Serial Gold Coast apartment developer, Marquee,&nbsp;has commenced construction on La Belle Palm Beach, its luxury apartment project located on the northern Palm Beach beachfront.

Since its launch just a few months ago, over 70 per cent of the apartments have sold, making it the fastest-selling project in the Gold Coast for 2024.

The Penthouse Collection is due to be released to the market later this year.

<a href="/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Belle Palm Beach</a> will feature 75 apartments spread across 14 levels, featuring panoramic views stretching from Surfers Paradise to Coolangatta.

The project caters to the discerning owner-occupier market on the Gold Coast, with three, four and five-bedroom apartments on offer.

&nbsp;

[smartcode_project:default project_id=102340 project_image_fid=273591]

Jacques Winterburn, Director of Marquee Development Partners, said&nbsp;Marquee is renowned for delivering exceptional projects.

"La Belle Palm Beach will be no exception”, Winterburn said.&nbsp;

“The swift commencement of construction underscores the high demand for premium beachfront living in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>. We are excited to bring to life not just the residences, but a lifestyle synonymous with the world’s top beachfront resorts."

Winterburn said buyers&nbsp;have been drawn to the practical layouts and the unparalleled absolute beachfront location, coupled with the extensive amenities package for the expansive 3,300 square metre site.

“Our investment of over $10 million in world-class amenities has resonated with our discerning purchasers”.

[smartcode_project:default project_id=102340 project_image_fid=273598]

Premium residential amenity is a trademark of Marquee projects across the Gold Coast, giving back to residents more space and facilities to be used as an extension of their home and enjoyed with family and friends.

Residents will have access to a heated outdoor pool and spa, multiple teppanyaki dining bars and entertaining areas, and a resident's lounge featuring a bar and billiards table.

A state-of-the-art wellness centre will offer a fully equipped gymnasium, yoga and Pilates studios, Nordic and Infrared saunas, cold plunge pools and indoor hydrotherapy spa.&nbsp;

[smartcode_project:default project_id=102340 project_image_fid=274769]

Azura Griffen, Sales Manager at <a href="/developers/marquee">Marquee Development Partners</a>, said buyers have not only come from Palm Beach and the southern Gold Coast, but also from major cities like Brisbane, Sydney, and Melbourne.&nbsp;

“This project exemplifies our dedication to creating a residential experience that exceeds expectations and meets the highest standards of coastal luxury," Griffen said.

&nbsp;

[smartcode_project:default project_id=102340 project_image_fid=274444]

Located at 332 The Esplanade, La Belle Palm Beach provides residents with direct access to both the quietness of Palm Beach and the vibrant amenities of nearby Burleigh Heads.&nbsp;

A variety of three-bedroom apartments, some with multi-purpose rooms, and four-bedrooms, also with MPR's, are still available. Prices start from $2.995 million.

Construction on La Belle Palm Beach has now commenced, with completion projected for Q2 2026.

[smartcode_project_cta:default project_id=102340]

Buyers have not only come from Palm Beach and the southern Gold Coast, but also from major cities like Brisbane, Sydney, and Melbourne

Joel Robinson

Marquee break ground on La Belle Palm Beach amid record sales

St Lucia has long been one of Brisbane's premier riverfront suburbs.

The sought-after suburb, named after the West Indian island, is well known for its leafy streets, the Brisbane Botanic Garden, and the main campus for the University of Queensland.

As it's grown from its origins as a cotton farming district, significant riverside development has grown with it.&nbsp;One market that's been missed however is the growing market frequently being called the "missing middle".

The missing middle in this instance is the townhouse market, a&nbsp;market that sits between apartments and houses. A third of <a href="/developments/st-lucia-qld-4067">St Lucia</a> is made up of standalone homes, and another 60 per cent on apartments. According to the latest 2021 ABS Census, less than seven per cent are townhouses.

Brisbane developer <a href="/developers/dusk-group">Dusk Group</a> is hitting St Lucia's missing middle with its latest residential development, <a href="/new-townhouses/aurora-on-depper-st-lucia-68-72-depper-street-st-lucia">Aurora on Depper</a>.

[smartcode_project:default project_id=145923 project_image_fid=287620]

Named after its position at 68-72 Depper Street, just 300 metres from the City Cat and major bus networks, Aurora on Depper comprises just eight three-level townhouses pitched at downsizers, young families, and those with children who attend the nearby main campus of the University of Queensland.

Aurora on Depper presents an attractive opportunity, considering the scarcity of townhouses in the suburb and the competitive starting price of $1.55 million

Each townhouse, designed by Elevate Design Studio, offers three bedrooms, a two-car garage, kitchens with zero silica benchtops and butler's pantries, and hybrid timber flooring throughout the living areas.

[smartcode_project:default project_id=145923 project_image_fid=287619]

The versatile multi-purpose rooms are expected to be used as home offices for young professionals, a second living area, or a fourth bedroom.

Aurora on Depper is currently under construction by Akam Constructions and is expected to be complete by mid-2025.

[smartcode_project_cta:default project_id=145923]

Aurora on Depper presents an attractive opportunity, considering the scarcity of townhouses in the suburb and the competitive starting price of $1.55 million

Aurora on Depper townhouses to target St Lucia's "missing middle"

Joint venture partners, <a href="/developers/abadeen-group">Abadeen Group</a> and <a href="/developers/perifa">PERIFA</a>, have unveiled their exciting, bold vision for the former historic Halvorsen Boat Shed precinct, on the water at <a href="/developments/putney-nsw-2112">Putney</a> in Sydney’s north.

Boasting 300 metres of absolute waterfrontage, the site will undergo a dramatic transformation bringing its rich boating history and the Norwegian boat building family, the Halvorsens, who owned it since the early 1900s, along with it.

<a href="/new-apartments/putney-wharf-residences-20-waterview-street-putney">Putney Wharf Residences</a> (PWR) will comprise a vibrant mixed-use wharf precinct comprising a mix of luxury two, three and four-bedroom apartments and townhouses suited to local downsizers and owner-occupiers. The precinct will be complemented by dynamic waterfront dining and retail along with a marina of approximately 36 berths.

<img alt="Abadeen" data-entity-type="file" data-entity-uuid="0226e478-53ac-4ee5-9ef3-f3364474904f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-18%20at%202.30.46%E2%80%AFPM.png?VersionId=CqP43qNse9sagV9WI1tHC3rBO.uUfYHP" />

Abadeen Group’s Executive Chairman Justin Brown said Putney Wharf Residences presents an extraordinary opportunity to transform this rare waterfront site into a dynamic mixed-use wharf precinct featuring bespoke retail, waterfront dining and luxury residential – akin to Woolloomooloo Wharf.

