The word sterling has many connotations. It is often used when something is of top quality, prestige, and timelessness.

It is sterling that inspired the newest development in Lane Cove, in Sydney's booming Lower North Shore region.

Located in the quiet northern end of Lane Cove, <a href="/new-apartments/sterling-lane-cove-north-2-merinda-street-lane-cove-north-nsw-2066">Sterling</a>&nbsp;features 50 one, two, and three-bedroom apartments, catering for a wide variety of buyers and just six apartments per floor.

[smartcode_project:default project_id=136108 project_image_fid=303417]

Ray White Projects Wider Sydney Managing Director, Mark Bernberg, says everything about the project is intrinsically tied to what sterling is all about.

"Everything has been considered to be of sterling quality," Bernberg says.

"The fixtures and finishes are another level up from what has come before in this quiet pocket of Lane Cove, and every apartment, be it for the first home buyer, rightsizer, or downsizer, has the same sterling design approach."

[smartcode_project:default project_id=136108 project_image_fid=303415]

Each kitchen in Sterling is fitted with Miele ovens and cooktops and Fisher &amp; Paykel dishwashers.

Future residents will have access to a rooftop entertaining area with extensive panoramic views, over the leafy surroundings and back to the Sydney CBD.

The location of Sterling is expected to draw those seeking both nature and convenience. It is ideally located on Merinda Street, which will place residents between Stringybark Creek,&nbsp;Lane Cove's only area of endangered Blue Gum High Forest, and the well-connected&nbsp;Mowbray Road West and Epping Road.&nbsp;

It's only two kilometres from The Canopy, the heart of the Lane Cove community that has a plaza with extensive retail and hospitality venues centred around a village green-like lawn that regularly hosts live music acts.

[smartcode_project:default project_id=136108 project_image_fid=303412]

Sterling is being delivered by builder developer Scion Group, who has a strong reputation of delivering quality across Sydney's North Shore.

As part of its commitment to delivering quality, Scion has taken out the <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">10-year Latent Defects Insurance</a> offered by Resilience Insurance. The insurance, often known as LDI covers structural defects of the building for up to 10 years post-completion. Sterling is the only development in Lane Cove to have the insurance.

Scion Group is well advanced in construction of Sterling. The building itself is expected to complete later this year, with the internal fitout seeing residents move in some time in Q1 2025.

[smartcode_project_cta:default project_id=136108]

Joel Robinson

Sterling in name and nature as new apartments hit Lane Cove

It was the combination of research, timing, and growth potential that led Youngki Park to secure his first home in <a href="/developers/deicorp">Deicorp</a>’s Melrose Central, part of the expansive Melrose Park urban renewal project.

Youngki, an architect by trade, had become aware of the opportunity for growth in the area from his friend who had previously bought an apartment in Melrose Park with Sekisui.

"The value of my friend's apartment had gone up since he had bought it off the plan, so that for me opened up the idea of buying an apartment that hadn't been built yet,"&nbsp;Youngki said.

[smartcode_project:default project_id=134220 project_image_fid=289879]

Youngki had seen first hand how much the area had evolved in recent years, and was well aware of the infrastructure developments in <a href="/developments/melrose-park-nsw-2114">Melrose Park</a>.

"There is a lot happening in the area, especially regarding transport, which will connect it to the rest of Sydney," Youngki said.

"Melrose Central will be across the road from the future&nbsp;Parramatta Light Rail which will make commuting into the city easy, and there's a new bridge planned that will connect it [Melrose Park] to Wentworth Point."

[smartcode_project:default project_id=134220 project_image_fid=289878]

Understanding no purchase of a home isn't without its risks, in both the established or off the plan space, Youngki said doing his research on the developer made him feel at ease.

"As an architect, I appreciated the design of&nbsp;<a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>,&nbsp;and after doing my research into Deicorp and the fact they have delivered 100 per cent of projects they've set out to, my mind was made up."

