Buyers have made a rush at the latest luxury living opportunity to arrive in <a href="/new-apartments/palm-beach-qld-4221">Palm Beach</a>, with Sherpa Property Group’s <a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a> achieving over $45 million in sales just two weeks after launching to market.

The&nbsp;<a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">in-demand project</a>, located on a 1,583 sqm site at <a href="/new-apartments/perspective-nexus">949-953 Gold Coast Highway</a>, will rise nine storeys and deliver and exclusive collection of 32 spacious apartments, including two half-floor penthouses and three sky homes with their own private rooftops.

<a href="/developers/sherpa-property-group">Sherpa Property Group’s</a> latest development is the company’s 12th for the Gold Coast region and comes on the heels of a reimagination of the site which is located adjacent to Dune Café and overlooks the <a href="/new-apartments/palm-beach-qld-4221">Palm Beach</a> Parklands.

[smartcode_project:default project_id=108324 project_image_fid=232460]

The development is the product of a detailed design process led by HAL Architects that has taken into account the requirements for the Gold Coast city plan and the expectations of the local community.

“We have experienced an incredible level of inquiry and within weeks of launching we have sold 14 out of 32 apartments, including both penthouses at <a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a>,” <a href="/developers/sherpa-property-group">Sherpa Property Group</a> Founder Christie Leet said.

“The $45 million in sales reflect the demand for luxury living down this end of the Gold Coast, with few apartments the size or calibre of these, which has really drawn buyers’ attention.”

[smartcode_project:default project_id=108324 project_image_fid=232461]

The luxury development is primed for owner occupiers and downsizers who will enjoy unrivalled residents’ recreational and state-of-the-art amenities.

Read more:&nbsp;<a href="/news/qld/first-look-sherpa-file-plans-for-luxury-chevron-island-apartment-development">Why I bought a Perspective Nexus, Palm Beach apartment</a>

“Enquiry to date has been from a diverse mix of buyers including downsizers and locals looking for larger living spaces without compromising on luxury," Leet added.

"A lot of people just want to buy for the specific location and don’t want to miss out on being in the project. Feedback we had from buyers is that they were so excited to get into the location and secure their spot in the development

“The locality of buyers we’ve welcomed is a huge testament to the appeal of <a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a> to discerning locals who have a deep appreciation and understanding of the project’s positioning in one of the coasts’ most coveted residential addresses.”

[smartcode_project:default project_id=108324 project_image_fid=228359]

The sales come at a time whilst Gold Coast is experiencing a dramatic uptick in apartment sales from the previous quarter. Recent data from Urbis reveal that during Q3 of 2023 there were 470 sales on the Gold Coast, up from the previous 200 in Q2 of 2023.

<a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a> will deliver a suite of luxury two-to-four-bedroom apartments, ranging from 112sqm to 661sqm, with those on upper levels offering spectacular views of Currumbin Alley and beyond to the Pacific Ocean.

<a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a> will introduce a wide range of luxurious communal amenities for residents, including a dedicated wellness space with features such as a cold plunge pool and steam room with internal stairs down to the residents recreational space which includes a spa, pool, private dining and wellness garden.

As well as the addition of more than 70 car parks to the site for both residents and visitors, electric car charging stations, individual apartment storage, car wash bay, parcel delivery storage (including cold store) and more.

In view of the project being code assessable, the company anticipates development approval will be granted by February.Construction is planned to start in the first quarter of 2024 for completion in the third quarter&nbsp; of 2025.

<a href="/developers/sherpa-property-group">Sherpa</a> recently submitted plans <a href="/news/qld/first-look-sherpa-file-plans-for-luxury-chevron-island-apartment-development">for their prime Chevron Island development site</a> at 107 Stanhill Drive.

[smartcode_project_cta:default project_id=108324]

The luxury development is primed for owner occupiers and downsizers who will enjoy unrivalled residents’ recreational and state-of-the-art amenities

Joel Robinson

Sherpa's Perspective Nexus Palm Beach apartments approach 50% sold after quickfire sales

Longtime Gold Coast apartment developer Morris Property Group is tapping into the demand from owner-occupiers for new apartments in the sought-after Broadbeach postcode with their latest tower, Crest Broadbeach.

The striking 40-level tower will sit on Armrick Avenue, a prime spot across the road from the Broadbeach Bowls Club which for buyers not only means great proximity to amenity, but protected views to the south. It will comprise 182 two and three-bedroom apartments designed by the&nbsp;Canberra-based architecture firm Guida Moseley Brown.

