Award-winning, sustainable developer Stable Properties is set to take on a rare new development in&nbsp;one of Sydney’s most prestigious enclaves.

Stable, led by founding directors&nbsp;Ed Horton and Danny Flynn, have created a point of difference in the development space, looking to&nbsp;restore and redefine existing buildings and heritage properties.&nbsp;

Finalists in the Property Council of Australia’s Awards for Best Heritage Development, are seeking to recycle&nbsp;a dated mid-century red-brick building in the exclusive suburb of Kirribilli.&nbsp;

<a data-entity-type="file" data-entity-uuid="d329a7e8-497e-4b1a-b6c9-6e78f354a274" href="/new-apartments/waruda-kirribilli-20-22-waruda-street-kirribilli-nsw-2061"><img alt="Render of the Kirribilli development " data-entity-type="file" data-entity-uuid="d329a7e8-497e-4b1a-b6c9-6e78f354a274" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-29%20at%203.37.27%20pm_0.png?VersionId=ezYClbqMXYNWeKKqOpGHwegV5EmoxJi_" /></a>Render of the Kirribilli development on Waruda St.

Taking up a prime corner site at 20 Waruda Street, the project will look to keep in with the surrounding 20th Century Art-Deco architecture, with the current building kept intact, restored to provide a modern facade, along with additional and extended floorspace.&nbsp;

Designed by Nettleton Tribe, a clearly defined two-storey base forms a podium which integrates the steep sloping topography of the site, along with defining the public domain and improving the streetscape character.&nbsp;

Seven whole-floor, three-bedroom apartments will be delivered across the project, with each residence generously proportioned, spanning 233 sqm.&nbsp;

Each of the apartments will feature solar panels, battery storage and EV chargers, making it one of the first sustainable high-density development, with next generation smart technologies set to be included as well.&nbsp;

Oriented and designed to maximise on the sweeping southern views, each residence will extend to expansive balconies which take in the Sydney Harbour, The Opera House, the Sydney CBD and the Harbour Bridge.

“This size of apartments, together with their quality and sustainable characteristics, is rare and as a result, will add further to the product diversity in this precinct, supporting identified demand,” Nettleton Tribe said in their application plans.&nbsp;

<a data-entity-type="file" data-entity-uuid="dc17336a-9ef1-4602-a8b8-ffc3b1668506" href="/new-apartments/waruda-kirribilli-20-22-waruda-street-kirribilli-nsw-2061"><img alt="Render of the Kirribilli development on Waruda St with views to Sydney Harbour" data-entity-type="file" data-entity-uuid="dc17336a-9ef1-4602-a8b8-ffc3b1668506" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-29%20at%203.38.02%20pm.png?VersionId=6JoptRSu7MVN37727qVvKSz9Hr8idYB5" /></a>Render of the Kirribilli development on Waruda St with views to Sydney Harbour.

“Demand for large three-bedroom-plus apartments, to replace impressive family homes, particularly from the Upper North Shore, is growing and market availability is rare and limited.”

“These apartments will fill this gap and add to apartment diversity within the immediate area.”

The proposed architectural language, being conscious of the sensitivities within the Heritage Conservation Area of Kirribilli, is contemporary with an emphasis on simple expression of forms and materials.

A layering of elements add texture and visual interest to the facade, while a considered palette creates a juxtaposition to the adjacent buildings.&nbsp;

Previously Stable developed The Burcham in Rosebery, the regeneration of the old Wrigley’s factory.

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Stable, led by founding directors Ed Horton and Danny Flynn, have created a point of difference in the development space, looking to restore and redefine existing buildings and heritage properties

alisonwarters@gmail.com

First look: Stable Properties lodge plans for new Kirribilli apartments

Mirvac are continuing to raise the bar within their residential communities.&nbsp;

This time, the Australian property developer has collaborated with a group of pioneering Australian consumer brands to deliver an innovative ‘Future Ready Display Home’ at its $350 million community, The Fabric in Altona North.&nbsp;

Like all homes at The Fabric, the 7-star NatHERS rated Future Ready Display Home is designed to use 27 per cent less energy annually to heat and cool compared to a standard 6 Star rated home.&nbsp;