[smartcode_project:default project_id=134220 project_image_fid=289894]

Youngki is renting across the harbour in Rhodes but decided it was the right time to invest in his financial future. He was one of 40 or so buyers who secured apartment on the display suite launch at&nbsp;<a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>.

"I hadn't intended on buying on the opening weekend, however, the sheer number of people, and the clear confidence and intent of those buyers, pushed him over the line."

[smartcode_project:default project_id=134220 project_image_fid=289895]

<a href="/project-marketer/cbre-residential-australia" target="">CBRE</a>&nbsp;Residential Project Managing Director, David Milton, says Melrose Central represents great value for buyers.

"Our two-bedroom, two-bathroom apartments are priced under $1 million. If you go to any of the neighbouring suburbs, you can't get that kind of value," Milton suggests.

Milton says the buyer pool has been diverse, with first home buyers, local owner-occupiers, and even investors purchasing.

Melrose Central, developed by Deicorp and <a href="/developers/payce-consolidated-limited">PAYCE</a>, is a part of the larger 55-hectare Melrose Park precinct, which will eventually deliver 500 apartments over six buildings, alongside a five-level podium housing retail, wellness facilities, and a Coles supermarket.&nbsp;

The first stage of Melrose Central is expected to complete by mid-2027.

Youngki took part in Urban's&nbsp;<a href="/news/buyer-qa">Buyer Q&amp;A series</a>, which focuses on the driving factors behind&nbsp;<a href="/guides/the-ultimate-off-the-plan-guide-5-property-experts-share-advice-for-buying-a-new-apartment-or-townhome" target="">buying off the plan</a>&nbsp;property in Australia.

[smartcode_project_cta:default project_id=134220]

CBRE Residential Project Managing Director, David Milton, says Melrose Central represents great value for buyers

Why a local first home buyer bought an apartment in Deicorp's Melrose Central: Urban Buyer Q&A

Maleela Rise, a Bawlyn apartment development that counts billionaire James Packer as one of its interested parties, has been approved.

Packer's name features in a long list of company directorships that tie him to a <a href="/new-apartments/maleela-rise-balwyn-23-maleela-street-balwyn">new $32 million apartment development</a> in one of Melbourne's leafiest suburbs, a suburb where new apartment developments are a dime a dozen.

A tangled web of investors shows Packer's Consolidated Press International Holdings Limited investment vehicle as the ultimate holding company for Sharland Holdings, which shows an interest in the entity NPG MALEELA PTY LTD, the name on the development application.

The project will be developed by Chapter Group, with the Lefkos family name in the directorships of the main company, in a joint venture with&nbsp;Gersh Investment Partners.

The VCAT approval, secured in 10 days, paves the way for a three-level, Cera Stribley-designed building on a prime&nbsp;3,862 sqm site at 23 Maleela Avenue, just set back from Whitehorse Road between Balwyn and Deepdene.

The design, submitted to the Boroondara Council, aims to reflect the character of Balwyn, a suburb known for its architectural diversity.&nbsp;

The building will include two and three-bedroom apartments, with 18 different floorplans across the 31 residences.&nbsp;

The two-bedroom apartments will range in size from 114 sqm to 140 sqm, while the three-bedroom apartments start at 150 sqm.&nbsp;

At the top end, three penthouses will span between 310 sqm and 361 sqm, each featuring three master suite bedrooms and two living rooms.

Cera Stribley Architects stated that the design takes inspiration from the surrounding area, referencing Balwyn's eclectic mix of architectural styles, including Georgian Revival, Moderne, and Tudor Revival homes.&nbsp;

The articulation of the building will respond directly to the adjacent residential architecture, with the southern portion of the building grounded on the highest point of the site and horizontal planes flowing northward.&nbsp;

Landscaping by Jack Merlo will further integrate the development with its surroundings.

The development reflects the growing demand for diverse housing in established premium suburbs like Balwyn, which has seen an influx of new and emerging apartment projects.&nbsp;

The development aims to offer a range of housing options, particularly for families seeking access to this coveted area.&nbsp;

The project continues Chapter Group’s recent successes, including their <a href="/news/vic/confidence-in-melbournes-off-the-plan-apartment-market-soars-with-record-10-million-fitzroy-sale">record-setting sale of a penthouse</a> in Fitzroy for over $10 million.

