The Sammut name has been synonymous with property development in the Sutherland Shire for decades.

Paul Sammut started developing and building luxury houses back in the 1960s. His sons Allen and John Sammut then officially set up Sammut Developments in 1993.&nbsp;

Since then the Sammut family has been associated with over 300 residential development projects, both houses and multi-res, up and down the coast of Sydney.&nbsp;They even took their brand to Queensland, in what was arguably one of their most successful apartment developments to date.

A testament to their brand strength and recognition in the Shire, the <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise apartment development</a> Coast, on the dress circle <a href="/new-apartments/coast-surfers-paradise-43-garfield-terrace-surfers-paradise">Garfield Terrace beachfront</a>, quickly garnered significant attention.

Within a few weeks of lodging their development application, they secured $110 million in conditional sales. More than half of the 53 apartments were spoken for, at an average sale price of more than $4.5 million. Now there's just a handful left.

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A number of purchases came from those in Sydney who knew what Sammut had delivered locally.

Julian Sammut, the third generation Sammut and the company's chief operating officer, said the company wanted to test themselves in a different market and had been looking at sites for a while before swooping on the 1,619 sqm beachfront block in the early stages of COVID.

He said that while sales were fast, it wasn't all sunshine and rainbows.

"We couldn't even get up to Queensland and transact physically on the site," Sammut recalled.

"Everything was done over the phone independently during the full lockdown."

Sammut said like any other developer at the moment, when construction prices started to rise, they got it.&nbsp;They had to adjust their pricing to what was the new reality.

"Even with prices rising, we still believed in the stock, and purchasers would understand the quality and price tag," Sammut says.

Multiplex kicked off construction of the 37-level tower in November last year, and are forecasting an early 2025 completion date.

[smartcode_project:default project_id=101672 project_image_fid=207680]

Sammut admits that while they had the full belief in their product working in a different space, the reaction from the market and the speed of the success was still a surprise.

"You always think you can develop anywhere and everyone will love it, but it's not always the case. There's still a lot of beachfront development on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> in that luxury space, so the fact Coast only has a handful of apartments left is pretty extraordinary," Sammut says.&nbsp;

While Coast out Sammut on the map in South East Queensland, their bread and butter for a number of years has been the Sutherland Shire, in particular the epicentre, <a href="/new-apartments/cronulla-nsw-2230">Cronulla</a>.

Sammut says Cronulla really does offer something nowhere else in Sydney can.

"It's the only beach in Sydney accessible by a train station. People love the fact they can be footsteps to the beach, have a great local amenity with retail and dining as well as great schools, while being a direct 40-minute train to the city."

Sammut's pipeline in Cronulla is extensive. Having predominantly developed for the high-end downsizer market, Sammut have been clever in recent years, diversifying their portfolio not by property type, but by density.

Their newest apartment development VUE, by no means high density with 112 apartments just more than the beachfront six-packs, has opened up the Sammut brand.

"VUE allowed us to offer something we haven't to a wider market for a while," Sammut says.

"It was one of the first chances first home buyers have had in a while to buy a Sammut apartment, and the one-bedrooms were snapped up, selling for around the $1.28 million mark, a huge price for a one-bedroom apartments in Cronulla."

<img alt="Vue Cronulla" data-entity-type="file" data-entity-uuid="7b03eda8-f7a8-48e7-9729-1ff9e999daea" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-09%20at%208.55.34%20am.png?VersionId=VEwaXG0bDDPv69BeNlgXyl4tI.2UioGO" />

What they've done at Vue is cater for all aspects. While their more boutique stock caters for downsizers, Vue caters for a different kind of downsizer.

"Some downsizers want the privacy of being one of just two or three apartments on the beach, and have the budgets to back that up. But some want a swimming pool, gym, sauna, cafes on their doorstep, things you can't get in the luxury beachfront developments."

Vue has a large pool through the middle separating the two buildings, with a northern aspect all day to capture the sunlight. It's surrounded by cabanas, breakout areas with barbecues. There's a wellness centre with all of the trimmings including a gym, steam, sauna, even an ice plunge bath and a hot plunge. The towers will sit above extensive retail and office space, creating a new destination for Kingsway.

There's been significant interest in the two-bedroom apartments, with many young professionals who don't need to head into the city office every day, turning one of the bedrooms into an office. Sammut also designed the one-bed apartments to have study nooks to cater for the work from home trend.

A few months ago Sammut appointed Decode to build Vue, which is expected to be complete in 2025.

Sammut are continually on the look out for potential development opportunities, with the door open to more projects on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>, and even <a href="/new-apartments/brisbane-qld">Brisbane</a>.

Paul Sammut started developing and building luxury houses back in the 1960s. His sons Allen and John Sammut then officially set up Sammut Developments in 1993

Joel Robinson

From coast to Coast: Sammut's evolution from Sutherland Shire to Surfers Paradise

New apartment developer Prosker Property has launched its first residential development, and it's in one of Sydney's most premium suburbs.

