It's been four years since Abbotsford, in Melbourne's inner north-east, has seen a new apartment development launch.

That was Walmer on the Yarra by Salta, which is now fully complete and occupied.

There are two sides to <a href="/developments/abbotsford-vic-3067">Abbotsford</a> however. The Walmer is on the fringe, near Victoria Gardens and on the river. Abbotsford's newest project however is more of an inner-city project, bordering the cool and thriving suburbs of Fitzroy and Collingwood.

Soon to launch, New Johnston by&nbsp;<a href="/developers/dcf-property">DCF Property</a>, sits at 398 Johnston, near Victoria Park Station and Victoria Park. It will comprise 46 one, two, and three-bedroom apartments across nine levels, on top of ground-level retail spaces.

[smartcode_project:default project_id=110322 project_image_fid=259891]

Designed by MA+CO Architects, New Johnston's architecture took inspiration from Abbotsford's industrial heritage, incorporating concrete, red brickwork, and metal detailing reminiscent of the area's historic warehouses.&nbsp;

Strategic use of depth and shadow adds visual interest, while a north-facing stepped façade welcomes natural light and provides sweeping views of Victoria Park for residents.

[smartcode_project:default project_id=110322 project_image_fid=259890]

The 46 apartments will feature open floor plans, private balconies, and dual-aspect views, with interiors showcasing high-quality fixtures, warm natural timbers, concrete, and modern finishes.

At the heart of each apartment lies a kitchen boasting white terrazzo-style stone benchtops, engineered timber floorboards, and stone and mirror finishes, complete with premium Westinghouse appliances and innovative storage solutions.

[smartcode_project:default project_id=110322 project_image_fid=259897]

With a WalkScore of 90, New Johnston's location offers residents easy access to a range of amenities, including the Yarra River, Victoria Park, and prestigious schools.

Jellis Craig Projects Director Stephen Bowtell is marketing <a href="/new-apartments/new-johnston-abbotsford-400-johnston-street-abbotsford-vic-3067">New Johnston</a>.

[smartcode_project_cta:default project_id=110322]

The 46 apartments will feature open floor plans, private balconies, and dual-aspect views, with interiors showcasing high-quality fixtures, warm natural timbers, concrete, and modern finishes

Joel Robinson

Abbotsford set for injection of new apartments as New Johnston project revealed

Melbourne developer Ross Pelligra is set to take on one of his largest projects to date, lodging plans for a huge multi-stage precinct in Melbourne's growing Fishermans Bend precinct.

Having worked extensively with the Fishermans Bend Precinct and the City of Melbourne over the last 18 months, development manager&nbsp;<a href="/developers/citinova">Citinova</a> has proposed a four-tower development that will bring over 1000 apartments to the chronically undersupplied Melbourne market.

One of the towers will be dedicated build-to-sell, while there will be more build-to-sell apartments in tower two that will also home 200 hotel rooms and extensive amenity.

Tower three will be a commercial office tower, that may be suit a co-working provider, and tower four will be build-to-rent apartments. All the towers will be linked by a podium that will feature&nbsp;vibrant laneways with an arts and culture hub, retail tenancies and an urban grocer.

The five-stage project will also include an unencumbered 3,075 sqm public open space.

<img alt="Lorimer Citinova Fishermans Bend" data-entity-type="file" data-entity-uuid="7f5dd647-53cd-461e-955b-9ab18dbd1a31" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-29%20at%2012.41.19%20pm.png?VersionId=ctG7Mm7moC8foVvLzSQNgeOawY4vrpgM" />

The 1.77-hectare site at&nbsp;99-109 Lorimer Street, Australia's flagship Subaru dealership at the gateway to Fishermans Bend, was secured in 2021.

Since then the stakeholders have been in planning mode, commissioning&nbsp;Architectus to put the designs together for the towers which will be connected by a raised podium. The main residential tower will have 452 apartments and tower two, shared with the hotel, will have 244.

Citinova Director Nathan Minicozzi said since the proposal was submitted, they've received positive feedback from the council.

"There are considerably more stakeholders for precincts of this size and scale," Minicozzi says.

