As Sydney exits winter, the Eastern Suburbs new apartment market is starting to hot up once more.

Despite the chill setting in, enquiry across Australia's most affluent region remained strong.

Q1 2024 saw the highest level of enquiries for the Eastern Suburbs on Urban since 2022, surpassing the previous peak in Q4 2023, according to data from <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, Apartments.com.au's new data product.

While demand cooled from the Q1 spike, Q2 2024 was comparable with Q4 2023, showing a prolonged increase in demand in the last three quarters in the Eastern Suburbs.

Demand in Q1 2024 was primarily driven by the upper end of the market. There were more enquiries for apartments between $2.5 million and $4 million than there were for apartments priced under $2.5 million.

Q2 saw a shift back to affordability, with the final release of apartments at Crown Group's <a href="/developments/eastlakes-nsw-2018">Eastlakes</a> apartment development, <a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Residences</a>. The two-bedroom apartments in The Grand Residences are selling for well below $1 million.

Due to a shareholder dispute, Crown Group was placed into provisional liquidation in August 2023. The apartments are now being released to the market in an ordinary wind-down of the Group. &nbsp;

The first stage of the project, above a vibrant precinct with 15 retailers, features Crown Group’s signature high-end amenity that includes a 25-metre heated pool, gym, landscaped gardens, BBQ facilities, and rooftop deck with panoramic views.

[smartcode_project:default project_id=7652 project_image_fid=262585]

<a href="/developments/bondi-junction-nsw-2022">Bondi Junction</a> proved to be the most popular eastern suburb in Q2 2024. It was the most searched postcode on Urban in the three months to July, followed by <a href="/developments/rose-bay-nsw-2029">Rose Bay</a>, <a href="/developments/bellevue-hill-nsw-2023">Bellevue Hill</a> and <a href="/developments/maroubra-nsw-2035">Maroubra</a>.

<a href="/new-apartments/the-centennial-collection-east-sydney-2-nelson-street-bondi-junction">The Centennial Collection</a>, at the eastern end of Bondi Junction bordering Centennial Park, is the only&nbsp;new development in market in the area. The two adjoining 10-level buildings with 73 apartments feature two swimming pools, one on the roof and one winter pool, protected on the side of one building.

The Centennial Collection is on target to be completed by late 2025.

[smartcode_project:default project_id=136076 project_image_fid=212615]

Its developer, Stargate, <a href="/news/nsw/first-look-exclusive-stargate-seek-new-oxford-st-bondi-junction-apartment-development">filed plans for another Bondi Junction site</a>&nbsp;recently, just 400 metres down the road from The Centennial Collection. They're proposing 111 apartments across a 15-level building designed by SJB at 362-384 Oxford Street, on the corner of Oxford and Newland Street.

There's been significant newsworthy activity across the Eastern Suburbs in Q2 2024, however the most significant was probably from Bondi Beach where the penthouse atop Hall &amp; Campbell at 124-126 Campbell Parade, developed by Allen Linz's Rebel Property and Eduard Litver's Capitel Group, <a href="/news/nsw/hall-campbell-sets-new-apartment-record-in-bondi-beach">sold for a record $105,000 per square metre</a>.

The $23 million, five-bedroom apartment sits atop the building that is currently under construction by Trescon.

The redevelopment of the&nbsp;<a href="/news/nsw/coogee-bay-hotel-redevelopment-gets-the-green-light-after-five-years-of-planning">Coogee Bay Hotel into a mixed-use development</a> with 58 new apartments above 11 new retail spaces was greenlit, while builder, developer, and architect powerhouse <a href="/developers/orosi">Orosi</a> sought to create <a href="/news/nsw/first-look-exclusive-orosi-plan-rose-bay-shoptop-on-key-gateway-site">one of the largest developments</a> Rose Bay has seen in decades.

<img alt="Orisi" data-entity-type="file" data-entity-uuid="a20f43b1-e0f0-41a3-847d-2e48134b7cab" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-05%20at%2010.32.52%E2%80%AFAM.png?VersionId=vENx8CogDGDxxynmUV4eXN_0lctM.MSq" />The Rose Bay plans submitted by Orosi for <a href="/new-apartments/orosi-rose-bay-1-the-avenue-rose-bay">1 The Avenue</a>. Image supplied

At the halfway point in the year, we pulled together the top new proejcts that are expected to be live and in market before the end of 2024.

To see that list, which covers projects in Bondi, Edgecliff and Rose Bay, <a href="/news/nsw/the-eight-hottest-off-the-plan-apartment-developments-coming-to-sydney-in-2024">click here</a>.

