Developer <a href="https://www.urban.com.au/developers/figurehead">Figurehead Group</a> is offering to pay the full stamp duty for buyers who purchase an apartment at Osprey in Safety Beach before Easter 2025.&nbsp;

The limited-time incentive applies to newly completed residences at the Martha Cove development and represents a potential saving of up to $82,000, depending on the purchase price.

<a href="https://www.urban.com.au/buildings/osprey-safety-beach-15-martha-cove-boulevard-safety-beach-vic-3936">Osprey</a> is now fully complete, allowing purchasers to settle and move in immediately.

[smartcode_project:default project_id=138447 project_image_fid=290616]

Located at 15 Martha Cove Boulevard, Osprey is an award-winning apartment development delivered in collaboration between builder-developer Figurehead and <a href="https://www.urban.com.au/architects/wolveridge-architects">Wolveridge Architects</a>, renowned for their work across the Mornington Peninsula.

The residences have been designed to maximise natural light and ventilation, with each apartment positioned to capture sea breezes and views of the surrounding coastal environment.&nbsp;

Interiors feature natural textures and tones, including timber finishes, breezeway paving, and soft green accents intended to reflect the local landscape.

[smartcode_project:default project_id=138447 project_image_fid=290741]

A central landscaped courtyard sits at the core of the development, incorporating sculptural concrete elements inspired by the cliff faces of the peninsula’s shoreline.

Osprey has already attracted attention from local and Melbourne-based buyers, drawn to its rare harbourside location, thoughtful design, and strong investment potential.

[smartcode_project:default project_id=138447 project_image_fid=290632]

Osprey offers 18 two and three-bedroom apartments, positioned close to the harbour at Martha Cove.&nbsp;

While primarily offering a harborside lifestyle, Osprey is located just a seven-minute drive from the sand at <a href="https://www.urban.com.au/developments/safety-beach-vic-3936">Safety Beach</a> and only eight minutes from Mount Martha Public Park. With views over Port Phillip Bay and Arthur's Seat, the 53-hectare park offers extensive walking trails connecting the picnic area to the summit and viewing tower.

The project is positioned as part of a broader precinct renewal and is one of the few newly completed developments in the area currently offering incentives of this kind.

[smartcode_project_cta:default project_id=138447]

Buyers of completed apartments at Osprey in Safety Beach could save up to $82,000 if they purchase before Easter, with the developer covering the full cost of stamp duty.

Joel Robinson

Figurehead covers stamp duty at Osprey Safety Beach in pre-Easter sales offer

Following the strong sales success of the first tower, <a href="https://www.urban.com.au/developers/morris-property-group">Morris Property Group</a>&nbsp;has now released the apartments in the second tower of its new Broadbeach development, Crest Broadbeach.

The second tower introduces a fresh collection of two and three-bedroom apartments, which have already generated strong interest. Prices start from just under $1.2 million.

The first tower, which launched just over 12 months ago, is now more than 75 per cent sold.

Morris' in-house construction team is delivering both towers simultaneously. Construction is well underway, with the tower crane already installed on-site and excavation nearing completion on the fifth basement level. Both towers are scheduled for completion by mid-2027.

[smartcode_project:default project_id=112024 project_image_fid=343235]

<a href="https://www.urban.com.au/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest</a> is ideally positioned on the highly sought-after Armrick Avenue, a tightly held street that has seen surprisingly little apartment development despite the recent boom across Broadbeach. No developer has successfully delivered a high-rise on this exclusive street—until now.

Armrick Avenue offers two major advantages to both investors and owner-occupiers due to its proximity to Broadbeach Park, one of the suburb’s most cherished green spaces.

The park, across the road is home to the iconic Broadbeach Bowls Club, a community institution since the mid-1950s, and the long-standing Broadbeach Surf Life Saving Club, giving Crest residents doorstep amenity at two of Broadbeach's most popular social venues.

The proximity to the park also means Crest residents will enjoy protected, uninterrupted southern views, with the government-owned land of the park never to be built upon.

[smartcode_project:default project_id=112024 project_image_fid=343113]

In addition to the prime location and surrounding amenity, Crest will also offer residents an impressive suite of on-site facilities. These include a fully equipped gym, a resort-style pool, and a barbecue and alfresco entertaining area.

According to data from MatterFact, Urban.com.au’s data partner, Crest has appealed to both investors and owner-occupiers alike. While the majority of enquiries have come from Queenslanders, interstate interest has remained consistently strong. In fact, enquiries from New South Wales have made up between 20 to 30 per cent of total enquiries since the beginning of 2024.

[smartcode_project:default project_id=112024 project_image_fid=343256]

Crest marks Morris Property Group’s ninth apartment development in Broadbeach since entering the market in 2006 with their flagship project, Verve.

They recently completed their eighth project, <a href="https://www.urban.com.au/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo Broadbeach</a>, nearby on Jubilee Avenue. Construction is also underway on their tenth Broadbeach project, <a href="https://www.urban.com.au/new-apartments/maison-broadbeach-22-chelsea-avenue-broadbeach">Maison Broadbeach</a>, located just across Broadbeach Park on Chelsea Avenue.

[smartcode_project_cta:default project_id=112024]

Crest marks Morris Property Group’s ninth apartment development in Broadbeach since entering the market in 2006 with their flagship project, Verve

Morris releases second tower at Crest Broadbeach after tower one sales success

The first development at Budds Beach in more than a decade has commenced construction, with award-winning builder and developer McNab bringing the sculptural 28-level Elements tower to life.

