When new projects in Sydney's sought-after Eastern Suburbs hit the market, there's always an air of interest given the expectation these apartments need to capture the attention of those who live in the most affluent area in Australia.

That interest is always heightened when the architecture is as striking as the latest new off the plan apartment development, Giardino in <a href="/developments/bellevue-hill-nsw-2023">Bellevue Hill</a>, just 10 apartments at 117 O'Sullivan Road.

It only took two pictures to realise that's because it's been designed by the revered Italian-born architect <a href="/architects/luigi-rosselli-architect">Luigi Rosselli</a>.

[smartcode_project:default project_id=112895 project_image_fid=253708]

1st City agent Zac Albert says they frequently get buyers come to them "asking for a Luigi", like it's a piece of art. In a lot of ways, it is.

Rosselli has been at the forefront of the Sydney architecture scene since emigrating to Australia in the mid-1980s. While predominantly focusing his craft on Sydney's most grand homes, Rosselli occasionally lends his design expertise to the multi-residential market. His designs at Ode Double Bay, also marketed by 1st City, pushed the Top Spring project to record-breaking status, with a penthouse selling for $24.95 million.

The latest creation, Giardino, is another which is targeting the local downsizer who is cashing in on their family home following the tremendous price growth the trophy home market has seen, particularly in Sydney's east, over the last decade or so.

[smartcode_project:default project_id=112895 project_image_fid=253710]

Italian for garden, Giardino is exclusively developed for the over 55's community, the only way a development can get the green light from the Woollahra Council in a R2 Zoned precinct.&nbsp;

The development draws inspiration from <a href="/developments/potts-point-nsw-2011">Potts Point</a>'s Wyldefel Gardens and Luigi's European background, seamlessly blending with Australian sensibilities and the surrounding topography.&nbsp;

Each apartment has three or four bedrooms and features spacious open-plan living areas with a fireplace and sliding doors opening to northeast-facing terraces.&nbsp;

[smartcode_project:default project_id=112895 project_image_fid=253713]

Given the nature of the development, future proofing was at the forefront of the design. There's direct lift access to each apartment, as well as a care service which future occupants can opt in for.

Albert says Giardino, has all the ingredients for a fantastic project.

"Not only is Luigi one of the best and most sought-after architects in the country, landscape architect Dangar Barin Smith is handling the outdoors, and the developer Formspace has a track record of delivering high quality projects in Sydney's East."

[smartcode_project:default project_id=112895 project_image_fid=253709]

<a href="/developers/formspace">Formspace</a> has just completed AALTO, eight townhouses near the Rose Bay village which were all sold out before construction completed earlier this year.

Albert says no expense has been spared in the inclusions, with the interiors by Handelsmann + Khaw featuring kitchens fully stocked with Wolf, Sub Zero and Vzug appliances, as well as a&nbsp;glass-fronted walk-in pantry.

The ground floor sits above the street, so there's a&nbsp;tree canopy either offering privacy to the lower levels or a view over the canopy from the upper levels of the four-level building.

No surprise that three out of the 10 apartments have already sold, including one of the two penthouses.

Prices start at $6,395,000 and range to $7,495,000.&nbsp;There's been interest from locals, in the Vaucluse, Rose Bay ring, to enquiry from the North Shore who are wanting to sell up and move closer to their kids who live in the east.

Roselli says the apartments are designed to satisfy all the requirements of the Eastern Suburbs’ aging population.

[smartcode_project_cta:default project_id=112895]

1st City agent Zac Albert says they frequently get buyers come to them "asking for a Luigi", like it's a piece of art. In a lot of ways, it is.

Joel Robinson

Rare Luigi Rosselli apartments in Bellevue Hill snapped up pre-launch

Just a few weeks after the launch of its first Gold Coast apartment development Nera on Chevron Island, Queensland developer Bastion Property Group has snapped up a site for its next.

Following around $18 million in sales at <a href="/new-apartments/nera-residences-chevron-island-8-10-parneno-street-chevron-island">Nera</a>, Bastion has acquired two sites at 27 Vista Street and 2959 <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> Boulevard which will be amalgamated to create an 826 sqm block and home a new multi-level apartment development.

<a href="/developers/bastion">Bastion Property Group</a>'s&nbsp;Alex Wood said the company was keen to explore further development opportunities on the Gold Coast as part of its commitment to have 10 projects in market over the next 10 years.&nbsp;

“We have great confidence in the Gold Coast market and this latest acquisition will enable us to continue to build and grow the Bastion brand as a residential developer of choice for discerning buyers,” Wood said.

The sites are located just a stone’s throw from the sought-after Garfield Terrace, the beach, and is situated next to the light rail tram stop.&nbsp;

The acquisition comes on the heels of the company's preliminary success of its $140 million Nera project at <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a> following a soft launch that drew more than 200 inquiries in the first few weeks of release.

Bastion has already locked in sales of $18 million, with the majority of interest coming from locals.

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Nera, located at the northern end of Chevron at 8-10 Parneno Street, will deliver a collection of 87 apartments across 28 levels.

Alex De Vincentiis, managing director of project marketer <a href="/project-marketer/onepm">ONE:PM</a>, said locals are already won over by the location.

"As expected, local owner-occupiers, many of them already living on Chevron Island, have dominated preliminary inquiries, although we have also fielded multiple inquiries from interstate investors.

