Award-winning developer <a href="/developers/kokoda-property">Kokoda Property</a> has been given the green light for its $1.5 billion Skyring Terrace project, the largest private development in Brisbane.

Located at 17-27 Skyring Terrace, <a href="/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe">Teneriffe Banks</a> will feature five distinct, slender buildings across 17,612 sqm which will become home to over 200 luxury residences, lofts and penthouses, and the first The Kimpton Hotels &amp; Restaurants. There will also be an expansive&nbsp;commercial offering including over 4,800 sqm of absolute waterfront dining and retail, and a redeveloped, purpose-built community centre.&nbsp;

Kokoda collaborated with partners <a href="/architects/carr-design">Carr</a>, <a href="/architects/cottee-parker-architects">Cottee Parker Architects</a> and <a href="/architects/urbis">Urbis</a>&nbsp;to create the precinct.

<img alt="Skyring Terrace" data-entity-type="file" data-entity-uuid="2dc0747c-65f5-4a76-8064-00fa1ec88f97" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kokoda%20Skyring%20Tce_View%2012_Intersection.jpg?VersionId=9mMXCudiRnokXjqXPLHIa.uaplpEurDE" />

The project’s architecture draws inspiration from Teneriffe’s iconic brick woolstores and structural remnants of the suburb's river industries and was designed with the subtropical Queensland climate in mind, maximising opportunities for outdoor and semi-outdoor active spaces.&nbsp;

Kokoda Property Founder and Managing Director Mark Stevens emphasised the importance of enhancing public accessibility to the Brisbane River as a key motivation for acquiring the Skyring Terrace site.&nbsp;

“Our vision for the project is to reignite the Brisbane riverfront for a new generation, with 9,331 sqm of the Skyring Terrace development dedicated to being open, lush green public spaces with sprawling laneways and a 220m riverwalk extension," Stevens says.

“With 53 per cent of the site being open, green and for public use, our vision sees this reconnection to the Brisbane River in a unique and creative way.

“What Kokoda Property and our project partners are creating is not just a global destination in Brisbane, we are breathing new life into a currently underserved yet highly coveted piece of land."

Kokoda says they will release more information on the project in the coming months.

[smartcode_project_cta:default project_id=139896]

Kokoda’s Skyring Terrace project gets the go-ahead, advancing Brisbane’s growth with the city’s largest private development. 

Joel Robinson

Kokoda Property’s $1.5 billion Teneriffe Banks project on Skyring Terrace receives approval

Building approvals for new homes increased by 5.5 per cent in May 2024, data from the Australian Bureau of Statistics showed.

While an upswing, predominantly led by Western Australia, there have only been&nbsp;163,760 total dwelling approvals over the most recent 12 months to May 2024, well below the 240,000 new homes needed each year from 1 July 2024 to achieve National Cabinet’s goal.

Approvals in the three months to May 2024 are down by 1.5 per cent compared to the same period in the previous year.

HIA Chief Economist Tim Reardon said the low approvals numbers indicate a slow start to building 1.2 million homes over the next five years. 
&nbsp; 
“Increasing the number of homes built will be necessary to address longstanding housing shortages," Reardon said. 
&nbsp; 
“Addressing tax, planning, land and regulatory constraints will be necessary to increasing the supply of homes in Australia."

Some 14,180 residential building approvals came in May, 9,260 of which were for detached houses and 4,920 for multi-units.

Multi-unit approvals increased by 14.3 per cent in May from very low levels in recent months. Over the three months to May 2024, multi-unit approvals remain 19.1 per cent lower than in the same period in the previous year.

Western Australia led the way in approvals. In the three months to May, WA approvals were up 51.1 per cent compared to the same period 12 months ago. They were followed by Victoria (+10 per cent).

New South Wales saw the second largest decline (-21.6 per cent) only behind the Northern Territoy (-34.3 per cent), while South Australia (-6 per cent) and Queensland (-4.8 per cent), saw modest drop offs.

UDIA NSW CEO, Stuart Ayres, says the 43,000 approvals in NSW are an early warning sign that Minns Government has a lot more to do.”&nbsp;

“Housing approvals are the canary in the coalmine and today’s data shows NSW is not refilling the pipeline of housing with enough approvals, which will make it difficult to achieve our state’s ambitious housing target of 75,600 a year and today’s data revealed that, day-by-day, that goal is getting more difficult to realise," Ayres said.

