Apartment buyers in New South Wales are set to gain a decade of insurance-backed protection against major building defects, after the NSW Parliament passed the Fair Trading and Building Legislation Amendment Bill 2026.&nbsp;

The Bill establishes decennial defect insurance, known in the market as Latent Defects Insurance (LDI), as an alternative to the existing two-year strata building bond. It cleared the Legislative Council with amendments on Tuesday evening (August 4, 2026), with the Legislative Assembly agreeing to those amendments shortly after.

Under the reform, eligible developers can satisfy their statutory bond obligation by taking out an approved decennial-style policy that gives owners 10 years of cover for major structural defects from completion, claimable directly, without first having to pursue developers or builders through costly legal action.&nbsp;

The change forms the final tranche of amendments arising from the 2021 statutory review of the Strata Schemes Management Act 2015 and related legislation.

Resilience Insurance, which originated the cover in Australia and has delivered it in NSW since 2022, welcomed the passage and credited the NSW Government for delivering it.

“This is protection apartment buyers have needed for a long time, and the credit for delivering it belongs to the NSW Government,”&nbsp;said Corey Nugent, CEO of Resilience Insurance.

“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into. Reform like this is what good, evidence-based regulation looks like.”

Resilience has delivered LDI in NSW since 2022, protecting thousands of apartments, giving the State, and now the country, real-world evidence of how decade-long, no-fault protection works in practice.

The reform also places NSW within a wider national shift.

NSW is the third jurisdiction to put decennial cover into law. The ACT legislated for it in 2024, with the scheme taking effect in late 2025, and Victoria passed its own framework on 17 June. Between them, the three cover the majority of Australia's apartment market.

The reform commences once the legislation is proclaimed, which is expected in the coming weeks. From that point, developers of Class 2 residential apartment buildings can meet their statutory obligation with an approved decennial policy in place of the bond.

Buyers who purchased into projects that took out the cover early are among the first in the country to take keys to apartments carrying decade-long structural protection.

“With the legislation passed, the focus now turns to making it work for buyers,”&nbsp;Nugent said.

“There are already thousands of apartments in NSW covered by this insurance, bought by developers who moved early. The question every buyer should be asking in a display suite is a simple one: does this building come with 10-year defect cover, and who stands behind it?&nbsp;

“We look forward to working with the Government and the Building Commission in coming weeks as the framework moves to implementation, and to sharing what we have learned over the past four years so the protection reaches owners as smoothly and quickly as possible.”

Other states are working through their own reform programs. Western Australia has indicated that decennial cover is within consideration a later stage of its reform sequence, and Queensland has been examining the settings as it looks at the development pipeline ahead of the 2032 Olympics.

Resilience Insurance acknowledges the NSW Government’s continued focus on strengthening consumer protection while supporting housing delivery across the State.

Fast Facts: What the reform means

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Proven at scale:&nbsp;Decennial cover has operated in NSW since 2022, protecting thousand of apartments.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">10 years of cover:&nbsp;Protection for major structural defects runs for a decade from completion, claimable directly and with no legal action required.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">An alternative to the bond:&nbsp;Eligible developers can meet their statutory obligation with an approved decennial-style policy in place of the 2% strata building bond.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Part of a national shift:&nbsp;The ACT has had decennial provisions in force since 2025 and Victoria passed its framework in June. NSW now joins them.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">No-fault, first resort:&nbsp;Owners corporations claim directly from the insurer without first having to establish who is liable for the defect.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost-competitive:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the 2% bond while offering broader, longer protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market position:&nbsp;Resilience originated LDI in Australia and has delivered it in NSW since 2022.</li>
</ul>

Fast Facts: What is Resilience LDI?

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Resilience Latent Defects Insurance (LDI):&nbsp;Covers major structural defects for 10 years from completion.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Consumer-first:&nbsp;Direct claim access, no need for lengthy legal action.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost advantage:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market leader:&nbsp;&nbsp;Resilience Insurance originated LDI in Australia and is the national market leader.</li>
</ul>

Joel Robinson

NSW parliament passes 10-year defect insurance laws for new apartment buyers

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> has wasted little time reshaping one of South Brisbane's most significant undeveloped apartment sites after acquiring the property earlier this year.&nbsp;

McNab has lodged plans to scrap an existing approval for two 30-storey towers and instead deliver a single 28-storey residential building, preserving part of the site for a future development opportunity.

The proposal, lodged over <a href="https://www.apartments.com.au/new-apartments/64-peel-street-south-brisbane-qld-4101">64 Peel Street and 9 Cordelia Street</a>, is for a residential-led mixed-use development comprising 124 apartments above a landscaped podium, alongside a boundary realignment that preserves part of the land for a future residential project.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="743bf564-3f8f-45fc-b8d3-bbf18f5b628f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20Peel%20st%20podium.png?VersionId=EhCxGrVn_VFH3qTbKnI4WppGwaMnOn0t" />

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a>, the development will deliver 119 two-bedroom and five three-bedroom apartments across 23 residential levels. A five-level podium will accommodate 135 car spaces, while the ground floor will include a 66 sqm commercial tenancy, an activated residential lobby with work-from-home spaces, and a publicly accessible landscaped plaza linking Cordelia and Peel streets.&nbsp;

Communal amenities will span Level 6 and the rooftop, including indoor and outdoor recreation spaces, a swimming pool, barbecue facilities, kitchen and dining areas, lawn space, sauna, steam room and yoga facilities.

The application also proposes a boundary realignment to create a standalone 1,290 sqm development lot while retaining an adjacent parcel for future redevelopment, allowing the balance of the site to contribute additional housing over time.

Hayball said the architecture has been shaped by the site's elevated corner position at the intersection of Peel and Cordelia streets and Brisbane's subtropical climate.

