The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

[smartcode_project:default project_id=150017 project_image_fid=372547]

Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

[smartcode_project:default project_id=149670 project_image_fid=360975]

While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

[smartcode_project:default project_id=108274 project_image_fid=365786]

Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

&nbsp;

[smartcode_project:default project_id=150414 project_image_fid=372743]

Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

[smartcode_project:default project_id=146717 project_image_fid=372225]

While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

[smartcode_project:default project_id=146717 project_image_fid=372222]

The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

[smartcode_project:default project_id=134323 project_image_fid=6395]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Construction is officially underway on <a href="/new-apartments/sol-by-walker-maroochydore-first-ave-maroochydore">SOL by Walker</a>, the new&nbsp;residential apartment development in the heart of Maroochydore City Centre.

Delivered by <a href="/developers/walker-corporation">Walker Corporation</a>, SOL will bring sustainable and connected urban living to the Sunshine Coast, supporting hundreds of jobs throughout construction and beyond.

The first 19-level tower will feature 112 residences with views across the coast and hinterland, resort-style amenities, and direct access to the thriving retail, dining, and green spaces of the Maroochydore City Centre.

[smartcode_project:default project_id=147777 project_image_fid=319846]

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the Crisafulli Government was committed to boosting the supply of housing to create more homes for Queenslanders sooner.

“This is an exciting time for the Sunshine Coast as we deliver a lasting legacy from the 2032 Games, including new housing, hotels and infrastructure,” Deputy Premier Bleijie said.

“The Crisafulli LNP Government is unlocking more land and kickstarting critical infrastructure to get more homes built right across the State. It’s part of our plan to find a place to call home for more Queenslanders sooner.

“With new infrastructure like The Wave connecting this city to the rest of the region and the wider South East Queensland transport network, Maroochydore City Centre is well positioned for its role in the 2032 Games.

“This marks an exciting milestone for the Maroochydore City Centre which will serve Queenslanders well beyond 2032 by creating new opportunities for families to live and work right here on the coast.”

[smartcode_project:default project_id=147777 project_image_fid=349302]

Sunshine Coast Council Mayor Rosanna Natoli said SOL by Walker reflected the region’s bold approach to creating a smart, liveable and inclusive environment for future generations.

“This is a proud moment for our community and a major milestone in shaping <a href="/developments/maroochydore-qld-4558">Maroochydore</a> as Australia’s most progressive regional location,” Mayor Natoli said.

“The beginning of construction of SOL by Walker sends a strong signal that the Sunshine Coast is delivering high-quality homes, vibrant public spaces, and jobs for locals.

“This precinct is at the forefront of innovation, sustainability and opportunity and will play an integral role in the region’s economy of the future plus our contribution to the 2032 Olympic and Paralympic Games. We are building a legacy for the Sunshine Coast that goes far beyond the next decade.”

&nbsp;

[smartcode_project:default project_id=147777 project_image_fid=346899]

Walker Corporation Managing Director and CEO David Gallant said the company is proud to help bring a generational vision to life through quality design, engineering, and placemaking.

“We are thrilled to kick off construction on SOL by Walker, our flagship residential project in South East Queensland and another great chapter in the Maroochydore City Centre story,” Gallant said.

“This is a community-designed project to evolve with the needs of the Sunshine Coast region, and the delivery of homes, retail, green spaces, and seamless transport will ensure Maroochydore becomes a benchmark for regional city-making, especially as we prepare to host the world in 2032.

“This is the first of many residences we will deliver here and we’re proud to be working with SunCentral, Sunshine Coast Council and the Queensland Government to help realise the full vision of this incredible precinct.”

[smartcode_project:default project_id=147777 project_image_fid=319847]

SunCentral CEO Amanda Yeates said SOL by Walker is a major catalyst for unlocking the full potential of the Maroochydore City Centre vision.

“We’ve spent years carefully planning and delivering the foundations of a truly 21st-century CBD and now, with residential development underway, we’re entering an exciting new phase,” Yeates said.

“SOL by Walker is building on our fast-growing community and bringing the Maroochydore City Centre to life as a place to live as well as work and visit. It embodies the design excellence, accessibility, and environmental leadership our partnership has championed from the start.”

[smartcode_project_cta:default project_id=147777]

Deputy Premier Jarrod Bleijie said the Crisafulli Government was committed to boosting the supply of housing to create more homes for Queenslanders sooner

Construction commences on SOL by Walker in Maroochydore

National property group Traders In Purple has topped up its pipeline of luxury inner Brisbane development projects with the off-market acquisition of a second prime site at West End with a project value exceeding $850 million.

