A new development rising at the heart of The Entrance in New South Wales could be a potential go-to destination for first-home buyers.

According to a report for the Daily Telegraph's News Local, the Langmark Luxury Apartments development allows first home buyers to get units through a bond deposit system. This enables them to get a hold of the property and settle the deposit balance upon completion of the project. This means home buyers have ample time to save and seek finance approvals.

The five-storey development has 30 units that are selling off-the-plan and has a range of sizes, the biggest of which is a 450 square metre penthouse. Located at 9-13 Armidale St., the development has unit prices between $495,000 and $1.2m.

Raine and Horne Toowoon Bay's Craig Fisher told the Daily Telegraph that first home buyers might be able to benefit from the other developments planned around The Entrance.

"The developer has more projects in the mix – they see huge potential in The Entrance. This area is a sleeping giant, and there is going to be a boom coming, you just watch," he said.

Photo grabbed from Langmark Luxury Apartments' YouTube Video.