“From a local’s perspective, they are already won over by the location. They love Chevron Island and they want to stay, so for the buyers that have already signed up, Nera is the perfect fit for them.”

[smartcode_project:default project_id=108640 project_image_fid=241579]

Designed by&nbsp;<a href="/architects/plus-architecture">Plus Architecture</a>, Nera’s residences are primed for downsizers with large floorplans and an number of layout options with two and three-bedroom units on offer.

All Nera residents will enjoy rooftop amenities, including an infinity pool, wellness spa, top-tier fitness centre, exclusive dining area, sky lounges with fire pits, and a dedicated yoga platform.

[smartcode_project:default project_id=108640 project_image_fid=253873]

Bastion Group, which is backed by a private consortium of experienced national and expat developers, has taken a dedicated approach to not only deliver a premium residential offering, but to create a new landmark design for Chevron Island.

“We are thrilled by the strong preliminary response to Nera, especially from locals, and the market more broadly,” Wood added.

“The soft launch has been an outstanding success and testament to our team’s efforts to create a design that epitomises a new era of luxury and sophistication that is transforming the Chevron Island lifestyle.”

Nera, which has already achieved development approval, is currently awaiting council response to minor revisions aimed at meeting demand for premium residences in the popular suburb.

Bastion anticipates construction of Nera will begin in the middle of this year with completion forecast for 2026.

[smartcode_project_cta:default project_id=108640]

Bastion want to have 10 projects in market over the next 10 years

Bastion secure next Gold Coast development site 

For developers in the off the plan apartment space, brand is everything.

Brand isn't just how many press releases you send out or how many record sales you make. True brand power is built on a legacy of delivering quality projects.

Some developers focus their brand on the level of architecture they bring to the market, some on the exclusivity of their product. For others, it's the human element of developing.

While being an established builder and developer of high-end apartments, townhouses, and luxury homes in Brisbane's inner-ring, <a href="/developers/siera">Siera Property Group</a> had to ensure their strong reputation for delivering quality projects transferred to the off the plan apartment market on the <a href="/developments/gold-coast-qld?sort=">Gold Coast</a>.

SIERA’s approach has never been about the bells and whistles, it has always been about well-designed projects, in a good location, and understanding the desired lifestyle requirements of their future residents.&nbsp;

Rather than having a string of projects on the Gold Coast they could point to, Siera's approach was more customer-facing, putting a face behind the brand.

SIERA Managing Director Brent Thompson, who is also on the board of the UDIA QLD Board of Directors, knew the importance of his role as the developer.

Since launching <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a> on&nbsp;<a href="/developments/chevron-island-qld-4217">Chevron Island</a>&nbsp;back in early 2022, Thompson is regularly onsite at the display, speaking to both prospective buyers and those who have purchased in the project ensuring these purchasers understand what sets SIERA apart when it come to the detail and delivery of each project.

[smartcode_project:default project_id=108641 project_image_fid=192964]

Thompson knew the importance of humanizing the process.

"Ultimately, people you don't know are putting faith in you that you're going to build them their home," Thompson says.

"It's important that they feel both comfortable and confident you'll deliver on what you've promised. That's the biggest hurdle when it comes to working in off the plan development. The more transparent a developer can be, the more faith buyers will have in your product."

While having a strong brand to support off the plan sales is important, the true value lies in building a brand that consistently delivers and exceeds residents' expectations—both at settlement and long after. A brand that goes beyond the transaction not only adds lasting value to residents but also contributes positively to the communities in which these developments are built.

John Lightbody, Senior Project Leader at <a href="/architects/bda-architecture">BDA Architecture</a>, who has been collaborating with developers on the Gold Coast for the past 13 years, shared that it's rare for a developer to come along that you are genuinely invested in beyond your role as the project architect.

SIERA engaged BDA following their purchase of Chevron Island, bringing a clear vision for what they wanted to achieve.

"The passion from the team was evident from the very first meeting," Lightbody said. "While first-time multi-residential developers might delegate these types of discussions or rely on local representatives, Brent and his team were fully engaged from the start."

The project needed to be distinctive and make a significant mark, and everything SIERA did leading up to the site purchase, from conducting extensive research across various suburbs to profiling potential buyers, played a key role in their success.

Lightbody emphasized that they had a strong understanding of the Chevron Island area and wanted to ensure every design element was connected to HOTA (Home of the Arts), reinforcing the concept of Chevron Island as an extension of this cultural hub.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Lightbody believes SIERA’s background in Brisbane provided them a solid platform to develop on the Gold Coast.

"The team is very much into urban design coming from Brisbane. They picked a few Brisbane projects and wanted to bring that level of community to the Gold Coast."

"It's a very creative pocket of surfers, and they really wanted to drill in and focus on that in the first instance, then it was about delivering really high-quality facilities, with the view residents would really be able to make the most of, and proudly show off to guests.

SIERA’s second project, Pipis in Bilinga, was secured with plans ready for a 19-apartment development on the beachfront Golden Four Drive.

[smartcode_project:default project_id=138311 project_image_fid=217334]

Ellivo Architects Associate Director Matt Martoo said it was clear in the early conversations with Thompson following the site purchase how genuine the team was about creating something special.

"While there were already plans for the 11-level tower, the SIERA team came in and made some tweaks to make it more in keeping with their brand and what they wanted to be known by," Martoo said.

"The majority of the changes were in the amenity, where they carved out more space to create something even more aspirational than what was drawn up before."