Joel Robinson

What are new apartment buyers in Sydney's Eastern Suburbs looking for? MatterFact Insight

The Avidan family's DARE Property Group is taking its well-regarded Eastern Suburbs development ethos to Mosman, where they're planning on bringing in a new era of shoptop housing to the Lower North Shore's most affluent suburb.

Earlier this year <a href="/developers/dare-property-group">DARE</a> secured a prime&nbsp;1,286 sqm, triple site at&nbsp;696, 700 and 706 Military Road, in the heart of Mosman.

It is&nbsp;currently occupied by tired shoptop housing, which is set to make way for&nbsp;<a href="https://www.apartments.com.au/new-apartments/amara-mosman-696-706-military-road-mosman-nsw-2088">AMARA</a>, a fresh new building designed by DKO Architecture who says the proposal considers Mosman’s eclectic character, materiality and colour along Military Road and heritage surrounds.

"As&nbsp;Mosman evolves further to meet changing conditions, it is vital that its architecture and built fabric changes to preserve and improve on its identity, while responding to the needs of a new generation," DKO noted in the Design Outline submitted to the local council.

<img alt="DARE" data-entity-type="file" data-entity-uuid="cbc79f40-4763-4e74-9826-089fbf16aeb7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-05%20at%209.14.10%E2%80%AFAM.png?VersionId=Qckx.F2O3M6oTEFn.elZpxX6f05BlPaw" />

The plan is for 27 apartments above a revived street-level retail. There will be one, two and three-bedroom largescale apartments on offer.

The apartments wrap around a central courtyard which DKO says is a key feature for the project and a point of difference for the development's community.

"Open to the sky, this central courtyard is filled with natural daylight, allowing plants to thrive. Additionally, planters off each level’s residential lobby places nature at the doorsteps of individual homes. With common corridors open to the sky and landscape, a unique entry experience is crafted for residents."

<img alt="DARE" data-entity-type="file" data-entity-uuid="c8a324c2-5cfe-448d-a5fe-f832ec05a028" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-05%20at%209.15.44%E2%80%AFAM.png?VersionId=BPcSeEYttGWgCoFP17PDUebF1SZemBEb" />

David Avidan says Mosman is at a crucial point in the suburb's lifecycle.

"As consumers pivot away from shopping malls, the opportunity has never been greater to reinvigorate the local streetscape with European-style cafes, bars and desirable retail," Avidan said.

"DARE is committed to delivering a project that will meet the needs of the Mosman community, as well as compliment the existing village life by way of delivering spaces that will attract renowned retailers who would have previously overlooked the idyllic enclave” &nbsp;

DARE is committing to the NSW Government's push for affordable housing. Eight of the 27 apartments will be affordable housing.

"Providing diversity in housing for the Mosman community assists in creating a vibrant and inclusive neighbourhood," DKO noted.

DARE Property Group has predominantly operated in the luxury Eastern Suburbs market. They're currently developing <a href="/buildings/fontaine-vaucluse-63-new-south-head-road-vaucluse">Fontaine at Vaucluse</a>, just six luxury apartments, as well as <a href="/new-apartments/piper-2a-wunulla-road-point-piper">Piper</a>, 15 apartments on Point Piper's dress circle Wolseley Road in a joint venture with Fortis.

In mid-2023 DARE completed <a href="/new-apartments/kalypso-63-fletcher-street-tamarama">Kalypso</a> in Tamarama, where the $17 million penthouse sold for a record $96,500 per sqm.

"As consumers pivot away from shopping malls, the opportunity has never been greater to reinvigorate the local streetscape with European-style cafes, bars and desirable retail," David Avidan said.

First look exclusive: Established luxury developer Dare Property Group plants a flag in Mosman with AMARA

Billbergia, one of Sydney's most active developers, is continuing to assist in helping the NSW Government reach its ambitious goal of delivering 376,000 new dwellings, including approximately 15,800 social and affordable homes, by 2029.

<a href="/developers/billbergia">Billbergia</a> has lodged a State Significant Development Application for a mixed-use apartment development at a 1,537 sqm site in <a href="/developments/rhodes-nsw-2138">Rhodes</a>. They're seeking a 30 per cent height uplift, given the amount of affordable housing they're including in the tower.

The Design Excellence Scheme by Group GSA was for 37 levels, but Billbergia is seeking to add a further 11 levels given their commitment to 15 per cent affordable housing. The uplift takes the 117-metre permitted height to 152 metres.

