Project marketers in Sydney are expecting a strong 2024 in the off-the-plan apartment development space.

2023 was one of mixed fortunes in Sydney, given the harbour capital boasts the highest median unit price of any capital by some margin. Impact from rising interest rates is understandably felt more when the price of the property is higher. Buyers at what had previously been entry-level, around the $600,000 mark in most areas within 10 kilometres of the city, were being told they might only now be able to spend $500,000, given the rapid rise in interest rates.&nbsp;

There was a lot of sitting on the fence, particularly from the downsizer market who often aren't in a great hurry to list their family home. They see downsizing as more of a necessity and tend to take longer in their purchasing decisions given their next buy will be more their 'forever home' than the last.

Despite some barriers to entry and hurdles to overcome in 2023,&nbsp;positive sentiment is creeping back into the market. Project marketers are saying that prospective buyers are starting to get wise that, off the back of inflation data and forecasts of the first RBA rate cut later this year, the market is about to boom again.

While those drivers tend to be more closely tied to the established market, a boom there will see the price difference between off-the-plan projects and established housing grow further, making it even more difficult than it already is to buy property in Sydney.

There's the belief that 2024 is going to be a good year for the off-the-plan market, driven by buoyed consumer confidence and the growing gap between supply and demand.

CBRE Managing Director Dave Milton said across the board they're seeing a lot of new enquiries from prospective buyers that they haven't spoken to previously.

"There's an uptick of people who have just started looking and will be looking to transact at some point in 2024," Milton says, adding that enquiry is coming from every demographic, even the expat market in some of their more luxury projects.

Milton says there's been strong buyer demand at Deicorp's <a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village</a> in <a href="/developments/norwest-nsw-2153">Norwest</a>, and <a href="/new-apartments/abbies-lane-8-mccarthy-lane-annandale">Abbie's Lane</a> in <a href="/developments/annandale-nsw-2038">Annandale</a>, of which Milton says is assisted by the starvation of stock in the inner-west.

[smartcode_project:default project_id=106821 project_image_fid=169998]

CBRE will be launching Deicorp's new Melrose Park masterplan later this year, a project that Milton says will somewhat help alleviate the current supply crisis Sydney is facing.

<a href="/project-marketer/colliers">Colliers</a> National Director Residential Blake Schulze&nbsp;says buyers have started to enquire, inspect displays, and most importantly transact, since returning from the summer holidays post Australia Day.

"Those that were actively reserving apartments in the lead up to Christmas have now gone through to unconditional sale, while those who were browsing at Christmas are starting to come down to the displays. Then there's a third cohort who are coming in fresh, assisted by the recent economic data suggesting there will be a rate cut later this year."

[smartcode_project:default project_id=139897 project_image_fid=212566]

Schulze says demand has been far-ranging.

"We're seeing demand across a broad selection of projects, which is always a good sign. It's not just certain markets or locations. A whole range of buyer types are now participating in the off-the-plan space."&nbsp;

<a href="/project-marketer/mcgrath-projects">McGrath Projects</a> Associate Director Adam Sparkes, who is marketing <a href="/buildings/grand-reve-castle-hill-8-18-garthowen-crescent-castle-hill">Grand Reve</a> in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a> as well as <a href="/new-townhouses/yarrabee-152-166-narrow-neck-road-katoomba">Yarrabee</a> in <a href="/developments/katoomba-nsw-2780">Katoomba</a> and <a href="/new-apartments/dara-41-43-kildare-road-blacktown">DARA</a> in Blacktown, says all projects, which offer a very diverse range of stock, are getting results.

[smartcode_project:default project_id=94147 project_image_fid=197727]

"We had good enquiry over the holidays and that's now resulting in sales," Sparkes says of all of his projects.

All the three-bedroom plus study apartments at Grand Reve have been sold, the final one being picked up late last year, so now the attention has moved to the four-bedroom apartments.

Downsizers are showing the most interest at Grand Reve, which is on track for completion later this year. iCIRT-rated building DASCO, on behalf of developer Kassis Homes, has nearly topped out one of the two buildings. Sparkes says the later stages of construction tend to draw downsizers compared to the early stages.

"They're typically the later apartments to go when the building is approaching completion, as downsizers can see a firm and more accurate end date on the project. They can start to engage agents, work out the best time to sell, and move into the apartment after the sale of their family home," Sparkes says.

[smartcode_project:default project_id=94147 project_image_fid=203070]

"We've had downsizers start to look at the four-bedroom apartments at Grand Reve, after selling out all of the three-bedroom plus study apartments late last year.

