TWT Property Group has secured over $30 million worth of sales at the first release of its new Crows Nest masterplanned community, The Collective.

Locals drove demand for the first release of just 25 apartments, with 60 per cent of them snapped up on the opening weekend.

<a href="/project-marketer/belle-property">Belle Property</a>&nbsp;International's Murray Wood said younger couples and downsizer owner-occupiers were among the first buyers.

"The enthusiasm we’ve seen on day one confirms that there’s a real appetite for boutique-style residences in this area," Wood said.

"Buyers are very keen to secure a foothold in <a href="/developments/crows-nest-nsw-2065">Crows Nest</a>, especially given the new Metro station's convenience. The market is showing resilience, and these sales reflect strong confidence in premium, well-connected developments like <a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>."

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Prices for the one-bedroom apartments start from $935,000, with two-beds from $1.48 million and three-bedrooms from $2.3 million. The exclusive four-bedroom apartment start at $3.05 million.

The larger two and three-bedroom residences have been the most sought after, particularly by owner-occupiers seeking generously proportioned, well-designed spaces, Wood added.

"The lifestyle-oriented location, combined with a two-year completion horizon, is giving families time to plan their moves."

The newly operational Crows Nest Metro station has been a clear drawcard for buyers, with several purchasers highlighting the Metro as a ‘game-changer’ for their next property move.

[smartcode_project:default project_id=94318 project_image_fid=294220]

Gavin Zhang, General Manager of <a href="/developers/twt-property-group">TWT Property Group</a>, said after 10 years of planning and development, it was "fantastic to see such strong interest in The Collective."

"We’ve been confident that this project would be a great addition to the neighbourhood, and the results speak for themselves," Zhang says.

"The broader vision for this development is not just about creating high-quality residences, but also fostering a community-focused, arts-inspired precinct that will be a landmark for years to come."

The first stage of the masterplan will feature 3,000 sqm of commercial space, part of the 10,000 sqm of commercial space that will be on offer across the total 1.3-hectare development.&nbsp;

[smartcode_project:default project_id=94318 project_image_fid=293333]

Wood suggested the&nbsp;outlook for The Collective and the surrounding area remains optimistic.

“With escalating land values in Crows Nest and limited new supply, we would expect The Collective to perform well in the long term,”&nbsp;he said.

"We’ve provided detailed, local sales evidence that clearly shows The Collective is well-placed in terms of value. I even told one buyer, ‘If you find another property in this location, with this level of quality and pricing, I’ll buy it myself!’ That’s how confident we are."

While The Collective is technically within <a href="/developments/st-leonards-nsw-2065">St Leonards</a>, its location on the northern side of the Pacific Highway places it closer to the established, thriving hubs of Crows Nest and Naremburn.

[smartcode_project:default project_id=94318 project_image_fid=294224]

With the first stage well underway,&nbsp;<a href="/builders/westbourne-constructions">Westbourne Constructions</a>&nbsp;anticipates completion of the first stage in Q3 2026.

<a href="/architects/team2-architects">Team2</a> and <a href="/interior-designers/dbi">DBI</a>&nbsp;are the architectural and interior design team behind the project, while artist&nbsp;Mel O’Callaghan,&nbsp;globally known for her large-scale vibrant artworks, has created a 22-metre piece titled 'Vertical Flow’ that will sit within the façade of the building.

[smartcode_project_cta:default project_id=94318]

The larger two and three-bedroom residences have been the most sought after, particularly by owner-occupiers seeking generously proportioned, well-designed spaces.

Joel Robinson

Local apartment buyers snap up The Collective, Crows Nest on weekend launch

Gordon Corp has again teamed up with the Mathieson family as they unveil plans for their latest luxury Gold Coast apartment development.

They've joined the hot <a href="/developments/palm-beach-qld-4221">Palm Beach off the plan apartment market</a>, lodging plans for <a href="/new-apartments/elle-on-jefferson-62-64-jefferson-lane-palm-beach-qld-4221">Elle on Jefferson</a>, a nine-level building at&nbsp;62-64 Jefferson Lane, just one row back from the beach.

