Builder developer Habitat Development Group has officially commenced construction on their latest Sunshine Coast apartment development, St Clair.

The builder developer has turned the first sod at the near 9,000 sqm Waterside Retreat site, the last east facing, absolute waterfront site on <a href="/new-apartments/birtinya-qld-4575">Birtinya</a> Island overlooking Lake Kawana.

<a href="/new-apartments/st-clair-birtinya-930-931-waterside-retreat-birtinya">St Clair</a> will comprise two eight-level buildings with 200 apartments.

Read more:&nbsp;<a href="/news/qld/on-lake-kawana-and-next-to-bokarina-beach-st-clairs-ideal-waterside-location-in-birtinya">On Lake Kawana and next to Bokarina Beach: St Clair's ideal waterside location in Birtinya</a>

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<a href="/developers/habitat-development-group">Habitat Development Group</a> Managing Director, Cleighton Clark, said the team is&nbsp;thrilled to be commencing construction of the landmark project.

"The past few years have been difficult for the development and construction industry but we are beginning to see pricing on building materials stabilise and thanks to our strong track record on the coast, we have a great pool of local subcontractors who will help us make this project a reality," Clark said.

"With rental vacancy at an all time low and very few residential projects underway on the Sunshine Coast, we feel this is a great opportunity to help ease the current housing crisis."

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In a boost to the local construction sector, between 350-400 workers will be on site during the construction phase.

St Clair has been architecturally designed to capitalise on its prime waterfront location which includes ocean views across Lake Kawana to the east and hinterland views to the west.

Residents at St Clair will enjoy a range of resort style facilities such as a 25-metre resort style pool with shallow water wading and loungers, and a barbecue pavilion and fire pit area.

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There will also be an&nbsp;exclusive residents’ dining room with a 16-seat dining table, chef’s kitchen and private outdoor entertaining terrace, as well as a&nbsp;1,000 sqm private parkland with a fire pit, BBQ facilities, and direct access to the Lake Kawana esplanade.

A rooftop terrace on level nine will feature an outdoor kitchen and more BBQ facilities, along with numerous seating and lounging areas with sunrise and ocean views over <a href="/developments/bokarina-qld-4575">Bokarina</a>, as well as sunset vistas across the hinterland.

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Birtinya has become one of the region’s true property hot spots with excellent proximity to the Sunshine Coast University Hospital as well as to the Stockland Birtinya shopping centre which features a flagship Coles and ALDI supermarket and some 40 specialty retailers along with a variety of food and entertainment options.

Read more:&nbsp;<a href="/news/qld/why-birtinyas-newest-off-the-plan-apartment-development-st-clair-stacks-up-for-investors">Why Birtinya's newest off the plan apartment development St Clair stacks up for investors</a>

“We are very pleased to hear that the former NightQuarter precinct at Birtinya is set to be revitalised into a family friendly entertainment precinct under a new name, The Station," Clark added.

"It’s an exciting addition to the local entertainment industry."

Over 50% of stage one of St Clair apartments has already been sold, with prices ranging from $749,900 to in excess of $3 million for one of the penthouses.

Construction is due for completion in late 2025.

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Over 50% of stage one of St Clair apartments has already been sold, with prices ranging from $749,900 to in excess of $3 million for one of the penthouses

Joel Robinson

Habitat Development Group kick off construction at Birtinya apartment development, St Clair

The Brisbane CBD is set for one of its largest ever residential towers.

Legendary Japanese architect <a href="/architects/koichi-takada-architects">Koichi Takada</a> is set to put his stamp on the CBD with the recent plans for <a href="/new-apartments/25-mary-street-brisbane">25 Mary Street</a>, a 71-level residential tower.

At 264 metres, the new tower will be up there with the 270m Brisbane Sky Tower and the 264m <a href="/buildings/the-one-residences-brisbane-8-adelaide-street-brisbane">The One Residences</a> by <a href="/developers/shayher-group">Shayher Group</a>.

<img alt="25 Mary Sreet" data-entity-type="file" data-entity-uuid="2454b859-74e7-4a64-8c88-4290575b8b73" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-07%20at%2011.34.00%20am.png?VersionId=NDiuvX0la8aGntLNFwwIpCtEA1YK1.AP" />

The plans by developers James and John Kaias's development company KS Property are for 527 one, two, three and four bedroom apartments, set above eight basement levels and five podium levels which will home 469 car parking spaces and 508 bicycle spaces.

Takada says in the Urban Design Report submitted to the Brisbane City Council that the building&nbsp;is intended to become a landmark unique built form with several curved elevated urban parks.

"The tower will contribute positively to the rapidly evolving Brisbane city skyline as an examplar of subtropical tower design."

