In Australia, capital city markets typically quieten down over winter as developers, agents, and prospective buyers gear up for the spring and summer selling seasons.

That's not the case in the Gold Coast however. In fact, it's the complete opposite.

Especially since the pandemic, the Gold Coast garners national attention during the colder months, more so than the entire year, except perhaps for the Christmas holiday season in December and January.

Developers are acutely aware of the limited apartment supply on the Gold Coast and are poised to bring apartments to market as soon as they can.

We've compiled a list of the top apartment developments to watch for in the second half of 2024

<h2>Who: Siera Group</h2>

<h2>Where:&nbsp;8 Enderley Avenue, Surfers Paradise QLD 4217</h2>

<h2>What: 54 two and three-bedroom apartments</h2>

Burgeoning apartment developer Siera Group will launch its third local apartment development since breaking onto the Gold Coast development scene in 2021 with their debut project Tapestry.

Siera Group, led by founder and managing director Brent Thompson, is gearing up the launch of its <a href="/new-apartments/exhale-surfers-paradise">Enderley Avenue project</a>, just off Northcliffe Beach. The approved project designed by <a href="/architects/bda-architecture">BDA Architecture</a> will comprise 54 apartments across a 25-level building, a maximum of three apartments per floor.

[smartcode_project:default project_id=112661 project_image_fid=283645]

There will be two levels of amenity, with the lower level hosting a communal mezzanine with a spa, gym and sauna, and the upper level with a lap pool with pool deck, barbecue alfresco space, a private dining area with a bar and cellar room, a games room, and a space with work from home facilities.

Thompson believes the majority of buyers at Enderley will be local downsizers.

"We want to really elevate the liveability factors of an apartment for a downsizer, and we think, on top of larger sized apartments with good design, we can do that with extensive amenity," Thompon says.

<h2>Who:&nbsp;Aniko Group</h2>

<h2>Where:&nbsp;14 Seaview Avenue, Mermaid Beach QLD 4218</h2>

<h2>What: The Landmark - 821 one, two, three and four-bedroom apartments across four towers</h2>

The much anticipated $2 billion, four-tower Mermaid Beach precinct by&nbsp;<a href="/developers/aniko-group">Aniko Group</a> is expected to be available to buy into this year.

The precinct-style development, dubbed&nbsp;<a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The Landmark</a>, will spread across a prime 1.1-hectare site&nbsp;on the corner of the Gold Coast Highway and Seaview Avenue. It will comprise residential, hotel, retail, hospitality, and commercial spaces, as well as significant amenities for future residents.

<img alt="Aniko Group plot launch of four-tower Mermaid Beach development The Landmark after council approval" 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/field/image/Screenshot%202023-12-21%20at%208.52.38%20am.png?VersionId=LH3TYGiiRfDZ_P4X1joSmzWrL82.4xhs" />

The Landmark, designed by Plus Architecture, will deliver a collection of 821 apartments, over 10,000 sqm of A-grade commercial office and medical space and a vibrant new casual fine dining and beverage precinct on the ground floor.

<a href="/developers/aniko-group" target="">Aniko</a>’s vision for&nbsp;The Landmark&nbsp;is to create a new lifestyle and tourism heart for&nbsp;<a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>&nbsp;that will leverage its prime location as the southern gateway to the heart of the Gold Coast’s bustling central beachside suburbs.

<a href="/developers/aniko-group">Aniko Group</a>&nbsp;Managing Director&nbsp;George Mastrocostas said The Landmark&nbsp;will have every conceivable amenity on site for residents, hotel guests and office tenants while being just a short walk to everything that&nbsp;<a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>&nbsp;and nearby&nbsp;<a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>&nbsp;have to offer.

“Residents will have access to facilities they are more likely to find in a holiday resort while hotel guests will have ready access to everything the Coast has to offer from the beach to shopping and theme parks.”

<h2>&nbsp;Who: Macquarie York</h2>

<h2>Where:&nbsp;50 Sunset Boulevarde, Surfers Paradise QLD 4217</h2>

<h2>What:&nbsp;42 two and three-bedroom apartments</h2>

Roy Skaf's <a href="/developers/macquarie-york">Macquarie York</a> will launch its Sunset Boulevarde tower later this year, having secured approval for the riverfront building in April.

The 17-level tower at 50 Sunset Boulevarde, a 1,057 sqm riverfront block on the Nerang River facing <a href="/developments/chevron-island-qld-4217">Chevron Island</a>'s Home of The Arts building, will home 42 two and three-bedroom apartments, as well as a three-level, four-bedroom penthouse.

<img alt="Macquarie York secure approval for new Surfers Paradise apartments" 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/field/image/50%20Sunset%20Bvd%20Surfers%20Paradise.jpg?VersionId=AtiCmJhE3qMpYlsaNO7Zgpi4uhAhzJHJ" />

Each floor up to level 15 will accommodate just three apartments, varying in size from 96 sqm to 129 sqm.&nbsp;

Among the amenities planned for residents is a dedicated recreation level on the second floor boasting a swimming pool, lounge area, BBQ space, gym, sauna, steam room, and work-from-home office space complete with desks and a boardroom.&nbsp;

<h2>Who:&nbsp;Amalgamated Property Group</h2>

<h2>Where:&nbsp;42-46 Chelsea Avenue, Broadbeach QLD 4218</h2>

<h2>What:&nbsp;Affinity Broadbeach - 185 two and three-bedroom apartments</h2>

The Canberra-based apartment developer <a href="/developers/amalgamated-property-group">Amalgamated Property Group</a> is looking to launch its second Broadbeach apartment development.

Currently building Amaya on First Avenue, APG has its sites set on revealing its next tower, <a href="/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity Broadbeach</a>.

The 1,820 sqm Chelsea Avenue site, just 700 metres from&nbsp;Nikiforides Park was bought from Raptis with approval for a 41-level Archidiom-designed tower with 180 apartments.

APG has tweaked the plans, bringing in DBI to change the product mix, instead now offering 148 two-beds and 37 three-bed apartments, a total of 185 apartments.

The recreational amenities for residents will be situated on the fourth level, offering a range of facilities such as a swimming pool, residents' lounge, community living area with barbecue and outdoor dining space, gardens, gym, sauna, and a yoga/meeting room.&nbsp;

<h2>Who:&nbsp;Pyco</h2>

<h2>Where:&nbsp;10 Churchill Street, Coolangatta QLD 4225</h2>

<h2>What:&nbsp;Kirra Beach Residences - 97 two and three-bedroom apartments</h2>

The Brisbane-focussed developer&nbsp;<a href="/developers/pyco-group">Pyco</a>, is breaking into the Gold Coast with its maiden apartment development, Kirra Beach Residences.

