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Guest observation
What really happened in Melbourne's property market last year, now that we have the benefit of hindsight?
What started out reasonably even turned into, without a doubt, a seller’s market. This also looks set to continue on in 2015, particularly as interest rates are confidently forecasted to remain at the current low levels for some time. If 2015 performs as scripted, vendors can continue to expect to achieve results more in their favour.
The Victorian state election played a significant role in the final quarter of 2014 and provided an excuse for the more cautious buyer to delay purchasing – a wait and see mentality.
This temporary withdrawal from the market place may prove to be ill advised inaction, as property prices continued to be buoyant and look likely to further increase (albeit moderately) this year. This predicted rise in property prices looks as though it will continue throughout 2015.
The imbalance between the number of buyers (more) and the number of vendors (less) will continue to be apparent as buyers compete for each property.
Low interest rates and no suggestion of movement encouraged many to invest in property during 2014. Purchasing property will continue to be one of the top investment choices for Australians in 2015 and we may also see more people using their self-managed super funds as the vehicle to invest in property.  This is unless some of the recommendations by David Murray in his recent financial system review are adopted.
With low interest rates predicted to be the norm, buying property is seen as a ‘safe’ and sensible long-term investment for many.
Mid 2014 saw a significant number of planning amendments with the creation of new residential zones allowing for much higher building density in areas with good access to shopping, transport and services. These changes will affect the growth and development focus in 2015, but is very dependent on the particular area. Positions close to all the sought after facilities (good schools, shops, transport etc.) will continue to perform well in 2015.
Early 2014 saw the owner/occupier market much stronger than the investor market. However, this became more balanced as the year progressed and, with the Australian dollar at a reduced level, we are likely to continue to attract foreign investors to our shores during 2015.
In particular, the Asian market which is enticed by high-quality public schools and universities.
Property owners can relax as the demand for property will stay strong in 2015 and low interest rates will give buyers both the confidence and the ability to purchase.
At Hodges, we are already preparing properties for sale for the first quarter of 2015. Expect to continue to see growth in 2015, albeit on a slightly more conservative scale than the previous year as there will be some economic uncertainty resulting from the Australian budget position.
Campbell Cooney is Principal and Franchise Director of Hodges Real Estate in Victoria.
 
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CampbellCooney-Zu8e5u5KU2

Demand for Melbourne property will stay strong in 2015: Hodges

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GUEST OBSERVATION
Bayside is often described as one of Melbourne’s most liveable areas and it’s easy to see why. Bayside is a large area with over 96,000 residents calling it home. From glitz and glamour in Brighton to the laid back vibe of Beaumaris there is something for everyone. 
Stretching around Port Phillip Bay, the area not only offers perfect beaches but also all the elements to make it a sophisticated and easy place to live. Large blocks of land and excellent schools attract families, whilst couples are drawn to its close proximity to the city, water front views and active outdoor lifestyle.
With a number of suburbs in the Bayside area, there is sure to be something to suit all tastes and budgets.
<a href="/news">Brighton</a>
Possibly the jewel in Bayside’s crown, Brighton is one of Melbourne’s most prestigious suburbs being home to many local celebrities and prominent individuals. The area boasts some of Melbourne’s most luxurious properties - from stately mansions to large Victorian and Edwardian homes.
Having a well-connected transport system and an excellent selection of private and public schools, Brighton attracts families looking for a sophisticated suburb to call home.
Brighton’s trendy cosmopolitan shopping precincts, situated along Church, Bay and Martin Streets, are popular among locals and tourists alike; providing shoppers and patrons with access to high-end boutiques, upmarket cafés and a number of gourmet providores.
Brighton is bordered by six kilometres of stunning coastline and is home to the iconic colourful bathing boxes at Dendy Street Beach.
Brighton’s property prices have risen significantly in the past 10 years – the median property price currently sitting at $1.9 million for a house and $940,000 for a unit. As of the 2011 census, Brighton had a population of just over 21,000.
<a href="/news">Sandringham </a>
Further along the coastline is Sandringham, another one of Melbourne’s most desirable Bayside suburbs - popular among families and older couples looking for laid back beachside living in good proximity to Melbourne’s CBD.
Health and fitness enthusiasts are attracted to Sandringham as it offers the perfect environment for a healthy outdoor lifestyle.
With almost a quarter of the area being made up of green space and parkland, residents can often be found running, walking and cycling along the foreshore.
Boasting some of the best beaches in the area, Sandringham it is the epitome of beach side living. The main area of Station Street gives residents everything they need on their doorstep including; restaurants and cafes, clothing boutiques, home-wares and bookshops, as well as a train station offering a fast direct service in to the city.
Sandringham is a popular choice for families and its large Edwardian homes, art-deco properties and California bungalows are in high demand.
For those looking to invest in a Bayside suburb, Sandringham is definitely one to consider. With large blocks of land available and a median house price of $1,180,000, the area has seen good year-on-year growth.
This article continues on the next page. Please click below.
 
