Harry Seidler's McMahons Point apartment development, Blues Point Tower, is one of the revered architects' most iconic projects.&nbsp;

It's in one of the best spots in the harbourside suburb, just off Blues Point Reserve on Blues Point Road.&nbsp;

They've got the advantage of extensive Harbour views, and residents have convenient access to the city via the McMahons Point ferry. But the tower also stands as a sign of the times in McMahons Point. Most of the apartment developments are decades old.&nbsp;It's been years since a new apartment project was developed.

Cue a new boutique project on a near 1,000 sqm site at 1 Warung Street, under 200 metres from Seidler's landmark.

Vince Squillace's&nbsp;Squillace Architects has put the plans together for seven owner-occupier apartments for a company tied to developer Theo Paradisis from Highbury Group.

<img alt="McMahons" data-entity-type="file" data-entity-uuid="81b631bf-fd88-4c39-9e38-9954603cd967" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-19%20at%203.07.55%20pm.png?VersionId=blVzhQ6BvkzWLL.sWxp.XSc2OSVCac3t" />The proposed building at 1 Warung Street, McMahons Point

Squillace's Design Report said given the given the locality and context of the site, the unit mix, of six three-bedroom apartments and a four-bedroom penthouse, is appropriate for the local market. One and two-bedroom units are less appropriate for the site, they said.

"The proposed seven units responds to the planning controls imposed on the site, appropriately considers the local market demands and reduces what was previously an overdeveloped site which provided a higher number of units but poor amenity and an inferior product."

The current 1960s building homes 12 units, and there had been approval previously for a nine-unit development on the site.

<img alt="Squillace" data-entity-type="file" data-entity-uuid="9f4ef4a8-1561-4096-9f93-38e67ffc5b21" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-19%20at%203.08.13%20pm.png?VersionId=ZhRk2Ay5PpCdWi8erqaQTCtKX5aKIYTh" />The current building at 1 Warung Street, McMahons Point

Squillace said given the&nbsp;existing building is a 1960's residential flat building, it has been identified as an uncharacteristic item within the McMahons Point South Heritage Conservation Area, which is primarily a&nbsp;mix of Victorian and Federation 1920’s and 1930’s housing mixed with some Interwar residential flat buildings.

They said the aim is to "create a high-quality contemporary apartment building that makes a positive contribution to this unique and world-class harbour foreshore site whilst maximising views, sunlight, the natural beauty of this environment and enhancing the lives of its occupants."

Joel Robinson

First look exclusive: McMahons Point to get rare new apartment development

Luxury apartment developments on the Palm Beach beachfront are continuing to stack up.

The latest play is by Sydney-based developer Chanine Developments, who secured a large site across 1407 Gold Coast Highway and 402-404 The Esplanade through site amalgamation specialists GV Property Group.

Chanine, led by Marwan Chanine, has now lodged plans for a boutique eight-level building with 15 half-floor apartments and a massive five-bedroom penthouse.

Chanine said the vision&nbsp;is to bring the opulence of the Eastern Suburbs to Palm Beach, in both finishes and aesthetics."

"The team are consistently looking across the entire eastern seaboard, and we've always loved Queensland," Chanine said of their first project outside of New South Wales.

"We're not building anymore coastline, so there's always value on the water."

<img alt="Channine" data-entity-type="file" data-entity-uuid="c75fd86b-ddce-448b-8e35-895604ab97b7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-22%20at%204.39.02%20pm.png?VersionId=zdlWU4_X0xdrUxJ9fLIk_a7mV9mQIwvi" />

Chanine had been working on securing the site for over a year. They're building the apartments on the 824 sqm The Esplanade site which has a 20 metre frontage. They will landbank the site fronting the Gold Coast Highway if a future development opportunity arises.

There will be 16 apartments in the building which has been designed by CDArchitects. The 15 three-bedroom apartments will sit beneath a massive 354 sqm, five-bedroom penthouse with its own&nbsp;rooftop pool, barbecue kitchen and alfresco space.

CDArchitects said the&nbsp;architectural concept draws inspiration from the dynamic interplay of shifting sands and ocean waves.

"Emulating the sinuous movements found in nature, the design manifests in a curvilinear facade that echoes the undulating contours of both sand dunes and waves."

