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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

Urban Property Group&nbsp;has picked&nbsp;Central Coast Quarter, the mixed-use development in Gosford, from collapsed developer St Hilliers Group.

The development comprises 334 apartments, 2,800 sqm of retail space, and a public domain, including a food and beverage precinct.

The <a href="/new-apartments/central-coast-quarter-32-mann-street-gosford">Central Coast Quarter</a> project transition to <a href="/developers/urban-property-group">Urban Property Group</a> reflects the NSW Industry reforms of the past five years, aimed at fostering trust and quality in the building sector.

David Chandler OAM, NSW Building Commissioner, highlighted this, stating, “Trustworthy players delivering trustworthy buildings – which we backed by the assurance of iCIRT ratings and LDI – 10-year warranty insurance.”

Urban Property Group views this acquisition as a strategic investment in the Central Coast. The company is committed to resuming construction immediately, starting with stage one, dubbed The Waterfront.&nbsp;

This phase will involve the development of a 25-storey mixed-use building. Sales for the project will recommence this month, and existing sales agreements will be honoured.

To protect buyers, Urban Property Group will implement 10-year Latent Defects Insurance, offering protection against unforeseen construction defects for a decade from the purchase date.&nbsp;

Read more:&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

The move aims to provide additional security and confidence to buyers, who have already been given the option to rescind their contracts if desired.

Patrick Elias, CEO of Urban Property Group, highlighted the crucial role of well-capitalised and well-managed property groups in maintaining stability and revitalising projects during uncertain times to ensure continuity for buyers, the construction industry, and communities.

Urban Property Group, a family business with over three decades of experience, plans to leverage its comprehensive capabilities in funding, designing, developing, and building to ensure the successful completion of the Central Coast Quarter project.

To protect buyers, Urban Property Group will implement 10-year Latent Defects Insurance, offering protection against unforeseen construction defects for a decade from the purchase date

mikah.m@urban.com.au

Urban Property Group acquires Central Coast Quarter from St Hilliers

Stage Two of the <a href="/developments/maidstone-vic-3012">Maidstone</a> townhouse development,&nbsp;<a href="/new-townhouses/wattle-house-maidstone-62-90-wattle-road-maidstone">Wattle House</a>, has been released to the market.

Located in the heart of family-oriented Maidstone, Wattle House comprises a total of 79 freehold townhouse lots designed by award-winning architect <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke</a>.

[smartcode_project:default project_id=142236 project_image_fid=245821]

Wattle House is characterised by a neutral external palette of materials that matches the homeliness of its interiors.

Each townhouse boasts a generous four-bedroom floor plan with secure garage parking, providing the space and flexibility for growing families.&nbsp;

[smartcode_project:default project_id=142236 project_image_fid=245823]

The homes come equipped with high-end SMEG appliances in their designer kitchens, complete with cleverly integrated storage solutions to ensure residents do not need to compromise on space within their homes.

Buyers at Wattle House also have the option to choose from two distinct colour palettes for their new homes.

[smartcode_project:default project_id=142236 project_image_fid=245826]

Residents of Wattle House will have access to a range of amenities, including the existing Central Park, gardens, children’s playground, and BBQ area that are part of the newly completed Stage One of the development.&nbsp;

The community is also strategically situated, offering easy access to Highpoint Shopping Center and <a href="/new-apartments/maribyrnong-vic-3032">Maribyrnong</a>.

Prices for the Stage Two units at Wattle House start from $945,000.

[smartcode_project_cta:default project_id=142236]

Prices for the Stage Two units at Wattle House start from $945,000

Remaining Wattle House townhouses in Maidstone released

KM Develop's Chapter Ashburton apartment development is nearing its final stages, with construction now 95 per cent complete.&nbsp;

Located at 363-367 High Street in Ashburton, <a href="/buildings/chapter-ashburton-363-367-high-street-ashburton">Chapter Ashburton</a> comprises 24 one, two, and three-bedroom apartments designed with the owner-occupier in mind, in a collaborative effort between <a href="/architects/ewert-leaf">Ewert Leaf</a> and landscape architecture firm <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick</a>.&nbsp;

<a href="/builders/hamilton-marino">Hamilton Marino</a>, the construction firm behind the project, has projected the development to be fully completed within three weeks.&nbsp;

[smartcode_project:default project_id=105071 project_image_fid=230438]

Chapter has already sold over 85 per cent of its apartments, with only a few two and three-bedroom units still available, starting at $898,000. KM Develop is only requiring a $20,000 deposit at this stage.

