On the <a href="/developments/gold-coast-qld">Gold Coast</a>, it's never been more important to show prospective buyers you've started construction.

It's the biggest confidence booster for buyers, and in the same instance a marketing tool for agents and developers. Construction commencement has always been important in the off the plan industry, but never more so than now, in the face of one of the most challenging construction periods the market has seen.

While impacting the whole of the country, the construction challenges have been most apparent in South East Queensland, where the majority of the tier one builders are taking government-funded construction contracts for infrastructure projects before the 2032 Brisbane Olympics.

That's left builders few and far between.

The demand v supply from a labour stand point is seeing subcontractors and trades push their prices up too, another developer headache. Add to that increased cost of materials versus a few years ago, and you've got a perfect storm.

Developers who build their own projects have rode through the storm more unscathed than others, while a number of developers are now starting to bring construction in house. Some are leaning on a joint venture partnership with a construction firm to get the project out of the ground.

There's been some significant construction commencements on the <a href="/developments/gold-coast-qld">Gold Coast</a> in recent months, bringing a much needed 860 apartments to an undersupplied market still in vogue for both locals and interstate buyers.

<h3>Project: Tapestry</h3>

<h3>Location: Chevron Island</h3>

<h3>Developer: SIERA</h3>

Burgeoning developer <a href="/developers/siera">SIERA</a> were one developer to bring construction in house to start the build of their arts-focused <a href="/new-apartments/chevron-island-qld-4217">Chevron Island apartment development</a>, <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a>.

The $135 million project on Darrambal Street is SIERA's first on the Gold Coast, after a long history of developing townhouses in Brisbane.&nbsp;

[smartcode_project:default project_id=108641 project_image_fid=205167]

SIERA Founder and Managing Director Brent Thompson spent 12 months analyzing the market in the <a href="/developments/gold-coast-qld">Gold Coast</a> before snapping up the prime 1,518 sqm <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a> site, and brought in local architecture firm BDA with the brief to merge art with architecture and to pay homage to Chevron Island's Home of The Arts precinct.

Read more:&nbsp;<a href="/news/qld/why-siera-group-chose-chevron-island-for-tapestry">Why Siera Group chose Chevron Island for Tapestry</a>

The result is a <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">22-storey tower with 113 apartments</a> and one of the most impressive rooftop amenity levels on the Gold Coast. It features a&nbsp;private dining space and kitchen, lounge and fire pit, yoga lawn, pool, spa and sundeck, barbecue and alfresco area, gym, sauna, steam room, and a lounge area separated by extensive landscaping.

Read more:&nbsp;<a href="/news/qld/is-this-the-best-rooftop-amenity-in-surfers-paradise">Is this the best rooftop amenity in Surfers Paradise?</a>

[smartcode_project:default project_id=108641 project_image_fid=192964]

The remaining apartments for sale at <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a> start from $939,900.

<h3>Project: Pipis</h3>

<h3>Location: 303 Golden Four Drive, Bilinga QLD 4225</h3>

<h3>Developer: SIERA</h3>

<a href="/developers/siera">SIERA</a> were too busy on the beachfront, turning the sod on their <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Bilinga Beach project, Pipis</a>.

The luxury development on Golden Four Drive comprises just 19 apartments. They've appointed LPS Group to build <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a>, given they're already underway internally at <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a>.

Read more:&nbsp;<a href="/news/qld/siera-property-group-kick-off-construction-at-pipis-bilinga">Siera Property Group kick off construction at Pipis Bilinga</a>

[smartcode_project:default project_id=138311 project_image_fid=217334]

The mid-rise building includes 17 half-floor apartments and two double-storey penthouses, with prices starting from $3.6 million.

Designed by Ellivo architects, the generous 279 sqm plus apartments have three bedrooms, each with an ensuite. The apartments get slightly bigger, up to 314 sqm, before the double-storey penthouses which have four bedrooms and 446 sqm of living space.

[smartcode_project:default project_id=138311 project_image_fid=217333]

<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a>, with its absolute beachfront access and excellent connectivity to the Gold Coast, has predominantly drawn the downsizing owner-occupier from the local area, Brisbane, and Sydney.

Read more:&nbsp;<a href="/news/qld/an-opportunity-not-to-be-missed-why-siera-property-group-couldnt-say-no-to-pipis-bilinga">"An opportunity not to be missed" Why Siera Property Group couldn't say no to Pipis Bilinga</a>

Positioned in the exclusive pocket of <a href="/new-apartments/bilinga-qld-4225">Bilinga</a> on the Southern Gold Coast, <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> benefits from its proximity to the evolving Golden Four Drive strip and the developing Kirra Point to the south.

[smartcode_project:default project_id=138311 project_image_fid=217335]

"When the opportunity to purchase&nbsp;<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">303 Golden Four Drive</a>&nbsp;was presented to us, we couldn't miss the opportunity to take such a special piece of land and design truly unique residences," Thompson says.

Construction completion is slated for mid-2025.

<h3>Project: Victoria &amp; Albert</h3>

<h3>Location: Broadbeach</h3>

<h3>Developer: Iris Capital</h3>

Developer <a href="/developers/iris-capital">Iris Capital</a> has too joined the growing trend of developers taking construction in-house.

CF Group initially handled the early construction works of their landmark precinct <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>, namely the excavation of the prime Niecon Plaza site in the heart of Broadbeach. But now the Sam Arnaout-led developer has announced its construction arm, Iris Built, will handle the next stage of the build.

