What makes a new apartment project stand out?

Many say location is everything, and Mirvac's latest apartment development, <a href="/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a>, has one of the best locations in Melbourne's inner ring.

It's just on the fringe of the liveliness and convenience of Brunswick, while being positioned closer to the nearby Carlton North and Princes Hill, directly opposite the 39-hectare Princes Park.

We recently had a wander around the area and wrapped up some of the best spots around the project.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/d-ar7pZc4Ug?si=3D38a0WVGPm4aIM3" title="YouTube video player" width="560"></iframe>

Prince &amp; Parade provides the ultimate in nature, convenience and connectivity.&nbsp;

The iconic Princes Park is not only home to the Carlton Football Club but also offers a range of leisure activities for residents to enjoy, including the Princes Park Bowls Club, Royal Park Tennis Club, and the nine-hole Royal Park Golf Course.

[smartcode_project:default project_id=4802 project_image_fid=220673]

There's a number of local hospitality venues like&nbsp;the auropean-style wine bar WasFlower, and Italian Ciao Mamma!, as well as Old Palm Liquor, Mamma's Boy Trattoria, and Brunswick Wine Shop, ensuring there's something to please every palate. And for those seeking a diverse array of international cuisines, Little Andorra, Kent Hotel, Florian, La Luna Bistro, Matteo's Restaurant, Capitano, and Di Stasio Carlton offer a number of options.

Art enthusiasts will appreciate the creative collections at Beinart Gallery and the immersive experience at 1280, while the nearby Brunswick Baths provide a refreshing escape for residents.&nbsp;

[smartcode_project:default project_id=4802 project_image_fid=217137]

The nearby Jewell and Royal Park Train Stations ensure that the city and its surroundings are easily accessible, granting residents the freedom to explore Melbourne's vibrant neighbourhoods effortlessly. Buses and trams are also an integral part of the area, with numerous transport links connecting Prince &amp; Parade residents to the greater Melbourne region.&nbsp;

The building, designed by&nbsp;<a href="/architects/bates-smart" target="">Bates Smart</a>&nbsp;in collaboration with&nbsp;<a href="/developers/mirvac" target="">Mirvac</a>&nbsp;Design and in landscaping by&nbsp;<a href="/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park" target="">Jack Merlo</a>, comprises 166 one, two three and four-bedroom apartments.

The striking project is targeting the owner-occupier, particularly local downsizers who currently live in houses or terraces and are starting to see equity build back up in their homes. It's also expected to be popular with affluent young professionals.

[smartcode_project_cta:default project_id=4802]

Prince & Parade provides the ultimate in nature, convenience and connectivity

Joel Robinson

Brunswick location tour: What's within walking distance from Mirvac's Prince & Parade apartment development

Sydney developer&nbsp;<a href="/developers/aqualand-australia">Aqualand</a> has pared back the plans for their Central Barangaroo harbourfront precinct, bringing the final piece of the&nbsp;<a href="/developments/barangaroo-nsw-2000">Barangaroo</a> puzzle one step closer.&nbsp;

The new plans for Central Barangaroo, now on public exhibition, outline the future transformation of the vacant northern portion of the site into a vibrant cultural and entertainment destination.&nbsp;

The proposed project, designed by <a href="/architects/sjb-architects">SJB</a>, comprises seven smaller buildings, each with an active ground floor hosting retail, bars, restaurants, and other hospitality establishments, contributing to the city's nightlife economy.

<img alt="Central Barangaroo one step closer to realisation" data-entity-type="file" data-entity-uuid="7de6da6e-a230-43c4-a627-feef7320ba84" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Central%20Barangaroo%20street.png?VersionId=wo48_NmI9Sinw.ydFxGg5Bp_Y5Kta9Sa" />

Tim Robertson, Project Director for Central Barangaroo, expressed Aqualand's enthusiasm for delivering an exceptional lifestyle destination for the community.&nbsp;

“Our focus is on delivering an exceptional lifestyle destination for all Sydneysiders and visitors, with generous and lively public spaces punctuated by restaurants, cafes, and bars. Central Barangaroo will be the lively, beating heart of the precinct," Robertson said.

The new plan includes an underground food court and shopping centre connected to the Barangaroo Metro stop, and a luxury hotel, with operations based in the tallest building.

<img alt="Aqualand Barangaroo" data-entity-type="file" data-entity-uuid="468b5264-72b7-41a8-89e8-d52cc5716de8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-22%20at%209.23.28%20pm.png?VersionId=dDK9ky1har1hZg5SHH2kbT6LVJNr_HHC" />

Robertson highlighted the company's responsiveness to community feedback during the public consultation process, resulting in adjustments to the plans.&nbsp;

The recent clarity of direction from the Government has led to improved view sharing, more generous public spaces, and enhanced connectivity throughout the precinct.

<img alt="Aqualand Barangaroo" data-entity-type="file" data-entity-uuid="2758ae33-ddd7-4482-99b7-bc45179f3bbb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-22%20at%209.21.34%20pm.png?VersionId=jSXR.VEEjSt5NMaoSyJ4uN0ilXHLanbv" />

The scale of the development has also been reduced by around 30 per cent compared to the previous proposal, with a focus on increasing public space and removing a small tower in the northern part of the site.&nbsp;

The 5.2-hectare site will have 50 per cent of it dedicated to open public space. It's just three minutes from the new Barangaroo Metro stop.