"You're not just going to council and submitting plans for a new development. Before you get to that stage you've spent 12 months working with the Fishermans Bend Taskforce, the DELWP, and the City of Melbourne Council, as well as their design team, to work out best practices and what will be the best project for the site."

<img alt="Citinova" data-entity-type="file" data-entity-uuid="ca6eea5b-4956-44a3-94d6-d6db1566c528" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-29%20at%2012.41.23%20pm.png?VersionId=LEepCS79t04UNE_9r1gg3u5gTOiiHorg" />

Minicozzi says there's a lot of front-end work with these types of developments, but that allows designs to evolve and consistent feedback to be given throughout the process.

"It's almost like a pre-lodgement meeting where you're squaring off any concerns before submission, which should translate into a better proposal, a higher quality project, and a speedier approval process."

Landscape architect Mala Studio has been part of the design, as have planning consultants Tract.

The development will connect to the Yarra River and expand on Melbourne’s “Green Spine” with landscaped pedestrian and cycling links, creating a new neighbourhood green hub for Lorimer Street.

<img alt="Citinova" data-entity-type="file" data-entity-uuid="710b8fb7-5b84-4361-91af-40bff32b97c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-29%20at%2012.41.14%20pm.png?VersionId=6_rrDddxKXFWCR6tQiWjSv4_I9JaDb0u" />

Architectus says the project has been designed as a "cohesive 'family' of towers."

"Each building will still have a unique identity and scale-shaped by its use and siting," they said.

"Materials and textures will take inspiration from the precinct’s industrial and maritime origins.

"Staggered and oriented toward the site’s southern boundary, the towers will integrate seamlessly with the evolving Fishermans Bend skyline while minimising overshadowing to adjacent green spaces."

Citinova Director Nathan Minicozzi said since the proposal was submitted, they've received positive feedback from the council

First look exclusive: Citinova plot multi-tower development in Fishermans Bend

Following the success of its most recent Collins Wharf apartment tower, Regatta, ASX-listed developer Lendlease has unveiled its next stage.

They're launching <a href="/new-apartments/ancora-at-collins-wharf-docklands-971-collins-street-docklands-vic-3008">Ancora at Collins Wharf</a>, at 971 Collins Street, Docklands, having sold over 80 per cent of <a href="/new-apartments/regatta-at-collins-wharf-docklands-951-collins-street-docklands">Regatta</a>.

Warren and Mahoney has been engaged again to design Ancora, a 28-level tower with 303&nbsp;residences that offer uninterrupted views of either Victoria Harbour towards the city or the Yarra River across to Port Phillip Bay.

[smartcode_project:default project_id=9779 project_image_fid=263996]

Prices will start from $660,000 for the 276 one, two and three-bedroom apartments that sit in the Waterfront Collection.

The Premier Collection comprises 27&nbsp;residences across a range of townhouses, penthouses, and larger-scale apartments that will soon become available.

Ancora residents will enjoy a hotel-style lobby with concierge service, a private dining room to entertain guests, and the lush, landscaped surrounds of two rooftop terraces located at level for and level 16 with panoramic views, plus a wintergarden.

[smartcode_project:default project_id=9779 project_image_fid=263997]

Ancora will also connect to the neighbouring Regatta via a podium that allows easy access for residents to a range of facilities that promote wellness including an indoor swimming pool, spa, sauna and steam room, gym and multipurpose rooms.

Designed as an all-electric building with electric vehicle infrastructure, the development will target 5 Star Green Star certification.

As part of the Collins Wharf precinct, Lendlease is delivering new public spaces. Ancora will be surrounded by over 5,000sqm of new parkland including a new green space being delivered in tandem with the residences. Designed by landscape architect Openwork and inspired by First Nations culture, it will feature Indigenous plants and include workout and fitness stations, covered seating areas, play zones, and open lawns.

[smartcode_project:default project_id=9779 project_image_fid=263995]

Residents will enjoy being only a short walk from Melbourne’s CBD and the close proximity to Melbourne city’s best hospitality, sports, arts and entertainment while having access to exceptional transport options at the doorstep.

Early works for Regatta are already underway, with construction of Ancora set to commence later this year and anticipated for completion in 2027.

