Builder-developer 5Point has received an unprecedented uplift at its under-construction luxury new Palm Beach apartment development, Ophira Palm Beach.

The significant planning approval allows 5Point to increase the building height and add another two full-floor apartments to the exclusive development on the Jefferson Lane beachfront, enhancing what was already one of the most anticipated absolute beachfront apartment offerings on the southern Gold Coast with sales prices averaging in excess of $7 million.

When first launched last year, five of the then-eight apartments were snapped up within just a few months, by local downsizers.

Only one of the full-floor apartments remains for sale, with the two-level penthouse currently under negotiation.

<img alt="web living" data-entity-type="file" data-entity-uuid="abc1eef9-cde1-4b56-af4d-b3e43403ab60" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/WEB_type_b_living___dining_ophira_option_1_3D_render_by_VV.jpg?VersionId=WHQyVek5KPIeBIyCyJ1oD51ovuSM_mKR" />

5Point Projects Managing Director Damian Dove said the uplift was a major milestone for Ophira and 5Point, demonstrating that when the Gold Coast City Council’s strategic planning guidelines have been met, there is an acceptance for this type of development along the coastline.

“We had gone for low density, low occupancy in the original scheme,” Dove says, adding that it was their plan to go for the uplift to 12 levels.

“We were confident that if the building was designed for the downsizer in the luxury market space we would be able to meet city plan’s framework objective.”

Dove believes the approval will sit as a benchmark for what the local council and community will accept for future development along the beach.

“I am hopeful that Palm Beach will benefit as a result whereby great design and planning will continue to enhance the beachfront landscape.”

<img alt="Ophira" data-entity-type="file" data-entity-uuid="b135701f-aa1e-467d-a666-f5ec112f8010" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-18%20at%203.06.03%E2%80%AFPM.png?VersionId=QtvRNlHySLdvGnnV0Y8hhbi91gU8zvWW" />

Each full-floor residence will offer between 294 sqm to 322 sqm of internal and external living space, including balconies with uninterrupted ocean views. They will have three ensuited bedrooms, display wine storage, and a scullery off the kitchen.

Ophira’s two-level penthouse will deliver 516 sqm of internal and external living space, comprising four bedrooms, four-and-a-half bathrooms, and its own private lift, bar and outdoor entertainment area featuring a pool, sauna, and sundeck.

Dove says the strong sales received to date is a testament to the design by BDA, the clever configurations of the floorplans to hero the beachfront setting, and the timeless luxury architectural fixtures and finishes.

“As with each of our projects, we wanted to create something that differentiated itself from the market," Dove said.

“We are passionate about creating spaces that resonate with the unique essence of Palm Beach while meeting the evolving needs of modern living."

<img alt="Superman" data-entity-type="file" data-entity-uuid="519e4360-f8a1-420d-a776-fd9e5293b617" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/WEB_superman_ophira_3D_render_by_VV.jpg?VersionId=9Www51ROXAiqgI.oDQuELXRjdko6AtmP" />

Since bringing development in-house to their already well-established construction business, 5Point has a proven capability and success. They have over $160 million of apartments under contract on Jefferson Lane alone.

Their second Jefferson Lane development, Palm Shores, just 400 metres up the road from Ophira, sold eight of its 16 residences in just four weeks. Now 12 have sold, leaving just four remaining, including a unique four-bedroom two-level beach home that offers direct beach access.

[smartcode_project_cta:default project_id=138441]

5Point Projects Managing Director Damian Dove believes the approval will sit as a benchmark for what the local council and community will accept for future development along the beach.

Joel Robinson

5Point’s Ophira uplift puts Palm Beach beachfront centre stage

Diversified developer Loftex is seeking to trigger the affordability uplift at its new Chatswood apartment tower.

They've filed for a State Significant Development Application for a 35-level tower designed by EM BE CE on a central 2,290 sqm site near the Chatswood Interchange.