<a href="/project-marketer/ray-white">Ray White</a> Partner Marcello Bo, who is handling sales at <a href="/developers/stargate-property">Stargate</a>'s <a href="/new-apartments/the-centennial-collection-east-sydney-2-nelson-street-bondi-junction">Centennial Collection</a> in <a href="/developments/bondi-junction-nsw-2022">Bondi Junction</a>, says overall sentiment with buyers is stronger.

"In terms of availability, we're still finding it quite limited," Bo says, adding that it's been the higher price stock which has proven the most popular and has been the easiest to sell.

[smartcode_project:default project_id=136076 project_image_fid=212620]

"With talk of interest rates dropping and the fact they're holding is bringing a lot more confidence. The owner-occupier market is healthy, and that confidence will only increase through 2024."

Ray White has just released a handful of two-bedroom apartments facing the park, as well as the last three-bedroom apartments with city and harbour views.

Joel Robinson

How the Sydney off the plan apartment market is faring heading into 2024

The evolution of Robina is set to continue in 2024 with Immerse Projects revealing&nbsp;its eight-storey mixed-use development, Ombré, ahead of the project’s launch in March.

The elevated development at 46 Scottsdale Drive will deliver a collection of 95 one, two and three- bedroom apartments alongside private resident amenities and integrated retail and commercial spaces.

<a href="/developers/immerse-projects">Immerse Projects</a> founder and Managing Director, John Kearney, said <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">Ombré</a> was the latest offering in <a href="/new-apartments/robina-qld-4226">Robina</a> as the suburb evolved into a thriving urban lifestyle hub.

“The Gold Coast market is one of the strongest in the country and the demand for new housing continues to outpace supply,” Kearney said.

“This is especially the case in the local lifestyle market, which has been overlooked in recent years in the race to deliver ultra-luxury projects that are simply out of most people’s reach.

“Ombré goes against this trend by designing from the inside out, embodying a ‘homely’ approach to modern architecture that delivers spacious floor plans, and skyline and hinterland views.

“This supply is essential in a suburb under pressure with a vacancy rate of just 0.5 per cent.”

[smartcode_project:default project_id=143341 project_image_fid=251416]

While pricing has not yet been released, a portion of apartments at Ombré have been priced below $750,000, well suited to first home buyers who can take advantage of the new $30,000 FHOG.

Read more:&nbsp;<a href="/news/qld/queenslands-first-home-owner-grant-doubles-to-get-more-first-home-buyers-into-the-property-market">Queensland's First Home Owner Grant doubles to get more first home buyers into the property market</a>

Kearney said development opportunities were becoming increasingly rare in Robina as the suburb’s rapid transformation approached a new phase of maturity with an Olympic Village to be built and the Robina Parklands Greenheart underway.

“Ombré’s distinctive design brings Brisbane City-style sophistication to an urban landmark specifically designed with the central Gold Coast market in mind,” Kearney said.

“It will become a signature landmark in the area, building on the history of Robina and connecting residents, visitors, and neighbourhoods with considerable and convenient amenities. There is no project like it, and no similar apartments available on the Gold Coast.”

[smartcode_project:default project_id=143341 project_image_fid=251417]

Kearney said leading contract builder <a href="/builders/greyburn">Greyburn</a>, of which he is also Managing Director, had been appointed to deliver the project after the team recently completed Robina Grand, a nine-storey building with 73 units.

“Greyburn Constructions is the exclusive contract builder for Immerse Projects and this association brings local experience, a trusted 30-year history, and capacity to deliver. It’s advantageous for both companies, and our purchasers, creating alignment between the development and construction outcomes and driving confidence in completion.”

[smartcode_project:default project_id=143341 project_image_fid=251420]

Located close to major retail, education and employment centres and well connected to the Gold Coast’s beaches, Kearney said Ombré would give its residents endless opportunities to live life in their own way.

Designed by BDA Architecture, Ombré features a mix of one, two and three-bedroom apartments. Private resident amenities include a residents’ lounge, function room, games room, spacious pool and landscaped outdoor spaces.

Construction of Ombré is expected to begin in May.

[smartcode_project_cta:default project_id=143341]

Designed by BDA Architecture, Ombré features a mix of one, two and three-bedroom apartments

Immerse Projects reveal Ombré Robina apartments

Sherpa Property Group has appointed LPS Group to build its luxury Palm Beach apartment, Perspective Nexus.

Appointing a builder to the project, which is now fully approved by council, comes on the heels of Sherpa edging towards a 50 per cent sellout after securing contracts totalling $48 million.

LPS Group only works with a small number of key developers to ensure the successful delivery of quality projects.

