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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

Riverfront living is an aspirational lifestyle for many, but due to the scarcity—and cost—of land, the opportunity to call the riverfront home rarely arises for the more price-conscious buyer.

Developer NOVM is changing that with The Lennox, a new apartment development offering affordable riverfront living in a premium location. These brand-new, never-lived-in apartments are located in a striking 40-storey tower on Phillip Street, with direct access to the Parramatta River Walk.

[smartcode_project:default project_id=5743 project_image_fid=918]

Standing nearly 150 metres tall, The Lennox ranks among the top 10 tallest buildings in Parramatta, offering breathtaking views over the river and beyond.

A variety of floorplans caters to a wide range of buyers—from first home buyers and investors eyeing one-bedroom apartments from the $700,000s, to upsizers and downsizers drawn to the larger three and four-bedroom homes higher up in the building.

[smartcode_project:default project_id=5743 project_image_fid=953]

Each apartment features open-plan living areas, generously sized bedrooms with built-in wardrobes, and private balconies with district or river views. Kitchens and bathrooms are finished in timeless, neutral palettes, with integrated appliances and quality materials selected for long-term durability.

Residents also enjoy an impressive suite of amenities, including The Watermark—a 20-metre indoor heated pool with an adjoining outdoor terrace and BBQ areas. A state-of-the-art gym, fitness studio, and private conference room (often used for events and birthdays) are also part of the lifestyle offering.

[smartcode_project:default project_id=5743 project_image_fid=930]

Much like the apartments and amenities, the location suits a variety of lifestyles. Just off Church Street, The Lennox is within walking distance of the Parramatta CBD, home to the region’s largest Westfield shopping centre, the vibrant new Eat Street dining precinct, and the major Parramatta transport interchange.

Commuters will appreciate easy access to the Sydney CBD via train or the upcoming light rail, while families will benefit from nearby top-performing schools and the new Parramatta Aquatic Centre.

Apartments at The Lennox are move-in ready now.

[smartcode_project_cta:default project_id=5743]

Riverfront living made achievable at The Lennox, Parramatta

Longstanding Lower North Shore developer Hyecorp is continuing to expand its development pipeline, lodging plans for a new tower in Chatswood.

The State Significant Development Application proposes a 28-storey tower at 37 Archer Street, following closely behind their application for a 259-apartment project designed by FK.

Dubbed Celine, the Chatswood development will add a further 125 apartments to Hyecorp’s growing portfolio, which also includes Audrey in St Leonards—now nearing completion with only a handful of three-bedroom apartments remaining—and Juliet, a boutique 37-apartment project in Roseville.

Fuse Architects won the design competition for Celine, with the jury commending the proposal for its "strong response to the site context, the originality and thoughtfulness of the architectural proposal, and the consideration of the wider Chatswood context."

In their submission, Fuse noted that Chatswood is defined by its diverse community and rich cultural heritage as the home of the Gamaragal people.

"The area has always been an important place, with a vibrant history of gatherings and ceremonial traditions. Any new building should honour Country and the culture associated with this land through tangible and intangible outcomes," they wrote in their Design Report.

The apartment mix—spanning one-, two-, three-, and four-bedroom residences—aims to cater to a broad range of residents, including singles, couples, sharers, families, and investors.

<img alt="37 Archer Street, Chatswood" data-entity-type="file" data-entity-uuid="d0f51a8a-9004-4c26-a921-426310908d70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Chatswood%20podium.png?VersionId=BaeY5ulZl3c5K4WNeRzVjltXe0JG.VSu" />

<h2>Mixed-use Precinct</h2>

The apartments will sit above an activated ground plane with:

<ul>
	<li>Double-height retail tenancies fronting Bertram Street</li>
	<li>Ground floor food and beverage spaces, activating the through-site pedestrian link</li>
	<li>Two levels of commercial office space</li>
	<li>A two-storey residential lobby anchoring the corner of Archer Street</li>
</ul>

Complementing the above is a publicly accessible, landscaped through-site link that will connect Archer and Bertram Streets. This new urban corridor is envisioned as a green, activated pedestrian space that encourages public use and outdoor dining—a gesture that extends Celine’s influence beyond its footprint into the broader community.

