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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

The price per square metre record has been broken in Bondi Beach, where a penthouse on the dress circle Campbell Parade beachfront has fetched over $100,000 per sqm.

The penthouse atop Hall &amp; Campbell at 124-126 Campbell Parade, developed by Allen Linz's Rebel Property and Eduard Litver's Capitel Group and under construction by Trescon, sold for $23 million, representing a price per sqm of $105,000.

<img alt="Hall &amp; Campbell set new price record in Bondi Beach - interior" data-entity-type="file" data-entity-uuid="e9be3065-a032-4ddc-aa5d-7c35c9500a2a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Hall%20%26%20Campbell%20interior.jpg?VersionId=Z2RSXgcGcWPBf_ZmB7_L_0pavloyp6aV" />

The penthouse, designed by architect <a href="/interior-designers/scott-carver">Scott Carver</a>, features five bedrooms, five bathrooms, and multiple living areas and balconies with views of <a href="/new-townhouses/bondi-beach-nsw-2026">Bondi Beach</a>.&nbsp;

Located behind the historic Bates Milk Bar façade, the penthouse sits at a prominent corner along Campbell Parade, just metres from the beach.

<img alt="Hall &amp; Campbell set new price record in Bondi Beach - balcony" data-entity-type="file" data-entity-uuid="623f62dd-d76b-45ba-9c89-9fa575d26044" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Hall%20%26%20Campbell%20balcony.jpg?VersionId=0Czsdi7oTyM8YjHuPc5vH.Db1ad9Pn6D" />

The penthouse is expected to cost an additional $3 million for fit-out. The penthouse was sold to a "high-flying financier", The Australian reported.

The Hall &amp; Campbell development comprises just seven new apartments with ground-floor retail spaces on the corner of Campbell Parade and Hall Street.

Rebel has another boutique development on the beachfront strip, just six apartments above retail at 14-18 Campbell Parade.

The Hall & Campbell development includes new residences and penthouses with ground-floor retail spaces, all overlooking Bondi Beach

mikah.m@urban.com.au

Hall & Campbell sets new apartment record in Bondi Beach

Developed by Urban is well on its way to delivering one of the most unique residential developments Burnley has ever seen.

Construction has well and truly kicked off at Burnley Maltings, a redevelopment of the heritage-protected landmark&nbsp;Barrett &amp; Burston Maltings, a historic malting factory that started life in the late 1800s as Terry's Burnley Brewery.

With everything going on at Burnley Maltings, we took a trip down to the display suite, located in the building's original caretaker's residence.

<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/opcEFkIcS2Q?si=_a3-kftcGptoVT05" title="YouTube video player" width="560"></iframe>

The townhouses at&nbsp;<a href="/new-apartments/burnley-maltings-richmond-45-gibdon-street-richmond">Burnley Maltings</a>, on the border of <a href="/developments/richmond-vic-3121?sort=">Richmond</a>, cater for multi-generational living but are low maintenance. All but one townhouse in the development of 37 residences offering three bedrooms, while several have a separate home office space and all have large rooftop terraces.

So far, Burnley Maltings has proven popular with downsizers from Melbourne's eastern suburbs, those who want to be closer to the action. The Gibdon Street development sits in close proximity to <a href="/new-townhouses/burnley-vic-3121">Burnley</a> Station, several parks with signiificant gardens, and Burnley's 18-hole golf course, which is currently being redesigned.

<a href="/news/vic/from-garden-suburb-to-commercial-hub-burnleys-next-phase-of-transformation">Read more:&nbsp;From garden suburb to commercial hub: Burnley's next phase of transformation</a>

[smartcode_project:default project_id=14401 project_image_fid=264095]

The townhouses will sit in landscaping by prominent landscaper Jack Merlo.

Burnley Maltings is on track to be completed in late 2025.

