Brisbane's Bulimba is undergoing a bit of a renewal phase.

Boutique developer Engage Group is the latest developer to join the transformation, submitting new apartment plans for the riverside suburb.

They're planning a boutique shoptop housing development at 102 Oxford Street, just four apartments above a street-level shop which will complement the mixed-use offerings on Oxford Street. 
 
<img alt="Bulimba" data-entity-type="file" data-entity-uuid="1bfe4289-ea70-4be9-ad9c-915ba16f2610" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%2011.56.59%E2%80%AFAM.png?VersionId=FofqXGuNDWe7EA5LfmzhQsaeQh2xbXPL" />

<a href="/architects/dah-architecture">DAH Architecture</a>&nbsp;has put together for the building on a vacant 610 sqm site that is just down the road from the Bulimba ferry terminal and opposite Bulimba Memorial Park.&nbsp;&nbsp;

Each apartment will have three bedrooms and four bathrooms, as well as tandem parking for each unit. The two upper-level apartments have their own private rooftop terraces with a terrace, outdoor kitchen, firepit area, and plunge pool.

<img alt="Bulimba" data-entity-type="file" data-entity-uuid="1b4c4f03-b921-4f8e-90c7-5b0343cf6615" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%2011.57.09%E2%80%AFAM.png?VersionId=3nbwgoV.d9vuNvPBCklWCZoH1G5MOgx3" />

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Bulimba has long been a sought-after suburb in Brisbane, particularly known for its large, modern houses. It is now undergoing a transformation, with a wave of new apartments and new commercial developments driving its growth.

Earlier this year Shayher Group <a href="/news/qld/first-look-exclusive-shayher-group-file-for-first-stage-of-bulimba-barracks">revealed the first stage</a> of its multi-stage masterplanned development, Bulimba Barracks.

The first stage is for two low-rise apartment buildings with <a href="/new-apartments/bulimba-barracks-stage-1-167-apollo-road-bulimba">69 apartments on Apollo Road</a>, separated by a laneway from the fabrication workshop which will be restored.

Also this year, Bellevue Queensland <a href="/news/qld/rare-opportunity-to-buy-on-the-brisbane-river-as-apollo-bulimba-apartments-launch">launched Apollo Bulimba</a> on the riverfront Byron Street, just 12 apartments, while down the road architect cum developer Joe Adsett has <a href="/news/qld/first-look-exclusive-joe-adsett-partners-with-zephyr-group-for-luxury-bulimba-apartment-development-palais-bulimba">teamed up with Zephyr Group</a> to deliver 13 apartments.

Bulimba has long been a sought-after suburb in Brisbane, particularly known for its large, modern houses. It is now undergoing a transformation, with a wave of new apartments and new commercial developments driving its growth.

Joel Robinson

First look: Engage to deliver luxury apartments to Bulimba's Oxford St

Recent off the plan property purchaser Ray Foo has a strategy when he's buying apartments off the plan in Sydney.

"I'll always draw a five-minute walk radius around a development, to calculate its proximity to transport connections, mainly train or metro stations," Ray said.

"I do this from both an investment and liveability standpoint.

"My view is those developments that are well connected to the rest of Sydney will enjoy greater returns in both price growth and rental yield. I also look at the walk radius for when I live in the apartments, so I have an easy and convenient route into the city."

It was with this method, as well as extensive knowledge of the reputation of developer <a href="/developers/hyecorp-property-group">Hyecorp</a>, that led Raymond to purchase a two-bedroom apartment in <a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>, Hyecorp's new apartment development in Roseville.

[smartcode_project:default project_id=7395 project_image_fid=278193]

Comfortably falling into Ray's criteria, Juliet is located across the road from <a href="/developments/roseville-nsw-2069">Roseville</a> Station, a 25-minute commute into the Sydney CBD.

"You can't get a better location," Ray said.

"Not only are you across the road from the station, you're on the top of a hill and next to a park. It will be hard for another development to rival this location in Roseville."

Read more:&nbsp;Juliet: <a href="/news/nsw/juliet-one-of-the-most-connected-apartment-developments-in-the-leafy-roseville">One of the most connected apartment developments in the leafy Roseville</a>

[smartcode_project:default project_id=7395 project_image_fid=278205]

The Juliet purchase represented an upsize for Ray, who bought his first property, also off the plan, a few years ago in his early 20s. That apartment was in&nbsp;Billbergia's Rhodes Central a few years ago, another well-connected development to transport near Rhodes Station.

Ray said off the plan gives much more flexibility for a first home buyer than a purchase in the established market.