<h2>Connected Location</h2>

Positioned on the border of the South Chatswood Heritage Conservation Area, Celine will offer immediate access to a wide array of amenities and public transport. Within 800 metres are:

<ul>
	<li>Chatswood Interchange (metro and rail)</li>
	<li>Westfield and Chatswood Chase shopping centres</li>
	<li>Chatswood Concourse cultural hub</li>
	<li>Multiple parks, including Chatswood Park and Beauchamp Park</li>
	<li>A cluster of leading schools and private hospitals</li>
</ul>

<img alt="37 Archer Street, Chatswood" data-entity-type="file" data-entity-uuid="835d39d2-1b0b-40a3-b7ea-04998a39f14d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Chatswood.png?VersionId=9uyn.hFmrXlH0sirqpCUC9pOsv_Q.xfD" />

<h2>Fast Facts:</h2>

<ul>
	<li>Address: 37 Archer Street, Chatswood NSW</li>
	<li>Developer: Hyecorp Property Group</li>
	<li>Architect: Fuse Architects</li>
	<li>Building Height: 28 storeys</li>
	<li>Residences: 125 apartments (including 28 affordable housing units)</li>
	<li>Retail + Commercial GFA: ~1,900sqm</li>
	<li>Total GFA: 14,230sqm</li>
	<li>Basement Parking: 154 car spaces</li>
	<li>Location Highlights: Chatswood Interchange (800m), Westfield, cultural venues, parks, schools</li>
</ul>

Hyecorp doubles-down on Lower North Shore with Celine, Chatswood tower

While the CBD defines the heart of Sydney, its character shifts from block to block.

Whether it's the harbourfront at Circular Quay with views of the Opera House and Harbour Bridge, or the southern end near Chinatown and Central Station, no two streets are the same. Each pocket offers something different—particularly for the growing number of people calling the city centre home.

The latest addition to Sydney’s new apartment pipeline is <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a>, a joint venture between First Sponsor and ICD Property. The project will redevelop the historic City Tattersalls building, a landmark site near the corner of Pitt and Market Streets since it was designed by architects Sherin and Hennessy and constructed in 1891 by Paddington builder Archibald Truehope.

[smartcode_project:default project_id=12428 project_image_fid=312149]

<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> presents a new chapter for the location, with construction well advanced to create a 55-level mixed-use tower comprising 241 premium apartments positioned above a new 135-room boutique hotel. BVN Architecture has led the design of the tower, which will rise above the retained heritage podium. That podium, to be carefully restored by FJC Studio, will house a collection of high-end hospitality venues once complete.

<h2 data-end="1042" data-start="993">A central CBD location amid a precinct revival</h2>

<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> is positioned in one of the city’s most walkable and connected locations, within minutes of major employment hubs, public transport, and retail landmarks including the Queen Victoria Building, Pitt Street Mall and the Strand Arcade.

Pitt Street Mall is consistently named in the top 10 most expensive retail strips in the world, further reinforcing the precinct's significance as a premier commercial and lifestyle destination in the Sydney CBD.

[smartcode_project:default project_id=12428 project_image_fid=312147]

The project is also situated just a few minutes’ walk from Gadigal Metro Station and Martin Place, placing residents within reach of the wider Sydney metro network, including Barangaroo and North Sydney.

The broader Pitt, King and Castlereagh Streets corridor is currently undergoing significant revitalisation, with improved public realm, increased pedestrian activity, and a shift toward mixed-use living and working. <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> is set to be one of the few high-rise residential buildings delivered within this historic part of the city.

<h2 data-end="1874" data-start="1835">Amenity and culture at the doorstep</h2>

The development is surrounded by some of Sydney’s most prominent cultural and lifestyle institutions. Hyde Park, the Royal Botanic Gardens and Circular Quay are all within walking distance, along with major theatres, dining precincts and luxury retail brands.

[smartcode_project:default project_id=12428 project_image_fid=350624]

Residents will have direct access to some of the city’s most iconic streetscapes, as well as close proximity to key venues including the Sydney Opera House, Art Gallery of New South Wales and the State Theatre.

