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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

Summary:

<ul>
	<li>TOGA launches final residences at Surry Hills Village</li>
	<li>Marriott Terraces brings modern floorplans to inner-city terrace living</li>
	<li>Live next door to Wunderlich Lane, Sydney's hottest hospitality precinct</li>
</ul>

<hr />
In a city where real estate is as much about lifestyle as it is about location, few offerings stand out quite like the final release at TOGA's <a href="/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a>.

The builder-developer, who completely transformed the former Surry Hills Shopping Village into the most thriving mixed-use residential and hospitality precinct in Sydney, has revealed Marriott Street Terraces, the final three terraces in the landmark development.

<a href="/architects/sjb-architects">SJB</a> Director Adam Haddow has reimagined the traditional Sydney terrace, paying homage to the classic inner-city form while infusing contemporary finishes and functionality.

[smartcode_project:default project_id=9302 project_image_fid=342094] 
 
Each terrace boasts a distinct facade on Marriott Street, an intentional detail that underscores the sense of individuality. SJB cleverly flipped a traditional floorplan upside down, so the main living space sits above the streetscape.

The three bedrooms, including a master suite with walk-through wardrobe and ensuite, are located on the entry level of the terrace. There are two sets of stairs to access the second level, either internal or external through the landscaped ground floor courtyard.

[smartcode_project:default project_id=9302 project_image_fid=342098]

Much like the design of the apartments, the statement kitchen is the focal point of the terraces, finished in lustrous Pietra Verde and sintered stone. Designed for entertaining as much as cooking, the kitchen features top-of-the-line Sub-Zero and Wolf appliances, a functional scullery, and a sculptural kitchen island that acts as a dividing point between the kitchen and the adjoining living and dining space.

[smartcode_project:default project_id=9302 project_image_fid=342097]

Each living room features a fireplace and a discreetly located cocktail bar with Sub-Zero wine fridge, tucked away behind leather-bound pocket doors.

The kitchen opens to an adjoining terrace with a built-in Wolf barbecue and an adjoining alfresco terrace, oriented to the west to catch the evening sun. Each terrace also comes with private parking and additional storage.

[smartcode_project:default project_id=9302 project_image_fid=342096]

TOGA's Head of Sales, Anthony Falas, says the&nbsp;Marriott Street Terraces offer a rare opportunity to own a home that seamlessly blends luxury design with an exceptional location.

"Every detail, from spacious living areas to sophisticated finishes, has been crafted for modern living.

"With only three terraces remaining, this is an exclusive chance to secure a prestigious residence.”

[smartcode_project:default project_id=9302 project_image_fid=342101]

The Marriott Street Terraces are the final piece in the puzzle of Surry Hills Village, a vision that began in 2016 when TOGA secured the aging shopping mall.

All of the venues are now open in Wunderlich Lane, the most talked-about hospitality precinct in inner Sydney. The Marriott Terraces are less than 100m to 25 speciality bars, restaurants, food purveyors, and retailers, from Harris Farm and Vintage Cellars to Olympus Dining and Bar Julius.

[smartcode_project:default project_id=9302 project_image_fid=342091]

Further than what’s offer on Wunderlich Lane, Marriott Street Terraces are tucked away off Cleveland Street, the dividing road between <a href="/developments/redfern-nsw-2016">Redfern</a> and <a href="/developments/surry-hills-nsw-2010">Surry Hills</a>. Across Cleveland Street is the southern end of Crown Street, considered one of Sydney’s best streets for nightlife.

Marriott Street Terraces represent the last chance to buy into what is fast becoming a Surry Hills landmark.​

[smartcode_project_cta:default project_id=9302]

First look: Last chance at Surry Hills Village as TOGA launches luxury terrace collection

Summary:

<ul>
	<li aria-level="1">LUMA, a project by Development Victoria, is an established community in the growing Sunshine North area</li>
	<li aria-level="1">Residents have begun moving into their homes as part of the first stage</li>
	<li aria-level="1">Willbowbark Park has been completed and officially opens this month</li>
	<li aria-level="1">Stage 2 is now selling and construction of homes has commenced</li>
</ul>

<hr />
<a href="/developers/development-victoria">Development Victoria</a> has started to welcome the first residents at its burgeoning <a href="/developers/development-victoria">Sunshine North</a> masterplanned community, <a href="/new-townhouses/luma-sunshine-north-247-st-albans-road-sunshine-north">LUMA</a>.

Development Victoria, the development arm of the Victoria Government, sold out the first stage of the community, located halfway between Ginifer and Albion Stations.

They’ve recently started construction on the second stage, a mix of 85 one, two, three, and four-bedroom townhouses, purposefully varied in configurations which have drawn the eye of everyone from first home buyers and investors to young families and downsizers.

