Brisbane-based developer<a href="https://www.urban.com.au/developers/spyre-group"> Spyre Group</a> is well-known in both Brisbane and the Gold Coast for creating some of the best new apartment projects in recent years, predominantly servicing the owner-occupier and downsizer market.

Their move into Melbourne came as a surprise to many, but the style of development did not, nor its location.

They chose Hampton, in Melbourne's affluent Bayside area, for their first development in the Victoria capital, <a href="https://www.urban.com.au/new-apartments/hampton-ltd-36-deakin-street-n-hampton-vic-3188">Hampton Ltd</a>, just 20 apartments and three townhouses&nbsp;on the corner of Thomas Street and Deakin Street North.

Spyre Managing Director Daniel Laruccia said <a href="https://www.urban.com.au/interior-designers/studio-brent-lee">Hampton</a>’s combination of bayside location and community feel made it a natural fit for Spyre’s design-led approach.

“In our pursuit to offer an unmatched living experience for those who desire the extraordinary, we discovered Hampton is the ideal canvas to bring this vision to life - a prime bayside location brimming with untapped potential," Laruccia said.

[smartcode_project:default project_id=134801 project_image_fid=220067]

The trio of buildings that make up Hampton Ltd have been designed with an individual character, a deliberate move to provide residents with a more personal living experience.

Rather than a single monolithic structure, Hampton Ltd’s configuration promotes a stronger sense of address and individuality for each home, while also allowing&nbsp;for larger setbacks and outdoor spaces compared to typical multi-residential projects in the area.

[smartcode_project:default project_id=134801 project_image_fid=346337]

There are two and three-bedroom apartments on offer, as well as three two-level&nbsp;townhomes, with layouts designed to maximise natural light and create generous internal proportions.

Architecture is by <a href="https://www.urban.com.au/architects/mld-studio">MLD Studio</a>, while <a href="https://www.urban.com.au/interior-designers/studio-brent-lee">Studio Brent Lee</a> has handled the interiors which feature a considered palette of high-end finishes including natural stone benchtops, wool carpets and timber-look joinery.

Kitchens have been designed as central living spaces, anchored by sculptural marble island benches, while master suites offer extensive walk-in robes and abundant natural light.

[smartcode_project:default project_id=134801 project_image_fid=346335]

Hampton Ltd is ideally located in Hampton, offering proximity to the beach, as well as convenient access to Hampton Street’s retail and dining precinct and the wider Bayside lifestyle amenity including Brighton's popular Church Street retail strip.

The project, which is already under construction through&nbsp;<a href="https://www.urban.com.au/builders/abewolf">AbeWolf</a>,&nbsp;is proving to be popular with both local downsizers and rightsizers.

[smartcode_project:default project_id=134801 project_image_fid=220070]

Spyre Group is well known for its high-end&nbsp;residential developments across Queensland, including record-setting projects in Brisbane and the Gold Coast.

“With more than $800 million of luxury developments,&nbsp;Spyre&nbsp;has identified a genuine demand in the market for aspirational properties that inspire through their design and innovation,’’ Laruccia added.

Spyre’s Moray House development on the New Farm reach of the Brisbane River broke the record for Brisbane’s most expensive apartment sale in 2023 when its two-level, 800 sqm penthouse sold off the plan for $15.75 million.&nbsp;

In March last year, the penthouse of&nbsp;Spyre’s Glasshouse development at Burleigh Heads on the Gold Coast sold for $24 million, giving it the title of Queensland’s most expensive off the plan penthouse.&nbsp;

[smartcode_project_cta:default project_id=134801]

Spyre Managing Director Daniel Laruccia said Hampton’s combination of bayside location and community feel made it a natural fit for Spyre’s design-led approach.

Joel Robinson

Spyre Group brings successful Queensland blueprint to Melbourne with Hampton Ltd

Prominent Melbourne apartment developer Milieu is back in Brunswick for its latest project, Saxon Street by Milieu.

Milieu has matched its design-first ethos with a prime location that will put future Saxon Street residents in the heart of Brunswick’s growing cultural hub, adjacent to the Brunswick Baths and library, and neighbouring the new Balam Balam Place arts precinct—part of a broader vision by Merri-bek Council to reshape the area into a cultural and community destination.

