Breaking into the Sydney property market has long felt out of reach for many first home buyers, particularly as median house prices sit above $1.6 million and unit prices push beyond $900,000.

But entry points still exist in pockets of Greater Western Sydney, where pricing, government incentives, and product mix are aligning to make ownership more attainable.

Understanding where those opportunities sit, and how the numbers actually stack up, is becoming increasingly important for buyers weighing up their next move.

<h2>Work out what you can actually afford</h2>

Sydney is expensive, but it isn’t uniformly expensive. The Greater Parramatta region continues to offer comparatively accessible entry points, particularly for buyers open to alternative configurations like studios.

There's an assumption that a first home needs to be a certain size, that anything smaller than a one-bedder is a concession rather than a choice. That assumption doesn't hold up against what well-designed studios in the right location actually offer: immediate liveability, strong urban amenity, and a price point that makes the deposit target realistic rather than theoretical.

At <a href="https://www.apartments.com.au/buildings/mason-main-merrylands-249-259-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a>, <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>'s multi-award winning precinct in Merrylands, studio apartments are unlike the typical studio configuration.

Starting from $498,000, the bedroom is fully enclosed, separated from the living area by a cavity sliding door, creating a genuinely private sleeping space that functions more like a one-bedroom apartment than a traditional open-plan studio.

[smartcode_project:default project_id=31751 project_image_fid=359814]

At 42 sqm internally, with an open-plan kitchen, built-in robes, modern bathroom, and separate laundry, the apartments are designed for everyday liveability rather than short-term use.

With a five per cent deposit under the Federal Government's First Home Guarantee, that equates to a deposit of around $24,200, achievable for many first home buyers without the added cost of Lenders Mortgage Insurance.

<h2>Understand the real cost of renting versus buying</h2>

For buyers weighing up the shift from renting to owning, the numbers are closer than many expect.

Here’s how the numbers stack up for a studio at Mason &amp; Main (based on a $498,000 purchase):

<ul>
	<li>Purchase price: $498,000</li>
	<li>Five per cent deposit (First Home Guarantee): ~$24,900</li>
	<li>Loan amount: ~$473,100</li>
	<li>Estimated mortgage repayment (6.29% variable, 30-year term): ~$675–$695/week*</li>
	<li>Estimated rental return: $590–$620/week*</li>
</ul>

At this level, the gap between renting and owning is relatively narrow, particularly when factoring in long-term equity, with rental returns also making the apartments a viable option for investors.

The rental range reflects current asking rents for remaining studio stock in the development and, based on prevailing asking prices, equates to an indicative gross rental yield of around 5.8 to 6.2 per cent.

For buyers seeking more internal space, Mason &amp; Main also offers a range of one-bedroom apartments from $629,000, alongside larger one-bedroom plus multipurpose room configurations priced from $680,000 - all priced under $800,000 and eligible for first home buyer incentives.

<ul>
	<li>Purchase price: $629,000</li>
	<li>20 per cent deposit: ~$125,800 (5% deposit on exchange: $31,450)</li>
	<li>Loan amount 80%: ~$503,200</li>
	<li>Estimated mortgage repayment: ~$720–$740/week*</li>
	<li>Estimated rental return: $650–$680/week*</li>
</ul>

One-bedroom apartments continue to present a balanced option for both owner-occupiers and investors, supported by steady rental demand across Western Sydney.&nbsp;

[smartcode_project:default project_id=31751 project_image_fid=359812]

<h2>Make sure you're across the government incentives</h2>

Government incentives continue to play a key role in reducing the upfront cost barrier.

At Mason &amp; Main, studio, one, and two-bedroom apartments are priced under $800,000, allowing eligible buyers to access a full stamp duty exemption under the NSW First Home Buyers Assistance Scheme.

On a $498,000 purchase, that represents a saving of roughly $17,900 that would otherwise need to be paid at settlement.

Combined with the First Home Guarantee, which enables purchases with as little as a five per cent deposit, the total capital required to secure a home is significantly reduced compared to traditional lending pathways.

<h2>No waiting, no uncertainty</h2>

For first home buyers who want to move sooner rather than later, Mason &amp; Main removes one of the more common pain points from the purchase process entirely. The development is already complete and move-in ready, meaning buyers can walk through the apartments, inspect the finishes, and have full certainty about what they're purchasing before signing anything.

Coronation brought in renowned architecture firm <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> to design the development.&nbsp;

"The project's design drew inspiration from the area's rich heritage, in particular the nearby brickworks and aqueduct, infusing a contemporary perspective to seamlessly integrate historical influences into the design," Woods Bagot Principal Dom Alvaro says.

[smartcode_project:default project_id=31751 project_image_fid=736]

<h2>Factor in location and lifestyle</h2>

Beyond the apartment itself, the surrounding infrastructure matters, particularly for a first purchase. Merrylands Station sits 350 metres from the development, putting the Parramatta CBD a five-minute drive away and the Sydney CBD roughly 25 minutes via the Western Line. Directly across the road is Stockland <a href="https://www.apartments.com.au/developments/merrylands-nsw-2160">Merrylands</a>, one of Greater Western Sydney's major retail centres.

At street level, Mason &amp; Main's own retail and dining precinct has more than 30 tenants trading, including Iftar, Macelleria, Hayat, San Churro, Yuzu, and Fat Jaks. Residents also have access to a resort-style pool, a Technogym-equipped gym, private dining rooms, and a rooftop terrace with panoramic views across Parramatta, the Sydney CBD, and the Blue Mountains, all exclusive to the building.

Due to the mix of configurations, including studios which are rarely offered in today's new apartment market, first home buyers and investors have driven Mason &amp; Main to over 90 per cent sold.

Coronation Property Managing Director Joe Nahas says the development is driving a revitalisation of Merrylands, setting a high standard for future developments in the area.

Mason &amp; Main is move-in ready and is the latest in a series of award-winning mixed-use developments by Coronation Property.

Disclaimer: Mortgage repayment figures are estimates only, based on a 6.29 per cent variable rate over a 30-year term (Canstar, April 2026). Pricing and rental estimates are indicative and based on current listings and project information. Gross yield figures are indicative and derived from asking prices and estimated rental ranges. Stamp duty savings are indicative only. Buyers should seek independent financial and legal advice before proceeding.

[smartcode_project_cta:default project_id=31751]

Joel Robinson

How first home buyers can enter the Sydney property market for under $500k

Australia’s housing debate has rarely been more urgent. The National Housing Supply and Affordability Council forecasts the country could fall around 262,000 homes short of housing needs by 2029, underscoring the scale of the challenge facing planners, governments and developers.

