Wollongong is to the Illawarra Region what the Eastern Suburbs are to Sydneysiders. It's the place to be. Its beaches, lifestyle, and culture, are just a handful of the reasons why prospective buyers are lining up to call Wollongong home.

Over the last two decades in particular, Wollongong has become the hub of the region, with extensive development of retail and hospitality precincts, the introduction of the electrified train line in the early 1990s, and hospitals and other industries making it the anchor point for all those who live in the district.

Wollongong has also become a realistic and viable option as a place to live for those who have previously been more central to Sydney, given the train network and the new way of working from home.

Wollongong is thriving with multiple suburbs having their own distinct personalities contributing to Wollongong’s culture.

The majority of the development has been in what locals call the "Wollongong CBD" changing the landscape of the city, while&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.urban.com.au/developments/north-wollongong-nsw&amp;source=gmail&amp;ust=1705008823631000&amp;usg=AOvVaw2J50W8pSSAjqmY2F7doGTB" href="/developments/north-wollongong-nsw-2500" target="_blank">North Wollongong</a>, benefitting from all of the new investment in Wollongong, has arguably retained its charm and stunning coastal views and lifestyle. There's also&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.urban.com.au/developments/north-wollongong-nsw&amp;source=gmail&amp;ust=1705008823631000&amp;usg=AOvVaw2J50W8pSSAjqmY2F7doGTB" href="/developments/north-wollongong-nsw-2500" target="_blank">North Wollongong</a>&nbsp;Beach, popular with surfers, swimmers, and pet owners.

North Wollongong is of course the home of the University of Wollongong, which has seen it attract both first time renters and first home buyers looking to live near where they study. There's also the mum and dad investor who have earmarked an apartment for their student-age children. There's also North Wollongong Beach, popular with surfers, swimmers, and pet owners.

Due to the size of North Wollongong, just 136 hectares, there's not too much opportunity to buy a brand new apartment. Comparatively the suburb of Wollongong is almost 10 times North Wollongong. A size of a suburb&nbsp;always tells us there's unlikely going to be an oversupply, which helps support prices for the long term.

iCIRT-rated builder developer MODCO Constructions has been clever in its approach to its nearly completed North Wollongong apartment development, Heritage Wollongong.

[smartcode_project:default project_id=142643 project_image_fid=236247]

They've catered for a number of different lifestyle in the five-level project at 37 Virginia Street, under 500 metres from North Beach. Despite only having 22 apartments, they've had PRD Architects design the floorplans so they're offering one, two, and three-bedroom apartments, which will appeal to everyone from first home buyers and investors to rightsizers and downsizers.

PRD Architects had to be strategic in their approach to the design of the building. They had to work with a heritage-listed Magnolia tree, which now forms the focal point of the landscaped gardens.

[smartcode_project:default project_id=142643 project_image_fid=236238]

The apartments feature a free-flowing design and hardwood European oak flooring throughout. The open plan kitchen and living and dining area opens to private outdoor terraces which are designed to offer both alfresco dining and allow for maximum natural light to flood the living spaces. There's also a private terrace off the master bedroom in some apartments.

Expansive outdoor terraces flood the home with abundant natural light, extending the living spaces and providing a tranquil streetscape backdrop for alfresco gatherings and dining.

[smartcode_project:default project_id=142643 project_image_fid=236236]

The kitchens feature stone benchtops, Polyurethane cabinetry, Parisi tapware, and AEG appliances, while the bathrooms feature freestanding bathtubs, an open shower, and floor to ceiling tiles.

Modco has a history in the Illawara region, recently completing Aire Wollongong. They also have plans for a new development on 30 Bourke Street, North Wollongong, and 10 Pleasant Avenue in the same suburb.&nbsp;

[smartcode_project_cta:default project_id=142643]

Joel Robinson

North Wollongong: The coastal cool on the fringe of the city

Brisbane-based developer Frank Developments has seen huge success at its luxury maiden Gold Coast apartment development, <a href="/new-apartments/mira-61-garfield-terrace-surfers-paradise-qld-4217">MIRA</a>.