The building, designed by Cottee Parker, comprises 47 two and three-bedroom apartments.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="e7bfc100-b6ed-4437-89ad-31e89058f43b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-13%20at%2012.41.07%E2%80%AFPM.png?VersionId=MAtUYadsbJZiLzfcWmTwG_BRG57ll0PO" />

The large 2,185 sqm site neighbours the&nbsp;Pavilions Palm Beach retail precinct.

Gordon Corp Sales and Marketing Director Lara Dimond said the&nbsp;vision for the project is to deliver a boutique development with a strong focus on wellness and liveability.

"We have been very deliberate in not pushing scale, or density,” Dimond said.

“The building includes 450 sqm of landscaped green space, equating to 20.6 per cent of the site. This focus on landscape extends to the very heart of the building itself, where a stunning atrium delivers cross ventilation and light throughout the building."

Dimond says the development is a complete lifestyle offering, with the beachfront&nbsp;less than 60m away and the retail and dining precincts&nbsp;on its doorstep.

The apartments start from 115 sqm and range in size to 275 sqm. Private resident amenities have been incorporated on the ground floor. There will be a 15m lap pool with day beds and cabanas, a wellness centre with cold plunge and a hot spa, as well as a sauna and steam room. The wellness centre will also feature a&nbsp;state-of-the-art gym.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="96fdf117-3edb-422b-a7ca-e6f6ed303bca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-13%20at%2012.41.12%E2%80%AFPM.png?VersionId=5cF3YeqXuFjY.l6sxCVUGYdBVfMWJNzf" />

Gordon Corp Managing Director, Tim Gordon, said the project was a welcome addition to the group’s growing residential portfolio, which includes the ultra-luxe The Mantaray Marina &amp; Residences – its first project with the Mathieson family - currently under construction on The Spit.

“Luxury isn’t just in the location, it’s in the detail, and we’ve have been able to channel the same elevated design approach from The Mantaray into our plans for Palm Beach,” Gordon said.

“Once this has progressed through the planning process, our intention is to break ground as swiftly as possible.”

<img alt="Gordon Corp" data-entity-type="file" data-entity-uuid="0f3505de-72c2-4e87-88a5-f6be333bc7b0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-13%20at%2012.41.43%E2%80%AFPM.png?VersionId=4TQw0JdakjuAS_BVfzxHNp7MQXpTZWIQ" />

Bruce Mathieson jnr. said Gordon Corp and the Mathiesons were aligned in their vision for ultra- luxe living in south-east Queensland.

“We are pleased to partner with Gordon Corp on another luxury project as we continue to redefine what it means to live on the Gold Coast,” Mathieson said.

“This project has outstanding potential and will truly stand out from the rest at its prime Palm Beach location.”

The Mantaray Marina &amp; Residences is being delivered by Multiplex and on track for completion in early 2026. The $300 million project represents the first new development on The Spit since Palazzo Versace, Sheraton Mirage and Mariner’s Cove more than 20 years ago.

It is also the first development to be delivered under The Spit Master Plan.

The Palm Beach apartment market has been running hot for several years, and has recently had another wave of development applications hit the table of the Gold Coast City Council.

Sherpa, one of the most active developers in Palm Beach, has <a href="/news/qld/first-look-sherpa-file-plans-for-first-gold-coast-apartment-development-under-new-flourish-brand">filed plans for Flourish on Sixth</a> which <a href="/new-apartments/flourish-on-sixth-ave-6-12-sixth-avenue-palm-beach">will have 94 apartments</a>.&nbsp;Builder developer 5Point is also doubling down on the suburb, seeking to <a href="/news/qld/5point-go-again-in-palm-beach-with-palm-shores-apartment-development">develop another luxury project</a> on Jefferson Lane.

First look exclusive: Gordon Corp team up again with Mathieson family and join booming Palm Beach off the plan apartment market

<a href="/developers/deicorp">Deicorp</a> has commenced construction on its latest project, Marquet &amp; Mary in Rhodes, with a traditional sod-turn and blessing event attended by key project partners.&nbsp;

The event marked the beginning of a significant development that will see the construction of a 42-level tower comprising 274 apartments, with a portion designated as affordable housing for essential workers.