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<a href="/news">Beaumaris </a>
One of Bayside’s quieter suburbs, Beaumaris has a laid-back village feel with the heart of activity its Concourse shopping precinct.
This quaint area is bustling with individual retailers such as high-end boutiques, eclectic gift shops, cafes and delis.
The Concourse is also home to the Lobster Cave restaurant – an institution amongst local residents. Other shopping areas include the Seaview strip on Balcombe Road which offers a number of amenities such as hairdressers, grocery stores and takeaways – many of the locals consider the fish and chips here some of the best in the area. There is also a small precinct in Keys Street.
For those looking to get back to nature the Ricketts Point marine sanctuary is a popular place for rock pooling, walking the dog or relaxing with the family.
Property styles vary greatly in the area – form large luxurious seafront pads to rustic bungalows. The relaxed vibe attracts families and older couples looking for the quiet life.
The median house price in Beaumaris is $1,027,500 and investors have seen an average year on year capital growth of 6.75% in recent years. Units have a median price of $742,500.
The rental market is quieter in Beaumaris than it is in its surrounding suburbs, with the number of properties rented significantly below the state average. The majority of properties are owned owner occupied. 
<a href="/news">Mentone </a>
Mentone is one of Bayside’s largest and more affordable areas, offering a great beach lifestyle with many leisure activities at its residents’ front doorsteps, including a lifesaving club, cricket club, football club, tennis club and lawn bowls club.
Mentone is a shopaholic’s delight with a number of retail strips including Como Parade West and Balcombe Road which houses restaurants, cafes, supermarkets, bakeries, home-wares and bookstores. Alternatively just a hop, skip and a jump away is Southland – one of Melbourne’s largest shopping arcades.
Mentone is a large suburb and buyers can find a diverse range of architectural styles in the area including Victorian homes, Edwardian properties, 1940s to 1970s architecture and an array of contemporary style homes.
The median house price in the area is $720,000 for a family home and $487,500 for a unit. As with many other suburbs along the bay, there is a high demand for property in the area, with an impressive average of 52 people looking at each property compared to the state average of 22 people per property.
When looking to purchase in Mentone, it pays to be wary of properties that are close to the Nepean Highway or too close to Mentone’s train line.
Campbell Cooney is a franchise director of <a href="https://www.hodges.com.au/" target="_blank">Hodges Real Estate</a>.
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Bayside, Melbourne: An area with a little something for everyone

With just a few units left in its luxury Palm Beach apartment development La Belle,&nbsp;Marquee Development Partners is planning its next.

They are moving down The Esplanade, filing plans for 31 apartments on an amalgamated 1,236 sqm site at&nbsp;<a href="https://www.apartments.com.au/new-apartments/velare-444-448-the-esplanade-palm-beach-qld-4221">444–448 The Esplanade</a>, directly opposite the Palm Beach foreshore.

The family-owned developer, ran by Jacques Winterburn, has had&nbsp;<a href="https://www.apartments.com.au/architects/ellivo-architects">Ellivo Architects</a>&nbsp;design the nine-storey building that will comprise 15 two-bedroom apartments, 15 three-beds, and a four-bedroom penthouse.