They said the&nbsp;apartments themselves offer a superior level of luxury, boasting spacious interiors and uninterrupted sightlines to the beach and coastline.

"Far from imitating past architectural feats, the proposed building aspires to establish itself as an iconic landmark along the coastline, setting a new standard for design innovation and coastal living."

<img alt="GV Palm Beach" data-entity-type="file" data-entity-uuid="b47dd4ce-9fc6-4128-986d-110db066a258" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-22%20at%204.38.57%20pm.png?VersionId=y4ALTq055_MU5Wgcg6pnUfQ6iLLkhQvj" />

There will be two basement levels with&nbsp;55 parking spaces and 18 bicycle spaces, as well as resident amenity on the ground floor in the form of a pool and spa.

GV Property Group's Luke Reaby&nbsp;says they're seeing an influx of developers coming back into the market following a slight lull in the market in 2023.

"Stock has dried up and record revenues are being achieved every week in the off the plan market," Reaby says, adding that the record revenue have assisted in beachside projects becoming more viable."

As for Palm Beach, where GV has sold seven sites in the last 18 months and their 17th in Palm Beach, Reaby says it's arguably one of the most demanded suburbs on the coast.

"Plenty of new development has and will continue to occur in and around Palm Beach which will result in a really vibrant neighbourhood."

<img alt="GV Palm Beach" data-entity-type="file" data-entity-uuid="db5f00df-3b86-4555-8ead-1eab0fab94a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-22%20at%208.56.35%20am.png?VersionId=.OFRvI4eADMux8KKING7Fc8SRxWkd.1M" />

Chanine has around $1 billion worth of development in the pipeline across New South Wales and now Queensland.

Their main focus in Sydney is a 4,595 sqm site they have in Bellevue Hill where, subject to council approval, they'll be launching 36 three and four-bedroom apartments later this year.

The apartments will be spread across a trio of buildings at 186-192 Old South Head Road, on the corner of Banksia Road near where Bellevue Hill meets Bondi Beach.

Sydney developer eyes Palm Beach luxury apartments

Veteran Gold Coast developer Morris Property Group welcomed buyers to their Burleigh Heads apartment development, Sandbar, late last year.

The timing of the completion, as well as a clever design of the floorplans toward the top of the tower, hit an undersupplied section of the market, in an area that has been one of the most popular Gold Coast suburbs in the last five years or so.

While <a href="/new-apartments/burleigh-heads-qld-4220">Burleigh</a> has been a hive of activity, particularly since the onset of COVID-19 in early 2020, the majority of the apartment developments are beachfront, whole floor, and can start anywhere around the $5 million mark.

Those that do have slightly more affordable stock are either all sold out, or not under construction, so they're still at least three years away from being realised.

<a href="/developers/morris-property-group">Morris Property Group</a> launched <a href="/buildings/sandbar-burleigh-heads-1969-1971-gold-coast-highway-burleigh-heads">Sandbar</a> in 2018, and its late 2023 completion has given them a competitive advantage of having the largest, and newest, three-bedroom apartments in Burleigh Heads.

[smartcode_project:default project_id=7013 project_image_fid=86642]

The apartments total nearly 190 sqm, with around 155 sqm of internal living space and a further 30 sqm of balcony space.

Morris Property Group designed the building in a way that the three-bed apartments fully maximise the coastal views, both north and south.

Morris Property Group Sales Director Travis Welsh says capturing significant view lines north and south is something a lot of other buildings can't offer.

"While prices always go higher on the beachfront, they don't offer the panoramic north-south views that we can," Welsh says.

"Because they're smaller buildings and half or full-floor apartments, the floorplan tends to prioritise the living, kitchen and dining rooms toward the front of the apartment facing the beach, keeping the bedrooms at the back. Every bedroom in our three-bedroom collection has significant ocean views, not just glimpses."

The three-bedroom apartments were designed to wrap around the front of the building, giving them extensive views and allow the maximum amount of natural light.

The three-bedroom apartments start from level 14, so they soar above any established buildings as well as any other developments that are currently in with the council.

<img alt="Sandbar" data-entity-type="file" data-entity-uuid="4940406f-c3e8-4dbb-9edc-9119070f53ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-12%20at%202.19.42%20pm.png?VersionId=gOF_kNhe6z1Yef7K49PsnsYGVSGp3Q_Y" />

Welsh says the large apartments typically suit a more mature demographic given their price point. He adds however they're still incredibly undervalued in a Burleigh market which has seen exponential growth in recent years.

