"Buy now at today's prices and take advantage of tomorrow's gain."

That was the overarching view of experienced property investor Dale Boseley when he decided to secure three off the plan apartments in the Gold Coast recently.

"The best way to make money in a booming market is to utilize the time that is coming," Dale says.

Boseley, who hails from Victoria but has lived across the country, first looked at property in the Gold Coast in 2016, assisting his uncle when he was looking for an owner-occupier apartment.

He ended up buying in Rainbow Bay, off the plan. So when Dale decided to invest money into the Gold Coast market, that's where he started. After just a few short weeks of searching, he quickly turned to the off the plan market.

“We asked ourselves a question, ‘Where's the best place to make money in a rising market?’”

"We looked at off the plan, and sure there's always a risk in buying something, however, we found less of a risk after research and due diligence. The Gold Coast market not only attracts local buyers but also sees significant investment from Sydney and Melbourne. The demand-supply imbalance in the region appeared substantial, and we believed it was an opportunity we could capitalize on."

Like any good investor, Dale analysed various locations and the submarkets within those locations.

"We looked at the established market, however, we felt sellers were asking top dollar for really bottom quality product," Dale said.

"We got close to a few purchases, but one didn't go ahead due to concerns with the building and pest inspection, and the other didn't want to sell for the fear of it becoming an Airbnb."

Dale would go on to secure a completed apartment in Jewel Residences in Surfers Paradise, and off the plan in Sherpa's Perspective Nexus in Palm Beach, Harbour Shores in Biggera Waters by Lewis Land, and in Rainbow Bay's Radia by Paul Gedoun's S&amp;S Projects.

"What is important as an investor first and foremost is that the numbers stack up," Dale said.

"It's all about yield, potential growth and how much the forecasted rental covers the mortgage. After that though, it became about investing in a tight-knit community, something which the Gold Coast has in spades."

It was this mantra that saw Dale reach out to Sherpa Property Group to buy an apartment at <a href="/new-apartments/perspective-nexus">Perspective Nexus</a> in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>.

"Sherpa's commitment to the community was someone we wanted to be a part of," Dale said.

"They go further than just creating luxury apartment buildings, they're clearly a part of the local fabric of Palm Beach and the Gold Coast, and that plays an important part in the off the plan buying process."

Sherpa is&nbsp;<a href="/news/qld/sherpa-donate-1-2-million-apartment-proceeds-to-serving-our-people">donating all the proceeds</a> of a $1.2 million apartment in Perspective Nexus to charity Serving Our People. They've also recently revealed their new brand collection, Flourish, which will offer a more diverse range of housing options to cater for more than just the high-end downsizer. They have one, two and three-bedroom apartments in the building of 94 units on Sixth Avenue, with the one-bedrooms starting in the $600,000's.

Dale also secured an apartment in Harbour Shores in Biggera Waters, driven by the reputation of veteran developer Lewis Land.

"Lewis Land is another developer who you can hang your hat on to do the right thing by its buyers," Dale said.

"The masterplan they're putting together is unreplicable in the current land and built environment. When a product is scarce, the price goes up, and that's why we invested in Harbour Shores."

The reputation component was at play again with S&amp;S Projects, as was the scarcity factor of available new apartments in Rainbow Bay.

"We're well and truly invested in the Gold Coast, both financially and physically, and we're excited to see all the new developments come to life."

Dale took part in Urban's Buyer Q&amp;A series, which focuses on the driving factors behind buying off the plan property in Australia.

Joel Robinson

Why this property investor bought three Gold Coast off the plan apartments in six months: Urban Buyer Q&A

Buyers have flocked to Larool Crescent, the only new development to launch in Castle Hill in 2024.

In the months since launch, the market has responded strongly to the prospect of a low-rise building close to Castle Towers and a short walk to the newly connected Metro.

"<a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a> was designed to cater to every buyer, and that's exactly what we've seen since we've started selling," Boston Buckler Director Alex Walker says.

"First home buyers who have been priced out of most buildings in Castle Hill have secured several of the entry-level one and two-bedroom apartments, and while typically downsizers like to wait until construction is a little further along, we've seen them instead secure the apartments at today's price and give themselves a two-year window to work out what to do with their current home."

[smartcode_project:default project_id=135330 project_image_fid=289120]

Walker says the lack of available stock on the market has been a significant factor.

