Joint venture partners&nbsp;Abadeen Group and PERIFA have received the green light to develop their first mixed-use project together – Putney Wharf Residences.

The $300 million heritage adaptive reuse site, being financed by Phoenix Property Investors and Mitsubishi Estate Asia, boasts 300 metres of water frontage on the harbour at Putney in Sydney’s northwest, 14km from the CBD.

Located on the historic site of the former Halvorsen’s boatshed, <a href="/new-apartments/putney-wharf-residences-20-waterview-street-putney">Putney Wharf Residences</a> will comprise a premium, lifestyle-oriented, mixed-use wharf precinct including 67 luxury apartments and townhouses complemented by sophisticated waterfront dining and retail along with a 36-berth marina.

[smartcode_project:default project_id=13962 project_image_fid=291195]

The project will offer a mix of three-storey townhouses and apartments comprising heritage components including original timber beams and other preserved materials, creating stunning character-rich interiors with a nod to the boating history of the site.&nbsp;

<a href="/developers/perifa">PERIFA</a> Managing Director and Co-Founder Fabrizio Perilli called Putney a "hidden harbourside gem."&nbsp;

“Putney Wharf Residences represents a flagship development for PERIFA as our first major prestige harbourfront mixed-use development in Sydney, and the first of what we hope will be many more ventures with Abadeen, delivering excellence and innovation.

“<a href="/developments/putney-nsw-2112">Putney</a> is a hidden harbourside gem, and Putney Wharf Residences offers an extraordinary opportunity to transform this rare waterfront site into a premium mixed-use development akin to the prestigious Woolloomooloo Wharf, with exceptional dining and residential combined to create the ultimate in waterfront living.”

[smartcode_project:default project_id=13962 project_image_fid=291196]

Designed by acclaimed local Sydney architects&nbsp;<a href="/architects/sjb-architects">SJB</a>, in close collaboration with Heritage Consultants Curio Projects and landscape architects&nbsp;<a href="/landscape-architect/dangar-barin-smith">Dangar Barin Smith</a>, Putney Wharf Residences located at 20 Waterview Street along Putney’s harbourfront, will offer three residential components:

<ol>
	<li>Boatshed Apartments. A full restoration of the heritage-listed Halvorsen’s Boatshed, comprising nineteen oversized apartments: seventeen three-bedrooms and one two, four-bedroom residences.&nbsp;</li>
	<li>Waterview Terraces. Located on Waterview Street comprising 18 three-storey, four-bedroom terraces.</li>
	<li>The Residences at Putney Wharf. Consisting of two new-build three-storey apartment buildings, offering 30 apartments; a mix of two-bedrooms and three-bedroom.</li>
</ol>

Apartments are expected to be priced starting from $1.9 million for a two-bedroom apartment, $3.5 million for a three-bedroom apartment, and $3.9 million for a four-bedroom terrace. The development will also deliver a 213 sqm four-bedroom penthouse within the heritage-restored Boatshed Apartments complex capturing uninterrupted, 180-degree, panoramic harbour views.

[smartcode_project:default project_id=13962 project_image_fid=291199]

<a href="/developers/abadeen-group">Abadeen Group</a>&nbsp;Chief Operating Officer Joe Tack said the regeneration of the Putney Wharf Residences precinct is an important restoration project for the community, having been&nbsp;disused and closed to the public for several decades.

"With such a rich history having been the home to Sydney’s most successful and prolific boat building business established in 1939 by the Halvorsen family, we feel a sense of pride in restoring, preserving and celebrating a significant piece of Sydney’s boating history.&nbsp;

"This is a unique opportunity to revitalise, restore and breathe new life into a significant waterfront parcel of land, delivering a premium lifestyle-oriented wharf precinct within which all of Sydney will want to live, dine, entertain and socialise, and we’re delighted to be partnering with PERIFA to bring this new precinct to life.”

With development approval now received, construction is due to commence imminently with the project expected to be completed by 2027.

[smartcode_project_cta:default project_id=13962]

Set to transform the historic Halvorsen Boat Building facility into luxury homes and restaurants

Joel Robinson

Abadeen and PERIFA greenlit to develop Putney Wharf Residences

Canberra's inner city suburb of Deakin is set for one of its most luxury apartment developments to date.

Plans have been filed for a mixed-use development including 53 apartments, a day spa, a club lounge, and a public art gallery at 38 Grey Street, Deakin, next to Canberra Girls Grammar School.

The site had previously been occupied by the Margaret Dimoff Art Gallery, and had been subject to a development application for a 102-bed aged care development in 2017.

The new plans, linked to an unknown developer with a registered address in Melbourne, align more closely with the site's proximity to Parliament.

<img alt="Embassy" data-entity-type="file" data-entity-uuid="a2454d3e-da0e-4ecd-ba93-9549d1b5008a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-14%20at%209.12.17%E2%80%AFAM.png?VersionId=5vi8Yyh50natyyPbuU8LUa1FnQ65FKlB" />

The development has been called Embassy Residences in the application and will span six levels.

&nbsp;

The apartment sizes are generous, starting from 160 sqm and ranging up to 600 sqm. There will be two, three and four-bedroom apartments on offer.

