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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

<a href="/developers/sterling-global">Sterling Global</a> received the green light for its $520 million residential and lifestyle hotel development at 623 Collins Street in <a href="/developments/melbourne-vic">Melbourne</a>'s CBD from the Victorian Department of Transport and Planning.

Strategically located at the <a href="/new-apartments/623-collins-street-melbourne">intersection of Collins and Spencer Streets</a>, the 42-level mixed-use tower has been designed by <a href="/architects/carr-design">Carr Architects</a> and will home 175 apartments above a 229-room hotel that will occupy the heritage podium levels.

There will also be 2,717 sqm of commercial space.

The hotel will also include a fine dining restaurant, enhancing the lifestyle offerings for local workers, residents, and travellers.

<img alt="623 Collins Street" data-entity-type="file" data-entity-uuid="d353d599-7e78-4b2f-9029-bd25d3558a9e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Collins%20Street%20Development.jpg?VersionId=SRi4o9u6ms1gAJPtoYdxlrrQstI_LFTk" />

623 Collins Street will uniquely integrate modern architecture with historical elements, thanks to the collaboration with heritage consultants Lovell Chen.

The upper levels of the tower are set back to preserve the original facades of the 1923 State Savings Bank, which will be meticulously restored and refurbished.

Scheduled to launch on the market in early 2025, with construction commencing next year, the project is anticipated to reach practical completion by early 2028.&nbsp;

This significant undertaking is part of Sterling Global’s expansive development portfolio, now valued at over $1.6 billion, which includes a variety of commercial, retail, residential, and land assets.&nbsp;

Sterling Global's other current projects include the luxury residential <a href="/buildings/como-terraces-south-yarra-139-alexandra-avenue-south-yarra">Como Terraces</a> in <a href="/developments/south-yarra-vic-3141">South Yarra</a> and the urban infill project Talbot Village in Melbourne’s southeast.

Sterling Global’s $520 million Collins Street hotel and apartment development approved

Chevron Island is set to welcome one of its most boutique new developments to date with the launch of Sherpa's Perspective Helm.

<a href="/new-apartments/perspective-helm?referrer=Perspective%20Helm">Perspective Helm</a>, at&nbsp;107 Stanhill Drive, will comprise just 10 apartments on a north-facing riverfront site that will feature several marina berths with direct access to The Broadwater and the ocean.

<img alt="Perspective Helm harbouring a new lifestyle in Chevron Island - view" data-entity-type="file" data-entity-uuid="c0818017-a428-4ad6-bc68-095b067f16a0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H4746STA-04.jpg?VersionId=is3XrwWSxYrqVoYNj1Z4ECk.k0P3tNbH" />

“We are thrilled to have been granted approval to proceed with this project that we believe will deliver a unique lifestyle that’s better than beachfront,” said Daniel Clarke, Managing Director of Sherpa Property Group.

The project has garnered considerable interest from local potential buyers, with expressions of interest already being received through a waitlist, despite the project yet to begin selling.&nbsp;

“We’ve received a great deal of local pre-launch enquiries into the project," Clarke added.

"This highlights to us that the unique product type we will be bringing to Chevron Island is striking a chord in the neighbourhood, particularly those who want to decrease their maintenance and streamline their lifestyle. We also expect there to be significant interstate and international interest as this is a world-class address."

<img alt="Perspective Helm harbouring a new lifestyle in Chevron Island" data-entity-type="file" data-entity-uuid="2653cc91-6dd3-4b99-837a-d6bb82514771" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H4746STA-09.jpg?VersionId=CwBzvKRW__uDRUNTtbdQxNwKhigHp9xY" />

One of the unique features of the project state-of-the-art security system, which will be the most advanced on the Gold Coast.&nbsp;

The three-storey project is set to deliver a refined collection of 10 residences comprising, four waterfront villas, four river residences, two two-storey penthouses, all of which will feature spacious interiors, high-end finishes and with a configuration of three to four-bedroom plus multi-purpose room apartments.