Iris Built has assembled a proficient Tier 1 construction team with extensive experience in major projects, emphasizing their commitment to the successful delivery of V&amp;A.

[smartcode_project:default project_id=107928 project_image_fid=234091]

The Iris Built team will collaborate closely with Eastview Australia, a proficient project management firm with a track record of delivering major high-rise developments on the Gold Coast for over two decades.

Designed by DBI, <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A</a> comprises two residential towers: Victoria Residences and Albert Residences.

Victoria Residences offers carefully crafted one and two-bedroom apartments with spacious indoor and outdoor living areas.

[smartcode_project:default project_id=107928 project_image_fid=234102]

Meanwhile, the second tower, Albert Residences, offers luxurious, home-sized residences starting at $1.99 million with panoramic views of the Gold Coast's natural landscape.

V&amp;A will feature a 25-metre lap pool with an outdoor dining and barbecue area, a spa and steam room, a Zen garden, a yoga deck, a boutique resident's lounge, and a kid's club area with a playground, all surrounded by sub-tropical gardens.

[smartcode_project:default project_id=107928 project_image_fid=234095]

The project also includes a resident's sky lounge on the top level of Victoria Residences, complete with luxury dining, lounge, wellness, and work zones, providing breathtaking views of the ocean and city skyline.

<h3>Project: Cascade</h3>

<h3>Location: Robina</h3>

<h3>Developer: Andrews Projects</h3>

Family-owned <a href="/developers/andrews">Andrews Projects</a> has commenced construction on <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a>, its largest venture to date.

They've too <a href="/news/qld/andrews-projects-bring-construction-in-house-and-start-cascade-robina-build">brought construction in house</a>, creating "A Construct."

Upon completion, the $270 million twin-tower apartment development in <a href="/new-apartments/robina-qld-4226">Robina</a> will home around 1,000 residents across 229 two and three-bedroom apartments and villas, the majority of which will offer panoramic views of the Surfers Paradise skyline and Gold Coast Hinterland.

Priced from $850,000, <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a> is poised to deliver significant economic stimulus to the <a href="/new-apartments/robina-qld-4226">Robina area</a>, aligning with the State Government's vision for the Olympic Satellite Village in the vicinity.

[smartcode_project:default project_id=135618 project_image_fid=210936]

Residents will enjoy access to a suite of six-star amenities, including a 25m resort pool, a 170 sqm gym, a sauna, a cold plunge, and a steam room.

The project is over 60 per cent as construction commences.

<h3>Project: Orama</h3>

<h3>Location: Chevron Island</h3>

<h3>Developer: Aniko</h3>

The George Mastrocostas-led <a href="/developers/aniko-group">Aniko Group</a> is gearing up to commence construction on its next venture, the $150 million <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a>&nbsp;at <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a>.

Once complete, <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> will feature 102 apartments, offering two-bedroom units ranging from $995,000 to $1.45 million and a variety of three-bedroom skyhomes starting at $1,995,000.

<a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> residents will have access to a 550 sqm rooftop recreation area, inclusive of a gymnasium, pool, spa, residents lounge, and an array of other amenities.

[smartcode_project:default project_id=111898 project_image_fid=240587]

The project is strategically targeting local downsizers and interstate migrants and is progressing towards a successful sellout.

Mastrocostas revealed that the project has already achieved almost $100 million in unconditional sales since its market launch earlier this year.

Construction is <a href="/news/qld/aniko-to-kick-off-construction-of-chevron-island-apartment-development-orama">set to commence in November</a> and is expected to take approximately 18 months, with completion scheduled for early 2025. <a href="/developers/aniko-group">Aniko</a> has been a builder developer for a number of years.

Builder developers have rode through the storm more unscathed than others, while a number of developers are now starting to bring construction in house

Joel Robinson

How important is construction commencement? Five Gold Coast apartment developments which started construction in Q4 2023

Australia's premier developers and projects were recognised in 42 different categories at the PropertyGuru Asia Property Awards, held at the Grand Hyatt Melbourne—marking the inauguration of the prestigious event in Australia.&nbsp;

Luxury developer&nbsp;<a href="/developers/aqualand-australia">Aqualand</a> secured a remarkable 13 wins, cementing its position as the most-awarded developer of the night. They claimed the Best Developer title for the first time, along with the Best Luxury Developer and Best Mixed-Use Developer titles.

The $1 billion mixed-use project <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>&nbsp;in <a href="/new-apartments/north-sydney-nsw">North Sydney</a> stood out as the most awarded project, receiving three development awards, including the Best Mixed-Use Development title, as well as three design awards for its architecture and interior design.

[smartcode_project:default project_id=30959 project_image_fid=202657]

<a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> will be North Sydney's pioneering new development, offering some of the most high-end apartments in the suburb designed by Woods Bagot and Richards Stanisich.&nbsp;

Read more:&nbsp;<a href="/news/nsw/how-aura-by-aqualand-adds-a-new-jewel-in-north-sydney-s-crown">How AURA by Aqualand adds a new jewel in North Sydney’s crown</a>

The 29-level building will home 386 apartments, comprising one, two, three, and four-bedroom units, including sub-penthouse and penthouses.