Prosker has launched <a href="/new-apartments/redan-lane-22-redan-street-mosman">Redan Lane</a>, an exclusive collection of just seven apartments on the sought-after Balmoral Slopes in <a href="/developments/mosman-nsw-2088">Mosman</a>.

Tim Foote, a former estate agent for the last two decades and Mosman resident, founded Prosker with a view to establish a lasting local legacy for future generations.

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&nbsp;

Foote, a former architecture student, had Studio Johnson designed a tiered building on the 2,200 sqm <a href="/new-apartments/redan-lane-22-redan-street-mosman">Redan Lane</a> site so each apartment could take in views over Balmoral Beach from its elevated position just a few streets back from Mosman Village.

The three and four-bedroom apartments range in sizer from 205 sqm to 270 sqm. The three-bedrooms have two private lock-up garages, six metres wide, spaces, while the four-bedroom apartments have garaging for four cars. There's EV charging for each residence too.

&nbsp;

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&nbsp;

Mim Design handled the interiors of the apartments, which feature&nbsp;integrated Sub-Zero and Wolf appliances in the kitchen, internal gas fireplaces within a marble feature mantle, and a wine storage display which adjoins a bar area.

&nbsp;

Dangar Barin Smith were in charge of the landscaping. There's extensive courtyards and terraces which have landscaped greenery, offering both shade and privacy to alfresco areas.

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While boutique developments such as <a href="/new-apartments/redan-lane-22-redan-street-mosman">Redan Lane</a> don't tend to have a suite of amenity, residents will have a Golf Room with a full golf simulator. Foote clearly knows Mosman locals love a round.

<a href="/new-apartments/redan-lane-22-redan-street-mosman">Redan Lane</a> is slated for completion in late 2025. CBRE Residential Projects is marketing the project.

Tim Foote, a former estate agent for the last two decades and Mosman resident, founded Prosker with a view to establish a lasting local legacy for future generations.

Luxury apartments Redan Lane launch in Mosman

Residential property developer&nbsp;New Hope Evergreen&nbsp;has appointed experienced Sydney-based builder Binah to construct its three-tower <a href="/new-apartments/st-leonards-nsw-2065">St Leonards apartment development</a>, <a href="/new-apartments/the-landmark-quarter-st-leonards-8-marshall-avenue-st-leonards">Landmark Quarter</a>.

Binah, an ICIRT Gold Star-rated builder, will kick off construction on the development which has secured over $100 million in sales since launching earlier this year. Those sales included a suburb record $7.5 million for a three-bedroom apartment. Four penthouses have also sold for a combined $35 million, highlighting the desire for <a href="/new-apartments/st-leonards-nsw-2065">larger apartments in the area</a>.

Read more:&nbsp;<a href="/news/nsw/new-hope-evergreen-secure-three-penthouse-sales-across-st-leonards">New Hope Evergreen secure three penthouse sales across St Leonards</a>

<a href="/news/nsw/new-hope-evergreen-secure-three-penthouse-sales-across-st-leonards">[smartcode_project:default project_id=139897 project_image_fid=212572]</a>

Peter Pereira, New Hope Evergreen Development Director,&nbsp;says the record-breaking sales express the&nbsp;discerning buyer’s appreciation for architectural finesse, luxury interiors, and our lifestyle-centric amenities.

"Our partnership with Binah propels us closer to realising our vision of providing opulent living spaces in the heart of St Leonards,"&nbsp;Pereira said.

"Their proven track record in handling complex projects assures us of a stellar execution as we embark on this exciting phase."

<a href="/new-apartments/the-landmark-quarter-st-leonards-8-marshall-avenue-st-leonards">The Landmark Quarter</a>, located at the highest point in <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a> South, features a host of resort-style amenities such as a&nbsp;cinema, mineral pool, private rooftop terraces, and a scenic rooftop communal area offering harbour and city views.

Read more:&nbsp;<a href="/news/nsw/a-cinema-swimming-pool-and-billiards-room-inside-the-amenity-laden-st-leonards-off-the-plan-apartment-development-the-landmark-quarter">A cinema, swimming pool, and billiards room: Inside the amenity-laden St Leonards off the plan apartment development, The Landmark Quarter</a>

[smartcode_project:default project_id=139897 project_image_fid=212667]

A private landscaped area will also create a new park for Lane Cove Council.&nbsp;New Hope Evergreen&nbsp;expects to complete Landmark Quarter by mid-2026.&nbsp;

The developer has invested $1.4 billion in <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a>, having previously completed the nearby tower, The Landmark.

[smartcode_project_cta:default project_id=139897]

Peter Pereira, Development Director, New Hope Evergreen, said Binah’s expertise aligns with their vision of delivering exquisite residential spaces

Landmark Quarter, St Leonards apartment development, to start construction

The whole face of Southport, the waterside suburb in the north of the Gold Coast, might be about to change with a mega development site up for grabs.

