Mirvac has officially completed The Langlee and Waverley Greens, transforming the former Waverley Bowling Club into a new lifestyle and residential precinct featuring 55 luxury apartments, a contemporary hospitality venue, bowling greens and community hub with an estimated total development value of around $170m.

The Langlee was developed to target the downsizer. It's been completed at a time when almost a third of the Australian population aged over 55 is considering downsizing and a further 26 per cent have already made the move, freeing up the family home to allow the next generation of families to move in.

The ‘right sizer’ movement, enhanced further by the Federal Government’s downsizer scheme, promotes housing efficiency in a supply-constrained market. In NSW, more than 1.4 million people occupy a three or four-bedroom home on their own, or as couples without children. And nearly three-quarters of them are aged over 55 years. In Sydney’s eastern suburbs, the population aged 55-79 has grown by 8.3 per cent3 since the last Census in 2016.

<img alt="Langlee" data-entity-type="file" data-entity-uuid="bff12f01-0a8f-4f92-91d7-57267a8c1b80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Langlee.jpg?VersionId=fkaVpEgETg8Yv_RnX5b7Ja78gt_T63ji" />

Mirvac CEO Development Stuart Penklis said Mirvac’s partnership with the Easts Group has focused on delivering a project that unlocks much-needed right-sizer accommodation in a highly desirable location, whilst also creating a premium venue befitting the local Eastern Suburbs community.

“Mirvac has a long history of working with partners such as the Easts Group to unlock and transform sites like these in inner Sydney, to deliver precincts of exceptional quality and great design that residents and the local community can enjoy,” Penklis said.

“When we partnered with the Easts Group, we wanted to create an amenity-rich lifestyle for the over 55s that offered the best blend of both convenience and comfort, which we have delivered in The Langlee. On top of that, we set out to create a premium destination in the east that the community can enjoy – for bowls, a family meal or a coffee with friends - with Waverley Greens.”

Easts Group CEO Joe Kelly said they set out to celebrate the site’s unique heritage while setting new benchmarks for innovation, sustainability, and the high-quality built form.

"Mirvac was perfectly positioned to reimagine this iconic location with us," Kelly said.

“The seamless integration of Waverley Greens and The Langlee residences and likeness to the architect’s vision and artist’s impressions is incredible, and a testament to the delivery of the project by Mirvac.

“The Waverley Bowling Club was formed in 1893 and is the sixth oldest bowling club in Sydney, and we’re thrilled to have played a small part in ensuring that they could celebrate their 130th year milestone. Our Waverley Bowling Club Members now have one of the best facilities in Sydney and an incredibly bright future ahead.”

The one-hectare site features an indoor/outdoor café, restaurant and bar situated on the ground floor, fronted by two bowling greens, as well as 55 premium residences, a 20-metre indoor lap pool, treatment and steam rooms, and a mezzanine level gym. A personalised wellbeing concierge service delivered by Zinnia Living will benefit residents whilst moving in.

<img alt="Langlee" data-entity-type="file" data-entity-uuid="18e61ab0-5622-4e2e-8110-a1b713092b57" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Langlee%20Mirvac.jpg?VersionId=H_rp_wiPzKqIoTS58_9SfC6nAqHO5m5r" />

Along with lifestyle features and amenities, Mirvac has worked to lighten The Langlee’s environmental footprint through sustainable building practices and cost saving benefits for residents.

The Langlee by Mirvac maximises available roof space to house solar panels, with a ~120kW system installed which will significantly offset the running costs of the common area facilities, reducing ongoing energy costs to residents and the Club. Electric Vehicle (EV) charging for every residential car space has been included as an option for customers, and water and energy efficient appliances have also been installed. The Langlee has been designed by Altis Architecture in collaboration with Mirvac Design.

By 2066, it is forecasted older people in Australia will make up around 22 per cent of the total population. Penklis says concurrently the trend to downsize will gain further momentum.

"The Langlee offers prospective purchasers an attractive downsizing option with a difference," Penklis added.

<img alt="Langlee" data-entity-type="file" data-entity-uuid="6d9c4e2b-3411-47bf-80f0-e21a6fca35ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Langlee%204.jpg?VersionId=zwi0sQsK.J22G2F7UnapiqTDch4EMgRp" />

“An over 55s residence has significant value to the wider community and allows for transition of housing stock by allowing downsizers to remain in their locality and enjoy a maintenance free environment with state-of-the-art facilities, and in turn on-sell their larger family home to the next generation of families, returning much-needed established housing to the market.

