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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

The small Gold Coast suburb of <a href="/developments/palm-beach-qld-4221">Palm Beach</a> has been one of Australia’s most in-demand locations for new apartments since 2020. Much of the suburb’s development has taken place— and continues to take place—along the Gold Coast Highway and just off the beachfront, where apartments are now achieving prices that would have seemed unthinkable just five years ago.

When Sydney-based developer <a href="/developers/abadeen-group">Abadeen</a>&nbsp;decided to introduce its luxury brand to the Gold Coast, it took a different approach. The group secured an amalgamated site on Mawarra Street, toward the northern end of Palm Beach and on the western side of the Gold Coast Highway. While not directly on the sand, the site is just 400 metres from the beach, allowing Abadeen to offer a broader mix of apartment configurations and price points—something rarely seen in a market where new apartments often start from $3 million.

[smartcode_project:default project_id=106840 project_image_fid=336441]

<a href="/new-apartments/villea-palm-beach">Villea</a>, Abadeen’s debut Gold Coast project, comprises just 69 two and three-bedroom apartments, priced from $995,000 to $2,715,000. Residents will enjoy the laid-back Palm Beach lifestyle—without the beachfront premium.

Now well advanced in construction and on track for completion before Christmas, Villea is located less than 400 metres from Palm Beach’s northern sands. Its position also places residents just a 10-minute walk from Tallebudgera Creek, the natural waterway dividing Palm Beach from Burleigh Heads.

[smartcode_project:default project_id=106840 project_image_fid=336449]

Affectionately known by locals as Tally Creek, this lifeguard-patrolled inlet is one of the Gold Coast’s most beloved family-friendly beaches. The calm, bay-like waters are ideal for swimming and paddleboarding, and there’s even a section of the sand designated as an off-leash dog area.

Just 600 metres from Villea is Canvas Palm Beach, one of the Gold Coast’s most popular cafés. Doubling as a boutique homewares store, Canvas serves breakfast, lunch, and drinks until 3pm daily.

While Palm Beach’s wider lifestyle offerings are a major drawcard, Abadeen has also prioritised on-site convenience. Villea will feature a ground-floor retail precinct, including a café and several yet-to-be-announced boutique retail tenancies, delivering everyday amenity right at residents’ doorstep.

[smartcode_project:default project_id=106840 project_image_fid=336445]

Connectivity will soon be another key advantage. The proposed Nineteenth Avenue light rail stop—part of the $4.4 billion G:Link extension—will be located just 650 metres from Villea’s entrance. Once complete, it will provide direct links south to Coolangatta and north through Broadbeach and Surfers Paradise, all the way to Helensvale.

Families are also showing strong interest in the project, thanks in part to Villea’s close proximity to Palm Beach State School, located just 300 metres away, as well as the large floorplans that range in size up to 163 sqm.

[smartcode_project:default project_id=106840 project_image_fid=336442]

Villea will also feature several resident-only facilities, from a resort-style swimming pool to a fully-equipped gym.

Builder Emicon is soon to top out the eight-level structure which was designed by local architecture firm BDA.

[smartcode_project_cta:default project_id=106840]

Abadeen finds untapped Palm Beach pocket for debut Gold Coast apartment development, Villea

Respected builder-developer DASCO has unveiled its highly anticipated Danks St District, set to become the largest and most design-focused residential and retail village in the heart of Waterloo.

DASCO, a family-run company founded over three decades ago by Daniel and Salim Nicolas as a construction and design firm, secured the large disused 1.7-hectare site on the corner of Bourke, Young, and McEvoy Streets in 2023.

They have now launched the first stage of the precinct. The precinct comprises the delivery of six new residential buildings, and later the restoration of two heritage-listed structures: the 1922 Pumping Station and the 1935 Valve House.