The milestone coincides with new research from the National Property Research Co that shows the Gold Coast will need another 144,000 new dwellings over the next two decades to meet the forecast population growth, set to tip one million residents by 2045.

McNab Executive Chairman Michael McNab said the 28-level&nbsp;<a href="https://www.urban.com.au/new-apartments/elements-budds-beach-surfers-paradise-21-oak-avenue-surfers-paradise-qld-4217">Elements</a> would deliver 87 two, three and four-bedroom apartments in the exclusive Budds Beach enclave.

“Budds Beach is incredibly tightly held, with very few properties exchanging hands in the past five years," McNab said.

"Once you see it for yourself, you can understand why. It’s an enclave you would only discover if you lived locally – a pristine riverfront beach, tree-lined streets and village-style cafes, just seven-minutes' walk from the iconic oceanside of Surfers Paradise."

[smartcode_project:default project_id=111522 project_image_fid=322249]

McNab said they've always looked to position their projects in areas loaded with lifestyle and on the cusp of growth.

“Budds Beach delivers on this, and our vision for Elements will soon create a sculptural landmark and new housing supply in an area where there is strong appetite for premium, home-sized apartments.”

[smartcode_project:default project_id=111522 project_image_fid=322243]

As testament to the project’s design and location, both McNab and the company’s CEO, Kunjan Ganatra, have both purchased apartments in Elements.

Designed by Cottee Parker, the $170 million tower, located at 21 Oak Avenue in Surfers Paradise, is scheduled for completion by Q32027.

Director of National Property Research Co Matthew Gross said more projects of this scale needed to break ground on the Gold Coast to meet the extraordinary pace of growth.

“In the next 20 years the Gold Coast’s population is forecast to surpass one million residents, which means another 144,000 new dwellings will need to be delivered to meet that demand,” Gross said

“The supply-demand imbalance has had a significant impact on property values in the city, with the median apartment price increasing 343 per cent since 2000 from $174,900 to its current median price of $795,000 for the first quarter of 2025."

In the past decade, we’ve also seen the number of apartment sales above $2 million grow by 1,600%, from just 33 sales in 2014 to more than 528 sales in 2024, Gross added.

[smartcode_project:default project_id=111522 project_image_fid=322247]

Elements has been progressively released to the market in stages since its formal launch, with more than 65 per cent of apartments in the Azure Collection now sold.

Managing Director of MOTIV, Carly Cottam, said a limited number of two and three-bedroom apartments were available in the Azure Collection at Elements, priced from $1.31 million for a two-bedroom apartment and from $1.75 million for a three-bedroom apartment.

“These apartments are designed for the local market and feature large floor plans, clever storage solutions and impeccable finishes,” Cottam said.

“Soon we will be releasing the Horizon Collection at Elements, which comprises just 10 four-bedroom 
plus multipurpose room residences, spanning half a residential level."

[smartcode_project:default project_id=111522 project_image_fid=322250]

Featuring European Oak flooring, natural stone benchtops, and an opulent wine bar complete with integrated wine fridge, Cottam said apartments within the Horizon Collection start from $3.912 million.

The full-floor penthouse at Elements has not yet been released to market. Crowning the top of Elements is a full-floor retreat dedicated to wellness and entertaining, with 360-degree views and extensive resident amenities including a horizon-edge pool, poolside lounge, BBQ and teppanyaki bar, yoga deck, gymnasium, sauna, and hot plunge pool.

[smartcode_project:default project_id=111522 project_image_fid=322252]

The construction milestone at Elements follows the successful delivery of White Main Beach, which was completed by <a href="https://www.urban.com.au/developers/mcnab-developments">McNab</a> in 2024 and awarded best Apartment Building over $50m by the Queensland Master Builders Assoc.

McNab remains one of the few builders in Queensland to consistently grow their pipeline and deliver projects ahead of schedule — a direct result of the company’s integrated business model, which leverages in-house teams of skilled tradespeople, and produces high-quality building materials, to help overcome industry-wide labour and material shortages.

[smartcode_project_cta:default project_id=111522]

McNab breaks ground on Elements apartment tower at Budds Beach

Sunkin Property Group will welcome buyers later this year to the latest stage of its Bayside masterplanned precinct, <a href="https://www.urban.com.au/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>.

<a href="https://www.urban.com.au/builders/sk-construction">SK Constructions</a>, the building arm of <a href="https://www.urban.com.au/developers/sunkin-property-group">Sunkin Property Group</a>, recently topped out the North Lane building, one of several planned for the unrepeatable 9.3-hectare site next door to Highett Station and its accompanying amenity.

Sunkin held a topping out ceremony in early April to honour the milestone.

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SK Constructions is now nearing completion of early civil works, with minor final touches underway to support the delivery of the first stage of buildings.&nbsp;

The team is also progressing on the community’s first one-hectare park, with drainage works, cut and fill operations, retaining walls, and new footpaths taking shape.

[smartcode_project:default project_id=108019 project_image_fid=300064]

The second stage of Highett Common, the Highett Common Townhomes Collection,&nbsp;is progressing through the detailed design phase. Construction is scheduled to begin later this year.&nbsp;

The third stage, the Mews Collection, which will deliver six levels of contemporary residences, is preparing for early basement works and piling.