"While there's been much more development in the last five years than the five years prior, there's still not a wide choice, particularly for first home buyers and downsizers," Walker says.

10 years in the making, Larool Crescent comprises five low-rise buildings designed by&nbsp;PTW to wrap around a central courtyard.

[smartcode_project:default project_id=135330 project_image_fid=289164]

There are one, two, three and four-bedroom apartments on offer, as well as a handful of large townhouses, a rarity in new developments in the area. The interiors of the apartments have been crafted by Coco Republic.

Larool Crescent is strategically situated near&nbsp;<a href="/developments/castle-hill-nsw-2154">Castle Hill</a>'s key amenities and attractions, offering residents convenient access to popular shopping destinations like Parklea Markets and Castle Towers, as well as a variety of acclaimed local restaurants.

Builder SRG has already been appointed to deliver Larool Crescent. Buyers are expected to move in in late 2026.

[smartcode_project_cta:default project_id=135330]

10 years in the making, Larool Crescent comprises five low-rise buildings designed by PTW to wrap around a central courtyard

Sales flow at Larool Crescent as first home buyers and downsizers seek low-rise convenience in Castle Hill

Residential developer Third.i is the latest to provide its buyers with the most comprehensive insurance policy in the off the plan apartment market.

They've taken out Latent Defects Insurance (LDI) from Resilience Insurance, a first-party insurance that safeguards against structural and construction defects for up to 10 years, meaning unforeseen issues can be addressed without major financial burden.

The policy offers both developers financial protection and instills buyers with confidence in their purchase.&nbsp;Dairy Farmers is the first development in Newcastle to have the insurance.

Developers who implement LDI must adhere to high construction standards, comply with regulations, conduct thorough risk assessments and maintain financial stability to mitigate potential financial risks associated with latent defects.

"Introducing Latent Defects Insurance is a testament to our commitment at Third.i to building homes and spaces that offer our buyers lasting peace of mind and ensures they feel confident in their investment,” said Luke Berry, Co-Founder of Third.i.

“We take immense pride in our Dairy Farmers Towers project and the high standards we've upheld every step of the way. Our LDI insurance reflects our dedication to assuring our buyers that we stand behind the quality and durability of our work. As we eagerly anticipate its completion, we're thrilled to see this project come to life, creating homes that families can trust and enjoy for generations to come."

Dairy Farmers Towers is set to complete construction in mid-2026, with multi-award-winning construction company Decode appointed to deliver the project.

“We’re excited to be working with Third.i on this project in the heart of Newcastle’s West End," said said Jack 
Peschardt, Construction Manager&nbsp;at Decode.

"This development represents a significant milestone for the area and reflects our shared commitment to contributing to the growth and vibrancy of the community."

Almost 80 per cent of the 180 one, two and three-bedroom apartments have sold. The project will encompass a range of deluxe on-site amenities, including communal green spaces, a state-of-the-art gym, an elevated north-facing outdoor swimming pool and sundeck, a wine bar and cellar, as well as an exclusive residents’ only shared work hub.

Remaining apartments range from $595,000 to $2,695,000.

In addition, as an ode to Newcastle's history, the project will also re-imagine the heritage-listed, iconic glass milk bottle and clock towers as part of a pedestrianised, broader public art installation.

[smartcode_project_cta:default project_id=109979]

Third.i to protect apartment buyers at Newcastle's Dairy Farmers Towers with leading 10-year Latent Defects Insurance

The transformation of Double Bay's Cross Street into one of the most prestigious stretches of luxury retail and apartments, is set to continue.

The latest shoptop housing plans will see the home of several retailers demolished, including the well-known Florida dry cleaners, womens clothing store Alex &amp; Harry, and cafe Bar Lanziano. They will make way for a four-level building with three street-level retail spaces, a cafe and two fashion outlets, with six luxury apartments above.

The $18 million plans for 8-10 Cross Street, an amalgamated 547 sqm site, have been lodged by&nbsp;Caradonna Capital, directed by the Point Piper-based Tyson Fenay. The company is also associated with Chinese property developer&nbsp;Feng Miao Ting.

<img alt="Double Bay" data-entity-type="file" data-entity-uuid="90409ade-71c8-4b9e-8aca-94c92eaa2dae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-24%20at%2010.42.19%E2%80%AFAM.png?VersionId=e5HTYhHORxhBo0Gjkc25PEotHI8taxAr" />

Different entities but the same directors bought 8 Cross Street, known as Herford House, for $15 million in late 2023. They bought 10 Cross Street, which has approval for a six-level mixed-use building, in 2019 for $10.25 million.