Developers will be licking their lips at the massive 13,785 sqm parcel at 60 Marine Parade which has preliminary approved plans by DBI for a five-tower masterplanned precinct which could suit a range of uses including&nbsp;tourism and resort facilities, hotels, various forms of residential complexes, retail precincts, cafes, restaurants, offices, and international conference and exhibition centres.

The towers can rise as high as 335 metres. DBI's highest tower is 68 levels.

The approval timeframe for the project to be realised is four months, which means progress on the development could start early next year.

The towers, on Broadwater, will offer&nbsp;views over The Spit, Pacific Ocean and Gold Coast skyline.

Also available under the same ownership is the adjoining retail and commercial component at 1, 1A and 5 Nerang Street, Southport.

The Queensland Government and Gold Coast City Council have already granted preliminary development approval, designating it as a Priority Development Area (PDA) within the Southport Central Business District.

Canford agents Roland Evans and Angus Cottrell are selling the site in conjunction with Cushman &amp; Wakefield's Brad Hamilton and Josh Cullen.

"Rarely does a site of this size and location become available as a complete blank canvas," Evans said.

"The panoramic views and the surrounding facilities that the end development will experience are unmatched.”

Brad Hamilton of Cushman &amp; Wakefield said the development is set to become the most iconic site on the Gold Coast.

"Its strategic location, coupled with the unprecedented support from the Queensland Government and Gold Coast City Council, makes it an unparalleled investment opportunity. Given the weight of capital with appetite for mixed use / living investments, we expect high levels of interest from a multitude of different purchasers,"&nbsp;Hamilton said.

The masterplanned precinct could suit a range of uses including tourism and resort facilities, hotels, various forms of residential complexes, retail precincts, cafes, restaurants, offices, and international conference and exhibition centres.

Five-tower masterplan set for Southport as Marine Parade site gets pitched to developers

The <a href="/new-apartments/gold-coast-qld">Gold Coast unit market</a> continues to post impressive month-on-month growth.

Another 1.6 per cent value gain in the unit market across October marked the sixth consecutive month of plus one per cent growth,&nbsp;CoreLogic's monthly Home Value Index found.

The median unit value on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> is now $717,000, up 3.9 per cent on the rolling quarter and 8.8 per cent over 2023.

Comparing it to the capital city markets, the median is just over $100,000 less than the <a href="/news/nsw/city-beat-october-2023-all-markets-transacting-in-the-sydney-off-the-plan-apartment-market">Sydney unit median</a> and over $100,000 more than the next most expensive capital, Melbourne.&nbsp;

Despite many suggesting the traditionally cyclical <a href="/new-apartments/gold-coast-qld">Gold Coast</a> market would come crashing down when people started heading back into the office and not have the ability to work remotely, the market has bucked opinion and has been one of the best performing markets in the whole country this year.

Read more:&nbsp;<a href="/news/qld/city-beat-september-2023-gold-coast-unit-values-pass-700k-after-continued-2023-growth">City Beat September 2023: Gold Coast unit values pass $700k after continued 2023 growth</a>

<h1>What's happening in the Gold Coast off the plan market?</h1>

The COVID-19 pandemic lit a fire under the <a href="/new-apartments/gold-coast-qld">Gold Coast property market</a>, particularly in the off the plan apartment space.

Those who bought anywhere between 2020 and 2021 are starting to see their projects complete.&nbsp;

Despite interest rates rising significantly over the last 18 months, the overwhelming majority of buyers are still settling and are just having to accept an interest rate repayment they never thought would be this high when they purchased. That's because for the last two to three years, prices have skyrocketed. Most buyers are getting their valuations coming back for their completed apartments at 30 per cent more than what they paid.

And what's more, prices haven't come down like the rest of the country. The <a href="/new-apartments/gold-coast-qld">Gold Coast </a>has proven to be one of the most resilient markets in Australia, and the tight supply v high demand has been the contributing factor.

An interesting insight is that southern demand has continued well into 2023. Initially the southern boom, whether it was for migration purposes or an investment, started when southeners wanted to escape both the cold and the rolling lockdowns for the beach, with the ability to work from anywhere in the country at an all time high.

Now that's over, the expectation was southern interest would taper. But that's not what local agents have found.

Pezet Matheson Director Todd Matheson says southeners are still making up a large portion of both enquiry and purchases.

"Those buyers from the southern states aren't just investors looking to take advantage of the Gold Coast's tight rental yields, they're buying off the plan as a future home," Matheson says.

Southern city dwellers, as well as downsizing locals and those from Brisbane who are looking ahead to retirement, have dominated the sale of the Signature Residences at <a href="/new-apartments/lagoon-main-beach-11-23-cronin-avenue-main-beach">Lagoon Main Beach</a>, the under construction <a href="/developments/main-beach-qld-4217">Main Beach apartment development</a> by Drew Group.

