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.

[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?

New apartments in Palm Beach have been in vogue for the past five years.

Developers have turned their attention to beachfront sites, with most creating full-floor luxury apartments that cater not only to the Gold Coast’s most affluent buyers, but also to prestige property seekers from Sydney and Melbourne.

One segment that’s been largely overlooked, however, is the modern townhouse market. These types of developments are generally harder to come by, as townhouses are built outwards rather than upwards—requiring double-width, deep blocks to accommodate multiple homes.

Boutique townhouse developer <a href="/developers/brique-projects">Brique Projects</a> has carved out a niche in this underrepresented space, having previously delivered successful projects in nearby Miami and the Sunshine Coast. In 2022, the developer secured an 840 sqm double block on Cypress Terrace, just 300 metres from the beach.

Following a comprehensive design phase in collaboration with Studio Workshop, Brique has recently demolished the original home and rear studio and officially launched <a href="/new-townhouses/cypress-terrace-palm-beach-382-cypress-terrace-north-palm-beach-qld-4221">Cypress Terrace</a>—a collection of just five three-level townhouses.

<h2 data-end="1336" data-start="1322">The Design</h2>

Studio Workshop says the architectural form of Cypress Terrace draws inspiration from the natural beauty of the Gold Coast environment.

“Subtle timber cladding, reminiscent of the paperbarks and eucalypts of coastal bushland, is punctuated by bold geologic projections that echo the volcanic forms of Elephant Rock and Purling Brook Falls.”

[smartcode_project:default project_id=136926 project_image_fid=349276]

They say the façade provides a thoughtful yet creative addition to the local streetscape. “The folded angular language on the street-facing elevation is a gesture to the mature gum tree on site that inspired the conceptual design, and this language repeats across each townhouse to provide a rich play of shadows, spatial variation and individuality for each dwelling.”

The founder of Brique Projects plans to retain one of the residences for herself, personally selecting the finishes and fixtures to create a home not only for future buyers—but one she could genuinely see herself living in.

<h2 data-end="2049" data-start="1680">The Homes</h2>

The homes have been designed with liveability front of mind, suiting both owner-occupiers seeking low-maintenance living and buyers looking for a lock-up-and-leave weekender.

[smartcode_project:default project_id=136926 project_image_fid=349283]

Each of the five villas features three bedrooms, all located on the second level, along with a retreat-style secondary living area. The first level is dedicated entirely to the main living space, which includes an open-plan kitchen with a walk-in pantry, honed stone benchtops, and Miele appliances. This flows into a dedicated indoor dining area and a limestone-tiled alfresco courtyard for seamless indoor-outdoor living.

[smartcode_project:default project_id=136926 project_image_fid=349282]

The ground floor offers parking for two vehicles, an additional courtyard, and internal lift access servicing all three levels.

<h2 data-end="2812" data-start="2796">The Location</h2>

Cypress Terrace is positioned in northern Palm Beach, within walking distance of a number of lifestyle destinations including Burleigh Head National Park, Tallebudgera Creek, and the expanding Palm Beach café and dining precinct.

The location also offers excellent connectivity, with easy access to major road links servicing both Coolangatta and the northern Gold Coast. Connectivity will be further enhanced by the upcoming G:LINK light rail extension, with the nearest proposed stop just 600 metres away on Nineteenth Avenue.

[smartcode_project:default project_id=136926 project_image_fid=349279]

Future residents will also benefit from the nearby Villea Palm Beach development by Abadeen, located on Mawarra Street. Alongside 69 apartments, the project will deliver a curated ground-floor retail precinct, likely to include a providore, café, and other boutique retailers.

<h2 data-end="3640" data-start="3623">The Developer</h2>

Brique Projects is a family-owned development company established in 2020. It is part of The Barclay Group, a family business that has contributed to the South East Queensland landscape since the 1950s.

With over a decade of experience in residential property development, Brique Projects is focused on delivering architecturally considered homes in lifestyle-rich, coastal locations. The company is committed to supporting local businesses, working with local consultants and trades to bring each project to life. Its first two developments are both just a short stroll from the beach.

[smartcode_project_cta:default project_id=136926]

The homes have been designed with liveability front of mind, suiting both owner-occupiers seeking low-maintenance living and buyers looking for a lock-up-and-leave weekender.

Brique Projects break the mould in Palm Beach as Cypress Terrace launches

Sydney house prices are entering yet another growth cycle.

With the median house price in the city approaching $1.5 million, more Sydneysiders are turning to apartments. As demand for apartments rises, so do their prices.