<h2>The Site</h2>

The new project will sits on a 2,736 sqm block across 25 Mary Street and 98 and 98A Margaret Street, two streets away from the Brisbane City Botanic Gardens and a street away from Queens Wharf Brisbane.

It directly adjoins the Unilodge campus apartment building, as well as the Metro 21 apartment building and the 23-level commercial office building Mineral House.

<h2>The Apartments</h2>

The 527 apartments will be broken down as follows:

<ul>
	<li>187 one beds (35%)</li>
	<li>154 two beds (29%)</li>
	<li>168 three beds (32%)</li>
	<li>18 four beds (3%)</li>
</ul>

<h2>The Recreation</h2>

There will be over 4,000 sqm of communal recreational area throughout the building.

Level six and seven will cater for the whole building, with facilities such as a pet spa, yoga rooms, float therapy, sauna, spa, gym, basketball court, climbing wall, barbecue area, semi outdoor terrace, lap pool and private dining space.

Level 23 will feature a business centre with an open air lawn space with barbecues, golf simulator, library with two lounges and two landscaped terraces, two dining rooms with kitchens, a multi purpose room.

Exclusive to the sky-rise collection of apartments, level 39 will hav a swimming pool and spa, a full wall of barbecues, another lounge and library space, a dining room and a personal training room.

<img alt="25 Mary " data-entity-type="file" data-entity-uuid="647aa14b-af50-4345-bb8d-89ad7c03a644" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-07%20at%2011.31.54%20am.png?VersionId=fFYwLIKXvXNud4XrD.k.aqpsiOdYUbQZ" />

The penthouse collection apartments also get their own level of amenity. Level 66 will home the sky wellness hub, with hot and cold&nbsp;plunge pools, a lap pool and spa, more lounge and library space and dining rooms, another private personal training room, and a meeting room.

"The design provides high quality and considered public open space for residents at multiple levels staggered vertically through the building," Koichi Takada Architects noted in their submission.

"The recreation levels incorporate a variety of sheltered and shaded seating areas and communal open spaces. These spaces have all been carefully designed with consideration of visual impact from the street, including lighting and feature artwork to the soffits. The recreation levels edges are sculptural in plan, projecting further past the typical tower facade align to create special spaces."

<h2>The Design</h2>

Koichi Takada Architects said the design&nbsp;of the tower draws inspiration from nature.

"The height of the proposal naturally invokes the impression of a tree trunk extending up into the sky, with the recreation levels as ‘nests’ that are inserted vertically throughout the height of the building," the report noted.

"The materiality of the building seeks to emphasise this connection by making use of warm timber tones to the slab soffits. The rippling organic forms of the recreation level ‘nests’ serve the dual purpose of providing visual breaks to the massing and bulk of the proposal while also clearly defining and giving an identity to each of these spaces. Feature artwork to the soffits of the recreation levels provide further visual interest that can be seen both from street level and from afar.

"The feature roof canopy not only provides shade but also acts as an architectural crown to create an interesting visual form in the skyline that can also be lit up at night. The sculptural forms of the recreational floors create a rhythmic interplay and provide large, sheltered gardens in the sky."

<h2>The Balconies</h2>

Takada says the proposal introduces a unique offering to Brisbane - truly breathable balconies at high level, comparing the breathable balconies to those found in Greenland's Greenland Centre on Sydney's Bathurst Street.

"The ‘breathable’ balconies provide the ability for occupants to control and regulate conditions in their balconies to suit their own preferences and comfort levels. The balconies incorporate a ventilation opening at high level that remains open at all times, with protection from rain etc. provided by the overhang of the slab/eaves above. A second ventilation pathway is provided by a louvered opening at low level which is able to be closed off in adverse conditions."

Major view lines from the apartments open across the city in every direction. Windows and balconies are designed to frame the views and capture desirable sunlight and breezes whilst providing protection to internal living spaces.

<h2>The Podium and Ground Level</h2>

The podium design references the horizontality of the tower above at a more fine-grained scale, incorporating organic forms and lush green planting, Takada says.

"Cascading plants spill over the feature awning, softening hard built form edges and providing an enhanced pedestrian experience. The timber ‘waterfall’ is populated by living greenery, carefully selected to ensure some species are always flowering at all times of the year. The retail tenancy in the corner provides activation to the street edge, while the high-ceilinged lobby creates an inviting entrance space for all occupants."

<img alt="25 Mary" data-entity-type="file" data-entity-uuid="c9f3c599-d2a6-4d03-abdc-33c40857c8a9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-07%20at%2011.58.10%20am.png?VersionId=IXuU2rWmC0xhyCycGaUBTE6liEYi3P.y" />

They said the ground level streetscape is activated by an abundance of planting and tactile, layered materials.