"We've found that Sydneysiders in particular are still seeing a lot of value in the three-bedroom apartments," Welsh says.

"They're comparing Burleigh Heads to Bondi Beach, in terms of lifestyle and the lack of supply of new apartments, however, prices in Bondi can be double what we've got on offer for something much smaller."

[smartcode_project:default project_id=7013 project_image_fid=269973]

Welsh has fielded interest from several interstate buyers who have a view of three different uses for the apartment; a high-yielding holiday let, a holiday home for themselves, and a future retirement pad.

"Morris Property Group manages the whole building, so there's a level of ease when it comes to holiday letting that you don't get at other apartment developments," Welsh adds.

Residents at Sandbar have access to a suite of building amenities. The recreation deck features a swimming pool, fully-equipped gym, yoga deck, residents lounge, and a covered barbecue area.

The remaining three-bedroom apartments at Sandbar start from $3,449,900

[smartcode_project_cta:default project_id=7013]

Morris Property Group Sales Director Travis Welsh says capturing significant view lines north and south is something a lot of other buildings can't offer

Morris Property Group offer Burleigh Heads' biggest apartments at Sandbar Burleigh

Renowned Sunshine Coast developer Cube Developments is down to its last remaining penthouse at its under-construction Bokarina Beach apartment development, Oasis.

The two-level penthouse, priced at $5.6 million, spans 242 sqm internally and more than doubles in size given the generous amount of terracing and a private rooftop which takes the total space to well over 500 sqm.

<img alt="Oasis" data-entity-type="file" data-entity-uuid="174c9ada-40a7-4521-947d-1fe02aa7fe50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-15%20at%203.13.22%20pm.png?VersionId=N3fPGSoM8PlqqQgAQ8DHy2YH_Z6G5FPw" />

Local Queensland architect Cameron Sheedy, responsible for the design of Oasis, emphasised the importance of prioritising airflow and natural light, creating what he described as "an extremely superior product" in the market.&nbsp;

The penthouse features soaring double-storey glass windows that provide expansive ocean and hinterland views.

<img alt="Oasis" data-entity-type="file" data-entity-uuid="061c14ec-b46f-4882-a5be-3138b800164a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-15%20at%203.13.35%20pm.png?VersionId=nxjNi1i8.4DDKZnyeL5Np.xtvhgMtezy" />The view from the penthouse. Image supplied

Cube Developments' interior designer Sarah Busch spoke of the subtle yet elegant design choices within the penthouse, featuring soft and neutral tones that complement the expansive views.

The penthouse extends onto a private landscaped rooftop terrace complete with a pool, custom joinery with BBQ, kitchen garden and zoned entertainment seating spaces. 
 
The penthouse includes a large glass surround fireplace, with meticulously considered joinery designed to appear closer to an art piece addition. The kitchen features an integrated fridge, Smeg appliances, and a full suite of laundry appliances tucked away in a dedicated laundry space.

An elevated and private home office ensures future residents will be able to work from home with ease.

Buyers of the penthouse also have the option to add a window covering package, adding to the convenience and comfort of their new home.

Penthouse buyers will also benefit from Oasis’ boutique amenities, including open-air dining with pizza oven, gym, swimming pool, and an outdoor beach shower set among the secure and lush garden compound.&nbsp;Beyond this, the site boasts maximised access to almost 180-degree ocean views stretching north from Point Cartwright down to the Caloundra Headland.&nbsp;

Upon completion, Oasis will be home to 56 luxury apartments located on one of the last remaining beachfront blocks on&nbsp;<a href="/developments/bokarina-qld-4575">Bokarina</a> Beach.

<img alt="Oasis" data-entity-type="file" data-entity-uuid="545d5d82-6330-421d-a3a5-d62e7c20b7b7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-15%20at%203.13.41%20pm.png?VersionId=m9Rolt7k0I2SQs1001bpGPiPkPESRxI_" />

At the time of the purchase of the Kombi Street site, Cube Director Scott Juniper said the 3,215 sqm block, located between Caloundra and Mooloolaba and adjacent to <a href="/buildings/the-terraces-at-bokarina-beach-corner-lake-kawana-boulevard-birtinya-boulevard-birtinya">Bokarina Beach</a>, was earmarked for a six-level apartment building of up to 75 apartments.