A brief market downturn has passed, and both housing types are now trending upward. Sydney’s median unit value currently sits at $859,000—over $600,000 less than houses—making them the more accessible option for many.

First home buyers have largely accepted that their first step onto the property ladder will likely be an apartment. Around 25% are willing to spend up to $1 million, while the majority (40%) are prepared to spend over $1 million to buy into the Harbour City.

Here’s where first home buyers are focusing their search:

<hr data-end="971" data-start="968" />
<h3 data-end="990" data-start="973">Rozelle</h3>

Sydney’s Inner West has long been one of the most popular regions for first home buyers. However, a lack of new apartment supply has suppressed the market.

PERIFA is looking to change that with the launch of <a data-end="1330" data-start="1230" rel="noopener" target="_new">Rozelle Village</a>, a landmark development breathing new life into the former Balmain Leagues Club site.

Set to deliver 59 affordable housing units within a broader mix of 227 apartments, Rozelle Village combines inner-city convenience with lifestyle perks like curated retail laneways, a community plaza, and proximity to Darling Street.

With a mix of one-, two-, and three-bedroom apartments, it’s a rare opportunity for first home buyers seeking urban appeal and community connection. Construction begins in late 2025, with completion expected in 2028.

<hr data-end="1874" data-start="1871" />
<h3 data-end="1898" data-start="1876">Melrose Park</h3>

Melrose Park is one of Sydney’s most active first home buyer markets, amid a $5 billion transformation.

Two major developers—Deicorp and Sekisui House Australia—are driving the suburb’s regeneration.

Deicorp’s <a data-end="2251" data-start="2166" rel="noopener" target="_new">Melrose Central</a> will deliver 500 apartments within a mixed-use precinct located directly in front of the future Melrose Park light rail stop. The project will feature a 30,000 sqm shopping centre anchored by Coles, offering walkable convenience and appeal for young professionals.

[smartcode_project:default project_id=134220 project_image_fid=289882]

Sekisui’s broader masterplan includes the recently launched <a data-end="2734" data-start="2650" rel="noopener" target="_new">Dawn</a>, comprising 368 smart apartments with rooftop gardens, smart home tech, and penthouse options. It’s located near the future Melrose Park High School and town centre.

[smartcode_project:default project_id=145496 project_image_fid=334163]

The next stage, <a data-end="3130" data-start="2990" rel="noopener" target="_new">Aeris</a>, will be the largest yet—468 apartments across two high-rise towers, the tallest in the precinct.

<hr data-end="3233" data-start="3230" />
<h3 data-end="3253" data-start="3235">Waterloo</h3>

Waterloo has been a first home buyer hotspot for two decades. Its proximity to the CBD and relative affordability—compared to Redfern and Surry Hills—continues to attract buyers, many of whom previously rented nearby.

After a lull in new development, DASCO has launched <a data-end="3661" data-start="3557" rel="noopener" target="_new">Danks St District</a>, a new mixed-use community set to become the suburb’s go-to lifestyle hub.

[smartcode_project:default project_id=111820 project_image_fid=344699]

One-bedroom apartments start from $960,000. The 1.7-hectare site, bordered by Danks, McEvoy and Young Streets, will feature six residential buildings. The first stage, Bourke Street Residences, includes generous floorplans, rooftop gardens, outdoor gyms, and soundproofed music rooms—ideal for creatives and young couples.

[smartcode_project:default project_id=111820 project_image_fid=344699]

Buyers benefit from Latent Defects Insurance, offering added peace of mind—an increasingly rare feature in new builds so close to the city.

<hr data-end="4350" data-start="4347" />
<h3 data-end="4372" data-start="4352">Merrylands</h3>

First home buyer activity is booming in Western Sydney, particularly in Merrylands on the edge of Parramatta.

<a data-end="4609" data-start="4511" rel="noopener" target="_new">Mason &amp; Main</a> by Coronation Property has seen strong demand from first-time buyers. A handful of brand new, move-in-ready apartments are still available, including studios and two-bedders—many qualifying for stamp duty exemptions.

[smartcode_project:default project_id=31751 project_image_fid=257785]

Residents enjoy rooftop amenities, a gym, pool, and a retail precinct with over 25 stores. Located just 350 metres from Merrylands Station, it’s an attractive option for commuters.