<h2 data-end="2405" data-start="2349">A building with dual purpose and long-term ownership</h2>

“We set out to create more than just a beautiful building - we envisioned a lifestyle,” said a spokesperson for First Sponsor and ICD Property.

“The <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> vision is about delivering a building that provides a sanctuary in the heart of the Sydney CBD. Residents can choose to stay indoors and enjoy panoramic harbour views, dine within the building's restored lower bar, or stroll around the neighbourhood at their leisure. To us, <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> exemplifies a lifestyle of convenient luxury.

"We hold in high regard this exceptional opportunity to bring&nbsp;<a href="/new-apartments/sydney-house-by-city-tattersalls-club-194-204-pitt-street-sydney">Sydney House</a>&nbsp;to fruition, in which we target to retain long-term ownership of the hotel and heritage podium. This enduring commitment not only reflects our confidence in the success of the development but also our deep pride in its legacy.”

[smartcode_project:default project_id=12428 project_image_fid=312146]

<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> will deliver 241 residences—across one-, two- and three-bedroom layouts—positioned above a 135-room boutique hotel that will be owned and operated by First Sponsor. The hotel includes a restored heritage bar and restaurant space at street level, designed to activate the corner of Pitt and King Streets.

The project has been designed to provide hotel-style amenities to residents, with services such as concierge, wellness spaces and meeting rooms available throughout the lower podium and shared zones. This co-location model reflects a broader global trend of integrating branded residential living within luxury hospitality settings.

With construction underway, <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> is expected to be completed in Q4 2027.

[smartcode_project_cta:default project_id=12428]

“We set out to create more than just a beautiful building - we envisioned a lifestyle,” said a spokesperson for First Sponsor and ICD Property.

"More than just a beautiful building": How Sydney House aims to elevate its residents' lifestyle

Opportunities to build in Melbourne’s long-established inner suburbs are increasingly rare. In Kew, one of the city’s earliest residential precincts, that scarcity is even more pronounced.

Wimba Ave, a new residential development by Ricdanic Investments, is notable for precisely this reason. Located within a quiet, tree-lined pocket of the suburb, and bordering established greenery near the river, Wimba Ave offers a rare blend of natural amenity and carefully considered residential design.

Architect Chris Idle, who has been practising for over two decades, says projects like this don’t come along often.

“There are very few opportunities to do these kinds of developments in leafy, established suburbs,” he explains. “To get this level of amenity, natural light, and architectural freedom in such a setting is extremely rare.”

[smartcode_project:default project_id=140755 project_image_fid=354805]

The architecture draws on the language of Kew’s grand homes, reinterpreting their scale and character into a refined, boutique form. Idle describes the material palette, brass detailing, natural stone, and timber flooring, as an exercise in restraint and longevity.

“We wanted it to feel timeless,” he says.

This timeless ethos extends beyond the built form. The development is nestled among mature canopy trees and long-established green spaces, an environment that informed every aspect of the design.

[smartcode_project:default project_id=140755 project_image_fid=366266]

Leading the landscape architecture is John Patrick, a respected figure with nearly 50 years in Australian landscape design. From the outset, preservation and enhancement of the natural environment were central themes.

“When you’re working in a setting like this, with pre-existing mature trees, you work very hard to look after them,” Idle says.

The gardens have been designed with flexibility in mind, offering space for quiet reflection, family gatherings, or entertaining, with a seamless connection between indoor and outdoor zones.

[smartcode_project:default project_id=140755 project_image_fid=354809]

“These are flexible gardens,” Idle adds. “Not designed with a single purpose in mind, a perfect place for grandchildren to play, for entertaining friends, or simply to sit and enjoy the calm and greenery.”

While Kew has seen infill development over the years, it remains one of Melbourne’s most desirable and consistent residential areas. With its riverside location, established infrastructure, and mature landscape, it offers a setting that can’t easily be replicated in newer growth corridors.

Julian Millman from Gary Peer Projects is managing sales for Wimba Ave.

[smartcode_project_cta:default project_id=140755]

Architect Chris Idle, who has been practising for over two decades, says this kind of project doesn’t come along often.

Wimba Ave reimagines heritage architecture for modern living

South East Queensland builder-developer Mosaic is continuing its dominance in the new development space.