The 25-level tower at <a href="/new-apartments/mira-61-garfield-terrace-surfers-paradise-qld-4217">61 Garfield Terrace</a>, the dress circle address in Surfers Paradise&nbsp;is made up of just 12 apartments which have been pitched as vertical beach houses. The project has already secured eight sales.

The average sale price so far is $8.25 million, with the final four apartments priced from $8.5 million.

Each of the apartments has two levels, except from the tri-level penthouse which feature its own rooftop terrace and private pool.

Frank Development CEO and Founder Frank Licastro says the double-level floorplan is traditionally reserved for the penthouse purchaser.

"At MIRA, every apartment is dual-level, meaning every resident will experience the penthouse way of life – private, elevated and life enhancing."

<img alt="MIRA" data-entity-type="file" data-entity-uuid="82d4947a-037b-4c03-92d5-084785347bce" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%2011.23.19%20am.png?VersionId=j2al1kDlu6bf17W_ZZDbpQML6XT0quMd" />

The two-level apartments, designed by Ferro Chow Architects and BYculprit, span&nbsp;376 sqm and feature open-plan living spaces with oceanfront balconies that capture expansive views of the beach, skyline, river, and hinterland.&nbsp;

Inspired by the natural landscape of its iconic beachfront address, MIRA's design incorporates refined details, native tones, natural lines, and a neutral palette of raw stone, organic timber, and curved glass.

Each unit at MIRA comprises four ensuite bedrooms and a versatile multi-purpose room.

<img alt="MIRA" data-entity-type="file" data-entity-uuid="3ae83412-76b7-4883-8640-47dbe43ba3e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%2011.22.50%20am.png?VersionId=ZXAJ288OCAKgY9OSU3gZncfdMEbhnIj5" />

Residents at MIRA will enjoy a host of resident amenities including a private beach cove, an infinity-edge pool, a wet deck, a gymnasium, a sauna, a yoga space, as well as an alfresco barbecue kitchen and dining area surrounded by tropical landscaping.

MIRA is located on Garfield Terrace, Surfers Paradise's premier beachfront strip. It's just two blocks away from the renovated Northcliffe Beach Club.

Construction of <a href="/new-apartments/mira-61-garfield-terrace-surfers-paradise-qld-4217">MIRA</a> is currently underway and is expected to be completed in late 2025.

MIRA is located on Garfield Terrace, Surfers Paradise's premier beachfront strip. It's just two blocks away from the renovated Northcliffe Beach Club

Frank Developments secures sales success at luxury Surfers Paradise apartment development, MIRA

The City of Melbourne has unanimously given the green light to a revised development application by MAB Corporation for their new <a href="/developments/docklands-vic-3008">Docklands</a> precinct, NewQuay <a href="/developments/docklands-vic-3008">Docklands</a>.

Adjacent to the <a href="/developments/docklands-vic-3008">Docklands</a> Primary School, the signed off plans for the near one-hectare development site at 396-416 Docklands Drive, which&nbsp;currently serves as a commercial car park, include a&nbsp;mixed-use precinct with five-towers comprising commercial offices, a hotel and apartments, as well as abundant retail and hospitality at street level and a 700 sqm pocket park.

The planning application has undergone a number of amendments since its inception in 1999, with community engagement playing a crucial role in shaping the proposal.

Initially the project was approved for&nbsp;just over 11,000 sqm of commercial office space and no residential or hotel components, although the recent amendment reduced the office space by 3,150 sqm to make way for a 200-room hotel and 600 dwellings.

There will be 156 studios on offer, 232 one-bedroom apartments, 203 two-beds, and just nine three-bed apartments. The towers will rise from two 20-metre podiums which will feature the hotel and resident amenity such as swimming pools and barbecue spaces.

