Sunshine Coast developer&nbsp;Cube&nbsp;has been given the green light to push on with its latest local apartment development, Lago.

The&nbsp;<a href="/developments/birtinya-qld-4575">Birtinya</a> apartment development at&nbsp;2 Prosperity Drive will comprise just 47 luxury apartments, continuing Cube’s commitment to delivering residential projects in premium coastal locations up and down the Sunshine Coast.

With luxury apartments riding a wave of popularity on the Sunshine Coast, Cube Senior Development Manager Daniel Ryan said he expected a very strong response to the new project.

“With premium amenity and accessibility in a growing location, we anticipate a very strong response when Lago is released to market towards the end of this year,’’ Ryan said.

Lago is the latest in a successful pipeline of <a href="/developers/cube-developments">Cube</a> projects including Nature at Cotton Tree which is now sold out, Oasis at Bokarina Beach, and Lumeah Peregian.

“The demand for premium coastal apartments is driven by their unique blend of lifestyle, convenience, and investment potential,’’ Ryan added.

“Our projects, such as Lago, offer residents an unparalleled living experience with views, resort-style amenities, and close proximity to key lifestyle features.

“Coastal destinations such as the Sunshine Coast continue to attract both local and interstate buyers looking for a superior quality of life.

“We are confident that Lago will meet the high expectations of buyers and contribute to the ongoing appeal of our world-class region."

Joel Robinson

First look exclusive: Cube Developments secures approval for Birtinya apartment development, Lago

When it comes to apartment investing, one of the most important factors is securing a tenant.

To do so, apartments need to cater for the owner-occupier. Given the huge growth in the cost of rentals in the last three years, cookie-cutter apartments in a high-rise tower won't do.

At the same time, unit values have also jumped significantly across most parts of the country, which shows investors are not only reaping strong rents, but they're also netting a strong compound growth rate in the value of their investment.

One of the main factors in securing a tenant is supply v demand. Investors need to hit a spot where there's a lot of demand, ideally from a wide range of demographics, but also an area where there's less supply than demand.

<a href="/developers/jwland-development">JWLand</a>, one of Canberra's leading builder developers, is currently developing De Burgh in Northbourne Village in<a href="/developments/lyneham-act-2602"> Lyneham</a>, a suburb north of the centre Canberra which is largely populated by young professionals, students, and growing families.

[smartcode_project:default project_id=139989 project_image_fid=212887]

Lyneham's proximity to the city centre, coupled with local parks, wetlands, and a well-connected light rail service, makes it an ideal spot for those seeking convenience and an active suburban lifestyle.

Additionally, the area is near the Australian National University and various top-rated public schools, making it appealing for both students and families.

Investors have been attracted to the growth in Lyneham where the typical rental yield is five per cent, while unit growth rates average 5.8 per cent per annum over the past three years.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212914]

The median price for units has surged by 22.3 per cent in the past year, now standing at $608,000. Weekly rents in the area are robust, with median figures of $480 for one-bedroom apartments, $560 for two-bedroom apartments, and $750 for three-bedroom apartments.&nbsp;

These figures, along with a vacancy rate of just 1.9 per cent, indicate a strong and competitive rental market.

<a href="/developers/jwland-development">JWLand Development</a> has already sold out Embark and almost sold out The Sullivan, the first two stages of Northbourne Village. The third and final residential release,<a href="/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602"> De Burgh</a>, is set to welcome new residents in the second half of 2025.

[smartcode_project:default project_id=139989 project_image_fid=212915]

Boasting a central position in the Village, De Burgh is located just three kilometres from the city centre, placing future residents in a prime position to take in all Canberra has to offer.

Situated on Northbourne Avenue, just three kilometres from Canberra's city centre, De Burgh offers a range of one, two, and three-bedroom apartments, each light-filled with living areas connecting to outdoor spaces.

[smartcode_project:default project_id=139989 project_image_fid=212889]

Buyers can opt in for various upgrades to enhance their living experience at De Burgh. There's the option to include an electric vehicle charger in a car spot, or add the Smart Lock system to your phone which gives control of who has the digital keys to the apartment and when they can use them.