<img alt="Billbergia" data-entity-type="file" data-entity-uuid="273a3e54-c278-4918-87b9-2d716c7487f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-02%20at%2011.50.50%E2%80%AFAM.png?VersionId=g6tIkgXkLZR3wWddt5n0u.MHYSrLAfI_" />

The site at 9 Blaxland Road and 424 Concord, situated in the central area of Rhodes, has been identified as an important Strategic Centre in the Eastern City District Plan, with significant potential for creating additional jobs and homes.

Currently occupying the site is the Rhodes Business Centre, a four level commercial office building which Group GSA says "lacks active frontages at the ground level and engages with the surrounding public domain poorly."

The new development aims to capitalise on Rhodes' proximity to transport corridors, employment centres, and recreational facilities, making it suitable for affordable and market housing.

<img alt="Billbergia Rhodes" data-entity-type="file" data-entity-uuid="00ac135c-3e83-43bc-95db-8a300cd374e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-07%20at%2010.27.50%E2%80%AFAM.png?VersionId=dfX75J49coa.udoSoWhCBKAnuMCYjgvK" />

The 48-level mixed-use residential tower will home 319 apartments, with 15 per cent designated to affordable housing.&nbsp;

The apartment mix comprises 13 studios, 54 one-bedroom apartments, 129 two-beds, 114 three-beds, five four-bedroom, and four five-bedroom units, set above 1,333 sqm of retail and commercial spaces in the podium.

An architectural design competition held in April 2023 saw&nbsp;<a href="/architects/group-gsa">Group GSA</a>&nbsp;chosen to design the building which will sit in landscaping by&nbsp;Singapore-based landscape architects Salad Dressing.

"The landscape design has been embedded into the architecture of the proposed building, creating a ‘vertical forest’ and ‘community in the sky’," the documents submitted to NSW Major Projects planning portal.

"The vertical forest will soften the building and improve the visual amenity of the site."

There will be a green link between the ground floor and the public domain up to the rooftop canopy.

<img alt="Billbergia" data-entity-type="file" data-entity-uuid="7c1b479c-7ed9-4d33-9174-26f8bee43bbc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-02%20at%2011.50.57%E2%80%AFAM.png?VersionId=sNgqfPi8Ar0FI.Nlpuwu_bFbjVvI..Kr" />

Communal spaces are also integrated into the design, with two areas of communal open space for residents.

The development will include 12 basement levels for 280 car parking spaces, 723 bicycle parking spaces, and 64 motorbike spaces.

New street trees will be planted in the public domain and along all road frontages, and a rooftop canopy will offer additional greenery.

The site's location is highly accessible, with an entry portal to the Rhodes Train Station immediately adjacent to Blaxland Road and nearby bus services on Concord Road.

The site at 9 Blaxland Road and 424 Concord Road, situated in the central area of Rhodes, has been identified as an important Strategic Centre in the Eastern City District Plan

First look: Billbergia plot Rhodes tower with affordable housing uplift

Sydney and Melbourne property developer, Time &amp; Place, has been given the green light for its first project on Sydney's Northern Beaches.

They'll be developing in <a href="/developments/manly-nsw-2095">Manly</a>&nbsp;where they've secured approval for Two Tides, a five-level, $100 million development with 24 apartments at <a href="/new-apartments/two-tides-manly-9-raglan-street-manly-nsw-2095">35-43 Belgrave Street</a>.

The two and three-bedroom apartments will sit above ground-floor retail.

Designed by&nbsp;<a href="/architects/sjb-architects">SJB Architects</a>&nbsp;to target&nbsp;local downsizers and rightsizers, the development primarily aims to appeal to residents who have lived in Manly for many years and want to stay in the suburb.

<a href="/developers/time-place">Time &amp; Place</a> Director, and Manly local, Evan Papadopoulos, said they have developed a building that they believe is tailored to optimise all the best things Manly has to offer.

"Future residents will appreciate the proximity to the beach and convenience to the ferry. They likely have grown up in Manly or lived here for many years and appreciate the unique lifestyle that Manly offers, where you can wake up at 6:30, be surfing by 7, then be back home, showered, and in the city by 8:30am."

<img alt="Manly" data-entity-type="file" data-entity-uuid="192b4ba2-c97b-460f-aa6c-6b6a55472899" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-01%20at%205.55.55%E2%80%AFPM.png?VersionId=sDBLUOWqc95g3E7.xq6Zdyw6thZRpagm" />

He said the team is particularly proud of the penthouses which will introduce generous outdoor spaces that offer unparalleled views.

