The scaffolding has come down at Burleigh Beach Houses, the newest boutique collection of luxury villas in Burleigh Heads.

Award-winning builder Carmichael Build has followed the designs of&nbsp;the renowned <a href="/architects/story-design-collective">Story Design Collective</a>&nbsp;to a tee. The striking facade will be immediately evident from the Banksia Broadway street, just a couple of hundred metres from Burleigh Beach.

The north-facing villas feature a rendered facade with understated weatherboards, designed to embrace the coastal location. The facade is&nbsp;softened by lush greenery cascading from the garden beds above.

[smartcode_project:default project_id=141528 project_image_fid=220051]

Soaring cathedral ceilings and curved feature walls feature within the villas, which have been thoughtfully designed to include a lift providing access to all levels, future proofing them for generations.

Each townhome boasts a spacious 330 sqm floor plan spread across three levels. The top floor homes all four bedrooms, strategically separating social spaces from private sleeping quarters.&nbsp;

[smartcode_project:default project_id=141528 project_image_fid=220037]

The heart of the beach houses lies in the modern open-plan kitchen, seamlessly connecting to a north-facing alfresco area overlooking a private plunge pool.&nbsp;

The built-in dining booth and bar cabinetry, featuring a sink and bar fridge, set the stage for effortless entertainment.

[smartcode_project:default project_id=141528 project_image_fid=222377]The three contemporary bathrooms, including ensuites for the master and second bedrooms, ensure convenience and luxury for residents.

An additional ground-floor powder room and a private study cater to practical needs, especially those embracing a work-from-home lifestyle.&nbsp;

A carport and a double-lock up garage allow for four cars, with the garage offering internal access to the home.

[smartcode_project:default project_id=141528 project_image_fid=220045]

Situated steps away from the iconic Burleigh Beach, a short stroll to The Village Markets for fresh produce, and a mere 900 metres from James Street shops, cafes, bars, and restaurants, the location of Burleigh Beach Houses enhances its appeal.&nbsp;

Buyers will soon be moving into the villas, developed by&nbsp;<a href="/developers/21-property-group">21 Property Group</a>.

[smartcode_project_cta:default project_id=141528]

Each townhome boasts a spacious 330 sqm floor plan spread across three levels. The top floor homes all four bedrooms, strategically separating social spaces from private sleeping quarters. 

Joel Robinson

Burleigh Beach Houses approach completion

Faro, the luxury Broadbeach apartment development by joint venture partners Bottega and 5Point, has secured $15 million worth of sales just a week into its launch.

The four sales were snapped up by both local and interstate buyers.

The $80 million <a href="/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">Faro</a> sits on a prime site of 123 Old Burleigh Road, a site which was previously secured by <a href="/developers/bottega-property-group">Bottega Group</a> in 2020.

Faro will rise 21 levels to deliver 11 full-floor apartments, three two-level, sub-penthouses, and a single three-level penthouse

[smartcode_project:default project_id=31666 project_image_fid=246693]

Each of the full-floor apartments will feature three bedrooms, each with ocean views, three bathrooms, and open-plan living areas that are enhanced by a large ocean-facing balcony.

The penthouse and sub-penthouses each will comprise five bedrooms and five bathrooms, offering spacious living areas that include a separate dining area and home cinema.

The guest’s suite is located on the first level, while the second level will host four bedrooms plus home office, including the expansive ocean-facing master bedroom with its own balcony positioned to take in spectacular coastal views.

The penthouse will be complemented by its own rooftop entertainment area with a private swimming pool, sundeck, outdoor kitchen, dining area and lounge. All three levels of the penthouse are serviced by a private internal lift.

[smartcode_project:default project_id=31666 project_image_fid=246698]

All Faro residents will enjoy a range of premium on-site amenities on the first-floor recreation terrace including a magnesium pool, private lounges, gymnasium, cabana, outdoor barbecue and entertaining area, sauna, lockers as well as a pet wash and surfboard wash.

The ground floor will have ample bike storage spaces for residents, plus a mail room located in the foyer providing a parcel locker delivery system to handle online orders. Faro will have three levels of basement parking and an EV fast-charging station in the visitor’s bay.

Faro Broadbeach is positioned within easy reach of Broadbeach’s many open spaces, including Federation Park, Victoria Park and Kurrawa Park, and close to the Oceanway pedestrian and cycling path which spans the central Gold Coast beachfront.

[smartcode_project:default project_id=31666 project_image_fid=246697]

Director of Pezet Matheson, Todd Matheson, says that both local and interstate buyers have been driving the demand of Faro.

“The enquires we’ve had to date all commonly recognised the central location and accessibility to the beach and <a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a> Centre, along with the understated luxury level of finish," Matheson says.

5Point has again sought the services of award-winning architectural design firm, Plus Architecture stating, “Faro has been reimagined to provide a refined collection of premium residences that appeal to a discerning market, and that’s being reflected in the great interest we’ve seen from buyers wanting to secure their spot in this project”.

“Buyers are drawn to the spacious interiors, superior inclusions and resident’s amenities, this project has truly set a new benchmark for relaxed, luxury, coastal living in Broadbeach”.

[smartcode_project:default project_id=31666 project_image_fid=246689]

<a href="/developers/5point-projects-pty-ltd">5Point Projects</a> Managing Director, Damian Dove, said the construction commencement has really&nbsp;ignited the strong sales and enquiries within the market.

"[It] demonstrates buyers need for certainty of delivery when choosing their new sky home," Dove said.

[smartcode_project_cta:default project_id=31666]

Director of Pezet Matheson, Todd Matheson, says that both local and interstate buyers have been driving the demand of Faro

Faro Broadbeach secures $15 million in sales following Christmas launch

Melbourne's charming Glen Iris is set to receive a modern twist with the launch of a new collection of contemporary townhouses.

The new development, Lori, conveniently located near <a href="/new-townhouses/glen-iris-vic-3146">Glen Iris</a> Station at 1610 Malvern Road, has just three of its eight three-bedroom townhouses left, with demand fuelled by locals looking for what is a rare offering in the south-east suburb.

<a href="/developers/lk-property-group">LK Property Group</a>, the development firm of billionaire property developer and NBL owner Larry Kestelman, is well underway in the construction of Lori, which is expected to be completed later this year.

Award-winning architectural practice <a href="/architects/megowan-architectural">Megowan</a>&nbsp;has designed&nbsp;<a href="/new-apartments/lori-glen-iris-1610-malvern-road-glen-iris">Lori</a>. Each townhouse has three-bedrooms across two levels. They sit on a unique sloping block which allowed Megowan to take advantage of the viewlines over the surrounding&nbsp;treescape from the large picture windows.

[smartcode_project:default project_id=114100 project_image_fid=246520]

The expansive full-length windows of the townhomes frame the outdoor spaces, while residents are welcomed into the homes by high ceilings across both levels which allows for further natural light.

Every part of the house is smartly designed, with careful thought put into every square metre for usability. The space under the stairs turns into a concealed study nook that opens to the living space.

The Miele-appointed kitchens feature a highly functional and adaptable open cupboard with plenty of storage space. The location of the kitchen&nbsp;allows for entertaining from the kitchen's terrazzo and natural stone benchtops to flow effortlessly into the dining and living spaces.

[smartcode_project:default project_id=114100 project_image_fid=246521]

The 100-year-old trees on the site will be preserved as will create a tranquil canopy view from the bedroom.

Each residence features a secure, flexible garage space that can accommodate and charge two cars or serve as a launchpad for business endeavours, artistic pursuits, or workouts.

Built to endure across decades and generations, Lori incorporates future-proof technology and infrastructure.&nbsp;

[smartcode_project:default project_id=114100 project_image_fid=246525]

Each home is designed for rooftop solar and electric car charging, reflecting LK Property Group's commitment to sustainability.&nbsp;

The development is also 100 per cent electric, aligning with a more renewable path and minimising residents' environmental footprint.

Immerse Constructions is currently building Lori, which is slated for completion in Q2 2024.

[smartcode_project_cta:default project_id=114100]

Larry Kesterlman's LK Property Group launch new Glen Iris townhouse development, Lori

The top 25 off the plan apartment developments to look out for across Sydney in 2024

Billionaire Canva founders Melanie Perkins and Cliff Obrecht are set to redevelop their significant Surry Hills HQ on Kippax Street.

