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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

One of Melbourne's most garden-focused new neighbourhoods is one step closer to becoming a reality, with the design-driven developer <a href="/developers/milieu-property">Milieu</a> appointing Brady Constructions to build its Elsternwick development,&nbsp;<a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>.

The former ABC Studios buildings on Gordon Street have been demolished on the unique 11,740 sqm site that borders the iconic Rippon Lea Estate, a heritage-listed manor surrounded by heritage-listed gardens.

Brady Constructions, which is nearing completion of MAB Corporation's Merri Northcote riverfront project, will begin excavation on the Gordon Street site in the coming months.

[smartcode_project:default project_id=136535 project_image_fid=288414]

Milieu recently launched the first stage of Elsternwick Gardens, Gordon Place, which includes the first two of six buildings in the community. These buildings have been expertly designed by Woods Bagot in collaboration with K.P.D.O, who is responsible for the interior design, and Oculus who is in charge of the landscaping.

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The buildings are strategically positioned around the perimeter of the site, separated by large expanses of landscaped gardens and walkways. Milieu knew the importance of the neighbouring Rippon Lea Estate. They went to great lengths to create an extension of the gardens, that upon completion will be maintained by the gardeners of Rippon Lea Estate. . Residents will also have private, direct access from the new community to the neighboring gardens, which are over 140 years old.

[smartcode_project:default project_id=136535 project_image_fid=288413]

There are one, two and three-bedroom apartments on offer at Gordon Place, designed with a focus on indoor and outdoor living, as well as sustainability.

All apartments will be fossil fuel-free, powered by renewable energy, and feature provisions for EV charging and water harvesting.&nbsp;Elsternwick Gardens will also include amenities such as wellness facilities, dog wash, and a hospitality offering.

[smartcode_project:default project_id=136535 project_image_fid=288415]

Milieu Managing Director Michael McCormack says appointing Brady Constructions was a major milestone in the development of Elsternwick Gardens.

“We are excited to see the builders commence on site to deliver this once-in-a-lifetime project which is immersed in nature with a truly unique community”, McCormack says.

“We are thrilled to see Brady Constructions commence on site. We see Elsternwick Gardens as a once-in-a-lifetime opportunity to secure an apartment in a truly unique community in this area.”

[smartcode_project_cta:default project_id=136535]

Milieu Managing Director Michael McCormack says appointing Brady Constructions was a major milestone in the development of Elsternwick Gardens.



Milieu appoints builder for Elsternwick Gardens neighbourhood

Leading Sydney construction and development giant&nbsp;Deicorp’s plans for their Macquarie Park development have gone on public exhibition.

The 17-level building, with 181 apartments, is being pitched for a <a href="/new-apartments/161-herring-road-macquarie-park">prime site</a> across 161 Herring Road and 13-15 Lachlan Avenue, a short walk from <a href="/developments/macquarie-park-nsw-2113">Macquarie Park</a>&nbsp;Metro rail station and shopping centre.

The application was recently lodged with the NSW Department of Planning as a State Significant Development.

&nbsp;

<img alt="Macquarie Park Development" data-entity-type="file" data-entity-uuid="2194f36c-79f8-4eb0-aee9-6145d7bda0fe" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Item%206%20-%20Photomontage%202.jpg?VersionId=d8VSUjWGNnnhGW2ye5MKjMxbC7QPYMug" />

Deicorp’s Chairman Fouad Deiri said the site will provide conveniently located housing for key and essential workers. 29 of the apartments proposed will be affordable and managed by a community housing provider.

“This proposed development adds to the significant pipeline of residential projects we are seeking to deliver along Sydney’s Northwest Metro, which will support the NSW Government’s vision to deliver more housing close to key public &nbsp;transport infrastructure," Deiri said.

“Deicorp is delighted to be responding to the urgent need for housing across Sydney by partnering with some of Australia’s leading architecture and design firms (DKO) to provide well designed apartments close to amenities.” &nbsp;

The plans for the development include a 550 sqm of rooftop garden, 1,200 sqm of streetscape upgrades, and outdoor communal space embellishments. The rooftop garden will include viewing decks, outdoor workspaces, and picnic tables.&nbsp;

<img alt="Macquarie Park Development" data-entity-type="file" data-entity-uuid="755dbe8e-7088-4386-a5a5-8dfd1b1fa8a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Item%206%20-%20Photomontage%203.jpg?VersionId=x8D28t53yH56yHpDy3Pt0VMk8po_kBru" />