Crest Broadbeach's architecturally designed exterior draws inspiration from the motion of the waves, presenting a distinctive profile against the city skyline. This design, reflecting the sophistication of the neighbourhood, includes resort-style amenities that complete the residents' 5-star lifestyle.

[smartcode_project:default project_id=112024 project_image_fid=241133]

There will be a maximum of just five apartments per floor, with only three three-bedroom apartments per level on the building’s top three floors.

Each apartment has been meticulously designed to make the most of every square inch and carefully detailed and furnished to make the residents' lifestyle practical and convenient.&nbsp;

Hybrid timber floors and full-height glazing grace the open living and dining areas, creating a warm and airy feel in every home.

[smartcode_project:default project_id=112024 project_image_fid=241135]

The practical kitchens are well-appointed with high-quality European Bosch appliances and showcase an island and bar seating.

Three distinct colour palettes allow homeowners to personalise their space from dark, contemporary charm, timeless harmony of light and shade to simple and airy.

The ducted reverse cycle heating and cooling with condensers are located in a dedicated area away from the balcony. This gives residents a clutter-free and quiet outdoor living space overlooking rare, protected views—with no risk to the south over the park of being built out).

[smartcode_project:default project_id=112024 project_image_fid=241137]

The extensive amenity on top of the building’s podium on level two, wrapped with terraces with seating and dining areas, features a pool, gym, lounge space and a communal barbecue area.

Crest Broadbeach will be conveniently situated within 800m of the Broadbeach CBD, less than two kilometres from the Pacific Fair Shopping Centre and the Surfers Paradise CBD.

Crest Broadbeach marks Morris Property Group's eighth high-rise residential project in Broadbeach. Nearby, the developer has successfully delivered Opus Broadbeach, a 26-storey, 113-apartment project, Qube&nbsp;Broadbeach, a 40-storey, 202-apartment project, and Koko, a 31-storey development comprising&nbsp;98&nbsp;two-bedroom &amp; three bedroom apartments

[smartcode_project_cta:default project_id=112024]

Crest marks Morris Property Group's eighth high-rise residential project in Broadbeach

Morris Property Group taps into owner-occupier market with Crest Broadbeach apartments

National developer <a href="/developers/traders-in-purple">Traders In Purple</a> has won approval for redevelopment of the former Palace Hotel site at <a href="/new-apartments/woody-point-qld-4019">Woody Point</a>, its 14th luxury coastal development on the Moreton Bay Peninsula.

<a href="/developers/traders-in-purple">Traders</a> had previously secured development approval for a 15-storey residential building on the site at&nbsp;<a href="/new-apartments/tydal-woody-point">2-8 Gayundah Esplanade, Woody Point</a>, but submitted a revised plan to Moreton Bay Regional Council seeking to reduce the height by five storeys to provide improved diversity in living options.

The new approval will see around 175 apartments delivered in two scaled down buildings of nine and 10 storeys, rather than a single tall tower. 
<img alt="Traders in Purple" data-entity-type="file" data-entity-uuid="03208211-5484-4304-9d86-6de68af19d59" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-19%20at%208.32.10%20am.png?VersionId=VkDvTW6Tmtt0fT4P6hEjuPPIXvlHXx7H" />

The first building is expected to launch in mid-2024, relieving some of the housing pressure in a region that requires more than 90 new homes to be built each week to keep pace with the growing population. <a href="/developers/traders-in-purple">Traders In Purple</a> is the dominant residential apartment developer on the Peninsula which falls within the City of Moreton Bay, the fifth fastest growing local government area in Australia.

Earlier this year <a href="/developers/traders-in-purple">Traders</a> completed construction of Lasail, 124 apartments and a marina on the Newport Waterfront.

They're also currently building Marin, its sold-out 80-apartment development on the Scarborough waterfront. That's due to complete in early 2025, while <a href="/new-apartments/orilla-woody-point">Orilla</a>, a collection of 32 luxury residences on the <a href="/new-apartments/woody-point-qld-4019">Woody Point</a> water’s edge, also began construction this month.

[smartcode_project:default project_id=14055 project_image_fid=216915]

The latest <a href="/developers/traders-in-purple">Traders</a> project at Woody Point occupies a prime elevated site with wide views across Moreton Bay and back towards the Brisbane skyline.