<img alt="Perspective Helm harbouring a new lifestyle in Chevron Island - amenities" data-entity-type="file" data-entity-uuid="8d0ed12b-7a2d-45ba-ba69-12172421e6e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H4746STA-05.jpg?VersionId=ak0k2ehPbDjBx6ks.eX_9PLM9AZuI8aV" />

There will be a spa-like wellness centre with a cold plunge, spa, sauna, and Pilates machines.

<a href="/architects/hal-architects">HAL Architects</a>&nbsp;has designed Perspective Helm, with the interiors handled by&nbsp;<a href="/architects/mas-architecture-studio">MAS Architecture studio</a>.

With a due north aspect and views of the river, Perspective Helm also has views to <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/new-apartments/main-beach-qld-4217">Main Beach</a> and overlooks Budds Beach.&nbsp;

Perspective Helm is set to launch in the coming weeks, with construction planned to commence at the end of 2024.

[smartcode_project_cta:default project_id=143018]

The project has garnered considerable interest from local potential buyers, with expressions of interest already being received through a waitlist, despite the project yet to begin selling

Sherpa reveal Perspective Helm, luxury Chevron Island apartments

Sydney-based developer <a href="/developers/billbergia">Billbergia</a> completed its landmark mixed-tenure development, Lidcombe Rise.

<a href="/buildings/lidcombe-rise-2-36-church-street-lidcombe">Lidcombe Rise</a>&nbsp;features 220 one, two, and three-bedroom market apartments,&nbsp;63 social housing apartments and 93 affordable housing apartments, delivered in partnership with Evolve Housing and Homes NSW.

[smartcode_project:default project_id=27232 project_image_fid=160850]

Amit Julka, Director at <a href="/architects/plus-architecture">Plus Architecture</a>, emphasised the project’s foundational design principles of placemaking, community building, and “equity of amenity” across all residential types.

Lidcombe Rise consists of four buildings, which include not only residential apartments but also a childcare centre and neighbourhood retail tenancies. &nbsp;

The design also incorporates expansive gardens and numerous rooftop terraces, integrating green spaces seamlessly into the buildings.&nbsp;

The curved architectural forms further add an organic aesthetic to the exterior.

[smartcode_project:default project_id=27232 project_image_fid=185476]

Convenience is another major feature of Lidcombe Rise, situated near Lidcombe station, offering quick and easy access to <a href="/developments/sydney-nsw">Sydney</a>, Parramatta, and Sydney Olympic Park.

The development's location within a vibrant entertainment and education hub further enhances its appeal to a diverse range of residents, including first-home buyers, families, and empty nesters.

[smartcode_project_cta:default project_id=27232]

Lidcombe Rise consists of four buildings, which include not only residential apartments but also a childcare centre and neighbourhood retail tenancies

Billbergia completes landmark apartment development, Lidcombe Rise

Ombré at Robina continues to break with tradition in its apartment designs, delivering two living spaces in its one and two-bedroom floor plans to provide unmatched space and flexibility, achieving more than &nbsp;$40 million in sales in just four weeks.&nbsp;

The <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">elevated development</a>, located at 46 Scottsdale Drive, features 95 one, two and three-bedroom apartments alongside private resident amenities and integrated retail and commercial spaces.&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251415]

<a href="/developers/immerse-projects">Immerse Projects</a>&nbsp;Founder and Managing Director John Kearney said the second living space in Ombré’s one and two-bedroom apartments opened a world of opportunities for residents.&nbsp;

“Typically, one-bedroom apartments appeal to investors rather than owner-occupiers and feature little in the way of space and liveability,” Kearney said.&nbsp;

“We have designed <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">Ombré</a> with the local market in mind and in doing so, challenged ourselves to rethink one-bedroom apartment design - the result is an additional, spacious living area, that delivers functionality and flexibility, without compromising on price.&nbsp;

“This second living space is located directly at the entrance to the apartment, drawing in extra light and a feeling of openness. Connecting to the kitchen, this extra space has a range of applications to make it truly &nbsp;purposeful, including a media room, work-from-home space, or guest bedroom.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=276626]

