BLVD is the newest address in Melbourne's cultural Southbank hub.

It's the latest stage of OSK Property's $2.8 billion masterplan, Melbourne Square, which is becoming one of the most impressive precincts ever developed in the Victorian capital.

With everything going on at Melbourne Square, Apartments.com.au CEO Mike Bird recently caught up with OSK Property Business Development Manager Michael Koschar in their recently opened display suite to discuss Melbourne Square, and BLVD, in more detail.

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Koschar says the project has been getting attention since day one.

"It's a massive site of huge importance, not only for us, but also the council and the City of Melbourne," Koschar says.

"Anytime you developer such a large site in the aerts precinct of a city, it's going to get a little bit of attention, and certainly it was no different for us selling our stage one."

Koschar says as a developer it was extremely important that they found a large enough site that enabled them to buildessentially a city within a city, not just a singular site where they put up one tower with limited space and amenity.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The amenity and community has been a big drawcard for buyers, with Koschar suggesting a car just isn't needed at Melbourne Square.

"You can walk to almost anywhere you need to&nbsp;get to," Koschar says.

"Here we've got the two-storey Woolworths downstairs under our stage one, we've got a Nido&nbsp;Child Care which is also a huge benefit for locals that live around here. They can&nbsp;drop the kids off and perhaps take the tram into the city to get to work, so we're seeing a huge&nbsp;change in how people are living and how they're choosing to live in this area."

[smartcode_project:default project_id=107714 project_image_fid=211870]

While the amenity is plentiful outside the building, BLVD in particular is set to bring facilities which are more commonly seen in high-end resorts.

There's a level eight podium with a gym, 25-metre swimming pool, spa and sauna, as well as a zen garden with alfresco dining and barbecue facilities.

Cleverly taking advantage of how tall BLVD will be, OSK Property had COX Architecture locate some of the amenity as high up the building as possible.

[smartcode_project:default project_id=107714 project_image_fid=214126]&nbsp;

The 55th level is occupied by&nbsp; the Horizon dining rooms with unbeatable views over Melbourne. On the 55th and 56th floors is the Co-Quarter co-working space with a choice of meeting rooms, individual pods, lounge and break-out area to work from whilst enjoying inspiring views over the bay.

Also on level 55 is the Skye Club for the exclusive use of premium residences located on levels 56 and above. Here you’ll find a luxurious lounge with cocktail bar, a private dining room and another gym.&nbsp;

There's also a golf simulator, cinema room, and even a karaoke room.

The lifestyle&nbsp;factor at BLVD, paired with the approach to sustainability within the apartments, see OSK Property push for&nbsp;WELL pre-Certification for healthy living. BLVD would be the first residential project in Australia to secure the certification.

[smartcode_project:default project_id=107714 project_image_fid=214122]

With everything going on at Melbourne Square, Urban.com.au CEO Mike Bird recently caught up with OSK Property Business Development Manager Michael Koschar to discuss BLVD in more detail.

Joel Robinson

Everything a buyer needs to know about buying a BLVD, Melbourne Square apartment: Five minutes with OSK Property's Michael Koschar

Central Park is one of the most picturesque spots in Malvern East.

The 19-acre park, which has been the heart of the affluent suburb since 1908, is bordered by just three streets, which makes <a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>, the new collection of just seven apartments facing the gardens, an incredibly rare opportunity.

<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a> is the first development by the newly minted Abadeen Victoria, which is being led by developer and former CBRE executive Andrew Leoncelli. Abadeen Property Group is an established developer of luxury apartments in Sydney's North Shore.

[smartcode_project:default project_id=141969 project_image_fid=222388]

<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>&nbsp;has been designed by Ewert Leaf to maximise the garden atmosphere in Malvern East.

Ewert Leaf Managing Partner Will Leaf says <a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a> manifests a new direction of contemporary boutique living in coveted Malvern East.

"The&nbsp;stoic, enduring form unites with a textural palette, combining textural brickwork, layered concrete planes, and sleek metalwork," Leaf says.

[smartcode_project:default project_id=141969 project_image_fid=222392]

Sustainability and responsibility to the environment were key considerations in the design phase of&nbsp;<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>, which is aiming to achieve a minimum 6.5-Star Green Energy Rating. The apartments feature double glazing, concrete walls and floors, limited gas usage, rainwater harvesting, solar panels, and provision for future electric vehicle battery storage in the basement.

There are three garden terraces in the building expertly designed by John Patrick and Associates to create an indoor outdoor living environment. The front&nbsp;garden beds are planted with Pine Oak trees, while rows of fragrant magnolias grace the&nbsp;boundaries.

[smartcode_project:default project_id=141969 project_image_fid=222404]

The project is ideally located just a stroll from the vibrant Malvern East village.

Jellis&nbsp;Craig&nbsp;Projects Director&nbsp;Stephen&nbsp;Bowtell says the project epitomises everything people love about Malvern East.

"Malvern East is all about nature, and <a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a> reflects that," Bowtell says.

"It's such a rare proposition in this pocket for there to be a new development, particularly one of this calibre."

Bowtell expects a lot of interest to come from locals, many of whom either live near the park or visit it frequently. He's launching the project next weekend, November 18 and 19, at the Jellis Craig Armadale office at 1215 High St, Armadale where he will give private appointments a full insight of the project.