Renowned as the venue where the BeeGees played their first paid gig, the Palace Hotel served its last drinks in 2013 and was demolished the following year after a fire. Other famed attractions include the <a href="/new-apartments/woody-point-qld-4019">Woody Point</a> Jetty, a favourite fishing spot, and The Belvedere Hotel, a local institution which has recently undergone a multi-million dollar makeover.

<a href="/developers/traders-in-purple">Traders In Purple</a> Senior Development Manager Alex Black said the move to provide a more diverse range of apartments comes in response to a changing demographic profile on the Peninsula.

“In the past couple of years, we’ve seen a rise in the number of working age people and families buying on the Peninsula, seeking a relaxed bayside lifestyle 40 minutes from the Brisbane CBD,” Black said.

“Our offering in this area used to be large three bedroom apartments preferred by downsizers and while they still represent a large share of the market, we are now catering to a much broader and younger demographic.

“We adjusted the design to reflect this shift so that there will be a greater diversity of apartment types and a range of price points that appeal to downsizers as well as families and working age buyers. It’s a better outcome for the locality from a social and economic perspective.”

[smartcode_project:default project_id=14055 project_image_fid=216918]

The most recent DA went through a swift approval process with only one objection lodged which Black attributes to an improved design and community outcome.

A 20-metre separation of two lower-scale buildings creates a view corridor through the site and allows improved sunlight to apartments and the community space, with gardens and swimming pools proposed at the ground level. Each building will have its own amenity.

The perimeter will be heavily landscaped to enhance the street appeal and ground level apartments will feature their own private entry, creating an attractive and active frontage.

Renowned as the venue where the BeeGees played their first paid gig, the Palace Hotel served its last drinks in 2013 and was demolished the following year after a fire

First look: Traders in Purple secure approval for Woody Point apartment development on former Palace Hotel site

As the final touches are made to the almost sold-out $75 million <a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson</a> project by <a href="/developers/hirsch-faigen">Hirsch and Faigen</a>, the Melbourne-based developer has unveiled its luxury penthouse, one of the best in the southern <a href="/new-apartments/gold-coast-qld">Gold Coast</a>.

Located in the heart of the intimate <a href="/developments/kirra-qld-4225">Kirra</a> beach community and atop the 13-level building, Emerson’s four-bedroom mega penthouse is now open for offers in excess of $10 million.

<img alt="Emerson Interior penthouse masterbedroom" data-entity-type="file" data-entity-uuid="ba8b8581-8748-4770-bc48-c1ba9c467914" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1819_2.10_Interior_Penthouse_Master_Bedroom_R008.jpg?VersionId=EyFVYtPLeKRSJmr5dvvsAgH0e5D3suNG" />

Architecturally designed by the award-winning Brisbane design firm Rothelowman, the expansive penthouse features four bedrooms, each with its own ensuite and balcony, a study, and a large multipurpose room that can be tailored as a media room, home office, or fifth bedroom.

Matt George, head of sales for <a href="/developers/hirsch-faigen">Hirsch &amp; Faigen</a>, said the&nbsp;penthouse is undoubtedly one of the most exclusive ever seen on the Gold Coast and will set a benchmark for the southern beaches.

“With soaring 3.2m ceilings, an intuitive design flow, and wall-length windows that dissolve into cinematic views of Kirra, the penthouse offers endless opportunities to marvel at exquisite surroundings from a private, elevated oasis," George says.

The main living space meets the dining area&nbsp;and kitchen, complete with premium Gaggenau appliances and a full butler’s pantry. Expansive dual balconies provide extensive views across the Pacific Ocean, leveraging the unique north-facing beachfront position to capture both sunrises and sunsets.

<img alt="Emerson Interior penthouse living area" data-entity-type="file" data-entity-uuid="ce733791-5ef0-4273-a603-e846774d1a0a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1819_2.08_Interior_Penthouse_Living_R007.jpg?VersionId=9Q9XpMBE.eNQ3ZR8vjOi.qlbg7mvBtqC" />

Not only is <a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson</a> positioned just a 150 metre stroll away from the famed shores of Kirra Beach, but the penthouse is also strategically located to take advantage of its proximity to the now completed Kirra Beach Hotel and Kirra Beach House, just a stone's throw away.

Daniel Faigen of <a href="/developers/hirsch-faigen">Hirsch and Faigen</a> says when you pair a premium location with the highest standard of residential design, it becomes challenging to conceive a better home than the Emerson penthouse.