The design incorporates generous landscaped setbacks, a masonry podium wrapped with planting, large north-facing balconies, and a slender tower profile intended to maximise natural light, cross ventilation and long-range views. The rooftop has been conceived as a wellness-focused retreat overlooking Brisbane, with amenities positioned to capture views towards Mount Coot-tha and the CBD.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="c5f99e84-6ad8-4a87-82d1-869685b754d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20tower%20perspective.png?VersionId=Gw0IuJaSAlk.tvGBxInhZOcQAdIB..2b" />

The planning submission positions the proposal as a response to both changing market conditions and Brisbane's Kurilpa Sustainable Growth Precinct planning reforms.

McNab acquired the site after the previous approval was granted, with the existing scheme no longer reflecting current residential market demands, economic conditions, construction challenges, construction efficiencies or the quality of development outcome now being pursued, the planning report noted.

McNab continues to expand its residential development pipeline across Brisbane and the Gold Coast. The developer recently launched The Tannery in West End, securing more than 60 per cent of apartments before the project's public release. It is also delivering Elements Budds Beach in Surfers Paradise and Lucia Highgate Hill, an eight-apartment boutique development overlooking the Brisbane River.

McNab resets decade-old South Brisbane approval with 124-apartment tower

A steeply sloping Bellevue Hill site is set to accommodate a new mid-rise apartment development, with plans lodged for 20 homes that respond to the site's dramatic topography.

The proposal for the consolidated land at <a href="https://www.apartments.com.au/new-apartments/138a-140-bellevue-road-bellevue-hill-nsw-2023">138A-140 Bellevue Road</a> has been designed by Sydney architecture practice Common Office, which has used the site’s substantial fall to distribute the building’s scale and unlock 20 apartments without presenting the full height to the street.&nbsp;

“The unique design strategy leverages the site’s substantial topographical fall to facilitate increased density, presenting a seven-storey profile to Bellevue Road while rising to 10 storeys at the rear,” Common Office said in its architectural design report.

The apartment mix spans one, two, three- and four-bedroom residences. Four two-bedroom apartments are designated as affordable housing, while the plans also include two adaptable dwellings. The mix is majority three-beds, with the typical three-bed apartment offering around 144 sqm internally, with balconies of around 15 sqm.

The affordable housing component represents 15 per cent of the residential floor area and allows the project to access additional height and floor space under the NSW Government’s in-fill affordable housing provisions. The site also falls within the inner area of the Low and Mid-Rise Housing Policy because it is within 400 metres walking distance of Double Bay Town Centre.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="b1230d0f-3bfa-4a11-abaf-0928c66ef345" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da.png?VersionId=dZeMK3P.OutGjN8ycjsxm8uNsj_QFWQv" />

Common Office has arranged the building around a masonry podium and a lighter upper volume, drawing on two recurring elements of Bellevue Hill’s established architecture: sandstone bases and the vertical proportions of local Inter-war Art Deco apartment buildings.

“The proposal is governed by a holistic design language that reconciles the solid horizontal masonry of the neighbourhood’s podiums with the elegant verticality of its Art Deco heritage,” the architect said.

“The building maintains a consistent rhythmic logic utilising deep recesses and a sophisticated material transition to break down the 10-storey scale into a series of articulated, human-scale volumes.”

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="0147f503-1af1-4d51-97fb-c2f1cba63a9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20bldg.png?VersionId=GoW7q3NlK67OpnePXhk7zvklrlKb72Qc" />

Large-format sandstone tiles will define the lower levels, establishing a robust base that negotiates the change in elevation from Bellevue Road. Above, red-tinted precast concrete frames, recessed balconies, anodised aluminium screens and expanded metal details will create a more vertically expressed façade. Integrated planter beds will introduce greenery across balcony edges and recessed sections of the building.

The elongated northern façade has been divided into three recessed vertical masses to reduce its perceived length. Triangular window elements and metal privacy screens reference the geometry of nearby Art Deco buildings while controlling overlooking toward surrounding homes. The southern elevation will incorporate further privacy screening, landscaped edges and deep balconies to maintain light and ventilation.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="e8679cf1-18bc-4447-8a0f-0052b94ab83c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da%20rooftop.png?VersionId=5SQqQqRFf76rvE2p1TbxJSweMN70AIbc" />

Private and communal landscaping is distributed throughout the development. A landscaped garden apartment is positioned within the lower portion of the site, while a communal terrace on Level 5 will include a central timber deck, barbecue facilities, resident planting plots and areas for outdoor dining and informal gatherings.

Common Office described the terrace as an elevated sanctuary designed to capture district views and sunlight. Its planting strategy incorporates endemic species associated with the Eastern Suburbs Banksia Scrub, extending the landscape vertically through the building and providing habitat for local flora and fauna.

A second communal outdoor area is proposed at roof level, with built-in seating, paved gathering areas and perimeter planting.

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction. Positive Investment Enterprise is delivering the 16-apartment Kew Palm House on Birriga Road, while Chanine Developments is also under construction at Florian, a 36-apartment project on Banksia Road.

&nbsp;

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction.

First Look: Apartment development pitched for Bellevue Hill, Double Bay fringe

South Brisbane's apartment pipeline continues to build momentum, with <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a> lodging plans for a 161-apartment tower on Montague Road as developers accelerate investment across the Kurilpa Sustainable Growth Precinct.

The proposal for 176–186 Montague Road would replace an existing office building with a 20-storey residential tower designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, adding to a growing pipeline of high-density projects reshaping one of Brisbane's fastest-evolving inner-city precincts.

The project has been conceived as a "living building", featuring a flowing tower form, extensive vertical landscaping, and generous communal spaces that respond to the evolving Kurilpa Sustainable Growth Precinct.

TRK Property Group Development Director Matt Kan said the project reflected the confidence developers have in South Brisbane's long-term future.

"South Brisbane is entering an incredibly exciting period, and we see Montague Road sitting right at the heart of that evolution," Kan said.

"With the former Visy site directly opposite us and significant investment planned throughout the broader Kurilpa precinct, there is a real sense of momentum around this part of the city and what it will become over the coming years.