But Juniper wanted to go the other way, planning something more boutique which would offer a point of difference to the other developments in the masterplan.

“Four of the six sites nearby are under construction and are quite large scale, large built form projects, some with over 100 units,” Juniper said, adding that those developments will have ground floor activation.

“We’re looking to go boutique, with larger format units, and really build to the strength of what Bokarina Beach has become,” Juniper said.

The other five two-level penthouses have been snapped up, with buyers ranging from locals to those from Brisbane, Sydney and even Singapore.

Oasis is over 90 per cent sold and is expected to complete in late 2024.

[smartcode_project_cta:default project_id=109813]

Oasis is over 90 per cent sold and is expected to complete in late 2024

Cube release final penthouse at Bokarina Beach development Oasis

It can be a long and arduous journey for developers after they submit a development application to local councils.

They each have different criteria and move at different speeds.

Sometimes however, they can all come at once. That's certainly been the case for Tim Campbell and Stuart Kacir's Carpe Group, which has had two developments approved in the last few weeks.

Carpe, who develop for downsizers right across Melbourne, has secured approval for two projects in the Bayside suburbs of Hampton and Sandringham, and hope to secure one in Kew where they're currently developing The Walton.

Read more:&nbsp;<a href="/news/vic/how-a-property-market-shift-triggered-the-founding-of-carpe-group">How a property market shift triggered the founding of Carpe Group</a>

In Sandringham, Carpe secured eight townhouses across two blocks which will make way for <a href="/new-apartments/the-coterie-sandringham-49-51-abbott-street-sandringham">The Coterie</a>, a Warren &amp; Mahoney-designed building of 25 apartments.

They will be a mix of 11 generously sized two-beds, starting from 100 sqm, and 14 three-bed apartments which get as large as 190 sqm internally. The penthouses will have large rooftop terraces with the option to add a spa. Every apartment will have interiors by Lisa Buxton.

The project sits in a cracking spot at <a href="/new-apartments/the-coterie-sandringham-49-51-abbott-street-sandringham">49-51 Abbott Street</a>, toward the western end of the street near Sandringham Station, the surrounding retail amenity, and Sandringham Beach.

Carpe's other Bayside project, in <a href="/developments/hampton-vic-3188">Hampton</a>, is another that's all about the location. Strategically located one street back from the vibrant Hampton Street with all the retail, hospitality and Hampton Station. Carpe will launch 18 apartments at 8-10 Ocean Street, designed by Martin Friedrich Architects who will also handlethe interiors.

That building, with five two-beds from 113 sqm and 13 three-bed apartments, will replace an old house, which has already been demolished, and two side by side townhouses.&nbsp;

<img alt="Ocean St Hampton" data-entity-type="file" data-entity-uuid="9be1bf2c-4f76-4a2a-80cc-6bf02ded2a62" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-22%20at%2010.11.41%20am.png?VersionId=wXcGDGCRWGYTHt.yw.ipeOQxrjrN2t12" />The Ocean St development. Image supplied

Carpe will be developing Ocean Street alongside joint venture partner Icon Kajima. They're forecasting a spring launch after they complete their display suite on Hampton Street.

Carpe is hoping to get another project to get approved in Kew, where they're approaching completion on the nearly sold-out The Walton. They've grabbed a 3,709 sqm site at 85 Studley Park Road, near Studley Park, where they're planning 31 apartments.&nbsp;

[smartcode_project:default project_id=149271]

Campbell says that while it takes more time than ever to put together a good site in a good location, it's always time well spent.&nbsp;

"Both the Bayside projects are a short walk to train stations, without being right on top of them, and with the train stations come the activity centres of the suburbs. All the shopping needs are within a walk, and with Bayside, you've also got the beach and park reserves."

Campbell says Kew presents a different opportunity compared to the Bayside.

Stuart Kacir says you can't have all of the above in Kew, so you offer something different depending on where you're developing.

"With The Walton, residents will be closer to the centre of Kew, while the new project is more geared toward being a short walk to Studley Park, with the convenience of numerous bus stops on Studley Park Road. The centre of Kew and the shops are still only a kilometre away."