[smartcode_project:default project_id=141969 project_image_fid=222396]

Leoncelli says <a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a> is the culmination of many years of experience working in this community. He says to have secured a site directly opposite Central Park, one of the very final sites in Malvern East, is a phenomenal opportunity.&nbsp;

"It's an amazing community hub at your doorstep and where we are opposite Central Park Road, which is one of the best in all of the Gascoigne Estate, is one of the last opportunities to secure a park fronted luxury residence, and we are very excited to be bringing this to the market."

Leoncelli is no stranger to Burke Road. He's developed on the street before, further north in Camberwell. That project, Victoria &amp; Burke, secured record-setting penthouse sales at $5.5 million each.

[smartcode_project_cta:default project_id=141969]

<ul>
</ul>

The luxury apartments, which start from $2.5 million, have been designed by Ewert Leaf to maximise the garden atmosphere in Malvern East

Live parkside in Malvern East: Abadeen Victoria reveal luxury Maléa apartments on Central Park

The <a href="/developments/gold-coast-qld">Gold Coast</a> has experienced a dramatic uptick in apartment sales in positive signs for a market further constrained by supply due to rising construction costs, new data from Urbis has found.

Apartment sales rose to 470 over the third quarter of 2023, from just the 200 registered in the previous quarter.

Urbis Director Paul Riga said&nbsp;the majority of sales were centred around the traditional apartment precincts of <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/developments/broadbeach-qld-4218">Broadbeach</a> and <a href="/developments/main-beach-qld-4217">Main Beach</a> – while the remainder of sales along the <a href="/developments/gold-coast-qld">Gold Coast</a> were limited due to a lack of new projects.

<img alt="Urbis" data-entity-type="file" data-entity-uuid="13951573-f5ee-4e87-bc64-12af4c85fcf4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-10%20at%2010.40.33%20am.png?VersionId=MOu7KN7wEcP9gEWNMXeWgj0BvedzYnp9" />

“What the data tells us quite simply is that the demand for apartments has remained strong, with new developments harnessing the purchasers,” Riga said.

“This is great for the property market, underpins property prices but creates further problems with supply – meaning if new projects don’t get underway the supply will continue to diminish.”

Urbis noted a new trend, with three projects that were developed to be build to rent, switching to build to sell. One building went in the other direction.

There were five new project launches during Q3 2023, four in <a href="/developments/broadbeach-qld-4218">Broadbeach</a> and <a href="/developments/main-beach-qld-4217">Main Beach</a>.

There were&nbsp;1,770 apartments remaining for sale at the end of September – 82 per cent of which are in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/developments/main-beach-qld-4217">Main Beach</a> and <a href="/developments/broadbeach-qld-4218">Broadbeach</a>.

The Gold Coast's north shore, coastal fringe, and southern beaches precinct all have&nbsp;limited supply, with just 264 apartments remaining for sale.

[smartcode_project:default project_id=108324 project_image_fid=232460]

Highland CEO David Highland, whose Sydney-based company has expanded its operations to the <a href="/developments/gold-coast-qld">Gold Coast</a> and is marketing one of the city’s key apartment projects, <a href="/new-apartments/coast-surfers-paradise-43-garfield-terrace-surfers-paradise">Sammut Group’s Coast apartments</a> under construction on Garfield Terrace at <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, said the data underpinned the resilience of the market.

“What this shows us is that demand for the <a href="/developments/gold-coast-qld">Gold Coast</a> has not diminished since the boom times brought about after the Covid pandemic,” Highland said.

“We are still seeing very strong interest from Sydneysiders keen to either move to the <a href="/developments/gold-coast-qld">Gold Coast</a> or at least take a stake in the Gold Coast’s future by purchasing an apartment here.

“The problem is that unless construction costs stabilise there may not be the stock required to meet demand, so buyers getting into the market now are in an enviable position where there may be considerable upside in the value of their apartments.”

[smartcode_project:default project_id=108747 project_image_fid=204484]

Highland said the current inflationary pressures and construction costs were drawing buyers to quality developers which had the capacity to deliver.

“Projects under construction or with a builder locked in are certainly at a distinct advantage in the eyes of buyers. There’s a flight to quality – people want certainty in an uncertain environment where we don’t know where prices are going to."

Highland said it is encouraging&nbsp;people to get into the market sooner rather than later and it is perhaps why there has been an uptick in sales in the third quarter.

“We expect this will continue as we head into the peak selling periods for apartments over Christmas and New Year where hundreds of thousands of people will be holidaying on the Gold Coast and inspecting property.”

Apartment sales rose to 470 over the third quarter of 2023, from just the 200 registered in the previous quarter

Gold Coast apartment sales jump in Q3 2023: Urbis

Melbourne's inner-city suburb Caulfield is best known for its famed racecourse, which has served punters since opening its door way back in 1876.

But the area, south-east of the city, is officially split up into four separate suburbs, <a href="/developments/caulfield-vic-3162">Caulfield</a>, <a href="/developments/caulfield-north-vic-3161">Caulfield North</a>, Caulfield South, and Caulfield East. No Caulfield West unusually.

There's no obvious point in time when or why it was decided Caulfield would have a number of different suburbs, rather just the changing of planning and urban development in Melbourne over the last two centuries has seen it so.

