The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

[smartcode_project:default project_id=150017 project_image_fid=372547]

Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

[smartcode_project:default project_id=149670 project_image_fid=360975]

While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

[smartcode_project:default project_id=108274 project_image_fid=365786]

Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

&nbsp;

[smartcode_project:default project_id=150414 project_image_fid=372743]

Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

[smartcode_project:default project_id=146717 project_image_fid=372225]

While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

[smartcode_project:default project_id=146717 project_image_fid=372222]

The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

[smartcode_project:default project_id=134323 project_image_fid=6395]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

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.

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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.

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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.

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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="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>, in partnership with Hankyu Hanshin Properties, has opened expressions of interest for Aeris, the sixth and most elevated stage in the $5 billion Melrose Park master planned community in Sydney’s north-west.&nbsp;

The public launch will take place on Saturday 9 August at the new display suite, located at 38 Wharf Road, Melrose Park.

<a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-86-wharf-road-melrose-park-nsw-2114">Aeris</a>&nbsp;will comprise&nbsp;468 apartments across two tall 20 and 24-storey slender towers.

Positioned at the highest point of the 30-hectare site, Aeris offers panoramic views of the Parramatta River, Sydney Olympic Parklands and the surrounding Melrose Park neighbourhood.&nbsp;

Aeris features a mix of one, two and three-bedroom apartments including dual-key and multi-generational layouts. Prices start from $649,000 up to $1.55 million, with internal sizes ranging from 50 to 130 sqm.

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Veronica Papaianni, Sales Manager – Apartment &amp; Mixed-Use Developments at Sekisui House Australia, said Aeris represents a new level of sophistication and liveability in the masterplan.

“Every home includes Miele appliances, timber flooring throughout, and smart home integration,"&nbsp;Papaianni said.

"Residents will enjoy resort-style amenities including a rooftop pool, gym and an outdoor cinema, all designed to deliver an exclusive lifestyle experience.”

Papaianni said Aeris is&nbsp;designed to appeal to a broad market, from downsizers seeking low-maintenance luxury to professionals and investors attracted to the precinct’s long-term growth.

“Many of the two-bedroom residences feature a multipurpose room that can adapt to a range of lifestyle needs, whether that is working from home, a guest space or a creative retreat," Papaianni said.

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Designed by <a href="https://www.apartments.com.au/architects/group-gsa">GroupGSA</a>, Aeris has a strong emphasis on biophilic and sustainable design principles. Alister Eden, Principal at GroupGSA, said&nbsp;the name Aeris, from the Latin word ‘aer’ meaning ‘air’, captures the sense of openness and elevation they are aiming to create.

“The inspiration for the buildings stems from the idea of creating a sanctuary within the city, one that connects people to nature while embodying the refinement of elevated urban living,"&nbsp;Eden said.

“At the heart of the concept is the experience of living among or in some cases high above the tree-lined streets envisioned in the masterplan. The towers feature a shimmering façade of bronze and rose gold accents layered over pigmented concrete and warm masonry, designed to reflect the dappled light through a tree canopy. From the rooftop pool to the tree-lined courtyards, every element is grounded in biophilic design."

The launch of Aeris continues Melrose Park’s broader commitment to sustainability. Rooftop solar panels, communal and private EV charging and high-performance building design all contribute to the precinct’s target of a 7-star NaTHERS energy rating.&nbsp;

Construction of Aeris is anticipated to commence in late 2025, with the first lower tower due for completion in Q4 2027 and the second and third towers expected in 2028.

Melrose Park continues to take shape as one of NSW’s largest urban renewal projects. Upon completion it will include more than 6,000 homes, 52,000 sqm of green open space with over 1400 mature trees, new schools and Melrose Park Town Centre (set to open in 2026). The masterplan enjoys easy access to road, rail and water transport connections to Sydney’s CBD.

[smartcode_project_cta:default project_id=426]

Sekisui House Australia reveals Aeris, Melrose Park’s latest stage

<a href="https://www.urban.com.au/developments/brighton-vic-3186">Brighton</a> doesn’t often see medium-density projects with the level of design attention typically reserved for standalone homes.&nbsp;

<a href="https://www.urban.com.au/developers/kervale">Kervale</a>, renowned for their premium boutique developments, has carved out a distinct niche in the market by introducing an innovative alternative to traditional Bayside housing with their latest project, ELEMA.