“There will never be another penthouse of this calibre on the southern Gold Coast, where world class surf breaks roll into your doorstep, and unmatched views welcome you from every angle," Faigen says.

<img alt="Emerson Interior penthouse kitchen" data-entity-type="file" data-entity-uuid="6d70244b-d4cf-44ca-b939-7474e290afc4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1819_2.09_Interior_Penthouse_Kitchen_A_R005.jpg?VersionId=QFRXqC46Dw2yQS3bQSMgrrYWMS2EoucM" />

The penthouse will crown the collection of 27 apartments within <a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson</a>, all of which were snapped up within months of their release.

An exclusive work-life lounge on the ground floor of <a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson</a> provides residents with a casual work from home space, with private alcoves and seating overlooking parkland and beachfront.

A north-facing, outdoor sun lounge sits near a resort-style pool set in sub-tropical landscaping.

Scaffolding is now starting to come down, and full construction completion is just around the corner for the <a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson</a> project, with residents expected to move in by April 2024.

<a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson</a> is the second of three <a href="/new-apartments/gold-coast-qld">Gold Coast</a> projects undertaken by the Melbourne-based developer <a href="/developers/hirsch-faigen">Hirsch &amp; Faigen</a>, following the sell-out success of its <a href="/new-apartments/palm-beach-qld-4221">Palm Beach</a> debut, Hemingway. Construction of <a href="/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a> is also well underway, with completion slated for December 2024.

[smartcode_project_cta:default project_id=106646]

Matt George, head of sales for Hirsch & Faigen, said the penthouse is undoubtedly one of the most exclusive ever seen on the Gold Coast and will set a benchmark for the southern beaches.

Inside Emerson's $10 million plus penthouse, set to become one of Kirra's best apartments

Ellipse Property has commenced demolition of stage one of its landmark $850 million masterplanned community, <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a>, the largest residential community in <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a> in Sydney’s burgeoning Hills District.&nbsp;

Located at<a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill"> 40-42 Ashford Avenue</a>, opposite the Hills Showgrounds Metro Station and in the heart of <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>, <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> will comprise 771 apartments across five eight to 12 storey buildings.

The first stage, Atrium, will comprise&nbsp;152 apartments within one mid-rise eight storey building with a rooftop recreational space that provides views of the surrounding landscape.

Atrium is expected to complete in Q4 2025.

[smartcode_project:default project_id=89496 project_image_fid=216768]

<a href="/developers/ellipse-property-group">Ellipse Property</a> appointed Decode to complete the construction of the project earlier this year in September. Two adjacent residential houses will be demolished as part of the demolition works with construction due to commence in Q1 2024.

<a href="/developers/ellipse-property-group">Ellipse Property</a> Associate Director Puja Khanna said <a href="/developers/ellipse-property-group">Ellipse Property</a>, together with its builder partner Decode, is tremendously excited to start demolition on its landmark project, Carrington Place.&nbsp;

“Today marks a significant milestone for our entire team as we embark on the construction program of our most significant project to date Carrington Place. It’s a major undertaking for our company and a project that has drawn on the expertise and specialisations of a team of market leading consultants, architects, planners, engineers and builders.”&nbsp;

“As the largest residential project in <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>, <a href="/developers/ellipse-property-group">Ellipse Property</a> is delighted to be delivering such a significant multi-staged, game-changing project for the local Hills community, a major component of the transformation and evolution of <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>.”&nbsp;

[smartcode_project:default project_id=89496 project_image_fid=216770]

Having only recently launched in October, Carrington Place saw strong demand from local buyers looking for quality, larger-sized apartments and confidence in the developer/ builder.

“Immersed in nature and designed in keeping with the natural flow of the Cattai Creek, Carrington Place will set a new benchmark for modern living featuring the most premium, house-sized apartments in <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>,” Khanna added.

Award-winning iCIRT-rated construction company, Decode, is in charge of the construction.

Decode won the 2023 Urban Taskforce Development Excellence Award in the Mixed-Use Development category for the construction of its Burwood Grand residential project in Sydney’s inner west earlier this year.

[smartcode_project:default project_id=89496 project_image_fid=216765]

Decode also was one of the first 20 construction companies to receive a gold star iCIRT rating by the Office of the NSW Building Commissioner in May 2022. The company was in the very first group of companies to receive this rating.&nbsp;

Providing an unbiased and independent review of an organisation, an iCIRT rating is obtained through a thorough assessment of all aspects of a business, aimed at building transparency in the industry and trust with the Australian families and individuals looking to buy-off-plan.&nbsp;

NSW Building Commissioner David Chandler said: “The Decode journey aligns with Construct NSW. The industry is starting to get on board with the massive reforms and Decode is a leader as one of the first 20 movers into the iCIRT rating space. And the great thing about leadership is people always remember who went across the finish line first.”

