Harry Triguboff's apartment giant Meriton has revealed the full plans for its debut apartment development in Brisbane.

Having bought the Gardens Apartments building at <a href="/new-apartments/204-alice-street-brisbane">204 Alice Street last year</a>, <a href="/developers/meriton">Meriton</a> has filed plans for two massive skyscrapers with 795 apartments designed by their go-to architect in Queensland DBI, who has designed Meriton's recent Gold Coast portfolio.

The $1.3 billion development on the 5,485 sqm site directly across the road from the City Botanic Gardens from the Alice Street frontage, will also include a childcare centre, retail and food and beverage spaces, and communal open space facilities like swimming pools, an outdoor gym and play space on the level five podium level, before it gives way to the main tower structure.

<img alt="Alice St Brisbane" data-entity-type="file" data-entity-uuid="724f2714-7819-4b3f-bc80-6358ab5cb9fb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-10%20at%208.48.32%20am.png?VersionId=YmnsitwRbYgiW33GJ4xxve8r4_D6C8Yh" />

The majority of apartments are two-beds (521), while every one-bedroom apartment (208) has a study. There's 156 three-bedroom apartments and 32 four-bedders.

There's 913 parking spaces across the five basement levels and four podium levels.

DBI said in their Urban Design Context Report submitted to the <a href="/new-apartments/brisbane-qld">Brisbane</a> City Council that the&nbsp;two-tower development takes cues from the surrounding context including the city’s urban fabric as well as the Botanic Gardens and seeks to compliment the adjacent heritage and place character.

"The development is set to become a landmark Brisbane destination and provides a visable presence on the skyline of the city.

"The tower plates have been carefully shaped to maximise the amenity of future residents and visitors and provide generous balconies offering access to Brisbane’s outdoor lifestyle. The towers are strategically located to minimise overshadowing and over-dominating the Botanic Gardens. The sculpted subtropical podium conceals a multilevel carpark, sleeved by activated uses and features a double-height lobby framed by the backdrop of the Botanic Gardens."

<img alt="Meriton" data-entity-type="file" data-entity-uuid="2d36ce6c-c90d-4b09-95f9-8c1bb093a16b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-10%20at%208.48.04%20am_0.png?VersionId=vXDDD85FhAZcyacVbmE1uVKkJgmFdYN0" />

They said 204 Alice Street is at "the centre of a critical mass of new activity, urban living and commerce."

"The area around 204 Alice Street is positioned for further dynamic growth in the years to come with a proposed transformation of the Eagle Street Pier Precinct into a world class mixed-use riverside destination, Waterfront Brisbane," DBI said.

"Another large-scale development within Brisbane’s CBD is the Queen’s Wharf project, set to transform the river’s edge into a cultural and entertainment precinct by April 2024, placing Brisbane on the international stage."

Tower A, positioned on the Alice Street frontage of the site, is the taller tower at 79 levels The slender tower is broken down into three golden beaks which reduces the built form's scale from podium to rooftop.&nbsp;

"The tower design draws inspiration from the neighbouring Botanical Gardens with a finer grain branch like pattern that invites a sense of movement and physically draws the eye away from the centre of the built form emphasising the towers articulated footprint and corners," DBI say.

The neighbouring tower, Tower M, references the Margaret Street frontage of the large site.

The upcoming design phases will include a Public Art Strategy to identify strategically located and integrated works of art that enhance and activate the site.

"The precinct has been designed to create a symbiotic relationship between the architecture and landscape," DBI added.

"Brisbane’s sub-tropical environment is reflected in the dense planting of the podium, outdoor terraces, and elevated green spaces, creating an ideal refuge for residents and visitors. Lush vegetation, natural stone and textured materials provide a sense of calm and tranquility that transitions the site towards the City Botanic Gardens."

<img alt="Meriton" data-entity-type="file" data-entity-uuid="3ce546c9-b9c1-4a0a-9cb9-2e0e30b1b7f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-10%20at%208.48.12%20am.png?VersionId=sU7NsvGPPCWz0V2CYLMyz4oO5HXMkUlm" />

Town Planning Report by Urban Planning Services said&nbsp;the proposed development will reinvigorate the subject site and its setting within the City Centre, delivering high-quality apartments in a well serviced centre of the City promising to improve the choice and availability of housing to meet the substantial demand presently being experienced in South-east Queensland.

The proposed redevelopment, providing new residential living opportunities in a location where residents will benefit from ease of access to all of the shops, services and attractions of the Brisbane CBD, including high frequency public transport services, and the greenspace and recreational opportunities afforded by the proximity to the City Botanical Gardens and river corridor, represents a logical and responsible approach to its renewal.

Overall, the proposed development will deliver a substantial investment in the rejuvenation of this centrally located site, securing efficient use of the site to provide much needed new housing opportunities, together with tourist accommodation and active commercial frontages, including a much sought pedestrian laneway through the site. The proposals will contribute positively to the economy and vitality of the City Centre.

In September&nbsp;<a href="/developers/meriton" target="">Meriton</a>&nbsp;was recognised as the busiest builder in Queensland for 2022-23, despite challenges in the construction sector.

The company has also been named Australia's top apartment builder in the HIA COLORBOND® Steel Housing Top 100 Report and has a 4.5 Gold Star iCIRT rating.

Joel Robinson

First look: Meriton's full plans for first Brisbane apartment development revealed

Sydney's inner ring suburbs are continuing to gentrify, and with that gentrification comes the want for new apartments.

Last year&nbsp;I remember speaking to Sal Quah, Deputy Managing Director at Melbourne-based developer ICD Property. He said Sydney is like Australia's New York.

"If you've done it [developed] in Sydney, then you've made it," Quah said, admitting that Sydney had always been on the radar for the prolific Melbourne CBD developer.

Indeed Sydney ranks fifth in Knight Frank's Global Prime Residential Forecast for 2024, with five per cent growth predicted ranking the harbour capital ahead of the likes of Miami and Monaco and on par with Madrid and Dubai.