With the additional inclusions of energy efficient, fully electric appliances and rooftop solar panels, the home is estimated to deliver substantial savings to customers on energy bills with the opportunity to choose renewable grid power and have a fossil fuel free home.&nbsp;

<a data-entity-type="file" data-entity-uuid="960a2199-d1dc-45d3-a6dd-7b555deeb92f" href="/new-townhouses/the-fabric-altona-north-188-198-blackshaws-road-altona-north-vic-3025"><img alt="Inside the Future Ready Display Home" data-entity-type="file" data-entity-uuid="960a2199-d1dc-45d3-a6dd-7b555deeb92f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/20221103_The%20Fabric_91.jpg?VersionId=FVF5ZWQQ8YMD96kuGNJ.PBI4ExBs.rsJ" /></a>Image inside the Future Ready Display Home at The Fabric. Image supplied.&nbsp;

Set to open this weekend, the Future Ready Display Home is part of Mirvac’s ambition to drive environmental and social sustainability and will explore how small choices in the home can have big impacts on the planet.&nbsp;

Partnering with over 16 Australian brands, Mirvac have engaged interior designers, Without Studio to curate and style the 155 sqm display home, which will showcase a townhome ahead of its time, according to Mirvac.&nbsp;

Visitors to the Future Ready Display Home will have the opportunity to explore and learn more about sustainable furniture, appliances, fashion, cleaning, bedding, beauty, personal care and more, with Mirvac’s sustainability collaborators including Boody, Carlotta &amp; Gee, Community Bike Hub, Go for Zero, Great Wrap, Harvey Norman, Jardan, Joshua Space, Koala, Outland Denim, Pleasant State, Plyroom, Rocc, Sans Beast, Smeg, The Dirt Company and The Plant Society.&nbsp;

Mirvac’s General Manager of Residential Victoria, Elysa Anderson, said that Mirvac hopes the home will provide an opportunity to educate existing and future homeowners on the benefits of sustainable living.&nbsp;

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“Mirvac is at the forefront of driving change in housing sustainability initiatives and we understand that home efficiency is more important than ever to homeowners. The Future Ready Display Home is part of our long-term goal to improve our residents’ lifestyle by reducing their energy bills and environmental impact,” she said.&nbsp;

“Our partnerships with this amazing group of Australia’s most innovative sustainable consumer brands will allow us to collectively connect with and educate our community on how sustainable products can positively impact their daily lives.”

In addition to each fully-electric townhome in The Fabric achieving a minimum 7 Star NatHERS energy rating, the homes will also be built to achieve the Livable House Australia (LHA) Silver Design Certification to meet the changing needs of occupants across their lifetime.

Located at 188-198 Blackshaws Road, over 60 residents across 30 homes already live at The Fabric. Upon completion The Fabric will be home to circa 1,500 residents across more than 500 two, three and four-bedroom townhomes and future mid-rise apartments.&nbsp;

The 11.5 hectare masterplanned community has been designed to enhance the health and wellbeing of future residents, with a strong focus on creating green, landscaped public and private garden spaces set within a dynamic, family-friendly urban village.&nbsp;

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At its heart is the newly opened 4,000 sqm Patchwork Park, complete with spiral slide, climbing structures, musical elements, herb garden and barbecues and picnic shelters for residents and the local community to enjoy.&nbsp;

Mirvac has also partnered with the Stephanie Alexander Kitchen Foundation (SAKGF) to further strengthen sustainable living solutions at The Fabric. The partnership will see SAKGF advise on the design and delivery of the planned community garden and kitchen facilities, as well as helping to educate families to form positive food habits for life.&nbsp;

The creation of The Cook’s Patch program will allow residents and the wider community to come together to learn, participate and celebrate food education based on the principles of growing, harvesting, preparing and sharing.&nbsp;

Limited opportunities currently remain to purchase within The Fabric’s highly anticipated Jacaranda Precinct, which is ideally located adjacent to The Lawn - planned to provide a range of active spaces for the community, including a half basketball court.