Read more:&nbsp;<a href="/news/vic/why-downsizers-are-flocking-to-burnley-maltings">Why downsizers are flocking to Burnley Maltings</a>

[smartcode_project_cta:default project_id=14401]

So far, Burnley Maltings has proven popular with downsizers from Melbourne's eastern suburbs, those who want to be closer to the action

Inside Burnley Maltings: Urban's display suite tour of Burnley's most exciting new townhouse development

Coronation Property has reached a significant milestone with the topping out of Stage One of its Ashbury Terraces development.&nbsp;

A ceremony was held to celebrate the achievement, attended by staff, contract partners, and suppliers.&nbsp;

Guests included representatives from <a href="/architects/sjb-architects">SJB Architects</a>, M3 Property, NAB, Mance Araj, EI Australia, Mecone, Coverforce, and <a href="/project-marketer/cbre-residential-australia">CBRE</a>, alongside Coronation Property’s on-site and head office staff, MN Builders, and Studio Circle.

[smartcode_project:default project_id=112253 project_image_fid=193246]

Aras Labutis, Head of Urban Transformations at Coronation Property, spoke at the event. He highlighted the significance of the project, stating, “This milestone brings everyone at Coronation a great deal of pride. It’s proof of our commitment and dedication to being on the ground, building more homes in locations where people want to live.”&nbsp;

Labutis emphasised that <a href="/new-townhouses/ashbury-terraces-ashbury-165-171-milton-street-ashbury">Ashbury Terraces</a> honours the local area's charm and heritage while providing modern, premium housing close to Sydney’s CBD.

[smartcode_project:default project_id=112253 project_image_fid=193233]

The Ashbury Terraces development, is <a href="/developers/coronation-property">Coronation's</a>&nbsp;first venture into <a href="/new-townhouses/sydney-nsw">Sydney</a>'s inner west market.

The $200 million project encompasses a 16,500 sqm site and will provide 136 new homes, including 59 garden terraces, 74 premium apartments, and three penthouses.

Designed by a handpicked team of Australia’s leading designers from SJB and <a href="/architects/360-landscape-architects">360 Landscape Architects</a>, Ashbury Terraces features a brickwork façade, seamlessly blending the old with the new, drawing inspiration from Ashbury’s existing fabric.

[smartcode_project:default project_id=112253 project_image_fid=193245]

Each residence connects to generous outdoor entertaining areas, oversized backyards and courtyards, with rooftop terraces offering vistas of the city skyline.

Landscaped pathways connecting to W H Wagener Oval act as an extension of the already sizeable private backyards, with Ashbury Terraces also incorporating a pedestrian link between Milton Street and the oval for both residents and the broader community.

Stage One of the project has sold out, while Stage Two is over 80 per cent sold.

[smartcode_project_cta:default project_id=112253]

Stage One of the project has sold out, while Stage Two is over 80 per cent sold

Coronation Property tops out Stage One of Ashbury Terraces

St Kilda Rd's latest apartment development, 333 StK, offers not just comfortable residences but also a vibrant neighbourhood filled with local amenities and efficient transit options.

<a href="/new-apartments/333-stk-333-st-kilda-road-st-kilda">333 StK</a>&nbsp;falls into the St Kilda area of St Kilda Road, a road which runs all the way from Melbourne through to St Kilda.

Boasting a transit score of 81 and an even more impressive walk score of 97, future residents will be just a few metres from a tram stop, and just minutes away from neighbouring suburbs such as the dynamic and fancy <a href="/new-apartments/prahran-vic-3181">Prahran</a>.

[smartcode_project:default project_id=112949 project_image_fid=252261]

333 StK is in the middle of two expansive green spaces and the beach is one kilometre away, offering plenty of outdoor activities.

It's a short walk to the&nbsp;225-hectare Albert Park Lake, featuring a central lake for canoeing, kayaking, and paddleboarding, along with picnic areas, walking tracks, and designated spaces for both on and off-lead pet activities. The surroundings include numerous ovals, circuits, golf courses, and the prominent Lakeside Stadium.

Even closer, just 550 metres, is the St Kilda Botanical Gardens, showcasing seasonal displays, an ornamental pond, a children's playground, a gazebo, glasshouses, and the Port Phillip Ecocentre which teaches the community about nature and the environment.