[smartcode_project:default project_id=89496 project_image_fid=216764]

Designed by award winning architectural firms Tony Owen Partners in collaboration with Stanisic Architects, Carrington Place has been bespoke designed to immerse with its surrounding natural landscapes.

Uniquely, the precinct will be home to over 20,000 square metres of outdoor recreational space and lush gardens, conceived by landscape architect, Site Image Landscape Architects, making it one of the greenest master-planned communities in the Hills District.&nbsp;

A key feature of the project will be a one-kilometre boardwalk running the length of the Cattai Creek connecting to Fred Caterson Reserve, a 58-hectare local reserve featuring picnic tables, children’s playgrounds, along with multiple sports facilities.&nbsp;

[smartcode_project_cta:default project_id=89496]

Award-winning iCIRT-rated construction company, Decode, is in charge of the construction

Demolition commences at Castle Hill's largest residential development, Carrington Place

Sherpa Property Group is fast-tracking plans for its expanded <a href="/new-apartments/gold-coast-qld">Gold Coast</a> portfolio, filing a development application for its prime <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a> site.

<a href="/developers/sherpa-property-group">Sherpa</a>, who has&nbsp;completed 11 projects on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> over the past six years, is seeking to developer a boutique three-level apartment building on the 1,710 sqm, <a href="/new-apartments/perspective-helm">107 Stanhill Drive site</a> they acquired a few months ago.

They'll be <a href="/new-apartments/perspective-helm">launching the project</a>, just&nbsp;10 exclusive apartments&nbsp;at the start of 2024, with the goal to start construction Q3 2024 pending approval from the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> City Council.

<a data-entity-type="file" data-entity-uuid="836b900a-c9c4-4920-8a4c-def03747e8f9" href="/new-apartments/perspective-helm"><img alt="Sherpa Chevron" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-18%20at%207.01.05%20pm.png?VersionId=zoMCf65fiu64Fv_0K9BGiogc8CA4_ja_" /></a>

The premium north facing, riverfront site will also feature marina berths, a first for Sherpa’s Perspective brand. Being just inside the 6-knot zone, the project is tipped to attract the boating community as it will provide immediate access to the Broadwater and ocean.

Designed by HAL Architects, the development will feature spacious interiors, specifically designed for the downsizer and owner-occupier market. The apartments will all comprise a minimum of three bedrooms plus multi-purpose room with penthouses offering four-bedroom residences.

<a href="/developers/sherpa-property-group">Sherpa Property Grou</a>p Founder Christie Leet said the project is one of the best sites on the coast and it's a great addition to the <a href="/developers/sherpa-property-group">Sherpa</a> brand.

<a data-entity-type="file" data-entity-uuid="300e66fa-439e-441d-9c08-932769446c8d" href="/new-apartments/perspective-helm"><img alt="Sherpa" data-entity-type="file" data-entity-uuid="300e66fa-439e-441d-9c08-932769446c8d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-18%20at%203.26.32%20pm.png?VersionId=N5keT8L9H15ytE7Ep1rUNk7cqH2haNrs" /></a>

“We believe a boutique project is a perfect fit for Chevron Island with an intimate design that lends itself to sophisticated, yet private, lifestyle," Leet said.

"We think our buyers are those already in the vicinity, particularly downsizers, so we have worked hard to make them as good to live in as a house with a huge emphasis on security.

“Each residence will also have a three to four car lock up garage, plus storage, as this level of amenity has been in strong demand across our recent projects.

“This is a really exciting project for the team and we will be working hard to once again deliver the best floor plans on the Gold Coast, continuing to improve each iteration of our Perspective brand.”

&nbsp;

<a data-entity-type="file" data-entity-uuid="4a5cc114-ffaa-43aa-9f8d-40846df895d6" href="/new-apartments/perspective-helm"><img alt="Sherpa Chevron" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-18%20at%207.01.26%20pm.png?VersionId=8fmEx1x4.5Z.gNzjwzq8dJTZeiiSHPVq" /></a>

The Chevron Island development follows a successful run by <a href="/developers/sherpa-property-group">Sherpa Property Group</a> for its most recent <a href="/new-apartments/gold-coast-qld">Gold Coast projects</a> - Perspective Broadwater at Biggera Waters and <a href="/buildings/perspective-on-albatross">Perspective on Albatross</a> at <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>.