Designed by <a href="/architects/hugh-gordon-architects">Hugh Gordon Architects</a>, the building's orientation, form, and scale have been planned to enhance residential amenity while complementing the area's emerging built form.

Embassy Residences' design incorporates features such as physical stepping, architectural elements, balconies, and shading structures to create visual interest and differentiation from neighbouring properties and maintain privacy.

The building's façade will utilise a mix of face bricks, matt monument black, off-white render arches, and brushed brass balustrades, chosen for both aesthetic appeal and ease of maintenance.

<img alt="Embassy" data-entity-type="file" data-entity-uuid="7971da7a-20ad-4a28-b1a8-981799565586" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-14%20at%209.12.11%E2%80%AFAM.png?VersionId=cfJoalk8xjneAI28YSAM.LHQLjTX5ZBB" />

Ground floor units will include courtyards, while penthouses will offer private lifts and rooftop terraces exceeding 200 sqm.&nbsp;All apartments are equipped with EV charging points.

The proposed development is situated adjacent to a planned light rail stop connecting Civic and Woden.

The proposed development is situated adjacent to a planned light rail stop connecting Civic and Woden.

First look: Embassy Residences set for Canberra's Deakin

Gamuda Land’s new St Kilda apartment development, Fareham, will become one of the greenest multi-residential buildings within Melbourne, setting the benchmark for eco-conscious living.&nbsp;

Designed by award-winning architects <a href="/architects/bayley-ward">BayleyWard</a>, <a href="/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda">Fareham</a> will target net zero in operations and will achieve a minimum 8-star average NatHERS rating. The project will be powered by an embedded network that provides 100 per cent renewable energy, including rooftop solar photovoltaic panels.&nbsp;

The 73 apartments will feature a mix of water-efficient WELS-rated fixtures and fittings ranging from dishwashers to taps, with additional features including EV charging capabilities, secure bike parks and an onsite bicycle workshop to encourage residents to opt for greener travel arrangements.&nbsp;

[smartcode_project:default project_id=137950 project_image_fid=281436]

With the construction sector accounting for 37 per cent of global emissions, Gamuda Land has turned to family-owned construction firm <a href="/builders/markscon">Markscon</a>, responsible for constructing two industry-leading Nightingale projects, to implement sustainable construction techniques throughout the build.&nbsp;

This includes incorporating passive design principles, utilising green concrete technology where possible and prefabricating concrete elements offsite to reduce the amount of new materials used. Markscon will also aim to divert 90 per cent of all waste from landfills by sorting materials to ensure they can easily be recycled.&nbsp;

Passive design principles will greatly benefit future residents including air-tight construction, high-performance, thermally-broken windows and high levels of insulation, meaning more consistent internal temperatures and lower energy bills.&nbsp;

Material selection during the build includes low to zero-VOC paints and utilising recycled materials or locally manufactured products, where possible.&nbsp;

&nbsp;

[smartcode_project:default project_id=137950 project_image_fid=281439]

Reaching 16 levels high, Fareham will offer bay views, with a maximum of six apartments per floor. Residents will have access to a communal garden on level one, a wellbeing room on level two, and a communal rooftop on level 15.

<a href="/developers/gamuda-land">Gamuda Land</a> General Manager Jarrod Tai said Fareham is not only an exemplar of eco-conscious living in the City of Port Phillip but the broader multi-residential space within Melbourne.&nbsp;

[smartcode_project:default project_id=137950 project_image_fid=281448]

“In 2021, Gamuda Land unveiled the Gamuda Green Plan - a commitment to sustainable construction and development, with specific steps to reduce corporate greenhouse gas emission intensity by 30 per cent in 2025, and by 45 per cent in 2030. Our mission has always been to work with nature, preserve what was there before us and find innovative ways to incorporate it into our design.&nbsp;

“We are bringing this same commitment to our Melbourne projects and believe Fareham will help set the standard with its target of 8-star NatHERS and its goal of being net zero in operation.”&nbsp;

According to CSIRO, 72.5 per cent of new homes within Victoria have an average rating of 6-Star, while only 3.77 per cent of dwellings are rated 8-star or higher.

Fareham is currently under construction and is due for completion in 2026.

[smartcode_project_cta:default project_id=137950]

Gamuda Land General Manager Jarrod Tai said Fareham is not only an exemplar of eco-conscious living in the City of Port Phillip but the broader multi-residential space within Melbourne

St Kilda new apartments to become one of Melbourne's greenest apartment buildings

Brisbane's supercharged property market is continuing its bull run in 2024.

If it wasn't for Perth, Brisbane would be the best performing capital city unit market in the country.&nbsp;

CoreLogic's Monthly Hedonic Index showed the value of Brisbane units, which incorporates both apartments and townhouses, rose 1.9 per cent in July.&nbsp;

So far in 2024, units in Brisbane are now 12.8 per cent higher than they started the year, taking the median value from $561,000 to $638,000, surpassing Melbourne and Canberra to become the second most expensive capital city unit market in the country.

CoreLogic Research Director, Tim Lawless, said available supply is a key factor explaining the diverse outcomes in housing growth trends.

“The number of homes for sale in Brisbane, Adelaide and Perth is more than 30 per cent below average for this time of the year, while weaker markets like Melbourne and Hobart are recording advertised supply well above average levels,” Lawless said.