[smartcode_project:default project_id=108019 project_image_fid=331186]

Highett Common’s first residents are expected to move in within the next six months.&nbsp;

Upon arrival, they’ll enjoy access not just to their new homes, but also to the community’s first park and playground, part of a broader vision that places open space and walkability at the heart of the precinct.

Select residences are currently available with stamp duty savings and a $12,000 furniture and styling package by <a href="https://www.urban.com.au/interior-designers/coco-republic-interior-design">Coco Republic</a>, offering added value for early buyers.

[smartcode_project_cta:default project_id=108019]

Sunkin tops out next Highett Common building as move-in date approaches

Buyers are preparing to move into their new homes in <a href="https://www.urban.com.au/developments/lane-cove-north-nsw-2066">Lane Cove North</a>, with construction now complete on Sterling, the latest development by builder-developer Scion Group.

The five-level project, located at 2 Merinda Street, comprises just 50 one, two, and three-bedroom apartments to an area starved of new apartments.

Designed by <a href="https://www.urban.com.au/architects/design-corp-architects">Design Corp Architects</a>, Sterling’s architecture draws on Lane Cove’s natural surroundings, with a neutral palette, generous balconies, and integrated landscaping.

[smartcode_project:default project_id=136108 project_image_fid=303417]

The family-run Scion took over the build that had already commenced construction, the first time the company had done so since it was founded by Sam Jabbour in the early 1990s.

Their minds were set at ease instantly when they were told the development had Latent Defects Insurance and had undergone the technical inspection service program by reputable industry experts since commencement.

Sebastian Jabbour, Director of Operations at Scion, says it gave the team confidence to take on the project.

“Because we weren’t the developer who had brought on Latent Defects Insurance, we weren’t fully aware of all the benefits that came with LDI,” Jabbour says.

“It was remarkable how thorough the building inspections by the <a href="https://www.urban.com.au/expert-insights/latent-defects-insurance-101-what-is-the-technical-inspection-service-tis-program">Technical Inspection Service</a> were. It meant we had a third party ratifying the part of the build process we weren’t a part of - which was really the driver in us getting involved in the project.”

&nbsp;

[smartcode_project:default project_id=136108 project_image_fid=303415]

<a href="https://www.urban.com.au/news/resilience-latent-defects-insurance">Latent Defects Insurance</a>, an insurance only offered in Australia by Resilience Insurance and taken out on the building rather than by each individual owner, protects apartment buyers from any structural,&nbsp;

LDI offers 10 years of protection against structural or design defects post-completion, providing a level of assurance that is proving to be a game-changer in the off the plan apartment market.

[smartcode_project:default project_id=136108 project_image_fid=303420]

Ray White Projects Western Sydney Managing Director Mark Bernberg, who is handling the sales, says there have been purchasers who are buying because the development has LDI.

"LDI is a true game-changer for the new and off the plan apartment market," Bernberg says.

<a href="https://www.urban.com.au/buildings/sterling-lane-cove-north-2-merinda-street-lane-cove-north-nsw-2066">Sterling</a> has attracted a diverse mix of buyers, including first homebuyers, downsizers, and investors drawn to the area’s lifestyle offering and connectivity.&nbsp;

There are just a handful of apartments remaining in Sterling.

[smartcode_project_cta:default project_id=136108]

Sterling has attracted a diverse mix of buyers, including first homebuyers, downsizers, and investors drawn to the area’s lifestyle offering and connectivity. 



Buyers to move into Lane Cove North's first LDI-protected apartment development as Scion wraps up Sterling construction

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Urban Editorial

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

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<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

A number of people ask - what is the settlement process when buying off the plan property?

The simple answer is that the process is one part of the off the plan buying journey that isn't too dissimilar to buying in the established market.

The major difference is the time from exchange to settlement, given the off the plan property isn't built yet. The standard settlement for established property is around six to eight weeks.

This however has a number of pros for off the plan buyers.

One of the biggest is that the price paid for the property at the time of exchange doesn't change. Even if the value of the apartment has risen during construction, buyers will still settle on their apartments at the same price agreed.

The settlement date will be forecasted in the contract, as to when the developer believes the building will be complete, and the certificate of occupancy is obtained. Then settlement can start to occur and buyers can move in.

The settlement date forecast is another pro for buyers. While this date can chop and change due to a number of reasons, least of all delays in construction, labour, and materials, it gives the buyer a ballpark future date where they need to have their finances in shape to settle.

By paying a deposit you lock in that price, and you might not be required to pay the rest of the deposit for two or three years, if the construction timeline is that far away. This allows buyers years to save up the rest of the money while their yet-to-be-built property potential grows in value.

The settlement date estimate also puts a time limit on buyers as to when they should either vacate their current rental, or put the wheels in motion to sell their current home.

If you're thinking of purchasing an off the plan apartment, it's a good idea to speak to a conveyancer or solicitor who can advise you on the settlement process and help ensure that everything goes smoothly.

A number of people ask - what is the settlement process when buying off the plan property?

Off the plan property settlement - how does it work?

Coronation Property has established itself as a leader in Sydney’s urban landscape, known for its commitment to collaborating with some of the industry’s most respected architects and designers. Through these partnerships, Coronation ensures that each development is not only visually striking but also highly functional, sustainable, and designed to enhance the way people live, work, and interact.

