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?

While Melbourne’s northern suburbs have seen measured, sustained growth in recent years, few pockets combine transport connectivity, green space, and everyday amenity quite as well as <a href="/developments/greensborough-vic-3088">Greensborough</a>.&nbsp;

Around 17 kilometres from the CBD, the suburb has long-held appeal for families and long-term residents drawn to its strong community infrastructure and established landscape.&nbsp;

Developer <a href="/developers/citinova">Citinova</a> recently delivered Albero apartments, aiming to combine three key lifestyle elements: modern apartment living, proximity to transport, and access to green open spaces.

[smartcode_project:default project_id=4722 project_image_fid=240437]

<a href="/buildings/albero-greensborough-4-poulter-avenue-greensborough">Albero</a> is positioned within walking distance of the Plenty River Trail and Poulter Reserve, placing natural amenity at the edge of daily life.&nbsp;

Kalparrin Gardens and Greensborough Park are also close by, offering access to expansive outdoor areas for both active recreation and quieter moments of reflection.

What distinguishes this location, however, is the balance it achieves between open space and service access. Greensborough Plaza, home to over 170 retailers, including major names like Woolworths, JB Hi-Fi, and Chemist Warehouse, is less than 500 metres away.&nbsp;

Adjacent Main Street offers a localised retail and dining experience, with cafés, restaurants, and community institutions woven into the suburb’s walkable core.

[smartcode_project:default project_id=4722 project_image_fid=240458]

Public transport remains a core strength of the location. The redeveloped Greensborough Station, completed in 2022, is within short walking distance, linking residents to the broader Metro network and reducing dependency on car travel.&nbsp;

For those commuting by road, direct access to Greensborough Road and the Metropolitan Ring Road ensures broader connectivity across Melbourne’s north and east.

From an infrastructure and growth perspective, the area continues to benefit from public and private sector investment. Greensborough falls within a designated high-priority growth precinct, with projected population growth over the next two to five years supporting demand for additional housing stock, particularly for low-maintenance, well-situated dwellings.

[smartcode_project:default project_id=4722 project_image_fid=240452]

The suburb is well-serviced by educational institutions across all levels, including Greensborough College, Montmorency Secondary College, Greensborough Primary, and a number of preschools. This proximity makes the area particularly appealing to downsizers or multi-generational households looking to remain within a familiar community network.

Healthcare access is similarly convenient, with multiple general practices, specialist clinics, and physiotherapy providers within the immediate vicinity. Larger medical services, including Austin Hospital in Heidelberg, are a short drive away.

Albero’s one-, two-, and three-bedroom apartments are ready for residents to move in.

[smartcode_project_cta:default project_id=4722]

Albero in Greensborough brings walkability and green access to the fore

The City of Sydney has committed more than $150m to a new public square opposite Sydney Town Hall, with construction to start in 2028.

Framed by George, Pitt and Park streets, the square is central to the City of Sydney’s long-term vision of a city centre with plenty of space for people and public life.

Lord Mayor of Sydney Clover Moore AO said plans for a square outside Town Hall have been underway for more than 40 years and will be one of the biggest projects ever initiated by the City of Sydney.

“Like other major cities around the world, we need large, lively, welcoming civic spaces for the growing number of people living in and visiting Sydney,” the Lord Mayor said, adding that the central, public square will&nbsp;be the heart of the city.

“For more than three decades, the City of Sydney has been progressively acquiring properties opposite Town Hall to create space for a future Town Hall Square, and we’re excited to be in a position to deliver this incredible community asset.

“With ample trees and seats, it will be a place to sit on a weekday lunch break, home to large-scale events and gatherings like festivals, markets, celebrations and protests, and a meeting spot as iconic as the Town Hall steps.

“The extra public space along George Street has transformed the city centre, and this square will take our work creating a city for people even further.”

As part of a revitalisation of the precinct, the area between St Andrew’s Cathedral and the Sydney Town Hall is set for an upgrade with new paving, furniture, and lighting to be installed in 2027. The scope for this project is also being considered by the Council this month.