The track, home to the Caulfield Cup, one of the biggest Group I races on the calendar, is located in Caulfield East, which is the least populated suburb of the Caulfield's due to the size of the suburb, and the fact the racecourse covers nearly two thirds of the whole suburb. The Caulfield train station also sits in Caulfield East, as does Monash University Caulfield Campus.

<a href="/developments/caulfield-north-vic-3161">Caulfield North</a> is the largest suburb at 4.2 square kilometres, with over 16,000 calling it home. <a href="/developments/caulfield-north-vic-3161">Caulfield North</a> has Hawthorn Road dissecting it, bringing both connectivity through public transport and amenity. Caulfield Park and playground draws families to the suburb. Over 50 per cent of the population have at least one child, according to the latest ABS census data.&nbsp;

<img alt="Caulfield" data-entity-type="file" data-entity-uuid="bee3085b-73ea-4290-9475-86387d6cd568" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-10%20at%209.48.13%20am.png?VersionId=GAKgPhe0WAgCkhkxs1FHzxvdpzbPJg.D" />

Caulfield has the biggest split of apartments in the dwelling count, nearly 40 per cent of the suburb.

Only 20 per cent of <a href="/developments/caulfield-north-vic-3161">Caulfield North</a> is apartments. Caulfield and <a href="/developments/caulfield-north-vic-3161">Caulfield North</a> is split by&nbsp;Glen Eira Road. Hawthorn Road continues to run through the suburb, where there's also the Caulfield Hospital. Caulfield has just under 6,000 residents.

Caulfield South has over 12,000 residents. It has the least number of apartments, just 14 per cent of the suburb. It is also the most dominated by families, namely due to the Caulfield South Primary School and the popular Princes Park.

The domination of family homes across the <a href="/developments/caulfield-vic-3162">Caulfield</a> suburbs has proven difficult for developers to acquire land to create an apartment building.

Some developers have managed it however, and are reaping rewards as they're bringing something to the suburbs which don't often see too much in the way of new development.

We've wrapped up the top three apartment developments for sale in Caulfield, <a href="/developments/caulfield-north-vic-3161">Caulfield North</a>, Caulfield South in November 2023.

<h1>Project: Caulfield Rise</h1>

<h1>Address: 649 Glen Huntly Road, Caulfield VIC 3162</h1>

<h1>Prices: From $750,000</h1>

Circa Property Group recently launched <a href="/new-apartments/caulfield-rise-649-glen-huntly-road-caulfield">Caulfield Rise</a>, a six-level building with 47 two and three-bedroom apartments.

Prior to the launch last month, 60 per cent of the apartments were snapped up, given the rare opportunity to buy into the Caulfield market.

Designed by Ewert Leaf, <a href="/new-apartments/caulfield-rise-649-glen-huntly-road-caulfield">Caulfield Rise</a> incorporates light brickwork, timber-toned soffits, and abundant, lush balcony plantings, creating a seamlessly integrated look with the streetscape. The charcoal metalwork and vertical modules infuse a contemporary flair and enhance the building's facade.

[smartcode_project:default project_id=136400 project_image_fid=218694]

Upon entry, a designated key drop area welcomes residents with marble and wood elements, providing space for artwork or a mirror. The layout offers spaciousness, accentuated by floor-to-ceiling windows that flood the interiors with natural light. Generous balcony and terrace areas offer views of the city and the bay.

The kitchens centred around an island bench, are well-appointed by Miele appliances and are finished with elegant timber and natural stone surfaces. Each bedroom features full-height, double-glazed windows for abundant natural light with a mid-century touch.

[smartcode_project:default project_id=136400 project_image_fid=218708]

Residents can access communal amenities that include a barbecue and a landscaped garden terrace offering extensive views of Melbourne.

<a href="/new-apartments/caulfield-rise-649-glen-huntly-road-caulfield">Caulfield Rise</a> offers convenient access to Coles Elsternwick, Hopetoun Garden, and dining and coffee options such as Vegi and Coffee Lover Pty Ltd, Next of Kin and Bep Viet.&nbsp;

<h1>Project: Wanda Terraces</h1>

<h1>Address: 14-16 Hawthorn Road, Caulfield North VIC 3161</h1>

<h1>Prices: From $1,035,000</h1>

Inspired by the heritage and distinct character of <a href="/developments/caulfield-north-vic-3161">Caulfield North's tree-lined streets</a>, Platinum's <a href="/new-apartments/wanda-terraces-caulfield-north-14-16-hawthorn-rd-caulfield-north">Wanda Terraces</a> is set to offer timeless architecture and interiors along with verdant landscaping and a range of amenities.

<a href="/new-apartments/wanda-terraces-caulfield-north-14-16-hawthorn-rd-caulfield-north">Wanda Terraces</a> comprises 24 two- and three-bedroom apartments ranging from 90 to 262 square meters, each with two bathrooms and two secure parking spaces.

[smartcode_project:default project_id=112388 project_image_fid=208642]

Designed by the award-winning Ewert Leaf, the spacious apartments showcase pale oak flooring, textured stone surfaces, and bespoke detailing with cutting-edge home technology, such as biometric finger access and an app-enabled video intercom.&nbsp;

The open living spaces, designer kitchens, and dining areas open into expansive private ground-floor courtyards or elevated terraces. The upper balconies overlook established gardens and the lush expanse of Caulfield Park.

