<p>Sun Property Group (SPG) has taken a major step to reinforce its commitment to consumer trust by securing Latent Defects Insurance (LDI) from Resilience Insurance for its nearly completed Willoughby development on Sydney’s Lower North Shore.</p>

<p>The boutique project, Aurora, comprising 12 apartments and a ground-floor commercial space, is one of few in the region to adopt the forward-thinking insurance model—offering a point of difference in a competitive market.</p>

<p data-end="792" data-start="591">For Cameron Johnson, General Manager at Sun Property Group, the decision to adopt LDI was rooted in the company’s long-standing philosophy of maintaining a highly personalised relationship with its end users.</p>

<p data-end="792" data-start="591">“We’ve always taken ownership over our product,” Johnson said. “Introducing LDI is not just about peace of mind for the buyer—it’s about raising the internal bar. It becomes the baseline for how we do things going forward.”</p>

<p data-end="792" data-start="591">[smartcode_project:default project_id=109919 project_image_fid=205006]</p>

<p data-end="792" data-start="591">While hundreds of developers and builders have taken out an LDI policy from Resilience Insurance, the insurance is still relatively new to Australia. Johnson says he sees significant future potential with LDI nationwide, with both&nbsp;regulatory and market frameworks starting to evolve to support its wider use in class two buildings.</p>

<p data-end="792" data-start="591">“When we started the Willoughby project, LDI was still just a concept being floated by the Building Commissioner’s office," Johnson says.</p>

<p data-end="792" data-start="591">"Delays in the construction timeline gave us the unique opportunity to adopt it as the product became more available in late 2023."</p>

<p data-end="1804" data-start="1553">That timing aligned with a shift in construction contractors on the project, which opened the door for a more collaborative and considered implementation of the insurance. According to Johnson, Resilience Insurance was proactive and solution-oriented.</p>

<p data-end="1804" data-start="1553">“It wasn’t just about us buying a product off the shelf. It was a dialogue—how can we work together to deliver something that meets both of our needs?” he added.</p>

<p data-end="1804" data-start="1553">[smartcode_project:default project_id=109919 project_image_fid=5717]</p>

<p data-end="2270" data-start="1971">LDI covers major structural defects for up to 10 years post-completion and offers an alternative to the traditional developer bond held under the Department of Fair Trading’s scheme. SPG prudently factor in a two per cent cost profile for such measures into its feasibility, treating it as “business as usual.”</p>

<p data-end="2270" data-start="1971">“What LDI does is show the consumer that we’re front-ending our responsibilities—design, delivery, documentation, execution. That whole chain of custody is assessed and independently reviewed throughout construction. It’s a rubber stamp on quality,” Johnson said.</p>

<p data-end="2820" data-start="2539">In a region where no other nearby developments currently carry LDI, the move also creates a market differentiator. While some projects may carry an iCIRT rating, few offer the depth of protection and oversight that LDI provides, especially outside of publicly listed organisations.</p>

<p style="line-height:1.38; margin-top:16px; margin-bottom:16px">Aurora is being brought to market by Henry Burke of McGrath Projects. With the recent cut in interest rates Burke expects that many first home buyers and investors will jump at the chance to buy in Aurora due to its convenient location, fantastic retail amenity, picturesque parks with leafy walks, and excellent transport connections with only one stop to Sydney CBD. He expects a local owner-occupier to secure the standout penthouse which offers 175 sqm of internal space and further 200 sqm of outdoor space.</p>

<p data-end="2820" data-start="2539">[smartcode_project:default project_id=109919 project_image_fid=205010]</p>

<p data-end="2820" data-start="2539">Johnson says Aurora residents will not only benefit from the first right insurance policy, which means action is taken immediately rather than often long and complicated battles as developers and builders point fingers at each other as to who created the issue, but from how it can benefit the strata communities of the building.</p>

<p data-end="2820" data-start="2539">Many buyers, especially first-time apartment owners, have limited understanding of shared infrastructure or the responsibilities of Owners Corporations. LDI adds an important layer of education, structure, and protection.</p>

<p data-end="3105" data-start="2822">“People want to move in and enjoy what they’ve bought. But when things go wrong, that’s when emotions and stress levels rise. The insurance policy gives owners a clearer path to resolution—an assured, regulated compensation process. It also helps equip owners and managers with the knowledge they need to maintain the building properly.”</p>

<p style="line-height:1.38; margin-top:16px; margin-bottom:16px">The insurance includes tools such as service penetration matrices and access documentation—going far beyond standard build drawings. Johnson says it’s about delivering not just a home, but a sustainable, manageable asset.</p>

<p data-end="3699" data-start="3448">[smartcode_project:default project_id=109919 project_image_fid=343670]</p>