With one-bedroom, two living area floorplans ranging from 84 to 96sqm, and from 123 to 135sqm in the two-bedroom, two living area apartments, Kearney said the design transformed apartments into true homes.&nbsp;

“The homeliness and architectural style of Ombré has been warmly received by buyers, who are drawn to its character, considered textures and thoughtful landscaping,” Mr Kearney said.&nbsp;

“Since the project’s launch in early March, we have fielded more than 1,000 enquiries and more than &nbsp;$40 million in sales, with strong interest in these second living spaces.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251416]

Kearney said leading contract builder <a href="/builders/greyburn">Greyburn</a>, of which he is also Managing Director, had been appointed to deliver the project.&nbsp;

“Greyburn is a seasoned <a href="/new-apartments/gold-coast-qld">Gold Coast</a>-based contract builder with more than 35 years of experience,” he said.&nbsp;

“Having recently delivered <a href="/new-apartments/robina-grand-residences-8-waterfront-place-robina">Robina Grand</a>, the team knows the local market well and are able to draw on their trusted networks, expertise, and capacity to deliver.&nbsp;

“Partnering with an established and reputable builder like Greyburn allows us to ensure alignment between &nbsp;the development and construction and instil unwavering confidence in completion for our purchasers.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251417]

Construction of Ombré is expected to begin later this month. The project is being marketed by <a href="/project-marketer/ashwin-property-solutions">Ashwin Property</a> and the onsite Sales Display is now open.&nbsp;

Located close to major retail, education and employment centres and well connected to the Gold Coast’s beaches, Mr Kearney said Ombré would give its residents endless opportunities to live life in their own way.&nbsp;

Designed by <a href="/architects/bda-architecture">BDA Architecture</a>, Ombré features a mix of one, two and three-bedroom apartments. Private resident amenities include a residents’ lounge, function room, games room, spacious pool and landscaped outdoor spaces. One bedroom, and two living area prices, start at $749,000.&nbsp;

[smartcode_project_cta:default project_id=143341]

Immerse Projects Founder and Managing Director John Kearney said the second living space in Ombré’s one and two-bedroom apartments opened a world of opportunities for residents

One bedroom, two living rooms? Sales surge at Ombré Robina, driven by one-off apartment configurations

Leading Australian integrated property development group, <a href="/developers/aqualand-australia">Aqualand</a>, has installed a sculpture created by world-renowned, London-based artist, Richard Sweeney, on the ground plane of their <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> mixed-use precinct, located at 168 Walker Street, <a>North Sydney</a>.

Rising 28 storeys above the streetscape, and due for construction completion in June, the $1B <a href="/architects/woods-bagot">Woods Bagot</a>-designed residential community comprises 371 luxury apartments above a richly landscaped community precinct, including a two-storey curated food and beverage podium.

[smartcode_project:default project_id=30959 project_image_fid=268991]

Aqualand’s collaboration with award-winning landscape architects, <a href="/landscape-architect/turf-design">Turf Design Studio</a>, has resulted in a ground plane design that successfully integrates the project with the unique local environs of the characterful suburb.&nbsp;

This landscape design has now been embellished with the installation of the site-specific public art piece titled ‘landscape’, which graces the Walker Street entrance to the precinct.&nbsp;

Commissioned by Aqualand, the 4.1-metre bronze cast piece was also inspired by <a href="/developments/north-sydney-nsw">North Sydney</a>’s locale, and features unique, organic curves inspired by the natural elements of sandstone, water and the landscape synonymous with the harbour front. The artwork has been woven into the fabric of the garden to amplify the arrival experience.

<img alt="Public artwork by international artist installed at AURA by Aqualand - sculpture" data-entity-type="file" data-entity-uuid="6263c56d-8b07-4e8b-8026-34af9f076ce9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aura%20-%20Sculpture%20%282%20of%2011%29.jpg?VersionId=9pWMYW2UAVa01WxKE9QudJTDjGKkdfVC" />

Richard Sweeney’s objective was to create a visually complex piece that appears light and abstract, with the appearance of layering and weathering.&nbsp;

“To achieve this effect, I incorporated subtle voids and carefully placed layers to offer variation in both shape and texture,” Sweeney said.