<a href="/new-apartments/wanda-terraces-caulfield-north-14-16-hawthorn-rd-caulfield-north">Wanda Terraces</a> also feature modern amenities such as electronic parcel lockers, electric car charging stations, number plate recognition systems, and car and dog washing facilities.

[smartcode_project:default project_id=112388 project_image_fid=208648]

A five-minute drive north of the property, residents can find Malvern Central, Glenferrie Road Shopping Precinct, and High Street Shopping Village.&nbsp;

To the south of the property, along Hawthorn Road and Balaclava Road intersection is Caulfield Park, the North Caulfield Medical Centre, and various international cuisine restaurants, bakeries, and cafes.

With a tram stop at the property's doorstep and Malvern Train Station just 500 metres away, a commute of eight kilometres to the CBD.

<h1>Project: Olive Green</h1>

<h1>Address: 380 Hawthorn Road, Caulfield South VIC 3162</h1>

<h1>Prices from: $1.03 million</h1>

Freeman Group's <a href="/new-apartments/olive-green-380-hawthorn-road-caulfield-south">Olive Green</a> presents a rare opportunity to invest in the sought-after <a href="/new-apartments/caulfield-south-vic-3162">Caulfield South</a> area.

<a href="/new-apartments/olive-green-380-hawthorn-road-caulfield-south">Olive Green</a> consists of 44 two and three-bedroom apartments above four ground-floor retail stores, two secure basement levels for parking, and a residential lobby with secure mailboxes and courier drop-off lockers.

[smartcode_project:default project_id=138452 project_image_fid=218817]

Upon entering the apartments, residents are greeted by timber floorboards, plush carpets, and ample natural light streaming through expansive double-glazed windows and spacious private balconies.

The master bedrooms feature generous robe space and en suite bathrooms with floor-to-ceiling tiles, designer tapware, and high-quality stone.

The kitchen is a chef's dream with an expansive island bench, Gaggenau appliances, designer tapware, an induction cooktop, and a bar for entertaining.

All residents have access to a communal rooftop terrace with barbecue facilities, communal Wi-Fi, and a covered function area offering 270-degree views of the CBD, Dandenong Ranges, and Port Phillip Bay.

[smartcode_project:default project_id=138452 project_image_fid=218820]

Olive Green's residents are conveniently located just nine kilometres from Melbourne's CBD, with the north-south tram passing directly in front of the property on Hawthorn Road and an east-west tram on Glen Huntly Road. Glen Huntly and Elsternwick Train Stations are both reachable within a five-minute drive.

<a href="/new-apartments/olive-green-380-hawthorn-road-caulfield-south">Olive Green</a> is situated directly behind Caulfield Primary School and is less than three kilometres from Caulfield Grammar School, Wesley College Elsternwick Campus, and Glen Eira College.

An Aldi and Woolworths are located nearby, while top-rated dining establishments are all within a convenient one-kilometre walk from Olive Green.

Residents can take a 15-minute stroll to Princes Park or a short drive to Elwood and Brighton Beach.

There's no obvious point in time when or why it was decided Caulfield would have a number of different suburbs, rather just the changing of planning and urban development in Melbourne over the last two centuries has seen it so

Caulfield, Caulfield North or Caulfield South: Where should I live?

Brisbane has become the first of the eastern capital cities to erase to losses in the property market in 2022, CoreLogic's latest Home Value Index found.

Dwelling values in the Queensland capital have gone so well over 2023 that they've rubbed out the -8.9 per cent decline to reach a new record high.

Both the house and unit market have contributed significantly. Houses are 10.3 per cent up year to date, units 9.8 per cent.

Units, which incorporates both apartments and townhouses, posted another 1.3 per cent gain over October to be the best performing capital city unit market alongside Perth, although bested by their Gold Coast neighbours whose unit market posted 1.6 per cent growth.

Read more:&nbsp;<a href="/news/qld/city-beat-october-2023-southern-boom-continues-in-gold-coast-off-the-plan-apartment-market">City Beat October 2023: Southern boom continues in Gold Coast off the plan apartment market</a>

The rolling quarterly average of Brisbane units is now up 3.5 per cent, taking it to a new median high $545,000. It is now on track to overtake Canberra and become Australia's third priciest capital unit market, behind Sydney and Melbourne. Canberra's median unit value is $589,000.

<h2>What's happening in Brisbane's off the plan apartment market?</h2>

The chronic undersupply in Brisbane was alleviated somewhat by two new projects hitting the market in October.

National developer Kokoda Property, who submitted <a href="/news/qld/kokoda-propose-1-5-billion-triple-tower-riverside-development-in-teneriffe">plans for their $1.5 billion Tenneriffe masterplan</a> last month, has just launched <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>, their second apartment development in Milton.

[smartcode_project:default project_id=139032 project_image_fid=231172]

The <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">145-apartment project on Crombie Street</a> has already seen huge success, selling down around 90 apartments in the space of a few months before its public launch.

Spanning 21-levels and designed by Cottee Parker, <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a> features a suite of wellness amenity, the majority of it on the rooftop. It&nbsp;will feature an wet-edge swimming pool with several cabanas and day beds and a heath and wellness space with a gym, infrared sauna, spa, plunge pool and a yoga studio.&nbsp;

360 Property Group's Jeremy Gilmore is marketing <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>.&nbsp;Gilmore says due to the lack of supply, for those that can get to market are getting good prices.