[smartcode_project_cta:default project_id=22699]

Partnering with over 16 Australian brands, Mirvac have engaged interior designers, Without Studio to curate and style the 155 sqm display home, which will showcase a townhome ahead of its time, according to Mirvac. 



Mirvac reveal Future Ready Display Home at The Fabric in Altona North

Kincrest are gearing up to set a new benchmark for residential development in Essendon.

The group has launched it's latest project, The Watson, just 37 apartments at 1 Thorn Street, offering it's future residents the convenience of Mt Alexander Road's transport connections to the east, and Lincoln Park to the west.

The Watson is designed to be lived in, Kincrest Director Tom Howgate says, with the group creating homes that are a combination of functionality, timeless design and quality materials.&nbsp;

“We pair unrivalled locations with our prestige design and construction partners to surpass our purchasers’ expectations," Howgate says.

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"We are driven to expand as an iconic and recognised leader in quality, innovation, sustainability and property development."

And buyers have certainly noticed, with 25 per cent of the residences already sold in the first two weeks of being on the market.&nbsp;

The 37 apartments offer a mix of one two and three-bedroom floorplans, spread across the six-level building. There are also four townhomes on offer.

The exterior of the building has been designed by renowned architects Rothelowman, who have created apartments with spacious balconies and floor to ceiling windows, making the most of the uninterrupted city and bay views.

[smartcode_project:default project_id=135737 project_image_fid=207828]

“Our intent was to create homes that stand the test of time, both through design and the selection of practical materials,” the architecture firm said. &nbsp;

“At Rothelowman, we respond to the contextual elements of the urban environment to create spaces that contribute to cities, communities and individuals.”

Local architecture and design shop Telha Clarke were engaged to design the interiors of The Watson, focusing on the family-occupier and downsizer in their designs.

Internally, the apartments feature a neutral colour palette, with timber floors and Miele appliances throughout. The open plan living and dining spaces provide generously-proportioned areas for entertaining, complemented with plentiful natural light pouring into every space in the homes.&nbsp;

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Essendon has had a long and rich cultural standing within Melbourne since its establishment.

The suburb’s quintessential palms, planted in 1929, are the longest and largest single planting of their kind in Victoria. And with the area homing one of the AFL’s most passionately supported teams, it’s not been left behind in the gentrification and modern development of the enclave.&nbsp;

Residents of The Watson will be near to the best Essendon has to offer, while also being within&nbsp;minutes of tram, train and bus connection, providing easy connection to the greater Melbourne region.&nbsp;

[smartcode_project_cta:default project_id=135737]

The 37 apartments offer a mix of one two and three-bedroom floorplans, spread across the six-level building. There are also four townhomes on offer

Kincrest launch The Watson, Rothelowman-designed Essendon apartments

Ensconced in a tranquil, parkside locale, in the heart of Box Hill’s CBD, the final opportunities in Irving Domain are trickling down.&nbsp;

All the three-bedders have already been snapped up in the APH Holdings development, with just one and two-bedroom apartments remaining.&nbsp;

The one-bed, one-bathroom apartments are priced from $487,600, with living spaces over 64 sqm. Buyers can also snap up a two-bed, one-bathroom configuration for $662,500, with floorplans covering over 76 sqm.&nbsp;

[smartcode_project:default project_id=8569 project_image_fid=159862]

For those looking for a place to park their car and additional floorspace, a selection of two-bedders include two-bathrooms across 94 sqm, and a valuable car space.&nbsp;

The apartments at Irving Domain are meticulously planned to ensure the spaces work to their maximum potential and offer residents a considered and life-enhancing home.

The spaces in each of the apartments are curated to ensure separation and distinction between public, such as living and dining and private, such as bedrooms and bathroom.&nbsp;

Consideration of daily rituals was of the utmost importance during the design process and are celebrated throughout. For instance, a sense of arrival is enhanced by providing a place to store shoes, keys and bags near the front door.

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The palette of finishes is neutral and calm, where less is more. The careful balance of subtlety and indulgence ensure the interior and exterior spaces come together in a seamless and timeless manner.