“The surface of the sculpture has a slight striated effect reflecting the layered effect of the sandstone.&nbsp;

“Comprised of two separate elements, depending on the viewpoint, it has a feeling of mass and solidity or an appearance of lightness and fluidity.

“A combination of patinas and paint was used to achieve the duo-tone effect using yellow and red tonalities, echoing sandstone colours and textures. A subtle pearl effect gives more contrast between inner/outer surfaces.

‘‘The charming metal sculpture pays tribute to the intriguing textures of the iconic local weathered sandstone. It’s been a joy to create and it's truly gratifying to finally see it installed in the place I specifically designed it for,” he said.

<img alt="​​​​AURA Sculpture" data-entity-type="file" data-entity-uuid="0ab42955-195f-45cb-b339-58abe90e8f55" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aura%20-%20Sculpture%20%285%20of%2011%29.jpg?VersionId=vy9ZrpipGccT8HZTVx9U0wFw2hcn_WsZ" />

Fabricated at UAP’s foundry in <a href="/new-apartments/brisbane-qld">Brisbane</a>, the piece will support vibrant placemaking by creating a focal point to greet future residents and their visitors, patrons of and staff working at the bakery, café, wine bars and restaurant, and the broader North Sydney community alike.&nbsp;

<a href="/developers/aqualand-australia">Aqualand</a> Group Managing Director, Jin Lin, says he’s excited by the artwork’s installation and sees it as a testament to Aqualand’s commitment to building communities that reflect the local area.&nbsp;

“As we retain ownership of the retail spaces in all our projects, we’re with them for the long term, long after the residences have sold out," Lin said.

[smartcode_project:default project_id=30959 project_image_fid=265117]

"As such, we take great pride in working closely with the local community to create projects that truly elevate their surroundings.&nbsp;We have a number of significant investments in North Sydney and are deeply committed to increasing the appeal of the suburb as an engaging and activated precinct to not only work in but to live and play in too."

Lin says they see the installation as a permanent symbol of their commitment to the area, one the entire community can now enjoy.

“We can’t wait to welcome our North Sydney neighbours in over the coming weeks, so they can enjoy our retail offerings and this beautiful new sculpture."

[smartcode_project_cta:default project_id=30959]

Richard Sweeney’s objective was to create a visually complex piece that appears light and abstract, with the appearance of layering and weathering

Public artwork by international artist installed at AURA by Aqualand

Currently in the construction phase of their luxury Palm Beach apartment development Ophira, builder-developer <a href="/builders/5point-projects">5Point Projects</a> has locked in its next project in the southern Gold Coast.

They're not straying far, staying in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>, and on the beachfront. They've paid $15.6 million for a double-block of 824 sqm at 171-173 Jefferson Lane, a block that offers 20 metres of absolute beach frontage.

It's only a few doors down from&nbsp;<a href="/new-apartments/ophira-105-107-jefferson-lane-palm-beach">Ophira</a>, where apartments have been selling for an average of $7 million.

<img alt="171 and 173 Jefferson Lane Palm Beach" data-entity-type="file" data-entity-uuid="4fe32a74-8704-45b8-b4ed-82331f12795c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/IMG_1640.jpg?VersionId=MNKDShB9Hhz6de.bJnv_W5.SjiBOsv9O" />

Damian Dove, Managing Director of 5Points Projects, said the latest purchase was part of the company’s ongoing belief in Palm Beach as one of the Gold Coast’s prestige beachfront hotspots.

“We are thrilled to be continuing our journey in Palm Beach after the success of Ophira which has captured strong interest from downsizers wanting to live on the beachfront,” Dove said.

“The opportunity to continue building upon the legacy of our past projects and the current Ophira development, and knowing that we will further contribute to the flourishing tapestry of this great community is very exciting”.