"The good developers are really shining through at the moment," Gilmore says. "They're favourable for the banks, builders and buyers, who all want to see a long track record to invest their money into the project."

&nbsp;

[smartcode_project:default project_id=139032 project_image_fid=232277]

A true test of the appetite for off the plan apartments is when both ends of the market are firing, which is certainly the case in Brisbane.

YPM Group have seen a similar demand and uptake at their recently&nbsp;launched <a href="/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a>, just seven full floor apartments on Kangaroo Point's dress circle Hamilton street.&nbsp;

[smartcode_project:default project_id=6206 project_image_fid=227100]

YPM has already sold over half of the apartments to downsizers from both Brisbane and the Sunshine Coast.

YPM Group Projects Director Phillip Rand says the successful start to the campaign has been underpinned by the decision to start construction before&nbsp;launching to market.

"Buyers at this end of the market want to have full confidence in the delivery of the project&nbsp;before they commit, and the biggest confidence driver&nbsp;in the current climate&nbsp;is construction&nbsp;certainty," Rand says.

"Our Sorano House buyers have been drawn to both the rarity and exceedingly high quality of the project as well as the development around it.&nbsp;The Kangaroo Point Green bridge is less than 100m away, connecting you with Brisbane's City and the new Waterfront Brisbane by foot, plus just 500m from the site Queen's Wharf will bring 50 new restaurants and cafes within walking distance."

[smartcode_project:default project_id=6206 project_image_fid=231550]

Rand says the rarity of projects like <a href="/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a> means demand is always likely to outstrip supply.

"It&nbsp;can take years for&nbsp;developers to source and amalgamate&nbsp;true luxury sites, either fronting the river&nbsp;or with incredible never to be built out views, so buyers&nbsp;in this end of the market recognise&nbsp;how rare an opportunity like this is when an&nbsp;exclusive&nbsp;project like Sorano House comes to market. "

McGrath's Head of Projects QLD, Jo Prince-Gillies, says the landscape of new luxury apartments and terrace homes is undergoing a remarkable transformation, driven by a scarcity of supply.

"This scarcity has shifted buyer preferences, placing a premium on quality, prime locations," Gillies says.

"The higher end projects we take on have resonated with the discerning affluent downsizer and empty nester market, mirroring a growing desire for sophisticated living experiences."

Gillies says their buyers, now more discerning as ever, are seeking certainty before they commit.

"We recognize the importance of providing reassurance, and we're diligently working towards confirming builders and construction timelines to instil confidence in our clients."

On interest rates, Gillies says that while the fluctuations have impacted the broader property market, our niche segment has exhibited resilience, particularly among buyers with budgets exceeding $2.5 million.

"Projects less than $1 million is where we have had to be a little creative to get buyers across the line due to finance and rising interest rates."

Dwelling values in the Queensland capital have gone so well over 2023 that they've rubbed out the -8.9 per cent decline to reach a new record high

City Beat October 2023: Brisbane property market reaches record highs as off the plan demand continues

Wattletree and Dorman Capital’s newest development is bringing something completely different to what South Yarra has seen in recent years, on one of the sought-after suburbs last remaining riverside sites.

Firstly, the $190 million project presents itself as a high-rise building at 20 levels, considerably lower than some of the towers dotted in central South Yarra, but higher than the compact low-rises on the fringes of the suburb. However there's only 58 apartments in the building designed by SJB. It's owner-occupier focused on a grand scale.

Because of the size of the building, Wattletree were able to provide amenity as if it was a true high-rise tower. There's a rooftop with a&nbsp;swimming pool, alfresco dining space with a barbecue kitchen, and an indoor dining area.

[smartcode_project:default project_id=112970 project_image_fid=214717]

The second major point of difference compared to other towers is the location. It's quietly tucked away off the busy Chapel Street, offering the prospect of being near the activity without being disturbed by it. Chapel Street is one of Melbourne's coolest strips, lined with bars, restaurants and cafes.

It's also got the outlook back to Melbourne from a number of the apartments as well as the roof. The views aren't only on offer from the higher apartments, due to the fact the site sits in front of the protected&nbsp;Melbourne High School's football ground, so views can't be built out.

[smartcode_project:default project_id=112970 project_image_fid=214702]

The address is well connected, with South Yarra Station just a five-minute walk, while nature is abundant with the Yarra River on the doorstep and the expanse of Fawkner Park and the Royal Botanic Gardens a short walk down Toorak Road or the riverfront Alexandra Avenue.

Families have shown interest in the project due to the proximity to a number of child friendly recreational activities and educational institutions.

There's five university campus's within two kilometres, five high schools in just over a kilometre, and five primary schools in under 900 metres. Christ Church Grammar School is one of the best primary schools in the state, while Melbourne High School is one of the best public schools.

[smartcode_project:default project_id=112970 project_image_fid=214708]

Of course, and potentially the biggest point of difference in South Yarra House, is the size of the apartments and the architecture.

SJB's vision was to&nbsp;pay homage to South Yarra's rich architectural heritage, with a brutalist-style facade making it stand out from surrounding buildings.