Acknowledging that not everyone may be satisfied, Robertson emphasised the positive outcomes the project aims to deliver for the city.

“We’re eager to move forward and start construction as soon as possible. The project has suffered from delays and inconsistent direction over the last few years – which we feel confident is now behind us,” Robertson added.

Aqualand is aiming for approval of the recently submitted plans before Easter. Once approved the builder developer aims to commence construction by the end of 2024, with completion targeted for around 2029.&nbsp;

The 5.2-hectare site will have 50 per cent of it dedicated to open public space. It's just three minutes from the new Barangaroo Metro stop.

Aqualand aims for 2024 construction start on Central Barangaroo precinct after proposal tweak

Malvern's latest apartment development, Plant Street, has some of the biggest names in the off the plan development industry behind it.

The boutique project of just 21 apartments near <a href="/developments/malvern-vic-3144">Malvern</a> and Glenferrrie roads is being developed by forward-thinking, off the plan development specialists Milieu, who have a long reputation of creating design-driven projects across Melbourne since 2010.

They're developing the project in partnership with development partner Penfold and financier giant Maxcap, creating an enviable trio who have significant experience in crafting quality projects.

The years of development experience doesn't stop there. They've had the cool local architecture studio RITZ&amp;GHOUGASSIAN champion the striking building's design.

[smartcode_project:default project_id=139856 project_image_fid=217344]

A development characterised by a balance of solid architectural elements and greenery, Plant Street features bush-hammered concrete panels and smooth slab edges, creating depth and variety.

Interior design practice Georgina Jeffries has handled the interiors of the one, two, three and four-bedroom apartments,&nbsp;focus on nurturing, light-filled spaces with a material palette of honey timber joinery, brown ash brick, terrazzo, and natural stone.

Custom-made lighting by Volker Haug Studio complements the design, reflecting a refined approach that values local craftsmanship and lasting comfort.

[smartcode_project:default project_id=139856 project_image_fid=217347]

Every space in the home features a natural stone and warm neutral palette, from the modern, sleek integrated galley kitchen with a large island-breakfast bar to the open-plan living and dining areas with wooden and textured furniture facing borderless floor-to-ceiling glazing that seamlessly connects the indoors with the outdoors.

The bedrooms are simple and well-proportioned, exuding a sense of calm and retreat with floor-to-ceiling windows overlooking the rich landscaping outside.

[smartcode_project:default project_id=139856 project_image_fid=217346]

The bathrooms are minimalist and practical, featuring his and her vanity with long, wood-framed mirrors, floating cabinets, and silver tapware.

The building is enveloped in landscaping by the renowned landscape architecture firm Acre. An&nbsp;internal open-air atrium softens the structure and blending architecture, interiors, and the neighbourhood. The greenery includes a dynamic mix of deciduous plants and trees that change with the seasons.

Ground-floor apartments boast well-landscaped gardens, while upper-level dwellings feature planters and creepers on their terraces.

&nbsp;

[smartcode_project:default project_id=139856 project_image_fid=217345]

Progressive, sustainable design is also central to the development. Plant Street combines enduring materials with thoughtful architecture and adaptable interiors, incorporating cross-flow ventilation, solar power, carbon-neutral energy supplies, and EV charging stations. The property is designed to favour passive design principles, reducing dependence on artificial heating and cooling and collectively minimising each resident's environmental impact over the long term.

Milieu has appointed Manresa Construction as the builder for Plant Street by Milieu. The construction will be commencing soon and is expected to be complete in mid-2025.

For the past 14 years, Milieu has primarily focused its efforts in Melbourne's cooler northern suburbs, such as Brunswick East and Collingwood.

[smartcode_project_cta:default project_id=139856]

The expert development team behind Malvern's Plant Street apartment development

A reacceleration in the quarterly pace of growth for national construction costs is suggested to be a return to trend rather than a new surge, according to CoreLogic.

The&nbsp;Cordell Construction Cost Index (CCCI), which tracks the cost to build a typical new dwelling, recorded a growth rate of 0.8% over the three months to December. This marks a reversal of the easing trend seen over the previous four quarters when the quarterly CCCI reading went from 4.7% in Q3 2022 to 0.5% in Q3 2023. The annual growth rate for the 2023 calendar year was 2.9%.

CoreLogic Economist Kaytlin Ezzy&nbsp;said although the quarterly CCCI reading has risen, the latest growth rate remains 20 basis points below the pre-COVID decade average of 1.0%.

"This suggests that reacceleration is more a return to trend rather than a new surge in construction costs," Ezzy said.

"While up over the quarter, the annual change in residential construction costs continued to ease as larger quarterly increases fell out of the annual calculation."

At 2.9%, the latest 12-month increase was the smallest annual rise in the national CCCI since the year to March 2007 (2.7%) and below the pre-COVID decade average (4.0%).