<a href="https://www.urban.com.au/new-apartments/saxon-street-by-milieu-brunswick">Saxon Street by Milieu</a>, which will be the developer’s fifth project in Brunswick and will replace the former Brosnan Centre, will comprise one-, two-, and three-bedroom apartments starting from $575k. <a href="https://www.urban.com.au/developers/milieu-property">Milieu</a> is working in collaboration with architecture firm Jackson Clements Burrows, interior designer DesignOffice, and landscape architect Oculus.

[smartcode_project:default project_id=136434 project_image_fid=350705]

The nine-level building, which received more letters of support than objections during the planning process, has been designed to respond to both the fine grain of the surrounding streetscape and the cultural institutions that define this part of Brunswick. The lower levels follow the street line, while the upper storeys step back, softening the scale and improving solar access. Curved balconies and detailing reference the neighbouring heritage architecture, while materials and finishes adopt a restrained, urban palette.

Floorplans are oriented around flexible living, with interiors favouring open layouts and high solar access. In line with Milieu’s development pillar of Sustainability as Standard, the average energy rating across the building is 7.5 stars under NatHERS,&nbsp; all homes will be powered by an all-electric infrastructure supported by solar PV systems and the building is EV Charging ready.

[smartcode_project:default project_id=136434 project_image_fid=348840]

Shared spaces will include a landscaped communal rooftop with barbecues and two covered dining spaces, designed to encourage passive social interaction and support more sustainable lifestyles.

Brunswick’s Major Activity Centre designation has attracted steady development interest in recent years, and Saxon Street sits squarely within its most active precinct. Balam Balam Place, adjacent to the site, will further anchor the area’s transformation into a civic and cultural cluster, alongside the library, baths, and town hall.

[smartcode_project:default project_id=136434 project_image_fid=348839]

Milieu, founded in 2010 with 24 completed projects and led by Michael McCormack and Shannon Peach, said the Merri-bek Arts and Culture Precinct continues to evolve, fostering the arts and promoting health and wellness throughout the area.

Saxon Street is one of three developments Milieu is currently progressing. They will complete <a href="https://www.urban.com.au/new-apartments/plant-street-by-milieu-malvern-1-plant-street-malvern">Plant Street Malvern</a> later this year, and are soon to begin construction on <a href="https://www.urban.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, their nature-based neighbourhood in Elsternwick.&nbsp;

[smartcode_project_cta:default project_id=136434]

Milieu, founded in 2010 and led by Michael McCormack and Shannon Peach, said the Merri-bek Arts and Culture Precinct continues to evolve, fostering the arts and promoting health and wellness throughout the area.

Saxon Street by Milieu to bring new housing and urban design to Brunswick’s cultural core

Melbourne’s largest urban renewal project, the Fishermans Bend Innovation Precinct (FBIP), has reached a major milestone, with construction now underway to transform the former GM Holden site into a world-leading hub for advanced manufacturing, engineering, and design.

<h2>What Is the Fishermans Bend Innovation Precinct?</h2>

Backed by the Allan Labor Government, the FBIP is a cornerstone of the broader Fishermans Bend redevelopment, covering 480 hectares across the City of Melbourne and the City of Port Phillip.&nbsp;

Once complete, the precinct is expected to support up to 80,000 residents and 80,000 workers by 2050.

<h2>Stage 1: Infrastructure That Unlocks Jobs and Investment</h2>

The newly appointed Winslow Infrastructure Pty Ltd will deliver the first stage of the development, establishing a vital east-west road link between Salmon Street and Todd Road. This connection will unlock development-ready lots and attract significant industry investment to the precinct.

Alongside new transport links, Stage 1 will deliver a public park and foundational infrastructure to support a world-class ecosystem for design, manufacturing, and research.&nbsp;

Minister for Development Victoria and Precincts, Harriet Shing, said, “We’re delivering a well-connected and carefully planned precinct at Fishermans Bend, with connections to roads and new public spaces that will be incredibly important as development continues.”