Pyco Founder Lachlan Cottee says the project, 97 apartments across a 14-level building just one row back from Kirra Beach, will launch later this year. The owner-occupier development, made up of 79 three-beds and 18 two-beds, is set to be incredibly popular in an area that has been starved of supply.

<img alt="First look exclusive: Coolangatta's newest apartment tower plans revealed" 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/field/image/Screenshot%202024-01-19%20at%2012.10.00%20pm.png?VersionId=dCEUdKyBg9TUoWj3pxsC_2vFf713_bmn" />

The three-bedroom apartment sizes start from 113 sqm.

The resident amenity on the ground floor, set back from the street and elevated, includes a swimming pool, gym, sauna, resident work from home office space, and a media room.

Pyco has amalgamated four sites,&nbsp;10 and 12 Churchill Street, 17 Miles Street and 51 Winston Street, to create the 2,044 sqm site for the project.

Architecture firm DAHA said in their design statement submitted with the application to the Gold Coast City Council that their approach creates a space that complements the natural beauty of the Gold Coast landscape whilst elevating the experience of beachside living.

<h2>Who: Ignite Projects</h2>

<h2>Where: 1177 Jefferson Lane, Palm Beach</h2>

<h2>What: 36 two and three-bedroom apartments</h2>

Ignite Projects will be ready to launch its latest <a href="/developments/palm-beach-qld-4221">Palm Beach</a> beachfront development in the coming months, having recently acquired a prime 1,600 sqm site and submitted a code-assessable development application for a new nine-level apartment building on the Jefferson Lane dress circle.

Ignite, led by Josh Foote, is seeking to create 36 high-end apartments, akin to Cabana Palm Beach, Ignite's last Palm Beach project.

There will be four two-bedroom apartments and 32 three-beds, 31 of which have an additional multi-purpose room.

<img alt="First look exclusive: Ignite Projects head back to Palm Beach beachfront with latest apartment development" 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%202024-06-20%20at%207.26.44%E2%80%AFPM.png?VersionId=CZuDywsZQrYWUhs0AQCDq0wZEmtuoWxr" />

"Cabana was so well received, it would have been silly to not take the opportunity to recreate something similar when we know that market so well," Josh Foote said.

"We've had Plus come in and create a facade that is something fresh and challenges convention a little compared to what's come before in the area."

Ignite is bringing construction in-house for the project, with construction commencement expected in early 2025.

Joel Robinson

The Gold Coast's hottest apartment developments set to launch in H2 2024

Before the onset of COVID-19, Chevron Island's newest apartment development would have been at least two decades old.

Fast forward four years, and some reputable apartment developers later, the small island just a bridge away from Surfers Paradise, is absolutely booming.

The island broke headlines in 2017 when Melbourne-based developer Bensons Property announced it was going to develop Chevron One, a 40-level tower on Stanhill Drive. The under-construction tower will be the only skyscraper on the island, following a change in planning laws shortly after the approval.

[smartcode_project:default project_id=6515 project_image_fid=167320]

But the island didn't truly boom until a few years later, around the opening of the Home of The Arts (HOTA) Gallery, located just across the green bridge from Chevron Island and the cultural hub of the Gold Coast. With the new gallery came&nbsp;The Exhibitionist Bar on the Gallery Rooftop, Palette Restaurant, and a new HOTA Shop.

Further investment by the Gold Coast City Council will bring a new&nbsp;1800-seat lyric theatre to the precinct, as well as a refurbishment of the current 800-seat theatre.

Apartment developers took note of the activity on the island and the surrounding area, and buyers have responded in a big way.

Brent Thompson's Siera Group made <a href="/developments/chevron-island-qld-4217">Chevron Island</a> home for their first <a href="/new-apartments/gold-coast-qld">Gold Coast</a> apartment development.

Thompson, who had been scoping out the Gold Coast market for 18 months before purchasing a prime 1500 sqm site on Darrambal Street, had a string of boutique townhouse and apartment developments in Brisbane's inner-ring suburbs to his name before moving Siera south.

"We have always built in-house, so it was really more about building a team of experienced high-rise staff to deliver Tapestry as we always have as builder/ developer," Thompson says.

On submitting plans for Tapestry in 2021, Thompson said <a href="/developments/chevron-island-qld-4217">Chevron Island</a>&nbsp;has a "great local community".

"It's a tight-knit community, while being ideally located just a five-minute walk from the international tourist hub of Surfers Paradise."

Thompson kept everything local when he submitted plans for Tapestry, a 22-level arts-inspired apartmet project designed to be in keeping with&nbsp;Chevron Island’s growing standing at the cultural arts hub of the Gold Coast. He had the local BDA Architecture team undertake the design, while also commissioning a piece from local artist Tania Blanchard that will hang in the lobby when the building is completed.

Tapestry will home 113 two and three-bedroom apartments with an impressive rooftop comprising a swimming pool, barbecue and alfresco space, a private dining room with a terrace and fire pit, an edible garden, a private gym with a sauna and steam room and landscaped gardens.

[smartcode_project:default project_id=108641 project_image_fid=192964]

“After all the research and understanding&nbsp;<a href="/developments/chevron-island-qld-4217">Chevron Island</a>&nbsp;as a whole, it really felt like it was the perfect place to deliver a project like&nbsp;<a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island" target="">Tapestry</a>, where we’ve created this phenomenal amount of amenity and beautiful residences that locals will be able to move into and downsize," Thompson said.

Siera Group recently brought construction in-house and kicked off the build at Tapestry, which is expected to complete in late 2025.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Another reputable builder developer on the island is Aniko Group, who has a strong track record of delivering qualiy on a Gold Coast island before. They've previously developed over $400 million worth of apartments and townhouses on Hope Island.

Aniko's construction arm will be completing their Chevron Island apartment development, Orama, in late 2025. A similarly impressive rooftop to Tapestry, Orama will have 102 two and three-bedroom apartments designed by Plus Architecture. The project is currently over 80 per cent sold.

[smartcode_project:default project_id=111898 project_image_fid=240584]

When Aniko secured the Weemala Street site, Aniko Founder George Mastocrastas said they wanted to create something that was "in keeping with the community fabric of the island suburb."