"This pressure is being felt across the whole state, and across all typologies."

Home building approvals way off the pace, but increase from decade-low levels in May

Palm Beach is in very much in vogue, and everyone's charging toward the beachfront.

While Sherpa and Ignite recently secured sites on the eastern side of the Gold Coast Highway, now 5Point, who is currently both developing and building Ophira just a few doors down, has more plans for the beachfront.

They've secured a prime 824 sqm site at 171-173 Jefferson Lane where they've submitted plans for Palm Shores, a nine-level building with 16 apartments.

<img alt="5Point" data-entity-type="file" data-entity-uuid="4bc4dda4-5bb4-47eb-91e9-4d96827914e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-01%20at%2011.15.59%E2%80%AFAM.png?VersionId=onVnq7rtwpYt8T93VQg45Avwb8jwWTvh" />

The proposed project by <a href="/architects/plus-architecture">Plus Architecture</a>&nbsp;will have three and four-bedroom apartments, a market 5Point has doubled-down on in the last 12 months. The apartments will sit above three levels of basement, enough parking for 40 cars.

Plus said in the documentation submitted to the Gold Coast City Council that "it's all about the view."

"Put simply, water + sand," Plus wrote.

They said the crafted curves create a visual story of the site and the connection to the sand. The facade will feature grooved concrete panelling and prefinished metal fins to create a striking exterior.

<img alt="​​​​Jefferson Lane podium" data-entity-type="file" data-entity-uuid="6bf9c26e-e83a-4692-9f53-7e87d9a43f99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Jefferson%20Lane%20Palm%20Beach%20podium.png?VersionId=mV3TvOeETK9ItCqKjZnu_HZtnVt1WcAg" />

The ground level of Palm Shores will home to two beach house-style units that will span two levels. Three-bedroom, half-floor apartments run from level three to the penthouses that start on level eight. They each have four bedrooms and their own private rooftop terraces with a swimming pool and outdoor dining area.

The apartments will range in size from around 156 sqm to 250 sqm, each featuring private open balconies off the living, kitchen, and dining areas, oriented towards the east to capitalise on oceanfront views.

The resident amenity will be on the ground level and include a pool, landscaping, deck areas, and day beds, oriented to receive sunlight throughout the year.

<img alt="171-173 Jefferson Lane cos" data-entity-type="file" data-entity-uuid="c74f492a-89ec-47c0-b228-7ef40f1cfcf3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Jefferson%20Lane%20Palm%20Beach%20cos.png?VersionId=1Tn7gomBLJWw.WLo0Tk.foGD8pDau_fe" />

<a href="/landscape-architect/zone-landscape-architecture">Zone Landscape Architecture</a> has integrated planting elements within the built form, including a canopy tree as a key landscaping feature at the ground level.

The proposed development at Jefferson Lane is part of 5Point's broader strategy to contribute to the region's housing targets, as outlined in the ShapingSEQ 2023 plan, which emphasises the need for high-rise residential developments on the Gold Coast.

Recently Ignite swooped on a Palm Beach site that will bring a further 36 apartments to the in-demand market later this year.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-ignite-projects-head-back-to-palm-beach-beachfront-with-latest-apartment-development">First look exclusive: Ignite Projects head back to Palm Beach beachfront with latest apartment development</a>

The proposed project by Plus Architecture will have three and four-bedroom apartments, a market 5Point has doubled-down on in the last 12 months



5Point go again in Palm Beach with Palm Shores apartment development

Prominent Sydney builder-developer Urban Property Group was the first developer in the country to take out the new 10-year Latent Defects Insurance offered by Resilience Insurance.

The insurance is proving to be a major drawcard for off-the-plan apartment buyers due to its dual benefits. There are frequent site and build inspections to ensure faultless construction. Additionally, should any structural defects arise upon completion or within the next 10 years, the insurance covers any out-of-pocket expenses buyers might face.

Since including the policy on their Parq Bexley project, Urban Property Group has taken it out on their new Macquarie Park development La Vera, and they're not stopping there.