Daniel Dugina, Executive Director of Development at Lendlease, said the release has been brought forward in response&nbsp;to the demand from buyers seeking a quality home within this desirable waterfront neighbourhood, on the edge of the CBD.

“Ancora at Collins Wharf is the next stage of our ongoing commitment to deliver more housing in prime locations in Melbourne, with the precinct stretching the city’s famed Collins Street further westwards to engage with the water, connecting its maritime past with the contemporary vibrancy of the city.”

[smartcode_project_cta:default project_id=9779]

Lendlease unveil latest Collins Wharf apartment tower, Ancora

First home buyers are back in the market across Sydney.

Having left in droves following the RBA's quickfire burst of interest rate hikes, first home buyers are starting to emerge in the off the plan apartment space.

Data from Apartments.com.au's data product MatterFact shows a 30 per cent spike in enquiry from first home buyers in the first three months of 2024 compared to the last three months of 2023.

Compared to 12 months ago, first home buyer enquiry is up 35%.

The spike in enquiry is part due to more confidence in the interest rate having more than likely reached its ceiling, and part due to an increase in stock levels in more affordable projects. It's now been three consecutive months where the RBA has kept interest rates on hold, and the expectation is, despite higher than expected inflation figures in Q1, that rates will start to come down a few times in 2025, if not earlier.

Data from the ABS suggests first home buyers are too. Nationally first home buyers rose by 4.3 per cent to 9,377 of new loans written after a 5.6 per cent fall in January. In New South Wales first home buyer activity rose 6.4 per cent, double the rate of Queensland. First home buyer loans rose just 1.3 per cent in Victoria.

Dave Milton, CBRE Managing Director of Residential Projects, says they've seen first home buyer numbers increase by 11 per cent in the first four months of 2024 compared to 2023.

[smartcode_project:default project_id=112233 project_image_fid=221620]

Milton says the majority of those first home buyers (56 per cent), are seeking two-bedroom apartments rather than one-bedrooms.

"First home buyers are arguably the savviest cohort in the market at the moment," Milton says.

"They're calculating how much they can spend and they're moving quickly before there are price increases, which are happening across the whole market. They don't want to wait and find their budget, which could have got them a two-bedroom apartment a few months ago, now only gets them a one-bed."

The value of off the plan apartments is too rising quickly.&nbsp;The average sale price for first home buyers across CBRE's projects has jumped over 10 per cent year on year, from $748,000 to $827,000.

Most first home buyers are couples who are buying the more expensive two-beds, CBRE's data shows, happier to pay more for what they want rather than drop their requirements to fall under the government's stamp duty benefits.

The biggest increase in first home buyer activity has been in the Hills District, in particular in Castle Hill's Showground Precinct where CBRE is selling Deicorp's Hills Showground Village and The Ashford.

[smartcode_project:default project_id=133881 project_image_fid=209805]

"First home buyers are recognising the lifestyle Castle Hill offers, with the important driver the new Sydney Metro which will open in mid-2024 and connect Castle Hill to Barangaroo in 33 minutes," Milton says.

Then there's the evolution of the northwest growth corridor as a whole. Castle Hill has seen significant investment over the last five years, while its location on the fringe of Chatswood adds further connectivity and&nbsp;another retail precinct.

"It's now a convenient choice for young first home buyers, with access to both the city and an increasing amount of local amenity," Milton says, adding that demand from first home buyers is only likely to increase over the course of 2024.

Dave Milton, CBRE Managing Director of Residential Projects, says they've seen first home buyer numbers increase by 11 per cent in the first four months of 2024 compared to 2023

First home buyer activity lifts across Sydney's off the plan apartment market as interest rates steady

Queensland developer Marquee Development Partners has launched its 11th apartment development on the Gold Coast, on a prized&nbsp;beachfront site at the booming southern end of the region.

<a href="/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Belle Palm Beach</a>, on the Gold Coast’s largest remaining absolute beachfront site and which was formerly owned by multiple world motorcycle champion Mick Doohan, will comprise 74 premium beachfront apartments over 14 levels that will take advantage of sweeping views from <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> to <a href="/developments/coolangatta-qld-4225">Coolangatta</a>.