"The percentage required for a deposit when buying off the plan allows first home buyers to avoid relying on the 'bank of mum and dad,' which is often necessary in the established market," Raymond explained.

"You pay a 10 percent deposit—an amount that is achievable to save up for. Instead of settling on the property in six weeks, as is common in the established market where you must pay the remaining 10 percent of the deposit, you have years to accumulate that money. While saving, you're not paying any progress payments or other fees, and your asset is often growing in value over that period."

[smartcode_project:default project_id=7395 project_image_fid=278200]

It was 2016 when Hyecorp identified the prime Pacific Highway site, home to the Roseville RSL Club, as where they wanted to create not only a new apartment development, but rejuvenate the RSL which&nbsp;had been a fixture next to Memorial Park since the 1930s.

Hyecorp worked with both the Roseville community and local council to come up with Juliet, just 35 apartments that will sit above a redesigned ground floor club that will be more fine-dining than sticky floors with tired decor.

<a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>&nbsp;offers a point of difference in a suburb dominated by larger family homes, with very little supply of new apartments. Less than a third of housing in&nbsp;<a href="/new-apartments/roseville-nsw-2069">Roseville</a>&nbsp;is apartments, and of those, only 30 per cent have more than two bedrooms.

Ray 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=7395]

What led upsizer Ray Foo to buy an apartment at Hyecorp's Juliet in Roseville: Urban Buyer Q&A

Rose Bay has long stood as one of Sydney's most prestigious Harbour suburbs, attracting those seeking both postcard views and a vibrant lifestyle.

Price growth has been consistent, solidifying its reputation in the trophy market, highlighted by a record house sale that reached $45 million in 2021.

Historically, the new apartment market in <a href="/new-apartments/rose-bay-nsw-2029">Rose Bay</a> has been virtually non-existent, leaving locals with limited options: either relocate from the suburb they love or downsize to an older apartment in a building constructed decades ago.

However, a shift is underway. The new apartment market is beginning to flourish, offering fresh opportunities for buyers.

Last year, Rose Bay recorded 69 house sales exceeding $3 million, compared to just 29 unit sales, according to CoreLogic. However, that gap is narrowing; as of 2024, there have already been 36 house sales over $3 million and 32 unit sales, signaling a growing supply and increasing interest in new apartment living.

Indeed that is reflected in the data from MatterFact, the new data from Apartments.com.au.

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Apartments.com.au. There was a 48 percent increase in searches from June to July, with last month’s search volume reaching its highest level since April 2023.

The metrics driving new apartments in Rose Bay are largely influenced by the high cost of land, the cost heightened due to Rose Bay's proximity to the beach and the harbour, its charming village atmosphere, and the prestigious Royal Sydney Golf Club, one of Australia’s most exclusive golf courses and host of the Australian Open.

While land prices are high, new apartments can command premium prices due to the strength of the local housing market and the relative undersupply in the new apartment sector.

Generally, most new developments tend to have anywhere between 10 to 15 apartments, given the strict height limits in place by the Woollahra Council.

The newest apartments in Rose Bay come from the likes of regular Eastern Suburbs developers Stargate Property and Fortis.

Builder-developer Stargate is nearing completion of its Everose development on Old South Head Road.

Only recently launched to market, Everose comprises 26 two and three-bedroom apartments with outdoor garden courtyards or terraces and kitchens kitted out with&nbsp;premium V-Zug appliances.

[smartcode_project:default project_id=113391 project_image_fid=277970]

<a href="/developers/fortis">Fortis</a> is soon to start welcoming buyers to its completed Atlas development on Spencer Street.

Recently completed by <a href="/builders/lords-group">Lords Group</a>, <a href="/buildings/atlas-rose-bay-5-spencer-street-rose-bay">Atlas</a> has just 12 apartments designed by MHN Design Union.

Fortis is already working on its fourth multi-residential development in Rose Bay. Last month, Urban revealed the development arm of Pallas Capital lodged plans for its recently acquired Ian Street site.<img alt="Fortis" data-entity-type="file" data-entity-uuid="e67d85e4-9123-4311-8983-278550d7cf93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%209.44.14%E2%80%AFAM_0.png?VersionId=Dq_i3_UCtaUTxGQXGSGZFXXCh__9sLNK" />

They're planning 12 apartments, 11 three-bed and one two-bed, across a five-level building at 10-12 Ian Street. They've had&nbsp;<a href="/architects/mhn-design-union">MHN Design Union</a>&nbsp;handle the architecture again.