[smartcode_project:default project_id=134951 project_image_fid=223715]

The state-wide developer is putting the product in front of more off the plan buyers than anyone in Australia. They'll be the first to offer the policy on new apartments in Penrith, at their Mayfair by Penrith precinct-style development, as well as the first in the prized Eastern Suburbs beachside market where they're building it into their feasibilities for Coast in Little Bay.

"Anything we can do to give confidence in our product is a plus," Urban Property Group CEO Patrick Elias told Urban.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They're making their single large investment, which is their home, and providing confidence is something that we feel is paramount."

Urban Property Group, which has developed thousands of new dwellings across Sydney over the last 35 years, was also an early adopter of the iCIRT rating system.

"The two complement each other and show prospective buyers there's no risk buying with us," Elias added.

"Having the policy doesn't change our product, it just changes the mindset of the purchaser. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share."

Read more:&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

Urban Property Group recently took over the development of Central Coast Quarter from St Hilliers. Elias says one of the advantages of LDI that benefits both buyers and developers is the incremental inspections that are undertaken by experts.

"If for whatever reason a developer or builder goes into administration, there's a third-party, independent record of what's been built to date, which is an important factor for both buyers who have bought into a development as well as a developer or builder taking over a project. It assures build quality throughout the process."

Urban Property Group's next development to launch with Resilience LDI will be <a href="/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith">Mayfair</a> in Penrith, their sixth and final development in the Thornton precinct.

The two-building development will comprise around 287 apartments by SJB, with the&nbsp;two-level colonnade reminiscent of Sydney's GPO building. The apartments will sit above significant retail on the&nbsp;large 8,280 sqm, Lord Sheffield Circuit site opposite the Penrith Station.

<img alt="Mayfair" data-entity-type="file" data-entity-uuid="fa181e55-fe1a-47c8-b503-a47abaf20b07" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-26%20at%2010.58.29%E2%80%AFAM.png?VersionId=V8LWOz22ZEkl6lx5zywWW3GmU3AHqI4k" />

Urban Property Group is also expecting to be offering the policy to buyers at Coast, their Little Bay apartment development they're hoping to launch early next year. It will be the first beach suburb to have LDI.

Coast will have around 75 apartments across three low-rise buildings on over one hectare of bushland at 11 Jennifer Street.&nbsp;

The project designed by <a href="/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis Architecture</a> adopts the courtyard apartment type, which Hill Thalis founding principal Philip Thalis says is puzzlingly rare in Australian cities, despite its suitability to the climate and long architectural traditions of sociability.

<h2>What is Resilience LDI?</h2>

Resilience LDI is the first Latent Defects Insurance policy in Australia. The insurance provides off the plan apartment buyers with a 10-year warranty on their new apartment and the building it's situated in.

The cover is purchased by the property developer/builder (pre-construction) and is designed to protect owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

For more information about Resilience LDI,&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">click here</a>.

Urban Property Group to take 10-year Latent Defects Insurance to Penrith and the Eastern Suburbs: Five minutes with Patrick Elias

Luxury developer Fortis is mixing up their Newstead, Brisbane project.

Fortis, who operate across the luxury apartment and commercial markets in Sydney and Melbourne, had been tinkering with the <a href="/new-apartments/12-kyabra-street-newstead">Kyabra Street site</a> since they acquired it for $5.775 million in early 2022 when it came with approval for an 11-level timber officer tower.

In February they sought to change the design of the building to create something more inkeeping with local architecture.

But now those plans are likely to be moot, given the recently submitted plans for a bureau^proberts&nbsp;designed building with 65 apartments. The architecture firm suggested in the planning documents that the new proposal both better aligns with changing market conditions and the local architectural context.

<img alt="12 Kyabra Street, Newstead" data-entity-type="file" data-entity-uuid="d8d0336a-66ec-4ffc-b538-a313fbd73f9f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kyabra%20St%20front.png?VersionId=1IW.4oGgwYOjBzRp686rKN_q53eHH8Gk" />

"The iconic form is a contribution to the future skyline of Brisbane and responds to the changing identity of its inner-city suburbs,"&nbsp;<a href="/architects/bureauproberts">bureau^proberts</a>&nbsp;noted in their design statement.