“Chevron is just a short walk to Surfers Paradise, the beach, the Gold Coast’s cultural heart and all the amenities the central Gold Coast has to offer. It’s both laid back and sophisticated at the same time."

[smartcode_project:default project_id=111898 project_image_fid=209597]

Another local developer Sherpa Property Group, also recently launched Perspective Helm, the most boutique apartment development on the island.

The waterfront building on Stanhill Drive comprises just 10 three and four-bedroom residences, a mix of apartments and villas, that start from $4 million. Some of the residences have their own private marina berth.

Chevron Island's boom has been reflected in enquiry data collected by MatterFact, the data product from Apartments.com.au. The data shows that the average price per square metre has skyrocketed over the last three years, increasing between 35 to 50 percent in most cases.

In 2022, the average price per square metre for two-bedroom apartments was $8,200. This figure jumped to $9,900 in 2023 and currently sits closer to $11,000 in 2024.

Three-bedroom apartments saw a similar increase, rising from $8,900 in 2022 to $11,200 in 2023, and further to $13,200 in 2024.

Chevron Island's boom has been reflected in enquiry data collected by MatterFact, the data product from Urban.com.au

From sleepy village to the cultural hub of Surfers Paradise: Inside the growth of Chevron Island

Josh Foote's Ignite Projects is heading back to the Palm Beach sand, filing plans for its latest luxury beachfront project.

Having acquired a development-approved site a few months ago from GV Property Group, <a href="/developers/ignite-projects">Ignite</a>, who has had success on the <a href="/developments/palm-beach-qld-4221">Palm Beach</a> beachfront previously with Cabana, has scaled back plans to be more in keeping with the Palm Beach beachfront.

Now on the desks of the Gold Coast City Council is <a href="/new-apartments/retreat-palm-beach-1177-jefferson-lane-palm-beach-qld-4221">Retreat Palm Beach</a>, a nine-level building by Plus Architecture with 36 apartments. There will be four two-bed apartments and 32 three-beds, 31 of which also have a multi-purpose room.

<img alt="Palmie" data-entity-type="file" data-entity-uuid="ce60f9fb-2dc7-4da7-aee6-689894d8658f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-20%20at%207.26.44%E2%80%AFPM.png?VersionId=CZuDywsZQrYWUhs0AQCDq0wZEmtuoWxr" />

Josh Foote told Urban the new project will follow the same blueprint as Cabana, 30 apartments up the road that was one of the fastest selling developments in the Gold Coast in 2021.

"Cabana was so well received, it would have been silly to not take the opportunity to recreate something similar when we know that market so well," he said.

"We've had Plus come in and create a facade that is something fresh and challenges convention a little compared to what's come before in the area."

One of the key focuses for Foote is on the communal area on the ground level.

"We want this space to become an urban retreat for residents, within the confines of the building.

"Of course one of the biggest drawcards will be the proximity to the beach, but we want this space to act as a retreat from the beach. "The design will evoke a Mediterranean day spa ambiance, characterised by organic and natural elements, featuring a sculpted lagoon pool and floating day beds."

<img alt="Palmie" data-entity-type="file" data-entity-uuid="f1aef654-cf06-48e0-9119-678ec0586b6c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-20%20at%207.26.40%E2%80%AFPM.png?VersionId=wtQjhnbEIOUZaTHg4Nsc1KWPCjCMv_yh" />

Much like several developers on the Gold Coast who are wanting to avoid any problems with construction, Foote will be bringing construction in-house for the new project.

"It's a matter of wanting to control the quality and delivery from concept to completion," Foote says, adding that they'll be ready to start construction in early 2025. Sales and marketing is expected to commence in Q3 2024, with the new development application code-assessable so it should fly through its approval process.

"We considered numerous elements before finalising the layout of the floor plans to ensure the best possible outcome,"&nbsp; Foote says.

"It ticks a lot of boxes for downsizers."

<img alt="Ignite" data-entity-type="file" data-entity-uuid="b83d81b3-ae34-4cef-a16e-cf754be4f84f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-21%20at%204.21.17%E2%80%AFPM.png?VersionId=uCmQTal2UbrqqeCbIwWYBqCw8crZgdsk" />

GV Property Group's Luke Reaby says there aren't many more opportunities to create a project of the scale of this one, namely due to the fact the lack of supply coming to the market, as well as the ability to amalgamate a site of this size.

"We're in constant communication with every owner on the beachfront and Jefferson Lane and believe these sites will become more scarce everyday, especially four blocks in a row like this one," Reaby says.

"We sold the unit block then approached the neighbours to the north to make the site larger which has allowed for a better scheme to be put to Council."

Reaby says there were multiple offers from local developers, as well as a consortium of investors from the local area who looked at it as a landbanking opportunity.

Ignite is taking the wraps off its luxury Main Beach apartment development, The Monaco, just 24 half and full-floor apartments that sold out with an average sale price of $4.6 million.

Josh Foote told Urban the new project will follow the same blueprint as Cabana, 30 apartments up the road that was one of the fastest selling developments in the Gold Coast in 2021.

First look exclusive: Ignite Projects head back to Palm Beach beachfront with latest apartment development

The Gold Coast’s super tight A-grade office market is about to get a major boost as Aniko Group gears up for construction of its $2 billion mixed Mermaid Beach project The Landmark, with the development set to deliver the equivalent of more than a year’s worth of supply.

<a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The Landmark</a>, a mixed-use project set to rise on a 1.13 hectare site bounded by Seaview Avenue and the Gold Coast Highway, will create up to 11,000 sqm of office space in the sought-after central Gold Coast market and provide the largest injection of new office space to the city since The Oracle was completed 14 years ago.

The development has been hailed a welcome relief by the real estate industry as vacancy rates on the Gold Coast, particularly A-grade stock, plumb record lows.

The most recent analysis by <a href="/project-marketer/colliers">Colliers</a> showed that net absorption of office space in the six months to January hit 4,490sqm, with A-grade properties recording the highest level of demand.

Based on the latest net absorption rate, The Landmark will deliver more than a year of supply to the Gold Coast market which saw vacancy rates fall to 6.4 per cent in January across the broader market. A-grade space went even lower to 3.3 per cent.

“The landmark represents one of the biggest injections of office space in the Gold Coast market for more than a decade,” said Colliers <a href="/developments/gold-coast-qld">Gold Coast</a> director-in-charge Steven King.

“It comes amid an acute shortage of new office developments across the city due to higher construction costs, labour shortages and increased borrowing costs.&nbsp;

“In a single hit, The Landmark will open up more opportunities for businesses to secure A-grade space close to key transport nodes in the central Gold Coast precinct.”