<img alt="First look: Marquee Development Partners plans 31-unit beachfront apartment tower in Palm Beach" data-entity-type="file" data-entity-uuid="83c0ffe7-28f1-4ab2-93d2-99ca28f45f15" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/palm%20beach%20da%20podium.png?VersionId=x9pY7kEFJFlZfYa4G4RKtrKQZZ7gPFmZ" />

&nbsp;

A residents' lounge with work from home pods will sit on the first level, as will a gym, an alfresco deck with outdoor kitchen, and a lap pool with adjoining spa.

The building will sit next door to Solmare by Chanine Developments, which is set to launch soon, as well as the Casablanca Palms on the Beach resort.

Marquee is on track to deliver its 11th Gold Coast project, with La Belle slated for completion in late 2026. Only four-bedroom apartments remain in the 75-unit development. Marquee has delivered several central Gold Coast projects around Surfers Paradise and Chevron Island, but in recent years has shifted its focus to the southern end of the coast, completing Palm Beach Residences, Northshore Palm Beach, and SOL and Monterey at Kirra.

&nbsp;

Joel Robinson

First look: Marquee plots latest Palm Beach apartment development

Veteran Gold Coast developer Raptis is fast approaching completion of The Sterling, its new Broadbeach apartment tower a stone's throw from the beach.

Ahead of its mid-2026 completion, Raptis has fast-tracked the completion of three fully-furnished apartments, a mix of two and three-bedroom plus study layouts on the 3rd&nbsp; level of the 24-storey building, the only new development on George Avenue.

Each of the open residences, one from the Seascape, Panorama and Cityscape collections, offers a distinct approach to scale and spatial flow.&nbsp;

[smartcode_project:default project_id=101620 project_image_fid=357478]

The Seascape apartment spans 190 sqm and sits within the sub-penthouse range, offering three bedrooms, three bathrooms, and sweeping 280-degree views across the coastline and hinterland.&nbsp;

The living and dining area is framed by full-height glazing and opens onto a large balcony, while a generous butler’s pantry and dedicated laundry space speak to the layout’s functionality.

[smartcode_project:default project_id=101620 project_image_fid=357480]

The two-bedroom Cityscape option focuses on a functional layout with views over the Gold Coast skyline. The collection comes with a separate multi-purpose room, designed to cater for a home office, media room, or guest room.&nbsp;Its open kitchen includes a walk-in butlers pantry and premium integrated European appliances.

The Panorama Collection spans 158 sqm and is designed for owners seeking defined private spaces alongside expansive living. Bedrooms are separated from the main entertaining zones, and the apartment is oriented to capture sunset views south toward Coolangatta and the hinterland.

[smartcode_project:default project_id=101620 project_image_fid=357481]

The residents of the 90 apartments will have private access to Club Sterling, located on level two offering amenities that includes a lap pool, gym, wellness studio, business suite with bookable dining and lounge spaces, plus sauna/seam/Pilates room.

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Raptis has nearly five decades of experience delivering some of the Gold Coast’s most iconic towers, including the Towers of Chevron Renaissance and the Hilton Hotel and Residences. Earlier this year, they completed Pearl Main Beach, an 84-apartment project on Main Beach Parade.
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[smartcode_project_cta:default project_id=101620]

Raptis tracks towards completion of The Sterling Broadbeach, unveils three fully-furnished display apartments

The Melbourne property market has turned a corner in 2025 after several years of stagnant growth. Cities including Brisbane, Perth, Adelaide and Canberra&nbsp;overtook the Victorian capital in terms of median property prices, leaving Melbourne as the sixth most affordable capital city in Australia.

While that affordability gap remains, the market has now officially bottomed. Price growth has stabilised, and values have begun to rise, according to Cotality.

Interstate investment has surged and buyer confidence has returned, now they are not buying into a down market.

New projects are proving particularly popular with interstate purchasers. Over the past six months, 50 per cent of investor enquiry into Melbourne on Apartments.com.au has come from interstate. At the start of the year, that figure was closer to 10 per cent.

Some of the capital’s best developers are readying new projects for launch early next year, while others are waiting on approvals before hitting the go button.

We’ve wrapped up the most exciting projects set to launch in Melbourne in 2026. Off-the-plan buyers won’t want to wait too long into the year, with the Victorian Government’s extended stamp duty concessions—which completely abolish the tax for eligible buyers of new property, set to end in October.

