial provisions in force since 2025 and Victoria passed its framework in June. NSW now joins them.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">No-fault, first resort:&nbsp;Owners corporations claim directly from the insurer without first having to establish who is liable for the defect.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost-competitive:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the 2% bond while offering broader, longer protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market position:&nbsp;Resilience originated LDI in Australia and has delivered it in NSW since 2022.</li>
</ul>

Fast Facts: What is Resilience LDI?

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Resilience Latent Defects Insurance (LDI):&nbsp;Covers major structural defects for 10 years from completion.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Consumer-first:&nbsp;Direct claim access, no need for lengthy legal action.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost advantage:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market leader:&nbsp;&nbsp;Resilience Insurance originated LDI in Australia and is the national market leader.</li>
</ul>

Joel Robinson

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

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> has wasted little time reshaping one of South Brisbane's most significant undeveloped apartment sites after acquiring the property earlier this year.&nbsp;

McNab has lodged plans to scrap an existing approval for two 30-storey towers and instead deliver a single 28-storey residential building, preserving part of the site for a future development opportunity.

The proposal, lodged over <a href="https://www.apartments.com.au/new-apartments/64-peel-street-south-brisbane-qld-4101">64 Peel Street and 9 Cordelia Street</a>, is for a residential-led mixed-use development comprising 124 apartments above a landscaped podium, alongside a boundary realignment that preserves part of the land for a future residential project.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="743bf564-3f8f-45fc-b8d3-bbf18f5b628f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20Peel%20st%20podium.png?VersionId=EhCxGrVn_VFH3qTbKnI4WppGwaMnOn0t" />

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a>, the development will deliver 119 two-bedroom and five three-bedroom apartments across 23 residential levels. A five-level podium will accommodate 135 car spaces, while the ground floor will include a 66 sqm commercial tenancy, an activated residential lobby with work-from-home spaces, and a publicly accessible landscaped plaza linking Cordelia and Peel streets.&nbsp;

Communal amenities will span Level 6 and the rooftop, including indoor and outdoor recreation spaces, a swimming pool, barbecue facilities, kitchen and dining areas, lawn space, sauna, steam room and yoga facilities.

The application also proposes a boundary realignment to create a standalone 1,290 sqm development lot while retaining an adjacent parcel for future redevelopment, allowing the balance of the site to contribute additional housing over time.

Hayball said the architecture has been shaped by the site's elevated corner position at the intersection of Peel and Cordelia streets and Brisbane's subtropical climate.

The design incorporates generous landscaped setbacks, a masonry podium wrapped with planting, large north-facing balconies, and a slender tower profile intended to maximise natural light, cross ventilation and long-range views. The rooftop has been conceived as a wellness-focused retreat overlooking Brisbane, with amenities positioned to capture views towards Mount Coot-tha and the CBD.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="c5f99e84-6ad8-4a87-82d1-869685b754d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20tower%20perspective.png?VersionId=Gw0IuJaSAlk.tvGBxInhZOcQAdIB..2b" />

The planning submission positions the proposal as a response to both changing market conditions and Brisbane's Kurilpa Sustainable Growth Precinct planning reforms.

McNab acquired the site after the previous approval was granted, with the existing scheme no longer reflecting current residential market demands, economic conditions, construction challenges, construction efficiencies or the quality of development outcome now being pursued, the planning report noted.

McNab continues to expand its residential development pipeline across Brisbane and the Gold Coast. The developer recently launched The Tannery in West End, securing more than 60 per cent of apartments before the project's public release. It is also delivering Elements Budds Beach in Surfers Paradise and Lucia Highgate Hill, an eight-apartment boutique development overlooking the Brisbane River.

McNab resets decade-old South Brisbane approval with 124-apartment tower

A steeply sloping Bellevue Hill site is set to accommodate a new mid-rise apartment development, with plans lodged for 20 homes that respond to the site's dramatic topography.

The proposal for the consolidated land at <a href="https://www.apartments.com.au/new-apartments/138a-140-bellevue-road-bellevue-hill-nsw-2023">138A-140 Bellevue Road</a> has been designed by Sydney architecture practice Common Office, which has used the site’s substantial fall to distribute the building’s scale and unlock 20 apartments without presenting the full height to the street.&nbsp;

“The unique design strategy leverages the site’s substantial topographical fall to facilitate increased density, presenting a seven-storey profile to Bellevue Road while rising to 10 storeys at the rear,” Common Office said in its architectural design report.

The apartment mix spans one, two, three- and four-bedroom residences. Four two-bedroom apartments are designated as affordable housing, while the plans also include two adaptable dwellings. The mix is majority three-beds, with the typical three-bed apartment offering around 144 sqm internally, with balconies of around 15 sqm.

The affordable housing component represents 15 per cent of the residential floor area and allows the project to access additional height and floor space under the NSW Government’s in-fill affordable housing provisions. The site also falls within the inner area of the Low and Mid-Rise Housing Policy because it is within 400 metres walking distance of Double Bay Town Centre.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="b1230d0f-3bfa-4a11-abaf-0928c66ef345" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da.png?VersionId=dZeMK3P.OutGjN8ycjsxm8uNsj_QFWQv" />

Common Office has arranged the building around a masonry podium and a lighter upper volume, drawing on two recurring elements of Bellevue Hill’s established architecture: sandstone bases and the vertical proportions of local Inter-war Art Deco apartment buildings.