<p data-end="3850" data-start="3701">Sun Property Group continues to build on its strong track record across Sydney’s Lower North Shore, with an upcoming major development of its Bowen Street, Chatswood landholdings and additional projects underway in Melbourne. The team recently completed its debut Melbourne apartment project, The Brookville in Toorak, showcasing their commitment to delivering high-quality, design-led communities.</p>


In a region where no other nearby developments currently carry LDI, the move also creates a market differentiator

Joel Robinson

Sun Property Group approaches completion of Willoughby's first apartment development with 10-year Latent Defects Insurance

<p>Renowned developer-builder DASCO has unveiled its much-anticipated new development in the heart of Epping.</p>

<p>The architectural brief for Turner Studio was to “create a community where residents are completely immersed in a paradise for the senses.”</p>

<p>The result is <a href="https://www.apartments.com.au/new-apartments/senso-epping-242-244-beecroft-road-epping-nsw-2121">Senso</a>, a series of buildings that have been oriented around an unrepeatable 10,000 sqm-plus site to create a facility-laden, landscape-first precinct, something of which Epping and its surrounds have not seen before.</p>

<p>There are 479 apartments available in a variety of floorplans across the five buildings, a mix of one-, two-, and three-bedroom apartments in addition to a curated penthouse collection.</p>

<p>[smartcode_project:default project_id=134954 project_image_fid=4553]</p>

<p>The apartments have been designed to appeal to the owner-occupier market, with generous floorplans, premium materials, and optional upgrades including integrated refrigeration, bespoke joinery, and motorised blinds.</p>

<p><a href="https://www.apartments.com.au/developers/dasco-australia">DASCO</a>, who builds its own developments, is once again bringing peace of mind to its clients by taking the 10-year Latent Defects Insurance policy offered by Resilience Insurance, which protects buyers against any structural or waterproofing issues for 10 years post completion of the building. This insurance can only be taken out by the builder or developer and not by individual apartment owners.</p>

<p>[smartcode_project:default project_id=134954 project_image_fid=4552]</p>

<p>DASCO is known for creating more than just apartments — they create places where people connect. Senso will have over 4,000 sqm of resort-inspired communal amenity in the form of two rooftop pools, a celestial outdoor cinema, wellness club, sensory walk, and an observation deck, in addition to multiple BBQ and outdoor communal areas on multiple levels, intended to deliver a complete lifestyle offering within the residential environment.</p>

<p>There will be over 800 sqm of retail space on street level, which will likely be run as hospitality venues.</p>

<p>[smartcode_project:default project_id=134954 project_image_fid=4396]</p>

<p>Located adjacent to the new Epping Town Centre masterplan, and just a five-minute walk from Epping Metro Station, Senso offers seamless access to Macquarie Park, Chatswood and the Sydney CBD. Families who are interested in the large two- and three-bedroom apartments are within proximity to several regarded educational institutions including Macquarie University, James Ruse Agricultural High, and Cheltenham Girls School.</p>

<p>The project also leverages Epping’s growing dining and retail precinct, proximity to Macquarie Centre, and access to natural assets including Terrys Creek walking trails and Boronia Park.</p>

<p>[smartcode_project:default project_id=134954 project_image_fid=4399]</p>

<p>With a 33-year track record and over 7,000 dwellings delivered, DASCO continues to develop and build; a business model that enables integrated delivery and peace of mind, especially when Senso is backed by Latent Defects Insurance (LDI), providing 10 years of protection for buyers at no additional cost.</p>

<p>The launch of Senso Epping reinforces DASCO’s active pipeline of Sydney-based developments at a time when the market is increasingly focused on owner-occupier appeal, delivery confidence, and long-term quality.</p>

<p>DASCO is partnering on Senso Epping with leading Australian alternative asset management firm Metrics, which has more than $30 billion in assets under management.</p>

<p>[smartcode_project_cta:default project_id=134954]</p>


DASCO reveals Senso, Epping’s first resort-style apartment development

<p>Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.</p>

<p>Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.</p>

<p>The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of <strong>149,200 apartments</strong> across all capital cities.</p>

<p><img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" /></p>

<p>Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.</p>

<p>In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.</p>

<p><img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" /></p>

<p>“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.</p>

<p>"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”</p>

<p>The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.</p>


Build to Sell apartment supply drops 54% in five years across Australian capital cities

<p>Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.</p>

<p>The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."</p>

<p>Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.</p>

<p><img alt="Toowong Central" data-entity-type="file" data-entity-uuid="48611e3d-7123-4b99-b2cb-bfa4bc98024f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenities.png?VersionId=yKBexB.BgCkq4OET8fHDkWs0d3DjxOKJ" /></p>