"Existing street trees are to be retained where possible. Green walls are located to the left and right of the feature podium, softening the edges of the building. The new landscaped awning continues the existing rhythm of awnings along the street, following the slope of the site. The driveway crossover has been designed to be as unobtrusive as possible, with all turnaround and servicing spaces located to the rear of the site."

The lobby is a double height space with a glazed entrance, creating a generously proportioned space for residents to mingle. The open nature of the lobby also provides the opportunity for passive surveillance of the street.

Inside Koichi Takada's designs for one of Brisbane's tallest apartment towers

The first stage of Willoughby Grounds, a community-style project with unique architecture reflecting the industrial history of Sydney’s lower North Shore, has hit the market.

<a href="/new-apartments/willoughby-grounds-5-walter-street-willoughby">Willoughby Grounds</a>, which is being developed by First Quadrant Properties along with funding partner <a href="/developers/qualitas">Qualitas</a>, comprises five distinct buildings, each with their own architectural style and interior design.&nbsp;

Just 164 apartments will be spread across the five buildings designed by Mo Chehelnabi from Architecture Urbaneia, with only 30 to 35 units in each.

“When designing Willoughby Grounds we wanted to foster a sense of community by giving a nod to the past and you’ll see each of the residential buildings with its own unique design style,” says Adam Reeves, Director of Sales and Marketing at <a href="/developers/first-quadrant-properties">First Quadrant Properties</a>.

[smartcode_project:default project_id=135512 project_image_fid=251209]

"Whilst the project has 164 apartments in total&nbsp;the individual buildings each contains 30-35 units meaning good separation with most apartments having dual aspects to maximise natural light and ventilation," Reeves says.

“People want to know their neighbours these days and feel like they’re part of their own community."

Each building contains design features that recognise the unique industries that used to exist in the Willoughby area; tanneries, pottery, blacksmiths, logging and brickworks.&nbsp;The design brief was to allow the multi-layered architecture and flourishing natural landscape work in unison to create a sense of serenity and connection to place.

[smartcode_project:default project_id=135512 project_image_fid=251210]

Face brickwork, metal cladding and concrete framing interacts with the surrounding greenery and inclusion of jacaranda trees - for which the lower North Shore is famous for.

<a href="/architects/dko-architecture">DKO</a> has handled the interiors of the apartments which feature&nbsp;European oak floors, stone and marble benchtops, Miele or Gaggenau appliances, Parisi tapware and integrated fridges.

“We wanted to build a residence that actually enhanced the neighbourhood around it,” Reeves added.

“It’s quite different to the singular, imposing structures that dominate much of the Sydney residential landscape at the moment.”

[smartcode_project:default project_id=135512 project_image_fid=251214]

The first stage of the project features the release of apartments in the Fleming building which is designed to reflect the tanneries from the 1800s.

For nearly 90 years Willoughby was known for its tanneries with as many as 15 tanning pits operating at the one time.

The development is expected to appeal to a wide range of buyers due to its floorplans of up to 173 sqm. There are some large four bedroom apartments on offer, as well as three-bedroom apartments with three aspects. Some of the larger apartments have the unique feature of sharing no common walls.

[smartcode_project:default project_id=135512 project_image_fid=251213]

Ray White's Director of Projects and Developments Tim Abbott says there's not often this type of product on the market.&nbsp;

“We don’t often see 4 bedroom units available on the lower North Shore and I think there will be strong interest from families and downsizers for these,” Abbott says.

“The kids playground in the common area will be a real attraction to families who&nbsp;will see the larger apartments as an alternative to buying a house in the area given the convenience of living so close to the CBD, without being in a high-rise development.

&nbsp;“With so many parks, gyms, cafes and other amenities in the immediate local areas of <a href="/new-apartments/willoughby-nsw-2068">Willoughby</a>, <a href="/new-apartments/northbridge-nsw-2063">Northbridge</a> &amp; <a href="/new-apartments/crows-nest-nsw-2065">Crows Nest</a>, the project has been designed to ensure the strata fees are low which will appeal to both owners occupiers and investors too."

First Quadrant has the iCIRT-rated builder DASCO currently constructing the project. The first&nbsp;apartments will be ready later this year, and the rest by mid-2025.&nbsp;

[smartcode_project_cta:default project_id=135512]

The first stage of the project features the release of apartments in the Fleming building which is designed to reflect the tanneries from the 1800s.

Willoughby Grounds launches, merging architecture and history in Sydney's lower North Shore

Boutique townhouse developer Sloane Property Group has seen a great response to their architecturally-striking townhouse development in Mentone on Melbourne's Port Phillip Bay.

They've now just 50 per cent remaining of the 10 townhouses, with demand coming both locally and from out of town.