"Situated in an ‘inner city sustainable growth precinct’, 12 Kyabra St’s contribution of an increase in housing is in line with the precinct planning laid out by the Brisbane City Council."

They said the tower is anchored by a solid brick and masonry podium, softened by lush planting.

"The materiality pays homage to the iconic brick warehouses that define Newstead’s identity. This historical reference anchors the development in its context and provides a sense of recognizable identity to the streetscape."

The new 22-level tower will now house a mix of 54 two-bedroom and 11 three-bedroom apartments.

<img alt="12 Kyabra Street, Newstead podium" data-entity-type="file" data-entity-uuid="b36e3fb2-1767-4ad9-b550-0dc4642082f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kyabra%20St%20podium.png?VersionId=UARmPNYtzZXkD1R23qrpeqY22anvZx3g" />

Vertical greenery and strategic screening will provide privacy while offering views of the city and river.&nbsp;

The building’s profile is slightly angled to capture long-term view lines to the CBD and allow filtered light into the apartments.&nbsp;Residents will also be provided with a rooftop and outdoor space with views of the CBD and the Brisbane River.

Fortis, the development arm of funds manager Pallas Capital, is currently developing its first Brisbane development, on the water at Kangaroo Point.

<a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">River House by Fortis</a> features 14 full-floor apartments, each with 260 sqm of internal space, across a 14-level building on O'Connell Street.&nbsp;

In Melbourne they've been active too, <a href="/news/vic/fortis-launch-mixed-use-richmond-development-wiltshire-house">recently launching Wiltshire House in Richmond</a>.

First look exclusive: Fortis flick offices to apartments in Newstead 

Leading Australian integrated property development group, Aqualand, has today formally opened its greatly anticipated <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> mixed-use precinct.

Project delivery partners, stakeholders, staff and special guests joined the Mayor of North Sydney, Zoë Baker, <a href="/developers/aqualand-australia">Aqualand</a> Group Managing Director, Jin Lin, and Aqualand Group Executive Chairman, Warwick Smith AO, for the ribbon-cutting ceremony at the new development at&nbsp;168 Walker Street, North Sydney, which was followed by a celebration in the new project precinct.

Towering 28 storeys above the streetscape, and commanding stunning views of Sydney Harbour, the striking $1 billion&nbsp;<a href="/architects/woods-bagot">Woods Bagot</a>-designed mixed-use residential community features 386 luxury apartments above a richly landscaped community precinct, including a two-storey curated food and beverage podium with four world-class venues operated by their hospitality business, Etymon Projects.

The landmark building is Sydney’s latest example of architecture as sculpture, a category that includes some of the city’s most memorable buildings, including the Sydney Opera House, Barangaroo House and Darling Harbour’s The Exchange.

<img alt="AURA by Aqualand ribbon cutting" data-entity-type="file" data-entity-uuid="613b3d64-3355-46dc-8c49-ba8c972539a4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/DSC03116.jpg?VersionId=jkbTzh7xg_XWekAp_8SyzeWunSSy7KnE" />

AURA’s gracefully undulating organic shaped facade creates the illusion the single structure is divided into four separate towers, with staggered peaks stepping down from level 29 to level 23. Its distinctive hourglass shape cinches in at the level-nine ‘waist’ of the building, where the resident’s community centre is located.

Architect Jason Fraser, Principal at Woods Bagot, sought inspiration from the eroded sandstone forms of Sydney Harbour’s water’s edge and the ever-changing play of light on the water, with its ground plane featuring the same natural sandstone seen all through the prestigious suburb, to integrate the building into the unique landscape.

Delivered by Aqualand’s internal construction arm, <a href="/builders/aqualand-australia">Aqualand Construction</a>, work on the project commenced in January 2020 and saw hidden luxury inclusions built into every layer of the building’s fabric to future-proof the structure, rather than just expressed via the visible fixtures and fittings.