[smartcode_project:default project_id=111820 project_image_fid=344700]

The new buildings, designed by Bates Smart, MHNDU, Fieldwork and Richards and Spence, vary in size and density—from a stepped 20-level tower with terraces adjacent to a new park, to a boutique six-level plaza building with just 23 apartments. The architecture pays homage to Waterloo’s industrial past through expressive brickwork and sculptural form.

The first release, Bourke Street Residences, features a mix of one, two, and three-bedroom apartments, designed by MHNDU in collaboration with Melbourne-based landscape architect Fieldwork.

[smartcode_project:default project_id=111820 project_image_fid=344702]

The sculpted building draws inspiration from the site's natural environment and existing heritage structures, blending old and new in a refined, contemporary form.

Residents of Bourke Street Residences will also enjoy private amenities, including a rooftop garden with city views, a sheltered barbecue area, an outdoor gym, and a soundproofed music room.

DASCO CEO Michel Najjar said Danks St District presented an opportunity to deliver a landmark lifestyle community that benefits from the highly desirable Redfern and Surry Hills villages. He said the project will be extremely popular with owner-occupiers, investors, and tenants.

Danks St District will no doubt draw attention from the likes of Redfern and Surry Hills with its communal gardens and central plaza filled with retail and dining spaces.

[smartcode_project:default project_id=111820 project_image_fid=344590]

DASCO, an iCIRT-rated builder-developer, has also secured the highly sought-after Latent Defects Insurance policy from Resilience Insurance. The insurance, which can only be taken out by the developer and not the property owner, protects homeowners from major structural or waterproofing faults for 10 years post-completion.

The Danks St District will deliver 373 much-needed dwellings to Sydney's housing supply on a prime 17,000 sqm+ inner-city site.

[smartcode_project:default project_id=111820 project_image_fid=344704]

DASCO co-director Daniel Nicolas said Sydney’s housing crisis has highlighted the desperate need for a stronger pipeline of projects that will help alleviate rapidly increasing rents and provide a greater diversity of housing within the inner city. He noted that "research shows inner-city approvals have plummeted to record low levels in recent years and new project releases and completions have also stalled."

He added, "All the metrics indicate there is a dire problem with low vacancy rates and soaring rents. Net overseas migration figures have returned to pre-COVID levels and the demand for quality residential living, particularly in this location, remains as high as ever from students, singles, couples, and young families."

"With fewer development sites of this scale and calibre available in prime and prestigious locations, we see this as an essential opportunity for us to deliver an impressive legacy project."

[smartcode_project_cta:default project_id=111820]

The Danks St District will deliver 373 much-needed dwellings to Sydney's housing supply on a prime 17,000 sqm+ inner-city site

DASCO launches game-changing new Waterloo precinct, Danks St District

A few days after confirming their $70 million purchase of an unrepeatable development site in Miami, <a href="/developers/monaco-property-group">Monaco Property Group</a> has submitted plans for their luxury tower in Miami.

They're sticking with the name Nalu, which is the name of the current holiday block that was developed as Nobby's Outlook in the 1970s. It currently&nbsp;comprises four connected two-level buildings with 46 two and three-bedroom apartments, most recently operated as long-term rentals.&nbsp;

Monaco Property Group, directed by Jonathan Grasso and businessman Jay McPhee, has had <a href="/architects/koichi-takada-architects">Koichi Takada Architects</a>&nbsp;work with&nbsp;<a href="/architects/bda-architecture">BDA Architecture</a>&nbsp;to create 46 apartments across a striking curved tower at 122 Marine Parade.

The two architecture firms shared in their design statement submitted to the Gold Coast City Council that Nalu "embraces the Miami context of lush landscape, open architecture, beachfront living and active lifestyle."

<img alt="Nalu, Miami" data-entity-type="file" data-entity-uuid="50b74b21-c3ea-42c3-ba65-6f1b7fd3c56e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Nalu%20perspective.png?VersionId=n8P7qlmWIDksyPI5W1nu3dzH8gghR8g5" />

They said the building has&nbsp;been positioned to open out to the ocean, but also blend with the mountain behind.