[smartcode_project:default project_id=108324 project_image_fid=228359]

“Receiving development approval and having a reputable builder locked in and ready to go marks a significant milestone for <a href="/new-apartments/palm-beach-qld-4221">Perspective Nexus</a>, affirming its journey from vision to reality,” Sherpa Property Ground founder Christie Leet said.

Leet says LPS Group is one of Queensland’s most accomplished builders and a perfect partner to bring Perspective Nexus to fruition.

“LPS Group shares the same ‘less is more’ approach that we take with our business,” Leet said.

“We only take on the work we can handle which allows us to focus on delivering a quality finished product and in LPS we are partnering with a builder that fully understands our vision for Nexus.”

LPS, which is currently progressing construction of Siera's&nbsp;<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis at Bilinga</a> on the <a href="/developments/gold-coast-qld">Gold Coast</a> after completing Bide at <a href="/developments/newstead-qld-4006">Newstead</a> in Brisbane’s inner north, prides itself on engaging in all aspects of a project’s life cycle.

[smartcode_project:default project_id=108324 project_image_fid=250147]

“We’re very excited to be involved in Perspective Nexus and we’re pleased to be partnering with Sherpa which has an industry reputation for creating developments that stand the test of time,” says LPS Director Mark Short.

“After working closely with Sherpa in the lead-up to our appointment as builder, we are confident that with Nexus we will be delivering an iconic residential development for the southern Gold Coast.”

<a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a>, the product of a detailed design process led by HAL Architects, will rise on a 1,583 sqm site at 949-953 Gold Coast Highway, <a href="/new-apartments/palm-beach-qld-4221">Palm Beach</a>.

The nine-storey project will deliver an exclusive collection of 32 spacious apartments, including two half-floor penthouses and three sky homes with their own private rooftops.

Perspective Nexus residents will share in a wide range of luxurious communal amenities, including a dedicated wellness space with features such as a cold plunge pool, sauna, magnesium pool and steam room with internal stairs down to the residents’ recreational space which includes a spa, pool, private dining and wellness garden.&nbsp;

[smartcode_project:default project_id=108324 project_image_fid=231830]

The project will also boast 79 car parks for both residents and visitors, electric car charging stations, individual apartment storage, car wash bay, parcel delivery storage, including cold store and more.&nbsp;

Perspective Nexus builds on an impressive portfolio of projects by Sherpa Property Group and is the 12th undertaken by the company in the Gold Coast region.

Leet said the strong market response from buyers, predominantly locals, following the official launch of the project in December has prompted Sherpa to fast-track construction.

“After securing contracts for half of the residences, and several prospective buyers sitting on the sidelines, we are looking forward to commencing construction soon."

Construction is planned to start in the first quarter of 2024 for completion in the third quarter of 2025.

[smartcode_project_cta:default project_id=108324]

Construction is planned to start in the first quarter of 2024 for completion in the third quarter of 2025

Sherpa appoints builder for fully approved Perspective Nexus, Palm Beach apartment development

TWT Property Group has appointed Westbourne Constructions as the builder for stage one of their transformative St Leonards mixed-use precinct, The Collective

<a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>, 23-35 Atchison Street, stands as a cornerstone of TWT Property Group’s visionary plan to revitalize the <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a> area, with the $1 billion project encompassing around 13,000 sqm of prime real estate.

Construction for The Collective's first stage is scheduled to commence in the third quarter of 2024, with the project slated for launch in mid-2024.

The inaugural phase of The Collective will introduce 93 residences ranging from one to four-bedroom configurations. The low-density design has been created by Team2 Architects and interiors by DBI.

Situated in of St Leonards, The Collective sits in a convenient pocket in St Leonards on Atchison Street, near both the Metro and train stations.

Part of the development will be the&nbsp;Creative Precinct initiative, which <a href="/developers/twt-property-group">TWT</a> will integrate into the wider masterplan.

<img alt="TWT" data-entity-type="file" data-entity-uuid="3d2174d5-2ef3-47db-b3ff-315deb754dd8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-16%20at%208.58.50%20am.png?VersionId=m2IjuQ6nfm3aJiHtU7IfS6xGyqRarfrp" />

&nbsp;

Westbourne Constructions, which has been operating for over 20 years, has won&nbsp;multiple Master Builders Association Excellence in Construction Awards and the prestigious Urban Taskforce Development Excellence Award for Adaptive Re-Use.

Gavin Zhang, Director&amp; General Manager of TWT Property Group said the partnership isn't just about constructing homes, it's about sculpting environments that elevate and enrich lives.

"Westbourne Constructions' commitment to quality and their proven track record in delivering world-class, award-winning residential projects make them the ideal partner for The Collective."