[smartcode_project:default project_id=27783 project_image_fid=286483]

The homes at LUMA are designed with a focus on sustainability and are all-electric, featuring solar PV with battery storage, double-glazed windows, and a minimum 7-star <a href="/guides/what-is-a-nathers-rating-in-new-off-the-plan-apartment-developments">NatHERS</a> energy rating.

Development Victoria ensured the first residents to call LUMA home would already be part of a community. As part of the first stage is the 3,600 sqm Willbowbark Park, set to open in April. The park, a short walk from the townhouses in the first two stages at LUMA, will have a fully equipped children’s playground, a sheltered BBQ, picnic area, and large grass expanses, met with clusters of retained established trees.

[smartcode_project:default project_id=27783 project_image_fid=96894]

Plans for a pedestrian and vehicle bridge over Stony Creek via Metherall Street will further connect LUMA to the surrounding neighbourhoods, while following stages will include the future development of a commercial and retail precinct within the masterplan.

Positioned near the proposed Sunshine Precinct, LUMA will benefit from significant infrastructure projects, including the future Sunshine Station Superhub, Melbourne Airport Rail, and the Western Rail Plan, enhancing connectivity to Melbourne’s CBD, the airport, and regional areas.&nbsp;

[smartcode_project:default project_id=27783 project_image_fid=255556]

The broader Sunshine Precinct is expected to become a major employment and innovation hub, supporting up to 45,000 jobs and 70,000 residents.

Development Victoria is a government agency partnering with industry and communities to create sustainable, liveable places for people. They unlock underutilised land to deliver housing across Victoria, from house and land communities in Officer and Springvale, to mixed-use precincts in Fitzroy and Kew. They build a variety of homes and communities where people can thrive while catering to different budgets, lifestyles and needs so that more people can live where they want to be at prices they can afford.

To make home ownership more accessible, Development Victoria is offering a low-deposit scheme. Buyers can secure a home at LUMA with just a 2.5 per cent deposit upfront, with a further 2.5 per cent required up to six months after signing the contract.&nbsp;

With no progress payments required during construction, this initiative aims to provide more Victorians with the opportunity to enter the property market in a well-connected and growing community.&nbsp;

A Priority Access Program is also in place, providing eligible buyers with an early opportunity to secure homes before they are made available to the broader market.

[smartcode_project_cta:default project_id=27783]

Residents start to move into Development Victoria’s LUMA Sunshine North community

Summary:

<ul>
	<li aria-level="1">Olio, a project by Development Victoria, is an established masterplanned community&nbsp;in Officer in Melbourne’s South East Growth Corridor</li>
	<li aria-level="1">Over 200 residents already call Olio home after the recent completion of Stage 1 townhomes</li>
	<li aria-level="1">Olio Park is now complete for residents and the wider community to enjoy</li>
	<li aria-level="1">Walking distance to Officer train station and the future <a href="/developments/officer-vic-3809">Officer</a> Town Centre</li>
	<li aria-level="1">Stage 2 homes are now selling from $485,000*</li>
</ul>

<hr />
<a href="/developers/development-victoria">Development Victoria</a> is offering a range of affordable and sustainable townhouses at its Officer community, <a href="/new-townhouses/corner-of-bridge-road-and-coxon-street-officer">Olio</a>.

As the development arm of the Victorian Government, Development Victoria is creating an entirely new community in the heart of Melbourne’s South East Growth Corridor— a community that incorporates all the essential elements of modern living.

[smartcode_project:default project_id=84641 project_image_fid=211733]

The developer has already completed the first stage of Olio, which includes over 90 homes and a brand-new park. The second stage, like the first, will be delivered by the reputable townhouse builder Sienna Homes and offers a range of two, three, and four-bedroom townhouses, priced from $485,000 to $642,500—much more competitively priced than new developments in neighboring areas.

These all-electric townhouses are designed with a strong emphasis on sustainability, featuring a 3kW solar PV system and double-glazed windows, ensuring a minimum 7-star NatHERS energy rating.

[smartcode_project:default project_id=84641 project_image_fid=211739]

The double-storey designs prioritize open-plan and flexible living, with a range of floorplans available.

The community is already thriving, with a diverse mix of first home buyers, young families, and downsizers calling Olio home.&nbsp;

[smartcode_project:default project_id=84641 project_image_fid=211734]

Development Victoria also contributed to the revitalization of Gum Scrub Creek, allowing Olio residents to connect to the waterway, now bordered by public open spaces. The second stage of Olio will add around 135 more townhouses.

The strategic location of Olio, on the corner of Bridge Road and Coxon Street, places residents directly across from Officer Station, offering a direct train into Melbourne in just under an hour. Olio is also within walking distance of the future Officer Town Centre, which will bring more commercial and retail offerings, including a supermarket, specialty shops, and services, to the area.