<img alt="Aniko Group’s $2 billion The Landmark" data-entity-type="file" data-entity-uuid="efc3bd58-d7af-42ea-bad5-24ac76444a80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/JPEG_aerial_aniko_masterplan_3_3d_render_by_volumevision_0.jpg?VersionId=fzINNskxAAwXg7dFiP17u7opSxDC.BWW" />

Positioned prominently at the entrance to the iconic Pacific Fair Shopping Centre, The Landmark will be supported by easy access to the Broadbeach South light rail station and bus interchange to create an uber-connected community and support a new urban heart for <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach</a>.

Gold Coast A-grade stock comprises a total area of 87,203 sqm out of the city’s total estimated office space of 460,510 sqm. With 11,000 sqm being added by The Landmark, the development will boost the city’s A-grade offering by almost 14 per cent and see it as the second largest office tower behind 50 Cavill Avenue.

“Tenants have been crying out for A-grade space amid the continued migration of business owners to the Gold Coast and the expansion needs of existing businesses,” King added.

“With the rate of net absorption of space at present, this project will add more than a year’s supply of much-needed A-grade space and alleviate some of the shortages the market has been experiencing.”

Despite the impact of higher interest rates on the Australian economy, the Gold Coast office market remains robust, thanks to continued strong population and business growth, <a href="/project-marketer/cbre-residential-australia">CBRE</a> predicts that Gold Coast office vacancy will remain at one of the lowest rates in the country.

“The Gold Coast office vacancy rate could fall to 2-3 per cent by 2025. We desperately need more A-grade office space and have been waiting for this supply since Oracle in Broadbeach was introduced to the region 14 years ago,” said Tania Moore, senior director of investor leasing of CBRE Gold Coast.

CBRE’s Gold Coast Office Market Report revealed that the city’s vacancy rate remains one of the tightest in Australia, at just 6.4 per cent.

The Gold Coast’s supply pipeline will be limited over the next few years due to high interest rates, construction costs, delays and labour shortages restricting construction, said the report.

“The central Gold Coast is desperate for major A-grade office space, as the region continues to grow and evolve into a corporate nucleus with tenant demand focussed on a high-quality building quality and amenities,” Moore said.

“Aniko Group’s vision will also incorporate a number of incredible value adds to the office precinct with close proximity to the new international restaurants and retail precinct that will be a feature of The Landmark.”

<img alt="Aniko Group’s $2 billion The Landmark development" data-entity-type="file" data-entity-uuid="e4875d6a-6e71-4bf0-9a51-9480e3748f49" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/JPEG_streetscape_seaview_ave_3d_render_by_VV.jpg?VersionId=ELNdTpQwNPgalqz7dQnZTQphCVZQB9Ei" />

The Landmark, a four-tower mixed-use project, is primed to unlock new residential and commercial opportunities with a design that will create an iconic southern gateway to Broadbeach.

<a href="/developers/aniko-group">Aniko Group</a>, which plans to undertake the project in stages, has laid plans for three residential towers of 25, 30, and 40 storeys, in addition to a 53-level tower featuring a mix of hotel suites and private hotel-branded residences.

The project’s activated space will be dominated by a sprawling 1ha recreation podium in addition to a commercial precinct comprising A-grade offices, medical services and a ground floor retail and dining precinct.&nbsp;

The prime location of The Landmark will provide office occupants with an enviable office space, but more than this, it is idealistically positioned with the best of world-class amenities including international retail and dining precincts surrounding the project.

“Our vision for The Landmark is to create a self-sustained urban village in Mermaid Beach that is a natural extension of the commercial heart of the city,” said Aniko Group managing director George Mastrocostas.

“The office component is integral to enhancing the activated space where tenants can enjoy all that this world-class precinct will have to offer.

“We’re proud to be at the forefront of enhancing the Gold Coast’s commercial landscape with The Landmark. This development not only addresses the urgent demand for premium office space but also sets a new standard for urban living and working in the region”.&nbsp;

Aniko Group is planning to make a start to construction of The Landmark by the end of this year.

[smartcode_project_cta:default project_id=134338]

Aniko Group, which plans to undertake the project in stages, has laid plans for three residential towers of 25, 30, and 40 storeys, in addition to a 53-level tower featuring a mix of hotel suites and private hotel-branded residences

Aniko Group’s $2 billion The Landmark to add a year’s supply to Gold Coast office market

Rafi Assouline's&nbsp;HSN Property Group&nbsp;is set to develop a striking new apartment development in Woollahra.

HSN, who has its own building arm, is seeking to develop a seven-level building at <a href="/new-apartments/370-edgecliff-road-edgecliff">370 Edgecliff Road</a>, a site that had previously been earmarked for a new development by TOGA.

The new $23 million development, near the Wolper Jewish Hospital and Matt Moran's The Chiswick, will comprise just 19 two and three-bedroom apartments, four of which will be reserved as affordable housing.

Currently on the site is a three-level, 16-apartment building.

<img alt="HSN" data-entity-type="file" data-entity-uuid="7f4c3d28-097d-4d69-8923-dd72967a45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-20%20at%204.03.55%E2%80%AFPM.png?VersionId=4Kcexgbg2vsXW725vpl6IAnhw7KDOWkP" />

<a href="/architects/pbd-architects">PBD Architects</a>&nbsp;has drawn up the plans for the building that "aims to blend with the existing streetscape of Edgecliff Road, incorporating heritage-style elements with a contemporary approach characterised by a symmetrical design, grounded columns, natural stone and zinc for the façade to create a timeless aesthetic."

Designed to meet the needs of medium-sized families and downsizers from the local area, the north-facing apartments range from 105 sqm to 191 sqm.

The landscape design, by Danger Barin Smith, reflects the ecological character of Woollahra, using a mix of species to provide privacy and seasonal shading.&nbsp;

A concierge lobby will enhance residents' sense of community and security.

<a href="/developers/hsn-property-group">HSN Property Group</a> will also employ sustainable initiatives, including using energy-efficient appliances, and low-maintenance materials, and providing on-site facilities for recycling and rainwater reuse.&nbsp;

First look exclusive: HSN submit plans for $23 million Woollahra apartment development

Eastern Suburbs developer Orosi is taking on its largest project to date, filing plans for a new shoptop development in the gateway to Rose Bay.