In response, much of the conversation has centred on high-density towers around transport corridors and strategic centres.

Diversified developer Coronation Property, while also focused on well-located, strategic sites, is incorporating an arguably underutilised typology, the terrace.

Difficult to integrate into true high-rise developments, terraces have become a defining feature of Coronation’s lower-rise portfolio, including projects in Ashbury and Erskineville. <a href="https://www.apartments.com.au/buildings/ashbury-terraces-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a> places a stronger emphasis on this housing type, forming part of a broader community mix.

At its Erskineville development, <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, terraces are more limited, with just a handful&nbsp;included within the wider, predominantly apartment-led precinct, one of the first developments to launch in Erskineville in several years.

[smartcode_project:default project_id=135149 project_image_fid=368392]

Terrace residents at Lillian benefit from many of the same advantages as apartment owners, the lock-up-and-leave lifestyle and access to shared amenities like the rooftop wellness space, but with significantly more space.

Spanning multiple levels, the terraces also feature front and rear courtyards, providing direct access to the central landscaped gardens within the precinct.

<h3 data-end="212" data-section-id="1n97jye" data-start="191">The terrace model</h3>

Terrace housing has long been part of Australia’s urban fabric. From Paddington and Surry Hills to Glebe and Annandale, rows of terrace homes have shaped neighbourhood streets, offering a housing form that sits between detached houses and apartments.

The contemporary terrace, however, addresses many of the limitations of older designs, where narrow staircases and constrained layouts often compromised liveability.

[smartcode_project:default project_id=135149 project_image_fid=368157]

“Terraces represent one of the city’s most intelligent housing models,” says Joe Nahas, Managing Director of Coronation Property.

“They deliver density without losing the human scale that makes neighbourhoods liveable. In many ways, they provide a bridge between the Sydney we know and the Sydney we need to build. If Sydney is going to grow well, it can’t rely on towers alone.”

<hr data-end="1090" data-start="1087" />
<h3 data-end="1124" data-section-id="1a7l0gw" data-start="1092">The evolution of the terrace</h3>

That thinking has shaped Coronation’s approach at Ashbury Terraces, where the terrace typology has been reinterpreted for modern living.

Designed by SJB, the project recently received recognition at the 2026 Better Future World Design Awards, acknowledging its architectural clarity and response to the surrounding suburban context.

SJB Director Adam Haddow says the intent was to evolve a familiar housing form rather than reinvent it.

“The terrace is one of Sydney’s most familiar housing forms, so our approach at Ashbury was to reinterpret that typology in a contemporary way,” Haddow says.

“The homes are designed to sit comfortably within the existing neighbourhood while introducing more light, landscape and shared spaces that support modern living.”

Ashbury Terraces combines terraces, apartments and penthouses across a series of low-rise buildings, integrating contemporary architecture with landscaped communal spaces and resident amenity.

That same typology is now being carried into Coronation’s Lillian development in Erskineville, where a smaller number of terraces sit within a predominantly apartment-led precinct.

<hr data-end="2269" data-start="2266" />
<h3 data-end="2289" data-section-id="cazuws" data-start="2271">Buyer response</h3>

Coronation’s decision to include terraces at Lillian was informed by strong buyer feedback from Ashbury Terraces, where purchasers were drawn to the flexibility and scale the housing type offers.

One resident, Sweta Pursem, purchased a terrace as a single buyer, citing its long-term versatility.

“As a single buyer, it might seem surprising that I chose a terrace over an apartment, but I was thinking long term,” Pursem says.

“The terraces are incredibly versatile, catering to a range of lifestyles while still offering the space and privacy of a house.”

For Pursem, the multi-level layout provides a level of functionality not typically found in apartment living.

“Having a separate living area from the bedroom and home office makes everyday living feel both functional and comfortable. When friends and family come to visit, the layout gives a sense of privacy while still feeling open and spacious.”

Her terrace also supports a more connected, lifestyle-driven way of living.

“I love entertaining, and the courtyard is ideal for relaxed weekend drinks with friends. I tend to use each level differently throughout the day, it creates a natural rhythm between work, downtime and entertaining, which I didn’t have in apartment living.”

Ashbury Terraces is now complete and ready to move in, while Lillian in Erskineville is under construction and expected to welcome residents in mid-2027.

Coronation champions terraces as a key piece of Sydney’s housing mix

Private equity real estate firm Conquest has entered into a $220 million partnership with Woolworths’ development arm, Fabcot, to deliver its long-awaited Waterloo project on Bourke Street.

The Bourke Street development was first flagged by Fabcot back in 2021 as part of its push into Sydney’s residential market. However, progress has since stalled, with no activity on site amid a number of design revisions in consultation with the City of Sydney.

<a href="https://www.apartments.com.au/developers/conquest">Conquest</a>, which is actively planning more than $6 billion worth of new developments, predominantly mixed-use precincts, is now set to move the project forward.

The current plans include between 110 and 120 apartments across two buildings designed by Bates Smart at <a href="https://www.apartments.com.au/new-apartments/923-935-bourke-street-waterloo-nsw-2017">923 Bourke Street</a>. The scheme will incorporate a portion of apartments reserved for key workers, alongside premium commercial space at ground level, including a full-line Woolworths supermarket.

Construction is expected to commence in the second half of 2026.

Michael&nbsp;Akaawi, CEO of Conquest, said the partnership reflects the firm’s commitment to "convenience-led" urban renewal."

"We are preparing to commence construction in the second half of this year," Akaawi says.

"Along with Woolworths, we look forward to delivering the first major supermarket to the growing Waterloo community, integrated with premium new apartments and specialty retail shops. Our focus is on creating a seamless lifestyle hub where essential services are at the doorstep, saving residents time and enhancing their quality of life."&nbsp;

<img alt="Conquest" data-entity-type="file" data-entity-uuid="d8beee83-ef9b-446b-a3b3-1e2fe596512b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-01%20at%2011.08.46%E2%80%AFAM.png?VersionId=raYhGepiLUJfx4InLPRRJduA3ftDJ_kS" />

The news comes just a week after Conquest went to the NSW Government to upsize its plans for Castlecrag's Quadrangle Shopping Centre.

Conquest purchased the site for just shy of $70 million last year, with existing plans in place for a mixed-use residential and retail precinct comprising 38 luxury apartments.