<a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a>, located at the corner of Marquet and Mary streets, has been designed by <a href="/architects/fk-australia">Fender Katsalidis</a>&nbsp;who won a&nbsp;design excellence competition to take the artchitectural reins.&nbsp;

[smartcode_project:default project_id=141515 project_image_fid=287865]

The building will serve as a new landmark in the <a href="/developments/rhodes-nsw-2138">Rhodes</a> town centre, with its design emphasising elegant internal apartment planning, a tripartite vertical rhythm on the facade, and a human-scaled design for the podium.

The tower will offer one, two, and three-bedroom apartments with views ranging from the Sydney skyline to the east to the Blue Mountains in the west.&nbsp;

In addition to residential spaces, the development will feature a four-level podium with commercial and retail spaces, along with a rooftop terrace, a courtyard garden, and a new public plaza at the southern entrance.&nbsp;

The project is strategically located within walking distance of Rhodes Train Station and is directly connected to Rhodes Central shopping centre.

[smartcode_project:default project_id=141515 project_image_fid=287864]

<a href="/developers/deicorp">Deicorp</a> Chairman, Fouad Deiri OAM, highlighted the importance of collaboration in delivering projects of this scale and recognized the contributions of everyone involved in the project so far.&nbsp;

The Marquet &amp; Mary development is part of a larger effort by Deicorp, which currently has 3,200 apartments under construction across Sydney, to provide the homes and communities needed in the area.

The development's swift approval by Canada Bay City Council and the record-setting sales achievements underscore the project's significance in the region.&nbsp;

An 87 sqm two-bedroom apartment on the 30th level recently set a suburb record by selling for $1.72 million, driven by Deicorp’s reputation and the impressive views offered by the property.

Read more:&nbsp;<a href="/news/nsw/deicorp-set-new-rhodes-apartment-record-with-marquet-mary-sale">Deicorp set new Rhodes apartment record with Marquet &amp; Mary sale</a>

[smartcode_project_cta:default project_id=141515]

The project is strategically located within walking distance of Rhodes Train Station and is directly connected to Rhodes Central shopping centre.

Construction starts on Marquet & Mary apartments in Rhodes

Plans have been finalized for a towering green apartment building by Koichi Takada in Brisbane.

The development, at <a href="/new-apartments/25-mary-street-brisbane">25 Mary Street</a>, is to be developed by&nbsp;<a href="/developers/ks-property">KS Property</a>&nbsp;and will be one of the Queensland capital's tallest towers at 264 metres, only behind&nbsp;the Brisbane Sky Tower and The One Residences by Shayher Group.

The 71-level building by the&nbsp;renowned Japanese architect will home 527 one, two, three, and four-bedroom apartments and over 4,000 sqm of communal recreational space.

The design of the tower is inspired by natural forms, with the building's height evoking the image of a tree trunk rising into the sky, while the recreational levels are conceptualised as "nests" scattered throughout the structure.

<img alt="Inside Koichi Takada's designs for one of Brisbane's tallest apartment towers" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-02-07%20at%2010.06.52%20am.png?VersionId=AOihWxSl4StHqBaIHTx6ciUofXJjyOgH" />

Facilities on levels six and seven will cater to all residents, offering amenities such as a pet spa, yoga rooms, float therapy and a gym.

Higher up, on levels 23, 39, and 66, exclusive amenities will be provided for different apartment collections, including business centres, golf simulators, libraries, and private training rooms.

The podium and ground-level design also reflect the building's overall organic aesthetic, featuring cascading plants, green walls, and tactile materials that enhance the pedestrian experience.&nbsp;

The lobby will provide a generously proportioned, open space for residents and offer opportunities for passive surveillance of the street.