"South Yarra House takes subtle cues from its surrounds and the heritage buildings dotted throughout and blends it with a modernist sensibility to create an outcome of clarity, elegance and distinction," SJB said.

[smartcode_project:default project_id=112970 project_image_fid=214724]

SJB were inspired by&nbsp;South Yarra's iconic Art Deco and Spanish mission homes and apartment blocks, such as the Beverley Hills flats and 31 Marne St SJB's design concept merges a timeless New York tower aesthetic with these local references.

They worked hand in hand with interiors expert Hecker Guthrie, to design a building that will stand the test of time for both the streetscape and South Yarra, as well as its residents.

South Yarra House is slated for completed in late 2025.

[smartcode_project_cta:default project_id=112970]

How South Yarra House represents the rarest of opportunities in the inner-city suburb

Developer Wickton has decided now is the right time to push the go button on their two Hampton apartment developments.

Wickton, led by property industry veteran Blanco Norton and well known architect Will Leaf, have brought to the market two different kinds of projects, albeit both developed for the owner-occupier.

The first project, Linacre Rise, comprises 27 modern apartments, while the latest release, 58 Beach, has just six apartments with views to both Hampton and Sandringham Beach. Both were designed by Leaf's architecture firm Ewert Leaf.

Read more:&nbsp;<a href="/news/vic/wickton-launch-new-hampton-apartment-development-linacre-rise">Wickton launch new Hampton apartment development, Linacre Rise</a>

[smartcode_project:default project_id=141530 project_image_fid=229653]

The timing of completion of both 58 Beach and Linacre Rise, late 2024 and mid-2025, is something which North thinks will make sense for a downsizer.

"There's an opportunity for downsizers coming out of their family home," Norton says.

"They can lock in the apartment at 2023/24 prices, then benefit of selling into a market where values are expected to have increased off the back of interest rate drops."

Both projects have been well received by the market within the first few weeks of the campaign, Norton adds.

58 Beach has been designed by Ewert Leaf to take advantage of its location. The ground floor apartments feature landscaped wraparound courtyards by John Patrick, while the terraces above take in never to be built out water views.

[smartcode_project:default project_id=141530 project_image_fid=229649]

The kitchen, with natural stone benchtops, brushed nickel handles and tapware and premium Swiss V-ZUG Appliances arranged in a tower setup, meets the open plan living and dining space which opens to the outdoors.

The two-bedroom apartments at 58 Beach start from $1.65 million, and the three-bed units are priced from $2.15 million.

Linacre Rise brings a little more supply to Hampton, with 27 two and three-bedroom apartments, but with the same intent as 58 Beach.

[smartcode_project:default project_id=95289 project_image_fid=229694]

"Capitalising on a location in one of Hampton’s highest areas, each residence at Linacre Rise has been carefully designed to capture superb views in every direction," the architecture firm said.

"Here, among the calm of a peaceful leafy boulevard, you can relax and recharge, with everything you love about Hampton close by," the architecture firm said.

The 15 two-bedroom apartments start from $1,275,000, while the 12 three-bedroom apartments are priced from $2.05 million.

Wickton has another two projects in the pipeline, another in Bayside and one in Stonnington.

[smartcode_project_cta:default project_id=141530]

The timing of completion of both 58 Beach and Linacre Rise, late 2024 and mid-2025, is something which Norton thinks will make sense for a downsizer

Wickton launch second Hampton apartment development in as many weeks

Leading Australian integrated property development group Aqualand will pay homage to the distinctive <a href="/new-apartments/north-sydney-nsw">North Sydney</a> landscape on the ground plane of their <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> mixed-use tower.

Rising 28 storeys above the streetscape at located at <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">168 Walker Street</a>, and in the final stages of construction completion, the $1 billion Woods Bagot-designed residential community will comprise 386 luxury apartments above a richly landscaped precinct, including a two-storey retail and commercial podium.

Aqualand’s collaboration with award-winning landscape architects Turf Design Studio has resulted in a design that successfully integrates the project with the unique local environs of the characterful suburb. Landscape works are set to commence in early 2024.

Read more:&nbsp;<a href="/news/nsw/why-aqualand-is-committed-to-north-sydneys-transformation-five-minutes-with-aqualands-alex-adams">Why Aqualand Is committed to North Sydney's transformation: Five minutes with Aqualand's Alex Adams</a>

<img alt="Aura" data-entity-type="file" data-entity-uuid="c791f80e-63fe-4104-89d0-8f1bc2d8ed7b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-09%20at%206.45.43%20pm.png?VersionId=3_JEMAeaFyCqrIFnjMjdRVSoA7duvTyj" />

Turf Design Studio Director Mike Horne said the design will reflect the <a href="/new-apartments/north-sydney-nsw">North Sydney</a> gully landscape.

“When you’re walking around <a href="/new-apartments/north-sydney-nsw">North Sydney</a>, the generously terraced lush green gardens of the traditional cottages and beautiful old houses imbue a gully setting, with its slightly humid air thick with a concentration of cool fragrances," Horne says.

“We’re trying to extend and deepen this character. <a href="/new-apartments/north-sydney-nsw">North Sydney</a> is changing, and has been for years, so we’re trying to discover the quintessential character of the place and amplify it.

Horne says&nbsp;<a href="/new-apartments/north-sydney-nsw">North Sydney</a> is undergoing a step change in terms of urban growth and density.