In late 2022 they spent $123.25 million on a nine-level building on Kippax Street, opposite News Corp's Sydney base and a stone's throw from Central Station.

Now they've commissioned COX Architecture to complete a $56 million redevelopment of the office building which COX says will offer a "benchmark model in the reuse and rejuvenation of an existing tired commercial building."

<img alt="Canva" data-entity-type="file" data-entity-uuid="04a2dded-b622-42b2-b8f1-af1ee4353d83" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-12%20at%209.16.17%20am.png?VersionId=b9t9GpRI1nVSv3eFnKNmMr8bGGxLyei9" />

COX said in their Design Report submitted to the City of Sydney Council that innovation and creativity are at the heart of Canva’s DNA.

"It’s something they’ve always championed when empowering their team to do the best work of their lives. This DNA has translated into their current workplace winning them the coveted prize of Best Workplace for Innovators on the Fast Company’s 2023 list.

"This global best accolade is the benchmark for their project at 8-24 Kippax Street. It will be a workplace imbued with the good vibes of Canva. The conceptual narrative for the building is to create a place that fosters a virtuous cycle of growth and culture. The culture will inform the place and the place will support the culture."

<img alt="Canva" data-entity-type="file" data-entity-uuid="03f8792a-ca9a-4c59-86ac-863667a9b602" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-12%20at%209.20.07%20am.png?VersionId=LzSacty9b6nIIeHa5_yVYzVprCIJUpni" />

The existing nine-level building facade will be redesigned, while there will be one level added to incorporate a new rooftop and terrace which&nbsp;COX says will offer&nbsp;Canva the opportunity to gather, connect and celebrate their unique ‘vibe’ with employees, collaborators and guests.

"In keeping with Canva`s aspirations of being a “Force for Good”, and the principle to “do more with less”, the proposed rooftop additions maintain as much of the existing building as possible and only makes pragmatic interventions where it improves functional planning or sustainability initiatives, such as introducing natural light.

"The proposed additions will offer a benchmark model in the re-use and rejuvenation of an existing tired commercial building."

Also part of the plans are to remove the ground and underground parking levels and add a new cafe on the ground floor and a gym, studio, and a community space on the lower ground level. Canva will also commission a mural on the eastern facade given the extended building height.

<img alt="Canva" data-entity-type="file" data-entity-uuid="a1cc3509-62da-447f-966c-afa13839bddb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-12%20at%209.33.15%20am.png?VersionId=0aVmlb1FuO1E2.Bg78Y5osjWzSITIx0x" />

Perkins and Obrecht founded Canva when studying in Western Australia in 2013. Last year Perkins became Australia's youngest billionaire at 36 years old. Her and Obrecht's joint net worth around $10 billion, according to The Australian's latest The List Richest 250.

It was reported last week early investors and employees at Canva will sell around $1.5 billion worth of stock. The company is estimated to be worth around $40 billion.

First look exclusive: Canva's $120 million Surry Hills HQ to get $56 million redevelopment

The Eastern Suburbs is the most expensive real estate region in Australia. Even with the prices that puts it as expensive as anywhere in the world, it is always in demand.

Harbourside tends to command the largest prices given there are waterfront homes with direct access to the harbour, and of course a number of homes with views of the Harbour Bridge or the Sydney Opera House.

The beach still does pretty well, in both the house and apartment market.

Given the heightened cost of land in the Eastern Suburbs, few developers can put their mark on any of the suburbs. But when they can, they know they'll attract buyers due to the limited supply of new property.

We've cast our eyes over the new developments expected to hit the Eastern Suburbs market in 2024.

<h2>Project: Bronte Collection</h2>

<h3>Location: 122-128 Hewlett Street, Bronte NSW 2024</h3>

<h3>Developer: Fortis</h3>

Having secured development approval from the Waverley Council for the <a href="/new-apartments/bronte-collection-122-128-hewlett-street-bronte">Bronte Collection</a>, Fortis plans to both launch the luxury project and start construction in 2024.

The Bronte Collection comprises just nine freestanding homes on Hewlett Street near Bronte Beach.

The project is designed by <a href="/builders/mhn-design-union">MHN Design Union</a>, in collaboration with interior architects Alexander &amp; CO. and <a href="/interior-designers/lawless-and-meyerson">Lawless &amp; Meyerson</a>&nbsp;and&nbsp;landscaping by Wyer &amp; Co.

Each of the nine homes will offer views of Bronte Beach and include spacious living, entertaining, and outdoor areas.&nbsp;

<img alt="Bronte" data-entity-type="file" data-entity-uuid="3c0d2c3c-6384-4d1e-a6b1-97e99776a2eb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%207.52.38%20pm.png?VersionId=qTNaY31fqHUxDMh01.pZC3pFN7n8CRBe" />

The residences will feature private dual garages with EV charging provisions, private pools, outdoor showers, and individual lifts. Some of the homes will also have state-of-the-art gyms and saunas.&nbsp;

Following the success of the <a href="/new-apartments/the-woollahra-collection-2a-james-street-woollahra">Woollahra Collection</a>, Fortis expects strong demand for the Bronte Collection, with an expected end value of $134 million.&nbsp;

<h2>Location: 20-22 Sandridge Street, Bondi Beach</h2>

<h3>Developer: Central Element</h3>

Busy developer&nbsp;<a href="/developers/central-element">Central Element</a> will create something of which <a href="/developments/bondi-beach-nsw-2026">Bondi Beach</a> hasn't seen before after securing a 2,000 sqm site for <a href="/news/nsw/central-element-secure-prized-bondi-beach-site-for-new-apartment-development">$51 million late last year.</a>

The prime site, across 20-22 Sandridge Street and 21 Wilga Street, an amalgamation of six properties across three lots which had been years in the making, is set to home just a handful of&nbsp;ultra-premium apartments and houses on the site, with prices expected to start from $20 million.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="33a66c40-54d7-4db8-891b-203f827d599d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%207.57.11%20pm.png?VersionId=aaq3vt7EeuWzkUmtCkMFQJlOVUUTq_qP" />

Speaking to Central Element CEO Nathan Chivas last year, he said setting&nbsp;new benchmarks in property development has been in Central Element’s DNA for decades.

"It was something my father always did in his development days," Chivas says. "Since founding&nbsp;<a href="/developers/central-element">Central Element</a>&nbsp;in 2011, we've continued to evolve every year we've operated, and now we're moving into what we're calling the 'ultra-luxury phase'."

Chivas says they only want to develop in the best locations. But with that, you need to create an A-grade product.

“If you find a location and create A-grade product that matches that location, then you know you’ll have strong demand no matter where the property cycle is at,” Chivas says.

"In this end of the market, you really need to bring a story to life, whether it's through brining in heritage or other luxury design elements. Ultimately these types of developments need to be a cut above the rest. They need to be more than an apartment in a great location. The money demanded by these projects, and the buyers of the projects, demand nothing less. That extra layer of detailed design and amenity is warranted for locations like Coogee and Bondi."

Read more:&nbsp;<a href="/news/nsw/the-story-behind-central-elements-push-for-ultra-luxury-in-sydneys-best-suburbs-five-minutes-with-managing-director-nathan-chivas">The story behind Central Element's push for ultra-luxury in Sydney's best suburbs: Five minutes with Managing Director Nathan Chivas</a>

<h2>Project: Ballamac House</h2>

<h3>Location: 39 Arcadia Street, Coogee NSW 2034</h3>

<h3>Developer: Central Element</h3>

Central Element's other landmark project set for 2024 is&nbsp;<a href="/new-apartments/ballamac-house-39-arcadia-street-coogee">Ballamac House</a>, a historic 1860s landmark in <a href="/new-apartments/coogee-nsw-2034">Coogee</a>&nbsp;which they intend to restore and redevelop.

The project involves transforming the heritage Victorian house into eight luxury apartments designed by <a href="/architects/tonkin-zulaikha-greer-architects">Tonkin Zulaikha Greer</a>.

The development will comprise two buildings, with the heritage Victorian house housing two of the eight apartments and the other six situated in a new contemporary building to the east.