<img alt="Fishermens" data-entity-type="file" data-entity-uuid="f2e9d6ef-ac18-43d6-bdee-8af6449d6718" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-19%20at%2010.19.58%E2%80%AFAM.png?VersionId=gR1Mf5hyDq5GWJctGhmG9laLJAwk9dmw" />

Smart infrastructure will play a key role in the FBIP’s future. OneWifi has been appointed to install smart poles across the precinct, enabling enhanced 5G coverage, improved Wi-Fi access, and support for electric vehicle charging.&nbsp;

These smart features are part of a broader strategy to create a digitally connected and sustainable innovation precinct.

Central to the precinct’s innovation ecosystem will be the University of Melbourne’s new School of Engineering and Design, opening in 2026. This campus is set to become a linchpin for collaboration between students, researchers, and industry leaders, with a strong focus on applied knowledge and practical solutions.

“The University of Melbourne is excited about the potential opportunities Fishermans Bend will bring to connect students and researchers with industry partners,” said Katerina Kapobassis, Chief Operating Officer at the University of Melbourne.

To support the growth and accessibility of the precinct, the government is also investing in a major transport overhaul. Since 2022, more than 1,500 additional weekly bus services have been introduced to improve frequency and coverage.&nbsp;

Planning is also underway for a dedicated tram connection, and the government has endorsed a preferred route for a future rail tunnel through Fishermans Bend and Docklands. These developments provide long-term certainty for landowners, developers, and future residents, helping ensure that the precinct is well integrated into Melbourne’s broader transport network.

<h2>Why It Matters</h2>

The Victorian Government is investing nearly $180 million to kickstart the FBIP, accelerating the creation of a world-class hub for advanced manufacturing and engineering right on the doorstep of Melbourne’s CBD.

“The Fishermans Bend Innovation Precinct will attract the world’s brightest minds in advanced manufacturing and engineering,” said Nina Taylor, Member for Albert Park.

Once complete, the precinct is expected to support up to 80,000 residents and 80,000 workers by 2050.

Construction begins at Fishermans Bend Innovation Precinct

GURNER Group and Qualitas have officially submitted plans for the third and final stage of its landmark $3.75 billion Jam Factory transformation - set to deliver a new precinct anchored by a new Village Cinemas flagship and a public piazza.

The latest submission marks an evolution of the site’s masterplan, replacing the previously approved “box-style” commercial tower fronting <a href="https://www.urban.com.au/new-apartments/500-chapel-street-south-yarra">Chapel Street</a> with a striking new architectural vision - sculptural ‘fluted’ towers that rise from the heritage façade.

The new development will have 800 ultra-premium residences with around 20,000 sqm of luxury retail, commercial, and hospitality venues, alongside two soon-to-be-announced world-renowned hotel brands.

<img alt="Jam" data-entity-type="file" data-entity-uuid="2ba0a36f-995d-4fc5-b28a-e85c5412ad13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-19%20at%208.52.14%E2%80%AFAM.png?VersionId=LLpTIB6dcgyJ8I.DdaxqJrdmzu5DKZXi" />

The final Stage of The Jam Factory will seek to bring to life a vibrant, multi-sensory destination with the Stage Three amendments proposing:

• ‘Lovers Walk’, a curated retail and dining laneway pulsing through the precinct, lined with luxury brands and curated hospitality offerings of Melbourne’s best eateries, venues and bars

• A fully reimagined Village Cinemas experience that will help restore the Jam Factory’s legacy as the heartbeat of Chapel Street’s golden era - where movie premieres, fashion, and culture collided.

• Major upgrades to the public realm, with increased building setbacks and 10% more sunlight across the precinct’s open-air spaces, enhancing its role as a central gathering point for the community

• The revitalisation of Garden Street, transforming a forgotten laneway into a key arrival point through new architectural treatments and improved site flow to create an engaging new façade for the precinct

• Previous building with a series of sophisticated ‘fluted’ forms, conceptualised by Skidmore, Owings &amp; Merril (SOM)

• Restoration of the heritage façade along Chapel Street and reconstruction of the heritage chimney acting as a centrepiece of the central piazza

Once complete the precinct will feature:

• 800 ultra-luxury residences across five buildings

• A world-class cinema experience by Village Cinemas

• An expanded public piazza surrounded by food, fashion, and lifestyle

• A curated retail precinct with both established and new - local and international brands -filling the missing link between Collins Street and Chadstone Shopping Centre.