TWT Property Group has a rich history of transformative developments, including Grande Pyrmont Bay Estate, NewLife Bondi Junction, NewLife Darling Harbour, and T1 St Leonards.

Construction for The Collective's first stage is scheduled to commence in the third quarter of 2024, with the project slated for launch in mid-2024

TWT appoint Westbourne Construction to build first stage of $1 billion St Leonards masterplan, The Collective

The Gold Coast off the plan apartment market is expected to run similarly to how it went in 2023.

Supply is still expected to be the biggest challenge, while demand is anticipated to continue to be strong, considerably strong enough to outstrip supply.

There is confidence there will be new supply however, with developers getting to a point where they think they can manage the now stable build costs, given the price of apartments is now higher.

Last year the Gold Coast was the best performing unit market in Queensland outside of Brisbane, according to property data analytics firm CoreLogic. The unit market rose 10.8 per cent over 2023, to a new median $727,000.

CoreLogic's latest Hedonic Home Value Index reported another 0.6 per cent gain in the Gold Coast unit market in January.

Unit demand showed strength the deeper into 2023. Urbis reported <a href="/news/qld/gold-coast-apartment-sales-jump-in-q3-2023-urbis">sales jumped in Q3 2023</a>, from 200 in Q2 to 470 in Q3.

Urbis Director Paul Riga said&nbsp;the majority of sales were centred around the traditional apartment precincts of&nbsp;<a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>,&nbsp;<a href="/developments/broadbeach-qld-4218">Broadbeach</a>&nbsp;and&nbsp;<a href="/developments/main-beach-qld-4217">Main Beach</a>&nbsp;– while the remainder of sales along the&nbsp;<a href="/developments/gold-coast-qld">Gold Coast</a>&nbsp;were limited due to a lack of new projects.

Jack Leamon, Transactions and Development Associate at burgeoning Gold Coast development firm <a href="/developers/siera">SIERA</a> who is currently in the construction phase of their <a href="/new-apartments/chevron-island-qld-4217">Chevron Island apartment development</a> <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a> and their luxury <a href="/new-apartments/bilinga-qld-4225">Bilinga</a> beachfront project <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a>, says the broader&nbsp;<a href="/new-apartments/gold-coast-qld">Gold Coast region</a> has gone from strength to strength in recent years, buoyed by the maturing economy and growth in the property market.

"Facing a surge in demand from all of local, interstate, and international buyers has further amplified the diminishing supply of available properties in the market, as many projects face uncertainty or delays," Leamon says.

"This trend was a key feature of 2023 and while it shows little sign of letting up in 2024."

Late last year SIERA brought construction in house to start the build at Tapestry, while simultaneously kicking off construction with LPS Group at Pipis in a sign of confidence to both those who have already purchased as well as prospective buyers.

[smartcode_project:default project_id=138311 project_image_fid=217334]

Pipis sits right on the Bilinga beachfront on Golden Four Drive and comprises just 17 luxury apartments across an 11-level building, a building height which is unlikely to be replicated on the beachfront.

The project, designed by Ellivo Architects, features luxury resident amenity in the form of a 15-metre heated lap pool and sun lounge deck area, a fully equipped gym with rowing, biking and reformer Pilates, and an outdoor rain head shower and a dog wash.

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>

pipi[smartcode_project:default project_id=138311 project_image_fid=217340]

Tapestry is SIERA's debut Gold Coast apartment development, following a decade of developing boutique townhouse projects in Brisbane's inner-ring.

The 22-storey sculptural tower has been designed by local architecture firm BDA as a ‘cultural continuation’ of the neighbouring HOTA precinct.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Tapestry’s rooftop delivers more than 700 sqm of separate recreation zones for residents to relax, connect and engage in the elevated landscape. It includes a private dining space and kitchen, lounge and fire pit, yoga lawn, pool, spa and sundeck, barbecue and alfresco area, gym, sauna, steam room, and lounge area separated by extensive landscaping.

[smartcode_project:default project_id=108641 project_image_fid=192963]

Morris Property Group is also reporting a strong start to the year, despite the wet weather across South East Queensland.

Morris Property Group's COO and construction director James Morris said that while the wet weather&nbsp;deterred in person appointments, particularly those who were intending on travelling from interstate, however online enquiry was as strong, if not stronger than ever.

"Now we're working our way through that enquiry which is turning into appointments now the wet weather has passed," Morris said.

[smartcode_project:default project_id=112024 project_image_fid=241132]

"There’s good sentiment in the market on the Gold Coast, and we can supply further confidence being a builder developer which are two words buyers want to be reading.