Woods Bagot has designed the development which they said in the Urban Context Report "endeavours to contribute to the existing amenity of each site edge, whilst introducing new public domain, associated retail and new residential apartments."

"<a href="/developments/double-bay-nsw-2028">Double Bay</a> is Woollahra’s unique local business centre, which enjoys a privileged position near the southern edge of Sydney Harbour in Sydney’s Eastern Suburbs. The area is characterised by tree lined streets, significant residences, retail frontages and arcades. Outdoor dining and street activation is particularly strong in close proximity to the site, as is the presence of the Intercontinental Hotel north-west of the site.

"There is an eclectic mix of architectural periods in the area from Victorian terraces, Federation cottages, Art Deco facades and a nearby example of brutalist architecture. In the immediate Cross Street vicinity, a more modern streetscape is appearing, which this development has been designed to sit comfortably within. The proposed design retains a mix of masonry and stone-like facades to all edges and continues the retail frontages and awnings of the street and pedestrian lane."

<img alt="Double Bay" data-entity-type="file" data-entity-uuid="d2892a13-ef4a-4d37-848c-790f498c29ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Double%20Bay.jpg?VersionId=e4GrEMrZJo0itRqdDKpd5q7lEMDSiytu" />

The seven apartments start from 139 sqm and all have three bedrooms.

The first two levels above street level will have two half-floor apartments on each. Above will be three penthouse-style apartments, spanning the whole floor and offering over 300 sqm of internal space and four balconies. The penthouse also has access to a private 86 sqm roof terrace.

Woods Bagot said the design centres around the garden village history of Double Bay and pays homage to its botanical antiquity..

"The proposal focuses on the language of gardens in the area and is centered around the original fig tree; the intention is to retain the tree in good health and let it add a homely touch to the residential entry.

"The development has a minimalist material palette that is in keeping with existing palette along Cross Street but with a variation in colour or texture, such as brick masonry patternation to stone like GRC and a metal feature material for retail accentuations and residential trims.

"The proposal is an appropriate response to the character of the neighborhood both existing and proposed and will serve to provide a new standard of residences in Double Bay."

Cross Street is one of Double Bay's most popular streets, lined with cafes, restaurants and retail outlets. It is currently undergoing a full transformation, led by Top Spring Australia's Ode Double Bay.

<img alt="Double Bay" data-entity-type="file" data-entity-uuid="acbccdb2-f6c6-4690-928c-79071aa336ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-24%20at%2011.19.08%E2%80%AFAM.png?VersionId=UspaBigDt_Zer7LbDxFqBr9lpepeQbaN" />

<a href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028">Ode</a> is home to Double Bay's most expensive apartments. There's been record sales at $24.9 million and $21.49 million. The five penthouses and subpenthouses sold at an average sale price of $20 million.

The six-storey building, designed by celebrated Sydney architect Luigi Rosselli with just 15 apartments, is under construction and is slated for completion in early 2026.

Developer SJD kicked off the Cross Street rejuvenation with Encore 1788, which was followed by 1788 Residences.

34 Cross Street is slated for a new commercial building by fund manager Ben Finger, while 12 Cross Street, next door to the latest application, is owned by luxury residential developer HSN who will no doubt be proposing something equally impressive.

Cross Street is one of Double Bay's most popular streets, lined with cafes, restaurants and retail outlets

First look: Double Bay's Cross Street transformation to continue

Prestige property developer Omira Property Group has appointed&nbsp;Sanctuary28 to build Mana, its architecturally striking Ballina villa development between the water and the town centre.

The <a href="/new-townhouses/mana-ballina-86-90-norton-street-ballina">14 villas</a> have been designed by C2 Architecture, the same architect <a href="/developers/omira-property-group">Omira</a> had deliver their award-winning Byron Bay villa development, Asana Byron.

The three-bedroom villas, each with a study space, have interiors crafted by Mon Palmer of Bare Cabo design studio, who has developed an interior scheme that emanates calm.

[smartcode_project:default project_id=144558 project_image_fid=264604]

Texture is a common theme among the 14 villas and opulent materials have been selected for their quality and durability, with marble and stone featuring throughout the villas, working cohesively with the external stone cladding to create an coastal effect.

