<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

Joel Robinson

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

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Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

National apartment developer Abadeen has topped out its debut Gold Coast apartment project,&nbsp;<a href="https://www.apartments.com.au/new-apartments/villea-palm-beach-26-mawarra-street-palm-beach-qld-4221">Villea Palm Beach</a>.

Buyers will move into the $120 million development in early 2026, with builder Emicon now focusing its attention towards the fitout stage of the apartments.

<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>’s Executive Chairman and Founder, Justin Brown, said topping out at Villea represented an exciting step forward for the company’s national growth and the delivery of a benchmark coastal development.

“Villea Palm Beach represents everything Abadeen stands for — design-led living, premium quality, and the convenience we are bringing for residents to feel part of a perfect beachside community," Brown said.

"It is a particularly special project for us, being our first with spectacular ocean views, just metres from the water and with the addition of ground-floor retail. To reach the top floor is a proud moment, and I am incredibly proud of the Abadeen and Emicon teams for the way they are bringing this project to life for future residents.”

[smartcode_project:default project_id=106840 project_image_fid=336444]

Pierre Saab, Director of builder <a href="https://www.apartments.com.au/builders/emicon">Emicon</a>, said topping out was an exciting milestone and the team is now focused on interiors and detailing.

“This is a fantastic milestone to reach. With the final roof pour complete, we’ve moved into the fit-out stage where the detailing will truly bring Villea to life,"&nbsp;Saab said.

"Standing on the top floor, the team was struck by the stunning 180-degree views of the ocean and all that <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> has to offer — a daily reminder of the exceptional lifestyle this project will deliver.”

[smartcode_project:default project_id=106840 project_image_fid=336441]

Nick Clydsdale, Director of SRQ, who is managing sales and marketing for Villea, said the milestone marks the next phase of the sales campaign.

“With construction now at its highest point, we are excited to kick start the next phase of the campaign off the back of strong sales momentum driven by the local market,"&nbsp;Clydsdale said.

"Villea is a prized offering in the popular suburb of Palm Beach— ideally suited to owner-occupiers and downsizers seeking a convenient and beautiful coastal lifestyle. At the same time, with forecasts pointing to further price growth across the Gold Coast in 2025, Villea offers investors the opportunity to enter early in the upswing cycle."

[smartcode_project:default project_id=106840 project_image_fid=336442]

&nbsp;

Designed by acclaimed architects <a href="https://www.apartments.com.au/architects/bda-architecture">BDA</a>, Villea comprises 69 two- and three-bedroom residences with light-filled layouts, premium finishes including timber flooring, Fisher &amp; Paykel appliances, and high-performance glazing to maximise comfort.

Many residences capture ocean views, while all benefiting from generous open plan designs and access to shared amenities like a&nbsp;pool, gym, barbecue facilities, and outdoor entertaining spaces, all just 400m from the beach.

A ground floor retail leasing campaign is also underway, with Abadeen set to handpick a curated mix of tenants to enhance the experience for both residents and the wider community.

[smartcode_project_cta:default project_id=106840]

Abadeen tops out Villea Palm Beach

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has officially unveiled its vision for a landmark development in Little Bay.

The vertically integrated developer-builder is set to launch <a href="https://www.apartments.com.au/new-apartments/este-jennifer-street-little-bay-nsw-2036">ESTE</a>, a collection of low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis Architects</a>, comprising 94 apartments.

Targeted at local downsizers, upgraders, nature lovers, and golf enthusiasts, ESTE offers close proximity to Kamay-Botany Bay National Park, Little Bay Beach, and the renowned St Michael’s Golf Club — widely considered one of New South Wales’ top courses.

Many of the apartments, with interiors by Richard Stanisich, boast uninterrupted ocean views — a rare offering in Sydney.

[smartcode_project:default project_id=112343 project_image_fid=210130]

Residents will enjoy exclusive access to a private rooftop amenity level featuring a heated infinity pool, a fitness centre equipped with the latest TechnoGym technology, and a sauna.

Urban Property Group has taken a careful and considered approach to the design and planning stages, ensuring ESTE delivers an architecturally appropriate and sensitive addition to a suburb that rarely sees new development.

Plans were first submitted to Randwick City Council in late 2022, following concept approval from the NSW Government earlier that year.

Construction commenced in November 2024, with the project expected to top out in Q4 2025 and reach completion in Q3 2026.&nbsp;

Urban was one of the first developers in New South Wales to adopt the sought-after 10-year <a href="https://www.apartments.com.au/news/resilience-latent-defects-insurance">Latent Defects Insurance policy from Resilience Insurance</a>. The policy — that can only be taken out by developers or builders and not by individual apartment buyers — covers any structural or waterproofing defects for a full 10 years post-completion, providing buyers with the most comprehensive protection available when purchasing off the plan.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

SRM Residential will be launching ESTE in the coming months.