While a number of city-changing projects are underway in the Sydney CBD and the surrounds, we've looked past those and to some major, and some more boutique projects which are likely to be available to purchase in 2024.

<h2>Project: City Tattersalls Club</h2>

<h3>Location: 194-204 Pitt Street, Sydney NSW 2000</h3>

<h3>Developer: ICD Property</h3>

Melbourne-based developer&nbsp;<a href="/developers/icd-property">ICD Property</a>&nbsp;and their joint venture partners, Singapore-listed First Sponsor, will be looking to launch their redevelopment of the <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney">City Tattersall Club</a> this year, having already started construction on the landmark project.

The redevelopment involves the construction of a new 50-level tower above the restored, heritage listed parts of the original building. The tower will home 241 apartments and a high-end hotel with around 110 rooms.

[smartcode_project:default project_id=12428 project_image_fid=152517]

Located in the heart of Pitt Street near Westfield’s entertainment, dining, and shopping precinct, as well as Hyde Park, the residences are expected to offer a prime location with uninterrupted water views, connectivity, amenities, and location.

Read more:&nbsp;<a href="/expert-insights/how-icd-became-the-go-to-development-partner-for-australias-biggest-councils">How ICD became the go-to development partner for Australia's biggest councils</a>

<a href="/builders/richard-crookes-constructions">Richard Crookes Constructions</a> has been appointed as the builder for the redevelopment project.

Project architects <a href="/architects/fjmt">fjmt</a> and <a href="/architects/bvn-architecture">BVN Architecture</a> will work with the builder to deliver guest rooms and residences that pay homage to the site's heritage significance.

The project is expected to support more than 1,600 jobs during the construction phase and create significant long-term economic benefits once completed. Construction completion is expected in 2026.

<h2>Project: Fig &amp; Wattle</h2>

<h2>Location: 14-26 Wattle Street, Pyrmont NSW 2009</h2>

<h2>Developer: Landream</h2>

<a href="/developers/landream">Landream</a>&nbsp;will be looking to advance their plans in Pyrmont for their $330 million, multi-building development, Fig &amp; Wattle.

Landream is set to capitalise on the $750 million Sydney Fish Markets redevelopment at Blackwattle Bay, adjacent from the 12,381 sqm Wattle Street site they bought from the Sydney City Council in 2021.

Sydney-based architecture firm BVN won the design competition, a competition which the City of Sydney Council makes all large-scale developments go through.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-landreams-330-million-mixed-use-pyrmont-plans-revealed">First look exclusive: Landream's $330 million mixed-use Pyrmont plans revealed</a>

The development will comprise five buildings, with four housing a total of 237 apartments, featuring a mix of one, two, and three-bedroom units.

<img alt="Landream" data-entity-type="file" data-entity-uuid="75b09cbe-54a1-4948-bc6b-6246a677c2c5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%208.17.21%20pm.png?VersionId=48WSLqjx6Zmht4Ntecq8ZDykrHhErdVc" />

The fifth building will be dedicated to commercial and office space.

One residential building will include a recreation centre with two multi-purpose indoor courts and a childcare centre.

BVN's design statement emphasises sustainability initiatives, including rainwater storage, rooftop landscaping, natural light, and ventilation for apartments, as well as efficient services like extensive bicycle parking and composting facilities.

<h2>Project: Green Square</h2>

<h2>Location: 960A Bourke Street, Zetland</h2>

<h2>Developer: Mirvac</h2>

<a href="/developers/mirvac">Mirvac</a> will be hoping to launch their next phase of the Green Square redevelopment in <a href="/developments/zetland-nsw-2017">Zetland</a> this year, pending council approvals.

The Green Square redevelopment has been a long-standing collaboration between Mirvac and <a href="/developers/landcom">Landcom</a> since 2012.

Over the past decade, the focus has been on a 13.7-hectare block around the Green Square Train Station, leading to the construction of apartments, food and beverage establishments, a library, and a primary school.

The latest $315 million plans are for&nbsp;three towers, two designed by <a href="/architects/tzannes-architects">Tzannes Architects</a> and one by <a href="/architects/bates-smart">Bates Smart</a>, in collaboration with Mirvac's in-house design team.

<img alt="Mirvac" data-entity-type="file" data-entity-uuid="6b4eab71-5eb5-43e2-a669-eb0f9e0de7d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%208.40.53%20pm.png?VersionId=ioIPz7ikslzKaO8wv4RfqPzNPIb8T30j" />

First look:&nbsp;<a href="/news/nsw/first-look-mirvac-continue-green-square-transformation-with-three-tower-mixed-use-development">First look: Mirvac continue Green Square transformation with three-tower mixed-use development</a>

The amalgamated 3,688 sqm block will flank the Green Square central plaza.

Tzannes designed a 19-level and a 14-level building which will have 124 and 183 apartments respectively, mostly two-bedroom apartments, and a few two and three-bedroom townhouses. They will feature 14 retail spaces at their base.

Meanwhile, the 21-level building designed by Bates Smart will have a further 77 apartments with a mix shifted towards larger owner-occupied dwellings.

Over 1,000 residents have already moved into the precinct, with another three projects, Portman on the Park, The Frederick, and Portman House, <a href="/news/nsw/mirvac-tops-out-three-green-square-apartment-projects">recently topping out</a>.

<h2>Project: One Sydney Park</h2>

<h3>Location: 205-225 Euston Road, Alexandria NSW 2015</h3>

<h3>Developer: HPG Australia</h3>

2024 is likely to be the year&nbsp;<a href="/developers/hpg-australia">HPG Australia</a> relaunch their transformative <a href="/new-apartments/one-sydney-park-215-euston-road-alexandria">One Sydney Park</a> development in <a href="/developments/alexandria-nsw-2015">Alexandria</a>.

