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?

National apartment developer Abadeen Group is bringing its expertise from decades of developing luxury apartments in Sydney, and more recently Melbourne, to the Gold Coast.

<a href="https://www.urban.com.au/developers/abadeen-group">Abadeen</a>, founded in 1995 by industry veteran Justin Brown, chose one of the Gold Coast's most popular suburbs for its debut project, Villea, located just 400m away from the sand in<a href="https://www.urban.com.au/developments/palm-beach-qld-4221"> Palm Beach</a>.

<a href="https://www.urban.com.au/new-apartments/villea-palm-beach">Villea</a>, already well under construction and expected to welcome buyers by the end of 2025, will consist of just 69 apartments across an eight-level building designed by BDA Architecture. It presents a rare opportunity to purchase a two-bedroom apartment for under $1 million in a suburb dominated by luxury beachfront projects.

[smartcode_project:default project_id=106840 project_image_fid=336441]

The apartments have been designed to evoke beachside living. They feature a neutral, coastal colour palette, and have been configured to open to the outdoors through large sliding glass doors, to capture views to either the Pacific Ocean, Tallebudgera Creek, Burleigh Headland, and Snapper Rocks.

Villea residents will be well catered for Villea includes private resort-style amenities such as a resort-style pool enveloped in lush landscaping, a fully equipped gym, and a recreational BBQ area.&nbsp;

[smartcode_project:default project_id=106840 project_image_fid=336442]

The Mawarra Street building, one of only a handful under development on the western side of the Gold Coast Highway where prices are much more affordable than the eastern side, sits in a quiet pocket that is dominated by established houses.

While just a short walk to beachside amenity, Abadeen will bring further convenience by activating the ground plane of Villea with a boutique retail precinct.

[smartcode_project:default project_id=106840 project_image_fid=336445]

Villea residents will also benefit from the extended G:Link light rail that will be extended all the way down to Coolangatta. One of the proposed stops in Palm Beach is just 650m away.

SRQ Projects Director, Nick Clydsdale says Villea residents will be able to embrace a lifestyle unlike any other.

“Villea embraces the essence of Palm Beach living, where mornings begin with a great coffee just steps from home, and the beach is the backyard. From sunrise strolls on the sand to paddleboarding at Tally Creek, Villea places you at the heart of Palm Beach’s natural beauty.”

Villea is already well under construction and is expected to complete by the end of 2025, with buyers moving in shortly after.

GV Property Group's Antonio Mercuri and Luke Reaby amalgamated the site for Abadeen.

[smartcode_project_cta:default project_id=106840]

SRQ Projects Director, Nick Clydsdale says Villea residents will be able to embrace a lifestyle unlike any other.

Abadeen’s Gold Coast debut brings affordable coastal luxury to Palm Beach

<a href="https://www.urban.com.au/developers/arena-property-group">Arena Property</a> has been given the green light to proceed with its new <a href="https://www.urban.com.au/developments/main-beach-qld-4217">Main Beach</a> apartment tower, Belle Vie.

The 28-level tower, on an amalgamated 1,010 sqm on Pacific Street, one row back from Main Beach parade, will comprise 72 apartments. It will replace an original walk-up unit block.

Bella Vie—a French term that translates to beautiful life—is Arena’s most ambitious project to date and represents a significant shift from their previous low-rise luxury offerings, including their recently completed&nbsp;<a href="https://www.urban.com.au/buildings/lana-bilinga-295-golden-four-drive-bilinga">Lana Bilinga development</a>.

Belle Vie features two distinct vertical sections, elegantly separated by a full-floor amenities level on Level 18. This central amenity floor will offer residents a curated collection of luxury lifestyle spaces, including a residents’ lounge, games room, wine cellar, library, private dining space, and a sunset-viewing outdoor dining terrace.&nbsp;

<img alt="Belle Vie" data-entity-type="file" data-entity-uuid="324e8fb5-8e23-481f-8a07-fbd902215abc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-09%20at%2012.26.38%E2%80%AFPM.png?VersionId=98xo9EPxdpRCXSbW6BQmEm2wQehdxWgs" />

It will also house a dedicated co-working zone with a boardroom, and a wellness hub complete with a 91 sqm gym, Pilates studio, sunrise yoga deck, and functional training room.

