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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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?

National developer Fortis has submitted a development application for a major residential project on New F​arm’s dress circle Bowen Terrace.

Designed by DKO Architecture, the proposal includes 74 apartments and four standalone houses, replacing the former Palm Lodge aged care facility on a prime 5,727 sqm site at 424 Bowen Terrace.

The seven-level apartment building will front Moreton Street, while the four individual homes will face Bowen Terrace, positioned to maximise views and enhance the streetscape.

In its submission to Brisbane City Council, DK​O stated that the project aims to “create a high-quality residential development which celebrates its location, maximises amenity for future residents, and makes a meaningful contribution to the surrounding community.”

“The architecture draws inspiration from Brisbane’s subtropical character and traditional Queensland housing, incorporating elements such as verandahs, bay windows, deep balconies, and vertical greenery. The apartment building is configured around a U-shaped layout that frames a north-facing courtyard featuring a swimming pool, spa, and wellness zones.”

<img alt="DKO" data-entity-type="file" data-entity-uuid="9ce4fbfe-ffc1-4026-b98b-bccc018b60b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%2012.46.24%E2%80%AFPM.png?VersionId=XiD9KY.niDaW9YfF8G9lsl_rw_S.5.dg" />

&nbsp;

A Heritage Assessment was undertaken due to the site's proximity to the heritage-listed Fingal House at 3 Moreton Street. The broader heritage context includes several properties along Moreton Street and Bowen Terrace that fall within Brisbane’s Heritage Overlay.

In its Heritage Impact Statement, Urbis noted that “the proposed works are not considered to have a detrimental impact on the adjoining Local Heritage Place.”

The report stated that the proposed building massing, material palette, and setbacks have been carefully designed to reflect and respect the surrounding architectural character.

The application follows three rounds of pre-lodgement consultation with Brisbane City Council and early engagement with local residents, including two letterbox drops and nine meetings with neighbours. Community feedback led to several design refinements, including increased setbacks, additional deep planting, and noise mitigation through improved waste collection strategies.

The New Farm proposal follows Fortis’ entry into the Brisbane residential market with River House at Kangaroo Point, currently under construction. The developer also controls a prime Newstead site earmarked for 65 apartments.

Fortis is the development arm of real estate investment group Pallas Group and has a substantial pipeline of projects in Sydney’s Eastern Suburbs, as well as in Richmond and St Kilda in Melbourne.

&nbsp;

&nbsp;

The New Farm proposal follows Fortis’ entry into the Brisbane residential market with River House at Kangaroo Point, currently under construction

Fortis files Bowen Terrace, New Farm apartment plans

Gold Coast developer Sherpa Property Group is expanding into Brisbane.

Building on the success of its new Flourish brand—designed to deliver affordable, well-designed homes to a broader range of buyers—Sherpa has lodged plans for a new project, <a href="/new-apartments/symphony-21-23-cordelia-street-south-brisbane-qld-4101">Symphony</a>, at 21–23 Cordelia Street, South Brisbane.

The development application follows the strong performance of Flourish Palm Beach, Sherpa’s debut project under the brand. That project sold over 80 per cent of residences within months, generating more than $110 million in sales and highlighting the strong demand for attainable, quality apartments in desirable locations.

Planned for a 1,366 sqm site in South Brisbane, Symphony will offer a mix of one-, two-, and three-bedroom apartments. Prices are expected to start from $695,000, with the development specifically aimed at first home buyers and rightsizers seeking access to the market without compromising on lifestyle or design.

