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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

Ballina hasn't seen a new development anywhere near the quality of Mana before.

Omira Property Group, a regarded boutique townhouse and villa developer in the Northern Rivers region of New South Wales, took their smarts from their award-winning Byron Bay villa development, Asana, and brought them to <a href="/new-townhouses/ballina-nsw-2478">Ballina</a>, where they've replicated the same quality and craftsmanship but on a larger scale.

They brought C2 Architecture, the architecture firm from Asana, onto the project. They've designed 14 luxury villas that sit both on the fringe of town and on the fringe of North Creek.

We recently sat down with&nbsp;<a href="/developers/omira-property-group">Omira Property Group</a>&nbsp;Director Alasdair Baker, C2 Architecture's George Chambers, and Pacifico Property sales agent Christian Sergiacomi, to discuss the project.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/qKqEfKw5bt8?si=mXZ-XX79M6E76AdF" title="YouTube video player" width="560"></iframe>

Baker says the concept embodies an iconic coastal aesthetic, while Mon Palmer at Bare Cabo design studio, has developed an interior scheme that reflects the serenity of the sandy beaches in the area.

George Chambers, Principal at C2 Architecture, says the villas have been designed to be enjoyed with occupants with nothing overlooked.

[smartcode_project:default project_id=144558 project_image_fid=264608]

"Given all the sites were located on the coastal edge, it allowed us to create and translate each villa into a wonderful, modern interpretation of the traditional beach house," Chambers says.

Each villa offers 220 sqm of living space, three bedrooms, alfresco dining and a striking kitchen living and dining area featuring a striking built-in fireplace.

One of the villas was snapped up pre-launch for $2.4 million. The buyer were well aware of the quality both Omira and C2 have created previously and didn't want to miss this rare opportunity of having one of the finest new homes in Ballina.

<a href="/new-townhouses/mana-ballina-86-90-norton-street-ballina">Mana Ballina</a> is set to complete construction in late 2025.

[smartcode_project_cta:default project_id=144558]

George Chambers, Principal at C2 Architecture, says the villas have been designed to be enjoyed with occupants with nothing overlooked

Inside Mana Ballina: Urban speaks to the key stakeholders in Ballina's best new development

Renowned Melbourne-based developer <a href="/developers/hirsch-faigen">Hirsch &amp; Faigen</a> has unveiled one of the most exclusive penthouse offerings ever released on the southern Gold Coast, part of the completion of its $75 million apartment development,&nbsp;<a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson Kirra</a>.

With nearly 20 metres of north-facing glass frontage and spanning over 500 sqm, the four-bedroom residence offers open-plan living and dining areas designed to take advantage of the panoramic 270-degree views over the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>,&nbsp;

The penthouse includes a butler’s pantry with living areas supplemented by a designated master wing with a fully equipped dedicated private office, additional multi-purpose room and kitchenette. Each of the four bedrooms features an ensuite.

[smartcode_project:default project_id=106646 project_image_fid=278791]

Emerson Penthouse boasts a prime location opposite Kirra Beach Hotel, offering first-class hospitality in the vibrant hub of the Southern Gold Coast.

The crown jewel of Emerson is primed for immediate occupancy, positioning the penthouse among a rare breed of new residential offerings on the Gold Coast where buyers have been seeking greater certainty in relation to project completion before committing to a purchase.

With an asking price in excess of $10 million, Emerson joins the rarefied air of being one of only a handful of such ultra-luxury offerings on the southern Gold Coast.

[smartcode_project:default project_id=106646 project_image_fid=278790]

Hirsch &amp; Faigen Sales and Marketing Director, Matt George, says Emerson presents a rare opportunity on the east coast.

&nbsp;

"In reality, there are only a handful of key prestige north-facing beaches on Australia’s eastern seaboard - <a href="/new-apartments/kirra-qld-4225">Kirra</a>, <a href="/new-apartments/noosa-qld">Noosa</a> and Byron Bay – that take advantage of such a position and Emerson is one of the most exclusive and unique opportunities in any of these locations,” George said.

“Hirsch and Faigen have taken advantage of this outlook by creating large but functional and opulent spaces from which to maximise the extraordinary view corridors that this project offers”.&nbsp;

[smartcode_project:default project_id=106646 project_image_fid=278797]

Daniel Faigen, Director of Hirsch &amp; Faigen said they have left the best for last at Emerson, following an extremely successful campaign in which the remainder of the project has sold out.