Levels 5 to 17 will host 56 two-bedroom residences, each boasting a study or multi-purpose room.&nbsp;

Above the amenities level, Levels 19 to 27 are reserved for 14 expansive half-floor, three-bedroom apartments, further enhancing Bella Vie’s appeal to the owner-occupier market.&nbsp;

Crowning the tower are two ultra-luxurious penthouses spanning three levels, each featuring four bedrooms, a home office, and a private 120 sqm-plus rooftop with a pool, spa, outdoor kitchen, fire pit, and lawn area.

<img alt="Belle" data-entity-type="file" data-entity-uuid="2dd52c65-24ea-44da-9f99-292450a4e3f6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-09%20at%2012.26.41%E2%80%AFPM.png?VersionId=7h9EAbSgQynB4L5mK9bHwVgrVdY1yvCW" />

Complementing the vertical lifestyle offering is a resort-style podium-level amenity deck, which will include a swimming pool with spa and wet deck, hot and cold plunges, and a rejuvenating sauna.&nbsp;

The three-level podium and basement structure will provide parking for 100 vehicles.

Belle Vie, new Main Beach apartment tower, greenlit

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

Local <a href="https://www.urban.com.au/developments/scarborough-wa-6019">Scarborough</a> resident and respected Perth apartment developer Gary Dempsey is back on the development scene in his hometown.

Dempsey's development company, <a href="https://www.urban.com.au/developers/gary-dempsey-developments">Gary Dempsey Developments</a>, has unveiled <a href="https://www.urban.com.au/new-apartments/myka-residences-scarborough-194-the-esplanade-scarborough-wa-6019">Myka Residences</a>—21 luxury apartments as close to the sand as possible on The Esplanade.

&nbsp;

Located directly across the road from Brighton Beach, offering uninterrupted, never-to-be-built-out views, Myka will consist of 20 half-floor apartments, ranging from three to four bedrooms and 235 sqm to 368 sqm in size, as well as one whole-floor penthouse.

&nbsp;

[smartcode_project:default project_id=148114 project_image_fid=314542]

Off the plan buyers can choose between two interior color schemes: Sand, which embraces warm tones and organic textures, or Sea, inspired by the cool hues of the ocean.

Living areas will feature expansive glazing, engineered timber flooring, and open-plan layouts that extend onto spacious balconies with frameless glass balustrades for uninterrupted ocean views. Select residences will include an integrated fireplace with a polished plaster feature wall.

&nbsp;

[smartcode_project:default project_id=148114 project_image_fid=314526]

Kitchens are appointed with stone island benches, timber veneer cabinetry, and a suite of integrated Miele appliances, including a pyrolytic oven, combi microwave, induction cooktop, and dishwasher.

A concealed appliance cupboard, scullery, and optional bar area provide additional storage and preparation space. The kitchen extends to an alfresco cooking area, with the option to include a marine-grade stainless steel BBQ set into a high-pressure porcelain panel benchtop.

Bedrooms feature wool carpets, walk-in robes with custom dressers, and floor-to-ceiling glass doors that frame the ocean views. The master bedrooms include ensuites with freestanding bathtubs, dual stone vanities, Grohe rain showers with integrated bench seating, and underfloor heating.

[smartcode_project:default project_id=148114 project_image_fid=314531]

Residents will also enjoy a range of lifestyle amenities starting from when they enter the building, with a lobby designed to feel more like a private art gallery.

The Myka Club offers an exclusive residents’ lounge and entertaining area with direct ocean views. Outdoor communal spaces include a common green area with secure outdoor dining and BBQ facilities.

A dedicated surf and bike store provides convenient storage for outdoor gear, while a fully equipped dog wash station caters to pet owners.

Further enhancing its sustainability, Myka is set to achieve an average 7-Star NatHERS rating, highlighting its energy-efficient design. A rooftop photovoltaic solar system helps reduce reliance on traditional energy sources, lowering communal electricity costs. The development is also entirely non-smoking, promoting a cleaner and healthier environment for all residents.

There are also electric vehicle charging provisions, catering to the growing demand for sustainable transport solutions.

The project sits on a prime 1,500&nbsp;site on the corner of The Esplanade and Brighton Road, behind C-Breeze Kiosk near Brighton Beach Reserve, and just south of the Scarborough Beach Precinct and Scarborough Beach Pool—WA's first beachfront pool. The pool features two geothermally heated pools: one 25m and one 50m.

Thirty percent of apartments at Myka have already sold. Myka is the second development by Dempsey in Scarborough. He previously developed Bluewater Apartments, just under one kilometer north on Reserve Street.

[smartcode_project_cta:default project_id=148114]

Gary Dempsey reveals second luxury Scarborough apartment development, Myka Residences

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>

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