“While you’re unlikely to see the Sydney high society or celebrities at Putney Wharf Residences as you do at Woolloomooloo Wharf, PWR will attract high net worth local professional families who are looking for waterfront living with great dining on their doorstep, without having to leave their precinct – while, for some, mooring their boat in the marina out front,” Brown said.

Designed by local Sydney architects&nbsp;<a href="/architects/sjb-architects">SJB</a>, Putney Wharf Residences located at 20 Waterview Street along Putney’s spectacular harbourfront, will offer three residential components comprising a mix of apartments and terraces.

While the majority of the apartments will have water views, at the heart of the precinct will be a contemporary and sophisticated waterfront dining, entertainment and retail precinct becoming a vibrant new destination for the local community.

Sitting on an expansive 15,870 square-metre waterfront in the northern Sydney area, the site represents a rare opportunity to regenerate a significant infill site with 300 metres of waterfrontage.&nbsp;

<img alt="Putney" data-entity-type="file" data-entity-uuid="1dd2b32a-e8ee-438a-8a3f-ee68649815c4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-18%20at%202.30.50%E2%80%AFPM.png?VersionId=XaLpKAu26OSSQWg0qvKrEcsX.x5o.NAh" />

Marina Berths up to 20 metres

With its own state-of-the-art private marina of approximately 36 berths (subject to DA), the project is expected to appeal to boat owners who will have the option of purchasing a marina without having to purchase a property.

Having been disused and closed to the public for several decades, the regeneration of the Putney Wharf Residences precinct is an important restoration project for Putney and is envisaged to become a highly desirable waterfront destination and residential address for local downsizers and upgraders looking for premium lifestyle amenity.&nbsp;

Mr Brown said: “With such a rich boating history having been the home to Sydney’s most successful and prolific boat-building business established in 1939 by the Halvorsen family originally from Norway, we feel obligated to restore, preserve and celebrate the site’s history and to deliver a state-of-the-art mixed-use wharf precinct Sydney’s boating community will be proud of and want to live, dine and socialise here.”

The project will offer a mix of three-storey townhouses and apartments defined by high ceilings and heritage components using original timber beams and other preserved materials, repurposed into the apartments creating stunning character-rich interiors.

Transformation of historic Halvorsen Boat Shed into luxury homes and waterfront dining

Abadeen & PERIFA to bring Woolloomooloo Wharf-inspired waterfront precinct to Putney

While established markets tend to take a breather over winter as agents head overseas, it's a busy time in the off the plan development space.

Developers, media agencies and project marketers start to firm up plans for a spring launch of their developments, giving prospective buyers the biggest hit of supply they'll see all year.

Anecdotal feedback from developers and project marketers is that there's enough demand for new apartments at the moment, based on the lack of supply and as long as the product is being delivered by a team with a strong background in development.&nbsp; Many of those who make this list have been in the development game for decades.

We've wrapped up the top developments that are set to launch before the end of 2024.

<h2>Who:&nbsp;Milieu</h2>

<h2>What: Elsternwick Gardens by Milieu</h2>

<h2>Where: 8 Gordon Street, Elsternwick</h2>

Having secured the 11,740 sqm site of the former ABC Studios on Gordon Street in Elsternwick back in 2022, design-focussed developer Milieu has spent the last two years working alongside Woods Bagot, K.P.D.O., Flack Studio, 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>.

Elsternwick Gardens by Milieu is a low-rise, campus-style development of six buildings and over half a hectare of green open space.

[smartcode_project:default project_id=136535 project_image_fid=288414]

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.

Elsternwick Gardens by Milieu residents will have private access to the heritage gardens through a gate that can only be accessed by its occupants.

[smartcode_project:default project_id=136535 project_image_fid=288420]

Milieu 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. 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."

<h2>Who:&nbsp;ANGLE</h2>

<h2>What: Fernhurst, 20 apartments and homes&nbsp;</h2>

<h2>Where: Fernhurst Grove, Studley Park Kew</h2>

Boutique apartment developer <a href="/developers/angle">ANGLE</a> is set to launch its Kew apartment development, <a href="/new-apartments/fernhurst-kew-11-15-fernhurst-grove-kew-vic-3101">Fernhurst</a>, in the coming months, having received development approval for the luxury 20-residence project late last year.

The development, on a 4,000 sqm site on the corner of Stawell Street and Fernhurst Grove in Studley Park, will comprise 17 apartments and three homes, ranging in price between $2 million and $7 million.

The site has around 113 metres of frontage to Fernhurst Grove and Stawell Street. Every ground-floor apartment will have an average garden area of over 150 sqm, ANGLE’s most extensively landscaped project to date.

<img alt="ANGLE" data-entity-type="file" data-entity-uuid="246001fb-e79f-43f7-9a0a-9aff444919ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-27%20at%2012.54.04%E2%80%AFPM.png?VersionId=kF88TNHudK4SzCOzGmC.SYV9LmR58yhB" />

Having successfully developed the award-winning Fenwick project together just over 500 metres away, ANGLE is once again partnering with architecture practice Edition Office and landscape designer Eckersley Garden Architecture to deliver Fernhurst.

Director Lachie Gibson says Fernhurst will follow in the footsteps of ANGLE’s nearby projects, representing another opportunity for the team to demonstrate its industry-leading focus on design, landscaping and architecture.

Jellis Craig Projects Director Stephen Bowtell is handling the sales.

<h2>Who:&nbsp;DARE Property Group</h2>

<h2>What: St David</h2>

<h2>Where: 33 St David Street, Fitzroy</h2>

Sydney-based developer DARE Property Group is breaking into the high-end residential market in Melbourne.

Its debut development will be in Fitzroy where they're soon to launch <a href="/new-apartments/saint-david-fitzroy-33-st-david-street-fitzroy-vic-3065">St David</a>, just 17 apartments named after its prime position on St David Street, between Smith and Brunswick streets.

<img alt="St David" data-entity-type="file" data-entity-uuid="7ffa4d4c-aa34-43b8-947d-0237d9865eda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-02%20at%2010.02.30%E2%80%AFPM.png?VersionId=J9PA7SR2URyiXowjP8pfmYOBOKGfUk5B" />

Designed by Cera Stribley, St David will have five two-bedroom apartments, nine three-bed apartments, and three penthouses.

Cera Stribley says 33 St David St "demands a structure of architectural distinction."

