Lucent Group has launched a new sustainable townhouse collection in Melbourne's inner-city suburb Northcote.

Lucent Group, led by Founder and Managing Director&nbsp;Panos Miltiadou, secured the 6,131 sqm site at 84-96 Bastings Street, located in the family-friendly Westgarth neighbourhood near Johnson Park, in 2021.

Since then they've been putting together plans for Bastings, just&nbsp;47 townhouses designed by Melbourne architecture firm Kavellaris Urban Design (KUD).

[smartcode_project:default project_id=134979 project_image_fid=231078]

The townhouses offer a mix of configurations, with two, three and four-bedrooms on offer across either two or three-levels.&nbsp;

Prices for the townhouses range&nbsp;from $1.38 million to $2.4 million.

Arranged in four rows on either side of a pedestrian boulevard off Bastings Street, one of the area's historic residential streets, all 47 townhomes are north-south aligned, with north-facing secluded private courtyards. Those along the fourth row also enjoy sweeping views of the city.

[smartcode_project:default project_id=134979 project_image_fid=231064]

Bastings Community is committed to achieving Operational Carbon Neutrality for at least a decade.&nbsp;Carbon neutrality means&nbsp;having a balance between emitting carbon and absorbing carbon from the atmosphere in carbon sinks.

KUD have ensured that Bastings is centred on creating a sustainable home and lifestyle for its future residents.

Sustainably sourced, environmentally responsible materials predominate throughout the two distinct interior schemes.

Each townhouse is equipped with a private lockable basement garage that offers up to 30 sqm of multipurpose space, along with provisions for hydronic heating and individual electric vehicle chargers.&nbsp;

[smartcode_project:default project_id=134979 project_image_fid=231075]

Maximised natural light access and cross-flow ventilation, as well as a minimum of six rooftop solar panels, are some of Bastings' key sustainable features.&nbsp;

Every other aspect of this sustainable design encourages connection, embraces individuality, and contributes in a meaningful way to its setting.

The development has a large centralised communal open space piazza to build a community amongst the residents.

Lucent's portfolio consists of mostly sold-out apartments across Melbourne. They've previously had success in Northcote's neighbouring Brunswick East, where they are currently construction the sold-out, 69-residence Stewart Collective.

Some of Lucent's other developments include boutique townhouse collections No. 121 Chomley Street in Prahran and the under-construction Slate House in Brighton.

[smartcode_project_cta:default project_id=134979]

Bastings comprises just 47 townhouses designed by Melbourne architecture firm Kavellaris Urban Design (KUD).

Joel Robinson

Lucent Group launch Northcote townhouse community, Bastings Street

As construction comes toward the pointy end of their sold out <a href="/developments/palm-beach-qld-4221">Palm Beach apartment development</a> Esplanade, veteran developer Pask Group has secured its next <a href="/developments/gold-coast-qld">Gold Coast apartment development</a> site.

They've grabbed a 1,012 sqm site at 216 Esplanade in Burleigh Heads, which came with approved plans for a luxury apartment development designed by Koichi Takada, who has put his stamp on the Burleigh Heads beachfront in recent years.

He first designed FORME's award-winning Goodwin Terrace apartment project The Norfolk, and the recently launched Isabel by Mosaic, which is just a few doors down from Pask's new project.

Nearly 18 months ago plans were filed for a 17-level tower then dubbed Palms. Just 28 half and full-floor apartments were signed off by the Gold Coast City Council in February.

<img alt="Koichi Takada back with new luxury Burleigh Heads apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-30_at_2.10.44_pm.png" />

The three-bed apartments, 23 of them, will start from 205 sqm&nbsp;internally, and the five four-bedroom apartments start from 411 sqm of living space across a full floor. They will have a butler's pantry in the kitchen, a second living space/rumpus room, and high-end wine storage.

The tower will be crowned with two two-level penthouses, with the 295 sqm half floor apartments on level one, with level two set to home a huge master suite, an outdoor dining terrace with built-in barbecue kitchen, a sun deck, and a private plunge pool.

The resident amenity is located on the&nbsp;second&nbsp;level, where there will be a resort-style pool with ice bath, hot tub, two saunas, and an outdoor shower. A lounge zone will meet a barbecue space, and toward the rear of the building is a gym with an outdoor space, and a yoga studio. A three-bedroom apartment is also located on this level, with its own plunge pool in a wrap around garden.

<img alt="Koichi Takada back with new luxury Burleigh Heads apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-30_at_2.17.08_pm.png" />

Takada says the development is inspired by its natural surroundings.

"216 The Esplanade is designed in homage to the coastal locale, with a sculptural form evocative of ocean waves and composed of materials that reference nature and the lifestyle aspect of Burleigh Heads," Takada wrote in the design statement in the development application.

<img alt="Koichi Takada back with new luxury Burleigh Heads apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-30_at_2.17.12_pm.png" />

"The distinctive design of the building and its sculptural features are intended to position the building as a landmark in this visually prominent location and in turn as a catalyst to encourage higher quality development ion the adjoining area."

Pask, founded by Nev Pask back in 1969 and currently ran by son Dean, are also preparing to launch 250 Albert Street, a striking collection of just 23 apartments in East Melbourne.

Exclusive: Pask Group secure next Gold Coast apartment development site

St Leonards is set to welcome one of its tallest towers, with Anson Group seeking to develop a 50-level tower right next to St Leonards train station.