“The proposal is governed by a holistic design language that reconciles the solid horizontal masonry of the neighbourhood’s podiums with the elegant verticality of its Art Deco heritage,” the architect said.

“The building maintains a consistent rhythmic logic utilising deep recesses and a sophisticated material transition to break down the 10-storey scale into a series of articulated, human-scale volumes.”

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="0147f503-1af1-4d51-97fb-c2f1cba63a9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20bldg.png?VersionId=GoW7q3NlK67OpnePXhk7zvklrlKb72Qc" />

Large-format sandstone tiles will define the lower levels, establishing a robust base that negotiates the change in elevation from Bellevue Road. Above, red-tinted precast concrete frames, recessed balconies, anodised aluminium screens and expanded metal details will create a more vertically expressed façade. Integrated planter beds will introduce greenery across balcony edges and recessed sections of the building.

The elongated northern façade has been divided into three recessed vertical masses to reduce its perceived length. Triangular window elements and metal privacy screens reference the geometry of nearby Art Deco buildings while controlling overlooking toward surrounding homes. The southern elevation will incorporate further privacy screening, landscaped edges and deep balconies to maintain light and ventilation.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="e8679cf1-18bc-4447-8a0f-0052b94ab83c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da%20rooftop.png?VersionId=5SQqQqRFf76rvE2p1TbxJSweMN70AIbc" />

Private and communal landscaping is distributed throughout the development. A landscaped garden apartment is positioned within the lower portion of the site, while a communal terrace on Level 5 will include a central timber deck, barbecue facilities, resident planting plots and areas for outdoor dining and informal gatherings.

Common Office described the terrace as an elevated sanctuary designed to capture district views and sunlight. Its planting strategy incorporates endemic species associated with the Eastern Suburbs Banksia Scrub, extending the landscape vertically through the building and providing habitat for local flora and fauna.

A second communal outdoor area is proposed at roof level, with built-in seating, paved gathering areas and perimeter planting.

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction. Positive Investment Enterprise is delivering the 16-apartment Kew Palm House on Birriga Road, while Chanine Developments is also under construction at Florian, a 36-apartment project on Banksia Road.

&nbsp;

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction.

First Look: Apartment development pitched for Bellevue Hill, Double Bay fringe

South Brisbane's apartment pipeline continues to build momentum, with <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a> lodging plans for a 161-apartment tower on Montague Road as developers accelerate investment across the Kurilpa Sustainable Growth Precinct.

The proposal for 176–186 Montague Road would replace an existing office building with a 20-storey residential tower designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, adding to a growing pipeline of high-density projects reshaping one of Brisbane's fastest-evolving inner-city precincts.

The project has been conceived as a "living building", featuring a flowing tower form, extensive vertical landscaping, and generous communal spaces that respond to the evolving Kurilpa Sustainable Growth Precinct.

TRK Property Group Development Director Matt Kan said the project reflected the confidence developers have in South Brisbane's long-term future.

"South Brisbane is entering an incredibly exciting period, and we see Montague Road sitting right at the heart of that evolution," Kan said.

"With the former Visy site directly opposite us and significant investment planned throughout the broader Kurilpa precinct, there is a real sense of momentum around this part of the city and what it will become over the coming years.

"For TRK, this is an opportunity to be part of that next chapter and deliver a project that responds to where the precinct is heading, while contributing to the continued evolution of Brisbane's river edge."

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="590fe1ad-f892-4446-a679-80e33a16d029" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20tower%20facade.png?VersionId=uOJStrcKpyHFcPE1w6_9SMAFzVMCcZll" />

The scheme includes a mix of one, two, three and four-bedroom apartments, incorporating multi-purpose rooms in selected residences to provide additional flexibility for home offices or expanded living areas. The proposed mix comprises 15 one-bedroom, 13 one-bedroom plus MPR, 73 two-bedroom, 26 two-bedroom plus MPR, 30 three-bedroom, and four four-bedroom apartments.

Rather than adopting a conventional rectilinear tower, COX Architecture has developed a sculpted form inspired by the movement of the Brisbane River.

"The proposal has been designed by COX Architecture as a 'living building' that responds to the site's riverine setting, floodplain history and evolving urban context within the Kurilpa Sustainable Growth Precinct," the planning report states.

"The architectural form draws from the fluid nature of the Brisbane River, with a curved and undulating tower form that creates a varied architectural edge and avoids a conventional rectilinear tower expression."

The podium has also been designed as an architectural feature rather than a conventional parking structure, with cascading planting, screening and natural-toned materials softening its appearance. Resident parking is elevated above ground level to address the site's flood constraints, while habitable apartments sit above flood planning levels. Upper-level communal facilities are designed to accommodate shelter-in-place arrangements during major flood events.

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="01fa15d0-90df-46c7-9555-7941fc45373c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20podium.png?VersionId=mHyua.w1pHGBt9qEdWzrlsv.leztUCwO" />

Communal amenity is a major focus of the proposal. Around 1,815 sqm of shared resident space is proposed across the ground floor, level 19 and the rooftop, including co-working areas, indoor and outdoor recreation spaces, wellness facilities, dining and gathering areas, lawn spaces, a rooftop pool and spa, and extensive landscaping. At street level, a landscaped forecourt and approximately 345 sqm of publicly accessible open space along Montague Road are intended to improve the pedestrian experience while activating the building's frontage.