"Our design draws inspiration from the rich local context, specifically the iconic Rojo Stools from the former furniture factory. The proposed fluted facade pays homage to the curved form of the stool's seat, creating a simple yet striking architectural tectonic."

<h2>Who: Kincrest</h2>

<h2>What: The Osment - 22 apartments on Grattan Gardens</h2>

<h2>Where: 3-7 Grattan Street, Prahran</h2>

Developer <a href="/developers/kincrest">Kincrest</a> will be bringing one of the best parkside developments to Prahran in Spring after they put together a prime 1,613 sqm site on Grattan Gardens.

They'll be launching 22 two, three and four-bedroom apartments across a seven-level building at <a href="/new-apartments/the-osment-prahran-3-7-grattan-street-prahran">3-7 Grattan Street</a>, a site with a 35-metre frontage to the popular <a href="/developments/prahran-vic-3181">Prahran</a> park.

<img alt="Exclusive first look: Kincrest plots new Prahran apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-06-11%20at%2010.36.50%20am.png?VersionId=CHSl4.FRxEblmX8Chkbm5NRiGvmTYAZE" />

The mixed-use plans by <a href="/architects/cheah-saw-architecture">Cheah Saw Architecture</a>&nbsp;will include two levels of strata offices and a ground-floor cafe and retail space that will face the park.

"The Greville St precinct, with positive input from the City of Stonnington, has rejuvenated in recent years, we’re really excited to be within such a historical, vibrant area of life," Kincrest Director Tom Howgate says.

"We see this development as contributing to a world-class location."

<h2>Who:&nbsp;Abadeen</h2>

<h2>What: 26 apartments by Carr</h2>

<h2>Where: 616-646 High Street, Prahran</h2>

The Victorian division of Sydney's longtime luxury Lower North Shore development company Abadeen, is continuing its push into Melbourne's owner-occupier market.

<a href="/developers/abadeen-group">Abadeen</a>, led locally by former CBRE Director Andrew Leoncelli, is looking to launch its Prahran apartment development, subject to council approval.

<img alt="First look: Abadeen lodge plans for second Melbourne apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-04-17%20at%2011.05.29%20am.png?VersionId=79fVjZ.l2snAFEPFAw3RuGyQuZFmK7pW" />

Abadeen will be developing a boutique building at 616-646 High Street, on the corner of Airlie Avenue and High Street near Toorak Park and Orrong Romanis Reserve.

They had <a href="/architects/carr-design">Carr</a> design a four-level building that curves around a Smooth Bark Apple tree, immovable as it's listed as a national trust significant tree.

There will be 26 apartments across the four levels, a mix of two-beds, two-bed plus study's, and three-bed apartments.

Abadeen announced itself to the Melbourne owner-occupier market with <a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>, just seven parkside apartments on Malvern East's Central Park.

<h2>Who: Salvo</h2>

<h2>What: Moray House, 305 apartments</h2>

<h2>Where: 42 Moray Street and 11-13 Hancock Street, Southbank</h2>

Prominent Melbourne fringe developer <a href="/developers/salvo">Salvo</a> is set to kick off the demolition phase of its recently-unveiled Southbank tower, <a href="/new-apartments/moray-house-42-moray-street-southbank">Moray House</a>.

Rising 56 levels on a prime corner site across 42 Moray Street and 11-13 Hancock Street, Moray House will comprise 305 apartments. More than 240 of the apartments&nbsp;have already been snapped up by a variety of demographics, from parents purchasing apartments for their children, professionals seeking a city base, families moving back to inner Melbourne post-COVID, and investors.

The $200 million project is primarily made up of two and three-bedroom apartments designed by interior designer David Hicks, as well as two double-level penthouses with never-to-be-built-out views. Moray House also comprises eight levels of office space, hi-tech co-working facilities and two floors of residential amenity with wellness and relaxation at its core.

<img alt="First look: Salvo set to launch Southbank apartment tower Moray House" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-05-01%20at%2010.37.30%20am.png?VersionId=LJb_JYW9EVD0758ZDbTu4jdOV640X6Ca" />

<a href="/developers/salvo">Salvo</a>&nbsp;Managing Partner James Maitland said&nbsp;<a href="/developers/salvo" target="">Salvo</a>’s&nbsp;Now Generation&nbsp;blueprint underscores the project’s design approach to how people live, work and relax today, based around health and wellness, connectivity, work-life balance, and practical luxuries.

“The pandemic accelerated a shift in the way people live and awareness of the critical role that internal and external environments play in our physical and mental health and wellbeing," Maitland said.

“Traditional apartment living has evolved to vertical communities and urban placemaking where residents can make new social connections in various communal indoor and outdoor spaces. They also expect resort-style amenities and connectivity with their local environment."

<h2>Who:&nbsp;Second Nature Developments</h2>

<h2>What: 21 sustainable apartments and townhouses</h2>

<h2>Where:&nbsp;197-205 St Georges Road, Fitzroy North</h2>

Later this year Fitzroy North will welcome its first fossil-fuel-free apartment development with the recent approval of a boutique mixed-use building on St Georges Road.

Second Nature Developments is behind the unique project that features 21 dwellings and three retail tenancies across a part two-level, part six-level development.

<img alt="First look: Approval secured for new fossil fuel-free Fitzroy apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-05-22%20at%204.17.25%20am.png?VersionId=Ny54GyIyU8s5nV_Sb298zLnN8ptNcm5X" />

The building will sit across 197-201 and 203-205 St Georges Road, a 989 sqm block near Edinburgh Gardens.

Austin Maynard Architects are behind the designs for the new project which will have 17 apartments two and three-bedroom apartments and four double-storey townhouses to the western side of the building.

Project by Buxton Director Heath Thompson will be marketing the development.&nbsp;

<h2>Who: Wickton</h2>

<h2>What: Seven apartments above retail and offices</h2>

<h2>Where: 387-403 Malvern Road, South Yarra</h2>

Property developer <a href="/developers/wickton">Wickton</a> is continuing to move fast in Melbourne's development space.

Wickton, led by Blanco Norton and architect Will Leaf, will be taking to market their mixed-use development in the Hawksburn Village precinct, on the border of South Yarra and Prahran.

Leaf’s architecture practice <a href="/architects/ewert-leaf">Ewert Leaf</a> redesigned the plans to create seven two and three-bedroom luxury apartments above a vibrant ground floor retail with premium hospitality and retail spaces that will anchor three levels of strata offices.