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Pezet Matheson secured $43 million worth of sales in the last six weeks at <a href="/new-apartments/lagoon-main-beach-11-23-cronin-avenue-main-beach">Lagoon Main Beach</a>, the majority of whom were new buyers to the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>.

"There's been a large cohort of buyers who have come in and transacted quickly in the last month and a half," Matheson says, adding that the status of the project, and the fact it's under construction by one of the biggest and best builders in the country in Hutchisons, goes a long way in the current market.

The $390 million project, on a 4,000 sqm plus site, an amalgamation not seen since the&nbsp;1980s,&nbsp;comprises two towers of 259 apartments on the sought-after Cronin Avenue.

The two towers are called Sunrise and Sunset, each taking in either views of the Pacific Ocean or the hinterland.

<a href="/new-apartments/lagoon-main-beach-11-23-cronin-avenue-main-beach">Lagoon Main Beach</a> comes&nbsp;comes with a high-end range of amenities designed to compliment the coastal way of life. The name Lagoon stems from the lagoon-style pool oasis, with private cabanas and a heated spa, which sits between the two towers,. There's also indoor and outdoor lounges, a fitness centre, yoga deck, a business hub, storage for surfboards.

[smartcode_project:default project_id=108747 project_image_fid=221590]

Total Property Group are also seeing significant demand from southeners at the luxury end of the market they market in. They're marketing Royale, Jewel and Escape, and have recently launched Burly Residences, the North Burleigh apartment development by David Devine's DD Living.

Total Property Group Managing Director Adrian Parsons says however that recently the most robust enquiry at the top end has come from the local <a href="/new-apartments/gold-coast-qld">Gold Coast</a> and Brisbane markets.

"At this point it’s probably the strongest demographic we see," Parsons says.

They've had a strong resposne to the launch of <a href="/new-apartments/burly-residences-north-burleigh-264-268-the-esplanade-burleigh-heads">Burly Residences</a>, the Koichi Takada-designed apartment development with interiors by Mim Design.

[smartcode_project:default project_id=134791 project_image_fid=223390]

"We knew the market response would be strong having sold out developments in Burleigh previously," Parsons said, adding however that North Burleigh is a little different when being compared to Burleigh Heads.

"It’s quieter and suits the owner-occupier or quiet holiday maker, footsteps from the ocean. Despite its more peaceful outlook, <a href="/new-apartments/burly-residences-north-burleigh-264-268-the-esplanade-burleigh-heads">Burly Residences</a> is also just a short stroll from the amenity at nearby Miami and Nobby Beach, presenting the best of both worlds."

Read more: <a href="/news/qld/dd-living-reveal-luxury-burly-residences-development">DD Living reveal luxury Burly Residences development</a>

[smartcode_project:default project_id=134791 project_image_fid=220106]

Parsons says buyers have been attracted to the "playground of six-star amenities", which have a real focus on R&amp;R.

Residents of <a href="/new-apartments/burly-residences-north-burleigh-264-268-the-esplanade-burleigh-heads">Burly Residences</a> will have access to two floors of resort amenities, including resort-style pools set amid tropical gardens, a pool deck, and a luxury beach club.

There's also wellness facilities in the form of a gym, yoga and Pilates lounge, Peloton room, steam room and a sauna.

City Beat October 2023: Southern boom continues in Gold Coast off the plan apartment market

Third.i and Toohey Miller's <a href="/developments/potts-point-nsw-2011">Potts Point</a> joint venture, <a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse Potts Point</a>, has kicked off its sales campaign.

The newly launched project of just 13 one, two and three-bedroom apartments on Brougham Street near Woolloomooloo has been designed by WMK Architecture to reflect the architectural and natural heritage in one of Sydney's oldest neighbourhoods.&nbsp;

The design has been curated to evoke a sense of elegance, with a contemporary yet timeless render that will blend into the <a href="/developments/potts-point-nsw-2011">local Potts Point area</a>. Wide flowing terraces will amplify the sweeping views on select residences, drawing from the beauty of the harbour and city landscapes.

[smartcode_project:default project_id=112613 project_image_fid=231687]

A communal rooftop will top the project, complete with a residents only pool and expansive scenery.

Read more: <a href="/news/nsw/city-beat-october-2023-all-markets-transacting-in-the-sydney-off-the-plan-apartment-market">City Beat October 2023: All markets transacting in the Sydney off the plan apartment market</a>

The interiors have been in the control of architecture and interior design practice Mathieson and will encompass large&nbsp;living spaces, with bespoke finishes.

Phillip Mathieson said&nbsp;each apartment "has been designed to capture the essence of inner-city living, and beauty in simplicity."

Each apartment will have rich artisan detailing and capacious oak veneer cabinetry that seamlessly blends into the open living areas. A floating limestone clad fireplace shapes an atmospheric place to retreat, entertain and live.