It was last year that <a href="/developers/orosi">Orosi</a>, led by Founder and Managing Director Hamid Samavi, secured the vast 3,000 sqm site, a two year-long amalgamation of several lots over The Avenue, Old South Head Road and William Street. Now they've submitted plans to the Waverley Council for a mixed-use development that will be the biggest development Rose Bay has seen in years.

Samavi told Urban the vision is to create an iconic landmark that serves as a welcoming gateway to <a href="/developments/rose-bay-nsw-2029">Rose Bay</a>.

"<a href="/new-apartments/orosi-rose-bay-1-the-avenue-rose-bay">OROSI Rose Bay</a> will set a new benchmark for architecture and sustainability in The Eastern Suburbs, featuring state-of-the-art facilities and curated retail spaces, including a Kosher café, an organic restaurant, and Sydney’s most iconic wellness centre," Samavi said.

<img alt="Orosi" data-entity-type="file" data-entity-uuid="0e8033e8-04b8-41f8-8d95-f5eaff6a4a15" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-19%20at%201.06.48%E2%80%AFPM.png?VersionId=knJBmXTBWJMvkbIIAMsO6wyjiol1ZWwp" />

The integrated developer, who serves as both the architect and builder of its projects, designed the building to offer 50 apartments spanning across a structure that ranges from four to five levels.

There will be 34 two-bedroom apartments and 16 three-bed apartments.

"The apartments are on the larger side, so they will suit a wide range of demographics, not just downsizers."

The building,&nbsp;across the road from the Royal Sydney Golf Club, will be divided into two adjacent, inter-connected buildings to reduce its overall bulk, setting back the development from The Avenue and William Street boundaries.

<img alt="Orisi" data-entity-type="file" data-entity-uuid="3f31d8ea-1711-489a-98aa-878f20f4fdb3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-19%20at%2010.47.09%E2%80%AFAM.png?VersionId=BpcL219t1ZQqAQGQNcW92WdnGlhJp8I4" />

OROSI Rose Bay will replace a mix of commercial and residential properties from the mid to late 20th century.

Urbis said the demolition of all structures within the subject site would provide the opportunity for a cohesive, contemporary new development that complements the surrounding streetscape.

"The proposal would revitalise the site with new opportunity for residential, commercial and retail spaces, and reactivate the Old South Head Road street frontage with a cafe, restaurant, and a modest commercial space," Urbis noted in their submission.

"The proposed new mixed-use development has been designed to be complementary to the existing character of the surrounding streetscape, including its height, built envelope, inclusion of greenery and landscaping, utilisation of the existing slope, colour palette and finishes."

Orosi's push for a bakery-style cafe stems from the site's long history of having a bakery presence, dating back over a century.

<img alt="Rose Bay bakery" data-entity-type="file" data-entity-uuid="639041bb-3e46-480d-a37f-9ada09e1cd79" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-19%20at%201.00.09%E2%80%AFPM.png?VersionId=cvUkjkM7Ug0GnyDT2bYzO12DHAgMA16X" />The Rose Bay Bakery on The Avenue, pictured in 1920. Source: State Library of NSW

Samavi said the bakery currently operating from the development site is the only kosher bakery in Sydney.

"We wanted to respect the context of the site and keep the same kosher bakery which has become an important part of Rose Bay," Samavi added.

Orosi's largest development to date was in Bellevue Hill where they created a 25-apartment development on Bellevue Road. Their most recent completion was of Orosi South Cronulla, a collection of 18 luxury apartments, while currently they're developing a boutique building of just 11 apartments in Randwick.

"To us, luxury is not just about natural marble and exquisite finishes,"&nbsp;Samavi said.

"We put a great deal of effort into sustainability, achieved through the passive design of the building to minimise energy consumption. This includes provisions such as double-glazed windows, UV-protected glass, proper insulation for the walls, and airtight joints for windows and walls, among other features.

"Additionally, each unit is equipped with a heat exchanger to ensure proper cross-ventilation at all times, thereby preventing any mould formation within the units. Thermal comfort and air quality is a priority for us, impacting residents as significantly as the quality of the finishes."

The building, across the road from the Royal Sydney Golf Club, will be divided into two adjacent, inter-connected buildings to reduce its overall bulk, setting back the development from The Avenue and William Street boundaries

First look exclusive: Orosi plan Rose Bay shoptop on key gateway site

UDIA NSW has welcomed a State Budget that puts planning and delivering new homes at its centre.

The Budget acknowledges challenging economic factors including higher interest rates and construction costs, have negatively impacted the feasibility of new residential projects, contributing to a decline in the number of dwelling approvals over the past year to their lowest level in a decade.&nbsp;

“This budget has a number of positive initiatives to tackle the housing crisis however more needs to be done to get keys in doors earlier,” said Stuart Ayres, CEO of UDIA NSW.&nbsp; 
&nbsp; 
The budget confirms $555 million to speed up the planning system and deliver the enabling infrastructure required to build new homes. It also includes funding through the Building Homes for NSW Program for 21,000 market and affordable new homes and 8,400 social homes. &nbsp;This includes $450m toward constructing affordable apartments for key workers. 
&nbsp; 
UDIA NSW welcomes the renewed focus on Western Sydney and the Aerotropolis with over $5b allocated towards critical road projects needed to unlock housing and employment lands. However, more work is required to encourage private sector investment in enabling infrastructure. 
&nbsp; 
“The budget highlights how challenging an economic environment it is for developers and future homeowners," Ayres added.

"More could be done now on works in kind, development contributions and coordination of infrastructure to unlock developable land." 
&nbsp; 
UDIA NSW looks forward to working with the NSW Government as it establishes a guarantee scheme to support private-sector financing to increase the supply of new homes. 
&nbsp; 
“The commitment to a guarantee scheme to accelerate the completion of residential properties is welcomed and will get more projects under construction earlier."

NSW is in the midst of a housing crisis and this budget takes critical steps toward solving the crisis. &nbsp;However UDIA NSW recognises many of the interventions will take years to deliver homes, and more can be done sooner to address this significant social and economic challenge.

UDIA NSW welcomes Budget focus on building more homes

Victoria's state government has outlined draft housing targets to address the growing demand for housing across the region, setting a goal of constructing 2.5 million new homes by 2051.&nbsp;

These targets are part of Plan Victoria, a new strategy set to supersede the 2017 Plan <a href="/developments/melbourne-vic">Melbourne</a>.&nbsp;

The announcement comes amidst broader national housing challenges, particularly in Victoria, which has the largest annual population growth of all Australian states.