&nbsp;

"As a Manly local, I am incredibly proud to bring this exceptional development to the heart of our vibrant neighbourhood. Time &amp; Place is deeply invested in Manly, and we are keen to establish ourselves as an integral part of this tight-knit community.

"This development will not only bolster the local economy but also enrich the lives of residents, enhancing the unique and inspiring lifestyle that makes Manly so special. We are steadfast in our commitment to this amazing part of Sydney and are actively looking for new opportunities in the area."

Time &amp; Place is currently in active conversations with a local favourite retailer to occupy the ground floor retail space.

Time & Place Director Evan Papadopoulos, said they have developed a building that they believe is tailored to optimise all the best things Manly has to offer.



Time & Place secure approval for Two Tides, Manly apartment development

Melbourne developer,&nbsp;M3 Group, has sold out its&nbsp;inaugural townhouse development, 158 Purinuan Rd in Reservoir.

Each of the four townhouses were delivered in just eight months through M3's own inhouse construction team, and were snapped up pre-completion by owner-occupiers who have recently settled on their purchases.

Vincent Mancuso, Director of <a href="/developers/m3-group">M3 Group</a>, said the team are thrilled with the success of <a href="/buildings/158-purinuan-rd-by-m3-group-158-purinuan-road-reservoir">158 Purinuan Rd</a>.

"Our team's dedication to quality and attention to detail has clearly resonated with buyers, and we look forward to continuing this momentum in our future projects."

One of the truest signs of a reputable builder and developer is they deliver on what they've sold. Below is an image of the completed townhouse, which looks identicle to the renders created as part of the marketing through Blair Property's Darren Blair.

<img alt="158 Purinuan Rd by M3 Group" data-entity-type="file" data-entity-uuid="4fb0b30a-899a-4547-b8cd-ea1239afcb8a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/RESERVIOR-8.JPG?VersionId=Z6KmcSa1MfZ374DEKajrI79XEgr4wPDp" />

Darren Blair, Director of <a href="/project-marketer/blair-property">Blair Property Group</a>, said the rapid sell-out and settlement of 158 Purinuan Rd is a clear indication of the market's confidence in M3 Group's ability to deliver high-quality homes.

"We are excited about the upcoming completions and new launches, and we are confident they will continue to meet and exceed buyer expectations."

[smartcode_project:default project_id=142461 project_image_fid=240514]

M3 Group is creating a string of new townhouses in <a href="/developments/reservoir-vic-3073">Reservoir</a>, redefining the townhouse landscape and offering something that's not been delivered before in the suburb north of Melbourne.

They have sold four out of five townhouses in their other Reservoir development 48 Dundee Street, which is set to complete next week, while 69 Hickford St, another four townhouses, is around four weeks out from completion. Only one townhouse remains there too.

&nbsp;

M3 Group is now switching its focus to the neighbouring Preston where they're soon to start construction on four townhouses at 23 Sussex Street, just off Dundas Street and not far from the&nbsp;Preston Activity Area.

[smartcode_project_cta:default project_id=142461]

M3 Group is now switching its focus to the neighbouring Preston where they're soon to start construction on four townhouses at 23 Sussex Street

M3 Group sell out Reservoir townhouses 158 Purinuan Rd before settlement

There's no slowing down Fouad Deiri and <a href="/developers/deicorp">Deicorp</a>.

The Sydney developer, who will complete over 2,000 new apartments by the end of 2024, is adding a further 1,200 apartments to its ever-growing pipeline.

They're preparing plans in <a href="/developments/five-dock-nsw-2046">Five Dock</a>&nbsp;where they've submitted the first stage of a State Significant Development with the NSW Government for six towers up to 30 levels, with 1,185 apartments, of which 15 per cent will be affordable. There will also be some apartments designed specifically for build to rent.

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="3858784d-2a66-4696-b4ee-f1543d49a22d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-31%20at%207.12.31%E2%80%AFPM.png?VersionId=6sjxvLWZyzDwHVGrSBX1R5YajceydyU9" />

The apartments will sit above a six to eight-level podium 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.

The masterplan also includes a basement parking with a tunnel connecting two parking lots beneath a proposed council road, and extensive public benefits, such as 2,290 sqm of public open space, new public roads, and pedestrian pathways.

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="36ba4bb6-3883-4f94-8d5d-bac5c10f18e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-31%20at%207.12.41%E2%80%AFPM.png?VersionId=xvqp7HYIS54RzMFqjLK5YVl.P9uJzkLO" />

The three-hectare site, incorporating 53-75 Queens Road and 129-153 Parramatta Road, a site which Deicorp picked up last year for a reported $260 million, is strategically located within 400 metres of regular bus services on Parramatta Road.