Officer already boasts One Centre Square, a small commercial precinct with several restaurants, a gym, a grocer, and the One Centre Square Medical Hub, all located just minutes from Olio.

[smartcode_project:default project_id=84641 project_image_fid=211735]

Given the population growth forecast for the area, development in <a href="/developments/officer-vic-3809">Officer</a> is a priority. The population of Officer, which was 14,708 at the 2021 census, is expected to more than double by 2031, reaching over 34,000 in the next six years.

Development Victoria is a government agency partnering with industry and communities to create sustainable, liveable places for people.

They unlock underutilised land to deliver housing across Victoria, from house and land communities in Officer and Springvale, to mixed-use precincts in Fitzroy and Kew.

[smartcode_project_cta:default project_id=84641]

Development Victoria is a government agency partnering with industry and communities to create sustainable, liveable places for people.

Olio Officer: Connected and affordable living in Melbourne's south east growth corridor

Sydney rich-lister Ian Malouf has launched a sales campaign for the three-level spread atop his completed Broadbeach apartment development, REMI Residences.

The REMI Residences penthouse on Surf Parade spans 1,200 sqm and features six bedrooms, two of which are in a self-contained apartment, and a&nbsp;wine cellar with a dedicated tasting room.

The private rooftop is the standout, complete with a swimming pool and a rooftop pickleball court, the first in the world.

<img alt="REMI" data-entity-type="file" data-entity-uuid="35123635-971e-40d7-83ea-f4eed18c858e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-07%20at%201.35.44%E2%80%AFPM.png?VersionId=Z2aGQZJXp6zRBjKX8hDAlSPGnUZh3hVc" />

&nbsp;

“This development reflects what we like in our yachts and residences in scale, design, finishes and artwork," Malouf said.

"Our objective was to create a world-class penthouse."

Highland agent Hanan Cawley says there is no completed luxury penthouse product of this calibre currently available in the central Gold Coast.

“This is a rare chance to experience and purchase an ultra-luxury residence that is not just conceptual, but fully complete and ready to occupy.”

<img alt="REMI" data-entity-type="file" data-entity-uuid="a61367ab-e871-41e7-90ac-73527cbb8159" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-07%20at%201.36.11%E2%80%AFPM.png?VersionId=EaD7T5imi7.l5FagOMUJj5OPLFtC.o5z" />

&nbsp;

REMI Residences, completed last year, features a suite of five-star amenities including spa treatment rooms, saunas and steam rooms, hot and cold plunge pools, and a 15-metre lap pool.

David Highland, CEO of Highland Property, said the REMI penthouse is&nbsp;one of the most remarkable penthouses he's seen anywhere in the world.

&nbsp;

“It’s not just the size and scale—it’s the lifestyle, the finish, the readiness. Ian’s created something truly iconic here.”

[smartcode_project_cta:default project_id=144831]

&nbsp;

“This development reflects what we like in our yachts and residences in scale, design, finishes and artwork," billionaire Ian Malouf said.



World-first rooftop pickleball court crowns new Gold Coast penthouse

International DJ Paul Fisher and his wife Chloe have revealed their much-anticipated Palm Beach apartment development, <a href="/new-apartments/pescado-palm-beach-229-jefferson-lane-palm-beach-qld-4221">Pescado</a>.

The $50 million development, on the dress circle Jefferson Lane, is being developed by the Fishers new development company, YLB Property Developments, and will home just seven ultra-luxury apartments designed by the Fishers and BDA Architecture.

The Fishers, who intend to retain the two-level penthouse, have already appointed Gold Coast construction company HNKN to build Pescado.

[smartcode_project:default project_id=149651 project_image_fid=342040]

Located at 228-230 Jefferson Lane, Palm Beach, Pescado will be designed as a tranquil retreat, offering a seamless blend of architectural sophistication and relaxed beachside living.

Designed in collaboration with leading BDA Architecture, Pescado will set a new standard for premium, low-density living, offering just six full-floor residences and an expansive two-level penthouse in the eight-level building.

Fisher, who has travelled extensively, describes Palm Beach as his personal retreat and the inspiration behind Pescado.

“After weeks on the road, all I can think about is getting home,” Fisher said.

“That feeling of calm, of being fully present, is what we want to bring to Pescado.”

[smartcode_project:default project_id=149651 project_image_fid=342042]

Each three-bedroom, three-bathroom home will feature expansive open-plan layouts, high-end finishes, and seamless indoor-outdoor living. Prices start from $5.25 million.

Designed with an emphasis on wellness, functionality and meaningful social spaces, the residence features a resort-style pool, gym, cold plunge, BBQ, and dining areas, encouraging a balanced lifestyle.