<p>According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.</p>

<p>There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.</p>

<p>“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.</p>

<p>Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.</p>

<p>The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.</p>

<p>Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.</p>

<p>"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”</p>

<p><img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" /></p>

<p>Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.</p>

<p>Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.</p>

<p>[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”</p>


$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

<p>In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.</p>

<p><a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.</p>

<p>Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;</p>

<p>[smartcode_project:default project_id=138718 project_image_fid=214444]</p>

<p>The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.</p>

<p>Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;</p>

<p>Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;</p>

<p>Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.</p>

<p>Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.</p>

<p>[smartcode_project:default project_id=138718 project_image_fid=214435]</p>

<p>For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;</p>

<p>"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.</p>

<p>Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;</p>

<p>Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.</p>

<p>[smartcode_project:default project_id=138718 project_image_fid=214432]</p>

<p>Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.</p>

<p>Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.</p>

<p>Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.</p>

<p>[smartcode_project:default project_id=138718 project_image_fid=214452]</p>

<p>With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.</p>

<p>Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”</p>

<p>Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;</p>

<p>[smartcode_project:default project_id=138718 project_image_fid=214453]</p>

<p>Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.</p>

<p>The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;</p>

<p>Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.</p>

<p>With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.</p>

<p>[smartcode_project_cta:default project_id=138718]</p>


Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Off the plan

<p>Off-the-plan properties offer buyers the opportunity to secure a property at today's prices and move in when the construction is completed.&nbsp;</p>

<p>However, before making an off-the-plan purchase, it is important to evaluate the developer's reputation and track record. A developer's reputation and track record can have a significant impact on the quality of the property, the completion of the construction, and the overall satisfaction of the buyer.</p>

<p>One of the first steps in evaluating a developer's reputation and track record is to research the developer's past projects. This can be done by visiting the developer's website, reading online reviews and testimonials, and checking out the developer's social media accounts. Look for information about the quality of the construction, the level of customer service, and any awards or recognition the developer has received.</p>

<p>Another important factor to consider is the developer's financial stability. A financially stable developer is more likely to complete the construction of the property on time and to a high standard. One way to check a developer's financial stability is to look at the developer's balance sheet and income statement. This information can be found on the developer's website or by contacting the developer directly.</p>

<p>It's also important to check if the developer has any history of legal disputes or consumer complaints. This can be done by checking the developer's record with consumer protection agencies or by searching online for news articles or court records. A developer with a history of legal disputes or consumer complaints may be a red flag and should be avoided.</p>

<p>Additionally, it's also advisable to check if the developer is a member of any professional organisations or industry bodies. This can be a good indication of the developer's commitment to quality and professionalism.</p>

<p>Another important aspect to consider is the developer's track record of delivering projects on time. Late completion of projects can cause significant inconvenience and financial losses for the buyers, so it's important to make sure that the developer has a good track record of delivering projects on time.</p>

<p>Lastly, it's important to have a clear understanding of the terms and conditions of the purchase. Review the contract thoroughly and make sure you understand the terms and conditions of the purchase, including the completion date, any warranties or guarantees, and the developer's responsibilities.</p>

<p>In conclusion, evaluating a developer's reputation and track record is an essential step in the process of buying an off-the-plan property.&nbsp;By researching the developer's past projects, financial stability, legal disputes, professional affiliations, track record of delivering projects on time, and understanding the terms and conditions of the purchase, buyers can make more informed decisions and reduce the risk of disappointment or dissatisfaction.<br />
&nbsp;</p>


A developer's reputation and track record can have a significant impact on the quality of the property, the completion of the construction, and the overall satisfaction of the buyer

Michael Bird

How to evaluate a developer's reputation and track record before making an off the plan property purchase

<p style="line-height:2.1; margin-bottom:20px">When buying off the plan, one of the biggest advantages is the ability to personalise your new home to suit your lifestyle and needs. From choosing the layout and finishes to upgrading features and fixtures, the options available can be overwhelming. However, with a little bit of planning and research, you can make the most of the personalisation options offered and create a space that truly reflects your unique style and preferences.</p>

<p>The first step in making the most of the personalisation options is to research the different floor plans and layouts available. Many off the plan developments will offer a range of options, such as one-bedroom apartments, two-bedroom apartments, and so on. It is important to consider your current and future needs when selecting a floor plan. For example, if you're planning to start a family in the near future, you may want to consider a larger layout with more bedrooms.</p>

<p>Another important aspect to consider when personalising your off the plan apartment is the finishes and materials used. From flooring and cabinetry to countertops and lighting, the choices available can be vast. It's important to think about the overall aesthetic you want to achieve, as well as the durability and maintenance of the materials. For example, if you want a low-maintenance option, you may want to consider a flooring material that is easy to clean, such as porcelain tile or engineered wood.</p>