The development, which faced launch challenges given it was launched right before the pandemic shut the country down, is set to repurpose a historically significant yet previously underutilised 2.1-hectare former warehousing site within Sydney Park.

One Sydney Park comprises eight low-rise buildings designed to house one, two, and three-bedroom apartments, luxurious penthouses, and terraces.

<img alt="One Sydney Park" data-entity-type="file" data-entity-uuid="f5a4aa37-cdc9-40a0-81cc-fbf801c26eb5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%208.24.08%20pm.png?VersionId=Uu4FDaKRyxnjwwLxnKLAPrZXQv.uj3Ot" />

The project is designed by a string of award-winning architects including&nbsp;<a href="/builders/mhn-design-union">MHN Design Union</a>&nbsp;and Silvester Fuller, in collaboration with renowned international interior firm <a href="/architects/make-architecture">Make Architecture</a>&nbsp;and landscape designers from <a href="/architects/sue-barnsley-design">Sue Barnsley Design</a>.

Most units offer park views and come with private courtyards, with some terraces opening directly onto Sydney Park. There's a series of rooftop terraces with community gardens.

<h2>Project: Farr Street</h2>

<h2>Location: 41-47 Farr Street, Marrickville</h2>

<h2>Developer: Rebel and Braxton</h2>

<a href="/developers/rebel-property-group">Rebel Property Group</a> and <a href="/developers/braxton-capital">Braxton</a> will be launching their recently approved Marrickville project, the first residential development in the newly rezoned Timber Yards Precinct in <a href="/developments/marrickville-nsw-2204">Marrickville</a>.&nbsp;

The PBD-designed project is designed with a focus on owner-occupiers, catering to the needs of the changing and vibrant Marrickville community.

<img alt="Farr st" data-entity-type="file" data-entity-uuid="efe68f88-bb3e-4c04-91e0-f9e4b5c241de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%208.21.22%20pm.png?VersionId=O4GbFGUDtmrwfGF3CCsR1kj6bC31CP0r" />

More than 50 per cent of the residences will be large three-bedroom apartments, targeting young families and older couples looking for modern living options in Marrickville.

The joint venture partners has also acquired the neighbouring 37 Farr Street where they are planning a community pocket park with amenities such as a children's playground, BBQ, seating, and lush landscaping.

Inner Sydney's top five off the plan apartment developments to look out for in 2024 

We've taken a look at which developers are set to be contributing to Melbourne's new development space in 2024

The top 11 Melbourne off the plan apartment developers to look out for in 2024

The landscape of Broadbeach is changing ever year.&nbsp;

Nearly two years ago I wrote a <a href="/news/qld/why-its-all-about-broadbeach-in-2022">piece about Broadbeach and its lifestyle and location factors</a> drawing both buyers and developers, with&nbsp;Mosaic Property boss Brook Monahan and CBRE Residential Gold Coast Projects Director Nick Clysdale explaining what it was about <a href="/developments/broadbeach-qld-4218">Broadbeach</a> that buyers and developers saw in the suburb just south of <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

Monahan put his money where he mouth was so to speak, securing two sites for his first two projects in the suburb, Marella by Mosaic and Lily by Mosaic, both of which have had huge sales success since launching.

Broadbeach has remained a top spot for developers since then, with a number of development sites transacting. There's a healthy mix of large scale, full-floor apartments for the more affluent buyer, and higher density two and three-bedroom apartmens which cater to a wider market.

A number of projects are looking like they'll go ahead in 2024. We've taken a look at five developments which caught our eye.

<h2>Project: SOLA Broadbeach</h2>

<h3>Location: 158 Surf Parade, Broadbeach QLD 4218</h3>

<h3>Developer: Ature Group</h3>

The Queensland-based&nbsp;AtureGroup, well known for the popular fashion boutique Sabo Skirt and Zaco, will launch SOLA Broadbeach this year on one of Broadbeach's most popular streets.

SOLA, located at 158 Surf Parade, is designed to cater to owner-occupiers, comprising 20 three-bedroom apartments across 22 levels.&nbsp;

Designed by Prospect Apartment Architecture, the development focuses on high-quality architectural expression, orienting the building towards the east to maximise parkland and ocean views while ensuring privacy from neighbouring buildings.&nbsp;

<img alt="SOLA Broadbeach" data-entity-type="file" data-entity-uuid="79fdeb92-619a-4eaa-a0c9-068920df580f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.08.58%20am.png?VersionId=.pZtFBbNKdhdkpzAMXoN7Wh07N20gTnA" />

Each 200 sqm apartment includes three bedrooms, a multi-purpose room, and a kitchen with a butler's pantry. The master suite features an ensuite and a walk-in wardrobe.

Residents will also have access to several amenities on the podium level including a wellness zone with a mineral spa, ice pools, gym, steam room, a sauna, a covered indoor-outdoor swimming pool and a communal deck area.

The Kouzoukas family, signalling confidence in the project, plans to retain several apartments for extended family use.&nbsp;

To find out more about SOLA, <a href="/news/qld/first-look-sabo-skirt-family-file-debut-gold-coast-apartment-tower-on-broadbeachs-best-street">click here</a>.

<h2>Project: Chelsea Avenue, Broadbeach</h2>

<h2>Location: 42-46 Chelsea Avenue, Broadbeach QLD 4218</h2>

<h3>Developer: Amalgamated Property Group</h3>

Following the successful launch of Amaya Broadbeach at 30 First Avenue, Canberra-based apartment developer Amalgamated Property Group (APG) is expected to launch its second Broadbeach project in as many years.

They snapped up an 1,820 sqm Chelsea Avenue site from Raptis, who had approved plans for a 41-level tower designed by Archidiom.

APG has had DBI make some amendments, changing the apartment mix to make 148 two-beds, a number with a study, and 37 three-bed apartments.