Plan Victoria emphasises local government involvement to unlock space for new homes, propose changes to local planning rules, and address infrastructure needs.&nbsp;

"We want to work in partnership with councils to build more homes in the areas where people want to live – close to the people they love and the things they love to do," Planning Minister Sonya Kilkenny said.&nbsp;

Premier Jacinta Allan said “To give industry the confidence they need to get on and build, we need Government and all councils working towards the same goal: more homes for Victorians – in the right places.”

Victoria's Housing Statement includes an ambitious plan to build 800,000 homes over the next decade in an Affordability Partnership with industry.&nbsp;

The plan includes reforming Victoria’s planning system to boost housing supply across the state, clearing the backlog, and providing builders, buyers, and renovators with certainty about approval times.

Additionally, it aims to close loopholes that drive up the cost of living for renters, providing more certainty over leases, living standards, and finances, and resolving tenancy disputes more quickly.

The government is also committed to building more social and affordable homes across Victoria, launching Australia’s biggest urban renewal project on top of the Big Housing Build.&nbsp;

As part of the effort to meet the target by 2051, a regional target has been set to build 425,600 of these homes across Victoria’s regions.

Key areas such as Melbourne's Central Business District (CBD), outer suburbs, and the regional city of <a href="/developments/geelong-vic-3220">Geelong</a> will play pivotal roles in meeting these goals.&nbsp;

Geelong, Victoria's second-largest city, has been set the highest target with 139,800 new homes proposed by 2051, more than double the 127,300 homes currently in Geelong.

The City of Melbourne, which includes the CBD and suburbs like <a href="/developments/carlton-vic-3053">Carlton</a>, <a href="/developments/flemington-vic-3031">Flemington</a>, <a href="/developments/kensington-vic-3031">Kensington</a>, <a href="/developments/north-melbourne-vic-3051">North Melbourne</a>, and <a href="/developments/south-yarra-vic-3141">South Yarra</a>, follows with a target of 134,000 new homes, up from the 110,100 currently.&nbsp;

The <a href="/developments/melton-vic-3337">Melton</a> LGA, situated about 40 kilometres west of Melbourne’s CBD, is third with a proposed target of 132,000 new homes. This area had about 69,000 homes in 2013 and is one of the fastest-growing municipalities, boasting a 6.6 per cent annual population growth.

Other growing outer suburban LGAs are also set high targets. Wyndham in the southwest is targeted for 120,000 new homes, Casey in the southeast for 104,000, and Hume in the northwest for 98,000.&nbsp;

The government emphasises the need for more homes in established suburbs, setting a combined target of 72,000 new homes in Darebin, Merri-Bek, and Monash.

Boroondara, identified by housing advocacy group Yimby Melbourne as the most in-demand LGA with significant growth capacity, has set a target of 67,000 new homes.&nbsp;

Kingston, benefiting from its proximity to the Suburban Rail Loop project, has set a target of 59,000 new homes.

The government's investments in skills, training, and infrastructure such as schools, hospitals, and transport will support this growing population.

Victoria's Housing Statement includes an ambitious plan to build 800,000 homes over the next decade in an Affordability Partnership with industry

VIC Government target 2.5 million new homes by 2051: Which regions will benefit the most

Sydney's unit market is showing continued growth in 2024.

It was the third consecutive month that growth in the value of units, which incorporates both apartments and townhouses, outstripped growth in houses,&nbsp;CoreLogic’s Home Value Index found.

Units posted gains of 0.7 per cent, higher than the 0.5 per cent growth in houses.

Sydney's median unit value is now $848,000, having started 2024 at $834,000.

Sydney's overall housing market is now approaching record levels again, now matching the previous record high set in January 2022. After reaching this peak, dwelling values in Sydney dropped by 12.4 per cent, finding their lowest point a year later.&nbsp;

Since then, the market has experienced a 14.1 per cent rise through the current cycle. This places Sydney at the forefront of recovery among Australian capital cities.&nbsp;

Read more:&nbsp;<a href="/news/nsw/city-beat-may-2024-sydney-unit-growth-doubles-houses-in-april">City Beat May 2024: Sydney unit growth doubles houses in April</a>

<h2>What happened in Sydney’s off the plan apartment market in May</h2>

While new projects launching to the market were scant, planning took centre stage in May, with a series of major development applications and approvals across some of Sydney's best postcodes.

The biggest news came from Circular Quay where&nbsp;<a href="/developers/jdh-capital">JDH Capital</a>, the developer who is redeveloping the iconic Sirius building in The Rocks, laid plans for their latest luxury project.

They've finalised their $183 million plans to demolish the Sir Stamford Hotel on Macquarie Street and replace it with a striking 15-level glass tower with commercial, retail, and luxury apartments.

<img alt="First look exclusive: JDH Capital plot $183 million Sir Stamford Hotel redevelopment on Sydney's Macquarie Street" 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/field/image/Screen%20Shot%202024-05-15%20at%208.55.38%20am.png?VersionId=30oCBOCFNOm5rc04DnZgD8mPpilN._Zo" />

<a href="/architects/bvn-architecture">BVN</a> was given the architectural reigns after the jury at the City of Sydney Design Excellence Competition voted unanimously for their design in early 2023.

69 apartments will be spread across 10 residential levels in the new structure at&nbsp;<a href="/new-apartments/93-97-macquarie-street-sydney">93-97 Macquarie Street</a>.

Part of the development of the 1,612 sqm site, which sits in the Macquarie Special Character area defined in the Sydney LEP 2012, will include the restoration of the heritage-listed Health Department Building that dates back to 1896. That was designed by Government architect Walter Liberty Vernon.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-jdh-capital-plot-183-million-sir-stamford-hotel-redevelopment-on-sydneys-macquarie-street">First look exclusive: JDH Capital plot $183 million Sir Stamford Hotel redevelopment on Sydney's Macquarie Street</a>

Three kilometres south of Sydney's CBD in <a href="/developments/redfern-nsw-2016">Redfern</a>, the billionaire Neilson family is planning to revitalise an old commercial strip.

The plans submitted by Paris Neilson,&nbsp;the daughter of billionaire arts patron Judith Neilson and investment banker Kerr Neilson, and her developer husband Todd Buncombe will transform a row of industrial-style commercial spaces across&nbsp;<a href="/new-apartments/2-30-vine-street-redfern">2-30 Vine Street and 32-34 Eveleigh Street</a>.