[smartcode_project:default project_id=5660 project_image_fid=343722]

&nbsp;

Nearby, Northland Group has launched <a data-end="5222" data-start="5118" rel="noopener" target="_new">Central Quarter</a>, the first Merrylands project with 10-year Latent Defect Insurance by Resilience Insurance. The building will house 194 apartments and a rooftop communal space, with construction due for completion in early 2026.

Northland is currently locking in street-level retail tenants to enhance resident amenity.

<hr data-end="5532" data-start="5529" />
<h3 data-end="5555" data-start="5534">St Leonards</h3>

Project: Waterstone

Suburbs connected to Sydney’s expanded Metro network are increasingly popular with first home buyers—none more so than St Leonards.

Sekisui House Australia recently launched <a data-end="5846" data-start="5756" rel="noopener" target="_new">Waterstone</a>, a 230-apartment development with a strong sustainability and community focus.

[smartcode_project:default project_id=134191 project_image_fid=234]

The development includes a range of one-, two-, and three-bedroom options, with nearly a third of the site dedicated to green open space. A central “green spine” and swimming pool will feature prominently.

Waterstone is inspired by the Japanese philosophy of Satoyama, which promotes harmony between humans and nature. Native plantings, energy-efficient systems, and sustainable materials all form part of the design’s environmental ethos.

The most popular Sydney suburbs for first home buyers in 2025

<a href="/developments/north-sydney-nsw-2060">North Sydney</a>’s AURA by Aqualand has been taken out the Best Residential High Rise Development - Australia, at the 2025 Asia Pacific International Property Awards.

The win positions <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA</a> among the top-tier developments in the region,&nbsp;recognising the project’s architectural strength and contribution to urban renewal in the Lower North Shore.

[smartcode_project:default project_id=30959 project_image_fid=292862]

Developed by <a href="/developers/aqualand-australia">Aqualand Australia</a> and designed by <a href="/architects/woods-bagot">Woods Bagot</a>, AURA is one of the most significant new builds to emerge from North Sydney’s current wave of transformation.

Located adjacent to the new Victoria Cross Metro Station, the development occupies a prominent site that is both physically and symbolically central to the area’s growth into a denser, more connected urban precinct.

The Asia Pacific International Property Awards are part of a globally recognised program that evaluates real estate projects across architecture, sustainability, and overall contribution to the built environment. The “Best Residential High Rise - Australia” category highlights projects that elevate apartment living standards while responding to their urban context.

[smartcode_project:default project_id=30959 project_image_fid=292861]

AURA’s design draws heavily from the surrounding harbour landscape. Its curved form references Sydney’s sandstone cliffs and foreshore, while the building’s sculpted exterior enhances light and airflow to the residences.&nbsp;

Woods Bagot Principal Jason Fraser, who led the project, described the design intent as “creating a building that responds to its site both visually and experientially.”

“We’re honoured to have helped bring AURA by Aqualand to life. This recognition captures the spirit behind our creative concept, which was to create a striking addition to Sydney’s skyline that people are proud to call home.”&nbsp;

The architecture aims to integrate with the evolving cityscape of North Sydney while establishing a distinctive identity for the building and its residents.

AURA offers 386 apartments ranging from one to four bedrooms. Interiors, by Richard Stanisich, focuses on spacious layouts and contemporary materials.

[smartcode_project:default project_id=30959 project_image_fid=292874]

Beyond its residential offering, AURA is designed as a mixed-use precinct. The ground plane has been developed with a focus on permeability and activation, offering new hospitality venues including a bakery, providore, wine bar, Japanese restaurant, and LA-inspired bistro. These additions reflect broader trends in inner-urban residential development, where amenity and street-level engagement are increasingly prioritised.

The inclusion of concierge services and shared wellness and recreation spaces is consistent with the growing expectation that apartment developments deliver a well-rounded resident experience.

[smartcode_project:default project_id=30959 project_image_fid=292899]

The award comes as North Sydney experiences one of the most significant urban shifts in its history, spurred by infrastructure investment and rezoning initiatives.&nbsp;

The completion of the Victoria Cross Station and upgrades to the surrounding public space have made the area more attractive to developers and owner-occupiers alike.

AURA is complete and move-in ready.

[smartcode_project_cta:default project_id=30959]

Woods Bagot Principal Jason Fraser, who led the project, described the design intent as “creating a building that responds to its site both visually and experientially.”

AURA by Aqualand awarded Australia’s Best Residential High Rise at 2025 Asia Pacific Property Awards

Construction of the landmark <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> mixed-use development, a joint venture spearheaded by <a href="/developers/first-sponsor">First Sponsor</a> and <a href="/developers/icd-property">ICD Property</a>, is forging ahead and moving into the next stage of the construction program.