Timber-look panels around the exterior soften and modernise the white rendered facades while ensuring the exterior endures the harsh Australian summer. Hit-and-miss brickwork serves to protect the home from the heat while welcoming summer breezes.

[smartcode_project:default project_id=144558 project_image_fid=261474]

Omira Property Group Director Alasdair Baker says <a href="/developments/ballina-nsw-2478">Ballina</a> is a "sleeping giant of opportunity that’s just about to wake up.”

Titans of the hospitality industry have begun to spot the beach town’s potential. The owners of Bang Bang and Hutong Harry’s in Byron Bay have opened Italian eatery Capiche; the team at Fishheads in Byron have popped up at Wharf Bar &amp; Restaurant Ballina; while local favourite Kelp has developed a reputation for top-notch seafood. The Shaw’s Bay Hotel (the Shawsy), offers a relaxed hospitality experience with live music overlooking Shaw’s Bay.

Baker snapped up a site on Norton Street that allows future Mana residents to walk their paddleboard to the creek, stroll to the park, or follow one of the area's cycle tracks from the front door. Mana is also walking distance to the lively town centre which has bars, boutiques, and gourmet retailers as well as shops and schools.

[smartcode_project:default project_id=144558 project_image_fid=293912]

Demolition of the current homes on the site will begin in November, with the build of the villas to start soon after. Completion of Mana is slated for early 2026.

Baker founded Omira Property Group with a clear intention.

"At Omira, we believe where you live should inspire you every day,” Baker says.

“It’s an exhaled breath, a tangible feeling of relaxation. And, so, our purpose is to create homes that allow people to live authentically and love where they live.”

Omira is putting the final touches to its villa development in Cabarita, <a href="/new-townhouses/bogangar-nsw-2488">Kai Residences</a>, and is soon to launch Solis, another boutique villa development, in Pottsville in Northern NSW.

WATCH: <a href="/news/nsw/inside-mana-ballina-urban-speaks-to-the-key-stakeholders-in-ballinas-best-new-development">Urban speaks to the key stakeholders in Ballina's best new development</a>

[smartcode_project_cta:default project_id=144558]

Demolition of the current homes on the site will begin in November, with the build of the villas to start soon after. Completion of Mana is slated for early 2026.

Builder appointed at luxury Ballina villa collection, Mana

OSK Property has revealed the luxury penthouses atop BLVD, the latest stage of its $3 billion Melbourne Square precinct in Southbank.

<a href="/developers/osk-property">OSK Property</a> called on globally renowned designer, David Hicks, to craft the interiors of the eight penthouses that start from $4.46 million. One has already been snapped up for $6 million.

The penthouses range in size between 180 sqm and 471 sqm.

David Hicks designed the high-end residences to act as sanctuaries of opulence, catering to discerning tastes with a bespoke ‘East meets West’ theme, inspired by his international travels, fusing Eastern minimalism with Western opulence and scale.&nbsp;

“To establish a unique direction, we looked towards the East and the West for inspiration, from the most luxurious developments in New York, to refined Parisian apartments, to luxury hotels in Japan and Asia,” Hicks said.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=300209]

Hicks said it was this individualised approach that gave the BLVD penthouses an extra layer of luxury.

“The approach to designing BLVD’s penthouses as individual projects retains the grandeur, privacy, and high-end design details typical of a standalone luxury home. This is a process rarely seen in high-volume apartment towers, and it will make for considered, luxurious and resolved homes. &nbsp;

“As a design practice, we see this as a pioneering stepping stone to what luxury development will be more about in the future, with BLVD leading the way."

The most impressive apartment in the&nbsp;<a href="/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a>&nbsp;penthouse collection is The Garnet, an expansive two-level, duplex-style apartment across levels 74 and 75 of the tower. The Garnet features a&nbsp;striking architectural design, highlighted by a white sculptural staircase floating above a reflection pond that connects the two floors.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=300207]

The staircase, framed by a marble archway, is positioned next to a polished brass wine cellar, leading to the main living area lined with floor-to-ceiling windows. The kitchen features a burgundy marble island with Calacatta Viola detailing and concealed state-of-the-art appliances.