Other features of De Burgh include energy-efficient inclusions, embedded network services, a landscaped central courtyard, a parcel locker system, and low-cost levies. For those who love to entertain, there's also a rooftop garden and residents' lounge room.

[smartcode_project_cta:default project_id=139989]

Investors have been attracted to the growth in Lyneham where the typical rental yield is five per cent, while unit growth rates average 5.8 per cent per annum over the past three years. 

Why JWLand's De Burgh apartments in Lyneham present an ideal investment opportunity

Queensland developer Sherpa Property Group is moving ahead with construction of its latest Gold Coast apartment development.

They've appointed <a href="/builders/lps-group">LPS Group</a>&nbsp;to deliver <a href="/new-apartments/perspective-helm">Perspective Helm</a> at <a href="/developments/chevron-island-qld-4217">Chevron Island</a>, just 10 residences on a north-facing riverfront site at 107 Stanhill Drive.

There are four waterfront villas on offer, four river residences, and two two-level penthouses. Prices start from $3.7 million and range up to $10 million. Each will have three to four bedrooms and multi-purpose rooms.

[smartcode_project:default project_id=143018 project_image_fid=288900]

<a href="/developers/sherpa-property-group">Sherpa</a>&nbsp;General Manager, Daniel Clarke, said there's already been two contracts from local buyers.

“Our confidence in Perspective Helm continues to grow with each project milestone completed, from receiving development approval to securing a reputable and respected builder and incredibly strong inquiry.

“We just want to get in and start and that’s why we have fast-tracked to construction after the recent approval. Perspective Helm is unlike anything we’ve previously introduced to the market, and LPS Group was truly the perfect match to bring our vision to fruition.”

[smartcode_project:default project_id=143018 project_image_fid=288901]

Perspective Helm will be designed by architecture firm&nbsp;<a href="/architects/hal-architects">HAL Architects</a>&nbsp;and with interior design by MAS Architecture.

In addition to Perspective Helm, LPS Group was recently appointed to deliver Sherpa’s Perspective Nexus at Palm Beach, which is currently under construction.

Following development approval in May, the Perspective Helm site is to settle in late July, with construction commencing on August 1.

[smartcode_project_cta:default project_id=143018]

Sherpa General Manager, Daniel Clarke, said there's already been two contracts from local buyers

Sherpa appoint LPS Group to build Perspective Helm, Chevron Island apartments

Architect turned developer Joe Adsett is teaming up with developer Zephyr Group QLD for Palais Bulimba, a boutique collection of high-end apartments on the Brisbane River.

The duo has just filed a minor-change application for the project on a prime 1,991 sqm site at <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, each offering expansive living areas, state-of-the-art kitchens and premium fixtures and fittings. Residents will also have access to a communal rooftop terrace with a lap pool, gym, sauna, and private gardens.

Adsett's design focused on taking advantage of the 30 metres of absolute river frontage, connecting residents to nature and views with river-facing balconies.&nbsp;

&nbsp;

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.

<img alt="Palais" data-entity-type="file" data-entity-uuid="b2e59fe5-274a-4ff1-8855-3e85329fee14" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-26%20at%2012.03.30%E2%80%AFPM.png?VersionId=S8yAXZZQp.iwL7z1EAHx2.7O9sIJqxMv" />

Adsett and his team will be designing, managing the sales and development in partnership with developer Zephyr Group Qld, who will also build the project internally through their building division Zephyr Build.

"We are thrilled to have teamed up with Joe Adsett for this iconic project," said Zephyr Group Qld Managing Director Shane Winterton.

"Joe Adsett's vision for Palais Bulimba blends minimalist luxury in perfect harmony and is set to become a new icon in Bulimba."

&nbsp;

Zephyr Group Qld and subsidiary Zephyr Build Qld are a seasoned builder-developer with a proven track record spanning over a decade.