"Good projects in good locations will do well in 2024," Morris added.

"There needs to be great amenity not only in the building, but in the immediate area. That’s what we’ve seen in our two under construction projects in Broadbeach, which provide both quality owner-occupier product in an area arguably unmatched in the Gold Coast."

Morris <a href="/news/qld/morris-property-group-taps-into-owner-occupier-market-with-crest-broadbeach-apartments">recently launched Crest</a>, their <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">40-level tower on the sought-after Armrick Avenue</a>, fronting the Broadbeach Bowls Club.

<a href="/news/qld/morris-property-group-taps-into-owner-occupier-market-with-crest-broadbeach-apartments">Why Crest Broadbeach sits in one of the Gold Coast's best pockets</a>

Crest comprises 184 two and three-bedroom apartments designed by&nbsp;Guida Moseley Brown. A maximum of five apartments per floor, Crest also features extensive amenity on top of the building’s podium on level two. Wrapped with terraces with seating and dining areas, this space features a pool, gym, lounge area and a communal barbecue area.&nbsp;

[smartcode_project:default project_id=112024 project_image_fid=241133]

Heading into 2024 having done a lot of heavy lifting in 2023 is Immerse Projects, who has just launched its latest residential development and will launch another approved project later in the year.

The newest project, <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">Ombre Robina</a>,&nbsp;will offer one, two and three-bedroom apartments designed by BDA Architecture at&nbsp;<a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">46 Scottsdale Drive</a>, ideally located a stone's throw from the <a href="/new-apartments/robina-qld-4226">Robina</a> Town Centre.

[smartcode_project:default project_id=143341 project_image_fid=251415]

<a href="/developers/immerse-projects">Immerse Projects</a> Founder and Managing Director Jon Kearny says he has great confidence in the SEQ property market, from which he's seen in both his current projects for Immerse and his building contractors for his longtime construction firm Greyburn.

"I have great confidence in the SEQ property market underpinned by strong interstate migration for both lifestyle and job opportunities," Kearney says.

"I envisage further growth in Kirra, where we’re building Rhythm Kirra Hill and where we have another project coming later this year.

"Any new projects need to reset to higher prices to cover the increased cost of delivery."

[smartcode_project:default project_id=143341 project_image_fid=251416]

Kearney says he's seen a spread of demographics across his projects, with the age of buyers ranging from 30 through the mid-70s.

Locals have shown considerable interest at Ombre in the pre-launch phase. Kearney says that's come from locals who are wanting to live in a next generation modern building and those who are looking to downsize.

City Beat February 2024: How the Gold Coast off the plan apartment market is shaping up in 2024

GURNERTM has unveiled the next project to sit under its Boutique portfolio, the $40m Cambridge Place collection in <a href="/developments/collingwood-vic-3066">Collingwood</a>.

<a href="/new-apartments/cambridge-place-2-12-cambridge-street-collingwood">Cambridge Place</a> will deliver six apartments, described as "mansion apartment living", with the design by longtime <a href="/developers/gurner">Gurner</a> collaborator <a href="/architects/warren-and-mahoney">Warren and Mahoney</a> inspired by Milan's world-renowned architecture hotels.

Residents of the half or whole-floor apartments will be welcomed home by a grand secure entrance, reminiscent of the most opulent residences of Milan, with characteristic mosaic tiling, a custom chandelier and sweeping curved staircase.

<img alt="Cambridge" data-entity-type="file" data-entity-uuid="21739034-194a-4c41-b435-3a417b13fd60" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-09%20at%202.12.40%20pm.png?VersionId=7JGwiGuzNsb1el3NbBAtRrfIp.NDYnTl" />

Cambridge Place interiors have been optimised so the residences open onto enlarged landscaped terraces, while the penthouse apartment features a wrap-around garden terrace with a verdant oasis, curated to offer a hidden sanctuary of green tranquillity.

The upper floor at Cambridge Place will be one of Melbourne's finest penthouses.

This two-story penthouse with a near 250 sqm terrace garden includes a wellness room, sculptural internal staircase and a private lift, as well as an expansive master suite with a dressing room and ensuite, opening to the outdoor.

<img alt="Cambridge Place" data-entity-type="file" data-entity-uuid="34a0e2a0-c3a7-4e4f-860d-325a5fc9f1ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-09%20at%201.53.44%20pm.png?VersionId=Z9_9xHtTBGJkDk6t2Ve4Hf1bncaMOQe6" />

GURNERTM's Boutique collection will offer access to GURNERTM’s own in-house design director Simon Brugaletta, who brings nearly two decades of experience to the team. Brugaletta has worked for practices all over the world including Milan, Malta and Hangzhou, China.