ELEMA's design aims to propose a different answer to the question of how residents want to live: one that values quality over size, natural light over square metreage, and shared outdoor space over isolation.

Architecture by <a href="https://www.urban.com.au/architects/martinoleah">Martino Leah</a>, interiors by Brahman Perera, and landscaping by <a href="https://www.urban.com.au/landscape-architect/acre">Acre</a> work in tandem to reimagine the townhome not as a compromise on space, but as a more calibrated approach to quality, liveability and connection to place.

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<a href="https://www.urban.com.au/new-townhouses/elema-brighton-155-157-north-road-brighton-vic-3186">ELEMA</a> is scaled to sit comfortably within its suburban context. A horseshoe-shaped layout creates a sense of enclosure around a shared garden space, which doubles as a green outlook and a soft buffer between homes.

Architect Martino Leah uses a minimalist yet tactile material language - one that privileges natural light, privacy, and environmental performance. A key feature is the use of operable metal screening, applied across the facades to control sun and shade throughout the day. The effect is subtle but striking: dynamic shadows, filtered light, and an impression of permeability, all without relying on heavy architectural gestures.

[smartcode_project:default project_id=145418 project_image_fid=300803]

Inside, designer Brahman Perera has resisted short-term style cues in favour of something more lasting. His approach is subtle, intuitive, and highly resolved. Each residence has a muted base palette layered with material variation - stone, timber, textural joinery - that allows residents to personalise without starting from scratch.

Spatial planning prioritises flow over spectacle. Living spaces are open but defined; bedrooms are softly zoned. Large windows connect interiors to external gardens and, in some homes, private terraces or dip pools. Perera’s detailing - particularly in the joinery - elevates utility into something tactile and expressive.

[smartcode_project:default project_id=145418 project_image_fid=300809]

While the architecture holds the bones and the interiors shape the tone, it’s Acre’s landscaping that completes ELEMA’s sense of cohesion. Acre’s founder, Brett Robinson, has curated the gardens with a naturalistic sensibility, favouring layered planting, minimal maintenance, and native species adapted to Brighton’s coastal microclimate.

The central courtyard does more than provide greenery; it offers passive amenity, shared connection, and a spatial break that enhances cross-ventilation and daylight access for all residences. The inclusion of private dip pools in select homes adds an additional layer of amenity without overreach - another example of ELEMA’s balanced design ethos.

[smartcode_project:default project_id=145418 project_image_fid=300807]

ELEMA reflects a broader shift in how high-value suburbs are adapting to changing housing needs - away from uniformity, toward diversity in form, scale and function.

ELEMA comprises just 12 homes. The development also targets an average 7-star NatHERS energy rating, supported by solar panels, drought-tolerant landscaping and high-spec energy-efficient appliances.

[smartcode_project_cta:default project_id=145418]

Kervale reimagines the townhome with ELEMA Brighton

The timing couldn’t be better for the upcoming launch of <a href="https://www.apartments.com.au/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a>, the newest mixed-use tower in the heart of Sydney’s CBD.

Joint venture partners—Singapore-listed <a href="https://www.apartments.com.au/developers/first-sponsor">First Sponsor</a> and Melbourne-based lifestyle developer&nbsp;<a href="https://www.apartments.com.au/developers/icd-property">ICD Property</a>, chose to bide their time before launching the project, a redevelopment of the landmark City Tattersalls Building on Pitt Street.

They opted to wait until the complex build was well underway, a project that involves retaining the heritage-listed podium while constructing a soaring 55-storey glass tower above.

Their patience, aimed at instilling market confidence in the project’s delivery, has clearly paid off.

According to Charter Keck Cramer's H2 2024 State of the Market Report, the Sydney apartment market faces a significant supply-demand imbalance with continued population growth paired with limited new supply. The report highlights the post-pandemic impact on the apartment supply pipeline, with many planned projects placed on hold or discontinued, due to the broader construction environment.

Sydney House is more than two years into its construction program.&nbsp;Delivery partner <a href="https://www.apartments.com.au/builders/richard-crookes-constructions">Richard Crookes Constructions</a> commenced construction in Q1 2022 and is expected to complete in early 2027.

[smartcode_project:default project_id=12428 project_image_fid=312146]

A recent research report published by CBRE in June 2025 suggests that Australia’s population growth is set to experience continued growth of up to 15 per cent by 2030 supporting the requirement for new housing solutions.