“The Langlee highlights our capability as specialists in precinct delivery and partnerships, a result of our best-in-class integrated model and expertise that spans the residential, retail, industrial, commercial and mixed-use sectors. We are also highly selective in the partners we choose to work with, and our reputation for quality underpinned by Australia’s only iCIRT 5 Gold Star rating means customers can be confident in the product and lifestyle Mirvac creates."

The Langlee is one of 16 residential projects Mirvac has in the pipeline across NSW, with the group set to deliver around 1,200 new homes to buyers in residential communities and apartments across the state over the next year, injecting much-needed diverse housing options into a tightly constrained housing market.

The ‘right sizer’ movement, enhanced further by the Federal Government’s downsizer scheme, promotes housing efficiency in a supply-constrained market

Joel Robinson

Mirvac cater for right-sizers at Waverley Bowling Club's new lifestyle precinct, The Langlee

Prominent Western Sydney developer ALAND has sold more than 130 apartments in its latest release in their Schofields masterplan, Schofield Gardens,

First home buyers and investors have made up the majority of sales in Jasmine, the seventh release in the Schofield Gardens community.&nbsp;The six other stages – Bottlebrush, Wattle, Frangipani, Pandorea, Lotus, and Breynia – were each sold out prior to completion.&nbsp;

Schofield Gardens first stage was launched in 2020 and on completion will provide housing for around 4600 residents.&nbsp;

[smartcode_project:default project_id=29042 project_image_fid=233947]

ALAND Founder Andrew Hrsto&nbsp;says the sales results at Schofield Garden’s latest release are a result of the historical success of the development and reflect the current high demand for new, affordable housing across Sydney.&nbsp;

“Since we first launched Bottlebrush in 2020, we have sold and settled 1000 apartments to date,” Hrsto said.

“We have long recognised the need to provide attainable housing to the market, particularly when there is such limited stock at these price points currently available.”

Jasmine consists of one, two, and three-bedroom apartments across three buildings ranging in height from four to five storeys.

Prices range from $475,000 for a one-bedroom apartment, $585,000 for two bedrooms and from $735,000 for three bedrooms, a price point Hrsto says makes the development appealing to&nbsp;first home buyers, investors, couples, families and downsizers.

[smartcode_project:default project_id=29042 project_image_fid=233944]

“People see ALAND as not just delivering value for money, but also a quality product within a welcoming community,” he said.

“Jasmine presents an opportunity for both owner-occupiers and investors to secure a property in an area with huge potential.”

Apartments offer generous ceiling heights, air-conditioning, energy-efficient Fisher &amp; Paykel appliances, LED lighting quality fittings and floor-to-ceiling glazing delivering abundant natural light.

[smartcode_project:default project_id=29042 project_image_fid=233946]

There's a communal courtyard with playgrounds and rooftop amenities including BBQs, exercise spaces and kids’ soft-fall play areas, plus electric vehicle charging stations in the basement.

ALAND Head of Sales Scott Rudgley&nbsp;said the sales he’s seen at Jasmine aren’t surprising given recent NAB data showing that Schofields tops the list of first home buyer hotspots in NSW, with more than 60 per cent rise in demand during the previous year.

“Schofield Gardens is one of the major drivers for the suburb’s extraordinary jump in first home buyer activity as our apartments are often eligible for government assistance,” Rudgley said.

“ALAND has helped to transform Schofields into a dynamic new community and we are immensely proud of that achievement.”

[smartcode_project:default project_id=29042 project_image_fid=233945]

Despite its short existence, Schofields already boasts a good range of schools, parks and transport options. Nearby Schofields Village offers a childcare centre, supermarket, cafés, and a pharmacy.

Transport options include an upgraded rail connection to Sydney CBD and Parramatta, while the Metro North West line runs from nearby Tallawong Station to Chatswood, with the extension to Sydney CBD to open in 2024.

Rudgley says demand to date has been driven by&nbsp;first-home buyers hunting for affordability, with&nbsp;investors appreciating the fact that property in Schofields continues to outperform the rest of NSW and a strong growth forecast – Blacktown City Council predicts 8,000 new residents every year until 2041.

“We’ve seen apartments in Schofield Gardens rising in value since 2020, with compound annual growth of 6.3%,” Rudgley said.

“As well as capital growth, we’ve also seen median weekly rents rise by an extraordinary 38%over the past three years, while gross yields continue to track at a record 4.86%.”