It was Simon’s decade of living and working in Milan that underpinned his adoration of the sophistication, style and craftsmanship of Milan’s world-famous Palazzo Parigi hotel – meaning that when Tim Gurner came asking for a hotel recommendation, Brugaletta knew just where to send him.

<img alt="Cambridge" data-entity-type="file" data-entity-uuid="a8c9fb4b-0f73-42df-9c2a-cac9e9c35df2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-09%20at%201.55.11%20pm_0.png?VersionId=.5BoAIoy4Cvg2vzw7mD2AMOpI4w5Spz2" />

Residents of Cambridge Place will also enjoy exclusive access to the nearby members-only Saint Haven private club, where memberships are not only sold out but oversubscribed. As part of Gurner Group's exclusive club, members can indulge in the latest science-backed wellness, anti-aging, and holistic treatments, further enhancing the lifestyle offered by Cambridge Place.

Prices at Cambridge Place will range between $3.15 million and $10.75 million. Apartments start from 210 sqm.

Brugaletta said Cambridge Place has been designed to be timeless and sophisticated, with architecture that will complement the surrounding area as it stands today, and the Cambridge Street that will evolve over the decades.

“I lived and worked in Milan for almost a decade, so when Tim came to me and asked for a hotel recommendation for his trip I knew that he would fall in love with the style and elegance of the Palazzo Parigi – which is one of my favourite places in the city," Brugaletta said.

“From its grand entrance, custom chandelier and spiral staircase right through to its Italian stone, marble-wrapped spaces and exquisite joinery, every detail at Cambridge Place has been carefully considered to deliver the timeless elegance of Europe’s most beautiful cities."

<img alt="Gurner" data-entity-type="file" data-entity-uuid="a921aed8-0996-413a-9e2f-658058a1c0ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-09%20at%202.14.38%20pm.png?VersionId=YumHtrCWNWZIUcssOa9mOkTE_GFy1k6L" />

Tim Gurner says when he visited&nbsp;Milan, the Palazzo Parigi sparked incredible inspiration.

"I am really looking forward to bringing some of its grand features and old-world-charm to Cambridge Street," Gurner said.

“Our clients love the Collingwood lifestyle, they love the walkability to Melbourne’s best restaurants and gardens, but want the opulence and grandeur of a grand eastern-suburbs home. We have crafted Cambridge Place to create the best of both worlds."

Prices at Cambridge Place will range between $3.15 million and $10.75 million. Apartments start from 210 sqm.

GURNER to launch VIP campaign for luxury Collingwood apartment development, Cambridge Place

A Coles supermarket facing Ramsgate Beach is set to be replaced by a new apartment development.

The Coles and accompanying car park has occupied the prime 4,480 sqm block at <a href="/new-apartments/riviera-ramsgate-beach">277 The Grand Parade</a>, on the corner of Ramsgate Road and facing Botany Bay, for a number of decades.

The $50 million plans to demolish the current Coles building and build a six-level apartment building have been submitted by high-end Sutherland Shire developer <a href="/developers/bronxx">Bronxx</a>, directed by Ciaran Goodman.

Bronxx is behind the likes of the award-winning Oasis project in Cronulla and Acqua and Omnia, both also in Cronulla.

<img alt="Bronxx Ramsgate" data-entity-type="file" data-entity-uuid="e11fb56c-62a9-4ce7-944b-9acba5e24b4d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-08%20at%208.32.09%20am.png?VersionId=EnxzLmQgtKIqxdAqMlmOPGQVbkMz6LAA" />

The new <a href="/developments/ramsgate-beach-nsw-2217">Ramsgate Beach</a> project will have 44 apartments, each with double garages. There will be just the four two-bedroom apartments and 40 three-bedroom apartments on offer.

Coles will be coming back to the site once it's developed. They'll be taking the new 2,270 sqm retail space on the ground level, while there will be a further 279 parking spaces primarily for Coles customers.

Bronxx has had Craft Architecture design the project which is located in one of the most sought after spots in Ramsgate Beach. The development will sit opposite the Sans Souci Beach Walking Path and is only a few hundred metres from Ramsgate Beach House, the Ramsgate RSL Memorial Club and Tonbridge Street Reserve.

The new Ramsgate Beach project will have 44 apartments, each with double garages

New Ramsgate Beach apartment development to replace Coles supermarket

Coffs Harbour, the popular tourist hotspot on the New South Wales North Coast, is set for a rare new apartment development.