The report highlights that the Sydney apartment supply over the next five-year period is forecast at 12,200 dwellings per annum with a demand forecast requirement of 30,000 dwellings. This suggests that demand for new apartments in central Sydney is expected to exceed supply for years to come, poising the market for a period of growth.

[smartcode_project:default project_id=12428 project_image_fid=350621] 
&nbsp; 
SRM Residential Partner and former CBRE Director, Tim Rees says that around 80 per cent of ‘right-sizer’ purchasers seek a property that’s easier to maintain.

"Approximately half see this as part of their retirement plan, and 40 per cent do so as they want the proceeds of their former home for other things," Rees says.

[smartcode_project:default project_id=12428 project_image_fid=350623]

<a href="https://www.apartments.com.au/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> will comprise 241 premium apartments above a new 135-room boutique hotel.&nbsp;<a href="https://www.apartments.com.au/architects/bvn-architecture" target="">BVN</a>&nbsp;Architecture has led the design of the tower, which will rise above the retained heritage podium. That podium, to be carefully restored by FJC Studio, will house a collection of high-end hospitality venues once complete.

Rees says that&nbsp;<a href="https://www.apartments.com.au/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> will be&nbsp;<a href="https://www.apartments.com.au/developments/sydney-nsw" target="">Sydney</a>&nbsp;CBD’s newest icon, blending modern architecture with historic grandeur located in one of the most prestigious enclaves of the CBD.&nbsp;

“Pitt Street is arguably the most significant street in all of&nbsp;<a href="https://www.apartments.com.au/developments/sydney-nsw" target="">Sydney</a>," Rees says.

"Just a stone’s throw from Circular Quay, The Opera House, Hyde Park and Darling Harbour,&nbsp;<a href="https://www.apartments.com.au/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> offers seamless connection with the CBD and beyond. Pitt Street Mall is literally across the road, and there is an abundance of dining venues in close proximity. The outlook from&nbsp;<a href="https://www.apartments.com.au/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> will be breathtaking with views of Hyde Park and&nbsp;Sydney’s famous iconic landmarks&nbsp;on offer."

[smartcode_project_cta:default project_id=12428]

Sydney House will comprise 241 premium apartments above a new 135-room boutique hotel

Sydney House times entry to Sydney CBD market as demand far outstrips supply

Capital Corporation has appointed the multi-award winning, family-owned construction firm DASCO to deliver the first 128 apartments at <a href="https://www.urban.com.au/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">The Residences at Wahroonga Estate</a>, part of the largest master plan on Sydney’s Upper North Shore.&nbsp;

The $1.5 billion transformation of a 31.4-hectare site heralds a new era for Upper North Shore, with The Residences at Wahroonga Estate forming the cornerstone of a broader vision to create a world-class integrated health precinct centred around the San Hospital, Sydney’s largest private hospital.

Following recent interest rate cuts, demand for high-quality, low-maintenance apartment living in a leafy, connected setting has surged. The project has already generated over $90 million in sales, with two-thirds of the initial apartment release secured by local downsizers, professionals, and families.

This is the first partnership between <a href="https://www.apartments.com.au/developers/capital-corporation">Capital Corporation</a> and <a href="https://www.apartments.com.au/builders/dasco-australia">DASCO</a>, bringing together two award-winning property powerhouses in what promises to be a defining project for the region.&nbsp;Both companies boast three decades of experience, shared values of excellence and trust and a combined track record of delivering over 10,000 dwellings across Australia, with more than 5,000 currently in the pipeline.

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Capital Corporation Managing Director Jim Hunter said DASCO’s reputation and capability made them the standout choice for this key project.

“We’re very pleased to be working with DASCO. Their commitment to quality and long-term community trust mirrors our own approach," Hunter says.

"The Residences at Wahroonga Estate will be a luxury landmark development for Sydney’s Upper North Shore, and we’re confident DASCO will help bring it to life with integrity and the highest standards of workmanship.”

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DASCO’s impressive portfolio includes the highly acclaimed East Village in Zetland, which has garnered over 20 industry awards. For three consecutive years, DASCO has received a 4.5-star iCIRT rating, the highest awarded to a private construction company in Australia and further reinforcing their standing as one of the most trusted builders in the country.

Former NSW Building Commissioner David Chandler publicly commended DASCO as one of the first builders for its commitment to industry reform.