Read more:&nbsp;<a href="/news/nsw/lords-group-to-bring-scaffolding-down-at-fortis-atlas-in-rose-bay">First look exclusive: Fortis plan new Rose Bay apartments</a>

One of the most exciting developments Rose Bay has seen in years looks set for the fringe of the Royal Sydney Golf Club.

<a href="/developers/orosi">Orosi</a>, a fully integrated developer with its own construction and architecture arms, will be developing a part four, part five-level building on the corner of The Avenue, Old South Head Road, and William Street.

<img alt="Orosi" data-entity-type="file" data-entity-uuid="1f11577c-ef7d-4e9d-9f9f-70fd8bea5adf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%2010.00.15%E2%80%AFAM.png?VersionId=86DuGR5PD9ZhXrqbJjKmZKYaeIg6FeMM" />

On offer for buyers will be 50 two and three-bedroom apartments. The unrepeatable site spans over 3,000 sqm.

The apartments will sit above a new vegan cafe, restaurant, and a commercial space that will act as the display suite during construction, before turning into Orisi's new office on completion.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-orosi-plan-rose-bay-shoptop-on-key-gateway-site">First look exclusive: Orosi plan Rose Bay shoptop on key gateway site</a>

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Urban.com.au

Downsizers finally start to get their chance in Rose Bay as new apartment supply grows

The power of Latent Defects Insurance isn't lost on anyone in the development industry.

Latent Defect Insurance, or LDI, is the new<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market"> groundbreaking insurance policy</a> being rolled out in Australia by Resilience Insurance. The insurance, which has been around for over seven decades globally, provides off the plan apartment buyers with a 10-year warranty for structural and waterproofing defects on both their new apartment and the building it's situated in.&nbsp;

Developers are benefitting from the policy because they're seeing increased sales rates in some cases, as well as higher value sales, and they're covered financially should any structural defects occur within their building.

But most importantly, by taking out the policy, they're protecting their buyers interests. Buyers don't have to look too further into the policy to see their benefits.&nbsp;

On settlement, they get a 10-year insurance, paid for by the developer, which completely covers them should there be any issues with the structural integrity of the building. The fact the building has Latent Defects Insurance means there's a stronger chance this shouldn't happen, with regular third party inspections to ensure the build is being undertaken correctly.

&nbsp;

Now project marketers, those who are selling the apartments, are becoming fully aware of the power of having Latent Defects Insurance has on the development industry.

Ray White Western Sydney Projects Managing Director, Mark Bernberg, says LDI is "simply the greatest thing to happen to a buyer's peace of mind."

"First off - it's insurance of first resort. Unlike car insurance where they first have to determine fault, and then they will start the payout process, LDI pays out first and then looks for where the problems are," Bernberg says. 
 
"To combat this, and to be even more proactive, they have a stringent Technical Inspection Service (TIS) that essentially makes developers and builders jump through hoops and over hurdles to ensure the building is built right, first time, every time, thus preventing major defects and having to pay out on them."

Bernberg is marketing Marque Rockdale, the latest development by financial services firm turned apartment developer, Princeton.

[smartcode_project:default project_id=136442 project_image_fid=277072]

<a href="/new-apartments/marque-rockdale-602-608-princes-highway-rockdale">Marque Rockdale</a>&nbsp;will comprise just 58&nbsp;one, two, and three-bedroom apartments,&nbsp;a handful of which will be SOHO apartments (Small Office Home Office), a hybrid apartment/workspace that will bring a vibrant atmosphere to the street level.

The seven-level building will also feature a communal rooftop herb garden with over 100 sqm of break-out space, a barbecue area, a children's play zone, a pergola-shaded dining area and integrated seating.

&nbsp;

[smartcode_project:default project_id=136442 project_image_fid=277073]

"The fact that Resilience Insurance first verify the builder and developer to ensure they meet their customer criteria, should also bring great comfort to the mind of the buyer," Bernberg added. 
 
"If a building has the LDI product then you know it is being built right, from the start through to the finish, and then peace of mind for another decade. That has intrinsic value, and our clients are building that value into their purchasing decisions."

Read more:&nbsp;<a href="/expert-insights/building/the-advantages-of-first-resort-strict-liability-latent-defects-insurance-for-off-the-plan-property-buyers">The advantages of first resort, strict liability, Latent Defects Insurance for off the plan property buyers</a>

Marque is being built by iCIRT rated builder <a href="/builders/coplex">Coplex</a>&nbsp;who has already started construction. Marque Rockdale is slated for completion in mid-2025.

[smartcode_project:default project_id=136442 project_image_fid=277075]

&nbsp;

Speaking with <a href="/developers/princeton">Princeton</a> CEO George Gaddallah earlier this year, he said having Latent Defects Insurance is a "no brainer" going forward.