The site is positioned on the cusp of Box Hill’s urban development where the approach transitions from the bustling Box Hill Central, to the leafy neighbourhood Box Hill Gardens.

The building’s form has been shaped to respond to this context. Curved walls soften the building’s edge and promote visual interest as it shifts upon approach while the materials selected reference and complement the surrounding urban environment.

[smartcode_project_cta:default project_id=8569]

Inside the last remaining apartments in Irving Domain

High-end developer EBG has just commenced construction on it's next striking project, Martin Brighton.&nbsp;

Combining the vibrancy of its Martin Street location with the heritage of Brighton, the collection of just 11 residences, EBG say, are surprisingly unconventional and reassuringly recognisable.

There's a mix of two and three-bedroom apartments, starting from 103 sqm floorplans internally. They range in price from $1,395,000 to $2.15 million for the 141 sqm three-bedroom apartments.

[smartcode_project:default project_id=5495 project_image_fid=207664]

Martin has been conceived in collaboration with architects Buchan and design doyenne Miriam Fanning's MIM Design.

Fanning says&nbsp;Martin has been designed to inspire a life of individuality.&nbsp;

“In paying respect to the residential characteristics of the surrounding distinguished suburb, it is crucial this building responds to design with a timeless substance, ensuring it harmoniously settles into its environment,” Fanning says.

[smartcode_project:default project_id=5495 project_image_fid=190767]

"The layering of the coast has influenced our design by the natural rhythm and undulating movement of the sea, textures of the rocks and soft sage green which naturally follows the coastline."

Martin deliver a seamless indoor-outdoor connection, offering views out over verdant planted balconies to the city and the water.

[smartcode_project:default project_id=5495 project_image_fid=207670]

The apartments feature stone benchtops, timber floors and wool carpets, double glazed windows and doors, and custom bespoke joinery.

Construction has commenced on the project, with completion slated for mid-2024.

[smartcode_project_cta:default project_id=5495]

Martin has been conceived in collaboration with architects Buchan and design doyenne Miriam Fanning's MIM Design

What Martin apartments will bring to Bayside Brighton

Local Gold Coast developer Aniko Group has been almost singlehandedly responsible for the transformation of Hope Island in recent years.

Aniko, led by George Mastrocostas, sold out No.1 Grant Avenue, Athena Residences, and 35 Grant Avenue in the last year or so, both of which are now under construction and part of their huge $500 million portfolio.

Their fourth Hope Island project is Athena Quays, a collection of&nbsp;177 apartments across two stages, adjacent to Athena Residences.

There's only two and three-bedroom apartments left, including a limited collection of sky homes which are being pitched at the local downsizer.

Mastrocostas said they decided to fast-track Athena Quays off the back of the successful Athena Residences which achieved a sell out within three months.

“Our fourth project in Hope Island illustrates our firm belief and commitment to this fantastic precinct," Mastrocostas said.

[smartcode_project:default project_id=109922 project_image_fid=207989]

"The rapid sell-out of our first three projects on Hope Island – No.1 Grant Avenue, Athena Residences and 35 Grant Avenue – has inspired us to write a new chapter.

"We are excited to deliver another community of new homes that will forma vital part of the wider regeneration of this area."

Taking up a unique 9,300 sqm waterfront site on Sickle Avenue, with views toward the Broadwater and surrounding waterways, the $145 million Athena Quays is home to an array of resort-inspired amenity.&nbsp;

From the secluded courtyard garden to a suite of private office facilities,&nbsp; Athena Quays’ in-house amenities are second to none.

[smartcode_project:default project_id=109922 project_image_fid=207995]

When it comes to contemporary urban living, Aniko recognised the importance of nourishing the mind, body, and soul, resulting in a state-of-the-art private gym, along with two swimming pools, a spa, and a sauna.

A fully-equipped entertainment suite featuring a 14-seat private screening room, and a residents’ lounge provides the perfect place for resident's to relax and unwind in.