<h3>Queensbury 
Where: Melbourne 
Who: Hirsch &amp; Faigen</h3>

National developer Hirsch &amp; Faigen are preparing to launch their new Queens Road development on the doorstep of Albert Park. Architecture firm Forum has designed the building, which will be known as <a href="https://www.apartments.com.au/new-apartments/queensbery-71-queens-road-melbourne-vic-3004">Queensbury</a>, to frame the extensive views of the 225-hectare park.

<img alt="Queensbery" data-entity-type="file" data-entity-uuid="dcf1243b-ccfe-4552-b616-0b099186610e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Queensberry.jpg?VersionId=PH.cWH9ajID5fbD.yUb3ZveXMFM0i_SQ" />

Residents will have access to extensive ground-level amenity in the form of a fully-equipped gym, adjoining wellness centre with cold plunge pool and a sauna, and a residents’ lounge and dining room which opens to a pickleball court, one of the first of its kind in a new apartment development in Melbourne.&nbsp;

The 140 one-, two-, three-, and four-bedroom apartments will launch early in the new year through Matt George from Urban Activation.&nbsp;

<h3>Where: Glen Iris 
Who: Time &amp; Place</h3>

Fresh off completing The Queensbridge in Southbank and recently launching Park Modern in South Melbourne, growing national developer Time &amp; Place will launch its Glen Iris shoptop housing development in 2026.

Designed by award-winning architects&nbsp;<a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the five-level project at <a href="https://www.apartments.com.au/new-apartments/173-burke-road-28-hope-street-glen-iris-vic-3146">173 Burke Road</a> will feature 60 apartments, including affordable homes, targeted at downsizers, young and multi-generational families, alongside a full-line Woolworths.

<img alt="Glen Iris" data-entity-type="file" data-entity-uuid="ea54fcec-cc40-4ae2-b51d-bd819637d4e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-15%20at%201.02.39%E2%80%AFPM_0.png?VersionId=8a3k.2g5178bVHmFQKq9zR5mU4D.DLX0" />

The planning approval follows engagement over many years with the local community, the&nbsp;City of Stonnington, as well as the Department of Transport and Planning, together with the Office of the Victorian Government Architect, and reflects feedback received on urban design, local character and traffic and car park management.

<h3>Fitzroy Gasworks 
Where: Fitzroy 
Who: Milieu</h3>

Later in the year Milieu will launch <a href="https://www.apartments.com.au/new-apartments/fitzroy-gasworks-433-smith-street-fitzroy">Fitzroy Gasworks</a> to the market, having won the tender to develop the prime Fitzroy site in collaboration with Development Victoria.

The developer, with projects currently underway in Elsternwick, Brunswick, and Collingwood, will deliver the build-to-sell component of the highly-anticipated project. It will be around 420 new homes, alongside extensive commercial and retail spaces.

<img alt="Fitzroy" data-entity-type="file" data-entity-uuid="5b26b7e4-9fe2-4f89-bdc7-fdecfb45ba79" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-15%20at%203.00.10%E2%80%AFPM.png?VersionId=o9u3P5douWw7GbsrwGx1kxu.ufjajYWM" /> 
The prime site borders Smith and George St as well as Alexandra and Queens Parade. The site already features the new Wurun Senior Campus and Bundha Sports Centre.

<h3>Where: Southbank 
Who: LAS Group</h3>

LAS Group is looking to launch its new Southbank projects in 2026, following their recent approvals.

The two independent towers, designed by&nbsp;<a href="https://www.apartments.com.au/architects/fk-australia" target="">Fender Katsalidis</a>, will introduce around 700 new apartments across sites on Clarke Street and Clarendon Street.

The larger of the two towers,&nbsp;<a href="https://www.apartments.com.au/new-apartments/101-clarendon-street-southbank-vic-3006">101 Clarendon Street</a>, will have 509 apartments across a 52-level building that will also include a residents' lounge, private dining room, podcast room, golf simulator, co-working spaces, pet care facilities, and an outdoor terrace.