The mostly four-level building, with a partial fifth level for private rooftop terraces in the more premium apartments, has been designed in a U-shape so the communal spaces face the ocean. Residents will have access to a central resort-style pool, lounge,&nbsp;gym, yoga area, hammam, steam rooms, and hot and cold plunge pools.

<img alt="Nalu" data-entity-type="file" data-entity-uuid="385f9b8c-758b-4e01-b559-d6ed4a8c3862" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-28%20at%203.37.34%E2%80%AFPM.png?VersionId=PPq9s1gOeBH_h4g6mwMWEkIzt1cv6FSP" />

The 46 two, three, four and five-bedroom apartments have been designed to maximise views, ventilation, and solar protections, while also protecting the privacy of the residents.&nbsp;Each apartment features expansive wrap-around balconies that serve as outdoor living areas.

One basement level will provide parking for 139 residential vehicles and eight visitor vehicles, which will access Nalu from porte-cochère entrance on Fraser Avenue.

<img alt="Nalu" data-entity-type="file" data-entity-uuid="dea65c52-f139-43e3-b569-f7ed6c5eadcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-28%20at%203.37.29%E2%80%AFPM.png?VersionId=.PiTs6LGsPeYvXNOcMfx09t3pPJUA.ad" />

On the site acquisition, Grasso said the site was one of the&nbsp;best beachfront development sites on the eastern seaboard of Australia.

“The site is not only one of the largest beachfront development sites on the&nbsp;<a href="/developments/gold-coast-qld" target="">Gold Coast</a>, but its position overlooking&nbsp;<a href="/buildings/the-beachfront-buddina-84-85-pacific-boulevard-buddina-qld-4575" target="">the beachfront</a>&nbsp;and close proximity to the heart of Nobby Beach provides a truly unique opportunity for our team to create an incredible residential development that will be a legacy for years to come.”

On the site acquisition, Grasso said the site was one of the best beachfront development sites on the eastern seaboard of Australia.

First look: Monaco Property Group reveals plans for new luxury Miami apartment development

Following the successful Long Pocket townhouse development in Indooroopilly, developer Shayher Group has filed plans for its next installment of new dwellings in the area, just next door.

The new project at <a href="/new-apartments/34-jacaranda-place-indooroopilly">34 Jacaranda Place</a>, across the road from Jacaranda Place Reserve and adjacent to Handel Street Park, will comprise two low-rise buildings with&nbsp;76 two and three-bedroom apartments. The apartments are split into two different buildings, Parkview and Riverview, due to the orientation of the two structures on the 6,609 sqm site.

<img alt="Shayher" data-entity-type="file" data-entity-uuid="02a61e78-5829-442a-842d-5c45a9aadafd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-28%20at%201.22.24%E2%80%AFPM.png?VersionId=Pq.T57g2iDyGL0iZ9LTSYe8OA4evnj2d" />The Parkview apartments. Image credit: JHA

Brisbane architecture firm JHA said in their Architectural Design Report that was submitted to Brisbane City Council last week that the&nbsp;architectural vision for this development is to "create a harmonious blend of elegance and functionality that resonates with the surrounding natural landscape."

"Inspired by the gentle flow of the Brisbane River, the design features soft curves and fluid lines that evoke a sense of movement and connection with nature. This fluidity is intended to reflect the tranquil ambiance of the nearby park and reserve."

<img alt="Jacaranda" data-entity-type="file" data-entity-uuid="381e7689-7b10-4837-956f-18acf0de780f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-28%20at%201.22.11%E2%80%AFPM.png?VersionId=ECMzpkpW1c4A.tNsFMsldWNrJ53NhrrX" />The Riverview apartments. Image credit: JHA

There was a pre-lodgement meeting held between Shayher and the Brisbane City Council which stated the&nbsp;proposed land use for a medium-density residential development is supported and consistent with the existing approvals in effect over the site.