Residents will also be at home with a dedicated on-site management, while the fury members of the family are also taken care of, with dedicated pet wash bays on site.&nbsp;

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It's not just the amenity on offer within Athena Quays that's been driving buyers.&nbsp;

Residents will be surrounded by world-class golf courses – including the Links Hope Island – and fashionable shopping enclaves such as Hope Island Marketplace, Westfield Coomera and The Marina Village at Sanctuary Cove. Gourmet cafes, restaurants and luscious green parks are also just a short stroll away.

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How Aniko's Athena Quays takes Hope Island living to the next level

Sustained above-average population growth is set to position the Whitsundays region for a golden era of growth, according to a report by research group Aurelius.&nbsp;

Population growth in the Whitsundays looks set to outperform the 15-year average, with Victoria and NSW leading the post-Covid boom.

“The population in the Whitsunday Regional Council area grew by 1.7 per cent per annum over the past five years, ahead of the region’s 15-year average of 1.5 per cent,” said the report.

“With population growth expected to remain above the historical average over the next two decades, it is estimated the Whitsunday region’s population will hit 49,591 by 2041, up from about 38,000 at present.”

<img alt="Render of the Shute Harbour Marine Resort " data-entity-type="file" data-entity-uuid="94989fed-19b8-49b7-9323-c237d70a267e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Front%20Executive.jpg?VersionId=kp.hjr86geYF1Trmwnyka9rnHlgbpNay" />

Among the major infrastructure investments currently under way in the region is the $350 million Shute Harbour Marina Resort which will bring to the market 395 new wet-berth marina berths centred on a residential-resort precinct comprising waterfront homes and a vibrant marina village with a retail and dining precinct, a resort hotel and backpacker accommodation.

Sam Wade, the managing director of the Shute Harbour Marina Development, said the Aurelius research highlights the opportunity ahead for the Whitsunday region and North Queensland more broadly to capitalise on the region’s growth potential.

“Australians have a growing appreciation of the region and everything it has to offer in terms of lifestyle and growth potential,” said Wade.

“With the growth we have seen over the past three years, and with the level of investment currently under way in North Queensland, this research presents a compelling case for continued growth in the Whitsunday region, particularly as international tourism begins to regain momentum.”

Aurelius Director Peter Bell, a highly regarded advisor and strategist, estimates the Whitsundays could see its tourism economy grow by an extra $600 million to $2.14 billion by 2025 if new initiatives currently in train come to fruition.

Bell highlighted that the region is already a major tourism drawcard with the visitor market expected to be worth $1.53 billion in the next three years, but the infrastructure spending currently under way in the region will significantly accelerate the tourism economy.

The top end of his forecast will see a doubling of the value of the local tourism economy over the seven years to 2025, building on an economic pillar that Bell said remains pivotal to the region’s future.

The Whitsunday economy is heavily reliant on tourism with about 3,000 people directly employed in the industry, and the expected growth in the industry will be significant for the region.

The region has become an increasingly popular destination for the domestic holiday market following an influx of interstate visitors to Queensland during the pandemic.

Tourism supports about 40 per cent of local jobs in the Whitsundays region, which is the highest in Queensland and one of the highest in Australia.

<img alt="Render of the Shute Harbour Marine Resort " data-entity-type="file" data-entity-uuid="40801710-b860-4fbd-b595-5caecb28f827" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Family%20Pool.jpg?VersionId=AObyYOROyZ8.jr3bEc8_6auiEAX28Ln1" />

The Brisbane-based researcher presented his findings on the State of the Whitsundays before a host of special guests including the Mayor of Whitsunday Regional Council, Julie Hall, and Deputy Mayor Gary Simpson during a presentation at the Whitsunday Marine Club.

Among his findings, Bell sees potential for the Whitsundays region to leverage off its reputation as a boating haven with new facilities for large and small marine vessels among the essential infrastructure projects that will support an expanding tourism economy.

Signalling the significant growth of the marine industry in the Sunshine State, Bell revealed that the number of boat registrations in Queensland grew almost four times faster than the state’s population in percentage terms during the 2021 financial year, at the height of the pandemic.

Queensland boat registrations rose 2.9 per cent in 2021, well above the 10-year average of 1.4 per cent.