<p>In addition to the floor plan and finishes, you may also have the opportunity to upgrade various features and fixtures in your off the plan apartment. These may include things like appliances, window treatments, and even built-in cabinetry. While these upgrades can add to the cost of your purchase, they can also increase the value and functionality of your new home. For example, upgrading to stainless steel appliances in your kitchen can add a modern touch and improve the overall aesthetic.</p>

<p>When it comes to personalising your off the plan apartment, it's important to keep in mind that the more upgrades and options you choose, the more it will cost. Therefore, it's important to prioritise what is most important to you and your budget. It's helpful to create a wish list of the items and features you want to include, and then to work with the developer or sales agent to find the best options that suit your budget.</p>

<p>When considering the personalisation options for your off the plan apartment, it's also important to think about the future resale value of your property. Some upgrades, such as high-end finishes and appliances, can increase the value of your property and make it more desirable to potential buyers. However, it's also important to consider that some personalisation options may be too unique or specific to your tastes and may not appeal to buyers in the future.</p>

<p>Another important aspect to consider when personalising your off the plan apartment is the layout of the common areas and amenities. Many off the plan developments offer amenities such as a gym, pool, and lounge areas. It's important to consider how these areas will be used and whether they align with your lifestyle and needs. For example, if you're an avid swimmer, a pool may be an important feature for you.</p>

<p>In conclusion, buying off the plan is a great opportunity to personalise your new home and create a space that truly reflects your unique style and preferences. With a little bit of planning and research, you can make the most of the personalisation options offered and create a home that you'll love. Prioritse your needs and budget, keep in mind the future resale value and don't forget to consider the layout of the common areas and amenities.</p>

<p><br />
&nbsp;</p>


The first step in making the most of the personalization options is to research the different floor plans and layouts available

How to make the most of the personalisation options offered when buying off the plan

<p>When it comes to buying off the plan, one of the most important steps is to research and compare different developments.&nbsp;</p>

<p>With so many options available, it can be overwhelming to decide which one is the best fit for you.&nbsp;</p>

<p>However, by following a few key steps and keeping a few key things in mind, you can make an informed decision and find the perfect off the plan development for you.</p>

<p>The first step in researching and comparing different off the plan developments is to set your priorities. Consider factors such as location, size, amenities, and price. For example, if you're looking for a new home that is close to your work or family, location will be a top priority.</p>

<p>If you're looking for a larger space to grow into, size will be a top priority. And if you're looking for a development with a lot of amenities, such as a pool, gym, or lounge areas, that will be a top priority.</p>

<p>Once you've established your priorities, it's time to start researching different off the plan developments.</p>

<p>When researching online, pay attention to the images and videos of the developments and their floor plans. These will give you an idea of the overall aesthetic and layout of the development. It's also a good idea to check out the developer's website and social media accounts, as they often post updates and information about their developments.</p>

<p>Another great way to research and compare different off the plan developments is to visit showrooms and display suites. These are physical spaces where developers and real estate agents showcase the different options available. Visiting a showroom or display suite allows you to get a sense of the finishes and materials used, as well as the overall aesthetic of the development.</p>

<p>You can also ask questions and get a better understanding of the options available.</p>

<p>When visiting showrooms and display suites, it's also a good idea to talk to the sales agent or developer about the development. They can provide you with information about the location, size, amenities, and prices of the development. They can also answer any questions you may have and provide you with information about the personalization options available.</p>

<p>Another important aspect to consider when researching and comparing different off the plan developments is the reputation of the developer. This is especially important if you're considering a development that is still in the pre-construction phase.</p>

<p>A good developer will have a track record of delivering high-quality developments on time and on budget. Before making a decision, it's a good idea to do some research on the developer's reputation. You can check the developer's website, read reviews and testimonials, and check the company's registration and licenses.</p>

<p>It's also important to consider the legal aspects of buying off the plan. Before making a purchase, it's a good idea to review the contract and disclosure statement. You should also get legal advice from a conveyancer or solicitor before signing anything. This will help you understand the terms and conditions of the contract, as well as the risks and responsibilities of buying off the plan.</p>

<p>In conclusion, researching and comparing different off the plan developments is an important step in the process of buying off the plan. By setting your priorities, researching online, visiting showrooms and display suites, talking to sales agents and developers, and considering the reputation of the developer, you can make an informed decision and find the perfect off the plan development for you.&nbsp;</p>

<p>Always keep in mind the legal aspects and get professional advice to protect your investment. Don't rush into making a decision, take your time and weigh all your options. Remember, buying off the plan is a big investment and it's important to find a development that meets your needs and fits your budget.&nbsp;<br />
With a little bit of research and planning, you can find the perfect off the plan development and create a home that you'll love for years to come.<br />
&nbsp;</p>


Always keep in mind the legal aspects and get professional advice to protect your investment