The apartments offer a seamless transition from open living spaces to inviting winter gardens or balconies, while some units feature a multi-functional room that can serve as an additional living area, an office, a bedroom, or an ideal guest room.

The interior designers at Richards Stanisich have thoughtfully curated three contemporary colour palettes for AURA residences – light, mid or dark. All palettes are very textural and evoke a sense of feeling from lightness to opulence.

[smartcode_project:default project_id=30959 project_image_fid=202990]

<a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> features a podium-level retail precinct with a curated shopping and dining destination, including a providore, bakery, café and wine bar, an all-day diner and a contemporary Japanese restaurant.&nbsp; Other resort-style facilities include a lifestyle concierge, pool, gym, room, sky deck, private dining rooms, and barbecue space for year-round al fresco entertaining.&nbsp;

Read more: <a href="/news/nsw/buyer-testimonial-how-sandra-and-henry-found-their-dream-home-at-aura-by-aqualand-in-north-sydney">How Sandra and Henry found their dream home at AURA by Aqualand in North Sydney</a>

<a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> represents the fifth residential project delivered by Aqualand since the company’s launch in 2014 and is well on the way to joining a portfolio of other notable completed projects such as BLUE at Lavender Bay in Milsons Point and The REVY at Darling Island, which were also awarded at the PropertyGuru Asia Property Awards.

[smartcode_project:default project_id=30959 project_image_fid=203003]

<a href="/buildings/blue-at-lavender-bay-61-lavender-street-milsons-point">BLUE at Lavender Bay</a> won the Best Luxury Apartment Development (New South Wales) and Best Mixed-Use Architectural Design titles, while The REVY at Darling Island was awarded the Best Luxury Heritage Development and Best Waterfront Apartment Development.

The founder and group managing director of Aqualand, Shangjin Lin, was named Australia Real Estate Personality of the Year by the editorial team of Property Report by PropertyGuru magazine for his achievements in spearheading some of Australia’s largest urban renewal projects.

AURA by Aqualand is the second project to be delivered by Aqualand’s internal construction arm, <a href="/developers/aqualand-australia">Aqualand</a> Construction.&nbsp;

The development’s construction has reached its structural top-out, and the wall framing, joinery, stone, and services are now being installed in the apartments.&nbsp;

The estimated completion date is mid-2024.

[smartcode_project_cta:default project_id=30959]

Aqualand claimed the Best Developer title for the first time, along with the Best Luxury Developer and Best Mixed-Use Developer titles.

Aqualand sweeps Asia Property Awards for three Sydney apartment developments

National apartment developer <a href="/developers/kokoda-property">Kokoda Property</a> were very strategic in their acquisition of the site for their latest Brisbane apartment development, Ruby Ruby.

Having already completed <a href="/buildings/chester-ella-penthouse-collection-14-ella-street-newstead">Chester &amp; Ella</a> and <a href="/buildings/the-ambrose-19-23-mcdougall-street-milton">The Ambrose</a> in <a href="/new-apartments/newstead-qld-4006">Newstead</a>, Kokoda stayed near the river, but ventured much closer to the city.

They snapped up a site in <a href="/developments/milton-qld-4064">Milton</a>, which has quickly garnered attention for its quirky cafe and brewery scene attracting young professionals.

[smartcode_project:default project_id=139032 project_image_fid=232285]

The Crombie Street site is ideally located just behind the <a href="/developments/milton-qld-4064">Milton</a> Train Station, a three-minute train to Roma Street Station. The train lines also reach as far as Springfield and Ipswich to the south and the Redcliffe Peninsula to the north.

Ruby Ruby residents won't have to head into the city however to find amenity.&nbsp;

Brisbane’s first outdoor café strip is located a stone's throw away on Park Road, with Bunker Coffee open for breakfast and Arrivederci Pizza a popular lunchtime spot.

[smartcode_project:default project_id=139032 project_image_fid=232277]&nbsp;

<a href="/developments/milton-qld-4064">Milton</a> boasts a vibrant cultural scene, with shopping and entertainment options at Rosalie Village, The Barracks at Petrie Terrace, and the Caxton Street entertainment precinct. Additionally, the lively Milton Markets are just one block away from Ruby Ruby, which will no doubt be a weekend hotspot.

Residents will be walking distance to Milton's iconic XXXX Brewery, <a href="/developments/milton-qld-4064">Milton</a> Common, Tuk Tuk Restaurant &amp; Bar, Newstead Brewery, and Brewski Bar.

Residents will be surrounded by abundant green space, bikeways and the Brisbane River, with can play sports in <a href="/developments/milton-qld-4064">Milton</a> Park and Frew Park or stroll down the river in no time. Other popular parks and playgrounds nearby are Dunmore Park, Paddington Skatepark, Roma Street Parkland, Wickham Park and E.E. McCormick Place on the waterfront.

Sport fans will also be at home with Suncorp just 750 metres away.

Families are expected to take interest in some of the larger apartments at Ruby Ruby, to be able to stay in a connected neighbourhood near good schools. <a href="/developments/milton-qld-4064">Milton</a> State School, Hubbard's School, and Brisbane Grammar School are within 600 metres of Ruby Ruby, while Queensland University of Technology is only an eight-minute drive away.