The recent growth in boat ownership highlights an urgent need for increased storage capacity, especially for on-water marina berths which have sustained a high marina occupancy rate of 86 per cent in FY21, despite the pandemic.

Bell estimates the Whitsundays region’s economy is being further supported by a post-Covid migration renaissance from both interstate and intrastate migration with the latest population data showing historically higher rates of growth.

The region has become an increasingly popular destination for the domestic holiday market following an influx of interstate visitors to Queensland during the pandemic.

New research reveals the Whitsundays set for a golden era of growth

The Gold Coast apartment market came off the boil in the September quarter, but sales are still tracking higher than pre-COVID levels, while building constraints is keeping supply below historic averages.

The Urbis Apartment Essentials report has revealed 336 new apartment sales on the Gold Coast in the third quarter of this year, below the 690 sales in the corresponding period last year and record-breaking 742 recording during the first quarter of 2021.

Surfers Paradise and Broadbeach dominated the latest sales data with six of the 10 top-selling projects located there.

According to Urbis senior consultant Lynda Campbell, despite 11 new projects launched during the period, the market remains broadly undersupplied amid rising caution among developers and buyers.

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“It’s a tug of war at the moment between what we see as strong underlying fundamentals and the risk aversion being demonstrated by both buyers and developers,” said&nbsp;Campbell.

“Rising construction costs have led many developers to put their projects on the sidelines, while buyers are also being swayed against purchases by rising interest rates and cost of living pressures.

However, a number of developers still see plenty of potential and opportunity in the local market - it’s all just a matter of timing.&nbsp;

“The underlying factors that developers believe continue to support the apartment market on the Gold Coast are low supply, consistent demand, strong investment in infrastructure over the next decade, population growth, solid rental yields, and extremely low vacancy rate,” Campbell said.&nbsp;

The Urbis report notes that rental yields across the Gold Coast are tracking above Sydney and Melbourne and are on par with Brisbane. Urbis also found that the existing and established apartment market continues to perform relatively well.

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“We’ve been looking at the general apartment market, particularly buildings in central areas that have been completed within the last 10 years,” said Campbell.

“These properties have recorded significant increases in sales numbers which shows that demand is still very much present – an important factor with a large portion of new product settling over the next three to six months.”

With construction costs currently ‘front of mind’ for developers, more projects may be put on hold in 2023 which could maintain the supply pressure on new apartments.

“However, the factors currently driving caution in the market, such as construction costs, supply chain issues and interest rates, will ease at some stage,” she said.

The September quarter ended with 983 new apartments available for sale, compared with 517 a year earlier. The Gold Coast’s five-year average quarterly supply is 1,400 apartments and at the current rate of sales there is just 8.8 months of supply in the market.

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Some 84 per cent of current supply is located in the Gold Coast Central precinct, which includes Southport, Main Beach, Surfers Paradise, and Broadbeach, with the reflection showing in the precinct’s share of sales, at 258, which represents 77 per cent of the quarterly total.

The coastal fringe region remains under supply, while areas inland from the Gold Coast Central precinct such as Benowa, Ashmore, Robina, and Varsity Lakes, have almost no supply. The North Shore precinct, which largely comprises Hope Island to Runaway Bay, had only 68 apartments for sale while the Southern Beaches, from Mermaid Beach to Coolangatta had just 90.

The Urbis report notes that rental yields across the Gold Coast are tracking above Sydney and Melbourne and are on par with Brisbane. Urbis also found that the existing and established apartment market continues to perform relatively well.

Gold Coast new apartment sales ease from record high but supply remains below historic average 

Brisbane-based developers, SKF, has achieved a $24 million sell-out of Mermaid Sanctuary, a rare land offering on the central Gold Coast that has delivered a land sale record for Mermaid Waters.

Released to the market late last year, Mermaid Sanctuary delivered 12 homesites, generously sized from 628 sqm to 1,009 sqm, in an exclusive master-planned enclave on McIlwain Drive.