[smartcode_project_cta:default project_id=112343]

Urban Property Group unveils ESTE Little Bay apartments

For the first time, prospective off the plan apartment buyers in Sydney's <a href="https://www.apartments.com.au/developments/homebush-nsw-2140">Homebush</a> can purchase with the confidence of a 10-year defect protection for their new apartment building.

<a href="https://www.apartments.com.au/new-apartments/bridge-road-residences-homebush-3-5-bridge-road-homebush-nsw-2140">Bridge Road Residences</a>, the latest development by <a href="https://www.apartments.com.au/developers/ventus-group">Ventus Group</a>, is the first new apartment complex in the area to offer the highly sought-after 10-year Latent Defects Insurance, provided by Resilience Insurance.

This policy, which applies to all 80 apartments in the new building on Bridge Road, covers homeowners against&nbsp;structural or design defects defects that may arise within the first 10 years after the building's completion. It can only be taken out by the developer or builder of the new development, and not by individual apartment owners.

Half of the apartments in the building have already been quickly snapped up. Buyers have been attracted by the insurance policy, along with the guarantee of a quality build, thanks to the insurance's Technical Inspection Service. This service involves third-party experts visiting the construction site at least once a month to ensure the building is being properly constructed, making defects highly unlikely.

[smartcode_project:default project_id=6989 project_image_fid=2132]

Located on Bridge Road, the development offers a mix of apartment configurations, from studios to three-bedroom apartments.

Apartments have been designed&nbsp;by MX Architects with liveability in mind, featuring open-plan layouts, engineered timber floors, wool-blend carpet in bedrooms, and either ducted or split-system air conditioning depending on configuration.&nbsp;

Many apartments also include north-facing aspects or oversized balconies, enhancing natural light and outdoor usability.

The development includes landscaped communal gardens with a central lawn, shaded seating, and barbecue areas. A rooftop terrace offers views across the city and Sydney Olympic Park. These amenities are designed to provide outdoor spaces for both relaxation and socialising, without increasing maintenance burden.

[smartcode_project:default project_id=6989 project_image_fid=2135]

Bridge Road Residences is less than 10 minutes’ walk from Homebush Station and close to major road links including the M4 and M8.&nbsp;

Residents will have immediate access to Rochester Street’s cafes, grocers, and restaurants, as well as retail and dining hubs at North Strathfield’s Bakehouse Quarter, Strathfield Plaza, and DFO Homebush.&nbsp;

The area is also well-served by schools and tertiary institutions, including Homebush Public School and the University of Sydney.

Construction is being led by <a href="https://www.apartments.com.au/builders/one-way-dc">One Way Development &amp; Construction</a>. They are expecting to complete the build in Q3 2026.

[smartcode_project_cta:default project_id=6989]

Bridge Road Residences brings 10-year defects guarantee to Homebush

First Home Buyer

Poised to bring the next generation into the property market, heavyweight property developer Third.i has received the green light from the City of Newcastle council to bring its latest offering to reality, the Dairy Farmers Towers project in the heart of Newcastle&rsquo;s West End.

The project burst onto the market just a few months ago, drawing buyer attention before the project had even launched.

[smartcode_project:default project_id=109979 project_image_fid=187054]

The Dairy Farmers project is set to deliver 184 one, two and three-bedroom apartments over two towers, topping a five-storey residents&rsquo; only shared work hub with over 1600 sqm of commercial and retail space.

Third.i is also one of the largest providers of Specialist Disability Accommodation apartments along the East Coast of Australia, partnering with numerous Specials Independent Living Advisors to provide suitable accommodation in their large scale developments, including Dairy Farmers Towers, which will deliver eight SDA apartments.

With development approval under its wing, Third.i will commence construction in the third quarter of this year with expected completion for the back end of 2024.

The project will offer an exclusive deposit scheme, a first for Newcastle, in collaboration with CoPosit, which will see a fee-free app-based service allowing buyers to purchase a property with just $10,000 in savings, with the remainder of the deposit paid over weekly instalments.

[smartcode_project:default project_id=109979 project_image_fid=187062]

Third.i Co-Founder and Director, Luke Berry, says the DA approval paves the way for Third.i to fulfil a dream to help people enter and re-enter the property market with overwhelming local support from hungry buyers.

&ldquo;We are thrilled to receive our development approval from the council for Dairy Farmers Towers, a project that is providing achievable deposit schemes for those looking to secure their slice of the real estate market,&rdquo; said Berry.

&ldquo;The West End is quickly becoming Newcastle&#39;s beckoning lifestyle hub, complete with an eclectic mix of urban flair and character. Dairy Farmers Towers joins our stable of West End projects and has already become a legacy project for everyone to enjoy. When you&rsquo;ve also got the CoPosit initiative to help Australians purchase their first homes, I couldn&rsquo;t be prouder of the calibre that will soon be brought to life with this DA approval,&rdquo; he added.

Berry also noted how using the scheme could save buyers money in the long run as well as securing a new build property now, rather than buying one after competition at a higher price, which sees a lot of buyers traditionally priced out of the market.