At the heart of Coronation’s approach is the belief that great design transcends aesthetics—it has the power to shape communities. Their collaborations with top firms, including fjcstudio (formerly fjmt), Woods Bagot, SJB, Cox Architecture, Bates Smart, Turf Design Studio, and 360 Degrees Landscape Architecture, have resulted in projects that set new benchmarks for architectural excellence and urban integration.

Each collaboration is carefully chosen to bring innovation and expertise to Coronation’s developments.&nbsp;

“Every development we undertake is shaped by a vision that integrates functionality with artistic innovation,” Joe Nahas, Coronation Property Managing Director, says.

“We are dedicated to bringing in the very best partners in design and placemaking to create places where our residents can truly thrive.”

Coronation Property has worked closely with Woods Bagot and SJB Architects for nearly a decade, collaborating on a diverse range of developments, from large-scale precincts to boutique communities. One of their standout projects was The Paper Mill Precinct in Liverpool, one of Sydney’s most successful urban renewal projects. The transformation of a 15-hectare, former industrial site along the Georges River into a vibrant residential and retail hub exemplifies Coronation’s commitment to innovative design and sustainable urban development.

Following this success, <a href="https://www.urban.com.au/developers/coronation-property">Coronation</a> partnered with Woods Bagot again for their recently completed <a href="https://www.urban.com.au/new-apartments/mason-main-merrylands-249-259-merrylands-road-merrylands">Mason &amp; Main</a> development in Merrylands, a project that respects the area’s heritage while incorporating contemporary elements that elevate the Western Sydney skyline. The design draws inspiration from the area's rich brickworks history and integrates an 11,000 sqm retail and dining precinct, which has breathed new life into the community.

Another landmark project, Charlie Parker in Parramatta City, highlights the synergy between Coronation and renowned design firms. Developed in collaboration with fjcstudio, the build-to-rent tower incorporates Art Deco-inspired architecture alongside sculptural public artworks, including ‘Cloud Seeds’ by Milne &amp; Stonehouse. Featuring 123 apartments, this pioneering residential development delivers an unparalleled living experience, blending cutting-edge design, curated amenities, and artistic storytelling.

<img alt="Mason" data-entity-type="file" data-entity-uuid="371546bf-049f-4093-b634-7ba8c8c2421b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-09%20at%209.03.26%E2%80%AFAM.png?VersionId=w8rvUYJVFvEaAXWouw2IORLlJUchYsOg" />Left: Charlie Parker, right Mason &amp; Main. Images supplied

While Coronation’s focus is often been on large-scale communities, its attention to design excellence also extends to mid-rise developments. For instance, in Ashbury, a heritage-rich suburb in Sydney’s inner west, Coronation engaged architects SJB to design Ashbury Terraces. This development offers a mix of apartments and terraces, thoughtfully balancing contemporary design with the suburb’s established character. The project incorporates lush green spaces, private rooftop retreats, and sustainable design elements that ensure the development complements its surroundings while offering residents a high-quality lifestyle.

Looking ahead, Coronation Property remains focused on creating expansive, sustainable communities. Their $2 billion Erskineville masterplan, designed in collaboration with BVN, Sylvester Fuller and Bates Smart, is another major project, and they are also ramping up development of their $9 billion Moore Point project in Moorebank. As one of Australia’s largest privately-led urban renewal projects, Moore Point will feature around 11,000 homes, a vibrant retail and commercial precinct, a new primary school, an arts and culture center, and 10 hectares of open riverfront parklands. Architects SJB, Woods Bagot and fjc are all teaming up for the ambitious mega precinct.

“Our focus on world-class design and strategic urban planning, with a focus on creating sustainable spaces, is unwavering. We’ve transformed several underutilised areas of Sydney and we will continue to do so into the future.”​ Nahas said.

Joe Nahas on Coronation Property's commitment to top-tier design partnerships

Masterplan development experts Capital Corporation has revealed <a href="https://www.urban.com.au/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">Wahroonga Estate</a>, their latest masterplanned community that sets a new benchmark for contemporary living in the picturesque Upper North Shore suburb.

The first stage of the unique development - <a href="https://www.urban.com.au/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">The Residences at Wahroonga Estate</a> - has now been released, offering a rare opportunity to experience refined apartment living in an unparalleled natural setting.

Comprising 132 apartments across three mid-rise buildings, The Residences seamlessly blend modern sophistication with lush, green surrounds. With a range of thoughtfully designed one to four-bedroom apartments, The Residences apartments cater to a diverse range of lifestyles and preferences.

We recently caught up with <a href="https://www.urban.com.au/developers/capital-corporation">Capital Corporation</a> Director, Jim Hunter, to discuss The Residences.

“The Residences offers the pinnacle of luxury, featuring north-facing apartments with uninterrupted views of the Australian bushland, ideally situated in the heart of one of Sydney’s most iconic suburbs," Hunter says.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/ZtX8JYPb_uM?si=U4ioE3CnCpsvaL1s" title="YouTube video player" width="560"></iframe>

<h2>A Community Immersed in Nature</h2>

Wahroonga Estate offers a truly unique connection to nature. Residents will enjoy direct access to the Coups Creek bushland, which links to the renowned Lane Cove National Park and an extensive network of bushwalks and nature reserves.

The development also features a pet-friendly green spine, providing dedicated spaces for exercise and relaxation. Complementing the natural surrounds, over 8,000 sqm of private landscaped gardens, a BBQ pavilion, and a dedicated dog wash bay further enhance the outdoor lifestyle.