• A commercial tower offering state-of-the-art workspaces enabling businesses to take full advantage of being located adjacent to the new world-class precinct.

<img alt="Jam Factory" data-entity-type="file" data-entity-uuid="442c6d14-9dab-4fcb-ab84-0f5b55ece121" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-19%20at%208.52.20%E2%80%AFAM.png?VersionId=EZ2TYacB5YjgVDQQFMBwn0xJSsghFT4d" />

Originally built in 1858, the Jam Factory has seen over 160 years of evolution - from brewery, to jam production hub, to retail icon.

Demolition is already underway led by Mann Group. Once complete the entire Jam Factory site will be 20,000 sqm, or equivalent to the size of the MCG, and will re-establish the site as a globally significant lifestyle and cultural destination.

"This incredible creation marks the most significant chapter in our brand’s evolution, as we transform an Australian icon into a new benchmark in global luxury," said Tim Gurner, Founder and Executive Chairman of GURNER Group.

“Our vision is to restore Chapel Street and South Yarra to its former glory as a hub of culture, fashion, and luxury, and bring global relevance back to one of Melbourne’s most important suburbs.

“It’s been a privilege to work closely with Village Cinemas on their new landmark complex; the Village Roadshow team is so genuinely passionate about the Jam Factory and restoring it’s status as Melbourne’s most iconic entertainment precinct.”

Once complete the entire Jam Factory site will be 20,000 sqm, or equivalent to the size of the MCG, and will re-establish the site as a globally significant lifestyle and cultural destination.

Gurner reveals new plans for final Jam Factory stage

Sydney’s thriving western corridor is set for a fresh injection of well-connected apartments with the launch of North Village, the second stage of Tian An’s Auburn Square development.

Located just a short walk from Auburn Station and surrounded by local amenities, <a href="https://www.urban.com.au/new-apartments/north-village-auburn-square-35-northumberland-road-auburn-nsw-2144">North Village</a> will deliver 264 one-, two-, and three-bedroom apartments to the heart of the suburb, with prices starting from $525,000.

The project will rise from Northumberland Road, directly opposite the fully completed first stage of Auburn Square, which is already home to several ground-floor retail tenancies.

Adding to its appeal, North Village will feature convenient on-site amenities including a new Coles supermarket and a café on the ground level. The project also comes with the increasingly sought-after 10-year Latent Defects Insurance by Resilience Insurance—offering buyers protection against structural and waterproofing issues for a full decade after completion.

[smartcode_project:default project_id=149184 project_image_fid=324852]

Designed by renowned architecture firm Rothelowman, North Village marks only their second residential project in the area, following the successful delivery of Auburn Square’s first stage. Rothelowman is known nationally for designing some of Australia’s most iconic apartment buildings.

Ray White Projects WS Managing Director Mark Bernberg says North Village appeals to a wide range of buyers.

“We are already seeing first home buyers and young professionals who see the price points as very attractive,” Bernberg says.

All one- and two-bedroom apartments are priced under $800,000, meaning eligible first home buyers won’t pay a cent in stamp duty.

“Large deposits and stamp duty costs are two of the biggest hurdles for first home buyers when wanting to buy their first home,” Bernberg says. “North Village has been priced so first home buyers don’t have to pay stamp duty, and will only pay a 10% deposit on exchange, with the rest not due until the building is completed 18 months from now.”

[smartcode_project:default project_id=149184 project_image_fid=324853]

Bernberg adds that the location is ideal for inner-city workers.

“Parramatta is just a few stops away by train, which is a three-minute walk from North Village, and the Sydney CBD is a direct 30-minute ride to Central Station. That’s appealing for anyone working in Sydney’s two biggest employment hubs.”