The Council did suggest that both the buildings, which approach 60-metres in length, are "not sufficiently broken up to reduce the apparent bulk." They suggested several options, to either steep the building levels up towards the Brisbane River, or tweak some of the setbacks.

Future residents of the new project will have access to a rooftop amenity level with an infinity pool atop the Riverview building and an outdoor lounge setting and yoga lawn crowning the Parkview block.

<img alt="Shayher" data-entity-type="file" data-entity-uuid="95e80dc0-ef7c-4955-b6d7-7167f822b0d1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-28%20at%201.22.39%E2%80%AFPM.png?VersionId=t2asBpt5jshfMGbvLMGMVpZvXgakaPbM" />

Shayher finished Long Pocket, 45 four-level townhouses next door, in 2024.

They have another multi-stage masterplan, the Bulimba Barracks redevelopment which is starting to gather momentum. Last year they <a href="/news/qld/first-look-exclusive-shayher-group-file-for-first-stage-of-bulimba-barracks">filed plans for the first residential stage</a>.

First look: Shayher Group reveals next Indooroopilly stage

Approaching a sell-out of its debut Gold Coast apartment development The Rochester, developer Polycell has its eyes firmly set on its next project.

They've secured approval for a 59-level tower which will be a redevelopment of the&nbsp;the landmark Voyager Resort&nbsp;at <a href="/new-apartments/167-old-burleigh-road-broadbeach">167 Old Burleigh Road</a>. Polycell acquired the timeshare building, and its valuable 2,076 sqm corner block that also fronts Elizabeth Avenue, for nearly $45 million in 2022.

They had Gold Coast firm <a href="/architects/bda-architecture">BDA Architecture</a>&nbsp;design the tower which will feature&nbsp;glazed façades and coastal-inspired curves to reflect the surrounding Gold Coast landscape.

One of the standout features of the approved design is its emphasis on preserving the site’s existing natural elements, particularly the iconic Norfolk pines lining the street front.&nbsp;

<img alt="First look exclusive: Polycell set sights on new Broadbeach apartment development" 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/Screenshot%202024-11-25%20at%203.01.52%E2%80%AFPM.png?VersionId=4YWlAMLRDSdyWaSlcEH0907f3FGkDH5v" />

BDA Architecture described the design as “coastal tactility infused with a sub-tropical vernacular,” echoing the organic textures of the local landscape.

The podium will reflect a layered material palette and gently undulating forms that complement the surrounding urban and natural environments.

The development will house 130 apartments, ranging from two to five bedrooms. The approved mix includes 32 two-bedroom, 79 three-bedroom, 15 four-bedroom, and four five-bedroom apartments.&nbsp;

The four sub-penthouses and the sprawling two-level penthouse will feature a private cinema, a state-of-the-art gym with plunge pools, and a 14-metre lap pool.

Each level will be home to no more than three residences, ensuring privacy and exclusivity.&nbsp;

<img alt="First look exclusive: Polycell set sights on new Broadbeach apartment development" 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/3.png?VersionId=LypE2LoIU.Bp5kZCqi0BGdK_ME3CVAPI" />

The development will also feature extensive resort-style amenities across both the podium and upper levels. These include two swimming pools on the podium, daybeds, barbecues, a yoga and Peloton room, sauna and spa facilities, a games room, and a suite of wellness areas.

On levels 38 and 39, residents will enjoy a members-only ‘Club Lounge,’ complete with a zen lounge, tea bar, library, cinema, personal training gym, wine storage, private dining rooms, and more.

The new project is similar in density to <a href="/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach">The Rochester</a>, which is nearly sold out of its 182 apartments on Surf Parade.&nbsp;

Polycell is&nbsp;also actively acquiring sites across the area, including recent buyouts at the <a href="/news/qld/first-look-exclusive-polycell-set-sights-on-new-broadbeach-apartment-development">Sandpiper apartment building</a>.

The new project is similar in density to Polycell's The Rochester, which is nearly sold out of its 182 apartments on Surf Parade. 



