<h3 data-end="19" data-section-id="1dvgwoe" data-start="0">Summary</h3>

<ul data-end="634" data-start="21">
	<li data-end="170" data-section-id="1o77v31" data-start="21">Walker Corporation has lodged plans for a second major residential development in the Maroochydore City Centre, a 29-storey tower known as Celeste.</li>
	<li data-end="327" data-section-id="1lb0y6t" data-start="171">The Plus Studio-designed proposal at Lot 30 Sunshine Coast Parade would deliver 208 apartments, including four four-bedroom sub-penthouses and penthouses.</li>
	<li data-end="487" data-section-id="za720" data-start="328">The application comes as Walker doubles down on Maroochydore following the strong sales campaign at SOL by Walker, where the first tower is nearing sell-out.</li>
	<li data-end="634" data-section-id="5sovec" data-start="488">Walker is a key partner in the transformation of the Maroochydore City Centre, which is expected to ultimately deliver at least 4,000 new homes.</li>
</ul>

Walker Corporation is doubling down on Maroochydore following the successful sales campaign at its first residential project in the emerging CBD.

The national developer has filed plans for <a href="https://www.apartments.com.au/new-apartments/celeste-30-sunshine-coast-parade-maroochydore-qld-4558">Celeste</a>, a new 29-storey apartment tower at Lot 30 Sunshine Coast Parade, just metres from its under-construction SOL by Walker development.

The plans, prepared by Plus Studio, would see 208 apartments delivered across a 100-metre tower on the 2,376 sqm site, which fronts Sunshine Coast Parade, First Avenue and Future Way within the Maroochydore Priority Development Area.

<img alt="Walker" data-entity-type="file" data-entity-uuid="17038209-6fea-4ed2-855d-fd4df65b3d02" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.16%E2%80%AFAM.png?VersionId=iZD.oVXcQn.aLpUytDAW.CWjxP4puWMy" />

The proposed apartment mix comprises 36 one-bedroom apartments, 48 two-bedroom apartments, 72 two-bedroom apartments with an additional multipurpose space, and 48 three-bedroom apartments.

The upper levels would be capped by two four-bedroom sub-penthouses and two four-bedroom penthouses, taking the total apartment count to 208. The preliminary yield study also provides 262 car spaces, 114 resident bicycle spaces and storage for each apartment.

It represents Walker's next major residential move in the new Maroochydore CBD after the success of SOL by Walker, its $220 million two-tower project nearby.

SOL launched to market in early 2025 and has since seen strong demand, particularly from local owner-occupiers. By February this year, Walker said the first SOL tower was nearing sell-out, with a strong waitlist also emerging for its recently released penthouse collection.

Construction is already underway on SOL, with the first tower expected to be completed in late 2027 and the second to follow in early 2028.

[smartcode_project:default project_id=147777 project_image_fid=319846]

<h2 data-end="2518" data-section-id="1b2dyo5" data-start="2459">Celeste to rise 100 metres over Maroochydore City Centre</h2>

Celeste would take a different form to the twin 19-storey buildings at SOL.

Plus Studio has designed a single 100-metre tower above an activated podium, with the architecture responding to the site's prominent position and three street frontages.

The podium would incorporate commercial tenancies and public art, with sweeping façade elements wrapping the street edges. The scalloped concrete podium has been inspired by the patterns created in sand at low tide, while extensive landscaping would continue vertically through the tower.

The ground level plans show three commercial tenancies addressing Sunshine Coast Parade alongside the residential lobby and landscaped public realm. The podium would then accommodate several levels of car parking before the residential tower rises above.

<img alt="Celeste" data-entity-type="file" data-entity-uuid="121f77b1-71c5-46d7-9b36-0a7d474211ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.47%E2%80%AFAM.png?VersionId=MGrg9Hb7HgzLN0Lelq_xrXNAruVl77ia" />

Plus Studio said the tower had been designed to maximise views from each apartment, taking in the Maroochy River, Sunshine Coast hinterland, Cotton Tree and Maroochydore Beach and ocean.

Those views have also shaped one of the project's key features, with Walker proposing to put the primary resident amenity on Level 29 rather than lower within the building.

