A single street in Wolli Creek is earmarked for more than $80 million in development providing 254 apartments in three separate applications lodged with Bayside Council.&nbsp;

The applications&nbsp;will change the face of Innesdale Road, near Cahill Park.

Two applications came from the same unknown developer, with&nbsp;Marchese Partners has designing the&nbsp;four&nbsp;residential buildings proposed.

In their design statement submitted to the local council, Marchese Partners said the buildings have&nbsp;been designed to contribute to the revitalisation of the precinct and will provide visual amenity to the area.

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The $22.3 million application for 15-23 Innesdale&nbsp;is for two nine-storey towers which have been designed by Marchese Partners.

There will be 76 apartments, 15 reserved for affordable housing, across the two buildings.

The submission for 25-37 Innesdale Road is the biggest, at $29.65 million. That will see&nbsp;seven existing single and double storey houses&nbsp;demolished to make&nbsp;way for two more nine-level buildings, with 104 apartments.

The proposed development consists of two, eight-storey residential flat buildings that will include 104 apartments, with a mix of one, two, and three-bedroom offerings.

It will be made up of 37 one-bedroom apartments,&nbsp;56 two-bedders and 11 three-bedroom apartments. 42 of the units will be dedicated affordable housing apartments.

Another development application, unrelated to the two above, was also submitted in January.

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DKO Architecture handled the design of the 1-7 Innesdale Road, which will have 71 apartments across a single eight-level building.

The developments are currently being considered by the Bayside Local Planning Panel.

A single street in Wolli Creek is earmarked for more than $80 million in development providing 254 apartments in three separate applications lodged with Bayside Council this month



alisonwarters@gmail.com

Wolli Creek apartment boom set for Innesdale Road

Demand has continued for the up-and-coming Sunshine Coast suburb of Birtinya, with Cube Developments announcing a sell out success of the first tower in its Seasons by Cube project, totalling over $40 million in sales.

Comprising 54 two and three-bedroom apartments, the first eight-storey tower was launched to market six months ago and has seen a diverse buyer mix, with first home purchasers, investors, downsizers and interstate buyers all moving quickly on the opportunity to purchase off the plan.

Over 30 per cent of the second tower has already been secured since its launch prior to Christmas.

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Director Scott Juniper noted the team have also seen a spike in local downsizers to the project.

&ldquo;Empty nesters from Buddina and the neighbouring area are capitalising on a market where they can sell their existing residence as a million dollar knockdown and opt for an oceanside apartment.

&ldquo;Three-bedroom units have been particularly popular in the most recent release due to being priced at under $750,000, making them appealing to this type of buyer.&rdquo;

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&ldquo;We&rsquo;ve also sold two of the three penthouses, one to a local buyer from the neighbouring area for $1.5 million, and given the expansiveness and inclusions of these modern residences, we expect the final penthouse to move quickly too.&rdquo;

Seasons&rsquo; Tower Two offers fewer apartments per floor to Tower One, including ground floor residences, while Tower One houses the elaborate suite of amenities including a fully equipped gym, yoga studio, spa and sauna on the ground level.

Upon completion, the Cottee Parker-designed project will make up around 148 apartments set over three eight-storey towers.

[smartcode_project_cta: project_id=106957]

Over 30 per cent of the second tower has already been secured since its launch prior to Christmas

Cube Developments sell out first tower in Sunshine Coast apartment development, Seasons Birtinya

Forming part of Crown Group&rsquo;s masterplanned precinct, Waterfall&nbsp;by Crown Group delivers four towers ranging from seven to 20-storeys in Sydney&rsquo;s Waterloo.

Inspired by the lush, tropical landscapes of Indonesia, Waterfall by Crown Group is a ground-breaking development that features 331 studio, one, two and three-bedroom apartments, plus two-storey penthouses

Designed by SJB Architects, the development delivers the best in urban resort-style living with a tranquil internal lagoon, lush rooftop escape, tropical bamboo walk, and a&nbsp;22 metre&nbsp;high cascading waterfall.

The development also includes a rooftop infinity pool, a cantilevered gym, a function room, a music room, retail outlets and a rooftop lounge with panoramic views of Sydney CBD.

Despite these unrivalled amenities, the surrounding neighbourhood itself provides residents with the modern conveniences of urban living.

Below we take a look at six reasons buyers are loving the Waterloo residences.