The development will provide 163 car spaces, including 152 resident bays and 11 visitor spaces, together with 144 bicycle spaces incorporating resident storage, visitor parking, bicycle maintenance facilities and e-mobility charging infrastructure.

The site sits within one of Brisbane's fastest-changing inner-city precincts, less than two kilometres from the CBD and within easy reach of South Bank, West End, the Queensland Cultural Centre and extensive public transport connections. The Kurilpa Sustainable Growth Precinct planning framework is encouraging higher-density residential development to help meet Brisbane's housing supply targets while supporting walkable, transit-oriented neighbourhoods.

TRK Property joins South Brisbane apartment surge with Montague Road tower plans

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

National developer Metro Property Development, once the largest inner-city residential apartment developer in SEQ, is bringing its reputable name to Rochedale, a small suburb south of Brisbane.

Metro is currently developing <a href="/new-apartments/citrine-townhomes-rochedale-311-gardner-road-rochedale">Citrine</a>, a community of 90 two to three-level, three to four-bedroom townhouses on Gardner Road, a stone's throw from <a href="/developments/rochedale-qld-4123">Rochedale</a> Village, the area's central shopping hub.

The townhouses offer a huge point of difference in a suburb dominated by houses. The latest ABS Census showed 90 per cent of the dwelling type in the suburb is a separate house. There are only around 150 townhouses in the whole suburb.

[smartcode_project:default project_id=136295 project_image_fid=273139]

Australia's largest semi-detached builder,&nbsp;<a href="/developers/creation-homes">Creation Homes</a>, has already started construction on the 3.83ha site Metro acquired in mid-2021.

Each townhome within Citrine features an open plan living and dining area that extends to either courtyards or balconies that characterise the Queensland lifestyle and dwelling typology. The kitchens have been made for entertaining with a stone island bench, while the master retreats have their own ensuites with double vanities.

[smartcode_project:default project_id=136295 project_image_fid=273138]

The majority of townhouses have an additional multi-purpose room that can double up as a second living area on a different level to the main living space.

Citrine residents will also have access to resort-style amenities in the form of a lap pool and adjoining barbecue area, located in the middle of the community.

[smartcode_project:default project_id=136295 project_image_fid=273134]

Citrine is centrally located within walking distance of local schools, parks, and Rochedale Village, which is anchored by a large Coles supermarket and various dining choices, pharmacies, medical services, and fitness facilities, all within 500 metres.

The third stage of Rochedale Town Centre has also recently been announced, on the corner of Gardner Road and Miles Platting Road.&nbsp;

Designed by POWE Architects, the proposal is for a second supermarket with more retail, food and drink outlets, an outdoor dining area and plaza entrance, and further car parking in the final integrated stage.

[smartcode_project_cta:default project_id=136295]

mikah.m@urban.com.au

Metro to bring something different to Rochedale with Citrine townhouses

Bastion Property Group has secured more than $30 million in sales for <a>Nera Residences</a> in a little over two months of the project’s official launch.

The $145 million development, which comprises apartments, six skyhomes and a full-floor penthouse, has been inundated with local buyers keen to lock in the walkable village lifestyle of the island suburb.

The sales surge takes <a href="/new-apartments/nera-residences-chevron-island-8-10-parneno-street-chevron-island">Nera Residences</a> closer to a construction start after Bastion secured development approval late last year.

Sales so far have comprised of a blend of two-bedroom apartments from $1.2 million to $1.65 million, as well as half-floor, three-bedroom apartments from $2.2 million to $3.5 million.

“Local buyers have been quick to identify the unique offering at Nera Residences, with some buyers already existing <a href="/developments/chevron-island-qld-4217">Chevron Island</a> residents,” said Alex De Vincentiis, managing director of project marketer <a href="/project-marketer/onepm">ONE:PM</a>.

“Interstate buyers have also been among the early movers with many noting the value that Nera Residences represents for a central Gold Coast location.”

[smartcode_project:default project_id=108640 project_image_fid=241583]

Nera Residences, located at the northern end of Chevron at 8-10 Parneno Street is just a short stroll to Surfers Paradise and Chevron Island’s retail and dining hub.

“The pre-launch campaign garnered hundreds of inquiries and secured several firm commitments from buyers. This momentum has persisted well beyond the initial quarter", De Vincentiis said.

“Many of our buyers were already sold on Chevron Island for its unique positioning alongside the bustle of Surfers Paradise, and the easy access to the light rail and the city’s emerging cultural precinct at Evandale. But they have been equally impressed with the superb designs of Nera’s residences and the amenities that residents will enjoy.”

[smartcode_project:default project_id=108640 project_image_fid=253872]

Award-winning firm <a href="/architects/bda-architecture">BDA Architecture</a> and Paradigm Design Studio have crafted Nera Residences to offer large, open floorplans and generous balconies in an array of two- and three-bedroom layout options with luxe fittings and inclusions.&nbsp;

Rising 28 levels, many Nera apartments will take advantage of 360-degree views of the ocean, river and hinterland. Oversized windows will invite in ample natural light, creating an alluring atmosphere to capture the essence of Gold Coast lifestyle.