[smartcode_project:default project_id=109979 project_image_fid=187064]

Dairy Farmers Towers is set to include a deluxe range of exclusive amenities featuring co-working spaces, cabana pool areas with a lap pool, a wine bar and cellar, a state-of-the-art gym and a Pilates studio, as well as multiple function rooms.

A young buyer who purchased through the CoPosit scheme said that if not for the scheme offered at the project, it would&rsquo;ve taken them an additional two years to save for a normal deposit.

&ldquo;What drew me to Dairy Farmers Towers was the bespoke amenities on offer and the opportunity to purchase through CoPosit. I have never seen such a great initiative within Newcastle that assists first home buyers get into the market at such a high-quality level of development,&rdquo; said the Dairy Farmers Towers buyer.

&ldquo;The process was really simple and straightforward. I have been really impressed so far with the service and how many people there are to assist with any of my questions. I think more people should consider purchasing with CoPosit because of how easy and rewarding it has been being able to actually put my name on my dream apartment without having to wait another two-years to save my deposit.&rdquo;

[smartcode_project:default project_id=109979 project_image_fid=187069]

The green-lit Newcastle West site was once home to Dairy Farmers - one of Australia&rsquo;s largest dairy producers.

In a nod to the history of the site, Third.i has reimagined the heritage-listed, iconic milk bottle and clock towers as part of the project through a pedestrianised, broader public art installation.

&ldquo;Residents will have some of the best views in town, as well as access to the harbour, great dining and entertainment options, and the transport interchange at their doorstep. We wanted Dairy Farmers Towers to be a West End icon, a landmark reborn to create a new chapter as a great place to live, work and play. With construction commencing later this year, we can&rsquo;t wait to do exactly that,&rdquo; concluded Berry.

[smartcode_project_cta: project_id=109979]

The Dairy Farmers project is set to deliver 184 one, two and three-bedroom apartments over two towers, topping a five-storey residents’ only shared work hub with over 1600 sqm of commercial and retail space.



alisonwarters@gmail.com

 Council gives green light for Dairy Farmers Towers, paving the way for Newcastle’s latest apartment development 

The Melbourne developer PSP Property Group has secured a sell-out at its One Deanside house and land development in Melbourne&#39;s west.

Some 70 per cent of the estate was snapped up in the first week of launching back in November 2021, with entry level owner-occupiers making up the bulk of the purchasers.

Comprising 130 lots ranging from 300 sqm to 350 sqm across nearly two hectares of land, construction for One Deanside has now commenced, with the promise of a tree-lined, family focussed community 32km from the Melbourne CBD.

<img alt="" height="1414" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/298_3175_one_deanside_-_main_brochure_final_v5.3_230x330mm_fa_print_ol_page_6_1.png" width="1948" /> 
Aerial view of the masterplanned, One Deanside, located West of the Melbourne CBD. Image supplied.&nbsp;

The estate&rsquo;s relative affordability and position within the Deanside growth corridor has been a major attraction to&nbsp;many first home buyers.

With an on-site early learning centre as well as two proposed government and private schools within walking distance, PSP Property Group Director of Sales &amp; Marketing, John McCann said that the amenity in One Deanside and surrounds gives residents all they need within one close-knit community.

&ldquo;We&rsquo;ve been overwhelmed by the sheer demand for the project, having had 90 per cent of the project secured within the first ten weeks of launching last year,&rdquo; said John.

&ldquo;One Deanside has attracted a buyer profile of first home buyers, young families and executives who are seeking to enter the market to raise their families in an intimate neighbourhood, and who are capitalising on a product that represents true value for money.

&ldquo;The community enjoys walking trails, bushland, the neighbouring vantages of Kororoit Creek and plenty of wide-open space, meaning the dream of a home nestled within nature has been realised for many young buyers.&rdquo;

<img alt="" height="1414" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_5488.jpeg" width="1801" /> 
PSP Property Group&#39;s project&nbsp;located at 1 Deanside Drive, Deanside. Image supplied.&nbsp;

One Deanside is located 1.5-kilometres from the Western Freeway and close by to the future Outer Metropolitan Ring Road, a 100-kilometres-long high-speed transport link for people and freight in Melbourne&rsquo;s north and west.

&ldquo;It&rsquo;s a highly accessible area with plenty of investment that is seeing the West meet its true potential at a rapid rate.

&quot;The community is located right next to the train station, and with access to the freeway in just minutes it has proved to be an asset for those who want to remain connected while enjoying being tucked away from the hustle and bustle of the CBD.&rdquo;

One Deanside is due for completion in early 2023.

Comprising 130 lots ranging from 300 sqm to 350 sqm across nearly two hectares of land, construction for One Deanside has now commenced, with the promise of a tree-lined, family focussed community just 32km from the Melbourne CBD.



First home buyers drive One Deanside house and land development to sell-out

In a bid to boost homeownership among first home buyers in Australia, the government has allocated funds to supply grants to eligible property seekers.