The recreational amenities for residents will be situated on the fourth level, offering a range of facilities such as a swimming pool, residents' lounge, community living area with barbecue and outdoor dining space, gardens, gym, sauna, and a yoga/meeting room.&nbsp;

<h2>Location: 33-37 Armrick Avenue, Broadbeach QLD 4218</h2>

<h3>Developer: Armrick Developments Pty Ltd</h3>

Former footballer Scott Crow is expected to launch his debut Gold Coast apartment development in Broadbeach after securing approval for the 33-level apartment tower in December.

The tower across an amalgamated 1,750 sqm triple site at 33 Armrick Avenue will home 203 one, two, three, and four-bedroom apartments.&nbsp;

Plus Architecture designed the tall, curved tower, with the intention of the design to embrace the sub-tropical coastal lifestyle of the Gold Coast.

The recreation level, located on the third floor of the podium, offers a range of amenities, including a gym, outdoor lounge with a fire pit, yoga deck, cold pools, a large pool, floating day beds, a spa, private cabanas, sauna and steam rooms, barbecue areas, and a bar nook.

<img alt="Armrick" data-entity-type="file" data-entity-uuid="8bb67bc5-12df-41eb-acae-39d12d5b8695" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.12.12%20am.png?VersionId=VKUoEjLeTgaAPBBSrh8JkCy7_x41_C8J" />

Apartment levels start from the fifth floor, with eight units per floor up to level 21. The upper levels of the tower feature a collection of sub-penthouses and penthouses.&nbsp;

Level 31 includes four sub-penthouses, each equipped with a master suite, additional bedrooms and bathrooms, a laundry room, a multi-purpose room, a butler's pantry, and an open-plan kitchen, dining, and living space leading to a private outdoor area.

The development culminates in two mirroring two-storey penthouses featuring three bedrooms. The eastern side of the penthouses features a pool, sun deck, outdoor kitchen, barbecue area, dining space, and a fire pit.

The new tower will be located near Morris Property Group's Crest Broadbeach at 13 Armrick Avenue.&nbsp;

<h2>Project: Lusso Sky Homes Broadbeach</h2>

<h3>Location: 11 Anne Avenue, Broadbeach QLD 4218</h3>

<h3>Developer: Di Carlo Property Group</h3>

Brisbane-based Di Carlo Property Group is another who has development approval for their Broadbeach tower, Lusso Sky Homes.

Lusso, which means luxury in Italian, marks a return to the Gold Coast apartment market for the Brisbane-based developer.

The project at 11 Anne Avenue will comprise&nbsp;15 full-floor apartments designed by Hayes Anderson Lynch Architects.&nbsp;

The four-bedroom apartments offer over 200 sqm internally, complemented by a balcony of over 40 sqm.&nbsp;

<img alt="Di Carlo" data-entity-type="file" data-entity-uuid="08885c56-4b8b-441e-bb16-d7c71b96319b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.15.32%20am.png?VersionId=z.pypCcvmFHyPoo_kL2CNb7AhuHsp682" />

Alfie Di Carlo anticipates strong interest from local downsizers seeking spacious living without compromising on luxury and from interstate or Brisbane-based holidaymakers and weekenders seeking a high-end holiday home.

"We produce boutique, owner-occupier developments in Brisbane so we definitely wanted to stay in our lane and produce something that would service that type of buyer on the Gold Coast,"&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;told Urban.

"Its a really nice pocket of the Gold Coast and it's always been on the agenda."

To read more about Lusso Sky Homes, click here.

<h2>Location: 155 Old Burleigh Road</h2>

<h3>Developer: Polycell Group</h3>

It might be ambitious for Polycell Group, developer of The Rochester in Broadbeach which is over 50% sold on Surf Parade, to get to the stage of launching their second Gold Coast apartment development on Old Burleigh Road.

Last year Polycell acquired 19 apartments in the Sandpiper building at 155 Old Burleigh Road, paying&nbsp;$15.5 million for the apartments from developer Peter Priest of Trenert.

The Sandpiper building was at the centre of a legal dispute earlier in the year when Trenert decided to abandon its plans to buy out the remaining owners, claiming that rival developers used confidential information to secure apartments and thwart the redevelopment.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="1ea7dc21-37a0-46ec-98bd-641c0e9ecade" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.07.51%20am.png?VersionId=ibacJlFsngOGz_HJpCdo.H.O7D6S.Ku_" />

The 1,828 sqm site of the Sandpiper building is situated on the corner of Broadbeach Boulevard and Albert Avenue directly opposite Kurrawa Park, providing unobstructed views of the beach and ocean.&nbsp;

Read more:&nbsp;<a href="/news/qld/exclusive-the-rochester-developer-polycell-locks-sights-on-next-gold-coast-apartment-project">Exclusive: The Rochester developer Polycell locks sights on next Gold Coast apartment project</a>

Broadbeach has remained a top spot for developers, with a number of development sites transacting

What to look out for in the Broadbeach off the plan apartment market in 2024

Sydney builder developer Luxcon Group's debut <a href="/developments/gold-coast-qld">Gold Coast apartment development</a>, Escape, is set to begin its construction phase after securing $75 million worth of sales in the Garfield Terrace, <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>&nbsp;building.

The $250 million <a href="/new-apartments/escape-surfers-paradise-63-garfield-terrace-surfers-paradise">Escape</a> comprises 31 full-floor private residences and two double-level penthouses. Nine apartments have sold so far, predominantly to Gold Coast locals.

The apartments, priced from $6.45 million, each have 360-degree views of Gold Coast’s famous shoreline and its beaches, as well as the hinterland.

[smartcode_project:default project_id=113448 project_image_fid=221791]

Project sales and marketing agency TOTAL Property Group saying the sales, secured before the display gallery was opened, demonstrated the “unprecedented” high demand for ultra-premium apartments in Gold Coast’s most desirable beachfront location.&nbsp;

TOTAL Property Group Managing Director Adrian Parsons says demand for Escape’s elite full-floor sky home apartments can be attributed to the absolute beachfront location, the quality of the architectural and interior design and confidence in the builder developer's reputation for the impeccable level of attention taken to deliver some of Australia’s most prestigious private apartment residences.