<h2>Exclusive Resident Amenities</h2>

The boutique residents’ lounge provides a sophisticated space for both relaxation and productivity. Designed with versatility in mind, it includes a boardroom-style table and kitchenette, ideal for meetings or entertaining guests.

Unsurprisingly, The Residences have already attracted strong interest, particularly from Upper and Lower North Shore locals seeking to downsize while maintaining a high standard of luxury and convenience.

Construction of The Residences is set to commence later this year, with completion anticipated by mid-2027.

<h2>The Developer</h2>
<h2the h2="">
Capital Corporation has established itself as a leader in delivering large-scale, master-planned communities across both urban regeneration and greenfield sites. Their impressive portfolio includes the transformation of Woolooware Bay Town Centre at Cronulla Sharks’ Shark Park and the creation of Lovedale Farm, a premium residential, resort, and golfing destination in the Hunter Valley.

Most recently, their success with ‘Bond’ at Bondi Junction, a high-end apartment development atop the revitalised Bondi Junction RSL Club, further highlights their commitment to excellence.

[smartcode_project_cta:default project_id=135247]
</h2the>

Michael Bird

Inside the vision for Wahroonga Estate: Five minutes with Capital Corporation's Jim Hunter

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

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

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

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

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

Sydney House, the Sydney CBD's newest landmark, has been designed by not one, but two of Australia's most decoarted architecture practices.

BVN Architecture and FJC Studio joined forces to win the design competition for the project, a process required for new buildings in the City of Sydney local government area that cost over $100 million or exceed a certain height.

FJC Studio, led by Richard Francis-Jones, conceived the designs for the heritage podium and restoration of the original 1891 building, while BVN took care of 50-level protruding glass tower which will home 241 luxury apartments and a high-end hotel.

The former Pitt Street home of the City Tattersall Club is being redeveloped by joint venture partners <a href="https://www.urban.com.au/developers/first-sponsor">First Sponsor Group</a>, a listed Singaporean developer, and the Melbourne-based developer <a href="https://www.urban.com.au/developers/icd-property">ICD Property</a>, the developer behind several of Melbourne's tallest and most impressive apartment towers.

[smartcode_project:default project_id=12428 project_image_fid=312147]

The design of <a href="https://www.urban.com.au/new-apartments/sydney-house-by-city-tattersalls-club-194-204-pitt-street-sydney">Sydney House</a>&nbsp;pays homage to the late Victorian architecture of City Tattersalls Club and interprets its Free Classical style with contemporary grace.

BVN Architecture, led by Principal, Phillip Rossington and Matthew Blair, designed the tower with interiors by BVN Principal, Sally Campbell.

&nbsp;

Seen from the street, there is an interplay between the arched windows of the heritage facades and the scalloped fenestration of the tower above.

&nbsp;

&nbsp;

&nbsp;

&nbsp;

“The fenestration has a rhythm inspired and inflected by the arched windows of the historic facades, subtly linking the forms while delineating new from old," Rossington says.

"This complementary approach enriches the reading of the heritage buildings, so they’re appreciated in a new light."

[smartcode_project:default project_id=12428 project_image_fid=312145]

The craftmanship of a bygone era is reinterpreted through a considered design language that filters through all levels of the hotel and tower.

Residents, patrons and hotel guests benefit from new levels of amenity with the stepped volumes creating expansive terraces and floorplans that draw natural light deep into the tower. Skyline vistas are available at every level while the penthouses enjoy panoramic views east across Hyde Park to the Heads, west to Darling Harbour, and north toward Circular Quay and Sydney Harbour.

[smartcode_project:default project_id=12428 project_image_fid=312146]

&nbsp;

Richard Francis-Jones, Design Director of FJC Studio, says Sydney House is a "remarkable ensemble of beautiful street facades and interior spaces across four eras, from Victorian Free Classical to today."

"We have adapted and restored three heritage buildings and designed a new contemporary infill building that completes the Pitt Street composition and defines the distinctive identity of Sydney House.

“The new infill facade is distinctly modern, with a depth, compositional character and material richness that complements the exceptional detail and beauty of the three heritage facades. The Victorian and Inter-War Palazzo-style heritage facades have been carefully restored and enriched through new modern adaptive elements. &nbsp;

“New entrances, awnings, and shopfronts are refined contemporary designs inspired by the geometry and grandeur of the restored Art Deco rooms within. This integrated architectural approach extends to the interiors where the restored late Victorian and Art Deco spaces are complemented by a new grand staircase and public artworks, creating a cohesive and enriched experience for occupants and visitors in a unique multi-era, mixed-use Sydney House.”

&nbsp;

&nbsp;

Sydney House is being marketed through CBRE and is expected to launch later this year.

s[smartcode_project_cta:default project_id=12428]

Richard Francis-Jones, Design Director of FJC Studio, says Sydney House is a "remarkable ensemble of beautiful street facades and interior spaces across four eras, from Victorian Free Classical to today."

BVN and FJC Studio’s architectural vision for Sydney House

Builder-developer&nbsp;<a href="https://www.urban.com.au/developers/scion">Scion Group</a>&nbsp;has officially broken ground on its new development that will reinvigorate an underutilized block of land just off Station Street.

Scion held a groundbreaking ceremony to mark the occasion which was attended by industry partners.