The smaller tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/36-42-clarke-street-southbank-vic-3006">38 Clarke Street</a>&nbsp;will be around half the size at 25 levels and home 188 apartments, a pool, gym, cold plunge, and sauna.

The taller tower is expected to complete in 2029, and the smaller tower a year earlier.

<h3>Moonee Valley Park (Stage 6) 
Where: Moonee Ponds 
Who: Hamton</h3>

Precinct-led developer Hamton is hoping to launch the sixth stage of its $3 billion Moonee Valley Park redevelopment they are creating alongside joint venture partner Hostplus.

The sixth stage will incorporate five more buildings in what is being called the Cox Plate Precinct, with around 1,100 new residences. There will be two build-to-sell apartment buildings, two build-to-rent buildings, and a hotel.

<img alt="Hamton" data-entity-type="file" data-entity-uuid="6c9327d8-533b-4982-bb1d-48f5389d68a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-15%20at%201.05.29%E2%80%AFPM.png?VersionId=I0hjB0T1W5134HPMx6iJEasDkuWXBnD_" />

The buildings will range in height from 10 to 25 storeys, and 10 per cent of the dwellings will be allocated to affordable housing.

Complementing the residential offering is over 3,000 sqm of retail space, including a circa 800 sqm supermarket, and 4,100 sqm of commercial office space. The hotel will deliver 184 rooms with ground-floor activation via lobby and retail uses.

<h3>The Brightly 
Where: Richmond 
Who: Goldfields</h3>

Richmond will receive a rare injection of a new apartment offering in the new year with Goldfields approaching the launch of <a href="https://www.apartments.com.au/new-apartments/the-brightly-9-15-brighton-street-richmond-vic-3121">The Brightly</a> on Brighton Street.

The 12-storey, mixed-use building will bring another 125 apartments and townhouses to an area where new housing has been few and far between in recent years.

Cera Stribley is behind the designs for the building that will also incorporate retail and commercial spaces on its lower levels.<img alt="goldfield" data-entity-type="file" data-entity-uuid="1f31642f-38c2-416f-ae56-fa9726514e9c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-15%20at%201.09.46%E2%80%AFPM.png?VersionId=ktESZLAkpvzmEIDsCferE8FLsErnRU0l" />

Rob Granger, Goldfields General Manager – Built Form, said the new project will bring another high-quality residential development to Richmond.

“Goldfields has a strong track record of delivery and we believe our experience in residential development and product marketing will be key to ensuring this project’s success,” Granger said.&nbsp;

<h3>Where: St Kilda 
Who: Fortis</h3>

National developer Fortis is expected to launch its St Kilda project in 2026. They are planning around 40 Woods Bagot-designed apartments on a prime Fitzroy Street site that will include around 950 sqm of&nbsp;hand-selected retailers, likely to be a providore, a bakery, or a signature food and beverage venture.

When they submitted plans to the local council, Fortis Director Charles Mellick told Apartments.com.au that the developer has long&nbsp;been interested in St Kilda, and in particular Fitzroy Street.

<img alt="Fortis" data-entity-type="file" data-entity-uuid="202d027a-4fb6-4d02-a049-002c74f73077" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-15%20at%201.28.18%E2%80%AFPM.png?VersionId=aUVoHXLp_vBeKEKBjELeL2WrYLoTKjKg" />

"St Kilda has a colourful history, character and charm and a unique position within Melbourne, immediate proximity to the CBD, parks and unrivalled amenity, yet distinctly coastal featuring one of Australia’s most well-known beaches," Mellick said.

"Fitzroy Street is one of Melbourne’s most historic grand boulevards which has admittedly seen better days, but here lies the challenge and opportunity to breathe new life into the precinct."

<h3>Camberwell House 
Where: Camberwell 
Who: Above Zero</h3>

Developer Above Zero will take on its largest project to date, 60 apartments across a 12-storey building in Camberwell.

The <a href="https://www.apartments.com.au/new-apartments/camberwell-house-699-burke-road-camberwell-vic-3124">Burke Road project</a>&nbsp;has been designed&nbsp;by&nbsp;<a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>&nbsp;and will also incorporate office and retail space on the ground floor.