The primary bedroom suite includes fabric-lined walls, custom timber veneer joinery, and a walk-in wardrobe designed to mimic a luxury boutique, with silk carpet, patterned timber veneer, and mirrored panels, completed by a marble-clad ensuite with a statement bathtub overlooking the bay.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=300210]

OSK Property Sales &amp; Marketing Director, Ivy Chen, said one significant driving factor of BLVD’s Penthouse Collection design was approaching each quarter-floor residence as an individual home, ensuring each offers a unique living experience that feels more like a standalone home than a bulk apartment dwelling.&nbsp;

“We challenged Hicks with crafting a unique ‘East meets West’ design for each individual penthouse, and the result is eight one-of-a-kind residences," Chen says.

"Each has its own distinct views, customisable options, and floorplans, meaning buyers will be spoilt for choice when designing the home of their dreams."

Residents of BLVD’s Penthouse Collection will have exclusive access to the premium Skye Club Lounge on level 55. The Skye Club Lounge will feature a cocktail bar, dining room, and private gym.

The building also offers an <a href="/news/vic/blvd-in-southbank-to-pursue-australias-well-certification-with-string-of-apartment-facilities">extensive range of amenities</a>, including private dining rooms, &nbsp;a state-of-the-art gym, a 25m indoor swimming pool, spa, sauna, golf simulator, entertainment and lounge spaces, and a double-storey co-working area.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=216123]

Embodying a commitment to sustainability and well-being, BLVD features carbon-neutral operation-enabled residences, gas-free design, EV charging stations, and a zen garden.&nbsp;

The tower sits within the broader Melbourne Square precinct which has already delivered a lush 3,745sqm Kennedy Park, full-line Woolworths, an early learning centre, a soon-to-expand retail precinct, and is holistically designed to focus on improving the health and wellness of residents.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=211870]

BLVD is currently under construction by <a href="/builders/multiplex">Multiplex</a> with completion expected in Q1 2028.

Project marketers and valuers are expecting penthouses in Mebourne to more than double to around $60,000 per sqm in the next few years. The BLVD penthouse collection starts at just over 24,000 per sqm.

[smartcode_project_cta:default project_id=107714]

East meets west at showstopping David Hicks-Designed penthouses at Melbourne Square 

Luxury penthouse collection by David Hicks revealed at BLVD Southbank

R.Iconic is one of the latest apartment developments to be completed in South Melbourne.

<a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a>, located at 259 Normanby Road in the heart of the suburb, rises 31 levels and was designed by Plus Architecture. It stands out prominently against the backdrop of Melbourne's city skyline

We recently toured the completed penthouses and facilities to see what R.Iconic has to offer.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/TbLX2GtRlSY?si=V9Jtl4dDaSXrJnLZ" title="YouTube video player" width="560"></iframe>

The open-plan penthouse collection flows seamlessly from the kitchen—featuring Gaggenau appliances, a butler’s pantry, and a stunning marble island bench—into a spacious living area that opens up to a generously-sized balcony with expansive views.

[smartcode_project:default project_id=5234 project_image_fid=282595]

One of R.Iconic’s highlights is its one-acre rooftop podium, home to a range of exclusive amenities including Melbourne's only rooftop running track, a heated pool, and outdoor gym facilities.

The podium also includes two dining pavilions, BBQ spaces, a zen garden, and a playground. Also within the building is a cinema, karaoke room, and a 24/7 concierge service.

[smartcode_project:default project_id=5234 project_image_fid=233907]

Exclusive to sub-penthouses, penthouses, and townhouses is The Horizon Lounge, offers breathtaking bayside views and a communal kitchen for private gatherings.

Strategically positioned, R.Iconic is just a short walk from <a href="/developments/south-melbourne-vic-3205">South Melbourne</a> Market and the Arts Precinct, with a tram stop right at its doorstep, ensuring easy connectivity.

R.Iconic is complete and ready to move in.

[smartcode_project_cta:default project_id=5234]

Urban's video tour of R.Iconic's luxury penthouse collection in South Melbourne

It was a case of research reward rather than risk reward for Mark Fitzsimmons and his fiance Sophie, who recently secured an off the plan apartment in the new Willoughby development, Willoughby Grounds.

The couple had initially been looking for a house toward the upper end of the Northern Beaches. That search however quickly ended when they discovered<a href="/new-apartments/willoughby-grounds-5-walter-street-willoughby"> Willoughby Grounds</a>.

