This award aims to recognise and publicly reward the efficient use of capital in a new or refurbished residential development.

Eligible entrants will be developments or refurbishments that have been completed in the previous five years, have been operating for at least one year as at 31 December 2022 and have not previously won the Award.

Also, where the development is multi staged the entrant may nominate a completed stage and will be awarded on the basis of the completed stage only. The entrant may also enter further stages as they are completed in future years but will only be recognised for those nominated stages not previous ones.

The award is open to members of the Property Council of Australia only. Innovation in your responses should be clearly expressed.

All finalist projects for the National Awards will automatically be entered into their State Development of the Year. The State Development of the Year winners will be announced via an Online Marketing Campaign prior to the National Awards Gala Dinner.

The State Development of the Year is determined by the National Awards judging panel and is awarded to the highest scored development in that state.