"This suggests that growth in construction costs have normalised after recording a recent peak of 11.9% over the 12 months to December 2022, albeit at a higher level. Although 26.6% higher than at the onset of the pandemic, the recent surge in CCCI is below the increases seen across national house values, with CoreLogic's Home Value Index rising 36.5% over the same period," Ezzy added.

CoreLogic Construction Cost Estimation Manager John Bennett&nbsp;said pricing remains generally unsettled, with no clear trend seen across most product types.

"Depending on the supplier, both increases and decreases were recorded in timber and metal prices, although we have seen rises in the price of hardware and chemical items. This tells me suppliers are either bringing their product pricing back down to acceptable levels from the increases during the Covid period, or they are increasing to set up for the year ahead," Mr Bennett said.

"In 2023 there was a bit of uncertainty around what the fallout from the interest rate increases would be and therefore the overall impact on the building industry. While the latest figures show the market has settled down, I don't think we have seen the slowdown many were expecting.

"While dwelling approvals are still well below historic averages, there is still an elevated level of projects under construction which is keeping cost pressures high," he added.

Price rises were also varied across the states, with an increased growth rate seen in NSW, Victoria and WA, while SA and Queensland both saw a reduction in quarterly CCCI growth.

<h2>CCCI Outlook</h2>

Ezzy said the outlook for construction costs over the coming year is uncertain.

"While it's unlikely we'll see any declines in construction costs, the pace of growth could be influenced by several factors. Although national dwelling approvals have risen from a recent low of 12,185 in January, the latest data from the ABS showed that dwelling approvals remained -15.8% below the decade average in November at around 14,500. Although a number of projects are still moving through the construction pipeline, the recent lull in approvals could result in a shortfall in new projects, which would help keep growth in building costs low, due to greater capacity in the construction sector.

"However, with the CPI continuing to ease, it's looking increasingly like we'll see a cash rate cut in the second half of 2024, which could fuel housing demand for both established and new dwellings. Regardless, the normalisation in CCCI growth will help provide some certainly for builders, insurance companies and homeowners alike," she said.

<h2>Key findings by state – Q4 2023 CCCI Report</h2>

<ul>
	<li>The CCCI for NSW rose 1.0%, up 40 basis points on the previous quarter but only 10 basis points above the pre-COVID decade average of 0.9%. The annual reading eased to 3.1%, the lowest annual change since the 12 months to March 2021.</li>
	<li>Victoria’s CCCI rose 1.1% over the quarter, up from 0.3% in the September quarter, making it the fastest acceleration in construction costs among the states. The annual increase continued to ease to 2.9%, down from a recent high of 13.0% over 2022 and is Victoria's lowest annual change since the 2016 calendar year (2.6%).</li>
	<li>Queensland recorded the lowest quarterly rise at just 0.1%, down from 0.8% in Q3, bucking the acceleration trend. This is the state's lowest quarterly result since Q1 2001 when CCCI fell -0.1%. The December quarter's weaker growth helped bring Queensland's annual growth rate back in line with the other states at 2.8%.</li>
	<li>In WA, construction costs rose 0.7% over the quarter, up 50 basis points on Q3. Annually, WA's CCCI increased by 2.3%, which was the lowest annual rate among the states.</li>
	<li>SA’s CCCI Increased by 0.5%, down from 0.6% in Q3, also bucking the national trend. This took SA's annual change in construction costs to 2.8%.</li>
</ul>

CoreLogic researches and reports on materials and labour costs which flows through to its Cordell construction solutions to help businesses make better decisions, estimate rebuild and insurance quotes easily and, ultimately, price risk effectively.

Construction cost growth returns to normal trends: CoreLogic

There's a lot going for the Melbourne off the plan apartment market.&nbsp;

The sheer statistics of the imbalance between dwelling approvals, construction of dwellings, and population growth, shows a frightening landscape for the Victoria capital.&nbsp;

Not so much for those however who have a foot on the property ladder. Investors are, and will continue to reap the rewards of a high migration numbers, pushing rents up, while owner-occupiers, generally, will see the value of their property rise with demand, again both local and international, outstripping supply.

With that in mind we've taken a look back at what piqued our readers interest in 2023.

<h3>Richmond's Victoria Shopping Centre redevelopment to create new urban village with over 1,600 new apartments</h3>

In February it was revealed&nbsp;<a href="/developments/richmond-vic-3121">Richmond</a>'s Victoria Gardens Shopping Centre will undergo a significant transformation with a $900 million redevelopment, led by co-owners Vicinity Centres and Salta Properties.&nbsp;

The ambitious project aims to convert the landmark site into a vibrant urban village, seamlessly integrating residential, commercial, retail, lifestyle, and entertainment spaces.&nbsp;

<img alt="Urban's top five most read in 2023 in VIC" data-entity-type="file" data-entity-uuid="5078cc50-dc2e-4a18-978a-b79db249ce5e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Victoria%20Gardens%20Shopping%20Centre%20redevelopment.png?VersionId=nxYDSnEN6_npBQvx_nEae2xJYcIlY6Xh" />

Divided into two key precincts, the Doonside Precinct and River Boulevard Precinct, the redevelopment includes 1,679 new homes, a fresh food Market Hall, extensive open spaces, bike facilities, and parking.&nbsp;

The project, which is expected to create 680 construction jobs annually and over 3,300 ongoing jobs, is currently seeking planning approvals through the Victorian Government's Development Facilitation Program.