"We are proud to unveil what we believe to be one of the finest properties on the Gold Coast," Faigen said.

“The Emerson Penthouse offers a lifestyle of exclusivity that truly sets it apart as a standout offering in the market”.&nbsp;

&nbsp;

Designed by Queensland’s leading architecture firm Rothelowman, the penthouse seamlessly merges classic beachside aesthetics with modern functionality, tailored for contemporary Kirra living.&nbsp;

Featuring ceilings soaring over three-meters and expansive wall-length windows framing cinematic views of Kirra, the penthouse offers endless opportunities for residents to immerse themselves in its stunning surroundings from a secluded, elevated retreat.

[smartcode_project:default project_id=106646 project_image_fid=278796]

Rothelowman Principal Architect Jeff Brown said they have curated&nbsp;an oasis at Emerson Kirra.

“In designing the Emerson Kirra penthouse, we sought to create more than just a residence. Every element is thoughtfully designed to evoke a sense of awe and connection, inviting residents to savour each moment amidst Kirra's panoramic vistas”.&nbsp;

&nbsp;

Nestled within tropical landscaping, a north-facing outdoor sun lounge overlooks a resort-style pool offering, accompanied by world-class amenities, including the sun lounge and pool deck, designed to create a beachside connection for residents throughout the building.

[smartcode_project:default project_id=106646 project_image_fid=278794]

Upon arrival, residents are welcomed into a bespoke central foyer extending from the lobby and serving as an extension of owners' homes.&nbsp;

Featuring a private 'work-life' lounge, this space boasts quiet, private alcoves, open table workspaces, comfortable loungers, and ample seating, perfect for conducting meetings, unwinding with a novel, or socialising with friends and colleagues.

The Emerson Penthouse offers its residents parking for up to four cars, along with designated storage space, a luxury tailored for the most discerning buyers.&nbsp;

&nbsp;

[smartcode_project_cta:default project_id=106646]

Rothelowman Principal Architect Jeff Brown said they have curated an oasis at Emerson Kirra

Hirsch & Faigen unveil $10 million penthouse atop Emerson Kirra

Fortis&nbsp;luxury Rose Bay apartment development, Atlas, is approaching a significant milestone.

Luxury builder&nbsp;<a href="/builders/lords-group">Lords Group</a>&nbsp;is set to remove the scaffolding from the boutique development of just 12 apartments at 5 Spencer Street

The scaffold removal marks a crucial phase in the project's progression as the final touches on the external facade and the installation of penthouse skylights near completion.

[smartcode_project:default project_id=108914 project_image_fid=232942]

<a href="/buildings/atlas-rose-bay-5-spencer-street-rose-bay">Atlas</a>&nbsp;represents the third residential development in <a href="/developments/rose-bay-nsw-2029">Rose Bay</a> for <a href="/developers/fortis">Fortis</a>.

The development sits on a 2,223 sqm site, which consolidates four independent properties acquired by Fortis for $28.5 million in early 2021.&nbsp;

The building, designed by <a href="/architects/mhn-design-union">MHN Design Union</a>, is home to a mix of grandly proportioned two, three, and four-bedroom apartments with interiors curated by Alexander &amp; CO.&nbsp;

[smartcode_project:default project_id=108914 project_image_fid=233853]

Each unit features expansive living, entertainment, and outdoor areas.

Atlas is located just a short walk from <a href="/developments/rose-bay-nsw-2029">Rose Bay</a> village, offering residents easy access to local amenities.

The project remains on track for a mid-2024 move-in date and has only a few apartments remaining.

[smartcode_project_cta:default project_id=108914]

Atlas represents the third residential development in Rose Bay for Fortis

mikah.m@urban.com.au

Lords Group to bring scaffolding down at Fortis' Atlas in Rose Bay

The average price for new apartments sold on the Gold Coast has risen more than $500,000 in the past six months as sustained demand and dwindling supply combined with a sharp rise in interstate investor activity and construction costs continue to impact property values.

The <a href="/architects/urbis">Urbis</a> Apartment Market Essentials report for the March quarter has revealed that new apartment sales achieved a weighted average sale price of $1.73 million, the highest since Urbis began monitoring the new apartment market in 2014.&nbsp;

This is up from $1.67 million in the December quarter, and $1.13 million in September quarter.