Construction of Jasmine stage one is expected to commence by late 2023 with the project due to be completed by Q1 2025.

[smartcode_project_cta:default project_id=29042]

Schofield Gardens first stage was launched in 2020 and on completion will provide housing for around 4600 residents

ALAND sell 60% of latest Schofield Gardens stage

Sherpa Property Group is approaching a sell-out of its luxury <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach apartment development</a>,&nbsp;<a href="/buildings/perspective-on-albatross">Perspective on Albatross</a>.

Only two of the eight premium apartments remain for sale after a $10.3 million sales spree has seen the other apartments in the boutique complex at 72-74 Albatross Avenue snapped up.

The two apartments are priced from $3.2 million and each have four bedrooms and three bathrooms.

[smartcode_project:default project_id=111484 project_image_fid=213891]

Founder of Sherpa Property Group Christie Leet says success in sales for <a href="/buildings/perspective-on-albatross">Perspective on Albatross</a> has been driven by demand from a mixture of local owner occupiers and downsizers.

“Many of these buyers are local downsizers who have been enticed by the unique location, spectacular architecture and beautiful living spaces that take full advantage of an elevated beachside location”, Leet said.

“Notching closer to 100 per cent sold is largely due to the surge of owner-occupiers who are continuing to drive the demand for apartment living on the Gold Coast, during a time when available stock is at an all-time low.”

[smartcode_project:default project_id=111484 project_image_fid=213892]

Designed by award-winning architects HAL and built by 5Point Projects, <a href="/buildings/perspective-on-albatross">Perspective on Albatross</a> residences incorporates sculptural Mediterranean minimalism within a natural colour palette to create a timeless design, Sherpa say.

The crown in the jewel is the two-level penthouse, which features a private rooftop with outdoor kitchen, outdoor cinema, sauna and a private pool with an integrated bird-watching bar overlooking Albatross Avenue.

“With construction well underway and expected completion in December this year, we expect the remaining two apartments to sell out fast,” Leet added.

[smartcode_project:default project_id=111484 project_image_fid=213894]

Leet said all of their thinking is "how can we lower the density and increase the liveability for owners."

“I have spent 30 years working on the ultimate expedition – a home that delivers the pinnacle of lifestyle, without compromise. That would mean the perfect location, the perfect site, and the perfect design.”

“When I found two adjoining sites on Albatross Avenue, with 25m frontage, I knew I had found the perfect location for my ‘Everest’.”

In a sign of confidence for buyers, Leet is actually moving into one of the apartments in Perspective on Albatross.

“I was so excited by the site and the design that I have already sold my beachfront home on the Gold Coast in preparation for living on Albatross. What I’m really looking forward to is joining the select few who can take advantage of my 30-year search and Sherpa’s new Perspective on beachside living.”

Sherpa recently launched their latest Palm Beach development, Perspective Nexus, 32 luxury apartments a stone's throw from the beach.

Read more:&nbsp;<a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Sherpa launch Perspective Nexus, Palm Beach apartments</a>

[smartcode_project_cta:default project_id=111484]

Sherpa Founder Christie Leet says success in sales for Perspective on Albatross has been driven by demand from a mixture of local owner occupiers and downsizers

Sherpa approach sell-out of Perspective on Albatross, luxury Mermaid Beach apartment development

<a href="/developments?title=st+lucia">St Lucia</a> is set to receive an injection in architecture, with Contreras Earl putting together plans for five striking apartments near Perin Park.

A private developer, who bought 122 Gailey Road, an original post-war home on 810 sqm earlier this year for $1.78 million, is seeking to create the row of what are more like townhouses that apartments, each with three bedrooms across four levels.

In their submission to the Brisbane City Council,&nbsp;Contreras Earl said the&nbsp;site presents a great opportunity to create a landmark building that will be integrated with the natural landscape of its surroundings.

"The building design responds to multiple parameters such as orientation, context, topography, environment, user and community. The connection between the building and the site was of primary importance driving the design process."

<img alt="St Lucia" data-entity-type="file" data-entity-uuid="ddfc30ed-2b8e-45b2-8a8b-44a91a31a24f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-14%20at%208.43.12%20am.png?VersionId=HbEVYU8yW8b7IrN2OXPQA99B9cHU5QBN" />

They said the intent&nbsp;is to feel that the building has always been part of the site and is intended to look like a natural rock formation.

"The building achieves an interesting relationship between solidity and transparency which reinforces its directionality and the material selection of warm concrete, aluminium, stone and translucent glass mixed with the landscape layout plays also a very important role in blending the building with the natural character of its context.