<img alt="Symphony at South Brisbane " data-entity-type="file" data-entity-uuid="866f9005-8c66-47cc-8df2-ebd7a1187339" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H5002COR-Symphony%20RenderTP%20%284%29.jpg?VersionId=NqJ6wbMoET8Zb2aWLyCYCjgaPc4v89Q6" />

Symphony will feature a two-level rooftop with wellness amenities, resort-style recreation spaces and activated ground-floor retail designed to foster community and enhance the local streetscape.&nbsp;

Sherpa founder Christie Leet said bringing Flourish to Brisbane marks a major milestone for the group, which has delivered 16 residential projects across South East Queensland and is actively expanding its pipeline across Brisbane and the southern Gold Coast.&nbsp;

“Flourish has been so well received because it offers well-crafted apartments at an attainable price-point, without cutting corners on quality or liveability,” said Leet. &nbsp;

“Symphony is an incredibly exciting step for us, it’s our first move into inner Brisbane, and we see huge potential here to deliver something different in a market that really needs it.&nbsp;

“We’re giving more first home buyers and local downsizers the chance to secure a well-designed apartment from $695,000 in one of Brisbane’s most walkable, connected, and vibrant neighbourhoods.&nbsp;

“That’s exactly what Flourish is about, helping more people live where they want to be, without compromise.”&nbsp;

<img alt="Symphony at South Brisbane " data-entity-type="file" data-entity-uuid="fe814256-2263-4857-89b6-3c5cce2645b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H5002COR-Symphony%20RenderTP%20%2811%29.jpg?VersionId=WkbrLqMFGR9o7I_MzkIjHk14ANSko4qj" />

Designed by <a href="/architects/hal-architects">HAL Architects</a> and to be built by <a href="/builders/lps-group">LPS Group</a>, Symphony will benefit from Sherpa’s exclusive build partnership, ensuring certainty of delivery at a time when construction capacity remains tight.&nbsp;

Located moments from QPAC, South Bank, Fish Lane, and Brisbane’s CBD, Symphony will place residents at the heart of Brisbane’s cultural precinct, with easy access to major transport, education, and health hubs.&nbsp;

Subject to approvals, Sherpa expects to commence construction in early 2026, with a market launch planned for September 2025.&nbsp;

Sherpa’s proactive acquisition and delivery pipeline now exceeds $1 billion, supported by its focus on delivering attainable, design-led homes in high-demand, undersupplied urban and coastal precincts across South East Queensland.

Sherpa moves into Brisbane apartment market with Flourish brand

One of the Gold Coast’s most significant master-planned projects has been given the green light to proceed, with the Gold Coast Turf Club, in partnership with Aquis Australia, forging ahead with its billion-dollar lifestyle precinct following a positive resolution with community stakeholders.&nbsp; 
&nbsp; 
Originally <a href="/news/qld/gold-coast-turf-club-redevelopment-given-the-all-clear">approved by Council in August 2024</a>, the development, delivered under the Sunlight Lifestyle Precinct banner, is a joint venture between the Gold Coast Turf Club and Aquis.&nbsp; 
&nbsp; 
Sunlight Lifestyle Precinct will transform approximately two hectares of land adjacent to the Turf Club into a <a href="/new-apartments/lots-3-4-racecourse-drive-2-ascot-court-bundall">vibrant mixed-use destination</a> featuring residential, retail and elevated entertainment offerings.&nbsp;

<img alt="Turf Club" data-entity-type="file" data-entity-uuid="1188b053-7065-4922-830a-f56e728f535e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%209.54.41%E2%80%AFAM.png?VersionId=gaPO3LFzIpKlhs1kLrBIW4vWkYWry1z_" /> 
&nbsp; 
The announcement marks a new and exciting phase for the Turf Club, following a series of recent infrastructure upgrades, including a major track redevelopment and the introduction of night racing, setting the stage for the next evolution of the entertainment precinct.&nbsp; 
&nbsp; 
“This is a fantastic outcome for the Gold Coast,” said Steve Lines, CEO of the Gold Coast Turf Club.&nbsp; 
&nbsp; 
“We’ve taken a careful, considered approach from day one, and the outcome reflects that.&nbsp; 
&nbsp; 
“This has never been about moving fast. It’s about doing it properly, and with the community beside us. To have that support, and the backing of Gold Coast City Council and the State Government, gives us the confidence to now take the next step.”