"On the border of this change, this site is interacting with the lower-scape buildings, establishing a ground-level connectivity allowing the senses to connect, as well as\ rationally bring this experience into the building to make you feel as if you’re still in a garden.

“Due to the site’s significant level change, a tiered series of curvy sandstone walls, two to three metres high will step down, creating a series of tiered terrace gardens full of cascading plants to immerse you in greenery. This will reflect a gully landscape with the sandstone walls disconnecting you from the actual building structure, making the landscape a device which allows you to exist ‘within’, to create moments of connection, where people can interact with the plantings."

<img alt="AURA by Aqualand" data-entity-type="file" data-entity-uuid="a06f9577-a5ba-4890-a7a6-42c7f2458970" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-09%20at%206.48.48%20pm.png?VersionId=o2IFKuPd3ceuiUYJg5gvB9zx1zbztooD" />

The garden beds immediately outside the hospitality spaces will reflect their individual offerings. For example, outside the contemporary Japanese restaurant, species such as Japanese maples, purple leaf plums, Japanese red pines, camelias, wisterias, azaleas and Japanese box will be used.

Desert species, including curly jade plants, prickly pears, foxtail agaves, kentia palms, cordylines, golden barrel cactuses and succulents, will be planted outside the All Day Diner.

The providore, bakery, café and wine bar’s garden beds will feature Mediterranean species, such as rosemary, oregano, thyme, lavender, agapanthus, liriope and lemon and olive trees. Inside the building, the lift lobbies on each level, being key areas for resident interaction, will carry greenery throughout the building with interior gardens sitting against the glass next to the lifts from levels one to 26. The level 26 Sky Deck will also feature coastal cliff-style plantings.

"We’re not just providing garden beds, but offering the community a landscape experience that begins at the street, and as they move through the sites’ threshold and entries it intensifies the landscape experience," Horne added.

[smartcode_project:default project_id=30959 project_image_fid=218393]

"The ground plane will connect to the experience and quintessential character the local homes are holding onto by connecting AURA to the ground and earthing it to that gully-style cultural landscape of old <a href="/new-apartments/north-sydney-nsw">North Sydney</a>. We want to be respectful of the original suburb’s distinct character with its southern aspect offering shelter from hot north-easterlies.

“Although AURA is not a heritage project, we’re still respecting the local heritage by wrapping it around the building to create harmony and build a context for living that feels right for the area."

Aqualand has also commissioned a public art piece from international artist Richard Sweeney to adorn the Walker Street entrance. The piece was also inspired by <a href="/new-apartments/north-sydney-nsw">North Sydney’s locale</a>, and will feature unique, organic curves inspired by the natural elements of sandstone, water and the landscape synonymous with the harbour-front. The artwork component will be woven into the fabric of the garden in a way that amplifies the arrival experience.

[smartcode_project:default project_id=30959 project_image_fid=202986]

Aqualand Group Managing Director, Jin Lin, says he’s excited by the final landscape scheme as it is testament to Aqualand’s commitment to building communities that reflect the local area.

“We’re deeply committed to creating projects that not only fit comfortably within their neighbourhood, but also enhance it," Lin said.

"We’re with our projects for the long-term, well after the final residence is sold, as we retain ownership of the retail spaces, so we need to be in harmony with the local community on an ongoing basis.

“These plans will help integrate AURA into <a href="/new-apartments/north-sydney-nsw">North Sydney’s beautiful fabric</a> and the network of landscaped laneways will welcome our neighbours into the precinct so they can comfortably enjoy our retail offerings.

“AURA’s construction is progressing well and we can’t wait to welcome our <a href="/new-apartments/north-sydney-nsw">North Sydney</a> neighbours to our new precinct in mid-2024."

[smartcode_project_cta:default project_id=30959]

Aqualand’s collaboration with award-winning landscape architects Turf Design Studio has resulted in a design that successfully integrates the project with the unique local environs of the characterful suburb

The importance of landscaping in a city development: How AURA by Aqualand is bringing nature to North Sydney

Sydney property developer <a href="/developers/central-element">Central Element</a> (CE) and joint venture partner Develotek has appointed builder Trescon to build their luxury harbourfront apartment development, <a href="/new-apartments/bianca-drummoyne-2c-2d-wolseley-street-drummoyne">Bianca Drummoyne</a>.

They'll kick off construction in early 2024 on the project of just 12 large-scale apartments, each encompassing three and four-bedrooms with&nbsp;views of <a href="/new-apartments/drummoyne-nsw-2047">Drummoyne</a> Bay, the harbour, and the city skyline.

The rarity of <a href="/new-apartments/bianca-drummoyne-2c-2d-wolseley-street-drummoyne">Bianca</a>,&nbsp;the first new waterfront project to be released in <a href="/new-apartments/drummoyne-nsw-2047">Drummoyne</a> since 2020, has seen it achieved record prices for the area. Prices start from the mid to high $3 million range and into the high $8 million bracket for the apartments with direct waterfront access.

