Apartment developer Mosaic is onto its fifth tower in as many years in the booming <a href="/developments/broadbeach-qld-4218">Broadbeach</a>.

<a href="/developers/mosaic-property-group">Mosaic</a>, currently delivering sister towers <a href="/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach">Lily by Mosaic</a> and <a href="/buildings/marella-146-surf-parade-broadbeach">Marella&nbsp;by Mosaic</a> after previously completing Bela and Dawn nearby, has filed plans for 59 apartments at 22 Mary Avenue, next door to the <a href="/news/qld/first-look-exclusive-abedian-family-reveals-broadbeach-apartment-plans">new 47-level tower</a> planned by <a href="/developers/abedian-co">Abedian &amp; Co</a>.

Mosaic had Melbourne-based architecture firm Fraser&nbsp;&amp; Partners create the scheme for the 38-level building.

Read more:&nbsp;<a href="/news/qld/why-its-all-about-broadbeach-still">Why it's all about Broadbeach...still</a>

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="e2d40a8f-82df-41c1-b5a4-b0a04d9b888b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.48.15%E2%80%AFAM.png?VersionId=rTs_2wgHT9K8fgNCwiSRnVwcbN_EmliH" />

Elenberg Fraser, who designed the soon-to-be-completed Mondrian in <a href="/developments/burleigh-heads-qld-4220">Burleigh Heads</a> but whose majority of work has been in the Victorian capital, cited the famous quote from German-American architect Ludwig Mies van der Rohe in its design statement submitted to the <a href="/developments/gold-coast-qld">Gold Coast</a> City Council this week

“A statement of minimalist design, stripping away the unnecessary to reveal the essence of structure and space.”

The three-level podium will be occupied by car parking, while the fourth and fifth levels are dedicated to amenities like a swimming pool and pool deck, a gym, and a wellness area with a sauna, steam room, cold plunge, magnesium plunge, and a spa, and a library lounge,&nbsp;boardroom, and an office.

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="c763d494-965a-405e-87f4-d42f754644b1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.58.35%E2%80%AFAM.png?VersionId=PQ9P._RpPigg_3n5QJmdMWKBx5YJ.AWp" />

There will be just two apartments per floor from level six to level 33, one with three bedrooms and 166 sqm of internal living space and the other with three bedrooms and an MPR with just under 200 sqm of internal space. They each have an 18 sqm balcony, oriented east to face the ocean.

The top three levels will home three full-floor penthouses, each with four bedrooms, a home office, and several entertaining areas. They will have 365 sqm of living space.

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="9ed2edcb-21bd-4317-81fa-7a6e3bbb82a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.48.09%E2%80%AFAM.png?VersionId=L0AMa0ieEeytY0jIVVFnoqs_0jXLBHcG" />

GV Property Group's Luke Reaby put the site together, securing around a 40 per cent uplift on values for the eight individual owners in the late 1960s building.

The 1,014 sqm site has a 33-metre frontage to Mary Avenue, a popular street for both developers and buyers due to its proximity to Broadbeach State School, which ensures protected views of the beach and ocean.

Mary Avenue has been a popular street for new apartment developers and buyers due to its protected views of the ocean

Joel Robinson

First look exclusive: Mosaic file plans for fifth Broadbeach apartment development

A new tower has been pitched in Surfers Paradise, offering some of the largest apartments Surfers Paradise has ever seen.

The Sydney-based YHY Group has sought to develop a 33-level building with 74 dwellings across an amalgamated triple site incorporating 56, 58 and 60 Sunset Boulevard on the Nerang River.

Mode Design Corp submitted the architectural plans, stating the tower will redefine luxury on the <a href="/developments/gold-coast-qld">Gold Coast</a>&nbsp;and will&nbsp;"craft an exclusive sanctuary where glamour, privacy, and nature converge seamlessly."

"Designed as an elevated haven on the Gold Coast, the tower draws inspiration from the natural elements—sky, water, greenery, and stone—and offers residents a harmonious blend of high-end design and biophilic appeal."

"Sculptural facades and curving forms create a visually captivating tower, accentuated by layered glass balustrades, balconies and feature glazing that gracefully wrap around the structure, capturing light while shielding from direct sun, ensuring comfortable interiors with uninterrupted vistas."