Read more: <a href="/news/vic/richmonds-victoria-shopping-centre-redevelopment-to-create-new-urban-village-with-over-1-600-new-apartments">Richmond's Victoria Shopping Centre redevelopment to create new urban village with over 1,600 new apartments</a>

<h3>Multiplex to build $2 billion STH BNK By Beulah towers</h3>

Beulah had a huge build up to the announcement of their construction partner for their $2 billion, twin-tower <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK by Beulah</a> development back in August.

They chose&nbsp;<a href="/builders/multiplex">Multiplex</a> as the builder of the two intertwining towers which are set to become the tallest skyscrapers in the southern hemisphere upon completion in 2029.&nbsp;

The five-year construction timeline will commence in late 2023 or early 2024.&nbsp;

[smartcode_project:default project_id=8804 project_image_fid=221202]

With a height of 365 metres, Multiplex will bring to life Australia's first 5-minute vertical city, featuring two twisting towers, a world-class retail precinct, wellness facilities, a childcare centre, a Four Seasons Hotel, a cultural centre in partnership with Centre Pompidou, commercial office space, residential offerings, and the world's tallest vertical garden.&nbsp;

The project has already garnered significant attention with high-profile sales of its 691 apartments, including transactions ranging from $30 million to $38 million.

Read more: <a href="/news/vic/multiplex-to-build-2-billion-sth-bnk-by-beulah-towers">Multiplex to build $2 billion STH BNK By Beulah towers</a>

<h3>First look: South Yarra House apartments set to launch</h3>

Due to the scarcity of new development in Melbourne's sought-after South Yarra,&nbsp;<a href="/developers/wattletree-property-group">Wattletree</a> and Dorman Capital's release of&nbsp;<a href="/new-apartments/south-yarra-house-49-55-claremont-street-south-yarra">South Yarra House</a>, a $190 million project set on one of <a href="/developments/south-yarra-vic-3141">South Yarra</a>'s last remaining riverside sites, was a popular read.

The joint venture marks Wattletree's fifth project and its first collaboration with Dorman Capital. South Yarra House, now over 60 per cent sold, will feature around 60 apartments across 20 levels, with architecture firm SJB drawing inspiration from the simple, brutalist, art-deco architecture of New York. &nbsp;

[smartcode_project:default project_id=112970 project_image_fid=214722]

Initially intended for a commercial office project, the collaboration between Wattletree and Dorman Capital evolved into a residential development that addresses the growing market demand for quality owner-occupier and downsizer apartment products.&nbsp;

Read more: <a href="/news/vic/first-look-south-yarra-house-apartments-set-to-launch">First look: South Yarra House apartments set to launch</a>

<h3>STH BNK by Beulah breaks Melbourne apartment record</h3>

People always love reading about records being broken, and it was no different in 2023 when the aforementioned Beulah set the new Melbourne apartment record with a $38 million sale.

It topped the $35 million record, set in the same building in 2022.

The record sub-penthouse above level 75 offers a customisable floor plan, allowing the transcontinental business owner buyer to personalise the design to suit their lifestyle.&nbsp;

[smartcode_project:default project_id=8804 project_image_fid=221169]

The apartment, with its 360-degree city view, resort-style concierge services, and world-class amenities, is among the highest in Melbourne.&nbsp;

The project, achieving over $600 million in sales within four months, reflects the robust demand for luxury apartments near Melbourne's gardens and cultural landmarks and the convenience of hotel living.&nbsp;

Despite challenges in the market, the prestige sector remains active, attracting diverse buyers who value tailor-made configurations and services, such as Beulah's 'Tailored Living' option.&nbsp;

Read more: <a href="/news/vic/sth-bnk-by-beulah-breaks-melbourne-apartment-record-again">STH BNK by Beulah breaks Melbourne apartment record</a>

<h2>Andrews Labor Government to ramp up apartment approvals across Melbourne</h2>

In September it was announced the then Andrews Labor Government was working on reforms to clear&nbsp;the backlog of approvals and build more homes, faster.

Over the last year to September, the number of dwellings approved across the state fell by 26.1 per cent.

At a council level, there’s a backlog of around 1,400 planning permit applications for multi-unit housing that have been sitting with councils for more than six months waiting for a decision. Some 550 of those applications have been waiting for more than a year.

Of these, 78 projects have a development cost of more than $10 million – and would deliver around 4,900 new homes.

Premier Daniel Andrews said "building, buying, renovating or renting shouldn't be this hard."

"We need to build more homes, with the best design standards, where people want to live. And that means going up and out – not just out," Mr Andrews said.

Minister for Planning Sonya Kilkenny said&nbsp;Victorians deserve a planning system that works with them – not against them.

"It should be a clear, transparent and accountable system – because Victorians deserve to know who is planning our city and state.”

Read more:&nbsp;<a href="/news/vic/andrews-labor-government-to-ramp-up-apartment-approvals-across-melbourne">Andrews Labor Government to ramp up apartment approvals across Melbourne</a>

Urban's top five most read articles in Melbourne in 2023

<a href="/developers/aniko-group">Aniko Group</a>’s debut Chevron Island apartment development Orama has generated over $100 million worth of sales, prompting the builder developer's own construction arm to kick off the build.