DASCO Director and Owner Daniel Nicolas called it a "privilege" to work with Capital Corporation and be appointed builder.

"We’re aligned in our passion for creating communities that evoke luxury, lifestyle and liveability and are excited to raise the bar for residential living on the North Shore.” &nbsp;

The broader master plan has already delivered several key outcomes, including the expansion of the San Hospital to 90,000 sqm, a new high school, retail and medical suites, and the ongoing construction of 15,000 sqm of student and key worker housing. The commencement of these 128 apartments marks the beginning of the development’s first residential stage.

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With a strong track record on Sydney’s North Shore including Willoughby Grounds, St Leonards, Frenchs Forest and Roseville, the project will be DASCO’s largest build in the Upper North Shore to date.

Construction on the first 128 residences will commence in the coming months, with completion targeted for late 2027.

[smartcode_project_cta:default project_id=135247]

Capital Corporation Managing Director Jim Hunter said DASCO’s reputation and capability made them the standout choice for this key project.

Capital Corporation appoints DASCO to build the first stage at The Residences at Wahroonga Estate after $90m in sales

<a href="https://www.urban.com.au/developments/clifton-hill-vic-3068">Clifton Hill</a>'s tightly held property market has seen little new development in recent years, with apartments making up just 25 per cent of the suburb’s housing stock.&nbsp;

<a href="https://www.urban.com.au/new-apartments/33-queens-parade-clifton-hill-33-queens-parade-clifton-hill-vic-3068">33 Queens Pde</a> stands out as the first major residential project in the region in years.

Situated between two major green spaces, Edinburgh Gardens to the west and Darling Gardens to the east, 33 Queens Pde will introduce 32 residences to the area, including two and three-bedroom apartments, six townhouses, and two luxury penthouses.&nbsp;

The project is being developed by <a href="https://www.urban.com.au/developers/prime-edition">Prime Edition</a>, a boutique developer with a track record of delivering quality homes in premium Melbourne suburbs, including Toorak, South Yarra, and Surrey Hills.

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Designed by award-winning architecture firm <a href="https://www.urban.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the development emphasises light-filled, open-plan living spaces.&nbsp;

Floor-to-ceiling windows maximise natural light across all apartments, while each home is designed to connect seamlessly with private outdoor spaces, whether a balcony, courtyard, or rooftop terrace.

Kitchens are fitted with Miele appliances, natural stone benchtops and splashbacks, timber laminate cabinetry, and custom shelving. The master bedrooms feature walk-in robes and en-suites, and additional bedrooms are generously sized with their bathrooms.

Beyond the individual apartments, residents at 33 Queens Pde will have access to a communal landscape with an open-air atrium, along with modern facilities such as rainwater harvesting, smart parcel lockers, electric vehicle (EV) charging stations, bike storage with a repair station, and pet-washing facilities.&nbsp;

[smartcode_project:default project_id=134228 project_image_fid=305765]

Situated between Edinburgh Gardens and Darling Gardens, residents are also perfectly positioned to enjoy the best of Clifton Hill’s green spaces.

The area is well-served by public transport, with easy access to the tram on Route 86, connecting to key destinations like Fitzroy, Northcote, and the Melbourne CBD. Clifton Hill Station is just 700 meters away, providing a quick commute into the city.

The location also puts residents on Queens Parade, the main retail strip in Clifton Hill, so residents are walking distance to groceries, cafes, restaurants, medical and recreational opportunities. The vibrant café and retail precincts of Smith Street and Brunswick Street are also nearby.

Additionally, the development is conveniently located near educational institutions, with Collingwood College and Fitzroy High School within easy reach.

Demolition of the former commercial building on the prime 1,540 sqm Queens Parade site will commence shortly, with construction starting soon after.

[smartcode_project_cta:default project_id=134228]

Inside Prime Edition's rare Clifton Hill apartment development, 33 Queens Pde

Prominent builder-developer Core Developments has taken the reins on a prime town centre site to deliver one of Gungahlin’s most centrally located new apartment buildings in years.

Led by Ryan and Martine Cappello, Core Developments was keen to take over a project on Ernest Cavanagh Street, not only because of its location within the growing town centre but also due to the fact that Gungahlin, in Canberra’s north, is significantly undersupplied with new apartments, with just 13 per cent of dwellings being apartments.