To unlock the financial incentives, there is a set of criteria which must be met, and this varies state-to-state. Here&#39;s an outline of what may be required to meet the eligibility criteria:

<h2>Victorian&nbsp;First Home Owner Grant</h2>

In Victoria, eligible first home buyers could receive $10,000 through the First Home Owner Grant.&nbsp;

The rules:

1. The property must be less than $750,000 and it cannot be an investment property or holiday home. 
2. You or your partner must be using the grant for the first time 
3. You can&#39;t have already owned a property before 
4. You need to be over 18 years of age 
5. You must also be an Australian citizen or permanent resident 
6. Penalties and interest will apply if you receive the First Home Owners Grant and are not entitled to it

You can find more detailed information on the <a href="https://services.dffh.vic.gov.au/stamp-duty-concession ">Revenue VIC website.</a>

[smartcode_project:default project_id=28126 project_image_fid=186051]

<h2>New South Wales First Home Owner Grant</h2>

First home buyers who are buying a property in New South Wales may be eligible for the First Home Buyers Assistance Scheme and the First Home Owner Grant for new homes ($10,000).&nbsp; 
The First Home Buyers Assistance Scheme is a full or partial exemption of stamp duty.&nbsp;

The rules:

1. The value of the home must be no more than $1,000,000&nbsp; 
2. You, or at least one person you&#39;re buying with must be an Australian citizen or permanent resident&nbsp; 
3. You must be at least 18 years old 
4. The funds are for buying an existing home, a new home or vacant land to build a new home on 
5. You must not have already owned a property or received funds through the scheme previously

The First Home Owner Grant is for brand new properties, which includes all Mirvac off-the-plan homes. With this grant, you could receive $10,000 towards the purchase price in addition to the First Home Buyers Assistance Scheme.&nbsp;

The rules:

1. The home must be brand new and be worth no more than $750,000 
2. You must be at least 18 years old 
3. You also need to be an Australian citizen or permanent resident of Australia 
4. You must be buying or building your first home that no one has lived in before

You can find more detailed information on the <a href="https://www.revenue.nsw.gov.au/grants-schemes ">Revenue NSW website.</a>

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<h2>Queensland&nbsp;First Home Owner Grant</h2>

Eligible first home buyers looking to buy in Queensland are also able to receive a grant of $15,000 towards a new home.

The rules:

1. For new home contracts, first home buyers in Queensland may be eligible for a grant of $15,000 towards buying or building a new house, unit or townhome valued at up to $750,000.&nbsp; 
2. Applicants for this grant must be over 18 
3. You must also be an Australian citizen or permanent resident&nbsp; 
4. The home must be brand new.&nbsp; 
5. You&#39;ll also need to purchase with the intent of living in the property as your primary place of residence for six months after settlement.

You can find more detailed information on the <a href="https://www.qld.gov.au/housing/buying-owning-home/advice-buying-home/transfer-duty/how-much-you-will-pay/concessions-on-transfer-duty/concessions-for-homes ">Revenue QLD website.</a>

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<h2>Western Australia&nbsp;First Home Owner Grant</h2>

In Western Australia, eligible first home buyers could receive $10,000 for a new home.&nbsp;

The rules:

1. The property must be your permanent place of residence for at least six months, within 12 months of settlement 
2. It must be your first property 
3. It must be your first time receiving the grant 
4. The applicant must be an Australian citizen or permanent resident

You can find more detailed information on the&nbsp;<a href="https://www.housing.wa.gov.au/housingoptions/homeownershipoptions/firsthomebuyers/stampduty/pages/default.aspx ">Revenue WA website.</a>

[smartcode_project:default project_id=93786]

<h2>South&nbsp;Australia&nbsp;First Home Owner Grant</h2>

First home buyers in South Australia may be eligible for up to $15,000 towards the purchase or construction of a new home.

The rules:

1. The market value of the property must be $575,000 or less 
2. Applicants must be 18 years of age or older 
3. At least one applicant must be an Australian citizen or permanent resident 
4. The grant is for a brand new home which has not be lived in previously 
5. You can&#39;t have owned a home previously 
6. Each applicant must reside in the home as their principal place or residence for a continuous period of 6 months

You can find more detailed information on the Revenue SA website: https://www.revenuesa.sa.gov.au/taxpayer-stories/first-home-buyer&nbsp;

<h2>Northern Territory First Home Owner Grant</h2>

First home buyers in Australia&#39;s Northern Territory may be eligible for a $10,000 grant towards their first property purchase.

The rules:

1. The property must be new and not previously lived in 
2. Must be 18 years or older 
3. At least one applicant must be an Australian citizen or permanent resident 
4. Applicants must not have received the grant previously or owned property prior to applying for the grant

You can find more detailed information on the <a href="https://nt.gov.au/property/home-owner-assistance ">Revenue NT website.</a>

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<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="https://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

[smartcode_project:default project_id=28733 project_image_fid=167736]

Important note: The information in this article is general information only and has been prepared without taking into account your personal circumstances. While every care has been taken to ensure the accuracy of the information, Urban cannot be held liable for any inaccuracies, errors or omission.