Landmarks like Luna Park and the historic Palais Theatre add to the entertainment options, offering live entertainment and cultural experiences.

[smartcode_project:default project_id=112949 project_image_fid=252264]

Retail and dining options also abound near 333 StK. With St Kilda Pier and Esplanade just a kilometre away, residents can enjoy beachside cafes, restaurants, and a weekly market showcasing art and handmade goods.

Additionally, a variety of dining establishments along Inkerman St, including Harper's Kitchen cafe, Kake Da Dhaba, Newmarket Hotel pub, Machi, and Northern Soul Chip Shop, are all within a six-minute walk.

For everyday necessities, an ALDI supermarket is conveniently located just a four-minute walk away.

[smartcode_project:default project_id=112949 project_image_fid=254183]

Families with school-going children will find several educational institutions within walking distance, all less than 500 metres away from 333 Stk. These include St Kilda Primary School, Cheder Levi Yitzchok Inc, St Michael's Grammar School, and Yesodei HaTorah College.

Furthermore, access to healthcare facilities is readily available, with The Alfred and The Avenue Hospital just a ten-minute drive away.

The <a href="/architects/rothelowman">Rothelowman</a>-designed 333 Stk comprises 76 one, two, and three-bedroom apartments, including two limited penthouse duplexes. The crowning feature of 333 Stk is the rooftop retreat, offering panoramic views across St Kilda.

Construction, led by <a href="/builders/balmain-co">Balmain &amp; Co</a>, is on track for completion in Q4 2025. Prospective buyers can capitalise on stamp duty savings available now.

[smartcode_project_cta:default project_id=112949]

The Rothelowman-designed 333 Stk comprises 76 one, two, and three-bedroom apartments, including two limited penthouse duplexes

Inside the prime St Kilda Road location of 333 StK

<a href="/developers/golden-age-group">Golden Age Group</a> has appointed Icon Construction as the builder for its high-rise development, SKY SQR, in Box Hill.&nbsp;

The $450 million project is set to transform <a href="/developments/box-hill-vic-3128">Box Hill</a> into a hub of connectivity and culture, featuring a mix of residential, retail, and community spaces.

[smartcode_project:default project_id=4720 project_image_fid=20186]

<a href="/new-apartments/sky-sqr-517-521-station-street-box-hill">SKY SQR</a> will encompass nearly 50,000 sqm of build-to-rent accommodation, commercial and retail spaces, and a childcare facility.&nbsp;

It will also include 1,180 sqm open public space with multiple street frontages and a range of exclusive amenities.

The development partner, Local: Residential, will manage and operate 425 apartments.

<img alt="Golden Age Group appoints Icon Construction as builder for SKY SQR, Box Hill - podium" data-entity-type="file" data-entity-uuid="a314ae42-0d14-4e64-84e4-fbd953dafe85" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SKY%20SQR%20podium.jpg?VersionId=sec9ZxO3iGaTFFNRHPwYBjkPeHVhAt4A" />

The two-tower, 18-level development will centre around a town square concept with a diverse mix of retailers.

SKY SQR will feature a three-level retail podium and food precinct with tenancies ranging from 16 sqm to 2,000 sqm.

Located 14 kilometres from the <a href="/new-apartments/melbourne-vic">Melbourne</a> CBD, SKY SQR is strategically placed near Box Hill Station and the newly opened Harrow Street Car Park—offering residents and locals a quick access to transportation and recreational hubs.

[smartcode_project_cta:default project_id=4720]

The two-tower, 18-level development will centre around a town square concept with a diverse mix of retailers.

Golden Age Group appoints Icon Construction as builder for SKY SQR, Box Hill

Sydney's affluent Vaucluse has welcomed a new boutique apartment development.