The project on 3300 sqm with 40 metres of beach frontage, hass three, four and five-bedroom configurations on offer, with internal living spaces between 150 sqm and 680 sqm, catering for the owner-occupier.

[smartcode_project:default project_id=102340 project_image_fid=273591]

The scale of the site has allowed Marquee to infuse a collection of five double-storey beach homes into the La Belle <a href="/developments/palm-beach-qld-4221">Palm Beach</a> design, with beach homes offering up to a generous 388 sqm of living space.

Apartments will be surrounded by a beach oasis which will be accentuated by the size of the site and the boutique nature of the larger apartment designs. They are priced from $2.15m.

“Palm Beach has emerged as one of the Gold Coast’s most sought-after markets and La Belle is a world-class project that we have designed to meet sustained demand for premium residences on the southern Gold Coast,” Marquee Development Partners Director, Jacques Winterburn, said.

“We’re taking full advantage of this extremely rare site to create a residential masterpiece that not only meets the needs of discerning buyers, but also remains true to the spirit that sets the southern Gold Coast apart.

“La Belle Palm Beach stands as Marquee's crowning achievement, marking our 11th venture on the Gold Coast.

"With seven successful projects already completed and three more sold out and underway, we’re excited to be presenting another development that we know will resonate with owner-occupiers, as well as people seeking a holiday home”.

[smartcode_project:default project_id=102340 project_image_fid=273595]

The Palm Beach development comes on the heels of a sellout of the company’s latest Gold Coast project, the $126 million Monterey Kirra Beach, which is earmarked for one of the last remaining beachfront sites at Kirra. Apartments at Monterey sold for an average of $5.79 million each during the last three months of sales.

Marquee has already fielded inquiries from local downsizers and interstate buyers for La Belle Palm Beach.

Marquee Development Partners Sales Manager, Azura Griffen, said many inquiries have come from several buyers who have purchased in their earlier projects.

“We are seeing demand for our products holding up extremely well, especially for beachfront apartments where we know there is an acute shortage of supply." Griffen said.

[smartcode_project:default project_id=102340 project_image_fid=273598]

Designed by award-winning Cottee Parker Architects and detailed by BDA Architecture, La Belle&nbsp;is set to offer a diverse range of amenities including a heated outdoor pool and spa, multiple teppanyaki dining bars and entertaining areas, and a resident’s lounge with a billiard room, bar and a large screen TV, designed for entertaining and hosting gatherings.

La Belle Palm Beach will also feature a wellness centre with a state-of-the-art gymnasium, yoga and Pilates movement room, Nordic and Infrared saunas, indoor hydrotherapy hot pool and two cold plunge immersion baths.

A hotel style lobby with arrival lounge comes with private offices, meeting work-from-home needs.

[smartcode_project:default project_id=102340 project_image_fid=273597]

La Belle Palm Beach is located at 332 The Esplanade in the highly coveted North Palm Beach area.

“La Belle Palm Beach presents a unique opportunity where residents can seamlessly step straight onto the sand without navigating through roads or pedestrian pathways,” Griffen added.

“Situated next to a thriving small community surf lifesaving club and cafe, it provides the rare privilege of enjoying a year-round patrolled beach right at your doorstep and a sensational spot to catch up with friends for a café latte.”

Marquee is anticipating a start to construction for La Belle Palm Beach in July 2024.

[smartcode_project_cta:default project_id=102340]

Marquee is anticipating a start to construction for La Belle Palm Beach in July 2024

Marquee launch La Belle Palm Beach apartments

Billbergia has topped out Peake Tower, part of the second stage of its $2.5 billion Rhodes Central masterplan.

The 48-level Peake Tower is the tallest building in <a href="/new-apartments/rhodes-nsw-2138">Rhodes</a>, one of five in <a href="/new-apartments/rhodes-central-oasis-39-marquet-street-rhodes">Rhodes Central</a> that will deliver 3,500 new homes to Sydney's critically undersupplied housing market.