“Palm Beach is part of my DNA, and that’s reflected in Pescado’s design, which captures the natural rhythm and energy of the coastline – it’s wavy and groovy, just like my music,” Fisher added.

“We wanted to create a space where people can entertain, bring their friends over, and truly enjoy the coastal lifestyle.

“Pescado is not just another luxury development—it’s a deeply personal project for us. We’re not just building this place and moving on; this is our forever home. Every detail has been considered to ensure that Pescado is a special place, not just for us but for everyone who becomes part of this journey.”

[smartcode_project:default project_id=149651 project_image_fid=342044]

The name ‘Pescado’ – Spanish for ‘fish’ – is a nod to Fisher’s time in Ibiza, where the nickname stuck. Chloe Fisher, Co-founder of YLB Developments, has led the interior design direction, ensuring Pescado balances elegance with everyday comfort.

“Pescado’s interiors are designed to blend elegance with comfort to ensure it feels like a home, not just a house,” Chloe Fisher said.

“We’ve drawn influence from some of our favourite hotels around the world, with a strong focus on sustainability and liveability – and for me, it’s all about creating a true sense of home.

“We took inspiration from our homes in LA and Ibiza, using organic textures and neutral tones, with subtle pops of sage green and blush pink to give Pescado its own personality without overpowering the coastal feel.

“Functionality has remained at the forefront of the design. We’ve stayed in some of the most beautiful homes around the world, and yet, often we find that the high-end design doesn’t always translate to practicality."

Fisher said they&nbsp;wanted to ensure that every aspect of Pescado was purposeful and considered.

[smartcode_project:default project_id=149651 project_image_fid=342048]

The development team have worked alongside leading architects and designers to bring the project to life, ensuring the highest standard of craftsmanship and architectural integrity. BDA Architects has delivered a design that integrates contemporary coastal architecture with timeless interior appeal.

Darren Greenaway, Director of BDA Architects, said the wave-like façade was deliberately designed to reflect the transition from chaos to calm, with the architecture symbolising a journey from the noise of daily life into a private sanctuary.

“Pescado reinterprets the Gold Coast’s coastal vernacular with modern influences, using crafted brickwork, travertine, and expansive, light-filled spaces to ensure lasting elegance,” said Greenaway.

“Our goal was to incorporate a fluid, organic curvature into the façade so that when people look at Pescado, they experience the same sense of serenity they would watching the ocean.”

With approvals secured, sales are now underway, exclusively represented by Pezet Matheson.

Jayde Pezet, Managing Director of Pezet Matheson, said they anticipate strong demand for boutique beachside developments of this calibre.

“Pescado’s craftsmanship, prime location, and exclusivity will set it apart in the Palm Beach market," Pezet said.

“As interest in high-end, low-density residences continues to grow, Pescado is expected to become a defining addition to Palm Beach’s landscape—offering both prestige and enduring value.”

[smartcode_project_cta:default project_id=149651]

Fisher, who has travelled extensively, describes Palm Beach as his personal retreat and the inspiration behind Pescado.



DJ Fisher launches Pescado, luxury Palm Beach apartment development

Sekisui House Australia has revealed the premium sky home collection in Willow, their most recent release in the $2 billion Wentworth Point masterplan, Sanctuary.

The 48 apartments, on levels 20 to 28 of the new building, will offer expansive, uninterrupted views across Millennium Parklands, the Parramatta River, Sydney’s CBD, and out to the Blue Mountains.

The sky homes are part of the third stage of Sanctuary, two mid-rise buildings and a 28-level tower, to be developed around a&nbsp;podium lagoon pool, connected to an internal and external communal pavilion.

[smartcode_project:default project_id=6969 project_image_fid=228652]

Paul Wainwright, Senior Sales and Operations Manager – Apartment &amp; Mixed-Use Developments at Sekisui House Australia, said the sky homes represent the most aspirational collection released within the Sanctuary community to date.

“All upper-level residences have been designed to maximise breathtaking outlooks, with no risk of future obstruction," Wainwright says.

"These homes offer more space, higher finishes and a rare connection to the natural surroundings that is difficult to find in a city-edge location."

[smartcode_project:default project_id=6969 project_image_fid=228634]

The release comprises a mix of one, two, three, and four-bedroom apartments, with prices starting from $810,000 and reaching $4.5 million for the four-bedroom penthouse. The average apartment size is 93 sqm, with generous floorplans that prioritise natural light, privacy, and open living.

Designed by acclaimed architecture and design studio TURNER, Willow’s form is inspired by the flowing curves of the Parramatta River. Its distinctive terracotta façade graduates from darker shades at the base to lighter tones at the top, subtly defining the premium upper floors.