Nera’s residents will enjoy luxurious rooftop amenities, including an infinity pool, wellness spa, which includes sauna and cold-water therapy, fitness centre with hinterland view, exclusive Residence Lounge and Private Dining Room, fire pit, and a dedicated unique yoga platform.

[smartcode_project:default project_id=108640 project_image_fid=253875]

<a href="/developers/bastion">Bastion Property Group</a>, a company backed by a private consortium of experienced national and international developers, developed and built by Bastion, construction of Nera Residences starts in the next few months.

“Nera Residences’ exceptional sales response from the market within just 10 weeks of the official launch has affirmed our vision for this unique project,” said Alex Wood, Basiton director.

“Nera is setting a new standard for Chevron Island and after finalising final refinements to the design, our team is looking forward to progressing project to the construction stage.”

Bastion Property Group anticipates Nera Residences will welcome its first residents in 2026.

[smartcode_project_cta:default project_id=108640]

Nera Residences, located at the northern end of Chevron at 8-10 Parneno Street is just a short stroll to Surfers Paradise and Chevron Island’s retail and dining hub

Nera Residences, Chevron Island secures $30 million in apartment sales

Longstanding and respected Newcastle builder developer, GWH, is giving buyers more bang for their buck compared to any other apartment project in Newcastle.

The <a href="/developers/gwh">iCIRT-rated developer</a> is offering floorplans some 20 per cent larger than others on the local market at their under-construction tower ONE Apartments, located in the heart of the <a href="/developments/newcastle-west-nsw-2302">Newcastle West</a> on National Park Street, on the doorstep of Marketown and the Newcastle Interchange.

The 22 and 19-level buildings designed by&nbsp;<a href="/architects/marchese-partners">Marchese Partners</a>, connected by a four-level podium that will home commercial space, will comprise 193 one, two and three-bedroom apartments.

[smartcode_project:default project_id=24247 project_image_fid=281094]

Over 50 per cent of the apartments have already been snapped up, with construction well on track for a late 2025 completion. Nearly all of the one-bedroom apartments are accounted for.

The&nbsp;apartments feature open-plan living areas extending to private winter gardens offering views of Newcastle Harbour, Stockton, Merewether, and the Watagan Mountains.

GWH Managing Director, Jonothan Craig, says ONE Apartments offer spacious open plan living at its finest.

"Luxurious quality, wellness, security, convenience – ONE showcases GWH’s significant research into the elements our residents most desire for a beautiful, enduring quality of life," Craig says.

[smartcode_project:default project_id=24247 project_image_fid=281096]

The kitchens are equipped with SMEG appliances and soft-touch cabinetry, centred around a breakfast bar designed for ease of entertaining, while the master&nbsp;bedrooms come with built-in or walk-in robes, bathrooms with natural stone tiling, and premium tapware, ensuring ample storage and natural light.

Homeowners can choose between natural, earthy tones in light and dark colour palettes.&nbsp;

Each apartment is also fully wired with fibre-to-premises NBN, Pay TV, wireless access points, and the option to upgrade to the Clipsal Wiser™ Smart Home system, allowing residents to control home features via a single app.

[smartcode_project:default project_id=24247 project_image_fid=281099]

Residents at ONE Apartments will have access to exclusive amenities, including an outdoor pool, cinema, gym, sauna, a bookable private function room, and two rooftop entertainment areas.&nbsp;

The Scenic Lounge is located on the 22nd floor of the South Tower, and the Harbourview Lounge is atop the 19th floor of the North Tower.

[smartcode_project:default project_id=24247 project_image_fid=281103]

ONE Apartments is ideally located within walking distance of Darby Street eateries, parks, the Civic Theatre, Newcastle Interchange, the Honeysuckle foreshore precinct, and various retail stores.

GWH was founded as GWH Build in 1995 by&nbsp;Grahame Chevalley and Hilton Grugeon AM.&nbsp;Since 2017 GWH has delivered over 600 new homes to the Newcastle region.

[smartcode_project_cta:default project_id=24247]

GWH Managing Director, Jonothan Craig, says ONE Apartments offer spacious open plan living at its finest

ONE Apartments to offer Newcastle's largest new apartments

Most of the new apartment developments in the Southern Gold Coast's sought-after pocket of Palm Beach have been beachfront or beachside luxury.

The latest plans, by a private Melbourne-based developer, will likely offer something a little more pricepointed than what's currently on the market.

Still catering for the owner-occupier with the majority of three-bed apartments, the project, dubbed Tarni due to its location at 1 Tarni Avenue, sits on the western and non-beachside side of the Gold Coast Highway. The 792 sqm site, on the corner of Tarni Avenue and Twenty Eighth Avenue, is nearer to Tallebudgera Creek.

<img alt="Tarni" data-entity-type="file" data-entity-uuid="e2410542-e85d-4066-a675-a771c331a146" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-17%20at%209.20.43%E2%80%AFAM.png?VersionId=Jw.9MTL0Odv2D.3p139JGlzhuCjb2Cvc" />

ByCulprit has pulled together the designs for the eight-level building, suggesting the creek, ocean coastlines and coves were the inspiration to create the architectural facade.

They said their design thinking was to "create an organic, jagged base with crushed rocks with soft off-white planes floating above wrapping down to mimic the ocean waves and its sculpted ability."

They "pinched" the building to create view corridors from each corner of the building while also creating "coves", private, protected balconies that can take in the views and create shade.