Stage two comprises a combined total of 674 apartments across two high-rise buildings, Peake Tower and Oasis. It will also see the delivery of $70 million in new community infrastructure - including a 9,100 sqm multipurpose community recreation and childcare centre - built in the precinct’s three-level podium through a planning agreement with City of Canada Bay.&nbsp;

&nbsp;

[smartcode_project:default project_id=112691 project_image_fid=196872]

“We are delighted to have reached this exciting milestone on Peake Tower, a critical step towards the completion of this new waterfront precinct at Rhodes," Rick Graf, <a href="/developers/billbergia">Billbergia</a> Development Director, said

"Our vision of creating a highly-connected new community is fast becoming a reality,” said Rick Graf, Development Director at Billbergia."

Located at 34 Walker Street, Peake Tower and Oasis were designed by high-profile architects <a href="/architects/sjb-architects">SJB</a>.&nbsp;

Rhodes Central’s Stage One comprises a total of 568 apartments across two buildings of 25 and 39 storeys. The towers sit above the award-winning, 13,000 sqm Rhodes Central super neighbourhood shopping centre, delivered by Billbergia in 2021.&nbsp;&nbsp;

A significant employment generator, some 10,000 direct and indirect jobs have been created to date by the construction of Rhodes Central, with at least a further 450 permanent jobs within the completed precinct.&nbsp;

Progressive completion of Peake Tower is due in Q3 2024.&nbsp;&nbsp;

[smartcode_project_cta:default project_id=112691]

Billbergia top out Rhodes tallest tower as Rhodes Central approaches completion

When it comes to apartment investing, there are two key criteria to look at; the vacancy rate trends and current rate in the area, and the price per square metre.

Local developer Robert Laybutt was well aware of what's important to investors and went against the grain on the island of producing apartments that were solely for the downsizer. What he's produced lends itself perfectly to the investor or first home buyer market.

The result is <a href="/new-townhouses/andiamo-apartments-hope-island-38-42-broadwater-avenue-hope-island">Andiamo Apartments</a>, the most affordable apartment development Hope Island has seen in years.

[smartcode_project:default project_id=139743 project_image_fid=270230]

The first metric is the vacancy rate. There are just over a dozen rental properties currently available on <a href="/developments/hope-island-qld-4212">Hope Island</a>, 90 per cent of which have three bedrooms.

"The rental market in areas such as Hope Island and its surrounds have experienced some of the most significant price hikes in the country," Bernice Cooper, of Mercer &amp; Cooper said.

Locals buyers agency firm By The Coast Property says that with constrained supply and continued demand from interstate and overseas migration, strong demand for apartments and increased construction costs, property prices and weekly rents on the Gold Coast will continue to rise through 2024.&nbsp;

They believe that weekly rents will continue to rise in 2024 fuelled by migration and a continued shift into more affordable apartments from free-standing houses offering property investors the opportunity for increased yields, particularly if interest rates fall later in the year.

[smartcode_project:default project_id=139743 project_image_fid=262913]

The other key element investors look at when purchasing is the price per square metre.

The Light Rail Spine experienced the most uptick in new apartment prices in 2020, rising by 9.5 per cent to an indicative value of $11,500 per sqm. It ranged from $8,800 sqm to $14,3000.

Andiamo's starting price per sqm of $7,500 isn't even close to the range.

[smartcode_project:default project_id=139743 project_image_fid=270210]

The two-bedroom apartments at Andiamo begin at $630,000, which is luring first home buyers given the Gold Coast median unit price according to property data analytics firm CoreLogic is $721,000.

The majority of apartments left fall under the $750,000 First Home Owner Grant cap, so first home buyers at Andiamo don't have to pay a penny on stamp duty.

Both first home buyers and investors have also been drawn to the low body corp, just $70 a week. That's despite amenity in the form of a reosrt-style swimming pool, barbecue area, multi-purpose room and access to lifts.

[smartcode_project:default project_id=139743 project_image_fid=262912]

Located on Broadwater Avenue, Andiamo comprises 76 apartments designed by&nbsp;<a href="/architects/david-gallez-architect">David Gallez Architect</a>.