The square at Town Hall is one of three that the City of Sydney envisions as part of a transformation of Sydney. Linked by the newly pedestrianised George Street, it includes squares at Circular Quay and Central Station.

With the proposal approved by the Council on Monday, 12 May, the design for the square will be developed over the next year. The community will have the opportunity to provide feedback on a draft concept in 2026.

$150m plan to reshape Sydney's Town Hall into new public square to go ahead

Apartment living and Melbourne's Abbotsford come hand-in-hand, with well over half of those who live in Abbotsford calling an apartment home.&nbsp;

Despite the appetite for apartment living, there have been very few new apartment developments hit the suburb in the last decade.

Recognising this gap, <a href="/developers/sq-property">SQ Property</a> has launched Lulie, the first major apartment project in Abbotsford since the release of New Johnston in April 2024. Prior to that, it had been over four years since any new residential development entered the local market.

Located just 30 metres from Victoria Park Station, at the corner of Lulie and Johnston Streets, will comprise 60 one-, two-, and three-bedroom apartments.

[smartcode_project:default project_id=149640 project_image_fid=145]

The residences will be spread across two distinctive buildings, designed by Metaxas Architecture. The Johnston Street-facing building will rise five levels behind a classic red brick façade, echoing Abbotsford’s industrial heritage. Behind it, a taller seven-level building with a striking copper-clad and glass façade adds a modern contrast to the streetscape.

Inside, homes have been crafted with an emphasis on natural light, generous proportions, and timeless finishes. Floor-to-ceiling windows maximise northerly views over parkland, while interiors—curated by Air Design Studio—showcase warm materials, natural stone surfaces, and a soft tonal palette that connects with the outdoor environment.

[smartcode_project:default project_id=149640 project_image_fid=146]

Resident amenities have also been carefully considered. A co-working communal area caters to the continued rise of hybrid work lifestyles—an increasingly sought-after inclusion in new developments.

Sustainability and long-term environmental performance are core to Lulie’s design. The development includes secure car parking with provisions for electric vehicle charging, ensuring future-ready infrastructure from the outset.

[smartcode_project:default project_id=149640 project_image_fid=150]

Situated within the Lower Johnston Street District, Lulie is surrounded by Abbotsford’s vibrant blend of industrial character and creative culture. The project is also just moments from the Yarra Trail, the Abbotsford Convent arts precinct, and the soon-to-be-upgraded Victoria Park Station, offering outstanding lifestyle and connectivity.

Realco agent Chris Koullapas is marketing Lulie.

Construction is already underway, with completion slated for 2026. Apartments at Lulie are priced from a competitive $600,000.

[smartcode_project_cta:default project_id=149640]

Lulie brings new apartments to the edge of Victoria Park in Abbotsford

The Gold Coast has recorded the strongest unit price growth in the country over the past five years.

According to the latest data from Cotality, the median unit value on the Gold Coast is now just under $850,000. If compared to capital city median prices, it would rank second only to Sydney, where the median sits at $855,000.

However, the style of new apartment developments is pushing many buyers out of the market, with few projects offering homes under the $1 million mark. When they do, these more affordable options are typically the first to sell.

For buyers with budgets below $1 million, acting quickly is essential.

We’ve rounded up the best new apartment developments on the Gold Coast that still offer apartments priced under $1 million.

<h2>What: Harbour Shores</h2>

<h3>Where: Biggera Waters</h3>

<h3>Who: Lewis Land</h3>

Palm House, the latest release at Lewis Land's multi-stage masterplan <a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a>, has apartments on offer from $990,000.

Palm House builds on the momentum of the first stage of the&nbsp;<a href="/developments/biggera-waters-qld-4216" target="">Biggera Waters</a>&nbsp;community, which is already under construction and over 50 per cent sold.

[smartcode_project:default project_id=113271 project_image_fid=336743]

Palm House introduces an exclusive collection of just 60 two and three-bedroom apartments across a seven-level building. The homes will feature open-plan interiors, expansive balconies, and contemporary finishes.