<img alt="Ballamac House" data-entity-type="file" data-entity-uuid="640c352d-3912-4cb3-ab3e-01f023f64ee2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.06.31%20pm.png?VersionId=iQlnq_SXZ7XY1jary2BziFO.E4Z2gtla" />

The residences, spread across four stories, will each have three bedrooms. The penthouse, boasting panoramic ocean views, includes extravagant interiors, a wrap-around entertaining terrace, a second entertaining terrace on the first level, a butler's pantry, and floor-to-ceiling glazing to maximise views.

The conservation efforts include retaining external and internal walls, fireplaces, mantel pieces, and decorative ceilings, and reconstructing the wrap-around verandah. Central Element aims to fuse old and new, bringing the estate into a new era of luxury.

Future residents will have access to communal outdoor areas, lush green gardens, and a magnesium pool.

<h2>Project: The Chimes</h2>

<h3>Location: 45-53 Macleay Street, Potts Point NSW 2011</h3>

<h3>Developer: Time &amp; Place</h3>

Potts Point has long been the most high density harbourside suburb in the east. It's another suburb which is now only likely to see boutique developments given most land large enough for a new high-rise is already occupied by an old one.

The exception to this is The Chimes building, a&nbsp;mid-20th-century building, designed by architect Hugo Stossel. The Macleay Street building has been in the crosshairs of Melbourne developer Time &amp; Place for a number of years.

<img alt="macleay St" data-entity-type="file" data-entity-uuid="acdb6eda-6eb0-474d-8bb9-71476a59682a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.36.44%20pm.png?VersionId=_jbVRN9BQyPWQQsp4_4AXFaKpVURi3gQ" />

Time &amp; Place has been slowly but surely buying out apartment owners since 2020, when it was reported they essentially bid $85 million for the whole building.

Last year they lodged concept plans with the City of Sydney Council for a new SJB-designed building with 45 apartments.

The existing building contains 80 studio apartments, and the redevelopment aims to offer a mix of one, two, and three-bedroom apartments, ranging in size from 50 sqm to 270 sqm for half-floor apartments.&nbsp;

The new development will include ground-floor retail along Macleay Street. The plans include features such as private rooftop terraces with a barbecue area and plunge pool for the two penthouses.&nbsp;

<img alt="Macleay" data-entity-type="file" data-entity-uuid="f18ddff2-96b7-441a-88a5-887eba31ee6f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.36.32%20pm.png?VersionId=Ox9QlWVyW7mLwA1kg.BfyiELVHq8zH3o" />

Residential amenities, including a lap pool and open space, will be located on the ground level behind the retail spaces.&nbsp;

There's likely still much more work to do at The Chimes before the project is launched, but no doubt more information will be released as to whether Time &amp; Place have been successful in getting their project.

Read more:&nbsp;<a href="/news/nsw/exclusive-first-look-time-place-lodge-potts-point-apartment-plans">Exclusive first look: Time &amp; Place lodge Potts Point apartment plans</a>

<h2>Location: 117 Victoria Street, Potts Point</h2>

<h3>Developer: Ceerose</h3>

Renowned architect <a href="/architects/koichi-takada-architects">Koichi Takada</a> is set to make his first mark in the high-end harbourside enclave, putting plans together for&nbsp;<a href="/builders/ceerose">Ceerose</a>&nbsp;on Victoria Street.

The proposed $19.58 million, 10-level building is designed to blend with the historic streetscape while providing a contemporary addition to Victoria Street.

Ceerose acquired the A-Grade site last year, which currently houses an original apartment block with 45 units that will be demolished for the new development.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="18962255-19c0-45b3-a0e4-41f9ca68386d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.07.58%20pm.png?VersionId=T9Q8I5Baeu8_0S2PYEE5ojrFnKJKWeMT" />

The development will consist of two, three, and four-bedroom apartments, some spanning two levels.&nbsp;

Two-bedroom apartments start from 110 sqm, and there will be a variety of configurations, including apartments with plunge pools on their balconies.&nbsp;

The building will have 26 parking spaces, including four for visitors.

Read more:&nbsp;<a href="/news/nsw/first-look-ceerose-and-koichi-takada-to-create-new-potts-point-apartment-development-on-victoria-street">First look: Ceerose and Koichi Takada to create new Potts Point apartment development on Victoria Street</a>

<h2>Location: 10 Onslow Avenue and 21C Billyard Avenue, Elizabeth Bay</h2>

<h3>Developer: Fortis</h3>

Prominent developer Fortis filed for its first project in Potts Point's neighbouring Elizabeth Bay last year and will likely launch this year, pending approvals.

The development will be located on an amalgamated 1,464 sqm block across 10 Onslow Avenue and 21C Billyard Avenue, comprising two <a href="/architects/smart-design-studio">Smart Design Studio</a>-designed buildings that will house 22 apartments.&nbsp;

The $23.25 million project involves demolishing two early 1970s freestanding flat buildings to make way for the new development.

<img alt="Fortis Elizabeth Bay" data-entity-type="file" data-entity-uuid="93953a66-2e59-4f1a-a095-710b1d762137" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.40.08%20pm.png?VersionId=oDUOYdHn34qcHXyQVGxTPyYZbhcJx.lQ" />

The proposed buildings include three two-bedroom apartments, 18 three-bedroom units, and a sole four-bedroom apartment spanning 279 sqm.&nbsp;

The private rooftop terraces for the penthouses will feature barbecue and lounge areas, as well as private pools.&nbsp;

The development will provide 27 parking spaces for the 22 residences, with eight spaces equipped with EV charging and the other 19 designed with the provision to add EV charging at a later date.

Read more:&nbsp;<a href="/news/nsw/fortis-file-regency-house-elizabeth-bay-apartment-development-plans">Fortis file Elizabeth Bay apartment development plans</a>

<h2>Location: 4-4A Barncleuth Square, Elizabeth Bay</h2>

<h3>Developer: Toohey Miller</h3>

Developer <a href="/developers/toohey-miller">Toohey Miller</a> is set to continue to make its mark in Elizabeth Bay following the success of its debut apartment development, No.1 Onslow Avenue.

Having quickly sold three out of the five full-floor apartments in the luxury project with prices ranging from $8.25 million to $13 million, the Nick Couloumbis-led developer will no doubt be looking to their nearby project to launch.

There's nine apartments planned for the site at 4-4A Barncleuth Square,&nbsp;currently occupied by a mid-1960s building with over 20 apartments.

<img alt="Toohey" data-entity-type="file" data-entity-uuid="982acffb-1203-407b-87a1-5e4ab0c10a4f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.46.24%20pm.png?VersionId=7pVKUZnn.RdLvfX6HWnEGeptk.X_fhxu" />

The design by SJB aims to complement the Art Deco architecture prevalent in the area, echoing the forms and styles of the neighbouring buildings.

The proposed building will consist of nine apartments, with the majority being three-bedroom units spanning 137 sqm internally.&nbsp;

The penthouse, located on the top level, will feature four bedrooms and 284 sqm of space, along with a private rooftop terrace equipped with a spa.

Sustainability features are also incorporated into the project, including a green roof to reduce building energy, cross-ventilation for all apartments, and the use of locally sourced bricks from Australian manufacturers, considered a more sustainable option compared to standard concrete facades.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-toohey-miller-file-for-elizabeth-bay-apartments">First look exclusive: Toohey Miller file for Elizabeth Bay apartments</a>

<h2>Location: 138 Maroubra Road, Maroubra</h2>

<h3>Developer: Lindsay Bennelong</h3>

<a href="/developers/lindsay-bennelong-developments">Lindsay Bennelong</a>, headed by <a href="/builders/clarendon-homes">Clarendon Homes</a> Founder Peter Campbell, is heading to the Eastern Suburbs with plans for a mixed-use development at 138 Maroubra Road in the Eastern Suburbs of Sydney.

The developer has filed for a nine-level building on the 1,512 sqm site, which was secured in 2022. The project aims to demolish the existing office building and replace it with a structure offering a mix of retail, commercial, and residential spaces.