<img alt="First look exclusive: Billionaire Neilson family to develop new Redfern mixed-use building" 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/field/image/Screen%20Shot%202024-05-06%20at%2012.20.49%20pm.png?VersionId=1vxaIvju3nqHUxzHIF7YKCoNCqqP5AaJ" />

They're proposing a new mixed-use building designed by Koichi Takada Architects that will home 23 apartments and 20 commercial spaces and two retail tenancies.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-billionaire-neilson-family-to-develop-new-redfern-mixed-use-building">First look exclusive: Billionaire Neilson family to develop new Redfern mixed-use building</a>

Heading to the east and, after four years of back and forth, Sydney’s landmark&nbsp;<a href="/developments/coogee-nsw-2034">Coogee</a> Bay Hotel is set to be redeveloped.

The iconic watering hole on the corner of Arden Street and Coogee Bay Road, fronting the beach, has been approved to have the current building refurbished, while an extension will see a shop-top housing development with 58 apartments, 11 retail premises, and an internal laneway from Coogee Bay Road.

The Sydney Eastern City Planning Panel granted a Deferred Commencement Consent, consent that will become operational once there has been a resolution of a noise management plan with Randwick City Council.&nbsp;

<img alt="Coogee Bay Hotel redevelopment gets the green light after five years of planning" 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/field/image/Coogee%20Bay%20Hotel%20Redevelopment%20from%20Coogee%20Bay%20Road.jpg?VersionId=leR9KJyvvcs.Ce3o7bl9Ybp0iHd_WqUI" />

In the inner-west, prominent developer&nbsp;<a href="/developers/deicorp">Deicorp</a>&nbsp;has secured planning approval for its first-ever&nbsp;<a href="/new-apartments/rhodes-nsw-2138">Rhodes apartment</a>&nbsp;development,&nbsp;<a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a>.

They've been given the go-ahead to develop the&nbsp;$435 million, 32-level mixed-use tower in the heart of Rhodes designed by Fender Katsilidis.

<a href="/developers/deicorp" target="">Deicorp</a>’s Chairman, Fouad Deiri OAM, said the landmark&nbsp;building will bring much-needed new homes to the heart of Rhodes.

“Designed by one of Australia’s leading design practices,&nbsp;<a href="/architects/fk-australia">FK</a>, Marquet &amp; Mary delivers on&nbsp;<a href="/developers/deicorp" target="">Deicorp</a>’s business values of strong design and high-quality amenities,” Deiri said.&nbsp;

<img alt="Deicorp greenlit for Marquet &amp; Mary tower in Rhodes" 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/field/image/FKMED_22228_M%26M.jpg?VersionId=Zynkp2wTWWeBiNIgi7zIWnWMxDalWD7f" />

&nbsp;Builder developer <a href="/builders/aland">ALAND</a> will also bring much-needed housing to Western Sydney, including potential affordable apartments for key workers.

Cumberland City Council has given ALAND approval to begin work on Amber, the second stage of <a href="/buildings/amber-the-gladstone-village-stage-2-228-pitt-st-merrylands">The Gladstone Village</a>, a major component of its $800 million mixed-use development in <a href="/developments/merrylands-nsw-2160">Merrylands</a>.

Negotiations are ongoing to designate the entire 21-storey tower, consisting of 236 apartments, for affordable housing under the federal government's Housing Australia Future Fund (HAFF). If successful, these units will be offered at lower rental rates for essential workers, easing the housing crisis and supporting the local economy.

<img alt="ALAND to launch Amber; stage two of $800 million Merrylands precinct The Gladstone Village" 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/field/image/Screen%20Shot%202024-05-13%20at%209.23.11%20am_0.png?VersionId=Sr4r0uCD.NdCqCvhUhthPhYfHwfTlHvX" />

While new project launches have been few and far between, there has been some activity outside of the city.

South in Wollongong,&nbsp;<a href="/developers/level-33">Level 33</a>&nbsp;launched one of its most boutique apartment developments to date.

The go-to developer in&nbsp;<a href="/developments/wollongong-nsw-2500">Wollongong</a>&nbsp;has revealed Easterly, directly opposite WIN Stadium at 13 Crown Street, a short walk from the beach.

Easterly comprises 21 luxury two and three-bedroom apartments and three penthouses, all designed in collaboration with&nbsp;<a href="/architects/turner-studio">Turner Architects</a>.

Read more:&nbsp;<a href="/news/nsw/launch-alert-level-33-launch-wollongong-apartment-development-easterly">Launch Alert: Level 33 launch Wollongong apartment development, Easterly</a>

[smartcode_project:default project_id=139092 project_image_fid=282388]

Up north in Sydneysiders favourite beachside holiday hotspot <a href="/new-apartments/byron-bay-nsw-2481">Byron Bay</a>, local developer&nbsp;<a href="/developers/jd-property-group">JD Property Group</a>, launched <a href="/new-apartments/secret-garden-119-123-jonson-street-byron-bay">Secret Garden</a>, their $100 million luxury shoptop development at 119-123 Jonson Street, just 750 metres from Main Beach and on the corner of Jonson and Kingsley Street.

The development will feature 22 apartments, including luxury penthouse suites, alongside 10 upscale retail and hospitality tenancies on the ground floor. The premium-grade retail space will showcase local talent, including top chefs, designers, and artisans while bringing some of Australia’s leading brands to the Byron Bay township.

<img alt="Byron Bay set for Secret Garden after luxury shoptop development gets approval" 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/Screen%20Shot%202024-05-13%20at%209.05.01%20am.png?VersionId=03MVZS.3oyVl41AqHTxhzacPEbGsxbpR" />

JD Property Group Managing Director and third-generation local, Jason Dunn, said the precinct aims to spotlight what makes Byron Bay uniquely special.

It was Sydney's most iconic beach however that grabbed the biggest headlines in the off the plan apartment space in May.

The price per square metre rate was smashed in Bondi Beach where&nbsp;a penthouse atop Hall &amp; Campbell on the dress circle Campbell Parade beachfront sold for over $100,000 per sqm.

<img alt="Hall &amp; Campbell sets new apartment record in Bondi Beach" 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/field/image/Hall%20%26%20Campbell.jpg?VersionId=N7i.jvBaqQtJA6aZEg.95Ii_cjbVEOfj" />

Developed by Allen Linz's Rebel Property and Eduard Litver's Capitel Group and under construction by Trescon, the penthouse sold for $23 million, representing a price per sqm of $105,000.