Residents of the new release will enjoy full access to&nbsp;Harbour Shores’ unmatched suite of resort-style amenities. The community will boast a 25-metre lagoon pool, a state-of-the-art gym, yoga studio, sauna, tennis courts, and an expansive 1.2km waterfront boardwalk.&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290031]

For families and outdoor enthusiasts, The Green parklands and a network of walking and cycling paths provide abundant green space to relax and play.

The Clubhouse, a social hub with indoor-outdoor entertaining spaces, will anchor community life, while on-site cafés and eateries, as well as proximity to Harbour Town Premium Outlets, ensure day-to-day convenience.

<h2>What: Villea Palm Beach</h2>

<h3>Where: Palm Beach</h3>

<h3>Who: Abadeen</h3>

National developer <a href="/developers/abadeen-group">Abadeen</a>'s debut Gold Coast apartment development, <a href="/new-apartments/villea-palm-beach-26-mawarra-street-palm-beach-qld-4221">Villea</a>, comes in with generously-sized two-bedroom apartments under $1 million.

The Palm Beach project, just 400 metres from the sand, is well under construction and will see its buyers move in well before Christmas. It features 69 two and three-bedroom apartments designed for owner-occupiers and downsizers.

[smartcode_project:default project_id=106840 project_image_fid=336441]

Designed by&nbsp;<a href="/architects/bda-architecture" target="">BDA</a>&nbsp;Architecture, the eight-level building will maximize natural light in each apartment. The apartments will feature kitchens with premium stone benchtops, central islands, and integrated Fisher &amp; Paykel appliances.

Additionally, each apartment will have balconies off the kitchen, living, and dining areas, offering either ocean or hinterland views.

[smartcode_project:default project_id=106840 project_image_fid=336442]

Villea will also feature a resort-style pool, gym, barbecue area, and a convenient boutique retail strip at street level.

<h2>What: Corallo</h2>

<h3>Where: Palm Beach</h3>

<h3>Who: Changfa</h3>

Another Sydney-based developer, Changfa, is offering apartments under $1 million in Palm Beach.

Changfa, who has previously developed Lyra on Hope Island among several projects in Sydney's inner ring, has recently launched&nbsp;<a href="/new-apartments/corallo-palm-beach-5-palm-beach-avenue-qld-4221">Corallo</a>, where one-bedroom apartments start from $715,000.

Corallo, on the corner of Palm Beach Avenue and the Gold Coast Highway, has been designed by Plus Architecture and will comprise around 113 one, two and three-bedroom apartments across a 21-level building.

<img alt="Corallo" data-entity-type="file" data-entity-uuid="f8173b9d-1c8d-4b27-9d75-f5b377487de6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-26%20at%201.28.28%E2%80%AFPM.png?VersionId=967vcmMqsBbjuVU7DDB8wDr_VXi2n2cd" />

The second level of the building will feature a swimming&nbsp;pool, cold plunge, steam room, sauna, gym, yoga space, fire pit, and barbecue and dining areas.

There will be a retail and dining precinct and street level.

<h2>What: Tapestry</h2>

<h3>Where: 39 Darrambal Street, Chevron Island QLD 4217</h3>

<h3>Who: SIERA</h3>

The remaining apartments at&nbsp;<a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a>&nbsp;on Chevron Island start at just $9,000 over the $1 million threshold, so they just sneak into this list.

The 113 apartments, currently under construction by SIERA's in-house construction arm, have been designed by BDA for the owner-occupier looking for&nbsp;proximity to cultural and lifestyle amenities, such as the HOTA precinct, local cafes, and the Gold Coast beachfront.

[smartcode_project:default project_id=108641 project_image_fid=192961]

The residences feature floor-to-ceiling glazing, open-plan interiors, and premium finishes including European appliances and timber flooring. Outdoor areas are shaped by curved balconies designed to make the most of surrounding views.

The amenity is geared toward the rooftop, where there will be a pool, gym, sauna, coworking space, and communal gardens.

We’ve rounded up the best new apartment developments on the Gold Coast that still offer apartments priced under $1 million

What $1 million can buy you in the Gold Coast's new and off the plan apartment market

Over half of the apartments in SP Setia's Atlas skyscraper have been snapped up before the project launch.