"The result is a unique architectural expression that will create unique experiences for its users and the surrounding community.

"Architecture needs to inspire, give hope about the future and create a special connection with people and that’s what this building will intend to do. This new landmark building will be a new architectural asset for the urban fabric of St. Lucia and of the city of Brisbane."

<img alt="St Lucia" data-entity-type="file" data-entity-uuid="1c16f7a2-3f86-4460-a191-37aefbb9841f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-14%20at%208.43.00%20am.png?VersionId=CIfiozIODOqZRpY6Hfoci2bE35bdlldi" />

Each townhouse has a garage on the ground level, with a storage room, laundry, and a multi-purpose room.

The living, kitchen and dining sits on level one, an extends to a wide balcony. Level two homes three bedrooms, the masters with walk-in wardrobes and ensuites. The two end townhouses have a built in study nook, while the middle three have a home office room.&nbsp;

Every townhouse has a rooftop deck with a plunge pool and alfresco dining area.

<img alt="St Lucia" data-entity-type="file" data-entity-uuid="6c094a20-72b2-4a4a-acc4-f333e253b797" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-14%20at%209.04.06%20am.png?VersionId=Hvs4I.FCF29xJPR8rEALVnx0aTeZIRRe" />

"[There's] a unique rooftop terrace which will make these buildings special, the terrace gives each of the dwellings a special connection with the context where people can take advantage of the beautiful and peaceful views of the Brisbane city and Mount Coo-tha," Contreras Earl added.

Families are likely to show interest given the size and the location as the address falls into catchment for the highly sought-after Ironside State School.

St Lucia is well known for its new and off the plan developments. The most recent was <a href="/buildings/160-macquarie-160-macquarie-street-st-lucia">160 Macquarie Street</a> by <a href="/developers/qm-properties" target="">QM Properties</a>, which completed earlier this year. That was St Lucia's first riverfront residential development in more than a decade.

The 33 Rothelowman-designed apartments, built by McNab, sold out before construction completion. They were 80 per cent sold before construction even began.

Read more:&nbsp;<a href="/news/qld/construction-starts-on-160-macquarie-st-lucias-first-riverfront-apartments-in-a-decade">Construction starts on 160 Macquarie, St Lucia's first riverfront apartments in a decade</a>

In their submission to the Brisbane City Council, Contreras Earl said the site presents a great opportunity to create a landmark building that will be integrated with the natural landscape of its surroundings.

First look: Architectural apartments set for St Lucia

National developer <a href="/developers/fortis">Fortis</a> is set to put its luxury footprint into Brisbane's high-end apartment market after getting the green light for their whole-floor Kangaroo Point apartment development, <a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">River House by Fortis</a>.

They acquired the prime 1,196 sqm riverfront site at&nbsp;<a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">44 O'Connell Street</a>, from&nbsp;architect-turned developer&nbsp;<a href="/architects/joe-adsett-architects" target="">Joe Adsett</a>, earlier this year.

Fortis had Plus Architecture tweak the plans and create a <a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">14-level tower with full-floor apartments</a>.

They will each span 260 sqm of internal space and a further 40 sqm of river-facing balcony which will&nbsp;capture east-to-west views from Bulimba to the Story Bridge and Brisbane City.&nbsp;

The only exception is the penthouse, which has the same floorplan internally as the other apartments, but it has a private rooftop terrace with a swimming pool.

Each apartment will have three bedrooms and a multi-purpose space.

The resident amenity is on the ground floor, which will include a gym with a sauna, a riverfront pool, and a grassed lawn, all oriented toward the river where there will be a pontoon with private mooring.

<a href="/architects/plus-architecture" target="">Plus Architecture</a>&nbsp;broke the design concept down into four sections; the cliff top, the cliff, the riverbank, and the river.

<img alt="Exclusive first look: Fortis propose full floor apartments at first Brisbane apartment development" 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/Kangaroo%20Point.jpg?VersionId=N7Zt3iLpeRnJGh.Hj3b9EZtDeDpZzGPj" />

They said their design prioritises capturing breathtaking views through thoughtful building orientation.

Given the site setback from the street and the street frontage being blocked by the development to the west, we have focused on treating the river as the main public frontage,"&nbsp;<a href="/architects/plus-architecture" target="">Plus Architecture</a>'s Director Danny Juric said.

"The design incorporates panoramic views of the scenic New Farm area and the serene Brisbane River, fostering a strong connection to nature.