First look: Balwyn apartment development with links to billionaire James Packer approved

Maroochydore is set for a rare new development a stone's throw from the Maroochy River.

<a href="/developers/rocking-horse-construction">Rocking Horse Constructions</a>&nbsp;has been given the green light by the Sunshine Coast Council to developer&nbsp;El Parasol, a new 12-level apartment with 53 apartments.

<a href="/architects/ferro-chow-architects">Ferro Chow Architecture</a>&nbsp;has designed the building at&nbsp;15-17 Ocean Street. The designs units have been inspired by the surrounding ocean and the dynamic lifestyle of the area, the architecture firm says.

<a href="/new-apartments/el-parasol-15-17-ocean-street-maroochydore">El Parasol</a>'s approved design will bring 16 two-bedroom apartments, 32 three-bedroom units—half of which will feature a study—and four four-bedroom penthouses on the top floor.&nbsp;

The development will also include communal facilities on level three, such as a swimming pool, spa with cabanas, a gym, and a kitchen and dining area.&nbsp;

The ground level will house a hospitality venue, while level two and part of level three will accommodate four two-level office spaces. Parking for the development includes 128 spaces, divided among residents, visitors, retail, and office users.&nbsp;

<img alt="Parasol" data-entity-type="file" data-entity-uuid="9acf2909-a0fd-4a03-9ea5-e380e49b70d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-10%20at%203.09.44%E2%80%AFPM.png?VersionId=o7eBLNuwyR5.mh.YwPAKvl_VgwdPBKx2" />

The architectural vision, as submitted to the Sunshine Coast Council, is to create a multi-residential community that integrates a food and drink outlet, office spaces, and dwellings, fostering a vibrant and interconnected neighbourhood.

The design of the building incorporates earthy materials such as off-form concrete, timber, and rammed earth, with landscaping elements like hanging planters and perimeter planting to help blend the structure into its coastal environment.&nbsp;

Ferro Chow Architecture said the street-level experience will be activated with greenery, creating a connection between common areas and the surrounding entertainment precinct.&nbsp;

<img alt="Parasol" data-entity-type="file" data-entity-uuid="06085929-12ed-4cca-a61c-a6b71952d6fc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-10%20at%203.09.56%E2%80%AFPM.png?VersionId=BW8R5VtBZLVhLk.MaHNIJJdNxX0PNpU8" />

The building will sit directly across from Big Top Shopping Centre, in an area that has seen limited residential supply in recent years.

This version of the El Parasol project is a scaled-back iteration of an earlier plan approved in 2020, which included 66 apartments and 44 short-term accommodation units across a larger site.&nbsp; The currently approved design reflects a more compact project on a 2,190 sqm site that was previously a retail strip.&nbsp;

Maroochydore is continuing to grow into a new hub for South East Queensland and the Sunshine Coast region.

Most of the activity in Maroochydore is geared toward the new greenfield CBD, with Habitat Development Group and Walker Corp the busiest developers in the precinct.

[smartcode_project_cta:default project_id=144521]

The architectural vision, as submitted to the Sunshine Coast Council, is to create a multi-residential community that integrates a food and drink outlet, office spaces, and dwellings, fostering a vibrant and interconnected neighbourhood

El Parasol apartments set for Maroochydore

Designed for over 4500 residents, providing much-needed housing in the region, the $1.5-billion masterplan by <a href="/developers/lewis-land-group">Lewis Land Group</a>, Harbour Shores, is set to rise on one of the last large-scale greenfield waterfront development sites on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>.

<a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a> is located along Oxley Drive in Biggera Waters, in between Biggera Creek and the Harbour Town Premium Outlets shopping mall developed by Lewis Land in 1999.