Studley Park will be the last domino to fall, with a launch expected later in 2024 after Carpe complete the display suite on High Street.

Carpe Group secure green light for two Melbourne apartment developments

Luxury developer&nbsp;Central Element has broken all of Coogee's real estate records with the sale of the penthouse at their heritage restoration project, Ballamac House.

The three-bedroom penthouse sold for $20 million, the highest price paid for anything in Coogee.

The 241 sqm penthouse sold for just under $83,000 per sqm internally, and close to $90,000 per sqm when incorporating the 77 sqm of external space.

&nbsp;

The sale trumps the previous suburb record which was $13.1m for a four-bedroom house located on Wolseley Road, just a short distance from Wylie’s Baths ocean pool with views across Coogee beach to Wedding Cake Island.

The record for an apartment was previously held by the recent sale of $8.8m for a 286 sqm four-bedroom penthouse on Carr Street, with panoramic north-facing views across Coogee Beach to <a href="/new-apartments/clovelly-nsw-2031">Clovelly</a>, by former NSW premier Bob Carr.

It also beats the record in neighbouring South Coogee, which is $18.5m for the three-level five-bedroom clifftop residence at 1A Seaside Parade that was achieved earlier this year. Before that, the $16.85m for the Bunya Parade ‘Coogee Castle’ held the record, which was purchased by Fred Schebesta, the co-founder and CEO of the comparison website, Finder, in 2021.

CE’s <a href="/new-apartments/ballamac-house-39-arcadia-street-coogee">Ballamac House</a> has a long and colourful history – established by Charles Moore in 1860, the coveted estate has lived many lives over the years, as a private residence, hotel and infirmary, with many prominent figures passing through its doors.

CE will transform the site into eight prestigious three-bedroom oceanfront residences across two buildings.

The heritage Victorian house itself will undergo a meticulous restoration to reinstate it to its original grandeur as it is converted into two exquisite residences, with the further six dwellings sitting in a new building to the east with awe-inspiring ocean views. The project will launch to market later in the year.

The $20 million sale was to a local owner-occupier who fell in love with the history of the site and the uninterrupted views out to Wedding Cake Island that will be enjoyed from the building's elevated position on Coogee’s north headland.

Cameron Porter, Head of Sales at <a href="/developers/central-element">Central Element</a>, says Coogee is growing as a sought-after destination.

“We’re seeing a lot more buyers in that ultra-luxury downsizer market who would have traditionally been looking in Bondi and Bronte now turn to Coogee, with the suburbs elevated lifestyle offering," Porter says.

"The flurry of hot new restaurants Coogee’s seen appear in recent years, such as Yana and Louie, and of course Coogee Pavillion’s mimi’s, means locals have world-class dining as well as everything else the idyllic coastal suburb has to offer right on their doorstep."

Porter says they knew there was demand for premium apartments in the area following their success of their&nbsp;award-winning Anden Coogee project around the corner.

"With Ballamac House’s enviable location on Coogee’s north headland just up the road from mimi’s, combined with the quality of product that buyers know Central Element can deliver, we’re expecting this project to be snapped up as it launches to market later this year.”

[smartcode_project_cta:default project_id=141700]

Cameron Porter, Head of Sales at Central Element, says Coogee is growing as a sought-after destination

Central Element smash Coogee apartment record with $20 million Ballamac House penthouse sale

Eastern Suburbs property seekers have been given one of the best opportunities to buy into the priciest region in Australia at prices not seen in years, with the release of the final apartments in Crown Group's award-winning development, The Grand Residences, Eastlakes.

Due to a shareholder dispute, Crown Group was placed into provisional liquidation in August 2023. The apartments are now being released to the market in an ordinary wind-down of the Group. &nbsp;

The first stage of the project was developed over a five-year period. Beneath the apartments there is a vibrant retail precinct with 15 retailers. Anchored by a large-format Aldi Supermarket, there is also a Woolworths Metro, Australia Post and a variety of speciality stores and services.

[smartcode_project:default project_id=7652 project_image_fid=262582]

Completed to much fanfare at the beginning of 2022, the first stage won the Urban Taskforce Australia Development Excellence Awards in the Mixed-Use Development category, one of the most prestigious awards a development can get in Australia.