Before even releasing their new Kangaroo Point development, <a href="/new-apartments/the-carter-by-mosaic-77-linton-street-kangaroo-point-qld-4169">The Carter</a>, to the open market, they've sold 85 per cent of the 125 two- and three-bedroom apartments.

Interest has come primarily from Mosaic’s existing customer base, with the majority of sales attributed to returning buyers and direct referrals. Purchasers include a balanced mix of investors and a strong majority of owner-occupiers.

The Carter, on a prime 2,124 sqm site on Linton Street, has been designed in collaboration with BDA Architecture and includes a suite of wellness and lifestyle amenities across its 22 levels including a golf simulator/cinema, commercial-grade gym, and a rooftop recreation level with pool, steam room, sauna, cold plunge, teppanyaki bar, private dining space, and landscaped terraces.

The Carter follows Mosaic's debut Kangaroo Point development, The Bedford by Mosaic, which is also nearly sold out and well under construction. Due to the speed of sales, construction has been brought forward on The Carter, also to be built by&nbsp;Mosaic’s internal, ISO-certified building team. Completion is forecast for early 2027.

<img alt="The Carter by Mosaic" data-entity-type="file" data-entity-uuid="dd40a9da-3621-44c8-982f-21a9af5453bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E03_Superman.jpg?VersionId=nkmyXU.mmdYJ3KOetsQFTefHawpP_bFO" /> 
In line with this momentum, the final release of residences at The Carter – held back until construction commenced – is now available, with prices starting from $1.3 million. 
&nbsp; 
Mosaic Founder and Managing Director Brook Monahan said the sales result is not just about momentum – it’s about trust and a deep understanding of how people want to live. 
&nbsp; 
“We’re incredibly proud of the response to The Carter, but even more so of what it represents,” Monahan said. 
&nbsp; 
“In today’s market, trust is everything. Buyers aren’t just choosing a floorplan or responding to architecture, finishes, amenity – they’re choosing who they believe will deliver on their word, who will stand by what they build, and who will still be there long after the keys are handed over.”

<img alt="The Carter by Mosaic" data-entity-type="file" data-entity-uuid="ab54573a-b3ae-45f9-a9df-e6cc4e7228c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I01C_Type%20E%20Overall_Dusk%20Upgrade.jpg?VersionId=zr.NqGGUzf9W0uPwfTp9ZYAvmbrlxat." />

Monahan added that responding to the current market environment means getting the balance exactly right – something Mosaic has long focused on refining. 
&nbsp; 
“It’s not just about creating a luxury product – it’s about understanding how people want to live, where they want to live, and what truly adds lasting value,” he said. 
&nbsp; 
“That balance between scale, quality, timing, and delivery is critical. We don’t chase the market – we prepare for it. That’s how we’re consistently able to meet it with the right product at the right time. 
&nbsp; 
“We listen to our customers, and from that, we continue to learn and evolve our product. We don’t overpromise. On top of that, we don’t walk away. We remain involved – because that’s what makes the difference. You see it in the history of our buildings age, how they’re maintained, and how they continue to perform over time. 
&nbsp; 
“That presence, that ownership, makes all the difference – and buyers respond to it.”

<img alt="The Carter by Mosaic" data-entity-type="file" data-entity-uuid="5f72e4d5-d21c-4568-bf61-8642ec2e3752" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A01_Pool%20to%20City.jpg?VersionId=4w3uqbbxEoO5yKv2n_.AC4xxshG.N_dO" /> 
This year is shaping up to be one of Mosaic’s most active to date, with $390 million in completed projects already delivered, $1.2 billion currently under construction, and another $1 billion in new projects set to commence within 12 months.

“It’s easy to launch a beautiful render. It’s much harder to build something exceptional, deliver it on time, and keep standing behind your projects – development after development, year after year. That’s the business we’re in," Monahan concluded.

[smartcode_project_cta:default project_id=141711]

Mosaic Founder and Managing Director Brook Monahan said the sales result is not just about momentum – it’s about trust and a deep understanding of how people want to live

Mosaic sells 85% of The Carter, Kangaroo Point, before public release

Three years after delivering one of the fastest-selling developments in Palm Beach, Ignite Projects is back on the local development scene.