Read more:&nbsp;<a href="/news/nsw/central-element-and-develotek-set-to-launch-bianca-drummoyne-apartments-following-council-sign-off">Central Element and Develotek set to launch Bianca Drummoyne apartments following council sign off</a>

<img alt="Bianca" data-entity-type="file" data-entity-uuid="9bd8552f-2d2f-4cf1-9573-d30ec69df187" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-09%20at%201.14.06%20pm.png?VersionId=kKp5zEKFoQjOenXP6wpjrcPpYjuY9ej8" />

Cameron Porter, <a href="/developers/central-element">Central Element’s</a> Head of Sales, says what sets Bianca apart is its generous floorplans, rare position and harbour views.

"The extravagant north-facing residences range from 120 to 290 square metres internally with 10-13 metres of water frontage," Porter says.

"In terms of the buyer, we’re seeing that downsizer or empty nester, primarily from Hunters Hill, Balmain, Longueville and Drummoyne, drawn to the product for its house-like proportions and prime waterfront position as they are often coming from large waterfront homes themselves.”

Following a considered selection process, CE has appointed the iCIRT certified and renowned Sydney construction company Trescon to bring the creative vision for Bianca to life. Trescon boasts strong experience across a diverse portfolio of projects with a passion for high-end luxury residences, notably the revamp of a 1928 Wunulla Road, Point Piper residence led by architect Richard Stanisich which recently sold for $69 million.

<img alt="Bianca" data-entity-type="file" data-entity-uuid="a6fd6e99-2283-478d-8604-51c09eb1736b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-09%20at%201.14.11%20pm.png?VersionId=eW.ED2vvbPFegQecfLlMZ7bDgxGz8ceo" />

&nbsp;

The architectural design of Bianca by SJB is refined, built around the framing of the glittering waterfront views with the expansive floor-to-ceiling glazing and large open rooms exuding the opulence of a stand-alone house. The materials used all tie back to light and neutral tones, while elegant brickwork with refined details speak to the longevity of the design.

Nathan Chivas, Managing Director of <a href="/developers/central-element">Central Element</a>, said they are&nbsp;proud to partner with Trescon on the development.

"Our vision at CE is to redefine luxury living through the creation of house-like apartments in prime locations that consistently surpass expectations and establish new benchmarks for the areas," Chivas said.

"It is important to us that we have partners who share this vision, and it was clear by Trescon’s reputation and proven track record for delivering projects to the highest standards that they were the perfect choice to execute this project."

Trescon will kick off construction in early 2024 on the project of just 12 large-scale apartments

Central Element appoint builder for luxury Bianca Drummoyne apartment development

Builder developer 5Point Projects is aiming to set a new benchmark of luxury living on the Palm Beach beachfront with the reveal of their $60 million project, Ophira Palm Beach.

Ophira Palm Beach, just seven full-floor apartments and a two-level penthouse, is the only off the plan beachfront apartment development in market on Jefferson Lane, which has become the southern Gold Coast's millionaire's row in recent years.

[smartcode_project:default project_id=138441 project_image_fid=221546]

Each full-floor apartment will offer between 290 sqm to 317 sqm of internal and outdoor living space. The living areas have been designed to take in as much of the ocean views as possible, through the floor-to-ceiling windows and the full-width balconies that open from the living space.

The apartments have three bedrooms, each with an ensuite, as well as a study and a multi-purpose room. The kitchens feature stone benchtops, a tucked away scullery, and wine storage.

[smartcode_project:default project_id=138441 project_image_fid=221548]

Ophira’s two-level penthouse will deliver an expansive 637 sqm of living space with four bedrooms, four bathrooms and its own private outdoor entertainment area featuring a pool, spa, sundeck with teppanyaki bar, and a sunken lounge with a fire pit.

Ophira Palm Beach residents will enjoy a sanctuary of calm with shared amenities on level one including an exclusive plunge pool and sun deck plus a communal garden which will be a focal point for relaxation and wellbeing.

[smartcode_project:default project_id=138441 project_image_fid=221545]

5Point have a long track record of constructing some of the most premium projects in Palm Beach.

“We are salivating over delivering Ophira to the market because of its sublime absolute beachfront location over two blocks at a time when there just aren’t any beachfront sites in the market,” said 5Point director Damian Dove.

“There is also incredible demand in Palm Beach for luxury apartment living but just not the stock or the capacity to build.

“We are fortunate that we are in a position to build immediately and the inquiries for Ophira despite having little marketing attention until now has been quite remarkable.”

[smartcode_project:default project_id=138441 project_image_fid=221553]

Dove says Ophira has been highly anticipated by the local market, close to the cosmopolitan heart of Palm Beach, combined with its spacious living and the supreme privacy.

Jamie Bourke and Dylan Molloy of ARC Project Marketing said Ophira presents a unique opportunity for downsizers looking for high-end product where there are very limited opportunities.

"Not only is there nothing like this in the market, but we have gone to extraordinary lengths to create a project that will be an absolute icon for the southern Gold Coast,”&nbsp;Molloy said.

“5Point have infused Ophira with lavish coastal elegance, taking the best of beachfront living back to its roots with each of these residences offering the ultimate in privacy where homeowners can truly immerse themselves in this beautiful part of the Gold Coast.”

Prices start from $6.35 million.

[smartcode_project_cta:default project_id=138441]

Dove says Ophira has been highly anticipated by the local market, close to the cosmopolitan heart of Palm Beach, combined with its spacious living and the supreme privacy



5Point to set new Palm Beach apartment benchmark with Ophira Palm Beach

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

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

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

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

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

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

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

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

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

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