The spaces will feature a suite of high-end appliances including a Wolf induction cooktop, built- in microwave oven, and pyrolytic oven, a V-Zug fully integrated dishwasher, and a fridge and freezer by Sub Zero.

Italian lighting studio, Viabizzuno, will be providing all the lighting at <a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse</a>, marking the first development in Australia to be exclusively Viabizzuno. Known for coupling beautiful materials with the best in lighting technology, Viabizzuno lighting is the favoured lighting supplier in numerous luxury fashion houses including Chanel, Gucci and Valentino.

[smartcode_project:default project_id=112613 project_image_fid=231688]

Third.i Co-Founder and Director Luke Berry said they are thrilled to be launching the company’s first project in <a href="/developments/potts-point-nsw-2011">Potts Point</a>, sharing that they worked with the council and responded to the needs of the local community to create a legacy project that will complement the area, limit impact to the neighbours and support the growth of the suburb. 
 
“We have brought together some of the best minds of design and architecture, to deliver something truly unique to Potts Point," Berry said.

"<a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse</a> not only encapsulates the essence of the neighbourhood and suburb, but also presents stunning apartments that are skilfully designed to optimise the seamless integration of indoor and outdoor living spaces.

“We are thrilled to offer buyers an opportunity to secure their slice of boutique living in the heart of <a href="/developments/potts-point-nsw-2011">Potts Point</a>. Residents will have effortless access to an array of amenities included in <a href="/developments/potts-point-nsw-2011">Potts Point's vibrant lifestyle</a>, ensuring they can fully embrace the offerings of this dynamic neighbourhood."

[smartcode_project:default project_id=112613 project_image_fid=231689]

The demand for premium, lifestyle properties in <a href="/developments/potts-point-nsw-2011">Potts Point</a> and Sydney’s East remains strong due to prestige downsizers looking to sell their family homes.

<a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse Potts Point</a> is located on Brougham Street and is within walking distance of the Royal Botanic Garden, the recently opened Sydney Modern Art Gallery, and the vibrant local dining and café scene.

Construction is scheduled to begin in late 2023 and works are expected to wrap up by the end of 2025.

[smartcode_project_cta:default project_id=112613]

“We have brought together some of the best minds of design and architecture, to deliver something truly unique to Potts Point," Third.i's Luke Berry said



Third.i and Toohey Miller launch Muse Potts Point apartments

Design-led developer Lowe Living has announced the sales launch of their latest development, <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> in <a href="/developments/south-melbourne-vic-3205">South Melbourne</a>.

Alongside joint venture and development partner ICON Developments, a wholly owned subsidiary of Japanese property giant Kajima Corporation, the $160 million mixed-use project located at <a href="/new-apartments/emerald-place-by-lowe-living">182-200 Clarendon Street in South Melbourne</a> will deliver 1,500 sqm of ground-floor retail, 12 premium commercial tenancies over two levels and six levels of 36 apartments.

Following a <a href="/news/vic/lowe-living-secure-quick-approval-for-160-million-south-melbourne-development">fast-tracked planning permit within four months</a>, the two groups continue to remain focused on delivering a market-leading design, leading build quality and a high-quality end product.

[smartcode_project:default project_id=135816 project_image_fid=231196]

Promising to deliver a significant addition to the area's vibrant urban landscape, the project’s design partners include architect, Woods Bagot and landscape architect Acre.

The design vision for <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> embraces the rich architectural history of the <a href="/developments/south-melbourne-vic-3205">surrounding late 19th and early 20th-century buildings</a>. Woods Bagot's innovative approach incorporates polychromatic brickwork and scale, that harmoniously blends with the site context. Acre has complemented the architecture to deliver a lush, verdant botanic setting in vertical landscapes, ensuring a seamless connection with nature.

Ana Sá, Associate Principal at Woods Bagot highlights, says&nbsp;<a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> represents a prominent corner statement and a contemporary interpretation of Victorian charm that sits sympathetically within its South Melbourne context.

“Drawing inspiration from the ubiquitous corner pubs, the design principles of detailed brickwork and a strong vertical grid have informed the project's narrative. The polychromatic brickwork references the local 19th-century palette in a uniquely contemporary expression for a timeless architecture that is truly of its place.”

[smartcode_project:default project_id=135816 project_image_fid=231203]

The residential offering includes a collection of two and three-bedroom apartments, as well as a limited number of three and four-bedroom Skyhomes, coming to market soon. Lowe Living has received a high-level of interest in the project off-market and is currently working with waitlisted clients.

The two-bedroom apartments on offer have internal areas between 111 sqm to 132 sqm are priced from $1.55 million, while the three-bedroom apartments, spanning between 135 sqm to 268 sqm, start from $1.99 million.