[smartcode_project:default project_id=113271 project_image_fid=247080]

Traditionally settled by retirees, <a href="/developments/biggera-waters-qld-4216">Biggera Waters</a> has seen a recent surge in younger buyers attracted to the retail and dining hub with the development of the shopping centre.&nbsp;

Biggera Waters offers residents a quiet lifestyle, minutes from the <a href="/new-apartments/broadwater-qld-4380">Broadwater</a> yet still in proximity to major shopping centres and natural attractions, and only ten minutes from the CBD during peak hour traffic. The suburb also boasts excellent restaurants, cafes, specialty stores, parklands, and proximity to boat ramps and waterways.

A quick coffee and breakfast are available at The Coffee Club in Harbour Town Premium Outlets shopping mall across the road, while lunch and dinner options range from Japanese at Ichi Ban Ya, Chinese at 8 Street, to Nonna's Italian.

After a satisfying meal, residents can stroll around the mall and shop for everything from designer fashion and accessories to&nbsp;homewares and electronics. There is also the Reading Cinemas for a date or family night.

[smartcode_project:default project_id=113271 project_image_fid=247281]

For outdoor enthusiasts, there are numerous fishing spots in the vicinity, with the closest one just a five-minute drive away.

Additionally, there are large parks just less than one kilometre from Harbour Shores, such as Ngulli Bui Park and Cos Zantiotis Park, adjacent to Cooke Murphy Oval used by the NEAFL's Labrador Australian Football Club team as their home game base.

Meanwhile, a seven-minute drive north will take residents to Quota Park and the beachside Harley Park and Ian Dipple Lagoon towards the south.

[smartcode_project:default project_id=113271 project_image_fid=247280]

Families in Harbour Shores will enjoy convenient access not only to parks and playgrounds but also to several education facilities located in Biggera Waters and nearby suburbs. Biggera Waters State School, Arundel Early Intervention Centre, Coombabah State High School, and Labrador State School are all situated within just one kilometre of Harbour Shores.

The Harbour Shores' master plan revolves around 1.5 kilometres of canal frontage, linked to private marina berths, providing direct boat access to the Broadwater and beyond. Residents can access this via the public boardwalk and extensive parklands.

Lewis Land CEO Matthew McCarron anticipates the project generating up to 5,000 jobs over its development lifespan.

[smartcode_project_cta:default project_id=113271]

From bare to burgeoning: How Lewis Land has overseen the transformation of Biggera Waters

Kooyong doesn't often get many new apartment developments.

The last launch in <a href="/developments/kooyong-vic-3144">the affluent suburb</a> was in 2022 when <a href="/buildings/mansard-kooyong-709-713-toorak-road-kooyong">Mansard</a>, the development of 16 apartments inspired by French architecture, hit the market. Now that's approaching completion mid next year, there is set to be a new choice for off the plan buyers.

The new development, submitted to the Stonnington Council this week, will be smaller, just nine apartments across a four-level buuilding designed by the busy Cera Strbiley at 449 Glenferrie Road.

The building will replace an existing two-level block of flats and outbuildings.

<img alt="449 Glenferrie Rd, Kooyong VIC 3144" data-entity-type="file" data-entity-uuid="6e5949a7-4525-4de4-a8f3-3813ba134a9f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/449%20Glenferrie%20Rd%2C%20Kooyong%20VIC%203144.png?VersionId=0jc6Jkxh2Hiz8cU1IbVywI7TRzKihTJL" />

Proposed is a mix of three two-bedroom apartments, four three-bedrooms, and two four-bedroom units.&nbsp;The mix is intended to address the high demand for two and three-bedroom apartments in Kooyong, particularly among buyers seeking housing options beyond the prevalent low-rise and single-residential houses in the area.

In response to feedback from the local council, several modifications have been made to the initial design.&nbsp;

The brick façade has been extended into the mansard roof to reduce the perceived bulk of the roof level and to enhance the building's recession from the street. The height and width of the roof dormers have been reduced to minimise their visual impact.&nbsp;

The pedestrian entry now includes an arbour structure to improve the sense of address and a similar structure has been added over the vehicle basement entrance to enhance the visual appeal of the northern façade.