The new tower, at the northern end of La Trobe Street, has been designed by Cox Architecture and Fender Katsalidis and is Setia's&nbsp;fourth project in the CBD, following the success of Sapphire by the Gardens, UNO Melbourne, and Fulton Lane.

The heritage-listed wall of the former Royal Mint forms the backdrop to the contemporary porte-cochere, forming a striking contrast to the 72-level tower.&nbsp;

Atlas will feature&nbsp;852 apartments, from studios through to three-bedroom residences, starting at $410,000.

<img alt="Atlas Melbourne" data-entity-type="file" data-entity-uuid="f4c50513-ae45-4149-8ca6-0e94dec0e373" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/240925_Level%2072_Library.jpg?VersionId=LCAlVvC3OQ0j6fzz4NzrS998OXBSfCqW" />

Tim Storey, Managing Director, Victoria | Residential at Colliers, said Atlas is a very rare proposition.

“Atlas is the last building in this pocket of the city to be granted a permit for this volume of units, as the permit was obtained back in 2017. Since then, new height restrictions have come into effect, and no other super-skyscrapers of this size will be built in the CBD.”&nbsp;

He says the reason they have been able to sell more than half of the apartments in a short amount of time is that the development ticks all the boxes.

"Not only is the location right, the amenities are right, the design is right, but most importantly, the product is right.&nbsp;The development also caters to a wide range of buyer profiles. We haven’t seen many studio &nbsp;apartments in recent new developments, but as a way to address affordability and the growing &nbsp;demand for city living, the development will house 189 studio apartments, which are already sold out, and we now have a waiting list.”&nbsp;

The tower is divided into three bespoke residential offerings: Garden Residences on levels 1-7, &nbsp;Horizon Residences across levels 9-49, and Sky Crown Residences on levels 50-70.

<img alt="Atlas Melbourne" data-entity-type="file" data-entity-uuid="0e937e56-e4b7-400f-b950-886752d79883" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/240917_Pool%20view%20level%208_0.jpg?VersionId=uMoDCs2t1JvMXwVtxiYZB.8V8.0gEZEc" />

Philip Rowe, Director at Cox Architecture, said throughout the building, there are strong connections to nature and greenery.

“It’s a vertical village that includes the Sky Club on levels 71 and 72, and the Horizon Collective on levels 42, which features a music room, cinema, &nbsp;game area, karaoke lounge, terrace, and more. Level 8 is dedicated to a Wellness Club, offering a gymnasium, spa, sauna, pool, and open green space."

&nbsp;

Construction is set to commence in Q3 2025, with completion expected to take place in mid-2029.

[smartcode_project_cta:default project_id=148772]

Construction of Atlas is set to commence in Q3 2025, with completion expected to take place in mid-2029.

Half of apartments snapped up in Setia's Atlas Melbourne skyscraper

Sherpa Property Group is continuing to service an untapped market of affordability in Palm Beach with its new Flourish brand.

Following the success of Flourish on Sixth, its first price-pointed development that offered one-bedroom apartments for under $600,000, a rarity in the current market, the burgeoning developer has confirmed its next Flourish play.

They've secured a 1,800 sqm site on the corner of 1150-1154 Gold Coast Highway and 3 Sixth Avenue, the old Palm Beach Cash Converters, which is across the road from Flourish on Sixth.

The new development, <a href="/new-apartments/flourish-ovana-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Ovana</a>, will offer 102 one-, two-, and three-bedroom apartments.

<img alt="Flourish" data-entity-type="file" data-entity-uuid="36fc64a3-bfe7-4dc0-a023-e61bdffd7b26" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-23%20at%2011.16.20%E2%80%AFAM.png?VersionId=EO.BS6av91ptjk.7YZmenHPgLNzl9RsY" />

Sherpa Property Group Founder Christie Leet said the recent lodgment of the new Flourish site signals the next chapter for the developer’s ongoing vision to create accessible, community-focused residential apartments on the southern Gold Coast.

“Following the success of Flourish on Sixth, we are extremely excited to unveil plans for another site in Palm Beach that continues the Flourish legacy," Leet said.