"The living area and master bedroom will be gain glimpses of the the iconic Story Bridge over the river. Views of the vibrant cityscape to the west create a dynamic and engaging backdrop."

Brisbane's subtropical climate was also taken into consideration during the design process, as Plus sought to target solar heat control and cross ventilation.

"The building itself is orientated in response to Brisbane’s climatic conditions," Juric said.

"As the apartments are full-floor, each unit is designed to embrace the elements and reduce reliance on artificial energy sources.

"The simple architectural form comprises of horizontal eaves to provide shading on the north, east and western facades,&nbsp;precast panels&nbsp;are introduced strategically to block unwanted sun, and vertical fins are proposed to provide shading and screening to apartment living areas."

<img alt="Exclusive first look: Fortis propose full floor apartments at first Brisbane apartment development" 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/Screenshot%202023-05-31%20at%201.38.05%20pm.png?VersionId=uXLQ2ztoWsrUsK0mohJVOOmYcOxivB1b" />

On securing both the Kangaroo Point site and a commercial site in Newstead,&nbsp;<a href="/developers/fortis" target="">Fortis</a>&nbsp;Director Charles Mellick said launching in Brisbane was natural progression for the company after their success in premium projects in Sydney and Melbourne. 
​ 
“Our project in&nbsp;Kangaroo&nbsp;Point is a rare offering, this being an absolute riverfront site with no public parklands or roads in front of it.

"The timing is right as we see record-breaking activity in the off the plan luxury market in Brisbane, alongside record prices being achieved in square metre rates.

Fortis Associate Director Don Boman said the team are excited to bring&nbsp;the same level of quality and reputation synonymous with their Sydney eastern suburbs projects to the remarkable destination.

Fortis acquired the prime 1,196 sqm riverfront site at 44 O'Connell Street, from architect-turned developer Joe Adsett, earlier this year

Fortis prepare launch of River House, Kangaroo Point apartments, after council sign off

Veteran property developer Phillip Wolanski's Denwol Property is set to bring a rare new boutique apartment project to the affluent Double Bay.

Wolanksi's Denwol has submitted $9.7 million plans to create a six-apartment building at 17-19 Guilfoyle Avenue which also backs onto Cross Street.

Currently on the 871 sqm block is a 1960s strata block which will make way for the three-level building designed by MHN Design Union.

The design statement submitted to the Woollahra Council, signed off by architect Brian Meyerson, said the "proposal is for a contemporary residential flat building which achieves the desired local character through consistency in scale, form, proportion, setbacks, materials and aesthetics."

"The proposal also presents an appropriate built form that is compatible with the surrounding development. This design approach ensures that the new development will enhance the character of the locality."

<img alt="Double Bay" data-entity-type="file" data-entity-uuid="a3519163-a5b2-4732-9829-3133c88691b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-13%20at%206.21.56%20pm.png?VersionId=alSdw6SFM9aaxQ4SbvGMjV88fXPbxHES" />

The building is split in two, separate by a core with open breezeway. The three whole floor apartments which face&nbsp;Guilfoyle Avenue have nearly 180 sqm of space and have three bedrooms and two living areas. The three apartments which face Cross Street have a further 40 sqm and have a home office. Each apartment has a fireplace feature wall with a built-in tv.

MHN Design Union said the unit mix is consistent with market demand, suiting the demographic mix of families, retirees and down-sizers living within the surrounding area.

"The proposal integrates with the existing character of both Guilfoyle Avenue and Cross Street, utilising landscaping and contemporary materials which are consistent with the desired future character of the area."

<img alt="Denwol" data-entity-type="file" data-entity-uuid="933cbb91-87da-4cf9-a4b7-90a594dadf6d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-13%20at%204.24.42%20pm.png?VersionId=0VFQygxRlrd_7r5HUS5ZU75Oztfz3udm" />

&nbsp;

Atlas Urban Design &amp; Strategy says the&nbsp;proposal is to transform the site by replacing an existing building that is out-of-date with a modern building well-suited to its site and context.

"Land that is so close to the Double Bay Centre is very valuable to support the changing needs of the community," Atlas' submission read.

"This is an infill site in a dense environment. The scheme addresses neighbouring sites with modulated facades, setbacks and the careful placement of internal uses."

Denwol is behind the completed Bondi Junction apartment development The Archibald, and is currently developing Splendour, 25-apartments above Cooper Park in Bellevue Hill.