Read more:&nbsp;<a href="/news/qld/an-opportunity-not-to-be-missed-why-siera-property-group-couldnt-say-no-to-pipis-bilinga">"An opportunity not to be missed" Why Siera Property Group couldn't say no to Pipis Bilinga</a>

[smartcode_project:default project_id=138311 project_image_fid=217340]

SIERA now has both its Tapestry project on Chevron Island and its <a href="/developments/bilinga-qld-4225">Bilinga</a> beachfront development <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> under construction, with both slated to complete in 2025.

They have another approved project in Surfers Paradise, just off Northcliffe Beach, which they will be hoping to launch later this year.

Rather than having a string of projects on the Gold Coast they could point to, Siera's approach was more customer-facing, putting a face behind the brand

How SIERA created a trustworthy brand in the Gold Coast off the plan apartment market

In a positive stride towards a sustainable and environmentally responsible housing solution, leading Melbourne property developer Beulah’s latest project Brunswick Established will become the first heritage townhome community to implement circular living in Brunswick.&nbsp;

Designed <a href="/architects/six-degrees-architects">Six Degrees</a>, by leaders in social and sustainable architecture, <a href="/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a> has been designed around the three main pillars of circularity: designing out waste and pollution, keeping products and materials in use and regenerating natural systems.&nbsp;

By taking a circular ecosystem approach, residents of Brunswick Established will reap the benefits socially, economically and environmentally, including lower energy costs and utility bills, a reduction in greenhouse gas emissions and the ability to grow their own produce, to name a few.&nbsp;

<img alt="First-of-its-kind heritage townhomes in Brunswick" data-entity-type="file" data-entity-uuid="0896446a-7650-414e-9b1b-75f8f8fd382f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Brunswick%20Est%20Trop%20Design.jpg?VersionId=2tXgxv8HhIE_VDLkIXX6xYHu4dwvw2H3" />

Beulah Executive Director Adelene Teh said environmental sustainability and the principles of the circular economy are becoming increasingly important.&nbsp;

“At Beulah, we are continually thinking about the future and how lifestyles and ways of living will evolve," Teh.

"While sustainability is the end goal, circularity serves as a crucial step towards achieving it by undertaking practices such as reuse, repurposing, recycling, and remanufacturing.”&nbsp;

Brunswick Established comprises 23 two-storey townhomes, located behind a beautiful heritage facade at 17-23 Hodgson Street. Throughout the construction phase, the project will address the first two pillars of circularity by aiming to recycle and repurpose up to 80 per cent of the existing building on site, currently home to one of the earliest clothing factories in <a href="/developments/brunswick-vic-3056">Brunswick</a> from the 1920s.&nbsp;

<img alt="First-of-its-kind heritage townhomes in Brunswick" data-entity-type="file" data-entity-uuid="e10637b9-d88f-4e4f-afc5-7a74e15aa9c4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Brunswick%20Established.jpg?VersionId=ydOI5tAyssEI67Wgq2io5MynjAUEIe5I" />

Bricks will be recycled and used for paving, while salvaged timber will be repurposed into pergolas. Additionally, all power consumed during construction will be via renewable sources. Collectively, this will not only significantly reduce construction waste but will actively reduce the project’s carbon footprint and reduce embodied carbon from using new materials. Additionally, residents will have access to multiple waste streams to partake in best-practice waste management.&nbsp;

The last pillar, regenerating natural systems, has been weaved into the final design of the townhomes, where residents can reap the benefits firsthand. Each home will be gas and fossil-fuel-free and will include a renewable energy system including solar panels and rainwater harvesting, as well as energy-efficient lighting systems and appliances, and EV Charging. Residents will also have access to an edible garden and composting facilities to assist in the continual growth of produce.&nbsp;

“While the built environment industry is more environmentally conscious, there are still opportunities for further innovation, and now more than ever, developers and architects are taking initiatives to ensure that the projects they embark on leave a better footprint upon completion than before,” says Adelene.&nbsp;

“Brunswick, as a suburb, values sustainability and is astutely eco-conscious, placing importance on durable and lasting design, which is intrinsically evident within the locale. In Brunswick Established, we aspire to explore how we can create the right infrastructure and framework to encourage future residents to live circularly and responsibly.&nbsp;

“It is particularly challenging to work with existing heritage buildings to transform them into sustainable homes that meet relevant standards. However, we believe in investing in thorough research and working closely with the best consultant team to create something unique with hopes of setting a benchmark for future townhome living," she says.&nbsp;

<img alt="First-of-its-kind heritage townhomes in Brunswick" data-entity-type="file" data-entity-uuid="f8f0a7e3-e9cf-4422-91ca-59af9e62104d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Brunswick%20Established%20Site.jpg?VersionId=.TDUWF5HGIMQjDeex299B.Bo0qDLROKV" />

Six Degrees Director Peter Malatt said Brunswick Established is a beautifully unique project and one that this suburb has not seen.&nbsp;

“We have drawn inspiration from the rich history of the site to integrate old and new, using our local knowledge of the area and commitment to social and sustainable design. Brunswick Established is an exemplar of heritage, community and environmental sustainability and we believe this project will contribute to the surrounding community for years to come,” he said.&nbsp;

In line with Beulah’s commitment to community engagement and education, Beulah will be hosting a free community event to raise awareness, specifically in the realms of design and sustainable living. The unique neighbourhood fair, set within an iconic heritage warehouse, will be held on March 16, in partnership with Six Degrees Architects, Thank You, Great Dane and Australian Design Review as well as leading eco-conscious brands including Greenspace, Cirque du Soil, Hey Doodle, Secateur Me Baby, DNJ Paper and many more. Through thoughtful conversations, interactive workshops, and pop-up stalls, the event will explore circular living and the future of sustainability.&nbsp;

[smartcode_project_cta:default project_id=136451]

Beulah Executive Director Adelene Teh said environmental sustainability and the principles of the circular economy are becoming increasingly important

First of its kind heritage townhomes in Brunswick to implement circular living at scale 

Local builder developer CBD Core is breaking the mould in the Hills Shire.