The development, Chatham, at 2-6 Chatham Road, will feature 62 apartments across a six-level building designed by MX Architects. The building will activate the street level with four retail spaces that will complement the wider local area.

<img alt="Chatham" data-entity-type="file" data-entity-uuid="220879ad-2d40-458f-bbf2-edddeea9b396" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-01%20at%202.45.57%E2%80%AFPM.png?VersionId=2zAb7AzTF9yikEZhfA_.csF8KAX.BhO6" />

There will be around 860 sqm of communal open space for residents, across the ground floor and rooftop, which will include terrace decking, seating, and barbecue facilities.

&nbsp;

&nbsp;

The site, formerly home to a service station, carwash, and mechanical workshop, underwent extensive remediation before construction. Scion acquired the land in 2021 for $14.1 million, securing a position with frontages to Chatham Road, Dickson Avenue, and Dickson Lane.

<img alt="Chatham" data-entity-type="file" data-entity-uuid="59e8d604-be31-4a20-a2c1-9df2c8677b84" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-01%20at%202.46.02%E2%80%AFPM.png?VersionId=9dBYZMIg53z6f5JaFtHqs8not71CjT6s" />

<a href="https://www.urban.com.au/new-apartments/chatham-west-ryde-2-6-chatham-road-west-ryde">Chatham</a>&nbsp;is the first new apartment development in&nbsp;<a href="https://www.urban.com.au/developments/west-ryde-nsw-2114">West Ryde</a> with the new 10-year Latent Defects Insurance offered by Resilience Insurance.

The insurance, which is taken out by the developer, protects apartment owners for any structural or waterproofing issues that may occur within the first 10 years of the building's completion.

Read more:&nbsp;<a href="https://www.urban.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>

It is the second project where Scion, a family-run builder-developer with over three decades of experience, has been able to give LDI to its residents.&nbsp;

They're soon to complete The Sterling in Lane Cove North, the first development in that area to have LDI.

Chatham is expected to complete in 2026.

&nbsp;

[smartcode_project_cta:default project_id=134269]

Scion breaks ground on Chatham, West Ryde's first new apartment development backed by Resilience Latent Defects Insurance

Sydney Anglican Property (SAP) will deliver two major housing projects that will bring nearly 260 social and affordable homes in <a href="https://www.urban.com.au/developments/bankstown-nsw-2200">Bankstown</a> and <a href="https://www.urban.com.au/developments/regents-park-nsw-2143">Regents Park</a>.

The successful bids, under the first round of the Federal Government’s Housing Australia Future Fund (HAFF), means Sustainable Development Group, SAP's development partner, will now draw up development application plans for the much-needed social and affordable housing in Sydney’s south-west.&nbsp;

SAP CEO Ross Jones said that these projects are about more than just housing—they are about serving both congregations and the wider community.&nbsp;

“At SAP, our mission is to use church property to meet the needs of both current and future generations,"&nbsp;Jones said.

"We’re thrilled that these projects have been supported. They will provide secure homes for those in need, &nbsp;as well as vital ministry and community facilities for our growing congregations.&nbsp;

“We have been blessed with properties across Greater Sydney, provided through the faithfulness of previous generations. We now have an opportunity to activate these properties through the provision of social and affordable housing along with concurrent upgrading of church facilities to cater for the needs of modern churches."

The&nbsp;two projects, designed by <a href="https://www.urban.com.au/architects/plus-architecture">Plus Architecture</a>, are part of a wider urban renewal program across the Anglican Church’s Sydney Diocese aimed at activating church properties with a range of integrated social infrastructure.&nbsp;

“A lot of hard work and prayer has gone into making this happen, and securing these projects with the Housing Australia Future Fund has been the key to unlocking the feasibility of these developments. Now, we look forward to delivering the new homes and community spaces these areas desperately need.”&nbsp;

<img alt="Bankstown Chapel Road" data-entity-type="file" data-entity-uuid="7d5e6f56-1a2f-46b1-80f2-69d9101257da" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bankstown%20Chapel%20Road%20Elevational%20View.jpg?VersionId=Bw5KATdsWs8KDO05oNCfaQph4YpgONSh" />

A new era for Bankstown&nbsp;

On the current site of St Paul’s Anglican Church, Bankstown, SAP will deliver:&nbsp;

<ul>
	<li>A brand-new church and ministry centre—a modern space for worship and community use with &nbsp;seating for up to 500.&nbsp;</li>
	<li>185 social and affordable housing units for essential workers, seniors, and women over 55. • A preschool to support young families.&nbsp;</li>
	<li>Retail and commercial spaces, creating a vibrant new local hub.&nbsp;</li>
	<li>A family-sized apartment for the church’s Senior Minister and his family.&nbsp;</li>
</ul>

Rev Peter Ko, Senior Minister of St Paul’s Bankstown, is excited for what this means for the congregation &nbsp;and the community:

“St Paul’s has been a part of Bankstown for over 100 years, and we’re committed to remaining here for &nbsp;generations to come. Our current facilities are no longer fit-for-purpose, but this redevelopment ensures &nbsp;we can continue serving the local community while also helping address Sydney’s housing crisis. We’re &nbsp;incredibly grateful for this opportunity.”&nbsp;

A new chapter for Regents Park&nbsp;

At Regents Park, the former church site on Edwin St and Kingsland Rd will be transformed into:&nbsp;