There was one expat purchaser, a successful business person, who secured one of the townhomes, having previously secured an off the plan townhouse designed by <a href="/architects/megowan-architectural">Megowan Architectural</a> a few years ago.

<a href="/project-marketer/jellis-craig-projects">Jellis Craig Projects</a> Director Stephen Bowtell, who is selling Kindred <a href="/new-townhouses/mentone-vic-3194">Mentone</a>, said the buyer knew the quality of the designs Chris Megowan puts together, while the track record of Sloane added further confidence.

[smartcode_project:default project_id=138768 project_image_fid=214858]

Each townhouse at&nbsp;<a href="/new-apartments/kindred-mentone-25-brindisi-street-mentone">Kindred</a>&nbsp;has&nbsp;three bedrooms, while a select few feature rooftop decks which take in views over the suburb.

They all have oversized double lock up garages, ideal for a home gym or to store bikes and paddle boards

[smartcode_project:default project_id=138768 project_image_fid=214862]

Adam <a href="/developers/sloane-property">Sloane</a>, Sloane Director, said it's been a great response from the market.

"We've had over 600 enquiries at the project, in an area not particularly well known for off the plan development," Sloane says.

"With a 100 per cent track record of delivering townhouse, and the fact it's getting harder and harder to make projects stack up now, it gives our buyers confidence to move ahead with a purchase."

[smartcode_project:default project_id=138768 project_image_fid=214860]

The location of Kindred has been one of the key selling points.

Located on Brindisi Street directly opposite a reserve with an oval, playground, and a garden, Kindred is just a few streets away from Mentone Beach, Mentone Racecourse Reserve, and Mentone's local retail strip, Mentone Parade.

<a href="/news/vic/the-coastal-charm-of-mentone-where-lifestyle-meets-location">The coastal charm of Mentone: Where lifestyle meets location</a>

The sales success has triggered Sloane to appoint local builder Level 10 who specializes in townhouse developments. They will kick off construction within the next few weeks, with a completion date expected toward the end of 2025.

Sloane has created a niche of developing architecturally-driven townhouses across Melbourne. Sloane and Megowan have worked on a number of projects together over the last decade with a 100 per cent delivery rate.

[smartcode_project_cta:default project_id=138768]

The sales success has triggered Sloane to appoint local builder Level 10 who specializes in townhouse developments

Half of Sloane's Kindred Mentone townhouses spoken for as architecture draws buyers

First home buyers and investors have been drawn to Ellipse Property's $850 million Castle Hill masterplan, Carrington Place.

One of the driving factors of the success of their first stage release, Atrium, has been the projects proximity to the future Hills Showground Station, located directly opposite the large 3.2-hectare community.

Carrington Place Project Director Joe Chiha says&nbsp;apartments surrounding <a href="/news/nsw/the-impact-the-sydney-metro-has-had-on-castle-hill-apartment-prices-and-suburb-gentrification">Metro Stations are predicted to outperform similar projects</a> in neighbouring suburbs by up to 20 percent recent research has shown.

“As the premium suburb in the Hills District, <a href="/developments/castle-hill-nsw-2154">Castle Hill</a> is poised to see the lion’s share of that uplift. Apartment prices have grown in the suburb by 72% in the last 10 years," Chiha says.

“Rental returns in Castle Hill are expected to be averaging over 4% which is an attractive return for investors."

[smartcode_project:default project_id=89496 project_image_fid=216768]

Carrington Place’s first residential stage,&nbsp;Atrium, comprises 151 apartments within one mid-rise eight storey building, which forms the gateway to the <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> precinct and offers a range of amenities. Residents will have access to rooftop recreational spaces that provide views of the surrounding landscape and overlook the tranquil Cattai Creek.

Uniquely, the precinct will also be home to over 20,000 sqm of recreational space including outdoor gyms and wellness areas as well as lush gardens, conceived by landscape architect Site Image Landscape Architects, making it one of the greenest masterplanned communities in the Hills district.

[smartcode_project:default project_id=89496 project_image_fid=216765]

PRD Norwest Director David Inkster, who is managing sales for the project, says the team had seen a strong response from first home purchasers and investors who are mindful of the opening of the Metro Line and are keen to secure early pricing.

“Carrington Place is an ideal development for those looking to secure their first property as well as investors looking for tenants who are professionals attracted by the convenience of the shortened commuter time on the fast driver-less trains to the CBD – opening in mid-2024," Inkster said.

“Atrium's multi-staged development is poised for consistent price increases, anticipated significant appreciation by the project's scheduled completion date Q3 2025. Interested purchasers should act now to enjoy the benefits of future growth."