"For TRK, this is an opportunity to be part of that next chapter and deliver a project that responds to where the precinct is heading, while contributing to the continued evolution of Brisbane's river edge."

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="590fe1ad-f892-4446-a679-80e33a16d029" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20tower%20facade.png?VersionId=uOJStrcKpyHFcPE1w6_9SMAFzVMCcZll" />

The scheme includes a mix of one, two, three and four-bedroom apartments, incorporating multi-purpose rooms in selected residences to provide additional flexibility for home offices or expanded living areas. The proposed mix comprises 15 one-bedroom, 13 one-bedroom plus MPR, 73 two-bedroom, 26 two-bedroom plus MPR, 30 three-bedroom, and four four-bedroom apartments.

Rather than adopting a conventional rectilinear tower, COX Architecture has developed a sculpted form inspired by the movement of the Brisbane River.

"The proposal has been designed by COX Architecture as a 'living building' that responds to the site's riverine setting, floodplain history and evolving urban context within the Kurilpa Sustainable Growth Precinct," the planning report states.

"The architectural form draws from the fluid nature of the Brisbane River, with a curved and undulating tower form that creates a varied architectural edge and avoids a conventional rectilinear tower expression."

The podium has also been designed as an architectural feature rather than a conventional parking structure, with cascading planting, screening and natural-toned materials softening its appearance. Resident parking is elevated above ground level to address the site's flood constraints, while habitable apartments sit above flood planning levels. Upper-level communal facilities are designed to accommodate shelter-in-place arrangements during major flood events.

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="01fa15d0-90df-46c7-9555-7941fc45373c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20podium.png?VersionId=mHyua.w1pHGBt9qEdWzrlsv.leztUCwO" />

Communal amenity is a major focus of the proposal. Around 1,815 sqm of shared resident space is proposed across the ground floor, level 19 and the rooftop, including co-working areas, indoor and outdoor recreation spaces, wellness facilities, dining and gathering areas, lawn spaces, a rooftop pool and spa, and extensive landscaping. At street level, a landscaped forecourt and approximately 345 sqm of publicly accessible open space along Montague Road are intended to improve the pedestrian experience while activating the building's frontage.

The development will provide 163 car spaces, including 152 resident bays and 11 visitor spaces, together with 144 bicycle spaces incorporating resident storage, visitor parking, bicycle maintenance facilities and e-mobility charging infrastructure.

The site sits within one of Brisbane's fastest-changing inner-city precincts, less than two kilometres from the CBD and within easy reach of South Bank, West End, the Queensland Cultural Centre and extensive public transport connections. The Kurilpa Sustainable Growth Precinct planning framework is encouraging higher-density residential development to help meet Brisbane's housing supply targets while supporting walkable, transit-oriented neighbourhoods.

TRK Property joins South Brisbane apartment surge with Montague Road tower plans

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Developer <a href="/developers/thirdi-group">Third.i</a> has revealed plans for a major mixed-use transformation in Gladesville, with a proposal that could reshape the suburb’s town centre into a new civic, retail and residential destination.

Lodged across a trio of neighbouring parcels at 1–3 Flagstaff Street, 2–10 Cowell Street and 1 Massey Street, the project would see the Gladesville Village Shopping Centre redeveloped into an integrated precinct of more than 500 apartments, a new supermarket, and significant public domain upgrades.

Designed by i2C with landscape architecture by Arcadia — the team behind Lane Cove’s Canopy — the proposal represents the first of its scale in Gladesville and is being framed by Third.i as a once-in-a-generation opportunity to reimagine the area.

A key feature of the masterplan is a continuous green spine connecting Massey and Cowell Streets, threading new pedestrian links through the site and anchoring the development around over 4,500 sqm of publicly accessible open space. The proposal also includes a 4,000 sqm supermarket, a dedicated health and wellness centre, and a food and beverage precinct positioned as a future hospitality destination for the lower North Shore.

<img alt="Third.i" data-entity-type="file" data-entity-uuid="99934651-409b-49a5-820b-db51f650d04b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-07%20at%2012.56.54%E2%80%AFPM.png?VersionId=dHRvuvVmy7Oi41dVI1mePQPCHKhvGTbh" />The proposed view from the 15th level of one of the apartment buildings. Image supplied

In line with Third.i’s broader strategy of blending housing typologies, the 500-plus apartments will be delivered across a mix of build-to-sell and build-to-rent formats. The scale and ambition of the project go beyond what’s currently permitted under the existing Local Planning Panel controls, but directly respond to Council’s Local Strategic Planning Statement (2020), which identifies the Gladesville Village precinct as “primed for place-based redevelopment.”

Florian Callion, Head of Acquisitions at Third.i, says the proposal has been shaped in close consultation with Hunters Hill Council.

“This is a rare opportunity to create something with long-term benefit — a social and civic heart for Gladesville that reflects the area’s growth and character,” Callion said.

“We’re proud of the level of collaboration we’ve had with Council throughout this process, ensuring that what’s proposed isn’t just deliverable, but meaningful.”

The masterplan aims to support housing targets outlined in the National Housing Accord and, if approved, would directly contribute to addressing supply shortages across Sydney’s established suburbs. It also sets out a model of infrastructure-led development, with all upgrades — including new pedestrian paths, public landscaping, and civic amenity — to be fully funded by the developer, placing no financial burden on Council.

Pending approval, construction is expected to begin in late 2026.

Florian Callion, Head of Acquisitions at Third.i, says the proposal has been shaped in close consultation with Hunters Hill Council

First look: Third.i plots 500-unit redevelopment of Gladesville Village Shopping Centre

National developer&nbsp;<a href="/developers/cedar-woods">Cedar Woods</a>&nbsp;is commencing construction this month on <a href="/new-apartments/incontro-subiaco-133-salvado-road-subiaco-wa-6008">Incontro</a> Apartments in Subiaco, following strong sales performance, with almost 50 per cent of the new apartments sold prior to breaking ground.