"We are particularly proud of the product typologies and unit mix which, amongst others, allow first-home buyers to get a foothold in the market."

Leet says Sherpa's focus is on&nbsp;building connected communities and delivering exceptional living experiences.

"This new project gives us the opportunity to extend our vision, ensuring Flourish Ovana integrates seamlessly with Flourish on Sixth. Our vision for Flourish Ovana is to cater to a broad market – from first-home buyers and local rightsizers to savvy investors – without compromising on quality or livability.

“Palm Beach is a vibrant and rapidly evolving coastal hub, and we’re proud to be playing a role in delivering high-quality housing at an ideal entry price point.&nbsp;Our commitment is to address housing affordability while promoting long-term well-being through supportive, integrated communities.”

Residents will have access to resort-style amenities, including a rooftop pool, wellness spa, gymnasium, and recreation areas, as well as a large retail space available to the Palm Beach community on the ground level.

“The ground floor retail offering will be a game-changer for Palm Beach, bringing everyday convenience to the heart of the community whilst delivering streetscape renewal and activation," Leet added.

<img alt="Sherpa" data-entity-type="file" data-entity-uuid="76f438f1-45b1-48ca-918a-e833a4630aeb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-23%20at%2011.16.15%E2%80%AFAM_0.png?VersionId=SfV1qX7MJfhF2TO5CqaKa1ZNB6TEu8Pc" />

This latest project represents a significant step in Sherpa’s growth strategy, further strengthening the company’s footprint in Palm Beach, where it has successfully delivered three projects over the past three years with two more under construction, including the highly anticipated Flourish on Sixth and Perspective Nexus.

With a current workbook valued at over $1 billion, Sherpa Property Group is cementing its status as a significant player in the South East Queensland development landscape, with a growing portfolio of residential and mixed-use projects across the Gold Coast and beyond.

Sherpa aims to launch Flourish Ovana later this year, pending council approval.

Sherpa aims to launch Flourish Ovana later this year, pending council approval

Sherpa expands Palm Beach footprint with Flourish Ovana plans

Leading Australian developer <a href="/developers/toga-group">TOGA</a> has brought Harris Farm to their award-nominated mixed-use development, <a href="/buildings/wicks-place-marrickville-186-victoria-road-marrickville-nsw-2204">Wicks Place</a>, in the heart of Sydney’s Inner West.

Bringing the fresh fruit and grocery retailer’s signature market-style deli to Marrickville, the opening was celebrated through a custom mural by Sydney-based artist Nico Nicoson, whose vibrant work previously featured in Harris Farm’s Redfern store in TOGA’s Surry Hills Village development. The mural captures the soul of Marrickville through colour, community and creativity – highlighting the unique identity of the area.&nbsp;

[smartcode_project:default project_id=27691 project_image_fid=328315]

This is the third Harris Farm to feature at a TOGA development, alongside TOGA’s iconic Surry Hills Village and Bondi Boheme. The newly opened retailer is the primary tenant of Wicks Place, bringing its iconic range of fresh fruit and vegetables, deli products from around the world, and the much-loved Imperfect Picks range, which saves quirky but delicious produce from waste to the Marrickville community.

Stretching across 1,825 sqm, the store is nestled between hospitality retailers Chargrill Charlies and Zambero, on the ground floor of TOGA’s Wicks Place.

[smartcode_project:default project_id=27691 project_image_fid=328319]

Being a finalist for The Urban Developer award for Development of the Year – High-Density Residential (200+) 2025, TOGA’s Wicks Place is the first residential development in the transformation of Marrickville’s Victoria Road Precinct, delivering 270 apartments across five buildings, with ground floor retail that overlooks Wicks Park.&nbsp;

With only five two-bedroom apartments left, buyer sentiment has been overwhelmingly positive. As the precinct continues to come to life with the opening of Harris Farm, this is the last chance to buy into what Time Out has identified as one of the top 10 coolest suburbs in the world.

[smartcode_project:default project_id=27691 project_image_fid=308947]

Paul Shaw, Executive General Manager at TOGA Group said, residents and locals alike are responding well to the new store.