James McCarthy, Director at TURNER said the Sky Homes were conceived as residences immersed in nature and surrounded by sky.

“These upper levels have been carefully designed to offer a sense of calm elevation," McCarthy said.

"Curved bronze-toned batten screens filter light, add privacy and accentuate the tower’s sculptural form. Floor-to-ceiling glazing and expansive balconies invite the outdoors in, while maximising views in every direction.”

McCarthy said the&nbsp;architectural vision for <a href="/new-apartments/sanctuary-wentworth-point-willow-release-11-wattlebird-road-wentworth-point-nsw-2127">Willow</a> was shaped by the idea of a building growing out of its landscape.

"We conceptualised the architecture to feel like a natural extension of the parklands. The forms are soft and organic, drawing from the curvature of the river, while the material palette complements the surrounding waterfront and bushland.”

The design ensures a sense of privacy and openness, with no buildings directly facing one another.

“Each tower within the Sanctuary masterplan is intentionally offset to preserve view lines and avoid visual crowding. From the Sky Homes, residents will experience a feeling of peaceful separation, a real sense of being removed from the density of urban living,” James added.

“We’ve created rational, rectangular floorplates behind the sculptural forms, so while the buildings appear fluid, the interiors are practical and easy to furnish. It is a balance of emotional and spatial intelligence, the architecture stirs something in you, but it also just works.”

[smartcode_project:default project_id=6969 project_image_fid=228638]

&nbsp;

Positioned at the gateway to Millennium Parklands, Willow is also known as the ‘Green Heart’ of the Sanctuary masterplan, a secluded, peaceful setting surrounded by native bushland and water.

Residents will have exclusive access to a resort-style lagoon pool, outdoor entertaining spaces, landscaped podium garden, and a flexible indoor communal pavilion suitable for social gatherings, working from home, or quiet study.

Wainwright said buyer interest has been strong in the lead-up to the release.

“We are witnessing demand from both existing purchasers waiting for this collection and new buyers who value lifestyle, space, and quality. The express ferry to Barangaroo in just over 20 minutes, means residents can avoid traffic altogether, it is a key drawcard for busy professionals.”

When completed in 2030, Sanctuary will comprise around 2,000 homes, integrated parks, new public spaces, retail, and direct access to the future Parramatta Light Rail, helping transform <a href="/developments/wentworth-point-nsw-2127">Wentworth Point</a> into one of Sydney’s most connected waterfront communities. Residents are expected to move in by mid-2026.

[smartcode_project_cta:default project_id=6969]

When completed in 2030, Sanctuary will comprise around 2,000 homes, integrated parks, new public spaces, retail, and direct access to the future Parramatta Light Rail

Sekisui House Australia launches Willow skyhome collection in $2 billion Sanctuary masterplan in Wentworth Point

Summary:

<ul>
	<li aria-level="1">ANGLE’s Fernhurst in Kew progresses with COBEN appointed as builder and ANZ funding secured 
	&nbsp;</li>
	<li aria-level="1">The project offers eighteen apartments and three free-standing houses in tightly held Studley Park 
	&nbsp;</li>
	<li aria-level="1">Designed by Edition Office, the residences feature natural materials and generous outdoor spaces by Eckersley Garden Architecture 
	&nbsp;</li>
	<li aria-level="1">Located 300m from Kew Junction, with access to top schools and green spaces</li>
</ul>

<hr />
Design-driven developer <a href="/developers/angle">ANGLE</a> has reached two significant milestones with its recently unveiled Kew residential development, Fernhurst.

First, they have secured funding from ANZ, making it one of the few new residential developments in Melbourne backed by a Big Four bank. With financing in place and a significant percentage of homes already sold, ANGLE has appointed high-end builder <a href="/builders/coben">COBEN</a> to deliver a mix of apartments and freestanding houses in one of <a href="/developments/kew-vic-3101">Kew's most coveted locations</a>.

COBEN has already begun site works on the rare 4,000 sqm Fernhurst Grove site, nestled in the heart of the leafy Studley Park, where new development is exceptionally scarce.

<a href="/new-apartments/fernhurst-kew-11-15-fernhurst-grove-kew-vic-3101">Fernhurst</a> will feature just 18 apartments and three freestanding houses, all privately set one street back from the vibrancy and convenience of Kew Junction.

[smartcode_project:default project_id=138904 project_image_fid=326922]

Fernhurst marks another collaboration between ANGLE, COBEN, <a href="/architects/edition-office">Edition Office</a>, and <a href="/landscape-architect/eckersley-garden-architecture">Eckersley Garden Architecture</a>. The same team previously partnered on ANGLE’s Fenwick development in Studley Park, a multi-award-winning project just 700 meters from Fernhurst.