Adsett is one of Brisbane's most well-known architects. Since turning his eye to development, he's delivering <a href="/new-apartments/rockpool-rainbow-bay-154-156-marine-parade-coolangatta">Rockpool at Rainbow Bay</a> and <a href="/new-apartments/lagune-by-joe-adsett-20-queen-of-colonies-parade-moffat-beach">Lagune at Moffat Beach</a>.

Adsett is expecting Palais Bulimba to attract significant interest from both local and interstate buyers

First look exclusive: Joe Adsett partners with Zephyr Group for luxury Bulimba apartment development, Palais Bulimba

Burgeoning developer Toohey Miller is continuing its expansion into Sydney's most expensive property markets.

The developer, led by third-generation family member Nick Couloumbis whose grandfather founded <a href="/developers/toohey-miller">Toohey Miller</a> back in 1955 as an architecture practice, is heading to Woollahra, where they've convinced 16 owners to team up and part ways with their units in an interconnected, two-building development from the 1980s.

Plans with the Woollahra Council are for a new $29 million development designed by <a href="/architects/smart-design-studio">Smart Design Studio</a> at <a href="/new-apartments/3-fullerton-street-woollahra">3 Fullerton Street</a>, ideally located just behind Matt Moran's The Chiswick and a short walk from Woollahra's amenity on Ocean and Queen Streets.

The new development will be part five, part six level and home 15 apartments, the majority three-bedders.

Two basement levels will provide 31 parking spaces, while the huge four-bedroom penthouse will occupy the whole top floor and also have access to its own private rooftop terrace, complete with a swimming pool. Wyer &amp; Co is handling the landscaping.

<img alt="Fullerton" data-entity-type="file" data-entity-uuid="2dc4c137-fbe4-4d7d-9be6-add5c408cad1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-24%20at%202.45.44%E2%80%AFPM.png?VersionId=7VZxgbWkALfTNni44112iq0BZjTyuCbp" />

The existing building was considered for adaptive reuse; however, it does not comply with current Building Code of Australia (BCA) standards concerning accessibility, floor-to-ceiling heights, fire safety, mechanical systems, electrical systems, lift, hydraulic/stormwater, and energy efficiency.&nbsp;

Consequently, the decision was made to demolish the current structure and replace it with a new residential development that pays homage to nearby heritage and contributory buildings.

The site is located within the Woollahra Heritage Conservation Area (HCA) and the Rosemont Precinct. It is adjacent to a heritage-listed item on its east side, separated by a narrow grass path.&nbsp;

The development aims to respect the heritage items in the vicinity and the heritage significance of the HCA, enhancing the streetscape and contributing positively to the area.

Although the new building will be taller than the existing structure, it has been designed to minimise any adverse visual impact on nearby heritage items and the HCA.&nbsp;

<img alt="Woollahra" data-entity-type="file" data-entity-uuid="f18eb5fa-a39e-44a6-849b-c8a489b27634" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-24%20at%202.45.54%E2%80%AFPM.png?VersionId=4TBfo6rzHx.UlW.OLrqEA7icl9C7jNjc" />

Tall mature trees will largely obscure the view of the new development. The building's form, massing, setback, and materiality have been planned to be sympathetic to the surrounding heritage items and the HCA and the use of face brick will align with the existing inter-war flat buildings in the Rosemont Precinct, enhancing the site's streetscape presentation.

Since announcing themselves on the development scene in 2022,&nbsp;<a href="/developers/toohey-miller">Toohey Miller</a> has been busy acquiring sites across some of Sydney's best suburbs.

They've&nbsp; the majority of apartments in their luxury <a href="/developments/elizabeth-bay-nsw-2011">Elizabeth Bay</a> apartment development, <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 <a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse Potts Point</a> nearby, while they're putting the finishing touches to their approved Darlinghurst apartment development, <a href="/new-apartments/henri-house-349-liverpool-street-darlinghurst">Henri House</a>.

The site is located within the Woollahra Heritage Conservation Area (HCA) and the Rosemont Precinct

First look: Toohey Miller reveal new Woollahra apartment plans

Consistent sales in the first stage of Veue, the latest stage of Sekisui House Australia's The Orchards masterplan in Norwest, has brought forward the release of its next stage, Veue Parkside.