Chair of the Urban Taskforce Judging Panel, Chris Johnson, said The Grand Residences by Crown Group represented an exemplary project in mixed-use developments and urban renewal.

“It will significantly revitalise this previously overlooked area of Sydney and create immeasurable benefits for the local community, allowing it to better meet the needs of the future forecast population growth,” Johnson said.

[smartcode_project:default project_id=7652 project_image_fid=262587]

Everything Crown Group has done well over the past decade is on show at The Grand Residences. Their commitment to producing larger apartments than the norm is apparent immediately, even with the one-bedroom units which span nearly 60 sqm and have a balcony off the open-plan kitchen, living and dining area. Every apartment within the complex has at least one car space.

Crown Group’s signature high-end amenity is also a key feature at The Grand Residences. On offer for residents is a 25-metre heated pool, gym, landscaped gardens, BBQ facilities, and rooftop deck with panoramic views.

[smartcode_project:default project_id=7652 project_image_fid=262600]

The Grand Residences offers a gateway into the Eastern Suburbs in terms of both affordability and location. The Evans Avenue address puts residents beside the growing inner-east suburbs of Alexandria and Rosebery. Rosebery has become a hotbed for creative business and coffee culture due to the popular retail and hospitality hub, the Cannery. As well as the thriving cafe scene, residents are also just a 10-minute drive to some of Sydney’s best beaches, the closest being Coogee.

[smartcode_project:default project_id=7652 project_image_fid=262585]

The provisional liquidators have appointed McGrath Projects and Crown Property Agency to assist with the sell-down of the development.&nbsp;

McGrath Projects and Crown Property Agency have already held a highly successful weekend launch of the apartments, which was attended by a mix of first home buyers, “rightsizers”, investors and owner-occupiers who see the value this Eastern Suburbs address provides.

McGrath Projects Director, Adam Sparkes, says the building offers incredible value for every cohort of buyers looking at the Eastern Suburbs.

“The building is achieving strong rental yields for the area, and since completion two years ago properties have been tightly held. The opportunity to buy at this price point and in this location isn’t likely to come around again.”

[smartcode_project_cta:default project_id=7652]

Final opportunity to buy in The Grand Residences, Eastlakes

There's very little in the way of comparison when looking at Miami in Florida and Miami on the Gold Coast.

As a matter of fact, they're polar opposites.

Miami in Florida has the third highest city skyline in the US, after New York and Chicago, while its Gold Coast namesake is at completely the other end of the spectrum. It flies under the radar in the grand scheme of the Gold Coast, and that's just how locals like it.

Miami is the only beachside Gold Coast suburb with a strict three-level height limit on buildings, which essentially&nbsp;puts a cap on density and how much new development can occur.

When there's a cap on supply, there's always long-term price growth, something which is not lost on property investors.

What the two do have in common however is their ability to draw both locals and visitors through culture, convenience, and climate.

It was the combination of liveability and the opportunity to develop in a tightly held location that drew&nbsp;prolific townhome developer Highlife Homes to Miami, sandwiched between the more well-known suburbs of Mermaid Beach and Burleigh Heads, two suburbs where the number of apartments has skyrocketed in the last 15 years.

<a href="/developers/highlife-homes">Highlife Homes</a> secured a site on Hythe Street, 160 metres from Miami Beach, the beachside cafe&nbsp;Piccolo's Espresso Café, and the&nbsp;Miami Surf Club.

The location, and the laid-back Gold Coast lifestyle that has been preserved in Miami compared to some of its now built-up neighbours, has been a major factor for purchasers of Highlife's four villa development, <a href="/buildings/harmoni-on-hythe">Harmoni on Hythe</a>.

Only one townhouse remains in Harmoni on Hythe, which recently welcomed its new residents.

[smartcode_project:default project_id=140364 project_image_fid=218339]

The remaining townhouse has four bedrooms, however, it's been cleverly designed so the top level bedroom could be used as a mulit-purpose space or a second living room, given it opens onto the outdoor roof terrace which features a full barbecue kitchen and views over the beach.

All up the townhouses have 245 sqm of living space including balconies, with a further 60 sqm of terraces and courtyards. Each courtyard has its own shower, an added feature designed for residents to wash off the sand, rinse the surfboard, or clean the dog.