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The new development, <a href="https://www.urban.com.au/new-apartments/raya-gungahlin-ernest-cavanagh-street-gungahlin-act-2912">Raya</a>, will feature 166 one, two, and three-bedroom apartments, designed by Stewart Architecture.

“Raya’s form seamlessly integrates with its amenity-rich surroundings, offering both privacy and sanctuary for residents while maintaining a strong connection to the vibrancy of the local community,” said Jonathon Phillips of Stewart Architecture.

[smartcode_project:default project_id=149952 project_image_fid=1130]

Each apartment includes a private outdoor space, with balconies ranging from eight square metres to over 50 square metres in select configurations.

An expansive rooftop terrace will form part of the building’s solar-powered communal areas, with the system helping offset electricity use across shared spaces. The rooftop is designed as a welcoming setting for residents to host gatherings with family, friends, and guests.

[smartcode_project:default project_id=149952 project_image_fid=1139]

One of the most attractive propositions for buyers is Raya’s location.

Future residents will be within five minutes of the town centre, home to three major shopping centres: Marketplace Gungahlin (which was recently extended), Gungahlin Village, and Gungahlin Square. These three centres collectively bring over 100 retailers, dining options, and hospitality venues, all just a stone’s throw from Raya.

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The Gungahlin light rail stop is just one street away from Raya. It’s the start of the line, and a short 24-minute trip to Alinga Street in the Canberra city centre.

Prospective homebuyers can secure an apartment at Raya with just a 5% deposit, and settle the remaining balance upon completion, which is slated for early 2027.

[smartcode_project_cta:default project_id=149952]

Core Developments to deliver rare new apartment living to Gungahlin’s growing town centre

The Kensington, one of the latest apartment projects by longstanding Sydney developer TOGA, has hit a major milestone.

The Anzac Parade building has officially topped out under the watchful eye of Gold Star iCIRT-rated builder DASCO, who can start to turn their attention toward the exterior of the building, and the fitout of the&nbsp;142 one, two, and three-bedroom apartments strategically located opposite the Kensington Light Rail stop.

[smartcode_project:default project_id=110959 project_image_fid=307645]

<a href="https://www.urban.com.au/new-apartments/the-kensington-147-151-anzac-parade-kensington-nsw-2033">The Kensington</a>'s design, in collaboration with award-winning design firm <a href="https://www.urban.com.au/architects/turner-studio">Turner Studio</a>, aims to reflect the charm of Kensington through its use of face brickwork, while offering contemporary, high-quality living spaces.&nbsp;

A standout feature is the communal rooftop garden, which provides sweeping views over the surrounding parklands and Randwick Racecourse.

The project also features retail spaces on the ground floor, aimed at offering convenience and services for residents and the local community. With private entrances for the SOHO terraces, these spaces are well-suited for small businesses or entrepreneurs.

[smartcode_project:default project_id=110959 project_image_fid=307661]

Apartments in The Kensington cater to a broad range of buyers, with one, two, and three-bedroom layouts available. The mix also includes a limited number of SOHO properties, offering flexible spaces that suit both living and business needs.&nbsp;

Prices are positioned in the luxury segment, with premium finishes, spacious floor plans, and an emphasis on seamless indoor-outdoor living.&nbsp;

Each apartment has been designed to adapt to modern lifestyle trends, including work-from-home arrangements, by integrating study areas in most layouts.

[smartcode_project:default project_id=110959 project_image_fid=307651]

Kensington has become one of the more sought-after locations in Sydney's Eastern Suburbs. Situated just 200 metres from the Kensington Light Rail stop and within a 10-minute drive to both the CBD and Coogee Beach, The Kensington offers a highly accessible location with a distinctly coastal-city lifestyle.&nbsp;

The area continues to see significant investment and development, driven by its proximity to major institutions such as the University of New South Wales (UNSW) and Prince of Wales Hospital.&nbsp;

The increasing demand for property in the area is reflected in a tightening rental market, with low vacancy rates contributing to positive fundamentals for development projects like this.

[smartcode_project:default project_id=110959 project_image_fid=307652]

TOGA, a well-established Australian developer, is known for its solid track record in delivering residential projects. With over 60 years of experience, the company is backed by a reputation for quality construction and innovation.&nbsp;

The Kensington marks a significant step in TOGA’s broader vision for revitalising the Anzac Parade corridor, contributing to the creation of a vibrant new residential and business precinct in the area.&nbsp;

Residents will move in midway through 2026.