<a href="/developers/aspire-developments">Aspire Developments</a> has completed its luxury project <a href="/buildings/yugen-vaucluse-12-burge-street-vaucluse">Yugen</a>, a collection of&nbsp;garden apartments and a three-bedroom full-floor penthouse.&nbsp;

[smartcode_project:default project_id=112916 project_image_fid=277985]

Designed by <a href="/architects/koichi-takada-architects">Koichi Takada Architects</a>, "Yugen" is derived from a Japanese aesthetic concept often associated with “an emotional response that is so deep it cannot be expressed in mere words", encapsulating a sense of elegance and serenity.&nbsp;

The project includes lush landscaped spaces designed by <a href="/developments/sydney-nsw">Sydney</a>-based landscape architects Wyer &amp; Co., featuring prominent trees that offer residents a sense of privacy.&nbsp;

[smartcode_project:default project_id=112916 project_image_fid=277984]

Yugen Vaucluse is situated close to nature, with access to coastal strolls along the Diamond Bay Cliffwalk, secluded beaches, and various natural reserves.&nbsp;

The development is also conveniently located near cafes, restaurants, and a short drive from <a href="/developments/bondi-nsw-2026">Bondi</a> and <a href="/developments/rose-bay-nsw-2029">Rose Bay</a>.

Ray White Projects is marketing Yugen.

[smartcode_project_cta:default project_id=112916]

The project includes lush landscaped spaces designed by Sydney-based landscape architects Wyer & Co., featuring prominent trees that offer residents a sense of privacy

Aspire Developments completes Yugen Vaucluse apartments

Prominent developer&nbsp;<a href="/developers/deicorp">Deicorp</a> has secured planning approval for its first ever Rhodes apartment development.

They've been given the go ahead to developer&nbsp;<a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a>, a 32-level mixed-use tower in the heart of Rhodes designed by Fender Katsilidis.

The design for the $435 million project, which was selected by an expert design jury last year, has been approved by the <a href="/new-apartments/sydney-nsw">Sydney</a> Eastern City Planning Panel.&nbsp;

Above a four-level podium, that will home retail and commercial spaces,&nbsp;a community rooftop terrace and garden, and a residential courtyard, will be 214 one, two and three-bedroom apartments, a community rooftop terrace and garden,&nbsp;

Deicorp’s Chairman, Fouad Deiri OAM, said the landmark&nbsp;building will bring much-needed new homes to the heart of Rhodes.

“Designed by one of Australia’s leading design practices, <a href="/architects/fk-australia">FK</a>, Marquet &amp; Mary delivers on Deicorp’s business values of strong design and high-quality amenities,” Deiri said.&nbsp;

<img alt="FK designed Marquet &amp; Mary tower in Rhodes" data-entity-type="file" data-entity-uuid="34c90f90-7488-40be-bf75-80daa4822e63" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/FKMED_22228_N15_M%26M.jpg?VersionId=67Xp2pkr17BJBVAux92vq1f00n0gQkq5" />

FK Partner Craig Baudin said Canada Bay City Council's swift approval of the development application underscores the recognition that this project goes beyond simply providing much-needed housing.

"It also completes a crucial missing piece in the precinct - the revitalisation of an underutilised low-rise lot," Baudin said.

"With this momentum, the DA approval paves the way for delivering a transformative project for Rhodes."

Positioned strategically at the corner of Marquet and Mary streets, the&nbsp;<a href="/developments/rhodes-nsw-2138">Rhodes</a> peninsula is home to an established precinct of shopping, dining, leisure and transport - including the nearby Rhodes train station.

Recognised by an independent judging panel when awarding FK the project following a design excellence competition in 2023, FK’s design was praised for the provision of a public plaza at the southern entrance and the fine-grain design of the ground plane.&nbsp;

The mixed-use precinct will create new laneways and foster greater connectivity throughout central Rhodes. A new public landscaped laneway, enlivened by active retail uses on the ground level, aims to connect the development to its surroundings.&nbsp;

“With ongoing pressures on the construction sector and a persistent housing shortage, we’re proud to be collaborating on this project with Deicorp to provide generous family residences with spectacular views, accessibility to transport links, and great amenities at a time of need in Sydney,” Baudin added.&nbsp;

[smartcode_project_cta:default project_id=141515]

Deicorp’s Chairman, Fouad Deiri OAM, said the landmark building will bring much-needed new homes to the heart of Rhodes.