The site was part of the broader revitalisation of the Parramatta Road Corridor as outlined in the NSW Government's 2016 strategy which&nbsp;aims to enhance the 20-kilometre corridor with better amenities, improved transport, walkable neighbourhoods, and diverse housing options.

The development is part of a larger master plan by the City of Canada Bay Council, which envisions 2,500 homes by 2050.&nbsp;

<img alt="Deicorp five dock site" data-entity-type="file" data-entity-uuid="02a619eb-26fd-40f7-916f-fb4ad636f448" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deicorp%20site.png?VersionId=ehFaVpOrZAAligMs3yNWIJ2j7omicpcH" />

The Five Dock project, dubbed <a href="/new-apartments/kings-bay-village-53-75-queens-road-five-dock">Kings Bay Village</a>, is also in proximity to the planned Burwood North and Five Dock metro stations, aligning with the Minns government's support for development near new transport hubs.

Deicorp's active role in addressing Sydney's housing challenges is underscored by its recent acquisitions and large-scale projects. It currently has&nbsp;4,400 new apartments currently under construction across 11 projects in Greater Sydney.

Its most recent development application came in Zetland where the vertically integrated builder developer is <a href="/news/nsw/first-look-exclusive-deicorp-submit-plans-for-joynton-square-mixed-use-zetland-precinct">planning nine new buildings</a> that will form a new precinct they're calling Joynton Square.

Deicorp's active role in addressing Sydney's housing challenges is underscored by its recent acquisitions and large-scale projects. It currently has 4,400 new apartments currently under construction across 11 projects in Greater Sydney.

Deicorp lodge State Significant Development application for 1,200 apartments in Five Dock

A year after paying around $35 million for a large 8,475 sqm site in the heart of Kew, boutique Melbourne apartment developer Piccolo&nbsp;has revealed what it intends to do with it.

They've filed $50 million plans to the Boroondara Council for five three-level buildings at 18 Barry Street, a block near&nbsp;<a href="/developments/kew-vic-3101">Kew</a> Junction shopping village that is&nbsp;currently occupied by a former residential aged care facility.

There will be 60 two, three and four-bedroom apartments as part of&nbsp;<a href="/new-apartments/piccolo-house-barry-st-kew-barry-street-kew-18-barry-street-kew">A Piccolo House , Barry Street</a>, part of the Piccolo House collection that targets the high-end owner-occupier. Its most recent development, <a href="/new-apartments/a-piccolo-house-gore-st-fitzroy-385-gore-street-fitzroy">A Piccolo House, Gore Street</a> in <a href="/developments/fitzroy-vic-3065">Fitzroy</a>, secured a flurry of sales when it launched last year, quickly selling 70 per cent of the 49 apartments.

<a href="/developers/piccolo">Piccolo</a>, led by industry veteran Michael Piccolo, is once again teaming up with <a href="/architects/woods-bagot">Woods Bagot</a>, the architecture firm who has a string of proejcts with Piccolo. The developments end value is expected to be around $180 million.

<img alt="A Piccolo House - Barry Street in Kew, Barry St Frontage" data-entity-type="file" data-entity-uuid="3e72e815-4e96-4655-8a2f-72c6b6482797" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Barry%20St%20Frontage.png?VersionId=Ze8PCoyHGmsYUsG.BTfOsjj8cW6ohuDt" /> 
The Barry St Entrance. Image credit: Woods Bagot

The five buildings,&nbsp;in landscaping by ACRE, will comprise three levels of apartments, each with generous private outdoor spaces or balconies.&nbsp;

The buildings will be arranged around a central communal area. Buildings A and B will each have 10 apartments, Building C will home 12 apartments, while Buildings D and E will have 14 apartments a piece.

The buildings will sit above a basement with 133 parking spaces, additional visitor and staff parking, and 72 bicycle parking spaces.&nbsp;

<img alt="A Piccolo House - Barry Street in Kew, A Beckett Frontage" data-entity-type="file" data-entity-uuid="3b8efd3c-47bd-4da6-92a6-7e7a5b1a59c9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A%20Beckett%20Frontage.png?VersionId=OvWcAtgcY3lgtdVlJ1s60BurYjQRmqlW" />The view from A'Beckett St. Image credit: Woods Bagot

Future residents will also have access to extensive communal spaces, like a north-facing central outdoor area, as well an amenities building dubbed 'The Meadow' that will feature communal entertaining areas, a wine cellar, and a landscaped rooftop.&nbsp;

There will also be health and fitness facilities, including a gym, yoga room, spa, and golf simulator. A guest studio, lobby, concierge, and staff offices will also be part of the development.