To address privacy concerns, south and west-facing windows have been modified with 1,200mm fluted glass to prevent overlooking neighbouring properties.&nbsp;<img alt="449 Glenferrie Rd, Kooyong" data-entity-type="file" data-entity-uuid="1269fc3a-67c6-47a9-a7cf-976f3ae13d16" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/449%20Glenferrie%20Rd%2C%20Kooyong.png?VersionId=MRKiPCCsFeZ6qgpYGfhvrlt_U0QEzXKJ" />

Landscaping plans have been adjusted by realigning tree planting in the southwest corner to avoid interference with existing drainage infrastructure.

The site is situated in an established residential area with convenient access to a range of services and facilities. Kooyong Train Station is located 450 metres away, providing easy public transport options.&nbsp;

Educational institutions such as Scotch College and Auburn South Primary School are within proximity, as are recreational facilities like Kooyong Gardens and the Kooyong Tennis Centre.&nbsp;

Nearby shopping options include Woolworths Toorak and Woolworths Hawthorn East.

<img alt="​​​​ 449 Glenferrie Rd Kooyong DA" data-entity-type="file" data-entity-uuid="7bcd4632-8a35-4f9a-b296-011ba11f0156" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/449%20Glenferrie%20Rd%20Kooyong.png?VersionId=BJfZaVgFrGYXv4ZJ2uk2z_rHodHDZxvz" />

Architectural firm Cera Stribley emphasised in the support documents that the development seeks to meet the demographic needs of the area by offering housing options that are currently in high demand.&nbsp;

The project's design focuses on integrating with the adjacent parkland, featuring floor-to-ceiling windows to frame views of the surrounding greenery.&nbsp;

The building's exterior includes a marble shroud around the windows and metal finishes, aiming for a contemporary aesthetic that complements the natural environment.

The apartment mix is intended to address the high demand for two and three-bedroom apartments in Kooyong

First look: Boutique apartment development set for Kooyong

Is now the best time to purchase an off the plan apartment?

Recent data released from CBRE suggests new apartments are set to get more expensive, with CBRE forecasting prices could jump by as much as 20 per cent by the end of 2026.

CBRE is forecasting build prices are forecast to grow 23 per cent by 2026, as supply tightens to around 45 per cent below pre-pandemic completion rates over the next five years.

CBRE’s Pacific Head of Research Sameer Chopra said newly built apartments are commanding a premium price compared to older stock.&nbsp;

“These premiums are justified by changing consumer expectations around amenities, like building security, lift access, flooring to rooftop gardens and gyms, which typically come with newer builds,” Chopra said.

New one-bedroom apartments are delivering a 16 per cent premium compared to older apartments, new two-bedroom apartments are at a 30 per cent premium, and it’s 45 per cent increase for newly built three-bedroom apartments.&nbsp;

Urban.com.au CEO, Mike Bird, says we are seeing the gap between off the plan and established units continue to grow.

"Historically there hasn't been much backwards movement in the cost structure that drives new apartment pricing, so that suggests the only way the market can unlock the supply is by the price of established growing through increase lending capacity driven by the upcoming rate cut cycle."

<img alt="Premium for new build apartments" data-entity-type="file" data-entity-uuid="65399013-dea0-4b8c-b2a3-180126e3701d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Chart%20-%20premium%20for%20new%20built%20apartments.jpg?VersionId=6oTGh4Z4BAskXgYCJa1jRWZ7_Zu1ip64" />

The report forecasts rents will grow by 25 per cent ($170 per week) between 2024 and 2029 across 59 suburbs in Australian capital cities. By 2029 it’s predicted the rent for a two-bedroom apartment will exceed $600 per week across 90 per cent of precincts.

<h2>The Supply Factor</h2>

CBRE’s Apartment Vacancy and Rent Outlook 2H 2024 estimates over the next 10 years, demand for housing is expected to benefit from a combination of population growth (+3.9 million), employment growth (+2.6 million) and rising income (+$36,000).