<img alt="First look exclusive: Wickton look to South Yarra for latest mixed-use development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-04-23%20at%2010.49.55%20am.png?VersionId=vAFBrjQB3nIdlo6ep0roVh2Se0zTQl6L" />

The designs were altered from the previous plans so the floorplates expanded, which meant the apartments sat above the building's large privacy screens and the adjoining buildings so both levels of apartments take in uninterrupted views across Melbourne and back to the city skyline.

Wickton is expecting to start demolition of the bottle shop and adjoining commercial building on the site later this year and start the build in early 2025.&nbsp;

<h2>Who: Sun Property Group</h2>

<h2>What: 18 apartments by Cera Stribley</h2>

<h2>Where: 226-228 Williams Road, Toorak</h2>

National apartment developer <a href="/developers/sun-property-group">Sun Property Group</a>&nbsp;(SPG) is continuing its push into Melbourne with their second project in the city's most affluent postcode.

SPG's latest development, on a double block at 226-228 Williams Road in Toorak, will comprise 18 apartments in a three-level building designed by&nbsp;<a href="/architects/cera-stribley-architects">Cera Stribley</a>. There will be a&nbsp;mix of 10 two-bedroom apartments, four three-beds, and four penthouses on offer.

<img alt="SPG" data-entity-type="file" data-entity-uuid="c4766722-ccb6-479c-af46-eea637d2389e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-27%20at%205.21.13%E2%80%AFPM.png?VersionId=Z8ItfTh4zF5B3dgJAmFRugfGZrTtXPVw" />

"This intersection seamlessly blends the charm of <a href="/new-apartments/toorak-vic-3142">Toorak</a>’s leafy streets, Prahran’s urban lifestyle, and South Yarra’s cosmopolitan atmosphere," Cera Stribley said in their submissions to the local council.

The new development is around&nbsp;500 metres away from SPG's debut Melbourne development, The Brookville.

<h2>Who: Ondas</h2>

<h2>What: Shoptop development with 16 apartments</h2>

<h2>Where: 3-15 Fitzroy Street, St Kilda</h2>

Billionaire tech entrepreneur Robin Khuda's development arm <a href="/developers/ondas">Ondas</a>&nbsp;will too be planning the launch of their Fitzroy St, St Kilda shoptop development after securing approval earlier this year.

Designed by <a href="/architects/warren-and-mahoney">Warren &amp; Mahony</a>, the $22 million project will encompass 16 apartments, predominantly three-bedders, above 244 sqm of commercial space and 327 sqm of retail space across the four amalgamated sites which will span 3-15 Fitzroy Street, just down the road from Fortis.

<img alt="Robin Khuda's Ondas gets greenlight for $22 million St Kilda apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-02-28%20at%201.24.37%20pm.png?VersionId=Y.yNxKuhgCRHCgsy_C5UnztOm2rmtwI_" />

In their Urban Context Report submitted to the City of Port Phillip Bay Council, Warren and Mahoney said the apartments are designed as "urban villas".

"The villas are all planned with private open spaces in mind; to host families, friends or colleagues."

The 10 hottest off the plan apartment developments coming to Melbourne in 2024 

Sydney's off the plan apartment market has been buoyant so far in 2024.

The expectation at the start of the year was that there would be a spike in buyer sentiment with more positive news about inflation and interest rates, and buyers would come flooding back into the sector.

It's not quite panned out that way. With a cut likely pushed into 2025 or further, the&nbsp;spike developers and project marketers were forecasting failed to materialize.

That being said, there was plenty of activity in Sydney's off the plan apartment development space, far-reaching across the whole of the city.

Records were broken in Bondi Beach, while huge, suburb-shaping precincts are being delivered by <a href="/developers/sekisui-house-australia?referrer=Sekisui%20House%20Australia">Sekisui House Australia</a> in <a href="/developments/norwest-nsw-2153">Norwest</a> and Deicorp in the Hills District.

Lendlease completed One Sydney Harbour in Barangaroo, home to Australia's most expensive piece of real estate (a $140 million, three-level penthouse). Aqualand also&nbsp;<a href="/news/nsw/aqualand-officially-opens-landmark-north-sydney-apartment-development-aura-by-aqualand">welcomed buyers</a> to its flagship North Sydney apartment development, AURA by Aqualand.

<a href="/developers/top-spring-australia">Top Spring Australia</a>, as well as First Quadrant and Qualitas, have enjoyed success at each of their respective multi-stage developments. Top Spring's <a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a> continues to break records in <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a>, while First Quadrant and Qualitas quickly sold out the first stage of their <a href="/new-apartments/willoughby-grounds-5-walter-street-willoughby">Willoughby Grounds</a> project, breaking apartment sale prices for the area in the process.

Developers are now waiting on the weather, preparing their marketing material during winter, waiting to push the go button come September and get their projects in market for the famous spring and summer selling seasons Sydney so famously enjoys.

We've taken a look at the best to come for the rest of 2024.

<h2>Who: Clutch</h2>

<h3>Where: 135 – 155 Curlewis St, Bondi Beach</h3>

<h3>What: Avra, Bondi Beach - 18 luxury apartments above retail</h3>

Clutch is set to make a big splash in the Eastern Suburbs market later this year.

As they approach completion of their luxury Bellevue Hill apartment developer MIRA Bellevue Hill, Clutch will launch <a href="/new-apartments/avra-bondi-beach-141-155-curlewis-street-bondi-beach-nsw-2026">Avra</a> just 18 luxury apartments at 141-155 Curlewis Street, about 150 metres from Campbell Parade.

<img alt="Clutch Bondi" data-entity-type="file" data-entity-uuid="4d98c3f3-cb6f-4955-a341-f29c2626d96c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%2011.42.12%E2%80%AFAM.png?VersionId=TSVxw6x4qCOMpQsjBD48HoIAfxiUNiK3" />

Each of the apartments, designed by PBD and with interiors by Woods Bagot, will have three bedrooms, except the sprawling four-bedroom penthouses. Apartment sizes start from over 170 sqm.

The apartments will sit above three new retail tenancies.

<h2>Who: Clutch&nbsp;</h2>

<h3>Where: 440 Edgecliff Road, Edgecliff</h3>

<h3>What: Margaux, Edgecliff - Eight luxury apartments</h3>

Clutch is planning to go back to back in the affluent East. They're looking at launching Margaux, another luxe development in Edgecliff, around the same time as Avra.

<a href="/new-apartments/margaux-edgecliff-440-edgecliff-road-edgecliff">Margaux</a> will comprise just eight three-bedroom apartments, not far from Woollahra Village.