The rooftop would feature a 284.9 sqm pool area with an infinity edge, along with a cold pool, spa, sauna, 93.2 sqm gym, sunset lounge, BBQ and dining areas, pool deck and private dining space. Cabanas and day beds are also shown across the recreation level.

The two penthouses would extend across the upper levels and each feature private terraces and plunge pools.

<h2 data-end="4202" data-section-id="v5f4ix" data-start="4160">Walker's growing Maroochydore footprint</h2>

Celeste further reinforces Walker's commitment to the transformation of Maroochydore City Centre.

Walker is one of the key partners delivering the new CBD alongside Sunshine Coast Council and SunCentral Maroochydore, with the broader 62-hectare Priority Development Area occupying the former Horton Park Golf Course and surrounding land.

The precinct is ultimately expected to accommodate at least 4,000 new homes as Maroochydore evolves into the Sunshine Coast's principal commercial and residential centre.

When SOL secured approval in February 2025, Walker Managing Director and CEO David Gallant described it as the "first of many residential projects" the company planned for the Maroochydore City Centre.

Celeste now provides the clearest indication yet of what comes next.

The site sits immediately within the new CBD, with the design report identifying Sunshine Plaza and surrounding parkland within walking distance and Maroochydore Beach around a five-minute drive away.

For Walker, the timing of the application comes as its first residential bet on the new CBD appears to have been vindicated.

SOL has progressed from planning approval to construction while its first release has approached sell-out, giving Walker confidence to push ahead with another 208 apartments and take its residential pipeline in the Maroochydore City Centre to around 450 dwellings across the two projects.

Celeste remains subject to planning approval, with the architectural material describing the scheme as a preliminary yield study that may change through the assessment process.

Joel Robinson

Walker doubles down on Maroochydore with 29-storey Celeste apartment tower

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

Find out how to get iCIRT rated <a href="https://www.icirt.com/sites/default/files/2025-08/iCIRT-Infographic-Assessment-Process-Final.pdf">here</a>.

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

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;

[smartcode_project:default project_id=111820 project_image_fid=344699]

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.

[smartcode_project:default project_id=136442 project_image_fid=374084]

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.”

[smartcode_project:default project_id=134954 project_image_fid=4553]

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>
	<li>Proven at scale:&nbsp;Decennial cover has operated in NSW since 2022, protecting thousand of apartments.</li>
	<li>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>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>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>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>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>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>
	<li>Resilience Latent Defects Insurance (LDI):&nbsp;Covers major structural defects for 10 years from completion.</li>
	<li>Consumer-first:&nbsp;Direct claim access, no need for lengthy legal action.</li>
	<li>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>Market leader:&nbsp;&nbsp;Resilience Insurance originated LDI in Australia and is the national market leader.</li>
</ul>

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

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?

Hampton is renowned for its beaches, charming streets, and strong community spirit.

Its open parklands and lively centre featuring popular cafes, restaurants, and shopping destinations contribute to making <a href="/developments/hampton-vic-3188">Hampton</a> an appealing residential choice at any stage of life.&nbsp;

Future residents of developer <a href="/developers/wickton">Wickton</a>'s <a href="/new-apartments/linacre-rise-hampton-8-10-linacre-road-hampton">Linacre Rise</a> can anticipate various local amenities within convenient reach, starting with Linacre Private Hospital just next door, ensuring peace of mind especially for older residents and their families.

[smartcode_project:default project_id=95289 project_image_fid=229699]

Positioned on a quiet, tree-lined street at 8-10 Linacre Road, residents can enjoy a peaceful environment that is characteristic of Hampton living.&nbsp;

Peace Park, just a two-minute walk away, offers a quiet green space for relaxation and meditation.&nbsp;

The dog-friendly beach at Sandringham Harbour is an eight-minute walk, providing an opportunity for residents to enjoy the beach with their furry pets.

Meanwhile, golf enthusiasts can indulge in their passion at the Sandringham Golf Club, only an eight-minute drive from Linacre Rise.

[smartcode_project:default project_id=95289 project_image_fid=229696]

Connectivity is another strong point for Linacre Rise. Hampton Train Station is a convenient seven-minute walk away, facilitating easy commuting for residents relying on public transport. There is also a Woolworths situated near the station.