The $135 million development with 102 apartments on Weemala Street has proven popular with local owner-occupiers and downsizers.

[smartcode_project:default project_id=111898 project_image_fid=209596]

The remaining two-bedroom apartments at Orama range from $995,000 to $1.45 million while the three-bedroom skyhomes, which start from $1,995,000, offer panoramic views over the central <a href="/new-apartments/gold-coast-qld">Gold Coast</a> skyline.&nbsp;

Sales Director of Aniko Group, Peter Malady says that Orama is a rare and incredibly attractive proposition for buyers in today’s off-the-plan property market, and its significant interest is a testament to this.&nbsp;

“Market demand in the prestigious precinct continues to be bolstered by local downsizers seeking a more maintenance-free lifestyle in a village community, with the majority of the purchases coming from locals from <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a>, or within a five-kilometre radius," Malady says.

“Our secondary largest buying demographic is lock up and leave holidaymakers from <a href="/new-apartments/sydney-nsw">Sydney</a> and <a href="/new-apartments/melbourne-vic">Melbourne</a>.”

Everything about Orama has been created with the intent to provide buyers with the best experience and amenities of any project on the market in the precinct.

“Orama will exude luxury, from the quality of each residence to the 550 sqm rooftop recreation area comprising of a gymnasium, pool, spa, residents lounge and a host of other amenities,” said Aniko Group Managing Director George Mastrocostas.

[smartcode_project:default project_id=111898 project_image_fid=209597]

“As we can see from our sales success, we have delivered a product that the local area has responded to well,” Mastrocostas said.

The developer is readying the first release of its <a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">$2 billion The Landmark masterplanned precinct</a> at <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>.

Read more:&nbsp;<a href="/news/qld/aniko-group-plot-launch-of-four-tower-mermaid-beach-development-the-landmark-after-council-approval">Aniko Group plot launch of four-tower Mermaid Beach development The Landmark after council approval</a>

[smartcode_project_cta:default project_id=111898]

Sales Director of Aniko Group, Peter Malady says that Orama is a rare and incredibly attractive proposition for buyers in today’s off the plan property market

Aniko secure over $100m in sales at Orama Chevron Island apartment development as construction kicks off

Last year the Queensland Government increased its support for first-home buyers in Queensland, doubling the First Home Owner Grant (FHOG) from $15,000 to $30,000 for eligible first home buyers.

The move saw Queensland FHOG became the highest first home owner grant in Australia.

The FHOG grant in Queensland however only applies to units less than $750,000.

The government estimates that this increase in the grant will assist around 12,000 buyers in acquiring their first homes by the time the boost expires on 30 June 2025.&nbsp;

We've looked at the best off the plan apartments in Queensland where first home buyers can secure the $30,000 FHOG.

<h2>Project: St Clair Birtinya</h2>

<h3>Price: Two-bedroom from $749,000</h3>

<h3>Developer: Habitat Development Group</h3>

<a href="/new-apartments/sunshine-coast-qld">Sunshine Coast</a> developer <a href="/developers/habitat-development-group">Habitat</a>'s recently launched St Clair in <a href="/new-apartments/birtinya-qld-4575">Birtinya</a> offers FHOG-eligible two-bedroom apartments starting at $749,900, with only limited units remaining for the 113 sqm two-bedder.&nbsp;

Designed by <a href="/architects/k-architecture">KArchitecture</a>, the $150 million development, on two side-by-side blocks on Waterfront Retreat, will comprise two eight-level residential towers with 200 two, three and four-bedroom apartments.

[smartcode_project:default project_id=108399 project_image_fid=230367]

There will be a maximum of 13 apartments on each level. Some of the large penthouse apartments will have over 50 sqm of outdoor space, while a handful of courtyard apartments will have around 90 metres of gardens.

Crowning St Clair is a communal rooftop terrace enveloped by lush subtropical landscaping with an outdoor kitchen and BBQ facilities. The rooftop deck faces Bokarina Beach towards the east, while the lounge overlooks the hinterland to the west.

A 25-metre resort-style lap pool is on the ground level, featuring a five-metre shallow wading entry adjacent to a BBQ pavilion. A residents' 16-seat dining room with a private outdoor terrace complements the pool for social gatherings.&nbsp;

[smartcode_project:default project_id=108399 project_image_fid=230359]

There's also a 1,000 sqm of exclusive resident parklands with barbecue facilities and a firepit area.&nbsp;

St Clair is in the heart of the Sunshine Coast's Health Precinct and less than a five-minute drive from Stockland Birtinya Shopping Centre and Bokarina Beach.&nbsp;

The development is under construction by <a href="/builders/habitat-construction-group">Habitat Construction Group</a>, with estimated completion in Q1 of 2026.

<h2>Project: Murcia Residences, East Brisbane</h2>

<h2>Price: One-bedroom apartments from $695,000</h2>

<h3>Developer: Sarazin</h3>

Prominent <a href="/new-apartments/woolloongabba-qld-4102">Woolloongabba</a> developer <a href="/developers/sarazin">Sarazin</a>'s <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia Residences</a> is offering one-bedroom apartments starting at $685,000, eligible for QLD's double FHOG scheme.