<img alt="Margaux" data-entity-type="file" data-entity-uuid="272a4640-8866-4260-93ca-5e1c2a2c8657" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%2011.42.28%E2%80%AFAM.png?VersionId=yHTJjKzl.ECr4sVW7LvFoxeOzc2irTkc" />

There's a huge focus on the interiors at Margaux. <a href="/developers/clutch-capital">Clutch</a> has used Decus, a local interior design firm who has an enviable portfolio working on some of Sydney's finest homes. Margaux will be the first ever mutli-residential off the plan apartment development Decus has worked on.

On offer will be four full-floor, penthouse-style apartments and four split-level apartments, each extending onto generously sized balconies or terraces, positioned to flow from primary living spaces and take advantage of the site's northernly aspect.

A communal open space will include a pool, lounge and outdoor seating. CBRE is marketing both Avra and Margaux.

<h2>Who: Abadeen &amp; PERIFA</h2>

<h2>Where: Putney</h2>

<h2>What: Putney Wharf Residences - 49 apartments, 18 townhouses, and a 36-berth marina</h2>

Fabrizio Perilli's&nbsp;<a href="/developers/perifa">PERIFA</a> is partnering up with Justin Brown's&nbsp;<a href="/developers/abadeen-group">Abadeen</a> to create a new waterfront precinct in <a href="/new-apartments/putney-nsw-2112">Putney</a>, intending on creating a premium mixed-use development on the harbour.

<img alt="Abadeen" data-entity-type="file" data-entity-uuid="a8a03994-4959-491f-b60e-936f5937f237" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%203.47.08%E2%80%AFPM.png?VersionId=xr3_247oqqBhLhYeuipQEukP4bz1X736" />

The project, <a href="/new-apartments/putney-wharf-residences-20-waterview-street-putney">Putney Wharf Residences</a>, spans 15,870 sqm and includes the refurbishment of Halvorsen's boatshed to create a waterfront dining and commercial area, two three-level apartment buildings with 49 one, two and three-bedroom apartments, and 18 four-bedroom townhouses.

Part of the offering development will see 36 new marina berths created.

Joe Tack, Abadeen's Chief Operating Officer, sees the project as a rare opportunity to regenerate a significant infill site with 300 metres of waterfrontage.

<h2>Who: Fortis</h2>

<h3>Where: Onslow &amp; Billyard Avenue, Elizabeth Bay</h3>

<h3>What: Regency House - 22 luxury apartments</h3>

Luxury developer&nbsp;<a href="/developers/fortis" target="">Fortis</a>&nbsp;is set to develop its first project in&nbsp;<a href="/developments/elizabeth-bay-nsw-2011">Elizabeth Bay</a>.

Regency House will home 22 apartments across two buildings that will front two of Elizabeth Bay's best streets, Onslow and Billyard Avenue.

<img alt="Fortis" data-entity-type="file" data-entity-uuid="9647bb82-808b-4436-81ef-849d0573208d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-12%20at%209.07.32%E2%80%AFAM.png?VersionId=Cbbu7DLIGQEkX74O5N_SdRufhxzREv.T" />

The two strikingly distinctive buildings by Smart Studio will have three two-bed apartments, 18 three-beds, and sole four-bedroom apartment.&nbsp;

Private rooftop terraces for the penthouses of 10 Onslow and 21C Billyard will have barbecue and lounge areas and private pools.

<h2>Who: Deicorp</h2>

<h2>Where: 33 Hope Street, Melrose Park</h2>

<h2>What: Melrose Central - 494 apartments above mixed-use precinct</h2>

Busy Sydney developer <a href="/developers/deicorp?referrer=Deicorp">Deicorp</a> is turning a 55-hectare patch of dirt just outside of Parramatta into a full mixed-use community.

Deicorp, who are teaming up with fellow developer <a href="/developers/payce-consolidated-limited">PAYCE</a> on the huge $700 million project dubbed <a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>, engaged Turner Architects to draw up the plans.

<img alt="Melrose" data-entity-type="file" data-entity-uuid="5810a2d4-f501-4d62-9ede-21463d04b2b1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%202.25.43%E2%80%AFPM.png?VersionId=7Zsxhf6dxCC4fcl52asIzy0B2q3PTVOJ" />

<a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a> will see 494 apartments built across six buildings, above commercial, retail, and medical tenancies at street level and in the podium.

Melrose Central will feature a major supermarket and several&nbsp;specialty stores, as well as outdioor dining spaces and health and wellness facilities. It will be well-connected to the rest of Sydney with the second stage of the&nbsp;Parramatta Light Rail to run right outside.

<img alt="Melrose" data-entity-type="file" data-entity-uuid="960ab82c-f0aa-4656-90de-e16770ff6179" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%202.26.21%E2%80%AFPM.png?VersionId=rANByiL20Ao1YGNNUuyU.i_3dq8S_dsG" />

<h2>Who: DASCO</h2>

<h3>Where: Waterloo&nbsp;</h3>

<h3>What: Mixed-use precinct with 373 apartments and 17 retail spaces</h3>

Builder developer DASCO is looking to launch their recently acquired Waterloo masterplan.

<a href="/builders/dasco-australia">DASCO</a>, a 4.5-star iCIRT-rated builder, secured a 1.7-hectare site at 903-921 Bourke Street, a former industrial site on the corner of Bourke, McEvoy and Young streets, from Melbourne developer Dahua earlier this year.

It was sold with&nbsp;development approval for a new mixed-use precinct with around 370 apartments and retail and commercial spaces.

<img alt="Exclusive: DASCO secure Waterloo mixed-use development from Dahua Group" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-04-03%20at%209.02.48%20am.png?VersionId=0oXgeER5QqAkDglZlmWTmfB120pERqTn" />The plans submitted by Dahua Group in 2022

The six new buildings, not including the two heritage-listed buildings that will be restored, will be focused around a central plaza with retail space and new parks&nbsp;with lush landscaping and multiple public art installations.

Two buildings will flank Young Street, one being the tallest tower proposed. Described as a stepped tower with family-targeted terraces that address the park, the building will have 147 apartments across its 20 levels.

Next door will be a six-storey plaza building with 23 apartments, defined as "quirky" by Bates Smart, while along Young Street there will be two other buildings, one with 21 apartments and the other with 32 apartments, designed by Richards and Spence who worked in collaboration with Bates Smart on the tower and the plaza.