<h2>What happened in Brisbane’s off the plan apartment market in July</h2>

<a href="/developers/sekisui-house-australia" target="">Sekisui House</a>&nbsp;Australia secured a $5.25 million sale of a penthouse atop Altura, one of its buildings in its $1 billion&nbsp;<a href="/developments/west-end-qld-4101">West End</a> masterplan, West Village.

They've seen a 'reverse sea changer' trend at&nbsp;<a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">West Village</a>, which is approaching its final tower release. The buyers,&nbsp;business owners Leo Nipperess and partner Brett Park, are coming from a large home on Sovereign Island.

Nipperess and Park were drawn to the expansive 368 sqm layout complete with multiple living and entertaining zones, five bedrooms, four bathrooms and multiple balconies, only 800m from the Brisbane CBD.

[smartcode_project:default project_id=114215 project_image_fid=257538]

West End is also set for some more future supply with builder-developer Zen Group planning two&nbsp;"climate-responsive and contextually driven" apartment towers at <a href="/new-apartments/24-duncan-street-west-end">24 Duncan Street</a>, near Montague Markets.

The towers will home just over 200 apartments.

<img alt="West End set for climate-responsive apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Duncan%20Street.png?VersionId=.A9VkekWac99LJ7L8mqewo7AAsg4Vwb_" />

The vision aligns with Brisbane's goal to become a New World City by 2031, promoting a globally recognisable subtropical urban lifestyle.

Duncan Street will comprise two 17-level buildings housing 202 apartments, from one-bedroom plus study apartments through to three-bedroom units.

Read more:&nbsp;<a href="/news/qld/west-end-set-for-climate-responsive-apartments">West End set for climate-responsive apartments</a>

The riverside has been where it's at in July. Across the Brisbane River in St Lucia, developer <a href="/developers/dusk-group">Dusk Group</a>&nbsp;has found a gap in the market with its latest project,&nbsp;<a href="/new-townhouses/aurora-on-depper-st-lucia-68-72-depper-street-st-lucia">Aurora on Depper</a>.

Aurora on Depper presents an attractive opportunity, considering the scarcity of townhouses in the suburb and the competitive starting price of $1.55 million.

The townhouses,&nbsp;currently under construction by Akam Constructions, feature three bedrooms, a two-car garage, kitchens with zero silica benchtops and butler's pantries, and hybrid timber flooring throughout the living areas.

The townhouses are expected to complete by mid-2025.

Read more:&nbsp;<a href="/news/qld/aurora-on-depper-townhouses-to-target-st-lucias-missing-middle">Aurora on Depper townhouses to target St Lucia's "missing middle"</a>

[smartcode_project:default project_id=139032 project_image_fid=232287]

The <a href="/developments/bulimba-qld-4171">Bulimba</a> riverfront is also set for a new collection of apartments. Architect-turned-developer&nbsp;<a href="/architects/joe-adsett-architects" target="">Joe Adsett</a>&nbsp;is teaming up with developer Zephyr Group QLD for Palais Bulimba at&nbsp;<a href="/new-apartments/palais-bulimba-25-27-byron-street-bulimba">25-27 Byron Street</a>.

Adsett has designed the two buildings that will home just 13 luxury apartments, focused on taking advantage of the 30 metres of absolute river frontage, connecting residents to nature and views with river-facing balconies.&nbsp;

&nbsp;

<img alt="First look exclusive: Joe Adsett partners with Zephyr Group for luxury Bulimba apartment development, Palais Bulimba" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-07-26%20at%2012.03.10%E2%80%AFPM.png?VersionId=fqJQZmCijuLhkR7A1hYV8JBIaOmOrqZe" />

Adsett is expecting Palais Bulimba to attract significant interest from both local and interstate buyers. Construction is slated to commence later this year, with completion expected in mid-2026.

Read more:&nbsp;First look exclusive: <a href="/news/qld/first-look-exclusive-joe-adsett-partners-with-zephyr-group-for-luxury-bulimba-apartment-development-palais-bulimba">Joe Adsett partners with Zephyr Group for luxury Bulimba apartment development, Palais Bulimba</a>

The only true tower development to launch in 2023,&nbsp;Ruby Ruby&nbsp;in the riverside suburb of <a href="/developments/milton-qld-4064">Milton</a>, got a little bigger in July.

National developer&nbsp;<a href="/developers/kokoda-property" target="">Kokoda Property</a>&nbsp;was given the green light to add another four levels to the Crombie Street tower. The enhanced scheme will see a further 34 apartments added

<a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>&nbsp;now comprises 178 apartments across a 26-level building designed by&nbsp;<a href="/architects/cottee-parker-architects">Cottee Parker</a>.

Read more:&nbsp;<a href="/news/qld/kokoda-adds-more-apartments-to-ruby-ruby-in-milton">Kokoda adds more apartments to Ruby Ruby in Milton</a>

Read more:&nbsp;<a href="/news/qld/city-beat-july-2024-brisbane-units-on-course-for-20-per-cent-gains-in-2024">City Beat July 2024: Brisbane units on course for 20 per cent gains in 2024</a>

Read more:&nbsp;<a href="/news/qld/city-beat-june-2024-brisbane-overtakes-canberra-as-australias-second-most-expensive-capital">City Beat June 2024: Brisbane overtakes Canberra as Australia's second most expensive capital</a>

[smartcode_project_cta:default project_id=139032]

CoreLogic Research Director, Tim Lawless, said available supply is a key factor explaining the diverse outcomes in housing growth trends

City Beat August 2024: Brisbane property boom continues

The builder-developer model isn't new.