How to research and compare different off the plan developments

<p style="line-height:1.38">Deciding whether to rent or buy an apartment in Melbourne can be a tough decision, as both options have their own set of pros and cons.</p>

<p style="line-height:1.38">Here's a closer look at the benefits and drawbacks of both renting and buying an apartment in Melbourne:</p>

<h1>Pros of renting:</h1>

<h2>More flexibility</h2>

<p>Renting an apartment allows you to move more easily and without the burden of selling a property.</p>

<p>[smartcode_project:default project_id=3127 project_image_fid=181270]</p>

<h2>Lower upfront costs</h2>

<p>Renting generally requires a smaller upfront investment than buying, as you don't have to come up with a down payment or closing costs.</p>

<h2>Lower monthly costs</h2>

<p>In some cases, renting can be cheaper than buying on a monthly basis, especially if you're unable to afford a large mortgage payment.</p>

<h2>No maintenance costs</h2>

<p>As a renter, you're not responsible for maintaining the apartment or paying for repairs.</p>

<h1>Cons of renting:</h1>

<h2>Lack of control</h2>

<p>As a renter, you don't have control over the property and may have to deal with landlords who are unresponsive to your needs.</p>

<h2>Limited ability to make changes</h2>

<p>Renters are generally not allowed to make major changes to the property, such as renovations or additions.</p>

<h2>No equity</h2>

<p>When you rent, you're not building equity in the apartment or house you're renting.</p>

<h1>Pros of buying</h1>

<h2>Building equity</h2>

<p>When you buy an apartment, you're building equity in the property as you pay off your mortgage.</p>

<p>[smartcode_project:default project_id=110367 project_image_fid=199209]</p>

<p>This can be a good long-term investment, as the value of the property may increase over time.</p>

<h2>Control</h2>

<p>As a homeowner, you have more control over the property and can make changes and improvements as you see fit.</p>

<h2>Potential tax benefits</h2>

<p>Owning an apartment may offer tax benefits such as the ability to deduct mortgage interest and property taxes from your taxes.</p>

<p>[smartcode_project:default project_id=112971 project_image_fid=198408]</p>

<h1>Cons for buying</h1>

<h2>Higher upfront costs</h2>

<p>Buying an apartment requires a larger upfront investment, as you'll need to come up with a down payment and closing costs.</p>

<h2>Higher monthly costs</h2>

<p>In some cases, buying an apartment may be more expensive on a monthly basis than renting, especially if you have a large mortgage payment.</p>

<h2>Maintenance costs</h2>

<p>As a homeowner, you're responsible for maintaining the apartment and paying for repairs, which can be costly.</p>

<h2>Lack of flexibility</h2>

<p>Buying an apartment may limit your flexibility to move or change living arrangements, as you'll need to sell the property before you can move.</p>

<p>Ultimately, whether to rent or buy an apartment in Melbourne depends on your individual circumstances and financial goals. It's important to carefully consider both options and weigh the pros and cons before making a decision.</p>


There are both pros and cons between buying an apartment and renting one in Victoria's capital city

The pros and cons of renting vs buying an apartment in Melbourne

<p style="line-height:1.38">When searching for an apartment in Melbourne, it's important to consider the amenities that are most important to you.</p>

<p style="line-height:1.38">These amenities can greatly impact your daily life and overall enjoyment of your new home.</p>

<p style="line-height:1.38">Here are the top amenities to look for in an apartment in Melbourne:</p>

<h2>Location</h2>

<p>One of the most important amenities to consider is location.</p>

<p>[smartcode_project:default project_id=112174 project_image_fid=199603]</p>

<p>Look for an apartment that is conveniently located near your work, schools, public transportation, and other necessities.</p>

<h2>Size</h2>

<p>Consider the size of the apartment and whether it will meet your needs.</p>

<p>[smartcode_project:default project_id=112174 project_image_fid=199678]</p>

<p>Do you need a large apartment with multiple bedrooms, or are you looking for something smaller and more compact?</p>

<h2>Number of bedrooms</h2>

<p>Think about how many bedrooms you need and whether the apartment has enough space to accommodate your needs. If you have children or plan to start a family, you'll likely need more bedrooms.</p>

<h2>Parking</h2>

<p>Depending on your needs, you may want to look for an apartment that has dedicated parking or is located near public transportation. This can be especially important if you have a car or plan to get one.</p>

<h2>Storage</h2>

<p>Look for an apartment with ample storage space, such as walk-in closets, pantries, and additional storage units. This can be a big help in keeping your apartment organized and clutter-free.</p>

<h2>Kitchen</h2>

<p>The kitchen is an important room in any apartment, so consider whether the one in the apartment you're considering meets your needs.</p>