<img alt="YHY" data-entity-type="file" data-entity-uuid="ae723e1d-bd9b-4ae6-9903-1b0eae99ff75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-12%20at%201.13.04%E2%80%AFPM.png?VersionId=_7NCwn5MdgDszkk6Soy4cATEb.PWxSaw" />

Pitched is a single, three-level villa on the ground floor with six bedrooms and a pool, beneath a full-floor apartment with six bedrooms.

The building is split in two, with 16 three-bedroom, half-floor apartments, with a minimum of 345 sqm of internal space, running up to the two levels of amenities.

The ninth level will feature a kids play area with an adjoining creche, a lap pool that runs along the edge of the building, a recovery space with a sauna and steam room, a yoga room, a gym, golf simulator, and a wellness spa with a treatment room and a massage room.

Above is another swimming pool, this one with&nbsp;an integrated pool bar and spa which has been oriented to offer gun-barrel views to the Surfers skyline. On the same level is a lounge, a bookable lounge with a kitchen, and a business centre.

Above will be three units per floor, three, four and five-bed apartments until level 33, where the two-level north and south penthouses start. They will have six and five bedrooms each, as well as an MPR room, a sauna, and their own private pools.

<img alt="YHY" data-entity-type="file" data-entity-uuid="42a8c0bd-d2a2-4328-af10-e0cec3845614" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-12%20at%201.13.49%E2%80%AFPM.png?VersionId=lSOxEWM2ZTC8aiM2j5VvpPp.d5S7gPlT" />

The "Ultra Penthouse" is one of the largest ever pitched on the Gold Coast at 1,449 sqm of internal living space.

The ground level is set to feature&nbsp;a grand entry lobby, a cigar room, a cellar, library, study, bar and multiple entertaining areas.

There are five bedrooms spread across the five levels, as well as two staff quarters. The top level is dedicated just to a master suite, with a sauna, a gym, and a spa on the balcony. Including external space, the penthouse totals 2,239 sqm.

"This oasis in the sky exemplifies opulent high-end luxury living, where architecture and environment unite to create an extraordinary, luxurious lifestyle along the Gold Coast," Mode added.

The penthouse is larger than the one atop <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>, currently under construction on <a href="/developments/chevron-island-qld-4217">Chevron Island</a>.

The penthouse, which is set to be retained by Elias Jreissati, the chairman of Chevron One developer <a href="/developers/bensons-property-group">Bensons Property Group</a>, measures over 1,700 sqm in total&nbsp;– 946 sqm internal and a further 774 sqm under roof of external space.

The new development is a few doors down from Sunset Residences, the more boutique 43-apartment development soon to launch by Roy Skaf's Macquarie York at <a href="/new-apartments/sunset-residence-50-sunset-boulevarde-surfers-paradise">50 Sunset Boulevard</a>.

First look: The Gold Coast's largest penthouse pitched for new Surfers Paradise tower

Melbourne developer Samuel Property Group is set to launch Hali Dromana, a rare $120 million townhouse community on the Mornington Peninsula.

Hali Dromana, with 69 bespoke townhomes starting from $1,495,000, is set to transform Dromana’s beachfront at&nbsp;105-111 Point Nepean Road, a near two-hectare site that was previously the former Kangerong Holiday Park and an unused Caltex service station.

<a href="/developers/samuel-property">Samuel</a> Managing Director, Illan Samuel, says&nbsp;<a href="/new-townhouses/hali-dromana-105-111-point-nepean-road-dromana-vic-3936">Hali Dromana</a> is a homage to the beloved 1960s holiday home where Australian summers were defined.

"Hali will give&nbsp;<a href="/developments/dromana-vic-3936">Dromana</a> a fresh identity that will stand the test of time," Samuel says.

&nbsp;

The architectural vision by renowned firm <a href="/architects/cera-stribley-architects">Cera Stribley</a>,&nbsp;combines retro inspiration with a laid-back, contemporary feel.&nbsp;

“Our design for Hali is a tribute to simpler times, with an emphasis on airy, open spaces and natural materials, yet with a level of sophistication that today’s buyer expects,” Dom Cerantonio of Cera Stribley says.&nbsp;

[smartcode_project:default project_id=147112 project_image_fid=330356]

<a href="/project-marketer/blair-property">Blair Property Group</a> Director Darren Blair, who is handling the sales of Hali, says the development brings back that sense of belonging and community you’d find in beachside neighborhoods of the past.&nbsp;

"With the display opening on Pier Street this December, we’re giving buyers a chance to experience firsthand what it’s like to live in a home that embodies both nostalgia and innovation.”&nbsp;

Blair is expecting interest from the local area in particular.