The information in this article does not constitute legal, tax or financial advice and you should always seek professional advice before purchasing property in relation to your individual circumstances.

In a bid to boost homeownership among first home buyers in Australia, the government has allocated funds to supply grants to eligible property seekers. To unlock the financial incentives, there is a set of criteria which must be met, and this varies state-to-state. Here's an outline of what may be required to meet the eligibility criteria.

urban.com.au

Criteria for obtaining the First Home Owners Grant

Every $1000 makes a significant impact when it comes to buying property, which is why being aware of the savings and grants you may be eligible for is vital. Financial initiatives to boost first homeownership varies state-to-state; however here&#39;s a round-up of some of the grants the could be available to buyers in the four states Mirvac have master-planned communities.&nbsp;

<h2>New South Wales First Home Buyers&nbsp;</h2>

First home buyers who are buying a property in New South Wales may be eligible for the First Home Buyers Assistance Scheme and the First Home Owner Grant for new homes.&nbsp;

The First Home Buyers Assistance Scheme is a full or partial exemption of stamp duty. The value of the home must be no more than $1,000,000, and to qualify you must be an Australian citizen or permanent resident and at least 18 years old.&nbsp;

The First Home Owner Grant is for brand new properties, which includes all Mirvac off-the-plan homes. With this grant, you could receive $10,000 towards the purchase price in addition to the First Home Buyers Assistance Scheme. The home must be brand new and be worth no more than $750,000.

You can find more detailed information on the <a href="https://www.revenue.nsw.gov.au/grants-schemes">Revenue NSW website.</a>&nbsp;

[smartcode_project:default project_id=93788 project_image_fid=186245]

<h2>Victorian First Home Buyers</h2>

In Victoria, eligible first home buyers could receive $10,000 through the First Home Owner Grant. The property must be less than $750,000 and it cannot be an investment property or holiday home. When buying a brand new home, you may be eligible for a stamp duty exemption for a property where the dutiable value is up to $600,000. Dutiable value is the price paid for the property or market value (whichever is greater) including any GST. As a first home buyer, you may also be eligible for the Principal Place of Residence concession (PPR) if you intend to live in the home for a year within 12 months of settlement.&nbsp;

You can find more detailed information on the <a href="https://services.dffh.vic.gov.au/stamp-duty-concession ">Revenue VIC website.</a>

[smartcode_project:default project_id=100322 project_image_fid=163038]

<h2>Queensland&nbsp;First Home Buyers</h2>

For new home contracts, first home buyers in Queensland may be eligible for a grant of $15,000 towards buying or building a new house, unit or townhome valued at up to $750,000. Applicants for this grant must be over 18, Australian citizens or permanent residents and the home must be brand new. You&#39;ll also need to purchase with the intent of living in the property as your primary place of residence for six months after settlement.

You can find more detailed information on the <a href="https://www.qld.gov.au/housing/buying-owning-home/advice-buying-home/transfer-duty/how-much-you-will-pay/concessions-on-transfer-duty/concessions-for-homes ">Revenue QLD website.</a>

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<h2>Western Australian&nbsp;First Home Buyers</h2>

In Western Australia, eligible first home buyers could receive $10,000 for a new home. The property must be your permanent place of residence for at least six months, within 12 months of settlement.&nbsp;

You can find more detailed information on the <a href="https://www.housing.wa.gov.au/housingoptions/homeownershipoptions/firsthomebuyers/stampduty/pages/default.aspx ">Revenue WA website.</a>

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<hr />
<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="https://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

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&nbsp;

<hr />
Important note: The information in this article is general information only and has been prepared without taking into account your personal circumstances. While every care has been taken to ensure the accuracy of the information, Urban cannot be held liable for any inaccuracies, errors or omission.

The information in this article does not constitute legal, tax or financial advice and you should always seek professional advice before purchasing property in relation to your individual circumstances.

Every $1000 makes a significant impact when it comes to buying property, which is why being aware of the savings and grants you may be eligible for is vital. Financial initiatives to boost first homeownership varies state-to-state; however here's a round-up of some of the grants the could be available to buyers in the four states Mirvac have master-planned communities.

Property purchase concessions and grants: How much could you save on your first Mirvac property?

The very first step towards homeownership is getting your finances in order. Once you have a savings plan in place and are in control of your expenses, you&#39;ll be able to work with a broker to find out how much you can borrow and determine a reasonable budget for your new home.

We&#39;ve put together a guide to help you organise your finances prior to meeting with a mortgage broker.

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<h2>1. CREDIT RATING</h2>

Securing finance to purchase your first home is arguably easier today due to banks utilising positive credit reporting.

This means that rather than looking solely at missed payments and debts you&#39;ve failed to pay, the bank will make a note of the regular payments you&#39;ve been able to maintain successfully.