In terms of supply, delivery of new apartments is expected to be around 50,000 per year from 2025 to 2029, but population growth is expected to require an apartment supply of approximately 75,000 per year to avoid further falls in vacancy.&nbsp;

In Sydney, apartment delivery is expected to average 12,100 per year from 2025 to 2029, well below the 30,000 average demand for housing stock per year. In the next three years, city-wide vacancy is expected to fall from 2.2 per cent to 1.5 per cent.

Apartment delivery in Melbourne is expected to average 8,700 per annum over 2025-2029, nearly 35 per cent below Sydney, however demand for housing stock is likely to average 37,000 per year over the next five years. The supply and demand inbalance should continue to drive down city-wide vacancy rates from 1.8 per cent to 1.4 per cent, CBRE suggests.

Brisbane's demand for housing stock is likely to average 18,000 per year, but apartment delivery is only expected to be 4,200 per year which should drive vacancy rates from 1.5 per cent to 0.9 per cent.

<h2>The Demand Factor</h2>

CBRE's Q3 2024 Residential Valuer Insights revealed that 43 per cent expect apartment value growth over the next 12 months, with the highest conviction in Perth and Brisbane metro.

<img alt="Demand" data-entity-type="file" data-entity-uuid="87b363ed-083e-468e-968b-5970e70a9fb4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-10%20at%209.51.23%E2%80%AFAM.png?VersionId=RUJC0rPMEnFYZ2U7USz83Uh.6k9hqAPq" />

CBRE's forecast suggest 60 per cent of new supply purchases will be from owner-occupiers. Over the past 25 years, the demographic has comprised 64 per cent of all purchases.

They say that of the investor market, they see a growing share moving across to institutional build-to-rent sector, which will comprises around 22 per cent of new apartment supply, or 11,000 per year, by 2029.

Urban.com.au CEO, Mike Bird, says we are seeing the gap between off the plan and established units continue to grow, but a the rate cut cycle will change that


New apartment prices could jump 20 per cent by 2026 as supply forecasts tighten - is now the time to invest off the plan?

When asked about the key strengths of <a href="/developers/citinova">Citinova</a>’s Albero development, the response from the Urban community was clear: it’s all about location.&nbsp;

Nestled in the heart of <a href="/developments/greensborough-vic-3088">Greensborough</a>, Albero has drawn attention, from first home buyers to investors, not just for its modern design but for the unique balance it offers—urban convenience intertwined with the charm of a tight-knit community.

As part of a Victorian Government high-priority precinct, the suburb is expected to see a population increase of seven per cent by 2027, which has spurred demand for housing.&nbsp;

<a href="/buildings/albero-greensborough-4-poulter-avenue-greensborough">Albero</a>, being the only new apartment development in the suburb, stands to benefit from this growth, as well as from recent government-led infrastructure upgrades, such as the modernized Greensborough Station, which has improved local connectivity.

The combination of these infrastructure improvements and the stable local economy, supported by a mix of healthcare, retail, and hospitality industries, has made Greensborough a strong investment opportunity.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=240437]

Nearly half of the local population earns over $1,000 a week, with many looking for housing close to work, further contributing to the demand for quality residential developments like Albero.

Albero itself has capitalised on the community’s desire for connected living, offering two-bedroom apartments that cater to the needs of both downsizers and first-home buyers.

Its functional and liveable design, handled by Biasol, incorporates elements that reflect the surrounding natural landscape, enhancing the connection to Greensborough’s leafy setting.&nbsp;

Communal terraces and outdoor spaces within the development encourage social interaction among residents, complementing the broader community feel of the suburb.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=240440]

The proximity to parks, walking trails, and green open spaces also aligns with the lifestyle that Greensborough residents seek, offering a retreat-like atmosphere without sacrificing convenience.

Greensborough’s robust amenities and the balanced lifestyle it offers continue to draw buyers, and the completion of Albero marks an important milestone for the suburb.&nbsp;

Albero’s one, two, and three-bedroom apartments are ready for residents to move in.