[smartcode_project:default project_id=147112 project_image_fid=330376]

Hali Dromana comprises 69 three and four-bedroom townhouses, a low-maintenance, lock-and-leave opportunity rarely seen in the Mornington Peninsula market.

Samuel Property Group is well-known for delivering quality apartments across some of Melbourne's best suburbs. They're currently delivering Louise, just off St Kilda Rd, which is over 80 per cent sold and is under construction.

“At Samuel Property, we pride ourselves on crafting homes that stand the test of time,” Illan says.

“With Hali, we’re bringing the same level of attention to detail and quality that has earned us our reputation for excellence.”

[smartcode_project_cta:default project_id=147112]

The architectural vision for Hali Dromana, by renowned firm Cera Stribley, combines retro inspiration with a laid-back, contemporary feel

Samuel Property reveals $120 million Mornington Peninsula townhouse development, Hali Dromana

In the new development space, the smallest detail can impact whether a buyer goes with your development, or someone elses.

Milton Young, a Gold Coast local and a director at national scaffolding supplier BuildSafe, had been looking for his next home, nearer the coast, having sold the family home in Clear Island Waters earlier this year.

He'd narrowed his search to the sought-after southern pocket of the Gold Coast, near the surf and the growing hospitality scene.

"We were fairly late to the party on discovering the southern end of the Gold Coast," Milton said.&nbsp;

"You're so protected from the winds of the Gold Coast, which makes beachfront living more attractive than some of the more northern suburbs."

Young was open to both the established and off the plan apartment market, but nothing he'd seen had felt quite right.

Having looked around Kirra, where almost every apartment had either a road or a park, or both, separating it from the beach, Milton opened the search north to Tugun and <a href="/developments/bilinga-qld-4225">Bilinga</a>.

While there are several boutique buildings under construction on Golden Four Drive, one of just two true beachfront streets in Bilinga, <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> by&nbsp;<a href="/developers/siera">SIERA</a>&nbsp;stood out in particular, initially for the most unlikeliest of&nbsp;reasons.

[smartcode_project:default project_id=138311 project_image_fid=264301]

"It was one of the cleanest building sites I'd seen," Milton said, adding that while it's not the be-all and end-all, what it told him was that both the developer and the builder were taking great care in every facet of the new development, and that would no doubt extend to the apartments.

"Something&nbsp;was happening there every day," Milton recalled.

"When you're dealing with buying off the plan, you have very little to physically take in, so anything you can see for yourself, is very important in the decision-making process. It gave me a high level of confidence."

[smartcode_project:default project_id=138311 project_image_fid=264303]

Milton visited the display and was particularly impressed with the size of the apartments on offer, as well as the price, compared to some other developments, and the density of the building.

"The price per sqm rate is as good as you can get on the southern Gold Coast," Milton said.

"It can get to $30k plus in Kirra, Palm Beach or Burleigh. Pipis is closer to $14,000 per square metre. I couldn't look past that value proposition."

[smartcode_project:default project_id=138311 project_image_fid=264302]

There will be just 19 apartments in Pipis, which was also a drawcard for Milton.

"With less than 20 apartments, you're not going to be&nbsp;constantly sharing a lift, or sharing the pool. I love the small details, like the lift opening right into your apartment."

Another bonus was that one of Milton's friends was doing the landscaping for Pipis, and spoke highly of both the developer and builder. They were also putting in extensive greenery in the building, more than competing projects on the beachfront.

[smartcode_project:default project_id=138311 project_image_fid=264308]

On buying off the plan for the first time, Milton said paperwork, for any property transaction but particularly off the plan, can be daunting.

"Brad from Siera connected us with the solicitors handling the project, and everything went smoothly. We didn’t have to search for a new solicitor or worry about the paperwork. It was all taken care of as part of the buying process, which gave us confidence that we had chosen the right team."

Milton did his due diligence on Siera, who is part of the team, and what they'd delivered before, before purchasing a three-bedroom, half-floor apartment at Pipis.

Pipis, currently under construction through regarded builder LPS Group, is slated for completion in early 2025.