AURA’s luxury oversized apartments exceed the minimum building requirements, with the standard size for a two-bedroom apartment in the area measuring 80sqm, whereas AURA’s measure 95sqm, plus a wintergarden, making them well over 100sqm in total.&nbsp;

<img alt="AURA by Aqualand worm view" data-entity-type="file" data-entity-uuid="81d90657-b28e-4119-81a5-d3fd43253fc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/aura-dslr-26.jpg?VersionId=B_F.ccdZjgQbnhJfqE5kFmRwtOxgnYzx" />

Residents are set to benefit from an elevated luxury lifestyle with amenities including a dedicated concierge service, wellness centre with gym equipped with world-leading fitness technology brand TechnoGym, pool and spa. A glamorous rooftop area offers a sky sun deck, private dining spaces, barbecue and kitchen space for year-round al fresco entertaining.&nbsp;

The community centre includes working and entertaining amenities, including a cinema room.

Luxury inclusions include the integration of the latest technology, including provisions to charge electric vehicles. A pool of Tesla share vehicles is available for residents to hire, all apartments have full fibre nbn internet connections, and Wi-Fi hot spots have been installed in common areas throughout the entire building.

Crowning the tower are the <a href="/interior-designers/richards-stanisich">Richards Stanisich</a>-designed Aqua and Prima penthouses, which share the entire 28th level. The largest penthouse, Aqua, features a master suite, complete with substantial walk-in dressing area and ensuite, three other bedrooms, second ensuite &nbsp; and another bathroom, powder room, open plan kitchen, scullery, substantial dining area and generous living room divided by a feature fireplace, and a multifunction wintergarden, which is ideal for a study and adjoining office breakout space.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=284307]

To assist residents with their lifestyle needs, Aqualand has appointed Etymon Concierge to deliver tailored specialised concierge services onsite, as well as premium bespoke lifestyle management.

Whilst these traditional concierge services will be provided to all AURA residents as part of their strata, such as the booking of amenities, including the pool, gym, rooftop Sky Deck, community room, meeting rooms and other bookable spaces - either face-to-face or via a dedicated app - two more bespoke layers of services will be available at additional cost. 
Known as Concierge Now, the second tier offering includes the sourcing and management of specialist services such as dinner party organisation, the curation of a wine cellar, or executive assistant expertise, for instance.

The top-tier lifestyle management service, known as Black Key, is by invitation only and provides the ultimate in bespoke personalisation. This could include a range of everyday discrete services, from having groceries delivered, pets fed or plants watered, dinners or snacks and coffees ordered and delivered, recommendations on touring cultural events, including ticket sourcing, right up to organising visas and airfares for international travel. &nbsp;&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=284310]

AURA’s extensive podium level retail precinct provides residents with a curated shopping and dining destination on their doorstep, including Sol, a bakery, café and wine bar; Una, an artisanal providore; Soluna, an LA-inspired all-day diner and bar; and Genzo, a Japanese restaurant. A network of landscaped laneways welcomes visitors into the precinct.&nbsp;

Aqualand’s collaboration with award-winning landscape architects, <a href="/landscape-architect/turf-design">Turf Design Studio</a>, has resulted in a ground plane design that successfully integrates the project with the unique local environs of the characterful suburb.&nbsp;

This landscape design was recently embellished with the installation of the site-specific public art piece titled ‘landscape’ by UK artist Richard Sweeny, which graces the Walker Street entrance to the precinct.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=284311]

<a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> represents the fifth residential project delivered by Aqualand since the company’s launch in 2014, and today joins a portfolio of other completed luxury projects, including BLUE at Lavender Bay in Milsons Point and The REVY at Darling Island.

Jin Lin said the project’s completion in time for Aqualand’s tenth anniversary was fortuitous as it perfectly showcases what Aqualand has come to stand for over the last decade.

“We’ve achieved some remarkable milestones over the past 10 years, but really, we’re only at the start of our journey, and the future looks extremely promising," Jin Lin said.

"AURA stands as testament to us delivering on our objectives, which is to be the leader in positively transforming Sydney and our local communities through design excellence.&nbsp;

“We’re committed to collaborating with the world’s finest designers and delivery partners and have an unwavering commitment to design excellence and delivering the highest build quality possible. We exist to provide a new sense of place for people to live, work and play, with an enriched lifestyle at all levels, and AURA perfectly demonstrates all of these attributes."

Jin Lin said delivering AURA has been an incredibly challenging and rewarding experience for everyone Aqualand.