This could include utility bills, rent or even credit card or car loan payments. If you never miss a payment, it demonstrates you are financially responsible.

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<h2>2. DEBT</h2>

If you don&#39;t need debt, don&#39;t get it just for the credit rating.&nbsp;

If you already have outstanding debt, work towards paying it off as soon as possible, or look at consolidating your loans so that they are more manageable.&nbsp; It can be wise to engage a financial advisor to help with this.

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<h2>3. CREDIT LIMITS </h2>

Many people have a credit card or a bank account with an overdraft &ndash; even if you have it but don&#39;t use it, or use it and pay it off promptly, the bank will still count your limit as a monthly expense.

To reduce your monthly expenses and boost your home loan borrowing power, it can be a good idea to talk to your bank about lowering your credit limits or cancelling any unnecessary credit cards.

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<h2>4. DISCRETIONARY SPEND</h2>

Banks will often look at your monthly spending &ndash; that includes how much you spend on meals out, clothing, entertainment and other expenses above your regular living costs.

While rent and utility bills are non-negotiable costs, your discretionary spending can be reduced or kept to a budget.

Create a monthly budget, so it&#39;s easy for the bank to see how much you actually spend on a monthly basis. Otherwise, a few too many restaurant meals or expensive clothing items could overinflate your perceived monthly spending.

<hr />
&nbsp;

<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="http://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

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The very first step towards homeownership is getting your finances in order. Once you have a savings plan in place and are in control of your expenses, you'll be able to work with a broker to find out how much you can borrow and determine a reasonable budget for your new home.

A step by step guide to getting your finances in order

Buying a home within a well-curated masterplanned community can be a smart property purchase because with infrastructure upgrades comes future population growth, business and investment opportunities.

However, when selecting the right masterplanned community to call home, you want to ensure the developer facilitating the project knows what they&#39;re doing &ndash;&nbsp;as it&#39;s a significant undertaking.

With a proven track record of 50 years (and counting) of delivering significant multi-residential developments across Australia, many buyers place their trust in ASX-listed developer Mirvac.

Here are four Mirvac masterplanned communities that we believe pose a great opportunity for buyers in the current market:

<h2>One71 Baldivis, Western Australia</h2>

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Located approximately 30 minutes south of Perth* is Mirvac&#39;s master-planned community, One71 Baldivis.

Situated in a highly coveted area, you&#39;re about 10 mins from Rockingham Beach*, walking distance to Sheoak Grove Primary School and approximately a 3-minute drive to Baldivis Shopping Centre.

You&#39;ll be able to access the CBD via the Kwinana Freeway or enjoy exploring your own neighbourhood with the central Pump Park, perfect for weekend picnics and evening barbeques with friends and family.

<h2>Olivine, Victoria</h2>

[smartcode_project:default project_id=28126 project_image_fid=186049]

Olivine by Mirvac is a new community situated in Melbourne&#39;s north, in the heart of Donnybrook.

The thoughtfully designed masterplan seeks to encompass everything buyers are looking for &ndash; considered amenities, spacious homes and a home surrounded by nature.

Spend your days exploring the community or relaxing amongst the retained 200-year-old River Red Gum trees.

Olivine is Mirvac&#39;s largest estate in Victoria to date**, set on an expansive 187 hectares, with approximately 9 hectares dedicated to active open space for community use.

<h2>Georges Cove Residences, New South Wales</h2>

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Perfectly positioned within the established suburb of Liverpool is Mirvac&#39;s Georges Cove master-planned community.

You&#39;ll be within minutes from great local schools, restaurants and cafes. Accessing Sydney CBD is a breeze, with the M5 and major arterial roads nearby.

Within the community, you&#39;ll be able to enjoy making the most of the considered lifestyle amenities on offer, including a swimming pool and covered barbeque area, situated within stunning landscaped gardens.

You&#39;ve got bus services within walking distance in the area, and the Holsworthy Train is only about 3 kilometres away*.

<h2>Everleigh, Queensland</h2>

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Everleigh by Mirvac is an award-winning house and land estate situated in the heart of Greenbank, within Brisbane&#39;s fastest-growing south-west corridor.

With more than 37% of Everleigh dedicated to open space, residents will be able to immerse themselves in nature.

A state primary school and a neighbourhood centre are also part of the masterplan for the Everleigh Greenbank community*.

Located just 40 kilometres south of Brisbane CBD, Greenbank is a thriving community with plenty of local infrastructure and amenities for residents to enjoy, including Greenbank Shopping Centre nearby and parks, playgrounds and about 148 hectares of bushland and walking trails.

<h2>The Peninsula Burswood, Western Australia</h2>

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Enjoy riverside walks and cycle trails in your weeks, venture to Perth CBD in under 10 minutes and enjoy relaxing in your own urban oasis.

Mirvac&#39;s central masterplanned community, The Peninsula, encapsulates the ultimate inner-city living, with expansive parklands and spacious homes.