[smartcode_project:default project_id=112024 project_image_fid=241133]

The <a href="/developments/gold-coast-qld">Gold Coast</a>&nbsp;recorded 240 new apartment sales in the three months to the end of March, on par with the 236 sales in the previous quarter, which Urbis director Paul Riga says highlights the consistency of demand.

“Price growth has been a key feature of the latest data along with a strong resurgence of investor activity,” Riga said.

“Interstate investors in the latest quarter have overtaken owner-occupiers at the rate of 38 per cent versus 29 per cent of total sales. Local investors accounted for 20% of sales and overseas buyers 13%.&nbsp;

“This is a significant shift from the trend of recent years when we saw an all-time high of 65 per cent owner-occupier sales in 2020 during the peak of the pandemic.&nbsp;

“While the owner-occupier market remains strong, the latest quarter possibly signals a return to long-term trends as prior to 2016 owner occupiers accounted for 30 per cent of sales.”

[smartcode_project:default project_id=102340 project_image_fid=273593]

Urbis data shows that 59 per cent of sales comprised two-bedroom, two-bathroom apartments, which is typically favoured by investors, while 29 per cent of sales were three-bedroom apartments.

“The low level of new supply coming to the market is keeping conditions tight, with only two new projects yielding a total of 112 apartments launched on the Gold Coast during the first quarter of 2024.”

Urbis has again reiterated that the broader Gold Coast market remains undersupplied, with just 1,396 apartments remaining for sale which is the lowest since the end of 2022.

Nearly all of the sales in the March quarter were made in the traditional Surfers Paradise-Broadbeach precinct, with the main contributors being <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A Broadbeach</a>, <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a> and <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>.

“That’s understandable as 92 per cent of the remaining supply is located in the Gold Coast Central Precinct,” Riga added.

“All other precincts on the Coast remain in undersupply.”

[smartcode_project:default project_id=107928 project_image_fid=234098]

Of the 240 total sales recorded during the quarter, 229 were located in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/developments/chevron-island-qld-4217">Chevron Island</a>, <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, and <a href="/developments/main-beach-qld-4217">Main Beach</a>.

“The Central Precinct is heading back to its roots with current and future projects moving to higher density and multiple-tower projects post-pandemic.

“Looking ahead, the majority of apartments in future supply are also located in the precinct so the strong sales rates should continue.”

[smartcode_project:default project_id=108641 project_image_fid=192961]

The heightened buyer activity in the Gold Coast Central Precinct led to a weighted average sale price of $1.7 million during the first three months of this year which is also the highest since Urbis began monitoring the new apartment market a decade ago.

Almost all of the sales across the Gold Coast, or 91 per cent of them, during the quarter were priced at more than $1 million, while the remaining nine per cent were priced from $600,000 to $999,999.

The Gold Coast recorded 240 new apartment sales in the three months to the end of March, on par with the 236 sales in the previous quarter

New Gold Coast apartment prices surge $500,000 in six months as investors return

Creating a unique and sustainable living experience is the focus of Kokomo Gold Coast, collaborating with highly renowned architectural firm DBI to bring the design to life.

<a href="/new-apartments/kokomo-gold-coast-580-nerang-broadbeach-road-carrara">Kokomo</a> offers an exclusive collection of 68 riverfront apartments in <a href="/new-apartments/carrara-qld-4211">Carrara</a>, bringing a modern take on resort-style living.

[smartcode_project:default project_id=21610 project_image_fid=187027]

Each of the six storey low-rise buildings present a limited collection of two, three-bedroom and penthouse apartments, thoughtfully designed to include balconies, butler pantries, ample storage and car parking.

Residents are afforded exclusive access to private amenities across the development with a range of community meeting places, as well as a central infinity pool, fringed by lounges and river-view pavilions.

Kokomo is underpinned by a guiding ethos of sustainability and care, undertaking a range of initiatives to connect the development to the community and planet.

A partnership with a managed network provider has been set up to deliver Kokomo’s energy needs, along will bulk-buying energy for the entire development, in turn maximising the use of on-site solar panels and reducing carbon emissions. Electric vehicle chargers will be provided throughout also.

[smartcode_project:default project_id=21610 project_image_fid=187031]

“Residents can rest assured that buying into the low energy, high amenity residences at Kokomo doubles as an investment in the wellbeing of the planet,” developer Brick Stone Developments noted in their plans.

