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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

Just a month after lodging plans for a new apartment development in Palm Beach on the Gold Coast, <a href="/developers/bpg-developments">BPG</a>—led by Glen Williams and Nick Parr—is now looking to build in Newstead.

The team is planning an 18-level tower at <a href="/new-apartments/16-22-maud-street-newstead">16-22 Maud Street</a>, a 2,428 sqm site that Williams told Urban they had been working on securing for some time.

On the decision to double down in two of South East Queensland's most sought-after suburbs, Williams said the reasons are straightforward.

"None of the key drivers have changed," Williams told Urban.

"There's still a shortage of stock. Very few new apartments are getting built. Unless you're a builder-developer right now, making the numbers work for a new development is extremely difficult due to high construction costs and the availability, and cost, of builders."<img alt="Maud Newstead corner" data-entity-type="file" data-entity-uuid="da8ccfed-012e-442c-8788-295d02132c76" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20Newstead%20corner.png?VersionId=bGrfsEHPeEG0axAUZvEEccqR4BQHqh8Y" />

The new tower, designed by <a href="/architects/plus-architecture">Plus Architecture</a>, will have 131 two and three-bedroom apartments, plus a wellness-focused rooftop with a&nbsp;gym, sauna, steam room, hot and cold plunge pools, a yoga lawn, communal barbecues, and shaded lounging terraces.

On the ground, a landscaped garden lobby with street-facing seating will link to a retail tenancy and corner plaza, encouraging street-level vibrancy and creating a new social node for Maud Street.

<img alt="Maud Newstead front" data-entity-type="file" data-entity-uuid="2516d100-c0f2-4b16-b1e1-8362613ed6c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20Newstead%20front.png?VersionId=BayGQwpkfqWgwdQjJ86C8ksAXCo4g3e8" />

The design inspiration for the new building came from the heritage-listed former Goldsworthy and Perkins Boot Factory, located next door.

"The design pays homage to the suburb’s industrial history and responds to its context by referencing those iconic archways and tactile brick materiality," Plus Architecture noted in the planning application.

The old boot factory is owned by Super Amart billionaire John Van Lieshout’s development company, Unison Projects. They’re planning 45 apartments across a 12-level tower, with the former boot factory—a two-level brick building dating back to the late 1880s—set for partial demolition.

Last month, BPG filed plans for a new 71-apartment building in Palm Beach—a return to Palmie for the developer, who completed Sable on Palm Beach, just a few doors down from the new site, in 2019.

Read more:&nbsp;<a href="/news/qld/first-look-bpg-developments-returns-to-palm-beach-new-apartment-market">First look: BPG Developments returns to Palm Beach new apartment market</a>

The new tower, designed by Plus Architecture, will have 131 two and three-bedroom apartments, plus a wellness-focused rooftop

First look: BPG eyes Newstead apartments on Maud Street

Melbourne developer <a href="/developers/beulah">Beulah</a> has seen an uptick in interstate buyers at its sustainable, heritage-focused townhouse project, <a href="/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a>.

Five recent purchasers are looking to move to Victoria and into the homes when they complete in late 2026.

The purchasers come as&nbsp;homebuyer sentiment in the state reached a three-year high just last month, rebounding to outright optimism in March. The Westpac Consumer Sentiment Index showed a 15.3 per cent jump to 106 points. This followed an 11 per cent gain in February - the biggest across all states.&nbsp;

[smartcode_project:default project_id=136451 project_image_fid=333959]

Brunswick Established’s new interstate residents comprise a mix of early downsizers, professionals, business owners, retirees, and multigenerational families.

Although buyer demographics vary, purchasers were drawn to the project for its focus on sustainability and circular living and the rare level of customisation encouraged. This allows residents to shape homes around evolving life stages, from complete kitchen redesigns to home pottery studios and intergenerational layouts.&nbsp;

&nbsp;

[smartcode_project:default project_id=136451 project_image_fid=270371]

Beulah co-founder Adelene Teh said she was confident the project would be well-received by prospective buyers looking for sustainable, circular, and customisable living, but the team was thrilled with the rapid uptake of the townhomes, from both local and interstate buyers.&nbsp;

“To be able to accommodate a vast array of family make-ups, each with individual needs and preferences, all within the one cohesively-designed development, is a triumph the team is very proud of," Teh says.