Those plans have now been significantly expanded, with the developer lodging a State Significant Development Application with the NSW Government’s Housing Delivery Authority for 150 apartments across two 11-storey buildings. The apartments will sit above a four-storey podium, incorporating specialty retail tenancies and five levels of basement car parking, on the 5,166 sqm site at&nbsp;<a href="https://www.apartments.com.au/new-apartments/100-edinburgh-road-castlecrag-nsw-2068">100 Edinburgh Road</a>.

Conquest has been increasingly active in the development space in recent years. The group acquired the&nbsp;<a href="https://www.apartments.com.au/developments/eastlakes-nsw-2018">Eastlakes</a>&nbsp;Shopping Centre redevelopment, where it plans to deliver more than 1,000 apartments above a new retail precinct, and has also lodged a $900 million State Significant Development Application for a&nbsp;<a href="https://www.apartments.com.au/news/nsw/conquest-unveils-900m-stanmore-village-vision-for-landmark-inner-west-site">mixed-use precinct in Stanmore</a>.

Conquest partners with Woolworths to deliver mixed-use Waterloo project

A shift away from Sydney’s industrial past has left parts of the inner south defined by contrast, brick warehouses repurposed into dining precincts, former factory streets softened by landscaping and pedestrian activity.

Rosebery is one of those suburbs. Over the past decade, it has undergone significant gentrification, anchored by The Cannery, which has helped reposition the area as one of the inner city’s most sought-after lifestyle pockets.

What hasn’t kept pace with that transformation is new residential supply, which has remained relatively limited. Builder-developer Deicorp identified that gap early, securing a site in 2019 and delivering what is now one of the suburb’s most architecturally distinctive developments.

To realise the vision, Deicorp engaged Candalepas Associates to design The Rothschild, a project that is immediately recognisable from the street.

Completed in 2025, The Rothschild comprises two buildings across Rothschild and Mentmore Avenues, delivering 176 apartments. The development replaces a former industrial site, retaining a material and structural dialogue with its past while introducing a more resolved residential framework. The scale is deliberate but not monolithic, broken into forms that engage both street frontages, with retail at ground level and two levels of basement parking below.

[smartcode_project:default project_id=106843 project_image_fid=221665]

From the street, the architectural intent is clear. Off-form concrete columns run through the façade, establishing a repeated structural rhythm that gives the building its visual weight. These are paired with deep-set arches and sections of exposed brickwork, creating a layered elevation that reads less like a typical apartment block and more like a reinterpretation of industrial architecture.

The material palette is intentionally restrained, with concrete left exposed and brick used to define mass rather than decoration. The result is a building that stands out through proportion and repetition, rather than height or glazing.

This approach continues internally. A central landscaped courtyard sits between the two buildings, anchored by an olive grove that acts as both a visual and spatial focal point. Rather than functioning as residual space, the courtyard is designed as a shared ground plane, where circulation paths, seating areas and planting come together to create a usable communal environment. Its positioning allows natural light to penetrate deep into the site while maintaining separation between residences.

[smartcode_project:default project_id=106843 project_image_fid=221666]

Within the apartments, the planning follows a clear and functional logic. Entry points lead directly into open-plan living areas, with kitchens positioned as central elements alongside dining and lounge spaces. These zones extend to balconies or external openings, maintaining a visual connection to either the courtyard or the street.

Kitchens prioritise practicality, with generous bench space, ample storage and European appliances configured for everyday use. Bedrooms are typically set back from the main living areas, creating quieter zones within each residence, with separation achieved through layout rather than material change. Bathrooms are compact but efficient, incorporating mirrored cabinetry and integrated storage to maximise space. Across all residences, the emphasis is on clarity of movement and functional planning.

[smartcode_project:default project_id=106843 project_image_fid=221669]

At ground level, retail and hospitality uses extend the building’s presence beyond its residential function. A café or restaurant space, alongside communal amenities such as a music room and rooftop areas, positions the development as part of a broader urban network rather than a standalone project. These shared spaces reinforce a lifestyle where the building operates as an extension of the surrounding neighbourhood.

Rosebery’s proximity to Green Square, The Cannery and nearby parklands supports this model of living, where much of daily life is within walking distance. The Rothschild sits comfortably within that network, contributing to the streetscape through its distinctive architecture, while internally organising space around light, structure and communal use.

The Rothschild is now complete and ready to move in, with limited residences remaining.

[smartcode_project_cta:default project_id=106843]

The Rothschild reinterprets Rosebery’s industrial DNA into residential form

KTQ has unveiled&nbsp;<a href="https://www.apartments.com.au/new-apartments/casilia-16-marine-parade-coolangatta-qld-4225">Casilia</a>, the final residential release within the Kirra Point precinct which really kicked off the boom in the area back in 2019.

The final stage comprises&nbsp;87 residences and marks the culmination of a long-term, family-led vision for Kirra Point, as the precinct moves toward completion in tandem with the development.

Around $100 million in sales have been achieved already, close to 35 per cent of the residences secured ahead of launch. There have been a significant number of buyers returning from the first stage of the development, Miles Residences, securing another property within Kirra Point.

[smartcode_project:default project_id=152295 project_image_fid=368410]

Selling agent Tim Keenan from Keenan Byrne said the response reflects both the scarcity of the offering and Kirra’s growing reputation as a premium coastal market.

“This is effectively Kirra’s final act, the last release within what has become one of the Southern Gold Coast’s most tightly held beachfront precincts,” Keenan said.

“We’ve seen exceptionally strong pre-sale interest, from VIP waitlists through to off-market enquiry, which speaks to both the quality of the product and the confidence buyers have in the precinct. What’s particularly compelling is the number of buyers returning from Miles, either upgrading or investing again, which is a strong signal of how the precinct has been received."

Keenan adds that at the same time, north-facing beachfront remains exceptionally rare in Australia, limited to places like Noosa, Byron and Kirra, which is underpinning long-term value.

[smartcode_project:default project_id=152295 project_image_fid=368415]

Positioned along one of Australia’s few true north-facing beaches, Casilia offers a mix of two and three-bedroom residences with pricing ranging from $1.87 million to $7.15 million and two exclusive penthouses. Residences are oriented to capture varying outlooks, from uninterrupted Pacific Ocean views across Kirra Beach to hinterland vistas, with upper levels and shared amenity taking in sweeping perspectives along the Gold Coast coastline.

At rooftop level, a north-facing pool deck captures expansive, uninterrupted views over Kirra Beach and north towards Surface Paradise. The space incorporates a heated resort-style pool, mineral spa, sun lounges and a covered BBQ cantina.