Some of Queensland's best developers have been vertically integrated builder-developer for decades.

The challenging construction environment on the Gold Coast, characterized by a substantial increase in apartment projects since COVID-19, along with limited labor resources and rising costs for materials and labor, has led some developers to adjust their strategies to incorporate construction as part of their core service.

The likes of <a href="/developers/morris-property-group">Morris Property Group</a>&nbsp;and <a href="/developers/mosaic-property-group">Mosaic Property Group</a> have had their own building arm for years. They've created the blueprint that a lot of developers on the Gold Coast are looking toward.

[smartcode_project:default project_id=112024 project_image_fid=286004]

<a href="/developers/siera">Siera Group</a>, who made the move from Brisbane to the Gold Coast a few years ago, has for a long time had construction in-house when building luxury townhouse developments across Brisbane's inner ring. They've now decided to do the same at <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry on Chevron Island</a>.

<a href="/developers/marquee">Marquee</a> Development Partners have brought construction in-house for <a href="/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Bella Palm Beach</a>, as have <a href="/developers/iris-capital">Iris Capital</a> for its $1 billion Broadbeach development <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a> and Steer Developments for its <a href="/new-apartments/c-te-palm-beach-3-thirteenth-avenue-palm-beach">COTE Palm Beach</a> project.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Antonio Mercuri, who heads up site amalgamation specialists GV Property Group, says a key point the team look for&nbsp;when selling a site is if the buyer (developer) has a genuine track record of finishing their projects.

“If you see a high or midrise under construction on the Gold Coast at the moment, chances are, they’re a builder-developer,” Mercuri says.

“It's been a trend in the past couple of years, and very much so in the past 12 months.

“There are so many builders collapsing in Queensland at the moment under that rising cost of construction, and that’s leaving limited competition in the market.&nbsp;It’s forcing a change and as a result, many developers have started building themselves. They’re the ones delivering on these projects - it’s no coincidence."

[smartcode_project:default project_id=102340 project_image_fid=273593]

Mercuri says if someone is looking to buy off the plan, they should do&nbsp;their homework and check if they’re either a builder developer, or in the least, have a builder who they’ve worked alongside in the past.

&nbsp;

“It’s devastating for a buyer who’s handed over a hard earned deposit, only to be told their apartment simply isn't being built.

“Ideally, the project goes up and their unit appreciates in value but that’s not always the case.”

Antonio Mercuri, who heads up site amalgamation specialists GV Property Group, says a key point the team look for when selling a site is if the buyer (developer) has a genuine track record of finishing their projects

The growing trend of the builder-developer, and why it impacts the Gold Coast off the plan apartment market more than most

Eddy Haddad's&nbsp;<a href="/developers/level-33">Level 33</a>, arguably one of the biggest developers in Wollongong, is joining forces with the community affordable housing City West Housing to bring a much-needed influx of apartments to the growing coastal city.

The joint venture means there will be an affordable housing component that will be managed by&nbsp;City West Housing, a registered Community Housing Provider. Of the 906 apartments that have been proposed in the State Significant development application, around 220 will be affordable.

The leaves nearly 700 apartments that will hit the traditional off the plan apartment market in the coming years, pending NSW Government approval.

The 30,130 sqm site&nbsp;at the <a href="/new-apartments/60-74-flinders-street-wollongong">intersection of Gipps and Flinders Streets</a>&nbsp;is currently occupied by an old Bunnings Warehouse which ceased trading at the start of 2023, as well as extensive car parking space and a small brick building.

<img alt="Level 33" data-entity-type="file" data-entity-uuid="97c11568-ff91-4521-9e02-bd42fc0a101c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-13%20at%2011.48.53%E2%80%AFAM.png?VersionId=y7XuNDoFsxEYSDE.IVAMpXeElcivleOs" />A key corner view from Gipps Street. Image credit: DKO

The apartments, will be spread across five mixed-use buildings, ranging in height from seven to 13 levels.

The ground floor of the buildings will be&nbsp;dedicated to business and retail spaces, takeaway food premises, specialised retail, and a gallery. The proposal also includes two levels of basement parking, with vehicle access from Throsby Drive and Gipps Street.

The project will be constructed in stages, beginning with Buildings 4 and 5, the latter of which will house the affordable apartments.&nbsp;

<img alt="Level 33 Wollongong masterplan" data-entity-type="file" data-entity-uuid="266ca885-4362-4dc2-ace2-ab81d4639dbe" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Wollongong%20DA%20masterplan.png?VersionId=PpTvdklskSFJESZ1564pj8Dhc92_VeJ7" /> 
The view of the development from Beaton Park. Image credit: DKO

The plans have been drawn up&nbsp;<a href="/tag/dko-architecture">DKO</a>&nbsp;Architecture with a vision that emphasises a connection to the natural surroundings, particularly Mount Kiera.&nbsp;

A plaza with a viewing deck to Mount Kiera has been proposed as part of the wider development. That will include fitness stations, a central lawn, public art installations, a suspending walk viewing deck, and a bushtucker native garden. 
 