<img alt="Inside Koichi Takada's designs for one of Brisbane's tallest apartment towers" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-07%20at%2011.58.10%20am.png?VersionId=IXuU2rWmC0xhyCycGaUBTE6liEYi3P.y" />

The tower will sit on a 2,736 sqm site that spans 25 Mary Street and 98 and 98A Margaret Street, just two streets away from the Brisbane City Botanic Gardens and a short distance from Queens Wharf Brisbane.&nbsp;

The site is adjacent to the Unilodge campus apartment building, Metro 21 apartment building, and the 23-level commercial office building, Mineral House.

[smartcode_project_cta:default project_id=143854]

Plans approved for one of Brisbane's tallest apartment towers by Koichi Takada

North Shore development specialists, Harvie Group, has unveiled its latest development, in the heart of one of the area's most sought-after postcodes.

Harvie's new development is in <a href="/developments/pymble-nsw-2073">Pymble</a>, on the exclusive Telegraph Road, where they're set to deliver <a href="/new-townhouses/coachwood-pymble-76-telegraph-road-pymble">Coachwood</a>, a collection of just 10 townhouses that will cater for the local downsizer.

Three of the 10 townhouses have already been snapped up.

[smartcode_project:default project_id=146554 project_image_fid=296344]

Each townhouse has been designed by&nbsp;<a href="/architects/gelder-group-architects">Gelder Group Architects</a>&nbsp;and each offers three bedrooms and three bathrooms.

The design places a strong emphasis on entertaining, both indoors and outdoors.&nbsp;

The open-plan living areas, complete with a feature fireplace, create a seamless flow from indoor to outdoor entertaining spaces, where residents can enjoy patio and landscaped courtyards.

Each residence is also equipped with premium kitchen appliances, including a five-burner cooktop and a 90cm oven, while the bathrooms feature&nbsp;bespoke inclusions&nbsp;by&nbsp;<a href="/interior-designers/bentley-rd">Bentley Rd</a>&nbsp;such as custom-designed joinery, brushed brass fixtures, and heated towel railings.

[smartcode_project:default project_id=146554 project_image_fid=296345]

Some residences offer the buyer to include a private lift. Each townhouse has two secure parking spaces.

Located within walking distance of local shops and transport, Coachwood is well-connected while maintaining the tranquillity of its North Shore setting.&nbsp;

Telegraph Road is one of Pymble's best addresses, with nine sales above $5 million on the street in the last five years. The street record was set earlier this year when a 2021-built home sold for just over $8 million.

Builder <a href="/builders/dilcara">Dilcara</a> will commence construction of Coachwood in September.

[smartcode_project_cta:default project_id=146554]

Located within walking distance of local shops and transport, Coachwood is well-connected while maintaining the tranquillity of its North Shore setting. 

Harvie Group reveal rare new Pymble townhouse development, Coachwood

Development giant ALAND has stepped in to complete the construction of the final three buildings in Toplace's besieged Castle Hill apartment development, Skyview.

Two buildings in the five-building development at 51-53 Old Castle Road have been completed. The third is around 80 per cent complete, while buildings four and five are yet to come out of the ground, but the basement levels have been dug. <a href="/developers/aland">ALAND</a> will be rectifying any potential defects in the existing shared basement.

ALAND has been appointed following a comprehensive process by receivers KordaMentha to determine the pathway for the completion of the development. ALAND will now work closely with the Building Commission NSW to complete the construction of the Castle Hill complex.

ALAND Founder and Owner Andrew Hrsto says ALAND has a strong record of turning around challenging projects and transforming them into award-winning residential complexes in sought-after suburbs.

“ALAND maintains an end-to-end capability that uniquely positions us to take on these types of projects,” he said.&nbsp;

“Both KordaMentha and the Building Commission NSW clearly recognise our strong reputation, the quality of our product and our expertise and we are excited to drive this entire complex to completion.”

The complete development will provide a total of 964 apartments housing 2500 people, making a significant impact on the Sydney housing crisis.

Upon completion, buildings C, D and E at Castle Hill will be offered as build-to-rent homes and will dramatically increase rental property availability in North West Sydney with 532 apartments providing much-needed rental housing for 1500 residents.