<ul>
	<li>74 social housing units – for single women over 55 and families in need of a stable, secure home.&nbsp;</li>
	<li>Over 500 square metres of communal space (including a roof-top terrace) to foster connection among residents and host community-building activities organised by Anglicare and the church.&nbsp;</li>
</ul>

Rev Mike Doyle, Rector of St James Berala (which oversees Regents Park), sees this project as a new way to bless the community:&nbsp;

“With the site no longer used for gatherings, we wanted to ensure it is a blessing to our local community. And what better way to do that than by providing homes for those who need them most? This is the &nbsp;Anglican Church committing itself to the good of Regents Park. I can’t wait for the day when new &nbsp;residents move in – we’ll be ready to welcome them into a neighbourhood we love to call home.”&nbsp;

<img alt="Regents Park" data-entity-type="file" data-entity-uuid="8528b904-9771-4a75-9a28-3f25b4f404a8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Regents%20Park%20Exterior%20View_2.jpg?VersionId=i.ZgEUvr88RebnZvgDc8aYzU.TAHmhgm" />SAP is partnering with Sustainable Development Group (SDG). SDG’s Managing Director, Richard Ollerhead said these significant projects demonstrate SDG’s mission to see faith-based landholdings activated through the delivery of essential social infrastructure.&nbsp;

“Under God, we consider it a great privilege and joy to continue our close partnership with churches, SAP and the project teams in the development of these community assets,” Ollerhead said.&nbsp;

“We are excited about the long-term transformational impacts these projects will have for generations of &nbsp;seniors, workers, children and families.”&nbsp;

Sydney Anglican Property to deliver affordable houses in Bankstown and Regents Park

Sydney Park is the go-to park for those living in inner-city Sydney.

The dog-friendly, 41-hectare park, on the border of St Peters, Newtown, Erskineville and Alexandria, is one of the largest parks in the Sydney metropolitan area, home to a breakfast kiosk, kids playground, and a skate park, as well as extensive walking paths.

Three of its four sides are either occupied by apartments or industrial buildings facing either Princes Highway, Sydney Park Road, or Euston Road.

There’s one small pocket at the south west corner of the park, Barwon Park Road, which is the only true residential street. The short 400-metre street, which falls into the suburb of St Peters, is only home to less than 100 dwellings, most of which are apartments in three low-rise complexes.

In May 2023, burgeoning developer <a href="https://www.urban.com.au/developers/princeton">Princeton</a> picked up a 758 sqm site on the rarely traded street. They demolished the original warehouse before commissioning Environa Studio&nbsp;to craft <a href="https://www.urban.com.au/buildings/sydney-park-terraces-st-peters-15-21-barwon-park-road-st-peters-nsw-2044">Sydney Park Terraces</a>, eight high-end terraces, four facing the park, and four fronting the adjacent Crown Street.

[smartcode_project:default project_id=145252 project_image_fid=335249]

For the past 18 months, 3.5 Gold Star iCIRT-rated builder Coplex has been constructing the four-level terraces. The design is inspired by traditional terraces but without the maintenance challenges of older homes, some of which in this area date back more than a century.

The modern design adapts to the needs of 21st-century living, with each terrace featuring a lock-up garage—a rare but essential amenity in inner-city areas. The garage, capable of fitting two cars side by side, is located on the first level of the home.

[smartcode_project:default project_id=145252 project_image_fid=335250]

Environa Studio, led by Tone Wheeler,&nbsp;focused on open-plan layouts to optimize space and natural light. The ground floor features a spacious kitchen, living, and dining area that opens onto a private landscaped garden. On the second level, two of the three bedrooms are located, while the master retreat, with a walk-in wardrobe and ensuite, spans the entire top floor. Each bedroom opens onto its own balcony.

In addition to the park’s proximity, residents of Sydney Park Terraces will be within easy reach of all the inner west has to offer. St Peters Station is just 500 metres away, only three stops from Central Station in Surry Hills.

Just beyond the train station is the vibrant King Street, known for its bustling nightlife, cafes, and restaurants. In the opposite direction, the Marrickville Metro shopping centre offers over 190 stores, including Woolworths, Coles, and Kmart, as well as various dining options.

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Sydney Park Terraces offers a rare opportunity to purchase a brand-new townhouse in an inner-city area predominantly made up of older homes. As the cost of land in parkside locations in the inner west continues to rise, opportunities like this are becoming increasingly rare.

The opportunity to own something like Sydney Park Terraces in this area might not come around again.

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For the past 18 months, 3.5 Gold Star iCIRT-rated builder Coplex has been constructing the four-level terraces

Sydney Park’s newest neighbours: Princeton unveils new terrace collection, Sydney Park Terraces

The gap between Sydney's median house price and median unit price is growing once again, as the harbour capital bounces back from modest declines.

Interest rates have sparked momentum in the house market, which contracted by -0.9 percent for just three months before turning positive again in February with 0.3 percent growth, CoreLogic data shows.

CoreLogic's Monthly Home Value Index recorded another 0.5 percent gain in Sydney house values in March. Unit values, however, contracted by -0.1 percent.

The Sydney median house value is $1,473,000 compared to $852,000 for units, a gap of $621,000.