<img alt="MAB" data-entity-type="file" data-entity-uuid="bac39fd2-ad1a-470b-805c-661102d28617" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%2010.47.36%20am.png?VersionId=sn0K63jtj0PRV7M2ozwJj80k0.1iESMK" />

The City of Melbourne's planning team collaborated closely with MAB, resulting in positive design changes addressing previous concerns.&nbsp;

These changes include a 10-metre separation between towers, the removal of one tower, a reduction in maximum built-form height, revised building envelopes, a modified public park layout, and additional design principles.

Designed by ARM Architecture with Rush Wright Associates, the precinct incorporates retail and dining options within the podiums, office floor space, podium car parks, and a new 11 to 13-metre-wide pedestrian laneway connecting the school to the tram depot and New Quay Central Park.&nbsp;

<img alt="Docklands" data-entity-type="file" data-entity-uuid="4817edb8-8c38-456f-9315-1ff8a27e469b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%2010.41.41%20am.png?VersionId=7MJHIhVSIsusIlyGBlEN8QNW9xlqWjfF" />

The west podium comprises three residential towers, while the east contains two, carefully considering mirroring the existing streetscape context and character.

The development is expected to deliver between 500 and 600 residential dwellings and 20,000 sqm of commercial spaces, including the possibility of a hotel.

A key feature of the project is a 700 sqm public park at the corner of Little Docklands Drive and St Mangos Lane, positioned adjacent to Docklands Primary School.&nbsp;

<img alt="Newquay" data-entity-type="file" data-entity-uuid="6d04f474-3859-43ee-bb94-b13bc62e06b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%2010.41.58%20am.png?VersionId=py897uW3Bc65YTtEs37vx0L76Lg6w1.C" />

The pocket park, a later addition to the application, will feature seating areas, a children's play zone, a café, ramp and stair access, sandstone boulders, and bike ramp facilities.&nbsp;

The project will unfold in four stages, with the delivery of the new park scheduled for the initial phase.

The plans were endorsed by City of Melbourne councillors, with Deputy Lord Mayor Nicholas Reece praising the application and highlighting the positive impact of the pocket park on the community.&nbsp;

There will be 390 car spaces provided across the development, and 700 bicycle spaces.

The planning application has undergone a number of amendments since its inception in 1999, with community engagement playing a crucial role in shaping the proposal

MAB to bring 600 apartments to Docklands after City of Melbourne green light NewQuay Docklands

SKF Development has timed the release of their Sceniq Bilambil Heights development on the Tweed Coast perfectly, at a&nbsp;time when demand for residential land on both sides of the Queensland border is at a record high.

The $59 million subdivision planned for a 15.8-hectare site bounded by Walmsleys Road and Stott Street will deliver 100 large residential homesites with an average size of 1,200 sqm into a severely undersupplied market, with a masterplan that also incorporates a community park.

SKF Development has released the first stage of the project, comprising 30 homesites, many with ocean views, exclusively by invitation to locals who had previously registered their interest, with a full launch to the wider property market planned in the new year.

“We are over the moon with the response so far to Sceniq Bilambil Heights, which has been extremely well received by locals,” said Eric Zhao, Director of SKF Development.

“Our plans for this unique, elevated site have struck a chord with buyers who have been pleasantly surprised by the comparative affordability of the residential homesites we are presenting to the market."

<img alt="Scenic" data-entity-type="file" data-entity-uuid="ec87820d-09e3-4460-91af-20a27984f18b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-21%20at%206.58.26%20pm.png?VersionId=Rp3n8YpGcaW83l.HAld1Oto0XX_Qm1E6" />

The project sales team has been swamped with enquiries for the premium residential homesites ahead of the official launch, saying it received 350 preliminary expressions of interest within a week of announcing its plans, with 250 of those received on the first day alone.

Several homesites in the first release have already been secured by eager buyers, where land is priced from $485,000. The average sales have been $545,000.

The residential community has been designed to enhance the outdoor lifestyle through a network of accessible walking paths which intersect at Sceniq Park, so all residents can enjoy an active and connected lifestyle.

Sceniq Bilambil Heights is located within easy reach of the Terranora Broadwater and Terranora Creek, including the extensive Scenic to Peninsular Drive Cycleway that offers more than 3km of waterside pathways.