[smartcode_project:default project_id=149184 project_image_fid=324854]

Gold Star, iCirt-rated builder, Binah, has already cleared the site and is preparing to break ground, with a targeted completion date of Q4 2027. The development will also include smart home tech-enabled apartments and shared resident amenities such as a gym, cinema, and a landscaped rooftop garden

Tian An has increased the attractiveness of its offering by securing the in-demand 10-year Latent Defects Insurance from Resilience Insurance.&nbsp;

Read more: <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>

Read more: <a href="https://www.urban.com.au/expert-insights/building/the-advantages-of-first-resort-strict-liability-latent-defects-insurance-for-off-the-plan-property-buyers">The advantages of first resort, strict liability, Latent Defects Insurance for off the plan property buyers</a>

Tian An LFD is one of Australia’s longest-standing listed property developers. Formerly known as Port Bouvard, it was listed on the ASX in 1985. Since then, it has grown into one of the country’s most successful residential developers, with projects across both the east and west coasts.

The company is backed by Hong Kong-listed Tian An China Investments Company, which has delivered over 1.7 million sqm of commercial and residential space in China since 2013.

[smartcode_project_cta:default project_id=149184]

Tian An launches North Village, Auburn Square second stage

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

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

Every First Home Owner Grant for new property by state

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

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

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.

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Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

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

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

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?

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

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

How to read a floor plan, what questions to ask, and why it's important for off the plan property buyers

Purchasing an off the plan property is a very different prospect compared to buying an established property.

Everything about the process is different. For starters, the property isn't even built when you agree to purchase.

Given the added complexity of purchasing an off the plan apartment, the contracts drawn up between developer are also more complex.

We've wrapped up the top seven things to look at when reviewing an off the plan contract.*

<h1>1. &nbsp;What is an off the plan contract?</h1>

An off the plan contract is a contract between a buyer and developer for the purchase of a property that has not yet been built. The contract sets out the terms and conditions of the sale, including the price, deposit amount, settlement date, and any special conditions that apply.

<h1>2. &nbsp;Why is off the plan property popular?</h1>

Off the plan property is popular because it offers buyers the opportunity to purchase a property at today's prices but settle at a later date when the property is completed. This can be advantageous for buyers as it allows them to lock in a price before construction costs increase.

<h1>3. &nbsp;What should I look for in an off-the-plan contract?</h1>

When reviewing an off-the-plan contract, there are several things that you should look for:

- The price: Make sure that you're happy with the price that has been agreed upon and that it is in line with similar properties in the area. 
 
- The deposit amount: Check that you're comfortable with the deposit amount and that it is refundable under certain conditions (e.g., if construction doesn't commence within a certain timeframe). 
 
- The settlement date: Ensure that you're aware of when settlement will take place and whether there are any conditions attached to this (e.g., construction must be completed by a certain date). 
 
- The cooling-off period: Make sure you understand your cooling-off rights and how long you have to change your mind after signing the contract.&nbsp;

<h1>4. What happens if I change my mind after signing an off–the–plan contract? &nbsp;</h1>

If you have signed an unconditional contract, generally speaking, you cannot change your mind about buying the property without incurring some sort of penalty e.g., losing your deposit. 
 
However, if your contract contains a waiver clause or sunset clause , then these may give you some flexibility in changing your mind without being penalised.

<h1>5. What is a waiver clause?</h1>

A waiver clause essentially states that if certain conditions aren’t met by a given date (usually completion of construction), then you as the buyer are released from your contractual obligations. 
 
For example, if construction isn’t completed within two years from when contracts were exchanged, then buyers may be able to walk away from their purchase without losing their deposit . &nbsp;

<h1>6. What is a sunset clause?</h1>

A sunset clause works in a similar way to a waiver clause in that it releases buyers from their contractual obligation if certain conditions aren’t met; however, as opposed to being linked to completion of construction, a sunset clause is usually linked to obtaining development approval from council. 
 
So, if council approval isn’t granted within 12 months from when contracts were exchanged, then buyers may be released from their purchase obligation. &nbsp;

<h1>7. Will I still need to pay stamp duty on an off the plan property?</h1>

In most cases, yes – even though settlement hasn’t taken place yet , stamp duty will still need to be paid at the time of exchange. 
 