EM BE CE won the design competition for what was in 2022 a 127-unit, 27-level tower at 3-5 Help Street, besting&nbsp;schemes from Kann Finch and Nettleton Tribe.

<img alt="Help St" data-entity-type="file" data-entity-uuid="c23ac16f-78ac-4426-8bae-45233ed9974e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-18%20at%2011.36.41%E2%80%AFAM.png?VersionId=z3Ww3tfYXdQt.ewxtezeaqbBtv_UwxRW" />

The upscale plans will now see 160 apartments delivered, 32 of those being affordable housing. The apartments will sit alongside 2,345 sqm of commercial space and a new 695 sqm public domain, anchored by the creation of “Cambridge Walk,” a north-facing landscaped promenade that will act as a key pedestrian link in the growing Chatswood centre.

The apartments will also sit&nbsp;atop a five-level podium and five levels of basement parking.

“The striking folding form of the building expresses and celebrates a key node in the city that it occupies,” EM BE CE noted in the Design Report.

“Its form has been derived from the complying envelope, refined to maximise the North-East outlook and sun for the residents.”

<img alt="Help St" data-entity-type="file" data-entity-uuid="3f6a8ab3-245c-4616-af13-27192aa60b3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-18%20at%2011.36.36%E2%80%AFAM.png?VersionId=eDnpPUthEWI72rZO2v9SxUleXyJs.82m" />

The site occupies a prominent position, bounded by Help Street to the south, Cambridge Lane to the west, and McIntosh Street to the north, placing it just north of the Chatswood transport interchange and adjacent to existing high-rise developments and infrastructure. This part of Chatswood has been earmarked for significant residential intensification under the Chatswood CBD Strategy 2036, which promotes high-density, mixed-use towers that contribute positively to the cityscape and public realm.

The apartment mix includes:

<ul data-end="2194" data-start="2031">
	<li data-end="2058" data-start="2031">
	37 one-bedroom apartments
	</li>
	<li data-end="2097" data-start="2059">
	18 one-bedroom affordable apartments
	</li>
	<li data-end="2125" data-start="2098">
	75 two-bedroom apartments
	</li>
	<li data-end="2164" data-start="2126">
	14 two-bedroom affordable apartments
	</li>
	<li data-end="2194" data-start="2165">
	16 three-bedroom apartments
	</li>
</ul>

EM BE CE said there will be "no dud apartments", with&nbsp;over 78 per cent of residences enjoying dual aspects.

The design weaves greenery through all levels, drawing from the Sandstone Ridgetop Woodlands and Blue Gum Forest typologies, and incorporating terraces and roof gardens that provide relief and texture.

“The deep reveals of the podium are an environmental and architectural response,” EM BE CE added. “These provide shading to the commercial areas and create opportunities for the ground floor tenancies to occupy the building edge.”

Chatswood underwent a wave of new planning proposals with various legislative changes expanding the CBD, which allowed for sites on the periphery of what was deemed the CBD to trigger increased height limits.

While several developments are earmarked for the suburb, only a handful have kicked off in recent years. Both <a href="https://www.urban.com.au/developers/goldfields-group">Goldfields Group</a> and <a href="https://www.urban.com.au/developers/central-element">Central Element</a> are under construction at their two Chatswood towers, <a href="https://www.urban.com.au/new-apartments/the-bryson-of-chatswood-871-877-pacific-highway-chatswood-nsw-2067">Bryson of Chatswood</a> and <a href="https://www.urban.com.au/new-apartments/ethos-15-ellis-street-753-pacific-highway-chatswood">Ethos Chatswood</a>.

First look: Loftex's Chatswood tower goes public with affordable uplift

The rising cost of construction, combined with significant growth in Sydney’s property market, means first home buyers looking to get a foothold on the property ladder need to act quickly in the new apartment market.

In 2023, the NSW Government increased the concessional stamp duty threshold to $800,000. This means first home buyers purchasing a new or off-the-plan apartment below this threshold pay no stamp duty — a saving of up to&nbsp;$31,090.