Deicorp greenlit for Marquet & Mary tower in Rhodes

Joint Venture partners Keylin and Kinstone Group have revealed a collection of absolute waterfront villas at Lakeside, the fourth and final precinct at their 62-hectare Serenity 4212 masterplan near Hope Island.

Construction is underway on the 16 north-facing villas. They each feature four bedrooms, with some also having a pontoon and their own pool.

Adjoining the <a href="/developments/coombabah-qld-4216">Coombabah</a> Lakelands Conservation Area, Lakeside’s vibrant precinct plan is being finalised for the sales launch and is likely to include a mix of low to medium-rise apartments with sculptural architectural design, resident recreational amenities, open spaces, and commercial and retail amenities.&nbsp;

<img alt="Rare villas revealed at thriving waterfront community - slabs down" data-entity-type="file" data-entity-uuid="85c5c32f-e977-4c71-9e59-19c292a20e2d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lakeside_Slabs%20down.jpg?VersionId=788sTrmvzyuJO.c2gEfpv9aqop4uINOg" />

Adjoining the <a href="/developments/coombabah-qld-4216">Coombabah</a> Lakelands Conservation Area, Lakeside’s vibrant precinct plan is being finalised for the sales launch and is likely to include a mix of low to medium-rise apartments with sculptural architectural design, resident recreational amenities, open spaces, and commercial and retail amenities.&nbsp;

<a href="/developers/keylin-group">Keylin</a> Managing Director Louis Cheung said Lakeside was a rare waterfront offering in the area with access to exclusive resort-style amenities when the precinct is complete.&nbsp;

“When the joint venture acquired Serenity 4212 in 2019, we knew the waterfront real estate and gentle density of the Lakeside precinct was unlikely to ever be replicated at the northern <a href="/developments/gold-coast-qld">Gold Coast</a>, in part due to some of the development’s original planning approvals dating back 20 years,” Cheung said.&nbsp;

“Lakeside’s north-facing villas are in a class of their own and designed to capture breathtaking views of the &nbsp;private Lake Serenity.

“Designed by <a href="/architects/mas-architecture-studio">MAS Architecture Studio</a>, the villas offer spacious living zones to seamlessly blend the inside and outside, complete with high-end finishes, double-storey voids and entertainer kitchens, complimenting the unique natural surrounds of Lake Serenity and Coombabah Lakelands Conservation Area."

<img alt="Rare villas revealed at thriving waterfront community - living room" data-entity-type="file" data-entity-uuid="5b3a4fbf-3389-496f-b626-f544051f22ac" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lakeside_Living%20room%20render.jpg?VersionId=kd4_H8aMPH3Tr1pkdYgrjzP1nc4URXCD" />

Cheung said builder Resort Homes was a strong building partner to bring the Lakeside villas to life and kick-start the final piece of the Serenity 4212 master plan.&nbsp;

“Resort Homes has collaborated with us to finalise the design and building program for this architectural villa collection, which appeals to those looking for an off-the-plan opportunity with delivery certainty in a rare northern Gold Coast waterfront position,” Cheung said.&nbsp;

Located near the Hope Island Marketplace and Links Golf Course, Lakeside is minutes from hospitals, childcare and leading schools, including A.B. Paterson College.

Cheung said the location of Serenity 4212 was unmatched, as a peaceful and relaxing yet well-connected precinct.&nbsp;

“This high-growth northern Gold Coast corridor has really flourished over the past two decades and what we are delivering reflects the modern lifestyle aspirations and amenities that homeowners value,” he said.&nbsp;

“Residents at Serenity 4212 will soon benefit from the <a href="/developments/coomera-qld-4209">Coomera</a> Connector Stage 1 and Hope Island train station, both under construction and set to significantly enhance the area’s connectivity.”&nbsp;

The villas are due for completion by late 2025, and the collection follows the sold-out land release at Serenity Waters, completion of the award-winning Serenity Green townhomes, and completion of Serenity Reserve’s first townhomes and amenities, with the final townhomes under construction.&nbsp;

Keylin Managing Director Louis Cheung said Lakeside was a rare waterfront offering in the area with access to exclusive resort-style amenities when the precinct is complete

Keylin and Kinstone reveal final stage of Serenity 4212, Helensvale precinct

South East Queensland developer Mosaic Property Group has secured a prime site in Palm Beach.