The apartments are nestled amidst a subtropical landscape, which includes meandering walkways and Pandanus and Foxtail Palms. Preserving the established vegetation along the eastern and western boundaries during all stages of development was a focus for the property group, resulting in a private oasis that complements the surrounding environment.

[smartcode_project:default project_id=21610 project_image_fid=187044]

All homes feature material suppliers carefully selected for their premium products and ecologically responsible production processes, as well as all homes featuring appliances by Swiss manufacturer V-ZUG who are globally renowned for their quality and commitment to sustainability.

Kokomo recently completed its construction.

[smartcode_project_cta: project_id=21610]

“Residents can rest assured that buying into the low energy, high amenity residences at Kokomo doubles as an investment in the wellbeing of the planet,” noted Brick Stone in their development plans

Brick Stone puts sustainability at the forefront of Gold Coast apartment development Kokomo

South East Queensland developer Rogerscorp has launched to market its latest townhouse project, Nautica, following the successful sell-out of their Fable development in Everton Park.&nbsp;

Located in the beachfront suburb of <a href="/developments/margate-qld-4019">Margate</a>&nbsp;on the Redcliffe Peninsula, <a href="/new-townhouses/nautica-by-rogerscorp-margate-24-beaconsfield-street-margate-qld-4019">Nautica</a> is a collection of 42 three and four-bedroom villas, ranging from 183 sqm to 213 sqm.

[smartcode_project:default project_id=143823 project_image_fid=270716]

Nautica features a rich textural palette with natural timbers and stone, complemented by whites throughout.&nbsp;

The spacious open floor plans are designed to integrate living and dining spaces, extending into the kitchen well-equipped with Bosch appliances.

The homes include generous glazing throughout to maximise natural light.

[smartcode_project:default project_id=143823 project_image_fid=270717]

Residents will have access to private amenities, including an outdoor seating area with a fire pit, an outdoor shower, a wellness lawn, and a community herb and veggie garden.

Nautica is also just 320 metres from the beach and 200 metres from Margate Village.

The project is expected to be completed by 2025. Position Property is marketing Nautica.

Earlier this year <a href="/developers/rogerscorp-pty-ltd">Rogerscorp</a> sold out <a href="/buildings/fable-by-rogerscorp-31-woolworths-street-everton-park">Fable</a>, their <a href="/new-townhouses/everton-park-qld-4053">Everton Park townhouse development</a>. They recently announced their first Gold Coast townhouse development, in <a href="/developments/labrador-qld-4215">Labrador</a>, where they <a href="/news/qld/first-look-exclusive-rogerscorp-set-for-gold-coast-townhouse-development-wirra-estate">bought a 1.5-hectare site that will home 42 townhouses</a>.

[smartcode_project_cta:default project_id=143823]

Launch Alert: Rogerscorp launch latest townhouse development, Nautica in Margate

Melbourne-based developer Little Projects and joint venture partner R.Corp have received approval for their Broadbeach apartment tower, One Australia, following a revision of their original plans.&nbsp;

<a href="/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach">One Australia</a>, located at 118 Old Burleigh Road, will home 20 full-floor apartments across a 23-level tower.

The project, initially planned as a 30-level tower with 33 apartments, was revised after the <a href="/developments/gold-coast-qld">Gold Coast</a> City Council rejected the original proposal in early 2023.

<img alt="First look: Little Projects redesign Old Burleigh Road, Broadbeach apartment tower" 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%202024-05-01%20at%2012.32.04%20pm.png?VersionId=ItXi3S7WYGZhd3YQUCUP6ZGzkz7Mf84U" />

The developers collaborated with the council and engaged <a href="/architects/plus-architecture">Plus Architecture</a> to redesign the tower, resulting in a scaled-down version that reduced the number of floors and units.

Each apartment in the new plan will feature four bedrooms, 274 sqm of internal living space, and a 20 sqm balcony. The exception is a two-level penthouse, offering 530 sqm of indoor and outdoor space, including a private rooftop terrace with a pool, firepit area, outdoor kitchen, and alfresco space.

<img alt="Plus" data-entity-type="file" data-entity-uuid="0c904138-5db0-4024-b8bf-57c052632bf1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%2012.32.17%20pm.png?VersionId=eALpW9PPcpPigCQnfPmUmXiX8y30DCNN" />

Resident amenities will be located on the first level and will include a swimming pool with day beds, a gym with a sauna, and a work-from-home space adjacent to the entry lobby. The development will also feature three levels of basement parking with space for 29 cars.