"We are committed to providing certainty to our purchasers by utilising the best-in-class products that provide peace of mind and warranties for any defects," Gadallah says.

To find out more about Resilience Latent Defects Insurance, <a href="/news/resilience-latent-defects-insurance">click here</a>.

[smartcode_project_cta:default project_id=136442]

Ray White Western Sydney Projects Managing Director, Mark Bernberg, says LDI is "simply the greatest thing to happen to a buyer's peace of mind."

Princeton gives assurances to Marque Rockdale purchasers with 10-year Resilience Latent Defects Insurance

Damgar Group’s Rosella apartment development in Murrumbeena is set to bring a new level of architectural design to the area.&nbsp;

Rosella consists of 70 one, two and three-bedroom apartments, half of which have already been snapped up.

We recently visited the display suite at 109 Poath Road, just a few doors down from the active construction site, to get a closer look at what's on offer at Rosella.

<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/FGX_3mJQ-Q8?si=f681hDP2d_Qkv3AG" title="YouTube video player" width="560"></iframe>

Each apartment has been thoughtfully designed to maximise natural light and livability, with spacious balconies and expansive terraces perfect for entertaining or everyday living.

James Gray from Progresio, the development partner at Rosella, says the idea behind Rosella was to create something Murrumbeena simply hasn't seen before.

&nbsp;

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"We brought in the renowned team from Cera Stribley Architects who created something instantly recognisable."&nbsp;

[smartcode_project:default project_id=142221 project_image_fid=288651]

Cera Stribley Architects mirrored the curves of the nearby Hughesdale train station underpasses, blending Rosella into its local surroundings. Inside, the apartments continue this curved aesthetic with unique interior walls, setting them apart from more traditional designs.

Residents can expect high-end finishes throughout, with integrated Miele appliances, stone benchtops, and stylish gunmetal grey tapware in the kitchens.

[smartcode_project:default project_id=142221 project_image_fid=288652]

Rosella's location is a key selling point. It’s a one-minute walk to Hughesdale train station, offering residents a quick 20-minute commute to Melbourne's CBD.&nbsp;

Nearby, residents can enjoy the convenience of Chadstone Shopping Centre, Australia’s largest retail hub, just a short drive away.

Damgar Group expects Rosella to be completed by late 2025.&nbsp;

[smartcode_project_cta:default project_id=142221]

James Gray from Progresio, the development partner at Rosella, says the idea behind Rosella was to create something Murrumbeena simply hasn't seen before

Inside Rosella Murrumbeena apartments: Urban's Display Suite Tour

“In Sydney and Melbourne, the top selling projects are more affordable. In Queensland, the Brisbane and Gold Coast markets are still targeting the luxury/premium market.” 

Affordable apartments driving Sydney and Melbourne markets, Brisbane and Gold Coast geared toward the premium: Urbis Apartment Essentials Q2 2024

The COVID-induced boom has transformed the off-the-plan apartment market in the Gold Coast.

Since early 2020, when lockdowns restricted movement in and out of Australia, the Gold Coast has emerged as one of the country’s strongest property markets. As the nation returned to normalcy and borders reopened, demand for apartments remained robust. However, a significant shift has occurred in the types of apartments being developed, skewed heavily in favor of downsizers.

Gone are the days dominated by large skyscrapers, with only a few exceptions from Harry Triguboff's Meriton. The trend now favors large-scale apartments, most spanning half and full floors. Over the last few years, these types of residences have been sought after by affluent local downsizers and buyers from Sydney and Melbourne looking for a family holiday home, a future retirement pad, or a property that can serve both purposes.

<a data-entity-type="file" data-entity-uuid="ff24254a-7715-4acf-9546-4f54ea4b2f28" href="/developments/gold-coast-qld"><img alt="Gold Coast Tile" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-25%20at%208.29.12%E2%80%AFAM.png?VersionId=b77QCElfvto265RIVn0b9yzoP8J64P9i" /></a>

Developers are increasingly focusing on A-grade sites, ideally situated as close to the beach as possible. Even those bringing much-needed density to the Gold Coast are reserving a significant portion of apartments toward the top end of the building for larger units.

As the market adapts to these trends, we take a closer look at the Gold Coast apartment developments that are providing exciting options for downsizers.

<h2>What: Capri</h2>

<h3>Where:&nbsp;81 Salerno Street, Isle Of Capri QLD 4217</h3>

<h3>Who:&nbsp;Monaco Property Group</h3>

One of the most popular developments on the Gold Coast for downsizers has been the Isle of Capri villa development, <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a>.