Multi-award winning EMCO Building has been appointed to deliver the 110-apartment development. The leading WA builder, which has delivered numerous high-quality residential projects across Western Australia over the past four decades, will commence construction this month, with completion expected in mid-2027.

[smartcode_project:default project_id=108869 project_image_fid=317905]

Cedar Woods&nbsp;Managing Director&nbsp;Nathan&nbsp;Blackburne said the company was pleased to partner with EMCO to bring Incontro Apartments to life.

“EMCO Building has a proven track record of delivering high-quality residential projects, and the calibre of their work combined with the project’s architectural merit presents a strong proposition for purchasers.”

Commenting on the early sales success, Blackburne said&nbsp;the strong early sales indicate that Incontro Apartments’ attractive price point and well-connected&nbsp;Subiaco&nbsp;location are clearly resonating with buyers.

[smartcode_project:default project_id=108869 project_image_fid=325605]

EMCO Building General Manager New Business, Ronan Cosgrove, said the company was excited to be officially working with&nbsp;Cedar Woods&nbsp;on Incontro Apartments.

“We’re pleased to be appointed to deliver Incontro Apartments following a strong period of collaboration with&nbsp;Cedar Woods&nbsp;during the early design and planning phase”, Cosgrove said.

“There’s been clear alignment between our teams from the outset, underpinned by a shared commitment to excellence and strong reputations for delivering high-quality developments.”

[smartcode_project:default project_id=108869 project_image_fid=317904]

The apartments represent the newest release within Cedar Woods' Incontro community, offering a range of stylish one, two, and three-bedroom residences. The development is designed to support a connected and convenient lifestyle, with shared amenities including a landscaped garden terrace that encourages social interaction and relaxation.

The apartments feature a choice of two interior colour schemes inspired by native flora, premium Smeg kitchen appliances, and a variety of floorplans designed to maximise space and functionality. Prices start from $624,000.

[smartcode_project_cta:default project_id=108869]

With almost 50 per cent of the project already sold, Cedar Woods has announced the next major milestone at Incontro Apartments

Incontro Apartments snapped up as Cedar Woods announces builder

When Sarah and her family decided to invest in Melbou​rne property, OSK Pr​operty’s <a>Melb​ourne Square</a> stood out almost immediately.

Based overseas, Sarah was looking for a long-term foothold in the city while also supporting her child studying in Melbourne.

“After looking at rental costs versus buying, it became clear that purchasing was a smarter financial decision,” Sarah says. “We also saw strong investment potential in the <a href="/developments/southbank-vic-3006">Southbank</a> area.”

Sarah explored a number of new projects before ultimately choosing <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank-vic-3006">Melbourne Square</a>. From the first viewing to making the decision, the process took just three days.

[smartcode_project:default project_id=2929 project_image_fid=201008]

“The location, the wide views, and the resident facilities really set it apart,” she says.

“The outdoor pools on Level 8 are a highlight, and the sky pool and spa on Level 54 are incredible,” Sarah notes. “As a pianist, I also really appreciate the grand piano in the music room - it’s quite unique.”

[smartcode_project:default project_id=2929 project_image_fid=201020]

“There’s a lot of variety [in the amenity], and everything feels thoughtfully designed. We’ve been able to host friends in the private dining rooms and enjoy movie nights - it really feels like an extension of our home.”

Residents have access to private dining rooms, a lounge, a cinema, a sun terrace, a music room, ga ym and yoga studio, gardens, a golf simulator, and more.&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=201015]

Day-to-day convenience was also important.

“Having a full-line Woolworths right downstairs is a huge benefit, and the Pacific Asian grocery store makes picking up snacks and ingredients easy,” Sarah says.

A double-storey Woolworths, a Pacific Asian grocery, and an on-site childcare centre further enhance daily convenience, supporting Melbourne Square’s position as a self-contained vertical community.

[smartcode_project:default project_id=2929 project_image_fid=201006]

While the amenity and doorstep were the key drivers in the purchase, the Southbank location sealed the deal.

“We liked that it feels more spacious and quiet compared to the city centre, yet still offers great public transport links,” she says.

Located at 93–119 Kavanagh Street, Melbourne Square has reshaped Southbank with one of its largest mixed-use precincts. Designed by <a href="/architects/cox-architecture">Cox Architecture</a> and developed by <a href="/developers/osk-property">OSK Property</a>, the project delivers extensive resident amenities across 14,000 sqm of landscaped public park and green spaces.

A limited collection of completed apartments remains, ready for immediate move-in.

[smartcode_project_cta:default project_id=2929]

While the amenity and doorstep were the key drivers in the purchase, the Southbank location sealed the deal

Overseas buyer shares why she chose Melbourne Square in Southbank: Urban Buyer Q&A

<a href="/buildings/the-collection-alphington-626-heidelberg-road-alphington-vic-3078">The Collection</a>&nbsp;in Alphington&nbsp;is now offering a Zero Stamp Duty incentive across all two and three-bedroom apartments until the end of July.

Developed by <a href="/developers/caydon-property">Caydon</a> and located 6.5 kilometres northeast of Melbourne’s CBD, the completed project - formerly known as Alphington Portfolio - comprises a mix of apartments, terrace homes, and dual-level skyhomes on Heidelberg Road.

Buyers can save up to $65,000 on two-bedroom apartments and up to $110,000 on three-bedders as part of the limited-time offer

[smartcode_project:default project_id=24441 project_image_fid=255884]

All apartments at The Collection are designed with open-plan living spaces that connect to private balconies or winter gardens, maximising indoor-outdoor flow. Interiors feature timber flooring, generous built-in storage, and floor-to-ceiling windows that draw in natural light.&nbsp;

Kitchens are full-sized, featuring stone benchtops, timber accents, European appliances, and a walk-in pantry, while bathrooms are appointed with stone surfaces, premium tapware, and full-height tiling. Bedrooms are fitted with plush carpet, built-in wardrobes, and blockout blinds for comfort and privacy.