Located only 500m from the new Cross River Rail and 2032 Games precinct, the <a href="/architects/hal-architects">HAL Architects</a>-designed Murcia comprises 187 one, two, three and four-bedroom apartments, all designed to offer spacious and open-plan living.&nbsp;

The one-bedroom units feature large floor-to-ceiling glass windows and up to three metres of ceiling to allow plenty of natural light to flood in, combined with the generous proportions of the living spaces that extend to the balcony.

[smartcode_project:default project_id=135094 project_image_fid=241262]

The kitchens will be well-appointed with a choice of sophisticated Miele or ILVE kitchen appliances including an integrated dishwasher, oven and cooktop.

Crowning the development will be a suite of residential amenities, including an infinity pool, accompanied by private poolside cabanas and sun lounges.

Just steps away from the pool will lie the unique wellness centre, where residents can benefit from chilled and heated magnesium plunge pools, a steam room and a sauna, as well as alfresco private dining and barbecue facilities.&nbsp;

Completion of Murcia Residences is slated for March 2026.

<h2>Project: Andiamo Apartments, Hope Island</h2>

<h2>Prices: Two-bedroom apartment from $544,488</h2>

<h3>Developer: Robert Laybutt</h3>

Developer Robert Laybutt is offering some of the most affordable apartments on Hope Island at Andiamo Apartments.

They have two-bedroom apartments range between $544,488 and $700,816, before the $30,000 Government assistance.

[smartcode_project:default project_id=139743 project_image_fid=218960]

Andiamo had already been a hit with local first home buyers even before the increase in the QLD FHOG was announced.

Andiamo Apartments comprises 76 apartments centred around a resort-style pool on Broadwater Avenue.

First home buyers have also been attracted to the low body corp, just $70 a week, despite the swimming pool, barbecue area, multi-purpose room and access to lifts.

The top three off the plan apartments that trigger Queensland's new $30k first home buyer grant

Queensland's off the plan property market, dominated by Brisbane the Gold Coast, and the Sunshine Coast, was arguably the most talked about market in 2023 as development ahead of the 2032 Brisbane Summer Olympics continued to be the largest topic of conversation.

The Queensland Government also released their ShapingSEQ 2023, the longterm vision for South East Queensland and how they're going to build enough houses to meet increasing population growth.

We've wrapped up the top five most engaging articles on Apartments.com.au in Queensland in 2023.&nbsp;

<h3>The top 16 Gold Coast apartment developments launching in 2023</h3>

The year kicked off with a forward view as to what was looking at launching in 2023.

A number of the projects listed have been held back until 2024 as develops continue to monitor build costs.

Those that did make it into market, like <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">MRCB's Vista project in Surfers Paradise</a> and Aniko Group's <a href="/new-apartments/chevron-island-qld-4217">Chevron Island apartment development</a> <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a>, have benefited from continued high demand for Gold Coast apartments, demand which is still far outstripping supply.

[smartcode_project:default project_id=112730 project_image_fid=211248]

A number of the projects listed, like <a href="/news/qld/gurner-to-push-on-with-burleigh-heads-after-green-light-from-council">Gurner's Burleigh Heads project</a> and <a href="/news/qld/first-look-siera-group-set-for-beachside-surfers-paradise-apartment-development-exhale-surfers-paradise">Siera's Enderley Avenue tower in Surfers</a>, are expected to hit the market in the first half of this year.

Read more: <a href="/news/qld/the-top-16-gold-coast-apartment-developments-launching-in-2023">The top 16 Gold Coast apartment developments launching in 2023</a>

<h3>First look exclusive: Meriton propose three-tower Surfers Paradise apartment development, Cypress.</h3>

<a href="/developers/meriton">Meriton</a>&nbsp;always draws eyeballs whenever they file apartment plans, particularly on the Gold Coast.

Harry Triguboff's apartment giant is set to expand its presence further in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, lodgining&nbsp;plans for a three-tower development known as&nbsp;<a href="/new-apartments/cypress-palms-surfers-paradise-3346-surfers-paradise-boulevarde-surfers-paradise">Cypress</a>, adding 1,000 apartments to the skyline.&nbsp;

The&nbsp;<a href="/architects/dbi">DBI</a>-designed Cypress will consist of 73 and 80-level towers housing 994 apartments, with an additional 327 serviced apartments in a 53-level tower, each featuring rooftop gardens with pools and gym spaces.&nbsp;

<img alt="Urban's top five most read in 2023 in QLD" data-entity-type="file" data-entity-uuid="ed35c3c9-07a7-43b3-bb26-470a7699c65e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20proposed%20podium%20of%20Cypress.%20Image%20credit%20DBI.png?VersionId=49BsOVkxGnQ_CXbuL7jfaRHyi9S2jCbG" />

The Cypress project holds sentimental value for Triguboff, marking a significant addition to his longstanding contributions to the Gold Coast skyline over six decades.