However, due to escalating construction costs, fewer apartment towers are being built. As a result, there’s a reduced supply of one-bedroom apartments in the market — the configuration type most likely to fall under the $800,000 threshold.

This means first home buyers must move fast when new developments are released with apartments priced below $800,000. These opportunities are becoming increasingly rare and are now also attracting serious interest from investors. While investors don’t benefit from the stamp duty concession, they are buying in an environment of falling interest rates, rising property prices, and rents at or near historic highs.

In this article, we've rounded up the top six new developments across Greater Sydney that has apartments that fall under $800,000 and make sense for first home buyers.

<h2>What: Auburn Square</h2>

<h2>Where: 26-36 Northumberland Road, Auburn NSW 2144</h2>

<h2>Who: Tian An LFD</h2>

<h2>Priced from: $540,000</h2>

Tian An recently launched the next phase of its award-winning <a href="https://www.urban.com.au/buildings/auburn-square-stage-1-26-36-northumberland-road-auburn-nsw-2144">Auburn Square</a> precinct, with prices starting from $540,000.

The new stage, <a href="https://www.urban.com.au/new-apartments/north-village-auburn-square-35-northumberland-road-auburn-nsw-2144">North Village</a>, will comprise 264 apartments across a striking Rothelowman-designed building, above a new Coles supermarket and cafe.

[smartcode_project:default project_id=149184 project_image_fid=324852]

Over 25 per cent of the new apartments were snapped up on its recent launch, driven by first home buyers, young professionals, and local rightsizers.

North Village is the&nbsp;only new development in&nbsp;<a href="https://www.urban.com.au/developments/auburn-nsw-2144" target="">Auburn</a>&nbsp;to offer the sought-after Latent Defects Insurance by Resilience Insurance. This insurance provides buyers with up to 10 years of coverage for any structural or waterproofing issues—not just in the building and common areas, but also within their individual apartments. It’s the most rigorous insurance available to developers, giving buyers genuine peace of mind when purchasing off the plan.

[smartcode_project:default project_id=149184 project_image_fid=324853]

iCIRT rated builder Binah is on site and is expecting to complete the building in 2027.

<h2>What: Central Quarter</h2>

<h2>Where: 242-252 Pitt Street, Merrylands NSW 2160</h2>

<h2>Who: Northland</h2>

<h2>Priced from: $598,700</h2>

Veteran developer Northland Group is also offering price-pointed apartments in their recently launched Merrylands development, <a href="https://www.urban.com.au/new-apartments/central-quarter-merrylands-242-252-pitt-street-merrylands-nsw-2160">Central Quarter</a>.

Also with the Latent Defects Insurance policy, Central Quarter offers 194 one-, two-, and three-bedroom apartments next to Merrylands Station, bus interchange, and Stockland Merrylands retail centre.

[smartcode_project:default project_id=5660 project_image_fid=343722]

Northland is also bringing doorstep convenenience to its podium levels in the form of a fast food operator, a 24/7 gym, and a childcare centre.

The builder-developer is well underway in the construction phase and is expecting to welcome buyers in the middle of 2026.

<h2>What: Horizon Hurstville</h2>

<h2>Where: 6 Jack Brabham Drive, Hurstville NSW 2220</h2>

<h2>Who: One Collection</h2>

<h2>Priced from: $657,000</h2>

Another developer who has timed their launch to coincide with significant progress in the build is One Collection, who has recently launched&nbsp;<a href="https://www.urban.com.au/new-apartments/horizon-hurstville-6-jack-brabham-drive-hurstville-nsw-2220">Horizon Hurstville</a>, in the heart of the connected south Sydney suburb.

Horizon is the final building within a wider precinct which already&nbsp;features a Woolworths supermarket and direct access to Kempt Field.