Buyer profiles are broad, typically aged between 40 and 70, with a strong skew toward second-home ownership, drawn by a combination of lifestyle, relative value, proximity to Gold Coast Airport and lower congestion compared to more established markets such as Byron Bay and Noosa.

[smartcode_project:default project_id=152295 project_image_fid=368414]

The project is being delivered by <a href="https://www.apartments.com.au/developers/ktq-group">KTQ Group</a>, a family-owned Australian property group with a diverse portfolio spanning residential, hospitality and commercial developments. The group has delivered a number of notable projects across sectors, including the award-winning Elements of Byron resort, demonstrating its depth of experience across both hospitality and residential development.

Known for its long-term approach to place-making, KTQ Group retains a vested interest in its projects, often holding assets within its portfolio, which has also helped build trust among buyers and reinforced confidence in both the vision and delivery certainty of the precinct.

“Casilia represents the final opportunity to secure a residence within Kirra Point and brings to market the last release within our long-term vision for the precinct," KTQ Group's Jeremy Holmes said.

"Kirra Point has been more than a decade in the making, and that timeframe reflects the care behind each decision, it takes listening, balance and vision to arrive at something that feels right for the location.

“Our approach has always been to deliver Kirra Point as a destination in its own right, a connected coastal neighbourhood integrating residential, hospitality and wellness, rather than a standalone project. It’s a vision that respects place, pace and permanence, and contributes to a sense of community that feels authentic to Kirra.”

[smartcode_project:default project_id=152295 project_image_fid=368411]

Once complete, the Kirra Point masterplan will incorporate a mix of dining establishments, bars and cafés, alongside the Kirra Point Health Club and a future 91-room independent resort hotel, creating a walkable, integrated lifestyle precinct.

Architecutue and interiors at Casilia have been designed by the experienced design houses of <a href="https://www.apartments.com.au/architects/little-boat-projects">Little Boat Projects</a> and O’Neil Architecture &amp; Interior Design, The design moves beyond the conventional coastal apartments, instead taking cues &nbsp;from the surrounding landscape - layering natural materials, soft curves and warm textures to create spaces that respond to light, airflow and the rhythms of coastal living.

Residences are designed with an array of floorplates, generous proportions and intuitive flow, while at ground level Casilia connects into the broader precinct, where future laneways, retail and hospitality offerings will contribute to a neighbourhood defined as much by how people live day-to-day as its beachfront position.

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The final residential release within the Kirra Point masterplan is set to launch, as strong pre-sales signal sustained demand for the Southern Gold Coast

A decade in the making: KTQ launches Casilia at Kirra Point

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.

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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.

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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.

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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.

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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?

Four years ago apartment developer Sarazin's Silk One development on Woolloongabba’s Stanley Street caught the attention of those looking for an opportunity to buy an apartment in&nbsp;Woolloongabba, which at the time was just&nbsp;an attractive place to live because of it's proximity to the city and vibrant shopping and retail options.

Fast forward a few years and Woolloongabba will now be the epicentre of the 2032 Summer Olympics.

The announcement of the biggest sporting event in the world coming to the capital has lit a spark not only under the Queensland Government, who have committed to billions of dollars worth of infrastructure investment to the area, as well as residential developers who are looking to make their mark in the precinct which will have over three billion eyes on it in less than a decade.&nbsp;

Sarazin have another opportunity for prospective buyers to buy in the Olympic ring, albeit one street outside of Woolloongabba in East Brisbane.

They've just launched&nbsp;Murcia Residences, just around the corner from Silk One on Overend Street, with an equally impressive rooftop amenity that rivals their previous project.

[smartcode_project:default project_id=135094 project_image_fid=214682]

The development is inspired by the Spanish city of Murcia, with Sarazin's aim to create "La Vida Bella", Spanish for "The Beautiful Life."

Murcia Residences will be topped with an expansive and landscaped amenity space, taking in sweeping panoramic views across the city skyline. The focal point will be the infinity swimming pool, complemented with shaded cabanas and sun lounges.

[smartcode_project:default project_id=135094 project_image_fid=214687]

Just steps away from the pool will lie the unique wellness centre, where residents can benefit from chilled and heated magnesium plunge pools, a steam room and a sauna.&nbsp;

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Residential amenity will also be featured across the ground level, with new cafes offering a convenient pit stop for residents.

The second level of Murcia will feature a fully equipped gym, while there'll also be a dedicated bike repair workshop.

[smartcode_project:default project_id=135094 project_image_fid=214683]

Murcia Residences will deliver a collection of one, two, three and four-bedroom apartments, all designed to offer spacious and open plan living.&nbsp;

The generous proportions of the living spaces seamlessly blend indoor and outdoor living, allowing residents to bask in the Queensland climate while enjoying views of the city, the river, and the verdant eastern suburbs.

[smartcode_project_cta:default project_id=135094]

Sarazin have another opportunity for prospective buyers to buy in the Olympic ring, albeit one street outside of Woolloongabba in East Brisbane

Hovering above The Gabba: Sarazin produce special rooftop at Murcia Residences

Joint venture partners Monaco Property Group and Polites Property Group are bringing resort inspired living to their Runaway Bay development, Belvue.&nbsp;

The waterfront Belvue, French word for beautiful view,&nbsp;will feature a boutique collection of full floor sky homes, three freestanding villas, and an array of resort-style amenity.&nbsp;

Designed to cater to the mind, body and soul, Belvue will deliver a holistic approach to health and wellbeing, with a range of relaxation and rejuvenation spaces.&nbsp;

[smartcode_project:default project_id=108982 project_image_fid=210152]

The jewel in the crown, the waterfront pool, provides the perfect spot to bask in the Queensland sun.&nbsp;Subtropical foliage and vibrant vegetation encircle the central pool, creating an oasis of greenery.

Residents will also benefit from a barbecue pavilion, in addition to cabanas and daybeds which are scattered throughout the landscape.&nbsp;

[smartcode_project:default project_id=108982 project_image_fid=210150]

When it's time for respite, there's also a resident-only spa and sauna.&nbsp;

Belvue also prioritises the physical wellbeing of its residents. The residents gym, equipped with state-of-the-art facilities, offers a dedicated space for fitness, with the space also integrating a dedicated yoga area.&nbsp;

When the development application was submitted to the Gold Coast City Council, Plus Architecture called&nbsp;Belvue&nbsp;"the sophisticated newcomer to Runaway Bay."

"It's an elevated lifestyle with resort-style amenities," the Design Statement read.

Whole floor apartments, with 273 sqm of living space, start from $3,545,000.