<img alt="Steve Lines &amp; John Fung" data-entity-type="file" data-entity-uuid="71ff5879-6a64-469a-81ef-7809209980d1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Steve%20Lines%20%26%20John%20Fung.png?VersionId=0vHUYvhKsVz2wliQFR0V7S.fqlfvGRQ5" />

The masterplan – designed in collaboration with international and local experts, including Woods Bagot – will include short-stay accommodation, apartments, wellness and fitness spaces, market-style food and retail, rooftop pools, sky gardens, and immersive tropical gardens. &nbsp; 
&nbsp; 
The precinct is designed to complement the Turf Club’s vision to create a world-class entertainment precinct in the cultural heart of the city.&nbsp; 
&nbsp; 
The project is being led by John Fung, son of Aquis founder Mr Tony Fung, who will now oversee the delivery of Sunlight&nbsp; 
&nbsp; 
“We’re incredibly proud to be part of such a transformative vision,” Mr Fung.&nbsp; 
&nbsp; 
“Sunlight will be more than a precinct; it’s a chance to create a lasting destination that captures the spirit of the Gold Coast. Our team is energised and working closely with the Turf Club to take the project to market.”

<img alt="Turf Club" data-entity-type="file" data-entity-uuid="63cb632e-e868-45cc-ab81-bf2caad5d898" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%209.54.37%E2%80%AFAM.png?VersionId=e1KSCAtcjoLtaK8.daA.y4PzkdpNnLlQ" /> 
&nbsp; 
The Turf Club extended a special thanks to the City of Gold Coast and the Queensland Government for their continued support throughout the appeal process. &nbsp; 
&nbsp; 
“We’re proud to have resolved matters in a way that satisfies our local stakeholders and allows us to move forward with certainty,” Lines added.&nbsp; 
&nbsp; 
“The support from the community has been excellent. Everyone’s aligned, the wheels are now turning, and we are looking forward to delivering a truly world-class community asset that will generate hundreds of millions of dollars for the Gold Coast.”&nbsp; 
&nbsp; 
With key approvals now in place and only minor planning refinements remaining, preparations are progressing for a formal public launch of the project.&nbsp; 
&nbsp; 
“Sunlight will be a place to live, stay, visit and play – and it’s unlike anything currently on offer in this part of the Gold Coast,” said Fung.&nbsp; 
&nbsp; 
“We look forward to revealing more soon.”

Community stakeholder resolution paves way for new multi-billion dollar Gold Coast Turf Club precinct

Sydney developer Deicorp has received planning approval from the Department of Planning, Housing and Infrastructure for <a href="/new-apartments/kings-bay-village-53-75-queens-road-five-dock">Kings Bay Village</a>, a $1.8 billion mixed-use precinct set to reimagine three hectares of underutilised land in Five Dock.

The State Significant Development will breathe new life into the Parr​amatta Road Corridor, delivering 1,185 new homes — including 218 affordable dwellings for essential workers — along with 6,500 sqm of public open space, and 14,700 sqm of vibrant retail and commercial offerings.

<img alt="Five Dock" data-entity-type="file" data-entity-uuid="53daf36e-db2d-47cb-b885-13d345b80e5b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%209.25.11%E2%80%AFAM.png?VersionId=v1Nb2by77n7ftY9gpTzPOQnibeZ9bD_z" />

Designed by award-winning architects TURNER, Kings Bay Village is inspired by the area’s industrial legacy, blending classic brick facades and distinctive rooflines with modern urban form.

The precinct will feature six buildings of varying heights that offer&nbsp;views of Kings Bay, Iron Cove and the Sydney CBD.

Positioned just minutes from the future Five Dock Metro Station, Kings Bay Village is the first major urban renewal project supporting the NSW Government and City of Canada Bay Council’s bold vision for the Parramatta Road Corridor, and will contribute over 23 per cent of the Council’s 2029 housing target of 5,000 new homes.

In addition, Deicorp is committing more than $80 million to fund upgrades to local infrastructure, including more than $10 million public domain works, delivering new pedestrian laneways, an activated streetscape, and a 2,290 sqm landscaped park and civic plaza — designed to become the social heart of the community.