Milton took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind&nbsp;<a href="https://expert-insights/buying/the-top-eight-considerations-when-buying-off-the-plan" target="">buying off the plan</a>&nbsp;property in Australia

[smartcode_project_cta:default project_id=138311]

While there are several boutique buildings under construction on Golden Four Drive, one of just two true beachfront streets in Bilinga, Pipis by Siera stood out in particular, initially for the most unlikeliest of reasons.

Why density and delivery matters to downsizers on the Gold Coast: Urban Buyer Q&A

Sunkin Property Group has officially topped out Park House, the first building in&nbsp;<a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>, Victoria’s first Net Zero Community.

Project partners were invited to <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>, a soon-to-be 9.3-hectare neighbourhood featuring landscaped parks, dedicated nature reserves, and a range of amenities. Some facilities will be exclusive to Highett Common residents, while others—like the new two-level public library, part of the Bayside Community Facility—will be open to the wider Highett community.

Park House is Highett Common’s first building to reach height completion, within a precinct that will be home to over 1,000 residences once completed.

The topping out event is a centuries-old tradition with roots in Scandinavia. The practice stems from symbolic ceremonies of respecting the land that has been disturbed throughout the construction process. It is believed the practice will bring good fortune and prosperity to the future site and its residents.

The celebration also presented an opportunity to acknowledge the work and dedication put forth by the project team to reach this level of construction.

<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/WbTHUNpFRcM?si=kI2tdL3tYmDeJsP_" title="YouTube video player" width="560"></iframe>

Highett Common is being brought to life by some of the most well-renowned leaders in the industry. <a href="/landscape-architect/tract-landscape-architects">Tract Landscape Architects</a> has been engaged as lead consultant to highlight the importance placed on integrating the development with its natural surroundings.

Working alongside them, the expert design team at <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke Architects</a> has designed indoor and outdoor spaces that pay homage to this naturalised focus. With these designs in hand, SK Construction is leading the charge in the current construction phase, ensuring that Highett Common will be delivered within expected timelines and to a high quality.

Other partners helping to bring the spaces to life include furniture partner, Coco Republic, and project manager, Gallagher Jeffs, who are playing important roles in the new phase.

[smartcode_project:default project_id=108019 project_image_fid=300063]

Sunkin has appointed&nbsp;Delta Group as the head contractor for Highett Common’s next phase, tasked with creating the very first open greenspaces and parklands. Landscape designers at Tract Consultants have curated a vision and masterplan that seamlessly integrates this parkland into the existing natural site, which the team at Delta will now help to realise.

Located on approximately 0.9-hectares, this first stage will see the public open spaces and community park adjacent to the Park House and North Lane brought to life. These spaces will be home to open grassy lawns, as well as nature-inspired playgrounds and ensure that Highett Common’s first residents will have access to community amenities from their move-in day.

[smartcode_project:default project_id=108019 project_image_fid=300077]

Activity and works are underway on-site with practical completion expected by May 2025. This will be followed by a council handover process in time for the move-in of the first Highett Common residents in 2025.

The Park House, over 85 per cent sold, will comprise&nbsp;one, two, and three-bedroom residences.

Future residents will benefit from Highett Common's state-of-the-art amenities, including indoor and outdoor pools, two gyms, wellness hubs, and a public library.

[smartcode_project:default project_id=108019 project_image_fid=300054]

<a href="/developers/sunkin-property-group">Sunkin</a>&nbsp;recently launched the newest stage at Highett Common, <a href="/news/vic/sunkin-reveal-the-mews-collection-highett-commons-latest-release">The Mews Collection</a>, 185 apartments across the next three buildings.

Part of the release is the first opportunity to buy the most high-end apartments in the precinct. The Luxury Collection will comprise 12 luxury apartments designed for owner-occupiers and downsizers.&nbsp;

Located near Highett Station and just a short distance from local shopping centres and Sandringham Beach, Highett Common aims to blend modern living with natural surroundings in a prime location well-connected to Bayside and the rest of Melbourne.

[smartcode_project_cta:default project_id=108019]

Located near Highett Station and just a short distance from local shopping centres and Sandringham Beach, Highett Common aims to blend modern living with natural surroundings in a prime location well-connected to Bayside and the rest of Melbourne

Sunkin tops out first stage of Highett Common neighbourhood

Burgeoning Sydney developer Aqualand has recently launched its latest venture, Aqualand Prestige, which is offering wholesale investors, institutional funds and private investors, the opportunity to invest in its luxury project portfolio.