It is proposed environmentally significant trees will be retained on the site with a further 58 trees planted to provide ample tree canopy coverage. &nbsp;

The proposed development, which will include recycled water, onsite solar energy generation and energy efficient design, will aim for an industry leading 7-star average rating under the &nbsp;Nationwide House Energy Rating Scheme (NatHERS).&nbsp;

The proposed Macquarie Park apartment building adds to the significant pipeline of transit oriented developments Deicorp is seeking to deliver along Sydney’s Metro rail line, which include the recently approved Hills Showground East Precinct and Five Ways Crows Nest mixed-used projects, the under-construction Hills Showground Village and now completed Tallawong Village.&nbsp;

Deicorp’s Chairman Fouad Deiri said the site will provide conveniently located housing for key and essential workers



Deicorp’s Macquarie Park apartment plans revealed

Consolidated Properties Group has topped out both towers at its riverfront <a href="/developments/toowong-qld-4066">Toowong</a> apartment development, <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>.

Final construction work is underway on the $460 million development which is 98 per cent sold. Just four of the 224 apartments remain.

Hutchinson Builders started construction on the 1.2-hectare site in 2023, notwithstanding the weather challenges throughout the past two years. As construction moves into the final stages, owners are set to begin moving in before Christmas this year.

[smartcode_project:default project_id=113455 project_image_fid=211466]

In the coming months, the scaffolding will be removed from River 1, which will allow the public and residents a first look at the exterior and form of the building.

With the structural construction of the building complete, Hutchinson Builders are continuing their work on the residence’s internal features and rooftop amenities, including the ultra-premium pool deck, gym, sauna and entertaining areas.

The heritage restoration of Middenbury House is also seeing major progress. The heritage-listed Welsh slate roof has been replaced using the last shipment of traditional Welsh slate ever to arrive in Australia, marking a significant step in the building’s restoration.

Once complete, residents and visitors to Monarch Residences will be among the first people to enter the historical building, as it is the first time it will be open to the public since its original construction in 1865.

[smartcode_project:default project_id=113455 project_image_fid=211490]

“We’re pleased with how the construction is progressing across both towers,” said Don O’Rorke, CEO and Chairman of <a href="/developers/consolidated-properties">Consolidated Properties Group</a>.

“Both towers are structurally complete, and we’re moving quickly into the final stages. Hutchinson Builders has done an outstanding job, and we’re confident the delivery will exceed our expectations. It’s exciting to see everything come together, and we look forward to welcoming the first residents soon.”

[smartcode_project:default project_id=113455 project_image_fid=302326]

Chairman of Hutchinson Builders, Scott Hutchinson said the building is something special, not just in Brisbane, but in Australia.

"It’s a beautiful building, sitting right on the river in Brisbane,"&nbsp;Hutchinson said.

“As builders, we have worked hard to ensure the materials we use are not only of the highest quality, but also visually appealing and structurally sound. The residences themselves are beautiful homes and it’s been a privilege bringing the vision of Monarch Residences to life."

[smartcode_project_cta:default project_id=113455]

“We’re pleased with how the construction is progressing across both towers,” said Don O’Rorke, CEO and Chairman of Consolidated Properties Group.

Cons Prop & Hutchies top out Monarch Residences in Toowong

Construction has commenced on&nbsp;Brunswick Established,&nbsp;Beulah’s sustainable, heritage-focused townhome project.

<a href="/developers/beulah">Beulah</a>&nbsp;has appointed&nbsp;<a href="/builders/level-10">Level 10</a>&nbsp;to build the 23 townhouses on Hodgson Street which recently won Gold at the International Design Awards in the Residential Architecture/Sustainable Home category.

Designed by <a href="/architects/six-degrees-architects">Six Degrees Architects</a>,&nbsp;Brunswick Established has been designed to "celebrates Brunswick’s historic character and champions an advanced model for sustainable urban living."