"We haven’t yet seen this done to such a degree, especially with Brunswick Established’s deep commitment to sustainable and circular living at each touchpoint."

[smartcode_project:default project_id=136451 project_image_fid=278310]

There has been a buyer who wants to live around the corner from her family and grandchildren who has installed a lift to suit her physical needs. A Queenslander family is moving out of their family home to enjoy the Melbourne lifestyle and be closer to their family&nbsp;in Brunswick and their business’s head office.

&nbsp;

&nbsp;

Located at 23 Hodgson Street, Brunswick Established comprises 23 unique townhomes designed by <a href="/architects/six-degrees-architects">Six Degrees Architects</a>.

Beulah and Six Degrees have created a residential precinct that celebrates Brunswick’s historic character and champions an advanced model for sustainable urban living.&nbsp;

Brunswick Established is currently under construction. A limited number of three and four-bedroom townhomes remain, priced from $1.87 million, with up to $146,000 in stamp duty savings available.

[smartcode_project_cta:default project_id=136451]

Brunswick Established’s new interstate residents comprise a mix of early downsizers, professionals, business owners, retirees, and multigenerational families

Beulah’s Brunswick Established draws interstate buyers as VIC sentiment surges

Malaysian-backed developer <a href="/developers/mrcb">MRCB</a> has secured planning approval for Maris, its Southport tower offering a mix of just one and two-bedroom apartments, aimed at addressing the region’s growing need for affordable housing.

<a href="/new-apartments/maris-southport-20-queen-street-southport">Maris</a>, a 20-level building,&nbsp;will bring 180 new apartments to 20 Queen Street, in the&nbsp;Southport Priority Development Area.

<img alt="MRCB targets untapped affordable Gold Coast apartment sector with new Southport tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Southport%20Plus%20Architecture.png?VersionId=clOZ.5Uh7Z2t.GooSyklGLtDcSdZGjnQ" />

The approval aligns with both the Queensland Government’s Homes for Queenslanders strategy and the Federal Government’s National Housing Accord, which aims to boost housing supply in key urban centres.&nbsp;

With 92 one-bedroom and 88 two-bedroom apartments, the development delivers a rare configuration mix in the local market, where larger and more luxurious units have recently dominated.

This new housing stock is designed to be more accessible for first home buyers, downsizers who don't have significant budgers, and key workers — a key focus in the context of a nationwide housing shortage.

<img alt="MRCB targets untapped affordable Gold Coast apartment sector with new Southport tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-27%20at%208.56.01%E2%80%AFAM.png?VersionId=BqtA9VP_fJGd7BwBWcVVW.C2ywf6y_ol" />

The tower, designed by Plus Architecture, places a strong emphasis on verticality and textured facades, enhanced by a natural, earthy colour palette.&nbsp;

The approved plans include a three to four-level podium that will home car parking and a communal recreation deck with a swimming pool, sauna, gym, and barbecue areas.

Lush landscaping across podium levels will soften the structure’s visual impact and provide a more human-scale experience at street level, contributing positively to the urban character of Southport.

The 63-metre building height represents a notable uplift from the previous 43-metre limit approved on the site in 2016. Planning consultants Urbis argued successfully that the tower’s scale and design align with the overarching vision for Precinct 3 of the PDA, and the approval now confirms that view.

Strategically located just steps from Broadwater Parklands Station and several bus routes, the site ensures strong public transport connectivity, while offering north-facing apartments with uninterrupted Broadwater views.

<img alt="MRCB targets untapped affordable Gold Coast apartment sector with new Southport tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-27%20at%208.55.33%E2%80%AFAM.png?VersionId=pPQR75kW3CUUe9QjLo6wo1C_hS4EgDHt" />

The Southport project is MRCB’s second foray into the Gold Coast apartment market, following the $500 million 26 Vista tower in Surfers Paradise. That development is over 80 per cent sold of its 280 apartments.