ALAND has a long history, completing 100 per cent of projects for more than 20 years.

The company has recently been awarded an iCIRT Gold rating following a rigorous and independent review process to determine its capability, capacity and commitment. &nbsp;

<a href="/developments/castle-hill-nsw-2154">Castle Hill</a> has been in the news several times this week, with <a href="/developers/kassis-homes">Kassis Homes</a>, the developer behind <a href="/buildings/grand-reve-castle-hill-8-18-garthowen-crescent-castle-hill">Grand Reve</a> which is across the road from Skyview, securing a site next door and <a href="/news/nsw/reve-group-file-for-new-four-tower-development-in-castle-hill">filing for a four-tower masterplan</a>.

The complete development will provide a total of 964 apartments housing 2500 people, making a significant impact on the Sydney housing crisis

ALAND to deliver final three buildings in Toplace's Skyview apartment development in Castle Hill

AYA Penthouse, the largest single-level apartment in Bondi Beach, has just been sold for around $22 million, just a few weeks before its completion.

The four-bedroom, 353 sqm penthouse designed by world-renowned architect Koichi Takada, was sold by Eddie Mansour of Ray White Projects and Jeremy Wiesner of Wiesner Property, with Mansour saying the sale represents the highest price achieved for a&nbsp;non-beachfront facing apartment.

Wiesner said every square metre of the penthouse "goes above and beyond."

"The indoor/outdoor living areas, enhanced by Takada’s signature touches, were a major drawcard for buyers."

<img alt="" data-bit="iit" data-entity-type="" data-entity-uuid="" height="260" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdMv79gUyZ7n3JPiNgqgarE5g2M5exVS9VMG8tiAtFTH3W5x_g7pIekB1MCek1wYczR7tED6nj5x1t46mhGJ7kd6BGwK5S2cdSurjx7gY-U8tOowflzyiRsHgpRDd2cmk66OOFNqaGtIJ70gNnVQIR6i68F?key=MYjsndFdB7Y58ALwjMF-Xg" tabindex="0" width="602" />

The AYA Penthouse sits atop Aqualine, a boutique block of just 12 apartments at 45 Hall Street, developed by Moshav Financial.

Tal Silberman, group managing director of Moshav, said that he was incredibly proud of their group’s development, setting a new benchmark for luxury property.

“AYA Penthouse epitomises coastal luxury with its iconic location and innovative design,"&nbsp;Silberman said.

"This record-breaking sale is testament to the desirability of Bondi Beach and the appetite for truly magnificent design."

Buyers agent Will Roberts from Alsaker negotiated the sale on behalf of the Eastern Suburbs buyer.

Construction firm Lord Group is currently completing the final stages of the development.

The AYA Penthouse sits atop Aqualine, a boutique block of just 12 apartments at 45 Hall Street, developed by Moshav Financial

AYA Penthouse, Bondi Beach's largest single-level apartment sells for around $22 million

The tranformation of Crows Nest as one of the go-to suburbs on the Lower North Shore, is set to continue.

Leading property developer Third.i Group and joint venture partner Phoenix Property Investors have announced the launch of the first stage of Hume Place, its new four-building development above the recently opened Crows Nest Metro station.

The first stage of the development, <a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate at Hume Place</a>, will offer 130 one, two, and three-bedroom apartments designed by the&nbsp;internationally acclaimed architecture firm Woods Bagot.

<a href="/developments/crows-nest-nsw-2065">Crows Nest</a> has become one of the most connected suburbs in the Lower North Shore. Residents of Elevate couldn't be closer to the quiet, underground metro, which will take them to the CBD in just seven minutes, and to Chatswood in four.

[smartcode_project:default project_id=142550 project_image_fid=297877]

Woods Bagot handled both the exterior architecture and interior design of Elevate Hume Place, an apartment development that will cater to a variety of purchasers from first time owners and/or investors to downsizers and right sizers wanting to be close to the Crows Nest Village and all this has to offer in terms of lifestyle and amenity and importantly benefit from the long term value that the Metro stations will bring to property owners.