Read more:&nbsp;<a href="/news/qld/the-rise-of-milton-whats-driving-off-the-plan-apartments-buyers-to-the-inner-brisbane-suburb">The rise of Milton: What's driving off the plan apartments buyers to the inner-Brisbane suburb</a>

[smartcode_project:default project_id=139032 project_image_fid=232284]

Residents won't even have to leave Ruby Ruby however with the extensive amenity Kokoda is flooding the 21-level Cottee Parker-designed building with.

The 144-apartment building will feature a wellness rooftop with a wet-edge swimming pool that spans the full width of the building. Completing the fitness component of the rooftop is a heath and wellness space with a gym, infrared sauna, spa, plunge pool and a yoga studio.&nbsp;

[smartcode_project:default project_id=139032 project_image_fid=232307]

<a href="/developers/kokoda-property">Kokoda</a> is also catering for the working from home trend with a number of meeting rooms on the ground level, while the podium will home a&nbsp;private dining and lounge area, a cinema room, and a billiards room.

Read more:&nbsp;<a href="/news/qld/a-rooftop-wellness-retreat-and-a-luxe-cinema-inside-the-facilities-at-kokodas-ruby-ruby-apartments-in-milton">A rooftop wellness retreat and a luxe cinema: Inside the facilities at Kokoda's Ruby Ruby apartments in Milton</a>

<a href="/developers/kokoda-property">Kokoda</a> is expected to announce a builder for Ruby Ruby before the end of the year, with construction slated to commence in early 2024 and a target completion date in late 2025.

[smartcode_project_cta:default project_id=139032]

The Crombie Street site is ideally located just behind the Milton Train Station, a three-minute train to Roma Street Station

Why prospective buyers will be excited by the location of Kokoda's latest Brisbane apartment development, Ruby Ruby

Family-owned <a href="/developers/andrews">Andrews Projects</a> has broken ground on its&nbsp;largest project to date, their $270 million, twin-tower apartment development in <a href="/new-apartments/robina-qld-4226">Robina</a>.

The project, <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a>, which has sold over 60 per cent of its 229 residences,&nbsp;will create over 300 jobs on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> and provide significant employment opportunities during its two-year lifecycle.

[smartcode_project:default project_id=135618 project_image_fid=215796]

Upon completion, <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a> will be home to around 1,000 residents across two and three-bedroom apartments and villas, with majority offering views of the Surfers Paradise skyline and <a href="/new-apartments/gold-coast-qld">Gold Coast</a> Hinterland.

Residents will have access to a suite of six-star amenities including a 25m resort pool, 170 sqm gym, sauna, cold plunge and steam room.

[smartcode_project:default project_id=135618 project_image_fid=215798]

Architecturally, <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a> follows the distinctive curvy style which <a href="/developers/andrews">Andrews Projects</a> has instilled in all of its projects. The apartments feature floor-to-ceiling windows and large, liveable balconies.

With prices starting from $850,000, <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a> will provide significant economic stimulus for the <a href="/new-apartments/robina-qld-4226">Robina</a> area, in line with the State Government’s plan for the Olympic Satellite Village in the area.

<a href="/developers/andrews">Andrews Projects</a> Sales Manager Sarah Andrews said <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a> is a beacon of progress for <a href="/new-apartments/robina-qld-4226">Robina</a>, transforming the skyline and offering a new standard of modern living.

“Commencing construction on <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a> is a significant milestone for both <a href="/developers/andrews">Andrews Projects</a> and having Cr Hermann Vorster support is a strong vote of confidence in the project," Andrews says.

"<a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a> underscores our commitment to community and job creation, all while providing a luxurious living experience for future Gold Coast residents.”

Earlier this year&nbsp;<a href="/developers/andrews">Andrews Projects</a> <a href="/news/qld/andrews-projects-bring-construction-in-house-and-start-cascade-robina-build">announced the launch of its in-house construction arm</a>&nbsp;following a challenging time in the South East Queensland construction sector.

[smartcode_project_cta:default project_id=135618]

Earlier this year Andrews Projects announced the launch of its in-house construction arm following a challenging time in the South East Queensland construction sector

Andrews Projects start construction on Cascade Robina apartment development

Ever since the new Maroochydore CBD was gazetted back in 2015, locals and interstate investors have had their eyes on what is fast becoming the focal point of the Sunshine Coast.

The most prominent developer in the Maroochydore region for the last two decades has been <a href="/developers/habitat-development-group">Habitat Development Group</a>, who have been developing and building apartments in the area since 2005.

They're currently building <a href="/buildings/the-corso-maroochydore-20-south-sea-islander-way-maroochydore">The Corso</a>, only the second tower in the&nbsp;evolving <a href="/developments/maroochydore-qld-4558">Maroochdyore</a> CBD, which is one of just a handful of greenfield CBD's in the world. The Sunshine Coast&nbsp;Council are building the CBD from scratch, and therefore are able to effectively create a city built with more modern technology than other cities across the world. They secured the former Horton Park Golf Course eight years ago and went about creating a new city.

In partnership with SunCentral&nbsp;<a href="/developments/maroochydore-qld-4558">Maroochydore</a>&nbsp;and&nbsp;<a href="/developers/walker-corporation" target="">Walker Corporation</a>, the new CBD, to be known as The Bright City, will home 160,000 sqm of commercial and retail space and 4,000 residential apartments when completed in the next 15 to 20 years.

It's drawn owner-occupiers, be it purchasers or renters, to the area, as well as interstate investors. Savvy Sydney investors have identified Maroochydore as an opportunity. They've made up around 50 per cent of the purchases in The Corso, which has 158 apartments across two towers on South Sea Islander Way.