<p>[smartcode_project:default project_id=3127 project_image_fid=181987]</p>

<p>Look for features such as modern appliances, plenty of counter space, and ample storage.</p>

<h2>Bathroom</h2>

<p>The bathroom is another important room in an apartment, so look for one with modern fixtures, good lighting, and ample space. A master bathroom with a large shower or tub can be a nice luxury.</p>

<h2>Laundry facilities</h2>

<p>Consider whether the apartment has in-unit laundry facilities or access to shared laundry facilities. This can be a big convenience and save you time and money.</p>

<h2>Outdoor space</h2>

<p>If you enjoy spending time outdoors, look for an apartment with a balcony, patio, or shared outdoor space. This can provide a great place to relax and enjoy the fresh air.</p>

<h2>Security</h2>

<p>Security is an important consideration when it comes to choosing an apartment.</p>

<p>[smartcode_project:default project_id=3127 project_image_fid=181988]</p>

<p>Look for an apartment that has secure access, surveillance cameras, and other security features to ensure your safety.</p>

<h2>Fitness centre</h2>

<p>If you enjoy working out or want to stay active, look for an apartment that has a fitness centre or access to a gym. This can save you money on gym memberships and provide a convenient way to stay in shape.</p>

<h2>Swimming pool</h2>

<p>If you enjoy swimming or want to have the option to cool off during the warmer months, look for an apartment that has a pool.&nbsp;</p>

<p>[smartcode_project:default project_id=2929 project_image_fid=201020]</p>

<p>This can be a great amenity to have access to and can provide a fun way to relax and unwind.</p>

<h2>Social activities</h2>

<p>Some apartments offer social activities and events for residents, such as movie nights, game nights, or happy hours. If this is important to you, look for an apartment that offers these types of activities.</p>

<h2>Pet-friendly</h2>

<p>If you have a pet or plan to get one, look for an apartment that is pet-friendly. This may include features such as a dog park or designated pet areas.</p>

<h2>On-site maintenance</h2>

<p>Look for an apartment that has on-site maintenance staff to handle any issues that may arise. This can be a big convenience and ensure that any problems are dealt with quickly.</p>

<p>By considering these top amenities, you'll be well on your way to finding an apartment in Melbourne that meets your needs and enhances your quality of life.</p>


Amenities an greatly impact a residents' daily life

The top amenities to look for in an apartment in Melbourne

<p>When searching for apartments in Melbourne, the neighbourhood you choose can greatly impact your daily life and overall enjoyment of your new home.</p>

<p>Here are the top neighbourhoods for apartments in Melbourne:</p>

<h2>The Melbourne CBD</h2>

<p>The central business district (CBD) is the heart of Melbourne and a popular choice for apartment living due to its proximity to work, shopping, and entertainment.</p>

<p>[smartcode_project:default project_id=1260 project_image_fid=177635]</p>

<p>Apartments in the CBD tend to be more expensive than other areas of the city.</p>

<h2>South Yarra</h2>

<p>Located south of the CBD, South Yarra is a trendy neighborhood known for its fashionable boutiques, trendy cafes, and popular nightlife.</p>

<p>[smartcode_project:default project_id=3127 project_image_fid=181274]</p>

<p>It's a popular choice for young professionals and students due to its proximity to the CBD and excellent public transportation.</p>

<h2>St Kilda</h2>

<p>St Kilda is a beachside suburb located southeast of the CBD and a popular choice for families and beach lovers due to its excellent schools and outdoor recreational opportunities.</p>

<p>St Kilda is known for its laid-back atmosphere and popular tourist attractions such as St Kilda Beach and Luna Park.</p>

<h2>Carlton</h2>

<p>Carlton is a lively neighbourhood located north of the CBD and a popular choice for students and young professionals due to its proximity to the University of Melbourne and RMIT University. Carlton is known for its vibrant cultural scene and excellent dining options.</p>

<h2>Fitzroy</h2>

<p>Fitzroy is a bohemian neighbourhood located north of the CBD and a popular choice for young professionals and artists due to its edgy atmosphere and proximity to the CBD. Fitzroy is known for its vibrant street art, trendy cafes, and popular nightlife.</p>

<h2>Southbank</h2>

<p>Southbank is an upscale neighbourhood located south of the CBD and a popular choice for professionals and families due to its excellent amenities and proximity to the CBD.</p>

<p>[smartcode_project:default project_id=3260 project_image_fid=206134]</p>

<p>Southbank is known for its trendy restaurants, popular nightlife, and cultural attractions such as the Melbourne Arts Precinct.</p>

<h2>Prahran</h2>

<p>Prahran is a fashionable neighbourhood located south of the CBD and a popular choice for young professionals and students due to its proximity to the CBD and excellent public transportation.</p>

<p>Prahran is known for its trendy boutiques, popular nightlife, and excellent dining options.</p>