<a href="/developers/sherpa-property-group">Sherpa</a> recently launched their luxury <a href="/new-apartments/palm-beach-qld-4221">Palm Beach apartment development</a>, <a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a>, just off the sand.

Sherpa Property Group Founder Christie Leet said the project is one of the best sites on the coast and it's a great addition to the Sherpa brand

First look: Sherpa file plans for luxury Chevron Island apartment development

Sekisui House is expanding into Castle Hill with a new site acquisition for its premium home building brand, SHAWOOD.

They've secured a 1.2-hectare site at&nbsp;2 McIntyre Place, where they intend to develop 16 detached homes each on 700 sqm which they will start construction on in mid-2024.

The acquisition comes off the back of continued growth for Sekisui House Australia, with the business recently announcing 10 acquired parcels of land across Sydney, NSW.&nbsp;

Sean Osawa, CEO of Residential Communities and Home Building at Sekisui House Australia, said the expansion into Castle Hill represents a key milestone in our growth journey across New South Wales.

"This project, like our other communities, is set to meet our high standards of innovation, design and sustainability but also resonate deeply with the local community."

The development is strategically located in a leafy area of Castle Hill and offers&nbsp;one of the last in-fill sites in the area.

<img alt="Sekisui Castle Hill" data-entity-type="file" data-entity-uuid="3805198f-2faf-492f-a710-05b8d6aa70d4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-18%20at%2012.20.20%20pm.png?VersionId=Qcao3paqY45JLXdQsk.UxRXVQEMuCD28" />

"At Castle Hill, our vision extends beyond constructing homes. We aim to cultivate a living environment that reflects the aspirations of our residents, enhancing the local community fabric," Osawa added.

"Each SHAWOOD home will be custom designed for the site, demonstrating the highest quality workmanship and curated Smart Home and sustainability inclusions."

The project&nbsp;is expected to draw significant interest due to its proximity to key infrastructure in The Hills Shire, including North Connex, the Metro North-West, arterial freeways to Sydney’s CBD, Castle Hill Towers shopping precinct, and educational facilities.

The development's strategic location, offering easy access to the city via the Castle Hill Metro Station and major roads.

Sean Osawa, CEO of Residential Communities and Home Building at Sekisui House Australia, said the expansion into Castle Hill represents a key milestone in our growth journey across New South Wales

Sekisui House Australia secure Castle Hill land site for townhouse development

Joint venture partners Rebel Property Group &amp; Braxton Capital, both privately held Sydney-based development firms, have unveiled plans to build 10 townhomes in Sydney’s affluent Lower North Shore.&nbsp;

The proposal is planned for a 2,400 sqm site close to Chatswood acquired last year from Uniting Church Australia. The site at 7-9 Lynvale Close had been under the same ownership for 50 years before the partners swooped.&nbsp;

Braxton owner Andrew Donnelly said they had been drawn to the site due to its ideal location: a quiet street across from a park, close to elite schools, a quick walk to the shops at Lane Cove or Chatswood and close to multiple train stations.

“The proposed scheme will be the first collection of houses by Rebel &amp; Braxton and has been developed in response to the increased demand&nbsp;for luxury homes in Sydney’s Lower North Shore,” Donnelly said.&nbsp;

The 2400 sqm site, currently occupied by a derelict aged care facility, will be redeveloped into a collection of residences designed by their longstanding architect partner Popov Bass. Each residence will have views of Helen St Park and will contain up to three separate living areas, three bedrooms, generous gardens and double lock-up basement parking and storage.

<img alt="The residences will replace a disused aged care facility at 7-9 Lynvale Close. " data-entity-type="file" data-entity-uuid="0806ee84-ea4c-42b0-b694-875271a89d53" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Disused%20aged%20care%20facility%20at%207-9%20Lynvale%20Close.png?VersionId=GUjiLxvam6JPSQ4tbi9RdOGPRBbrdhBF" />

Allen Linz from Rebel said: “We’ve worked closely with Council to achieve an outcome that improves the streetscape and provides for much-needed accommodation within the area.”&nbsp;

Designed with owner-occupiers in mind and at the top end of the market, each home will have a private lift and private master retreats including large bedrooms, walk-in robes and ensuites, a laundry room and integrated appliances. Select residences will also have a third living area that can be converted into a gym or studio, cinema room, private art studio or a kids’ rumpus room.&nbsp;

The developers are aiming to start construction by mid-2023, having just received planning approval from Lane Cove Council.