“Wicks Place has been forged from the eclectic community of Marrickville, and to see the positive response from residents and locals alike to the opening of our key tenant, Harris Farm is fantastic," Shaw said.

"The new supermarket adds to the expansive offerings seen at the precinct and the area, from sprawling parks, warehouse-style bars, and boutique retail alongside bustling restaurants and exciting live music - residents are loving the new addition with demand high for the last remaining apartments.”

[smartcode_project_cta:default project_id=27691]

Stretching across 1,825 sqm, the store is nestled between hospitality retailers Chargrill Charlies and Zambero, on the ground floor of TOGA’s Wicks Place

TOGA’s Wicks Place brings Harris Farm to Marrickville

National developer Frasers Property Australia understands the importance of creating places that go beyond housing.

After more than a century of delivering spaces for Australians to live, Frasers Property has mastered the art of building community. Not only are they a key contributor to Australia’s housing supply, but their community-first approach sets them apart. They invest just as much thought into how people will live within the communities they develop as they do in designing the homes themselves.

When they secured a 26-hectare former industrial site in Yarraville, their approach was no different. The vision: a new neighbourhood called Bradmill Yarraville, which will eventually comprise around 1,500 new homes, pending future approvals.

The first stage of Bradmill Yarraville—44 all-electric townhouses designed by renowned architecture firm Rothelowman—is fast approaching completion, with buyers expected to move in before Christmas 2025.

[smartcode_project:default project_id=134727 project_image_fid=311186]

A key pillar of Frasers Property's strategy is a strong focus on lifestyle and amenity. Rather than treating facilities as an afterthought or cost-cutting casualty, they were central to the design process from the outset. With a future population of over 3,000 residents, they knew the amenity offering needed to be both generous and meaningful.

[smartcode_project:default project_id=134727 project_image_fid=311286]

At the heart of the masterplan is Bradmill Quarter, the central hub of the neighbourhood that will seamlessly blend retail, wellness, and community spaces in a walkable, well-connected setting. The Bradmill Quarter Retail Precinct will feature a major supermarket, a childcare centre, a medical centre, and a curated mix of 15 specialty stores.

Complementing the retail is an alfresco dining zone that flows into The Arbory—a landscaped urban plaza designed for play, relaxation, and social connection. This central gathering space is a key expression of the development’s mission to foster authentic community interaction.

[smartcode_project:default project_id=134727 project_image_fid=311275]

Also anchoring the precinct is Bradmill Social, a flagship lifestyle and wellness destination housed within the site’s historic industrial buildings. Bradmill Social consists of two distinct components: The Proofing Building and the adjacent Boiler House.

The Proofing Building is being transformed into a full-scale wellness centre, complete with a fully equipped gym, pool, sauna, spa, yoga and Pilates studios, barbecue areas, and a basketball half-court.

[smartcode_project:default project_id=134727 project_image_fid=311280]

Next door, The Boiler House—a local landmark visible from the West Gate Freeway—is being reimagined as a dynamic lifestyle venue. It will feature a cinema, media rooms, co-working spaces, children’s play areas, private dining and lounge rooms, bookable family event spaces, a community garden, and even dog-washing stations—truly making it a one-stop hub for all aspects of community life.

[smartcode_project:default project_id=134727 project_image_fid=311292]

Crowning The Boiler House will be the Lantern Lounge, a rooftop entertainment space for both dining and cocktail events with extensive views of the city skyline and over Port Phillip Bay.

[smartcode_project:default project_id=134727 project_image_fid=311270]

In addition to housing and amenity, Frasers Property understands the vital role of nature and landscaping—not only for future residents but also as part of the company’s broader sustainability objectives.

A green corridor of open space will thread through the precinct, connecting to McIvor Reserve and forming part of a larger 26-hectare parkland network. This abundance of green space will enhance the overall quality of life, offering residents places to unwind, exercise, and engage with nature.

[smartcode_project:default project_id=134727 project_image_fid=311283]

The amenity offerings across the precinct will be delivered in stages over the next six years, with the Bradmill Quarter Retail Precinct currently scheduled to open in 2029.