<img alt="Kings Bay" data-entity-type="file" data-entity-uuid="e9b9502c-c0e6-41b6-8eed-1baf4318e896" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%209.25.20%E2%80%AFAM.png?VersionId=R0GYVKepcAG9J76yDB06IMOh0CVTBEj9" />

Deicorp Chairman, Fouad Deiri OAM, said it was an honour to have Kings Bay Village endorsed as a State Significant Development.

“This project represents everything Deicorp stands for — considered design, community impact, and delivering homes where they’re needed most,"&nbsp;Deiri said.

“We’re proud to be the first major development to support the NSW Government and City of Canada Bay’s vision for the Parramatta Road Corridor, and by delivering new parks, pedestrian links and plazas, we will create lasting value not just for residents, but for the entire Five Dock community."

The Parramatta Road Corridor is set to play a vital role in Sydney’s future, serving as a central artery that links the city’s two major CBDs — Sydney in the east and Parramatta in the west.

As one of Sydney’s most active developers, Deicorp’s pipeline continues to grow, with around $3 billion worth of projects set to launch to market across the remainder of the year. To date, Deicorp has designed, developed and delivered over 12,000 apartments across 40 Sydney suburbs.

Deicorp Chairman, Fouad Deiri OAM, said it was an honour to have Kings Bay Village endorsed as a State Significant Development.

Deicorp approved for $1.8 billion Kings Bay Village, Five Dock precinct

Mosman is undergoing a residential renaissance, with a wave of mid-rise developments reshaping the suburb’s future.

The latest proposal comes from Metis, a newly launched and fast-growing strategic property development advisory firm founded by industry veterans Jeffrey Curnow, Arian Galanis, and Nicholas Madgwick.

Metis plans to demolish five houses across a consolidated 1,961 sqm site spanning 93–101A Awaba Street to make way for a new six-storey building. The development will feature 29 two- and three-bedroom apartments and a two-level basement with 58 car spaces.

Designed by Cox Architecture, the building responds to Mosman’s distinctive topography and character.

"Our vision is to create an elegant and timeless building that will contribute to the neighbourhood vitality while being one of the first to embrace a future built form vision for Mosman," Cox noted in their submission to the local council.

"We draw our inspiration from the Heidelberg School and their transformative presence at Camp Curlew in Mosman. We aim to reflect their keen interest in transient light and its quality and effect on materials and colours. With an emphasis on a high quality and natural material and colour palette that is complimentary to local natural surroundings and architectural fabric."

The elevated corner site, with its steep fall, will offer upper-floor residents sweeping views of Middle Harbour. Landscaped courtyards, deep soil planting, and EV charging points in the basement reflect the project’s eco-conscious ethos.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="1b5acfff-9717-45f5-90d2-a8a3c7b60291" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-01%20at%209.49.57%E2%80%AFAM.png?VersionId=acK4aSTN49fq5qEVtjhHd_mtANrbJ5ij" />

The Awaba Street development is part of a broader shift driven by NSW Government planning reforms, including the Low and Mid-Rise Housing Policy. This policy has earmarked areas of Mosman—particularly those within walking distance of Spit Junction—as suitable for medium-density housing. Just 383 metres from the town centre, the site qualifies for increased density and will reach the 22-metre height limit permitted under the policy.

The project adds to a growing list of luxury developments transforming Mosman. Notable projects include Prosker's <a href="/new-apartments/redan-lane-mosman-22-redan-street-mosman-nsw-2088">Redan Lane</a> development on the Balmoral slopes and DARE Property Group’s upcoming <a href="/new-apartments/twenty88-mosman-696-706-military-road-mosman-nsw-2088">Twenty88</a>—a mixed-use development featuring 27 apartments above a revitalised retail precinct on Military Road, set to launch later this year.

The Awaba Street development is part of a broader shift driven by NSW Government planning reforms, including the Low and Mid-Rise Housing Policy

First look: Mosman gentrification to continue with new Awaba St apartments

Approaching completion of their luxury Broadbeach tower, Faro, builder-developer 5Point Projects is doubling down—not just in the same suburb, but on the same street.