Located on an exclusive peninsular on the shore of Lake Wonderland, the 1.2-hectare Mermaid Sanctuary achieved a land sale record of $3 million for the lakefront precinct, drawing significant interest from local, interstate, and international buyers looking to secure a landholding in one of the city’s most sought-after coastal suburbs.

SKF wrapped up works on Mermaid Sanctuary early this year, with ten homesites already&nbsp;sold and two lots awaiting settlement.

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="191cd7e3-0202-4afa-81eb-a2fa742b4ab8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%201_Final%202.5k.jpg?VersionId=OoNDcOAbhCgWD2Z_TeYlAFZb.SpIodCH" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

The 12-lot waterfront subdivision, was once home to Gold Coast development pioneer and philanthropist Jock McIllwain, who helped shape the Gold Coast through key civil projects from Cavill Avenue Mall to the Isle of Capri and the canal estates of Mermaid Waters.

The former city councillor, who passed away in 2016 aged 89, was a close friend of the renowned father of the modern Gold Coast, Sir Bruce Small.

McIlwain, a great supporter of the arts and culture on the Gold Coast, played a role in many of the city’s transformational waterfront developments including Lake Wonderland at Mermaid Waters where he would later make his home.

SKF’s Director, Eric Zhao said the success of Mermaid Sanctuary pays tribute to McIlwain’s lasting legacy that has made the Gold Coast what it is today.&nbsp;

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="f6f3d4f7-0e51-469a-8256-0663d0212f05" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%2037_Interior_Final%202.5k.jpg?VersionId=trN_lKHmj5Dz2krbhpSUEq__JSRJtLby" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

“Mermaid Sanctuary achieved a very high inquiry rate from buyers, many of whom were looking to upsize to a waterfront location which is extremely rare to find on the central Gold Coast today,” said Zhao.

Among the buyers to stake their claim in the Gold Coast’s development history are local and Brisbane business owners, property developers and property industry professionals.

Prices achieved at Mermaid Sanctuary ranged from $1.2 million to $3 million, with land sales reaching a high of about $3,000 per square metre among the last sites sold.

The $3 million record represented a 35 per cent price premium compared to similar waterfront lots sold during the same period for a site located across Lake Wonderland.

Each site at Mermaid Sanctuary offers wide lot frontage that allows maximum design flexibility for a new home, while each offers the option of adding a pontoon for direct water access.

The luxurious private community features 24-hour CCTV, security patrols, professionally created and maintained landscaping, including signature 30-year-old Canary Island date palms, a generous internal road with custom granite bands and high-quality LED street lighting to complement the modern home designs planned for the community.

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="0b258688-33e3-4210-a506-31e5492d03ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%2032_Day_Final%202.5k.jpg?VersionId=86oNUeQNPAJb3hPZ_z1ARE6oN8d89SpU" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

A Brisbane team of professionals was enlisted by SKF Development to undertake the landmark project. Myers Ellyett Architects was responsible for the concept architectural design of Mermaid Sanctuary, while landscape architecture was delivered by Citicene Landscape Architects and civil works were undertaken by local contractor Alder Civil.

SKF’s current portfolio totals $100 million, with the company recently announcing their major infill development, Ashgrove Sanctuary in Brisbane, which will deliver 18 residential lots on the site of former caravan park where large portions of the site will be devoted to a nature reserve with more than 3,000 new plants set to be implemented as part of the project.&nbsp;

On the Gold Coast, the group is undertaking Baileys Reserve, an 83-townhouse development at Upper Coomera, building on SKF’s recent successful industrial development in Coomera.

The $3 million record represented a 35 per cent price premium compared to similar waterfront lots sold during the same period for a site located across Lake Wonderland.

SKF Development achieve land sale record for Mermaid Sanctuary project amid sellout 

Mirvac Constructions has become the first business in Australia to be awarded the highest possible 5 Gold Star iCIRT rating by regulated ratings agency Equifax.

The Independent Construction Industry Rating Tool (iCIRT) is designed to aid property buyers by assessing an entity’s capability, capacity and ability to deliver a trustworthy building, with Mirvac the first to achieve the prestigious rating.&nbsp;

The rating tool is one of several pillars of reform introduced in NSW in recent years and is intended to raise building standards and consumer confidence in built form within the state.