The new community will be just 10 minutes’ drive to Coolangatta Beach, and the heart of the southern Gold Coast’s retail and restaurant scene, with the Gold Coast Airport also close to hand just 10 minutes away and the M1 Motorway just six minutes’ drive, providing easy and direct access to a range of employment and lifestyle options.

The release of residential homesites at Sceniq Bilambil Heights comes amid a massive shortfall in new residential housing developments in the Tweed Shire and neighbouring Gold Coast City.

According to the latest RPM research, of the 7,555 new residents who moved to the Tweed Shire in the most recent 12-month period, 1,691 people (22 per cent) were relocating from the Gold Coast.

The analysis also found the population of the greater Bilambil and Bilambil Heights area is expected to grow 80 per cent to more than 7,000 by 2041. To accommodate this growth, a further 1,299 new dwellings are required to be built, or 72 new homes a year.

Managing Director of RPM Queensland, Clinton Trezise, says migration trends mean Gold Coasters are increasingly spilling over the border into northern New South Wales after being priced out of the Gold Coast property market or due to a lack of options.

“Gold Coast has long been a beacon of coastal living but demand due to population growth has certainly outpaced the supply,” said Trezise.

“It's been a one-way street for so long, with southerners heading north to the sunny Gold Coast. Yet, as the demand and supply imbalance is becoming unsustainable, Gold Coasters are now looking to options close to the border in their search for new homes.”

The new $724 million 430-bed Tweed Valley Hospital development nearing completion at Cudgen is set to open in early 2024 with the facility primed to become a significant new employment base for the region, while adding much needed infrastructure to cater for a growing population.

&nbsp;

Several homesites in the first release have already been secured by eager buyers, where land is priced from $485,000

SKF Development launch Sceniq Bilambil Heights on the Tweed Coast

Melbourne's popular Flinders Street is set to get a rare new apartment development in the form of The Highlander, an architecturally striking tower just off the Yarra opposite the Sea Life Aquarium.

The Highlander, at <a href="/new-apartments/the-highlander-melbourne-490-flinders-street-melbourne">490 Flinders Street</a>, is being developed by Singaporean investment firm Havenport Investments, who added the adjoining site at 1-9 Highlander Lane to create enough space for the 23-level building which will home 35 apartments.

There will be a mix of two and three-bedroom apartments, some half and some full floor. The levels up to 14 will have a maximum of three apartments, while from 14 to 21 will have three-bedroom, full floor apartments.

Level 22 homes a near 300 sqm, $7.5 million penthouse with unobstructed views over the river and Southbank.

The two-bedroom apartments, which start from 82 sqm, start from just over $1 million. The three-bedrooms start from $1.3 million.

<img alt="Highlander" data-entity-type="file" data-entity-uuid="32885115-4925-444d-97a5-64ffd58419b8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%209.40.08%20am_3.png?VersionId=fmk3_0RylAF2y5qsFABELwd7ztAawldI" />

The plans also include a ground floor with a residential lobby, a cafe, retail spaces, a basement level with a car stacker for ten vehicles, bicycle parking, and site services.

Designed by Metier 3, The Highlander features a dynamic facade&nbsp; through its chamfered and patterned windows.

The interiors feature wide solid oak floors, marble countertops and oak cabinetry throughout.

The heart of each Highlander apartments is the kitchen, complete with a butler's pantry and top-of-the-range AEG and Gaggenau appliances.

<img alt="The Highlander" data-entity-type="file" data-entity-uuid="06b785ec-8894-475b-8d25-96e42e4e34e6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%209.40.16%20am.png?VersionId=cou4EHA2YTCSxhPxRr9D_WsBk40hrBHC" />

Andrew Norbury, founder of Metier3, said the philosophy of The Highlander deliberately avoids maximisation.

"Instead, we approached The Highlander as an artful expression of home design-less apartments, greater homes-drawing inspiration from a time when form and function were thoughtfully woven together with empathy and purpose."