The Brook Monahan-led, Brisbane-based developer who has developments from the Sunshine Coast to the Gold Coast, has grabbed a 1,615 sqm block at <a href="/new-apartments/sophia-by-mosaic-1357-gold-coast-highway-palm-beach">1357 Gold Coast Highway</a>,&nbsp;toward the northern end of&nbsp;<a href="/developments/palm-beach-qld-4221">Palm Beach</a>.

The land was trading for the first time in nine decades and represents one of the last remaining sites of such scale in the area.

<a href="/developers/mosaic-property-group">Mosaic</a> is joining forces with architecture firm <a href="/architects/bureauproberts">bureau^proberts</a> for the third time to conceive a bespoke collection of house-sized residences and luxury amenity.

While the building is currently still undergoing detailed design, Mosaic is working within Palm Beach's height regulations. The project will be boutique in nature offering a collection of highly exclusive and large private beachfront residences.&nbsp;

Targeting swift progress, Mosaic endeavours to expedite the Code-Assessable Development Application and anticipates an exclusive unveiling to registered VIPs later this year. Construction, facilitated by Mosaic's in-house building arm, is slated to get underway in early 2025.&nbsp;

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="65f795d0-ad1d-4266-a51e-4ccdbd828eb3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-30%20at%2010.13.44%20am.png?VersionId=BlQQNBbG4Lyypyi3.AtfMwmo0z0yaYNC" />

The prolific developer has built a significant footprint on the Gold Coast, with six premium addresses completed in the past three years alone. Its latest achievements include <a href="/new-apartments/dawn-by-mosaic-15-peerless-avenue-mermaid-beach">Dawn by Mosaic</a> in <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>, <a href="/buildings/bianca-by-mosaic-1-surf-street-bilinga-qld-4225">Bianca by Mosaic</a> in <a href="/new-apartments/bilinga-qld-4225">Bilinga</a>, and <a href="/new-apartments/luca-7-douglas-street-coolangatta-qld-4225">Luca by Mosaic</a> in <a href="/new-apartments/kirra-qld-4225">Kirra</a>, all having wrapped up between late 2023 and early 2024.&nbsp;

Currently, the company is actively constructing a further five all-but sold-out luxury multi-residential projects on the Gold Coast through its own building arm, <a href="/builders/mosaic-construction">Mosaic Construction</a>, totalling $650 million and comprising 275 apartments.&nbsp;

Five additional projects are being built by Mosaic Construction in <a href="/new-apartments/brisbane-qld">Brisbane</a> and on the <a href="/new-apartments/sunshine-coast-qld">Sunshine Coast</a>, bringing its combined construction portfolio to 10 projects valued at over $1.2 billion, translating to the delivery of 750 homes within the next two years.&nbsp;

Mosaic's Founder and Managing Director, Brook Monahan, said they are continuing to actively and very selectively seek out opportunities to secure prime sites on the Gold Coast and across South East Queensland to keep delivering its signature brand of luxurious and highly functional living.&nbsp;

"We're excited to have the opportunity to create another collection of beautiful homes to fulfil the strong sustained demand for Mosaic products on the Gold Coast," Monahan said.

"We're highly selective and strategic in our site acquisitions. Any opportunity undergoes a painstakingly detailed evaluation and extensive investment into relationships with locals to ensure the outcomes align with our vision for luxury living and long-term growth. This approach takes time, but it ensures we create exceptional quality and value for our customers while contributing meaningfully to the communities we are lucky to be a part of.