[smartcode_project_cta:default project_id=110959]

&nbsp;

TOGA tops out The Kensington, reshaping Anzac Parade light rail corridor

As one of Canberra’s most prolific developers, Geocon has had a front-row seat to the evolving dynamics of the ACT’s apartment market — and according to Andrew Clark, General Manager of Development, the capital is only now beginning to realise its potential.

“Canberra’s really just coming of age,” Clark says. “We’re seeing consistent growth, and the fundamentals are incredibly strong — population is forecast to increase by around 9,500 people a year for the next five years, a highly educated buyer pool, and a government steadily investing in infrastructure.”

Geocon currently has two major projects in the planning stage. One is in Woden, where the Phillip Swimming and Ice Skating Centre site will be transformed into a three-stage development. The first stage, currently under review under the ACT’s updated Territory Plan, includes a new 25-metre indoor pool and splash park, along with 285 apartments — one of the first large-scale projects to move through the new framework.

“This is really a benchmark for how civic infrastructure and residential development can co-exist,” Clark says. “It’s a strong statement about what modern infill can look like in Canberra.”

<img alt="Woden" data-entity-type="file" data-entity-uuid="e1ab453f-cb42-46d8-b9e6-1b6698d82902" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-21%20at%2010.43.48%E2%80%AFAM.png?VersionId=E6yM2sJLsPmvfIWx.hN9F_oPCBeRzLKH" />The Woden development. Image supplied

Geocon’s other main focus is in Braddon, where the developer recently acquired a 10,663 sqm site on Northbourne Avenue. The site is slated for around 558 apartments and is still in early DA stages.

This project joins a growing list of higher-density developments pushing closer to public transport corridors — a clear priority under recent ACT Government strategies.

For Clark, the shift to infill and higher-density living isn’t just a planning directive, but a market inevitability.

“We’re seeing a widening gap in housing affordability between freestanding homes and units. For many first-home buyers and investors, units remain the more realistic entry point, especially as the cost of land and detached housing continues to climb, due to limited supply. That shift is having a real impact on buyer behaviour, particularly for families who still value the long-term benefits of owning land but are being priced out. It’s no surprise the market has been pushed toward more multi-unit developments — and frankly, it makes sense.” he says.

Clark also points to the environmental and infrastructure benefits.

“Infill helps us put more people closer to public transport and activity centres. That reduces car reliance and supports investment in things like light rail, which in turn drives more growth.”

[smartcode_project:default project_id=135046 project_image_fid=346795]

Clark notes that while apartment living is more established in cities like Sydney, Melbourne, Brisbane and the Gold Coast, Canberrans are starting to embrace the shift.

Investor interest has been growing in recent months, particularly from Sydney, with vacancy rates in Canberra sitting at just 1.5 per cent.

“There’s a good level of investor confidence in Canberra, and that hasn’t really changed. It’s a secure, stable place to invest — and that’s attractive when you're looking long term,” Clark says. “We’ve got solid relationships with agents across the country. And even though our core marketing is local, we know how to tap into that national interest.”

Looking ahead, Clark sees continued pressure on supply, particularly as the ACT’s population forecasts and housing targets outpace the current development pipeline.

“The government has acknowledged that urban infill is a critical part of the future land release programme, and their legislative changes reflect that. But even with that, we’re not really keeping up with demand. There’s still a lot of upside here.”

With the University of New South Wales recently lodging plans for a new Canberra campus, and light rail expansion progressing, Clark is optimistic about the region’s trajectory.

“The university sector has grown significantly, and that growth flows through the broader economy. At the same time, Canberra’s strong public sector presence underpins a wide range of private sector activity. That solid economic base gives the city a level of stability and insulation that many other cities simply don’t have.”

Ultimately, Clark sees Canberra continuing to evolve into a unit-driven market — not just for investors and students, but for professionals and downsizers who now see apartments as a viable long-term option.

“People are rethinking the quarter-acre dream,” he says. “It’s taken time — and there’s still work to do in appealing to families — but we’re seeing that shift.”

And as the city continues to grow, so too will the scale and ambition of its projects. “We’re ready for that next chapter. Canberra’s not a ‘maybe’ market anymore — it’s a market with a future.”