This project marks <a href="/developers/rcorporation">R.Corp</a>’s first venture on the Gold Coast. <a href="/developers/little-projects-co">Little Projects</a>, led by Leighton Pyke, has previously developed in <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, notably with the Signature project on Elizabeth Avenue.

[smartcode_project_cta:default project_id=113422]

The developers collaborated with the council and engaged Plus Architecture to redesign the tower, resulting in a scaled-down version that reduced the number of floors and units

Little Projects and R.Corp receives approval for Broadbeach apartment tower, One Australia

Design-led developer Orchard Piper’s latest mixed-use, super-premium offering in Melbourne’s most affluent enclave, Toorak Village, has solidified its status as the city’s most exclusive address - achieving the sales of both sub-penthouses for record rates.

The level four residences located at the corner of Mathoura Road and Toorak Road, Toorak, each sold for north of $11.5 million, exceeding $38,000 per square metre.

These sales mark the project as over 70 per cent sold and bring the building’s average sales price per apartment to $8 million, with an average per square metre rate exceeding $32,000 – the highest of any building ever in <a href="/new-apartments/melbourne-vic">Melbourne</a>, according to Chris Pulvirenti, Director of Savills Melbourne.&nbsp;

<a href="/developers/orchard-piper">Orchard Piper</a>&nbsp;Director Luke McKie says the recent sales, combined with the overall strong reception to the project, have been encouraging in what is a two-speed market.&nbsp;

[smartcode_project:default project_id=134093 project_image_fid=275649]

“The market has responded with confidence to this extremely rare opportunity within the Village as it goes about a period of significant renewal and transformation," McKie says.

"These sales demonstrate the deep local demand for high-quality, tasteful architectural development. It marks the reception of a new &nbsp;design standard for Melbourne – a theme we continuously aim to exceed across our portfolio.”&nbsp;

Read more:&nbsp;<a href="/news/vic/creating-luxury-apartments-in-luxury-suburbs-five-minutes-with-orchard-pipers-luke-mckie">Creating luxury apartments in luxury suburbs: Five minutes with Orchard Piper's Luke McKie</a>

With the project designed by internationally renowned <a href="/architects/kerry-hill-architects">Kerry Hill Architects</a>, the two sub-penthouses boast impressive house-like proportions - each around 330 sqm in size and with three bedrooms, three bathrooms, multiple living zones and three car spaces.&nbsp;

The sub-penthouse sales further complement the earlier sale of the project’s 400 sqm penthouse, &nbsp;which was achieved last year for $12.5 million.

[smartcode_project:default project_id=134093 project_image_fid=275654]

Orchard Piper Director, Rick Gronow, says all three residences - the penthouse and sub-penthouses &nbsp;- were sold to existing Toorak locals through the developer’s own networks. &nbsp;

“They are all downsizers—Toorak residents not wanting to leave the community they know, but wanting a step up in quality, amenity and an increase in security at a more manageable scale,” said Gronow.&nbsp;

“They also recognise the change happening in Toorak Village, as new retail, restaurants and &nbsp;occupants continue to fill the old spaces of the Village - reinvigorating it and bringing new energy.” &nbsp;

[smartcode_project:default project_id=134093 project_image_fid=275651]

Fronting 109 Mathoura Road, the residential building encompasses nine spacious apartments, each with a minimum of three bedrooms and three on-grade, side-by-side car spaces. Offering a level of privacy for residents not typically provided, each residence comes with its own private lobby, with a maximum of two properties per floor. &nbsp;

The project will also have three floors of premium offices, with a covered retail colonnade activating the street level. Four of the five full-floor and half-floor premium-grade strata office stock, ranging from 210 sqm to 930 sqm, have been sold, achieving an average sales rate exceeding $18,500 per square metre.&nbsp;

[smartcode_project:default project_id=134093 project_image_fid=275648] 
&nbsp; 
<a href="/new-apartments/toorak-village-toorak-109-mathoura-road-toorak">Toorak Village</a> marks the first of three exclusive projects in the Orchard Piper and Kerry Hill Architects alignment, which will see KHA’s designs brought to Melbourne for the first time. This includes a $400 &nbsp;million super-premium mixed-use project located at the previous, well-known Mercedes Benz Toorak site at 7–11A and 17–19 Carters Avenue, as well as a $300 million, 17-storey 5-star hotel and developer-branded residences situated at the heart of Melbourne's sporting, entertainment and arts precinct, at 448 St Kilda Road.&nbsp;