Read more: <a href="/news/qld/why-sydney-investors-are-dominating-in-maroochydores-the-corso-development-on-the-sunshine-coast">Why Sydney investors are dominating in Maroochydore's The Corso development on the Sunshine Coast</a>

&nbsp;

[smartcode_project:default project_id=100708 project_image_fid=197260]

The project, with 715 sqm of retail space on the ground floor, a 600 sqm communal terrace connecting the two towers and a resort-style swimming pool, is around 65 per cent sold.

<a href="/buildings/the-corso-maroochydore-20-south-sea-islander-way-maroochydore">The Corso</a> comes after Habitat's Market Lane Residences, at the entrance to the new CBD on Mundoo Boulevard, which was completed early last year.

<a href="/buildings/the-corso-maroochydore-20-south-sea-islander-way-maroochydore">The Corso</a> will bring much&nbsp;needed housing supply to the area. Maroochydore has been steadily gaining popularity over recent years, evident in census data from the Australian Bureau of Statistics. In 2016, 16,800 people called Maroochydore home, a number that has swelled to 20,629 in 2021.

[smartcode_project:default project_id=100708 project_image_fid=194875]

<a href="/developers/habitat-development-group">Habitat</a> made sure they contributed to driving the Sunshine Coast economy with <a href="/buildings/the-corso-maroochydore-20-south-sea-islander-way-maroochydore">The Corso</a>. Around 380 people have been employed to help deliver the project.

“We have a commitment to supporting local trades in all our projects as much as we can," Habitat Managing Director Cleighton Clarke says.

"We were concerned the labour shortages might affect this project given its size. But despite the labour shortages in the construction sector, it’s been really exciting to see how many local trades are interested in being involved in this new CBD project.&nbsp; That means we’ll be able to resource the project without having to go outside the Sunshine Coast which is great news for the local economy."&nbsp;&nbsp;

The Corso is slated for completion in mid-2024.

[smartcode_project_cta:default project_id=100708]

The Sunshine Coast Council are building the CBD from scratch, and therefore are able to effectively create a city built with more modern technology than other cities across the world

Why locals and interstate investors are looking to Sunshine Coast's Maroochydore for value and opportunity

EG Funds Management are bringing over 550 apartments to the vastly undersupplied Brisbane apartment market.

They're splitting their approved Fortitude Valley building in half, vertically not horizontally, creating two towers, one with 326 build to rent apartments, the other with 225 build to sell apartments across 33 levels.

The vast 3,582 sqm block stretches across 80 McLachlan Street and 801 Ann Street, while also having street frontages to Moregan and Connor Streets. the BTR tower will face Ann Street and the BTS tower McLachlan Street.

The Town Planning Report by Urbis said&nbsp;the Rothelowman-designed proposal delivers an exemplary design outcome that offers choice and diversity for both the apartment and rental market in Brisbane.

<img alt="EG" data-entity-type="file" data-entity-uuid="f87be608-8e20-4b6b-8ad2-2a55af6b947e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-27%20at%203.45.10%20pm.png?VersionId=frciwo0Om0LJL5Bj53P54k0S9Mz2rNQa" />

"The development provides a memorable marker to the inner-city skyline, with vertical landscaping dispersed generously and use of contrasting colour palettes between the two towers," Urbis noted in their Assessment Report.

"The materiality creates a modern residential development with subtropical components that suitably respond to the site’s context and are unique to Brisbane."

Urbis said a key aspect of the development proposal is its building height.

"The proposed concept relies upon the existing approved height of the commercial scheme and enhances the design to provide a more refined outcome for the site involving two separate towers with greater setbacks and separation as well as reduced tower site cover."

<img alt="EG Funds" data-entity-type="file" data-entity-uuid="fd17c6e1-c060-4abd-89d6-2124547dfb90" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-27%20at%203.44.50%20pm.png?VersionId=3eG1_QsuiRkmT7uRGqkZN1Zf9iqVqlPr" />

They said significant events have occurred since the receipt of the two previous approvals, including COVID-19, population growth, and confirmation of Brisbane as the host city for the 2032 Olympics.

"These significant events have stimulated changes to policy direction for planning and development of Brisbane.

"Recent federal, national and local strategic policies are expressing a consistent direction whereby increased height and density is supported in appropriate locations, particularly to address a critical economic and community need for housing supply.

"The proposal is aligned with this emerging policy direction, as the site is a large island site with no adjoining sensitive uses and receivers and highly accessible to public transport, employment and goods and services.

"It is of an appropriate scale and density that can accommodate significant on-site population to support the day- and night-time economy of Fortitude Valley."

<img alt="EG" data-entity-type="file" data-entity-uuid="fabcd145-42f6-4c2b-947b-77f5f4eb69d3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-27%20at%203.50.41%20pm.png?VersionId=_lLRzKvOl8DwEDn6YXUhCU2bdA.Agjwh" />The former approval, left, vs the new plans, right

Architecture firm Rothelowman said in their Urban Context Report that the towers will make a "genuine contribution to helping solve the current housing crisis that affects Brisbane and Australia as a whole."

Part of the proposal is over 1,000 sqm of retail space which activates all four street frontages and provides a day/night economy to the area.