1. Connected community

[smartcode_project:default project_id=5763 project_image_fid=182339]

Waterloo connects you with the vibrant local culture as well as Sydney&rsquo;s enormous celebrations.

The gentrified industrial area boasts a collection of converted warehouses and modern apartments, with lively old-school pubs, hip bars and award-winning eateries.

Boasting an 88 per cent walkability score, life in Waterloo means a car is optional, with employment hubs, shops, restaurants and transport all a short walk away.

Set amongst a multicultural neighbourhood, residents at Waterfall by Crown Group can come to know their neighbours through shared experiences and public spaces such as the upcoming Lachlan Precinct and Dyuralya Square.

2. Green spaces

[smartcode_project:default project_id=5763 project_image_fid=182360]

Waterloo combines the ideal inner-city lifestyle with Sydney&rsquo;s largest urban green space.

Centennial Parklands provides a great setting for fitness and fresh air, while five quality golf courses in the area, both public and private, make for the ideal weekend plans.

A range of sports centres and swimming pools are also nearby, as well as Moore Park and Coogee Beach further east.

3. Never far from anything

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Residents of Waterfall by Crown Group are never more than half an hour from any important destination while in Waterloo.

Green Square Station provides strong connections to all major attractions sitting&nbsp;just five kilometres from the CBD, three kilometres from UNSW and five kilometres from Sydney International Airport.

The area is well connected, with a number of bus services stopping along O&rsquo;Dea Avenue including the 302, 303, 348 and M20, providing connections to central Sydney, southern Sydney and Bondi Junction.

Waterloo&nbsp;will soon be even more connected, with the Sydney Metro, set for delivery in 2024, anticipated to connect the suburb to Central Station in just two minutes.

4. Value

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Residents can enjoy first-class amenities, easy travel to work and recreation, and peace of mind that they have chosen to live in an area that&rsquo;s set to grow in demand.

&ldquo;Waterloo has become a highly desirable suburb for owner-occupiers, investors and tenants alike&rdquo;, Crown Group said in their development application for Waterfall by Crown Group.

Affordable and accessible, Waterfall&nbsp;by Crown Group provides the opportunity to live in contemporary comfort at true value for money, with exciting transformations of the inner-city suburb underway.

5. Quality design

[smartcode_project:default project_id=5763 project_image_fid=182352]

Delivered by Crown Group and designed by SJB Architects, Waterfall&nbsp;by Crown Group boasts a luxurious, architect-envisioned property by a reputable Sydney-headquartered company.

Interiors of the residences follow an open-plan design, wrapped in floor-to-ceiling windows, allowing natural light to filter through.

Kitchens feature&nbsp;luxury Miele appliances, along with reconstituted stone bench tops, with apartments finished with high-quality,&nbsp;fine natural materials, creating clean, zen-like spaces.

The dwellings spill out onto generous outdoor entertaining spaces, delivering not only style but function also.&nbsp;

6. Family living

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&ldquo;A short commute from Waterloo means more time that you can spend with loved ones, leading to an ideal work-life balance&rdquo;, the project marketing points out.

Waterloo delivers a number of family-friendly amenities, including nearby parklands and educational institutions.

The abundance of leading education options in the area makes it easy for any parent, with nearby schools including Gardeners Road Public School, Sydney Girls High School and Sydney Boys High School.

University students have three world-class universities close by, the University of New South Wales, University of Sydney and University of Technology Sydney.

[smartcode_project_cta: project_id=5763]

Inspired by the lush, tropical landscapes of Indonesia, Waterfall by Crown Group delivers 331 residences in a prime Sydney location.

Why buy at Waterfall by Crown, Crown Group's Waterloo apartments

Situated on the edge of Perth&rsquo;s Swan River, The Towers at Elizabeth Quay present a uniquely Western Australian take on apartment living.

Standing alongside the iconic Bell Tower and &lsquo;Spanda&rsquo; Sculpture, The Towers cut a striking silhouette amidst the lively waterfront precinct.

The Towers at Elizabeth Quay will feature a total of 379 apartments across the two towers.

The podium is clad with Kimberley sandstone, paying homage to the Kimberley region that is famous for its multi-coloured cliffs.

[smartcode_project:default project_id=7854 project_image_fid=85809]

Residences come in a variety of configurations of one, two and three-bedroom apartments, all with modern open plan living. Limited edition penthouses feature at The Towers, ranging from one, two and three-level residences.