[smartcode_project:default project_id=136451 project_image_fid=333959]

Throughout the construction phase, the project team will aim to recycle and repurpose components of the existing building on site, historically home to one of the earliest clothing factories in Brunswick from the 1920s.&nbsp;

Bricks, where possible, will be recycled and used for architectural features, while salvaged timber will be repurposed and incorporated into pergolas. Collectively, this will not only significantly reduce construction waste but will actively reduce the project’s carbon footprint and reduce embodied carbon from using new materials.&nbsp;

A team of structural engineers and heritage specialists have started working together with Level 10 to retain essential heritage walls, using a delicate process of propping the building and integrating it into the new architecture.&nbsp;

Adelene Teh, Co-Founder of Beulah, said <a href="/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a> embodies Beulah’s commitment to creating homes that harmonise with their surroundings and reflect the unique character of Brunswick.&nbsp;

“With Level 10’s exceptional craftsmanship and alignment with our vision, we are excited to see this project come to life, delivering multi-generational residences that will become a meaningful addition to the Brunswick community," Teh says.

[smartcode_project:default project_id=136451 project_image_fid=270371]

"The project has seen strong interest from buyers, with a mix of downsizers, business owners, and professionals snapping up the majority of the project, and we expect to see the remaining townhomes to sell quickly within the coming months off the back of recent State Government announcements, including savings to stamp duty.

"This, coupled with the forecasted interest rate cuts, is helping to increase buyer sentiment, with a buzz returning to the market and consumer confidence growing. "

Teh says there has been local and interstate buyers purchase, with majority drawn to the sustainable features of the project as well as the ability to completely customise their home.

"This unique and personalised approach is really what matters to the residents, and we are excited to see their visions come to life."

[smartcode_project:default project_id=136451 project_image_fid=277190]

Beulah’s decision to engage Level 10 for Brunswick Established was driven by their proven expertise in townhome development and shared values in sustainable construction.&nbsp;

“The team at Level 10 brings extensive experience in managing heritage sites and excels in building quality homes with thoughtful precision, aligning seamlessly with Six Degrees Architects’ vision for a progressive yet heritage-sensitive design. The result will be a collaboration that sets new standards for environmentally responsible construction, blending timeless architectural elements with the forward-thinking principles of circular living."

A limited amount of three and four-bedroom townhomes remain, priced from $1.87 million, with up to $146,000 in stamp duty Savings available*.

[smartcode_project_cta:default project_id=136451]

Adelene Teh, Co-Founder of Beulah, said Brunswick Established embodies Beulah’s commitment to creating homes that harmonise with their surroundings and reflect the unique character of Brunswick

Construction commences on Beulah’s Brunswick Established 

Urban Property Group is continuing to expand its ever-widening new apartment pipeline.

The developer is soon to tackle the Newcastle's market, having taking over the mixed-use Bowline project on the harbour in Wickham.&nbsp;

<img alt="Bowline" data-entity-type="file" data-entity-uuid="76e65b76-fbcf-4f05-a1e9-b6834c908691" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-31%20at%2010.52.58%E2%80%AFAM.png?VersionId=PTzhKaLh79XhxtUzcM5KSbt2k5Hsi2r5" />

The Bowline, just under 100 apartments across a 14-level building on Dangar Street, was being developed by MultiPart Property before they fell into receivership. Deposits were offered back to the original buyers earlier this year.

The large-scale apartments, that were pitched as being suitable for downsizers when it gained approval in 2019, would sit above 5,500 sqm of commercial space.

Urban Property Group secured the site&nbsp;through a competitive sale process managed by the appointed receivers and managers, Ryan Eagle and Amanda Coneyworth of KPMG.

<img alt="Bowline" data-entity-type="file" data-entity-uuid="a7588c81-24fa-43df-9915-558371a8496f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-31%20at%2010.53.04%E2%80%AFAM.png?VersionId=TROUxZjaWUlJrzbzKROIVCOjWGXX24Rx" />

Patrick Elias, CEO of&nbsp;<a href="/developers/urban-property-group">Urban Property Group</a>, said Bowline is a&nbsp;pivotal site in one of the most exciting growth corridors in the state.

"We recognise both the opportunity and the responsibility of taking this project forward."

Elias says the current approval dates back several years and there is a "unique opportunity to reimagine this site in a way that meets today’s needs while embracing the city’s future potential."

The site is located at 10 Dangar Street, Wickham, NSW 2293, on the corner of Hannell Street, Dangar Street, and Charles Street. This prime location places it adjacent to the Newcastle Interchange, a major transport hub.

UPG has recent experience taking over and successfully progressing complex projects. Urban acquired Gosford’s Central Coast Quarter from St Hilliers in 2024, and is now progressing toward top-out of the first stage.