There will be around 300 sqm of purpose built community use space operated by the Little Big Foundation,&nbsp;over 400 sqm of privately owned public space in the form of a covered colonnade, activated plaza and sub-tropical gardens, and a subtropical colonnade along Morgan St that links together two heritage buildings; The Osbourne Hotel and St Patricks Cathedral.

Rothelowman said a deliberate focus on the power of landscape is at the heart of all design strategies embedded in the project.

<img alt="EG Funds FV" data-entity-type="file" data-entity-uuid="ece0022e-f723-4520-bc83-ba976eb816ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-27%20at%203.42.59%20pm.png?VersionId=KFlCgUpGY4QaxL7fSgxruiE8QF.7NAmJ" />

"801 Ann St seeks to provide an exemplary residential project grounded in a deep understanding of place and a sincere dedication to life in the subtropics. The design seeks to reimagine urban living with a central focus on community, generosity, and connection to nature. This approach and attitude is fundamental in providing a future focused methodology to delivering much needed housing within our rapidly evolving city.," Rothelowman said.

"Crafted through a meticulous analysis of the site and its surroundings, 801 Ann aims to seamlessly engage with the existing context of Fortitude Valley whilst offering rejuvenation to one of the more intense inner-city suburbs of Brisbane. It envisions weaving a vibrant, active, and generous urban atmosphere into the Valley heart, utilizing urban gestures and deep sheltered public spaces to establish a porous and harmonious interface with the city."

Both towers feature rooftop recreation decks with a pool, spa area, sun deck, dining room and kitchen and BBQ areas, as well as further amenity on level five with a gym for each building, a wellness spa, library, and work from home spaces.

EG Funds Management has over $5.1 billion in assets under management and a $3.9 billion development pipeline across Australia. They intend to keep the BTR tower, which they will let a national operator manage.

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The Town Planning Report by Urbis said the Rothelowman-designed proposal delivers an exemplary design outcome that offers choice and diversity for both the apartment and rental market in Brisbane

EG Funds to plug Brisbane housing supply hole with build to rent and build to sell plan apartment towers in Fortitude Valley

South East Queensland property developer Sherpa has continued to show its confidence in the <a href="/developments/gold-coast-qld">Gold Coast</a> with the acquisition of three premier sites.

<a href="/developers/sherpa-property-group">Sherpa</a>, led by Christie Leet, has recently purchased a 1710 sqm site at <a href="/new-apartments/perspective-helm">107 Stanhill Drive</a> in <a href="/developments/chevron-island-qld-4217">Chevron Island</a>, a 915 sqm site at 45 <a href="/developments/labrador-qld-4215">Labrador</a> Street in <a href="/developments/labrador-qld-4215">Labrador</a>, and a 17-hectare site on Winchelsea Way at Terranora for future residential developments.

The acquisitions come on the heels of the company's sell-out success of its Perspective Broadwater project and the near sell-out of Perspective on Albatross in Mermaid Beach, as well as the launch of their latest Perspective project, <a href="/developments/palm-beach-qld-4221">Perspective Nexus Palm Beach</a>.

[smartcode_project:default project_id=108324 project_image_fid=228359]

<a href="/developers/sherpa-property-group">Sherpa Property Group</a> founder Christie Leet said the company was keen to explore further opportunities as its recent projects were nearing completion.

"We’re very bullish on the <a href="/developments/gold-coast-qld">Gold Coast</a> market and these latest acquisitions will enable us to continue to build and grow <a href="/developers/sherpa-property-group">Sherpa</a> brand as a residential developer of choice for discerning buyers,” he said.

“We believe and have long held the belief that the <a href="/developments/gold-coast-qld">Gold Coast</a> is poised for remarkable growth in the years to come, and we are thrilled to be able to provide high-end luxury residential offerings as the city matures and grows.

“We see tremendous potential in <a href="/developments/chevron-island-qld-4217">Chevron Island</a>, Labrador and Terranora as three of the best sites site available in the <a href="/developments/gold-coast-qld">Gold Coast region</a>. Choosing these locations for our new projects aligns with our vision of creating premium living spaces that contribute to the vibrant character of the Gold Coast.”

<img alt="Perspective" data-entity-type="file" data-entity-uuid="dbc56d21-04f1-41e4-8a56-d4eac83800c8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-27%20at%203.21.16%20pm.png?VersionId=tTr.fLP6hhmDww1_GbiXF9nmi_UbBRaK" />The <a href="/developments/chevron-island-qld-4217">Chevron Island </a>riverfront site will be another addition to Sherpa’s ‘Perspective’ brand and deliver a luxury riverfront project.

<a href="/developers/sherpa-property-group">Sherpa</a> secured a <a href="/developments/labrador-qld-4215">Labrador</a> site for a small lot subdivision, a return to its roots and the 'Freedom' brand which the company believe is the future of housing on the <a href="/developments/gold-coast-qld">Gold Coast</a>. Their Terranora acquisition, a large lot subdivision in Northern NSW, will be a part of Sherpa's 'Estates' brand.

<a href="/developers/sherpa-property-group">Sherpa Property Group</a> is currently in the planning stages for the three projects, with a development application expected to be lodged for the <a href="/developments/chevron-island-qld-4217">Chevron</a> site in late 2023.

Leet said the growth trajectory of the <a href="/developments/gold-coast-qld">Gold Coast</a> was simply astounding.

“Apartment sales have increased, and stock levels have decreased – we are keen to fill that void,” said Leet.