[smartcode_project:default project_id=30959 project_image_fid=284308]

"AURA will be home to more than just its residents. It’s set to become a North Sydney hub with its world-class retail spaces and the deep commitment invested in the suburb’s vibrancy and night-time economy through these venues.

“As the sole developer and builder of the state significant Central Barangaroo precinct, potential buyers there can now look to AURA as a living and breathing exemplar of what they can expect to us to deliver there. They can see the understated luxury we stand for first-hand, and this is incredibly rewarding."

Aqualand’s Head of Sales and Marketing, Alex Adams, said AURA’s completion is the start of an exciting new phase in the project’s customer journey.

“AURA is no longer an off-the-plan project. It’s now complete and move in ready. This removes any uncertainty in a potential buyer’s mind about purchasing off-the-plan, as they now have no doubt about the build quality. They can now see and feel the construction standards we insist on first-hand," Adams said.

[smartcode_project:default project_id=30959 project_image_fid=284265]

“As our clients start to take move into their amazing new residences soon, potential buyers can visit the brand-new sales showroom at the Walker Street entrance and book a tour of the beautiful display apartments, which are fully furnished by Space Furniture to choose the layout that best suits them. They can also now see the incredible resident facilities and experience the amazing hospitality venues in the podium levels. AURA’s unique contribution to the broader North Sydney community is now clearly evident.

“We’ve seen outstanding sales already for AURA, which is testament to our clients’ trust in us. We achieved $100 million in sales in February alone, with the outstanding figure breaking the North Shore record for the highest sales volume and revenue achieved in one non-launch month."

Adams says&nbsp;AURA’s sales performance is a key indicator of the robust luxury market, coupled with a dire shortage of luxury stock and persistent rental shortages adding further pressure.

"Our buyers understand AURA really is incomparable to any other projects on the north shore for so many reasons, including its close proximity to so many top-tier private schools being just one on a long list of unique selling points."

[smartcode_project_cta:default project_id=30959]

Aqualand Managing Director Jin Lin said the project’s completion in time for Aqualand’s tenth anniversary was fortuitous as it perfectly showcases what Aqualand has come to stand for over the last decade.

Aqualand officially opens landmark North Sydney apartment development, AURA by Aqualand

TWT Property Group's transformative $1 billion-plus masterplan in St Leonards is set to get larger.

TWT, which has around 9,500 sqm in the heart of St Leonards, has submitted plans to the North Sydney Council for a 4210 sqm site encompassing&nbsp;55-69 Chandos Street and 71-89 Chandos Street, St Leonards.

They're padding out the precinct, initially dubbed The Collective but referred to in the recent documentation as TWT Village, with another two mixed-use buildings that will home 137 apartments above retail, hospitality, and commercial office space.

<img alt="55-89 Chandos Street St Leonards" data-entity-type="file" data-entity-uuid="b8d8ad48-d68b-4a9a-bd03-5557e859a782" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Chandos%20Street%20ST%20LEONARDS%20perspective.png?VersionId=5hbvetdYUOcG7Sow.hCn1peQfPHw93h1" />

<a href="/architects/smart-design-studio">Smart Design Studio</a> has put together plans for the two 11 and 12-level buildings, suggesting in their design statement that the large mixed-use sits within the evolving town centre of St Leonards and is a wonderful opportunity to create a distinctive and appealing architectural and urban response.

"Surrounded by greenery, the combined site will be framed by the proposed tree-lined Oxley Street linear public park and the new through-site-link which connects Chandos Street to the transport hubs of St Leonards."

The apartments on offer will be a mix of studio, one, two and three and four-bedroom apartments.

<img alt="TWT" data-entity-type="file" data-entity-uuid="02a89efc-1e20-4350-aed7-a741dc57afde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-27%20at%203.48.34%E2%80%AFPM.png?VersionId=j3C51lO_3bCQmIJQIX1XsPlboy5sXv4Q" />

The Design Verification Statement said that combining the two Chandos St sites&nbsp;offers significant benefit, providing the opportunity to address key issues at an urban scale, such as the best location for the north to south through-site-link and combined public domain benefits, as well as allowing a cohesive and considered approach to the architectural design of the buildings.

"A consistent approach to the architectural expression is established for a greatly improved urban outcome," the statement read.