First look: Polycell approved for next Broadbeach apartment development

Monaco Property Group has acquired the Miami holiday destination Nalu for $70 million in one of the biggest residential deals on the Gold Coast in 2025.

The acquisition by Monaco Property Group, a Gold Coast company associated with seasoned developer Jonathan Grasso and Australian businessman Jay McPhee, positions the group to create a landmark beachfront project on a site that has been a popular drawcard for locals and holidaymakers for decades.

Formerly known as Nobby’s Outlook and originally developed in the early 1970s,&nbsp;Nalu comprises 46 two and three-bedroom apartments that are currently offered as long-term rentals.

It consists of four connected two-level buildings in a square configuration that includes a central recreation area with two swimming pools, and underwent a major refurbishment in 2019 after which it was renamed Nalu – a Hawaiian word that translates to ‘wave’.

The property benefits from an idyllic location fronting Thorn Park and Miami North Beach while offering 80 metres of uninterrupted ocean frontage and a central location which is just a short stroll from the popular Nobby Beach retail and dining precinct.

Monaco Property Group is leveraging its extensive development expertise to reimagine the expansive 7,238 sqm site, with the company currently laying plans for an ultra-luxury new residential development that takes advantage of its unique location in one of the most sought-after coastal enclaves on the Gold Coast.

Among the latest high-profile developments undertaken by Monaco Property Group is the $114 million award-winning Capri Villas, a collection of 48 architecturally designed villas at Isle of&nbsp;Capri on the central Gold Coast, which are due for completion in Q3 of this year.

“We’re extremely excited to have secured Nalu, one the best beachfront development sites on the eastern seaboard of Australia,” Grasso said.

“The site is not only one of the largest beachfront development sites on the Gold Coast, but its position overlooking the beachfront and close proximity to the heart of Nobby Beach provides a truly unique opportunity for our team to create an incredible residential development that will be a legacy for years to come.”

Nalu was secured by Monaco Property Group through an off-market deal in which the company dealt directly with the vendor. Monaco Property Group plans to lodge a development application for the site with the Gold Coast City Council.

“We are very excited to be working up plans for a truly world class project on such a unique site with an incredible 80 metres of beach frontage, which is certainly a rarity on the eastern seaboard of Australia,” Grasso added.

“It’s a property that locals know well, which is why we have decided to retain the name Nalu as it reflects the vision we have for this property. It’s very rare to have a site bound by two natural assets, being the pristine beach frontage and the lush elevation of Nobbys Hill and Lions Head Park. In line with our founding philosophy, our plans for Nalu will be defined by a commitment to quality, legacy, incredible landscape, world-class amenity and wellness, and an architectural statement of excellence.”

Located at 122-130 Marine Parade, Nalu backs onto Nobbys Hill and the untouched natural beauty of Lions Head Park to the west, while offering ocean views to the Miami North beachfront and south to Coolangatta and Rainbow Bay.

Nalu was secured by Monaco Property Group through an off-market deal in which the company dealt directly with the vendor

Monaco Property Group pays $70m for Miami site, plots luxury apartment development

Leading Australian development manager, <a href="/developers/fortis">Fortis</a>, is continuing to make its mark on the luxury apartment market in Melbourne's best suburbs.

Fortis, the development arm of real estate investment giant Pallas Group, has commenced construction on Richmond Square in Richmond, one of Melbourne's most vibrant and tightly-held inner city suburbs, which has seen a shortage of new apartment developments in recent years.

<a href="/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a>, located on Wiltshire Street, just one row back from the iconic Swan Street and a stone's throw from East Richmond Station, will comprise 52 generously-sized, two- and three-bedroom apartments across an 11-level building crafted by <a href="/architects/sjb-architects">SJB</a>, with interiors by <a href="/architects/hecker-guthrie">Hecker Guthrie</a>.