The acquisition of the 10,628 sqm site at 281-297 Montague Road comes after the group last week received DA approval for the <a href="/new-apartments/rivara-west-end-117-victoria-street-west-end">riverfront Rivara project</a> at 117 Victoria St, West End, a site it settled in August last year.

Traders In Purple is <a href="/news/qld/first-look-exclusive-traders-in-purple-plan-large-apartments-on-west-end-megasite">preparing for a launch of Rivara</a> mid this year, and is already fielding inquiry from prospective purchasers seeking a luxury riverfront lifestyle.

The newly acquired Montague Road site has an existing approval for two towers up to 20 storeys. Traders In Purple is preparing a new application which will include provision for a more diverse mix of apartments, to broaden the appeal to a wider demographic of buyers drawn to Brisbane’s most dynamic neighbourhood.

The site offers city and river views, and overlooks sports fields and Davies Park, where Brisbane’s popular West End Markets are held each Saturday.

Traders In Purple Director George Geagea said the acquisition of a second West End development site reflected the company’s confidence in the location, close to the city, river and lively West End neighbourhood.

“The more we looked at West End as we worked on the Rivara project, the more we liked its fundamentals,” said Geagea.

“It has a great energy and character, and with proximity to the CBD and the Brisbane River, it ticks a lot of boxes for different buyer groups – young professional couples and singles, families and downsizers.”

Geagea said the urban renewal of West End’s former commercial and industrial sites presented an opportunity for considered placemaking that benefited the wider community.

“Creating beautifully designed and quality built homes is only one part of our responsibility as developers,” said Geagea.

“West End is in a transitional period and the public domain is critical, particularly in a location that is such an integral part of the community.

“Foremost in our planning will be consideration for accessibility and walkability, improving public access from Montague Road to the parks and riverfront.

“We are looking to increase open green space and landscaping, opening up view lines and creating more places for residents and the community to enjoy the beauty of this location.”

A 600 sqm section of the site will be handed over to Brisbane City Council to allow improvements to West End Football Club’s home ground.

Traders has over $5 billion with of projects across both Queensland and New South Wales.&nbsp;

Geagea said the group’s integrated model with its own construction capability had allowed it to navigate challenges that have impacted the property industry.

“We are not immune to cost escalation and supply chain issues however we are able to exert far greater control over resourcing and costs,” said Mr Geagea.

“Where some see obstacles, we see opportunity and with our own construction team and 100% completion track record, we have built a high level of trust amongst our customers and stakeholders.”

Traders in Purple secures second West End site as Rivara approaches launch phase

Developer Pyco is continuing to expand its presence across South East Queensland, with a growing portfolio of residential projects spanning from the Gold Coast to Brisbane.

Currently delivering three developments across the region, <a href="/developers/pyco-group">Pyco</a> has now lodged plans for its next Brisbane project—an 11-level residential tower in the heart of South Brisbane.

The proposal covers a 1,836 sqm site at <a href="/new-apartments/39-41-browning-street-south-brisbane">37 and 39 Browning Street</a> and has been designed by Gatehouse Architects. In line with Pyco’s broader South East Queensland strategy, the project is geared toward the owner-occupier market.

The development will comprise 65 apartments, including 53 three-bedroom residences, 12 of which feature an additional multi-purpose room. The remaining residences include 11 two-bedroom apartments and a single one-bedroom apartment.

The rooftop has been designed as a wellness-focused retreat, featuring a lawn, swimming pool, spa, steam room, sauna, and barbecue facilities. The building’s two penthouses will enjoy private rooftop spaces with lap pools, roof terraces, and dedicated barbecue areas.

<img alt="Pyco" data-entity-type="file" data-entity-uuid="cdceeef8-e7e5-482d-b168-796da6c47f50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-14%20at%203.14.36%E2%80%AFPM_0.png?VersionId=PdKCPpjb6EFqyLCFl0LZP4XU00Vxftty" />

In their town planning report, Mewing Planning Consultants noted that the site offers a range of contextual advantages that make it ideal for a residential development. They highlighted the project’s ability to support urban consolidation and the efficient use of land in a well-connected inner-city location.

"The focus for the development is the delivery of a residential housing product that allows households and families to live in an inner-city, well-located area in close proximity of key employment nodes, education facilities, public transport, mixed-use centres and public open space.

Gatehouse Architects said in their design statement that the multi-residential project thoughtfully responds to the evolving urban character of Browning Street.