Live within a stone&#39;s throw to some of Perth&#39;s most sought after restaurants, world-class entertainment and catch a game or concert at Optus Stadium which is only a short stroll away.

<h2>Quay Waterfront Newstead, Queensland</h2>

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For the past two decades, Mirvac has been instrumental in shaping Waterfront Newstead as a coveted place to live alongside the Brisbane River.

Quay, is the exciting new chapter in the development story. With a collection of 1, 2, 3 and 4 bedroom apartments &ndash; with stunning views and intuitive layouts &ndash; there&#39;s truly something special for everyone.

You could start your day with yoga in the wellness centre or swimming laps of the skyline in the rooftop pool, spend your evenings catching the spectacular sunset from the rooftop terrace, drink in hand, or spend your weekends enjoying all the lifestyle offerings Newstead is renowned for.

<h2>Green Square, New South Wales</h2>

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Located approximately 4 km from Sydney CBD* and within walking distance to a train station is Mirvac&#39;s Green Square development. A selection of apartments and terraces are available for sale.

With environmental sustainability at the forefront of design, homes at Green Square will be the first multi-residential development to seek WELLV2 certification^.

<h2>Voyager, Victoria</h2>

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The 43-storey tower will become a signature landmark for Yarra&#39;s Edge in Melbourne&#39;s Docklands. Voyager is currently the tallest tower within the masterplanned precinct, offering some expansive views of the city skyline, with a selection of residences available for sale, including some with north-facing river frontage.

Yarra&#39;s Edge is an inner-city sanctuary, with approximately 3.7 hectares of open space and about 1,000 square metres of retail. Residents may also obtain access to the luxurious Wharf Club and Yarra&#39;s Edge Marina.

<hr />
&nbsp;

<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="https://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

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<hr />
&nbsp;

*Distances are approximate only and are calculated via the shortest route. Locations referred to are approximate only and may not be an accurate representation of the development. 

**Correct as at 1.08.2021. 

^Mirvac has registered with the International WELL Building Institute to seek WELLv2 certification for Green Square. However, WELLv2 certification for Green Square is not guaranteed. Mirvac and Landcom make no representations on whether certification will be obtained or the level of certification that may be achieved (i.e. Bronze, Silver, Gold or Platinum). If WELLv2 certification is achieved for The Frederick, certification will only apply to the residential components of The Frederick and will apply for 3 years from the date of certification. Mirvac and Landcom accept no responsibility should residents elect to recertify The Frederick after 3 years. Neither Mirvac nor Landcom will be responsible for the process or cost of recertification. Purchasers should refer to the Contract for Sale and should make their inquiries regarding recertification for the WELLv2. As part of the WELLv2 certification, Mirvac Green Square will be a smoke free building and will not permit smoking as well the use of e-cigarette within the building or residences. 

Important note: The information in this article is general information only and has been prepared without taking into account your personal circumstances. While every care has been taken to ensure the accuracy of the information, Mirvac cannot be held liable for any inaccuracies, errors or omission. The information in this article does not constitute legal, tax or financial advice and you should always seek professional advice before purchasing property in relation to your individual circumstances.

Buying a home within a well-curated masterplanned community can be a smart property purchase because with infrastructure upgrades comes future population growth, business and investment opportunities.

Mirvac Homes Situated Within Vibrant Communities Ideal for First Home Buyers

First home buyers will get an exclusive crack at three of the latest apartment projects by the Melbourne apartment developer, MAB Corporation.

A Victorian-first, MAB are offering what is essentially a pre-release of apartments just for those getting on the ladder for the first time, with an eight-week window before the apartments are available to everyone.

The three inner northern ring apartments,&nbsp;Academy North Melbourne, Merri Northcote and Preston Crossing, will see first home buyers get a chance to purchase with a three percent deposit, or less than $11,000.

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For deposits greater than three per cent, purchasers will be entitled to a rebate that reduces the balance paid at settlement &ndash; an initiative designed to encourage saving while the homes are delivered.

Over 100 new apartments across the three projects will be available to first home buyers before launching to the broader public in 2022.

MAB General Manager Residential, David Allt-Graham said the initiative is&nbsp;a great opportunity for first home buyers.

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&ldquo;MAB understands the challenges first home buyers face entering the inner-city property market and we believe that this initiative will help people in our city purchase their first home in tightly held inner-city locations,&quot; Allt-Graham said.

&ldquo;What&rsquo;s more, all three projects are being developed as sustainable, future-proofed homes with a minimum 7 Star NatHERS rating along with our commitment to deliver a 5 Star Green Star As-Built certification.

&quot;With a focus on sustainability, and operating fully electric, we&rsquo;re ensuring these future residents will have homes that are less expensive to operate and are better for the environment as we move towards a carbon-free future.

About MAB&rsquo;s Participating Projects 

Academy, North Melbourne 

The third collaboration between MAB and architect McBride Charles Ryan (MCR), Academy comprises 17 townhouses and 150 apartments and showcases an innovative, avant-garde design underpinned by flexible, welcoming homes that elevate the wellbeing of residents.