The proposed <a href="/architects/djrd-architects">DJRD Architects</a>-designed building will feature 57 apartments, ranging from one to four bedrooms.&nbsp;

The ground level will include two retail spaces, and the first level will host a commercial office space surrounded by a landscaped outdoor area.&nbsp;

The apartment sizes vary, with one-bedroom units ranging from 51 sqm to 62 sqm, two-bedroom units starting from 86 sqm and reaching 99 sqm, and three-bedroom apartments ranging from 105 sqm to 149 sqm.&nbsp;

There is also a sole four-bedroom apartment with over 150 sqm of living space.

Outdoor breakout spaces for residents are planned on different levels, including an outdoor kid's play area and an outdoor gym on level two.&nbsp;

Level eight will also feature two outdoor spaces with barbecue and kitchen areas, communal dining spaces, and community garden planters.

<h2>Project: Coast Little Bay</h2>

<h3>Location: 11 Jennifer Street, Little Bay</h3>

<h3>Developer: Urban Property Group</h3>

Prominent Sydney developer <a href="/builders/urban-property-group">Urban Property Group</a> will be launching their first Eastern Suburbs project this year, at the southern tip in Little Bay.

The project, <a href="/new-apartments/jennifer-street-little-bay">Coast Little Bay</a>, will comprise three four-level buildings on over a hectare of bushland at 11 Jennifer Street. They will home 75 one, two, and three-bedroom apartments. The development plan also includes shared basement parking for 117 vehicles.

[smartcode_project:default project_id=112343 project_image_fid=210130]

The project designed by Hill&nbsp;<a href="/architects/hill-thalis-architecture-urban-projects-pty-ltd" target="">Thalis</a>&nbsp;Architecture adopts the&nbsp;<a href="/new-apartments/the-courtyard-832-doncaster-road-doncaster" target="">courtyard apartment</a>&nbsp;type, which Hill&nbsp;<a href="/architects/hill-thalis-architecture-urban-projects-pty-ltd" target="">Thalis</a>&nbsp;founding principal Philip&nbsp;<a href="/architects/hill-thalis-architecture-urban-projects-pty-ltd" target="">Thalis</a>&nbsp;says is puzzlingly rare in Australian cities, despite its suitability to the climate and long architectural traditions of sociability.

Read more:&nbsp;<a href="/news/nsw/exclusive-first-look-urban-property-group-reveal-little-bay-apartments-project">Exclusive first look: Urban Property Group reveal Little Bay apartments project</a>

The top off the plan apartment developments to look out for in Sydney's Eastern Suburbs in 2024

There's arguably no better time to be developing in Perth, at least when it comes to demand.

While cyclical factors such as cost of labour and materials are problematic, the demand is possibly as high as its ever been, and the lack of supply means price are rising, which is helping developers make projects stack up.

Property data analytics firm CoreLogic's data showed Perth was the number of performer in both the house and unit market in 2023. House prices jumped 15.2 per cent, to a median $691,000, now nearly higher than Hobart ($700,000), while units rose 12.4 per cent to a new median $464,000.

It was the same script in the rental market. Unit rents rose by 16.5 per cent, or around $80 per week on the median value over the year, CoreLogic found, while house rents were up 12.9 per cent.

Soaring rents has seen WA become the go-to interstate investment market, data from&nbsp;MCG Quantity Surveyors shows.

MCG Managing Director Mike Mortlock says&nbsp;WA is now considered among the nation's most investor-friendly jurisdictions.

"There's little doubt its popularity with real estate buyers from the east coast has increased the gap between home and investment," Mortlock says.

“Western Australia, and more specifically Perth, has seen a substantial uptick in investor participation. Price is a factor as some big capital city markets are now beyond the reach of everyday buyers. Our analysis shows the average price an investor pays for a property is approximately $615,000. That amount will go a lot further in Perth than it will in Sydney or Melbourne."

Taking advantage of the Perth boom is developer Golden Sedayu, who will soon be revealing more of their $3.8 billion mega project, Burswood Point.

[smartcode_project:default project_id=142314 project_image_fid=228351]

The huge project, which at 38 hectares will be one of the largest urban development projects ever undertaken in Australian, will transform the Burswood Peninsula into a thriving, living precinct with&nbsp; 4,500 residential apartments as well as office and retail space.

The project is set to inject more than $10 billion into the state’s economy and generate 25,700 West Australian jobs over the next 10 years.

Golden Sedayu, a partnership between Perth’s&nbsp;<a href="/developers/golden-group" target="">Golden Group</a>&nbsp;and one of Indonesia’s largest property corporations Agung Sedayu, has also allowed for 110,000 sqm of public open space, larger than Langley Park. The project has over 2.5 kilometres of Swan River foreshore.

Already lodged with council are development applications for two premium apartment towers with 206 apartments and four retail tenancies on the north of the site. Another application for two more towers due to be lodged later this month.

The first homes and apartments will go on sale early in 2024, with the remainder of the Burswood Point development released as approvals are granted.

[smartcode_project_cta:default project_id=142314]

Perth ranks as nation's best performing capital city unit market in 2023 as 2024 welcomes game-changing mega project

Sydney's northern suburbs, anything from north of the Harbour Bridge, saw a number of development applications filed in 2023 and late 2022.

Most of the developers will hope to get approval in a timely manner given the scarcity of supply in the harbour capital driving transactions.

We've had a look at the most exciting projects which are expected to launch in 2024, if not early 2025.

<h2>Location: 184b-190 Kurraba Road, Kurraba Point</h2>

<h3>Developer: PB &amp; Co</h3>

<a href="/new-apartments/melbourne-vic">Melbourne</a>-based developer&nbsp;<a href="/developers/pb-co">PB &amp; Co</a>&nbsp;is marking their first venture in&nbsp;<a href="/new-apartments/sydney-nsw">Sydney</a>&nbsp;with a striking development in one of Sydney's most affluent areas.

They spent $60 million on a&nbsp;<a href="/new-apartments/kurraba-point-nsw-2089">Kurraba Point</a>&nbsp;site where they will be developing a&nbsp;highly sustainable and innovative luxury residential project in collaboration with&nbsp;<a href="/architects/koichi-takada-architects">Koichi Takada Architects</a>.

The 4,200 sqm block will be home to four different residential buildings, including six luxury apartments on the street side of the block and four dual occupancy residences closer to the water.&nbsp;

The luxury apartments will offer various amenities, such as dedicated wine rooms, butler's pantries, multi-purpose rooms, and water-facing balconies. The dual occupancy buildings will include private rooftops with plunge pools and outdoor barbecue kitchens.&nbsp;

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/184b-190%20Kurraba%20Road%2C%20Kurraba%20Point.png?VersionId=_2oECkfkEyn86ROhBJVaPhKtRtETFcU3" />

The project aims to achieve a 6-star Green Star rating with a focus on sustainability and a zero-carbon lifestyle.

Key sustainable features of the project include passive design strategies, rooftop solar farms, an underground geothermal energy system, rainwater collection for irrigation, building management systems for performance optimization, integrated shading structures, and the use of local, sustainable materials.&nbsp;

The development is intended to be carbon neutral not only in design but also in operations.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-pb-co-reveal-koichi-takada-plans-for-one-of-a-kind-kurraba-point-development">First look exclusive: PB &amp; Co reveal Koichi Takada plans for "one-of-a-kind" Kurraba Point development</a>

<h2>&nbsp;Location: 617-621 Pacific Highway, St Leonards</h2>

<h3>Developer: Anson Group&nbsp;</h3>

St Leonards has been a hive of activity for apartment developers in recent years, reflecting the transition from a predominantly commercial area to a more mixed-use and residential environment.

<a href="/developers/anson-group">Anson Group</a>&nbsp;recently submitted <a href="/news/nsw/first-look-st-leonards-set-for-tallest-tower-as-anson-group-file-for-mixed-use-development">$187 million plans to build a 50-level tower</a>, making it one of the tallest in the area.&nbsp;

The mixed-use tower is designed by architecture firm&nbsp;<a href="/architects/bvn-architecture">BVN</a>&nbsp;and will consist of 195 apartments above a six-level podium featuring retail and commercial spaces.&nbsp;

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/617-621%20Pacific%20Highway%2C%20St%20Leonards.png?VersionId=7f8wIG9YkNc90HATaWy2kjAWGkLOXUBW" />

Over half of the apartments are two-bedroom units, reflecting market preferences for larger living spaces, especially in the post-COVID era when remote work has become more prevalent.