[smartcode_project_cta:default project_id=108982]

Designed to cater to the mind, body and soul, Belvue will deliver a holistic approach to health and wellbeing, with a range of relaxation and rejuvenation spaces

Belvue Runaway Bay: A haven of luxury and wellness

The final apartments in the penultimate towers of Sekisui's West End masterplan, West Village, are now being sold.

The Allere Collection, which comprises two side-by-side towers Uno and Duno, is over 85 per cent sold. They'll be joining a thriving, well established community when they're completed in late 2024, a decade after Sekisui started the award-winning redevelopment of the much-loved Peters Ice Cream factory site.

The Allere Collection has proven popular with a variety of demographics, from first home buyers, pet owners, and young and established families, given the Mollison Street project sits within close proximity to seven schools.

Both Uno and Duo have been designed by renowned architecture firm Rothelowman, and rise 20 storeys above the West End precinct.

Residents within the Allere Collection will also have the benefit of enjoying double the amenity, with shared access to both Uno and Duo rooftops.

Crowning the Uno tower will be a pool, enclosed dining space, seating areas, a vegetable garden, conservatory, as well as ‘Paw Pavilion’ - an off leash dog space on the rooftop.&nbsp;Topping Duo will be a pool, heated spa, enclosed lounge room and dining space, along with outdoor barbecue facilities and sun loungers.&nbsp;

[smartcode_project:default project_id=114215 project_image_fid=207148]

The Allere Collection offers an incredibly connected lifestyle for it's resident which not many other projects can offer in the whole of Brisbane, given a large part of the extensive 2.6 hectare masterplan is dedicated to creating a connected village vibe.

A full-line Woolworths supermarket ensures easy access to daily essentials, while Harris Farm Markets provides fresh produce. Goodlife Health Clubs cater to fitness needs, and a chemist and medical centre offer comprehensive healthcare services.

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There's over 25 food and lifestyle providers which offers a diverse range of dining and leisure options.

Art and culture enthusiasts will find delight in the on-site Metro Arts Theatre Precinct, hosting regular performances by renowned organisations such as Opera Queensland and Queensland's Chamber Orchestra, Camerata.&nbsp;

Nestled within a living heritage village that pays homage to the iconic Peters Ice Cream and Cone Factories, The Allere Collection embraces its rich history. Built in 1920, the factories have become an integral part of the village's charm and character.

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Sustainability lies at the core of The Allere Collection's ethos. The development incorporates various initiatives to minimise its environmental impact and create a harmonious living space.&nbsp;As a 6-star Green Star Community, it sets a new standard for environmentally friendly living. Tinted windows help reduce heat gain and energy bills, while rainwater tanks and plumbing for a greywater recycling system contribute to water conservation. A 21kW solar PV system generates renewable energy for communal areas, reducing the community's reliance on traditional power sources.

Expansive green spaces provide residents with a connection to nature, while sustainability measures are integrated throughout the community. The Walk Score of 99 out of 100 signifies the high level of walkability and accessibility.

[smartcode_project_cta:default project_id=114215]

The Allere Collection offers an incredibly connected lifestyle for it's resident which not many other projects can offer in the whole of Brisbane, given a large part of the extensive 2.6 hectare masterplan is dedicated to creating a connected village vibe

Sekisui's The Allere Collection in West Village hits 85% sold

One of the most significant amenity when developers and architects look to design high-end hotels or resorts is the central swimming pool, which anchors the whole development and fosters a sense of rest and relaxation.

That's the level of sophistication local Gold Coast developer Monaco Property Group wanted to achieve with it's newest development Capri, the first large-scale residential project on Isle of Capri in over three decades.

The 1.2-hectare masterplan, designed by Plus Architecture, comprises just 48 two and three-level villas, which are being developed around a central swimming pool.

[smartcode_project:default project_id=139511 project_image_fid=213456]

The resort-style pool, which features submerged lounge chairs, sits adjacent to a&nbsp;sunbathing deck terrace set under soaring palms.

For those who appreciate outdoor dining, an outdoor dining terrace offers the perfect setting to savour meals amidst the tropical ambiance.

The lush tropical gardens of Capri evoke a sense of tranquility and offer residents a private escape. Carefully landscaped with tropical palms, canopy shade trees, and exotic plants, the coastal garden resort creates a serene backdrop for moments of solace.

[smartcode_project:default project_id=139511 project_image_fid=213457]

Shaded cabanas provide the ideal spot to recline and unwind, allowing residents to embrace the peace and tranquility of their own personal oasis.

Residents will also have exclusive access to an indoor lounge that exudes opulence. The lounge features a built-in bar, dining area, a fully-equipped kitchen, an electric fireplace, and a large screen TV.

[smartcode_project_cta:default project_id=139511]

The 1.2-hectare masterplan, designed by Plus Architecture, comprises just 48 two and three-level villas, which are being developed around a central swimming pool

Resort-style living at Isle of Capri's newest villa collection

A Sydney investor has filed plans for a short-term holiday rental tower on the corner of Cannes Avenue and the Gold Coast Highway in Surfers Paradise.

The tower, designed by Archidiom, will comprise 29 one and two-bedroom apartments, and two villas, on an irregular shaped 955 sqm site across 4 Cannes Avenue and&nbsp;2830 Gold Coast Highway. The site wraps around the back of the Surfers Paradise Motor Inn.

Cannes Avenue, south of Neddy Harper Park, isn't well known for multi-res developments. The most popular was Marquee Development Partners' One Cannes, which is approaching completion. That followed Marquee's first project on the exclusive street,&nbsp;Cannes Waterfront.

<img alt="4 Cannes Avenue" data-entity-type="file" data-entity-uuid="3fbb06f0-ed21-4991-a56c-668a1fad86e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%203.14.11%20pm.png?VersionId=MjViN8cHKxRWnSieFE4MHxC0D405WdLN" />

The proposed development will have 21 one-bedroom apartments and eight two-bedroom apartments, as well as two two-bedroom villas.

The main building will be crowned by a&nbsp;rooftop pool, spa, and a barbecue recreational area under an open pergola.&nbsp;Part of the project will be 40 parking spaces and 14 bicycle spaces.

The Landscape Intent Statement, prepared by Sydney-based landscape architecture firm LDG LA, said the landscape design provides a unique, contemporary and sophisticated character.

<img alt="Surfers" data-entity-type="file" data-entity-uuid="701032ad-e577-4dca-ac10-3ec966f51f46" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%203.14.07%20pm.png?VersionId=7AUaYDZhGpe1Ds.uvRzMUSfH0yVJJlv1" />

"The design complements the proposed architectural style whilst acknowledging the prominent coastal location of the site and context within Surfers Paradise and the Gold Coast region.