A recent global study of the impacts that Metro stations have on residential property ‘on’ or ‘directly next’ to metro stations show that properties can demand premiums ranging from 20 per cent to 30 per cent higher in value than neighbouring properties.

Importantly for&nbsp;investors, a metro can help secure 15 per cent to 20 per cent premiums in rents compared to similar properties in the area.

[smartcode_project:default project_id=142550 project_image_fid=297878]

Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place is set to redefine urban living in this part of Sydney.

"It's not only going to offer some of the best apartments ever released, Elevate is also a one-of-a-kind development in terms of the value the Metro will bring long term to its owners.

"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”.

[smartcode_project:default project_id=142550 project_image_fid=298039]

Third.i has appointed JLL Residential Project Sales as the project marketer and sales partner for Elevate.

Luke Billiau, Head of Capital Markets – Australia and New Zealand at JLL, said Elevate represents the future of integrated transport-oriented development.

"We're confident it will attract significant interest from both local and international buyers," Billiau said.

[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

Third.i to launch Crows Nest over-station development, Elevate Hume Place

Both Queensland locals, as well as those looking for an investment or lifestyle change from New South Wales, have showed the most interest in Morris Property Group's new Broadbeach apartment tower, Crest Broadbeach.

<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest</a>, well over 50 per cent sold, comprises 182 two and three-bedroom apartments designed by Guida Moseley Brown.

There will be a maximum of just five apartments per floor, with only three three-bedroom apartments per level on the building’s top three floors.

Residents will have access to extensive amenities on top of the building’s podium on level two, wrapped with terraces with seating and dining areas, featuring a pool, gym, lounge space and a communal barbecue area.

[smartcode_project:default project_id=112024 project_image_fid=241133]

Since the project launched late last year, traffic from New South Wales to Crest Broadbeach has been consistent, anywhere between 20 per cent to 35 per cent of total traffic.

While owner-occupiers have dominated sales at Crest, the opportunity to purchase owner-occupier-friendly stock in Broadbeach hasn't been lost on investors. Investors have consistently accounted for over 40 per cent of enquiry on Urban at Crest, higher than the Broadbeach average of 32 per cent across 2024.

Crest Broadbeach is one of the only developments around Broadbeach Park, at the northern end of Broadbeach, to be catering for a wider demographic. Several towers that are being marketed or are in planning are priced closer to $3 million.

Read more: <a href="/news/qld/why-its-all-about-broadbeach-still">Why it's all about Broadbeach...still</a>

[smartcode_project:default project_id=112024 project_image_fid=286004]

Crest sits on Armrick Avenue, one of three streets (Surf Parade and Chelsea Avenue), that front the 4.2-hectare Broadbeach Park, a sought-after spot given it means protected south and eastern views toward the beach and the ocean.

On top of the viewlines, Broadbeach Park is a drawcard by itself, home to&nbsp;Broadbeach Bowls Club, which has been there since the mid-1950s, several sports fields that are home to Broadbeach United Soccer Club, and the Broadbeach Life Saving Club.

There's also <a href="/developments/broadbeach-qld-4218">Broadbeach</a> Community kindergarten and a children's playground which draws the family buyer.

The Urban Community, who can vote on the key strengths of any given development, says the location, as well as floorplan designs, are the two biggest drawcards of Crest. Buyers also see good value for money in the development.

[smartcode_project:default project_id=112024 project_image_fid=286002]

Crest is MPG's ninth development in Broadbeach since the Canberra-based developer started developing in the Gold Coast in the late 1990s.&nbsp;

MPG also recently launched their eighth Broadbeach development to the market. The builder-developer waited until they've nearly completed construction before launching&nbsp;<a href="/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo Broadbeach</a>, just 16 half-floor apartments near the Gold Coast Convention and Exhibition Centre.

<a href="/developers/morris-property-group">MPG</a> is back to Broadbeach Park for their 12th Broadbeach development, which they're expecting to launch before the end of 2024.