“Luxcon is a vertically integrated builder developer with a strong reputation for successfully delivering ultra-luxury residential projects in some of Australia’s most highly desirable and exclusive locations,” Parsons said.

“They have an impressive portfolio of award-winning high-end developments in Sydney and Melbourne’s exclusive residential areas and this gives prestige property purchasers a great deal of confidence when buying off the plan.

“Being an award-winning builder-developer that specialises in the construction and delivery of exclusive ultra-luxury residential projects, we expect apartment sales to increase when construction begins.

“The opportunity to develop a premium absolute beachfront site and an unprecedented demand for this type of luxury on the Gold Coast motivated Luxcon Group to create a premium apartment development and offer two different floor plans that meet the unique needs and wants of prestige property purchasers."

[smartcode_project:default project_id=113448 project_image_fid=221792]

Buyers of the full-floor sky homes, designed by PBD Architecture with interiors by Coco Republic, have the option of two floorplan configurations that include one with a master bedroom on the beachfront for people who want to wake up and look at the ocean and the second floorplan for people who want to maximise their living and entertaining spaces looking out to the beach and ocean. The floorplans range from 311 sqm to 293 sqm.

Exclusive residents’ amenities include a beachfront pool, outdoor lounge and cabanas, surfboard storage, oceanfront business centre with boardroom facilities, private fitness centre, and sauna and steam room.

[smartcode_project:default project_id=113448 project_image_fid=221790]

Parsons says the&nbsp;architectural design and two whole floors of extensive five-star amenities have been extremely favourable with apartment buyers.

<a href="/developers/luxcon-group">Luxcon Group’s </a>Founder and Managing Director Ilya Melnikoff said it was encouraging to see early market acceptance for the Group’s first Gold Coast development of five-star private sky home residences at Escape.

“Working with PBD Architecture, Coco Republic and TOTAL Property Group in planning Escape, the focus was to create a point of difference in the beachfront apartment living with Australia’s natural coastal beauty and complement the unique cosmopolitan style of the Gold Coast,” Melnikoff said.

“Our vision for Escape is to offer beachfront residences characterised by unparalleled style and quality.

"We are thrilled by the incredibly positive reception, particularly from local buyers who are demonstrating strong confidence in the development. As the builder and developer responsible for delivering this project, we will ensure the building will be delivered to the same ethos as we show in all of our marketing and past projects and philosophy that will follow throughout our project.”

[smartcode_project_cta:default project_id=113448]

Adrian Parsons says the architectural design and two whole floors of extensive five-star amenities have been extremely favourable with apartment buyers.

Luxcon to commence construction on Escape, Surfers Paradise apartments after first release sellout

Veteran Brisbane developer <a href="/developers/stockwell">Stockwell</a> is continuing to expand its Fish Lane residential portfolio.

Their latest step in development surrounding the sought-after pocket toward the northern end of South Brisbane is a 30-level tower at <a href="/new-apartments/175-melbourne-street-south-brisbane">175 Melbourne Street</a>, South Brisbane, a 1,40 sqm site on the corner of Melbourne Street and Edmondstone Street. The site is next door to The Standard by ARIA Property Group, the developer of Fish Lane's buzzing retail and dining strip.

Stockwell, the family-run developer who has been developing in Brisbane since the early 1950s, is producing a heavily-targeted owner-occupier tower, with the majority of the 130 apartments four and five-bed. They're proposing just 27 two-beds and 25 three-beds, some 52 four-bedroom apartments, and 26 five-bedroom apartments.

The apartments will sit above a three-level parking podium and a ground level commercial tenancy, while resident amenity is provided in the form of a rooftop garden with a 17-metre swimming pool and spa, a function room with an outdoor terrace, a gym, yoga lawn and dog park. There will be 240 parking spaces and 164 bicycle spaces.

Stockwell will be delivering the project in two stages, the first being the basement, podium, and tower up to level 20, and the second stages level 21 to 30.

<img alt="Stockwell" data-entity-type="file" data-entity-uuid="d6ca72ac-bdeb-4565-8310-517046e43164" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-05%20at%201.56.55%20pm.png?VersionId=rZ06E5KS5q41KGsSWy744by6KlYWmKf8" />

Architecture firm MODE said in their design statement that the&nbsp;design has been developed to provide a high-quality building with extensive landscaping and materiality to further enhance Melbourne Street as a sub-tropical boulevard.

"The front edge of the building is landscaped with large deep planters to soften this edge and contribute to the sub-tropical nature of Melbourne Street," the report read.

They said the design of the streetscape has many opportunities for the display of public art.

"The lobby and tenancy raised to the required flood level, gives the opportunity to introduce a prominent grand entry staircase and ramp integrated with extensive landscaping. Large glazed facades are featured on the entry lobby and tenancy to facilitate street activation and casual surveillance."

Mode said the&nbsp;existing seats, artwork and planting on Melbourne Street will be retained and create a dialogue with the new entry steps.

The podium façade is clad in a brick skin and brick fins in reference to the local context and identity of South Brisbane, a material&nbsp;featured along Melbourne St and Fish Ln on both historic and new buildings including Stockwell's under construction apartment developments Croft on Fish Lane and Cremorne on Fish Lane.

<img alt="Stockwell" data-entity-type="file" data-entity-uuid="3acab36d-6b9b-4d18-b8e5-a5d487b4a810" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-05%20at%202.02.46%20pm.png?VersionId=1YrEmL.LJXruJsK.Tt01PJupuKQnaDmF" />

Stockwell, led by managing director Mark Stockwell, has a number of projects in development across Brisbane.

Their most impressive is Stones Corner Village, where they're intending to redevelop their current retail and dining precinct just off Hanlon Park.

They've proposed a new mixed-used precinct at 405 Logan Road, which will incorporate 209 apartments across two towers, dubbed Logan and Cleveland, which will sit above 3,000 sqm of retail.