Currently on the 871 sqm block is a 1960s strata block which will make way for the three-level building designed by MHN Design Union

Phillip Wolanski's Denwol plot rare Double Bay apartment development on Guilfoyle Avenue

South east Queensland developer Siera Property Group is staking its claim on the Gold Coast with its second sod turn in as many months as it breaks ground on its luxury beachfront development, Pipis, located in Bilinga.

LPS Group has been appointed to deliver the $85 million absolute beachfront development at 303 Golden Four Drive.

The 11-storey mid-rise will deliver 19 residences, comprising 17 half floor apartments and two double storey penthouses, with prices starting at $3.6 million.

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>

[smartcode_project:default project_id=138311 project_image_fid=217334]

With absolute beachfront access and great connectivity to the Gold Coast, Pipis is primely positioned to benefit those looking for a holiday home and downsizers looking to live a relaxed beachside lifestyle.

As the first sod is turned with piling works already underway, SIERA Founder and Managing Director, Brent Thompson, said the project is anticipated to be completed by March 2025.

“Pipis is a truly unique offering for a premium owner-occupier experience at Bilinga with unrivalled beachside luxury,” Thompson said.

“Our vision is to capture everything special about living on the southern Gold Coast and provide a permanent escape with breathtaking, uninterrupted ocean views.”

[smartcode_project:default project_id=138311 project_image_fid=217336]

Pipis is SIERA’s third tower development on the Gold Coast, with other projects at Chevron Island and Surfers Paradise.

Read more:&nbsp;<a href="/news/qld/siera-kick-off-construction-at-chevron-island-apartment-development-tapestry">Siera kick off construction at Chevron Island apartment development, Tapestry</a>

Ellivo architects have designed three-bedroom floorplans, each with ensuites, and a guest powder room, with most footprints at 279sqm and the largest at 314sqm. The two exclusive double storey penthouses will have an expanded footprint of 446sqm and offer four-bedroom floorplans.

Thompson said early purchasers were eager to jump at the pre-release opportunity to secure a boutique apartment prior to the opening of the sales gallery.

“Sales enquiries are increasing with the mobilisation of the construction team on site, and we have already had strong interest from purchasers looking for a second holiday home at Pipis because of its proximity to Gold Coast Airport and absolute beachfront position,” he said.

“These apartments are also suited to affluent downsizers looking for high-end convenience and a low- maintenance sea-change as this kind of beach access becomes increasingly rare.”

<img alt="Pipis" data-entity-type="file" data-entity-uuid="35622aa8-01c2-48a3-80a4-b02be8a36e5f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-13%20at%203.56.31%20pm.png?VersionId=cn4DpFdB088FeQSjnT7gJEbbX7Wxo0cg" />

Located in the Southern Gold Coasts exclusive pocket of Bilinga, Thompson said the Golden Four Drive strip was becoming a popular spot with multiple projects underway and further regentrification in the neighbouring suburbs of Tugun and Kirra

“Pipis has direct access to a patrolled surf beach, underlined by the Oceanway Bike path, offering great connectivity for Pipis’ future residents,” Thompson added.

“Our niche is identifying undervalued locations that are commencing their ‘coming of age,’ and Bilinga will soon benefit from improvements and upgrades to local services and amenities on its doorstep.”

Pipis is also close to local surf clubs, Southern Cross University, Gold Coast Airport and the Coolangatta-Tweed Heads entertainment precinct.

[smartcode_project_cta:default project_id=138311]

LPS Group has been appointed to deliver the $85 million absolute beachfront development at 303 Golden Four Drive.



Siera Property Group kick off construction at Pipis Bilinga

GURNERTM, in conjunction with joint venture equity partner MaxCap Group, is set to unveil its latest Gold Coast apartment project.

It's more boutique than the four-tower, $1.5 billion Budds Beach development La Pelago, which has notched over $350 million in sales.

This one is in Burleigh Heads, where GURNERTM, led by developer Tim Gurner, has approved plans for an 18-level building with 55 two and thee-bedroom apartments,&nbsp;with a landscaped rooftop deck, pool, and luxury private bookable amenities on a&nbsp;1,017sqm site at 1929 Gold Coast Highway.

Read more:&nbsp;<a href="/news/qld/exclusive-first-look-tim-gurner-lodges-burleigh-heads-apartment-plans">Exclusive first look: Tim Gurner lodges Burleigh Heads apartment plans</a>

The site will add another $150 million to GURNERTM’s pipeline as Queensland and the Gold Coast in particular continue to be of strategic focus for the developer, which has interests in Gold Coast, Brisbane and Port Douglas.