<img alt="Camberwell" data-entity-type="file" data-entity-uuid="f7b0c18d-1c98-4150-a852-f2a297405495" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-15%20at%201.35.18%E2%80%AFPM.png?VersionId=q1Qspd6BrhqtoLr0hhcG7gKOwkIsCD7s" />

Jellis Craig Projects Director Stephen Bowtell will handle the sales for Above Zero on the project.

<h2 style="line-height:1.38; margin-top:24px; margin-bottom:8px">Pavilion 
Where: Armadale 
Who: Capax Group</h2>

One of the most boutique projects on this list is Pavilion, a luxury new development in one of Melbourne's premier suburbs.

Pavilion, on Wattletree Road in Armadale, has been designed by Life Architecture with interiors by Sora. They were inspired&nbsp;by the design of the Barcelona Pavilion by Ludwig Mies Van De Rohe.

"The Pavilion is renowned for its minimalist aesthetic, use of luxurious materials, and harmonious spatial flow," Sora said. "The concept evokes a sense of modern elegance, refinement, and timeless sophistication,"&nbsp;

The design is reflective of Armadale’s historic architecture, leafy streets, and mix of luxurious classic and contemporary homes, with&nbsp;marble and warm timbers used throughout.<img alt="Manningtree" data-entity-type="file" data-entity-uuid="3a2e9eb8-f8ec-4eac-9018-3fb9324a985a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-09%20at%209.26.27%E2%80%AFAM.png?VersionId=Oq2W5PJ4Cv8LBJR9huh7PlAGi4UBYt4r" />

There will be just eight homes on offer, one a full-floor penthouse with&nbsp;three bedrooms, one a master with its own sitting room with a fireplace, home office, walk-in wardrobe with dressing room, and ensuite with double vanity and freestanding tub.&nbsp;

Marshall White Projects Director Leonard Teplin says it is one of the most architecturally striking buildings he's worked on in recent years.

<h3>Bella Rosa 
Where: Rosanna 
Who: Sinclair Brook</h3>

Sinclair Brook will launch <a href="https://www.apartments.com.au/new-townhouses/bella-rose-61-71-banyule-road-rosanna-vic-3084">Bella Rosa</a>, a collection of high-end townhouses in Melbourne's north-east, early next year.

There will be just 27 three- and four-bedroom townhouses designed by Via Architects. Many are freestanding or only have one shared wall. Every townhouse will have private gardens, landscaped by John Patrick Landscape Architects, and a two-car garage.

[smartcode_project:default project_id=106718 project_image_fid=354647]

They will be located on a quiet block on Banyule Road, near Rosanna Primary School.

Jellis Craig Projects Director Stephen Bowtell is handling the sales.

&nbsp;

Melbourne's top 10 new apartment developments to launch in 2026

Leading <a href="https://www.apartments.com.au/developments/gold-coast-qld">Gold Coast</a> developer, Sherpa Group, has officially launched the $68 million Flourish Oasis, marking the group’s next chapter in the Flourish story, as they drive the transformation of Palm Beach.

Situated on an 810 sqm site, <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> will continue the brand’s legacy, delivering more residential options to a region where demand is quickly outpacing supply.

Flourish Oasis will deliver 47 corner apartments, in two- and three-bedroom layouts filled with natural light, catering to local downsizers and families. Apartments start from $990,000.

[smartcode_project:default project_id=151449 project_image_fid=357459]

“We are thrilled to have launched Flourish Oasis, marking the launch of our second Flourish project in Palm Beach,” said Christie Leet, founder of Sherpa Group.

“Oasis will be a more boutique building with protected ocean views to the north, which is extremely rare in Palm Beach. It’s amazing to see Oasis resonate with so many, having already received a strong pre-launch inquiry, with 600 people already on the waitlist.”

Palm Beach is undergoing a period of transformation, where a flood of lifestyle buyers and a shortage of new projects have made it one of the most undersupplied markets in the city, with the suburb needing more than triple its supply to meet the growing demand.

[smartcode_project:default project_id=151449 project_image_fid=357460]

A recent report from Urbis highlighted that the Palm Beach catchment will require 382 new dwellings each year to cater to the population growth but estimates that only 119 new apartments are currently available across the southern coastal area, with just eight per cent of them located at Palm Beach, pushing prices up to an average weighted sale price of $2.25 million.