The Highlander's location at the eastern end of Flinders Street, at the edge of the Hoddle Grid, allows for&nbsp;southern views of the Yarra River and an eastern perspective of Melbourne's Gardens. It's also just a stones throw from Southern Cross Station.

Castran Gilbert is marketing the project. They already have a number of reservations.

First look: Inside the new Flinders Street apartment development, The Highlander

Local Brisbane developer Silverstone Developments has filed plans for a shoptop apartment development in <a href="/new-apartments/ascot-qld-4007">Ascot</a>.

The plans for The Windermere, designed by PDT Architects at&nbsp;<a href="/new-apartments/the-windermere-ascot-77-racecourse-road-ascot">77 Racecourse Road</a>, a few streets back from Kingsford Smith Drive and Bretts Wharf Ferry Terminal, are for 30 apartments above seven retail tenancies.

The building will be crowned with a rooftop lawn, infinity edge swimming pool and spa, communal function room, a gym with a sauna, and a number of seating areas and barbecue spaces.

<img alt="Racecourse" data-entity-type="file" data-entity-uuid="ad404215-8cc6-4718-8e6d-640172b64aa3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-03%20at%209.44.40%20am.png?VersionId=H2Akhmysscw5HUSbkKTeFSaHCmvyXVRx" />

PDT Architects said in their proposal that the aim of the design was to reflect the traditional and green nature of the suburb, which has been retained due to the nearby Eagle Farm Racecourse.

"[The] Eagle Farm Racecourse in 1863 drove a lot of further development and attention in the area over time, leading to increased stables within the suburb and thus larger properties remaining in the area over time. This provided the foundations for a traditional and green nature in the suburb.

"The development strives to pay homage to this character through a raw material palette with extensive landscaping to act as a ‘feature’ piece."

<img alt="77 Eagle Farm" data-entity-type="file" data-entity-uuid="3c24bf68-1342-49c0-92e6-def6c881f076" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-03%20at%209.44.04%20am.png?VersionId=mMYOYV0Q6Q3hOyIOeRbvlw3dNKJk6JRq" />

They said while the proposal drives to activate further Racecourse Road by harnessing pedestrian human scale at entries, heavily landscaped building mass with simplistic but intentional materiality.

"The rigid form promotes the eye to focus on the draping greenery and regular pattern forms through detailed balustrade treatments. The colour scheme aims to embrace natural colours whilst contrasting bold black trim and dark treatments to the light wells &amp; plant screening.

"The architectural approach is holistic, to provide a mass that utilises simple raw materials that allows prominent and extensive landscaping to become the feature of the site, this pays respect to the green and traditional character of Ascot whilst providing a striking and modern design presence to the street. It provides new high quality spaces for retail users and a striking destination to call home for residential users that situates itself well into the street and suburbs identity."

<img alt="77 Racecourse" data-entity-type="file" data-entity-uuid="39fff363-db7e-4086-a36c-469aa3929921" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-03%20at%209.44.14%20am.png?VersionId=.R9Rms2x6aKq5LP9EPu3Gvo.TTLZFdFP" />

PDT added that while the 3,162 sqm site is in close proximity to the city it still maintains a strong suburban and homely character.

Silverstone is seeking to target the owner-occupier with the large apartments. There are just three two-bedroom units and 27 three-bedroom apartments. Each apartment features its own balcony, with an average balcony size just under 40 sqm.

Urban Strategies noted in their Town Planning Report that the proposal is considered to be in line with the zoning of the site and the relevant outcomes sought under the Racecourse Precinct Neighbourhood Plan.

"The proposed development is anticipated to provide uses which will service the immediate local catchment and activate the street," the report read.

"The proposal is of a high quality design and revitalises an underutilised site. The proposal is designed to remain of a human scale and to reinforce the precinct’s identity and sense of place."

&nbsp;

The Racecourse Road site currently comprises a commercial building with a grocery and convenience store, pharmacist, and liquor store, while the eastern part of the site is currently an open air car park.