<img alt="Exclusive: DASCO secure Waterloo mixed-use development from Dahua Group" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-02_at_8.01.25_am.png" />The plans submitted by Dahua Group in 2022

"The quirky 6-storey plaza building defines the heritage square, with clear reference to the industrial brick buildings of the past," the design statement as part of the 2022 development submission noted.

There will be a further two buildings facing Bourke Street, designed by architect MHNDU in collaboration with Fieldwork. They will have a combined 150 apartments, taking the total number of apartments across the precinct to 373 apartments.

<h2>Who: Orosi</h2>

<h3>Where: 1 The Avenue, Rose Bay</h3>

<h3>What: 50 luxury apartments next to Royal Sydney Golf Club</h3>

Eastern Suburbs developer <a href="/developers/orosi">Orosi</a> is taking on its largest project to date, which will also be one of the largest the affluent Rose Bay has seen in years.

The integrated developer, who serves as both the architect and builder of its projects, will be <a href="/new-apartments/orosi-rose-bay-1-the-avenue-rose-bay">launching the new development</a> in the coming months, some 50 two and three-bedroom apartments&nbsp;across a structure that ranges from four to five levels.

There will be 34 two-bedroom apartments and 16 three-bed apartments.

<img alt="First look exclusive: Orosi plan Rose Bay shoptop on key gateway site" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-06-19%20at%2011.09.02%E2%80%AFAM.png?VersionId=t.b8xaySLGRrwkYlGmrxHdsEI41l7Ub1" />

Orosi,&nbsp;led by Founder and Managing Director Hamid Samavi, secured the vast 3,000 sqm gateway site, a two year-long amalgamation of several lots over The Avenue,&nbsp;<a href="/buildings/dusk-625-627-old-south-head-road-rose-bay">Old South Head Road</a>&nbsp;and William Street, last year.

The building,&nbsp;across the road from the Royal Sydney Golf Club, will be divided into two adjacent, inter-connected buildings to reduce its overall bulk, setting back the development from The Avenue and William Street boundaries.

"The apartments are on the larger side, so they will suit a wide range of demographics, not just downsizers,"&nbsp;Samavi told Urban, adding that&nbsp;the vision is to create an iconic landmark that serves as a welcoming gateway to&nbsp;<a href="/new-apartments/rose-bay-nsw-2029">Rose Bay</a>.

"OROSI&nbsp;<a href="/new-apartments/rose-bay-nsw-2029">Rose Bay</a>&nbsp;will set a new benchmark for architecture and sustainability in The Eastern Suburbs, featuring state-of-the-art facilities and curated retail spaces, including a Kosher café, an organic restaurant, and Sydney’s most iconic wellness centre," Samavi said.

<h2>&nbsp;Who: Level 33</h2>

<h3>Where: 19-21 Bourrool Street, Kiama</h3>

<h3>What: 21 luxury three-bedroom apartments&nbsp;</h3>

Prominent Wollongong developer <a href="/developers/level-33">Level 33</a> will be launching its first development in Kiama.&nbsp;

PBD designed the four-level building with just 15 apartments above two levels of basement parking at <a href="/new-apartments/19-21-bourrool-street-kiama">19-21 Bourrool Street</a>, at the south end of the Kiama Surf Beach.

The proposed residential flat building is designed to respond cohesively to the existing and desired future character of the neighbourhood streetscape with appropriate build form and material palette that respond thoughtfully to the immediate context.

<img alt="Level 33" data-entity-type="file" data-entity-uuid="3d2a4a8a-4c84-4ce1-8718-6ad7cc9d9380" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-12%20at%201.08.49%E2%80%AFPM.png?VersionId=U_XEy9g2y4nMgaEDvhrlsMFOSimR38hC" />

The 15 three-bedroom apartments are inline with the apartment sizes within the area, architect PBD suggests. They said the proposal reflects current market demands in relation to typologies and living patterns in the local area.

They have another project in Kiama, having acquired the Akuna St car park for $28 million last year. They’re planning a shoptop development with 82 apartments above a retail precinct with 24 tenancies, two major supermarkets, and 344 basement car parking spaces.

The eight hottest off the plan apartment developments coming to Sydney in 2024

Luxury apartment developer and hotel operator, KTQ Group, has cleared the final hurdle in its Kirra Beach Hotel redevelopment project.

A court appeal to stop the development of a further three buildings in the transformative project has recently been dismissed, paving the way for more apartments above a slew of new retail and services spaces in the sought-after surf mecca.

Following the first stage completion of Miles Residences, which recently settled, Peggy Flannery's&nbsp;<a href="/developers/ktq-group">KTQ Group</a> will now push on with another 16-level building with 116 apartments, a 13-level building with 87 apartments, and a seven-level hotel with 92 rooms.

&nbsp;

The development will also feature food and drink outlets, shops, offices, health care services, service industries, and indoor sports and recreation facilities.

<img alt="KTQ bring Kirra Point development forward by three years" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/kirra_miles.jpg?VersionId=mSbyH2mnz.oWdw69pnWrpbBrs1fyNYo5" />

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta">Miles Residences</a>&nbsp;was the first stage of the redevelopment that was released to the market in late 2020. It witnessed overwhelming demand, with all apartments sold within a few months. The success prompted the expedited construction of Miles Residences, alongside the replacement of the original Kirra Beach Hotel with a new pub and pavilion.

Other revisions to the initial 2022 plans include the removal of building four, the introduction of indoor sport and recreation facilities, design changes, and height increases for smaller buildings.

The development will be home to a total of 203 apartments and a 92-room hotel, with a notable shift towards fewer one-bedroom and more four-bedroom apartments compared to earlier proposals.

<img alt="KTQ bring Kirra Point development forward by three years" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/_g1a2346-x311.jpg" />

The final plans, designed by <a href="/architects/little-boat-projects">Little Boat Projects</a> with support from <a href="/architects/nettletontribe">Nettleton Tribe</a>, were approved following additional information on the noise impacts of the rooftop pool and bar area.&nbsp;

The rooftop area is designated for exclusive use by hotel guests and will not host live music events.

The project, expected to be completed by 2026, has already commenced construction, with initial demolition, excavation, and groundwork underway.&nbsp;

The project, expected to be completed by 2026, has already commenced construction, with initial demolition, excavation, and groundwork underway

KTQ clears final approval for Kirra Beach Hotel redevelopment

Sydney's busiest apartment developer Deicorp is continuing its dominance in Sydney's inner-city suburbs.

They've filed plans with the City of Sydney Council for their <a href="/new-apartments/130-joynton-avenue-zetland">2.86-hectare Joynton Avenue site</a>, the former AusGrid facility they secured two years ago.