The iconic project in the heart of Sydney’s CBD is on track for delivery in 2027.

Designed by acclaimed architects, <a href="/architects/bvn-architecture">BVN Architecture</a> (for the tower and interiors), and FJC Studio (for the heritage podium),&nbsp;<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> will comprise 241 premium residences atop a 135-room hotel.

<a href="/builders/richard-crookes-constructions">Richard Crookes Constructions</a>&nbsp;Construction Manager, Elliot Hicks confirmed demolition and bulk excavation are now complete, and major structural activities are progressing at pace.&nbsp;

[smartcode_project:default project_id=12428 project_image_fid=312145]

“The installation of the site’s third tower crane is now complete, marking a significant milestone in the project’s delivery, which will see further efficiencies as we work through the structure, with the site’s core reaching level 7 and structural slabs reaching level 3 by the end of May,” Hicks said.

“A significant and unique component of this project is the meticulous retention and protection of heritage elements, reflecting Sydney House’s commitment to preserving its historic character while delivering a modern, world-class development that enhances the site’s significance for generations to come."

Hicks said that three of the four buildings will see&nbsp;significant heritage retention and restoration to both facades and key internal elements.

"So far, the heritage works on site have seen the retention of the remaining heritage fabric across key areas such as the façade elements, the Lower Bar, Sydney Room, Corinthian Room, and Billiard Room, which are all now fully secured and protected.&nbsp;These richly detailed spaces — each with architectural and cultural significance — have undergone careful salvation of heritage material, which will be preserved and reused in the completed building."

Hick said the&nbsp;respectful integration of new structure with the historic core is central to the vision for Sydney House.

“By preserving character-defining elements and embedding them into the future of the building, we’re honouring the site’s legacy while creating an enduring new chapter.”

[smartcode_project:default project_id=12428 project_image_fid=350617]

Sydney House continues to track well against its program and promises to be a striking blend of heritage and innovation in Sydney’s cityscape by 2027.

Richard Crookes Construction is renowned for its meticulous, exceptional quality of construction in high-end residential projects such as the Sirius building in The Rocks.

First Sponsor and ICD Property echoed the sentiment regarding the development, noting that the project is well on track to becoming a new architectural icon for Sydney.

“Sydney House is more than just a building – it’s a legacy project that reflects our shared vision for delivering a truly exemplary project befitting its CBD location, set within one of the city’s most prestigious enclaves,” said a spokesperson for the joint venture.

The next phase of construction will see the tower core continue to rise, alongside internal fit-outs and façade installation, with completion expected in Q4 2027.

[smartcode_project_cta:default project_id=12428]

Richard Crookes Constructions progresses to structural works marking the beginning of a new construction milestone of the 50-storey tower on Sydney House

Construction steaming ahead at iconic Sydney House mixed-use landmark

Confidence is currency in the off the plan apartment market.

A developer’s track record is paramount. If they’re new to the scene, their personal background and the calibre of their partners—architects, builders, planners—can offer strong indications of the project's likely success.

Now, a new layer of buyer assurance is emerging: Latent Defects Insurance (LDI).

INCA Property Group is among the latest developers to adopt this rigorous form of protection, securing LDI through Resilience Insurance for its boutique St Ives development, Ellis Residences.

Currently under construction by GOP Constructions, Ellis Residences will comprise 18 three-bedroom apartments, nestled in a quiet cul-de-sac just moments from St Ives Village.

[smartcode_project:default project_id=144449 project_image_fid=316794]

INCA Development Manager Michael Downs says the team first encountered LDI during their Waitara project but couldn’t proceed at the time, as construction was already too far advanced.

"By the time we were planning Ellis, our builder was proactively asking for it," Downs says. "It gives them certainty, it gives us confidence—and ultimately, it protects the buyer in a way that traditional strata bonds can’t. By the time it’s complete, we know any structural concerns for the next 10 years are covered. It’s a cleaner, more accountable way to do things—the builder can move on, and the buyer isn’t left chasing defects years down the track."

INCA’s Sales and Marketing Manager Mat Cassidy says that while LDI may not be widely understood by buyers just yet, it’s a game changer once explained.

"When we invited our local agent network to preview Ellis before launching sales, the key topic of conversation was how to explain Latent Defects Insurance to buyers," Cassidy says. "We had the Resilience Insurance team on hand to answer questions and break it down. Once it was explained, the value really hit home."