They're set to be the first developer with a project in market in the local area to offer free stamp duty for first home buyers at their Castle Hill apartment development, Astrid.

Currently the threshold for full stamp duty concessions in New South Wales is $800,000 and under, which is limited to first home buyers.

[smartcode_project:default project_id=22748 project_image_fid=204930]

The offer, which will run until April 30, shortly before the building is complete, will apply to their two-bedroom apartments up to $950,000.

First home buyers will save about $30,000 on the $950,000 apartments. There are some two-bedroom apartments left priced at $895,000 and some at $915,000.

Astrid comprises just 94 apartments as well as a suite of resident amenity including a resort-style swimming pool, state of the art gym, and the Astrid Lounge.

[smartcode_project:default project_id=22748 project_image_fid=204938]

CBD Core has been a Hills Shire developer for the last 11 years. It's run by the Harb family, who have called Castle Hill home for decades.

Turner Wolfe Director Matt Wolfe, who is handling sales at Astrid, says the fact CBD Core is a builder developer, as well as a local, is an attractive proposition for buyers.

"The Harb family have been entrenched in creating quality places to live in Castle Hill for a number of years," Wolfe says.

"They're a local first and developer second. Their kids go to school in Castle Hill, they dine in the local cafes. They're not here to get in and get out, they're here to contribute to the growing community, hiring local trades, and be at the forefront of the best developments in the area."

[smartcode_project:default project_id=22748 project_image_fid=204931]

CBD Core is also preparing their next project, another in Castle Hill, following the successful completion of Oriel, just behind Astrid and their first development in the rezoned $1 billion Hills Showground precinct.

On the incentive, Wolfe says the developer wants to help first home buyers in a tough market.

"Prices have gone up significantly in Castle Hill in the last few years, which has made it even tougher for local first home buyers to get on the ladder. Paired with significant interest rate rises, first home buyers have all but disappeared from the market. This offer however will give them the opportunity to buy something other than a one-bed."

[smartcode_project_cta:default project_id=22748]

Exclusive: CBD Core to cover stamp duty for first home buyers at Astrid Castle Hill

The record for an apartment in&nbsp;<a href="/developments/fitzroy-vic-3065">Fitzroy</a>, one of Melbourne’s oldest suburbs, has hit a new high following the sale of three amalgamated apartments in Chapter Group's Fitzroy Fitzroy project on Smith Street.

The three combined apartments, which will made a 400 sqm home with 120 sqm of outdoor entertaining space, sold for around $10 million.

The buyer was an Australian expat who will call&nbsp;<a href="/new-apartments/fitzroy-fitzroy-411-421-smith-street-fitzroy">Fitzroy Fitzroy</a>&nbsp;home when the project is completed later this year.

The buyer, in their 30s,&nbsp;was attracted to the project’s central location on Smith Street and the ability to create their dream home in the sky.&nbsp;

The penthouse buyer went through a customisation process for the floorplan and interior finishes with DKO and <a href="/developers/chapter-group">Chapter Group</a>. The result is a whole-floor four-bedroom apartment with five bathrooms, a library room, a games room, a formal lounge, a living room, a dining room, a mud room, laundry and butler’s kitchen, as well as 360-degree views and parking for six cars.&nbsp;

The buyer will also have access to the project’s residential amenities including a residents-only ‘Smith Club’ with communal bar and dining, private meeting and work-from-home spaces and an expansive tranquil rooftop garden on level nine designed by <a href="/landscape-architect/tcl">TCL</a>.&nbsp;

Designed by <a href="/architects/dko-architecture">DKO Architecture</a>, Fitzroy Fitzroy sits behind a grand heritage brick facade, once home to MacRobertson’s Garage and Workshop, and reaches nine storeys high, complete with angular rooftops and a chamfered western side to create sunlit internal spaces and generous viewlines.&nbsp;

[smartcode_project:default project_id=14394 project_image_fid=183065]

Internally, two colour schemes are on offer, both inspired by the culture and character of Fitzroy – the Avant Scheme is marked by fresh, natural finishes and a muted colour palette, while the Gastronome Scheme is bold, unrestrained and modern.&nbsp;

“Fitzroy Fitzroy initially launched with 56 apartments and six townhomes but following a number of amalgamations, the project make-up has shrunk to 52 apartments and five townhomes,” says Dean Lefkos, Chapter Group Founder &amp; Director.

“All buyers to date have been owner-occupiers, very much from within the local area ranging from 20s to 60s, comprising downsizers, empty nesters and young professionals.&nbsp;

“Buyers have largely been attracted to the heritage facade and unique design of Fitzroy Fitzroy, particularly the way it fuses old with new. Apartments and terrace homes boast industrial features the suburb is known and loved for - angular rooftops, concrete, steel and brick, yet a modern edge is evident via fluted glass, brass accents and natural stone."