Read more:&nbsp;<a href="/news/qld/first-look-stockwell-plot-stones-corner-village-redevelopment">First look: Stockwell plot Stones Corner Village redevelopment</a>

Stockwell has owned the 5,709 sqm site since 2006, which currently homes 20 retailers and is anchored by an Aldi. Over 500 new car parking spaces will be provided, and 252 bicycle spaces.

Stockwell also has a&nbsp;build to rent project in West End at 399 Montague Road, a few doors down from <a href="/news/qld/first-look-mcnab-file-for-montague-street-west-end-apartment-development">McNab''s recently filed plans for the redevelopment of the former Dixon's Tannery</a>.

Stockwell, led by managing director Mark Stockwell, has a number of projects in development across Brisbane

First look: Stockwell to pad out Fish Lane precinct with more apartments

Given the further interest rate rises in 2023, it was no surprise to anyone that the dominant buyer demographic in the off the plan property market was downsizer.

Not subject to large mortgages given they're selling their longtime family home and looking for something smaller, downsizers are the only buyer camp who doesn't tend to need to look at what moves the RBA are making each month.

It's particularly the case in Sydney where the price of houses has skyrocketed more than any other capital over the last two to three decades. That's put an astronomical amount of money in their pockets which they'd struggle to spend even downsizing to the most luxurious apartment.

We've looked at our data to see which were the most popular suburbs for downsizers on Urban in 2023.

<h2>Castle Hill</h2>

Situated in Sydney's northwest, Castle Hill has emerged as a top pick for both rightsizers and downsizers. The area is being given a facelift with the $1 billion Metro Showground redevelopment and the introduction of the new Sydney Metro, connecting residents to the city in as little as half an hour.

Popular with downsizers who were both buying the penthouse size apartments as well as amalgamating is Grand Reve, the Garthowen Crescent development by luxury home builder turned developer Kassis Homes.

Billed as the most prestigious development in the Hills area, Grand Reve comprises to buildings – one 12 storeys and the other 16 storeys. Kassis were clever in the design phase, developing floorplate which lent themselves to apartment amalgamations should the question be posed.

[smartcode_project:default project_id=94147 project_image_fid=197727]

McGrath Projects Associate Director Adam Sparkes said the majority of the purchasers throughout the whole campaign have been downsizers and rightsizers.

Hills District local Lillian took just a month to decide Grand Reve was where she wanted to downsize to.

"At Grand Reve, I feel as though I’m in a leafy, quiet family suburb but also incredibly close to a mega shopping centre with good retailers, entertainment and restaurants," Lillian says, adding that the metro also being close by is "win-win".

[smartcode_project:default project_id=94147 project_image_fid=197721]

Lillian purchased a three-bedroom apartment, emphasising that the sunshine aspect and the view from the apartment were important features for her.

"Grand Reve has quality, good design and size, and the location is excellent.

"Functionality and design are both important and foremost in my thoughts, being middle-aged, well versed in life experiences, busy and ready for refinement and minimal fuss."

<h2>North Sydney</h2>

Known for its vibrant atmosphere and strategic location, North Sydney remains one of the top favourites for downsizers looking to maintain an urban connection amidst picturesque parks and cultural attractions.

Aura by Aqualand in North Sydney has become the preferred choice for downsizers as the development checks all the essential boxes.

[smartcode_project:default project_id=30959 project_image_fid=202656]

First and foremost, the size and aspects of the apartments at AURA align with the downsizer brief. AURA's oversized apartments exceed the North Sydney Council's minimum building requirements by a large margin.&nbsp;

The standard size for a two-bedroom apartment in the area is 80 sqm, with AURA’s measuring 95 sqm, plus a wintergarden, making them well over 100 sqm in total.

AURA’s design was revised three times to increase the size of the apartments, with the initial plan decreasing from 448 residences to 386.

[smartcode_project:default project_id=30959 project_image_fid=202994]

The location of Aura in North Sydney has been an important driver in purchasers. Being situated in the heart of the city's activities, the development places downsizers amid the happenings.&nbsp;

The convenience of ground-level amenities, including retail and commercial options right at the doorstep, adds a layer of accessibility and ease to daily life.&nbsp;

Additionally, local amenities, such as nearby hospitality establishments, further enhance the appeal. Meanwhile, surrounding transportation hubs ensure downsizers remain well-connected to the broader urban landscape.

[smartcode_project:default project_id=30959 project_image_fid=241200]

<h2>Gosford</h2>

Gosford has long been known as the gateway to the Central Coast. Now it's undergoing a full transformation and is becoming a sought-after suburb in its own right.

Taking advantage of the demand in Gosford is&nbsp;TQM and Ace Property Group, who are joint venture partners on what will soon be one of the area's most striking buildings, The Grand Gosford. The project has proven popular with Central Coast locals who want to sell their family home yet move somewhere where there's a significant lifestyle precinct.

[smartcode_project:default project_id=22753 project_image_fid=210675]

The 18-level tower designed by Kann Finch comprises one, two, and three-bedroom apartments with floor-to-ceiling glass windows, providing panoramic views of the water or the broader Central Coast district. The apartments sit above a podium level which homes a glass-bottomed swimming pool set in&nbsp;extensive landscaping with lounge and dining areas.

[smartcode_project:default project_id=22753 project_image_fid=210684]

Situated towards the southern end of Mann Street, The Grand enjoys convenient Central Coast Highway access and is within 700 metres of Gosford Train Station. This accessibility facilitates an easy commute to the city and exploration of nearby beaches, forest reserves, and beachfront national parks. The project is slated for completion in late 2025.

[smartcode_project:default project_id=22753 project_image_fid=210688]

Gosford's strategic location and connectivity via the Sydney Olympic Park Ferry make it an enticing choice for those seeking a vibrant yet relaxed lifestyle.