MRCB International is a wholly owned subsidiary of Malaysian Resources Corporation Berhad (MRCB), a publicly listed developer with a strong track record in urban regeneration and infrastructure delivery across Southeast Asia.

The Sundale Motel, currently occupying the 1,743 sqm site, will soon be demolished, paving the way for construction commencement later this year.&nbsp;

The approval aligns with both the Queensland Government’s Homes for Queenslanders strategy and the Federal Government’s National Housing Accord, which aims to boost housing supply in key urban centres

MRCB greenlit for Maris, Southport apartments

<a href="/developers/perifa">PERIFA</a>, a Sydney-based end-to-end property developer and part of <a>Versatile Group</a>, together with investment partner Mitsubishi Estate Asia (MEA), has received State Significant Development Application (SSDA) approval for its landmark mixed-use precinct in Sydney’s Inner West, Rozelle Village.

The approval marks a major milestone in the revitalisation of the former Balmain Leagues Club site, paving the way for construction to commence imminently.

Following SSDA approval, the development of <a href="/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> will deliver a total of 227 dwellings, of which 59 will be allocated to affordable housing, reserved for essential workers, helping to address the State’s housing crisis.&nbsp;

The 16-level mixed-use development will feature bespoke retail, hospitality, and community offerings, along with expansive public spaces and a new home for the new Community Club.

[smartcode_project:default project_id=8142 project_image_fid=347020]

Set to transform the long-abandoned site in Sydney’s Inner West, <a>Rozelle Village</a> has been designed to foster community connection and celebrate the unique character of the area. With architecture by <a href="/architects/scott-carver">Studio.SC</a>, interiors by SJB and landscaping by <a href="/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, the precinct will feature a collection of one, two and three-bedroom apartments and penthouses, a 1,444sqm public plaza, and activated laneways connecting Victoria Road and Darling Street.

Fabrizio Perilli, Co-Founder and Managing Director of PERIFA, said receiving SSDA approval is a critical and exciting step forward in delivering the vision for Rozelle Village.

"It's finally time for this site to see its potential realised," Perilli said.

"This is a massive achievement, not just for the Rozelle Village development, but for Sydney housing in general, and for the local community. It’s so important that mixed-use projects like these are approved in good time, to provide the people of Sydney with the quality housing they so desperately need and with open, community spaces and well-curated retail amenity for everyone to enjoy.

“We’re now focused on moving ahead with our vision for Rozelle Village, deploying Versatile Group’s end-to-end development capabilities to bring to life a precinct that creates beautiful spaces not just for those who will live here, but for the wider <a href="/developments/rozelle-nsw-2039">Rozelle</a> and Balmain communities to enjoy.”

[smartcode_project:default project_id=8142 project_image_fid=347019]

Yosuke Matsunaga, Head of Australia at Mitsubishi Estate Asia, said the team is proud to continue their partnership with PERIFA and excited to deliver Rozelle Village as a legacy project for the area.

"The approval represents the culmination of a lot of planning and collaboration, and we look forward to bringing it to life and offering an elevated lifestyle to the community.”

Rozelle Village is PERIFA and MEA’s second major joint project in Sydney, following Putney Wharf Residences. Both developments reflect a shared commitment to creating high-quality, community-focused mixed-use precincts with long-term value for both new residents and the existing Rozelle community.

Builder&nbsp;<a href="/builders/versatile">Versatile Construction</a>&nbsp;will complete groundworks on the 7,330 sqm site in May. They are expecting to start building works in Q3 2025, and complete the development in 2028.

[smartcode_project_cta:default project_id=8142]

Fabrizio Perilli, Co-Founder and Managing Director of PERIFA, said receiving SSDA approval is a critical and exciting step forward in delivering the vision for Rozelle Village.



Rozelle Village to offer 59 affordable housing units after State Significant Development Application approval

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]

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