[smartcode_project_cta:default project_id=134727]

The amenity offerings across the precinct will be delivered in stages over the next six years, with the Bradmill Quarter Retail Precinct currently scheduled to open in 2029

Bradmill Quarter: Bringing community and amenity to life in Yarraville

Design-led property developer <a href="/developers/orchard-piper">Orchard Piper</a>, together with joint venture partner NPACT, has broken the record for the most expensive apartment sale in Toorak at their freshly launched new apartment development, <a href="/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a>.

Australian retail executive Daniel Agostinelli and his wife Lynette have spent more than $20 million on the penthouse in the heart of Toorak Village. The sale comes after the successful sale of the sub-penthouses at another Orchard Piper project - Toorak Village&nbsp; - which is currently under construction with Cobuild, for records of more than $11.5 million in May 2024, each exceeding $38,000 per sqm.

Located on Carters Avenue,&nbsp;<a href="/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a> is set to revitalise Toorak Village with a mixed-use offering comprising 47 apartments, commercial suites, and a curated retail and hospitality precinct — all centred around a new private laneway.

As Toorak’s first hotel-style serviced building, the project introduces a new model of lifestyle-focused living, akin to internationally recognised branded residences.

Residents will enjoy a suite of hotel-style services and amenities, including concierge, private car transfers and on-site security, alongside an extensive wellness offering featuring a 25-metre pool, gymnasium, sauna, steam room, cold plunge, spa and treatment room. In addition, residents will have access to a dedicated lounge, meeting rooms, a golf simulator, and practical facilities such as dog-washing and a car-wash bay.

<img alt="One Toorak Place" data-entity-type="file" data-entity-uuid="8f4e7ffa-904e-4ade-83c3-4eec439b9f8d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-22%20at%208.59.40%E2%80%AFAM.png?VersionId=AnEjlmxR6qJqyMIcJcBxUMgck65JrPfW" />

Agostinelli, Group CEO of Accent Group Limited, has followed the developer’s work for over a decade, with the penthouse marking his first purchase.

The house-proportioned apartment comes with five bedrooms, an eight-car private garage, direct lift access to a private lobby, a 1000-bottle cellar, and private wellness facilities, including a pool and spa set across 560 sqm of outdoor terraces and gardens, framed by expansive views of the Melbourne city skyline.

Orchard Piper Director Luke McKie says opportunities of this calibre are incredibly rare, not just in Toorak, but anywhere in Australia.

“The penthouses at <a href="/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a> are designed to offer all the qualities of a fine luxury home, with the added security, privacy and views that only penthouse living can provide," Mckie said.

Orchard Piper Director Rick Gronow added, “To close such a significant sale ahead of launch speaks volumes about the strength of the precinct and the market’s appetite for thoughtfully designed, premium residences in Toorak Village.”

Agostinelli said the decision to purchase was driven by Orchard Piper’s consistent commitment to quality over the past decade.

“I’ve known Rick Gronow and Orchard Piper for a long time," Agostinelli said.

"My wife Lynette and I trust their quality, which made us comfortable buying off the plan. Their work speaks for itself, and this project takes it to a new level. <a href="/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a> stood out to us as a unique chance to live privately while still enjoying the kind of services and experiences you’d normally only find in a five-star hotel. It’s something we haven’t seen in Toorak or Melbourne at this level before and we are very excited about the project."

<img alt="One Toorak Place" data-entity-type="file" data-entity-uuid="adfb073f-1ce9-4e1a-aa30-e52694ce465e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-22%20at%209.49.52%E2%80%AFAM.png?VersionId=T3Q7Yed.nUqXFwAIeydpojqBqJ5v2y2L" />

To complement the residential offering, Orchard Piper has partnered with acclaimed restaurateur Chris Lucas to deliver a new hospitality benchmark in luxury living – a ground-floor dining precinct paired with exclusive in-residence experience. From all-day dining to private catering, cellar services, and events, residents enjoy seamless access to Melbourne’s most iconic hospitality, all curated by the team behind restaurants like Society and Grill Americano.