Head of Product and Rating Services at Equifax, Brad Walters, said the iCIRT rating has played a pivotal role in rebuilding trust and transparency in the sector following a difficult few years across the construction industry.

[smartcode_project:default project_id=100322 project_image_fid=167722]

“It is important to recognise those that have and continue to demonstrate a high level of resilience and reliability in the delivery of trustworthy built assets,” Walters said. &nbsp;

Mirvac’s Head of Residential, Stuart Penklis said the 5 Gold Star rating had been earned through five decades of designing and building high quality, well-designed buildings across the commercial and residential sectors.&nbsp;

“We are incredibly proud to be the first, and so far, only, group in Australia to be awarded the highest possible 5 Gold Star rating,” said Penklis.&nbsp;

“Mirvac has consistently delivered a track record of quality development and now our achievement has been endorsed through an independent assessment process. Raising the standard of construction in NSW is critically important to protect purchasers and restore confidence in buying off the plan and newly built apartments.”&nbsp;

Mirvac is currently progressing with a number of residential apartment and master-planned community projects including Nine by Mirvac, Green Square and Langlee in New South Wales.&nbsp;

The group are also developing FORME at their community&nbsp;Tullamore in Melbourne, along with a number of Queensland projects, including Waterfront in Newstead and Charlton House at Ascot Green which is located on the site of the Brisbane Racing Club.&nbsp;

[smartcode_project:default project_id=93788 project_image_fid=186245]

Mirvac’s first build to rent project in Melbourne, LIV Munro, reached practical completion this month and is set to open next month.&nbsp;

Penklis said Mirvac’s integrated business model in which design, development, construction, marketing and sales are all under one roof, plays a significant role in delivering design excellence and unparalleled quality developments.&nbsp;

“The integration of best in field experts involved in every step of the process, from conception to completion to after sales customer care, is a clear competitive advantage for Mirvac,” Penklis said.&nbsp;

“For the customer, this guarantees absolute confidence that the mark of Mirvac quality is embedded in every little detail on each and every project,” he added. &nbsp;

“Mirvac enjoys a high level of customer loyalty with more than a third of new apartment projects bought by repeat Mirvac purchasers. Trust like that is not manufactured overnight; it is the result of five decades in which we have built some of the nation’s most enduring iconic buildings that have stood the test of time.”&nbsp;

“Equifax is pleased to announce that Mirvac has achieved a 5 Gold Star rating, the highest rating available under iCIRT,” Walters said.&nbsp;

[smartcode_project:default project_id=108351 project_image_fid=179497]

“Following a detailed, independent and rigorous review, Mirvac were observed to have excelled across each of the six assessment criteria.”

Mirvac General Manager of Design Management and Construction, Jason Vieusseux, said the 5 Gold Star rating is testament to Mirvac’s attention to detail and the pursuit of quality that is applied on every Mirvac project.&nbsp;

“Even in the current climate where there are enormous pressures on construction due to wet weather, constrained supply chains and workforce shortages, we never cut corners,” said Vieusseux.&nbsp;

“That uncompromising approach to construction quality has enabled us to retain and attract the very best construction professionals and work with experienced subcontractors who take pride in their workmanship and the finished products we deliver.&nbsp;

“Within our construction team, which comprises nearly 400 employees across the eastern states, we have decades of experience and knowledge which complements the technology and data driven processes that are now being used by Mirvac Constructions to build with greater precision and achieve higher quality outcomes than ever before.&nbsp;

“The focus on construction quality over the past few years and the efforts of the NSW Building Commissioner have made it more difficult for sub-standard builders to operate. This is going to benefit every property buyer in NSW and lift the reputation of the entire construction sector.”&nbsp;

[smartcode_project:default project_id=100322 project_image_fid=163028]

Mirvac is the first to achieve the prestigious 5 Gold Star rating following a rigorous assessment process. Main image: Render of FORME at Mirvac's Tullamore community 

Mirvac awarded first 5 Gold Star iCIRT rating in Australia

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]

Joel Robinson

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]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Alison Warters

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