"This is such an incredible, rare, ideally positioned piece of beachfront real estate and we feel &nbsp;fortunate that the current ownership group chose Mosaic to be the best custodians of this amazing &nbsp;beachfront land that had been in their family for almost 90 years.”&nbsp;

Monahan said that while the design was in its early stages, it was set to be the latest offering in its ultra-luxury Mosaic Masterpiece Series.&nbsp;

“Every minute detail will be considered to establish an address that takes full advantage of its &nbsp;incredible location and elevates the living experience for those who will call it home.”

"In a time when "luxury" is defined by more than just opulence but by the seamless fusion of design &nbsp;excellence and functional practicality, these homes will be curated to reflect the essence of &nbsp;sophisticated, effortless living, where every detail serves an aesthetic and utilitarian purpose.”

Mosaic's Founder and Managing Director, Brook Monahan, said they are continuing to actively and very selectively seek out opportunities to secure prime sites on the Gold Coast and across South East Queensland

Mosaic secures beachfront Palm Beach site for latest luxury apartment development

<a href="/developers/uem-sunrise" target="">UEM Sunrise</a>&nbsp;has submitted plans for its first residential developments outside of Melbourne.

Having acquired a prime <a href="/developments/subiaco-wa-6008">Subiaco East</a> site in Perth, some 4,930 sqm, UEM has proposed two mixed-use residential buildings that will sit just beyond the boundary line of the iconic Subiaco Oval and alongside Haydn Bunton Drive. The proposed development is the first within the overall Subiaco East Masterplan by DevelopmentWA, the Western Australian State Government’s central development agency.

The proposed development will comprise around 340 apartments and is expected to accommodate more than 1,000 future residents, with up to 12% of the apartments providing affordable housing in the Western suburbs. The proposal aims to offer a distinct opportunity for future residents to enjoy the unique Subiaco lifestyle.

The scheme will see two well-designed residential buildings on Lot 1 with a tiered height of 25 and 35 stories plus a ground floor, creating a strong visual aesthetic for the landmark development. This will be complemented by a 10-storey building plus a ground floor on Lot 2.

The proposed design for the mixed-use residential precinct will promote communal interaction through well-curated spaces, 400sqm of retail space on the ground floor of Lot 1, which permeates into gardens and landscaping that augment the public facilities at The Oval site.

<img alt="Subiaco" data-entity-type="file" data-entity-uuid="63c77c49-542f-46b1-ba4b-d9dcd277ebe4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-30%20at%205.05.07%20pm.png?VersionId=.IV.XYW5_SseIP82gP52XMN8k21WtnJx" />

UEM Sunrise Chief Executive Officer Sufian Abdullah said the DA submission represented an exciting step forward for the company and its first development for the Perth residential market.

“We have had a significant presence in Australia for many years and we’re delighted to be delivering this landmark project in our first venture into Western Australia. We will bring our considerable local and global expertise in mixed-use developments to the Perth residential market to create a vibrant and connected new community in Subiaco East.” 
 
“This proposed development will create a high-quality residential precinct at an important time in the WA housing market – delivering new housing supply at scale, with more than 340 new homes for a wide range of residents. Our unique offering will appeal to home-owners – individuals and families – at different stages in their life, with greater flexibility and opportunity for intergenerational living, work-life integration and connection to a diverse community.”

UEM Sunrise is committed to delivering a design excellence outcome for Lots 1 and 2 including targeting a 5-star Green Star Buildings v1.0 certification with the Green Building Council of Australia. The 5-star Green Star Buildings certification represents Australian excellence in better, healthier and more responsible buildings, providing significant community and environmental benefits exceeding the Subiaco Oval and Railway Design Guidelines requirements for sustainability and building on the 6-star Green Star Communities v1.1 certification achieved by Development WA for the Subiaco East Redevelopment.

Construction of the proposed development is expected to commence in 2026.

UEM Sunrise Chief Executive Officer Sufian Abdullah said that the company was thrilled to secure the prized site and expand its presence in the Australian market

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