Investors know the location is an important factor in securing a tenant. Andiamo is ideally located just 100 metres from&nbsp;Broadwater Plaza where there's a Godfather Pizza and a handful of retailers within. Just a few hundred metres the other way is the more abundant Hope Island Marketplace, the shopping hub of the whole of Hope Island.

Hope Island is also home to some of South East Queensland's best golf courses, 16 in total across Hope Island and the nearby Sanctuary Cove.

Andiamo Apartments is currently under construction by SEQ builder <a href="/builders/bryant-building-contractors">Bryant Construction</a> and is expected to be completed in early 2025.

[smartcode_project_cta:default project_id=139743]

Why every apartment investor metric stacks up at Andiamo Hope Island

Diversified investment group and property developer Salter Brothers is set for its first development play in the Queensland capital.

While they own and operate a handful of retreats across the Gold Coast and outer Brisbane through their Spicers Retreats brand which they acquired in late 2022, their new project, exclusively revealed by Apartments.com.au, is their first within the City of Brisbane.

Salter Brothers, who is based in Melbourne but has several hotels and commercial assets nationally, is seeking to demolish the Mercure Brisbane Garden City Hotel in Upper Mount Gravatt and develop a new 17-level apartment building at 18 Macgregor Street, Upper Mount Gravatt.

They've had Bates Smart, who has worked more in Sydney and Melbourne since it was founded in the mid-1850s, create the plans for the mixed-use building that will have 101 apartments above a four-level podium. That will home a 90-space childcare centre and parking for 107 cars.

<img alt="salter Mt Gravatt" data-entity-type="file" data-entity-uuid="c4dec6fa-570c-4013-839c-62b39b4f9104" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-23%20at%201.25.21%20pm.png?VersionId=7_hXoO1RkzCAYSX0V_05iv_vT4kAgzO5" />

The residential apartments will start from level six and run through to level 17. The apartments are expressed as "gently undulating petals," Bates Smart wrote in their submission to the Brisbane City Council.

"The tower form and floorplate have been inspired by the native indigenous Tea Tree Flower and Wallum Banksia, two species of flora endemic to the region. This resulted in each apartment being expressed as an individual 'petal' with a curved edge, spatially and visually separated from the apartment adjacent."

There will be eight apartments per floor, six two-beds and two three-bedders. Living rooms and balconies are oriented to achieve maximum amenity through view outlook and solar access.

<img alt="Salter" data-entity-type="file" data-entity-uuid="eb15e66d-6ece-43de-b33b-7d832cc94911" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-23%20at%201.32.50%20pm.png?VersionId=Pyl1YkGAsejRI6Q3jL5b6hz5Nuy6t.a5" />

A rooftop communal terrace will span the entirety of level 18. It's been conceived as an extension of the nearby Toohey Forest Park which is known for its ecological significance and native flora and fauna. The rooftop will have&nbsp; a pool, mineral spa, and a landscaped seating area oriented to the north where they enjoy primary view outlook towards Mount Gravatt.

A resident gym and separate amenity room are located east and west of the core, while to the south there will be a landscaped barbecue area.

<img alt="Upper Grav" data-entity-type="file" data-entity-uuid="098f0bfc-085f-4f7f-83d6-da8e00d8cb32" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-23%20at%201.32.55%20pm.png?VersionId=RI9wF8PPHdGo8JbBQQH8ADFNpRbpwNqc" />

Bates Smart said&nbsp;Mount Gravatt was known by the local Turrbal and Jagera Peoples as 'kaggur-madul', meaning the 'Place of the Echidna', or 'Where Echidnas Rest'.

They said they when they designed the external shading system, they took inspiration from the delicate fine grain repetition of echidna spikes and their use in traditional indigenous jewellery making, where the quills were dried, treated with emu oil, and then assembled into beautiful strings of necklaces which express a strong linear repetition that enhances the legibility of curved surfaces they adorn.

The 5,356 sqm site is ideally located a five-minute walk from Garden City Westfield, one of Brisbane's largest shopping centres.

&nbsp;

Down in its native Melbourne, Salter is currently developing <a href="/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela Ivanhoe</a>, 62 one, two three and four-bedroom apartments in Melbourne's north east.