The building will feature a two-level penthouse at the top, referred to as a "multilevel crown," and resident amenities on the 24th level, including a swimming pool, spa, multipurpose room, and outdoor terraces.&nbsp;

The development will also include a new community and arts centre, basement parking for 72 cars, nearly 400 sqm of retail space, and over 2,600 sqm of commercial space.

<h2>Project: The Collective</h2>

<h2>Location: 50-56 Atchison Street, St Leonards</h2>

<h3>Developer: TWT Global</h3>

Property developer&nbsp;<a href="/developers/twt-property-group">TWT Global</a>&nbsp;is expected to launch its highly anticipated $1 billion mixed-use St Leonards development, The Collective.

Last year the developer <a href="/news/nsw/exclusive-twt-global-secure-st-leonards-site-to-expand-1-billion-masterplan-the-collective">spent&nbsp;$35 million on 50-56 Atchison Street</a>, a 1080 sqm site which will be integrated into The Collective which will span&nbsp;nearly 9,500 sqm across multiple suburban blocks with three towers.

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/50-56%20Atchison%20Street%2C%20St%20Leonards.png?VersionId=fE0DIFFDOLRtOS9dz3K.ozbD3ZOxJ7vt" />

TWT Global, who have developed NewLife Darling Harbour and NewLife Bondi Junction, are committed to fostering cultural vibrancy in St Leonards through its Creative Precinct initiative.

Launched in 2014, the Creative Precinct involves the conversion of several commercial buildings into creative spaces, including artist studios, galleries, rehearsal spaces, recording studios, arts business offices, and creative retail.

The initiative has already supported over 800 artists and creative businesses, providing the local creative community with over 4,000 square metres of subsidised space.

<h2>Project: Nelson Place</h2>

<h3>Location: 9-11 Nelson Street, Chatswood NSW 2067</h3>

<h3>Developer: VIMG</h3>

Developer&nbsp;<a href="/developers/vimg">VIMG</a>&nbsp;is expected to push on with its&nbsp;<a href="/developments/chatswood-nsw-2067">Chatswood</a>&nbsp;project, <a href="/new-apartments/nelson-place-9-11-nelson-street-chatswood">Nelson Place</a>.

After collaboration with the&nbsp;<a href="/developments/willoughby-nsw-2068">Willoughby</a>&nbsp;Council and a design competition, VIMG has submitted a development application for two towers comprising&nbsp;193 apartments, down from the initially forecasted 300 apartments for the site.&nbsp;

The two and three-bedroom apartments are reported to be 15 to 20 per cent larger than the minimum guidelines outlined in the Apartment Development Guidelines.

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Nelson%20Place.png?VersionId=9X41MAysXArdHWHr.xK4cCbZV0gzqzkV" />

The towers, designed by&nbsp;<a href="/architects/dko-architecture">DKO</a>, will rise from a central public plaza with retail and commercial spaces, and landscaping by Land And Form Studios.

Nelson Place includes a landscaped podium roof for residents, featuring outdoor covered yoga and a pool deck positioned to take advantage of the north-facing aspect of the terrace.

The development will be within walking distance of the train station, a large shopping mall, and proximity to high-quality primary and secondary schools.

Read more:&nbsp;<a href="/news/nsw/first-look-vimg-plot-two-tower-chatswood-apartment-development-nelson-place">First look: VIMG plot two-tower Chatswood apartment development, Nelson Place</a>

<h2>Location: 44-52 Anderson Street, Chatswood</h2>

<h3>Developer: Bridgestone Projects</h3>

Sydney developer&nbsp;<a href="/developers/bridgestone-projects">Bridgestone Projects</a>&nbsp;is another looking to change the Chatswood skyline.

They have plans in with council for a plans for a new $90 million apartment development on a 2,687 sqm site at 44-52 Anderson Street.

The proposed project is set to include two towers linked by a green spine and a retail and commercial podium.

Bridgestone is emphasising larger apartment configurations, with only six one-bedroom and 16 two-bedroom apartments planned across the 25-level buildings.&nbsp;

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/44-52%20Anderson%20Street%2C%20Chatswood.png?VersionId=ZvdbVhPp5xBzdbgTh1wBAWgeT9F56YTa" />

The majority of the units will be three-bedroom, duplex-style apartments occupying levels eight through 21.&nbsp;

Above level 22, the development will feature large sub-penthouses and penthouses, with the latter having private rooftop gardens.

The ground floor of the development will host 13 retail and commercial spaces along Anderson, O'Brien, and Day Streets, as well as eight townhouse-style apartments across two levels.&nbsp;

A co-working space will occupy part of level one and level two. Resident amenities on the second level will include a swimming pool, vertical community garden, outdoor gym, and barbecue facilities.

The winning design by architecture firm&nbsp;<a href="/architects/make-architecture">MAKE Architecture</a>&nbsp;balances the scale of the towers with the heritage conservation areas.

Read more:&nbsp;<a href="/news/nsw/bridgestone-file-for-two-tower-chatswood-apartment-project">Bridgestone file for two-tower Chatswood apartment project</a>

<h2>Location: 629-639 Pacific Highway, Chatswood</h2>

<h3>Developer: Polytec</h3>

Another for Chatswood, which had a flurry of applications last year when the&nbsp;CBD boundary to the north was expanded which opened up more favourable height limits to zones previously strictly capped.

<a href="/developers/polytec-australia-development-pty-ltd">Polytec Australia Development</a>&nbsp;filed for a 27-story mixed-use tower with 53 apartments on a 1,184 sqm block at 629-637 Pacific Highway, currently occupied by two separate car service and repair businesses.

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/629-639%20Pacific%20Highway%2C%20Chatswood.png?VersionId=49ehWRLkjesNuci1Fb29D5kLOLQCzA7g" />

The tower, designed by&nbsp;<a href="/architects/pbd-architects">PBD Architects</a>, will include ground-floor retail and commercial spaces within the podium levels, sitting above five levels of basement car parking.&nbsp;

The tower will consist of two one-bedroom apartments, 22 two-bedroom apartments, 28 three-bedroom units, and a penthouse with four bedrooms.

Designed by&nbsp;<a href="/architects/pbd-architects" target="">PBD</a>&nbsp;Architects, the floor plates are optimised for solar access and cross-ventilation, with consideration given to neighbouring context and views.

The site is strategically located around 550 metres south of the Chatswood transport interchange and 750 metres from Chatswood's central retail precinct, providing convenient access to metro, rail, and bus services.

Read more:&nbsp;<a href="/news/nsw/first-look-chatswood-off-the-plan-apartment-development-pipeline-ramps-up">First look: Chatswood off the plan apartment development pipeline ramps up</a>

<h2>Location: 8 Wilson Street, Chatswood</h2>

<h3>Developer: Billbergia</h3>

Last one I promise. Prolific developer&nbsp;<a href="/builders/billbergia-construction">Billbergia</a>&nbsp;revealed its first residential development on the North Shore last year, a $170 million mixed-use development in Chatswood.

Billbergia's Development Director Saul Moran said the project's focus was on innovative live-work typologies to address the growing trend of flexible post-COVID working styles and working from home.&nbsp;

The proposed development comprises two slender 27-storey towers with 251 apartments rising above a two-storey commercial podium.

The podium includes a mix of uses such as retail, commercial showrooms, and flexible SOHO (Small Office/Home Office) style live-work offerings, catering to residents who prefer working remotely in a separate, comfortable, and private setting.&nbsp;

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/8%20Wilson%20Street%2C%20Chatswood.png?VersionId=Kc3xdV4yDA0H0GkWAI9Moh917Korv.sa" />

Billbergia anticipates that the live-work design will resonate with the North Shore market, particularly as approximately 40 per cent of Australians now work from home at least part of the week, according to the Australian Bureau of Statistics.

Additionally, a 70-place childcare centre within the podium aims to provide convenience for working parents.&nbsp;

Residents will also have access to communal facilities, including an outdoor swimming pool, landscaped communal areas, and private open rooftop spaces.