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Merri, Northcote

Designed by Six Degrees to complement the natural beauty of Merri Creek, Merri Northcote will be home to 151 apartments upon its completion.

The new homes at the development aim to feel familiar and are immersed in their lush surroundings &ndash; encouraging a connection to nature through planned biophilic integrations and easy access to walking tracks.

Preston Crossing, Preston

Spearheaded by renowned architects Hayball, Archier and Breathe Architecture, Preston Crossing will home a&nbsp;mix of apartments and townhouses totalling 147 dwellings, which will champion progressive design and a connected community.

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Over 100 new apartments across the three projects will be available to first home buyers before launching to the broader public in 2022

MAB Corporation to reserve first release of three Melbourne apartment developments for first home buyers

NSW first-home buyers had until July 31 to save $31,000 on stamp duty fees for new homes in New South Wales, with a temporary extension of stamp duty relief ending.

The measure allowed first-home buyers to avoid paying stamp duty on new homes worth up to $800,000.

From August 1, the property price cap for a stamp duty exemption will drop back from $800,000 to $650,000.

<a href="/developments/sydney-nsw?source_news_article_id=106698&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sydney-cbd-_template_13.jpg" width="1200" /></a>

The purchase price cut-off for concessions will also drop from $1 million to $800,000.

Further information can be found at: First Home Buyer Assistance Scheme - https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer/assistance-scheme.

The biggest benefit was only available from the 1 August 2020 to 31 July 2021 during which the NSW Government increased the transfer stamp duty thresholds for the purchase of new homes and vacant land.

And from the 1st of August 2021, the thresholds revert to the previous parameters in place prior to 1 August 2020.

Buying a first home becomes harder from August 1 in NSW

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NSW first home buyer stamp duty incentives slip backwards from August 1

Newport Village a new residential offering in Melbourne&rsquo;s South Kingsville, boasting up to $20,000 off two and three-bedroom apartments thanks to a developer bonus.

Developed by Land Real, buyers of two and three-bedroom residences can save up to $30,000 when combined with first home buyer government grants.

The exclusive collection of 273 luxury dwellings on Blackshaws Road feature tacticle, sensory and robust materials.

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The interiors have been curated by SJB Architects, boasting a highly functional urban living experience, as well as green spaces and cascading gardens for wellness.

Many floorplans feature open-plan living and dining areas, with a contemporary kitchen and bathroom designed with textural stone.

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Generous ceiling heights and wide expanses take advantage of natural light, flowing into the large private outdoor balcony spaces in each residence.

&ldquo;An intimate neighbourhood and community feel are partnered with privacy and security for each resident&rdquo;, the project marketing reads.

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The home is located close by Williamstown Beach, Newport Wetlands and parks, and is only seven kilometres from the Melbourne CBD.

The apartment is part of one of the largest single residential solar systems in Victoria with a system size of &gt;200kWp.

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Other environmentally-conscious design elements include high water efficiency fittings and fixtures and best-practice waste management.

The developer bonus on offer from Land Real is only available for a limited amount of time.

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Developed by Land Real, buyers of two and three-bedroom residences at Newport Village can save up to $30,000 when combined with first home buyer government grants

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Save up to $20,000 at inner-Melbourne’s latest residential addition, Newport Village in South Kingsville

Some 30,000 new places are available under the Australian Government&rsquo;s First Home Loan Deposit Scheme, the New Home Guarantee, and the Family Home Guarantee from July 1, 2021.

Some 10,000 additional places have been released under the First Home Loan Deposit Scheme for the 2021-2022 financial year.&nbsp;

The scheme supports eligible first home buyers purchase an established home or a new home sooner with a deposit of as little as 5 per cent.

&nbsp;

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New property price caps will apply from today for the First Home Loan Deposit Scheme.

These property price caps also apply to the Family Home Guarantee, a scheme which was announced in the 2021-2022 Federal Budget to support eligible single parents with at least one dependent child.&nbsp;

There will be 10,000 Family Home Guarantees made available over four financial years from 1 July 2021 to buy a new or existing home with a deposit of as little as 2 per cent.

The New Home Guarantee, announced in October 2020, is specifically for eligible first home buyers building or buying a new home with a deposit of as little as 5 per cent.

&nbsp;

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It has been extended under the 2021-2022 Federal Budget with 10,000 new places available from 1 July 2021 to 30 June 2022.

Applications for the three schemes can be made through participating lenders or mortgage providers.

Information about the schemes, price caps, eligibility requirements and how to apply can be found on the <a href="https://www.nhfic.gov.au/what-we-do/support-for-buying-a-home/">updated website here</a>. 
&nbsp;

From today, 30,000 new places are available under the Australian Government’s First Home Loan Deposit Scheme, the New Home Guarantee, and the Family Home Guarantee.

First Home Buyer

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