<h2>Bondi Junction</h2>

Bondi Junction has been starved of quality downsizer stock to cater for those looking for the connected lifestyle in the Eastern Suburbs. No other eastern suburb is as well connected by transport, with extensive retail and hospitality amenity, as Bondi Junction.

For those reasons, as well as developer Stargate's history in the suburb and the striking designs of SJB, that The Centennial Collection has been a hit with downsizers.

[smartcode_project:default project_id=136076 project_image_fid=212615]

Ray White have been handling the sales of the project on the fringe of Centennial Park, with projects partner Marcello Bo saying he's never seen so much appetite for customisation from downsizers.

Most downsizers have come from the local area, but there's been a number from the North Shore who have seen The Centennial Collection as the best opportunity to buy this level of luxury on the fringe of Sydney's best park.

[smartcode_project:default project_id=136076 project_image_fid=212620]

Positioned on one of the highest points in the eastern suburbs, Centennial Collection features 70 one, two, three and four-bedroom apartments with wrap-around balconies capturing panoramic views of the harbour, city skyline, and Centennial Park.&nbsp;

Described as a "castle high on the hill," The Centennial Collection sets a new benchmark for luxurious interiors and amenities, including two house-sized penthouses with rooftop swimming pools and terraces.

[smartcode_project:default project_id=136076 project_image_fid=212622]

The development's iconic gateway location overlooking Centennial Park and proximity to Woollahra's Queen Street offers an enviable lifestyle with access to hatted restaurants, wine bars, shopping, and schools.&nbsp;The project includes curated ground-level retail, creating a vibrant village setting adding to what Bondi Junction already offers.

Construction for The Centennial Collection is set for completion by the end of 2025.&nbsp;

Downsizers have been looking all over Sydney to find their next home

Sydney's top four suburbs for downsizers in 2023

Developer Legacy Property has teamed up with the Illawarra Coke Company to create The Works, a new community in Corrimal north of <a href="/new-apartments/wollongong-nsw-2500">Wollongong</a>, following the rezoning of just over 18-hectares of land formerly occupied by the Corel Coke Works on Railway Street.

Sales will launch this year for the new community, which will comprise of multiple&nbsp;low to mid-rise apartment buildings and townhouses, with a mix of one to four-bedroom dwellings on offer and some with&nbsp;scenic views of the escarpment.

<a href="/new-apartments/the-works-stage-one-27-railway-street-corrimal">The Works</a> aims to establish a vibrant focal point within a connected, walkable neighbourhood between the coast and the escarpment.

The unique location will be transformed into a residential community comprising around 550 dwellings, new parks, and a heritage precinct celebrating the site's history. The <a href="/new-apartments/the-works-stage-one-27-railway-street-corrimal">first stage</a> will see 181 apartments released.

<img alt="The Works Corrimal" data-entity-type="file" data-entity-uuid="e979e74e-d983-4ae4-afc5-095b9591c8d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-05%20at%2012.23.26%20pm.png?VersionId=d4pTqlKoGL_O5fTv30_sU8Lp7UAY.pWQ" />

With a commitment to affordable housing, <a href="/new-apartments/the-works-stage-one-27-railway-street-corrimal">The Works</a> includes 35 affordable dwellings in the overall master plan approval.

Valued at $600 million, <a href="/new-apartments/the-works-stage-one-27-railway-street-corrimal">The Works </a>incorporates the adaptive reuse of significant heritage elements from the Coke Works, such as the iconic 1912 brick chimney, part of the original C1 Coke oven battery, as well as the former powerhouse building.

Legacy Property engaged with the local Corrimal community through a Community Consultation session last November, allowing residents to pose questions and gain insights into the demolition process and the planned reuse of heritage items.

<a href="/new-apartments/the-works-stage-one-27-railway-street-corrimal">The Works</a> is expected to be <a href="/new-apartments/wollongong-nsw-2500">Wollongong's</a> first&nbsp;5-Star Green Star-rated community, with sustainability a key focus in the design, construction and operation of the project.

<a href="/new-apartments/the-works-stage-one-27-railway-street-corrimal">The Works Corrimal</a> emphasises the reuse of original materials and responsibly sourced new materials, aiming to reduce construction and demolition waste to landfills by at least 80 per cent.&nbsp;

The creek riparian zone will be restored with 150,000 native plantings, promoting biodiversity and creating a landscape buffer for visiting flying foxes.&nbsp;Water-sensitive urban design will also ensure that every drop of water is left in a better state.

<a href="/new-apartments/the-works-stage-one-27-railway-street-corrimal">The Works</a> plans to integrate these sustainable and rehabilitation efforts with new green open spaces, community gardens, and recreational facilities supporting a healthy, active lifestyle.&nbsp;

<img alt="The Works Corrimal" data-entity-type="file" data-entity-uuid="90aa5648-59dd-4d81-83c1-7c28212d8ebd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-05%20at%2012.22.53%20pm.png?VersionId=d7xv.yJJiP1wBmNxtbOM8Gkq8yWiEx4N" />

The Southern Park and riparian corridor, spanning over seven hectares, will feature a nature play area for children, a half basketball court, a multipurpose fenced area, and community gardens.&nbsp;<a href="/new-apartments/the-works-stage-one-27-railway-street-corrimal">The Works</a> will also offer active transport links, a dog park, a heritage plaza, neighbourhood shops, and a proposed childcare centre.

Conveniently located near Corrimal Town Centre and within walking distance of the coastline, the precinct encompasses Corrimal Station, ensuring excellent connectivity to the Sydney CBD via rail.

Situated less than seven kilometres from the heart of <a href="/new-apartments/wollongong-nsw-2500">Wollongong</a>, <a href="/new-apartments/the-works-stage-one-27-railway-street-corrimal">The Works</a> provides future residents access to a thriving hub of employment, extensive shopping options, entertainment, WIN Stadium for sporting events, <a href="/new-apartments/wollongong-nsw-2500">Wollongong</a> Hospital, and the University of <a href="/new-apartments/wollongong-nsw-2500">Wollongong</a>.