[smartcode_project:default project_id=149850 project_image_fid=278]

It’s the park and convenience that underpin&nbsp;<a href="https://www.urban.com.au/developments/hurstville-nsw-2220" target="">Hurstville</a>’s strong Walk Score of 81 — a number set to improve with the arrival of&nbsp;<a href="https://www.urban.com.au/new-apartments/st-clair-birtinya-930-931-waterside-retreat-birtinya" target="">St Clair</a>&nbsp;Lane, a new retail laneway soon to be activated by hospitality, health, and lifestyle businesses.

Above St Claire Lane, 179 one-, two-, and three-bedroom apartments are now available, priced well under the threshold for first home buyers to pay no stamp duty.

<h2>What: Dawn, Melrose Park</h2>

<h2>Where: 82-84 Wharf Road, Melrose Park NSW 2114</h2>

<h2>Who: Sekisui House Australia</h2>

<h2>Priced from: $639,000</h2>

&nbsp;

Sekisui House Australia has seen a wave of first home buyers at its latest stage of its Melrose Park masterplan, Dawn.

Priced from $639,000, the 368 apartments sit the closest to the new park being delivered by Sekisui. GroupGSA has designed the apartments to take in as much of the natural surroundings as possible.&nbsp;

[smartcode_project:default project_id=145496 project_image_fid=334048]

There are one, two and three-bedroom apartments on offer, as well as luxury penthouses with private rooftop terraces.

Dawn’s prime location close to the future Melrose Park High School,&nbsp;<a href="https://www.urban.com.au/developments/parramatta-nsw-2150" target="">Parramatta</a>&nbsp;Light Rail Stage 2 connection and&nbsp;<a href="https://www.urban.com.au/developments/melrose-park-nsw-2114">Melrose Park</a>&nbsp;Town Centre as well as extensive parklands, make it a popular choice with purchasers.

&nbsp;

<h2>What: Melrose Central</h2>

<h2>Where: 33 Hope Street, Melrose Park NSW 2114</h2>

<h2>Who: Deicorp</h2>

Deicorp also has seen a significant number of first home buyers at their slice of Melrose Park.

Their new development,&nbsp;<a href="https://www.urban.com.au/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>, is&nbsp;a $700 million joint venture with PAYCE and will feature a mixed-use project that will deliver around 500 apartments above a substantial 30,000 sqm retail podium anchored by Coles.

[smartcode_project:default project_id=134220 project_image_fid=289882]

The site’s early stages are already under construction, with completion of the first three towers expected by mid-2027.

Design is led by <a href="https://www.urban.com.au/architects/turner-studio">Turner Studio</a>, and the broader precinct will benefit from a new Parramatta Light Rail stop, connecting residents to Olympic Park, Parramatta, and Sydney Metro West in the years ahead.

In this article, we've rounded up the top six new developments across Greater Sydney that has apartments that fall under $800,000 and make sense for first home buyers

Why first home buyers have to act fast in Sydney's new and off the plan apartment market

Longstanding Sydney developer <a href="https://www.urban.com.au/developers/northland-group">Northland Group</a> has delivered two of the most confidence-boosting signals in the off-the-plan property market: launching their new development well after construction is underway, and securing Resilience Insurance’s 10-year Latent Defects Insurance.

Their latest project, Central Quarter in Merrylands, is already well on track to deliver 194 one-, two-, and three-bedroom apartments, along with a retail and commercial podium, by early to mid-2026.

A major bonus for buyers is that Northland is both the developer and builder, meaning they’re responsible for the full delivery and quality control of the project.

Apartments start from just under $600,000, with two-bedrooms priced from under $750,000 — making them particularly popular with first home buyers who benefit from no stamp duty under the NSW Government’s $800,000 threshold.

[smartcode_project:default project_id=5660 project_image_fid=1605]

Each residence features modern finishes, including laminate timber flooring, plush carpeting, and zoned air conditioning in all bedrooms and living areas. Open-plan living and dining areas extend to tiled balconies, maximising natural light and seamless indoor-outdoor living.

Kitchens are equipped with premium Smeg appliances and Villeroy &amp; Boch tapware, while bathrooms offer fully tiled finishes, polished chrome fittings, and soft-close cabinetry.