Steven Wong, <a href="/developers/km-develop">KM Develop</a> Managing Director, expressed his enthusiasm for the project, highlighting its significance for the area.

"Apartment projects of this quality do not exist in <a href="/developments/ashburton-vic-3147">Ashburton</a>," Wong says.

"The options for people to downsize within this area are very limited. People love living in Ashburton because of its great vibe and strong sense of community. We saw an opportunity to fill a gap and to provide high-quality apartments equal to those you see in <a href="/new-apartments/glen-iris-vic-3146">Glen Iris</a>, <a href="/new-apartments/malvern-vic-3144">Malvern</a>, and <a href="/new-apartments/camberwell-vic-3124">Camberwell</a>."

[smartcode_project:default project_id=105071 project_image_fid=205545]

Residents of Chapter Ashburton will enjoy an array of amenities, including EV charging with individual power outlets for all resident car parking spaces, integrated parcel delivery through secure lockers, and a convenient dog wash bay for pet owners.&nbsp;

The project also meets BESS sustainability standards, incorporating initiatives such as a rainwater harvesting system for toilet flushing and irrigation.

Darren Blair from Blair Property Group is handling the sales.

[smartcode_project_cta:default project_id=105071]

Steven Wong, KM Develop Managing Director, expressed his enthusiasm for the project, highlighting its significance for the area

KM Develop's Chapter Ashburton now 95 per cent complete

Multi-residential apartment developer H1Land Group has commenced construction on their Highett apartment development, Southpoint.

<a href="/developers/h1land-group">H1Land</a> grabbed one of the most connected blocks of land in the whole of Highett, where the&nbsp;<a href="/architects/rothelowman">Rothelowman</a>-designed <a href="/new-apartments/southpoint-highett-1233-nepean-highway-highett">Southpoint</a> towers will rise from completed in early 2026.

[smartcode_project:default project_id=3844 project_image_fid=224757]

Southpoint will consist of a 12-level building offering views over Bayside and a four-level building fronting Matthieson Street, designed for more exclusive, boutique-style living.

The development will include 217 apartments, ranging from one to three bedrooms, with prices starting at $465,000 for a one-bedroom unit.

The 12-level building will feature rooftop amenities, including a plunge pool, communal well-being spaces, barbecue facilities, and a bar area. These amenities will provide uninterrupted 360-degree views of the Bay, CBD, and Dandenong Ranges.

[smartcode_project:default project_id=3844 project_image_fid=224760]

Southpoint is strategically located across the road from Westfield Southland, one of Australia's largest shopping centres, and is just a six-minute walk from Southland Train Station.

The development is also a 10-minute drive from Melbourne's Bayside beaches and within the catchment area of several reputable educational institutions including Firbank Grammar, Mentone Grammar, and Cheltenham Secondary College.

Southpoint is expected to be completed by early 2026, providing a mix of residential options aimed at both families and professionals looking for a connected and well-serviced location.

Savills is handling the project marketing for Southpoint.

[smartcode_project_cta:default project_id=3844]

Southpoint is expected to be completed by early 2026, providing a mix of residential options aimed at both families and professionals looking for a connected and well-serviced location

H1Land Group commence construction on Southpoint, Highett apartments

The eastern Melbourne suburb of Scoresby, on the fringe of the Dandenong Ranges, has recently welcomed a rare new townhouse development.

The boutique project at <a href="/buildings/747-749-stud-road-scoresby">747-749 Stud Road</a> comprises 12 modern townhouses designed to cater to families and professionals looking for affordable luxury in a well-connected and community-focused area.