Cassidy describes LDI as "a new benchmark for buyer protection", and says its impact goes beyond post-settlement peace of mind.

"There are monthly or even bi-monthly inspections by a third-party Technical Inspection Service. What the builder delivers isn’t just acceptable to the developer—it has to meet the insurer’s standards. That level of scrutiny benefits everyone."

Even in the event that something does arise post-completion, Cassidy says the process is refreshingly simple for buyers.

"If something goes wrong within the first 10 years, buyers aren’t left fighting for a resolution. They just call the insurer. That’s what we love—peace of mind for everyone involved."

Ellis Residences is currently one of the only developments in the Ku-ring-gai local government area to offer Latent Defects Insurance.

Cassidy confirms INCA plans to roll out LDI across all future apartment projects.

"It’s a must for us—we’re committed to doing the right thing by our buyers," he says. "Without buyers, there are no new projects, so their needs and expectations come above all else."

<hr data-end="3209" data-start="3206" />
<h3 data-end="3252" data-start="3211">What is Latent Defects Insurance?</h3>

Latent Defects Insurance is a 10-year structural warranty that protects apartment buyers from major defects in structural elements, waterproofing, and core building systems such as electrical and plumbing.

It differs from traditional strata bonds in that it’s developer-purchased and activated immediately upon completion. It also includes independent inspections throughout construction to help catch issues early.

Read more:&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

Ellis Residences is currently one of the only developments in the Ku-ring-gai local government area to offer Latent Defects Insurance

"A new benchmark for buyer protection" INCA takes out Resilience LDI at Ellis Residences, St Ives

Leading Sydney developer <a href="/developers/deicorp">Deicorp</a> has officially broken ground on its $1 billion Showground Pavilions project in Castle Hill, marking the start of construction on one of the most significant residential projects in Sydney’s north-west.&nbsp;

Located within the Hills Showground Station Precinct, the Precinct East project – known as Showground Pavilions – will deliver 873 new homes across five residential buildings designed by award-winning architecture firms <a href="/architects/turner-studio">Turner Studio</a> and <a href="/architects/group-gsa">GroupGSA</a>.

The development will also include 44 affordable dwellings, a 3,500 sqm public park, and communal outdoor spaces such as landscaped courtyards, a playground, barbecue areas and shaded seating.&nbsp;

<img alt="Showground Pavilions in Castle Hill" data-entity-type="file" data-entity-uuid="d7c28303-b5e5-4956-9207-cb3297c33a66" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ShowgroundPavilions_Pedestrian%20Spine%20Link.jpg?VersionId=DNtf0ZNrqZsbLBCLO79fOfeKRG8NX7QL" />

“The Hills Shire is one of the fastest-growing regions in the country, with our population projected to reach 328,000 by 2041," said Mayor Dr. Michelle Byrne.&nbsp;

"This rapid growth presents significant challenges, particularly amid a national housing crisis. That’s why developments like the Pavilions are critical to addressing these challenges. It’s a prime example of situating high-density development close to public transport, community facilities, such as Castle Hill Showground and shopping centres, like Castle Towers."

Dr&nbsp;Byrnev said it is also great to&nbsp;see affordable housing set aside for key workers such as nurses, teachers, and police officers—helping them to live in the community they serve.

The development forms part of the Hills Showground Station Precinct – an urban renewal initiative led by Landcom and Sydney Metro. Deicorp was selected to deliver both the East and Village precincts, with the neighbouring 430-apartment Hills Showground Village now under construction and Stage 1 nearing completion mid-year.&nbsp;

<img alt="Showground Pavilions in Castle Hill" data-entity-type="file" data-entity-uuid="0385da64-995c-4ac2-90ea-da94e977006e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ShowgroundPavilions_Between%20Buildings.jpg?VersionId=nOIPwGTFSn96jKF4oDuxnQsRNS8Yit8z" />

In total, Deicorp’s contributions across both sites will deliver over 1,300 new dwellings and provide more than $2 billion in economic impact. The Precinct East project alone is expected to generate over 5,000 jobs throughout construction and deliver upwards of $200 million to State and Local Government, including local contributions and taxes.