<a href="/new-apartments/the-orchards-veue-parkside-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Parkside</a>&nbsp;comprises 156 apartments across two nine and 14-level buildings. There are four townhouse-style residences, as well as 10 two-level units.

Veue, stage four of the $1 billion masterplanned community, comprises 583 apartments, nearly half of the total apartments that will make up the 8.1-hectare The Orchards.

[smartcode_project:default project_id=145924 project_image_fid=287362]

<a href="/developers/sekisui-house-australia">Sekisui House Australia</a>&nbsp;sales manager David Lee says there are few&nbsp;opportunities in Sydney’s north-west to purchase carefully curated two-storey apartments as well as a collection of oversized four-bed sky homes.

"Veue Parkside is a masterpiece in craftsmanship, luxurious living surrounded by green spaces, recreational parks and stunning landscaping," Lee says.

“Veue Parkside’s direct connection to nature via a vertical green building spine supported by splendid northerly views overlooking Castle Hill Country Club and panoramic aspects across to the Blue Mountains from the west will capture the interest of perceptive buyers."

[smartcode_project:default project_id=145924 project_image_fid=287358]

Lee has been fielding interest from downsizers, young families, investors and first home buyers.

"[They] already know the many lifestyle benefits associated with residing in <a href="/developments/norwest-nsw-2153">Norwest</a> including its proximity to Norwest Metro Train Station, Norwest Marketown and major employment hubs such as Norwest Business Park will appreciate the exclusive purchasing opportunities in Veue Parkside."

Veue Parkside’s design vision defers to The Orchards’ natural surrounds with residences maximising connection to the landscape and nature, according to <a href="/architects/crone-architects">Crone Architects</a>&nbsp;Principal Julian Venning.

“The green of the gardens is drawn into the resident experience, while a sense of wellness is promoted in the design within the natural environment," Venning says.

"The curved form and soft corners of the buildings allow the towers to be seen in the round continuing greenery up the façade to integrate landscape and built form.

“All apartments have views to the gardens or green edging to their balconies. Veue Parkside is built around a central garden as a sustainable oasis of wellness encouraging exploration and relaxation."

&nbsp;

[smartcode_project:default project_id=145924 project_image_fid=287364]

Homes in The Orchards are supported by the idea of ‘Keinen Bika’ whereby a community is created that seamlessly blends in with the natural environment and surrounding scenery.

Floor-to-ceiling glazing to capture panoramic views of nature, optional interior schemes including diverse materials and tonal finishes, oversized balconies on upper levels and EV charging within the resident car park (optional upgrade) are some of the exceptional features Veue Parkside purchasers can expect.&nbsp;

Veue Parkside residents can entertain up to 100 guests within the communal function centre that opens up to landscaped parklands and a central podium. A concierge service is also available in the adjacent Building A, servicing the needs of all residents at The Orchards.&nbsp;

[smartcode_project:default project_id=145924 project_image_fid=287379]

The masterplan, designed by <a href="/architects/turner-studio">Turner</a>, is spread across five stages. When completed, the community will comprise 1,300 apartments.

The Orchards is located approximately 31 kilometres north-west of Sydney’s CBD and is nestled in Norwest. It is strategically positioned 800 metres from Norwest Metro Train Station and 600 metres from Norwest Marketown as well as Norwest Business Park - currently housing over 30,000 employees.&nbsp;

Veue Parkside is located at 15 – 19 Spurway Drive, Norwest. Construction has started and the first residents are expected to move in mid-2026. Close to 600 apartments have already been sold in The Orchards.&nbsp;

[smartcode_project_cta:default project_id=145924]

The Orchards, designed by Turner, is spread across five stages. When completed, the community will comprise 1,300 apartments.

Sekisui House Australia bring forward Veue Parkside, Norwest apartment release after sales flurry

Kokoda Property has been given the green light to add four levels to its new Milton apartment development,Ruby Ruby.