<a href="/developers/ignite-projects">Ignite</a>, led by developer Josh Foote, has launched <a href="/new-apartments/retreat-palm-beach-1177-jefferson-lane-palm-beach-qld-4221">Retreat Palm Beach</a>, 56 apartments coastal apartments on the Jefferson Lane dress circle. The nine-level building by Plus Architecture has been designed in the same vein as Cabana Palm Beach, which in 2020 sold out all of its 30 apartments in a matter of months.

Retreat Palm Beach will sit on the dress circle Jefferson Lane and will comprise a&nbsp;mix of two and three-bedroom apartments, most with butler’s pantries, private outdoor spaces, and curated interior finishes. Prices range from $1.35 million to $3.95 million.

[smartcode_project:default project_id=134965 project_image_fid=1852]

Designed by <a href="/architects/plus-architecture">Plus Architecture</a>, Retreat Palm Beach takes its inspiration from the Mediterranean, with soft curves, natural textures, and an emphasis on light, air, and indoor-outdoor flow.

A standout feature is the ground-floor communal wellness space, envisioned as a subterranean Mediterranean-style day spa, complete with a sculpted lagoon pool and floating day beds.&nbsp;It will also include a cold plunge pool, spa, infrared sauna, fully equipped gymnasium, barbecue and alfresco dining areas.

Residents will enjoy added convenience with access to communal e-bikes and a digital concierge system for seamlessly booking amenities and services.

[smartcode_project:default project_id=134965 project_image_fid=1845]

Ignite Projects Director Josh Foote said Retreat Palm Beach would be a luxury sanctuary by the sea.

“We’ve considered every detail, from the flow of each floor plan to the materials and amenities, to ensure Retreat delivers calm, clarity and connection for residents,” Foote said.

“We want this space to feel like a retreat from the harsh elements of the beach, so there is a softness to the design featuring curved forms, warm organic stone, textured materials, and lush tropical gardens that create a real sense of relaxation and privacy.

“It’s a rare beachfront opportunity that prioritises wellness, privacy, and a genuine sense of retreat - something we believe the market is really craving right now.”

[smartcode_project:default project_id=134965 project_image_fid=1851]

Sales and marketing is being led by <a href="/project-marketer/new-property-agent-qld-npa">New Property Agents</a> (NPA), continuing their successful partnership with Ignite Projects on Cabana and The Monaco.

While Retreat Palm Beach has strong appeal for owner-occupiers and downsizers, it’s also expected to attract significant interest from investors, particularly for the more affordable two-bedroom apartments.

These residences offer a rare opportunity to secure luxury beachfront property in a tightly held location, with amenities that will be highly sought after by holidaymakers and short-stay visitors.&nbsp;

[smartcode_project:default project_id=134965 project_image_fid=1849]

NPA CEO Andrew Erwin said Retreat Palm Beach offered a rare chance to secure a residence of scale and quality in a tightly held beachfront location.

“Retreat Palm Beach responds perfectly to what we know buyers want – boutique scale, absolute quality, and a lifestyle that’s both elevated and effortless,” Erwin said.

“The demand for premium beachfront residences in Palm Beach continues to grow, but supply remains incredibly limited, especially for people looking for a holiday home investment.

“Retreat offers a rare opportunity for buyers to secure a future-forward residence in one of the Gold Coast’s most tightly held locations.

“Whether it’s a downsizer looking for low-maintenance luxury or a lifestyle investor wanting flexible holiday income, this project ticks all the right boxes.”

[smartcode_project:default project_id=134965 project_image_fid=1853]

Despite its laid-back feel, Palm Beach is fast becoming one of the <a href="/news/qld/palm-beach-the-most-indemand-off-the-plan-apartment-market-on-the-gold-coast#:~:text=Demand%20from%20both%20developers%20and,on%20Urban.com.au.">Gold Coast’s most in-demand suburbs</a>, prized for its balance of coastal calm and urban convenience.

The address combines natural beauty with coastal charm, just moments from the golden sands and rolling surf of Palm Beach.