"The design intends to cater for its residents’ modern lifestyle requirements and encourage outdoor living and an active engagement with the beach environment.

"The landscape provides a place of sanctuary with relaxed leisure opportunities, comfortable pedestrian access and spatial and visual variety for interest."

The tower, designed by Archidiom, will comprise 29 one and two-bedroom apartments, and two villas, on an irregular shaped 955 sqm site across 4 Cannes Avenue and 2830 Gold Coast Highway.

First look: New Surfers Paradise apartment tower planned for Cannes Avenue

Albion's landmark Breakfast Creek Hotel is set to get a new neighbour, with a Sydney investor filing plans for a two-tower project across the road.

The plans, submitted by DRJ Investments on a 2,569 sqm block spanning 4 Higgs Street and 11 Sandgate Road, are for two 17-level buildings homing 199-apartments, rooftop recreation, and an activated ground plane.

Architecture firm Jackson Teece said in their Design Report that the neighbouring heritage-listed Breakfast Creek Hotel played into the design.

<img alt="Breakfast Creek Hotel" data-entity-type="file" data-entity-uuid="08d2ffc7-ca91-430f-91e7-395b467f6b73" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%204.39.17%20pm.png?VersionId=jGEF5LbL7b4Z1UY.b_5mA8TTEUH_xSDT" />

"This proposed development provides an opportunity to renew and further establish a highly activated and people oriented precinct," the report said.

"The existing Breakfast Creek Hotel, a rare and historic cultural icon, is central to our consideration for the revitalisation of the precinct.

"The podium extends one level above the Breakfast Creek Hotel in order to provide a sympathetic and natural backdrop, emphasising the profile and character of the historical hotel and its hero'ing architectural style without competing."

They said hospitality uses will be pursued that are complementary to the existing operations of the hotel. The food and beverage tenancies will run alongside the pedestrian traffic on the Breakfast Creek pathway. The ground level restaurant will provide a semi-outdoor, subtropical dining area.

"This area is intended to be utilised by residents for breakfasts and likely offer a variety of complementary and inclusive refreshments, and act as a meeting area for breakfast, lunch and for occupants to relax," the report added.

<img alt="Breakfast Creek Hotel" data-entity-type="file" data-entity-uuid="864d2ef6-37c1-4d9f-8d62-e7d7d36afee0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%204.39.50%20pm.png?VersionId=P8SdYMHBUcNHmXDzLd_2A_T1cdO6bpQY" />

There will be 45 one-bedroom apartments, 117 two-bedroom units, and 16 three-bedrooms, as well as 21 two and three-bedroom SOHO apartments (part residential, part commercial).

Each of the podium apartments on the lower levels will benefit from large outdoor areas fringed by landscaping.

70 per cent of the apartments maximise northern and a north east aspect, and another 70 per cent maximise south and south eastern primary views to the City and Brisbane River as well.

The buildings are crowned with a rooftop recreation area with a 20 metre lap pool and spa, poolside cabanas, a gym with a yoga deck, a cinema room, business centre, private dining space, and a communal recreation space.&nbsp;

<img alt="Breakfast Creek Hotel" data-entity-type="file" data-entity-uuid="8baa33c3-6b7a-43ff-99a1-d241f8a4cfde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%204.39.45%20pm.png?VersionId=MJ7eWlsr9UH7PVjOExA_pwFJp8Qt8Tez" />

Town Planning Report by Place Design Studio said the proposed development has been expertly designed to embrace the subtropical climate of Brisbane and achieve the vision and design benchmarks of the New World City Design Guide – Building that Breathe.

"Specifically, the proposed development implements principal elements of living greenery, streetscape activation, sunlight, natural air and ventilation, landscaped podium courtyards, and generous outdoor living spaces for each apartment.

"Furthermore, the proposed development includes a large, pedestrian oriented and landscaped plaza, extending from the ground level and out onto the end of Higgs Street between the site and the Breakfast Creek Hotel.

"This plaza represents a significant upgrade to the public realm and a substantial placemaking outcome for the locality. The plaza is a significant community benefit and one which would not have been delivered by the current City Plan outcomes.

Currently on the site is a one-level office building.

Architecture firm Jackson Teece said in their design report that the neighbouring heritage-listed Breakfast Creek Hotel played into the design.

Albion's iconic Breakfast Creek Hotel to get new neighbour

Brisbane unit values continued their consistent value growth pattern across June, according to property data analytics firm CoreLogic's Monthly Hedonic Home Value Index.

Unit values rose a further one per cent last month, following gains of 1.1 per cent in May and 0.9 per cent in April.

Brisbane's median unit value broke through the $500,000 barrier in May. Now it's over $512,000, according to CoreLogic, after year to date gains of three per cent.

Units in Brisbane have proven to be one of the best performing markets over the last 12 months despite the nation-wide downturn fuelled by rising interest rates. Compared to this time last year, Brisbane unit values are 1.5 per cent higher. Only Perth and Adelaide's units have seen growth over the same period.

CoreLogic's Research Director Tim Lawless says a lack of available supply continues to be the main factor keeping upwards pressure on housing values.

“Through June, the flow of new capital city listings was nearly -10 per cent below the previous five-year average and total inventory levels are more than a quarter below average.

Read more:&nbsp;<a href="/news/nsw/city-beat-june-2023-sydney-secures-off-the-plan-sales-success-at-affordable-and-luxury-ends-of-the-market">City Beat June 2023: Brisbane's tight supply drives off the plan apartment sales</a>

"Simultaneously, our June quarter estimate of capital city sales has increased to be 2.1% above the previous five-year average.”

Although housing values continue to record a broad-based upswing, the pace of growth across most capitals eased in June.

“A slowdown in the pace of capital gains could be a reflection of a change in sentiment as interest rate expectations revise higher,”&nbsp;Lawless added.

“Higher interest rates and lower sentiment will likely weigh on the number of active home buyers, helping to rebalance the disconnect between demand and supply.”

<h2>Brisbane's off the plan update July 2023</h2>

Those developers who have had their projects in market over the last few months, and have either shown buyers they've delivered quality product previously or they have agreements in place with builders, are securing strong sales.

Colliers Director Residential Lily O'Connell says buyer activity throughout the first half of 2023 has been incredibly positive across their Brisbane projects.

"We’ve consistently experienced higher than average enquiry numbers and inspections as demand continues to outstrip supply," O'Connell says.