[smartcode_project_cta:default project_id=4722]

As part of a Victorian Government high-priority precinct, the suburb is expected to see a population increase of seven per cent by 2027, which has spurred demand for housing. 

The impact Albero apartments has had on the Greensborough community

Harry Triguboff's Meriton has submitted plans for its latest apartment development in Sydney's Zetland.

Having already completed several buildings in Zetland in the last decade, Meriton is proposing another two more, one 26-level high-rise with 230 apartments, the other eight levels with 72 apartments and 28 townhouses.

Part of the $221 million proposal for 905 South Dowling Street is for&nbsp;a 125-place childcare centre, a supermarket, and three basement levels for 444 cars.&nbsp;

<img alt="Meriton Zetland DA" data-entity-type="file" data-entity-uuid="0b05c472-8611-4953-adce-fd181a766c45" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Zetland%20DA.png?VersionId=r37JJGNEDqgXuPKiP4nDuy_guA92dqtc" />

The application aligns with the Sydney Local Environmental Plan 2012 and the Sydney Development Control Plan 2012 and is part of a broader effort to redevelop the site at 118-130 Epsom Road and 905 South Dowling Street, which is strategically located within a corridor between the Sydney CBD and the airport.

&nbsp;

The main tower will have 31 one-beds, 152 two-bed apartments, and 47 three-beds.

Mako Architecture and Aileen Sage Architects won the Competitive Design Alternatives Process undertaken by Meriton at the start of 2024.<img alt="Meriton Zetland DA mid storey" data-entity-type="file" data-entity-uuid="a7e002e4-87a1-47b6-bcdc-f8e1a096f0d3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Meriton%20Zetland%20DA%20mid%20storey.png?VersionId=.VelYoTgPDflhC5DpRoWmyJXP.bqms64" />

&nbsp;

The diversity of dwelling types allows for a range of living configurations, making the project suitable for various household sizes and needs, including work-from-home arrangements.

The proposed development also includes extensive landscaping and green corridors that aim to enhance the site's integration with its surroundings.&nbsp;A communal terrace on the rooftop of the tower and another on the podium level will offer shared outdoor spaces for residents.&nbsp;

<img alt="Meriton Zetland DA townhouse" data-entity-type="file" data-entity-uuid="002f49fe-a82e-4275-b73f-fac8115b2915" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Meriton%20Zetland%20DA%20townhouse.png?VersionId=1rN.MvFCfMciP0G.qteuhFJ0PhHMt2WS" />

&nbsp;

Earlier this year Meriton sold out its 260-apartment development, Allegra, which they completed mid-last year.

Fellow high-rise developer Deicorp is also in planning mode in Zetland. In July they filed plans for Joynton Square, nine new buildings at the end of Zetland Avenue, near Gunyama Park. There will be a total of 574 apartments at a cost of just over $300 million.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-deicorp-submit-plans-for-joynton-square-mixed-use-zetland-precinct">First look exclusive: Deicorp submit plans for Joynton Square, mixed-use Zetland precinct</a>

Mako Architecture and Aileen Sage Architects won the Competitive Design Alternatives Process undertaken by Meriton at the start of 2024.

Meriton plots next stage of Zetland precinct

Walker Corp is continuing its push in South East Queensland.

A few weeks after its Robina megasite was given fast tracked approval to develop 2,750 homes, Walker Corp has pushed the go button on <a href="/new-apartments/sol-by-walker-maroochydore-first-ave-maroochydore">Sol by Walker</a>, on its large Maroochydore CBD site.

The developer has filed $220 million plans for a two-tower, mixed-use development with 251 dwellings. The towers will share a three-level podium that will home extensive commercial and retail spaces.

The 6,715 sqm sits on the corner of&nbsp;First Avenue and Future Way. The 19-level towers will be inlign with Habitat Development Group's recently completed The Corso apartment development.