"Combining what was originally four sites provides the opportunity to apply a more uniform approach to the design of the buildings to achieve a strong and appealing design outcome."

Ethos Urban says the TWT Village refers to a large landholding within St Leonards that is being delivered by TWT Global, whereby several different planning applications have been lodged and approved.

"Whilst all these proposals are capable of standing alone and can be addressed, constructed and operated independently from each other, it is anticipated that these buildings will become an interconnecting village."

Earlier this year <a href="/news/nsw/twt-appoint-westbourne-construction-to-build-first-stage-of-1-billion-st-leonards-masterplan-the-collective">TWT apppointed Westbourne Constructions</a> as the builder of the masterplan.

The inaugural phase of The Collective will introduce 93 residences with one to four-bedroom configurations. The low-density design has been created by Team2 Architects and will have interiors by DBI.

First look exclusive: TWT expand $1 billion St Leonards precinct

Sydney’s iconic Luna Park, one of Australia’s most recognisable amusement parks, has been listed for sale for the first time in two decades.

The sale is tipped to generate significant domestic and international buyer interest in the unique site on the shores of Sydney Harbour.

CBRE’s Simon Rooney, James Douglas and Paul Ryan have been exclusively appointed to steer the campaign for the landmark amusement attraction on behalf of global investment firm Brookfield.

Rooney said the sale presents a unique opportunity to secure the Luna Park business in a globally recognised Sydney landmark underpinned by outstanding investment fundamentals and a strong brand.

Trophy assets such as Luna Park are tightly held and rarely traded, with the campaign providing an opportunity to secure a world class entertainment, event and experience destination with further upside.”

<img alt="Luna Park" data-entity-type="file" data-entity-uuid="f8c653ae-c907-40fc-b958-72e46298e941" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-26%20at%209.15.21%E2%80%AFAM.png?VersionId=YOfP_SPNmVPNLPJ4ogWr5wHPsnHPA0t6" />

John Hughes, CEO of Luna Park Sydney, said since opening in 1935, Luna Park has played an important role in Sydney’s social and cultural fabric.

"The business has undergone a strategic transformation, with a $40 million upgrade during the last four years adding new rides and immersive experiences, both of which are driving record visitation.

"Our outstanding management team is pursuing a strong pipeline of new opportunities that will further add value to the business.”

Luna Park Sydney now features 17 amusement rides, the heritage-listed Coney Island, 7,000 sqm of building floorspace including Sydney’s Immersive Big Top and the 1935-built Crystal Palace as well as a 389-space car park.

The existing floorspace provides opportunities to further enhance the profile of the precinct and drive income growth through additional amusement and immersive experiences or F&amp;B initiatives.

This follows a recent major investment in redeveloping the park’s Big Top as a 3,000 sqm multi-purpose venue, catering to growing global demand for captivating and all-in experiences.”

Luna Park will continue to operate as normal during the sales process.

Expressions of Interest in the Luna Park leasehold close in late August.

John Hughes, CEO of Luna Park Sydney, said since opening in 1935, Luna Park has played an important role in Sydney’s social and cultural fabric

Sydney's landmark Luna Park listed for sale

Salter Brothers' latest development, <a href="/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a><a>&nbsp;Ivanhoe</a>, is set to bring a range of lifestyle amenities to the heritage-rich suburb of <a href="/developments/ivanhoe-vic-3079">Ivanhoe</a> in Melbourne.&nbsp;

Designed by architect <a href="/architects/john-demos-architects">John Demos</a> and interior designer <a href="/interior-designers/kathy-demos">Kathy Demos</a>, <a>Candela Ivanhoe</a> offers 62 smart and flexible apartments across six light-filled levels, designed to suit all purchasers whether they be downsizers, first home buyers, couples, or families.

[smartcode_project:default project_id=342 project_image_fid=206559]

Beyond the private living spaces, <a href="/developers/salter-brothers">Salter Brothers</a> has integrated several community-oriented and environmentally-friendly features.

Starting on the ground floor is Candela’s providore and in-house café, providing residents with convenient access to artisan food and barista-quality coffee.

[smartcode_project:default project_id=342 project_image_fid=169539]

The cafe doubles up as a wine bar to become a great meeting spot for anytime of the day.