[smartcode_project:default project_id=135512 project_image_fid=251210]

While Mark and Sophie currently reside in the eastern suburbs and work in the CBD, Mark says the couple grew up in Wollongong and enjoy being close to the water, so they were looking for something near the water but also close enough to their workplace that would provide a short commute.

"For us, <a href="/developments/willoughby-nsw-2068">Willoughby</a> struck the right balance between offering us a short commute to work each day and a gateway to the northern beaches on the weekend. There is a bus stop across the road that allows us to get to the city in 10 minutes and we can be at the beach in 20 minutes on the weekend."

There wasn't any hesitancy from the couple after they went to the onsite display suite.

"Provided you do your research, we believe there's no reason why a buyer shouldn't look at the off the plan market," Mark suggested, adding that the couple had bought off the plan previously in Canberra.

"The local developer has worked on several residential buildings in Mosman and Manly and has a solid reputation. With a reputation, a funder locked in, and the building under construction, we were more than confident to buy off the plan."

The development team behind Willoughby Grounds are<a href="/developers/first-quadrant-properties"> First Quadrant Properties</a>, led by property development veteran Chris Rose, and funding partner Qualitas.

"We were able to meet with the developer and were familiar with their work in the area. This combined with the knowledge that the builder was iCIRT rated provided us with confidence in the build"" Mark added.

[smartcode_project:default project_id=135512 project_image_fid=251213]

Willoughby Grounds, almost presenting as mini-masterplanned community, comprises five lowrise buildings, each paying homage to<a href="/developments/willoughby-nsw-2068"> Willoughby</a>'s industrial history.&nbsp;

The development will have around 160 apartments spread across the five buildings, with just 22 to 35 units in each.&nbsp;

Construction of Willoughby Grounds is being undertaken by the iCIRT rated builder<a href="/builders/dasco-australia"> DASCO</a>.

Mark and Sophie took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind buying off the plan property in Australia.

[smartcode_project_cta:default project_id=135512]

"Provided you do your research, we believe there's no reason why a buyer shouldn't look at the off the plan market," Mark suggested.

"Research removes risk" as buyers descend on Willoughby Grounds: Urban Buyer Q&A

The proposed Sunshine Precinct is set to become the central hub of Melbourne’s booming west, driven by significant infrastructure investments and strategic urban planning.&nbsp;

Positioned as a National Employment and Innovation Cluster (NEIC), a Metropolitan Activity Centre, and a Priority Precinct, Sunshine is on the brink of transformative growth.

The vision for the proposed Sunshine Precinct is ambitious: to become the dynamic centre of Melbourne's west, supporting the next generation of jobs, innovation, and services. The Precinct is expected to accommodate up to 45,000 jobs, 26,000 homes, and a population of up to 70,000 residents.

At the heart of the transformation is the Sunshine Station Superhub, a pivotal element designed to provide seamless transport connections to Melbourne's CBD, the Melbourne Airport, and Victoria’s western regions.&nbsp;

The proposed Superhub will be developed through several key projects, including the Melbourne Airport Rail and the Western Rail Plan, which will upgrade Sunshine Station and enhance connectivity throughout the region. There’s also the proposed Sunshine Energy Park, which will transform 74 hectares into a forward-thinking urban park featuring a new stadium, outdoor sporting facilities, a community club, a sustainability precinct, and a cultural and ecological precinct.

The Melbourne Airport Rail will, for the first time, connect passengers directly from the airport to Sunshine Station and onwards through the Metro Tunnel to Melbourne's CBD.&nbsp;

Sunshine’s population is projected to more than double over the next three decades. To manage this growth, the Victorian Government released a Precinct Opportunity Statement, outlining the vision for the area’s development.&nbsp;

The proposed Sunshine Precinct will focus on three main hubs: Sunshine Station, Sunshine CBD, and The Albion Quarter.

Located adjacent to the future Sunshine Precinct, Development Victoria’s LUMA Sunshine North development is perfectly positioned to take full advantage of the proposed Sunshine Precinct.&nbsp;

[smartcode_project:default project_id=27783 project_image_fid=286483]

LUMA is a masterplanned community of 300 townhouses in the heart of Sunshine North. LUMA’s Urban and Tempo homes offer a range of two, three and four-bedroom floorplans, all within walking distance of the new Willowbark Reserve which features a children’s playground, barbecue facilities, and shaded picnic areas.