Skyhomes offer upgraded kitchens that feature a large breakfast island, walk-in pantries, dry bars with integrated tech drawers, wine fridges, and Smeg appliances. The main bedroom suite includes a generous walk-in wardrobe and a private ensuite with a freestanding bath, double vanity, and oversized shower. Secondary bedrooms are serviced by a central bathroom that continues the same premium material palette and fixtures.

[smartcode_project:default project_id=24441 project_image_fid=255892]

Residents have access to more than three-quarters of an acre of landscaped communal space, with amenities spanning both rooftop and podium levels. The rooftop features an infinity-edge pool with a glass wall framing full city views, alongside private bathing boxes, a sunset lounge, and a moonlight cinema for evening relaxation.&nbsp;

The Level 4 podium includes a fully equipped gym and yoga lawn, a kitchen garden, six BBQ stations, and a private park with a dog run. Residents also have access to a shared kitchen and dining room, a sky lounge with a pool table, table tennis and a large-screen TV, and two hotel-style guest suites for visiting friends or family.&nbsp;

Additional features include secure undercover parking and storage, a bike repair and storage room, and concierge service.

[smartcode_project:default project_id=24441 project_image_fid=255914]

The Collection is 600 metres from <a href="/developments/alphington-vic-3078">Alphington</a>’s retail precinct and positioned between Alphington Station and Darebin Parklands. Alphington Primary and Alphington Grammar are both nearby, ideal for families looking for a foothold in the suburb.

Alphington has seen a shift in apartment supply, with more than 75 per cent of the suburb’s existing housing stock made up of detached homes or townhouses. The Collection is one of the few higher-density developments completed in the last few years.

Prices start from just over $800,000, with all two and three-bedroom apartments eligible for the Zero Stamp Duty offer until July 31.

[smartcode_project_cta:default project_id=24441]

Zero stamp duty available at The Collection in Alphington

Consolidated Properties Group (CPG) has agreed to acquire the last remaining absolute riverfront development site in Brisbane’s blue-chip Newstead, unveiling plans to develop a landmark inner northern residential project that CPG says will be a signature building for the river city.

CPG has paid $64.5 million for the 9,368 sqm site at 47 Skyring Terrace in an off-market deal from&nbsp;Mirvac. The site is situated just 1.5 kilometres from the CBD and within walking distance to some of Brisbane’s best-known dining and retail destinations, including Gasworks and James Street.

The site features 47 metres of direct river frontage within one of the city’s most tightly held precincts. Zoned for Mixed Use, it has potential for up to 42,000sqm total floor space and a maximum building height of 25 storeys under the Brisbane City Plan.

The acquisition follows the success of CPG’s $450 million absolute riverfront Monarch Residences apartment project currently nearing completion and sellout at Toowong in Brisbane’s inner west.

CPG CEO and Chairman Don O’Rorke says the Newstead site offers an equally rare opportunity to deliver a super-premium luxury residential apartment building in a prime inner-city location.

“Sites like this are as rare as it gets,” O’Rorke said.

“We thought Monarch might be a one-off, but at Newstead we’ve been fortunate to have the opportunity to create another iconic residential address right in the heart of the city on the Brisbane River – this will be something elevated in every sense, something truly special.”

CPG plans to lodge a development application (DA) later this year with multi-award-winning architects, Woods Bagot, who are already working on concept plans.

<img alt="CPG" data-entity-type="file" data-entity-uuid="adcd3c91-a0bb-46f8-b08e-623357e3f75c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-03%20at%208.55.14%E2%80%AFAM.png?VersionId=FzhQQPi_onxhjFCo7u5kdX6O7KIDABTj" />

CPG Head of Residential, James MacGinley, says the development will include a mix of boutique riverfront villas and 2- and 3-bedroom apartments with spectacular north-east views up the river towards Hamilton Hill.

“This large riverfront site with a perfect north-east aspect is an architect’s dream. It is peerless and there is no better development site in Brisbane. We plan to do it justice and deliver a signature building for the city," MacGinley said.

Transacted off-market by Colliers Queensland Residential Directors Brendan Hogan and Troy Linnane, the purchase sees CPG again teaming up with its construction partner on Monarch Residences, Hutchinson Builders, to deliver the apartments. Colliers Queensland Residential Director Brendan Hogan said demand for prestige development opportunities in Brisbane was outpacing supply.

“Opportunities like this simply don’t come up anymore. This is the last of its kind on the Newstead waterfront and arguably the best-located residential site in the city,” Brendan Hogan said.

“We’re seeing exceptional demand in the premium apartment market, with ‘off-the-plan’ riverfront apartments achieving prices over $35,000/m2 of net (internal) saleable area.

“The surge in apartment prices is largely driven by the demand from owner-occupiers who are seeking premium and larger apartment stock, which has accounted for the majority of sales in the market over the past two years,” Brendan Hogan added.

The site acquisition reflects broader supply-side pressure in Brisbane’s residential pipeline.

Population forecasts show Brisbane will grow by more than 500,000 people during the next decade - faster than both Sydney and Melbourne - and inner-Brisbane is expected to face a shortfall of over 14,000 new apartments in the next four years alone, according to SQM Research.

“We know Brisbane is the nation’s fastest-growing city with unlimited potential and we’re building for that future,” O’Rorke added.

CPG CEO and Chairman Don O’Rorke says the Newstead site offers an equally rare opportunity to deliver a super-premium luxury residential apartment building in a prime inner-city location

Consolidated Properties buys riverfront Newstead site from Mirvac

ASX-listed developer Lendlease has secured approval for their new Sydney apartment project, <a href="/new-apartments/one-darling-point-darling-point-road-edgecliff-nsw-2027">One Darling Point</a>.