Aqualand Prestige will leverage the expertise and resources of Aqualand Group’s established divisions, including its development arm - Aqualand Projects, construction arm - Aqualand Construction, project sales and marketing arm, and investment arm - AL Capital, to create value for investors through the delivery of its own portfolio of medium-scale, high-end boutique projects.

The investment funds raised will be directed into AL Capital’s newly established management fund, which is tailored specifically for wholesale investors.

Aqualand Prestige’s future project portfolio already includes three key sites, 51–55 Archer Street, Chatswood, 2-4 Larkin Street in Roseville and 1-5 Pockley Avenue in Roseville, the sales of which have recently exchanged.

Preliminary plans for the Chatwood site include a 35-level, mixed-use, 117-metre-high residential tower with 24 whole-floor apartments, with an estimated gross realisation value of $270 million. A design competition for this project is expected to be announced early next year.

The two Roseville sites are earmarked for a medium-density apartment development, with a combined gross floor area close to 33,000sqm.

All three projects, along with future developments in the Aqualand Prestige pipeline, will be executed by Aqualand Group’s in-house divisions.

Jin Lin, Managing Director, <a href="/developers/aqualand-australia">Aqualand</a> Group, said the launch of Aqualand Prestige perfectly coincides with Aqualand’s tenth anniversary this year.

Read more:&nbsp;<a href="/news/nsw/aqualand-offer-up-10-million-of-offers-for-apartment-buyers-at-aura-by-aqualand-in-north-sydney">Aqualand offer up $10 million of offers for apartment buyers at AURA by Aqualand in North Sydney</a>

“I see the launch of Aqualand Prestige as the culmination of Aqualand’s decade of growth," Jin Lin said.

"During the delivery of our five completed projects, which include the urban renewal of a significant heritage-listed building, The REVY, and a tired commercial tower, BLUE at Lavender Bay, to the recent completion of our $1 billion 28-storey mixed-use North Sydney tower, <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>, we’ve gained invaluable experience on the way. Not to mention during the current planning phases of our two North Sydney build-to-rent towers, and of course the state-significant Central Barangaroo project.

“Aqualand Prestige will offer the exciting opportunity for investors to leverage the considerable expertise our teams have garnered during the delivery of these landmark projects, but in a dedicated new pipeline of more boutique-scale luxury residential buildings.

“Being slightly smaller in scale, the development process of these projects, from initial planning and approvals to construction completion and sales settlements, should be a significantly faster process, thereby providing investor returns sooner.&nbsp;

“We’ve quickly become renowned for our architectural merit, and commitment to quality and innovation. With Aqualand Prestige, we’ll continue to provide luxury residences that elevate the lifestyle of our clients in every way. Our focus remains unchanged; however, this new arm allows investors to benefit from this commitment too."

[smartcode_project:default project_id=30959 project_image_fid=311632] 
&nbsp; 
Wayne Xiong, Executive Director, Aqualand Prestige said his vision for the division is to deliver market leading returns for investors through the delivery of medium-density projects that redefine suburban living.&nbsp;

“Aqualand Group’s venture into this new business model wouldn’t be feasible without our strong track record of delivering market-leading projects that have delivered premium lifestyles for our clients, while transforming their entire precincts for the benefit of the broader community.

“We’re sure that savvy investors will see the value of this unique opportunity to invest in our expertise. It’s an exciting time for us, as Aqualand Prestige marks the group’s next chapter in our significant growth over the past decade,” added Wayne.&nbsp;

Interested potential parties are invited to contact Wayne Xiong on enquire@aqualandprestige.com.au for investor information.

In the new year, Aqualand Prestige plans to host a number of small investor events, where the company will introduce project plans and the vision for Aqualand Prestige.

[smartcode_project_cta:default project_id=30959]

Jin Lin, Managing Director, Aqualand Group, said the launch of Aqualand Prestige perfectly coincides with Aqualand’s tenth anniversary this year.

Aqualand invites wholesale investment in its new venture, Aqualand Prestige

Gateway suburbs have often provided home buyers with a more affordable entry to some of the more premium suburbs in Australia.

The Eastern Suburbs in Sydney is one of the most exclusive regions of real estate in the country and often dominates sales prices both nationally and even on the world stage, with the likes of Bondi Beach and Point Piper seeing prices on par with New York and Tokyo.