UPG has several projects across Greater Sydney. They're working toward launching <a href="/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith">Mayfair on Penrith</a>, 287 apartments across a 10-level building on&nbsp;an 8280 sqm site at 160-172 Lord Sheffield Circuit. It will be&nbsp;Urban Property Group's&nbsp;sixth and final development in the Thornton precinct, alongside their award-winning developments Navali and&nbsp;<a href="/buildings/the-orchards-lumia-norwest-104-fairway-drive-norwest-nsw-2153" target="">Lumia</a>.

&nbsp;

Patrick Elias, CEO of Urban Property Group, said the The Bowline is a pivotal site in one of the most exciting growth corridors in the state.



Urban Property Group acquires harbourside Bowline site in Newcastle's Wickham

Sekisui House Australia secured $65 million in sales at the launch of Veue Grand, the final release of the fourth stage in their $1 billion Norwest masterplan, The Orchards.

Over 55 apartments were snapped up at the launch, including a record-breaking four-bedroom penthouse sale worth over $4 million, which set a suburb record.

With prices starting from $630,000, buyers came from a wide geographical reach including locals in <a href="/developments/norwest-nsw-2153">Norwest</a>, up to the northern beaches in Dee Why, across to Coogee in the east, and as far south-west as Picton.

More than 180 people attended the public launch to secure a nature-inspired apartment.

David Lee, Sales Manager, Apartments &amp; Mixed-Use Developments at Sekisui House Australia said <a href="/new-apartments/the-orchards-veue-grand-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Grand</a> has had one of the most successful launches in The Orchards to date.

"We have witnessed strong demand across all apartment types, with two-bedroom residences emerging as the most popular choice, accounting for more than 50 per cent of all sales.

“We are very proud to also have achieved a record sale for a four-bedroom penthouse, which speaks volumes about both the quality of the product and confidence buyers have in the brand.”

[smartcode_project:default project_id=149249 project_image_fid=333204]

Nearly 25 per cent of all sales came from the newly introduced two-bedroom, one-bathroom layouts, an efficient and affordable entry point aimed at first home buyers.

“The introduction of this new apartment type has been well received. It is proving to be a smart option for buyers who wish to enter the market without compromising on location or quality,” Lee said.

[smartcode_project:default project_id=149249 project_image_fid=333207]

First home buyers and investors from across Sydney made up a significant portion of the buyer demographic. In contrast, larger residences and penthouses attracted strong interest from downsizers, many of whom already live within a 10km radius of Norwest.

Lee said the recent interest rate reduction played a role in the success of the launch.

“We did see an uptick from first home buyers and investors following the rate drop, although downsizers, who tend to be less rate-sensitive, were key in securing the premium stock.”

Veue Grand's extensive amenities including an indoor swimming pool, gymnasium and communal function centre, alongside expansive green spaces and access to the newly completed Sydney Metro Northwest line, were purchasing drivers.

[smartcode_project:default project_id=149249 project_image_fid=333206]

“Many sales came from repeat clients or through word-of-mouth referrals, which is a testament to trust in the global brand. The sales result further cements The Orchards position as one of Sydney’s most compelling residential offerings,” Lee added.

“With direct Metro access now taking residents from Norwest to Martin Place in under 45 minutes, The Orchards ticks all the boxes, location, liveability and long-term growth potential.”

[smartcode_project:default project_id=149249 project_image_fid=333205]

Construction of Veue Grand is well underway and tracking ahead of schedule, with completion anticipated in late 2026. Buyers can invest with confidence, knowing the builder has been appointed and the build well underway.

Veue Grand designed by Crone Architects, comprises 217 residences across two 11 and 18-level buildings.

The Orchards is around 31 kilometres north west of Sydney’s CBD.&nbsp;It is strategically positioned 800 metres from Norwest Metro Train Station and 600 metres from Norwest Marketown as well as Norwest Business Park - currently housing over 30,000 employees.

[smartcode_project_cta:default project_id=149249]

Veue Grand, Norwest apartments fly off the shelves at weekend launch

<a href="/developers/gardner-vaughan-group">Gardner Vaughan Group</a> is one of the most active developers in Brisbane right now. The family-run builder-developer is busy welcoming buyers to two of its recently completed inner-city developments in Chermside and Stones Corner.

<a href="/new-apartments/estilo-on-the-park-chermside-81-kittyhawk-drive-chermside">Estilo on the Park</a>, located on one of the last parkside sites in <a href="/developments/chermside-qld-4032">Chermside</a> overlooking the expansive 73-hectare Seventh Brigade Park, has just a handful of three-bedroom apartments remaining in its final stage, Esencia, following sellouts of the first two stages, Lujosa and Belleza, several years ago.