<img alt="Walker Corp" data-entity-type="file" data-entity-uuid="7fb0bfe3-6331-4bfa-b604-a7af5c572305" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-09%20at%208.19.24%E2%80%AFPM.png?VersionId=XMYI2L9aRTpfJ85Q7FLUUSp2eT.fEoLh" />

Walker Corp is proposing 55 one-bedroom apartments, 111 two-bedrooms, 80 three-bedrooms, including 11 townhouses, and five four-bedroom apartments.&nbsp;

The town planning report by Walker Corporation&nbsp;Principal Planner,&nbsp;Nicole Topple, said the proposed diversity of housing stock in the development will provide dwellings at various price points, allowing a cross-section of the population with differing demographics and family sizes to move into the development. A third of the proposed dwellings comprise three or more bedrooms, providing opportunities for families.

<img alt="Plus" data-entity-type="file" data-entity-uuid="c6fb9398-4416-4874-a771-b8a4bbfe6452" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-09%20at%208.20.20%E2%80%AFPM.png?VersionId=YyW6gp3XLSnWX6tsEoYgUZ4Y0dz3nSGk" />

Plus Architecture said in its design report that&nbsp;Sol in Maroochydore sets a new benchmark for high-quality residential living, serving as a catalyst for future development in the Maroochydore Town Centre.

"This project seamlessly combines design excellence, sustainability, and sub-tropical living principles, creating a vibrant and engaging public realm."

<img alt="Plus" data-entity-type="file" data-entity-uuid="3bb558e0-cc38-430d-b17e-7236b34d10d3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-09%20at%208.20.37%E2%80%AFPM.png?VersionId=b4R0bEvcj2DG1SWysyId8wD9pFXoL2.G" />

They said the development goes beyond being a residential building, offering active public interfaces, inviting lobbies, and shaded public spaces that foster community interaction.

"Awnings along commercial and retail frontages, along with integrated street trees and vegetation, enhance the pedestrian experience and reflect sub-tropical design considerations. Robust materials and thoughtful landscaping ensure the building's longevity, allowing it to withstand coastal conditions while remaining aesthetically appealing."

Sustainability is at the core of the design, Plus noted, with provisions for electric vehicle (EV) charging, resilient plant species, and vegetated rooftops that reduce the heat island effect and enhance the urban environment.

<img alt="Plus" data-entity-type="file" data-entity-uuid="86d6c724-0825-455e-836c-b5f8aa17f3b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-09%20at%208.20.45%E2%80%AFPM.png?VersionId=dyfHiEB6b0H88AYCdnUXT1ofe4pbEbgT" />

They said expansive recreational areas promote community interaction, creating a strong sense of belonging among residents.

"Architecturally, the design is inspired by the natural formations of the Sunshine Coast and the Maroochy River, with towers oriented to capture stunning views of the ocean, river, hinterland, and city. Full-height glazing, deep slab projections, and permeable balustrades maximize natural light, airflow, and shading, ensuring comfortable, energy-efficient living spaces that connect residents to their surroundings.

"By combining timeless design with innovative and sustainable practices, the project is designed to create a development that remains relevant and cherished for generations, setting a new standard for living in Maroochydore.

<img alt="Plus" data-entity-type="file" data-entity-uuid="f1f2bcf7-1d6b-4f1f-8e77-ab5c9fb5093a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-09%20at%208.20.31%E2%80%AFPM.png?VersionId=ZMWok2py4rW97fuKF3Z17ecdzwnPDAlg" />

There were three pre-lodgement meetings with council before the recent application.

Over the next 25 years, the South East Queensland population is expected to grow by 2.2 million to almost six million.&nbsp; The Sunshine Coast is anticipated to grow by 219,000 people, requiring 84,800 new homes.

At least 4,000 new homes will be delivered in the Maroochydore City Centre Priority Development Area,&nbsp;a 62-hectare site centrally located in Maroochydore. It includes the former Horton Park Golf Course, privately owned land, and a drainage reserve.

Over the next 25 years, the South East Queensland population is expected to grow by 2.2 million to almost six million.  The Sunshine Coast is anticipated to grow by 219,000 people, requiring 84,800 new homes

Walker Corp unveils Sol by Walker in Maroochydore CBD

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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