The homes at LUMA are designed with a focus on sustainability and are all electric, featuring solar PV with battery storage, double-glazed windows, and a minimum 7-star natHERs energy rating. The development is well-connected, with proximity to train stations, the Western Ring Road, Sunshine Hospital, and various local amenities.

[smartcode_project:default project_id=27783 project_image_fid=255556]

Future plans for the site include a pedestrian and vehicle bridge over Stony Creek via Metherall Street, providing a link between LUMA and the existing community, and new commercial and retail precincts featuring a mix of retail outlets such as supermarkets and specialty stores to support the everyday needs of local residents.

Right now, Development Victoria is making home ownership more accessible with its&nbsp; 2.5% upfront deposit offer. Purchasers pay a 2.5 per cent deposit and a further 2.5 per cent up to six months after contract signing.&nbsp;

[smartcode_project:default project_id=27783 project_image_fid=255559]

Development Victoria has appointed SAW Construction to deliver Stage 2 homes who have over 15 years' experience in townhouses construction across Victoria. SAW Constructions are also building the homes in Stage 1 which have surpassed 60 per cent complete.

[smartcode_project_cta:default project_id=27783]

Sunshine’s population is projected to more than double over the next three decades. To manage this growth, the Victorian Government released a Precinct Opportunity Statement, outlining the vision for the area’s development

Development Victoria’s LUMA masterplan set to benefit from the Sunshine Precinct

Resilience Latent Defects Insurance (LDI) is reshaping the way building defects are managed in Australia, providing the most extensive cover for off the plan property buyers in the market.

<h2>What is Resilience LDI?</h2>

Resilience LDI is the <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">first Latent Defects Insurance policy in Australia</a>. The insurance provides off the plan apartment buyers with a 10-year warranty for structural and waterproofing defects on both their new apartment and the building it's situated in.&nbsp;

The cover is purchased pre-construction by the property developer or builder and is designed to protect apartment owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

<h2 id="ember48">Understanding first resort strict liability Latent Defects Insurance</h2>

First resort, strict liability LDI marks a significant advancement in consumer protection in the building industry. Unlike traditional insurance, which requires proving fault or negligence, this insurance operates on a strict liability basis. This means that issues can be addressed without needing to establish fault first—a long-standing problem in new developments. This delay often leaves consumers at a disadvantage, as problems remain unresolved while legal battles drag on, leading to increased costs and frustration

With strict liability insurance, consumers are entitled to compensation without navigating the complexities of proving fault or negligence. This streamlines the claims process and ensures faster resolution, providing&nbsp;consumers with primary coverage for damages resulting from latent defects, without the need to establish fault on the part of the builder or developer.

<h2>Further strengthens build quality</h2>

Latent Defects Insurance is a key indicator of build quality.&nbsp;Before a policy is issued, the construction process undergoes rigorous inspections by accredited independent experts.&nbsp;

These inspections ensure that any defects are identified and rectified during construction, not after.&nbsp;This proactive approach means that buyers can be more confident in the quality of their new apartment.

<h2>Increase apartment value</h2>

With LDI, buyers can rest assured that their property is safeguarded against structural defects for a decade after completion. This long-term coverage adds significant value to the property, making it more appealing to future buyers and potentially increasing resale values. Subsequent buyers will benefit from LDI coverage for the remainder of the 10-year policy on their newly purchased apartment.

Latent Defects Insurance is only being offered by Resilience Insurance in Australia. LDI has been a common policy worldwide for over seven decades, with over 40 countries offering LDI to new apartment buildings.

As a buyer, LDI isn't a policy you can take out individually on your apartment. Your new development either has the Resilience Latent Defects Insurance policy or it hasn't. Several of Australia's largest developers, such as Deicorp and Urban Property Group.

Latent Defects Insurance is only being offered by Resilience Insurance in Australia. LDI has been a common policy worldwide for over seven decades, with over 40 countries offering LDI to new apartment buildings

The advantages of first resort, strict liability, Latent Defects Insurance for off the plan property buyers

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer Big Projects brought in the renowned Sydney-based design studio YSG to craft the interiors for The Frederick, Big Projects' new Mermaid Beach project and YSG's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for Big Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of Big Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Architecture, with landscape design by LDG.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its design flair/ appeal,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. Big Projects is targeting a late 2027 completion.