It's a return to residential for Silverstone, who also work in the commercial space. They have recently completed the Spring Hill Day Hospital among a number of other commercial projects. They were prominent in the residential development space back in 2015 and 2016, completing a number of projects in Kangaroo Point, Bulimba and Milton.

&nbsp;

Silverstone file shoptop apartment plans for The Windermere Ascot

First home buyers in Queensland were given a shot in the arm in November when the Queensland Government announced they were doubling the concessions in the QLD First Home Owner Grant.

The $15,000 boost in budgets for eligible first home buyers has been doubled to $30,000 in an attempt to assist first home buyers to get into the property market.

While certainly a significant move, many areas across the South East Queensland area in particular don't have apartments which quality for the QLD FHOG. The incentive is only applicable for apartments under $750,000.

In fact Apartments.com.au data shows that there's only two off the plan projects on the whole of the Gold Coast that has apartments currently on the market for less than $750,000, and there's only one project with two-bedroom off the plan apartments under the cap.

That's Andiamo Apartments, the Hope Island development by developer Robert Laybutt. Andiamo has two-bedroom apartments from $544,488 and priced up to $700,816, before the $30,000 Government assistance.

Andiamo had already been a hit with local first home buyers even before the increase in the QLD FHOG was announced. The doubling of the grant has done two things; brought buyers back to the project who have enquired previously but have been hampered by increased mortgage rates, as well as new first home buyers who want to act before any unforeseen change in the policy.

Andiamo Apartments comprises 76 apartments centred around a resort-style pool on Broadwater Avenue.

[smartcode_project:default project_id=139743 project_image_fid=218960]

Prospective buyers can choose from various thoughtfully designed floor plans, while buyers of the three penthouses have the option to reconfigure and add a third room.

The apartments showcase clean, simple linear design, open-plan living and dining, and outdoor entertaining spaces.

First home buyers have also been attracted to the low body corp, just $70 a week, despite the swimming pool, barbecue area, multi-purpose room and access to lifts.

[smartcode_project:default project_id=139743 project_image_fid=218961]

The Broadwater Avenue address has been one of the major drawcards for buyers so far.&nbsp;

Out of the door and turn right and residents will be at Broadwater Plaza where there's a Godfather Pizza and a handful of retailers within 100 metres. Just a few hundred metres the other way is the more abundant Hope Island Marketplace, the shopping hub of the whole of Hope Island.

Hope Island Marketplace has over 20 stores, including a Woolworths, ALDI and BWS, Bakers Delight, Osha Kitchen &amp; Bar, Canton Road Chinese and Carl's Jr Hope Island. The Hope Island Tavern is one of the most popular pubs on the Island.

[smartcode_project:default project_id=139743 project_image_fid=218959]

Hope Island is also home to some of South East Queensland's best golf courses, 16 in total across Hope Island and the nearby Sanctuary Cove.

The is currently under construction by SEQ builder&nbsp;Bryants Construction and is projected to be completed in early 2025.

Andiamo Apartments represents an incredibly rare opportunity to buy well under the Gold Coast unit median price which property data analytics firm CoreLogic puts at&nbsp;$721,000.

Their research shows the unit value in the Gold Coast has jumped 9.5 per cent in the last 12 months, and it's expected to continue well into the new year given the supply constraints in the in-demand region.

[smartcode_project_cta:default project_id=139743]

Andiamo Apartments represents an incredibly rare opportunity to buy well under the Gold Coast unit median price of $721,000, according to data analytics firm CoreLogic's latest figures.



Why Andiamo Apartments on Hope Island is drawing first home buyers

Award-winning Melbourne developer Little Projects Co has joined local joint venture partners Bottega and 5Point to launch luxury full-floor apartments to the Broadbeach off the plan apartment market.

<a href="/new-apartments/broadbeach-qld-4218">Atelier Broadbeach</a>, at&nbsp;20 Mary Avenue toward the southern end of Broadbeach, comprises just&nbsp;14 full-floor apartments and two multi-level penthouses designed by Plus Architecture.