The circa $500 million project, which will sit on the border of Darling Point and Edgecliff, will comprise 41 two-, three-, and four-bedroom apartments, each with views of the&nbsp;Sydney Harbour or eastern views stretching from Double Bay to Vaucluse.

The design, by Australian architecture studio Tzannes,&nbsp;is distinguished by a publicly accessible through-site link, which thoughtfully integrates and celebrates the existing heritage-listed Commonwealth Bank building from 1941. The ground floor will feature a curated selection of retail, commercial, and hospitality spaces, seamlessly activating the streetscape.

A four-bedroom penthouse will crown the 17-level building, complete&nbsp;with a rooftop pool and a private terrace.

The project has been assessed under the NSW Government’s recently established in-fill affordable housing scheme and incorporates 15 per cent floor space dedicated to affordable housing for key workers. As a result, the development will include 18 one-, two-, and three-bedroom apartments for essential services workers in the education, healthcare, childcare, social and emergency sectors.

One Darling Point is being delivered in partnership with Mitsubishi Estate Asia (MEA), the sixth time the duo have worked together following projects One Sydney Harbour, Sydney Place, Melbourne Quarter’s East Tower, and One Circular Quay currently under construction.

Tom Mackellar, CEO Development Lendlease, said the NSW Government's new streamlined planning pathway has accelerated the approval process for One Darling Point.

"Development approval has been secured just five months after public exhibition enabling us to quickly move forward with the project, bringing new homes and jobs to Sydney.

“One Darling Point brings our renowned luxury residential experience to a prime location in Sydney’s East, and will deliver the highest standards of quality and design, alongside the expertise of Tzannes and Alexander &amp;CO.”

The joint venture partners bought the 1,748 sqm, 1 Darling Point Road site, last year from Anka Property Group, who after years of back and forth with the Woollahra Council, had secured an unprecedented uplift in height.

Tom Mackellar, CEO Development Lendlease, said the NSW Government's new streamlined planning pathway has accelerated the approval process for One Darling Point

First look: Lendlease secures approval for One Darling Point

<a href="/developers/charter-hall">Charter Hall</a>’s near-$1 billion Hyde Park tower proposal has secured crucial support from the City of Sydney’s planning committee, marking another step forward in reshaping Elizabeth Street.

The mixed-use project at <a href="/new-apartments/201-elizabeth-street-sydney-nsw-2000">201 Elizabeth Street</a>, on the corner of Park Street and opposite Hyde Park, has been under the spotlight since plans were lodged in late 2024. Now under assessment by the NSW Department of Planning for final determination, the 55-storey scheme combines hotel and residential components in one of the CBD’s most high-profile corners.

Pending final approval, demolition can commence on the existing Pacific Power Building, a 38-level office block originally completed in 1978. The 3,900 sqm site connects directly to Museum Station via underground pedestrian links - a strong locational advantage for future residents and hotel guests alike.

<img alt="Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/201%20-%20217%20Elizabeth%20Street%2C%20Sydney.png?VersionId=wxmccer91Ts7gSOKSUID_tbf1mCPjyrJ" />

The $925 million development will deliver 441 hotel rooms across levels 1 to 11, with apartments starting from level 12 upwards. Buyers will have access to a genuine mix of apartment configurations: 67 one-bedders - a relative rarity in new Sydney CBD stock - along with 123 two-bedroom, 58 three-bedroom, and 16 four-bedroom apartments, a total of&nbsp;264 units.

The design by FJC Studio, selected through a competitive design process, breaks up the tower into three visually distinct sections to create what the architect describes as an "urban repair" along Elizabeth Street. The staggered forms aim to maximise views east over Hyde Park and north towards Sydney Harbour, while also reducing overshadowing across the parklands.

<img alt="Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-04%20at%2010.15.05%E2%80%AFAM.png?VersionId=ADJyPnxYIZJ_vmEkQAw.zX3AS1jyaFAu" />

Sustainability is a focus, with plans targeting a 5-Star Green Star Buildings v1 rating, a 4-Star NABERS Hotel Energy rating, and a 3-Star NABERS Hotel Water rating. The building is also designed to exceed baseline BASIX standards.

Charter Hall’s proposal joins a cluster of major projects set to reshape this prime Hyde Park corridor. Just up the road, Central Element’s $100 million project at 271 Elizabeth Street will bring 53 apartments above new retail spaces, replacing the Hyde Park Inn hotel. Fife Capital has plans for a 17-level office and apartment redevelopment at 139 Elizabeth Street, further cementing the area’s shift towards a new mixed-use identity.

With its strategic location, diverse apartment mix, and integration of hotel amenities, Charter Hall’s project is expected to draw strong buyer and investor interest once it hits the market.

The $925 million development will deliver 441 hotel rooms and 264 apartments

City of Sydney backs Charter Hall’s $925m Hyde Park tower

South Mel​bourne’s Domain precinct is no stranger to transformation, but <a href="/buildings/the-eighth-south-melbourne-22-kings-place-south-melbourne-vic-3205">The Eighth</a> signals a new kind of shift - one that places lifestyle, wellness, and design on equal footing.

“When <a href="/developers/crema-group">Projects by Crema</a> set out to develop in <a href="/developments/south-melbourne-vic-3205">South Melbourne</a>, they wanted to create more than just an apartment project - they wanted to create a lifestyle hub,” says Taylor Dow, Managing Director at <a href="/project-marketer/dow-real-estate">DOW Real Estate</a>.

That vision has taken shape in an 18-level building that does more than simply house residents. The Eighth combines large-scale apartments, ground-floor hospitality spaces, and a rooftop wellness retreat, creating a true vertical community.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/ytJMAKdAFZM?si=njwYEjHCVuLcOolU" title="YouTube video player" width="560"></iframe>

On the residential levels, privacy is a defining feature. There are only 36 apartments in total, with layouts ranging from one to four residences per floor.&nbsp;

“Floor plans start from a generous 128 sqm up to our half-floor option, which is 256 sqm, and a penthouse soaring to 530 sqm of internal living space,” Dow explains.