[smartcode_project:default project_id=5660 project_image_fid=1607]

Northland Head of Property, John Soliman, says when the opportunity arose to purchase the Pitt Street site, it was the prime location that drove the acquisition.

"Central Quarter is one of the most connected developments in Merrylands&nbsp;— and potentially in all of Western Sydney," Soliman said.

"The building sits directly next to Merrylands Station (just 35 minutes by train to the CBD), the Merrylands bus interchange, and across the road from Stockland Merrylands, home to nearly 200 retailers. It offers everything a modern day buyer would want at their fingertips."

Northland is also bringing new amenity to the base of the building, securing major fast food operators, a 24/7 gym, a childcare centre, and other local service providers to further activate the precinct.

[smartcode_project:default project_id=5660 project_image_fid=1616]

The biggest advantage for buyers at Central Quarter is the inclusion of Resilience Insurance’s 10-year Latent Defects Insurance — a major shift in buyer protection and industry transparency.

This structural warranty protects purchasers against significant issues related to structural elements and waterproofing.

Unlike traditional strata bonds, Latent Defects Insurance is purchased by the developer, activated at completion, and includes independent inspections throughout the build — helping to identify and rectify problems before handover.

[smartcode_project_cta:default project_id=5660]

Apartments start from just under $600,000, with two-bedrooms priced from under $750,000

Northland launches Central Quarter, Merrylands' first new apartment development with Resilience 10-year Latent Defects Insurance

Brighton has long held a special place in Melbourne’s property landscape, renowned for its iconic bathing boxes, pristine beaches, and lively retail strips along Church and Bay Streets. It’s a suburb synonymous with prestige and lifestyle.

Yet, for all its allure, Brighton has had a surprising gap in the market: a lack of high-quality townhouses that strike the right balance between apartment-style convenience and house-sized living.

It was a gap that boutique townhouse developer Sloane Property not only identified, but set out to fill. Sloane secured a prime site at 111 Carpenter Street, near North Brighton Station and Bay Street, to deliver just seven exclusive two- and three-level townhouses.

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Well under construction and set to welcome buyers later this year, 111 Carpenter has been designed to suit&nbsp;families, downsizers, and professionals looking for the perfect balance of space, style, and location.

Designed by award-winning architecture firm <a href="https://www.urban.com.au/architects/megowan-architectural">Megowan</a>, the homes take full advantage of the site’s northern orientation, allowing natural light to flood into expansive open-plan living areas.&nbsp;

[smartcode_project:default project_id=7517 project_image_fid=218198]

Taylor Dow highlights that what sets this project apart is how well it fits into Brighton’s vibrant fabric.&nbsp;

“Each three and four-bedroom townhome is north-facing to capture an abundance of natural light, and they all have landscaped garden courtyards designed by the well-known landscape architect <a href="https://www.urban.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>," Dow says.

Just moments from elite schools, retail precincts, parks, and the beach, the location is as practical as it is picturesque.&nbsp;

“Sloane identified Carpenter Street as the perfect spot for townhouse living,” Dow adds.

“Residents will be a short walk from Church Street and Bay Street retail and dining strips, several public and private schools, and North Brighton Station, which is only a 20-minute train commute into the city.”

[smartcode_project:default project_id=7517 project_image_fid=301405]

With builder <a href="https://www.urban.com.au/builders/virgon-construction">Virgon Constructions</a> nearing completion, buyers won’t have to wait long. The homes are on track for occupancy this September.

Adding further appeal is Sloan’s limited-time offer, allowing purchasers to secure a home with just a five per cent deposit, coupled with significant savings from the Victorian government’s temporary stamp duty abolition.

[smartcode_project_cta:default project_id=7517]

Well under construction and set to welcome buyers later this year, 111 Carpenter has been designed to suit families, downsizers, and professionals looking for the perfect balance of space, style, and location

Rahul Bharara appointed Credit Suisse's head of real estate

Staff Reporter

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