"The proposal echoes the spirit of early developments like Watson Terrace (built in 1888), by contributing to the growth and diversification of the local population. Just as Watson Terrace played a role in the area’s early gentrification, this development continues that trajectory—delivering contemporary housing that addresses the evolving needs of South Brisbane’s expanding community."

The building's sculptural façade and restrained material palette create a sense of clarity and refinement. White textured render, expansive glazing, light-toned brickwork, and white aluminium battens will define the exterior.

The residential levels will sit above a 40 sqm ground-floor retail space, adding to the street activation. A neighbouring building of similar scale was approved at 41 Browning Street in December.

Pyco is currently delivering&nbsp;<a href="/new-apartments/nouveau-albion-8-16-anstey-street-albion">Nouveau</a>&nbsp;in Albion and <a href="/new-apartments/atelier-110-vulture-street-west-end">Atelier</a> in West End, and recently launched its latest coastal project, <a href="/new-apartments/onde-kirra-10-churchill-street-coolangatta">Onde Kirra</a>, on the Gold Coast.

First look: Pyco to take on South Brisbane's apartment market

One of the largest ever landholdings in Austral has sold for a record $119.5 million to Castle Group, a residential developer in Western Sydney.

The site acquisition, over 41-hectares on Gurner Avenue, will pave the way for a major housing development.

Joe Sacco of Colliers and Frank Oliveri of Oliveri Capital handles the sales campaign on behalf of the Hellenic Village.

“This sale is a true testament to the strength of the local market, given the sheer scale of the offering," Sacco said.

"Austral continues to be transformed, and this transaction provides the incoming purchaser with the perfect opportunity to create an exceptional new community in the heart of one of Sydney’s fastest-growing regions."

<img alt="Notable $119.5m sale to shape the future of South-West Sydney suburb" data-entity-type="file" data-entity-uuid="08fad1f0-09c5-4994-9bd7-32ab7fb6f304" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Austral.jpg?VersionId=jyAjRDMClqAcOEx4dWEIDItmlB.ZfUml" />

Castle Group’s vision for the site is for a connected and sustainable master-planned community of 550 homes, where its residents will benefit from proximity to major infrastructure and jobs at the

Western Sydney Airport and aerotropolis, while enjoying the natural bushland of Western Sydney Parklands at their doorstep.

Head of Development of Castle Group, Stuart Allen, said the development will help meet the growing demand for low and medium-density housing in Western Sydney.

“Castle Group is investing heavily in South West Sydney and with this acquisition, we’ve grown our footprint in the area to seven projects totalling more than a thousand homes,” Allen said.

“We’re a Western Sydney company, we’re part of the community that we work in, and we’re excited for this opportunity to positively shape Austral’s future.”

<img alt="Notable $119.5m sale to shape the future of South-West Sydney suburb" data-entity-type="file" data-entity-uuid="1440cbe8-19d0-410d-874a-f009cf018e90" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lot%2010%20Gurner%20Avenue%2C%20Austral%20Cam%2001%20%28Medium%29.jpg?VersionId=HyuW3FH44WkP1SN2JRfJxdZIfZEkWdLl" />

Austral is experiencing a surge in development, driven by its proximity to the future Western Sydney International Airport (due to open in 2026) and the Western Sydney Aerotropolis.&nbsp;

Austral has also been earmarked for significant residential and commercial development, supported by local and state government initiatives. The suburb benefits from ongoing upgrades to road networks, including Bringelly Road and The Northern Road, which improve access to major motorways like the M7 and M5.

The 41.32-hectare block of land has the potential for 550 dwellings and sold to Castle Group.

Castle Group to reshape Austral after $119.5m site purchase

Busy Gold Coast developer Dankav is on a one-man mission to turn Mermaid Beach into a thriving new lifestyle precinct—one development at a time.

Having recently completed The Oxley on Lavarack Road, which is already serving as a key hub for one of the Gold Coast's most popular suburbs, Dankav, led by developer Daniel Veitch, now has plans for another similar project.

They’ve secured the 4,095 sqm site of the Mermaid Beach Shopping Village at 2375 Gold Coast Highway—a site that hasn’t traded in 14 years—and have filed plans for <a href="/new-apartments/the-alfred-2375-gold-coast-highway-mermaid-beach">The Alfred</a>, a new mixed-use village featuring 80 apartments and several hospitality venues, strategically located just a stone's throw from the new Mermaid Beach South light rail station.

[smartcode_project:default project_id=149942 project_image_fid=355149]

Dankav enlisted BDA and J.AR Office to design the seven-level building, which will house 80 one- and two-bedroom apartments.