Plans have been filed by Canberra-based developer <a href="/developers/core-developments">Core Developments</a> for a two-building, 80-apartment development across a 3,055 sqm site at <a href="/new-apartments/69-73-ocean-parade-coffs-harbour">69-73 Ocean Parade</a>, the dress circle street facing the ocean.

<img alt="Coffs Harbour" data-entity-type="file" data-entity-uuid="04a813d0-84b2-4e75-831f-4bcab0f2b331" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-08%20at%207.55.24%20am.png?VersionId=c11DJB5HONDQNtf36W0MQsG7zaLkbXDg" />

The buildings on the site, which includes the Ocean Park Motel and Holiday Apartments Motel, will be demolished to make way for the Stewart Architecture-designed building which will comprise 31 one-bedroom apartments, 36 two-beds, and 13 three-bed units.

There will be 1,150 sqm of communal open space, as well as 121 resident and visitor parking spaces across the basement and podium levels.

Three pedestrian access points have been incorporated into the development. Each building features a primary entrance leading to a centralized lobby and lift core, while all units on the ground floor will have their individual entry point from the street.

<img alt="Coffs" data-entity-type="file" data-entity-uuid="8259a0ec-9fb1-4d37-82db-65c46f158a80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-08%20at%207.55.09%20am.png?VersionId=uu8Ilsur2UCds6q7NQVnfpUKXYPvccGZ" />

The seven-level buildings offers two communal open spaces. The central courtyard communal podium and pool area is located on level one. The 770 sqm will have a swimming poo, lounge spaces, a fully rquipped kitchen

Crowning the building will be a 380 sqm rooftop garden with extensive landscaping and another fully equipped kitchen.

The building will sit in a sought-after pocket on Ocean Parade, across the road from&nbsp;The Park Beach Hotel and the popular pub Hoey Moey, as well as the Park Beach Bowls Club.

"The form and external appearance of the development significantly enhance the quality and amenities of the immediate public domain, particularly considering the site's prominent location along Ocean Parade," the documentation submitted by Urbane Studio as part of the application noted.

"Each ground-floor unit features its own individual entry and directly addresses the street, complemented by a landscaped courtyard. Furthermore, the formalization of the rear laneway is anticipated to make a substantial contribution to further improving the public domain."

The building will sit in a sought-after pocket on Ocean Parade, across the road from The Park Beach Hotel and the popular pub Hoey Moey, as well as the Park Beach Bowls Club

First look: Coffs Harbour set for new off the plan apartment development on Ocean Parade

Buyer interest continues for MRCB International’s Gold Coast project 26 Vista, as it attains another record-breaking quarter surpassing&nbsp;$170 million in total sales.

Since launching to market in early 2023, the success of <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>&nbsp;in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> is credited to the large demand from interstate buyers, which has positioned the project as the top choice for buyers looking to purchase in Queensland.

Despite the current market fluctuations, strong interest in the purchasing of luxury apartments on the Gold Coast continues to remain, especially topped with the recent surge in local downsizer inquiries since MRCB secured funding from Malaysian financial institution MBSB Bank in June 2023.

Urban Activation's CEO and lead sales agent Matt George said buyers&nbsp;from <a href="/developments/brisbane-qld">Brisbane</a>, <a href="/developments/melbourne-vic">Melbourne</a> and <a href="/developments/sydney-nsw">Sydney</a> continue to show keen interest in 26 Vista.

"We anticipate the increase in downsizers to progress,” George said.

[smartcode_project:default project_id=112730 project_image_fid=211248]

26 Vista also pioneers as the future of sustainability on the <a href="/developments/gold-coast-qld">Gold Coast</a>, fast securing itself as the ‘Greenest Tower on the Gold Coast’, <a href="/news/qld/mrcb-and-outbound-team-up-for-ev-car-sharing-partnership-in-gold-coast-first">exclusively offering EV car sharing with Outbound</a>, setting a new standard for residential buildings on the Gold Coast.

Buyers have been drawn to the lifestyle on offer at 26 Vista, with its lush private rooftop gardens and sky-high residents' lounges, providing 360-degree views of South East Queensland, along with offering a hotel-styled wellness precinct featuring a state-of-the-art gym, outdoor yoga space, outdoor pool and spa, sauna and a steam room.

[smartcode_project:default project_id=112730 project_image_fid=211258]

MRCB International CEO, Ravi Krishnan, is delighted by the influx of interest in 26 Vista, stating it's a true testament to the commitment that MRCB shows in each of their projects.

“We are committed to setting new benchmarks in residential developments, making the choice to introduce the groundbreaking vision of 26 Vista to the Gold Coast Skyline," Krishnan said.