[smartcode_project:default project_id=89496 project_image_fid=216764]

Once completed, Carrington Place&nbsp;will comprise 771 apartments built across five eight to 12-storey buildings.&nbsp; Residences will include a mix of one, two and three bedroom apartments.

Designed by award winning architectural firms in a collaboration between&nbsp;Tony Owen Partners&nbsp;together with&nbsp;Stanisic Architects, the buildings have been sensitively designed to immerse with its surrounding natural landscapes while complementing the curve of the tranquil Cattai Creek which runs along the western border of the development.

[smartcode_project:default project_id=89496 project_image_fid=216770]

A key feature of the project will be a one-kilometre boardwalk running the length of the Cattai Creek connecting to Fred Caterson Reserve, a 58-hectare local reserve featuring picnic tables, children’s playgrounds, along with multiple sports facilities.

The Hills Shire Council has a 30-year vision for the redevelopment and revitalisation of the Castle Hill Showground Precinct, located directly opposite the Carrington Place project, planned to create a&nbsp;new 15-hectare entertainment and recreation hub&nbsp;including a variety of community, arts, sporting and leisure activities. The iconic Showground site will become the primary civic space for a new precinct of the future local Hills communities.

Located directly opposite the Hills Showground Metro Station, residents of Carrington Place will have access to Sydney’s CBD, <a href="/new-apartments/chatswood-nsw-2067">Chatswood</a>, <a href="/new-apartments/north-sydney-nsw">North Sydney</a>, <a href="/new-apartments/macquarie-park-nsw-2113">Macquarie Park</a>&nbsp;and Norwest Business Park. With trains operating every four minutes in peak hour in each direction, residents are offered the highest convenience on Australia’s first driverless railway.

Construction is planned to commence imminently with Atrium due for completion in Q4 2025. The entire five-stage precinct is due for completion in 2032.

[smartcode_project_cta:default project_id=89496]

Construction is planned to commence imminently with Atrium due for completion in Q4 2025. The entire five-stage precinct is due for completion in 2032

First home buyers and investors drawn to Carrington Place, Castle Hill masterplan

There's no stopping Brisbane in either the house or unit market.

January marked yet another month of gains of one per cent or over in both the house and unit market, while other capital cities show a few signs of growth softening, CoreLogic's Hedonic Home Value Index for January showed.

Brisbane's unit market, which incorporates both apartments and townhouses, jumped 1.1 per cent to be 13.6 per cent up in the last 12 months. Across 2023 the unit market gained 12.2 per cent.

The median unit value in Brisbane is now $568,000 and is approaching Melbourne's median of $608,000. Brisbane's median dwelling value (both houses and units), <a href="/news/qld/brisbanes-median-dwelling-price-overtakes-melbourne-after-staggering-price-growth-corelogic">overtook Melbourne</a> at the back end of last year, primarily driven by the housing market.

<h2>What's happening in Brisbane's off the plan apartment market?</h2>

Feedback from both agents and developers continues to be positive, with high enquiry volumes, high numbers coming through the door, and high conversions.

<a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Kokoda Property</a> is continuing to make sales at its <a href="/new-apartments/milton-qld-4064">Milton apartment development</a> <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>.

The Cottee Parker-designed tower with 144 apartments across 21 levels is fast approaching sell out, having only tentatively launched to the retail market.

The project has incredible amenity, centred on a rooftop wellness space with an infinity pool, a gym, infrared sauna, spa, plunge pool and yoga studio.

[smartcode_project:default project_id=139032 project_image_fid=231171]

Busy Woolloongabba developer Sarazin is too making strides in their latest project <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a>, in <a href="/new-apartments/east-brisbane-qld-4169">East Brisbane</a> on the fringe of the <a href="/new-apartments/woolloongabba-qld-4102">Woolloongabba</a> precinct.

Murcia, on Overend Road just 150 metres from The Gabba, has been one of Urban's most popular Brisbane apartment developments since it launched to the market in June 2023. The 18-level,187-apartment building is named after the Spanish city of Murcia, and has influences of the beachside city throughout its architecture and landscape design.

[smartcode_project:default project_id=135094 project_image_fid=214684]

Sarazin State Director Adam Rainbird says there's plenty of activity in the market, and the start of the year has seen it pick up again.

"We’re seeing a lot of buyers at our Murcia project either upsizing or downsizing locally," Rainbird says.

[smartcode_project:default project_id=135094 project_image_fid=214645]

"We’ve got a variety of owner-occupier stock which suits various different life stages of owner-occupiers.

"We’ve also had buyers from further afield who have their main home in Noosa or even far north Queensland but want a city base.

Rainbird says one of the big drivers of sales at <a href="/news/qld/a-front-row-seat-to-the-2032-brisbane-olympics-how-murcia-residences-is-set-to-take-advantage-of-woolloongabba-boom">Murcia is the location</a>, with the Cross River Rail a big infrastructure project which will connect future residents to the city in minutes.