In their submission to the Gold Coast City Council, the architecture firms noted that “an opportunity exists to create a flagship mixed-use development that redefines the urban experience along the Gold Coast Highway.”

“Through considered analysis of the existing context of this area of Mermaid Beach and the envisaged potential for adjoining urban redevelopment, this design outcome will result in the addition of an elegant and visually interesting mixed-use tower with a highly active ground plane, which will provide considerable amenity for residents and visitors and become a complimentary and respectful addition to the ever-emerging light rail corridor of Mermaid Beach.”

[smartcode_project:default project_id=149942 project_image_fid=355151]

The design proposition, they said, “provides a clear strategy of a generous and active ground plane, defined sight lines, visual permeability and creates a focus on the public realm.”

“A central atrium creates a human-scale and sub-tropical environment, extending the public realm into the site with connections to the existing street pattern. Above this sits a luxury residential tower which leverages the abundant amenity in the podium.”

[smartcode_project:default project_id=149942 project_image_fid=355150]

Daniel Veitch founded <a href="/builders/dankav-developments" target="">DANKAV</a> in 2006 and has completed several new developments in Mermaid Beach, the most recent being Mali, 52 apartments on Alexandra Avenue that were completed in 2021.

The team is approaching completion of LAANI, Mali's sister development just 200m down the road. LAANI will comprise 48 large-scale apartments which have been popular with local empty nesters and downsizers, LJ Hooker's&nbsp;Dean Muldoon, who is handling sales, says.

[smartcode_project_cta:default project_id=149942]

Daniel Veitch founded DANKAV in 2006 and has completed several new developments in Mermaid Beach

First look: Mermaid Beach Shopping Village to make way for Dankav's latest mixed-use development play

Buoyed by positive news on interest rate cuts and a surge in rental prices over recent years, investors are gradually re-entering the residential property market in Sydney.

The December quarter data from the ABS revealed that New South Wales led the growth in investor loans throughout 2024, marking a near-30 per cent increase compared to 2023. Importantly, this surge occurred even before the February rate cut and growing economic commentary predicting up to four additional cuts in 2025.

The official cash rate currently sits at 3.85 per cent, but most major banks forecast it will fall to 3.1 percent by year’s end.

Developers are now preparing for a renewed wave of investor activity. Since the Reserve Bank of Australia began aggressively increasing rates — coupled with significant price growth in Sydney over recent years — many investors have struggled to make the numbers work. However, improving conditions are shifting that sentiment.

Investors typically seek two key features in residential property: scarcity and a prime location. If these two boxes are ticked, then a strong rental yield and strong capital growth will likely follow. These criteria explain the rising investor interest in Capital Corporation’s <a href="/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">Wahroonga Estate</a>, located in Sydney’s leafy Upper North Shore.

[smartcode_project:default project_id=135247 project_image_fid=262185]

A major drawcard is the limited supply of apartments in the area. According to the latest Census, of Wahroonga’s 4,600 dwellings, fewer than 20 per cent are apartments. Most existing stock is more than a decade old, and aside from the future stages of Wahroonga Estate, there’s minimal new supply in the pipeline — which will likely support long-term demand and value growth.

Wahroonga Estate is ideally positioned near major infrastructure, including the Sydney Adventist Hospital — NSW’s largest private hospital — located right next door. Within a five-kilometre radius, residents have access to four of the Upper North Shore’s most prestigious schools: Knox Grammar, Barker College, Pymble Ladies’ College, and Abbotsleigh, which only further strengthens rental appeal and price growth for investors.

[smartcode_project:default project_id=135247 project_image_fid=262183]

Wahroonga also satisfies two other key investor metrics: low vacancy and solid rental yields. According to SQM Research, the region’s vacancy rate sits at just 1.3 per cent, while the gross rental yield for units is 4.2 per cent — outperforming the Lower North Shore at 3.8 per cent.

The first stage of Wahroonga Estate, The Residences, will feature 128 one-, two-, three-, and four-bedroom apartments across three mid-rise buildings. The development targets owner-occupiers — a demographic that also appeals to investors, as it aligns with the profile of their likely tenants.

[smartcode_project:default project_id=135247 project_image_fid=284380]

Notably, The Residences avoids costly amenities, helping to keep strata fees relatively low compared to developments with extensive facilities like rooftop pools. The development will still provide significant amenity, more geared around the natural surrounds. There will be over 8,000 sqm of private landscaped gardens, a pet-friendly green spine, a BBQ pavilion, a dog wash bay, and a residents’ lounge equipped with a boardroom-style meeting space and kitchenette.