Within a 500-metre radius, residents can explore several restaurants and cafes, including Merrymen Café with just a three-minute walk, and Jac and Mooki, Sebastian’s Food &amp; Wine, and Brown Cow all within a five-minute walking distance.

Education options are also easily accessible. Sandringham Primary School, St Mary's School, and Hampton Primary School are all just a five-minute drive away.&nbsp;

St Leonard's College is six minutes away, and Monash University can be reached within a 20-minute drive.

[smartcode_project:default project_id=95289 project_image_fid=229694]

Linacre Rise offers 15 two-bedroom apartments starting at $1,275,000, and 12 three-bedroom apartments at $2.05 million.

The development is released back-to-back with its six-apartment counterpart <a href="/new-apartments/58-beach-hampton-58-beach-road-hampton">58 Beach</a>, located just a six-minute walk away.

[smartcode_project_cta:default project_id=95289]

Positioned on a quiet, tree-lined street, Linacre Rise residents can enjoy a peaceful environment that is characteristic of Hampton living. 

Between Hampton and Sandringham: How Linacre Rise takes advantage of two of Bayside's best suburbs

Developer Wickton&nbsp;entered the Hampton off the plan apartment market late last year with two different projects.

They're both aimed at the owner-occupier, but their more boutique project, <a href="/new-apartments/58-beach-hampton-58-beach-road-hampton">58 Beach</a>,&nbsp;only has two of the six large beachside apartments left, just a four-minute walk from <a href="/developments/hampton-vic-3188">Hampton</a> Beach.

[smartcode_project:default project_id=141530 project_image_fid=229655]

Designed by <a href="/architects/ewert-leaf">Ewert Leaf Architects</a> and landscaping by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick</a>, 58 Beach is a balance of the built and natural environment.

"The architecture’s coastal-inspired palette combines smooth, filleted concrete spandrels and textured parchment tone bricks, all crowned by verdant pre-oxidised shingles."&nbsp;Ewert Leaf described.

"From within, full-height windows frame immersive views of the lush gardens and the indigo hues of the bay beyond, with intention.

“Each residence is individually crafted through practical spatial planning, abundant natural light, refined materiality, bespoke detailing and premium fixtures and fittings. The interiors are both honest and unique, tailored for the address and crafted for the residents. A distinct feeling of home.”

The living and dining spaces are designed to flow into wraparound garden courtyards or expansive terraces, providing residents with wide beachfront vistas.&nbsp;

[smartcode_project:default project_id=141530 project_image_fid=229653]

The warm, minimalist interiors boast wide-plank engineered European oak timber flooring, concealed shelf lighting, and a natural stone plinth.

The kitchen, a practical and elegant space, features natural stone benchtops, extensive joinery, brushed nickel cupboard pulls, premium tapware, feature spotlights above preparation areas, and is well-equipped with Swiss V-ZUG appliances housed in a tower arrangement.

[smartcode_project:default project_id=141530 project_image_fid=229649]

The master suite features a walk-in robe and built-in robes in additional bedrooms.

The estimated completion date for 58 Beach is&nbsp;December 2024. Construction company&nbsp;<a href="/builders/2-moro-group">2 Moro Group</a>&nbsp;is overseeing the building for&nbsp;<a href="/developers/wickton">Wickton</a>.

[smartcode_project_cta:default project_id=141530]

The estimated completion date for 58 Beach is December 2024. Construction company 2 Moro Group is overseeing the building

Only two apartments remain at Hampton's 58 Beach apartments

Brisbane’s inner-city is getting closer to seeing the completion of its newest apartment development in Indooroopilly, The Audrey, by builder-developer&nbsp;Savve Developments &amp; Construction.

One of the biggest drawcards of&nbsp;<a href="/new-apartments/the-audrey-109-clarence-road-indooroopilly">The Audrey</a>, a boutique block of just 30 apartments, is its prime location, on a 1610 sqm&nbsp;site at 107 Clarence Road,

Beyond the amenities provided within The Audrey, including a rooftop pool with cabanas, barbecue facilities and a fire pit area, residents will benefit from easy access to a variety of establishments, activities, and services in the immediate area.