He says underpinning the whole off the plan apartment market is a supply shortage, and it’s getting worse.

"If you have a good product on the market, there’s definitely the demand for it."

[smartcode_project:default project_id=135094 project_image_fid=214682]

<a href="/developers/holm-developments">Holm Developments</a> Founder and Director Godfrey Esmonde says what they're going to focus on in 2024 is providing confidence.

"I think confidence is the key for all aspects of the industry," Esmonde says.

"From a finance perspective the lenders are going to want to be confident in the products appeal, the developers ability and especially the selected builder. Being able to instil confidence in your lender will go along way to securing the necessary funding to get projects up and running. Doubts over any of the above may see projects stall even if on paper the returns look good."

He says from a sales perspective, it's about creating confidence in the market.

"Buyers want to be confident that the developer is competent and has a track record of delivering, they want to be confident the funding is available for the project so that it commences onsite and they want to be confident the builder is financially stable and will be there at the end of the project."

As far as how the market looks for 2024, Esmonde says the outlook is good with inflation slowing and rates possibly stabilising or reducing.

"I think there will be a surge in sales as people become more confident about the general financial outlook but I don’t think it will be a mad rush, too many people have been burnt recently or know someone who has and as such they will be more cautious about jumping in. Thus if you can&nbsp; instil that confidence you should be ahead of the pack to capitalise."

Holm is currently marketing <a href="/buildings/ascot-row-89-95-stevenson-street-ascot">Ascot Row</a>, just 14 luxury apartments on Stevenson Street in Ascot.

City Beat February 2024: Brisbane's 2023 property market gains continue into 2024

Gold Coast-based developer Monaco Property Group (MPG) has broken ground at the multi award-winning Isle of Capri project, Capri, with demolition now complete and civil works set to commence this week.

Being built by Greyburn Building Contractors, <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a> represents the largest residential project <a href="/new-townhouses/isle-of-capri-qld-4217">in the suburb</a> in more than three decades occupying a prime 1.2-hectare site set to house 48 architecturally designed luxury villas.

[smartcode_project:default project_id=139511 project_image_fid=216115]

Greyburn Director John Kearney says Capri has been impeccably and thoroughly designed to the highest level of detail to ensure the high-end luxury project is delivered in line with buyer expectations.

“<a href="/developers/monaco-property-group">MPG</a> has spared no expense on the design and construction of Capri with meticulous attention to detail applied to every facet of the project in order to create a residential project that exudes quality and is built to stand the test of time,” Kearney says.

“The project combines the very best of high-end domestic construction within a solid concrete structure and suspended slabs utilised throughout the design which is not only testament to the expected longevity of the buildings, but the attitudes and culture behind its creation.

“As a Gold Coast-based company, Capri represents a very special project for our team and for our longstanding contractors and suppliers who also see it as a privilege to be involved in the construction of this landmark building.”

[smartcode_project:default project_id=139511 project_image_fid=214735]

Designed by global practice Plus Architecture and <a href="/developments/gold-coast-qld">Gold Coast</a> award-winning firm BDA Architecture, Capri offers two and three-level villas ranging in size from 241 sqm to 370 sqm with three and four-bedroom options available along with multi-purpose rooms, and secure double garages.

Capri offers an exclusive gated community surrounded by world-class resort-style resident-only amenities including a pool with submerged lounge chairs, sundeck, an outdoor dining terrace, a covered barbeque area and a residents lounge complete with kitchen, bar, TV, lounge and fireplace.

[smartcode_project:default project_id=139511 project_image_fid=213450]

With more than 60 percent of the project already sold, NPA Director Andrew Erwin says now construction has commenced at Capri the project will move full steam ahead.

“Capri has officially moved to the next phase meaning it’s on track to be welcoming residents in 2025,” Erwin says.

“With construction moving forward so quickly it has instilled a high level of confidence in our existing and prospective buyers and we expect the sales momentum to continue with buyers confident their new home will be ready to move into come 2025.”

[smartcode_project:default project_id=139511 project_image_fid=213455]

Remaining villas are selling from $2.19million

A Capri Open Day will be held this Saturday, February 3 from 10am-2pm with free coffee, gelato, and informative sessions on interior design and Gaggenau kitchen appliances. There will also be the opportunity to meet the developer and the builder with the chance to ask questions about the project.

[smartcode_project_cta:default project_id=139511]

Construction kicks off at luxury Isle of Capri villa development, Capri

&nbsp;South East Queensland developer Rogerscorp is doubling down on its future residential development pipeline following the successful sell out of its Everton Park mini masterplan, Fable by Rogerscorp.