Over 80 per cent of the apartments <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">within the Crombie Street tower</a> have sold since its mid-2023 launch.

In response to the high demand, Kokoda sought a new enhanced scheme which will see an additional 34 apartments added.

There will be two additional one-beds, 24 two-bedroom apartments starting from $764,000 and a further eight three-bedroom apartments starting at $2.3 million, now all available to purchase.

Ruby Ruby now comprises 178 apartments across a 26-level building designed by <a href="/architects/cottee-parker-architects">Cottee Parker</a>.

&nbsp;

[smartcode_project:default project_id=139032 project_image_fid=232277]

The <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby Penthouse Collection</a> crowns the top levels of the tower. The eight sub-penthouses and four penthouses start from $3.75 million.&nbsp;

This expansion comes amid a strong market rebound, with unit values in Brisbane rising over 18.2 per cent in the past year. Experts attribute this growth to several factors, including the upcoming 2032 Olympic Games, which are expected to drive over a decade of infrastructure development and population increases. Additionally, Brisbane’s affordability, job growth, and lifestyle appeal continue to attract interstate migration, making Brisbane a prime location for luxury living.&nbsp;

<a href="/developers/kokoda-property">Kokoda Property</a> Founder and Managing Director, Mark Stevens, said adding extra storeys to Ruby Ruby marks a significant milestone for the developer and will enhance the project’s impact on elevated living in <a href="/developments/milton-qld-4064">Milton</a>, with the vibrant community embracing Brisbane’s newest and most prestigious address.&nbsp;

&nbsp;

“Kokoda’s vision for Ruby Ruby has always been to create a standout collection of prestigious residences decorated with a subtropical-inspired design like no other," Stevens said.

"Ruby Ruby adhering to its goal of offering a new level of sophistication and witnessing the growing appetite for Brisbane luxury apartment living is incredible."

[smartcode_project:default project_id=139032 project_image_fid=231171]

Amenities on offer include a rooftop infinity pool, thoughtfully landscaped BBQ areas and deck, floating daybeds, cabanas, a fire pit, private dining and bar space, private cinema lounge, billiards room, versatile meeting rooms and a dog wash facility.

Residents will also have access to a health and wellness centre, complete with a sauna, spa, plunge pool, a yoga studio and a fully equipped gym.

Construction on Ruby Ruby will commence in Q4, 2024, and is expected to be complete in 2026.

[smartcode_project_cta:default project_id=139032]

Kokoda Property Founder and Managing Director, Mark Stevens, said adding extra storeys to Ruby Ruby marks a significant milestone for the developer and will enhance the project’s impact on elevated living in Milton

Kokoda adds more apartments to Ruby Ruby in Milton

Ali Mohammed's Positive Investment Enterprise is continuing to bolsters its apartment development pipeline in Sydney's most affuleunt harbourside suburbs.

Positive Invest, who is behind the luxury Rose Bay apartment development Kew Hillcrest, has filed plans for its rare three-lot amalgamation at&nbsp;<a href="/new-apartments/80-84-drumalbyn-road-woollahra">80-84 Drumalbyn Road, Bellevue Hill</a>.

They're planning&nbsp;26 two, three and four-bedroom apartments across a six-level building. The building however presents as two levels street from street, tiering down the sloping block.

<img alt="Bellevue" data-entity-type="file" data-entity-uuid="ab8abcf8-ed00-46a1-b079-d72ff225d8ac" src="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&nbsp;is consistent with market demand and would suit the demographic mix of couples, small families, retirees and downsizers living within the surrounding area.

The Urban Design Report submitted by Atlas Urban suggested <a href="/developments/bellevue-hill-nsw-2023">Bellevue Hill</a> lacks the right type of housing in the right location "age in place."

They said it's an area of a well-established wealthy and increasingly elderly community, adding that much of the housing stock is mid-20th century walk-up buildings.

"[There's a] limited provision of new housing in residential streets surrounding the centre [of Bellevue Hill]," the report noted

"The subject site is part of a precinct of R3 medium residential apartments. Its neighbours are all multi-residential, while on the far side of the gully is R2 low-density housing.