Leading the charge to deliver more attainable residential options is Sherpa Group, which has quickly become the most active developer in Palm Beach, with more than $42 million invested into four sites over the past 12 months under the Flourish brand, including Amargo, Ovana, and the just-launched Oasis.

[smartcode_project:default project_id=151449 project_image_fid=357463]

“Our Flourish brand has been created to deliver design-led lifestyle-focused apartments, catered to locals who have struggled to enter or stay in the Palm Beach market,” added Leet.

“Oasis will continue the strong momentum of Amargo, delivering new energy into Palm Beach, providing homes that seamlessly blend comfort and sophistication, whilst building a community that can thrive.”

Residents will have access to premium roof-top amenities with sweeping beach views, including a pool, gym, barbecue facilities, sauna, steam room, hot and cold plunges and spa.

[smartcode_project:default project_id=151449 project_image_fid=357467]

Sherpa Group have undertaken 16 projects on the <a href="https://www.apartments.com.au/developments/gold-coast-qld">Gold Coast</a> since 2018, with the launch of Oasis, following closely behind the group’s successful debut in Brisbane with Symphony, which has sold 73 per cent of its units&nbsp;within one week of launching.

Construction is expected to commence on Oasis in January 2026 by LPS Group, with completion slated for late 2027.

[smartcode_project_cta:default project_id=151449]

Sherpa launches Flourish Oasis apartments in Palm Beach

Queensland-based builder-developer <a href="https://www.apartments.com.au/developers/bpg-developments">BPG Developments</a> has secured its second approval in South East Queensland in the space of a week.

Fresh off securing the green light from the Brisbane City Council for their <a href="https://www.apartments.com.au/news/qld/bpg-developments-secures-development-approval-for-250-million-newstead-project">103-unit Newstead tower</a>, now BPG, led by Nick Parr and Glen Williams, can start their latest project in Palm Beach.

The new $165 million project, Palmiere, will rise on the dress circle Jefferson Lane and will feature 58 apartments, three townhouses, and eight penthouses.

<a href="https://www.apartments.com.au/new-apartments/palmiere-66-jefferson-lane-palm-beach-qld-4221">Palmiere</a> will launch early next year.

Future Palmiere residents will have access to extensive wellness facilities, including a state of-the-art gym, a custom-designed sauna, luxurious spa and outdoor shower, surrounding an expansive amenities deck that will boast a pool, cabanas, sunbeds, and landscaping throughout.&nbsp;

BPG currently has five completed or planned projects across Brisbane and Gold Coast within its portfolio, totalling around $500 million end value.&nbsp;

<img alt="Palmiere" data-entity-type="file" data-entity-uuid="bd0b3762-d462-4a64-86a1-403afb07adee" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-15%20at%209.42.48%E2%80%AFAM.png?VersionId=1QEGxnUEI8OfuCiXrz_j48gKw9Q9pDoW" />

BPG Co-founder Nick Parr said Palmiere reflects the next phase in Palm Beach’s evolution as one of the Gold Coast’s most sought-after residential markets.

"Our vision was to deliver a project of enduring quality - one that responds to its beachfront location through thoughtful design and functionality. As a builder-developer, we have full oversight of every stage of delivery, which gives us greater control over quality, timelines and outcomes, and provides purchasers with confidence in both the process and the final product.”&nbsp;

BPG Co-founder Glen Williams said Palm Beach embodies the core principles of their approach.

“Each project we undertake is considered and deliberate, with a focus on long-term value and design integrity rather than volume.”&nbsp;

MOTIV Founder Carly Cottam, who has been appointed to sell Palmiere, said Palm Beach is consistently one of the top most searched suburbs in the Gold Coast for property, and it's not hard to see why.

“Palm Beach has a tight-knit community feel and offers proximity to some of the area’s best restaurants and beaches," Cottam said.

“Palmiere will appeal to a large section of the market seeking a luxury address in an attainable price point, just one block back from the beach.&nbsp;A site like this is incredibly rare and we expect the market to react positively and swiftly when we launch early next year.”&nbsp;

Campbell Cooney

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