[smartcode_project:default project_id=100682 project_image_fid=186903]

GVG is putting the finishing touches to their <a href="/developments/stones-corner-qld-4120">Stones Corner</a> development, <a href="/new-apartments/stonebrook-stones-corner-10-flora-street-stones-corner">Stonebrook</a>. Just one apartment remains for sale in the Flora Street project near Hanlon Park. The nine-level building, topped by a communal rooftop terrace with park views, is UDIA-certified as an EnviroDevelopment for its sustainability features, including EV charging and community herb gardens.

[smartcode_project:default project_id=114094 project_image_fid=246997]

Not one to rest on its laurels, Gardner Vaughan is gearing up for another busy year with four projects in market in 2025. They have just launched <a href="/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah">Danby Lane</a> in <a href="/developments/nundah-qld-4012">Nundah</a>, 84 one, two, three and four-bedroom apartments above four retail spaces on the street level.

The project will also feature a rooftop deck with barbecue facilities, herb and veggie garden, and outdoor dining, as well as a first-floor resident pool, gym, and commercial spaces. Gardner Vaughan’s building arm has already started construction on site and is expecting an early 2027 completion.

[smartcode_project:default project_id=112531 project_image_fid=320117]

While inner-city Brisbane has been Gardner Vaughan’s main focus for the last two-and-a-half decades since being founded by Guy Gardner and Darryl Vaughan in 1989, they’ve expanded their footprint across wider Brisbane and South East Queensland in recent years.

Last year they completed their second Sunshine Coast project, Zinc Bokarina, and now they’re delivering <a href="/new-apartments/bask-bokarina-38-bokarina-boulevard-bokarina">Bask Bokarina</a>, 135 apartments next door to Zinc. Bask will feature nine retail spaces on Bokarina Blvd. The two towers are currently under construction and will complete in mid-to-late 2026, and will feature a podium-level pool, gym, and herb garden.

[smartcode_project:default project_id=141609 project_image_fid=333359]

The first tower is 85 per cent sold and tower two will launch to the market in the middle of this year. Bask recently set a suburb record for one of its four penthouses. The four-bedroom apartment sold to a local downsizer for $5,499,000, the biggest apartment sale in Bokarina by some margin.

[smartcode_project:default project_id=141609 project_image_fid=333361]

GVG will expand further into the Sunshine Coast later this year with Eden Caloundra, another two-tower development with 179 apartments.

There’s even further expansion in 2025 for GVG with the recent launch of ONE Redcliffe, the group’s first foray into the Moreton Bay region.

<a href="/new-apartments/one-redcliffe">ONE Redcliffe</a>, another two-tower project, will have 214 two, three and four-bedroom apartments on the Redcliffe Peninsula with unobstructed views overlooking Moreton Bay and Settlement Cove Lagoon. Apartments start from $1,061,500.

Gardner Vaughan Group set for big 2025 as new apartment pipeline expands across South East Queensland 

Over 12 months after securing a prime Toowong site on Sylvan Road, local developer&nbsp;<a href="/developers/pradella-property">Pradella</a>&nbsp;has revealed what it envisages for the site.

They've submitted plans to the Brisbane City Council for <a href="/new-apartments/70-sylvan-road-toowong">Sylvan Residences</a>, 53 two and three-bedroom apartments across a 12-level building opposite <a href="/developments/toowong-qld-4066">Toowong</a> Memorial Park.

<a href="/architects/hal-architects">HAL Architects</a> have been tasked with the design of the building. They say it "evokes opulence,&nbsp;underpinned by the classic subtropical Queenslander vernacular," drawing inspiration from Toowong’s rowing history with a curved and sculpted form.

<img alt="Sylvan Residences" data-entity-type="file" data-entity-uuid="fdf4def8-8df3-4942-bd77-937b42fb6919" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sylvan%20Residences%20podium.png?VersionId=vx3uU1wkWOP5CXqNET960_C.JHWqoh6d" />

31 two-bed and 22 three-bed apartments have been pitched, above basement levels with 83 parking spaces.

A significant rooftop terrace will serve as a "lush oasis nestled in the urban convenience of Toowong," according to HAL.&nbsp;

Planned amenities include an infinity lap pool, fitness centre, steam room, sauna, community garden, private dining and lounge spaces, and barbecue facilities.&nbsp;

The landscaping and terracing are designed to complement Brisbane’s active, outdoor lifestyle, with views of the city and Mt Coot-tha.