Construction for Orchard Piper’s Toorak Village project is well underway, and due for completion in the second half of 2025. Orchard Piper’s Albert Street Melbourne project is due for completion in early 2025 as well.&nbsp;

[smartcode_project_cta:default project_id=134093]

Orchard Piper Director, Rick Gronow, says the penthouse and sub-penthouses were sold to existing Toorak locals through the developer’s own networks

Orchard Piper achieves record sales rates at Toorak Village

<a href="/developers/urban-dc">Urban DC</a> has appointed <a href="/builders/cobild">Cobild Construction</a> as the builder for its&nbsp;Armadale apartment development,&nbsp;Heirloom.

<a href="/new-apartments/heirloom-armadale-1187-high-street-armadale-vic-3143">Heirloom</a>, located at 1187 High Street near the heart of&nbsp;<a href="/developments/armadale-vic-3143">Armadale</a>, will comprise 38 two, three, and four-bedroom luxury apartments, with prices starting at $1.65 million.&nbsp;

[smartcode_project:default project_id=140812 project_image_fid=274136]

Designed by the renowned architecture and interior design firm <a href="/architects/woods-bagot">Woods Bagot</a>, Heirloom draws on elements characteristic of Edwardian and Victorian-era homes, such as recessed balconies, geometric forms, and a hierarchy of arches.

The design also incorporates a robust palette of materials, including hand-made German bricks, expressed concrete, timber veneer, dark metal, and fluted glass.&nbsp;

[smartcode_project:default project_id=140812 project_image_fid=274138]

Each apartment will boast expansive living and dining areas leading out to landscaped terraces offering city views.&nbsp;

Most three and four-bedroom units will feature three-car lock-up garages, equipped with number plate recognition technology.

Demolition at the site is currently underway, with the project scheduled for completion in December 2025.

[smartcode_project_cta:default project_id=140812]

Demolition at the site is currently underway, with the project scheduled for completion in December 2025

Urban DC appoints Cobild as builder for Heirloom, Armadale apartments

Family developer&nbsp;<a href="/developers/m3-group">M3</a>&nbsp;Group is close to completing each of its three townhouse developments in Melbourne's&nbsp;<a href="/developments/reservoir-vic-3073">Reservoir</a>.

M3 Consult, who are the developers, builders and designers of each of their developments, have 13 townhouses across three sites, all located within a couple of hundred metres of each other.

The trio of projects, named after their street names,&nbsp;48 Dundee Street, 69 Hickford Street and 158 Purinuan Road, have proven popular with first home buyers, who have been eligible for the $10,000 First Home Owner Grant (FHOG), and local families and downsizers.

[smartcode_project:default project_id=142462 project_image_fid=230651]

<a href="/buildings/158-purinuan-rd-by-m3-group-158-purinuan-road-reservoir">158 Purinuan Rd</a>&nbsp;has just sold its final townhouse. Only one remains in&nbsp;<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>.

Upon completion, 158 Purinuan Rd will be home to only four two-bedroom townhomes, located just steps from Cheddar Road and minutes from the heart of Reservoir.

48 Dundee Street offers only five two and three-bedroom townhomes, while 69 Hickford Street offers a choice of four three and four-bedroom townhomes, each with a single or double garage.

[smartcode_project:default project_id=142462 project_image_fid=230652]

Taking inspiration from traditional forms, these residences feature gable roofs, strong porches, recesses, and fenestrations that create visual interest—playing with geometry and symmetry.

“Inspired by traditional forms, our townhomes exude charming street appeal, showcasing quality workmanship, functional spaces, and a contemporary aesthetic,” architect Gianni Mancuso said.

[smartcode_project:default project_id=142460 project_image_fid=240502]

The location of the townhouses has been a real stand out. They're located a short walk from both Dr Atkinson Reserve and JC Donath Reserve, the latter a regional sports park with a skate park, exercise equipment and a kid's playground. The Bundoora Park Public Golf Course is a 10-minute drive.

The townhomes are also just an eight-minute drive to the centre of Reservoir, where the train station is located surrounded by more restaurants, cafes, bars, and a Coles supermarket.

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