The aspirational suburbs in the east located on the water, whether that be the harbour or the ocean, are closed off to most prospective buyers, however there are pockets for those to live in the Eastern Suburbs without the inflated price tag. These suburbs tend to be known as gateway suburbs, those that have all of the lifestyle benefits of being in one of the premium suburbs but are significantly more affordable.

A suburb growing in popularity as a gateway suburb is Eastlakes, a 10-minute drive from the beaches at <a href="/developments/coogee-nsw-2034">Coogee</a> and Maroubra, but close enough to the inner-city for the growing cafe culture scene in <a href="/developments/rosebery-nsw-2018">Rosebery</a> and <a href="/developments/alexandria-nsw-2015">Alexandria</a>.

Eastlakes boomed in the 1960s, when it was officially designated as its own suburb having previously been part of the Botany Bay area. Significant development ensued, with buyers quick to jump on its ideal location between the beach, the city, and the airport.

What has been missing in the suburb is a push for new apartment living. The majority of apartments in <a href="/developments/eastlakes-nsw-2018">Eastlakes</a> date back decades, in low-rise buildings with no facilities and outdated floorplans.

It's this which makes <a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Eastlakes</a>, the final development by <a href="/developers/crown-group">Crown Group</a> before they were placed into provisional liquidation after a shareholder dispute, all the more rare.

[smartcode_project:default project_id=7652 project_image_fid=262590]

Crown Group completed The Grand Eastlakes in 2022, but kept a significant portion of the 133 apartments that were developed. Those apartments, which have not previously been available to purchase before, have recently been released to the market.

The one, two and three-bedroom apartments have proven popular with everyone from first home buyers to downsizers, as well as investors who are well aware of the value proposition on offer.

[smartcode_project:default project_id=7652 project_image_fid=262588]

McGrath Projects Director, Adam Sparkes, says the opportunity to buy an apartment of this calibre in Eastlakes, and at this price point, isn't likely to come around again.

"Any future apartment development in Eastlakes will have to command higher prices due to the drastic increase in construction costs in recent years," Sparkes says.

"The<a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes"> Grand Residences</a> really does represent great buying in the Eastern Suburbs."

[smartcode_project:default project_id=7652 project_image_fid=262600]

The most recent sales have seen a price per square metre at around $12,000, a rarity in the new apartment market in the Eastern Suburbs.

The Grand Residences, located above The Grand Shopping Centre that is home to 16 retailers including a full-line Woolworths, also features a 25-metre heated swimming pool, a gym, and a resident rooftop space with a TV, alfresco dining and lounge areas, and a built-in barbecue with 270-degree views back to the Sydney CBD.

[smartcode_project_cta:default project_id=7652]

McGrath Projects Director, Adam Sparkes, says the opportunity to buy an apartment of this calibre in Eastlakes, and at this price point, isn't likely to come around again

How The Grand Residences in Eastlakes offers the Eastern Suburbs lifestyle without the pricetag

While Melbourne has seen a generational shift of new apartment towers in the last decade, the high-density sprawl is yet to reach Geelong.

Geelong, the harbourside city that has grown significantly due to millions of dollars worth of private and public investment, has only seen a handful of new apartment developments come to life in recent years.

Given the lack of new developments across the city, what has been even more rare has been the availability of new penthouses. That’s what makes the four penthouses atop <a href="/new-apartments/motif-geelong-1-york-street-geelong-vic-3220">Motif</a> Geelong, currently being developed by <a href="/developers/dm-property-icon-kajima">DM Property and Icon Kajima</a>, a golden opportunity for those looking to downsize on the edge of the burgeoning city.

Just four apartments sit on the penthouse level, and offer the ideal lockup and leave lifestyle which has proven scarce in the Geelong region for many years.

The timing of the release is set to benefit downsizers, given the VIC Government's move in October to <a href="/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">scrap stamp duty in the new apartment space for 12 months</a>, a move that is likely to encourage downsizers in particular out of their family homes and into a new, large apartment, without the expensive duty transfer they would have previously paid.

[smartcode_project:default project_id=136615 project_image_fid=311693]

The penthouses, three three-bedroom apartments and sole two-bedroom apartment, offer the best views from the sixth and highest level of the boutique York Street building designed by <a href="/architects/rothelowman">Rothelowman</a>.

Each penthouse, with upgraded Fisher &amp; Paykel integrated appliances, offers expansive views of the Geelong CBD as well as water views of the bay. They have been oriented so the open plan kitchen, living and dining room meets the balcony that captures the extensive views.