While most early interest in the apartments has come from downsizers within the Upper and Lower North Shore, <a href="/developers/capital-corporation">Capital Corporation</a> has recently seen increased activity from investors.

According to Jim Hunter, Director at Capital Corporation, the uptick is driven by two key factors: the declining interest rate environment and the strong quality and appeal of The Residences at Wahroonga Estate.

[smartcode_project:default project_id=135247 project_image_fid=262186]

“There’s nothing on the horizon for Wahroonga that compares to Wahroonga Estate,” Hunter says. “We’re expecting investors will benefit from both strong yields and long-term capital growth, and demand from the rental market when the first stage is ready for occupancy.”

Construction of The Residences is expected to begin later this year, with completion anticipated by mid-2027.

[smartcode_project_cta:default project_id=135247]

Investors spurred by rate cuts look to The Residences at Wahroonga Estate

Joint venture partnerships have become an increasingly popular and effective model for new apartment developments, offering a win-win scenario for landowners, developers, and investors. In the rapidly evolving real estate market, particularly in cities like Sydney, these collaborations combine land, capital, and expertise to bring ambitious projects to life.

For developers like <a href="/developers/capital-corporation">Capital Corporation</a>, joint ventures are at the core of their business strategy.

“We&nbsp;have been working with landowners as a joint venture partner for over three decades,” says Jim Hunter, Director of Capital Corporation. “With that comes expertise and experience,&nbsp;partnering&nbsp;with landowners to help maximize their value and returns.”

Capital Corporation's long-standing partnerships in Sydney have transformed several high-profile projects, including the redevelopment of the Woolooware Bay Town Centre&nbsp;which surrounds&nbsp;Cronulla Shark’s Shark Park,&nbsp;the Kogarah Clubhouse,&nbsp;and the luxury apartment development at Bondi Junction, in partnership with the Bondi Junction&nbsp;RSL.

“We look at our partners' land holdings, assess the opportunity, and add substantial value. Whether it’s building new or redeveloping what’s already there, we always unlock the value for our partners,” says Hunter.

In this article, we explore the intricacies of a joint venture partnership, why it makes sense for landowners to collaborate with a developer like Capital Corporation, and how such partnerships differ from traditional land sale agreements.

<h2>How does a joint venture partnership work for landowners?</h2>

In a joint venture with Capital Corporation, the landowner’s sole contribution is the land itself. Once a&nbsp;project&nbsp;is agreed upon, Capital Corporation handles everything, from the planning and design phases to&nbsp;funding, construction, and completion.

“Once we’ve agreed in principle on a joint venture with the landowner, we manage and fund everything from there on in,” explains Hunter.

“The landowner gets to retain ownership of the land while we do what we do best - create successful communities for people to live in. At the end of the development, the landowner receives higher returns compared to a simple land sale.”

<h2>What are the benefits for landowners to undertake a joint venture?</h2>

The traditional development process usually involves a developer purchasing land outright from the landowner, who then receives a lump sum payment and has no further involvement in the project. This model works well for landowners who are eager to sell and receive immediate financial compensation.

However, for landowners&nbsp;who are vested in the long-term interest of their land&nbsp;and&nbsp;want to have a larger return&nbsp;and benefit from the development, a joint venture could be a better option.

“A joint venture provides more flexibility than the traditional model,” says Hunter. “In some cases, the landowner may choose to retain part of the new development, as was the case with the Bondi Junction RSL redevelopment. We transformed the old RSL club on the ground floor and built 80 luxury apartments above, some of which were retained by the&nbsp;club.&nbsp;We also built, and secured a tenant for, a commercial stratum that now returns a steady rental income stream for the Club.”

<h2>Why Capital Corporation is a trusted partner for landowners</h2>

Capital Corporation has been focused exclusively on joint ventures for over three decades, delivering more than&nbsp;$6 billion&nbsp;worth of new developments across Sydney. Their track record includes redeveloping some of Sydney’s most well-known areas into vibrant residential communities.

“We’ve created partnerships on both large and medium-scale projects where landowners have sought different outcomes,” says Hunter.

“Our project in&nbsp;Wahroonga,&nbsp;on the Upper North Shore involves&nbsp;a partnership with the&nbsp;Australasian Conference Association Ltd which holds a large parcel of land, Wahroonga Estate. They sought a joint venture to develop their land into something that would enhance the community and amenity on Wahroonga Estate.”

[smartcode_project:default project_id=135247 project_image_fid=284378]

The Wahroonga&nbsp;Estate&nbsp;project is a prime example of how Capital Corporation works with landowners to create thriving communities. The first stage, The Residences at Wahroonga Estate, will feature apartments across three&nbsp;mid-rise buildings with private, canopy views over the Upper North Shore.