Capri, the largest residential development on the&nbsp;<a href="/developments/isle-of-capri-qld-4217">Isle of Capri</a>&nbsp;for three decades, is tailor-made for the local downsizer.

[smartcode_project:default project_id=139511 project_image_fid=298836]

The villa-style development, in the quiet, private suburb just outside Surfers Paradise, has been a hit with downsizers since launching late last year.

The 48 villas, designed by Plus Architecture, sit in a gated community and are cleverly positioned around a central resort-style pool, adjoining residents' lounge, and several outdoor dining spaces surrounded by landscaping.

[smartcode_project:default project_id=139511 project_image_fid=298822]

The development features a variety of villa configurations, including two and three-level homes. Each villa offers either three or four bedrooms, with living spaces ranging from 241 sqm to 370 sqm.

Construction firm Greyburn recently started the build for developer <a href="/developers/monaco-property-group">Monaco Property Group</a>. They're expecting buyers to be moving into their villas at the end of 2025.

Read more:&nbsp;<a href="/news/qld/why-rightsizers-and-downsizers-are-buying-new-villas-on-isle-of-capri?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=database_email_mu_20240731_gold_coast_qld&amp;csl=07ba70730814221a1a04c8bd933c5e6aa9a0f0fd&amp;iterableEndUserId=07ba70730814221a1a04c8bd933c5e6aa9a0f0fd&amp;iterableEmailCampaignId=10619480">Why rightsizers and downsizers are buying new villas on Isle of Capri</a>

<h2>What: Lagoon</h2>

<h3>Where:&nbsp;11 Cronin Avenue, Main Beach QLD 4217</h3>

<h3>Who:&nbsp;Drew Group</h3>

Drew Group has placed a significant focus on the downsizer market in its game-changing <a href="/developments/main-beach-qld-4217">Main Beach</a>&nbsp;apartment development, <a href="/new-apartments/lagoon-main-beach-11-23-cronin-avenue-main-beach">Lagoon</a>.

<a href="/new-apartments/lagoon-main-beach-11-23-cronin-avenue-main-beach">Lagoon</a>&nbsp;comprises two 32 and 34-level towers with 259 apartments, centred around a lagoon pool and resort-style amenities.

[smartcode_project:default project_id=108747 project_image_fid=204524]

While a significant number of the apartments in the building are large enough to suit a lock-up-and-leave downsizer, the recently released Signature Collection—referring to the 12 sub-penthouses and penthouses—has been the most appealing to locals.

Several of the sub-penthouses have been snapped up by locals, while interstate interest from Sydney and Melbourne is still apparent.

[smartcode_project:default project_id=108747 project_image_fid=293107]

"The unrepeatable nature of these apartments hasn't been lost on buyers,"&nbsp;<a href="/developers/drew-group" target="">Drew Group</a>&nbsp;Managing Director Jon Drew told Urban.

"It will be hard to replicate the sheer size of these apartments. No expense has been spared to create these luxurious sub-penthouses and penthouses. At this price point, it’s an opportunity that may never be repeated in a new Main Beach development."

[smartcode_project:default project_id=108747 project_image_fid=284864]

Lagoon Main Beach is currently under construction by renowned builder Hutchies, who expect to complete in late 2025.

Read more:&nbsp;<a href="/news/qld/buyers-snap-up-drew-groups-signature-collection-at-lagoon-main-beach">Buyers snap up Drew Group's Signature Collection at Lagoon Main Beach</a>

<h2>What: Victoria &amp; Albert</h2>

<h3>Where:&nbsp;20 Albert Avenue, Broadbeach QLD 4218</h3>

<h3>Who:&nbsp;Iris Capital</h3>

Downsizers have been catered for in the $1 billion&nbsp;<a href="/developments/broadbeach-qld-4218">Broadbeach</a>&nbsp;apartment development, <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>.

Developed by Sam Arnaout's&nbsp;<a href="/developers/iris-capital">Iris Capital</a>, Victoria &amp; Albert, more affectionately known as V&amp;A, comprises just under 400 apartments across two towers on the site of the old Neicon Plaza in the heart of Broadbeach.

The higher a buyer goes in the towers, the larger the apartments become. The Albert Tower is better suited for downsizers, featuring larger floor plans throughout.

[smartcode_project:default project_id=107928 project_image_fid=234153]

V&amp;A Broadbeach will become the new home of high-end retail on the Gold Coast with the ground floor offering elevated ceiling heights for the luxe retail experience.