[smartcode_project:default project_id=108324 project_image_fid=232461]

New data from Urbis has revealed a <a href="/news/qld/gold-coast-apartment-sales-jump-in-q3-2023-urbis">significant increase in apartment sales from the previous quarter</a>. The majority of these sales were centred around the traditional apartment precincts of Surfers Paradise, Broadbeach and Main Beach.

Sherpa has undertaken 11 projects on the <a href="/developments/gold-coast-qld">Gold Coast</a> over the last six years. These include Scenic Ridge at Bilambil Heights, Freedom Caba at Cabarita, Freedom Rainbow Bay at Rainbow Bay, Freedom Skyline at Ashmore, The Golden Four at Bilinga, Perspective 202 at Bilinga, Perspective 488 and Perspective Two Sea at Palm Beach, Perspective Broadwater at Biggera Waters, Perspective on Albatross at Mermaid Beach and Perspective Nexus at Palm Beach.

Sherpa Property Group founder Christie Leet said the company was keen to explore further opportunities as its recent projects were nearing completion

Sherpa secure three new residential development sites 

Prolific Gold Coast developer <a href="/developers/aniko-group">Aniko Group</a> is set to break ground on its next project, the $150 million <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> apartments at <a href="/developments/chevron-island-qld-4217">Chevron Island</a>.

<a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> is the latest in a project portfolio of more than $2 billion by the George Mastrocostas-led <a href="/developers/aniko-group">Aniko Group</a>.

<a href="/developers/aniko-group">Aniko</a> has switched its attention to the central <a href="/developments/gold-coast-qld">Gold Coast</a> suburb of <a href="/developments/chevron-island-qld-4217">Chevron Island</a> after completing the largest suburb transformation of <a href="/developments/hope-island-qld-4212">Hope Island</a> where the company has all but sold out more than $500 million of residential apartment and townhouse product.

[smartcode_project:default project_id=111898 project_image_fid=240584]

Once complete, <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> will comprise 102 residences and include two-bedroom apartments from $995,000 to $1.45 million and a range of three-bedroom skyhomes from $1,995,000, offering panoramic views over the central <a href="/developments/gold-coast-qld">Gold Coast</a> skyline.

The project is targeting local downsizers and interstate migrators and is well on its way to a successful sellout.

“We are thrilled with the take-up of <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> which has been highly competitively priced and offers some of the best quality amenities of any project in the precinct,”&nbsp;<a href="/developers/aniko-group">Aniko Group</a> Managing Director George Mastrocostas said.

“Nothing has been an afterthought, from the quality of the apartments themselves to the 550 sqm rooftop recreation area comprising of a gymnasium, pool, spa, residents lounge and a host of other amenities.”

[smartcode_project:default project_id=111898 project_image_fid=209597]

The completion of Aniko’s inner <a href="/developments/hope-island-qld-4212">Hope Island</a> developments – the culmination of five years of development transforming inner <a href="/developments/hope-island-qld-4212">Hope Island</a> – has been the trigger for the beginning of construction at <a href="/developments/chevron-island-qld-4217">Chevron Island</a>.

“We’ve been able to redeploy our construction teams after what has been an amazing five-year journey in which we have successfully sold and built some 630 new residential dwellings in <a href="/developments/hope-island-qld-4212">Hope Island</a>,” Mastrocostas added.

“Our <a href="/developments/hope-island-qld-4212">Hope Island</a> experience has allowed us to accelerate our brand awareness out of the <a href="/developments/gold-coast-qld">Gold Coast</a> and we are certainly excited about delivering Orama to new customers.”

Construction gets underway in November and will take approximately 18 months to build with completion scheduled for early 2025.

[smartcode_project:default project_id=111898 project_image_fid=240587]

Mastrocostas said the project had achieved almost $100 million in unconditional sales since its launch to the market earlier this year.

He said some buyers had sold in existing <a href="/developments/chevron-island-qld-4217">Chevron Island</a> projects or had come from other projects that had yet to proceed.

<a href="/developers/aniko-group">Aniko Group</a> is also planning one of the largest transformative projects on the central <a href="/developments/gold-coast-qld">Gold Coast</a> with its proposed $2 billion Seaview master planned precinct at Mermaid Beach currently before council.

[smartcode_project_cta:default project_id=111898]

Construction gets underway in November and will take approximately 18 months to build with completion scheduled for early 2025

Aniko to kick off construction of Chevron Island apartment development, Orama

Australian developer <a href="/developers/golden-age-group">Golden Age</a> has recorded over $40 million in sales for its recently launched Box Hill South project, <a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a>.

Since launching to market last month, over 60 per cent of Stage 1 townhomes have been snapped up, with the project’s cost-saving sustainability measures a key drawcard.

Located at <a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">15 Hay Street</a>, <a href="/developers/golden-age-group">Golden Age</a>, together with Cox Architecture, has developed a residential masterplan that will see the delivery of 143 townhomes and provide 13,000 sqm of dedicated green space.

The majority of purchasers have been families aged in their mid 30s to 40s looking for properties within the <a href="/new-townhouses/box-hill-south-vic-3128">Box Hill</a> school zone, as well as individuals in their mid 20s to mid 30s looking to upgrade their lifestyle from smaller apartments and townhomes.