The development incorporates landscaped, through-site pedestrian links, forming a cross-shaped laneway connection with retail tenancies and live-work spaces.&nbsp;

The project also places a strong emphasis on sustainability, with features such as rainwater harvesting, thermal buffers in the podium's landscaped areas, rooftop gardens to reduce rainwater runoff and provide insulation, and solar photovoltaic panels on the roof.&nbsp;

Construction is expected to commence in late 2024, subject to development approval.

Read more:&nbsp;<a href="/news/nsw/billbergia-focus-on-hybrid-remote-working-at-new-chatswood-apartment-development">Billbergia focus on hybrid, remote working at new Chatswood apartment development</a>

<h2>Location: 155-159 Herring Road, Macquarie Park</h2>

<h3>Developer: One Global Capital</h3>

Iwan Sunito's&nbsp;<a href="/developers/one-global-capital">One Global Capital</a>&nbsp;will hope to push the button on their Macquarie Park apartment development designed by Japanese architect&nbsp;<a href="/architects/koichi-takada-architects" target="">Koichi Takada</a>.

Contrary to initial discussions of including a hotel, the development will consist of just over 300 apartments across three towers, as well as activated street-level spaces at 7-11 Lachlan Avenue and 157-159 Herring Road in Macquarie Park.&nbsp;

The Macquarie Park site was acquired as the largest collection sale in Australia in 2022.

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/155-159%20Herring%20Road%2C%20Macquarie%20Park.png?VersionId=0_G0YE.M2DpzPO2Vi3bO2DKi47_pwH5S" />

The apartment distribution includes 35 studio apartments, 149 two-bedroom apartments, 60 one-bedroom apartments, and 60 three-bedroom dwellings. The units range in size from 40 sqm studios to 199 sqm split-level, three-bedroom townhouses. The proposal also includes 'Plus' apartments featuring dedicated study spaces, responding to the rising trend of working from home.

The streetscape design aims to create a permeable pedestrian network and an active retail precinct along Herring Road, with Macquarie University railway station approximately 400 metres away.

One of the towers will feature amenities like indoor and outdoor recreation spaces, a swimming pool, play areas for children, barbecue areas, and rooftop gardens.

The development also includes sustainable initiatives such as rooftop solar panels generating 100 kWh of energy for common areas and corridors, high-performance double glazing within apartments, energy-efficient LED lighting, and electric vehicle charging stations.

Read more:&nbsp;<a href="/news/nsw/iwan-sunitos-one-global-capital-set-for-three-tower-macquarie-park-development">Iwan Sunito's One Global Capital set for three-tower Macquarie Park development</a>

<h2>Location: 45 McLaren Street, North Sydney</h2>

<h2>Developers: Podia &amp; CASA</h2>

Prominent Sydney developer Podia will be looking to launch their joint venture North Sydney development in 2024.

Podia and CASA are seeking to&nbsp;develop 71 dwellings, a mix of apartments and townhouses opposite the recently topped out AURA by Aqualand.

<img alt="North Sydney" data-entity-type="file" data-entity-uuid="49a8fead-dd50-4871-9cb1-d88b0bfb7f21" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-15%20at%208.02.51%20pm.png?VersionId=IlIAQ3oOK9ur7YCiEhfEVZixHdh5rjHF" />

The 14-level tower has been cleverly designed by&nbsp;<a href="/architects/bates-smart" target="">Bates Smart</a>&nbsp;and features a striking stepped form which has the building stagger up to it's 14th level, allowing for a number of large terraces on the upper floors.

<a href="/architects/bates-smart" target="">Bates Smart</a>&nbsp;said the vision is&nbsp;for a sustainable, mixed-use building that provides exceptional dwellings which capitalise on the site’s location between North Sydney’s dense and thriving CBD and North Sydney’s Civic Precinct.

&nbsp;

Read more:&nbsp;<a href="/news/nsw/first-look-podia-and-casa-lodge-bates-smart-plans-for-walker-st-north-sydney-mixed-use-tower">First look: Podia and CASA lodge Bates Smart plans for Walker St, North Sydney mixed-use tower</a>

<h1>&nbsp;</h1>

We've got projects to look out for in Kurraba Point, Macquarie Park, St Leonards and Chatswood

The top nine off the plan apartment developments in northern Sydney look out for in 2024

Melbourne is undergoing massive infrastructure works as part of Victoria's $11 billion Metro Rail Project.

The Metro Rail Project includes the construction of twin nine-kilometre rail tunnels from <a href="/developments/kensington-vic-3031">Kensington</a> to <a href="/developments/south-yarra-vic-3141">South Yarra</a> as part of a new end-to-end service from <a href="/developments/sunshine-vic-3020">Sunshine</a> to <a href="/developments/dandenong-vic-3175">Dandenong</a>.

Five new underground train stations are also being built for the project: <a href="/developments/north-melbourne-vic-3051">North Melbourne</a>, <a href="/developments/parkville-vic-3052">Parkville</a>, State Library, Town Hall, and ANZAC.&nbsp;

The stations will not only enhance public transport accessibility but also offer retail opportunities and benefits to the local areas. The new stations are also expected to alleviate congestion in the Swanston Street/St Kilda Road tram corridor in particular.

ANZAC Station,&nbsp;situated at the corner of St Kilda Road and Domain Road, is set to be a game changer for the St Kilda Rd precinct when it opens in 2025 on the edge of the Shrine of Remembrance Reserve. It will be just one stop to the CBD.

It will serve thousands of residents and workers in the area, with a daily passenger capacity of up to 40,000 by 2031. The station is designed with a distinctive canopy above the tram interchange and will have three main entrances for an integrated passenger experience.

We've had a look at what's being developed in the area, and which new projects will take advantage of the new station.

<h2>Project: The Albertine</h2>

<h3>Address: 31 Queens Lane, Melbourne VIC 3000</h3>

<h3>Developer: Mirvac</h3>

Residents at leading property developer <a href="/developers/mirvac">Mirvac</a>'s latest $200 million Melbourne apartment development, <a href="/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne">The Albertine</a>, will be ideally positioned to take advtange of the new ANZAC Station from its Queens Lane address.

Mirvac snapped up the prime 2,323 sqm site in mid-2022, with the driving force behind the purchase being the unbeatable location.&nbsp;

Read more:&nbsp;<a href="/news/vic/a-parkside-haven-how-mirvacs-the-albertine-takes-advantage-of-melbournes-best-parks">A parkside haven: How Mirvac's The Albertine takes advantage of Melbourne's best parks</a>

[smartcode_project:default project_id=138659 project_image_fid=215870]

The all-electric building will see around 100 large-sized one, two, three and four-bedroom apartments across 15 levels.&nbsp;

Like Mirvac's portfolio, particularly across their Sydney and Melbourne projects, there's also a high level of amenity for residents.

[smartcode_project:default project_id=138659 project_image_fid=215874]

The resident facilities are split across different levels. The Circadian Club will feature an indoor pool and spa, state-of-the-art gym, yoga and Pilates studio, and sauna, while the Elysian Room on level 10 will be residents' exclusive dining space with sweeping views across Melbourne.

Mirvac's award-winning design team handled the interiors, while <a href="/architects/plus-architecture">Plus Architecture</a> created a striking facade with sweeping curves and organic forms.

Read more:&nbsp;<a href="/news/vic/mirvac-partners-with-interior-designer-brahman-perera-on-the-albertine-melbourne-apartment-development">Mirvac partners with interior designer Brahman Perera on The Albertine, Melbourne apartment development</a>

<h2>Project: The Eighth</h2>

<h3>Address: 8 Palmerston Crescent, South Melbourne VIC 3205</h3>

<h3>Developer: Projects by Crema</h3>

<a href="/developers/crema-group">Projects by Crema</a>'s recently completed <a href="/buildings/the-eighth-south-melbourne-22-kings-place-south-melbourne">The Eighth</a> is a mixed-use development between three of Melbourne's best parks and a few hundred metres to St Kilda Road.

The Eighth is in an ideal transport pocket, just off the bus stops on Park Street and the new ANZAC Station.

[smartcode_project:default project_id=5345 project_image_fid=227027]

Designed by <a href="/architects/fraser-partners-0">Elenberg Fraser</a> and <a href="/architects/rob-kennon-architects">Kennon</a>, the 18-level building is home to two levels of commercial office space, 36 high-end apartments, a resident rooftop with a swimming pool and bar, and a new holistic corporate wellbeing business taking up the whole podium level.