A selection of two-bedroom and three-bedroom homes are still available in the development, with the multi-level residences coming complete with private terraces, internal lifts and prized Gaggenau appliances.

The apartments also feature the first operable fa&ccedil;ade windows in the world to achieve high-rise engineering standards. The brainchild of Far East Consortium, the lift and tilt operable windows were researched and tested for over two years and now provide the perfect balcony replacement for high rise living, allowing you to enjoy the fresh air and waterfront views whilst avoiding the harsh winds that would normally be accustomed at such a height.

[smartcode_project:default project_id=7854 project_image_fid=85818]

Life at The Towers brings a wide range of amenities. Residents can make time to exercise in one of the various pools, work out in the gym or take advantage and relax in one of the private lounges in the many community areas. The pool terrace takes in views over and into Perth City, framing the Western Australian sunsets, drawing residents to a one-of-a-kind viewing amphitheatre, adding another unique draw card for the development.

Anchored by the Ritz-Carlton Hotel, 204 hotel suits will adjoin the towers, adding a range of luxury services and amenities for residents within development.

[smartcode_project:default project_id=7854 project_image_fid=85806]

Elizabeth Quay living offers easy access to lifestyle and transport options. Resident parking, concierge services and secure entries offer convenience and the many restaurants and food offerings on the ground floor level of The Towers provide everything a resident may need, without having to travel too far.

[smartcode_project_cta: project_id=7854]

Situated on the edge of Perth’s Swan River, The Towers at Elizabeth Quay will feature a total of 379 apartments across the two towers.


Remaining Perth apartments for sale at the completed Elizabeth Quay's The Towers

&nbsp;

Luxury buyers in Pikos Property Group&#39;s&nbsp;Kangaroo Point apartment development, Skye by Pikos, are doubling up their purchases, amalgamating two adjoining apartments to create super apartments.

Pikos&#39;&nbsp;$200 million Skye apartments has fielded interest from three separate parties to purchase two adjacent, already sizeable, 230 sqm&nbsp;apartments in the luxury development and amalgamate them under one expansive, opulent sky home of almost 450 sqm.

Director of Gap Development Sales, Grant Plummer said it was something they had never anticipated but realised the unique opportunity they had to create something special for buyers.

&ldquo;A common theme for each buyer was that they want the amazing position and view that Skye offers but they don&rsquo;t want to compromise space when moving from the family home.&quot;

[smartcode_project:default project_id=90059 project_image_fid=188830]

&ldquo;Essentially buyers are looking for a way to downsize upkeep without downsizing their lifestyle, and that&rsquo;s where we&rsquo;re seeing this demand for these mega-apartments,&rdquo; he said.

Each of the amalgamated Skye Residences will span&nbsp;372 sqm&nbsp;of internal living area, a further 32 sqm&nbsp;of balconies, and 23 sqm&nbsp;of Skye gardens.

The reconfiguration of the two adjoining apartments allows for larger bedrooms, all with ensuites, a master bedroom that is larger than some two-bedroom apartments, multiple living zones, and the provision of four car spaces designed to accommodate families with adult children.

[smartcode_project:default project_id=90059 project_image_fid=188833]

The mega-apartments sold for $6.5 million each, with the Skye penthouse priced at $10.5 million&nbsp;and the sub penthouse at&nbsp;$8.5 million.

&ldquo;While these are substantial figures, it is still incredible value when compared to the likes of Sydney and Melbourne,&rdquo; Plummer added.

&ldquo;The interstate buyers just can&rsquo;t believe how cheap we are at $13,000 per sqm&nbsp;compared to projects that are launching in Sydney at $45,000 a sqm.&rdquo;

[smartcode_project:default project_id=90059 project_image_fid=188830]

Data from Urbis released earlier this year revealed a price disparity of up to 35 per cent between premium projects in Brisbane and Melbourne and a staggering 258 per cent differential compared to Sydney.

Within days of its first limited pre-release of residences in the first stage of the development it had received more than 600 registrations of interest, prompting the first 23 luxury residences on offer to be snapped up in a $80 million buyer rush.

Set atop the cliffs of Kangaroo Point and taking in unobstructed views across the Brisbane River and skyline, Skye by Pikos brings to life 68 luxury apartments over three towers.