Rebel and Braxton have been busy over the past 18 months, padding out a substantial development pipeline with high-end residential apartment projects and commercial projects across Sydney. They hold a major focus on the core metro areas of Sydney such as the Inner West, Lower North Shore and the Eastern Suburbs.&nbsp;

<img alt="Rebel" data-entity-type="file" data-entity-uuid="580b06f3-4e8a-4339-8c44-4456318f63eb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-18%20at%2012.11.01%20pm.png?VersionId=CNvpMD4cybsRyYaEevzbkmESYrZEJrK8" />

In Marrickville, the group, in partnership with Toga Group, has recently secured pre-sales and started construction on an $80 million multi-level industrial complex after buying the 3500 sam site at 18-36 Faversham Street in 2022.&nbsp;

It also has plans for another Marrickville site it amalgamated earlier this year. The group secured 41-47 Farr Street, which it has since adjoined with a neighbouring site at 37 Farr Street, to create a 2,450 sqm block.

It now has plans for a <a href="/news/nsw/rebel-and-braxton-secure-greenlight-for-marrickvilles-first-timber-yards-precinct-apartments">$100-million project comprising five storeys of residential apartments</a> and a 600 sqm community pocket park.

Rebel and Braxton have been busy over the past 18 months with high-end residential apartment projects and commercial projects planned across Sydney

Rebel and Braxton unveils luxe Lane Cove townhouse project

Melbourne-based lifestyle developer PB&amp;Co. has secured a new off the plan sales record for a three-bedroom apartment in Toorak at its Clendon Residences development on Clendon Road.

The apartment, in the boutique block of five at 79 Clendon Road, fetched&nbsp;$31,591 per square metre. &nbsp;

PB&amp;Co. launched the project earlier this year on the street which has&nbsp;high-profile neighbours including Allen Myer, Paul Little, and David Smorgan.&nbsp;

The recent sale for $6.95 million to a local from Hawthorn purchasing a second home broke the previous price per square metre record of $29,101 for a three-bedroom apartment, with the buyer keen for an opportunity to invest in a residence in a street where prime real estate almost never comes to market. &nbsp;

<img alt="Clendon Master bedroom" data-entity-type="file" data-entity-uuid="d502a0c0-c9ce-472a-b741-806c5d85a6e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/FON_79%20Clendon_Final%20Render_Masterbed.jpg?VersionId=oCPyX8wun1lYzg65iv21t3dNItdU.HDC" />

Clendon Road is renowned as one of Toorak’s top four street addresses alongside Albany Road, Irving Road and St Georges Road, where a new house price record was recently set for Melbourne by Crypto casino co-founder Ed Craven, who paid $80 million for a dilapidated mansion in August last year.&nbsp;

With architecture by renowned New York-based Gregory Tuck, Clendon Residences has been crafted to respectfully contribute to the classic Georgian architecture that is prominent throughout the Clendon Road enclave, where some of the existing homes are said to be worth up to $100m. &nbsp;

Each residence is a testament to opulence and refinement – from hand-selected marble stone, oak timber floors, and the state-of-the-art Gaggenau appliances to the lush Christian Jenkins-designed landscaping that envelops the development, the meticulous attention to detail at the Clendon Residences epitomises luxury living, offering a unique blend of opulence and contemporary design.&nbsp;

<img alt="Clendon Kitchen" data-entity-type="file" data-entity-uuid="60885dd9-4f32-49d2-b114-8ba30e16e058" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/FON_79%20Clendon_Final%20Render_Kitchen_Option%2002.jpg?VersionId=Ve1zMUTht4lDNXXzIOidgcZDhw9WkAXh" />

PB&amp;Co. President Michael Pesochinsky said the recent off the plan sale further solidifies Clendon Road's status as a prime location for luxury real estate.&nbsp;

“Clendon Road is the pinnacle in luxury living, and our development at this coveted location provides astute buyers a unique and incredibly rare opportunity to reside amongst some of &nbsp;Australia’s wealthiest neighbours,"&nbsp;Pesochinsky says.