"Many of the houses in the area are large and include private tennis courts and swimming pools. The apartments help to bring density and activation to the area and provide housing diversity."

<img alt="Bellevue" data-entity-type="file" data-entity-uuid="3013c00b-8c69-4fe2-9e8d-eaf11eac6635" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-24%20at%2010.21.01%E2%80%AFAM.png?VersionId=7_X6PLH3fE_oGRWElL0QwPPdtjv8yhpf" />

There will be a communal resident area in the new development with a lounge, adjoining gym, and a tiered terrace that runs down to a swimming pool. On the same level is a three-bed plus MPR apartment that has its own pool.

There are four apartments proposed on levels one, two and three, six apartments on level four, four on level five, and then two penthouses on level six.

The three-bed apartments range in size from 118 sqm to 189 sqm, the larger ones with a fourth bedroom or an MPR.

<img alt="Bellevue Hill" data-entity-type="file" data-entity-uuid="143a658f-69e8-4734-9f7b-7158883f06ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-24%20at%2010.33.57%E2%80%AFAM.png?VersionId=yLLHBeOBlbdNXulpD5j6iLSuWRMH6iys" />

Renowned landscape architecture firm Dangar Barin Smith said the landscape design for 80-84 Drumalbyn Road incorporates a carefully selected planting palette designed to effectively deal with the differing micro-climate sensitivities of the site.

"The front landscape exists in very limited natural light due to the oversized Fig Trees on the council verge. This area requires plantings that are conducive to low light conditions and forest floor/rainforest plant communities. A range of exotics are suggested where appropriate in conjunction with natives to ensure a long-term evergreen appearance and the prevention of weed growth."

Currently on the site is three residential flat buildings with brick facades and hipped tile roofs.

"The existing buildings are effectively enclosed brick boxes without access to outdoor spaces," Atlas Urban said.

First look: Positive Investment Enterprise reveal Bellevue Hill apartment plans

Mirvac's latest parkside apartment development, Prince &amp; Parade&nbsp; , brings together the same team that has created several iconic developments that have stood the test of time in Melbourne.

It was two decades ago when ASX-listed developer Mirvac cut the ribbon to open their St Kilda Road parkside tower, The Melburnian.

The 23-level <a href="/developments/southbank-vic-3006">Southbank</a> tower, at the northern end of the exclusive strip, was one of Mirvac’s first parkside towers. And while the landscape of Southbank has changed over 20 years, The Melburnian, on Kings Domain, still stands as a local landmark.

It wasn’t until 2015 Mirvac put together a prime block of land on Fitzroy Gardens. What came four years later was <a href="/buildings/the-eastbourne-280-albert-street-east-melbourne">The Eastbourne</a>, one of the most revered parkside developments in the whole of Melbourne.

Now it's the turn of Prince &amp; Parade&nbsp; , on Princes Park in <a href="/developments/brunswick-vic-3056">Brunswick</a>. The same architect from The Melburnian and The Eastbourne, Bates Smart, has been commissioned again to design another iconic parkside project for the ASX-listed developer.

We recently took a tour of <a href="/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a> and its surrounding area, and spoke with Mirvac's Julian Gries to find out more about the development.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/cbIZ5hWp79Q?si=htVZNUl9iWtdOZn7" title="YouTube video player" width="560"></iframe>

[smartcode_project_cta:default project_id=4802]

We recently took a tour of Prince & Parade and its surrounding area, and spoke with Mirvac's Julian Gries to find out more about the development

Mirvac go parkside again with Prince & Parade on Princes Park in Brunswick: Urban video tour

Design-driven residential developer Milieu has always broken the mould when it comes to new homes.

Those who live in Melbourne’s inner north know when they’re walking past a Milieu development. Recently the developer branched out to Melbourne’s south-east, bringing their signature style to <a href="/new-apartments/plant-street-by-milieu-malvern-1-plant-street-malvern">Plant Street Malvern</a>. Now they’ve revealed their next development, and it’s probably one of the most unique they’ve produced since being founded 15 years ago.