Planning approval for Showground Pavilions was granted by the Department of Planning and Environment in February 2025. The approved scheme includes a considered mix of 136 one-bedroom, 527 two-bedroom, and 210 three-bedroom apartments, with design principles shaped by the site’s natural context and seamless integration with surrounding open space.&nbsp;

“This milestone marks our continued commitment to building vibrant, connected communities along the Sydney Metro line,” said Deicorp Founder Fouad Deiri.&nbsp;

“Showground Pavilions is an outstanding example of how smart, transit-oriented development can help address Sydney’s growing housing demand while creating places people are proud to call home,” Fouad added.&nbsp;

Showground Pavilions is due to launch to market in the coming months.&nbsp;

The project adds to Deicorp’s expanding portfolio of Metro-linked communities, including Tallawong Village, Joynton Avenue in Zetland, and the recently approved Five Ways project in Crows Nest.

Deicorp breaks ground on $1 billion Showground Pavilions in Castle Hill

The Sunshine Coast is currently undergoing something of a development boom.

Unlike its southern counterparts—Brisbane and particularly the Gold Coast—the region has largely avoided the wave of new housing supply, despite experiencing a surge in net internal migration.

According to the Regional Australia Institute, the Sunshine Coast’s share of net internal migration rose to 17.5 per cent in December 2023—the highest level since the metric was first recorded. This was driven by a 33.3 per cent increase from the previous quarter, largely fuelled by migration from capital cities.

While population growth in the region has surged well above the national average, new housing supply hasn’t kept pace.

Several developers—particularly those based in Brisbane—have now identified key areas of the Sunshine Coast as strong performers for future growth. As a result, they're broadening their focus beyond the capital, bringing rare opportunities to buy brand-new apartments—something the region hasn’t seen at scale for decades.

In this article, we’ve highlighted the top four new apartment developments currently selling in 2025.

<h2>What: Bask</h2>

<h3>Where: Bokarina</h3>

<h3>Who: Gardner Vaughan Group</h3>

Builder-developer Gardner Vaughan Group is one of the most active developers on the Sunshine Coast. With its HQ in Brisbane, GVG branched out to the Sunshine Coast in 2021 when they launched Zinc Bokarina.

They recently completed the sell-out project, and are now delivering <a href="/new-apartments/bask-bokarina-38-bokarina-boulevard-bokarina-qld-4575">Bask Bokarina</a>, just a few doors down on Bokarina Boulevard, a short walk to the Bokarina Beach sand.

[smartcode_project:default project_id=141609 project_image_fid=333361]

Bask comprises two oceanfront towers, Mydas and Caretta, with a total of 135 architecturally designed apartments. Each offers coastal-inspired interiors, large balconies, and indoor-outdoor living.

Amenities include a heated pool, gym, parcel lockers, dog wash, function rooms, and over 1,000 sqm of retail space. Bask’s unbeatable location opposite Bokarina Beach Park, combined with sweeping ocean and mountain views, makes it a clear 2025 standout.

[smartcode_project:default project_id=141609 project_image_fid=333365]

GVG recently sold one of the penthouses at Bask <a href="/news/qld/exclusive-gardner-vaughan-smashes-bokarina-price-record-with-bask-penthouse-sale">for a suburb-record .5 million</a>.

<h2>What: Sunset Caloundra</h2>

<h3>Where: 5-7 Bombala Terrace, Caloundra</h3>

<h3>Who: Dusk Group</h3>

The newest development to the Sunshine Coast market in 2025 is from another Brisbane developer.

Dusk Group recently launched&nbsp;<a href="/new-apartments/sunset-by-dusk-group-caloundra-5-7-bombala-terrace-caloundra-qld-4551">Sunset Caloundra</a>, just 36 apartments starting from $650,000 in the heart of <a href="/developments/caloundra-qld-4551">Caloundra</a>.

[smartcode_project:default project_id=148795 project_image_fid=346466]

Designed by&nbsp;<a href="/architects/mas-architecture-studio">MAS Architecture Studio</a>, Sunset will also feature&nbsp;a resident swimming pool, BBQ pavilion, lounge, and communal green space. It will be a short walk from Kings Beach and Caloundra's cafes.

[smartcode_project:default project_id=148795 project_image_fid=346469]

Having already secured several sales to a mix of owner-occupiers and lifestyle investors, Dusk Group will commence construction in the coming months

<h2>What: St Clair</h2>

<h3>Where: Birtinya</h3>

<h3>Who: Habitat Development Group</h3>

Another burgeoning Sunshine Coast developer, Habitat Development Group, is delivering several projects both in small coastal towns as well as the Maroochydore CBD.

They're half way through construction of <a href="/new-apartments/st-clair-birtinya-930-931-waterside-retreat-birtinya">St Clair</a>, 200 apartments across two eight-level buildings in <a href="/developments/birtinya-qld-4575">Birtinya</a>. There are one, two, three and four-bedroom apartments on offer.