[smartcode_project_cta:default project_id=110588]

Big Projects taps Sydney’s YSG for first multi-residential project at The Frederick Mermaid Beach

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

[smartcode_project:default project_id=150128 project_image_fid=366285]

The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

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Construction to commence at luxury Glen Iris townhome project, Orchard Mews

A rare new apartment development has been proposed on the fringe of St Ives Village.

Developer Newquest Property has lodged plans for a low-rise apartment project designed by well-regarded architecture firm Warren &amp; Mahoney, which is best known for its work in the multi-residential sector in Melbourne.

The building, proposed for a 1,916 sqm site on <a href="https://www.apartments.com.au/new-apartments/st-ives-residences-3-5-memorial-avenue-nsw-2075">Memorial Avenue</a> opposite St Ives Village Green, has been designed to blend into the surrounding natural environment.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="5c1c7437-2fba-4345-a6d7-05321714ad3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.28.46%E2%80%AFPM.png?VersionId=KrYyMaJvNqR7vbx0xbB3Ef8sJ6FuHpmn" />

“Drawing inspiration from the pale trunks and flowering canopies of the scribbly gums and blue gums prevalent in the area, a considered material palette was developed,” the architectural design report states.

“This palette references the established materiality of the suburb while elevating it through refined finishes to achieve a more luxurious architectural expression.”

Of the 33 apartments proposed, 21 will be three-bedroom residences. The remaining mix includes nine two-bedroom apartments, one one-bedroom apartment and two four-bedroom residences. The development will be supported by 62 car parking spaces and 33 secure bicycle spaces.

The proposal would replace two single-storey brick buildings currently on the site.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="21422eaf-09a9-4439-9278-b9bd9daf22a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.38.10%E2%80%AFPM.png?VersionId=v.fXSgcUcEscvOZzqcjG5nk3gVqk_Amt" />

St Ives remains a relatively untapped market for new apartment development. North Shore developer WINIM has a number of projects in the area, while INCA is nearing completion of Ellis Residences.

More recently, Traders In Purple has lodged plans for one of the denser projects proposed in the suburb, a 75-apartment development on a 5,900 sqm site on Cowan Road.

NewQuest, a construction, design and development firm, has delivered over 24 projects across commercial, residential, industrial, and lad markets.&nbsp;

&nbsp;

&nbsp;

First look: NewQuest Property proposes new St Ives apartment development

<a href="https://www.apartments.com.au/developers/centa-property-group">Centa Property Group</a> has achieved two major milestones at its <a href="https://www.apartments.com.au/new-apartments/bilinga-house-107-golden-four-drive-bilinga-qld-4225">Bilinga House</a> apartment development in the sought-after southern Gold Coast.

They've almost sold 50 per cent of the Golden Four Drive building, while at the same time announcing the commencement of construction through reputable builder Greyburn Construction.

The boutique 10-storey building, with 47 two- and three-bedroom apartments, now has a mid-to-late 2028 completion date.

[smartcode_project:default project_id=150037 project_image_fid=5333]

The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed project is positioned just 200 metres from Bilinga Beach and brings a relatively rare apartment offering to a market that has seen limited new supply in recent years.

Residences have been designed to maximise natural light and ventilation, with open-plan interiors, generous glazing, and material palettes that reflect the surrounding coastal landscape.

Interiors incorporate engineered timber flooring, stone benchtops, and custom joinery, with layouts designed to adapt to both permanent living and lock-and-leave use.

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Rothelowman Senior Project Leader Matthew Tencate said the design approach centres on liveability and community.

“Providing curated on-site amenities and communal spaces for residents that facilitate a sense of community, liveability, and wellness,” Tencate said.

Residents will have access to a suite of private amenities including a pool, gym, sauna, and communal alfresco areas, alongside practical features such as surfboard storage and bicycle facilities.

[smartcode_project:default project_id=150037 project_image_fid=5336]

Centa Property Group Director Jason Yuen said the project has been designed to appeal to a range of buyers seeking flexibility in how they use their property.

“Bilinga House is designed for those who want the best of both worlds – a modern beachside escape with the flexibility to generate income when you're not there,” Yuen said.

[smartcode_project:default project_id=150037 project_image_fid=5338]

Bilinga remains one of the quieter pockets of the Gold Coast, sitting between the more established hubs of Coolangatta and Palm Beach. Its appeal has strengthened in recent years, supported by proximity to the Gold Coast Airport and the Oceanway coastal path.

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Joel Robinson

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