The Eighth offers three and four-bedroom apartments ranging from 128 to 256 sqm starting at $1.595 million, featuring an open-plan living room, modern kitchen, stone baths, and private lift access.

Read more:&nbsp;<a href="/news/vic/projects-by-crema-approach-completion-of-south-melbourne-apartment-development-the-eighth">Projects by Crema approach completion of South Melbourne apartment development, The Eighth</a>

<h2>Address: 424–426 St Kilda Road, Melbourne</h2>

<h3>Developer: GURNER™</h3>

Developer <a href="/developers/gurner">GURNER™</a> plans to create an $800 million mixed-use development on St Kilda Road after snapping up&nbsp;<a href="/new-apartments/illoura-house-424-426-st-kilda-road-melbourne">424–426 St Kilda Road</a>, a 4,651 sqm site opposite Albert Park.

The unnamed project aims to include between 160 to 180 residences with uninterrupted views over the Royal Botanic Gardens, Domain precinct, city skyline, and Albert Park Lake.

<img alt=" 424–426 St Kilda Road, Melbourne" data-entity-type="file" data-entity-uuid="fd46c1e8-dc91-4b18-ab27-1e58d9b17f7e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/424%E2%80%93426%20St%20Kilda%20Road%2C%20Melbourne.png?VersionId=aUgtSSa7RYLNWzPoxF8BGI0xlDqMk99P" />

The residences are designed for downsizers and lifestyle upsizers, focusing on wellness and lifestyle.

The plans include on-site retail that complements the prestigious location and wellness amenities to promote a healthy lifestyle among residents.

Read more:&nbsp;<a href="/news/vic/gurner-to-create-the-next-st-moritz-at-newly-acquired-st-kilda-road-melbourne-site">Gurner to create "the next St Moritz" at newly acquired St Kilda Road, Melbourne site</a>

<h2>Address: 437 St Kilda Road, Melbourne</h2>

<h3>Developer: Cbus Property</h3>

Property developer and investor <a href="/developers/cbus-property">Cbus Property</a> marks the first venture into the St Kilda Road precinct with an acquisition of a residential development site at <a href="/new-apartments/four-three-seven-by-cbus-property-437-st-kilda-road-melbourne-vic-3000">437 St Kilda Road</a>, which the company aims to bring the development to the market in 2024.

The site is described as one of Melbourne's premier undeveloped residential opportunities due to its prime location with views across Fawkner Park and proximity to the CBD, Toorak Road, South Yarra, Albert Park, and the future ANZAC Station.

<img alt="437 St Kilda Road, Melbourne" data-entity-type="file" data-entity-uuid="0c50c1d0-afe3-49e3-b4f3-74d0e1cb358d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/437%20St%20Kilda%20Road%2C%20Melbourne.png?VersionId=uG8NYo4ZKUo_Rn9wpu6jBT5GvtS0YDYo" />

The proposed development, designed by the renowned architecture firm <a href="/architects/bates-smart">Bates Smart</a>, envisions 83 apartments spread across 17 levels and will include various residential amenities such as an indoor pool, gym, residents' lounge, and private dining room.&nbsp;

The forecasted end value of the development is $350 million, and it is currently in the process of obtaining development approval from the Department of Transport and Planning.

Read more:&nbsp;<a href="/news/vic/cbus-property-set-for-first-st-kilda-road-apartment-development">Cbus Property set for first St Kilda Road apartment development</a>

<h2>Project: 333 StK</h2>

<h3>Address:&nbsp;333 St Kilda Road, St Kilda VIC 3182</h3>

<h3>Developer:&nbsp;Matrix Developments</h3>

Situated strategically on a 2,540 sqm corner site along St Kilda Road and Blanche Street, <a href="/developers/matrix-developments">Matrix Development</a>'s 333 StK offers convenience and accessibility at its core.

Boasting an excellent transit score of 81, future residents at 333 StK will be just a few metres from a tram stop, benefiting from improved access through ANZAC Station.

The <a href="/architects/rothelowman">Rothelowman</a>-designed 333 StK comprises 76 one, two and three-bedroom apartments, including two limited penthouse duplexes. They will sit above ground level which will have two retail spaces, expected to be a mini grocer and a specialty bakery cafe.

[smartcode_project:default project_id=112949 project_image_fid=252264]

Communal areas include a fully appointed private dining room, a multifunctional lounge that can serve as a media room, conference, and meeting space, a rooftop retreat with a built-in barbecue and comfortable seating areas, and a fully equipped gym exclusively for residents' use.

333 StK will also place residents in proximity to various local amenities and attractions, including St Kilda Esplanade Market, The Avenue Hospital, St Kilda Park Primary School, St Mary College, St Kilda Beach, St Kilda Botanical Garden, and Luna Park.

Construction, led by <a href="/builders/balmain-co">Balmain &amp; Co</a>, is on track for completion in Q4 2025.&nbsp;

<h2>Project: Victoriana</h2>

<h3>Address: 20 Queens Road, Melbourne VIC 3004</h3>

<h3>Developer: CDG Group</h3>

Developed by <a href="/developers/cdg-group">CDG</a> and <a href="/developers/eramount">Eramount</a>, <a href="/buildings/victoriana-melbourne-20-queens-road-melbourne">Victoriana</a> rises above one of Melbourne’s most distinguished and prominent boulevards and a major gateway to the CBD, St. Kilda Road.

St Kilda Rd has some of <a href="/developments/melbourne-vic">Melbourne</a>'s most iconic residential buildings, adjacent to Queens Road which flanks Albert Park Lake and is just a stone's throw away from the upcoming ANZAC Station.

Designed by the multi-disciplined and award-winning architectural practice, <a>Rothelowman</a>, Victoriana stands tall at 18 levels and elegantly slopes between Melbourne Central Activities district and St Kilda Junction, preserving views of the Shrine of Remembrance. This design reduces the visual impact on nearby homes and improves Queens Road's landscaping.

[smartcode_project:default project_id=1979 project_image_fid=78667]

Completed in March 2021 by <a href="/builders/hickory">Hickory</a>, Victoriana boasts 250 oversized two, three, and four-bedroom apartments, including a super penthouse occupying the entire 16th floor.

While most modern apartments feature communal swimming pools, Victoriana elevates the experience by providing residents with their very own pools.

There's a heated 25-metre indoor swimming pool, a steam room and a sauna, as well as a state-of-the-art gym, equipped with cardio and weights, a lounge and garden terrace, and services like concierge assistance, secure video intercom entry, high-speed lift access, and a porte-cochere.

ANZAC Station, situated at the corner of St Kilda Road and Domain Road, is set to be a game changer for the St Kilda Rd precinct when it opens in 2025

The best apartment developments to take advantage of St Kilda Road's new Anzac Station 

The boom of the Gold Coast off the plan apartment market continued in 2023, with some agents reporting they secured more enquiry in sales even compared with 2022.

While not as strong as enquiry from 2020 and 2021 during the pandemic, there was still significant purchasing numbers from the southern state for the mid-level stock, around the $1.5 million mark. Those buyers are either pre-retirees looking to move north in the future, or those who will move up on completion of the development.

Locals have buoyed the market in 2023, feeling like they have more of a chance compared with 2021 and 2022 when southern money quickly snapped up most of the sought-after apartments.

2024 is shaping up to be another strong year on the Gold Coast, with supply still an overarching factor in forecasted price growth.

Downsizers and rightsizers made up the most of enquiry in 2023, with first home buyers all but priced out of quality stock near the sand.

We've looked at Apartments.com.au data to look at which were the most sought-after suburbs for downsizers and rightsizers in 2023.

<h2>Mermaid Beach</h2>

The millionaire's playground of <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach</a> continues to attract downsizers and rightsizers whenever there's a new development, given the opportunity to develop in the pricey suburb is at a premium.

DANKAV's <a href="/new-apartments/laani-26-28-alexandra-avenue-mermaid-beach">LAANI</a> Mermaid Beach on Alexandra Avenue was a favourite for next home buyers. The 48 apartments across an 18-level building presented itself as boutique, but large enough to have significant residential amenity to service the building.