Having secured the 11,740 sqm site of the former ABC Studios on Gordon Street in Elsternwick back in 2022, Milieu has spent the last two years working alongside Woods Bagot, OCULUS Broached Commissions and March Studio to create a garden-centric community they’re calling <a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens by Milieu</a>.

[smartcode_project:default project_id=136535 project_image_fid=288414]

With nearly half of the site reserved for landscaping, Elsternwick Gardens, as the name suggests, will be a garden oasis. The project comprises six low-rise buildings, divided into three distinct interior design offerings. Milieu has assembled a stellar team of interior designers comprising K.P.D.O., Woods Bagot and Flack Studio.

One of the biggest considerations in the planning phase was how to not only incorporate, but celebrate and take advantage of the neighbouring Rippon Lea Estate, the landmark 19th century mansion surrounded by seven hectares of gardens that are deemed some of the best in the country. The estate is listed on the National Heritage Register as one of the finest examples of original suburban estates in Australia.

Future residents of Elsternwick Gardens will have direct access through a private, secure gate to Rippon Lea Estate. Another plus for those who will call Elsternwick Gardens home is that the head gardener of Rippon Lea Estate will oversee maintenance of the landscaping and gardens throughout Elsternwick Gardens, making sure the grounds essentially extend from Rippon Lea Estate through the new development.

[smartcode_project:default project_id=136535 project_image_fid=288420]

The Elsternwick Gardens site was previously part of the wider Rippon Lea Estate, before it was carved up and became the industrial production facility for ABC Studios with the advent of television in Australia. That building is currently being demolished ready for construction to commence.&nbsp;

The design process has involved extensive research and consultation with community groups and stakeholders to ensure the project positively contributes to the social fabric of <a href="/developments/elsternwick-vic-3185">Elsternwick</a>.&nbsp;

Residents will have access to a lounge area at ABC Lane, the precinct's entry point, as well as health and wellness facilities including a fitness centre with sauna, steam room, mineral bath, cold plunge, yoga, pilates, and a simulation golf area. The precinct will also include amenities for pet care, car washing facilities and hobby workshops, as well as a hospitality offering.

[smartcode_project:default project_id=136535 project_image_fid=288412]

<a href="/developers/milieu-property">Milieu</a> Managing Director Michael McCormack said Elsternwick Gardens is a once-in-a-generation opportunity.

“The sheer scale of the project, alongside the historical and cultural importance of the site, renders this our most significant undertaking to date," McCormack says.

"Close to our hearts and planted firmly front of mind, it’s the project that we believe will define our legacy as a creative developer.”

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Progressive, sustainable design has always been central to Milieu’s creative development. Milieu’s buildings consistently achieve a NatHERS rating of at least 7.0 on average, and Elsternwick Gardens will be no different. There will be provision for EV charging, carbon-neutral energy supplies, solar power collection and cross-flow ventilation to the apartments. Every apartment will be completely fossil fuel-free and have no connection to the natural gas network. Homes can be powered with 100 per cent renewable energy. Water tanks will harvest rainwater for landscape irrigation minimising residents use of fresh water and impact on Melbourne's stormwater system.

Aside from being located next door to Rippon Lea Estate, future Elsternwick Gardens residents will be a short walk from the centre of Elsternwick to the south, with its train station, shopping precinct and range of restaurants and cafes and the vibrant village or Ripponlea Village to the northwest.&nbsp;

Milieu is currently fitting out an onsite display at 8 Gordon Street that will be ready for prospective buyers in late August.&nbsp;

Register your interest to have first access to information in August ahead of the future public launch.

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With nearly half of the site reserved for landscaping, Elsternwick Gardens, as the name suggests, will be a garden oasis

Exclusive: Milieu unveils anticipated Elsternwick Gardens precinct on the fringe of Rippon Lea Estate

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.

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<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.

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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.

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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."

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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.

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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.

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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."

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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."

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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.

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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."

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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."

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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.

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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.

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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."

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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.

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<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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