[smartcode_project:default project_id=94824 project_image_fid=209991]

Centrally located in a walkable community, The Audrey offers the best of all worlds, with the casual vibe of the tree-lined Clarence Road while being just moments away from a vibrant array of cafes and restaurants, world-class shopping destinations, and prestigious golf courses.

The convenience of nearby train stations and the new boardwalk along the Brisbane River adds an extra degree of accessibility, connecting residents to the CBD, which is just nine minutes away.

<a href="/developments/indooroopilly-qld-4068">Indooroopilly</a>&nbsp;Station is just a five-minute walk from the site, as is the Indooroopilly Shopping Centre, which is the largest shopping destination in the western suburbs of <a href="/new-apartments/brisbane-qld">Brisbane</a>&nbsp;with over 360 specialty stores, 16 cinema rooms and a food court.&nbsp;

[smartcode_project:default project_id=94824 project_image_fid=210022]

The Audrey is also close to two premier golf courses adjacent to each other, the Indooroopilly Golf Club and the St Lucia Golf Links, both a five-minute drive away.

In addition to shopping and entertainment, the surrounding area also boasts a variety of educational institutions, including The University of Queensland, Indooroopilly State High School, Brigidine College, St Peters Lutheran College, Ambrose Treacy College and Holy Family Primary School.&nbsp;

The Audrey, currently under construction by the building arm of&nbsp;<a href="/developers/savve-developments-construction">Savve Developments &amp; Construction</a>, has been met with keen buyer interest, with over 70 per cent of the apartments already spoken for.

The project was&nbsp;initially approved to deliver 35 apartments across eight storeys upon completion, however, now just 30 units will be delivered following several amalgamations.

Food and beverage tenancies will take up the ground floor. There will also be office space.

[smartcode_project_cta:default project_id=94824]

The Audrey is close to two premier golf courses adjacent to each other, the Indooroopilly Golf Club and the St Lucia Golf Links, both a five-minute drive away

The heart of Indooroopilly: Inside the location of The Audrey apartments

Inspired by nearby parklands and strategically located near Kedron Brook and the vibrant retail and lifestyle precinct of the suburb, Parklane effortlessly integrates into the dynamic landscape of Lutwyche.

Located at 25 Swinburne Street, <a href="/new-apartments/parklane-lutwyche-25-swinburne-street-lutwyche">Parklane</a> enjoys a prime spot between two well-maintained parks. To the west lies Prentice Park, while Wesley Street Park sits across Swinburne Street.&nbsp;

Prentice Park is bordered by Kedron Brook to the other side, featuring playgrounds, dog-friendly spaces, and a network of bikeways that meander along the brook's path. This strategic placement offers residents a tranquil environment, with easy access to green spaces and recreational facilities.

[smartcode_project:default project_id=25483 project_image_fid=250557]

Accessibility is a key feature of Parklane's location, with its proximity to essential transport links. Situated just six kilometres from Brisbane's CBD, residents benefit from accessible connectivity, further enhanced by the Northern Busway Station, which is just a seven-minute walk from the development.

In addition to its convenient location, Parklane offers residents easy access to a range of everyday amenities within walking distance.

Market Central Shopping Centre is only a six-minute walk away, while the recently refurbished Crown Hotel is just 350 metres down <a href="/developments/lutwyche-qld-4030">Lutwyche</a> Road.

Furthermore, the proposed Lamington Markets lifestyle precinct, located just eight minutes on foot, promises to enhance the area's appeal with its gourmet offerings and recreational amenities. For those seeking culinary delights or a caffeine fix, popular local restaurants and cafes such as Nepalese restaurant Spicy Momo &amp; Bar, Coffee Pasal, and Caruso's Coffee are only a few minutes' walk from Parklane.