Demolition of other structures commenced late last year and is expected to continue for at least the next six months.

Valued at $600 million, The Works incorporates the adaptive reuse of significant heritage elements from the Coke Works, such as the iconic 1912 brick chimney, part of the original C1 Coke oven battery, the former powerhouse building

Wollongong set for new masterplan as The Works Corrimal precinct revealed

Tier-one builder Multiplex has been appointed to build Gordon Corp's $300 million <a href="/new-apartments/the-mantaray-marina-residences-503-seaworld-drive-main-beach-queensland-4217">Mantaray Marina and Residences</a> in <a href="/new-apartments/main-beach-qld-4217">Main Beach</a>.

The ultra-luxury development on the Southport Spit is being developed by&nbsp;Gordon Corp founder Tim Gordon and Bruce Mathieson Group baron Bruce Mathieson. The project marks the first significant development of The Spit since the establishment of Palazzo Versace over two decades ago.

The Rothelowman-designed development comprises 24 waterfront two, three, and four-bedroom apartments and villas, as well as the&nbsp;exclusive Mataray Health Club and a 67-berth superyacht marina and resort facilities. The standout feature is The Mantaray Club, an exclusive on-water lounge accessible only to members.

The Mantaray Club, positioned as the superyacht precinct's focal point, includes an arrival and departure lounge, restaurant and bar facilities, sun deck, and private dining and meeting rooms.

[smartcode_project:default project_id=110018 project_image_fid=234897]

Members of The Mantaray Club will also enjoy access to general superyacht marina services, boat and berth hire, and concierge services.&nbsp;

The superyacht marina itself, designed to 'Platinum' Gold Anchor standards, offers long and short-term berth leasing, immediate ocean passage through the Gold Coast Seaway, year-round deep-water access, top-notch marina operations, on-site security, and full-service concierge.

The 250 sqm Mantaray Health Club offers premium gym and training facilities, hot and cold-water plunge pools, yoga, sauna, and steam rooms.&nbsp;

[smartcode_project:default project_id=110018 project_image_fid=234896]

Residents will also benefit from a dedicated concierge service offering personalised assistance, reinforced by 24/7 onsite security personnel and a state-of-the-art CCTV system.

An activated retail plaza and high street promenade will link The Mantaray Marina and Residences to the surrounding area and provide access to leading restaurants and cafes.

Residences at <a href="/new-apartments/the-mantaray-marina-residences-503-seaworld-drive-main-beach-queensland-4217">The Mantaray</a>, starting from $8.5 million for three and four-bedroom units and $14.4 million for the penthouse collection, target a discerning clientele seeking a new standard of luxury in Australia's real estate landscape.

The mixed-use project <a href="/news/qld/gordon-corp-launches-mantaray-residences-on-the-spit-with-two-12-million-sales">has already seen two $12 million villas sold</a> to one Gold Coast family on its launch late last year.

Construction, led by Multiplex regional director Michael Sinclair, will commence in early 2024. The project is expected to generate up to 300 jobs during its two-year construction phase.

[smartcode_project_cta:default project_id=110018]

The mixed-use project has already seen two $12 million villas sold to one Gold Coast family on its launch late last year

Multiplex to build $300 million Mantaray Marina and Residences in Main Beach

The final apartments have been offered to the market in Brisbane's priciest apartment development, <a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">443 Queen Street</a>.

Hutchies is putting the final touches to the 47-level tower having <a href="/news/qld/hutchinsons-take-over-probuild-construction-of-cbus-propertys-brisbane-apartment-tower-443-queen-st">taken over the build from Probuild in mid-2022</a>.

Aptly named <a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">443 Queen Street</a> after its prime location adjacent to the heritage-listed Customs House, the project by prominent developer CBUS has been a huge success as far as sales are concerned since initially launching back in 2017.

[smartcode_project:default project_id=6226 project_image_fid=37149]

Now the final opportunity to buy in the building has presented itself, with just a handful of apartments recently hitting the market.

The one-bedroom apartments start from $950,000 and top $1.5 million for the 81 sqm configuration. The two-bedrooms are priced from $2.3 million and span just over 100 sqm and have a car space, while the four-bedroom units have over 200 sqm of space and start from $5 million.

Prices at <a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">443 Queen</a> had initially started from under $500,000, with the four-bedroom apartments selling at $2 million.

[smartcode_project:default project_id=6226 project_image_fid=37148]

443 Queen Street was designed by globally renowned architectural firms WOHA and Architectus to harmonise with Brisbane's subtropical climate. They say the building is a living, breathing entity, ensuring a constant flow of natural and fresh air.

“We believe in innovative, sustainable architecture based on a clear humanist social agenda," WOHA's Richard Hassell said.

"People do not want to live in stacked, sealed boxes."

The emphasis on sustainable and energy-efficient design sets <a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">443 Queen Street</a> apart as a world-class development. Lush gardens integrated throughout the building enhance aesthetic appeal and contribute to reducing energy consumption.

<a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">443 Queen Street's</a> appeal is further elevated by a dedicated full-floor recreation deck on level seven which comprises a 25-metre riverside infinity pool with cabana lounges, a gym, yoga terrace, and a dining room with terrace.

[smartcode_project:default project_id=6226 project_image_fid=37091]

<a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">443 Queen Street</a> also includes a boardwalk-level restaurant, providing a dining experience complementing its location on one of Brisbane’s last remaining riverfront sites.

Strategically located between Queen Street and the <a href="/new-apartments/brisbane-qld">Brisbane</a> River, 443 Queen neighbours a small park and sits within close proximity to the CBD's best cafes, restaurants, and retailers.

Prices at 443 Queen had initially started from under $500,000, with the four-bedroom apartments selling at $2 million.



Last knockings for Brisbane's priciest apartments as prices at 443 Queen Street double since launch

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."

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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.

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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."

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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.

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Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

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Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

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Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

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

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