The Skyhomes will comprise of four expansive apartments positioned at the top of the building on levels seven and eight, with internal areas ranging from 268 to 391 sqm. These apartments also offer bay or city views with triple-aspect outlooks, with pools to select apartments.

High-quality finishes and appliances feature throughout the apartments, with natural stones, porcelain tiles, engineered timber flooring, wool carpets, premium fixtures, as well as Gaggenau and Liebherr appliances.

[smartcode_project:default project_id=135816 project_image_fid=231200]

<a href="/developers/lowe-living">Lowe Living</a> is targeting a minimum 7-Star NatHERs rating in operation. The commercial offering comprises 12 premium strata office tenancies which are also available for sale. Two have already been snapped up. The adjacent three-level car park is currently on the title to service the car parking needs of the office and retail tenancies.

Drawing on their expertise in the boutique luxury development space, Lowe Living aimed to draw on this to deliver a premium offering whilst retaining a distinct customer focus on luxury owner-occupier.

<a href="/developers/lowe-living">Lowe Living</a> Founder and Managing Director Tim Lowe says the team are&nbsp;very excited to bring this unique project to market.

"No detail has been spared in <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a>, and it truly embodies our commitment to excellence and innovation," Lowe said.

[smartcode_project:default project_id=135816 project_image_fid=231201]

"We were astutely focused on the luxury owner occupier, therefore we wanted to ensure the design responded to both the expectations of this buyer, as well as the desired lifestyle with local amenity on your doorstep.

"We worked closely with Woods Bagot to ensure the floorplans offered a variety of considered layouts to suit the unique needs of our buyers with expansive and thoughtfully landscaped private outdoor spaces by Acre. Arriving home to <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> is an opportunity for our buyers to escape the urban atmosphere of South Melbourne and step inside a verdant, tranquil and luxurious haven.”

ICON Developments is expected to start construction early next year, with a build time of around 20 months meaning completion will fall around mid to late 2025.

[smartcode_project_cta:default project_id=135816]

Design-led developer Lowe Living has announced the sales launch of their latest development, Emerald Place in South Melbourne

Lowe Living launch Emerald Place, South Melbourne apartments

Seldom will there be another opportunity to live within 300 metres from the heart of the Olympics.

That's what prominent <a href="/developments/woolloongabba-qld-4102">Woollangabba</a> developer <a href="/developers/sarazin">Sarazin</a> are offering with their latest project, <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia Residences</a>, a literal stones throw from the hallowed turf off The Gabba.&nbsp;

While technically sitting in <a href="/developments/east-brisbane-qld-4169">East Brisbane</a> as the boundaries of the suburbs is Wellington Road, for&nbsp;all intents and purposes, <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a> is a <a href="/developments/woolloongabba-qld-4102">Woolloongabba</a> address.

The <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Overend Street project</a> and its 187 apartment residents will take advantage of every part of the billions of dollars worth of investment being thrown at the Olympic precinct by both government and private investors. The aim is to create a 24/7 precinct, which will live long after the 2032 Olympic and Paralympic Games has finished.

Earlier this year the Queensland and federal governments reached a $7 billion funding agreement to transform Brisbane's sporting and event venues ahead of the&nbsp;2032 Olympic and Paralympic Games, which included a rebuild of The Gabba. Following the demolition, which started earlier this year, construction will start in 2026 and be complete in 2030. The Gabba will be the central hub of the Games, and will host the opening and closing ceremonies.

For those buying a north-facing apartment on an upper level, they'll be able to take in the Games from their balcony. Sarazin have long known the importance of rooftop amenity, particularly in this location, so they've created a viewing deck which will literally looks down into stadium.

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Even before the overhaul of <a href="/developments/woolloongabba-qld-4102">Woolloongabba</a> and <a href="/developments/east-brisbane-qld-4169">East Brisbane</a>, Murcia sat in a fantastic pocket to enjoy the local dining precinct with the Italian&nbsp;1889 Enoteca and the fairy-lit courtyard garden of Canvas Club which servces cocktails and tapas.

<a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a> is also just&nbsp;200 metres from the popular Logan Road, which is lined with heritage pubs, cafes and bars like whiskey bars Detour, set in a restored Sergeant Tyre factory, and Mrs J Rabbits.

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Away from the convenience of entertaining, nature is also at the forefront of the location. Just the other side of The Gabba are the Kangaroo Point Cliffs, which has a river walk and cycle path which runs alongside the Brisbane River. Coming out of <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a> and heading east, within 500 metres is <a href="/developments/woolloongabba-qld-4102">Woolloongabba</a> Rotary Park and Norman Creek, which is flanked by trees and greenery.

The project is also just&nbsp;two kilometres from the city, making it easily accessible by foot or bike. Well timed for <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia's</a> forecasted mid-2026 completion will be the new Cross River Rail, which is expected to be complete a year earlier. That will put residents just one stop to the new Queens Wharf precinct and two stops from Roma Street Station.