<img alt="Sylvan Residences amenities" data-entity-type="file" data-entity-uuid="a5239aad-df11-4721-8153-65992dfe0862" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sylvan%20Residences%20amenities.png?VersionId=fkDuy6QaCqw9Lg_XW3I03JAH4EJZoBuB" />

&nbsp;

The town planning report by Plan A said "the proposal is consistent with surrounding development in the Toowong area and will provide a positive contribution to the streetscape."

Pradella <a href="/news/qld/pradella-secure-their-next-brisbane-apartment-development">bought the 1,083 sqm corner site</a> at 70 Sylvan Road for $6.1 million in late 2023.&nbsp;

CBRE’s Adelaide O’Brien and Will Carman, who facilitated the sale, noted strong developer interest in the suburb. O’Brien highlighted <a href="/developments/toowong-qld-4066">Toowong</a>’s appeal to both owner-occupiers and investors, adding that the site also provides Pradella with secure rental income while planning its development strategy.

Pradella is most known for its development in West End where they're behind the $1.5 billion Montague Markets mixed-use precinct.

First look exclusive: Pradella plot Sylvan Road, Toowong apartment development

The Brisbane River has well and truly come alive. In the last decade there have been billions in new developments, both apartments and mixed-use precincts that have changed the face of the waterfront in the Queensland capital. The completion of the redevelopment of Howard Smith Wharves in 2019 was a key milestone. The 3.4 hectares of prime riverfront underneath the Story Bridge is now a vibrant hospitality hub with several restaurants, bars, hotels, and event spaces.

The riverfront had to wait another five years before the completion of Far East Consortium’s $3.6 billion mega-precinct, Queens Wharf. The huge 12-hectare precinct, a new landmark for Brisbane, is home to four new luxury hotels, over 50 new restaurants, bars and entertainment experiences, luxury retail, and a state-of-the-art event centre, home to Brisbane’s largest hotel ballroom. Between the resort’s four towers, 37 metres above street level, is a 12,000 sqm, open-air Leisure Deck will deliver a mixed-use space for hotel guests and the public. The Leisure Deck features an Event Deck, expansive lawn area for sunset picnics and exclusive resort amenities overlooking the city skyline.

While there’s now limited land on the northern side of the Story Bridge and on the fringe of the CBD, there is still significant opportunity down the river for more waterside development. Economic Development Queensland is undertaking the largest urban renewal project in the state, and arguably the country. They are creating Northshore, a new mixed-use community on 304 hectares of previously industrial port land at inner-city Hamilton. The 40-year development, which started 10 years ago, is estimated to cost $12 billion.

There will be around 14,000 new homes built over the next three decades that will home roughly 24,500 residents. Over 25,000 employees will call Northshore their place of work, with an innovation and technology precinct covering over eight hectares of the precinct. That will comprise commercial, retail, and clean industrial businesses. In December, Northshore’s central precinct achieved a 6 Star Green Star – Communities certified rating. Northshore will also play host to Brisbane Athletes’ Village for the Brisbane 2032 Olympics and Paralympic Games.

While there have been major commercial developments that have driven huge economic boosts to Brisbane, the riverfront boom hasn’t been lost on some of states best new apartment developers. Don O’Rorke’s Consolidated Properties was quick to act back in 2021 when they snapped up the 1.5-hectare former ABC site on Coronation Drive in Toowong. The prime site, with 130m of waterfrontage, is also home to the heritage-listed Middenbury House, which is being restored as part of the new development, <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>. Monarch has been one of the best-selling developments across Brisbane in recent years, with nearly all of the apartments spoken for well before its late 2025 completion through Hutchinson Builders.

[smartcode_project:default project_id=113455 project_image_fid=211466]

Just a handful of penthouses remain in the two-tower project with nine of the 11 residences in the Penthouse Collection, which includes several riverside homes, snapped up in recent months. Predominantly local downsizers seized the opportunity, with an average sale price of $5.85 million. Colliers Director of Residential for Queensland, Andrew Scriven says the demand for Monarch’s top floors and unique River Homes has been incredibly strong, and the remaining penthouses will sell quickly.

"Since coming onto the market, the demand for these once-in-a-lifetime ultra-premium penthouse homes has been incredible," Scriven said.