“This is about more than great food,” said Chris Lucas. “It’s about bringing the spirit of our restaurants into the home — creating a seamless lifestyle that celebrates design, connection and the joy of exceptional hospitality.”

<img alt="One Toorak Place" data-entity-type="file" data-entity-uuid="a71523e7-1124-4631-b907-69a568ccb40e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-22%20at%209.49.59%E2%80%AFAM.png?VersionId=0.PObZnKCpJDL9ZMYi7WAxQeAVrdaS0_" />

Occupying the 3,589 sqm former Mercedes-Benz Toorak site, <a href="/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a> is the suburb’s largest planning approval to date in both height and site size. A joint venture between Orchard Piper and NPACT (a partnership between James Packer’s family office and Todd Nisbet) the project is designed by internationally acclaimed firm KHA (Kerry Hill Architects).

Alongside Orchard Piper’s first Toorak Village project, it contributes to over 5,000 sqm of prime land under development in the precinct, with a combined end value expected to exceed $550 million.

<a href="/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a> will officially launch to market in mid-2025, with construction expected to commence toward the end of the year.

One Toorak Place will officially launch to market in mid-2025, with construction expected to commence toward the end of the year

Orchard Piper secures $20m record-breaking penthouse sale at One Toorak Place

Leading Malaysian developer UEM Sunrise has started taking registrations of interest at its flagship Subiaco East development One Oval,&nbsp;the first residential project to proceed under the WA Government’s Subiaco East Masterplan.

One Oval is a&nbsp;key component of the Subiaco East Masterplan by DevelopmentWA, the Western Australia State Government’s central land and development agency, which aims to rejuvenate 35 hectares of land surrounding Subiaco Oval, the former Princess Margaret Hospital, and Mueller Park.

The masterplan envisions creating a vibrant, inner-city village that respects the area's rich heritage while introducing new residential, commercial, and public spaces to meet the needs of a growing population.

One Oval will include two distinctive residential buildings with dynamic tiered heights of 36 and 26 levels on Lot 1, and 11 levels on Lot 2. The towers will home 342 one, two and three-bedroom apartments,&nbsp;400 sqm of retail at ground level, and a strong focus on wellness amenity and community connection.

<img alt="One Oval" data-entity-type="file" data-entity-uuid="52d07e33-b7e6-47ef-94a1-021c58dd90ab" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-22%20at%209.26.37%E2%80%AFAM.png?VersionId=huNI_42EMkHWRcETTt.EYPxRveA8FvRX" />

Construction is expected to commence next year, with completion of Lot 2 expected in the first quarter of 2029, and Lot 1 expected later that year.

UEM Sunrise Officer-in-Charge and Chief Financial Officer, Hafizuddin Sulaiman says the name One Oval reflects both the site's legacy and its future as a new destination for Subiaco.

“We’re proud to unveil One Oval as the name for our first project in Western Australia”, Hafizuddin said.

“This location holds deep sporting and cultural significance, and we see this as an opportunity to create something truly special that speaks to both history and the future.

“One Oval offers premium residences that are thoughtfully curated and innovatively designed, fostering inclusivity where residents will be able to enjoy elevated parkside living in one of Australia’s most coveted suburbs.”

<img alt="One Oval" data-entity-type="file" data-entity-uuid="c5a0347f-2a2a-49e4-b547-e3c3dad245a5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-22%20at%209.26.32%E2%80%AFAM.png?VersionId=Uap_3WqHxdwZ4JxRK2v5VjB2gER8_MOE" />

Over 70 per cent of the development will have two and three-bedroom residences, with elements of&nbsp;inter-generational living.

Beyond housing, One Oval will bring lasting benefits to the community. Plans include delivering infrastructure to support community events at the Heritage Gates park and the open space&nbsp;within the development adjoining the oval, as well as providing art activation and storage facilities at the oval for local football clubs.

UEM Sunrise Officer-in-Charge and Chief Financial Officer, Hafizuddin Sulaiman says the name One Oval reflects both the site's legacy and its future as a new destination for Subiaco

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