[smartcode_project:default project_id=5345 project_image_fid=227030]

Inside, <a href="/interior-designers/mim-design">Mim Design</a> has approached each apartment as a carefully crafted sanctuary. Natural stone and marble floors, Gaggenau and Liebherr kitchen appliances, and expansive windows connect each space to the sweeping city and bay views beyond.&nbsp;

“Interiors feature natural stone, marble flooring, kitchens with Gaggenau and Liebherr appliances, and full-height windows and doors to take advantage of the elevated views,” Dow says.

[smartcode_project:default project_id=5345 project_image_fid=269726]

Above it all, the rooftop is a standout. More than a shared amenity, it’s designed as a dedicated wellness escape.&nbsp;

“One of the defining features of The Eighth is its private rooftop created as a wellness haven,” says Dow. The space includes a swimming pool, integrated daybeds, and an outdoor bar, offering residents panoramic 360-degree views across Melbourne.

[smartcode_project:default project_id=5345 project_image_fid=269728]

Location, too, plays a central role. Sitting just steps from the new Anzac Station, the Botanic Gardens, and Albert Park, The Eighth connects easily to both the city’s cultural heart and its green spaces.

Only a small number of residences remain available, positioning The Eighth as an option for those who value space, privacy, and an integrated lifestyle experience - all in one of Melbourne’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=5345]

The Eighth: A vertical community reshaping South Melbourne living

Infrastructure developments, both public or private, always drive demand to the suburb in questions. And with increased demand comes price growth.

Auburn, a small multicultural suburb on the fringe of the Parramatta CBD, looks set to become the next Western Sydney hotspot for significant uplift. This momentum follows the NSW Government’s approval to redevelop Auburn Village—the central shopping precinct adjacent to the train station.

The proposed mixed-use development will feature three new residential towers comprising 359 apartments, above a fully redeveloped commercial and retail precinct that includes hospitality venues and a new public plaza.

The project is being hailed as a cornerstone in Auburn’s transformation into a connected, amenity-rich urban centre.

Cumberland Council’s planning framework has been pivotal in shaping the redevelopment. By promoting affordable housing and integrated mixed-use precincts, the council is actively fostering diversity, sustainability, and accessibility—all key drivers of growing interest in the surrounding residential areas.

Set to benefit from the lifestyle uplift brought by the upgraded transport hub and retail offering—as well as the expected appreciation in property values—are purchasers in <a href="/new-apartments/north-village-auburn-square-35-northumberland-road-auburn-nsw-2144">North Village</a>, the newly launched stage of Auburn Square by developer Tian An LFD.

[smartcode_project:default project_id=149184 project_image_fid=324855]

Following the successful sell-out of stage one across the road, Tian An recently launched North Village to strong demand, with 25 per cent of apartments sold at the public launch.

Ray White WS Projects Managing Director Mark Bernberg said interest in North Village is being fuelled by its central location, trusted delivery partners, and standout buyer protections.

[smartcode_project:default project_id=149184 project_image_fid=324853]

Designed by acclaimed architecture firm Rothelowman, the development will deliver 264 smart-tech enabled one-, two-, and three-bedroom apartments, along with a suite of resident amenities including a gym, cinema, and rooftop garden. A Coles supermarket will anchor the ground-floor retail space.

North Village, currently under construction by iCIRT-rated builder Binah, is expected to be completed by late 2027. It is also the only new development in Auburn to offer the highly sought-after 10-year Latent Defects Insurance, protecting purchasers against structural and waterproofing defects for a full decade after completion.

[smartcode_project_cta:default project_id=149184]

Set to benefit are purchasers in North Village, the newly launched stage of Auburn Square by developer Tian An LFD.

Growth slated for Auburn with shopping centre redevelopment greenlit

Sydney’s unit market continued its steady momentum in June, recording a 0.5 per cent rise in values, according to Cotality’s latest Home Value Index.

The strong performance outpaced the city’s housing market, which grew by 0.4 per cent over the same period.

This marks the third consecutive month of gains for Sydney units, bringing them back to a neutral position for 2025 after earlier declines earlier in the year. The median unit value now sits at $856,000.

While still below the 2021 peak, the consistent monthly growth suggests buyer confidence is returning—particularly in well-located, high-amenity areas. Buyers appear to be entering a rising market, even as interest rates trend downward.

On the rental front, unit rents in Sydney have risen 2.6 per cent over the past year, with gross yields sitting at 3.7 per cent—among the lowest of any capital city. However, historically low vacancy rates continue to support tight rental conditions, which may tighten further if migration increases in the second half of the year.

Developers will be monitoring this shift closely, as rising clearance rates and renewed interest at the upper end of the apartment market indicate a resurgence in both owner-occupier and investor demand for premium Sydney stock.

<hr data-end="1410" data-start="1407" />
<h3 data-end="1480" data-start="1412">What happened in Sydney’s off the plan apartment market in June?</h3>

Some of Sydney’s largest developers were active in June, and those bringing new projects to market are benefitting from limited competition.

Sekisui House Australia launched sales at Waterstone, its new St Leonards development adjacent to Newlands Park, to strong market interest.

[smartcode_project:default project_id=134191 project_image_fid=230]

One of the most enquired-about projects on Apartments.com.au in June, Waterstone will comprise 207 apartments oriented south towards the Sydney CBD.

The striking, landscape-integrated design was originally conceived by world-renowned Koichi Takada Architects, with TURNER appointed to complete the interiors following Sekisui’s acquisition of the prime Berry Road site.

[smartcode_project:default project_id=134191 project_image_fid=231]

A major focus of the design is its integration with the surrounding environment, with nearly 30 per cent of the site dedicated to communal open space.

The project will feature a north–south green spine and a landscape scheme by ASPECT Studios, providing strong links to Lane Cove Council’s St Leonards South masterplan, as well as nearby pocket parks, walking trails, and bushland reserves.