On top of future projects in Margate and Woody Point in Redcliffe, <a href="/developers/rogerscorp-pty-ltd">Rogerscorp</a>, led by managing director Simon Rogers, has submitted a development application for their first residential project outside of Brisbane.

They're in the quiet Gold Coast pocket of <a href="/new-apartments/labrador-qld-4215">Labrador</a>, where they're planning another community-driven development with 42 townhouses at <a href="/new-townhouses/wirra-estate-103-olsen-avenue-labrador">103 Olsen Avenue</a>, near Parkwood Central Plaza and not far from the bordering Biggera Waters.

They've had their go-to architecture firm Z Architects, who also designed Fable by Rogerscorp, put the plans together for the prime nature-laden site. They'll only be using around 40 per cent of it for the development, with the other 60 per cent left untouched as a nature reserve.

<img alt="103 Olsen" data-entity-type="file" data-entity-uuid="3084578e-a3bc-4ae8-8063-607615475312" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-05%20at%2010.02.01%20am.png?VersionId=s9YMweUPqof_eK5yxw0OSxwMQbR1_etx" />

Z Architects talked about the prime 1.5-hectare site and its location in their submission to the Gold Coast City Council.

"The site is located within an ideal proximity to the beautiful Broadwater, the outdoor shopping and dining experiences at Harbour Town, as well as Griffith University and the Gold Coast University Hospital," they said.

The 15,520 sqm site is currently a car yard and borders a garden nursery.

"By replacing the current caryard with contextually appropriate and architecturally designed housing, the use of the site and the streetscape would be vastly improved."

<img alt="103 Olsen" data-entity-type="file" data-entity-uuid="39f8c09b-38d2-436b-a889-1c9800628cb7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-05%20at%2010.02.11%20am.png?VersionId=Y.IlcpQV3.UEXgUSrR1yLZuWXHu0xLil" />

There will be 12 buildings which will home the 42 townhouses. Stage one will deliver eight of the 12, as well as the resident&nbsp;amenity in which will include an outdoor alfresco and barbecue area with a firepit and adjoining swimming pool.

Three different floorplans have been proposed, but each townhouse will span two levels and have four bedrooms, a minimum&nbsp;of 29 sqm outdoor landscaped space, as well as a double garaging, meaning 84 parking spaces are proposed, as well as a further seven visitor spots.

<img alt="103 Olsen" data-entity-type="file" data-entity-uuid="de03ec0b-e4c4-43c4-8192-6c145f4c3994" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-05%20at%2010.02.56%20am.png?VersionId=iYsgCI8EVrWZVYrszk4RhUswRJnSiu0X" />

Rogerscorp is set to launch its <a href="/new-townhouses/margate-qld-4019">Margate</a> community, another 42 villas at 24 Beaconsfield Street, in a few months.

The project, <a href="/new-townhouses/nautica-by-rogerscorp-margate-24-beaconsfield-street-margate-qld-4019">Nautica by Rogerscorp</a>, will have six separate buildings with three and four-bedroom villas.

Rogerscorp also just secured 23-29 Alfred Street in <a href="/new-townhouses/woody-point-qld-4019">Woody Point</a> where they're in the early stages of planning for an 80-apartment project. They're forecasting to complete the 57-townhouse <a href="/buildings/fable-by-rogerscorp-31-woolworths-street-everton-park">Fable by Rogerscorp</a> in Q4 2024.

[smartcode_project_cta:default project_id=143822]&nbsp;

First look exclusive: Rogerscorp set for Gold Coast townhouse development, Wirra Estate

Local Canberra developer TP Dynamics, which for years has focused on large community projects, is preparing to launch the largest mixed-use development in Canberra.

The project, Yowani Grounds, will redevelop the Yowani Country Club's non-golf course land in <a href="/developments/lyneham-act-2602">Lyneham</a>, a site strategically positioned at the intersection of Canberra's main entry axe. They'll be creating&nbsp;a mini-city with over 1000 residences as well as retail spaces, cafes, and landscaped public areas.

<a href="/developers/tp-dynamics">TP Dynamics</a> founder and Managing Director Tony Pan says the innovative placemaking project is envisioned as a place where residents can live, work, and play within a cohesive and sustainable environment.

“Our expansive project slated for Yowani will depart from conventional developments typically seen within the Canberra landscape, with a design that embraces diversity in housing options for the eclectic mix of residents that call Canberra home," Pan says.

"We are excited to deliver a significant project that is more than just a residential or commercial development; it will be a vibrant community in the making for years to come.

"The design will incorporate spaces that foster social interaction, from the lush green parks surrounding the dwellings to the bustling commercial areas for a vibrant atmosphere."