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Designed by long-time collaborator of GURNERTM, Warren and Mahoney in collaboration with GURNERTM’s in-house design studio, the Burleigh Heads site will be centred around the concept of a lush, Singaporean landscaped oasis blended with elegant Japanese interior design.

GURNERTM and MaxCap have a formidable track record of partnering together having completed over 20 transactions with an end value of circa $1.5 billion in the past decade.

Joe Vincent, MaxCap’s Director of Direct Investment said; “Our investment portfolio continues to grow in a highly strategic direction. Partnering with groups of the calibre of GURNER is a strong validation for the sophisticated and diligent approach we take with our joint venture partners.”

With approved plans now in place, GURNERTM will look to launch the project in mid-2024.

GURNERTM and MaxCap have a formidable track record of partnering together having completed over 20 transactions with an end value of circa $1.5 billion in the past decade.

GURNERTM Chief Development Officer Robert Clarke said Queensland is a really key strategic focus for the group,&nbsp;in particular Gold Coast and Port Douglas.

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“We are watching the market closely and think Gold Coast is at the precipice of another strong market run given the underlying fundamentals of huge international and national migration coupled with the significant under supply of quality apartments in the area," Clarke said.

“We know that Queensland is under immense pressure from unprecedented cost escalation but we are confident in our relationships with our trusted builder partners that we can find an outcome that works for the market and our clients.

“Burleigh Heads is without a doubt one of the hottest locations in Australia, and we are very excited to stamp our signature on it. We have enjoyed working together with Council through a collaborative planning process to land on a great solution for the site.

“The design itself is conceptualised as timeless and enduring for our buyers; a place that sits quietly in its location and celebrates views, fresh air and ultimate luxury."

Joe Vincent, MaxCap’s Director of Direct Investment said their investment portfolio continues to grow in a highly strategic direction.

"Partnering with groups of the calibre of GURNER is a strong validation for the sophisticated and diligent approach we take with our joint venture partners," Vincent said.

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GURNERTM Chief Development Officer Robert Clarke said Queensland is a really key strategic focus for the group, in particular Gold Coast and Port Douglas

GURNER to push on with Burleigh Heads after green light from council

High-end, architecturally-led developer ANGLE is set to launch its Kew apartment development, Fernhurst, early next year, after receiving planning approval for the 20-residence project this week.

The $80 million development on a 4,000 sqm site on the corner of Stawell Street and Fernhurst Grove in Studley Park will comprise 17 apartments and three homes, ranging in price between $2 million and $7 million.

The site has around 113 metres of frontage to Fernhurst Grove and Stawell Street. Every ground-floor apartment will have an average garden area of over 150 sqm, ANGLE’s most extensively landscaped project to date.

Having successfully developed the award-winning Fenwick project together just over 500 metres away, ANGLE is once again partnering with architecture practice Edition Office and landscape designer Eckersley Garden Architecture to deliver Fernhurst.

<img alt="Fernhurst" data-entity-type="file" data-entity-uuid="96fad925-0bfa-466f-8d34-58237ab45785" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-10%20at%203.34.55%20pm.png?VersionId=VVXLMihMm7FkurWBg0QzUlzZaiWDL.oA" />

Director Lachie Gibson says Fernhurst will follow in the footsteps of ANGLE’s nearby projects, representing another opportunity for the team to demonstrate its industry-leading focus on design, landscaping and architecture.

"Historically, Boroondara hasn’t had the same level of development that you see in comparable municipalities, so we do feel a responsibility to go above and beyond to deliver architectural projects that respond well to the area and resonate with locals,"&nbsp;Gibson says.

“Our portfolio is first and foremost centred on good design – we work with the best architects, interior designers and landscapers to deliver high-end projects that are still in highly sought-after locations."

The project represents the seventh for the design-led developer, which has exclusively focused on sought-after suburbs in Melbourne’s inner-east and south-east, with a portfolio encompassing projects in Camberwell, Elwood, Hawthorn, Kew and South Yarra.

ANGLE’s own data suggests that only a very low percentage of the land in Boroondara is suitable for multi-residential development – making it one of the more challenging areas of Melbourne to develop in, alongside its heritage overlays, existing neighbourhood zones and community attitudes towards higher density projects.