This development is Triguboff's 21st high-rise on the Gold Coast and will be near <a href="/developers/gurner">GURNER</a>'s <a href="/new-apartments/aquia-la-pelago-108-ferny-avenue-surfers-paradise">La Pelago</a> and <a href="/developers/spg-land">SPG</a>'s <a href="/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a>.

Read more: <a href="/news/qld/first-look-exclusive-meriton-propose-three-tower-surfers-paradise-apartment-development-cypress">First look exclusive: Meriton propose three-tower Surfers Paradise apartment development, Cypress</a>

<h3>First look exclusive: Frasers plans revealed for Keperra Quarry site</h3>

In April national developer&nbsp;<a href="/developers/frasers-property">Frasers</a>&nbsp;unveiled plans for the former Keperra Quarry in <a href="/developments/brisbane-qld">Brisbane</a>'s north-west, outlining two residential precincts, a sports and recreational precinct, and a conservation zone.&nbsp;

<a href="/architects/rothelowman">Rothelowman</a>'s designs for the first precinct feature 91 townhouses spread across 5,043 sqm of the overall 18.9-hectare residential site.&nbsp;

<img alt="Urban's top five most read in 2023 in QLD" data-entity-type="file" data-entity-uuid="400721f3-ed95-4b3d-a926-6dd8c230f3ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20proposed%20plans%20for%20the%20townhouses.%20Image%20credit%20Rothelowman.png?VersionId=99b0EzjWHx0FObRLL1IM5rgn9R5bMFJQ" />

The townhouses will feature a mix of three or four bedrooms across two or three levels, with a minimum gross floor area of 140 sqm and a dedicated private open space of 35 sqm.&nbsp;

Extensive facilities, including two swimming pools, a recreation centre, and a gym, are planned for the first precinct.

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>

<h3>Inside look: Residential opportunity at new $500 million Marina Mirage, Main Beach redevelopment</h3>

We released the first look at the new $500 milllon Marina Mirage, <a href="/developments/main-beach-qld-4217">Main Beach</a> redevelopment <a href="/news/qld/inside-look-residential-opportunity-at-new-500-million-marina-mirage-main-beach-redevelopment">back in February</a>.

South Australian shopping centre tycoon Con Makris revealed plans&nbsp;by Melbourne architect <a href="/architects/fraser-partners-0">Elenberg Fraser</a>&nbsp;for&nbsp;a new retail and dining precinct, a 110-room hotel, 44 apartments, and 46 villas.&nbsp;

<img alt="Urban's top five most read in 2023 in QLD" data-entity-type="file" data-entity-uuid="60b572a0-9932-4df0-943d-16ce8b583b9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marina%20Mirage.png?VersionId=0JVDX4MIBBdy3EyXdc2eJr2R2csMizCc" />

The development aims to attract affluent buyers, retirees, and families seeking beach leisure, fine dining, and cultural exploration.

Read more: <a href="/news/qld/inside-look-residential-opportunity-at-new-500-million-marina-mirage-main-beach-redevelopment">Inside look: Residential opportunity at new $500 million Marina Mirage, Main Beach redevelopment</a>

<h3>The top 12 developers to watch out for on the Gold Coast in 2024</h3>

One of the most popular articles was sent at the end of last year, looking forward to 2024 and reviewing which developers are likely to be the most active this year.

Sales momentum gathered at a strong rate toward the end of 2023, which will have had developers licking their lips and doing what they can to get their projects in market.&nbsp;

There were 400 apartments sold in Q3 2023 across prominent areas like <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, Main Beach, and Surfers Paradise.

Developers like Siera, who will have three projects in market when they launched in Surfers, Lewis Land, who are set to launch their <a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">$1.5 billion Harbour Shores development</a> in <a href="/new-apartments/biggera-waters-qld-4216">Biggera Waters</a>, made the list.

Read more: <a href="/news/qld/the-top-12-developers-to-watch-out-for-on-the-gold-coast-in-2024">The top 12 developers to watch out for on the Gold Coast in 2024</a>

Urban's top five most read articles in Queensland in 2023

Brisbane developer Pyco Group is expanding its footprint in South East Queensland, and it's doing so in one of the region's best locations.

<a href="/developers/pyco-group">Pyco</a>, led by Lachlan Cottee, is set to transform a prime corner block just one row back from the Kirra Beach into a 14-level tower with 97 apartments dubbed <a href="/new-apartments/onde-kirra-10-churchill-street-coolangatta">Onde Kirra</a>.

The owner-occupier-focused developer, who is currently developing&nbsp;<a href="/new-apartments/atelier-110-vulture-street-west-end">Atelier</a> in <a href="/developments/west-end-qld-4101">West End</a> and <a href="/new-apartments/nouveau-albion-8-16-anstey-street-albion">Nouveau</a> in <a href="/developments/albion-qld-4010">Albion</a>, is creating some of the largest apartments in the neighbourhood. Of the 97 apartments proposed, 79 are three bed, while the other 18 have two bedrooms.

<img alt="PYco" data-entity-type="file" data-entity-uuid="cdb9b975-4e24-4128-883d-b4d41b50a9e6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-19%20at%2012.07.49%20pm.png?VersionId=XY39wNeKPRZvi4xH7UHBzyr8J1Rq6trJ" />

Pyco has amalgamated four sites,&nbsp;10 and 12 Churchill Street, 17 Miles Street and 51 Winston Street, to create the 2,044 sqm site for the project, dubbed in the planning application "Kirra Beach Residences".