"In designing 26 Vista, our aim was to mirror the dedication we bring to all our projects, carefully crafting a sustainable yet prestigious living experience for both current and future residents of Surfers Paradise. We firmly believe that 26 Vista is poised to emerge as the greenest tower on the Gold Coast skyline, whilst upholding a heavy focus on luxury and top-tier finishes."

[smartcode_project:default project_id=112730 project_image_fid=209972]

Urban Activation predicts 2024 will maintain the strong momentum of 2023.

Matt George forecasts $200 million in sales for the next quarter of 2024. The current buyer demographic for the Gold Coast remaining financially stable, as well as the forecasted interest rate reductions in late 2024, coupled with continued undersupply of premium apartments on the Gold Coast are all anticipated to drive sales momentum with massive demand.

"Buyers are recognising the unparalleled value in the beachside location and the unprecedented level of finishes that 26 Vista brings to the Gold 
Coast," George said.

"As we get closer to breaking ground on site, we've seen increased enquiries, for our range of three and four-bedroom apartments which all capture panoramic views over the Gold Coast."

Construction for 26 Vista is set for late 2024, with a builder to be named in the coming months.

[smartcode_project_cta:default project_id=112730]

Construction for 26 Vista is set for late 2024, with a builder to be named in the coming months

MRCB's 26 Vista, Surfers Paradise apartments over 50% sold as sales reach $170 million

Frasers Property Australia is officially transitioning up the iconic Keperra hillside with the second release of elevated homesites at The Quarry to meet buyer demand, as purchasers embrace the opportunity to live in one of the largest urban transformations in Brisbane’s history.

Spanning 48.7 hectares just 9.5 kilometres from the CBD, the $500 million masterplanned precinct is transforming the <a href="/developments/keperra-qld-4054">Keperra</a> Quarry into Brisbane’s most elevated community, featuring a mix of about 500 home and land sites, Rothelowman designed terrace homes, extensive placemaking and shared resort style amenity.

Scott Ullman, General Manager Queensland Development at <a href="/developers/frasers-property">Frasers Property Australia</a>, said interest on release two remained strong and featured a selection of 20 level lots, ready for home construction in by mid-2024.

Read more: <a href="/news/qld/first-look-exclusive-frasers-plans-revealed-for-keperra-quarry-site">First look exclusive: Frasers plans revealed for Keperra Quarry site</a>

[smartcode_project:default project_id=141197 project_image_fid=228242]

“Release Two is the first collection of homesites that transition up the hillside of The Quarry and with that comes sweeping views of the D’Aguilar Range and beyond,” Ullman said.

“It’s also positioned close to the recently completed cliffside staircase lookout, which has become a popular exercise destination akin to the iconic Kangaroo Point Cliffs, and only a two-minute walk to ClubQ.

“ClubQ is the heart of The Quarry community, offering elevated, luxury resort style amenities for residents to relax, indulge and entertain, including an entertainer's kitchen, dining room, event spaces, library and work zones”.

[smartcode_project:default project_id=141197 project_image_fid=228247]

Other ClubQ amenities include a 25m lap pool with an adjoining sun deck, sunset lounges and a generous green oval ideal for family occasions. Two additional resort-style walk-in pools with an integrated waterfall and kids splash and play area, and a private wellness centre featuring a fully equipped gymnasium and meditation room will form part of the precinct’s future amenity.

Ullman said future homeowners would be immersed in the landscape and history of The Quarry, while at the same time contributing to the rewilding of the hillside.

“More than 40 per cent of the community is dedicated to existing bushland and newly curated green spaces, resident amenities and nature play spaces, alongside more than 100,000 new plants and trees in a true mission towards regeneration,” he said.

“Homes will front tree-lined streets and beautifully curated landscapes. It will be unrecognisable as a quarry in the fullness of time.”

Read more:&nbsp;<a href="/news/qld/frasers-unveil-500-million-the-quarry-masterplan-in-keperra">Frasers unveil $500 million The Quarry masterplan in Keperra</a>

[smartcode_project:default project_id=141197 project_image_fid=228242]

Located in Brisbane’s north-west, Keperra is an established suburb with strong demand for new housing supply due to its proximity to leading schools, healthcare and major transport infrastructure.

The existing Keperra Quarry, which mines granite, has operated for more than 60 years and will progressively curb operations as the development of the residential stages advance.

The lots in release two are priced from $585,000.

[smartcode_project_cta:default project_id=141197]

The existing Keperra Quarry, which mines granite, has operated for more than 60 years and will progressively curb operations as the development of the residential stages advance

Frasers launch second land release at The Quarry

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