5Point has lodged plans for <a href="https://www.apartments.com.au/new-apartments/lumara-108-old-burleigh-road-broadbeach-qld-4218">Lumara</a>, a new high-rise at 108 Old Burleigh Road in Broadbeach, just a few hundred metres from Faro, which is being developed in partnership with Bottega Group.

The proposed development, referred to as 108OBR in planning documents, will comprise 37 luxury apartments within a 26-level tower designed by Cottee Parker. It will replace the existing two-level River Dell walk-up apartments on the 827 sqm site.<img alt="108 OBR" data-entity-type="file" data-entity-uuid="1150936d-5652-457f-84b8-eb4ec84b344d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-30%20at%201.38.26%E2%80%AFPM.png?VersionId=uKly9ejIupaF_9TjAtzIhOKfp9YfhDeS" />

There will be a maximum of two units per floor from levels two to 19.

Resident amenities—including a swimming pool, spa, sauna, steam room, BBQ area, private dining room, lounge, and work-from-home facilities—will span levels 20 and 21, situated below four whole-floor, four-bedroom apartments. The penthouse will occupy two levels and feature a private gym, golf simulator, rooftop pool, sauna, steam room, and outdoor barbecue kitchen.

The Town Planning Report by UPS stated: 
"Overall, the proposed development presents a unique and innovative urban rejuvenation of the subject site, further ensured through the high-quality architectural design that affords a comfortable, luxury living environment located within the central location of Broadbeach, and warrants the Council’s support and approval, subject to reasonable and relevant conditions."

<img alt="108OBR" data-entity-type="file" data-entity-uuid="abc4a5d1-2fbb-4bd5-a82f-7e9fe5f211b3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-30%20at%201.38.31%E2%80%AFPM.png?VersionId=B8mDNRKCH120TMrM53WpZrEhiEQGXOkZ" />

108OBR expands 5Point's growing Gold Coast portfolio. As well as Faro Broadbeach, they have two developments underway on the Palm Beach beachfront, with over $160 million of apartments contracted across <a href="/new-apartments/palm-shores-palm-beach-171-173-jefferson-lane-palm-beach-qld-4221">Palm Shores</a> and <a href="/new-apartments/ophira-105-107-jefferson-lane-palm-beach">Ophira</a>.

The new Broadbeach project adds to the transformation of Old Burleigh Road. Developer Polycell is building <a href="/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach">The Rochester</a> nearby, and has plans for two more projects on the indemand strip, while Graya recently launched <a href="/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach">Enclave by Graya</a>.

First look: 5Point doubles down on Old Burleigh Road, plans Lumara Broadbeach

The Main Beach beachfront is set for another new luxury apartment tower.

Computershare billionaire Chris Morris is teaming up with luxury car dealer Greg Eastment, the latter of whom is behind Amani Main Beach just down the road, to deliver <a href="/new-apartments/amali-main-beach-3535-3537-main-beach-parade-main-beach-qld-4217">Amali Main Beach</a>, just 18 apartments on the dress circle Main Beach Parade.

High-end developer <a href="/developers/core-property-partners">Core Property Partners</a>, who has projects in the Gold Coast and Brisbane and were also a part of the Amani development team, are also involved in Amali.

Bayden Goddard has been called on again to handle the designs of the luxury building on an 810 sqm site at 3535-3537 Main Beach Parade, next door to the nine-level Sea building.

<img alt="Main Beach" data-entity-type="file" data-entity-uuid="d64eeaff-7715-435c-af92-af378dc93cf5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-30%20at%2010.23.08%E2%80%AFAM.png?VersionId=pnrrqkA99D0ZUFEx1kUkZHJK9hASJEUw" />

Proposed is a 23-level tower with:

<ul data-end="1731" data-start="1438">
	<li data-end="1479" data-start="1438">
	16 full-floor, three-bedroom residences
	</li>
	<li data-end="1530" data-start="1480">
	2 double-storey skyhomes with five bedrooms each
	</li>
	<li data-end="1636" data-start="1531">
	327 sqm of communal recreation space on Level 1, including a beachfront pool, gym, sauna and steam room
	</li>
	<li data-end="1731" data-start="1637">
	A rooftop retreat exclusive to the two penthouses, boasting private pools and wellness zones
	</li>
</ul>

Each floorplate, at 376 sqm, delivers spacious, open-plan living — a hallmark of BGD Architecture’s approach to beachfront luxury. The entire tower is oriented to maximise views across the Pacific Ocean, while a feature porte-cochère entry and vertical landscaping lend resort-style elegance from the street level.