[smartcode_project:default project_id=14394 project_image_fid=183072]

At ground level, an internal laneway connects Smith Street to the residents’ lobby, inspired by the local arcades in Melbourne’s CBD, complete with ground-floor residential amenities and two retail tenancies.&nbsp;

Fitzroy Fitzroy is 70 per cent sold and is currently under construction. Custom floorplans are still available, with completion scheduled for Q4 2025. There is a further opportunity for a full-floor exclusive residence, up to 650sqm to be fully customised.&nbsp;

Remaining apartments are priced from $650,000.

Fitzroy Fitzroy is a joint venture between <a href="/developers/chapter-group">Chapter Group</a>, <a href="/developers/crema-group">Projects by Crema</a> and <a href="/developers/cdl-australia">CDL Australia</a>.

[smartcode_project_cta:default project_id=14394]

The buyer was an Australian expat who will call Fitzroy Fitzroy home when the project is completed later this year

Confidence in Melbourne's off the plan apartment market soars with record $10 million Fitzroy sale

Sydney apartment developers are feeling confident in 2024.

That's been the headline from conversations in the first six weeks of the year from developers across Sydney. Just as importantly, that's been the feedback from the project marketers too.

Read more: <a href="/news/nsw/how-the-sydney-off-the-plan-apartment-market-is-faring-heading-into-2024">A Project Marketing View:&nbsp;How the Sydney off the plan apartment market is fairing heading into 2024</a>

Joe Nahas, Managing Director at <a href="/developers/coronation-property">Coronation Property</a>, is expecting a strong market this year, however buyers have changed in recent years.

"Buyers are more discerning when it comes to the developer they choose and are not willing to accept anything short of exceptional built quality," Nahas says.

"Buyers today are very different from those five years ago. Buyers are demanding more and wanting to invest in a lifestyle, not just an apartment. They want more space within their homes, seeking residences that are functional and offer an evolving space to grow. They are wanting the resort-style amenities, outdoor spaces and access to shops and dining on their doorstep."

It's placemaking which Coronation are doubling down on currently and in their future pipeline. Having already delivered the successful Paper Mill Precinct in Liverpool, their focus now is on Mason &amp; Main, which will bring Merrylands its largest ever mixed-use precinct, and Ashbury Terraces, a rare proposition in a suburb where apartments and terraces are at a premium.

[smartcode_project:default project_id=31751 project_image_fid=206097]

Coronation has three new projects which are likely to launch this year, the first being <a href="/new-apartments/erskineville-nsw-2043">Erskineville Village</a>.. They also have a <a href="/new-apartments/57-61-archer-street-chatswood">Woods Bagot-designed tower in Chatswood</a> and another project in Ashbury.

"Across all our off the plan projects, we are finding buyers are desiring the best of modern design, quality build, and convenient connectivity," Nahas added.

<a href="/developers/deicorp">Deicorp</a>, one of Sydney's busiest developers year on year, echoed the sentiment. Deicorp's Executive Manager Robert Furolo said&nbsp;the signs are positive that 2024 will be a strong year both for buyer inquiries and conversion to sales in the apartment market.

"Young families, professional couples, and downsizers are all still looking for the lifestyle benefits of convenient and affordable apartment living," Furolo said.

"Together with the ongoing undersupply of new properties in the market, and the return of investors, we are confident of finding buyers for every new home we build and deliver."

Deicorp has just launched their first new project of 2024, <a href="/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan by Deicorp</a> in <a href="/new-apartments/parramatta-nsw">Parramatta</a>. The two 46-level, side by side towers designed by Turner Studio will home over 600 apartments above retail in the heart of Parramatta on Hassall Street.

[smartcode_project:default project_id=138590 project_image_fid=236113]

Deicorp will also look to launch <a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a>, their $310 million,&nbsp;<a href="/architects/fk-australia" target="">Fender Katsalidis</a>-designed mixed-use tower in&nbsp;<a href="/new-apartments/rhodes-nsw-2138">Rhodes</a>, some 214 apartments across 32 levels, while later this year their Melrose Park masterplan is expected to kick off.

Deicorp is working with PAYCE to create a&nbsp;<a href="/news/nsw/deicorp-and-payces-melrose-town-centre-plans-revealed">new $700 million Melrose Town Centre</a>, which will turn a 55-hectare patch of dirt just&nbsp;outside of Parramatta into a fully mixed-use community.

Turner Architects has drawn up the plans which will see just under 500 apartments delivered across&nbsp;six buildings, as well as commercial, retail, a child care centre, and medical premises in the podiums.

Not to forget Deicorp's current pipeline. They'll be completing&nbsp;construction on&nbsp;<a href="/buildings/downtown-zetland-106-116-epsom-road-zetland">Downtown Zetland</a>&nbsp;and&nbsp;<a href="/new-apartments/the-ashford-castle-hill-25-ashford-avenue-castle-hill">The Ashford</a>&nbsp;in&nbsp;<a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>, as well as&nbsp;the first stage of their&nbsp;<a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village&nbsp;</a>project near the Tallawong Metro Station. They will also launch a new release of apartments in the 430-unit&nbsp;<a href="/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill">Hills Showground Village</a>&nbsp;development, also in Castle Hill.