[smartcode_project:default project_id=104627 project_image_fid=222319]

As the cost of living continues to climb, purchasers are looking for features that will help them to save on energy bills and improve their carbon footprint. <a href="/developers/golden-age-group">Golden Age</a> has factored in a variety of sustainability initiatives into the luxury townhomes, including rooftop solar panels, provision for fast EV charging, energy-efficient heating and cooling, filtered rainwater connection to irrigation and utilities, to name a few.

Residents will also have access to an abundance of green open space for exercise and immersion in the natural surrounds.

[smartcode_project:default project_id=104627 project_image_fid=222321]

<a href="/developers/golden-age-group">Golden Age</a> Chief Investment Officer Bing Chen said Golden Age’s vision is to dream, plan and deliver the most exciting housing communities within <a href="/new-townhouses/box-hill-south-vic-3128">Box Hill.</a>

“<a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a> is one of the most significant developments within the booming suburb and it delivers a visionary, enduring, future-ready lifestyle through a dedication of weaving environmental sustainability into each and every home. It was important for these townhomes to be sustainable without compromising on luxury, offering a blueprint for a greener and more sustainable future.”

[smartcode_project:default project_id=104627 project_image_fid=222322]

The project also embodies urban design principles that aim to reintegrate the site back into its surroundings, complementing the existing fabric and making a positive contribution and lasting legacy for the neighbourhood and its local community.

The well-considered townhomes, with interiors by leading interior designer MIM design, range in size from three-bedroom to four-bedroom with two premium colour schemes available.

The <a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a> site was formerly home to Hays International College and is positioned next to Wembley Park, Box Hill Soccer Club, Box Hill Golf Club and the Gardiners Creek Trail.

[smartcode_project_cta:default project_id=104627]

Since launching to market last month, over 60 per cent of Stage 1 townhomes have been snapped up, with the project’s cost-saving sustainability measures a key drawcard

Golden Age secure $40 million in sales at nature-fuelled Box Hill South townhouse development, Wembley Hill

Isle of Capri’s largest residential project in more than three decades is moving full steam ahead with local builder Greyburn appointed and construction set to kick off this side of Christmas.

Developed by Gold Coast based Monaco Property Group (MPG) Capri represents the largest (in one line) residential land holding in the suburb with the multi-award winning residential project positioned on a prime 1.2-hectare site.

Construction will commence at the site in the coming weeks with demolition set to kick start the project, with 24 existing townhomes set to be demolished along with a pool and tennis court on the site formerly known as Figtree East.

[smartcode_project:default project_id=139511 project_image_fid=213450]

The appointed builder Greyburn has over 35 years’ experience in the industry with a strong track record for delivering high quality townhouses, mid-rise residential developments, and commercial buildings including Rhythm Kirra Hill and Robina Grand.

Greyburn Director John Kearney says his team secured the project through a competitive tender process emphasising quality, experience and a collaborative approach to construction and design.

“We were attracted to this project because Capri demands the very best quality with a high level of attention to detail, and we are committed to delivering on that promise,” Kearney says.

“MPG are committed to using solid materials and have based their design decisions around using materials like concrete, blockwork, and suspended concrete slabs for longevity and environmental sustainability and for this reason, Capri will represent the very best of high-end residential construction.”

[smartcode_project:default project_id=139511 project_image_fid=213451]

Kearney said that his experienced and committed team of suppliers and contractors will ensure Capri is delivered to the highest standards.

“We will work with our trusted team, many of whom we have worked with for more than 10 years to ensure Capri is built to stand the test of time,” he said.

“Capri is truly special to us as a Gold Coast-based builder. Located at the heart of the vibrant Isle of Capri, this project offers a strategic opportunity to construct 48 luxury villas. We're thrilled to contribute to the growth of our community and create homes that embody the essence of this dynamic locale.”

Architecturally designed by global practice Plus Architecture and local Gold Coast award-winning firm BDA Architecture, the luxury residential project offers a selection of two and three-level villas ranging in size from 241 sqm to 370 sqm. The homes have three or four-bedroom, all available with multi-purpose rooms and secure double garages.

[smartcode_project:default project_id=139511 project_image_fid=214735]

NPA Projects Director Andrew Erwin says news of Capri’s builder appointment and construction commencement is a significant milestone and is sure to please buyers before the rush of the holiday season.

“Capri is in an ideal position with approximately $70 million in sales to date,” says Erwin.

“Now with construction set to commence before Christmas, buyers can be confident the muilti-award winning landmark project is underway and on track for residents to move in mid-2025.”

Capri’s strategic location, nestled near Surfers Paradise, Bundall, and Broadbeach, offers vibrant inner city living in a highly sought-after residential pocket at one of the city’s most coveted addresses. All 48 architecturally designed villas have been individually designed with their own unique personality allowing buyers to select a residence that resonates with their unique preferences.

Capri offers an exclusive gated community surrounded by world-class resort-style resident-only amenities including a pool with submerged lounge chairs, sundeck, an outdoor dining terrace, a covered barbeque area and a residents lounge complete with kitchen, bar, TV, lounge and fireplace.

[smartcode_project_cta:default project_id=139511]

Construction will commence at the site in the coming weeks with demolition set to kick start the project, with 24 existing townhomes set to be demolished along with a pool and tennis court on the site formerly known as Figtree East

Greyburn appointed to build Capri villa development on Isle of Capri

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."

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Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

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

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

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

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

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Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[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.

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Joel Robinson

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