However, there are some jurisdictions where payment of stamp duty may be deferred until settlement takes place e.g., Victoria and Queensland.&nbsp;

*Disclaimer - this should not constitute legal advice and you should always speak to a lawyer when executing property contracts.

Given the added complexity of purchasing an off the plan apartment, the contracts drawn up between developer and purchaser differ greatly also compared to buying an established property.

The top seven things to look for when reviewing an off the plan property contract

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

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

urban.com.au

Criteria for obtaining the First Home Owners Grant

Every $1000 makes a significant impact when it comes to buying property, which is why being aware of the savings and grants you may be eligible for is vital. Financial initiatives to boost first homeownership varies state-to-state; however here&#39;s a round-up of some of the grants the could be available to buyers in the four states Mirvac have master-planned communities.&nbsp;

<h2>New South Wales First Home Buyers&nbsp;</h2>

First home buyers who are buying a property in New South Wales may be eligible for the First Home Buyers Assistance Scheme and the First Home Owner Grant for new homes.&nbsp;

The First Home Buyers Assistance Scheme is a full or partial exemption of stamp duty. The value of the home must be no more than $1,000,000, and to qualify you must be an Australian citizen or permanent resident and at least 18 years old.&nbsp;

The First Home Owner Grant is for brand new properties, which includes all Mirvac off-the-plan homes. With this grant, you could receive $10,000 towards the purchase price in addition to the First Home Buyers Assistance Scheme. The home must be brand new and be worth no more than $750,000.

You can find more detailed information on the <a href="https://www.revenue.nsw.gov.au/grants-schemes">Revenue NSW website.</a>&nbsp;

[smartcode_project:default project_id=93788 project_image_fid=186245]

<h2>Victorian First Home Buyers</h2>

In Victoria, eligible first home buyers could receive $10,000 through the First Home Owner Grant. The property must be less than $750,000 and it cannot be an investment property or holiday home. When buying a brand new home, you may be eligible for a stamp duty exemption for a property where the dutiable value is up to $600,000. Dutiable value is the price paid for the property or market value (whichever is greater) including any GST. As a first home buyer, you may also be eligible for the Principal Place of Residence concession (PPR) if you intend to live in the home for a year within 12 months of settlement.&nbsp;

You can find more detailed information on the <a href="https://services.dffh.vic.gov.au/stamp-duty-concession ">Revenue VIC website.</a>

[smartcode_project:default project_id=100322 project_image_fid=163038]

<h2>Queensland&nbsp;First Home Buyers</h2>

For new home contracts, first home buyers in Queensland may be eligible for a grant of $15,000 towards buying or building a new house, unit or townhome valued at up to $750,000. Applicants for this grant must be over 18, Australian citizens or permanent residents and the home must be brand new. You&#39;ll also need to purchase with the intent of living in the property as your primary place of residence for six months after settlement.

You can find more detailed information on the <a href="https://www.qld.gov.au/housing/buying-owning-home/advice-buying-home/transfer-duty/how-much-you-will-pay/concessions-on-transfer-duty/concessions-for-homes ">Revenue QLD website.</a>

[smartcode_project:default project_id=28498 project_image_fid=190238]

<h2>Western Australian&nbsp;First Home Buyers</h2>

In Western Australia, eligible first home buyers could receive $10,000 for a new home. The property must be your permanent place of residence for at least six months, within 12 months of settlement.&nbsp;

You can find more detailed information on the <a href="https://www.housing.wa.gov.au/housingoptions/homeownershipoptions/firsthomebuyers/stampduty/pages/default.aspx ">Revenue WA website.</a>

[smartcode_project:default project_id=93781]

<hr />
<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="https://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

[smartcode_project:default project_id=3494 project_image_fid=184727]

&nbsp;

<hr />
Important note: The information in this article is general information only and has been prepared without taking into account your personal circumstances. While every care has been taken to ensure the accuracy of the information, Urban cannot be held liable for any inaccuracies, errors or omission.

The information in this article does not constitute legal, tax or financial advice and you should always seek professional advice before purchasing property in relation to your individual circumstances.

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

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