[smartcode_project:default project_id=133881 project_image_fid=209816]

Lower North Shore developer <a href="/developers/hyecorp-property-group">Hyecorp</a> saw success over the break at their under construction <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a> project, <a href="/new-apartments/audrey-st-leonards-13-19-canberra-avenue-st-leonards">Audrey</a>.

Hyecorp Sales Director George Benlian secured the sale of an apartment with the highest price per square metre rate within the building.

“As January unfolded, the off the plan apartment market embarked on its annual dance of unpredictability," Benlian said.

"The month, typically characterised by a lull in activity due to holiday festivities, didn't deter the stream of inquiries. Although many potential buyers were still immersed in their vacation mindset, the real action was set to unfold upon their return to the daily grind."

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Benlian said while the majority of purchasers hailed from the local area, some buyers have made the decision to downsize from the Hills District and relocate closer to the city.

"The strategic location of Audrey St.Leonards emerged as a key selling point, positioned opposite the scenic Newlands Park and a mere 400 meters away from a conveniently accessible train station.

"These factors contributed to Audrey's appeal, attracting a diverse range of buyers seeking not only a property but also a lifestyle upgrade."

[smartcode_project:default project_id=110379 project_image_fid=206935]

Benlian believes the economic data which has emerged this year will spur buyers on later in 2024.

"The anticipation of this positive shift in the economic landscape will be encouraging more individuals to make their move in the property market, setting the stage for an optimistic outlook in the coming months."

Hyecorp recently launched <a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>, their boutique 35-apartment project in <a href="/new-apartments/roseville-nsw-2069">Roseville</a>.

Read more:&nbsp;<a href="/news/nsw/hyecorp-reveal-latest-north-shore-apartment-development-juliet-roseville">Hyecorp reveal latest North Shore apartment development, Juliet Roseville</a>

The Developer View: How the Sydney off the plan apartment market is faring heading into 2024

Underlying land value, scarcity factor and desire for more space through the pandemic has led to a substantially larger rise in house values relative to unit values over the past four years, property data analytics firm CoreLogic says.

At the onset of the pandemic in March 2020, the house premium, or the difference between median capital city house and unit values, was just 16.7%. Fast forward almost four years later, and that premium has jumped to 45.2% or $293,950.

CoreLogic&nbsp;research director, Tim Lawless,&nbsp;said while houses have historically attracted a price premium over units, and have shown a higher rate of capital gain, several factors have led to the accelerated value growth for detached dwellings over recent years.

“The house premium rose sharply through the pandemic upswing as more people sought out space and were more willing and able to live further afield in our cities," Lawless said.

"While we saw the premium contract through the early part of the rate hiking cycle as house values fell more than unit values, across the combined capitals the gap between house and unit values has since rebounded to a new record high as house values once again rise at a faster pace than units.”

<img alt="CL chart" data-entity-type="file" data-entity-uuid="2ef56cfb-232c-400f-93a3-8c575ca2bf77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-21%20at%206.40.50%20am.png?VersionId=XKlBupTQ_38ULQhrLobRRv1SqjnhH6Nr" />

Since the onset of the pandemic to January this year, capital city house values have increased by 33.9% or by $239,000. Unit values over the same period are up 11.2% or $65,235.&nbsp; A similar trend has played out over the past 12 months with house values up 11.0% ($93,552) while unit values are up a lesser 6.9% ($41,789).

Across the capital cities, Sydney has seen the largest expansion in the house premium since the pandemic, with the gap between house and unit values widening by almost 36 percentage points, catapulting it from sixth to first position on the premium leagues table. Melbourne, Perth, Adelaide and Brisbane have all seen their house premium grow between 15 and 16 percentage points over the same period, while Darwin has seen its house premium reduce by -12.2 percentage points.

“Over the past 12 months, we see a different picture. While Sydney tops the table again for largest 12-month change in premium followed by Canberra, several cities have seen the premium shrink back a little, including Brisbane and Adelaide. This could be reflective of homebuyers seeking out more affordable housing options, which has diverted more demand towards units,” Lawless said.

<img alt="CL chart" data-entity-type="file" data-entity-uuid="06b543c3-41b0-4bad-bdf1-dd9ca198753f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-21%20at%206.45.02%20am.png?VersionId=ZgGub1RXC70wHsml9Z.EoPFKXRZYhE8C" />

Since the onset of the pandemic to January this year, capital city house values have increased by 33.9% or by $239,000. Unit values over the same period are up 11.2% or $65,235.&nbsp; A similar trend has played out over the past 12 months with house values up 11.0% ($93,552) while unit values are up a lesser 6.9% ($41,789).

Across the capital cities, Sydney has seen the largest expansion in the house premium since the pandemic, with the gap between house and unit values widening by almost 36 percentage points, catapulting it from sixth to first position on the premium leagues table. Melbourne, Perth, Adelaide and Brisbane have all seen their house premium grow between 15 and 16 percentage points over the same period, while Darwin has seen its house premium reduce by -12.2 percentage points.

“Over the past 12 months, we see a different picture. While Sydney tops the table again for largest 12-month change in premium followed by Canberra, several cities have seen the premium shrink back a little, including Brisbane and Adelaide. This could be reflective of homebuyers seeking out more affordable housing options, which has diverted more demand towards units,” Mr Lawless said.

Across the combined capitals, five of the suburbs with the largest house premium are in Sydney, three are in Melbourne and two in Perth.

Lawless said many of the suburbs with the largest house premium are very affluent markets.