"There’s been immense media hype around the high-end apartment market, however buyer demand isn’t isolated to the top end. We’ve experienced strong sales activity across all product types and price points."

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O'Connell says that while&nbsp;local owner occupiers have predominantly driven buyer activity, they have witnessed a surge in renewed interest from interstate and overseas buyers, both owner-occupiers and investors.

Three key trends have emerged so far in 2023, O'Connell says, the first, unsurprisingly, being the substantial number of downsizers.&nbsp;

"The key difference to previous observations is their inclination to deviate from traditional retirement living and instead opt to remain in their apartment for the foreseeable future. As a result, factors such as accessibility, apartment liveability and lifestyle amenity hold utmost importance to them."

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The second trend is the all-time high demand for two-bedroom, two-bathroom apartments with two car spaces and a multi-purpose room.

"Historically, this particular group of buyers would typically opt for three-bedroom apartments," O'Connell says, adding however that, due to subsequent price changes in off the plan properties, this configuration has become an affordable and appealing lifestyle alternative.&nbsp;

The third has been significant demand for larger three-bedroom apartments which are at the more affordable end of the three-bed market.

"In our projects across Brisbane, we have amalgamated a total of eighteen individual apartments to create nine larger apartments. These apartments are typically situated on the lower levels of a building which have created more affordable price point options."

[smartcode_project:default project_id=113455 project_image_fid=211471]

Place Kangaroo Point Director Simon Caulfield has been secure record-breaking sales on Brisbane's riverfront over the last few months.

He says Brisbane has "come of age."

"The price data indicates a shift in perception and a growing recognition of the city's potential among buyers," Caulfield said.

"The limited listings in Brisbane's premium suburbs and the notable sales in New Farm and Kangaroo Point have created a sense of urgency surrounding this price point.

"Place Advisory says penthouse sales have risen by 350 per cent since 2017, as luxury and security become front of mind for cashed-up interstate and local buyers."

Earlier this year Caulfield sold Spyre Group's Moray House penthouse for a new record $15.75 million, as well as the smallest whole floor apartment in the six-level New Farm building, for $9 million. That apartment, with 259 sqm of internal living area, represented a price of over $34,000 per sqm, a price more commonly achieved in Sydney or Melbourne.

[smartcode_project:default project_id=105057 project_image_fid=209769]

"It is not just the views that are creating this sense of urgency; it is the limited opportunities available in this market," Caulfield added.

"The demand for premium properties with exceptional features and locations has surpassed the available supply. Buyers are recognizing the potential for future growth and are eager to secure their place in this burgeoning market.

"Brisbane has indeed come of age, and buyers are taking note.

"The recent sales at the higher end of the market, coupled with limited opportunities and the allure of exceptional views, have created a sense of urgency and heightened interest among buyers. The city's potential for growth and the prospect of securing a premium property have positioned Brisbane as a compelling destination for real estate investment."

[smartcode_project:default project_id=105057 project_image_fid=209770]

Position Property Director Richard Lawrence says demand is outstripping supply, and that will continue well into next year.

"The Brisbane residential property market is at a critical crossroad, with new listings across the city reported as being 17.8 per cent lower than the previous five-year average, and almost 20 per cent lower than this time last year," Lawrence said.

"With more than 700,000 migrants forecast to make the move to Australia by 2024, combined with interstate migration, this unprecedented demand will continue to outstrip supply."

Lawrence says, with inflation and construction costs continuing to rise each quarter and momentum building towards the Brisbane 2032 Olympics, he can’t see the trend in supply or property prices changing in the coming months or years.

Brisbane's median unit value broke through the $500,000 barrier in May. Now it's over $512,000, according to CoreLogic, after year to date gains of three per cent

City Beat July 2023: Brisbane "has come of age" as apartment demand booms

While preparing to launch its next Broadbeach apartment tower The Sterling, veteran developer Raptis has listed a prime development site in the heart of the same suburb.

They're selling a 1,548 sqm block at 5-9 Anne Avenue, with development approved plans for a 224-apartment project.

Raptis however tweaked those plans in late 2021, proposing a 35-level tower with 146 apartments designed by Bates Smart. That application is still sitting with council.

The new project submission is geared more toward owner-occupiers, with 56 two-bedroom apartments, 84 three-bedroom units, and six penthouses.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="bc40decc-a784-4b6c-ae70-992705450e75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%2010.49.53%20am.png?VersionId=k3S2WxjiIdrwRNREQEo5ohrtWf4pVW33" />The Bates Smart proposal. Image credit: Bates Smart

On the design, Bates Smart said they had been inspired by the natural beauty of the site, its desirable climate and thriving context when crafting these well appointed residences.

"Its architectural form and expression takes inspiration from the flora of the region, embodying a natural, biophilic character that is legible at all scales of the proposal," the prominent architecture firm stated in their design statement submitted in late 2021.

"A human scaled podium welcomes visitors and residents to the ground floor lobby that is nestled amongst a verdant landscape setting with deep planting zones along the street edge and perimeter ground level planting.

"The character and disposition of the podium is defined by distinct sculptural bays which echo the prevailing street scale rhythm and form along Anne Ave."

<img alt="Raptis" data-entity-type="file" data-entity-uuid="8862b1c3-d6cd-4334-a8ce-cb26fc5e1d99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%2010.34.12%20am.png?VersionId=4ZImr70B1hL0S9uRMBwNaPiwce8WYiGu" />The Bates Smart proposal. Image credit: Bates Smart

GV Property Group's Luke Reaby and Antonio Mercuri are selling the development, and they've already had interest from local builder developers.

"There are limited sites left in the CBD of Broadbeach this close to the beach that come with development approval," Reaby says.

"Anne Avenue is one of the best street in Broadbeach, being walking distance from the Oracle, the beach, Casino and Pacific Fair.&nbsp;This appeals to all demographics&nbsp;and makes for any development to be a very saleable/demanded project."

Pezet Matheson's Jayde Pezet, who provided revenue advice, says Broadbeach is widely recognised as the lifestyle epicentre of the Gold Coast.

"Located in Southern Broadbeach, Anne Avenue represents a prime site with a wide 51 metre street frontage. The site has strong city, ocean and hinterland view corridors and is located only footsteps from the beach. Mid and high-level apartments will capture spectacular ocean views to the East.

Overall, the site is in a highly desirable location, close to Broadbeach’s CBD, providing purchasers with superior walkability and an exceptional coastal lifestyle

Pezet Matheson have been master agents across a number of Broadbeach projects over the years, including Little Projects' Signature Broadbeach, The Oracle, and the well-known Star Residences.