<img alt="Tarni Palm Beach" data-entity-type="file" data-entity-uuid="f1b97d49-cb8a-491c-921d-c9b457c03fae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-17%20at%209.19.46%E2%80%AFAM.png?VersionId=aXd3pHQOjBy6BLd1Zgq6_UjmiA0n6uGy" />

There will 23 apartments in total, a sole one-bedroom unit, six two-bedrooms, and 16 three-bedroom apartments. They will sit above two basement levels and a ground level with 45 parking spaces and 23 bicycle spaces.

Also on the ground level will be a swimming pool, wet deck with daybeds, and a gym.

The new project will opposite The Tally, the recently completed 45-apartment building by MVGS Properties at 14-18 Twenty Eighth Avenue.

Palm Beach has been the most popular spot on the Gold Coast since the pandemic. Off the plan apartment developments flew off the shelves, and there wasn't enough stock to keep up with demand.

Now the focus is mainly on the beach, where the likes of <a href="/news/qld/mosaic-secures-beachfront-palm-beach-site-for-latest-luxury-apartment-development">Mosaic</a>&nbsp;and&nbsp;<a href="/news/qld/first-look-exclusive-ignite-projects-line-up-next-luxury-palm-beach-apartment-development">Ignite Projects</a>&nbsp;and <a href="/news/qld/5point-doubledown-in-palm-beach-with-15-6-million-beachfront-acquisition">5Point</a>&nbsp;recently secured sites. Marquee has launched <a href="/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Belle Palm Beach</a>, earlier this year and <a href="/news/qld/marquee-net-100-million-in-sales-at-la-belle-palm-beach-apartment-development">secured $100 million in sales</a> within the first few weeks of launching, making it the city’s fastest-selling project of 2024.

So far sales prices have ranged from $2.5 million to $7 million.

Sherpa is just off the beach at their under-construction development <a href="/new-apartments/perspective-nexus">Perspective Nexus</a> which is already over 50 per cent sold having been on the market for only a few months. Sherpa also recently announced a <a href="/news/qld/sherpa-secure-three-new-palm-beach-sites-for-next-gold-coast-apartment-development">new site purchase</a>&nbsp;locally, at 8-12 Sixth Avenue.

First look: More Palm Beach apartments planned

The value of units in Melbourne continued to outstrip the growth of the house market in the Victoria capital in May.

CoreLogic's Monthly Hedonic Index found unit values (which incorporates apartments and townhouses), rose 0.3 per cent, compared to flat house market.

Melbourne's median unit value is now pegged at $614,000 after rolling quarterly growth of 0.3 per cent, while the house market has dipped -0.5 per cent over the same period

<h2>What happened in Melbourne’s off the plan apartment market in May</h2>

There was significant progress at several major developments across Melbourne in May.

Privately-owned developer <a href="/developers/sunkin-property-group">Sunkin Property Group</a> formally appointed <a href="/builders/sk-construction">SK Construction</a> to deliver its $600 million Highett Common project in Melbourne’s bayside.

[smartcode_project:default project_id=108019 project_image_fid=212658]

The 9.3ha&nbsp;<a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>&nbsp;will be delivered over multiple stages during the next five years. The $70 million stage one construction program, which began this month, aims to complete 167 new apartments by late 2025.&nbsp;

By 2029, Sunkin anticipates the delivery of over 1000 new apartments and townhouses across the entire project.

[smartcode_project:default project_id=136451 project_image_fid=277194]

One of Melbourne's most recently launched developments, Beulah's Brunswick townhouse development <a href="/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a>, secured $32.5 million worth of sales at its May launch.

Brunswick Established comprises 23 two-storey townhouses and has become one of the fastest-selling projects in <a href="/developments/brunswick-vic-3056">Brunswick</a>. Its design focuses on sustainability and customizability, featuring Beulah’s ‘Tailored Living’ initiative.&nbsp;

The development is now 65 per cent sold, with two, three, and four-bedroom heritage townhomes priced from $1.444 million.

[smartcode_project:default project_id=4802 project_image_fid=217137]

Mirvac has seen interest at their nearby Brunswick apartment development, Prince &amp; Parade, particularly from the&nbsp;local owner-occupier market who work in the medical industry and academia.

Located near Princes Park, the development's proximity to local hospitals and prestigious universities like Melbourne University and RMIT has driven interest.&nbsp;

Mirvac’s reputation as an ASX-listed developer with a history of quality developments further boosted confidence in the project.

[smartcode_project:default project_id=4802 project_image_fid=267345]

Melbourne also saw several developments secure approval in May, the biggest being the 42-level tower at <a href="/new-apartments/623-collins-street-melbourne">623 Collins Street</a>&nbsp;by&nbsp;<a href="/developers/sterling-global">Sterling Global</a>.

The $520 million residential and lifestyle hotel development at <a href="/new-apartments/623-collins-street-melbourne">623 Collins Street</a>&nbsp;designed by <a href="/architects/carr-design">Carr Architects</a>&nbsp;will include 175 apartments above a 229-room hotel, occupying the heritage podium levels.&nbsp;

<img alt="Sterling Global’s $520 million Collins Street hotel and apartment development approved" 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/Collins%20Street%20Development%20front.jpg?VersionId=FM5q8t7ib4vFqfONMv17w6g82BKj5Zcf" />

The project will also offer 2,717 sqm of commercial space and a fine dining restaurant, enhancing lifestyle options for local workers, residents, and travellers.