The 5,356 sqm site is ideally located a five-minute walk from Garden City Westfield in Upper Mount Gravatt, one of Brisbane's largest shopping centres.

First look exclusive: Salter Brothers plot new Brisbane apartments

Pipis Bilinga is the newest beachfront apartment development on Bilinga's dress circle Golden Four Drive, in the sought-after pocket at the southern end of the Gold Coast.

It's the second <a href="/new-apartments/gold-coast-qld">Gold Coast</a>&nbsp;development by Brent Thompson's Siera Group, which is also developing Tapestry on Chevron Island.

<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a>&nbsp;will comprise 17 half-floor, three-bedroom beachfront apartments and two two-level penthouses with four bedrooms which are yet to be released to the market.

[smartcode_project:default project_id=138311 project_image_fid=264310]

Since Pipis launched in October, it’s been popular with interstate buyers, particularly those from New South Wales looking for a slice of the Gold Coast beachfront.

Data from Apartments.com.au's new data product MatterFact shows that around a third of the enquiry for Pipis month on month since launch has come from New South Wales and Victoria.

New South Wales accounts for the majority of interstate interest, at around a quarter of total enquiries. Queensland buyers have represented over half of the enquiries.&nbsp;

During the autumn and winter months, MatterFact data from last year shows enquiry from New South Wales overtook that in Queensland in Bilinga, a suburb that is often overlooked for Coolangatta to the immediate south and Palm Beach to the north.&nbsp;

But Thompson says Bilinga is benefitting from everything that's happening in both Palm Beach and the Coolangatta/ Kirra area, all while maintaining its own laid-back, Gold Coast beach lifestyle.

"Despite being just a few kilometres down the coast, <a href="/developments/bilinga-qld-4225">Bilinga</a> is so different to Coolangatta, and that's what people love about the area," Thompson says.

"Future residents at Pipis will have direct access to one of the quietest stretches of sand in the southern Gold Coast, while they will be just minutes from the new Kirra retail and hotel precinct. They can decide what type of day they want, quiet and relaxed, or active and social. Bilinga offers the best of both worlds."

There's also the added bonus of the extension of the light rail which will run down Coolangatta Road, adjacent to Golden Four Drive.

That will drastically enhance the liveability of residents at Pipis. The new light rail will run up to Surfers in the north, through Palm Beach, Burleigh Heads, Mermaid Beach and Broadbeach, while also connecting to Coolangatta, ending its journey on Musgrave Street.

The new light rail stop will be just 300 metres away from Pipis at Boyd Street.

[smartcode_project:default project_id=138311 project_image_fid=264300]

Designed by <a href="/architects/ellivo-architects">Ellivo Architecture</a>, Pipis 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.

The feedback from the Urban Community suggests the best thing about the project&nbsp;is the quality of finishes, with both the project team experience and location being the second best features of Pipis.

Each apartment will be finished and furnished with high-quality materials, including Natural Italian stone as countertops, European oak timber as flooring, New Zealand wool carpet, and European SMEG appliances.

[smartcode_project:default project_id=138311 project_image_fid=264304]

Residents at Pipis will also have access to a host of private ground-floor amenities with a 15 metres heated lap pool and sun lounge deck area, a fully equipped gymnasium with rowing, biking and reformer Pilates and an outdoor rain head shower and a dog wash.

SIERA’s approach has never been about the bells and whistles, it has always been about well-designed projects, project location and understanding the desired lifestyle requirements of its future residents.&nbsp;

"The design intent met the needs of our future occupants.Thompson says.

"We wanted to understand who those occupants were likely to be and what was going to be important to them and you'll see that that really translates to the team that we've chosen to work with as well for the project being Ellivo."

[smartcode_project:default project_id=138311 project_image_fid=264308]

Thompson says Bilinga has everything on its doorstep, but is partially removed from the action which caters to the quieter lifestyle.

"Being able to have access to all of that amenity on your doorstep while still being set back away from it so you're not right in the middle of all of the hustle and bustle but you can enter and leave when it suits."

Construction commenced on Pipis in November, with <a href="/builders/lps-group">LPS Group</a> already making strides with significant progress. In February, LPS Group completed the basement 2 raft slab, which serves as the structural foundation for the entire project.