[smartcode_project:default project_id=136615 project_image_fid=311694]

Stuart Marsland, Principal of Rothelowman, said the site for Motif has the advantage of not just being on the edge of the city, but also the edge of the bay.

"Our vision was to provide high-quality spaces for living and working that take advantage of views in all directions," Marsland said.

An internal light well in the building invites additional daylight, while the&nbsp;ground floor features a communal, plaza-like area landscaped by ACRE, as well as a shared rooftop terrace.

[smartcode_project:default project_id=136615 project_image_fid=241455]

More than 60 per cent of the 129 apartments have been snapped up since the development launch back in September last year. In a sign of tight supply in Geelong, there has only been one other development launch in the last 12 months.

The development has proven popular with local first home buyers, investors, both those from Melbourne and Sydney, as well as local downsizers.

Located at 1 York Street, just outside the CBD, the project is on the doorstep of Pakington Street’s bustling café and dining scene, the Little Malop Street cultural precinct home to the Geelong Library and Heritage Centre, and close to waterfront attractions.

[smartcode_project:default project_id=136615 project_image_fid=295056]

Motif is the first apartment development on the Bellarine Peninsula to be built by regarded construction firm&nbsp;<a href="/builders/hamilton-marino">Hamilton Marino</a>, strengthening confidence in buyers the building will be completed to a high standard. There's also the expertise from Icon Developments, owned by the publicly listed Kajima Corporation, one of the world’s largest property and construction companies.

DM Property, founded by Brendan Mullan and David Dordevic, kicked off their development journey with the successful Sandringham townhouse development, Early 3191, which will be ready for occupancy early next year.

They have a new townhouse project coming up early next year in Brighton.

Construction of Motif is well underway, with completion slated for late 2025. RPM Group is handling the project sales.

[smartcode_project_cta:default project_id=136615]

Downsizers set to swoop on new penthouses at Motif Geelong

Renowned local Newcastle builder-developer, GWH, is continuing to transform the city skyline.

<a href="/developers/gwh">GWH</a>, approaching their 30th year anniversary of delivering quality buildings to the Newcastle region, has launched <a href="/new-apartments/era-newcastle-124-126-bull-street-newcastle-west-nsw-2302">ERA Newcastle</a>, two apartment towers just a few streets back from the Hunter River, its harbourside hospitality precinct, and the heart of the burgeoning city.

[smartcode_project:default project_id=135096 project_image_fid=309966]

ERA Newcastle will comprise 281 one, two and three-bedroom apartments that will cater to different buyer groups, from first home buyers and investors from Sydney to local downsizers who want a low maintenance, city-centric lifestyle while also being ideally located just a few kilometres from Newcastle’s famous beaches.

In a major coup for <a href="/developments/newcastle-west-nsw-2302">Newcastle</a> and its residents, GWH had respected architecture firm FK Australia design the two towers, the first buildings in Newcastle designed by the studio who has produced a string of award-winning developments across Melbourne, including Australia’s tallest residential tower, Australia 108.

[smartcode_project:default project_id=135096 project_image_fid=309969]

FK Australia has designed the building so the living spaces are wrapped in floor-to-ceiling glass windows, windows that almost replace walls. They wanted to to maximise views and also let in as much natural light as possible.&nbsp;

Much like GWH’s past developments, there was a conscious effort to offer significant resident amenity. They have over 2,000 sqm of communal space across the two buildings, connected by a podium which will feature a large outdoor pool, gym, fitness studio, and sauna, as well as several barbecue and dining areas.

[smartcode_project:default project_id=135096 project_image_fid=309980]

There will be a rooftop skygarden atop each tower, capturing uninterrupted views of the ocean, harbour, and city.

GWH is expecting to put shovel in the ground on the large 6,500 sqm Bull Street site in the coming months, and anticipates a completion toward the end of 2027.