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The current <a href="/developments/woolloongabba-qld-4102">Woolloongabba</a> Station is also a five-minute walk. Commuters only need to be on the train for 90 seconds before making it into the city.

Residents can go on a quick coffee run at Brown Dog Cafe just four minutes from <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a>, or The Baker's Arms bakery.

An eight-minute walk southeast of <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a> is the retail, dining and entertainment precinct South/City/Sq. The precinct buzzes day and night, with a gym, yoga studio, art-house cinema complex, barber and beauty studio. Some restaurants and bars to check out around the precinct are Casa Chow, South City Wine, and Purple Palm.

<a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a> is close to three major university campuses – UQ, QUT and Griffith South Bank – and within the catchment for Brisbane’s first new inner-south high school in more than 50 years.

[smartcode_project:default project_id=135094 project_image_fid=214684]

Designed by HAL Architects, <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a> spans 18 levels and has a mix of one, two, three and four-bedroom apartments. All of the one-bedroom apartments have been snapped up.

The name and design of the project stems from the Spanish city <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a>. HAL were inspired by the Mediterranean style of the Spanish orchard city, blending the style with the best Antipodean subtropical design and cascading landscape.

Each apartment has been crafted to open to a covered balcony from the open plan living, kitchen and dining area. A number of the apartments include multi-purpose rooms and study nooks for future residents to decide what to do with.

While central to everything, <a href="/developers/sarazin">Sarazin</a> will also be providing even closer amenity, with new cafes on the ground level of the building. The second level will home a resident gym and bike repair workshop, while the rooftop will feature an infinity pool, private poolside cabanas and sun loungers, and a wellness area with cold and warm magnesium plunge pools, a sauna, steam room and outdoor showers, as well as alfresco private dining and barbecue facilities.&nbsp;

[smartcode_project_cta:default project_id=135094]

While technically sitting in East Brisbane as the boundaries of the suburbs is Wellington Road, for all intents and purposes, Murcia is a Woolloongabba address

A front row seat to the 2032 Brisbane Olympics: How Murcia Residences is set to take advantage of Woolloongabba boom

Melbourne unit value growth again outstripped houses for the fourth time in five months, according to CoreLogic's monthly Home Value Index.

Units, which incorporates both apartments and townhouses, saw values rise by 0.7 per cent over October, compared to 0.4 per cent for houses.

Over 2023 Melbourne unit values are now 3.7 per cent higher than they were at the start of the year, with the new median unit value now $615,000.

The housing market growth has tapered off since it turned a corner earlier this year. Sydney and Melbourne led the property market rebound, driven by low listing. Their growth has slowed the most however due to an increased level of supply most evident heading into spring and summer.

Where there's still a significant shortage in supply is in the off the plan apartment market, with developers continuing to battle the challenges of construction costs and the increased cost of land.

<h1>What's happening in the Melbourne off the plan market?</h1>

The aforementioned supply issue is still a critical issue in Melbourne, and looks like it will be for some time. There were a handful of projects go live o\ver October, but not enough to keep up with projected population forecasts.

Projects by Buxton Director Heath Thompson said the lack of supply is driving interest in stock which at one time or another has been overlooked.

“We’ve seen that residual stock is now starting to sell easily," Thompson says.

"Apartments that had been on the market for an extended period, having at one time, when supply was better, been viewed as being either expensive, compromised in outlook, or the floorpan wasn’t right, now an attractive purchase, given the lack of supply on the market."

Thompson is marketing Martin Brighton, a new boutique apartment development in Melbourne's Bayside. He's just sold a two-bedroom apartments to a Sydney investor, site unseen.

[smartcode_project:default project_id=5495 project_image_fid=220683]

Thompson says Martin ticks the right boxes in the off the plan apartment market at the moment.

"The project is under construction, with a timeframe in which people can start to prepare for their next move. The move in date of early next year means those downsizers can start to look at selling their house and what their next move looks like. It's a little easier when the building is six months away from completion compared with a few years ago. The stage of which construction is at is also particularly attractive in the current climate. There's certainty the project will complete, and that's worth its weight in gold."

On the Sydney buyer, Thompson says the buyer was particularly attracted to the longer term capital growth Brighton, and in particular Martin, represents," Thompson says.

"Martin sits in a niche pocket where you don't have to win the lottery to afford one of the apartments, but nor is it typical investor-grade, first home buyer stock. It sits in the middle tier, and suits the downsizer who doesn't have, or doesn't want to spend, $3 million plus, which the majority of new apartments in Brighton cost."

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Thompson has also seen renewed interest in a penthouse he's been marketing for a while, also in Brighton.

"A penthouse in Brighton we’ve been marketing has had no activity for months, but in the last week we’ve had three inspections for it.

No issues with interest rate rises at the moment as Thompson's main buyer demographic at the moment is downsizers.