With prices starting from $680,000, the development offers a mix of two to four-bedroom configurations.

[smartcode_project:default project_id=108727 project_image_fid=179504]

Each townhouse features a modern open-plan design with large windows to maximise natural light. Many units also include a balcony.

Durable stone benchtops add a sleekness to the kitchens well-equipped with BOSCH stainless steel appliances.

The residences come with multiple bathrooms, all featuring floor-to-ceiling tiles.

[smartcode_project:default project_id=108727 project_image_fid=179505]

The development is situated across the road from the Scoresby Recreation Reserve, home to local tennis, health, and cricket clubs.&nbsp;

The location also offers convenient access to a Woolworths supermarket, various specialty stores, and dining options such as Cinta Raya Restaurant, Cafe Dinicious, and Stanley Burgers.

Educational institutions are within a short drive, with Swinburne University of Technology and several primary and secondary schools, including <a href="/developments/scoresby-vic-3179">Scoresby</a> Primary School, Carrington Primary School, and Scoresby Secondary College, all nearby.

[smartcode_project_cta:default project_id=108727]

With prices starting from $680,000, the development offers a mix of two to four-bedroom configurations

Scoresby welcomes rare new townhouse development

<a href="/developers/m3-group">M3 Group</a> has sold out all of the townhomes at their <a href="/buildings/158-purinuan-rd-by-m3-group-158-purinuan-road-reservoir">158 Purinuan Road</a> development.

The development, which features four two-bedroom townhomes, is nearing completion, with new owners set to move in over the next few weeks.

Each townhome includes two bedrooms, private ensuites, a courtyard, and a single garage.

158 Purinuan Rd blends traditional design elements with contemporary touches, such as feature brickwork and a curated material palette, reflecting the character of Reservoir.

The homes are also designed with sustainability in mind, featuring a minimum 6-star energy rating, rainwater collection tanks, and EV-ready garages.

The development is just steps from Cheddar Road and minutes from the heart of Reservoir, with a short walk to the train station.

158 Purinuan Rd is part of a trio of developments by M3 Group in Reservoir, including projects at <a href="/buildings/48-dundee-st-by-m3-group-48-dundee-street-reservoir">48 Dundee Street</a> and <a href="/buildings/69-hickford-st-by-m3-group-69-hickford-street-reservoir">69 Hickford Street</a>. Each development is located within a few hundred metres of one another.&nbsp;

The Hickford and Dundee St projects have one townhouse left in each. Darren Blair from Blair Property sold out 158 Purinuan, and is handling the sales of the other two projects.

M3 Group sell out Reservoir townhouse development, 158 Purinuan Road

Award-winning developer <a href="/developers/toore-developments">Toore Developments</a> has completed its Catalina apartment development in <a href="/developments/wynnum-qld-4178">Wynnum</a>, adding 28 new residences to the suburb's limited apartment supply.

Designed by <a href="/new-apartments/brisbane-qld">Brisbane</a>-based boutique studio <a href="/architects/red-door-architecture">Red Door Architecture</a>, <a href="/buildings/catalina-residences-wynnum-117-chestnut-street-wynnum-qld">Catalina</a> stands out as a landmark building that reflects the seaside elements that define Wynnum's rich history of sailing and bayside lifestyle.

[smartcode_project:default project_id=142528 project_image_fid=231651]

The interiors of Catalina feature bespoke details, natural finishes, and spacious layouts that evoke a grand, house-like feel.&nbsp;

Each residence boasts a large entertainer kitchen with a full-height pantry and stone benchtops, complemented by premium European appliances.&nbsp;

The expansive wrap-around balconies provide residents with outdoor spaces ideal for entertaining and enjoying the coastal ambience.

[smartcode_project:default project_id=142528 project_image_fid=231649]

Sustainability is a key focus of Catalina, with initiatives such as two dedicated EV charging stations, rainwater tank harvesting, and an all-electric hot water system and appliances. These features align with modern environmental standards and contribute to the development's overall eco-friendly design.