<h2>Richmond</h2>

<p>Richmond is a diverse neighbourhood located east of the CBD and a popular choice for families and sports fans due to its excellent schools and recreational opportunities.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=95458 project_image_fid=201271]</p>

<p>Richmond is known for its excellent dining scene and popular sporting events at the Melbourne Cricket Ground and Melbourne Park.</p>

<h2>Brunswick</h2>

<p>Brunswick is a trendy neighbourhood located north of the CBD and a popular choice for students and young professionals due to its proximity to the University of Melbourne and RMIT University.</p>

<p>Brunswick is known for its bohemian atmosphere, popular nightlife, and excellent dining options.</p>

<h2>Northcote</h2>

<p>Northcote is a vibrant neighbourhood located north of the CBD and a popular choice for families and outdoor enthusiasts due to its excellent schools and proximity to the Yarra Valley. Northcote is known for its diverse dining scene, popular nightlife, and excellent parks and recreational facilities.</p>

<p>When considering these top neighbourhoods for apartments in Melbourne, it's important to think about your budget, lifestyle, and personal preferences. Take the time to explore different neighbourhoods and get a feel for each one to find the best fit for you.</p>


Which Melbourne neighbourhood is the best to live in?

The top neighbourhoods for apartments in Melbourne

<p style="line-height:1.38">If you're planning to buy an off-the-plan property in Melbourne, there are a few important things to keep in mind to ensure that you find a place that meets your needs and fits your budget.</p>

<p style="line-height:1.38">Here are the top tips for buying off-the-plan properties in Melbourne:</p>

<h2>Determine your budget</h2>

<p>Before you start looking for off-the-plan properties, it's important to determine your budget and what you can afford in terms of a down payment and monthly mortgage payments.</p>

<p>[smartcode_project:default project_id=112174 project_image_fid=199593]</p>

<p>Keep in mind that you'll also need to budget for closing costs, property taxes, and other expenses.</p>

<h2>Make a list of must-have amenities</h2>

<p>Think about the amenities that are most important to you and make a list of them.</p>

<p>[smartcode_project:default project_id=2929 project_image_fid=201005]</p>

<p>This could include things like a fitness centre, swimming pool, or outdoor space.</p>

<h2>Search online</h2>

<p>There are many websites and online platforms that can help you find off-the-plan properties in Melbourne.</p>

<p>These sites often allow you to filter your search by location, price, and amenities, which can make it easier to find the perfect place.</p>

<h2>Consider the location</h2>

<p>Location is an important factor when it comes to buying an off-the-plan property in Melbourne.</p>

<p>Look for a property that is conveniently located near your work, schools, and other necessities.</p>

<h2>Review the floor plans and renders</h2>

<p>When buying an off-the-plan property, it's important to review the floor plans and renderings to get a feel for the layout and design of the property.</p>

<p>[smartcode_project:default project_id=1260 project_image_fid=177987]</p>

<p>This will help you envision what the finished product will look like and ensure that it meets your needs.</p>

<h2>Get a mortgage pre-approval</h2>

<p>Before you start making offers on off-the-plan properties, it's a good idea to get a mortgage pre-approval from a lender.</p>

<p>This will give you an idea of how much you can afford and help you make more competitive offers.</p>

<h2>Make an offer</h2>

<p>Once you've found an off-the-plan property you're interested in, it's time to make an offer. Work with your real estate agent to come up with a competitive offer that takes into account the current market conditions and the seller's asking price.</p>

<h2>Get a contract review</h2>

<p>Before you finalize the purchase of an off-the-plan property, it's a good idea to have a lawyer review the contract to ensure that all of the terms and conditions are fair and in your best interests.</p>

<p>[smartcode_project:default project_id=3260 project_image_fid=206124]</p>

<h2>Finalise the purchase</h2>

<p>Once you've negotiated the terms of the purchase and had the contract reviewed, it's time to finalize the deal. This will require signing a purchase agreement and paying the down payment and closing costs.</p>

<h2>Wait for construction to be completed</h2>

<p>One of the biggest differences between buying an off-the-plan property and a traditional property is that you'll need to wait for construction to be completed before you can move in. Make sure you understand the estimated completion date and any potential delays that could impact that timeline.</p>

<p>By following these tips, you'll be well on your way to finding and buying the perfect off-the-plan property in Melbourne. While buying an off-the-plan property can require more patience and planning than buying a traditional property, it can also offer some unique benefits, such as the opportunity to customize finishes and take advantage of pre-construction pricing.&nbsp;</p>


If you're planning to buy an off-the-plan property in Melbourne, there are a few important things to keep in mind to ensure that you find a place that meets your needs

The top tips for buying off the plan properties in Melbourne

<p style="line-height: 1.38;">When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.</p>

<p style="line-height: 1.38;">Often the largest outlay, after the deposit which goes to the bank, is stamp duty.</p>

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

<p>Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.</p>

<p>It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.</p>

<p style="line-height: 1.38;"><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></p>

<h2>Who pays Stamp Duty?</h2>

<p>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.</p>

<h2>How much does Stamp Duty cost?</h2>

<p>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.</p>

<p>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!</p>

<p>Overall, the stamp duty you need to pay will depend on:</p>

<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>

<p style="line-height:1.38">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.</p>


Ellen Walker

Off-the-plan property explained: What is stamp duty?