&nbsp;

<img alt="Pipis" data-entity-type="file" data-entity-uuid="c47d1ba9-b868-493e-a542-a72d6eca30ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-24%20at%2010.55.54%20am.png?VersionId=C47jlO2HkWb5FqvMdKegiZrkhJh3ywhO" />

The completed raft slab also accommodates the crane base, providing structural support for the assembly of the SIERA tower crane.&nbsp;Energex civil works to the Golden Four Drive verge were finalised in February, preparing for the permanent undergrounding of power lines.

Pipis is slated for completion in Q1 of 2025.

[smartcode_project_cta:default project_id=138311]

Why Pipis in Bilinga is seeing strong interstate demand

Contreras Earl Architecture is continuing to bring its architectural smarts to Brisbane on behalf of developer Vista Projects.

Having submitted <a href="/news/qld/first-look-architectural-apartments-set-for-st-lucia">plans for Vista in St Lucia late last year</a> for five striking apartments, the Gold Coast-based architecture firm has put together a design for their next project in the neighbouring <a href="/new-apartments/taringa-qld-4068">Taringa</a>.

The project, dubbed La Flor at&nbsp;128-130 Swann Road, will replace two single-level houses on 1,042 sqm.

<img alt="Contreras" data-entity-type="file" data-entity-uuid="fe2988ac-1388-45b3-8450-35e4bdbb7bfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-22%20at%208.32.03%20pm.png?VersionId=HeeqUErVssguFX_j7YbQb3AwAQUvGMVZ" />

"The elevated site presents an opportunity to create a building of significance on a street of iconic character in the established inner-west suburb, a leafy locality with panoramic views towards the city," the Architecture Statement submitted to the Brisbane City Council by <a href="/architects/contreras-earl-architecture">Contreras Earl Architecture</a> noted.

La Flor draws inspiration from nature, with its design metaphorically likened to the unfolding petals of a flower and translates into an architectural interplay between openness and enclosure.&nbsp;

The material palette, including coloured concrete, translucent glass, stone, and aluminium, further reinforces the concept of the building's petal form.

<img alt="New Taringa project, La Flor - Concept" data-entity-type="file" data-entity-uuid="1179c3af-b902-4572-9a43-f717ab792b27" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/New%20Taringa%20project%2C%20La%20Flor%20Concept.png?VersionId=XDNrxF0M_IRmHCkZqdyU4bCB6D3FOJzs" />

"Creating a space of sanctuary in the suburban setting “La Flor” emanates sculptural presence, while also providing spaces of privacy and shadowy refuge from nature’s elements as well as from the street.

"This interplay of openness and enclosure amplifies the buildings’ honest character and feel creating a harmonious addition to the streetscape of Swann Road."

The six-level building will have eight three-bedroom apartments and a four-bedroom penthouse with its own private rooftop. The rest of the rooftop is reserved for resident amenity, comprising a resort-style pool, a sauna, extensive seating, barbecue spaces and sun lounges.

The design also takes the&nbsp;opportunity to use the undercroft area below the building with a unique wellness zone nestled amongst the gentle slope that includes an outdoor gym, outdoor yoga and entertainment areas distributed across different terraces immersed by lush landscape and vegetation.

<img alt="Contreras" data-entity-type="file" data-entity-uuid="a453b2f1-b1a4-48ef-b519-c2d3aecdfa0e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-22%20at%208.32.15%20pm.png?VersionId=axXVW32r_DyNT1ZFLyGBSZCj1l6xzUZj" />

The architecture also incorporates cascading vegetation that complements the building's organic lines, strategically placed to enhance privacy internally and externally while fostering a stronger connection with the surrounding vegetation.

Contreras Earl has a long history on the Gold Coast. Led by Rafael&nbsp;Contreras and Monica Earl, the company has designed several buildings by Sunland including the luxury 272 Hedges Avenue in Mermaid Beach and 180 Marine Parade in Labrador.

First look: Contreras Earl pen new Taringa apartment project, La Flor

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

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

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

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

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

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

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

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

Sherpa sells out Flourish Oasis in booming Palm Beach

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

Joel Robinson

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