Residents can stroll to award-winning restaurants, casual beachfront cafés, and boutique shops, or enjoy morning walks along the coastline. The area also boasts excellent access to schools, health services, and major transport links, making it as practical as it is picturesque.

Construction on Retreat Palm Beach is expected to commence in October this year, with completion scheduled for late 2027.

[smartcode_project_cta:default project_id=134965]

Ignite Projects Director Josh Foote said Retreat Palm Beach would be a luxury sanctuary by the sea

Ignite Projects unveils wellness-inspired Retreat Palm Beach

The first Queensland budget under the Crisafulli Government places a strong emphasis on housing, with several major policies aimed at shifting from short-term fixes to long-term structural reform.

Treasurer David Janetzki described the housing package as part of a “fresh start,” focused on restoring affordability, boosting supply, and promoting economic security through increased home ownership.

Among the headline initiatives is the $165 million “Boost to Buy” scheme, a shared equity program that will provide up to 30 per cent equity for new homes (and 25 per cent for existing homes) valued up to $1 million. The scheme is open to households earning up to $225,000 and is designed to reduce the deposit burden for first home buyers. Registrations of interest open from 1 July 2025.

This initiative complements the extension of the $30,000 First Home Owner Grant until June 2026, applicable to new builds, and comes alongside the abolition of stamp duty for first home buyers purchasing a new home.

[smartcode_project:default project_id=109146 project_image_fid=1015]

REIQ CEO Antonia Mercorella said broadening the ‘Boost to Buy’ scheme was a smart, timely step to match market conditions and help more Queenslanders take their first step into home ownership.

“We called for expanded access to shared equity because we know high deposit hurdles are keeping aspiring buyers from getting onto the property ladder,” Mercorella said.

“With suitable income eligibility thresholds of $225,000 for couples and $150,000 for singles and a statewide property value cap of $1&nbsp;million, the scheme reflects modern property prices across Queensland and makes it the most attractive in the nation."

In Greater Brisbane, the annual median house price is $895,000, and in the Brisbane LGA it's $1.21 million. Even for units, annual median unit prices are $770,000 and $735,000 for the Gold Coast and Sunshine Coast respectively.

[smartcode_project:default project_id=113271 project_image_fid=290045]

“The generous cap ensures the scheme is relevant in all corners of our state including high-demand areas like Brisbane, the Gold Coast, and Sunshine Coast, where the median house price now sits above $1 million. Without this adjustment, the scheme risked being out of touch with the reality faced by many first home buyers today.

“With limited placements and a strict focus on first home buyers, this is a measured and proportionate support mechanism. It represents a small share of overall market activity, is unlikely to distort demand, and may assist in rebalancing housing pressure by helping some renters transition into ownership."

[smartcode_project:default project_id=136432 project_image_fid=604]

Property Investment Professionals of Australia (PIPA) Chair Nicola McDougall praised the package as a market-aware and practical approach.

“Helping Queenslanders achieve property ownership was front and centre in the 2025–26 State Budget,” McDougall said.

“The Boost to Buy scheme and enhanced grants are pragmatic and market-aligned initiatives. The property price and income thresholds are more in line with market and economic realities, clearly indicating that the Queensland Government is serious about addressing the housing crisis and helping more young people achieve property ownership.”

Beyond direct buyer support, the Budget commits $2 billion to the Residential Activation Fund, with $1 billion allocated in the first year. This fund is aimed at fast-tracking trunk infrastructure, like water, power, and transport connections, for shovel-ready housing developments in both infill and greenfield areas.

The government has also earmarked $5.6 billion for new social and community housing, with a target of 53,500 new homes by 2044, and is investing $31.3 million in 13 new Regional Plans to support projected population growth and urban planning coordination.

McDougall highlighted the importance of long-term investor participation in underpinning Queensland’s rental housing supply.

“PIPA welcomes the opportunity to discuss policies that will not only encourage more property investors into the market but also motivate them to stay for the long-term,” she said.

“Removing stamp duty disparities between owner-occupiers and investors, and updating land tax thresholds to match today’s values, would be simple but powerful next steps.”