The Town Planning Report by UPS said the outcome is a "product of exemplary design quality, that will contribute positively to the advancement of the City’s iconic skyline and enhancement of visual aesthetic and vibrancy of the local streetscape along Main Beach Parade."

"Overall, the proposed development presents a unique and innovative urban rejuvenation of the subject site, further ensured through the high-quality architectural design that affords a comfortable, luxury living environment located within the central location of Main Beach, and warrants the Council’s support and approval, subject to reasonable and relevant conditions."

The development trio are soon to welcome buyers to <a href="/new-apartments/amani-3519-main-beach-parade-main-beach">Amani Main Beach</a>, a similar style tower with just 15 luxury apartments.

Amali Main Beach follows on from Amani Main Beach, down the road on Main Beach Parade

Billionaire plots Amali Main Beach apartment tower

Marking another milestone for the $1 billion world-class residential golfing community in the heart of Hunter Valley wine country, Capital Corporation has lodged plans for the Golf Course Clubhouse that is set to become a vibrant hub for Lovedale Farm golfers, guests, and the wider Hunter Valley community.

The DA lodgement follows the success of Lovedale Farm’s first stage release of Designer Homes, with over 70 per cent sold, a combined value of $55 million.

Purchasers so far include a mix of local upgraders, Sydney-based buyers, and golf enthusiasts from Newcastle and the Central Coast.

The 1,200 square metre Clubhouse is designed to match the elevated 18-hole championship golf experience at Lovedale Farm and will include a range of facilities tailored to both golf enthusiasts and lifestyle-focused residents.

[smartcode_project:default project_id=14476 project_image_fid=334207]

Features include a reception lounge, pro-shop, change rooms and lockers, a signature restaurant and bar, an exclusive members’ lounge, and event spaces for weddings, meetings and conferences.

Jim Hunter, Director of Capital Corporation, said the&nbsp;Clubhouse is a cornerstone of our golf course with modern golfing amenities and an exceptional hospitality offering for players and residents.

"The building is designed to complement the natural beauty of the surrounding landscape while offering a premium experience to members and their guests,” Hunter says.

“Lovedale Farm’s residential and tourism precincts have been purposefully designed around the golf course – not the other way around. A clear reflection of our commitment to establishing Australia’s leading lifestyle and golfing destination.”

[smartcode_project:default project_id=14476 project_image_fid=334205]

Membership of Lovedale Farm Golf Club will provide preferred tee times, access to the members’ lounge, and exclusive discounts on cart hire, food and beverage, and services. Residents of Lovedale Farm will receive additional benefits including waived joining fees and reduced green fees as part of their ownership privileges.

The Lovedale Farm masterplan, developed by award-winning architects Hachem, brings together a considered vision for leisure and community living in Hunter Valley wine country. The Clubhouse sits within the broader vision that includes the championship golf course, a premium resort, a vibrant dining precinct and high-end residential offering.

Capital Corporation has also announced the first release of land, priced from $995,000.

[smartcode_project:default project_id=14476 project_image_fid=334206]

This first Lifestyle Land release offers generous blocks ranging from 1,100m² to 3,000m², giving buyers the opportunity to custom-build a home in one of the Hunter Valley’s most sought-after addresses.

“The Lifestyle Land release has been designed to maximise views to the surrounding remnant woodlands,” added Jim Hunter. “These lots offer the perfect mix of luxury and connection to nature.”