National apartment developer <a href="/developers/sun-property-group">Sun Property Group</a>&nbsp;led the boutique market for approvals. They were signed off the deliver its second Melbourne project&nbsp;in the affluent <a href="/developments/toorak-vic-3142">Toorak</a> area.&nbsp;

&nbsp;<img alt="Sun Property Group secure approval for second Toorak 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/field/image/Screen%20Shot%202024-03-26%20at%209.23.31%20am.png?VersionId=krHggdOiqZCTwsaD1MWoD3LkfnFZ6iN6" />

The new development at <a href="/new-apartments/226-228-williams-road-toorak">226-228 Williams Road</a> will feature 18 high-end apartments, 10 two-bedroom apartments, four three-bedroom apartments, and four penthouses.&nbsp;

The project, designed by <a href="/architects/cera-stribley-architects">Cera Stribley</a>, is situated near Hawksburn Train Station and the 59 Tram, and will include landscaping by <a href="/architects/jack-merlo">Jack Merlo</a>, retaining a prominent Smooth Bark Apple Tree on site.

Busy developer&nbsp;<a href="/developers/wickton">Wickton</a>&nbsp;were also approved for a small development, this one&nbsp;mixed-use and in the Hawksburn Village precinct, near South Yarra and Prahran.&nbsp;

The project at 387-403 Malvern Road will feature luxury apartments, strata offices, and ground-level retail, including premium hospitality spaces.&nbsp;Seven two and three-bedroom apartments will occupy the top two levels of the building.

City Beat June 2024: Melbourne units outperform houses for third straight month

Queensland property developer Sherpa&nbsp;Property Group has continued its investment in the <a href="/developments/gold-coast-qld">Gold Coast</a>, announcing&nbsp;the acquisition of a collection of sites in the highly sought-after Palm Beach.

<a href="/developers/sherpa-property-group">Sherpa</a> purchased the amalgamated 1,215 sqm site across 8-12 Sixth Avenue in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>, where they're currently developing <a href="/new-apartments/perspective-nexus">Perspective Nexus</a> and have completed two other developments over the last three years.

Daniel Clarke, General Manager of Sherpa said that the latest acquisition has provided Sherpa with a rare gem in the Gold Coast market, where sites of such calibre are extremely scarce.

“This acquisition represents an investment that Sherpa is making into a region that it sees significant value in. It’s an exciting opportunity to create something that will withstand the test of time,” Clarke said.

“We’re excited to bring a new product to the market, different to the known and loved Sherpa brand, but set to be a crowd favourite nonetheless.

“This unique product that we’re introducing to Palm Beach will allow us to connect with new demographics that have been waiting for the perfect residential opportunity that meets their needs.”

Positioned prominently just moments from the pristine surf beaches, parks, and the popular Palm Beach café and dining scene, Sherpa’s newest project offers residents the ultimate coastal lifestyle.

The project at Sixth Avenue is set to launch to market in 2025.

Having completed 10 projects on the Gold Coast over the past six years, with four in the pipeline, Sherpa is progressing with plans for other sites with a view to creating premium living spaces that meet the requirements of discerning buyers looking for a relaxed coastal lifestyle.

They <a href="/news/qld/sherpa-reveal-perspective-helm-luxury-chevron-island-apartments">recently launched Perpsective Helm</a>, their luxury Chevron Island development of just 10 apartments.

The project at Sixth Avenue is set to launch to market in 2025

Sherpa secure three new Palm Beach sites for next Gold Coast apartment development

Perth builder developer, Willing Property, is bringing a touch of New York to the Perth suburb of Mount Lawley with the launch of their latest off the plan apartment development, West Residences.

<a href="/developers/willing-property">Willing Property</a> called in local architecture firm <a href="/architects/klopper-davis-architects">Klopper &amp; Davis</a> to design a building that takes inspiration from the Big Apple's famous Flatiron building, a building which has stood in the heart of Manhattan since 1902.

There will be just 29 two and three-bedroom apartments on offer in the eight-level <a href="/new-apartments/west-residences-mount-lawley-141-west-parade-mount-lawley">West Residences</a> on the corner of West Parade and Aria Lane, near Forrest Park and a short walk to <a href="/developments/mount-lawley-wa-6050">Mount Lawley</a> Station. The apartments will sit above a ground-floor cafe, and will sit in landscaping by&nbsp;<a href="/landscape-architect/capa-studio">CAPA</a>.

[smartcode_project:default project_id=138755 project_image_fid=280562]

<a href="/new-apartments/west-residences-mount-lawley-141-west-parade-mount-lawley">West Residences</a>&nbsp;is characterised by its angular forms and large private balconies, offering panoramic views of the city, river, and hills.&nbsp;

Klopper &amp; Davis Architects Founder and Director, Sam Klopper, says like the famous Flatiron building, the site of West forms the junction between the orderly and the sublime

"The avenues of Mount Lawley are crossed by West Parade and the train line, creating an opportunity to celebrate this contrast with a beautiful angled form. Similarly, the local context around West Parade was developed during a period of hopeful optimism of our local gold rush and, like the explosive development of New York, speaks to and embraces this joyful vision of a greater and broader future.