Read more: <a href="/news/nsw/sekisui-house-australia-launches-waterstone-in-emerging-st-leonards-south-precinct">Sekisui House Australia launches Waterstone in emerging St Leonards South precinct</a>

<hr data-end="2700" data-start="2697" />
Another successful sales launch came from PERIFA and joint venture partner Mitsubishi Estate Asia, who sold over 40 apartments at their Rozelle Village development.

Approximately $140 million in sales were achieved, largely to local owner-occupiers. Several premium three-bedroom residences sold for as much as $6.9 million.

[smartcode_project:default project_id=8142 project_image_fid=347021]

PERIFA Co-founder and Managing Director Fabrizio Perilli said the team was “thrilled with the level of interest in Rozelle Village."

"It demonstrates the strong demand for well-designed, high-quality homes in the Inner West, and the ongoing appetite we’re seeing for new housing across Sydney.”

Read more: <a href="/news/nsw/rozelle-village-achieves-strong-results-as-sales-officially-launch">Rozelle Village achieves strong results as sales officially launch</a>

<hr data-end="3483" data-start="3480" />
Developer The One Collection, in collaboration with leading builder Masscon, launched sales at Horizon in Hurstville—its latest acquisition and the final building in a four-stage precinct already home to a Woolworths supermarket and direct access to Kempt Field.

[smartcode_project:default project_id=149850 project_image_fid=278]

The precinct benefits from strong walkability, with a current Walk Score of 81—set to improve with the arrival of St Clair Lane, a new laneway precinct soon to be activated by hospitality, health, and lifestyle retailers.

Above the laneway, 179 one-, two-, and three-bedroom apartments are now available.

Read more:&nbsp;<a href="/news/nsw/horizon-brings-connected-parkside-living-to-hurstville-s-growing-centre">Horizon brings connected parkside living to Hurstville’s growing centre</a>

<hr data-end="4134" data-start="4131" />
<h2 data-end="4165" data-start="4136">On the planning front</h2>

Hyecorp was active once again in June. After submitting a State Significant Development Application for a 259-apartment project in Roseville in May, the developer has lodged plans for a 28-level tower at 37 Archer Street, Chatswood.

The tower, named Celine, will add 125 apartments to Hyecorp’s growing portfolio, which also includes Audrey in St Leonards—now nearing completion with only a few three-bedroom apartments remaining—and Juliet, a boutique 37-apartment project in Roseville.

Fuse Architects won the design competition for Celine, with the jury praising the proposal for its “strong response to the site context, the originality and thoughtfulness of the architectural approach, and the consideration of the broader Chatswood environment.”

Read more: <a href="/news/nsw/hyecorp-doubles-down-on-lower-north-shore-with-celine-chatswood-tower">Hyecorp doubles down on Lower North Shore with Celine, Chatswood tower</a>

In the same suburb, Loftex has sought to go higher with their tower on Help Street, triggering the additional height affording to developers who incorporate affordable housing into the apartment mix.

They've filed for a State Significant Development Application for a 35-level tower designed by EM BE CE on a central 2,290 sqm site near the&nbsp;<a href="/developments/chatswood-nsw-2067" target="">Chatswood</a>&nbsp;Interchange.

EM BE CE won the design competition for what was in 2022 a 127-unit, 27-level tower at 3-5 Help Street, besting&nbsp;schemes from&nbsp;<a href="/architects/kannfinch" target="">Kann Finch</a>&nbsp;and Nettleton Tribe.

The upscale plans will now see 160 apartments delivered, 32 of those being affordable housing.

Read more:&nbsp;<a href="/news/nsw/first-look-loftexs-chatswood-tower-goes-public-with-affordable-uplift">First look: Loftex's Chatswood tower goes public with affordable uplift</a>

<hr />
<h2>On the building front</h2>

Deicorp officially broke grounds on their upcoming East Zetland project, The Avenues, in June.

The 2.87-hectare site on Joynton Avenue, previously home to an Ausgrid depot, sits just four kilometres from the&nbsp;<a href="/developments/sydney-nsw" target="">Sydney</a>&nbsp;CBD and forms part of the broader Green Square renewal zone.&nbsp;

Once complete,&nbsp;<a href="/new-apartments/the-avenues-zetland-130-joynton-avenue-nsw-2017">The Avenues</a>&nbsp;will deliver 624 apartments across nine buildings, along with curated ground-floor retail, purpose-built student housing and build-to-rent dwellings delivered in partnership with Scape. It's one of the largest developments to be launched in&nbsp;<a href="/developments/sydney-nsw" target="">Sydney</a>’s inner south in recent years, and one that takes a layered approach to scale, tenure and architecture.

Read more:&nbsp;<a href="/news/nsw/deicorp-to-break-ground-on-the-avenues-zetland-masterplan">Deicorp to break ground on The Avenues, Zetland masterplan</a>

Time &amp; Place, and joint venture partner NPACT, also kicked off construction in June, at their new Manly project, Two Tides.

<a href="/builders/ultra-building-co">ULTRA Building Co.</a>&nbsp;will deliver the&nbsp;five-level, $100 million coastal development that will complete in Q2 2027.

[smartcode_project:default project_id=141371 project_image_fid=833]

<a href="/new-apartments/two-tides-manly-9-raglan-street-manly-nsw-2095">Two Tides</a>, on a gateway site at 9 Raglan Street, will comprise 24 luxury apartments above&nbsp;an activated ground-floor retail space, intentionally designed to enhance the local Manly streetscape and seamlessly integrate with the strong existing retail offering that services the area’s daily foot traffic, surrounding businesses, and residents.&nbsp;

Read more:&nbsp;<a href="/news/nsw/time-place-kicks-of-construction-at-two-tides-manly-with-half-of-the-apartments-sold">Time &amp; Place kicks of construction at Two Tides Manly with half of the apartments sold</a>

What happened in Sydney’s off the plan apartment market in June?

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