Fitness enthusiasts can participate in exercise classes on the rooftop garden or simply lounge around with neighbours in the alfresco atrium.

[smartcode_project:default project_id=342 project_image_fid=169534]

Salter Brothers has also incorporated a range of initiatives to promote energy efficiency, harness renewable energy, and create a community that prioritises the environment.

The installation of double-glazed windows and a 25kW solar array on the rooftop has earned the development a remarkable 7-star NatHERS average energy rating, surpassing the 6-star energy rating average.

Rainwater tanks are also strategically placed to collect water for reuse in toilet flushing and irrigation.

This not only benefits the environment but also significantly reduces the Owner’s Corporation costs, making sustainable living accessible to all.

[smartcode_project:default project_id=342 project_image_fid=169551]

Candela Ivanhoe will be situated just a six-minute walk from Ivanhoe Station, in a prime location with a walk score of 90/100.

Residents will enjoy convenient in-building amenities and easy access to local amenities, including nearby parks, restaurants, and prestigious schools.

[smartcode_project_cta:default project_id=342]

The cafe doubles up as a wine bar to become a great meeting spot for anytime of the day.

Crossaints, coffee and chardonnay: The doorstep amenity at Candela Ivanhoe

There's not too much more opportunity to develop in Rainbow Bay.

The popular area in <a href="/developments/coolangatta-qld-4225">Coolangatta</a>, named after the beach facing the famous surf break, has gone through a transformation in the last few years, with low-rise, 1960s buildings making way for new luxury apartment projects by several notable developers.

But Newmil Developments, run by Chris Newman and Mark Milton, has carved out 546 sqm on Eden Avenue, one row back from the beach, where they're planning a luxury owner-occupier building.

They've had Stuart Osman Building Design put the plans together for <a href="/new-apartments/dayana-on-eden-coolangatta-41-eden-avenue-coolangatta-qld-4225">Dayana on Eden</a>, just eight full-floor apartments across a nine-level, code-assessable building.

The six three-bedroom apartments offer around 220 sqm of internal living space, while the sole two-bedroom unit, on the ground-level, has 140 sqm and sits next to the communal resident pool.

The penthouse sprawls across two levels and has four bedrooms and a private rooftop terrace with a swimming pool.

<img alt="Coolie" data-entity-type="file" data-entity-uuid="dca3c82d-8c58-4f1e-b313-f0a6a89c4cca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%203.03.16%E2%80%AFPM.png?VersionId=7GrCOnggwWX2.NP7mWQWQFsDeDzRZPEC" />

The Town Planning Report by HPC sugested the&nbsp;proposal delivers a high-quality residential development, that is responsive to its context and enhances the character of Rainbow Bay.

"The development optimises the site location in proximity to a range of community and social infrastructure and introduces a high-quality urban infill development which increases housing stock in the locality.

"The design compliments the subtropical, coastal nature of the area with design and serves to contribute to the built vernacular of the Coolangatta area."

<img alt="Coolangatta" data-entity-type="file" data-entity-uuid="fd75de69-03d5-4fcc-a413-4d72ca0a76a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%203.02.50%E2%80%AFPM.png?VersionId=vrarNbraHZCzgHTSAVUgdUP5DKM_6cH9" />

The building will place a two-level, three-unit brick walk up that had been in the same family since 1980 when it cost $125,000.

Eden Avenue is where Arium, the new development company of Sunland founders the Abedian's, is planning to turn the Greenmount Beach Hotel <a href="/news/qld/first-look-exclusive-abedian-family-completely-redesign-greenmount-beach-hotel-redevelopment-in-coolangatta">into a two-tower project designed by 111 Studio</a>.

Eden Ave is just one row back from Marine Parade, where architect turned developer Joe Adsett is creating&nbsp;<a href="/new-apartments/rockpool-rainbow-bay-154-156-marine-parade-coolangatta">Rockpool Rainbow Bay</a>.

Eden Avenue is where Arium, the new development company of Sunland founders the Abedian's, is planning to turn the Greenmount Beach Hotel into a two-tower project designed by 111 Studio

First look: New full-floor apartments pitched for Rainbow Bay

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

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

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

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

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

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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."

[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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