Construction is well underway, with significant progress made across the basement levels. Two tower cranes are now in operation, forming a visible part of Richmond skyline and supporting the vertical build as the structural core begins to rise above the hoarding.

The project is being delivered by <a href="/builders/hacer-group">Hacer Group</a>, a well-established local construction firm with a track record of delivering&nbsp;several high-quality apartment developments like Victoria Hill in Camberwell and Como Terraces in South Yarra.

[smartcode_project:default project_id=13181 project_image_fid=341429]

Carmine House has been designed to reflect Richmond’s industrial character, immediately obvious from its striking facade, which combines red brick, concrete, and glass.

The interiors are defined by natural materials, mirrored cabinetry, and accents of heritage green, while large balconies frame uninterrupted views of the CBD skyline.

[smartcode_project:default project_id=13181 project_image_fid=341427]

Kitchens are anchored by a wide stone island bench, creating another dining and entertaining space. The kitchens are fitted with high-end V-Zug appliances.

Every apartment features a main bedroom with built-in robes and an ensuite with a separate shower and bathtub, finished with the finest marble and floor-to-ceiling tiles.

[smartcode_project:default project_id=13181 project_image_fid=341430]

Fortis has prioritized creating a resident community within Carmine House, with several opportunities for neighbours to gather outside of their apartments, yet still in the comfort of their own building.

The amenities have been strategically positioned on the roof to take advantage of the sweeping views across Melbourne.

[smartcode_project:default project_id=13181 project_image_fid=341436]

The rooftop, surrounded by extensive landscaping by ACRE, will feature an outdoor picnic lawn, BBQ, pizza oven, and bookable private dining and events spaces.

Completing the roof will be another indoor kitchen, part of a bookable private dining and entertaining space.

[smartcode_project:default project_id=13181 project_image_fid=341437]

Richmond Square will also include 4,000 sqm of premium strata office space across two podium levels, located beneath the residences. At the heart of Richmond Square, a thoughtfully curated retail and dining precinct will provide residents and locals with a dynamic community hub

Enhancing this convenience, Carmine House is positioned just 200 meters from the nearest café and within easy walking distance of Swan Street’s lively mix of restaurants, bars, and boutique retailers.

Excellent public transport links, including nearby train stations and multiple tram stops, further connect residents to the broader&nbsp;<a href="/developments/melbourne-vic">Melbourne</a>&nbsp;CBD and beyond.

Hacer is forecasting a late 2026 completion of Richmond Square. Buyers can save thousands by purchasing before the end of October. In October 2024, the VIC Government announced it would abolish stamp duty for new and off the plan apartment buyers until October 30, 2025.

Jellis Craig Projects Director, Stephen Bowtell, is marketing Richmond Square.

[smartcode_project_cta:default project_id=13181]

Fortis advances construction on Richmond Square

Sekisui House Australia has released the first images inside what will be the final tower in their $1.2 billion West End masterplanned community.

<a href="/new-apartments/callista-on-park-west-end-49-mollison-street-west-end">Callista on Park</a>&nbsp;is the final release within Brisbane’s iconic West Village - a village <a href="/developers/sekisui-house-australia">Sekisui House Australia</a> has been developing for the best part of a decade.

It's the most high-end tower to date. The&nbsp;14-level building, designed by <a href="/architects/rothelowman">Rothelowman</a>, introduces a new standard of apartment living to the neighbourhood, with premium finishes and fittings, rooftop amenities, and direct access to Brisbane’s most vibrant cultural and culinary scenes.

[smartcode_project:default project_id=134800 project_image_fid=341715]

The apartments will feature natural materials and engineered timber flooring. Expansive living areas, framed by full-height glass and generous balconies, bring in an abundance of natural light and parkland or city views.&nbsp;

Kitchens are fitted with top-of-the-range appliances, bespoke cabinetry, and stone benchtops. Residents can choose from light or dark interior palettes and will enjoy 2.7-metre ceilings, loop-pile carpets in bedrooms, soundproof windows, and ducted and zoned air conditioning.