"West draws on these connections to celebrate the beauty of the existing context and the wonder and the new to create a timeless and ageless icon."

[smartcode_project:default project_id=138755 project_image_fid=280578]

Each apartment features high ceilings, solar access, and efficient ventilation to offer spacious and comfortable living. They are designed with&nbsp;custom kitchens and bathrooms, incorporating designer lighting and Miele appliances.

Buyers will have the option of two different colour schemes. The Steam colour scheme features refined details of copper, black and brushed nickel, complemented by warm and pared back touches of timber, while the Patina scheme offers residents a more bold and lively approach, with sophisticated hues of deep greens contrasting with vivid whites, glimmering Inca gold, and an array of mixed metals.

[smartcode_project:default project_id=138755 project_image_fid=280563]

Residents will benefit from several amenities, including access to an Orangerie, which can be used for dining or yoga.&nbsp; The building also provides private, secure storerooms and bicycle storage. Common areas are powered by solar energy, reflecting Willing's commitment to sustainability.

Willing Property's construction arm will handle the build of the striking development.

[smartcode_project:default project_id=138755 project_image_fid=280567]

Willing Property was founded by Tim Willing in 2012, but the Willing family name has been synonymous with Perth development since the late 1960s.

Tim's father Doug built homes across Western Australia from 1969, with Tim and his brother Dayne growing up on building sites.

[smartcode_project_cta:default project_id=138755]

Klopper & Davis Architects Founder and Director, Sam Klopper, says like the famous Flatiron building, the site of West forms the junction between the orderly and the sublime


Willing Property to bring New York to Mt Lawley with West Residences apartments

Melbourne property developer MunCorp has officially commenced construction on its new Blackburn Quarter townhouse development.&nbsp;

Half of the townhouses were already sold, primarily to local buyers, following the project's launch.

[smartcode_project:default project_id=2725 project_image_fid=29563]

Upon completion, <a href="/new-apartments/blackburn-vic-3130">Blackburn Quarter</a> will comprise 39 townhouses, available in both three and four-bedroom configurations.

MunCorp has partnered with <a href="/architects/cera-stribley-architects">Cera Stribley</a> who have crafted the interiors. Inspiration to create a harmonious balance of functionality and contemporary aesthetics came from Blackburn's verdant surrounds.

The developer is committed to making their homes accessible to a wide range of buyers, including first-home buyers, downsizers, and investors.

[smartcode_project:default project_id=2725 project_image_fid=273183]

<a href="/developers/muncorp">MunCorp</a> Managing Director Jake Munday said the company is doubling down in 2024 to grow its pipeline to $400 million delivered in the next four to five years.

Strategically located, Blackburn Quarter provides residents with convenient access to several key shopping centres, including Box Hill Central, Westfield Doncaster, and Blackburn Square.

Prices for Blackburn Quarter townhouses start at $999,000.

[smartcode_project_cta:default project_id=2725]

MunCorp Managing Director Jake Munday said the company is doubling down in 2024 to grow its pipeline to $400 million delivered in the next four to five years

MunCorp breaks ground on Blackburn Quarter townhouses

OSK Property has appointed construction company Multiplex to deliver the next stage of their $3 billion Southbank precinct, Melbourne Square.

Multiplex,&nbsp;which also built the first two towers in Stage 1 of <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a>,&nbsp;broke ground on <a href="/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a>&nbsp;this week and&nbsp;will now commence construction of the 74-level tower. They're expecting to complete the building in Q1 2028.

The milestone comes just nine months after BLVD’s official launch in October 2023.&nbsp;

Having achieved over 50 per cent of sales, construction commencing at BLVD marks another significant moment for Melbourne Square which has already enhanced the Southbank precinct with publicly accessible amenities like a 3,745 sqm park, full-line Woolworths supermarket, an early learning centre and a growing range of retail destinations.

[smartcode_project:default project_id=107714 project_image_fid=227201]

BLVD will deliver much-needed residential stock to <a href="/developments/southbank-vic-3006">Southbank</a>, bringing together 602 residences and offering a host of amenities including private dining rooms, state-of-the-art gyms, a 25m indoor swimming pool, spa, sauna, golf simulator, entertainment and lounge spaces, and a double-storey co-working area on levels 55 and 56.&nbsp;

Beyond its architectural grandeur, BLVD embodies a commitment to sustainability and well-being, &nbsp;featuring carbon-neutral operation-enabled residences, gas-free design, EV charging stations, a zen garden, other premium resident amenities, and design that’s focused on improving the health and &nbsp;wellness of residents.&nbsp;

It is also in pre-registration to pursue WELL Certification – a rating system that certifies a building’s &nbsp;impact on health and wellbeing, and that demonstrates industry excellence in meeting stringent &nbsp;sustainability goals.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=214122]

“The BLVD groundbreaking represents a major milestone for the Melbourne Square precinct, which has two existing towers and will also feature a build-to-rent tower alongside the build-to-sell residences”, says OSK Group Executive Chairman, Tan Sri Ong Leong Huat.&nbsp;

"Commencing construction represents the culmination of a team effort between OSK Property and our project partners and our unwavering commitment to BLVD and the entire Melbourne Square precinct.

“We extend our heartfelt gratitude to our dedicated staff, esteemed project partners, and diligent sales agents for their incredible work across BLVD to date, and are looking forward to seeing this tower come to life."