[smartcode_project:default project_id=25483 project_image_fid=250558]

A concentration of schools around Parklane underscores its appeal to families seeking quality education options for their children, with schools like Wooloowin State School, Holy Cross School in&nbsp;<a href="/new-apartments/wooloowin-qld-4030">Wooloowin</a>, <a href="/new-apartments/windsor-qld-4030">Windsor</a> State School, St. Mary of the Cross School, and <a href="/new-apartments/kedron-qld-4031">Kedron</a> State High School all within a 700-metre radius.&nbsp;

With the final release underway, the development has seen an impressive uptake, with all units sold thus far being acquired by owner-occupiers. Only a limited number of units remain available.

Construction of Parklane by builder <a href="/builders/sig-group">SIG Construction Group</a> is approaching completion, with settlement expected in the coming months.

[smartcode_project_cta:default project_id=25483]

Construction of Parklane by builder SIG Construction Group is approaching completion, with settlement expected in the coming months

On the doorstep of Prentice Park: Inside Lutwyche's newest apartment development, Parklane

Batemans Bay has retained its coastal charm as one of the hidden gems of the South Coast.

While the likes of Hyams Beach and Huskisson are generally the first towns that come to mind when talking about the South Coast given their proximity to the iconic white sand, Batemans Bay has quietly sat on the periphery. That's however set to change, with new investment slated for the area as well as its first high-end apartment development in one of the best spots.

<a href="/developers/kela-building-group">KELA Building Group</a> recently launched&nbsp;<a href="/new-apartments/kailani-batemans-bay-50-52-beach-road-batemans-bay">Kailani</a>, a five-level apartment development at a level of quality that the township hasn't seen before. Only five apartments remain for sale in the luxury block of just 16 well-know architect Nathan Judd from Judd Studio in Canberra.

Read more:&nbsp;<a href="/news/nsw/rare-luxury-water-view-living-opportunity-in-batemans-bay-as-final-apartments-at-kailani-hit-the-market">Rare luxury water-view living opportunity in Batemans Bay as final apartments at Kailani hit the market</a>

[smartcode_project:default project_id=135129 project_image_fid=258271]

KELA Director James Lawson said when it came to selecting a location for their next project, the team focussed on places where they themselves liked to travel.

"As a family, we've been holidaying on the South Coast for several years, and we know how special <a href="/developments/batemans-bay-nsw-2536">Batemans Bay</a> is," Lawson says.

Lawson's view is that&nbsp;Batemans Bay is incredibly undervalued compared to some of the other locations dotted around the South Coast region.

"The likes of Kiama and Jervis Bay saw price growth as strong as anywhere in the country during the pandemic and that has outpriced a significant portion of the market.

"Batemans hasn't had that huge surge in price. It remains as one of the few places left on the South Coast, Eurobodalla Shire area with &nbsp;sheltered north-facing beaches and classic coastal amenities, but without the exorbitant prices many other towns now command.

"You can still get an apartment here with uninterrupted water views, only 100m from the bays edge, for less than the cost of an average inner-city apartment or in those beachside weekender pockets closer to Sydney."

[smartcode_project:default project_id=135129 project_image_fid=258269]

KELA picked up one of the best sites in Batemans Bay when they secured two adjoining blocks at 50-52 Beach Road, giving them over 1,100 sqm across the road from the bay and the local marina.

They demolished the 1970s home on one of the sites and kicked off construction of Kalaini, which they're forecasting to complete in early 2025.

The location underpins the whole project.

"The immediate surrounds of Kailani suits any kind of buyer, from families and holidaymakers who can be on the water in moments to retirees and downsizers who have cafes, all essential amenities and a 27-hole golf course 200m away from their front door."

[smartcode_project:default project_id=135129 project_image_fid=258271]

The golf club is one of the biggest drawcards in the whole of Batemans Bay. The championship Catalina Club Golf Course is accompanied by the Catalina Country Club, arguably one of the most popular spots in Batemans Bay and the wider Eurobodalla Shire.

Kailani residents will be a level walk to the Batemans Bay township where there are two shopping centres, Village Centre and Bridge Plaza. The marina across the road is a boaties paradise with all required amenities. It is also home to seafood restaurants Southern Catch and JJ's at The Marina

There are numerous beaches within five to 10 minutes of Kailani, from Corrigan’s Beach, Denham Beach, Surf Beach and Lilli Pilli Beach to name just a few. Batemans Bay is surrounded by a large number of attractions including the Mogo Wildlife Park, Eurobodalla Regional Botanical Garden, Bay Pavilions, Arts and Aquatic Centre, Mogo Mountain Bike Trails and the Batemans Bay Historical Museum.