<img alt="Viewing deck" data-entity-type="file" data-entity-uuid="34c675b3-93fd-4cfd-82de-4c354858049f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-13%20at%2011.46.32%E2%80%AFAM.png?VersionId=hemtwwaGELo6dw8SaEcAHT.kHjKQtnhq" /> 
A sketch of the viewing deck. Image credit: DKO

The design that has been submitted to the NSW State Significant Register has been revised following feedback from the State Design Review Panel.

The Scoping Report by Sutherland &amp; Associates Planning says the proposal is a "high-quality, transit-orientated development that will provide both housing choice in a location that enjoys exceptional access to the Wollongong Commercial Centre and other amenities within the City of Wollongong."

Level 33 <a href="/news/nsw/launch-alert-level-33-launch-wollongong-apartment-development-easterly">recently revealed</a> its latest Wollongong apartment development, <a href="/new-apartments/easterly-wollongong-13-crown-street-wollongong">Easterly Wollongong</a>, on one of the best sites in area opposite WIN Stadium.

They're also preparing to launch their <a href="/new-apartments/19-21-bourrool-street-kiama">first apartment development in Kiama</a>.

The proposal is a "high-quality, transit-orientated development that will provide both housing choice in a location that enjoys exceptional access to the Wollongong Commercial Centre and other amenities within the City of Wollongong."

First look exclusive: Level 33 to team up with City West Housing for over 900 new Wollongong apartments

The unit market in Sydney, both established and new, is ramping up.

CoreLogic's Monthly Hedonic Index shows another 0.4 per cent gain in the value of units across July, compared to 0.2 per cent in the house market. It's the fourth consecutive month units have outperformed houses according to CoreLogic's Index.

While only modest growth compared to the likes of Brisbane (+1.9 per cent) and Perth (+2.1 per cent), Sydney's unit market continues to show resilience despite being the most expensive capital city in an environment of heightened interest rates.

The Sydney unit median is now $852,000, more than $200,000 more than the next capital (Brisbane, $638,000).

Sydney's new and off the plan apartment market hasn't taken a break in winter either.

There's been record-breaking sales, new apartment developments launched to market, and several suburb-shaping development applications submitted to various councils across Greater Sydney in July.

&nbsp;

<h2>What happened in Sydney’s off the plan apartment market in July</h2>

Winter did not hinder apartment sales in Sydney’s <a href="/developments/norwest-nsw-2153">Norwest</a>.

<a href="/developers/sekisui-house-australia">Sekisui House Australia</a> secured over $85 million in sales within a few hours of the new apartment release at its $1 billion masterplan The Orchards

<a href="/new-apartments/the-orchards-veue-parkside-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Parkside</a> features 156 apartments distributed across two buildings, each standing nine and 14 levels tall.

[smartcode_project:default project_id=145924 project_image_fid=287359]

More than 80 sales came on the day, the majority being for the two-bedroom units.

Sales Manager David Lee said buyers came in large numbers to secure a carefully curated apartment in Veue Parkside, which he called "an architectural masterpiece."

[smartcode_project:default project_id=135129 project_image_fid=258271]

July saw the record sale of an apartment in the Eurobodalla Shire.

The penthouse atop&nbsp;<a href="/new-apartments/kailani-batemans-bay-50-52-beach-road-batemans-bay">Kailani</a>, the only new apartment development in&nbsp;<a href="/developments/batemans-bay-nsw-2536">Batemans Bay</a>, sold for $2.75 million, a record for the whole region. The four-bedroom penthouse crowns the low-rise Beach Road building that is currently under construction by builder-developer <a href="/developers/kela-building-group">KELA Building Group</a>.

<a href="/project-marketer/mcgrath-projects">McGrath Projects</a> agent Adam Sparkes said the buyer was also a local and is intending on reconfiguring the large floorplan.

[smartcode_project:default project_id=136442 project_image_fid=277072]

Princeton Financial Services launched its Rockdale development to the market in July.

<a href="/new-apartments/marque-rockdale-602-608-princes-highway-rockdale">Marque Rockdale</a>&nbsp;comprises 58 one, two, and three-bedroom designer apartments that are ideally located to take advantage of living on the coastal peninsula.

Marque will also be the first development in the area with <a href="/news/resilience-latent-defects-insurance">Resilience Latent Defects Insurance</a>, the first defect insurance in Australia that <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">covers the cost of structural defects</a> for 10 years post-completion of the building.

[smartcode_project:default project_id=31751 project_image_fid=161005]

July also saw the topping out of the second stage of&nbsp;<a href="/buildings/mason-main-merrylands-245-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a>&nbsp;in&nbsp;<a href="/developments/merrylands-nsw-2160">Merrylands</a>, the $700 million masterplanned precinct by&nbsp;<a href="/news/coronation-property-launches-its-first-release-in-merrylands-development-mason-main">Coronation Property</a>.

The celebration was marked with an event attended by Coronation Property's owner Joe Nahas, contract partners, suppliers, and executive staff.