<img alt="Barry Street" data-entity-type="file" data-entity-uuid="f48c03c2-65cb-4019-a9f3-ee19ea6db4c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-31%20at%206.19.01%E2%80%AFPM.png?VersionId=8cgZu52vrvRJzWUGMd92Yt46yFBu8VPS" />The view from Barry St. Image credit: Woods Bagot

The planning assessment report prepared by&nbsp;Contour Consultants said, by definition pursuant to the provision of the GRZ4, the site is a "super sized lot".

"In response [to the Planning Policy Framework], the delivery of 60 high quality apartment dwellings contributes to the provision of a diverse housing type that will cater to a variety of households and families, on a large, under-utilised parcel of land and in an area with good access to transport, employment and a range of other services and facilities," the report noted.

It highlighted the State Government's "bold target" set in September 2023 to build 800,000 new homes by 2033 to address housing shortages and housing affordability.

"Larger sites such as the subject site which provide the opportunity for increased dwelling density, play a significant role in achieving the goals set out by the Victorian Government."

<img alt="Piccolo" data-entity-type="file" data-entity-uuid="d1a335eb-e706-493a-a810-67fec3405030" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-31%20at%206.28.20%E2%80%AFPM.png?VersionId=lkmCccj1Xn.hq6cmMrgy0IT_RJVyjC_g" />The site is currently occupied by an unused residential aged care facility

When securing the site in midway through 2023, Michael Piccolo highlighted the site's potential due to its&nbsp;tranquil setting.

"Its location, surrounded by the serenity of leafy streets and impressive vistas, combined with its scale, liveability, and character, ticks all the boxes for us," Piccolo said.

"This unique opportunity is a rare gem in the current market, where properties of such calibre are extremely scarce."&nbsp;

[smartcode_project_cta:default project_id=141498]

There will be 60 two and three-bedroom apartments as part of A Piccolo House , Barry Street, part of the Piccolo House collection that targets the high-end owner-occupier

First look exclusive: Piccolo plot new Kew apartment development

The development industry on the Gold Coast seems to be coming out of the other side of the construction that plagued the industry for the last several years.

Many developers have had to react in a way they had never been able to predict four years ago. The likes of <a href="/developers/iris-capital">Iris Capital</a>, <a href="/developers/siera">Siera Property Group</a> and <a href="/developers/andrews">Andrews Projects</a> have brought construction inhouse, mitigating the risk of appointing an external builder.

One developer caught up in the problematic build environment was <a href="/developers/steer-developments">Steer Developments</a>, who had been full throttle on <a href="/new-apartments/c-te-palm-beach-3-thirteenth-avenue-palm-beach">Côte Palm Beach</a>, a luxury development of 17 apartments a short walk from the sand, before the collapse of GCB Constructions.

[smartcode_project:default project_id=112548 project_image_fid=205277]

Following a difficult period of 12 months trying to secure a builder and manage the expectations of those who had already purchased in the luxury building, Steer Developments Director Rob Steer decided to take matters into his own hands becoming the head contractor.

He teamed up with several building industry experts to create SunBuilt, a new construction company that will deliver the $55 million luxury development. SunBuilt will act as Steer Developments inhouse construction arm,&nbsp;eliminating the tedious search for a reliable builder.

SunBuilt founding partner Damien Todd told Urban that SunBuilt was founded out of a pressing need for transparency and reliability in the construction industry on the Gold Coast.

"In a market where managing the construction process can be challenging, SunBuilt emphasises its experience throughout the whole development lifecycle. Professionalism, collaboration, quality and transparency is at our core," Todd said.

“Our approach provides greater certainty that projects are completed on time, within budget, and to the highest standards."

Rob Steer said it is a huge bonus to have an inhouse builder to guarantee the purchasers the quality of finishes that are expected in a high-end, boutique development such as Côte Palm Beach.

[smartcode_project:default project_id=112548 project_image_fid=205286]

"With only 17 apartments, each residence is designed with the utmost attention to detail, creating an intimate living environment that larger developments simply cannot match," Steer said.

"Each home features exquisite interiors with high-end finishes, bespoke cabinetry, and state-of-the-art appliances. The open-plan living areas are designed to maximise space and light, creating a seamless flow from indoor to outdoor living.

"Expansive balconies provide superb alfresco settings for everyday living or entertaining, offering breathtaking views and a perfect spot to enjoy the coastal breeze."