[smartcode_project:default project_id=6997 project_image_fid=185191]

Starting at $1,150,000 for two-bedroom units and $1.75 million for three-bedroom residences, LAANI's amenities sit on level seven and include a heated lap pool, gym, sauna, cinema room, shared office space, private dining, and an outdoor lounge with barbecue facilities.

Around 60 per cent of LAANI's apartments are sold.

Construction is underway, and is expected to be complete by the end of 2024.

[smartcode_project:default project_id=6997 project_image_fid=185664]

Mermaid Beach's only other high-rise development in <a href="/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves</a> Mermaid Beach, which is all but sold out following the conditional sales of their penthouse and sub penthouse just before Christmas.

The apartments, which sold for $6 million and $5.5 million respectively, were secured by local Gold Coast downsizers, one who already resided in Mermaid Beach.

The Rothelowman-designed development, <a href="/developers/hirsch-faigen">Hirsch &amp; Faigen</a>'s third in the Gold Coast after <a href="/buildings/hemingway-1267-1273-gold-coast-highway-palm-beach">Hemingway</a> at Palm Beach and <a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson</a> at <a href="/developments/kirra-qld-4225">Kirra</a>, has continually garnered significant interest since it launched to the market at the start of 2022.

[smartcode_project:default project_id=102451 project_image_fid=194832]

The development features a north-facing swimming pool, yoga deck, gym, sauna, recreation lounge, and barbecue seating.

Apartments at Yves are priced from $1.05 million to $1.3 million.

Queensland’s largest and most reputable builder, <a href="/builders/hutchinson-builders">Hutchinson Builders</a>, anticipates a late-2024 completion date.

<h2>Surfers Paradise</h2>

<a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> is popular with every kind of buyer, from first home buyer and investor to rightsizer and downsizer.

The majority of next home buyer interest came at <a href="/new-apartments/florian-surfers-paradise-42-monaco-street-surfers-paradise">Florian</a>, quietly outside of the central hub of Surfers on the river on Monaco Street.

The development, by <a href="/developers/pacifico-investments">Pacifico Investments</a>, comprises just&nbsp;45 two and three-bedroom apartments across 17 levels. Pacifico went back to the drawing board during the sales process after identifying the demand from the downsizer and rightsizer market for two-bedroom apartments with a multi-purpose room, as well as larger three-bedroom units.

[smartcode_project:default project_id=7349 project_image_fid=207395]

Embracing a French Riviera theme, prominent interior design firm <a href="/interior-designers/coco-republic-interior-design">Coco Republic</a> curated the apartment interiors with light, coastal tones.

There was also next home buyer interest at 26 <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">Vista</a>, the 51-level tower on Vista Street by <a href="/developers/mrcb">MRCB</a>.

<a href="/project-marketer/urban-activation">Urban Activation</a> Sales Director Matt George said there were around 140 sales in the sustainable building in 2023, with both prices and enquiry rising from 2022 levels.

[smartcode_project:default project_id=112730 project_image_fid=211248]

One street back from&nbsp;the sought-after Northcliffe Beach, 26 Vista will have 280 apartments and six three-storey townhouses that front Northcliffe Light Rail Station.

<a href="/architects/dbi">DBI</a>'s design incorporates&nbsp;an internal wellbeing precinct featuring a spa, gym, outdoor yoga space, pool, sauna and steam room and a residents lounge.

<h2>Chevron Island</h2>

Chevron Island's rise in popularity among downsizers is a testament to its status as a hidden gem on the Gold Coast.&nbsp;

The highly sought-after $135 million <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a> project by <a href="/developers/siera">Siera Property Group</a>, which commenced construction last September, reflects the surging demand in the area. Initially marketed as a 22-storey tower, the Tapestry project expanded to incorporate five additional levels, totalling 113 units, to meet market demand in the area.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Designed by local architecture firm <a href="/architects/bda-architecture">BDA</a>, the sculptural tower aims to be a 'cultural continuation' of the neighbouring HOTA precinct.

Located on Darrambal Street near the HOTA precinct, Tapestry benefits from its strategic location, attracting owner-occupiers, particularly downsizers seeking easy access to shops, leisure facilities, and public transport.

[smartcode_project:default project_id=108641 project_image_fid=205166]

Within Tapestry, residents will enjoy the rooftop amenity, set to rival the best on the Gold Coast, featuring a private dining space, which can be closed off to the rest of the rooftop, an infinity pool with views across Surfers Paradise, a gym, and outdoor lounge areas.

Prospective homebuyers still have the opportunity to secure a residence at Tapestry, with two and three-bedroom apartments available starting at $939,900. The completion of Tapestry is slated for July 2025.

The nearby Chevron One has also been popular with rightsizers and downsizers given its uniqueness on Chevron Island. It's set to be the tallest tower the island will ever see, given it was launched and construction had started before the COVID-induced build and labour cost rise.

[smartcode_project:default project_id=6515 project_image_fid=167320]

The project, by Melbourne developer Bensons, will rise 41 levels and will home around 230 apartments when it's completed in 2025. The Marchese Partners-designed building features a raft of resort-style amenity, over 2,000 sqm, far surpassing any other development on the Gold Coast. The Club One residents’ lounge, floating cinema, sculptured gardens and dining facilities.

<h2>Main Beach</h2>

A little like Mermaid Beach, <a href="/developments/main-beach-qld-4217">Main Beach</a> sees an affordable multi-residential development, which is one of the contributing reasons of the success of Drew Group's <a href="/new-apartments/lagoon-main-beach-11-23-cronin-avenue-main-beach">Lagoon Main Beach</a>.

Lagoon Main Beach,&nbsp;two towers centred around a lagoon pool on Cronin Avenue, has been Main Beach's most popular project for a number of years.

[smartcode_project:default project_id=108747 project_image_fid=221589]

The two towers Sunrise and Sunset comprise 259 apartments with extensive&nbsp;podium-level amenities including a barbecue garden, a fully equipped function lounge, a fitness centre with a connected yoga terrace, and a 24/7 network-connected boardroom designed for flexible co-working needs.

There was a recent flurry of sales, the majority to southern state dwellers, who were buying the expensive two-bedroom and three-bedroom apartments with a view to move to Main Beach once the project is completed by Hutchies in late 2025.

[smartcode_project:default project_id=108747 project_image_fid=191661]

Lagoon's prime location in the heart of Main Beach provides residents with easy access to the beach just 150 metres away and the famous Tedder Ave, known for its quality restaurants, cafes, and boutique shops.

<h2>Broadbeach</h2>

<a href="/developments/broadbeach-qld-4218">Broadbeach</a> is seeing a boom in popularity as a mix of high-rise, amenity-laden apartment projects are mixed with luxury, full-floor projects for the more affluent buyer. The suburb offers something for everyone.

Catching all segments of the market, particularly next home buyers who want everything at their doorstep, has been <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>, the mega-precinct by Iris Capital.

[smartcode_project:default project_id=107928 project_image_fid=241133]

Over 50 per cent of the 400 apartments have been snapped up on the site of the former Niecon Plaza. The apartment towers will rise above a significant $200 million commercial precinct at the foot of the building, with residents of V&amp;A afforded direct access to the heart of it.

As expected in a large-scale development, V&amp;A features a range of resort-style amenities, including a 25-metre lap pool, spa, steam room, Zen garden, yoga deck, resident's lounge, and a kids' club area with a playground, all surrounded by sub-tropical gardens.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=234095]

A popular new project that's just hit the market in Broadbeach is <a href="/builders/morris-property-group">Morris Property</a>'s <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a> on Armrick Avenue, designed for the owner-occupier.&nbsp;

The 40-level tower offers 182 two and three-bedroom apartments by Canberra-based architecture firm <a href="/architects/guida-moseley-brown-architects">Guida Moseley Brown</a>.&nbsp;

[smartcode_project:default project_id=112024 project_image_fid=241133]

Crest Broadbeach's extensive amenities on the podium's second level include a pool, gym, lounge space, and a communal barbecue area, all wrapped with terraces featuring seating and dining areas.&nbsp;

The strategic location, situated across from the Broadbeach Bowls Club, not only ensures proximity to amenities but also offers protected views to the south, making it an appealing prospect for downsizers and rightsizers.

Urban's top five most popular Gold Coast suburbs for downsizers and rightsizers in 2023

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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