Families considering Kailani will find it conveniently situated near Batemans Bay Public School, which is a six-minute drive away, and Batemans Bay High School, just a three-minute drive.

The remaining apartments at Kailani have three bedrooms, apart from the penthouse which has four. All have two secure undercover parking spaces and separate secure storage.

Each of the apartments offered feature a prime northerly aspect with spacious living areas that extend to large balconies, providing direct views of Batemans Bay, the foreshore, and the marina.

[smartcode_project_cta:default project_id=135129]

KELA Director James Lawson said when it came to selecting their next project, the team looked for a place where they liked to travel

The best of Batemans Bay: Why Kailani's location will be hard to repeat

National apartment developer Sun Property Group is continuing its push into Melbourne with their second project in the city's most affluent postcode getting the green light.

Following on from their debut Melbourne apartment development in <a href="/new-apartments/toorak-vic-3142">Toorak</a>,&nbsp;<a href="/new-apartments/the-brookville-5-brookville-road-toorak">The Brookville</a>, Sun Property Group (<a href="/developers/sun-property-group">SPG</a>), has secured approval for their next project, around 500 metres away on a double block at <a href="/new-apartments/226-228-williams-road-toorak">226-228 Williams Road</a>.

They'll be building a three-level block of just 18 high-end apartments designed by Cera Stribley, a mix of&nbsp;10 two-bedroom apartments, four three-beds, and four penthouses.

<img alt="SPG Toorak" data-entity-type="file" data-entity-uuid="9482e1d3-b884-43f5-ac36-2210f53af632" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.20.14%20am.png?VersionId=a8iTR2Ti9RhmmH2DwdPNbeEQ7mSQiv88" />

The prime 1,114 sqm site is just 250 metres to Hawksburn Train Station and 400 metres from the 59 Tram. SPG will be retaining the Smooth Bark Apple Tree, which will stand in front of the building and be accompanied by new landscaping by <a href="/architects/jack-merlo">Jack Merlo</a>.

The apartments will sit above a two-level basement which will home 38 parking spaces for residents and visitors.

<img alt="SPG Toorak" data-entity-type="file" data-entity-uuid="b536810f-234e-471b-b0a7-2f1631303d52" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.22.41%20am.png?VersionId=3VJmFyAjBrLMaWMPxRVmEQpqAHYH.o_1" />

Cera Stribley said the site, near the&nbsp;intersection of Toorak, Prahran, and South Yarra, is ideally located in a vibrant and upscale neighbourhood in Melbourne.

"This intersection seamlessly blends the charm of Toorak’s leafy streets, Prahran’s urban lifestyle, and South Yarra’s cosmopolitan atmosphere," Cera Stribley said in their submissions to the local council.

They said the proposed development aims to bring together the strengths of these areas by providing a variety of residences that cater to the broad demographics that may be attracted to this location.

SPG, whose HQ is in Sydney, also has a project in Chatswood at <a href="/new-apartments/1a-17-bowen-street-chatswood-nsw-2067">1a-17 Bowen Street</a>, next to the Great Northern Hotel. They're currently working on <a href="/new-apartments/aurora-willoughby-453-willoughby-road-willoughby">Aurora</a>, a boutique development of one, two, three and four-bedroom apartments in Willoughby.

[smartcode_project_cta:default project_id=109761]

Cera Stribley said the site, near the intersection of Toorak, Prahran, and South Yarra, is ideally located in a vibrant and upscale neighbourhood in Melbourne

Sun Property Group secure approval for second Toorak apartment development

Richmond-based architectural builder <a href="/builders/sinjen">Sinjen</a> has been appointed by local developer <a href="/developers/upscale-property-group">Upscale Property Group</a> as builder for their upcoming Loller St apartment development in Brighton.

<a href="/new-apartments/loller-st-1a-loller-street-brighton">Loller St</a> comprises just six dual-aspect apartments featuring two, three, and four bedrooms, all within a 15-minute walk to Brighton Beach.