Catalina is crowned by a rooftop oasis, which includes a heated pool with views of the islands, designer sun lounges, a yoga and training lawn, BBQ facilities, outdoor dining areas, and a resort-style outdoor shower—all surrounded by mature sub-tropical landscaping by <a href="/landscape-architect/form">Form Landscape Architects</a>.

The residences at Catalina offer two-bedroom options starting at $1.1 million and three-bedroom units from $1.25 million

[smartcode_project_cta:default project_id=142528]

The residences at Catalina offer two-bedroom options starting at $1.1 million and three-bedroom units from $1.25 millio

Torre Developments complete Catalina Residences in Wynnum

Brisbane's&nbsp;<a href="/developments/nundah-qld-4012">Nundah</a> Village is set to undergo a vibrant transformation with the launch of multi-award-winning property developer Gardner Vaughan Group's (GVG) mixed-use residential and commercial development, DANBY LN.

Located at the corners of Danby Lane, Buckland Road, and Sandgate Road, DANBY LN marks GVG’s 20th residential endeavour in South East Queensland.

<a href="/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah">DANBY LN</a> will feature a 12-level tower comprising 84 pet-friendly apartments, ranging from one to four bedrooms. The apartments are priced between $599,000 and $3,199,000.&nbsp;

<img alt="Gardner Vaughan Group's DANBY LN - interior" data-entity-type="file" data-entity-uuid="f7633295-8f87-40bb-950b-340bc9b05ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Danby%20Lane%20interior.jpg?VersionId=791r8A4u9xEPN1EH4yp4CUyH7oNyWCtV" />

The development will integrate premium residential units with ground-floor retail spaces, first-floor commercial areas, and recreational facilities spread across several levels.

The ground floor will house three retail tenancies, bike storage, and parcel lockers, while the first floor will feature a resident pool and gym, alongside commercial spaces.&nbsp;

Crowning DANBY LN will be a rooftop complete with BBQ facilities, a herb and vegetable garden, and outdoor dining areas.

<img alt="Gardner Vaughan Group's DANBY LN - pool" data-entity-type="file" data-entity-uuid="d83ec37d-0ead-4fc6-9993-d7afc6d21180" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Danby%20Lane%20pool.jpg?VersionId=Vt9sjrU5BnS8dvOrujEZwON5rMpahImL" />

Bicycle storage will be available in the basement, and user-paid EV charging stations will be operational upon project completion.

DANBY LN has been designed with sustainability in mind and will be solar-compatible.&nbsp; The development has achieved EnviroDevelopment status across all six elements: ecosystems, waste, energy, materials, water, and community.

<a href="/developers/gardner-vaughan-group">Gardner Vaughan</a>, an integrated builder-developer, is forecasting the completion of DANBY LN in mid-2026.

The family-run developer has an extensive portfolio of apartment developments across South East Queensland. They are approaching completion of their Chermside multi-stage development Estillo on the Park, while they have several projects on the Sunshine Coast.

[smartcode_project_cta:default project_id=112531]

Gardner Vaughan, an integrated builder-developer, is forecasting the completion of DANBY LN in mid-2026

Launch Alert: Gardner Vaughan Group launch DANBY LN as part of Nundah Village transformation

When prominent Sydney developer&nbsp;<a href="/developers/deicorp">Deicorp</a>, one of the largest apartment developers in Australia, heard of a new way of giving their customers confidence in buying off the plan, their interests were immediately piqued.

The new game-changing policy is Latent Defects Insurance, only offered in Australia by Resilience Insurance. Resilience <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">Latent Defects Insurance</a>, or LDI, covers an off the plan property buyer for 10 years post-completion for any costs associated with structural defects in their new apartment and the building as a whole.

Read more:&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

Deicorp is such a huge advocate for consumer confidence that they've taken the policy out on three of their current apartment developments, The Hyde Metropolitan on Hyde Park, Downtown in Zetland which is approaching completion, and their recently launched Cosmopolitan Parramatta project.

Deicorp Executive Manager of Corporate Communications, Robert Furolo, says they know from&nbsp;talking with their buyers that one of the biggest factors that help them make their decision is whether they trust the developer.