REIQ CEO Antonia Mercorella said broadening the ‘Boost to Buy’ scheme was a smart, timely step to match market conditions and help more Queenslanders take their first step into home ownership

Boost to Buy: Queensland Budget targets first home buyers in high-price market

Some of Melbourne’s most respected names in property are coming together to deliver something truly special—right in the heart of the city’s coolest suburb, and on arguably its coolest street.

Joint venture partners Chapter Group and Crema Group are behind <a href="/new-apartments/fitzroy-fitzroy-411-421-smith-street-fitzroy-vic-3065">Fitzroy Fitzroy</a>, a striking new apartment development on Smith Street. The project blends heritage charm with bold contemporary design by DKO, incorporating the restored façade of the former McRoberts garage and workshop.

Renowned construction firm Cobild is well underway with the build of the nine-level building that will house 63 apartments.

We recently toured the display suite with Taylor Dow of DOW Real Estate to get an inside look at what Fitzroy Fitzroy has to offer.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/PM-5GjXluMU?si=vb0boddAye2EywlM" title="YouTube video player" width="560"></iframe>

“<a href="/new-apartments/fitzroy-fitzroy-411-421-smith-street-fitzroy-vic-3065">Fitzroy Fitzroy</a> will be a new architectural landmark when it’s completed in early 2026,” Dow says.

“It’s a sculptural response to its surroundings,” Dow adds, noting how the form has been deliberately crafted to capture natural light and maximise views across Melbourne.

The project blends contemporary design with deep respect for Fitzroy’s storied past, with angular rooftops and sharply defined edges.&nbsp;

[smartcode_project:default project_id=14394 project_image_fid=183063]

Buyers can choose from a mix of one-, two-, and three-bedroom apartments, along with a collection of townhomes.&nbsp;

Each residence is available in a range of colour schemes, all drawing inspiration from Fitzroy’s rich cultural palette, inspired by the culture and character of Fitzroy.

&nbsp;

[smartcode_project:default project_id=14394 project_image_fid=1011]

Location is everything, and Fitzroy Fitzroy is enviably positioned. With a walk score of 96, it’s the second most walkable neighbourhood in Melbourne.&nbsp;

“It’s at the heart of what makes the suburb one of the city’s most popular,” Dow says.&nbsp;

The Smith and Johnston Street interchange is steps away, along with a vibrant mix of cafes, wine bars, restaurants, and direct transport links to the CBD and Fitzroy Gardens.

&nbsp;

The development also integrates seamlessly at street level, with the ground floor of the heritage façade set to host a selection of hospitality and retail brands, reinforcing its role as a new local hub.

[smartcode_project:default project_id=14394 project_image_fid=183064]

Fitzroy Fitzroy has been one of the most successful selling projects in the area, with over 70 per cent of apartments spoken for, including the sprawling penthouse that was snapped up for a suburb record $10 million. A further $3.5 million is being spent on its custom fit-out.

Cobild is expecting to complete construction in Q4 2025, with residents moving in shortly after

[smartcode_project_cta:default project_id=14394]

We recently toured the display suite with Taylor Dow of DOW Real Estate to get an inside look at what Fitzroy Fitzroy has to offer

Fitzroy Fitzroy: A heritage-inspired new landmark in Melbourne’s coolest suburb

For residential developers who continue to innovate and respond to shifting market needs, it's crucial to stay attuned not only to evolving design trends, but also to advances in technology and lifestyle expectations.

Most developers have already adapted to emerging trends within the built environment. The pandemic, for instance, prompted a shift in residential design, with a growing emphasis on flexible spaces such as study nooks, and significantly enhanced resident amenities as more people began spending extended time at home.

Builder-developer GWH has embraced this shift with its upcoming Newcastle landmark, <a href="/new-apartments/one-apartments-newcastle-west-1-national-park-street-newcastle-west">ONE Apartments</a>, set for completion later this year.

Not only has GWH raised the bar in lifestyle amenities—offering rooftop lounges, a heated outdoor pool, gym with steam room, and private cinema facilities—they are also giving buyers the option to enhance their apartments with smart technology upgrades designed to improve comfort, convenience, and energy efficiency.

[smartcode_project:default project_id=24247 project_image_fid=325765]

While each apartment comes fully equipped with fibre-to-the-premises NBN, Pay TV wiring, and wireless access points, buyers can also opt for an upgrade to the Clipsal Wiser™ Smart Home system (or equivalent). This system allows residents to control lighting, climate, and appliances from a single mobile app.