The development will encompass several buildings and typologies, with low-rise terraces and townhouses overlooking Sullivan’s Creek, gradually transitioning into a core commercial zone along Northbourne Avenue.

A series of residential apartment buildings will also make up a part&nbsp; of the project, with space for a hotel and seniors living provider to exist on site, as well as the redevelopment of the Yowani Country Club clubhouse, which will remain within the precinct.

To date, TP Dynamics has established a positive reputation, with a series of residential and mixed-use developments within Canberra that have assisted in addressing the housing needs of the ACT in alignment with the region's long-term objectives. The Yowani project exemplifies this commitment, presenting a distinctive placemaking experience designed to offer residents an opportunity to experience architectural excellence, low maintenance 'lock up and leave' style living, and a harmonious connection to nature.

"Our upcoming project to be located in Lyneham reflects our long-term vision to deliver quality, community-centric living for Canberrans," Pan added.

"As locals ourselves, we understand the changing face of the city, and the pressing need for well-connected residences, that can enhance the overall living standards for residents, while also adding to the look, feel and liveability of the landscape."

The project's commitment to the conservation of the local Lyneham area aligns with TP Dynamics' broader goal of creating opportunities for education, employment, and innovation within the community in ways that resonate with the <a href="/developments/canberra-act">Canberra</a> identity.

“We hope through this project to showcase our commitment to reshaping Canberra's urban landscape in a way that resonates with Canberrans. In the face of a growing population and evolving lifestyle preferences, our goal is for it to exist as a blueprint for modern, sustainable, and community-centric development as more housing options are in demand for our growing city."

Canberra's population is set to surge by 2050, with an additional 175,000 to 250,000 residents set to call Canberra home within the next two decades, according to the Australian Bureau of Statistics.

TP Dynamics will be launching the project in mid-2024.

TP Dynamics to create new mixed-use precinct in Canberra's Lyneham

It was 2019 when veteran Gold Coast apartment developer Raptis made its move into the Main Beach apartment market.

Fast forward five years and they're about to sign off on Pearl Main Beach, their high-end 30-level tower on the sought-after Main Beach Parade.

"<a href="/developments/main-beach-qld-4217">Main Beach</a> is a suburb that has everything", <a href="/developers/raptis">Raptis</a>&nbsp;Joint Managing Director Evan Raptis told <a href="/">Urban</a>.

"It has a shopping and dining prescient, close to the beach, 5 star hotels, theme parks and Broadwater boat access all within the one suburb. Nowhere else on the Gold Coast can offer that."

[smartcode_project:default project_id=106752 project_image_fid=244830]

<a href="/buildings/pearl-main-beach-3550-3552-main-beach-parade-main-beach">Pearl</a> sits on a large 1,004 sqm site at 3550-3552 Main Beach Parade, the closest Main Beach Parade site to Cronin Avenue which leads to the Main Beach village on Tedder Avenue.

When acquiring the site in 2019, Raptis recalled how much they loved the location, as well as the proximity to the ocean. It's just 50 steps to the beach from the front door.

"The were no other sites like this at the time," Raptis says.

"One of the biggest things going for the site is there is an easement on the opposite site, meaning the view from Pearl Main Beach will never be built out."

[smartcode_project:default project_id=106752 project_image_fid=182210]

Just three-bedroom apartments are left in Pearl, which also features state of the art, resident-exclusive amenities like a rooftop swimming pool with&nbsp;180-degree views of the Gold Coast coastline, a gym overlooking the Pacific Ocean, a barbecue and alfresco area, and a private dining suite.

Raptis has spent a considerable amount of their four-decade development history on the Gold Coast in Broadbeach.

Raptis says there are lots of similarities, but also a lot of differences, between Broadbeach and Main Beach, particularly in the buyer demographic, which influences the design of the building.

"The Main Beach market is far more owner occupier and downsizer driven, whereas Broadbeach typically draws a few more investors. Main Beach is more of a local demographic who love the village boutique lifestyle that only Main Beach can provide," Raptis says.

[smartcode_project:default project_id=106752 project_image_fid=182207]

The location and buyer demographic dictates how the floor plans should be designed, according to Raptis.

"The floor plans are created based on location and best viewing angles, with the building design to complement the natural surroundings," Raptis says.

"We design the floor plans in Broadbeach based on different price points to capture different level of buyers, like lock up and leave owners or investors. The Main Beach floor plans are all geared toward the full-time owner-occupier."

Construction completion of Pearl is expected in Q2 2024.

[smartcode_project_cta:default project_id=106752]

"Main Beach has everything": Why Raptis moved into the Main Beach market after 40 years on the Gold Coast

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

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

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

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

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

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

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

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

Sherpa sells out Flourish Oasis in booming Palm Beach

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

Joel Robinson

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