Hunter says that while Capital Corporation’s role is to handle all aspects of the development, from concept to completion, they understand the critical importance of the&nbsp;landowner&nbsp;in the process.

“Without the landowner, there is no development,” says Hunter. “The landowner is crucial to the success of the project, so we always split all returns generated from the development with our landowners equally”

<h2>Capital Corporation’s commitment to housing supply in Australia</h2>

As demand for housing continues to rise, especially in and around Sydney, Capital Corporation remains committed to identifying new joint venture opportunities with landowners.

“The supply of land, particularly in and around Sydney, is becoming tighter,” says Hunter. “But we believe that by working together with landowners, we can help unlock more housing for Australians.”

The power of partnerships: How joint ventures with developers benefit landowners

North Shore developer Hyecorp has revealed its next apartment development in the Upper North Shore.

They’re planning 259 apartments in Roseville, around 600m from one of their current projects, <a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>, which recently commenced construction.

The new development, on a large 9,370 sqm block bordering Lord Street and Roseville Avenue, has been designed by FK, who said in the planning documentation that the project "offers a unique opportunity to create a new residential offering in the desirable suburb of Roseville, with its own unique expression."

"The project vision calls for the integration of landscape features and sensitive architecture, a variety of boutique apartments and high-quality communal amenities that foster a village feel in a predominantly single dwelling neighbourhood," the State Significant Development Application read.

"Our vision for this project is for a site-responsive building, one that integrates familiar materiality from neighbouring sites and utilises multiple facade strategies to establish character. It is inextricably connected by a networked ground plane of gardens and linked walkways."

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="fbabd83f-56f7-4bbc-9e85-9abebe6e5db2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-13%20at%209.37.27%E2%80%AFAM.png?VersionId=q8E.d63RynPbwlEyizCh2edMv5EVKuir" />

Of the 259 apartments, 117 are two-bedrooms (45 percent), 104 are three-bedrooms (40 percent), with 28 one-bedroom units and 10 four-bedrooms.

Also planned for the nine-level building is a wellness centre with a 15-metre swimming pool and gym, a kids club, cinema space, games rooms, and a residents' lounge.

FK said that, in order to respect the tree-lined character of Roseville Avenue, Lord Street and Martin Lane, they have elected to retain as many significant trees as possible on the site.

"This has led to the creation of a setback in the Roseville Avenue facade, which will be dedicated for resident and community use, adding to the series of pocket parks found within the immediate area."

A connection to Lord Street creates a large central courtyard, which will provide a dedicated space for residents to sit beneath a large Blue Gum tree, to be retained on site.

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="e318a28b-2398-4c08-9772-b3288df80cf4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-13%20at%209.37.19%E2%80%AFAM.png?VersionId=CxXL0v2UPUC26nI0E.LyNt6iMtlH39JN" />

<a href="/developers/hyecorp-property-group">Hyecorp</a>&nbsp;has been developing across Sydney's North Shore region since the early 1990s.

They are approaching completion of their St Leonards apartment project, <a href="/new-apartments/audrey-st-leonards-13-19-canberra-avenue-st-leonards">Audrey</a>, opposite Newlands Park, which will wrap up construction later this year.

Their current Roseville development, Juliet, will comprise 37 apartments when it is completed in mid-2026.

The Pacific Highway development is one of the most connected ever produced in Roseville, a redevelopment of the Roseville RSL Club across the road from Roseville Station.

Hyecorp plots latest Upper North Shore apartment development

Sydney property prices are surging once again.

After a relatively flat market in 2024, which concluded with some softening months before positive economic data regarding inflation and the handing down of what is forecasted to be the first of several rate cuts in 2025, prices in Australia's most expensive capital city are back on the rise.

Inner city apartments aren't getting more affordable any time soon. We've wrapped up the top five newest apartment developments in some of Sydney's most central suburbs that cost under $1 million.

<h2>What: Danks St District, Waterloo</h2>

<h3>Where:&nbsp;903-921 Bourke Street, Waterloo NSW 2017</h3>

<h3>Who: DASCO</h3>

<a href="/developers/dasco-australia">DASCO</a>’s game-changing new <a href="/developments/waterloo-nsw-2017">Waterloo</a> precinct,&nbsp;<a href="/new-apartments/danks-st-district-waterloo-903-921-bourke-street-waterloo-nsw-2017">Danks St District</a>, has its entry-level apartments come in at $965,000.