ANGLE prioritizes privacy in its designs. The large size of the site has allowed for generous setbacks, and extensive landscaping has been used to almost conceal the buildings from the streetscape.

[smartcode_project:default project_id=138904 project_image_fid=326892]

Edition Office and Eckersley Garden Architecture worked closely together to ensure that the design and articulation of the buildings complement, rather than compete with, the landscaping. The design highlights a strong connection to nature, with the brick façade seamlessly blending into the abundant greenery. The architecture conveys a sense of permanence, making the buildings appear as if they have been part of the streetscape for decades.

The apartments in Fernhurst feature spacious, open-plan living areas with a minimum ceiling height of three meters, designed to maximize natural light and create a seamless flow between indoor and outdoor spaces. Each of the two and three-bedroom apartments includes lush terraces or courtyards.

[smartcode_project:default project_id=138904 project_image_fid=326884]

True to ANGLE's ethos, the development prioritizes space and quality over density. Despite occupying a full acre site, the apartments are generously sized, with two-bedroom units starting at over 140 sqm—some of the largest two-bedroom apartments available in Melbourne. The three-bedroom apartments offer more than 200 sqm of true indoor-outdoor living space.

The interiors are crafted with a refined and tactile material palette, featuring European oak flooring, travertine tiles, and bespoke timber joinery. Kitchens are equipped with Gaggenau appliances and Brodware tapware, while bedrooms include Molteni&amp;C wardrobes and luxurious wool carpets.

[smartcode_project:default project_id=138904 project_image_fid=326839]

Fernhurst will also feature three unique freestanding houses. Two will be newly built, each with three bedrooms, a home office, four bathrooms, and garages. The third home is a grand heritage property that will be carefully restored and brought into the 21st century with a reconfigured floor plan, all while retaining its original façade.

<a href="/project-marketer/jellis-craig-projects">Jellis Craig Projects</a> Director Stephen Bowtell is selling Fernhurst, having sold out Fenwick before it completed in 2023.

"Fernhurst offers a rare opportunity for downsizers looking to live in Kew's historic Studley Park Estate," Bowtell says.

"It's not often a development in inner Melbourne combines such natural beauty and privacy, while also being so well connected to everything one of Melbourne's best suburbs has to offer. ANGLE, Edition Office and Eckersley Garden Architecture have come together again to bring what will be another landmark development in Kew for generations to come."

[smartcode_project_cta:default project_id=138904]

Builder appointed, ANZ funded: Inside Fernhurst, Kew's newest residences

The standard for amenities in new developments has drastically risen over the past decade, shifting from a focus solely on practical functionality to a holistic approach that considers how the entire building can enhance a resident’s lifestyle.

While a prime location provides inherent lifestyle advantages like proximity to dining and retail offerings, developers and architects are increasingly shaping buyer decisions by optimising in-building amenities, offering residents a more comprehensive and convenient lifestyle. This focus has grown exponentially nationwide, driven by evolving resident needs and expectations of prospective buyers.

ASX-listed developer <a href="/developers/lendlease-development">Lendlease</a> prioritised amenity design in its latest <a href="/developments/docklands-vic-3008">Docklands</a> residential offering, <a href="/new-apartments/ancora-at-collins-wharf-docklands-971-collins-street-docklands-vic-3008">Ancora at Collins Wharf</a>. Ancora will be the third building in the Collins Wharf precinct, a previously underutilised wharf at the end of Collins Street which is being developed into a thriving new community.

[smartcode_project:default project_id=9779 project_image_fid=314802]

The attention to detail starts at the front door, where residents are greeted by a grand hotel-style lobby with triple-height ceilings, providing a distinguished sense of arrival. Each resident at Ancora will have access to concierge services, ranging from accepting deliveries to leisure and entertainment-based services and everything in between.

Collins Wharf aims to enhance the lifestyle of its residents by offering an impressive range of amenities that make living easier through social connection, health, and wellness. To achieve this, they’ve designed not one, but two open-air terraces at Ancora.

Each terrace features spacious alfresco dining areas with barbecue facilities, comfortable seating, beautifully landscaped gardens, and stunning north-facing views of the city and Harbour. These thoughtfully designed spaces are perfect for residents to connect with one another, creating an ideal setting for both casual gatherings and welcoming guests to Ancora.

[smartcode_project:default project_id=9779 project_image_fid=314808]

It’s the same concerted effort to promote social interaction that inspired The Collins Room, a residents' lounge and private dining area that enhances the offering of an inclusive, connected community.

There are many components to a healthy lifestyle. Collins Wharf has also laid an importance to the physical aspect of health and wellbeing. In addition to the social spaces, Ancora also offers a fully-equipped, private gym with water views, a 25-metre indoor swimming pool, spa, sauna, and a steam room.