Similar to Malo,&nbsp;<a href="/new-apartments/maison-broadbeach-22-chelsea-avenue-broadbeach">Maison Broadbeach</a>&nbsp;at 22 Chelsea Avenue&nbsp;will comprise just 22 three-bed apartments across a 25-level building, with the amenity located on the top floor.

[smartcode_project_cta:default project_id=112024]

The Urban Community, who can vote on the key strengths of any given development, says the location, as well as floorplan designs, are the two biggest drawcards of Crest.

Why both investors and owner-occupiers are targeting Crest Broadbeach apartments

Sherpa Property Group has revealed the first apartment development that will bring a more diverse buyer mix to one of the Gold Coast's most sought-after postcodes.

They've just filed plans for Flourish on Sixth, their first development under the Flourish brand which is committing to create a varied range of apartment configurations to a wide range of buyers.

<a href="/new-apartments/flourish-on-sixth-ave-6-12-sixth-avenue-palm-beach">Flourish on Sixth</a>, named after its prime location across a&nbsp;1618 sqm site at 6-12 Sixth Avenue, will comprise 94 one, two and three-bedroom apartments.

[smartcode_project:default project_id=146527 project_image_fid=296026]

By no means dense, the development offers the most apartments a new development has offered Palm Beach in several years, with the general focus over that time being on full-floor, beachfront luxury apartments.

The apartments, a maximum of nine per floor, will sit above three levels of basement with parking for 169 cars and 45 bicycles.

<img alt="Flourish" data-entity-type="file" data-entity-uuid="3bf480fa-3192-40e3-8d3e-c4dc6528a577" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-11%20at%2011.01.04%E2%80%AFAM.png?VersionId=dm3J37wyDENDAt1ZqzGLeJ90YNf_dNtj" />

MAS Architecture's Nick Symonds and Teneille Casa handled the design for the 13-level building, stating in the documents submitted to the Gold Coast City Council that the project is "positioned to capture the essence of Gold Coast living."

"The development’s proximity to the beach and key natural landmarks, combined with its connectivity to local amenities and the Gold Coast’s urban fabric, positions “Flourish on Sixth” as a prime residential offering in Palm Beach.

"The tower’s design is intended to complement the coastal environment while providing residents with expansive views and a seamless connection to the outdoors."

[smartcode_project:default project_id=146527 project_image_fid=296030]

There will be a rare opportunity to buy a one-bedroom apartment in the building. There are 10 one-bedroom units, that are expected to be snapped up by first home buyers or investors, as well as 60 two-beds, 22 three-beds, and two penthouses.

Crowning the building will be a resident pool, two barbecues with alfresco spaces, as well as day beds and private garden retreats enveloped in landscaping by RPS.

Anchoring the building at street level will be a commercial space pitched at being either an office, food and beverage space, or a shop.

The development will rise 39 metres, inline with the height limits imposed on Palm Beach and making the development code assessable, meaning it will likely go through the application process much quicker than developments that try and justify an increase in height.

<img alt="Sherpa" data-entity-type="file" data-entity-uuid="7839cc35-4b5d-49b8-a7be-465e7cf6e56d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-11%20at%2011.01.15%E2%80%AFAM.png?VersionId=qrFhZw_UMfYw2sWO30yTF6H4PTBU4BFR" />

When <a href="/news/qld/sherpa-launch-new-brand-collection-flourish-to-cater-for-wider-buyer-spread">announcing the new Flourish brand</a>, Sherpa General Manager Daniel Clarke said&nbsp;Flourish represents their dedication to creating communities where residents can thrive.

"This development is about more than just housing; it’s about offering well-located, thoughtfully designed homes with excellent communal facilities that enhance residents’ quality of life," Clarke said.

“Our goal is to empower our residents with the environment and tools they need to flourish personally and financially, staying true to our core principles of innovation, value, less ismore, and customisation.”

[smartcode_project_cta:default project_id=146527]

MAS Architecture's Nick Symonds and Teneille Casa handled the design for the 13-level building, stating in the documents submitted to the Gold Coast City Council that the project is "positioned to capture the essence of Gold Coast living."

First look: Sherpa file plans for first Gold Coast apartment development under new Flourish brand

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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