[smartcode_project:default project_id=142223 project_image_fid=228670]

Designed collaboratively by <a href="/architects/telha-clarke-architects">Telha Clarke</a>, <a href="/interior-designers/mim-design">Mim Design</a>, and <a href="/landscape-architect/paul-bangay-garden-design">Paul Bangay</a>, Loller St reflects the harmonious blend of modernist architecture, meticulous interior design, and thoughtful landscaping.&nbsp;

Loller St's modern design allows for abundant floor-to-ceiling windows blurring indoor and outdoor spaces, clean lines, and open spaces conducive to free-flowing floor plans overlooking views of gardens and <a href="/developments/brighton-vic-3186">Brighton</a>.

Each apartment will feature custom Mim-designed pieces, wine cellars, fireplaces, and dedicated walls for art displays.

The heart of these homes is a Taj Mahal Quartzite kitchen equipped with Gaggenau Appliances and Brodware tapware.

[smartcode_project:default project_id=142223 project_image_fid=228672]

Security features are also a priority, with each apartment equipped with an individual alarm system and CCTV cameras installed in all common and public areas of the building. Electric vehicle chargers will be provided for each home, catering to the growing demand for sustainable living solutions.

Loller St is slated for completion in October 2025. Jellis Craig Projects is marketing Loller.

[smartcode_project_cta:default project_id=142223]

Loller St is slated for completion in October 2025.

Sinjen appointed to build Brighton's newest apartment development, Loller St

Bespoke Melbourne apartment developer Wickton has appointed Balmain &amp; Co. to deliver their upcoming Linacre Rise apartment project in Hampton.

The appointment follows the completion of site clearing works on site at 8-10 Linacre Road, <a href="/developments/hampton-vic-3188">Hampton</a>, with the next stage of excavation.

Read more:&nbsp;<a href="/news/vic/how-wickton-brings-confidence-to-the-off-the-plan-apartment-market-with-an-in-house-team-five-minutes-with-blanco-norton-and-will-leaf">How Wickton brings confidence to the off the plan apartment market with an in-house team: Five minutes with Blanco Norton and Will Leaf</a>

[smartcode_project:default project_id=95289 project_image_fid=229694]

<a href="/new-apartments/linacre-rise-hampton-8-10-linacre-road-hampton">Linacre Rise</a>&nbsp;will feature just 27 two and three-bedroom apartments next to Linacre Private Hospital and a few hundred metres from Peace Park, Sandringham Golf Club and Sandringham Beach.

Architecture firm <a href="/architects/ewert-leaf">Ewert Leaf</a> has designed the low-rise project which will sit in landscaping by <a href="/architects/john-patrick-landscape-architects">John Patrick Landscape Design</a>.

The 15 two-bedroom apartments start from $1,275,000, while the 12 three-bedroom apartments are priced from $2.05 million.

[smartcode_project:default project_id=95289 project_image_fid=229698]

<a href="/developers/wickton">Wickton</a> has created <a href="/new-apartments/linacre-rise-hampton-8-10-linacre-road-hampton">Linacre Rise</a> to be environmentally responsible and energy efficient for residents.

The inclusion of solar panels aims to decrease dependence on traditional energy sources to lower electricity bills and reduce carbon footprint.&nbsp;

<a href="/builders/balmain-co">Balmain &amp; Co.</a> is anticipating a Q1 2025 completion for Linacre Rise.

[smartcode_project_cta:default project_id=95289]

Balmain & Co. is anticipating a Q1 2025 completion for Linacre Rise

Wickton appoints Balmain & Co to deliver Linacre Rise

Melbourne developer&nbsp;<a href="/developers/chapter-group">Chapter Group</a> has appointed <a href="/builders/cobild">Cobild</a> as the builder for their latest development, Fitzroy Fitzroy.

<a href="/new-apartments/fitzroy-fitzroy-411-421-smith-street-fitzroy">Fitzroy Fitzroy</a>, a striking mixed-use project in the heart of <a href="/developments/fitzroy-vic-3065">Fitzroy</a>, is a joint venture between Chapter Group, run by Dean Lefkos,&nbsp;<a href="/developers/cdl-australia">CDL Australia</a>, and <a href="/developers/crema-group">Crema</a>.