Mason &amp; Main Stage Two consists of 415 build-to-sell apartments across two buildings, offering studio, one, two, and three-bedroom configurations.&nbsp;

[smartcode_project:default project_id=31751 project_image_fid=257777]

There was plenty activity in the development application space across Greater Sydney in July, namely from&nbsp;<a href="/developers/deicorp">Deicorp</a>.

They first filed plans for <a href="/new-apartments/130-joynton-avenue-zetland">Joynton Square</a>, another community-style development in <a href="/new-apartments/zetland-nsw-2017">Zetland</a>. The mixed-use precinct at 130 Joynton Avenue, pegged at just over $300 million, will see 574 apartments delivered across nine buildings designed by&nbsp;<a href="/architects/fk-australia" target="">Fender Katsalidis</a>&nbsp;and&nbsp;<a href="/architects/candalepas-associates">Candalepas</a>&nbsp;Associates.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-deicorp-submit-plans-for-joynton-square-mixed-use-zetland-precinct">First look exclusive: Deicorp submit plans for Joynton Square, mixed-use Zetland precinct</a>

<img alt="First look exclusive: Deicorp submit plans for Joynton Square, mixed-use Zetland 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/inline-images/Screenshot%202024-07-13%20at%2010.47.05%E2%80%AFAM.png?VersionId=VRb2qLsnaakvT8Lyll54bVMQECaltz7N" /> 
One of the buildings in the Zetland precinct

Deicorp then went again later in July, filing for just under 1,200 apartments in&nbsp;<a href="/developments/five-dock-nsw-2046">Five Dock</a>.

The apartments will be spread across six towers which will sit above a six to eight-level podium&nbsp;that will comprise commercial and retail spaces, including a full-line supermarket and an indoor recreation facility.

A competitive design process has already been held for the project. It invited four architectural firms to prepare a mixed-use development proposal, which was considered by a Jury of five members who unanimously decided that the <a href="/architects/turner-studio">Turner</a> scheme had the best potential to achieve design excellence.

Read more:&nbsp;<a href="/news/nsw/deicorp-lodge-state-significant-development-application-for-1-200-apartments-in-five-dock">Deicorp lodge State Significant Development application for 1,200 apartments in Five Dock</a>

<img alt="Deicorp lodge State Significant Development application for 1,200 apartments in Five Dock" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-07-31%20at%206.35.47%E2%80%AFPM.png?VersionId=bRW97op0_lKBvUJWbcNrdYS99n6PRaOT" />

There was a significant move just north of the bridge where joint venture partners&nbsp;<a href="/developers/cbus-property" target="">Cbus Property</a>&nbsp;and&nbsp;<a href="/developers/galileo-group" target="">Galileo Group</a>&nbsp;scaled up their plans for their prime 3,950 sqm Walker St site in North Sydney.

They've gone back to the drawing board and brought in Rothelowman to rejig the plans, add more levels, and reconfigure the apartment mix. They are now proposing 258 apartments.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-cbus-and-galileo-revise-plans-for-new-north-sydney-apartment-development-east-walker-street">First look exclusive: Cbus and Galileo revise plans for new North Sydney apartment development</a>

<img alt="First look exclusive: Cbus and Galileo revise plans for new North Sydney apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-07-11%20at%204.47.10%E2%80%AFAM.png?VersionId=5Yoe1XDt4w_3flgagSB5ejSCn80ZksY_" />

Sydney’s affluent Eastern Suburbs is also set for an injection of supply.

Ali Mohammed's&nbsp;<a href="/developers/positive-investment-enterprise" target="">Positive Investment Enterprise</a> has filed plans for its rare three-lot amalgamation at 80-84 Drumalbyn Road, <a href="/developments/bellevue-hill-nsw-2023">Bellevue Hill</a>.

They're planning 26 two, three and four-bedroom apartments across a six-level building.

<img alt="First look: Positive Investment Enterprise reveal Bellevue Hill apartment plans" 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%202024-07-24%20at%2010.34.11%E2%80%AFAM.png?VersionId=iH6Wu_u1d_jyg.dB.egjYFUVAlEchehl" />

The building, which will cost nearly $34 million to construct, has been designed by MHNDUnion who says the apartment mix is consistent with market demand and would suit the demographic mix of couples, small families, retirees and downsizers living within the surrounding area.

Read more:&nbsp;<a href="/news/nsw/first-look-positive-investment-enterprise-reveal-bellevue-hill-apartment-plans">First look: Positive Investment Enterprise reveal Bellevue Hill apartment plans</a>

Nearby in Woollahra, burgeoning developer <a href="/developers/toohey-miller">Toohey Miller</a> is continuing its expansion into Sydney's most expensive property markets, with plans for a new $29 million development designed by&nbsp;<a href="/architects/smart-design-studio">Smart Design Studio</a> at 3 Fullerton Street, just behind Matt Moran's The Chiswick and a short walk from Woollahra's amenity on Ocean and Queen Streets.<img alt="First look: Toohey Miller reveal new Woollahra apartment plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-07-24%20at%202.02.13%E2%80%AFPM.png?VersionId=bX1YmDkVQUztIuMYYAQGOz9bPc52fcR7" />

The new development will be part five, part six level and home 15 apartments, the majority three-bedders.

Since announcing themselves on the development scene in 2022,&nbsp;<a href="/developers/toohey-miller">Toohey Miller</a>&nbsp;has been busy acquiring sites across some of Sydney's best suburbs.