“Clendon Road is lined with multi-million-dollar mansions that nearly never come to market; Clendon Residences is an incredibly rare opportunity to acquire a Clendon Road address and the only apartment offering in this prestigious street. &nbsp;

“Its no surprise that buyers are seeing the value in our bespoke residences concept which strives to challenge the confines of traditional real estate and open the doors to a new way of living. &nbsp;

“Our homes offer residents unrivalled lifestyle experiences, underpinned by timeless aesthetics and international influences to create something truly extraordinary for &nbsp;Melbourne’s discerning elite.&nbsp;

“With our highly acclaimed design partners, we have created a new benchmark for luxurious living. The Clendon Residences offer the only apartment concept of its kind at such an exclusive address and so it’s no surprise there is keen appetite for the prospect to invest in &nbsp;the sought-after location with the bespoke residence concept being such a unique &nbsp;opportunity.”&nbsp;

The remaining Clendon Residences are priced from $6 million and are set to reach completion in early 2025. &nbsp;

PB&Co. President Michael Pesochinsky said the recent off the plan sale further solidifies Clendon Road's status as a prime location for luxury real estate

PB&Co secure price per square metre record for three-bed apartment on one of Toorak's best streets

Former footballer Scott Crow has secured approval for a Broadbeach apartment tower.

Crow, who played for both Collingwood and Hawthorn, is set to developer a 33-level tower on a large 1,750 sqm site at <a href="/new-apartments/33-37-armrick-avenue-broadbeach">33 Armrick Avenue</a>. Designed by <a href="/architects/plus-architecture" target="">Plus Architecture</a>, the 203-apartment tower will take on a tall, curved form that embraces the sub-tropical coastal lifestyle.&nbsp;

It will have a mix of one, two, three and four-bedroom apartments.

<img alt="First Look: Plus-designed Broadbeach apartment tower set for Armrick Avenue" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-14%20at%205.40.56%20pm.png?VersionId=.yagfyhJl9dNxPEZqOnG6XqcrZG5TqK9" />Render of the proposed Armrick Ave development. Credit: Plus

Crow filed the development application last September, around 14 months ago from application to approval.

In their design statement submitted to the Gold Coast City Council, Plus noted that the project&nbsp;embodies the nostalgic character of the Gold Coast, with a contemporary, well considered architectural response&nbsp;through form, materiality and response to climate and context.

Level three of the podium will house the recreation level, with plans for a gym, outdoor lounge and fire pit, yoga deck, two small cold pools, a large pool, complemented by floating day beds, a spa and shallow pool, private cabanas, lounge terrace, sauna and steam rooms, powder room, residential storage areas, barbecue areas and a bar nook.&nbsp;

The apartments will begin from level five, with eight apartments per floor until level 21.

<img alt="First Look: Plus-designed Broadbeach apartment tower set for Armrick Avenue" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-14%20at%205.41.32%20pm.png?VersionId=73pjIa6mHmcWB_R9zi4dE1Tkv4MLD3Hn" />Render of the Armrick Ave pedestrian entry. Credit: Plus

Taking up stock in the upper levels of the tower is a collection of sub-penthouses and penthouses.&nbsp;

Level 31 comprises four sub-penthouses, each with a master suite, as well as two additional bedrooms and bathrooms, a laundry room, multi-purpose room, a butler’s pantry, as well as an open plan kitchen, dining and living space that opens to a private outdoor space.&nbsp;

Two two-storey penthouses top out the development, with one occupying the northern area of the floorplate and the second in the southern.&nbsp;

The two penthouses mirror one another with the internal design, comprising three-bedrooms, a multi-purpose room, a laundry, a powder room, and an open plan kitchen, dining and two living areas.&nbsp;The eastern side of the penthouses will comprise a pool, sun deck, outdoor kitchen and barbecue area, dining as well as a fire pit.

<img alt="First Look: Plus-designed Broadbeach apartment tower set for Armrick Avenue" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-14%20at%205.51.41%20pm.png?VersionId=Z37u55IdSlxK5e1mLDi1L7D.qgghznyK" />Render of the Armrick Ave facade. Credit: Plus&nbsp;

The tower will sit a few doors down from Morris Property Group's recently launched <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a> at 13 Armrick Avenue.

<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest</a> is Morris's eighth apartment development in Broadbeach. That will have 157 apartments designed by Guida Moseley Brown Architects.

The tower will sit a few doors down from Morris Property Group's recently launched Crest Broadbeach at 13 Armrick Avenue

Former footballer secures approval for Gold Coast apartment development

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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Joel Robinson

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Developments

New apartments

New townhouses

News