“In Sydney the largest premium for a house is at Bellevue Hill with a 525% premium for houses over units.&nbsp; In Melbourne it is Armadale with a 372% premium and in Perth it is Mosman Park with a 431% premium. Homebuyers attracted to these blue-chip suburbs who can’t afford a freestanding home may be attracted to the significantly more affordable price point to get into a high-end suburb,” Mr Lawless said.

<img alt="CL chart" data-entity-type="file" data-entity-uuid="2890b787-a9a7-4306-91c0-91aa2e215fde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-21%20at%206.43.51%20am.png?VersionId=m_2KHWrouRdYpdfXjc7V6U7flkLd0Mjy" />

“Conversely, the suburbs with the smallest differential in price between a house and unit may offer good buying opportunities for those able to stretch themselves to secure a piece of land without the hefty premium we’re seeing more broadly across many parts of our cities. With houses typically yielding a stronger capital gain outcome over time, these suburbs with a lower house premium could be strong investment opportunities.”

Lawless says house prices have moved out of reach for a growing portion of the population, especially those seeking a first home or lower income households.

"With housing affordability remaining a key challenge across Australia, the substantially lower price points across the medium to high density sector are likely to become increasingly in demand as buyers become more willing to sacrifice space for proximity to essential amenities."

"With housing affordability remaining a key challenge across Australia, the substantially lower price points across the medium to high density sector are likely to become increasingly in demand as buyers become more willing to sacrifice space for proximity to essential amenities."

High density sector to become more attractive as gap widens between house and unit prices: CoreLogic

The term unrepeatable is often a term bandied around when talking about some of Sydney’s finest trophy homes that line the harbour in Point Piper. Unrepeatable for their views of Sydney’s finest landmarks, their access to the water, and the fact the land they sit on can not be recreated.

What prominent property developer <a href="/developers/twt-property-group">TWT Property Group</a> has put together in <a href="/developments/pyrmont-nsw-2009">Pyrmont</a> is equally unrepeatable, with their Grande Pyrmont Bay Estate boasting arguably some of the most grandiose house proportions, unrivalled in an inner-city, harbourside suburb.

Almost unfair to call them terraces given their size, the 11 residences that made up Grande Pyrmont were built to the highest standards by iCIRT-rated builder Decode Group in late 2020. A few months later the development won the 2021 Best Low-Rise Residential Development Awards at the Urban Taskforce Development Excellence Awards.

[smartcode_project:default project_id=139957 project_image_fid=251027]

Urban was recently invited on a tour of one of the final two homes in Grande Pyrmont, The Manor, one of the most impressive homes in the collection. What was immediately obvious, and surprising, was the size and scale of the home, in an area known typically for tight terraces houses. It has 1,170 sqm of internal space, not including the 230 sqm of outdoor terraces and balconies, nor the parking for two cars.

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Purposefully unassuming from the front to blend into the 1800s Pyrmont character facades that make the harbourside suburb a historian’s dream, access to the terrace development from Harris Street is through a modest sandstone entry. Of course there’s also direct access from the car park.

[smartcode_project:default project_id=139957 project_image_fid=251047]

In keeping with their commitment to preserve heritage and create something which balances legacy with contemporary, the entry lobby to Grande Pyrmont Bay features a mini museum, with artefacts recovered during the excavation phase of the development. There’s spoons and plates that date back to the 1800s. The excavation also uncovered yellow sandstone, which heritage expert Troy Stratti said will have been there for 200 million years.

On the wall of the lobby is also a timeline, from when the Gadigal aboriginal people inhabited the site as the traditional custodians, to now.

While essentially set just one street back from Harris Street, the terraces have been cleverly designed to block out any noise. Even the extensive outdoor space is more tranquil than traffic. The ground floor, which is the main entertaining level, features a soaring double-height void to one of the upper levels, creating a grand sense of space. Adjoining the living room, which has a striking fireplace, is a luxury bar area, a cinema room, and a sauna and a cellar.

This level opens to the main outdoor entertaining space, complete with outdoor entertaining area, barbecue kitchen, and a swimming pool, set amid landscaping and an elevated viewing-like deck with views across to Barangaroo.

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Up the sculptural staircase, or lift, to even more impressive views to Barangaroo and Darling Harbour. Here there’s another living area, three guest bedrooms, two bathrooms, and a laundry room.

The staircase continues to the yet another living level which homes a lounge, adjoining kitchen,&nbsp;complete with Calacatta Blanco Marble and a butlers pantry as large as most regular kitchens, and a dedicated dining space.

Up another level and there's yet another lounge area, as well as a&nbsp;home office which is positioned at the front of the terrace to take in the extensive views. Two further bedrooms sit privately on this level.

Crowning the home is a 148 sqm whole floor master suite, the sixth bedroom, which comprises an ensuite with a freestanding sculpted bath, and a walk-through wardrobe with dressing room and vanity. Its most impressive feature is the private terrace, complete with a spa and views of the whole of Barangaroo and the Sydney Harbour Bridge.

[smartcode_project:default project_id=139957 project_image_fid=251034]

The commercial grade lift by Kleemann Atlas runs through each of the seven levels, all the way from the top level master suite to the basement level which is ensconced with towering original sandstone, cliff-like walls.&nbsp;

This space has been left empty so a purchaser can use it however they wish. Some have created an ultimate man cave, which are more common in converted garages rather than in a space which actually resembles a cave. A large enough space for a full wellness zone rather than a typical home gym, some of the potential uses discussed can be a wine tasting room, a golf simulator, or a huge private cinema.