They've&nbsp; the majority of apartments in their luxury&nbsp;<a href="/developments/elizabeth-bay-nsw-2011">Elizabeth Bay</a>&nbsp;apartment development,&nbsp;<a href="/new-apartments/no-1-onslow-place-elizabeth-bay-1-onslow-place-elizabeth-bay">No.1 Onslow Place</a>. They're a joint venture partner on&nbsp;<a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse Potts Point</a>&nbsp;nearby, while they're putting the finishing touches to their approved Darlinghurst apartment development,&nbsp;<a href="/new-apartments/henri-house-349-liverpool-street-darlinghurst">Henri House</a>.

Read more:&nbsp;<a href="/news/nsw/first-look-toohey-miller-reveal-new-woollahra-apartment-plans">First look: Toohey Miller reveal new Woollahra apartment plans</a>

Read more:&nbsp;<a href="/news/nsw/city-beat-july-2024-sydney-units-continue-to-outperform-houses">City Beat July 2024: Sydney units continue to outperform houses</a>

Read more:&nbsp;<a href="/news/nsw/city-beat-june-2024-sydney-off-the-plan-apartment-development-plans-pile-up-as-unit-growth-continues">City Beat June 2024: Sydney off the plan apartment development plans pile up as unit growth continues</a> 
&nbsp;

City Beat August 2024: Sydney's new apartment market secures record sales and city-shaping development plans

Diversified national property developer <a href="/developers/goldfields-group">Goldfields</a>&nbsp;is heading to Richmond for its latest residential development.

Goldfields, led by Marco Gattino and Lachlan Thompson, has a national portfolio of land, commercial, and residential developments in several states across Australia. It is planning a 12-level, mixed-use building with 125 residences above ground floor retail at&nbsp;9-15 Brighton Street, <a href="/developments/richmond-vic-3121">Richmond</a>. &nbsp;

Rob Granger, Goldfields General Manager – Built Form, said the new project, that has been designed by <a href="/architects/cera-stribley-architects">Cera Stribley</a>&nbsp;and will sit in landscaping by <a href="/landscape-architect/jack-merlo">Jack Merlo</a>, will bring another high-quality residential development to Richmond.

“Goldfields has a strong track record of delivery and we believe our experience in residential development and product marketing will be key to ensuring this project’s success,” Granger said.&nbsp;

In addition to the 125 apartments and townhouses, the building will feature ground floor and rooftop amenities as well as a three-level basement.

The strategically located site is zoned for mixed-use development and offers future residents a high-quality lifestyle through its proximity to the CBD, major tram and cycling routes, Richmond Train Station, the Barkly Gardens, the Melbourne Sports and &nbsp;Entertainment Precinct, and the iconic Chapel Street retail hub. &nbsp;

Subject to relevant approvals, construction will commence in mid-2025, with completion targeted for 2027.

The project, comprising one, two and three-bedroom apartments and townhouses, is expected to hit the market in early 2025.

Goldfields is currently selling land in Margaret River in Western Australia, and is developing <a href="/new-apartments/the-bryson-of-chatswood-871-877-pacific-highway-chatswood">The Bryson</a> in Sydney's <a href="/developments/chatswood-nsw-2067">Chatswood</a>.

The project, comprising one, two and three-bedroom apartments and townhouses, is expected to hit the market in early 2025

Goldfields ready new $150 million mixed-use development in Richmond

The transformation of Fitzroy into one of Melbourne's coolest inner-city suburbs is set to continue with another visually appealing, sustainable apartment development on the cards.

Plans have been filed by well-known construction firm Cobild for a 10-level development at <a href="/new-apartments/johnston-napier-159-167-johnston-street-fitzroy">159-167 Johnston Street</a>. Cobild Director, Rotem Rotenberg, placed a caveat on the title of the three adjoining lots, totaling 1,978 sqm, on the corner of Johnston and Napier St last year. The site is currently home to three attached, single-level commercial buildings.

The busy Cera Stribley has been called on the design what's being dubbed Johnston &amp; Napier. The 57 owner-occupier focussed apartments, all two and three-bedrooms, have an average internal size of 132 sqm and have their own private terraces.

<img alt="Cera Stribley" data-entity-type="file" data-entity-uuid="c09341e2-8c95-4baf-95b3-2ff4feb34bc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-12%20at%204.11.51%E2%80%AFPM.png?VersionId=JARizOowqxqiKuv.jfzboqLXGWABNF2v" />

Cera Stribley said in its Design Report they were inspired by the influence landscape has on architecture.

"Inspired by the rich cultural and geographical context of Ngár-go, the “high ground” as recognised by the Wurundjeri Woi Wurrung people, our design intent is deeply rooted in the profound influence of the natural landscape, observing how cities organically evolve in response to their surroundings," CS noted.

"In embracing the notion of Higher Ground, we conceptualise the natural ground plane extending vertically throughout the site, unlocking vast opportunities for on-site amenity."

<img alt="Cera Stribley Johnston St" data-entity-type="file" data-entity-uuid="ee790e65-67ef-4ef3-bd9b-9325bd5a6005" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-12%20at%204.11.55%E2%80%AFPM.png?VersionId=fcHhfA07uCVRZWZJEkDIMKEuRblMOq8l" />

CS said communities flourish in natural spaces.