"We’re continuing to see enquiry from local buyers as well as from out-of-state buyers. The level of interest in these homes speaks to the calibre and design of the Penthouse Collection."

[smartcode_project:default project_id=113455 project_image_fid=302322]

Consolidated Properties Group CEO and chairman Don O’Rorke says the development team’s vision was to deliver a super-premium residential project worthy of its unique north-facing location on the Brisbane River.

“The Monarch Residences penthouses offer unparalleled views, elegant design, and the kind of luxury living rarely seen in Brisbane,” O’Rorke said.

“Every apartment in the buildings is beautiful and in a class of its own – but with the penthouses, we’ve created a very small, exclusive set of residences that elevate themselves into a new class.”

[smartcode_project:default project_id=113455 project_image_fid=302440]

With Monarch nearly sold out, Brisbanites are now turning their attention to other opportunities to live by the river. The latest launch is in Teneriffe, where Kokoda Property Group—the developer behind The Ambrose and Ruby Ruby in Milton, as well as a major precinct project in Melbourne—has unveiled Teneriffe Banks (right and below). This development will be located on one of the last riverfront sites in the suburb, on Skyring Terrace.

Teneriffe Banks will feature five distinct, slender buildings housing over 200 residences, lofts, and penthouses, designed by Studio McCue, Cottee Parker Architects, and Carr. One of the buildings will house the first Kimpton Hotels &amp; Restaurants in Brisbane. The development will also offer an expansive commercial precinct, including more than 4,800 sqm of waterfront dining and retail space, as well as a redeveloped, purpose-built community centre.

[smartcode_project:default project_id=139896 project_image_fid=295098]

Before the official launch of Teneriffe Banks, there were $285 million worth of sales. Over half of the residences have already been sold in The Interloom and The Skyform buildings. The Interloom building connects the urban landscape with the waterfront, featuring up to 404 sqm luxury residences with soaring 3.8-metre ceilings and panoramic views. Perched above the soon-to-be-released Store House Lofts, The Skyform features more spacious apartments that offer up to 334 sqm of luxury living with four-metre ceilings and panoramic views of the Brisbane River and city skyline.

Residents of Teneriffe Banks will enjoy resort-style amenities, with each building including private dining rooms, personal wellness spaces, mineral baths, infinity pools, and exclusive access to the Canopy Club, one of the largest private members’ clubs in Queensland. The Ferry Building, a smaller-scale building, and The Skyform, merges Teneriffe’s historic woolstores with contemporary apartment design. Each Ferry Building home incorporates a large, private courtyard as an extension of the living space, with higher floors offering large terraces to entertain from.

[smartcode_project:default project_id=139896 project_image_fid=295102]

Supply on the river looks like it will continue over the coming years. The next project to launch will come from national developer Traders in Purple. Late last year they secured the prized 1.25-hectare West End site from Crown Group and have <a href="/news/qld/first-look-exclusive-traders-in-purple-plan-large-apartments-on-west-end-megasite">plans in with the Brisbane City Council</a> for around 130 apartments and 32 river and terraces homes designed by Rothelowman.

<img alt="Traders" data-entity-type="file" data-entity-uuid="31ace497-87de-4039-a9a2-2f8a5e103e6c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-27%20at%209.15.35%E2%80%AFAM.png?VersionId=tkYmoUNWZAVgREsNu6_gSHwbIXSNRwNo" />

Traders in Purple Director George Geagea said the size and location of the West End site presented a rare opportunity to create a remarkable lifestyle-focused destination just 4km from the Brisbane CBD. “We have long wanted to make our mark in Brisbane’s inner-city but we were prepared to wait until the right site came along.”

Another national developer, ICD Property, who is creating mixed-use towers in Adelaide and Sydney after a string of successful buildings in Melbourne, snared the well-known R&amp;F site on the West End riverfront. While they are yet to revise the plans, approval is there for seven towers with over 1000 apartments on the 1.68-hectare block. <a href="/news/qld/exclusive-icd-property-secures-riverfront-west-end-site-for-brisbanes-latest-multi-tower-precinct">ICD paid just under million</a> for the prime riverfront site that cost R&amp;F $82.5 million in 2015.