Bourke Street Residences is the first release of the new neighbourhood that will see six new residential buildings delivered, as well as the restoration of two heritage-listed structures.

There are one-, two-, and three-bedroom apartments on offer at Bourke Street Residences, which will also have private amenities including a rooftop garden and outdoor gym.

[smartcode_project:default project_id=111820 project_image_fid=344699]

Designed by a mix of architecture firms, including <a href="/architects/mhn-design-union">MHNDU</a> and <a href="/architects/bates-smart">Bates Smart</a>, the buildings feature a mix of brick and contemporary design elements that reference the industrial history of the area.

Danks St District is located near Redfern, Green Square, and Surry Hills, and benefits from proximity to parks, dining options, and public transport.

Key features:

<ul>
	<li data-list-indent="1" data-list-type="bulleted">
	DASCO is one of Sydney's most respected builder-developers
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	Insured with Resilience Insurance's 10-year Latent Defects Insurance
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	Within walking distance of key inner-city precincts
	</li>
</ul>

<h2>What: The Kensington, Kensington</h2>

<h3>Where:&nbsp;147-151 Anzac Parade, Kensington NSW 2033</h3>

<h3>Who: TOGA</h3>

Another one of Sydney's most renowned builder-developers, TOGA, is offering apartments not quite under, but just over, the $1 million threshold.

It was worth noting however because The Kensington is one of TOGA's most connected new developments, on the doorstep of the Kensington Light Rail stop, and the growing Randwick health precinct and main UNSW campus.

[smartcode_project:default project_id=110959 project_image_fid=307651]

<a href="/new-apartments/the-kensington-147-151-anzac-parade-kensington">The Kensington</a>, currently under construction by DASCO, will comprise&nbsp;142 apartments, including a small number of SOHO (Small Office/Home Office) residences on the ground floor.

Designed by Turner Studio, the building aims to balance traditional architectural references with contemporary materials.

[smartcode_project:default project_id=110959 project_image_fid=307646]

The development will feature rooftop and shared communal areas and is located within walking distance of light rail, offering quick access to the CBD and beaches.

Key features:

<ul>
	<li data-list-indent="1" data-list-type="bulleted">
	Part of a long-term urban renewal zone
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	SOHO residences available with private street access
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	Light rail access and future investment in town centre improvements
	</li>
</ul>

<h2>What: Stanton Place, Rosebery</h2>

<h3>Where:&nbsp;5-15 Dunning Avenue, Rosebery NSW 2018</h3>

<h3>Who: Stockland</h3>

<a href="/new-apartments/stanton-place-rosebery-5-15-dunning-avenue-rosebery-nsw-2018">Stanton Place</a> is part of <a href="/developers/stockland">Stockland</a>’s return to high-density apartment development. The Rosebery project will include 144 apartments across three buildings, centred around a landscaped courtyard.

<img alt="Stanton" data-entity-type="file" data-entity-uuid="c36ab483-42c7-4b38-9718-6e34bc9277a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-13%20at%209.00.01%E2%80%AFAM.png?VersionId=sb7W0YQFqAycVW1VUNMSoWHn5DjF0LDY" />

The development is being designed with sustainability in mind, including EV charging options, solar panels, and rainwater tanks. Located on Dunning Avenue, it’s well connected to cafes, Green Square Station, and local amenities such as The Cannery.

Key features:

<ul>
	<li data-list-indent="1" data-list-type="bulleted">
	New Stockland apartments in an established inner-south location
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	Emphasis on sustainability and green space
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	Walkable access to shops, transport, and parkland
	</li>
</ul>

<h2>What: The Rothschild, Rosebery</h2>

<h3>Where:&nbsp;24 Rothschild Avenue, Rosebery NSW 2018</h3>

<h3>Who: Deicorp</h3>

Builder-developer Deicorp recently completed&nbsp;<a href="/buildings/the-rothschild-rosebery-24-rothschild-avenue-rosebery">The Rothschild</a>, also in&nbsp;<a href="/developments/rosebery-nsw-2018">Rosebery</a>, and has one-bed one-bath apartments, including those with a car space, under $1 million.

The building’s design, by <a href="/architects/candalepas-associates">Candalepas &amp; Associates</a>, incorporates European-inspired elements and sits within a quieter pocket of the inner south.

[smartcode_project:default project_id=106843 project_image_fid=221665]

The location offers good access to transport, parks, and established retail precincts, making it a practical choice for those seeking an inner-city home without a construction wait.