"Prioritizing landscape in our urban environments ensures greener futures, promotes environmental sustainability, biodiversity, and a healthier quality of life for communities living in them.&nbsp;A strong relationship between people and their environment fosters well-being, connection, and a shared commitment to preserving the beauty of the surroundings."

As well as the apartments, residents will have exclusive access to a private courtyard, garden, and resident lounge on level one with a communal kitchen and dining space, with accompanying landscaping by Florian Wild Landscape Architect. Also part of the development will be 639 sqm sqm of office space, three street-level retail spaces, and a "vibrant cafe".

"This multi-faceted approach ensures that the development not only enhances the residential experience but also contributes positively to the local community and urban fabric of Fitzroy," CS added.

<img alt="Cera Stribley Fitzroy" data-entity-type="file" data-entity-uuid="5b69634a-20dc-4424-85f0-f622cc8bb620" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-12%20at%204.11.59%E2%80%AFPM.png?VersionId=s_hd89rrqb6tj6Qmxfy4iDPseyxwf5fX" />

There will be 28 two-bed apartments on offer and 29 three-beds, of which five are subpenthouses that will have 3.5 bathrooms and a second living area.

There is a push for the development to be sustainable.

"Every project is an opportunity to help accelerate Greater Melbourne’s transition towards becoming the world’s first Self Sufficient City," Cera Stribley noted.

"We are extremely excited about this opportunity to work together with City of Yarra to create an example to help future generations. We are not interested in doing less harm, it’s time for us to create a positive impact through the construction industry."

<img alt="Cera Stribley Johnston St" data-entity-type="file" data-entity-uuid="9e8d9b84-4233-40a7-8656-5f93763158fc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-12%20at%204.12.05%E2%80%AFPM.png?VersionId=7V3rivVRARUCocwHukCbVXJ9qDmuxmr3" />

The aim is for there to be a 51 per cent reduction in energy usage and 15 per cent renewable energy generation, and a 25 per cent reduction in water usage.

Contour Consultants said in its Town Planning Report the proposal "embodies architectural and urban design excellence and will make a positive contribution to the appearance, amenity and safety of the public realm."

Johnston St has been particularly busy in recent months. <a href="/developers/sma-projects">SMA Projects</a> is preparing its latest development, <a href="/new-apartments/the-regent-fitzroy-340-fitzroy-street-fitzroy-vic-3065">The Regent Fitzroy</a>, following development approval, while further down Johnston St in <a href="/developments/abbotsford-vic-3067">Abbotsford</a>, Valeo Construction has recently started the build of <a href="/new-apartments/new-johnston-abbotsford-400-johnston-street-abbotsford-vic-3067">New Johnston</a> for <a href="/developers/dcf-property">DCF Property</a>.

[smartcode_project_cta:default project_id=146251]

First look exclusive: Cobild plot Johnston St, Fitzroy new apartments

Rhodes has become a popular spot for some of Sydney's biggest developers.

The likes of Billbergia and Deicorp have taken to the peninsula suburb to develop some of its most architecturally striking skyscrapers.

However the latest plans, filed by a company linked to Joseph and Pierre Jacobs of Prolet Construction, are for something more boutique.

They're seeking to develop an eight-level building on a&nbsp;1854 sqm triangular site at 2-4 Denham St. It will have 34 apartments above three basement levels of parking for 34 cars and 68 bicycles.

There will be six one-bedroom apartments on offer, 18 two-beds, and 10 three-bed apartments.

Designed by <a href="/architects/pbd-architects">PBD Architects</a>, the Denham St development will incorporate a podium form to create a balanced, human-scale streetscape that aligns with the existing lower-scale development and the desired future character of the area.

<img alt="2-4 Denham St Rhodes apartment development" data-entity-type="file" data-entity-uuid="390e9770-9753-4404-8da6-156251650e46" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2-4%20Denham%20St%20Rhodes.png?VersionId=bkOjwx_MaDyueVq3e8wT6xX6CoNMnIHo" />

The building's massing and façade details are designed to harmonise with the local character while responding to the sun, views, setbacks, and the site's context.&nbsp;

The design is characterised by using differently pigmented precast concrete and a curtain wall system, which are durable and hard-wearing materials to ensure the development's longevity and enhance its integration into the neighbourhood.

The apartments are designed to maximise the north-facing aspect, ensuring adequate daylight access during winter, with private open space balconies or terraces to further maximise cross-flow ventilation.

<img alt="2-4 Denham St" data-entity-type="file" data-entity-uuid="3d1b9a15-960c-4452-bf38-58f956659b96" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2-4%20Denham%20St%20Rhodes%20site.png?VersionId=1kUPX39iUzOURy3DX4Qe4vNjz4Is4eU_" /> 
The developer has also collaborated with landscape architect <a href="/landscape-architect/site-image">SITE IMAGE</a> to integrate the building design with its natural surroundings, using a predominantly native planting palette to soften the building footprint and connect it with the existing local environment.

Strategically located, Denham St is conveniently within 210 metres from a proposed primary school site, 450 metres from a proposed ferry wharf, and 750 metres from the Rhodes train station.

First look: New Rhodes apartments pitched

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.

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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>.

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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.

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Joel Robinson

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