[smartcode_project:default project_id=112548 project_image_fid=205278]

Steer had sold half of the apartments in Côte, on an 810 sqm site located at 3 Thirteenth Avenue, before construction paused.&nbsp;

The buyers, most from the start of 2023, have stuck with Steer and the team, resembling the demand for a sure product.

"The buyers understood the build environment and knew the quality of what we were putting forward. While it's taken a little longer to realise given the collapse of the previous builder we're now excited to announce basement works are well underway and delivering on our promise for our buyer."

Demolition of the old 1960s ‘Surfside Motel’ on the prime site is complete, and now SunBuilt is starting to work on the basement levels of the nine-level building that features with a striking sculpted facade by designed by DKO as well as luxury modern interiors by Plus Architecture.

Each apartment at Côte has three bedrooms, a multi-purpose room, three-and-a-half bathrooms, and two secure underground car spaces.

[smartcode_project_cta:default project_id=112548]

"SunBuilt was founded out of a pressing need for transparency and reliability in the construction industry on the Gold Coast," Steer told Urban

Exclusive: Steer Developments bring construction inhouse as Sunbuilt revive Cote Palm Beach apartments

The latest dwelling approvals released by the ABS paint a bleak picture for the future of housing in Australia.

Following two months of growth, total dwelling approvals dropped -6.5 per cent in June, to be back around 12 year lows.

The most glaring statistic was that the declines were driven by New South Wales (-18.8 per cent) and Victoria (-13.5 per cent), the home of two of our largest capital cities and immigration hotspots.

Over the past 12 months, there have been a total of 162,892 dwellings approved, compared to 177,936 in the 12 months prior, representing an -8.5 per cent decrease. It's the lowest number of dwellings approved on a financial year basis since 2011/12.

Dwelling approvals had been trending upwards, marginally, in the two months prior to the latest release.&nbsp;

The result came in below consensus expectations of a milder -2 per cent fall although that mainly reflected a sharp drop in the volatile units component.&nbsp;

Approvals for private sector dwellings excluding houses (townhouses, apartments and terrace houses) fell by -19.7 per cent in June, reaching the second-lowest monthly level recorded since January 2012.&nbsp;

<h2>Dwelling Approvals by Building Type</h2>

<img alt="Dwelling" data-entity-type="file" data-entity-uuid="c43443ec-8b14-4237-a7e3-5e8609378858" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-31%20at%2011.48.09%E2%80%AFAM.png?VersionId=820tT7ActWtlQU34Jy7WZAgGs20h8oGu" />

“These building approval numbers are an alarm bell that this housing crisis could rapidly escalate into a political crisis if further action isn’t taken,” said Stuart Ayres, CEO,&nbsp;UDIA&nbsp;NSW.

“Every month of underwhelming data requires another future month of increased approvals for us to have any hope of recovery. We do not want to see these housing targets drift into the realm of impossibility."

The Property Council of Australia said the decline in approvals is another clear sign of the challenges ahead to the national housing targets.&nbsp;

<a data-entity-type="file" data-entity-uuid="ee9bdceb-a292-4e98-89b8-fefb5aa36ada" href="/developments/sydney-nsw"><img alt="Search New Property Across Sydney" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-02%20at%202.37.15%20pm.png?VersionId=2647mseF7WdBlu_6UdgG_43IFQI8Ypg1" /></a>

Property Council Group Executive Policy and Advocacy Matthew Kandelaars said the figures continue to paint a challenging picture for reaching our 1.2 million new homes by 2029 target.&nbsp;

“That our dwelling approval numbers have hit the lowest number on a financial year basis in &nbsp;over a decade is a clear sign of the challenges we face in delivering the homes Australians need,” Kandelaars said.&nbsp;

“If we don't accelerate our efforts, we will fall far short of what should be an attainable target.&nbsp;Governments nationwide must use every available measure to help industry deliver the desperately needed supply of new homes.&nbsp;

“We need an invigorated focus on supply-inducing last-mile infrastructure, more construction labour and we need to ensure that first-home buyers are given a better chance of accessing credit for housing.&nbsp;

“To achieve our goal of 1.2 million homes, we need to adopt a proactive mindset and pull every lever available to unlock more supply – including new homes for students, renters and retirees."

“These building approval numbers are an alarm bell that this housing crisis could rapidly escalate into a political crisis if further action isn’t taken,” said Stuart Ayres, CEO, UDIA NSW

Dwelling approval drop highlights urgent need for interest rate drop or incentive for developers to build

Luxury developer Aqualand's involvement in the transformation of North Sydney started right from the company’s outset.