[smartcode_project_cta: project_id=90059]

Director of Gap Development Sales, Grant Plummer said it was something they had never anticipated but realised the unique opportunity they had to create something special for buyers

Buyers amalgamating apartments in Pikos Group's Kangaroo Point apartment development, Skye by Pikos

It&#39;s often written about in the media when talking about off the plan property - but what actually is a sunset clause?

Essentially, a&nbsp;sunset clause is a condition included in some contracts of sale&nbsp;to protect the buyer and seller. It effectively puts a time limit on the contract&rsquo;s validity.

Use of the sunset clause is open to the buyer or the seller, and either party can choose to invoke the clause if the expiry date has passed. If settlement has not taken place by the end date included in the contract, both parties are legally entitled to walk away and the buyer would receive their deposit back in full.

While sunset clauses may exist to offer security and protection for buyers when purchasing off-the-plan, they don&rsquo;t always pan out this way and can sometimes be manipulated, which is why being aware whether it is in your contract of purchase is crucial.

Buyers can get their money back should construction timelines blow out further than what was forecasted by the developer as per the contract.

However, while not frequent, but a much publicised practice, is developers pulling apartments back from buyers if they go over the agreed upon construction timeline. The allowance of this has seen developers drag their feet in the construction phase, so they can take the apartments back and re-sell them at a higher price than initially sold if the market has grown during construction.

That then unfortunately&nbsp;leaves the buyer without a leg to stand on. They will get their deposit back that they initially paid, and begin the hunt again, in a market where prices are potentially, 10, 20, or even 30 per cent higher than what they thought they were buying in to years earlier.

<h2>The breakdown</h2>

A sunset clause is generally used in one of two situations in off-the-plan developments.

Firstly, it is routinely included in off-the-plan property exchanges. In this context, the clause stipulates the date by which the developer must finish the project and that if it is not finished by the proposed date, the buyer is legally&nbsp;entitled to walk away from the contract and receive their deposit back in full.

Most of the time however, developments are finished well in advance of the outlined date, as developers often exaggerate the required timeframe to allow for delays.

Another time a sunset clause is often used is when a buyer makes a purchase conditional on the sale of their current home. The sunset clause is normally included here to protect the vendor, if the buyer fails to sell their current home within the timeframe outlined. In this context, a sunset clause protects the seller by offering them a way back onto the market, should the buyer take too long.

There are, however, cases where invoking the clause may be more difficult for one party than the other.

Legislation has been passed in some states to make it more onerous for building developers to invoke the sunset clause. In October 2015, the New South Wales Government legislated that a developer would require written consent from either the buyer or the Supreme Court if they wished to terminate the contract if the project was delayed. These changes have been made due to instances of some developers stalling projects when property prices skyrocket, backing out of contracts to then put the development back on the market at a higher price. The Victorian Government followed suit in 2018, preventing developers from using sunset clauses to intentionally delay building projects with the aim of exploiting buyers.

It is possible for two parties to come to a mutual agreement to extend the terms of a sunset clause.

<h2>Urban&#39;s advice</h2>

Be fully aware if there is a sunset clause in your contract. This should be discussed with your solicitor when signing the contract, and be aware of the construction date agreed upon in the contract.

As with all off the plan apartment development purchases, check the developers track record. It will be well covered if the developers has previously evoked a sunset clause and left previous buyers without their apartments.

While often as a buyer you will deal with the agent in charge of the sales, don&#39;t be afraid to call the developer if that puts your mind at east. They should have a website for the development with contact details.

At Urban we attempt to track every developer across Australia, and keep their track record on our site so buyers can see whether they have delivered previous projects.

Essentially, a sunset clause is a condition included in some contracts of sale to protect the buyer and seller. It effectively puts a time limit on the contract’s validity


What is a sunset clause in off-the-plan developments?

Following the success of Oceanic Tower, the first tower in the sought-after Marine Quarter precinct in Southport, developer BuildCap has launched apartments in tower two.

To be known as MQII, the Scenic Tower, the building is part of the twin-tower design by WallaceBrice Architecture, set in the Southport Priority Development Area.

The towers sit on&nbsp;the edge of water and parklands at 165 Marine Parade,&nbsp;redefining the Southport stretch of the Broadwater.

As the only approved residential development on the Broadwater Parklands, Marine Quarter is perfectly positioned to deliver the ultimate Southport lifestyle.

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It&#39;s a waterfront walk to&nbsp;Australia Fair, and the&nbsp;light rail which runs all the way up to Surfers Paradise.