The proposal is for nine new buildings as part of a new mixed-use precinct at the end of Zetland Avenue, near Gunyama Park. There will be a total of 574 apartments at a cost of just over $300 million.

Akin to its other Zetland apartment development Downtown, the new development, dubbed The Avenues, in the planning documents, will have extensive retail at street level.

Designs have been drawn up by Fender Katsalidis, Candalepas Associates and Lachlan Seegers Architects for the nine buildings.&nbsp;The larger buildings, labelled A, B and C on the perimeter of the site, have been designed by Fender Katsalidis.&nbsp;

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="6fb264fa-6872-42b8-81a6-18be48abf870" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-13%20at%2010.47.05%E2%80%AFAM.png?VersionId=VRb2qLsnaakvT8Lyll54bVMQECaltz7N" />Building A by Fender Katsalidis

Building A, next to Woolwash Park, will be the tallest of the three at 14 levels. That will home 93 apartments. Building B will have 76 apartments across 12 levels, while building C, next to Biyanbing Park, will rise just eight levels with 61 apartments

Building A will home a providore grocer, cafe and bistro on the ground floor. Building B will have a coffee pop up, juice bar, and a speciality food retailer and Building C will have a large restaurant, a smaller restaurant, and a food and beverage outlet.

The three buildings FK has designed will home 230 apartments, 44 one-beds, 162 two-beds and 24 three-bedroom units.

<img alt="FK" data-entity-type="file" data-entity-uuid="69fdba1d-896f-494d-b7ee-6c9a9cd8a251" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%209.39.26%E2%80%AFAM.png?VersionId=ha84O5O5hpAyE21fEr6f.3MAtSm8xEDX" />Building C by Fender Katsalidis

Candalepas designed several of the other smaller buildings. They will bring the other 344 apartments,&nbsp;62 one-beds, 231 two-beds and 51 three-bedroom units.

The Design Verification Statement, signed by&nbsp;Angelo Candalepas, said the proposed building provides a density within the constructs of both the Sydney Local Environmental Plan and the City of Sydney’s current Development Control Plan.

"As such, the proposal is reflective of the future desired character for this area. Given its inner-city location, the Site is well-serviced by local infrastructure, public transport, employment, community facilities, parks, shopping etc."

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="533d57d2-ebc6-4278-a731-7aff71abc137" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-13%20at%2010.44.48%E2%80%AFAM.png?VersionId=RFUzElWmRRukb8VkxBiRTDfzW6yvMkRl" />Building D1 by&nbsp;Candalepas Associates

On the design, Candalepas said the materials are unified and developed as a series of earth-coloured brick structures that provide a deliberate warmth to the centre of the heavily landscaped site.

"The proposal is based around building forms with elegant proportions, contextual linkages as well as a number of pleasuring aesthetic offerings such as textural variety and the carefully considered interplay of light and shadow."

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="dae51cfc-3655-457e-801b-400480bc3bc8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%209.47.58%E2%80%AFAM.png?VersionId=WXY42GnG41Rh7kdWGOd_6JV2rkaQqA74" />Building E2 by&nbsp;Lachlan Seegers Architects

The buildings will be sustainable, with the design of the&nbsp;façade developed as a thermally efficient high-performance envelope, to optimise passive thermal design principles and provide user-controlled, external shading devices in conjunction with natural ventilation to regulate thermal comfort.

"We propose to deliver an Environmentally Sustainable Design (ESD) that will not only respond to the regulatory challenges of achieving BASIX and SEPP Sustainable Buildings 2022 targets, but will also provide a vibrant, engaging and healthy development for residences,"&nbsp;Candalepas noted.

Deicorp is one of Sydney's most active developers. It has live developments in Zetland, Parramatta and several in Sydney's Hills District, while also preparing to launch apartments in Melrose Park, Rhodes and Crows Nest.

<h2>Joynton Square Summary</h2>

Address: 130 Joynton Avenue, Zetland

Site: 27,980 sqm

Developer: Deicorp

Architects: Candalepas Assocaites, FK and&nbsp;Lachlan Seegers Architects

Apartments: 574

Parking: 229

First look exclusive: Deicorp submit plans for The Avenues, mixed-use Zetland precinct

Sherpa Property Group&nbsp;has announced a significant donation to Serving Our People.

It's giving all the proceeds of a $1.2 million apartment in its luxury Palm Beach apartment development,&nbsp;<a href="/new-apartments/perspective-nexus">Perspective Nexus</a>&nbsp;to Serving Our People's essential projects, such as The People’s Market, Feeding Our People, and other programs addressing current rising cost of living and welfare to the community across Queensland and New South Wales.

The proceeds will provide crucial support in the form of non-perishable groceries and household items as well as other vital programs such as Youth Empowerment, and children and family welfare programs supporting all those in need.

[smartcode_project:default project_id=108324 project_image_fid=231830]

"At&nbsp;<a href="/developers/sherpa-property-group">Sherpa Property Group</a>, community upliftment is paramount. This donation underscores our dedication to making a positive difference in the community," said Christie Leet, Founder of Sherpa Property Group.&nbsp;

“Sherpa remains in true alignment with the values of Sherpas, with an unwavering commitment to serving people and our community and facilitating the journey of others.

“We’re honoured to be cultivating a culture of giving back to the wider community with partnerships amongst the many consultants, builders, trades, suppliers and subcontractors involved in Nexus.

“Our partnership with the incredible team at <a href="/builders/lps-group">LPS Group</a> has been monumental, their contribution of expertise has maximised the impact of the donation and has ensured that every dollar raised directly benefits Serving Our People’s vital initiatives.”

[smartcode_project:default project_id=108324 project_image_fid=250148]

Mark Short, Director of construction firm LPS Group, emphasised the project's significance amid the ongoing housing crisis.&nbsp;

"Joining forces with Sherpa Property Group to support Serving Our People is both an honour and a responsibility. Together, we're leveraging our expertise to drive tangible change, underscoring our collective dedication to community welfare.&nbsp;

“It's truly rewarding to be involved in a project that has such a meaningful impact on the community.”

Since its inception in 2020, Serving Our People has been at the forefront of addressing the intensified challenges faced by Australians from all walks of life, including homelessness, food insecurity, unemployment, and housing instability.&nbsp;

With a surge in demand for support, Serving Our People's initiatives, like The People’s Market, have become lifelines for vulnerable individuals and families.