It was 2015 when Aqualand secured a 4,000 sqm site at 168 Walker Street, one of its first site acquisitions just a short walking distance to the new Victoria Cross Station. At that time, the plans for the station were only being drafted.

Now, with construction recently completed on schedule, which is rare in the industry, the timing couldn’t be better for Aqualand to be welcoming new residents to its luxury apartment precinct, <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>. Victoria Cross Station is to open imminently, and will take <a href="/developments/north-sydney-nsw-2060">North Sydney</a> residents to Barangaroo in just three minutes.

[smartcode_project:default project_id=30959 project_image_fid=284260]

There are also new laneways as part of the Metro that has completely revitalised North Sydney. No longer just a commercial precinct, North Sydney is well and truly on the map for everything from cafes and culture to connectivity and convenience.

The recent announcement that Reddam House, one of the most prestigious private schools in the country, is coming to North Sydney, is also now drawing families to the area. Reddam House North Shore is being developed directly across the road from AURA.

<a href="/developers/aqualand-australia">Aqualand</a> wanted to do more to contribute to the transformation of North Sydney over and above crafting a luxury apartment building. They wanted to create a community, not only for their residents, but integrate them with the wider North Sydney neighbourhood.

On the doorstep of AURA by Aqualand is a two-level curated food and beverage podium with four world-class venues operated by their hospitality business Etymon Projects. They have recently opened and are thriving under the eye of former Sepia chef Rhys Connell. Within the podium there's Sol, a bakery and wine bar; Una, an artisanal providore; Soluna, an LA-inspired, relaxed dining, bar and lounge and Genzo, a Japanese restaurant (pictured below).

<img alt="Etymon" data-entity-type="file" data-entity-uuid="eebb17aa-a7d3-4afc-b63a-f60e1abb5348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-30%20at%204.45.23%E2%80%AFPM.png?VersionId=pNcM1KDBrhcBZCBajiHLEmKyW_SOxxIQ" />

Aqualand Head of Sales and Marketing, Alex Adams, says there's never been a better time to be in North Sydney.

“We’re proud to be a leading the way in North Sydney’s rapid transformation into one of the harbour city’s most sought-after new residential lifestyle destinations," Adams says.

“With the ongoing commitment of North Sydney Council to revitalise North Sydney CBD, and the recent grand opening of our landmark AURA by Aqualand precinct, there’s never been a better time to be in this part of Sydney."

Adams says the growth of North Sydney as a live-work-play destination is bringing the community, workers, students and more visitors to the CBD by supporting activities after work hours, transforming it into a more vibrant and attractive suburb.

“Key to this vision is the investment in infrastructure with the Victoria Cross Metro opening early August and a series of activated laneways that connect Miller Street to two new plazas, while Ward Street across from AURA is being pedestrianised and will link to Denison Street, completing part of the north-south laneway network running from St. Leonards Park to the North Sydney train station then onto Lavender Bay.&nbsp;

“This pedestrian-friendly laneway and café culture will promote connectivity within the town centre, creating enticing pockets filled with lively cafés, bars and walking trails that add to the evolving cultural ecosystem of the area."

Aqualand scaled back its initial 2016 plans for 441 apartments so they could offer larger floorplans for their residents. Now there are 386 apartments in the 28-level <a href="/architects/woods-bagot">Woods Bagot</a>-designed tower that feature luxury interiors by Richards Stanisich.

[smartcode_project:default project_id=30959 project_image_fid=286062]

Kirsten Stanisich, Director and Founder of Richards Stanisich, said their interior design interprets the architectural concept for the building to reflect the sculptural shorelines and cliff faces of Sydney Harbour. Three colour schemes are available, light, mid, or dark palettes.

All residences afford a seamless flow from open space living to winter gardens, while some apartments feature a multi functional room that facilitates use as a secondary living area, an office, bedroom, or guest room. Completing the offering, select apartments enjoy sunlit glazed studies instead.&nbsp;

Having recently taken a tour of AURA by Aqualand, the apartment size, configurations, fixtures and fittings, are truly unmatched in North Sydney.

A combination of one, two, three and four-bedroom apartments remain and are ready to move in now

[smartcode_project_cta:default project_id=30959]

Having recently taken a tour of AURA by Aqualand, the apartment size, configurations, fixtures and fittings, are truly unmatched in North Sydney

AURA by Aqualand residents to benefit from North Sydney's continuing transformation

For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

Joel Robinson

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