“With our 4-Star Gold iCIRT rating and strong track record, buyers know that Deicorp stands behind every apartment we build, and we’ll be here with them should there be any problems," Furolo says.

“Another factor that has really helped buyers feel confident when making their decision is the new 10-year insurance coverage Deicorp now provides. Importantly, the insurance is only offered to a developer after a rigorous and independent inspection of their building during construction to make sure it has been built properly. Buildings with LDI give purchasers another level of confidence when buying off-the-plan."

Deicorp is in the final stages of construction at <a href="/buildings/downtown-zetland-106-116-epsom-road-zetland">Downtown Zetland</a>, their four-building, laneway-laden community with extensive retail and hospitality. All but sold out, the 546-apartment development will be one of the first to be completed with Resilience LDI. The policy kicks in on construction completion and lasts for 10 years. The policy passes to the next owner, should the initial purchaser sell their apartment within the first 10 years of the building being finished.

[smartcode_project:default project_id=7106 project_image_fid=239175]

Resilience Insurance CEO Corey Nugent says interest in the policy from Deicorp chairman&nbsp;Fouad Deiri was immediate.

"Despite Deicorp already having one of the best reputations in the apartment development market, Faoud wants to continue to give consumers the assurances that what they're building is both structurally sound and delivered to the standards promised when purchased off the plan.&nbsp;

"It's that sort of attitude that the industry needs and will give some much-needed confidence to prospective buyers that off the plan apartments are a solid investment option."

[smartcode_project:default project_id=7106 project_image_fid=239170]

The policy can only be taken out before construction commences on a building so Resilience and its team of experts&nbsp;are on the ground from the get-go.

Deicorp has LDI already secured for their two developments in Sydney's largest CBD's.

Their <a href="/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney">Hyde Metropolitan tower on Liverpool Street</a>, on the fringe of Hyde Park, is expected to complete construction in late 2028. The Candalepas Associates-designed building will replace the old Polding Centre on a prime 1,600 sqm site and will have 168 apartments across 55 levels.

[smartcode_project:default project_id=21809 project_image_fid=215728]

Deicorp's other project with LDI is in <a href="/developments/parramatta-nsw-2150">Parramatta</a>. The recently launched&nbsp;<a href="/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan by Deicorp</a>&nbsp;will comprise 600 apartments across two 45-level towers designed by <a href="/architects/turner-studio">Turner Studio</a>.&nbsp;

Cosmopolitan includes a new retail village hub, extensive retail and hospitality frontages, and an open-air community space with barbecue facilities and group gathering areas.

Deicorp has even taken the policy out on Rumbalara Residences, the Gosford apartment development where they're acting as the builder for Alceon.

<h2>What is Resilience LDI?</h2>

Resilience LDI is the first Latent Defects Insurance policy in Australia. The insurance provides off the plan apartment buyers with a 10-year warranty on their new apartment and the building it's situated in.

The cover is purchased by the property developer/builder (pre-construction) and is designed to protect owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

For more information about Resilience LDI,&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">click here</a>.

Deicorp Executive Manager of Corporate Communications, Robert Furolo, says they know from talking with their buyers that one of the biggest factors that help them make their decision is whether they trust the developer

Why Deicorp is rolling out Resilience Latent Defects Insurance across its major Sydney apartment developments

Off the plan apartment buyers at AURA by Aqualand will soon be moving into their new luxury residence, as Aqualand start to put the finishing touches to their landmark North Sydney apartment development.

Construction is almost complete at AURA by Aqualand, with the build behind handled by Aqualand's internal construction arm.&nbsp;

While they fit out the apartments with some of the finest finishes a North Sydney apartment development has ever witnessed, the team has created a number of display apartments so prospective purchasers can touch and feel the exact apartment they'll be purchasing.

We recently took a tour of one of several completed display apartments at AURA by Aqualand, and needless to say, we weren't surprised by the quality of craftsmanship in the finished product, akin to what they produced at their display suite.

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[smartcode_project_cta:default project_id=30959]

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