[smartcode_project:default project_id=108399 project_image_fid=230359]

The $150 million development is one of the most amenity rich in the area, with a rooftop terrace, 25-metre lap pool, wading pool, private dining room, and over 1,000 sqm of private parklands with BBQ and firepit zones.

St Clair residents will also benefit from direct esplanade access to Lake Kawana and proximity to the Stockland Shopping Centre and Bokarina Beach.&nbsp;

[smartcode_project:default project_id=108399 project_image_fid=230354]

Completion of St Clair is expected in Q1 2026.

<h2>What: Ocean Rise</h2>

<h3>Where: Kings Beach</h3>

<h3>Who: D.C.O Developments</h3>

The small suburb of <a href="/developments/kings-beach-qld-4551">Kings Beach</a>, on the edge of Caloundra, rarely sees new apartment development.&nbsp;

<a href="/new-apartments/ocean-rise-kings-beach-48-king-street-kings-beach">Ocean Rise</a> is the only new building currently on the market and under construction in the coastal suburb. It will have just 14 three-bedroom apartments, starting from $1.55 million.

[smartcode_project:default project_id=112638 project_image_fid=195931]

The apartments offer generous living spaces, kitchens with stone benchtops, and expansive balconies designed to maximise the ocean outlook. Outdoor features include a pool and curated lounge areas.

Several developers—particularly those based in Brisbane—have now identified key areas of the Sunshine Coast as strong performers for future growth

Where to buy a new apartment on the Sunshine Coast in 2025

The push for more downsizer apartments in Sydney's affluent Eastern Suburbs is set to continue.&nbsp;

Boutique builder developer MD Living is planning 12 apartments on Hamilton Street, just a few houses down from the centre of Rose Bay village on Old South Head Road.

The $15 million apartment building, that will replace two original homes at 28 and 30 Hamilton Street, has been designed by&nbsp;<a href="/developers/ess-lifestyle-pty-ltd">ess Life Style</a>&nbsp;and will rise six levels. Two doors down is the 2019-completed Hampton building.

The three and four-bedroom apartments each occupy half a floor.

<img alt="Rose Bay" data-entity-type="file" data-entity-uuid="fdb3790b-2002-4cce-acce-b68720909813" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-26%20at%202.45.56%E2%80%AFPM.png?VersionId=35rms0GhDaRs77aZFZiUMh_2ocluSg7m" />

The new applications marks a continued transition to new larger-scale apartments in Rose Bay, a suburb which has traditionally lacked such supply.

Several new developments are soon to come to the market in the area. Boutique national developer Fortis is planning a new project on Ian Street, 11 three-bedroom apartments and a two-bed apartment in a five-level building by&nbsp;<a href="/architects/mhn-design-union">MHN Design Union</a>.

Fellow developer Orosi is soon to launch The Avenue, the largest mixed-use development Rose Bay has ever seen.

[smartcode_project:default project_id=145607 project_image_fid=348825]

The development, on an amalgamated 3,000 sqm site adjacent to the&nbsp;Royal&nbsp;<a href="/developments/sydney-nsw" target="">Sydney</a>&nbsp;Golf Club, will offer 50 two and three-bedroom apartments, and a cafe on the ground level.

"The apartments are on the larger side, so they will suit a wide range of demographics, not just downsizers," Orosi Founder and Managing Director&nbsp;Hamid Samavi told Urban.

"The Avenue&nbsp;will set a new benchmark for architecture and sustainability in The Eastern Suburbs, featuring state-of-the-art facilities and curated retail spaces, including a Kosher café, an organic restaurant, and&nbsp;Sydney’s most iconic wellness centre."

First look: Rose Bay's downsizer push continues

Perth luxury apartment developer Blackburne has announced their first truly boutique high-end development for the South Perth waterfront.

Blackburne, who is known for recent award-winning developments such as The Grove Residences in Claremont and ONE Subiaco, will develop the luxury project at <a href="/new-apartments/44-mill-point-road-south-perth-wa-6151">44 Mill Point Road</a>.

The project will feature only 57 large-scale apartments, ranging from $2 million to $10 million. The development will have health club-level facilities, a bathhouse, private dining rooms, and a private residents’ lounge.