<img alt="ICD Property" data-entity-type="file" data-entity-uuid="4fc67d00-ac03-4d73-9b61-23cc39e4c20d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-27%20at%208.44.31%E2%80%AFAM.png?VersionId=ZW6VAMPpJSxSK2TrKj_qkfG_35_KdTg8" />

Plans have also been submitted <a href="/news/qld/multi-tower-precinct-planned-for-south-brisbane-riverfront">on the site next door</a> by concrete supplier Heidelberg Materials. Heidelberg, formerly Hanson, is also seeking to develop a new riverside community, which just falls into the suburb of South Brisbane rather than West End. Heidelberg had global design firm fjcstudio draw up plans for a 1.3-hectare precinct that will comprise three 50-level residential buildings with 620 apartments, a food and beverage plaza, and a 5,400 sqm public park (right).

Brisbane is poised for continued growth, following its strongest market performance in nearly four decades in 2024. According to CoreLogic data, unit values in the city surged by more than 16 per cent last year, marking the highest annual return since 1988. With a robust pipeline of projects in the works, Brisbane is set to maintain its upward trajectory, positioning itself as a serious contender to Sydney’s dominance. Last year Brisbane surpassed Melbourne to become the second most expensive property market in the country.

Brisbane is poised for continued growth, following its strongest market performance in nearly four decades in 2024.

Brisbane's riverfront renaissance, and the developers leading the charge

Builder-developer giant McNab is pushing on in both sales and construction at its new Gold Coast apartment development, Elements Budds Beach.

Over 60 per cent of the Azure Collection, the more premium two-bed plus MPR and three-bedroom apartments within the Oak Avenue building, have been snapped up by a mix of investors and owner occupiers.&nbsp;

The sales success comes off the back of McNab starting construction on site, demolishing the old three-level walk-up and old timber home on the amalgamated 1,013 sqm Oak Avenue and starting to excavate the four basement parking levels.

The building, of just 87 two, three and four-bedroom apartments that start from just over $1 million, has been crafted by<a href="/architects/cottee-parker-architects"> Cottee Parker</a> who says the design "pays homage to the sea and sky and responds to its unique midwater location with distinct simplicity and openness, bringing the waterways to its inhabitants."

[smartcode_project:default project_id=111522 project_image_fid=322242]

Set behind a curved, glazed façade, Elements apartments will feature open plan kitchen, living and dining areas that will extend to balconies with views across the Gold Coast skyline, hinterland, and beach.

As the building ascends, the apartments get more premium, and give way from the two-bed and two-bed plus multi-purpose rooms to half-floor three-bedroom apartments, as well as the soon-to-be-released Horizon Collection.

As demand for spacious, high-end apartments continues, McNab is preparing to launch the Horizon Collection, just a handful of four-bedroom apartments each with a multi-purpose room, panoramic views, a master retreat with a walk-in wardrobe and ensuite, and a built-in bar area with a custom stone finish.

&nbsp;

[smartcode_project:default project_id=111522 project_image_fid=322246]

The original plans back in 2021 had the communal facilities located within the building, but, in a trend seen across the majority of Gold Coast projects in the last few years, McNab more recently had Cottee Parker relocate them to the roof.

Now a full rooftop retreat, it will feature an infinity-edge pool with beach club-style loungers that actually sit in the water, several day beds surrounding the pool, and a sauna, hot plunge pool, and a yoga deck.

There will also be a poolside barbecue and teppanyaki area, as well as a private formal dining room and a gym.&nbsp;

[smartcode_project:default project_id=111522 project_image_fid=322250]

Elements will sit in a quiet pocket of Surfers, only a six-minute walk to Budds Beach and eight minutes to Surfers Paradise Beach.

It could be argued that viewlines, especially from the upper levels, are unlikely to ever be obstructed. This is due to the scale of the Paradise Resort Gold Coast hotel across the street, which is unlikely to be redeveloped anytime soon.

McNab is forecasting a completion date of around Q3 2027.

[smartcode_project:default project_id=111522 project_image_fid=322251]

<a href="/developers/mcnab-developments">McNab</a> as a builder has a diverse workbook across the whole of South East Queensland, from warehouse and office buildings to social housing projects.

As a developer, McNab recently completed White in Main Beach, selling all of the apartments prior to completion. The project won the 2024 Master Builders QLD Housing &amp; Construction Award, as well as Queensland’s Best Project in the $50m+ multi-residential category.

McNab also has several development sites in Brisbane, in West End and Highgate Hill, as well as<a href="/news/qld/first-look-exclusive-mcnab-shoots-for-full-floor-apartments-in-broadbeach"> plans for a future Broadbeach project</a>.

[smartcode_project_cta:default project_id=111522]

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