The twin towers will share a subtropical recreational podium on level four, giving access for all residents to world-class amenities such as a 25-metre lap pool, a fully equipped gym, a yoga deck and a resident’s lounge. The podium will also feature a children’s area, a Zen garden, and an outdoor dining and barbecue area adorned with lush green landscape.

[smartcode_project:default project_id=107928 project_image_fid=234097]

Iris Capital recently <a href="/news/qld/iris-capital-create-construction-arm-to-build-victoria-albert-broadbeach-apartments">brought construction in-house</a>&nbsp;to deliver Victoria &amp; Albert. Iris Build is set to complete the development in 2027.

Read more:&nbsp;<a href="/news/qld/inside-the-victoria-albert-broadbeach-apartment-towers">Inside the Victoria &amp; Albert, Broadbeach apartment towers</a>

<h2>What: Malo Broadbeach</h2>

<h3>Where:&nbsp;8 Jubilee Avenue, Broadbeach QLD 4218</h3>

<h3>Who:&nbsp;Morris Property Group</h3>

Every apartment in Morris Property Group's latest development,&nbsp;<a href="/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo Broadbeach</a>, is designed to suit the owner-occupier.

The <a href="/developers/morris-property-group">veteran developer</a> is offering just 16 three-bedroom apartments in the Jubilee Avenue building, right next to&nbsp;

[smartcode_project:default project_id=112549 project_image_fid=293546]

Each apartment spans half a floor, around 130 sqm of internal living space and feature floor-to-ceiling windows and balconies that capture extensive views across the Gold Coast skyline and over the beach.

The apartments feature&nbsp;Cassa Lusso tapware, Franke kitchen appliances, and Bosch laundry appliances.

Malo’s location offers residents easy access to Surf Parade, known for its dining options, as well as Pacific Fair, the largest shopping centre on the Gold Coast.

[smartcode_project:default project_id=112549 project_image_fid=293547]

It's a stone's throw from the Broadbeach North light rail station, as well as the Gold Coast Convention and Exhibition Centre which is slated for a $700 million redevelopment to turn it into a world-class entertainment precinct.

Malo is well under construction by Morris' in-house construction team, and is expected to be completed by late 2024.

<h2>What: Athena Residences &amp; Athena Quays, Hope Island</h2>

<h3>Where:&nbsp;6-8 Sickle Avenue, Hope Island QLD 4212 and 10 Sickle Avenue, Hope Island QLD 4212</h3>

<h3>Who:&nbsp;Aniko Group</h3>

<a href="/buildings/athena-residences-hope-island-6-8-sickle-avenue-hope-island">Athena Residences</a> and <a href="/buildings/athena-quays-hope-island-10-sickle-avenue-hope-island-qld-4212">Athena Quays</a> are two adjacent developments by respected developer-builder&nbsp;<a href="/developers/aniko-group">Aniko Group</a> on <a href="/developments/hope-island-qld-4212">Hope Island</a>.

Athena Residences, which is recently completed and nearly sold out, is a unique product in that it provides an adaptive layout typically unseen in apartment floorplans, allocating additional space to allow for the choice of working from home, plus the resort style facilities and the abundance of open space and greenery which covers a massive 60 per cent of the site.

[smartcode_project:default project_id=95317 project_image_fid=269853]

Athena Quays has been designed in a similar fashion.

Currently under construction and approaching completion, Athena Quays comprises two eight-level buildings with 177 apartments. Only a handful of the three-bedroom skyhome-style apartments remain. They have three bedrooms, one study, three bathrooms, and two car spaces.

[smartcode_project:default project_id=109922 project_image_fid=207990]

Athena Quays offers amenities comparable to its neighbor, including two swimming pools, a state-of-the-art gym with personal training suites, a spa, and a sauna. Additionally, there’s a private screening room with 14 seats—perfect for movie nights with friends and family—along with a residents' lounge and a beautifully landscaped courtyard garden.

Both developments by Aniko are part of the developer's transformative vision for Hope Island. They represent two of five successful projects Aniko has delivered on the island, providing much-needed options for downsizers in the area.

Developers are increasingly focusing on A-grade sites, ideally situated as close to the beach as possible. Even those bringing much-needed density to the Gold Coast are reserving a significant portion of apartments toward the top end of the building for larger units.

Why buying an off the plan apartment on the Gold Coast makes sense for downsizers

In the dynamic world of insurance, there is a product that has been quietly making waves across the globe for decades – Latent Defects Insurance (LDI).