Noorden Property agent David Lamond is seeing buyers cautiously await the RBA news, and the timing of the hike hasn't helped.

"It just speeds up the Christmas break for prospective buyers," Lamond says, where typically sales don't tend to occur. He says there will still be enquiry, but their timeline to purchase won't be until well into the new year once they've seen evidence of the RBA's willingness to hold rates for a prolonged period.

Lamond recently launched Marlu, a collection of just four townhouses in Hampton.

[smartcode_project:default project_id=140140 project_image_fid=219622]

In a similar fashion to Thompson's Martin, Marlu bridges a gap, in this instance between a grand $5 million plus mansion and an apartment.

"The project resonates with those not wanting to downsize fully to an apartment, but don't want the maintenance of a large family home."

Lamond forecasts that August 2024 will be a key month where developers will start to be able to put their foot on the gas once more after a few years of status quo, which will help the Melbourne supply issues.

"When looking at the supply pipeline for buyers, developers are starting to look at site acquisitions in the new year, with the view that by August, a few current challenges in the build space might tip in their favour.

"Trades are expected to start running out of work, and they won’t be able to command exorbitant prices like they are now, and materials, while not coming down, will start to at least plateau which will make it easier for a developer to accurately price a project."

Where there's still a significant shortage in supply is in the off the plan apartment market, with developers continuing to battle the challenges of construction costs and the increased cost of land.

City Beat October 2023: Buyer activity improves in Melbourne's off the plan apartment market

Award-winning developer Kokoda Property has continued its pursuit of creating a wellness-led lifestyle at its newest <a href="/developments/milton-qld-4064">Milton apartment development</a>, <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>.

Residents of the 144 one, two and three-bedroom apartments will have private access to a suite of&nbsp;comprehensive recreational facilities designed to provide a mix of relaxation, entertainment, and health and wellbeing activities, enhancing the resident's comfort and lifestyle.

The rooftop will feature an wet-edge swimming pool that spans the full width of the building. It has sweeping city views, as well as several cabanas and day beds, while tropical palms with also be planted to create a holiday environment. There's also a firepit area, barbecues and alfresco spaces, and a private dining and bar area.

[smartcode_project:default project_id=139032 project_image_fid=232307]

Completing the fitness component of the rooftop is a heath and wellness space with a gym, infrared sauna, spa, plunge pool and a yoga studio.&nbsp;

Kokoda is also catering for the working from home trend with a number of meeting rooms on the ground level, while the podium will home a&nbsp;private dining and lounge area, a cinema room, and a billiards room.

[smartcode_project:default project_id=139032 project_image_fid=232299]

The pet-friendly building also caters for furry friends with its own onsite dog washing facility.

"<a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a> is packed with an incredible range of extensive amenities that offer buyers an elevated luxury apartment living experience in Brisbane," Kokoda Property Founder and Managing Director Mark Stevens said.

Read more:&nbsp;<a href="/news/qld/how-a-love-of-architecture-inspired-a-move-into-property-development-five-minutes-with-kokodas-mark-stevens">How a love of architecture inspired a move into property development: Five minutes with Kokoda's Mark Stevens</a>

[smartcode_project:default project_id=139032 project_image_fid=232298]

<a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a> is Kokoda's third&nbsp;apartment development in Brisbane, following the success of the completed Chester &amp; Ella project in Newstead and the recently completed <a href="/buildings/the-ambrose-19-23-mcdougall-street-milton">The Ambrose in Milton</a>.

The project has been designed by Cottee Parker, who also worked on The Ambrose.

[smartcode_project:default project_id=139032 project_image_fid=232301]

<a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a> will rise 21 levels from 12-18 Crombie Street and will comprise 144 apartments, ranging from 65 sqm to 155 sqm. There will also be a spacious 164 sqm penthouse, one of the largest ever developed in Brisbane.

Prices for <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a> start at $654,000.

The <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a> Penthouse Collection, a highlight of this project, features eight penthouses, comprising six sub-penthouses and two master penthouses, with sizes ranging from 188 sqm to 392 sqm and prices starting from $3.75 million.

[smartcode_project:default project_id=139032 project_image_fid=232296]

The development will offer a variety of unit configurations, including 54 one-bedroom units, 77 two-bedroom units, 12 three-bedroom units, and two four-bedroom penthouses on the 20th floor.

Kokoda Property collaborated with their long-term partners, Cottee Parker Architects, and Carr Design for the sub and master penthouse interior design.

A builder is expected to be announced in Q4 2023,&nbsp;with construction slated to commence in early 2024 and a target completion date in late 2025.

[smartcode_project_cta:default project_id=139032]

In true Brisbane style, where developers are focusing their amenity outside, Kokoda has located the majority of Ruby Ruby's amenities on the roof

A rooftop wellness retreat and a luxe cinema: Inside the facilities at Kokoda's Ruby Ruby apartments in Milton

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."

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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.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

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

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

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

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

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

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

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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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