Each apartment in the Scenic Tower has been designed to take in the surrounding views&nbsp;with floor-to-ceiling glass windows, which allow maximum natural light in to the apartments.

The living spaces open onto&nbsp;deep recessed balconies&nbsp;creating an indoor-outdoor living environment. The modern open-plan layout&nbsp;encourage interaction, while versatile multi-functional spaces adapt to different needs.

[smartcode_project:default project_id=7007 project_image_fid=187506]

Two and three-bedroom apartments&nbsp;start from $575,000, and two extensive sky homes are available on level 30.

Three-bedroom offerings start at level five and are priced from $895,000. They span 134 sqm and each featuring stunning north east aspect and sought after inclusions like twin vanities in the master bedroom&#39;s&nbsp;adjoining ensuite.

Apartments and sky homes are fitted out with a sophisticated interior,&nbsp;featuring stone bench-tops, timber flooring, and high-end finishes throughout.

The kitchens have premium black fittings, European cooking appliances and a dishwasher as standard.

[smartcode_project:default project_id=7007 project_image_fid=187486]

There are a number of resort-style facilities in Scenic Tower.

The rooftop level is home to a pool that encompasses the expansive coastal views, as well as a resident&rsquo;s lounge and alfresco dining space.

[smartcode_project:default project_id=7007 project_image_fid=187484]

At the ground level, there&rsquo;s ample garden spaces, a studio gym, as well as a range of convenient eateries.

Each apartment and sky home features secure car parking and a range of storage options.

[smartcode_project_cta: project_id=7007]

To be known as MQII, the Scenic Tower, the building is part of the twin-tower design by WallaceBrice Architecture, set in the Southport Priority Development Area.


Second tower in Southport's Marine Quarter apartment development launches

Burleigh Heads has been the latest hot-spot for developers, with a number of big names bringing luxury and lifestyle to the coast with a range of modern and boutique apartments.

Recently talks and community discussion have begun for the proposed Gold Coast Light Rail Stage 4 extension, which will see a stop included for Burleigh Heads, further earmarking this spot as a prime living location.

While owner-occupiers have been the keenest buyers over the last 12 months, interstate investors have also been keen, given the&nbsp;8.6 per cent annual growth rate for two-bedroom apartments and&nbsp;12.5 per cent&nbsp;for three-bedroom apartments.

Urban has had a look at the best&nbsp;apartment projects which are currently selling&nbsp;in Burleigh Heads.

<h2>1.Sea</h2>

<h2>Developer: Forme</h2>

<h2>Price: From $3,500,000</h2>

Forme&#39;s new, high-end lifestyle development is a sophisticated edition landing in the sought-after Burleigh Heads beachfront address of 96 The Esplanade.

The apartments are designed by renowned architects Koichi Takada with interiors by award-winning curator Mim Design - the same exclusive collaborators behind Forme&#39;s exclusive Goodwin Terrace project, Norfolk.

[smartcode_project:default project_id=99968 project_image_fid=187419]

Sea comprises half-floor apartments, each spanning 240 sqm and homing&nbsp;three bedrooms, three bathrooms, two car spaces and a panorama of beach, ocean, skyline and headland views.

Full-floor residences are on offer for $8,000,000. Spanning a massive 4852 sqm, these homes are configured to include three ensuited bedrooms, plus a fourth bedroom, a media lounge, a home gymnasium, a walk-in wine display bar, while utilising the remaining space for lifestyle space with a fireplace and butler&#39;s pantry.

[smartcode_project:default project_id=99968 project_image_fid=188291]

The level two&nbsp;wellness podium epitomises Sea&rsquo;s commitment to an elevated level of leisure, lifestyle and luxury to include a pool, sauna, ice baths, gymnasium and pilates studio, bathroom facilities, and an alfresco dining terrace serviced by an integrated barbecue kitchen.

Forme director David Calvisi said Sea translates to a sophisticated statement of inspired design, refined social amenity and considered lifestyle opportunities to become an outstanding destination in its own right.

[smartcode_project:default project_id=99968 project_image_fid=187416]

&ldquo;Sea is the very essence of beachfront living embracing our coastal climate, contemporary comforts and relaxed vibe in an unequivocally refined, intuitive and practical composition for the astute purchaser.&rdquo;

Each considered space is articulated with Sea&rsquo;s trademark curves, honed natural stone and coastal colour palette while equipped with state-of-the-art inclusions.