<h2>About the developer</h2>

GWH was founded in 1995 by Grahame Chevalley and Hilton Grugeon and predominantly focused their efforts in the commercial and industrial development before moving into residential development in 2017. Since then they’ve delivered over 600 new homes to the Newcastle region, won several Master Builders Awards, and recently secured its iCIRT rating for a second consecutive year.&nbsp;

GWH is one of few development companies across New South Wales who has its own construction arm, a huge advantage in the off the plan apartment market. It allows them to manage the whole process of the development and guarantee its build quality.&nbsp;

The GWH team is currently delivering <a href="/new-apartments/one-apartments-newcastle-west-1-national-park-street-newcastle-west">ONE Apartments</a>, just 650 metres from ERA Newcastle. They’ll be completing that two-tower development late next year.&nbsp;&nbsp;

Previously GWH has completed Sky Residences, a trio of interconnected buildings literally 100m from the front door of ERA. That won the 2023 Excellence in Building Award from Master Builders Australia.

[smartcode_project_cta:default project_id=135096]

GWH is expecting to put shovel in the ground on the large 6,500 sqm Bull Street site in the coming months, and anticipates a completion toward the end of 2027.

GWH launches ERA Newcastle apartment development

Leading Australian property developer <a href="/developers/toga-group">TOGA</a> has officially broken ground on its latest mixed-use residential development, Macquarie Rise, in Macquarie Park.

Macquarie Rise comprises three residential towers with 268 one, two, three and four-bedroom apartments. The towers, ranging in size between 12 to 14 levels, rise above a two-level podium with commercial office, retail spaces, and residential lobby areas.

Designed by the award-winning <a href="/architects/turner-studio">Turner Studio</a> and with interiors by hotel specialist Stack Studio, the project intends to deliver a hotel-inspired lifestyle in one of Sydney’s most well-connected urban hotspots. &nbsp;Many apartments include a versatile multi-purpose room – an increasingly popular feature as residents seek flexible spaces to accommodate home offices, studios, or nurseries.&nbsp;

[smartcode_project:default project_id=89243 project_image_fid=242696]

Construction commencement follows a highly successful sales launch, with over 100 apartments already sold off the plan. The strong demand reflects a growing trend among buyers seeking a balance of lifestyle, connectivity, and quality in one of Sydney’s key growth corridors.&nbsp;

Allan Vidor AM, Managing Director of TOGA, said the early sales success of Macquarie Rise demonstrates the growing appetite for flexible, high-quality apartment living in Sydney’s wider city centres.

"Buyers from all over Sydney are increasingly drawn to areas like <a href="/developments/macquarie-park-nsw-2113">Macquarie Park</a>, which offer a perfect blend &nbsp;of city living and residential tranquillity.”&nbsp;

Residents at <a href="/new-apartments/macquarie-rise-122-herring-road-macquarie-park">Macquarie Rise</a> will have access to Club Rise, an exclusive club lounge with work and study areas, a 20-metre lap pool, a Pilates studio, a gym, and a cinema room, all thoughtfully integrated into the development to promote a balanced lifestyle.&nbsp;

[smartcode_project:default project_id=89243 project_image_fid=242699]

Hsiu-Ying Hsu Su, who recently purchased her third apartment in a TOGA development, said Macquarie Rise was an easy choice from both an investor and future resident standpoint.

“Having already lived in two TOGA developments, I’ve always been impressed by their commitment to quality, exceptional customer service, and attention to detail.

"I’ve recommended TOGA to several friends because I believe in the long-term investment value and lifestyle they deliver. &nbsp;I’m excited to see this vibrant area grow and can’t wait to move into my new home.”&nbsp;

Strategically positioned just 500 metres from Macquarie University, Macquarie Centre shopping centre, and the Macquarie University Metro Station, the development offers unparalleled and direct connectivity to Sydney’s CBD and Barangaroo. &nbsp;

[smartcode_project:default project_id=89243 project_image_fid=242699]

TOGA’s in-house construction group is kicking off construction on Macquarie Rise, ensuring seamless delivery across all stages of the project while maintaining the highest standards of quality. &nbsp;

With almost 1,000 apartments already built in Macquarie Park through developments like One Twenty Macquarie, Macquarie Central, and Macquarie Green, TOGA brings its unique local expertise and has played a pivotal role in transforming the area into one of Sydney’s most desirable residential and investment precincts.

Located at 122 Herring Road, Macquarie Park, the development is being delivered in partnership with Baptist Union NSW and Morling College. The project value exceeds $400 million.

Construction is scheduled for completion in 2027.

[smartcode_project_cta:default project_id=89243]

Macquarie Rise comprises three distinct residential mixed-use buildings, delivering 268 premium apartments

Construction commences at Macquarie Rise – TOGA’s newest Macquarie Park precinct

For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

Joel Robinson

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