[smartcode_project:default project_id=9779 project_image_fid=314809]

Beyond what has been included in the building, Ancora benefits from its connected location. Collins Wharf sits at the end of Collins Street, one of Melbourne’s best streets and the cultural heart of the capital. Collins Street is lined with world-class dining, cafes, luxury retail, premium hotels, and major business headquarters. All of the above are just a short walk, or a free tram ride away from Collins Wharf.

Collins Wharf has not just leaned on the convenience of Collins Street to satisfy its future residents. The next stage of Collins Wharf will see over 5,000 sqm of new parkland established to enhance the resident experience by creating a connection to nature, something that is often overlooked in inner-city developments.

[smartcode_project:default project_id=9779 project_image_fid=318937]

Designed by landscape architect <a href="/landscape-architect/openwork">Openwork</a>, these green spaces incorporate indigenous plantings and will feature fitness stations, play zones, covered seating areas, and open lawns, fostering a sense of community and creating yet another space for Collins Wharf residents to gather without going far from their front door.

Designed by <a href="/architects/warren-and-mahoney">Warren &amp; Mahoney</a>, Ancora offers 302 one, two, three, and four-bedroom apartments across two different collections; the Waterfront Collection and the Premier Collection, the latter of which offers a range of house-sized living options including skyhomes and townhomes.

[smartcode_project:default project_id=9779 project_image_fid=314797]

Nick Deans, Principal at Warren and Mahoney, describes Collins Wharf as a remarkable example of placemaking, with a design inspired by its unique waterfront location and urban interface.&nbsp;

“In partnership with Lendlease, we’re creating a distinctive precinct that seamlessly blends the vibrancy and amenities of Melbourne’s CBD with the tranquillity of a waterfront retreat. Ancora redefines apartment living, offering world-class amenities and exceptional outdoor spaces, all set right on the water’s edge.'

Construction on Ancora is set to commence later this year, with completion expected in 2027.

[smartcode_project_cta:default project_id=9779]

Nick Deans, Principal at Warren and Mahoney, describes Collins Wharf as a remarkable example of placemaking, with a design inspired by its unique waterfront location and urban interface

Lendlease creating world-class resident experiences at Collins Wharf

Prolific Melbourne developer Hirsch &amp; Faigen is set to boost its investment on the Gold Coast to more than $700 million after announcing plans for a fourth beachside project in as many years.

Hirsch &amp; Faigen, led by Daniel Faigen and backed by Eddie Hirsch, co-founder of United Petroleum, has lodged a development application for the $240 million residential apartment project earmarked for a 1,100sqm site at 7-9 Surf Parade in the heart of Broadbeach.

<a href="/new-apartments/marbella-broadbeach-7-9-surf-parade-broadbeach">Marbella</a> will deliver 100 apartments across 31 levels, making it the company's largest Gold Coast project to date and leveraging off the success of its three earlier projects which all sold out prior to construction starting.

<a href="/developers/hirsch-faigen">Hirsch &amp; Faigen</a> lodged the development application for Marbella Broadbeach this week as the company edges closer to completion of its latest project Yves Mermaid.

The announcement of Marbella Broadbeach affirms the company’s sustained confidence in the Gold Coast market which continues to remain undersupplied.

It also increases the value of Hirsch &amp; Faigen’s Gold Coast development portfolio to more than $700 million since the company first entered the market in 2021 with the launch of Hemingway at Palm Beach.

The company has enlisted its trusted team of Rothelowman Architects and Hutchinson Builders to design and deliver Marbella Broadbeach respectively, continuing a successful partnership forged across the group’s previous Gold Coast developments.

<img alt="Marbella" data-entity-type="file" data-entity-uuid="6ab9ff4e-16ee-44b5-aa52-5cbfc4aaf1cc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-03%20at%2010.48.26%E2%80%AFAM.png?VersionId=UyI0DI4CD1v0cZPlRsdZnn81S8xIOZyL" />

Marbella&nbsp;will offer a thoughtfully curated lifestyle, including a substantial wellness precinct, communal recreation areas, children’s play spaces, work-from-home facilities, and shared lounge and dining areas.

Designed for the prime market demographic of downsizers and interstate lifestyle investors in mind, Marbella&nbsp;has been crafted to offer an increasingly rare blend of affordable luxury in a tightly held market.

Uniquely positioned in the heart of the Gold Coast’s most sought-after lifestyle suburb of Broadbeach, the project will also boast uninterrupted beach and hinterland views.

The Surf Parade site is just a short walk to the bustling Broadbeach dining and retail precinct, Pacific Fair, The Star Gold Coast and convention centre, and an easy stroll to Kurrawa Beach and the recreational amenity of Pratten Park on the Broadbeach foreshore.