Lovedale Farm is expected to deliver approximately 1,250 jobs during construction and inject over $300 million into the local economy. Once complete, the 240-hectare, precinct on Wine Country Drive is projected to contribute $100 million per annum to the Hunter Valley region, further enhancing its reputation as a key tourism and lifestyle destination.

The Lovedale Farm display suite at Hunter Valley Gardens is now open, offering a glimpse into the exceptional lifestyle that awaits future residents and visitors, an experience that’s truly redefining rural luxury.

Lovedale Farm’s first on site display home is scheduled for completion in October 2025. Capital Corporation, renowned for delivering both large scale urban regeneration and greenfield projects was founded over three decades ago. Capital Corporation has delivered close to 2,000 dwellings across Sydney in recent projects at Norwest, Woolooware Bay and Bondi Junction.

[smartcode_project_cta:default project_id=14476]

The Lovedale Farm masterplan, developed by award-winning architects Hachem, brings together a considered vision for leisure and community living in Hunter Valley wine country

Capital Corporation unveils clubhouse at Lovedale Farm’s championship golf course in the Hunter Valley

The NSW Department of Planning, Housing and Infrastructure has granted concept approval for the Transport Oriented Development (TOD) above the future Parramatta Metro Station, marking a major milestone in the Sydney Metro West program and broader Parramatta CBD transformation.

Led by Sydney Metro, the approved concept outlines four new mixed-use building envelopes above and adjacent to the station site, on a 25,498 sqm land parcel bounded by George, Church, Smith, and Macquarie Streets.

The development allows for up to 176,360 sqm of GFA—primarily for commercial and retail uses. Indicative plans flag around 111 apartments in one of the towers, a mix of one-, two- and three-bedroom dwellings.

The capital investment value (CIV) of $1.4 billion is expected to deliver 1,410 construction jobs and support over 9,750 full-time roles post-completion. The approved scheme also includes up to 451 basement parking spaces, supporting a high-traffic location with multimodal transport links.

The concept plan was assessed under the Environmental Planning and Assessment Act 1979 as a State Significant Development. It aligns with broader NSW Government strategies, including the Greater Sydney Region Plan, Central City District Plan, and Future Transport Strategy 2056.

Key urban integration strategies, such as Civic Link extension, active street interfaces, and design excellence review by the Sydney Metro Design Review Panel, formed core parts of the proposal evaluation.

<img alt="Parramatta Metro - Over Station Development" data-entity-type="file" data-entity-uuid="e2792cce-a5f1-4322-a49d-2e331c46f05b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Parramatta%20Development.png?VersionId=J2sywD_k6t6tzx0bMvaMJ.Y4z5ni65tz" />

<h2>Public Interest and Key Benefits</h2>

According to the Department’s assessment, “the project is in the public interest,” with strong alignment to Parramatta's role as Sydney’s Central River City. The Department cited the following reasons for approval:

<ul>
	<li>The project would provide a range of benefits for the region and the State as a whole, including additional employment space and residential accommodation in a highly accessible location.</li>
	<li>The project is permissible with development consent, and is consistent with NSW Government policies including the Greater Sydney Region Plan, Central City District Plan, Future Transport Strategy 2056 and the Parramatta Local Strategic Planning Statement.</li>
	<li>The impacts on the community and the environment can be appropriately minimised, managed or offset to an acceptable level, in accordance with applicable NSW Government policies and standards.</li>
	<li>The issues raised by the community during consultation and in submissions have been considered and adequately addressed through changes to the project and the conditions of consent. Engagement on the project is considered to be in line with Undertaking Engagement Guidelines for State Significant Projects, including the community participation objectives outlined in these guidelines.</li>
</ul>

<h2>&nbsp;</h2>

<h2>New apartment developments in Parramatta</h2>

New apartment developments in Parramatta have been few and far between in recent years.

Builder-developer Deicorp is currently delivering <a href="/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan by Deicorp</a>, the burgeoning developer's first in the area.