Originating in Europe, this innovative insurance coverage has now found its way into the Australian market, promising a brighter future for the construction industry.&nbsp;

Latent Defects Insurance, also known as structural defects insurance or building warranty insurance, provides the most comprehensive protection to property owners, covering them against any hidden defects in construction projects. These defects may not be immediately apparent but could manifest months or even years after the completion of the project, leading to costly repairs and legal disputes.&nbsp;

Read more:&nbsp;<a href="/expert-insights/building/the-advantages-of-first-resort-strict-liability-latent-defects-insurance-for-off-the-plan-property-buyers">The advantages of first resort, strict liability, Latent Defects Insurance for off the plan property buyers</a>

The history of Latent Defects Insurance can be traced back to the mid-20th century when it was first introduced in Europe to address growing concerns surrounding construction defects. As the construction industry evolved and became more complex, the need for comprehensive, structural insurance coverage became increasingly apparent.&nbsp;

Over the years, Latent Defects Insurance gained popularity in countries like the United States, Canada, and the United Kingdom, where it became a standard requirement for large-scale construction projects. The insurance industry recognised the value of this product in mitigating risk and fostering a culture of accountability among construction stakeholders.

Now, Latent Defects Insurance is gaining traction in Australia, with nationwide availability transforming the construction landscape. This development marks a significant milestone for the Australian construction industry, offering newfound security and peace of mind to property owners, investors, developers, and builders alike.

Read more:&nbsp;<a href="https://industry.urban.com.au/updates/how-resilience-ldi-helps-off-the-plan-apartment-developers">How Resilience LDI helps off the plan apartment developers</a>

The introduction of Latent Defects Insurance in Australia is already having a transformative impact on the industry, promoting higher construction standards, reducing disputes, and enhancing overall project quality. With this innovative insurance coverage now widely accessible, the future of construction in Australia looks more promising than ever before.

The evolution of Latent Defects Insurance, from a niche product to a mainstream offering, is a testament to its effectiveness in addressing the complex challenges of the construction industry. As latent defects insurance continues to expand its reach, the future of construction worldwide, and especially in Australia, looks brighter and more secure than ever.

<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/uV-8Z3O3qH4?si=B-LsOmHGJeBM4JHj" title="YouTube video player" width="560"></iframe>

The pioneering insurance firm, the only insurer who can offer Latent Defects Insurance in Australia, is Resilience Insurance.

Resilience Insurance CEO Corey Nugent says the insurance benefits both the purchaser and the developer.

“Ultimately what we’re trying to do is build better buildings the consumers can have trust in, but more importantly improve the post-completion and settlement process, so that when buyers take possession, they have full insurance protection, from day one, for 10 years” Nugent says.

“The insurance protects the buyer from any structural defects in the building, and developers who have taken Resilience LDI have reported an uptick in both sales volumes and sale values compared to competing developments that don’t have Resilience LDI.”

To find out more about Resilience Latent Defects Insurance, <a href="/news/resilience-latent-defects-insurance">click here</a>.

Latent Defects Insurance provides the most comprehensive protection to property owners, covering them against any hidden defects in construction projects

The evolution of Latent Defects Insurance worldwide and its nationwide availability in Australia

Sydney's most connected address has just been revealed, with prominent developer Third.i launching the first stage of its over station Crows Nest Metro development, Hume Place.

Hume Place will comprise three mixed-use buildings designed by the internationally acclaimed architecture firm Woods Bagot.

The first residences in Hume Place, known as <a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate</a>, have just been released, a combination of 130 one, two, three bedroom apartments that offer unparalleled access to Sydney, as well as all of the amenity in the booming Lower North Shore metro corridor.

The apartments are split into three categories; The Urban Residences, Panoramic Residences, and Skyhomes.

The Urban Residences are made up of 76 one and two-bedroom apartments. They start on level seven and each feature a balcony or winter garden providing an extended alfresco living space.&nbsp;

The Panoramic Residences offer one, two and three-bedroom apartments, higher up the building to offer extensive views stretching from the heads, across the Harbour, and to the city skyline.&nbsp;

There are only 11 apartments in the Skyhomes collection, including a number of three-level penthouses that have their own rooftop terrace with a pool and outdoor kitchen. Each of the Skyhomes has three bedrooms, except for one oversized two-bed.

[smartcode_project:default project_id=142550 project_image_fid=297877]

There is a wide variety of configurations that will suit several demographics, including investors, who have largely been absent from the market since the RBA started increasing interest rates.&nbsp;

However, with an unreplicable project like Elevate, and its connection to the Metro, investors are likely to be looking at strong tenancy take-up and a higher potential for growth that, over the course of the last decade, has proven to be stronger in suburbs with a metro line than the neighbouring suburbs.

Close proximity to a metro station can help secure 15 per cent to 20 per cent premiums in rents compared to similar properties in the area.