The tower is wrapped in floor-to-ceiling glazing which allows every apartment sweeping views of the ocean from both the living areas and the ocean facing balcony.

Little Projects <a href="/news/qld/little-projects-secure-approval-for-redesigned-luxury-broadbeach-apartment-tower">secured approval for the redesigned project in October</a> after Plus tweaked a previous design.

<img alt="Atelier" data-entity-type="file" data-entity-uuid="0cb0fa3c-2ff0-4ede-8909-e9c336f7717b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-22%20at%208.07.06%20am.png?VersionId=3wqJp6aP9pWGryMcbhhSjs1wnIphnO1q" />

&nbsp;

There's resident amenity in the form of a swimming pool with views over the South Lawn Broadwater Parklands and the extensive Gold Coast shoreline on the podium level. Additional amenities include a gymnasium and a sauna, while two allocated car spaces complement each residence.

<a href="/new-apartments/broadbeach-qld-4218">Atelier Broadbeach</a> is close to everything but tucked away enough to provide peace and tranquil relaxation. Pacific Fair Shopping Centre is a five-minute stroll from Atelier's doorstep, with the beach just metres away.

<a href="/new-apartments/broadbeach-qld-4218">Atelier Broadbeach</a> start at $2.95 million. Little Projects expect completion in June 2026.

&nbsp;

Little Projects also lodged plans for <a href="/news/qld/first-look-exclusive-little-projects-set-for-third-broadbeach-apartment-development-with-r-corp-joint-venture">another apartment development at Broadbeach</a> last year, dubbed <a href="/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach">One Australia</a>.

<a href="/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach">One Australia</a> consists of 32 three-bedroom apartments and one four-bedroom penthouse designed by DKO Architecture. This 37-level tower is positioned to cater to the luxury owner-occupier market in Broadbeach.

Atelier Broadbeach<a href="/news/qld/bottega-and-5point-launch-luxury-faro-broadbeach-apartments"> joins Faro Broadbeach</a> on the luxury full-floor apartment market. <a href="/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">Faro</a>, at 123 Old Burleigh Road, comprises 15 apartments.

Atelier Broadbeach start at $2.95 million. Little Projects expect completion in June 2026

Little Projects launch Atelier Broadbeach

Leda Holdings, the development firm of rich lister Bob Ell,&nbsp;has released the first land lots in its 4,500-lot Kings Forest housing estate near Kingscliff on the NSW North Coast.

Ell said the estate would play a role in delivering new housing supply in a region where there was very little stock, but high demand for affordable residential product.

“Housing supply has been at an all-time low, and the cost of living is putting a strain on people, not only in the Tweed but nationwide,” Ell said.

"This significant stride towards addressing housing needs in Tweed is exciting. By working hand-in-hand with the Tweed Shire Council, we're not only on the brink of providing more housing options but also poised to create thousands of local jobs. This milestone marks just the beginning, we remain dedicated to the ongoing collaboration that will bring the entire estate to fruition."

The Kings Forest estate spans 869 hectares and, upon completion, will provide homes for over 11,000 people. It will include a central park, retail centre, school, service station, sporting fields and the development will support the delivery of over 70,000 trees.

<img alt="Kings Forest" data-entity-type="file" data-entity-uuid="f795aade-298d-4894-a470-9dbd07e156c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-21%20at%207.56.32%20pm.png?VersionId=OAdV6lNlid_X8b_OKWyR7KfWt3OXrXEA" />

“We have laid the first 100 metres of asphalt on the estate, marking an important milestone of the development,” Ell added.

Mayor of Tweed Shire Chris Cherry emphasised the significance of Kings Forest as a pivotal location to deliver new and affordable housing within the Tweed Shire.

"Release of the first residential blocks is important to address the substantial demand for housing, particularly in light of the increasing demand for healthcare workers expected from the opening of the new Tweed Valley Hospital at Kingscliff in May 2024. We look forward to many more homes becoming available here in the near future", Cherry said.