Highlife, always one step ahead, future-proofed the townhouses for those looking long term, installing an internal private lift in each home.

[smartcode_project:default project_id=140364 project_image_fid=214022]

Residents at Harmoni are ideally located to take in the very best of what Miami has to offer.

Dotted with open green spaces, Harmoni benefits from being just a five-minute walk from beachside parks such as Don MacSween Park and Ed Hardy Park.

Harmoni is also strategically positioned close to both the Burleigh Golf Course and Pizzey Park, with the multipurpose facility offering rugby, tennis, swimming, netball, gymnastics, and even an athletics track. There's also a skate park and a dog exercise facility.

Miami Aquatic Centre, featuring two heated Olympic 50-metre pools, an indoor training pool, and a children's play area, is just five minutes away, as is Miami Tennis Club, which has ten synthetic grass courts, two air-conditioned clubhouses, and a pro shop.

[smartcode_project:default project_id=140364 project_image_fid=214025]

Residents of Harmoni on Hythe are also well-connected to the broader Gold Coast area. The nearest bus stop is only a two-minute walk away, while the future light rail will further benefit residents.

The Gold Coast Highway is also home to several dining and retail options. ALDI is just 650 metres away south of the property, while in the other direction, there's the Miami Fish Market, four minutes away.

The Esplanade is also within walking distance, with highly rated dining establishments like Miami Tavern and North Burleigh Surf Life Saving Club.

Miami Marketta, just one kilometre from Harmoni, brings the suburb to life at night every Wednesday, Friday and Saturday. The indoor and outdoor night market features a diverse selection of street food, cocktails, and craft beer, all accompanied by the backdrop of live music.

The sole remaining villa at Harmoni on Hythe is one of just five four bedroom-plus homes for sale on the eastern side of the Gold Coast Highway near the beach.

[smartcode_project_cta:default project_id=140364]

Residents at Harmoni are ideally located to take in the very best of what Miami has to offer

Miami Gold Coast: The unassuming beachfront enclave offering the epitome of Gold Coast living

The Victorian division of Sydney's longtime luxury Lower North Shore development company Abadeen, is continuing its push into Melbourne's owner-occupier market.

Having launched <a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>, a collection of just seven luxury apartments on Malvern East's Central Park, <a href="/developers/abadeen-group">Abadeen</a>, led locally by former CBRE Director Andrew Leoncelli, has filed plans for its next project.

They'll be developing a boutique building in Prahran at&nbsp;<a href="/new-apartments/grandview-prahran-616-646-high-street-prahran-vic-3181">616-646 High Street</a>,&nbsp;on the corner of&nbsp;Airlie Avenue and High Street near Toorak Park and Orrong Romanis Reserve.

Abadeen secured the 2,198 sqm site, which is the&nbsp;former Cabrini Hospital medical facility, last year.

They had Carr design a four-level building that curves around a Smooth Bark Apple tree, immovable as it's listed as a national trust significant tree.

<img alt="Abadeen Prahran" data-entity-type="file" data-entity-uuid="118ee15e-cc57-4aff-a458-4c5090c0f520" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-17%20at%209.15.19%20am.png?VersionId=4_eYVITw1EoMhK0gle3whzIs3rdxCrP." />

Carr is no stranger to having to incorporate a heritage-listed tree in a new development, nor are they a stranger to having to do so for a development overseen by Leoncelli.

Leoncelli's ALP Developments were behind&nbsp;Victoria &amp; Burke in Camberwell, where Carr had to incorporate a 220-year-old gumtree in the development of just 15 apartments. The Burke Road project broke records for the suburb when two of the penthouses sold off the plan for $5.5 million each in 2020.

There are a further three trees on the Prahran site, two Flowering Gums and an English Oak, which line the perimeter and need council approval to be removed or pruned.

The documents submitted to the Stonnington Council said the building form pays homage to the existing heritage-listed tree curving around its canopy.

"Windows and glazing are perpendicular to the building grid and juxtapose against the curved form, creating moments of interest in the facade."

<img alt="Abadeen Prahran" data-entity-type="file" data-entity-uuid="8647f41e-0e4f-4427-ba68-5f1a84078ec8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-17%20at%209.12.56%20am.png?VersionId=P_vUPehlSvvrzY5jjV_kkx86j3RHz0cb" />

There will be 26 apartments across the four levels, a mix of two-beds, two-bed plus study's, and three-bed apartments. They will sit above two levels of basement with parking for 56 cars.