Key features:

<ul>
	<li data-list-indent="1" data-list-type="bulleted">
	Completed apartments with immediate move-in
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	Designed by award-winning architects
	</li>
	<li data-list-indent="1" data-list-type="bulleted">
	Close to key employment, retail, and transport hubs
	</li>
</ul>

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

Sydney’s harbourside suburbs have undergone rapid regeneration over the past five years

New developments are lining the harbour and the surrounding streets.

Pyrmont, one of Sydney’s most central harbourside suburbs, has been somewhat left behind in the new apartment development scene.

The suburb—just a bridge and waterway away from Darling Harbour and the heart of the Sydney CBD—hasn’t seen a new apartment development since the completion of Paragon of Pyrmont in 2021. That project primarily featured three- and four-bedroom apartments and luxury terraces.

<h2 data-end="896" data-start="862">Apartment Demand Remains Strong</h2>

Given that over 90 per cent of Pyrmont residents live in apartments, there’s a clear appetite for apartment living in the area.

A key reason for the lack of new development has been land scarcity. Pyrmont is a relatively small suburb compared to others along the harbour’s edge, leaving developers with few opportunities.

<h2 data-end="1255" data-start="1222">A Rare Development Opportunity</h2>

So when the chance to secure a large site in Pyrmont arose, developer Landream—known for Opera Residences at Circular Quay—acted quickly.

They acquired a 1.2-hectare block on Wattle Street from the City of Sydney in 2019, the same year the NSW Government announced the new $750 million Sydney Fish Market, just 300 metres from the development site.

After several years of planning to ensure the right fit for the prime site, Landream has now unveiled <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a>: five buildings with 267 apartments, a swimming pool, a state-of-the-art gym, a commercial office tower, childcare facilities, and recreational centres.

[smartcode_project:default project_id=138909 project_image_fid=337669]

<h2 data-end="1929" data-start="1880">Perfectly Positioned on the Edge of the Action</h2>

While located next to the landmark Fish Market, Pyrmont Place sits on the very western edge of Pyrmont, bordering Ultimo—home of Broadway Shopping Centre—and Glebe, one of Sydney’s liveliest inner-west hubs for dining.

Pyrmont has a Walk Score of 92. (Suburbs scoring between 70 and 89 are considered “very walkable.”)

[smartcode_project:default project_id=138909 project_image_fid=337677]

<h2 data-end="2298" data-start="2252">Sydney’s Next Landmark: The New Fish Market</h2>

The closest major attraction is the new Fish Market, set to open sometime this year. It has been described as the most significant waterfront building in Sydney since the Opera House and will include a Southeast Asian diner by Luke Nguyen, along with a range of restaurants, retail outlets, seafood vendors, delis, wine merchants, and bakeries.

Wentworth Park, a multipurpose green space with sports fields and the Wentworth Park Greyhound Track, sits just across the road—ensuring unobstructed views due to the lack of developable space.

[smartcode_project:default project_id=138909 project_image_fid=330851]

<h2 data-end="2877" data-start="2841">A Connected Harbourside Lifestyle</h2>

A new Blackwattle Bay promenade will create a 15-kilometre continuous foreshore walk connecting Rozelle Bay to Woolloomooloo. Meanwhile, Pirrama Park, located toward the northern end of Pyrmont and just a 15-minute walk away, offers BBQ facilities, playgrounds, and views of the Sydney Harbour Bridge.

[smartcode_project:default project_id=138909 project_image_fid=330854]

Pyrmont’s well-established and popular dining scene includes renowned venues such as Sokyo, BLACK Bar &amp; Grill, and LuMi Dining—all within walking distance of Pyrmont Place and The Star casino, which sits on the edge of Darling Harbour and offers even more dining options.

<h2 data-end="3486" data-start="3455">Walk, Ride, or Ride the Rails</h2>

Those commuting from Pyrmont Place can enjoy a manageable 20-minute walk across Pyrmont Bridge into the CBD. The area is also bicycle-friendly, including the bridge itself.

[smartcode_project:default project_id=138909 project_image_fid=330856]

Pyrmont features its own light rail stop, connecting to Central Station and Dulwich Hill in the inner west. By 2030, it will also be connected to the expanded Sydney Metro line via a new station between Pyrmont Bridge Road and Union Street.

<h2 data-end="3934" data-start="3904">A One-of-a-Kind Opportunity</h2>

Given the scarcity of land in and around Pyrmont, Pyrmont Place is a rare offering that may not be replicated for many years to come.

Construction is expected to start later this year, with a stage completion in 2028.

[smartcode_project_cta:default project_id=138909]

Given the scarcity of land in and around Pyrmont, Pyrmont Place is a rare offering that may not be replicated for many years to come

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