<h2>2. Glass House</h2>

<h2> Developer: Spyre Group</h2>

<h2>Price: From $12,000,000</h2>

South East Queensland developers,&nbsp;Spyre Group, has recently launched their most boutique project yet.

[smartcode_project:default project_id=104773 project_image_fid=188871]

Having spent around $11 million on 10 Goodwin Terrace last year, the Andrew Malouf-led developer is set to create Glass House, a boutique collection of&nbsp;just three apartments on the near beachfront site. There were initial&nbsp;discussions with the Gold Coast council for a six-level development, but Spyre saw the continued demand for that high-end product.

Designed by bureau^proberts with landscaping from Cusp, 10 Goodwin is set to be crowned by a two level penthouse with its own private rooftop pool.

[smartcode_project:default project_id=104773 project_image_fid=188873]

<h2>3. Sandbar</h2>

<h2>Developer: Morris Property Group</h2>

<h2>Price:&nbsp; From $1,590,000</h2>

The nearly sold-out Sandbar, by Morris Property Group, is a higher density project in the sought-after suburb.

Only three-bedroom apartments remain in the 163-apartment, 26-level&nbsp;project at 1969-1971, Gold Coast Highway.

[smartcode_project:default project_id=7013 project_image_fid=86634]

The two-bedroom apartments had&nbsp;started at $515,000 before selling out.&nbsp;The three-bedroom plus family room apartments with ocean and Burleigh Headland views are available from $1.59 million.

The Sandbar apartments have a contemporary feel and are designed to give residents the fell of living in a beach house. Featuring an entire level dedicated to recreation, Sandbar features&nbsp;a fully equipped gym, yoga deck, residents lounge, covered BBQ area and swimming pool.

[smartcode_project:default project_id=7013 project_image_fid=86641]

With an extensive vista spanning from Coolangatta to Surfers Paradise, Sandbar encompasses breathtaking views of the coast and hinterland.&nbsp;

<h2>4. De-Luxe</h2>

<h2>Developer: Weiya Holdings</h2>

<h2>Price: From $1,422,970</h2>

The Sydney-based Weiya Holdings are transforming the Old Burleigh Theatre,&nbsp;in what will be the first ever adaptive&nbsp;re-use of a building with heritage elements on the Gold Coast.

The Goodwin Terrace development, dubbed&nbsp;DE-LUXE, will see the the 1930s cinema, which closed its doors around 1970s to become the retail and dining Old Burleigh Theatre Arcade, completely transformed.

[smartcode_project:default project_id=102645 project_image_fid=178434]

Weiya are keeping large parts of the building, which is considered a landmark by locals, with the ground level and arcade being retained and restored, and&nbsp;13 levels of apartments built above.

Conrad Gargett Architects, who specialise in heritage restoration, have been called in to handle the design of the development.

[smartcode_project:default project_id=102645 project_image_fid=178435]

Two-bedroom apartments, which had been priced from $1.42 million, have all already been sold.

From levels three to 10 are two-per-floor pavilions, with 300 sqm of living space which start from $3,700,000&nbsp;million. The sub-penthouse skyhomes, on levels 11 and 12, are over 400 sqm and have a $6,900,000 million price tag. The two-level, new York style beach houses start from $5,800,000 and the two-level penthouse, which spans levels 12 to 13, takes up 485 sqm and feature it;s own private lift access and&nbsp;wine cellar, is asking a cool $8,900,000.

Recently talks and community discussion have begun for the proposed Gold Coast Light Rail Stage 4 extension, which will see a stop included for Burleigh Heads, further earmarking this spot as a prime living location

The top four Burleigh Heads apartments on the market right now

Privately owned property group, Riverlee, has appointed Icon Construction to deliver the $500 million Seafarers development featuring residential, hotel and hospitality, in what is set to be the largest private construction project in Melbourne since the pandemic.

The 18-storey development comprises 123 luxury hotel-branded residences and 277 guest rooms as part of Australia&rsquo;s first 1 Hotel &amp; Homes from SH Hotels &amp; Resorts.

Revitalising the historic Goods Shed No.5, Seafarers is a flagship project within the Northbank precinct, located between the CBD and Docklands.