The two-bedroom apartments start from around 100 sqm internally and the largest three-bedrooms, the three penthouses, range in size from 180 sqm to 269 sqm internally, not including the wraparound terraces and the private rooftop terraces.

Abadeen broke onto the Melbourne off the plan apartment development scene late last year when they launched Malea.

Designed by Ewert Leaf and in landscaping by John Patrick,&nbsp;Malea comprises seven two and three-bedroom apartments with&nbsp;Miele and Gaggenau appliances, extensive outdoor spaces immersed in nature, and a parkside location unrivalled in Malvern East.&nbsp;

First look: Abadeen lodge plans for second Melbourne apartment development

Melbourne developer LAS Group has submitted plans for a new 25-level tower in the heart of Southbank.

Fender Katsilidis (FK) has put together plans for the 188-apartment tower at 38 Clarke Street, on the corner of City Road and Clarke Street just behind Crown Melbourne.

In contrast to the neighbouring buildings with predominantly glass facade buildings, 38 Clarke Street embraces the industrial heritage of the area, with the building's lower level finishes drawing on the 19th-century local vernacular found on City Road with rich red brick detailing and arched windows.&nbsp;

FK associate principal Kianson Tay says the design of the tower needed to respect the context of the site and the surrounding area, while offering a fresh, timeless expression for residents to connect with, both within the development and beyond.&nbsp;

“City Road has a heritage of 19th century masonry warehouse buildings which we believe offers opportunities for contemporary reinterpretation," Tay says.

"There is an architectural language here of tactile materiality and brickwork detailing which we are excited to interpret into 38 Clarke Street. The material palette of our scheme has a sense of solidity and tactility, with materials that will patina and age gracefully over time."

Comprising two interlocking tower forms, the solidity of the masonry base transitions to a lighter and more delicate tower materiality of expressed warm-coloured concrete blades with an oxide finish.&nbsp;

<img alt="25-storey tower proposed for Melbourne’s Southbank" data-entity-type="file" data-entity-uuid="6f4be34a-ee78-4b51-8b2e-ea9a1e94d33e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/38%20Clarke%20-%20street%20view.jpg?VersionId=7AC.jnVL9cFHLjoNowSY3Sry2NS1Od62" />

The lower ground level at street level features resident amenities including a dedicated bike lobby and parking area, pool and gym.&nbsp;

"To enhance the pedestrian experience and engagement along the street frontages, we have carefully considered the podium ground-level experience through human-scaled elements with a sense of craft and detailed design," Tay added.

"An off-form concrete canopy establishes a datum line at the base, with a composition of arched brick bay windows that evoke the industrial past of the neighbourhood. We were conscious that City Road can be a busy and hard-edged environment, &nbsp;and so we wanted to introduce architectural detailing and fine-scaled elements to enrich the experience at street level."

The top of the podium features a densely planted native garden bed designed by renowned &nbsp;Tract Landscape Architects. The garden bed provides residents and neighbouring towers with a visual connection to nature and strengthens the site's ecological value.&nbsp;

Sustainability measures targeting a 5-star Green Star rating include a bike-friendly lobby with extensive bicycle parking accommodating more than 200 spaces, far beyond typical allowances, &nbsp;to encourage the use of the city’s cycle lanes and reduce vehicle reliance. From an energy perspective, the all-electric building features distinctive angled fins that will passively reduce solar heat gain.&nbsp;

<a href="/developers/las-group">LAS Group</a> spokesperson Les Smith said one and two-bedroom apartments are highly sought after in&nbsp;<a href="/developments/southbank-vic-3006">Southbank</a>, particularly at a mid-tier price point.

"We’re excited to partner with FK, experts in tall buildings, to actualise these designs that both respect the heritage of the &nbsp;area and create a sense of place for people to call home in one of Melbourne’s most desirable locations, just 1km from the CBD.”

LAS Group spokesperson Les Smith said one and two-bedroom apartments are highly sought after in Southbank, particularly at a mid-tier price point

First look exclusive: LAS Group propose Fender Katsilidis apartment tower in Southbank

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

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Joel Robinson

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News