The penthouse, designed by architect <a href="/interior-designers/scott-carver">Scott Carver</a>, features five bedrooms, five bathrooms, and multiple living areas and balconies with views of <a href="/new-townhouses/bondi-beach-nsw-2026">Bondi Beach</a>.&nbsp;

We have news this month from Circular Quay, Coogee, Bondi Beach, and even Byron Bay

City Beat June 2024: Sydney off the plan apartment development plans pile up as unit growth continues

The <a href="/developments/brisbane-qld">Brisbane</a> property market continued to experience significant growth over May, growth that took it past Canberra to become Australia's second most expensive capital city property market.

"With Brisbane housing values consistently posting solid capital gains while ACT values remain relatively stable, we saw a changing of the guard in May," CoreLogic Research Director Tim Lawless said.

"Brisbane overtook Canberra as having the second-highest median dwelling value across the capitals in May, a position Brisbane hasn’t recorded since 1997."

Brisbane's median dwelling value (which incorporates both units and houses), is now $843,000, above Canberra's $840,000.

It was another big month for the unit market (just townhouses and apartments). The 1.9 per cent growth took the median unit value above Melbourne to $615,000, above Melbourne's $614,000.

Brisbane's rolling quarterly growth is now 5.3 per cent, the strongest eastern seaboard capital. Brisbane's housing market was up 3.7 per cent over the same period.

&nbsp;

CoreLogic's Home Value Index rose by 0.8 per cent during the month, marking the 16th consecutive month of growth and the largest monthly gain since October of the previous year.

Lawless attributed the strong market performance to extremely low levels of available supply in Brisbane and other strong markets. Brisbane's property listings are 34 per cent below the five-year average for this time of year. Despite an increase in vendor activity compared to last year, fresh listings are quickly absorbed by market demand, maintaining low stock levels and exerting upward pressure on prices.

<h2>What happened in Brisbane’s off-the-plan apartment market in May</h2>

There was only one new project for buyers to look at in May. It came from veteran Brisbane apartment developer <a href="/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, who launched their <a href="/developments/nundah-qld-4012">Nundah</a> village mixed-use development, <a href="/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah">DANBY LN</a>.

The 12-level development comprises 84 apartments ranging from one to four bedrooms, priced between $599,000 and $3,199,000.&nbsp;

[smartcode_project:default project_id=112531 project_image_fid=280772]

The project integrates residential units with ground-floor retail, commercial spaces, and extensive recreational facilities including&nbsp;a rooftop with BBQ facilities, a herb and vegetable garden and outdoor dining areas.

There were more developments submitted to the Brisbane City Council in May, a positive sign for future apartment supply.

One of the most anticipated was the first stage of&nbsp;<a href="/new-apartments/bulimba-barracks-stage-1-167-apollo-road-bulimba">Bulimba Barracks</a>, the inner-city masterplan by&nbsp;<a href="/developers/shayher-group">Shayher Group</a>.

The site, acquired from the Department of Defence in 2020, has undergone extensive demolition, retaining only a fabrication workshop from World War II.&nbsp;

<img alt="First look exclusive: Shayher Group file for first stage of Bulimba Barracks" 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/field/image/Screen%20Shot%202024-05-13%20at%209.44.35%20am.png?VersionId=0QiWfBCEHwkZsoTqcEEwe9wBoEnqpqJY" />

The initial phase focuses on a 6,382 sqm block on Apollo Road, featuring two low-rise buildings with 69 apartments.&nbsp; Designed by the <a href="/architects/the-buchan-group">Buchan Group</a>, these three-level buildings will be separated by a laneway from the restored workshop.

<a href="/developers/mirvac">Mirvac</a> too submitted major plans, however they're at the tail end of the inner-city precinct, the $1 billion Newstead waterfront precinct,&nbsp;<a href="/new-apartments/sky-waterfront-newstead-13-cunningham-street-newstead-qld-4006">Sky Waterfront</a>.&nbsp;

The 27-level tower, the tallest in the precinct, will house 138 apartments.

With a focus on owner-occupiers, it includes a variety of unit sizes, and extensive amenities and public spaces to enhance connectivity and community engagement.&nbsp;

<img alt="Mirvac files plans for final stage of Sky Waterfront, Newstead precinct" 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/field/image/Screen%20Shot%202024-05-13%20at%2012.43.59%20pm.png?VersionId=IwKr5QwWpLW9yKCFIr2jaBJXC8BlUUiO" />

&nbsp;

Developer <a href="/developers/skyhold">Skyhold</a> settled on its <a href="/developments/balmoral-qld-4171">Balmoral</a> site, where they're planning a $150 million apartment development.&nbsp;

The project includes four medium-density buildings, offering a mix of two and three-bedroom apartments, penthouses, and 14 townhouses. Approved by Brisbane City Council, the development is set to launch soon.

<a href="/developers/huon-property-group">Huon Property Group</a> received approval for a 15-level, 114-apartment tower at 22 Cleveland Street, <a href="/developments/stones-corner-qld-4120">Stones Corner</a>, while there was another 226-apartment project on Cleveland Street approved for the family-run Idec Group.

&nbsp;

&nbsp;

&nbsp;

&nbsp;

&nbsp;

Tim Forrester's Aria Property Group looks to have finalized its plans for its South Brisbane tower at 164-190 Melbourne Street.&nbsp;

They secured approval for a 14-level tower with 84 apartments designed in collaboration with <a href="/architects/bates-smart">Bates Smart</a> and <a href="/architects/richards-and-spence">Richards &amp; Spence</a>.

Read more:&nbsp;<a href="/news/qld/aria-set-for-new-south-brisbane-apartment-tower-after-council-nod">Aria set for new South Brisbane apartment tower after council nod</a>

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&nbsp;Outside of the city in <a href="/developments/rochedale-qld-4123">Rochedale</a>, 17km south of Brisbane, <a href="/developers/kinstone-group">Kinstone Group</a> has sought to create a $380 million mixed-use community, Rochedale Terrace.

The first stage will introduce retail and dining options, a tavern, and a 75-room boutique hotel.&nbsp;Later stages will add around 280 apartments and more commercial spaces, aiming to provide diverse housing and community-focused amenities.

&nbsp;

Read more:&nbsp;<a href="/news/qld/kinstone-plot-380-million-rochedale-precinct-rochedale-terrace">Kinstone plot $380 million Rochedale precinct, Rochedale Terrace</a>

City Beat June 2024: Brisbane overtakes Canberra as Australia's second most expensive capital

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

Construction to commence at luxury Glen Iris townhome project, Orchard Mews

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

Joel Robinson

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