[smartcode_project:default project_id=134800 project_image_fid=341713]

One of Callista’s most compelling features is its rooftop retreat—a reimagined communal space designed for both relaxation and connection.&nbsp;

Panoramic views of the Brisbane CBD stretch across a rooftop garden outfitted with extensive landscaping, cabanas, and pockets of wildflowers.&nbsp;

The rooftop also boasts a swimming pool and spa, two undercover BBQ areas, a private dining room with a chef-grade kitchen, and a residents’ lounge, making it a perfect venue for both intimate gatherings and larger celebrations.

[smartcode_project:default project_id=134800 project_image_fid=341716]

Living at Callista on Park also means having <a href="/developments/west-end-qld-4101">West End</a>’s dynamic lifestyle offerings within arm’s reach. With a Walk Score of 99/100, residents are surrounded by over 35 boutique retailers, dining venues, and wellness services.

The cultural richness of the Metro Arts Precinct and the proximity to South Bank’s performing arts and gallery spaces further elevate the lifestyle on offer.

Educational institutions, medical facilities, and multiple transport options—bus, train, and CityCat—ensure seamless connectivity to the rest of Brisbane. Meanwhile, expansive parklands and riverside walks promise tranquility just steps away from urban excitement.

The name “Callista,” derived from the Greek word for “most beautiful,” pays tribute to West End’s rich Greek heritage, while "on Park" speaks directly to its coveted location—fronting Mollison Park, a leafy public square known for lively community events.

[smartcode_project:default project_id=134800 project_image_fid=330244]

Over the past nine years, Sekisui House Australia has reimagined the historic Peters Ice Cream Factory site into West Village.&nbsp;

With nearly 60 accolades to its name, including the prestigious ULI APAC Award for Excellence in 2022, the precinct is now nearing completion, culminating in the launch of Callista on Park.

Three and four-bedroom residences at Callista on Park are now selling, with prices starting from just over $2.6 million.

[smartcode_project_cta:default project_id=134800]

Three and four-bedroom residences at Callista on Park are now selling, with prices starting from $2.6 million.

First look inside West Village's crowning glory, Callista on Park

The NSW Government is steadily releasing new projects that are being declared as&nbsp;State Significant Development following recommendations from the Housing Delivery Authority (HDA).

There are a mix of regional and Sydney Metro projects which are being released every few weeks.

The early April update was for 20 projects.

The most notable was for the redevelopment of&nbsp;203-225 Victoria Street, Potts Point, home of the Potts Point Holiday Inn since 1985 and next door to the iconic Kings Cross Hotel.

The brief update from the Ministerial Order was for "the purpose of mixed-use development comprising commercial premises, tourist and visitor accommodation and residential accommodation with provision of affordable housing."

The Holiday Inn has been owned by property funds management giant Salter Brothers since 2023 when they acquired the hotel portfolio from IHG Hotels.

It was reported at the end of last year that Salter could list its $2 billion hotel portfolio on the ASX.

It would be another mixed-use development in the entry to Potts Point following the completion of Omnia, the luxury 20-level glass tower with 135 apartments, in 2018.

The most recent update from the NSW Government was just a few days ago when they added another 14 projects to the list, nine&nbsp;in metropolitan Sydney and five in regional NSW. If lodged and approved, the projects could create more than 4,200 homes across New South Wales.

The recent tranche of projects includes a 63-unit development at 307-315 Parramatta Road in Leichhardt.&nbsp;

Three projects are in Chatswood;&nbsp;12-14 Malvern Avenue, 5-7 Havilah St, Chatswood, and 815 Pacific Highway, Chatswood.

The new Castle Hill apartment development by UAE-based property giant Arada has been fast-tracked. Arada has signalled a $2.5 billion commitment to Sydney housing, with ambitions to add 2,500 dwellings across the region.