Leda has appointed Colliers to sell the first 145 lots of the Kings Forest housing development as the company looks to deliver new land supply to the burgeoning Tweed-Gold Coast region, with a focus on putting locals first.

Colliers Director of Residential, David Higgins said they were excited to be appointed to sell houses in the Kings Forest development and were eager to show prospective buyers all that the project has to offer.

“This project signifies a huge step forward for supply of much needed housing and actual land opportunities to the northern New South Wales and Southern Gold Coast regions from a developer with a proven track record of delivery,” Higgins said.

“The project aims to create residential living opportunities for individuals and families who have roots in the local community, ensuring they have the opportunity to stay connected and contribute to the continued growth of the area.”

<img alt="Leda" data-entity-type="file" data-entity-uuid="98af57b5-a437-4060-866c-3d310f0c839b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-21%20at%207.56.24%20pm.png?VersionId=2tc.pxMYsc_uAoJCRG.oN9BC.tvabZVL" />

Colliers Director of Residential, Jon Rivera said they were excited to join forces with Leda on this much awaited project which will offer some of the best flat land opportunities for eager local buyers looking to get a foot into the market.

“Kings Forest is expected to be one of the largest and most significant projects for new housing and employment in the region in the next 25 years.

“The estate is situated only 15 minutes from Gold Coast Airport, right near the new Tweed Hospital and five minutes from the coastal village of Kingscliff,” Rivera said.

“Our collaboration aims to introduce a fresh perspective to the market, capturing the essence of community needs, demonstrating this to be more than just a residential project, but a place to call home.”

The Kings Forest estate spans 869 hectares and, upon completion, will provide homes for over 11,000 people

Rich lister Bob Ell’s Leda Group releases first lots at Kings Forest project on the NSW North Coast

Blacktown is set to receive one of its most well price pointed, visually striking apartment developments to date with DARA, a contemporary five-level building in the heart of the central Western Sydney suburb.

Builder Sitecorp has already started construction on the collection of just 67 apartments, which are slated for completion in early 2025.

Every one, two and three-bedroom apartment ticks the&nbsp;box for $0 stamp duty, with every two and three-bedroom unit falling under the NSW Government's $800k stamp duty concession threshold.

[smartcode_project:default project_id=142774 project_image_fid=234287]

There's also the $10,000 NSW First Home Owner&nbsp;Grant for apartments up to $600,000, which captures a number of the entry-level two-bedroom apartments in DARA. The developer has also teamed up with Coposit for their $10k deposit scheme, where a buyer pays a $10,000 deposit before paying down the rest of the deposit in instalments.

The prices at DARA come in well below other comparable new developments in the nearby Merrylands and Auburn areas.

While mostly targeting owner-occupiers, astute investors are likely to be looking at the apartments given the low entry point and the likelihood of around five per cent yields, as well as strong depreciation allowances.

[smartcode_project:default project_id=142774 project_image_fid=234289]

Investors will too be looking at the 56 per cent population increase forecasted by the Blacktown City Council between now and 2041. Blacktown will act as the central hub to the population boom, which will see residents in the local government area jump from just under 400,000 to over 625,000.

Architecturally designed by Urban Link, the apartments feature spacious living areas designed to maximise natural light.&nbsp;The kitchens are designed with a focus on functionality and modern simplicity and are equipped with quality integrated appliances.

The garden apartments feature expansive private courtyards.

[smartcode_project:default project_id=142774 project_image_fid=240593]

Residents will have access to the shared rooftop which has been designed for activities from yoga to sunset gatherings with panoramic views over the city.

DARA is ideally located across the road from Blacktown Showground and 100 metres from Blacktown Train Station and Westpoint Shopping Centre. 
 
[smartcode_project_cta:default project_id=142774]

DARA is ideally located across the road from Blacktown Showground and 100 metres from Blacktown Train Station and Westpoint Shopping Centre

Why the latest Blacktown apartment development offers the best value for money in Sydney

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

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

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

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

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

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

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

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

Sherpa sells out Flourish Oasis in booming Palm Beach

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

Joel Robinson

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