<p>Plans for a new luxury tower on one of Palm Beach's best streets have been re-jigged.</p>

<p>There were approved plans for a nine-level, clam shell-inspired building designed by Contreras Earl at 215-217 Jefferson Lane, which were signed off in November last year.</p>

<p>But since then the amalgamated 817 sqm corner site with 20 metre frontage to both Jefferson Lane and Thirteenth Avenue has sold, for $13.51 million through Kollosche, and now the plans have been tweaked.</p>

<p><img alt="Palm Beach tower" data-entity-type="file" data-entity-uuid="ec9d4876-9684-4ffd-9efb-5d8ed9b0d9eb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-10-31%20at%2010.28.36%20am.png?VersionId=jfYecwzx7qBRkSbVuTVUYljYHbjpRqu1" /><br />
<em>The former plans by Contreras Earl</em></p>

<p>The new plans were filed by a company tied to Sydney-based lawyer Pierre Saab, who runs Macquarie Law.</p>

<p>BDA designed the new tower, with a few changes to some of the internal configurations and the facade. They have added an&nbsp;open rooftop level which will be the communal space for residents.</p>

<p>That frees up the ground level where BDA are proposing another apartment, taking the total apartments from eight to nine.</p>

<p>"Notwithstanding, the development retains almost identical setbacks, site cover, and landscaping and remains compliant with the provision of parking and servicing as per the original approval," the report by town planner Zone Planning Group read.</p>

<p><img alt="Palm Beach tower" data-entity-type="file" data-entity-uuid="ec0a41e0-6502-46f1-8c99-76daeb99bc38" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-10-31%20at%2010.28.42%20am.png?VersionId=rvFo_UD_tSwiej7Ox2BGhBrB51W5g6Fa" /><br />
<em>The new plans by BDA Architecture.</em></p>

<p>"The proposed change is not anticipated to generate additional impacts beyond the boundaries of the site, compared to what was deemed acceptable by Council under the previous approval.</p>

<p>"In summary, the amended development is considered appropriate for the location providing a contemporary and functional design outcome that will complement and enhance the existing and emerging urban forms in the general locality, without unduly impacting the amenity currently enjoyed by surrounding properties."</p>

<p>The dwelling on 215 Jefferson Lane has recently been demolished, but the two-level duplex at 217 Jefferson Lane still stands.</p>


There were approved plans for a nine-level, clam shell-inspired building designed by Contreras Earl at 215-217 Jefferson Lane


First look: New plans for luxury Jefferson Lane, Palm Beach apartment development

<p>Arguably floor plans matter more in off the plan property than any other type of property.</p>

<p>In established markets, the floorplan is the floor plan. That's it, barring renovations.</p>

<p>But in the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers when discussing buying an off the plan property.</p>

<p>First there's the floor plan size.</p>

<p>Floor plan sizes advertised by agents or developers can differ hugely state by state, so it's important to understand whether you are being pitched a property's internal size, or total size.</p>

<p>Internal size is the measurement of the internal floor area of an apartment, and is typically measured in square metres (m²). External size is the measurement of the external dimensions of an apartment, be it a courtyard or a balcony, but sometimes it can include a parking space or storage cage.</p>

<p>Generally, off the plan apartments are advertised with their internal size, as this is the size that you will have to work with when furnishing and decorating your new home. It's important to be aware of external size, however, as this will give you an indication of the overall size of the building and how much outdoor space you will have access to.</p>

<p>When considering internal vs external size, it's important to keep in mind that internal size may vary slightly from the advertised size due to the internal walls of the apartment. External size, on the other hand, is usually accurate to the advertised size as it's based on the overall dimensions of the building.</p>

<p>Another thing to consider when analyzing floor plans in off the plan property is that floor plans aren't necessarily set.</p>

<p>The majority of developers, providing construction is still at its early stages, will allow buyers to customize their floor plan to suit their lifestyle.</p>

<p>It might be that you want to move a bedroom or bathroom, or re-orientate the living area. This generally isn't a problem for developers as long as the moving of internal walls doesn't impact the building structurally, and the redesign all occurs within the same floor plate size of the original apartment.</p>


In the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers

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