Pezet says they are confident in achieving a sales rate of between $11,000 to $16,000 per sqm, inclusive of internal and balcony space.

Raptis is turning its attention to The Sterling Broadbeach on George Avenue, which they are soon to launch.

They reconfigured the tower extensively after understanding the change in market conditions, paired with continually growing construction costs. They have taken off 17 levels of the approved Koichi Takada-designed tower, now&nbsp;

[smartcode_project:default project_id=101620 project_image_fid=210398]

"The approved design, which was first conceived over two years ago, has been subject to detailed investigations in terms of marketability and constructability," the minor change submission to the Gold Coast City Council noted.

"These investigations have determined that the approved product mix is no longer suitable for the current property market both in terms of the type and amount of product proposed.

<a href="/news/qld/first-look-exclusive-raptis-to-chop-17-levels-off-the-sterling-broadbeach-apartments">Read more:&nbsp;First look exclusive: Raptis to chop 17 levels off The Sterling, Broadbeach apartments</a>

"More importantly, it has been determined that the approved design is no longer feasible from a construction perspective due to the substantial changes that have occurred within the construction industry in terms of build costs and material supply.

[smartcode_project:default project_id=101620 project_image_fid=210397]

"Given the challenges that have been identified as part of ongoing investigations, it has been determined that the size and scale of the development must be reduced in order to allow for it to progress to the construction phase of the development process."

They're also in the final stages at Pearl Main Beach, their 30-level tower on Main Beach Parade.

All of the two-bedroom apartments are sold out. The three-bedroom apartments are priced from $1.8 million.

[smartcode_project:default project_id=106752 project_image_fid=169993]

GV Property Group recently sold Raptis' other development approved site in Chelsea Avenue, Broadbeach to Amalgamated Property Group.

Read more:&nbsp;<a href="/news/qld/first-look-amalgamated-property-group-double-down-on-broadbeach-apartment-market-with-raptis-site-acquisition">First look: Amalgamated Property Group double down on Broadbeach apartment market with Raptis site acquisition</a>

They're selling a 1,548 sqm block at 5-9 Anne Avenue, with development approved plans for a 224-apartment project

Raptis list prime apartment development site in the heart of Broadbeach

A Gold Coast Highway site that was sold last year is set to become a boutique apartment building.&nbsp;

It was the first time in four decades the 455 sqm site&nbsp;at&nbsp;1367 Gold Coast Highway had sold.

A six-level building, including the roof level, has been put forward to the Gold Coast City Council. 
<img alt="Gold Coast Highway" data-entity-type="file" data-entity-uuid="f4c9092c-02b7-42bb-baa8-4dcef9882613" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-30%20at%202.57.17%20pm.png?VersionId=A8Yeb7BhfUTuh9RRTT7p3s0GBrgcUbM2" />

There will be just four full-floor apartments, a rooftop with a swimming pool and deck, and a ground-level communal lounge and multi-purpose room.

Each of the apartments in the Plus Architecture-designed building will have three bedrooms, a multi-purpose room, and an open plan kitchen, living and dining space which meets a balcony.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="7082e31f-d35c-410e-b076-d10db5914c1a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-30%20at%202.58.27%20pm.png?VersionId=yobCKcvr0G6V_HT.Y420vuzs8dld9gbY" />

Local landscape architecture firm&nbsp;LDGLA handled the landscaping.&nbsp;

They said the project represents an "attractive landscape setting which promotes a beachside aesthetic and relaxed coastal atmosphere."

"The design complements the proposed architectural style whilst acknowledging the prominent coastal location of the site and context within Palm Beach and the Gold Coast region.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="b77952fa-ea6b-49cd-8562-0aa1ffa3f637" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-30%20at%202.57.33%20pm.png?VersionId=VQEHO3VVogM16mV1i_bgMCLlttVvjZW_" />

"The design intends to cater for its residents’ modern lifestyle requirements and encourage outdoor living and an active engagement with the beach environment. The landscape provides a place of sanctuary with relaxed leisure opportunities, comfortable pedestrian access and spatial and visual variety for interest."

The site is ideally located for connectivity. There are five Translink bus stops within 400 metres of the project, and a station as part of the new light rail is proposed at Nineteenth Avenue, just 340 metres south.

A six-level building, including the roof level, has been put forward to the Gold Coast City Council

Low-rise four-pack planned for Gold Coast Highway site in Palm Beach

Late last year Pacifico Investments launched Florian in Surfers Paradise, offering buyers a riverside-facing lifestyle not usually on offer in Surfers Paradise apartment towers.

Drawing inspiration from the lifestyle of the French Riviera, Florian takes advantage of its river-facing Monaco Street location, oriented to overlook the river.

Pacifico also had prominent interior designers Coco Republic keep the French Riviera theme going inside the apartments, which feature light, coastal tones.

[smartcode_project:default project_id=7349 project_image_fid=207397]

The project saw huge demand due to its uniqueness, and sold out all of the two-bedroom apartments.

Pacifico Director Carl Knaggs said they saw a&nbsp;gap in the Surfers Paradise apartment market that didn't hit the mark for a lot for owner-occupiers.

"Most of the buyers have been local owner-occupiers," Knaggs said.

[smartcode_project:default project_id=7349 project_image_fid=207399]

"We really hit a gap in the market where owner-occupiers were priced out of the real boutique, luxury apartment blocks on the beach, and didn't want to reside in a high density tower."

Now with 30 per cent sold, Pacifico have appointed Alex Scionti's Rocking Horse Construction to handle the build.

Scionti, who is also a director at Pacifico, established Rocking Horse Construction in 2014. Since then they successfully delivered over 30 apartments projects, the most recent an award-winning project in&nbsp;Brighton Le Sands&nbsp;and one in Baulkham Hills, both in Sydney.

[smartcode_project:default project_id=7349 project_image_fid=207395]

Knaggs said it's important during the current construction climate that they're able to work with Rocking Horse on the project.

"Securing a builder is a big confidence booster for buyers who are seeing projects across the Gold Coast not go ahead," Knaggs says.

Rising 17 levels, Florian offers just 45 residences, a mix of two and three-bedroom apartments.

The apartments feature full-height glass windows and high ceilings which flood each home with natural light, while oversized balconies provide panoramic views of the river, parkland, and hinterland.

[smartcode_project_cta:default project_id=7349]

Rising 17 levels, Florian offers just 45 residences, a mix of two and three-bedroom apartments.



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