<img alt="Blackburne" data-entity-type="file" data-entity-uuid="23b666b5-2ee6-4a7b-966b-3d60ef92e224" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-26%20at%203.59.45%E2%80%AFPM.png?VersionId=s75d1n90heoDS9iiEN_GFsW_r5Hsz3fh" />

&nbsp;

Managing Director and Founder of Blackburne Paul Blackburne said it is their most exciting development to date.

“We’re proud to be bringing a project that responds to the unique character of South Perth while raising the bar for apartment living," Blackburne said.

"Perth has never seen a boutique project with mostly ultra-high-end residences, and we’re excited to bring something new to people wanting to live in South Perth.

“With larger floorplans than we have ever done before, ultra-premium finishes and a focus on privacy and views, this development is tailored for discerning owner occupiers who want to stay connected to the city while enjoying a relaxed, riverside lifestyle. This location is without a doubt the best in South Perth and will bring something new to the area. It’s our most exciting development yet,” he said.

<img alt="Blackburne" data-entity-type="file" data-entity-uuid="5117e8f8-9294-49ed-ac07-7e693c3081ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-26%20at%204.00.08%E2%80%AFPM.png?VersionId=LQoO6Ky_mBVH8wi7OFIMrDVb9bQNXLrr" />

When designing the South Perth development, local architects MJA Studio drew inspiration from the forms of the river, the local tonal palettes of the peninsula and the iconic local architecture such as the Flour Mill and the Narrows Bridge.

The DA is progressing through the new 11B Pathway and has undergone three comprehensive design review sessions with a state-appointed expert panel of architects.

Throughout the State design review process, the submission received recognition for design excellence for landscape quality, sustainability and aesthetics from the state design review panel. In line with the City of South Perth Activity Centre Plan (ACP), the project is within the height limit of 17 levels.

Managing Director and Founder of Blackburne Paul Blackburne said it is their most exciting development to date.



Blackburne files for "most exciting new apartment development yet" in South Perth

The next major milestone in the transformation of Melrose Park has arrived, with construction now officially underway at <a>Melrose Central</a>, the $700 million apartment and retail development from builder-developer <a href="/developers/deicorp">Deicorp</a>, in partnership with <a href="/developers/payce-consolidated-limited">PAYCE</a>.

Following a record-breaking sales launch earlier this year, activity has ramped up on site with work commencing on the first stage of the project, a key anchor in the broader <a href="/developments/melrose-park-nsw-2114">Melrose Park</a> North Urban Renewal Precinct.

<a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a> will ultimately deliver around 500 apartments across six architecturally distinctive towers designed by <a href="/architects/turner-studio">TURNER Studio</a>, set above a vibrant five-level podium.&nbsp;

[smartcode_project:default project_id=134220 project_image_fid=289879]

The project also marks the debut of Melrose Park’s first major retail offering, a 30,000 sqm precinct anchored by Coles, and supported by dining, wellness, entertainment, and convenience retail.

With early site works commencing in February, construction of the podium and the first three towers is now well underway, with full completion of the initial stage expected by mid-2027.&nbsp;

The final three buildings will follow, further contributing to the evolution of the 55-hectare precinct, which will eventually deliver 6,000 new homes to Sydney’s rapidly growing west.

[smartcode_project:default project_id=134220 project_image_fid=289877]

Deicorp’s Melrose Central has captured the market’s attention since its launch. During the opening weekend alone, 40 apartments were snapped up.

Buyers have included first home buyers, local owner-occupiers, and investors, drawn by the combination of design, amenities, and long-term growth potential in a connected, masterplanned community.

[smartcode_project:default project_id=134220 project_image_fid=289885]

Apartments at Melrose Central are available in a mix of one-, two- and three-bedroom layouts and have been crafted with modern lifestyles in mind.&nbsp;

Interiors are shaped by TURNER Studio’s refined design language, with open-plan layouts, SMEG-integrated kitchens, and generous balconies or courtyards that take in views of parklands and water.

The architecture also responds to the broader precinct’s master plan, with four distinct quadrants differentiated by colour palettes, materials and façade treatments to reinforce identity and enhance place-making.

The development will be serviced by the Parramatta Light Rail Stage 2, with a stop located directly outside the retail precinct.&nbsp;

The newly approved light rail extension—set to include a bridge over the Parramatta River—will link Melrose Park to Sydney Olympic Park, Wentworth Point, and Parramatta, with future integration to the Sydney Metro West.

[smartcode_project_cta:default project_id=134220]

With early site works commencing in February, construction of the podium and the first three towers is now well underway, with full completion of the initial stage expected by mid-2027. 

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