The Smith Street development has seen a wave of buyer demand since its launch, recently hitting a new high following the sale of three amalgamated apartments that sold for around $10 million, the priciest sale in Fitzroy

Read more:&nbsp;<a href="/news/vic/confidence-in-melbournes-off-the-plan-apartment-market-soars-with-record-10-million-fitzroy-sale">Confidence in Melbourne's off the plan apartment market soars with record $10 million Fitzroy sale</a>

[smartcode_project:default project_id=14394 project_image_fid=183067]

“Fitzroy Fitzroy initially launched with 56 apartments and six townhomes but following a number of amalgamations, the project make-up has shrunk to 52 apartments and five townhomes,” says Dean Lefkos.

Buyer interest has been predominantly from local owner-occupiers, including downsizers, empty nesters, and young professionals. &nbsp;

[smartcode_project:default project_id=14394 project_image_fid=183063]

Designed by <a href="/architects/dko-architecture">DKO Architecture</a>, Fitzroy Fitzroy sits behind a grand heritage brick facade, once home to MacRobertson’s Garage and Workshop, and reaches nine storeys high, complete with angular rooftops and a chamfered western side to create sunlit internal spaces and generous viewlines.&nbsp;

At ground level, an internal laneway connects Smith Street to the residents’ lobby, inspired by the local arcades in Melbourne’s CBD, complete with ground-floor residential amenities and two retail tenancies.&nbsp;

Fitzroy Fitzroy is 70 per cent sold and is currently under construction. Custom floorplans are still available, with completion scheduled for Q4 2025.&nbsp;

[smartcode_project_cta:default project_id=14394]

Buyer interest has been predominantly from local owner-occupiers, including downsizers, empty nesters, and young professionals

Chapter Group appoint Cobild as builder for Fitzroy Fitzroy

Danny Avidan's&nbsp;Dare Property Group has simultaneously topped out their Vaucluse and Point Piper apartment projects.

Their <a href="/developments/vaucluse-nsw-2030">Vaucluse</a> project,&nbsp;<a href="/buildings/fontaine-vaucluse-63-new-south-head-road-vaucluse">Fontaine</a>, brings together the expertise of <a href="/architects/mhn-design-union">MHNDU</a>, <a href="/interior-designers/mim-design">Mim Design</a>, and <a href="/landscape-architect/paul-bangay-garden-design">Paul Bangay</a> for a boutique collection of six luxury apartments with panoramic views of Sydney Harbour.

[smartcode_project:default project_id=6126 project_image_fid=191994]

Meanwhile, <a href="/developers/dare-property-group">Dare's</a>&nbsp;<a href="/developments/point-piper-nsw-2027">Point Piper</a> development,&nbsp;<a href="/new-apartments/piper-2a-wunulla-road-point-piper">Piper</a>, is developed jointly with renowned developer Fortis, offering a collection of 15 apartments ranging from one to four bedrooms across its four levels.

They have also collaborated with Miriam Fanning-led Mim Design for interiors and <a href="/landscape-architect/dangar-barin-smith">Dangar Barin Smith</a> for landscaping.

When speaking to CBRE's Ben Stewart nearly two years ago when the project hit 50 per cent sold, he said he was&nbsp;seeing buyer enquiry coming in from everywhere from the inner west and lower north shore, with locals from Vaucluse and Dover Heights also showing keen interest.

“It’s really evident how well the apartments match up to what downsizers are looking for, both in size and their finish," Stewart said.

There was even a sale to a soon-to-be downsizing owner-occupier from Point Piper's exclusive Wolseley Road, who were looking for something brand new.

"The apartments on offer&nbsp;a great size, anywhere from&nbsp;200 sqm to 250 sqm internal, while also still incorporating a few special features, such as some feature a swimming pool, or big gardens."

Piper and Fontaine are slated for completion later this year.

&nbsp;

[smartcode_project_cta:default project_id=6126]

Both Fontaine and Vaucluse are expected to complete later this year


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