[smartcode_project:default project_id=27728 project_image_fid=173912]

The project&rsquo;s multi-sector impact extends beyond construction and shows post-pandemic confidence in the residential, tourism and recreation markets.

The Seafarers build is valued at a nominal $275 million and is forecast to provide a total of 1,023 full-time equivalent construction-related jobs, with approximately 680 jobs generated upon completion.

The builder appointment of Icon comes as Seafarers records $20 million in sales and reservations since lockdown ended in Victoria last October.

[smartcode_project:default project_id=27728 project_image_fid=173921]

Riverlee&rsquo;s development director, David Lee, says that the partnership with Icon marks a significant milestone for the next wave of Northbank as a destination in Melbourne.

&ldquo;Icon shares our vision for the precinct &ndash; for it to be a high-quality, sustainable and an outstanding place to live and visit.

He also made note of the positive uptake in sales since restrictions lifted in Victoria, showing the confidence in the owner-occupier apartment market and the shift to new lifestyle opportunities in a post-pandemic landscape.

[smartcode_project:default project_id=27728 project_image_fid=173942]

&ldquo;Construction of many residential projects in the city have been put on hold because of low sales during the pandemic, but we are proud to be progressing and are confident in our offering of a unique and differentiated residential product.&rdquo;

Construction at Seafarers will commence in early 2022 with completion slated for 2024.

[smartcode_project_cta: project_id=27728]

The Seafarers build is valued at a nominal $275 million and is forecast to provide a total of 1,023 full-time equivalent construction-related jobs, with approximately 680 jobs generated upon completion.



Riverlee appoints Icon Construction to deliver $500 million Seafarers development

Residents within what will be Australia&rsquo;s tallest skyscraper, STH BNK By Beulah, will breathe in some of the freshest, healthiest and cleanest air in any Australian residential skyscraper, thanks to a bespoke centralised ventilation system that places an emphasis on health and wellbeing.

Designed primarily to optimise sleep quality and productivity, the system developed together with world-leading engineers ARUP, will also protect against noxious fumes, bushfire smoke, disease transmission and moisture issues by removing contaminants from the outside air.

[smartcode_project:default project_id=8804 project_image_fid=27929]

Fresh air is directly ducted to every STH BNK By Beulah apartment, while a full heat exchanger system recovers energy from the exhaust air stream to minimise energy consumption.

By constantly supplying fresh air and exhausting stale air, the oxygen content in each apartment is increased, resulting in up to 10 times less CO2 compared to apartments and houses where stale air is recirculated.

Beulah Managing Director Jiaheng Chen said with Beulah FreshAir&trade;, residents will feel like they&rsquo;re in the world&rsquo;s cleanest destination, constantly breathing the freshest unpolluted air at the most comfortable temperature &mdash; regardless of the conditions outside.

&ldquo;There&rsquo;s been a massive shift towards improving the ventilation and quality of air in buildings, mostly off the back of air-borne diseases, but Australians have also had to deal with unsafe air quality during our recent bushfire seasons,&quot; Chen said.

<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank"><img alt="" height="1697" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sth_bnk_by_beulah_2.jpg" width="1200" /></a>

&ldquo;Although Australia ranks incredibly well on a global scale in terms of air pollution, the Beulah FreshAir&trade; ventilation system will play a pivotal role in improving the health of residents in terms of sleep, productivity and overall well-being. If the past two years have taught us anything, it&rsquo;s that we are spending more time at home than ever before.&rdquo;

One of the towers in STH BNK By Beulah will become Australia&rsquo;s tallest building.&nbsp;There will be two towers at the&nbsp;City Road&nbsp;address, one rising 102 storeys, some&nbsp;366 metres in to the sky. There will be around 449 apartments across the two towers, as well as a hotel, commercial, and retail space.

The $2.7 billion mixed-use development, will also have its own Private Auto Club,&nbsp;Australia&rsquo;s first-of-its-kind Private Auto Club.

The STH BNK Auto Club will give residents the opportunity to use the fleet of luxury vehicles,&nbsp;from&nbsp;BMWs and Teslas to Porches and Range Rovers.

[smartcode_project_cta: project_id=8804]

A new bespoke centralised ventilation system that places emphasis on health and wellbeing will feature in STH BNK by Beulah apartments, designed primarily to optimise sleep quality and productivity.

STH BNK by Beulah to provide the cleanest air in any Australian residential skyscraper

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Joel Robinson

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alison Warters

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