"We're only just getting started" Geocon's Andrew Clark on the future of apartment development in Canberra

Brisbane-based developer and builder, Gardner Vaughan Group, is expanding its foothold across South East Queensland.

Already one of the most established builder-developers in both Brisbane and the Sunshine Coast, Gardner Vaughan is now making its move into the Gold Coast.&nbsp;

They've secured a site on Mawarra Street on Chevron Island, and will soon submit plans for <a href="https://www.urban.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a>,&nbsp;119 apartments tailored for the modern coastal lifestyle.

The project, due to launch in early 2026, includes a curated selection of one-, two-, three-, and four-bedroom apartments.&nbsp;Two ground-floor retail tenancies will complement the vibrant village atmosphere of Chevron Island.

Designed with downsizers in mind, Bronze on Chevron&nbsp;will reflect GVG’s signature focus on quality, livability, and enduring design, principles that have earned the company a loyal following throughout the Sunshine Coast, Brisbane and Moreton Bay regions.

“Our entry into the Gold Coast is both a strategic and natural evolution of our business,” said Simon Betteridge, Chief Executive Officer of GVG.

“We’ve long admired the Gold Coast’s lifestyle offering, cultural vibrancy and strong demand for thoughtfully designed homes. We’re excited to bring our approach to development into this dynamic market.”

GVG’s move into the Gold Coast builds on the success of a series of landmark developments across South East Queensland including Zinc in Bokarina, Renovaré in Yeronga, Estilo on the Park in Chermside, and Stonebrook in Stones Corner.

With a fully integrated in-house model - managing everything from site acquisition through to construction and sales - GVG has built a reputation for reliability and proudly maintains a 100% project completion rate.

“We’re not just entering a new postcode - we’re becoming part of a new neighbourhood,” added Betteridge.

“Our goal is to create places people are proud to call home, and we’re looking forward to working closely with local stakeholders to deliver on that promise.”

Bronze on Chevron, due to launch in early 2026, will comprise 119 apartments and two ground-floor retail tenancies

Gardner Vaughan Group reveals Bronze on Chevron, first Gold Coast apartment play

Residential developer <a href="https://www.apartments.com.au/developers/fyve">FYVE</a> is the latest to offer unparalleled confidence to apartment purchasers, securing the sought-after Latent Defects Insurance (LDI) for their new Gosford project, <a href="https://www.apartments.com.au/new-apartments/serenity-by-fyve-54-56-donnison-street-west-gosford-nsw-2250">Serenity by FYVE</a>.

The boutique development, comprising just 34 apartments, is one of only two new projects on the Central Coast to offer LDI, a 10-year insurance policy that protects buyers against defects that may arise post-completion.

[smartcode_project:default project_id=88991 project_image_fid=3250]

FYVE Development Manager Dennis Nie said the decision was about delivering maximum assurance to purchasers.

"We wanted to send a clear message to buyers: we back our ability to deliver quality projects that stand the test of time, and we’re backing that promise with an insurance policy that offers real peace of mind when buying off the plan or new apartments."

[smartcode_project:default project_id=88991 project_image_fid=3252]

According to Nie, early feedback indicates the LDI is strongly resonating with buyers.

"It’s a game-changer for the consumer, and as a developer who takes quality construction seriously, it was an easy decision for us to offer LDI on our Serenity project. Insurers selectively offer LDI to developers and builders that they determine as trustworthy and with the credentials and experience to deliver quality buildings to a standard expected by consumers."

Serenity is currently under construction on Donnison Street, adjacent to Waterview Park and near Brisbane Water. It’s just a seven-minute walk to the Gosford CBD, with Sydney accessible in around an hour by train or car.

[smartcode_project:default project_id=88991 project_image_fid=3247]

To further strengthen buyer confidence, FYVE waited until the project was approximately 70 per cent complete before launching it to market.

"We understand that buying off the plan can be a daunting experience for some purchasers and the best way to allay those concerns is to see progress on site," Nie said. "We’re well advanced in construction, and buyers can already see the building’s facade nearing completion." He added that FYVE’s status as an iCIRT-rated developer supports their strong track record and reputation for delivery.

Looking ahead, FYVE is preparing to bring several new projects to market, turning its attention closer to Sydney with upcoming sites in Miranda, Northbridge and Rose Bay. These new apartments will be tailored to local owner-occupiers and downsizers, highlighting Fyve’s ability to produce quality apartments at all segments of the value spectrum.

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