<a href="/buildings/grande-pyrmont-71c-harris-street-pyrmont">The Manor at Grande Pyrmont Bay</a> is seeking $23 million and is ready to move in. The option to keep the styled, custom furniture by Coco Republic, is an added extra.

[smartcode_project_cta:default project_id=139957]

Grande Pyrmont: Unrepeatable mansions in the heart of the Sydney Harbour

Prominent Cronulla developer Sammut Group has kicked off construction at its highly anticipated mixed-use development, VUE.

VUE, a transformational project on a 5225 sqm site at <a href="/new-apartments/vue-3-23-kingsway-cronulla">3-23 Kingsway</a>, is set over two eight-storey buildings over a double-storey podium. The development will include 112 apartments, 880 sqm of commercial space and 3000 sqm of retail space including Harris Farm Markets.

The $350 million mixed-use project, to be delivered with venture capital partner Alceon Group, marks a significant milestone for Cronulla, representing the first urban renewal development since Northies Hotel in 1999.

The project is due for completion by late 2025.

[smartcode_project:default project_id=106933 project_image_fid=253675]

<a href="/developers/sammut-developments">Sammut Group</a> Chief Executive Officer Allen Sammut said VUE is set to enhance Cronulla’s coastal identity and future-proof the area for years to come.

“We believe in respecting the history of <a href="/new-apartments/cronulla-nsw-2230">Cronulla</a> while steering it towards a thriving future,”&nbsp;Allen said.

“VUE demonstrates our commitment to preserving the community’s spirit while introducing enhancements that will benefit residents and locals alike.

It’s not about changing what we know and love, it’s about enhancing the area’s unique qualities.”

As Sammut Group’s largest project to date, VUE has attracted a diverse mix of interest with 30 apartments snapped up pre-launch and all one-bedroom apartments are sold out. The overall of the buyer mix has been from&nbsp;local professionals, downsizers and first home buyers.

[smartcode_project:default project_id=106933 project_image_fid=253677]

The 112 apartments are made up of 25 one-bedroom and 30 two-bedroom apartments, the latter starting from $2,115,000. the 51 three-bed units start from $3,215,000. There are just six three and four-bedroom penthouses.

Designed by <a href="/architects/pbd-architects">PBD Architects</a> with interiors by <a href="/interior-designers/mim-design">Mim Design</a>, the project has a resort-style feel featuring a large communal terrace with a pavilion and pool, sauna and open-air gym located at podium level, while street-level landscaping and upgrades to the public domain will bring new vitality to the daily experience of the area.

&nbsp;

[smartcode_project:default project_id=106933 project_image_fid=253676]

Vue Cronulla will be delivered by multi-award-winning, iCIRT-rated construction firm <a href="/new-apartments/vue-3-23-kingsway-cronulla">Decode</a>, who is responsible for more than 33 projects across the full spectrum of sectors including the landmark mixed-use project Burwood Grand, which was recently awarded the 2023 Urban Taskforce Best Mixed-Use Development Award.

Decode Founder and Chairman Sam El Rihani said his team is excited to deliver an iconic project for Cronulla.

“We are honoured to be entrusted with the delivery of VUE, a project that is set to redefine Cronulla’s Northern Gateway and contribute to the area’s transformation,” El Rihani said.

“Sammut Group continues to set the bar for design excellence and VUE is evidence of that, with beautiful architecture and considered design that will benefit the residents and the local community.”

[smartcode_project:default project_id=106933 project_image_fid=253679]

The project sits 500 metres from another major Sammut Group development, PARC, a commercial building and hospitality venue PARC Pavilion which Sammut Group will operate in partnership with leading hospitality group Feros Group.

Sammut Group Chief Operating Officer Julian Sammut said he is thrilled to see the momentum for two significant Sammut Group projects.

“With our PARC development progressing and construction now kicking off at VUE, our vision to ‘bookend’ Cronulla Mall with the highest level of design quality is soon to become a reality,” Julian said.

“We’re excited to see these two very significant projects generate vibrancy and buzz for the area.”

[smartcode_project:default project_id=106933 project_image_fid=253678]

Sammut Group has sold 80 per cent of the commercial suites to locals keen to secure convenient modern office space and continues to field strong enquiries from speciality food and beverage operators looking to neighbour the flagship Harris Farm Markets.

<a href="/project-marketer/highland-project-marketing">Highland</a> CEO David Highland said the strong interest in the residential, retail and commercial spaces at VUE demonstrates the local appetite for a modern and fresh development in a desirable location.

“We’ve seen a consistent flow of enquiries and sales across all components of the development, with locals eager to live or work at VUE and enhance their quality of life,”&nbsp;Highland said.

“To see strong interest in the commercial and retail spaces two years out from the project completion shows how in demand this location is.

“With Sammut Group’s project portfolio predominantly located in Cronulla, prospective buyers and tenants can see Sammut Group’s commitment to elevate the area through its developments, consistently setting out to deliver high-quality spaces with the signature coastal-luxury style.”

[smartcode_project_cta:default project_id=106933]

Highland CEO David Highland said the strong interest in the residential, retail and commercial spaces at VUE demonstrates the local appetite for a modern and fresh development in a desirable location

Sammut Group kick off construction of game-changing Cronulla precinct, VUE

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."

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Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[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.

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Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

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Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

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Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

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Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

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

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