<img alt="171 and 173 Jefferson Lane view" data-entity-type="file" data-entity-uuid="98b21143-a4c7-4420-8e22-32e63ebe3c1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/IMG_1641.jpg?VersionId=orSiR6HxN6GBmh8ZEeGuxOeNrOJs_qPv" />

Dove said 5Point Projects was currently working up plans for the site but confirmed a boutique luxury apartment project in line with our brand was in the mix.

“We’re working with our architects and planners to create something special for the site and we hope to release these soon."

The next project is expected to launch later this year.

There are only two apartments left in the eight-apartment Ophira. Construction is well underway with basement works now completed. That's expected to be completed in mid-2025.

“We are passionate about creating spaces that resonate with the unique essence of Palm Beach while meeting the evolving needs of modern living”, Dove added.&nbsp;

5Point doubledown in Palm Beach with $15.6 million beachfront acquisition

<a href="/developers/tian-an-australia">Tian An LFD</a> has reached a significant milestone at its newly completed Auburn Square apartment development, with 90 per cent of the units now sold.

This milestone reflects the strong demand for well-priced housing options in <a href="/developments/auburn-nsw-2144">Auburn</a>, particularly among first-home buyers seeking new homes within reach of <a href="/developments/sydney-nsw">Sydney</a>'s city centre.

[smartcode_project:default project_id=7317 project_image_fid=248578]

<a href="/buildings/auburn-square-26-36-northumberland-road-auburn">Auburn Square</a> is positioned as an attractive option for first-home buyers, with both one-bedroom apartments priced below $600,000.&nbsp;

The development has garnered substantial interest from this demographic, likely also influenced by the New South Wales government's stamp duty exemption for new homes up to $800,000, and concessional rates for homes priced between $800,000 and $1,000,000, effective for contracts exchanged on or after July 1, 2023.

[smartcode_project:default project_id=7317 project_image_fid=248564]

<a href="/architects/rothelowman">Rothelowman</a>-designed Auburn Square comprises a total of 427 residences featuring one, two, and three-bedroom configurations, along with nine retail and commercial suites and a range of amenities.

Each apartment at Auburn Square features open-concept living and dining areas and kitchens equipped with integrated premium Westinghouse appliances.&nbsp;

[smartcode_project:default project_id=7317 project_image_fid=248563]

Residents also have access to a 2,000 sqm rooftop garden, designed as a communal space for relaxation and socialising.

Conveniently located, Auburn Square is a four-minute walk from the train station and offers easy access to Parramatta Road and the M4, facilitating quick commutes to Sydney CBD and other Western destinations.

[smartcode_project_cta:default project_id=7317]

Auburn Square is positioned as an attractive option for first-home buyers, with both one bedroom apartments priced below $600,000

Auburn Square apartments 90 per cent sold

Carly Cottam, Founder and CEO of MOTIV, offers valuable insights for buyers considering off-the-plan properties in South-East Queensland. As a respected leader in the property development community in Brisbane and the Gold Coast, Carly’s expertise provides practical advice for making informed decisions in the current market.

<h3>The MOTIV Difference</h3>

MOTIV, established four years ago, has swiftly made a name for itself by bridging the gap between in-house and agency sales teams. Carly explains that this hybrid model provides developers with the control of an in-house team and the broad market perspective of an external agency. For buyers, this translates to working with a team that has comprehensive industry knowledge and a wide view of various projects, ensuring a more informed and balanced perspective.

<h3>Benefits to Buyers</h3>

One of the key advantages of partnering with a company like MOTIV is the unbiased and experienced market feedback they provide. Carly notes that consumers today are more educated and discerning than ever before, often doing extensive research before making any property decisions. This informed approach is supported by MOTIV’s deep industry insights, helping buyers understand how different projects stack up against each other and what factors are most important in their decision-making process.

&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/hjUPgZsdg8M?si=63cP4enM4ktCRi0o" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen&gt;&lt;/iframe&gt;

<h3>Importance of Due Diligence</h3>

Carly emphasizes the importance of due diligence for anyone considering an off the plan property purchase. Buyers are encouraged to research developers thoroughly and ensure they are partnered with experienced professionals like property lawyers and financial brokers. MOTIV assists buyers in this process, ensuring they have the necessary support and information to make confident decisions.