Director Lachie Gibson says Fernhurst will follow in the footsteps of ANGLE’s nearby projects

ANGLE secure green light for $80 million Kew development, Fernhurst

Office and apartment buyers at The Eighth, the Domain Precinct mixed-use development by Projects by&nbsp;Crema, are set to take possession of their properties in December.

The 18-level Elenberg Fraser and Kennon-designed building next to the new Anzac Station comprises eight half-floor strata offices, hospitality tenancies and 36 owner-occupier apartments ranging from 128 sqm to 750 sqm.

Projects by&nbsp;Crema&nbsp;Managing Director Nicolas&nbsp;Crema&nbsp;says everything about The Eighth, from the design of the building typologies, to the integration of uses, to the operations and future management - has been highly considered to create a building for the ‘future state’.&nbsp;&nbsp;

"The Eighth is a benchmark project for us, and sets in motion the type of development we want to do going forward”&nbsp;Crema&nbsp;says.

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The Eighth has been a long journey for&nbsp;Crema, having initially launched the project in 2019 before COVID hit in 2020.

I always say a good developer is a transparent developer, in good times or bad, and&nbsp;Crema&nbsp;certainly falls into the bracket of a good developer. He was honest in his assessment of what occurred when COVID hit, frequently updating his buyers as to the next steps with the project.

"In the early stages of the pandemic, we really had no read on the economic outlook. As such we were reluctant to start construction not knowing what impact COVID would have on the project,"&nbsp;Crema&nbsp;recalls. “The pause in time enabled us to take stock, refine some of the design (including designing out an subterranean automatic car stacking system for a conventional ramped basement), and communicate a revised program to our collective group of purchasers”.

"After resetting a new construction start date 8 months behind our original development program, we went back to purchasers and gave them the option to back out of their contracts and take their deposits if they wished,"&nbsp;Crema&nbsp;says.&nbsp;

That level of transparency, and ultimately human interaction which often developers don't have directly with their purchasers, helped&nbsp;Crema&nbsp;retain almost every single buyer. They were happy to wait, because they believed in both the quality of the product that was being built, and&nbsp;Crema's ability to deliver it.

Now the project, near the St Kilda Road precinct on the eastern side of South Melbourne, is all but complete, barring the fitout of the penthouse which will be finished toward the end of Q1 2024.

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Crema&nbsp;says The Eighth has offered something for everyone. Speaking on the buyer demographic,&nbsp;Crema&nbsp;says the mix of buyer profiles has been really interesting.

"While the demographic has been all owner-occupiers, we've had everyone from mid-30 young professionals who want to be central to Melbourne, to a couple in their 90s who are arguably the most active buyers we've had.

"The buyers have come from all over. While it was popular with those already in the Domain Precinct, we’ve had buyers from Albert Park, even as far Mt Eliza."

Some buyers will occupy the apartments on a part-time basis, with expat who work in Germany and the US splitting their time between other countries and Melbourne.

It was the same diverse mix of business in the offices below the apartments. Six of the eight half-floor offices have been snapped up by SME business owners and family offices.&nbsp;

As another sign of a commitment to the building, Projects by&nbsp;Crema&nbsp;will be establishing its new office within the building, with the fitout to start in January.

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In a further exiting development, Equilibrium, a new holistic corporate wellbeing business, has taken the lease on the whole of the podium level. Across approximately 600 square metres, Equilibrium combines a digital educational platform with a physical facility within The Eighth to encourage habitual change for employees. Opening in Q1 2024, residents of The Eighth will be offered access to Equilibrium through Projects by&nbsp;Crema’s membership.

The ground floor will house an Italian-style eatery which aims to serve both residents of The Eighth as well as the immediate local community. That's also due to open toward the end of Q1 next year.

Crowning The Eighth is the building’s stunning rooftop pool, bar and dining amenity - exclusively for residents and office tenants of the building. With 360 degree views to the CBD, the bay, the Shrine of Remembrance and Albert Park, future occupants of The Eighth will no doubt enjoy socialsiing on Melbourne’s newest rooftop.

There are just a handful of apartments left in The Eighth, which has a maximum of four apartments per floor.

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The 18-level Elenberg Fraser and Kennon-designed building next to the new Anzac Station comprises eight half-floor strata offices, hospitality tenancies and 36 owner-occupier apartments

Projects by Crema approach completion of South Melbourne apartment development, The Eighth

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.

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<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.

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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.

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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."

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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.

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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.

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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."

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According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

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Why now is the time to buy in Melbourne's premium apartment market

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

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

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

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

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

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Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[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.

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<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

Joel Robinson

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