Their Castle Hill project, across Carrington Road, Middleton Avenue, Fishburn Crescent and Sexton Avenue, will have around 350 apartments designed by Woods Bagot.

Among new projects from Ryde to Wollongong is Woolworths' Neutral Bay mixed-use development at&nbsp;<a href="https://www.theurbandeveloper.com/articles/fabcot-north-shore-shoptop-neutral-bay-nsw">1-7 Rangers Road &amp; 50 Yeo Street</a>.

<img alt="Neutral Bay" data-entity-type="file" data-entity-uuid="64cefcb2-3dde-4889-9f50-9287129eded2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-23%20at%2011.12.53%E2%80%AFAM.png?VersionId=0ULgIC775B8KpKQn40wYxJiwRUAvX6_p" />

Despite North Sydney Council's objections, the Sydney North Regional Planning Panel granted gateway approval, noting the proposal’s alignment with strategic housing goals.&nbsp;

The mixed-use development, anchored by a full-line Woolworths, will have 90 one, two and three-bedroom apartments, ground-level retail, and 2,420 sqm of office space.

To date, 78 proposals amounting to more than 32,100 potential homes have been declared state significant. Since the formation of the HDA, 15 projects have had Secretary Environmental Assessment Requirements issued. Recommendations from the HDA are published as required under the Environmental Planning and Assessment Act 1979 before the SSD declaration.

This is all part of the Minns Government’s plan to build a better NSW with more homes and services, so young people, families and key local workers have somewhere to live and in the communities they choose.

Potts Point Holiday Inn part of new State Significant Developments revealed by the NSW Gov

Sydney-based P&amp;N Sleiman Group is the latest developer to descend on the booming Sunset Boulevard riverfront in Surfers Paradise.

<a href="/builders/pn-sleiman-group">P&amp;N Sleiman Group</a>, who was recently approved for a trio of towers in Burwood in Sydney's west, has filed for a 29-level tower at 52 Sunset Boulevard, one of four new towers to be submitted on the street in the last 12 months.

They're proposing 62 apartments, above four levels of basement parking.

<img alt="52 Sunset Boulevarde pool" data-entity-type="file" data-entity-uuid="16e27978-c828-46f1-bed5-aaa554c23ed3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/52%20Sunset%20Boulevarde%20pool.png?VersionId=HnIMUQbncxNaSzDKB1hZ8_eWlWsVjrmS" />

The apartment mix features two, three, and four-bedroom configurations, as well as two double-level penthouses, each boasting private rooftop terraces with plunge pools.

There will be a gym, lounge, barbecue area, and infinity-edge pool on the third level for residents.

DBI designed the tower with a&nbsp;recessed central core and soft material palette, which they say "creates a building that is as elegant as it is bold." They said it would have a "refined presence on a street that’s quickly becoming a showcase for architectural ambition."

<img alt="52 Sunset Boulevarde rooftop" data-entity-type="file" data-entity-uuid="a80efc7b-284b-4ed2-8723-ea197e7fa9f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/52%20Sunset%20Boulevarde%20rooftop.png?VersionId=WjcRmRfYuuGzOkqfcnheBCvSQ6L8qazF" />

Sunset Boulevard has been in vogue since Roy Skaf's Macquarie York filed, and secured approval, for Sunset Residences, next door to the new plans at 50 Sunset Boulevard. Sunset Residences will have 43 apartments across a 17-level tower.

Another Sydney-based developer, YHY Group, filed plans a few doors down for a 33-level tower with 74 apartments, one being the&nbsp;<a href="/news/qld/first-look-the-gold-coasts-largest-penthouse-pitched-for-new-surfers-paradise-tower">Gold Coast's largest ever penthouse</a>. That's across a triple site combining 56, 58 and 60 Sunset Boulevard.

A private developer also has plans with the Gold Coast City Council for a 17-level, 30-unit tower at <a href="/new-apartments/15-sunset-boulevard-surfers-paradise">15 Sunset Boulevard</a>, just two apartments per floor.

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