CoreLogic Research Director, Tim Lawless, says improved&nbsp;sentiment following the February rate cut is likely the biggest driver of the turnaround in values

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/city-beat-february-2025-sydney-property-downturn-ends-abruptly-as-rate-cuts-spur-price-growth">City Beat February 2025: Sydney property downturn ends abruptly as rate cuts spur price growth</a>

<h2>What happened in Sydney's off the plan market in March?</h2>

After two relatively quiet months to start 2025 in Sydney's new and off the plan property market, March saw an increased level of activity from developers, reacting to improved sentiment in the property market.

The month kicked of with the launch of Landream's <a href="https://www.urban.com.au/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> development, across the road from the $750 million Sydney Fish Market.

Pyrmont Place will comprise 237 apartments across four buildings at the gateway to Blackwattle Bay.&nbsp;

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Designed by&nbsp;<a href="https://www.urban.com.au/architects/bvn-architecture" target="">BVN</a>,&nbsp;Pyrmont Place&nbsp;will include a childcare centre, a two-court indoor recreation centre, and a range of communal amenities including an outdoor pool, gym, music room, communal landscaped terraces, and open spaces designed by OCULUS.

The buildings have been designed to honour&nbsp;<a href="https://www.urban.com.au/developments/pyrmont-nsw-2009" target="">Pyrmont</a>’s industrial roots and sandstone heritage. Each building will feature a distinctive façade, creating a neighbourhood vibe that harmonises with the surrounding environment.

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There was similar fanfare for the launch of Lovedale Farm, the Hunter Valley's newest landmark destination.

<a href="https://www.urban.com.au/new-townhouses/lovedale-farm-1184-wine-country-drive-lovedale-nsw-2325">Lovedale Farm</a>, the new residential, resort, and golf community from Capital Corporation, brings a new residential offering to those seeking the Hunter Valley lifestyle. The opportunity has not been lost on those from Sydney and Newcastle, who have already snapped up over 60 per cent of the first release.

[smartcode_project:default project_id=14476 project_image_fid=334356]

In the heart of the Hunter Valley between Pokolbin and Rothbury, Lovedale Farm is a masterplanned golf development that will span an almost unrepeatable 240 hectares.

<a href="https://www.urban.com.au/developers/capital-corporation">Capital Corporation</a>&nbsp;has worked hand in hand with Cessnock Council and NSW Government for the best part of two decades to realise the vision for Lovedale Farm.&nbsp; The first release of residences will be accompanied by an 18-hole golf course designed by Darius Oliver, the designer known for projects like Cape Wickham on King Island.&nbsp; The masterplan includes a wider residential community, a boutique, high-end resort, destination dining precinct and apartments.&nbsp;&nbsp;

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Buyers now have the chance to secure a slice of Lovedale Farm. Lot sizes range from 550 sqm up to 3,000 sqm. Prices for turnkey residences start from $1.35 million for three-bedroom homes on 550 sqm lots, lower than Sydney’s median house price of around $1.4 million.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/inside-lovedale-farm-hunter-valley-s-newest-landmark-destination">Inside Lovedale Farm, Hunter Valley’s newest landmark destination</a>

There was also fresh opportunity to buy at Sekisui House Australia's $1 billion Norwest masterplan, The Orchards.

They revealed <a href="https://www.urban.com.au/new-apartments/the-orchards-veue-grand-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Grand</a>, the final release of the fourth stage in the thriving community. Over 55 apartments were snapped, including a record-breaking four-bedroom penthouse sale worth over $4 million, which set a suburb record.

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With prices starting from $630,000, buyers came from a wide geographical reach including locals in&nbsp;<a href="https://www.urban.com.au/developments/norwest-nsw-2153">Norwest</a>, up to the northern beaches in Dee Why, across to Coogee in the east, and as far south-west as Picton.

More than 180 people attended the public launch to secure a nature-inspired apartment.

[smartcode_project:default project_id=149249 project_image_fid=333202]

More supply is coming to the market soon as <a href="https://www.urban.com.au/developers/perifa">PERIFA</a>, part of Versatile Group which is also a builder, taking over the redevelopment of the former Balmain Leagues Club with investment partner&nbsp;Mitsubishi Estate Asia.

This year they will launch <a href="https://www.urban.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a>, around 230 one, two and three-bedroom apartments alongside commercial, retail, communal open spaces and a long-awaited new home for the Wests Tiger’s Leagues Club.&nbsp;

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The landmark 7,330 sqm site has been derelict and closed to the community since 2010.&nbsp;

Deicorp is also continuing to put its foot on the gas. At the start of March, they were given the green light for the next stage of their masterplan in Castle Hill.

The developer will deliver 873 dwellings across five residential buildings in the East Showgrounds Precinct, next door to their now-under-construction 430-unit&nbsp;<a href="https://www.urban.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill" target="">Hills Showground Village</a>.

The new development will comprise of three buildings designed by GroupGSA and two designed by TURNER and will include arund 3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/deicorp-secures-approval-for-east-showgrounds-castle-hill-apartment-project">Deicorp secures approval for East Showgrounds, Castle Hill apartment project</a>

<a href="https://www.urban.com.au/developers/deicorp" target="">Deicorp</a> also lodged a State Significant Development with the NSW Department of Planning for their first development in Macquarie Park.

They're planning a 17-level building with&nbsp;181 apartments on a&nbsp;<a href="https://www.urban.com.au/new-apartments/161-herring-road-macquarie-park">prime site</a>&nbsp;across 161 Herring Road and 13-15 Lachlan Avenue, a short walk from&nbsp;<a href="https://www.urban.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a>&nbsp;Metro rail station and shopping centre.

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