Architecture firm DAHA said in their design statement submitted with the application to the Gold Coast City Council that their approach creates a space that complements the natural beauty of the Gold Coast landscape whilst elevating the experience of beachside living.

"Taking cues from the vibrant local context of Kirra and Coolangatta,&nbsp;our&nbsp;design&nbsp;boasts&nbsp;a&nbsp;harmonious fusion of local colour schemes, material paleƩes,&nbsp;and&nbsp;lush&nbsp;landscaping&nbsp;that&nbsp;seamlessly&nbsp;blurs&nbsp;the boundary between architecture and natural environment.

"Stepped facades, meticulously&nbsp;crafted&nbsp;to&nbsp;ensure&nbsp;equal&nbsp;light,&nbsp;refreshing&nbsp;breezes,&nbsp;and&nbsp;breathtaking views for each apartment, epitomize a thoughtful&nbsp;approach&nbsp;to&nbsp;elevated&nbsp;coastal&nbsp;living,&nbsp;creating&nbsp;an oasis of comfort."

<img alt="Pyco" data-entity-type="file" data-entity-uuid="ab84fb7e-de1b-4892-80b7-c50ee5270c05" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-19%20at%2012.10.05%20pm.png?VersionId=urZykZlYltqZXmU4oe.ogh_w7IcJAV0x" />

The three-bedroom apartment sizes start from 113 sqm.

The resident amenity on the ground floor, set back from the street and elevated, includes a swimming pool, gym, sauna, resident work from home office space, and a media room.

The site is currently occupied by two houses, two low-rise blocks with four units in each, and two small-scale commercial tenancies. Two years ago approval was given on the Churchill St sites for a nine-level, 40-unit building.

<img alt="Pyco" data-entity-type="file" data-entity-uuid="8ffdeac8-cf53-4c68-a79c-0ce64e874d7a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-19%20at%2012.10.15%20pm.png?VersionId=ykN0nU0G30xmTUpDQdRkwxo0lDG_AhjS" />

The Town Planning Report by Mewing Planning Consultants said the height of the proposed building height complies with the Strategic Framework provisions that enables up to 50 per cent additional height above the acceptable outcome.

"The building height is consistent with the established and new developments in the locality," the report noted.

The <a href="/developments/coolangatta-qld-4225">Coolangatta</a> neighbourhood, Kirra in particular, has seen a wave of off the plan interest in the last few years, with the likes of Hirsch &amp; Faigen's Emerson Kirra, Awaken and Esprit by S&amp;S Projects, and Rhythm Kirra Hill by Immerse Projects.

Pyco's new project bridges the affordability gap and will bring something different to the surf mecca. Pyco is also preparing a project in Sydney's Freshwater.

First look exclusive: Coolangatta's newest apartment tower plans revealed

Hirsch &amp; Faigen are fast approaching sell out of their third Gold Coast apartment development, <a href="/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>.

Just two two-bedroom apartments remain in the <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Avenue development</a>, after the penthouse and sub penthouse sold for $6 million and $5 million a piece over the Christmas period.

Both were snapped up by locals, Hirsch &amp; Faigen's Sales Director Matt George says. Local demand has been a consistent theme over the last 12 months, according to George.

[smartcode_project:default project_id=102451 project_image_fid=186077]

Completion of the 146 Rothelowman-designed apartments is slated for later this year, with tier one builder Hutchies handling the construction.

The final four-bedroom sub-penthouse which fetched $5 million features open-plan living areas and spacious balconies overlooking the Pacific Ocean. A Melbourne investor purchased the other sub-penthouse last year.

[smartcode_project:default project_id=102451 project_image_fid=186081]

The $6 million penthouse has its own private terrace and 335 sqm of interior living space. It has four bedrooms, a study, four and a half baths, and three car spaces. It offers a sought-after northeast view of the Pacific Ocean and the Gold Coast city skyline.&nbsp;

The resident amenity in Yves include a&nbsp;state-of-the-art gym with a sauna, and a pool.

The two remaining apartments at Yves, both with two bedrooms, start from $1.25 million.

[smartcode_project:default project_id=102451 project_image_fid=186085]

&nbsp;

Matt George says there's been more enquiry in 2023 than there was in 2022, which is a promising sign for the Gold Coast apartment market.

George still has the final piece of the puzzle at Hirsch &amp; Faigen's <a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson Kirra</a> development, the $10 million penthouse, to sell before calling that a sell out. There's a few interstate parties interested.

The Melbourne developer's first <a href="/new-apartments/gold-coast-qld">Gold Coast apartment development</a>, Hemingway at <a href="/new-apartments/palm-beach-qld-4221">Palm Beach</a>, recently settled with a 100% settlement rate.

[smartcode_project_cta:default project_id=102451]

Completion of the 146 Rothelowman-designed apartments is slated for later this year, with tier one builder Hutchies handling the construction

Yves Mermaid Beach approaches sell out after penthouse sales

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>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

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

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