Smart systems like Wiser help save energy by automating tasks such as turning off unused devices, adjusting lighting and climate control based on occupancy or time of day, and opening or closing blinds in response to natural light or weather.

[smartcode_project:default project_id=24247 project_image_fid=325772]

Beyond energy savings, the system is also designed to elevate daily living. Residents can pre-set routines—for instance, activating air conditioning before arriving home, or setting the scene for movie nights or bedtime routines. The system is compatible with voice control and integrates seamlessly with existing Clipsal wiring, providing flexibility for future upgrades as technology evolves or resident needs change.

[smartcode_project:default project_id=24247 project_image_fid=325771]

GWH, Newcastle’s only local builder-developer, is on track to welcome residents to ONE Apartments in early 2026. The development, located on National Park Street, will comprise 193 one-, two-, and three-bedroom apartments.

Designed by Marchese Partners in collaboration with CKDS, the towers will become the tallest residential buildings in Newcastle West—delivering a new benchmark in apartment living for the region.

[smartcode_project_cta:default project_id=24247]

GWH implements tech-focused lifestyle upgrades at ONE Apartments Newcastle

Plans have been unveiled for a 549-apartment vertical village within Westmead Heath and Innovation Precinct.

The State Significant Development Application and planning proposal for the rezoning of the strategic site at 93 Bridge Rd is&nbsp;one of the earliest projects under the Housing Delivery Acceleration program.

The development, designed by <a href="/architects/group-gsa">GroupGSA</a>, will deliver 549 homes, including 80 affordable apartments, across two towers rising 27 and 28 levels.

The mixed-use development responds to growing housing demand in Westmead’s Health and Innovation Precinct and aligns with the Westmead Place Strategy, which outlines a vision to transform the suburb into a globally significant hub for health, research and education.&nbsp;

Earmarked as one of Australia’s largest health and biomedical research districts, Westmead Health and Innovation Precinct encompasses four major hospitals, four world-leading medical research institutes and two university campuses. By 2036, the precinct is expected to support over 50,000 full-time workers and more than 10,000 students.

The 8663 sqm site is the largest amalgamated land holding identified for residential use in Westmead’s Health and Innovation Sub-Precinct.

“This is an incredibly well-connected site – close to Westmead and Wentworthville stations, the new light rail, the metro now under construction, and just minutes from Parramatta CBD,” said GroupGSA Director Lisa-Maree Carrigan.

“We’ve designed a vertical village that’s walkable, inclusive and future-ready — one that supports long-term liveability and is deeply connected to Country.”

The development, projected to cost $223.5 million, will deliver a diverse unit mix tailored to a variety of household types and needs, comprising 304 one-bedroom, 225 two-bedroom, and 20 three-bedroom dwellings, as well as a four-level basement of 441 car parking spaces.&nbsp;

Fifteen per cent of apartments will be dedicated to affordable housing for essential workers and low-income residents under the NSW Government’s State Environmental Planning Policy (SEPP) for affordable housing. The dwellings will be managed by a registered community housing provider.

The ground level will be opened up to the community through a network of new walkways, landscaped areas and more than 3000 sqm of communal open space. An additional 1000 sqm public park will feature nature and water play areas, Indigenous plantings, and storytelling elements celebrating local culture and biodiversity.

The formation of a green corridor following the creek line to the east of the two towers will link to the Toongabbie Creek corridor. To the south, a dedicated nature walk with native landscaping will restore and reconnect the site with broader ecological systems.

Podium rooftops and elevated communal terraces will provide views to Parramatta Park, the Parramatta River and Toongabbie Creek — connecting residents with “sky Country” and regional landscapes.

GroupGSA Associate Principal and project director Noura Thaha said Westmead is evolving into a world-class health and education precinct.

“This development supports that by providing high-quality, diverse housing for the people who power the precinct – from nurses and students to researchers and emergency services personnel.”

&nbsp;

Subject to planning approval, construction is expected to commence in 2026, delivering much-needed housing and public open space by 2029.

Latest Property News

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

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

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

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News