[smartcode_project:default project_id=108324 project_image_fid=250147]

Yas Daniel Matbouly, Founder and CEO of Serving Our People, said the donation is the single largest the charity has received

"The funds raised will directly impact The People’s Market, Feeding Our People program, Feed 100 children as well as our emergency relief and vital programs who need them most”, Matbouly said.

&nbsp;

As Serving Our People continues to expand its reach and impact, Sherpa Property Group's donation stands as a testament to the power of collective action in fostering positive change within communities. Together, they are paving the way for a future where every individual has access to the resources they need to thrive.

Serving Our People’s The People’s Chance Raffle platform could present an opportunity for this apartment to be raffled contributing to Serving Our People's impactful initiatives while also having a chance to win a prestigious property.

[smartcode_project_cta:default project_id=108324]

Sherpa Property Group Makes record $1.2 million apartment donation to Serving Our People charity to fight food insecurity and cost of living crisis

Sherpa donate $1.2 million apartment proceeds to Serving Our People

After completing the transfer of the One Global Conference Centre, Iwan Sunito’s <a href="/developers/one-global-capital">One Global Capital</a> has continued its buying spree securing The Grand Shopping Centre at <a href="/developments/eastlakes-nsw-2018">Eastlakes</a> in Sydney’s east.

It's paid $19.5 million, on a yield of seven per cent, for the shopping centre that sits beneath the Crown Group developed The Grand Residences Eastlakes.

“This acquisition will bring One Global Capital’s investment asset value to be in excess of $750 million,” One Global Capital Chairman and Group CEO Iwan Sunito said.

“We are at the early stage of growth phase of the company. I am very happy with the strategic acquisition that I have built up in the last two years.

“This significant acquisition forms part of a strategic seven-year vision to go public while growing the ‘recurring income’ of the company and building its mixed-use development capacity."

[smartcode_project:default project_id=7652 project_image_fid=262582]

The centre will eventually be rebranded from The Grand to The One Global Centre.

"The team is immediately working towards adding more mix including more convenience stores. We expect to fill up the space within three months following completion of the acquisition."

The first stage of The Grand Shopping Centre, which opened in July 2021, comprises over 3,000 sqm of retail space and consists of 16 outlets including a larger format ALDI, a Woolworths Metro and a range of specialty stores including Pattison Pattiserie, Wholelife Pharmacy, Australia Post and Newsagency, Ausome Nails, Akira Sushi, Hatch Espresso, SP mobile and Val Morgan Retail.

[smartcode_project:default project_id=7652 project_image_fid=262600]

Sunito said they want The One Global Centre to be the new community hub for the East.&nbsp;

“I am greatly inspired on the ‘walking village’ and ‘green concept’ of Brisbane’s James Street in Fortitude Valley and West Hollywood. We want The One Global Centre to be a centre that brings green to the area and also to rediscover its social and cultural roots.

“I believe that The One Global Centre being surrounded by many of the residents around it and the low-rise buildings is ideal for this walkable village and green centre concept.”

[smartcode_project_cta:default project_id=7652]

The Grand Residences Eastlakes to benefit from One Global Capital's shopping centre purchase

Sales are coming thick and fast at Siera Group's luxury Bilinga beachfront apartment development, Pipis.

The burgeoning developer, who is also delivering Tapestry on Chevron Island and is soon to launch a <a href="/new-apartments/exhale-surfers-paradise">new tower on Enderley Avenue</a>&nbsp;just off Northcliffe Beach, has seen a huge uptake from both local and interstate buyers at Pipis, on the quiet strip of sand just north of Kirra.

Around 65 per cent of the buyers so far have been from the Gold Coast and Brisbane, a mix of owner-occupiers, downsizers and investors, while 35 per cent have come from interstate, more specifically outside of Sydney and Melbourne.

The main motivation of the buyers has been to find somewhere that allows them to live on the beach, to walk, swim and surf every day, but paired with a location that offered a more relaxed, slower-paced lifestyle compared to some of the busier Gold Coast beaches.

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Pipis comprises just 19 luxury beachfront apartments,&nbsp;17 half-floor, three-bedroom apartments and two two-level penthouses with four bedrooms which will be released to the market later this year.

Designed by&nbsp;<a href="/architects/ellivo-architects">Ellivo Architecture</a>,&nbsp;<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225" target="">Pipis</a>&nbsp;apartments boast spacious open floor plans spanning from 233 sqm to 314 sqm, with the kitchen, living, and dining areas flowing onto balconies overlooking the beach.

Pipis will be well connected to the Gold Coast, with the&nbsp;new light rail stop set to be just 300 metres away from&nbsp;<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225" target="">Pipis</a>&nbsp;at Boyd Street.

[smartcode_project:default project_id=138311 project_image_fid=264300]

Siera Group Managing Director Brent Thompson says that while people see the apartments as a home, they also see it as an investment.

"Some of our buyers its an investment as much as a lifestyle play," Thompson says.

"They see the opportunity where they can appreciate good capital growth over the next decade. Those properties are beocming rarer and rarer and baechfront sites are becoming harder to amalgamate."

Thompson says that not only do the apartments present good value compared to the southern states, they represent good value compared to the rest of the Gold Coast.

"When you look at the Tugun, Bilinga beachfront, we're able to deliver 300 sqm apartments for around $15,000 per square metre. Anywhere else that's absolute beachfront on the Gold Coast, like Main Beach, it's more like $25,000 a metre. It's an&nbsp;amazing value proposition."

[smartcode_project:default project_id=138311 project_image_fid=264302]

Pipis is under construction by LPS Group and is expected to be compelted by early-2025.

Siera Group's next development is on Enderley Avenue where they will launch 54 apartments designed by BDA Architecture in the coming months.

[smartcode_project:default project_id=112661 project_image_fid=283645]

There will be two levels of amenity, with the lower level hosting a communal mezzanine with a spa, gym and sauna, and the upper level with a lap pool with pool deck, barbecue alfresco space, a private dining area with a bar and cellar room, a games room, and a space with work from home facilities.

Thompson believes the majority of buyers at Enderley will be local downsizers.

"We want to really elevate the liveability factors of an apartment for a downsizer, and we think, on top of larger sized apartments with good design, we can do that with extensive amenity," Thompon says.

Read more:&nbsp;<a href="/news/qld/the-gold-coasts-hottest-apartment-developments-set-to-launch-in-h2-2024">The Gold Coast's hottest apartment developments set to launch in H2 2024</a>

Local and interstate buyers drive Pipis Bilinga apartments to 75% sold

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.

[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."

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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.

[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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