Third.i and joint venture partner Phoenix Property Investors (PPI) acquired the <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> Overstation Development at the end of 2022 after being shortlisted by the NSW Government and Sydney Metro in a rigorous and highly competitive tender process. Third.i and PPI were selected over some of Australia’s most successful developers, to deliver both sites above the station.

[smartcode_project:default project_id=142550 project_image_fid=298039]

Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place presents an unparalleled opportunity.

"Elevate is not only going to offer some of the best apartments ever released, but it is also a one-of-a-kind development in terms of the value the metro will bring long-term to its owners," Berry says.

"There are plenty of projects claiming close links to the Crow’s Nest Metro, but there is only one project getting built above it all. Having Elevate built directly over the station is why this project will outperform any other local projects in the future”.

Designed by renowned architects <a href="/architects/woods-bagot">Woods Bagot</a>, Elevate draws inspiration from the area’s natural and historical elements, incorporating the heritage of the ancient blue-gum forests that once dominated the landscape.&nbsp;

The development emphasises sustainability, with a Net Zero energy building design that exceeds industry standards.&nbsp;

Beyond the residences, the project has been carefully crafted to integrate with the vibrant Crows Nest community.&nbsp;

Third.i and PPI have worked closely with local businesses and residents to ensure the development aligns with the character of the area while enhancing the quality of life through thoughtful urban planning.

<a href="/developers/thirdi-group">Third.i</a>&nbsp;is working towards a Q3 2027 completion date.

[smartcode_project_cta:default project_id=142550]

Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place is set to redefine urban living in this part of Sydney.

Elevate at Hume Place: A once-in-a-generation opportunity above Crows Nest Metro

There was something about moving into a completely new space that appealed to Gold Coast downsizer Lada Vugic.

Lada recently secured an apartment in Siera Property Group's under-construction <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a> apartment development on <a href="/developments/chevron-island-qld-4217">Chevron Island</a>, where she will downsize come completion in late 2025.

Lada had initially looked at the established market to downsize, but the draw of living somewhere that hadn't ever been lived in before was too strong.

"It's almost like buying a used car versus buying a new car," Lada said.

"There's no better feeling than knowing what you own is new and hasn't been used by someone else. This will be my forever apartment, so I wanted to be the first owner, bringing my own energy to the space."

[smartcode_project:default project_id=108641 project_image_fid=192961]

Lada researched and visited several other display suites across the Gold Coast, but she said she knew she'd found her new home when she visited Tapestry.

"Everything just felt right at Tapestry," Lada said.

"I was going in without really knowing what to ask, but the sales agent Brad was incredibly helpful, explaining to me the sizes of the apartments, the outlook, and most importantly, how the off the plan buying process works. After that, I felt more confident in buying off the plan, and I could picture what my new apartment at Tapestry would look like."

Lada bought a two-bedroom apartment, which the mother of two sons described as being "not too big, and not too small."

[smartcode_project:default project_id=108641 project_image_fid=192962]

Beyond the practicality of the layout, the design aesthetic of Tapestry struck a chord as well.

“I loved the natural, light colours of the interior design. It felt fresh and modern.”

Lada says one of the biggest drawcards to Tapestry was the rooftop, which will feature an infinity pool with views over the Gold Coast, private dining areas, and a gym.

"The first thing I did when I bought was show all of my friends the rooftop," Lada says, adding that one&nbsp;of those friends has since gone on to purchase an apartment at Tapestry.

"We were born two days apart, so we're already planning our birthday party on the roof!"

[smartcode_project:default project_id=108641 project_image_fid=192964]

After several years developing and building townhouses in Brisbane's inner-ring,&nbsp;<a href="/developers/siera">Siera Property Group</a>, led by UDIA Board Member Brent Thompson, made the move to the Gold Coast.

Tapestry was its debut apartment development. It has 113 apartments across a 22-level building designed by BDA.

Siera is concurrently developing <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> in <a href="/developments/bilinga-qld-4225">Bilinga</a>, which will be complete early next year, while they are preparing to launch another apartment development on <a href="/new-apartments/exhale-surfers-paradise">Enderley Avenue</a>, just off Northcliffe Beach.

Lada took part in Urban's <a href="/news/buyer-qa">Buyer Q&amp;A series</a>, which focuses on the driving factors behind&nbsp;buying off the plan&nbsp;property in Australia.

[smartcode_project_cta:default project_id=108641]

"There's no better feeling than knowing what you own is new and hasn't been used by someone else."

The "never lived in" appeal for Gold Coast downsizer at Tapestry, Chevron Island: Urban Buyer Q&A

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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