[smartcode_project:default project_id=134197 project_image_fid=217320]

<h3>Early Engagement with Developers</h3>

For developers, engaging with project marketers like MOTIV early in the process is crucial. Carly highlights that initial workshops with the developer’s team, including designers and creative agencies, are vital to understanding the project’s context, target demographics, and overall feasibility. This early involvement ensures that the sales and marketing strategies are aligned with the project’s goals and funding requirements, setting the stage for a successful launch.

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<h3>Navigating Construction Challenges</h3>

Given the current construction climate in Queensland, exacerbated by the upcoming Olympics and significant infrastructure projects, securing a builder can be a challenge. Carly advises buyers to inquire about the developer’s relationships with builders and any existing agreements or intentions. Understanding the developer’s track record and their approach to securing construction services is essential in assessing the viability of a project.

[smartcode_project:default project_id=138199 project_image_fid=257204]

Carly emphasizes the importance of due diligence for anyone considering an off the plan property purchase

Michael Bird

What off the plan buyers need to ask agents: Carly Cottam, Founder and CEO of MOTIV

Privately-owned developer, Sunkin Property Group, has formally appointed SK Construction to deliver on its $600 million masterplanned development, Highett Common, in Melbourne’s bayside.

The partnership commences a unique builder-developer relationship between the two companies, with SK Construction and <a href="/developers/sunkin-property-group">Sunkin</a>&nbsp;forming a completely exclusive agreement to deliver the developer’s existing and future project pipeline. &nbsp;

The announcement coincides with the commencement of Highett Common’s $70 million stage 1 construction program, which will see 167 new apartments completed by late 2025.

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The 9.3-hectare precinct will be delivered in multiple stages over the next five years, with Sunkin anticipating the delivery of over 1000 new apartments and townhouses across the master plan by 2029.&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=212655]

Lloyd Collins, General Manager of Property at Sunkin Property Group, says the developer considered several external builders for <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a> before an exclusive partnership was created with SK Construction.&nbsp;

“The exclusive partnership with SK Construction allows Sunkin to have complete oversight over the delivery status and budget of each stage within Highett Common," Collins says.

"This agreement allows us to better control the construction process and therefore provide additional delivery assurance to our customers. &nbsp;

“Across the industry, we’ve witnessed a 30 per cent increase in construction companies going insolvent over the past 12 months, and it was critical for us to protect the project and our purchasers from any similar risks.

"This will allow us to manage relationships directly with our preferred trades, have greater visibility over quality control, manage risks and ultimately manage timely delivery for all involved. It’s not about margin or additional profit, in fact in light of the construction pricing challenges, this allows us to run construction at lower margins which ultimately builds value for the end occupants."

Collins says it is&nbsp;critical to the project’s enduring long-term value that its amenities and public facilities are delivered to enduring standards, including its vast open green spaces, playgrounds, community hub and library so that Highett Common can become a thriving precinct for generations to come, as well as catering to the future &nbsp;population demands of the area.

[smartcode_project:default project_id=108019 project_image_fid=212656]

Recognising construction confidence is a contributing factor to sales success, Sunkin recently completed over $10 million of early infrastructure works at Highett Common including roads, kerb and channelling, water infrastructure and early basement works. The developer has now exceeded $90 million in apartment sales at Highett Common to date, exceeding initial sales targets by $20 million.&nbsp;

SK Construction will work alongside Sunkin to further deliver on Highett Common’s net-zero ambitions, with its in-house design and procurement team sourcing internal and external materials and products that reduce energy consumption and provide the ability to rely on green electricity.&nbsp;

Solar panels will be incorporated in each of the precinct’s buildings to meet the project’s net-zero targets, meaning each residence will be able to access green electricity. This will also extend to public and private amenities, with plans for lighting in the communal areas and a new public library to have the ability to generate solar power.

[smartcode_project:default project_id=108019 project_image_fid=213940] 
&nbsp;&nbsp; 
Thermally insulated windows and door systems will also be used throughout the project, which have been specifically developed for their size and scale.