Multiplex Regional Managing Director of Victoria and South Australia, Ross Snowball, said Multiplex is proud to be partnering with OSK once again on the Melbourne Square precinct, one of Australia’s largest and most exciting development projects.&nbsp;

“After delivering the first two towers, we are excited to deliver the third tower, BLVD - continuing the same community legacy we started back in 2017," Snowball said.

“Seven years later there is nothing more rewarding than being part of this precinct again, building a residential tower that will enhance our city from the ground up. What’s even more special is that some of those original team members will be back building BLVD."

[smartcode_project:default project_id=107714 project_image_fid=211874]

Attending the groundbreaking ceremony event in person, City of Melbourne Deputy Lord Mayor Nicholas Reece said this was a monumental moment for the city.

“Melbourne Square homes give residents access to all that we love about Southbank," Reece said.

“Arts institutions that are second to none. Proximity to the central city and to the beach – to the &nbsp;Botanic Gardens and, importantly, to community facilities already enjoyed by those who live in Southbank.&nbsp;

“BLVD will be a transformational development for Melbourne’s CBD, adding critical housing stock to the market as well as important residential and local amenities."

<a href="/developers/osk-property">OSK Property</a> and Multiplex celebrated the groundbreaking with a ceremony hosted on-site, which brought together key stakeholders, OSK Property personnel and the Multiplex team.&nbsp;

Elsewhere in Melbourne Square, OSK Property <a href="/news/vic/osk-property-commission-led-artwork-at-2-8-billion-melbourne-square-precinct">recently unveiled ‘Guardian Lion’ by Troy Emery</a>. The development’s newest captivating public art installation set to grace the skies of Melbourne later this year. &nbsp;

[smartcode_project_cta:default project_id=107714]

OSK Property and Multiplex celebrated the groundbreaking with a ceremony hosted on-site, which brought together key stakeholders, OSK Property personnel and the Multiplex team.

OSK Property and Multiplex break ground at BLVD, Melbourne Square

The development Abedian family has continued to bulk out its new apartment pipeline under its new private development company, Arium.

Having filed for a striking new building on the Greenmount Beach Hotel site in Coolangatta, and more recently securing two adjoining sites on Mary Avenue in Broadbeach, family patriarch Soheil Abedian has emerged as the buyer of a 516 sqm site at <a href="/new-apartments/11-anne-avenue-broadbeach">11 Anne Avenue</a>.

The site was bought from the Brisbane-based Di Carlo Property Group, who had approval for a luxury 17-level tower they were calling Lusso, Italian for skyhome.

<img alt="Lusso" data-entity-type="file" data-entity-uuid="e8893e6b-0c3e-488a-9317-9280b29b6c1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-13%20at%202.35.38%20pm.png?VersionId=LH8.8pM5uWlAto6K5Q3joqrEH6M4fXAN" />

The tower, designed by HAL Architects, was to have 15 full-floor apartments with four bedrooms and over 200 sqm internally.

It was only last month that Urban reported the Abedian's purchase of two adjoining sites on Mary Avenue.

They bought an amalgamated 1,518 sqm site at 14-18 Mary Avenue from Leo Sarris' Bassar Group who were planning a luxury tower Eternity. They then secured the 600 sqm next door at 20 Mary Avenue from Melbourne-based developer <a href="/developers/little-projects-co">Little Projects</a> who had two different towers launched over the last few years before scrapping the project.

The site, now over 2,100 sqm, faces the&nbsp;<a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>&nbsp;State School and will offer protected viewlines to the ocean.

Sahba Abedian, son of Soheil Abedian who founded Sunland back in 1983, announced the family back in the development scene in May 2023 when they filed plans for a new luxury project on the Greenmount Beach Hotel site, a site that was bought from Sunland for over $42 million through an onmarket campaign.

They had planned for a&nbsp;<a href="/news/qld/first-look-abedian-familys-plans-for-coolangattas-greenmount-beach-hotel-site-revealed">spaceship-looking tower by Contreras Earl Architecture</a>&nbsp;that would have had 54 apartments across 16 levels. However, in March they sought to change up the design, instead opting to create a two buildings on the sprawling 7,071 sqm block which will have 63 apartments.

<a href="/developers/arium">Arium</a> is only using two of the three sites as part of the Coolangatta development. They advise a 2,934 sqm portion on the corner of Eden Avenue and Hill Street will be used for stage two of the project.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-abedian-family-completely-redesign-greenmount-beach-hotel-redevelopment-in-coolangatta">First look exclusive: Abedian family completely redesign Greenmount Beach Hotel redevelopment in Coolangatta</a>

<img alt="First look exclusive: Abedian family line up next Gold Coast apartment development after multiple site acquisitions" 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/Screen%20Shot%202024-05-01%20at%203.02.25%20pm.png?VersionId=ZzN07l3CctC3zy3bTHQnbsdQxXKBI9TM" />

The Abedian family shut up shop of Sunland Group in 2022, shedding its assets and finishing its final tower, the luxury Mermaid Beach tower 272 Hedges Avenue.

Sunland was behind some of the Gold Coast's most well-known buildings, including Palazzo Versace and Q1.

When telling shareholders Sunland was exiting the development game, the Abedian family always said they would run a private development company.

It was only last month that Urban reported the Abedian's purchase of two adjoining sites on Mary Avenue

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