“We’re excited to be proceeding with our fourth project on the Gold Coast in what is certain to become the new luxury precinct in Broadbeach,” says Anthony Bueti, the CFO of Hirsch &amp; Faigen and a shareholder of the group.

“With the likes of Mosaic and Abedian &amp; Co also launching quality projects in the area, the transformation will cement Broadbeach as the premier lifestyle and amenity suburb on the Gold Coast.

&nbsp;

“After four years in the Gold Coast market, and with three successful projects completed, Marbella is the product of everything we have learned to love about the Gold Coast and it will be an incredible addition to our growing portfolio in one of the most vibrant property markets in the country.

“We continue to remain very confident in the high-end Gold Coast property market.”

The plans for Marbella herald Hirsch &amp; Faigen’s Broadbeach market debut after the group has now made its mark at Kirra Beach with Emerson, Hemingway at Palm Beach and Yves at Mermaid Beach.

Pending approvals for the code-assessable project, the company expects construction to start in September this year.

Hirsch & Faigen plots fourth Gold Coast apartment development, Marbella Broadbeach

Immerse Projects is preparing its third new apartment development in the ever-popular Coolangatta/Kirra area.

Led by building veteran John Kearney, who also runs local construction giant Greyburn, Immerse has filed plans for a new development on <a href="/new-apartments/5-haig-street-coolangatta">Haig Street</a>, just off Musgrave Street and just metres from the beach.

They've called on BDA Architecture to design the 14-level building, which will feature 105 apartments: 64 three-bedroom and 41 two-bedroom units.

Kearney told Urban the diversity of product mix will suit a wider section of the house market needs, not just the downsizer.

"The two, two-bed plus MPR, and three-bed configurations could suit part-time owner-occupiers who might choose to short-term let, lock-and-leave owners, and downsizers who don't want, or can't afford, a full-floor apartment which Kirra is flooded with."<img alt="Kearney Haig Street" data-entity-type="file" data-entity-uuid="8ecdf609-dc29-4bbc-9030-16580980754c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-02%20at%202.49.43%E2%80%AFPM.png?VersionId=GFWghfxn6ifF9N9Y4uduzMD9j7LV3GzH" />

Kearney says he has strong belief in the Kirra market and its future growth prospects.

"Kirra has much more amenity on its doorstep than other parts of Coolangatta. There's a real sense of identity with Kirra, it's a really special place."

BDA wrote in their submission to the Gold Coast City Council the architectural vision for 5-7 Haig Street "embraces its coastal setting by responding to the built form, climate, and surrounding landscape."

"The development is designed to integrate seamlessly with its neighbourhood, enhancing the identity of the Kirra precinct while respecting existing urban character and natural elements."

Apartment sizes start from 70 sqm internal for the two-bedroom apartments, and 130 sqm for the two-beds with MPR. The three's start from 130 sqm with 17 sqm of balcony. There are three two-level beach houses that start on the ground level.

The majority of the resident amenity is pitched for the level two podium. A lap pool will run along the northern edge of the building and will sit next to a pool deck, a spa and ice bath area, a gym, a kids play area, and a work from home space with a meeting room.&nbsp;There will also ba a private dining space with outdoor terrace on the ground level.

Immerse secured the amalgamated 2,026 sqm double-block earlier this year. The site is occupied by two two-level qwalk ups, Giraween and Caribbean, dating back to the mid 1970s. They comprise 14 apartments in total. 
<img alt="Kirra" data-entity-type="file" data-entity-uuid="9e83139f-7614-4dab-b027-bd87f953d0f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-02%20at%202.49.47%E2%80%AFPM.png?VersionId=nQXnpNrdQmXuaMAj7hZ_ou7dXaWxsa_r" />

Immerse is currently developing <a href="/new-apartments/rhythm-kirra-hill-30-garrick-street-coolangatta-qld-4225">Rhythm Kirra Hill</a>, just 850m away from the new development on Garrick Street. Rhythm has sold the majority of its 40 one, two and three-bedroom apartments, which will be completed later this year.

Immerse and Greyburn have become quite the formidable development partners in recent years.

As well as Rhythm, Immerse&nbsp;is currently developing&nbsp;Ombre Robina, which will finish construction this summer. They also have another site in Kirra, on McLean Street, which is approved for 58 apartments across a 17-level building.

Greyburn is building both of Immerse's projects, as well as <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri Villas</a> on Isle of Capri, which is nearly complete, and the first stage of Lewis Land's 16-hectare Biggera Waters masterplan, <a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a>.

Kirra was one of the success stories for new apartment developments even before COVID hit Australia. The launch of Miles Residences by KTQ at the end of 2019 started a wave of demand, from both local and interstate developers and both local and interstate buyers at both ends of the market.

Latest Property News

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

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

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

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News