[smartcode_project:default project_id=138590 project_image_fid=324867]

The transport-focused developer, known for creating well-connected communities, secured a prime site at the eastern end of&nbsp;<a href="/news/parramatta-suburb-guide-highlighting-new-developments-in-sydneys-second-cbd" target="">Parramatta CBD</a>&nbsp;on Hassall Street. It's conveniently located next to the Robin Thomas Light Rail stop and just a short walk to&nbsp;<a href="/developments/parramatta-nsw-2150" target="">Parramatta</a>&nbsp;Train Station.

Thanks to the prized corner block, with no buildings to the north or east, residents at&nbsp;<a href="/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan by Deicorp</a>&nbsp;will enjoy protected views over the adjacent Robin Thomas Reserve and James Ruse Reserve—views that are rare in the growing CBD.

The development's location also offers easy access to nature, being less than 200 metres from the&nbsp;<a href="/developments/parramatta-nsw-2150" target="">Parramatta</a>&nbsp;River and Queen's Wharf Park.

[smartcode_project:default project_id=138590 project_image_fid=2210]

The two 45-level towers, which will home just over 600 apartments when completed in late 2027, have been designed by&nbsp;<a href="/developments/turner-act-2612" target="">Turner</a>&nbsp;Studio to hero the park views as much as possible, as well as views over the river and the&nbsp;<a href="/developments/parramatta-nsw-2150" target="">Parramatta</a>&nbsp;skyline to the west.

According to the Department’s assessment, “the project is in the public interest,” with strong alignment to Parramatta's role as Sydney’s Central River City

Parramatta Metro TOD approved, apartments planned as part of scheme

Brisbane-based developer Carbone Developments has revised its plans for&nbsp;<a href="/new-apartments/amado-windsor-38-grantson-street-windsor-qld-4030">Amado</a>, its upcoming apartment project in Windsor.

After taking on market feedback, the family-run developer—led by brothers Tony and Don Carbone—returned to the drawing board, reshaping the apartment mix to better suit first home buyers. The updated plans now include exclusively one- and two-bedroom apartments, addressing a relatively underserved segment in Brisbane’s low-rise apartment market.

Several of the one-bedroom layouts have been cleverly designed to incorporate a multipurpose room, ideal for residents working from home or seeking a second living area.

[smartcode_project:default project_id=139074 project_image_fid=730]

Amado will rise six storeys on Granston Street, just off Lutwyche Road. The location offers strong lifestyle appeal, with easy access to local parks, cafes, and Windsor Station.

The project also stands to benefit from anticipated property value growth leading up to the Brisbane 2032 Summer Olympics. The neighbouring Victoria Park precinct is set to be transformed with the construction of a new 63,000-seat stadium, adding further long-term appeal for buyers and investors.

<a href="/developers/carbone-developments">Carbone</a>&nbsp;secured the unique triple site in late 2021. It is occupied by a pre-1911, heritage-listed home which will be restored and form part of the development.

Amado has been designed by Brisbane locals<a href="/architects/red-door-architecture"> Red Door Architecture</a>, who drew inspiration from the suburb's creeks and landscapes, as well as the surrounding vernacular houses.

[smartcode_project:default project_id=139074 project_image_fid=287533]

Crowning the low-rise building will be a communal rooftop with an outdoor kitchen and dining area, plus a lounge area for relaxation, all surrounded by palm springs-inspired greenery and with panoramic views of Brisbane City.

Sustainability remains a key focus in Amado’s design, with allowances for solar panels on the northern portion of the roof. The building will facilitate natural ventilation through operable windows and large sliding balcony doors, which also provide a seamless transition between indoor and outdoor living.

[smartcode_project:default project_id=139074 project_image_fid=731]

The Carbone family has been developing new apartments across inner-city Brisbane for the best part of two decades. They have been prolific in the new apartment space in Windsor, with Amado marking their fifth instalment in the leafy inner northern suburb.

Carbone manages construction in-house. They have already demolished the buildings on-site, excluding the heritage-listed home, and are ready to commence construction. They are expecting buyers to move in early to mid-2027.

[smartcode_project_cta:default project_id=139074]

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