Collins says ensuring one construction partner for the lifetime of the development program means that they can forward plan important elements of future construction phases, particularly around green spaces and landscaping.

"This means that wellness and recreation facilities have the benefit of mature plantings by the time they are open for use."

[smartcode_project:default project_id=108019 project_image_fid=213937]

The construction delivery of Highett Common will also conform to Tier 1 ISO standards across Environmental, OH&amp;S and Quality Management Systems. SK Construction has also developed a specific waste management plan to assist in achieving the project’s sustainability targets, with a certified waste management contractor in place to ensure at least 80 per cent recycled content can be effectively used. &nbsp;

During the construction program, SK Construction will work alongside Sunkin, <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke</a>, Tract&nbsp; Consultants and Bayside City Council to maintain and preserve native flora and fauna within the site’s 3- 3-hectare conservation area.&nbsp;

Stage 3 of Highett Common will launch to the public in Q3 2024, with completion of the entire masterplanned precinct anticipated for completion by 2029.&nbsp;

[smartcode_project_cta:default project_id=108019]

Sunkin establishes strategic partnership with SK Construction to deliver on $600m masterplanned precinct 

Sunkin Property Group break ground at Highett Common masterplan

Downsizers from Melbourne's inner east have swooped on Burnley Maltings, one of the only opportunities to move into a newly built home in the tightly held suburb in recent years.

They've been coming from large family homes in the likes of <a href="/developments/kew-vic-3101">Kew</a>, <a href="/developments/hawthorn-vic-3122">Hawthorn</a> and <a href="/developments/richmond-vic-3121">Richmond</a> now the kids have flown the nest and they don't need such a large family home.

The townhouses at <a href="/new-apartments/burnley-maltings-richmond-45-gibdon-street-richmond">Burnley Maltings</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.

[smartcode_project:default project_id=14401 project_image_fid=264102]

"These buyers want to be somewhere where there's more going on, but don't want to be right in the thick of the action," Bart O'Callaghan, director of developer Developed by Urban says.

"They don't want to be in the middle of Richmond, but they want the easy access either by train, with the Burnley Station just 500 metres away, or a short car ride."

[smartcode_project:default project_id=14401 project_image_fid=264089]

O'Callaghan says they're also expecting local upsizers when construction is more advanced, from those who don't want the headache and cost of renovating and extending their current Victorian-era cottage and instead opt for a new home. Burnley Maltings brings that heritage through, given the terraces in the&nbsp;heritage-protected landmark&nbsp;Barrett &amp; Burston Maltings, a historic malting factory that started life in the late 1800s as Terry's Burnley Brewery.

The street is also just across the road from the prestigious St Georges Road, one of Melbourne's priciest streets where there have been sales of up to $88 million.

Currently under construction with a target completion date of late 2025, Burnley Maltings represents a rare heritage restoration that is difficult to reproduce in the current built environment.

<a href="/developers/developed-by-urban">Developed by Urban</a>&nbsp;is a&nbsp;specialist in restorations of old and heritage-listed buildings. They took the opportunity not many developers would when the historic building came up for sale.

[smartcode_project:default project_id=14401 project_image_fid=264091]

O’Callaghan says for years Burnley's main&nbsp;detraction had been the operating heritage maltings which finished operations in 2018.

"We have put a tonne of work into the heritage restoration and reimagining of the c.1885 space to now incorporate 1,000 sqm of gardens and beautifully designed new homes, perfect for Families and downsizers alike.

“So often&nbsp;<a href="/developments/melbourne-vic" target="">Melbourne</a>&nbsp;families living in the inner suburbs are forced further away from the CBD in pursuit of space and a larger family home close to Schools. Burnley Maltings townhomes include lock-up garages, oversized bedrooms rooftop terraces and oodles of family living space.”

[smartcode_project_cta:default project_id=14401]

Currently under construction with a target completion date of late 2025, Burnley Maltings represents a rare heritage restoration that is difficult to reproduce in the current built environment

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