They've submitted $187 million plans for a 173-metre tall tower at 617-621 Pacific Highway, bounded by&nbsp;Atchison Street, Pacific Highway and Christie Street. It will top JQZ 2022-completed tower 88 by JQZ, which is 157 metres tall.&nbsp;

The proposed mixed-use tower will home 195 apartments above six-level podium with retail and commercial floors, basement car parking for 72 cars, a new community and arts centre, and a mid-tower communal level. The project will neighbour Stockland's office tower which they are <a href="/news/stockland-plans-to-supersize-its-st-leonards-renewal-opportunity">seeking to redevelop into two 63 and 45-level towers</a>.

&nbsp;

<img alt="Christie" data-entity-type="file" data-entity-uuid="f7908389-50ce-410e-9a6b-cb06b5d810f1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-05%20at%207.00.36%20pm.png?VersionId=IN0x71vMGe_A40iQPx0dUmjDG_w3LGdB" />

Architecture firm BVN drew inspiration from New York's Flatiron building, suggesting it will be a "new market for St Leonards."

"Because of the site's unique geometry, there is opportunity to celebrate the site location and geometry. A 'flat-iron' building, which creates a unique building identity," BVN noted in their Architectural Design Report submitted to the North Sydney Council.

"The unique nature of the permissible envelope creates a unique and identifiable western facade where the building is one-apartment in width."

BVN said there are&nbsp;two key themes that strongly reflect their architecture - the materiality and landscape of the building.

"The facade colour palette takes inspiration from the colour of the clay-rich soil and Ashfield slate bedrock upon which the site sits, to create a visually grounded and warm appearance."

Over half of the apartments are two-bedrooms (104), while there are 36 one-bedders and 50 apartments with three-bedrooms or more.

<img alt="St Leonards" data-entity-type="file" data-entity-uuid="cba7ba99-c8ff-4db2-9ec1-9b64c43974f9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-05%20at%207.03.08%20pm.png?VersionId=_n9egSUF.g17aoU7R.grRD1QH22b4NjP" />

The Access Report report Argentum Group said the North Sydney&nbsp;Development Control Plan is 10 years old, and the apartment mix provision applies as a blanket approach across the entire LGA and thus not specific to the locality.

"As such it does not reflect the most current shift in lifestyle and market preference for apartment living and desire for additional bedrooms in St Leonards," they stated.

"This has been a consistent market direction over the last 5 years across Sydney.

They said the proposed mix has been designed to adapt to the change in apartment living preference, that has been accentuated post COVID lockdown period where there has been a shift to working from home and consequently the need for larger apartments with better spatial amenity are more desired."

At the top of the building is a two-level penthouse which BVN describes as a "multilevel crown".

"This provides a distinctive architectural profile to the tower. At these levels the glazing is profiled to match triangulated elements within the tower."

The resident amenity will be on the 24th level in the form of a swimming pool, spa, multipurpose room, and outdoor terraces.&nbsp;There's nearly 400 sqm of retail across and over 2,600 sqm commercial space.

There were a handful of pre-lodgement meetings with council after an initial design scheme was put together by fjmt.&nbsp;

The 1,062 sqm site is currently occupied by two mid-rise commercial buildings in a&nbsp;Modernist/Brutalist architectural style, dating back over four decades, with exposed concrete-aggregate finish.

BVN said the&nbsp;character of Pacific Highway, Atchison, and Christie Streets is in transition as a significant number of new developments have been delivered or are in design phase.

<img alt="Christie Street" data-entity-type="file" data-entity-uuid="df36ceb5-15a8-4f7b-ba34-8b5d0db3f1ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-05%20at%206.50.28%20pm.png?VersionId=Cl1xOf.891_G04fyYeWf0NvebLl72QFa" />

"The redevelopment of the site for a mixed use development will significantly improve the amenity of the surrounding area by delivering a mix of commercial, residential, retail, art, and community uses," BVN stated.

"The character of the proposal reflects its residential use and utilises strategies to introduce warmth/scale and connection from internal to external spaces. It provides opportunities to introduce planting and greenery. This signals a shift from the previous commercial context of St Leonards."

Last year Anson Group filed plans for a four-building, 200-apartment development in Sydney's&nbsp;Kensington.

&nbsp;

Read more:&nbsp;<a href="/news/nsw/first-look-anson-group-plot-mixed-use-kensington-development">First look: Anson Group plot mixed-use Kensington development</a>

They've submitted $187 million plans for a 173-metre tall tower at 617-621 Pacific Highway, bounded by Atchison Street, Pacific Highway and Christie Street

First look: St Leonards set for tallest tower as Anson Group file for mixed-use development

Design-driven developer <a href="/developers/neometro">Neometro</a> has revealed its latest project.

Their luxury <a href="/developments/south-yarra-vic-3141">South Yarra apartment development</a>, <a href="/new-apartments/49-walsh-street-south-yarra-49-walsh-street-south-yarra">49 Walsh Street</a>, has just 10 two, three and four-bedroom apartments within the heart of Melbourne’s iconic Domain Precinct bordering the Royal Botanic Gardens, the Tan, the Yarra River and the CBD.

This historically significant part of the city boasts some of Melbourne's most iconic architecture. MORQ, the design firm behind <a href="/new-apartments/49-walsh-street-south-yarra-49-walsh-street-south-yarra">49 Walsh Street</a>, aimed to harmonise the development with its historic surroundings with a design that is grounded in timeless architectural principles.

[smartcode_project:default project_id=141589 project_image_fid=229317]

“We strive to design buildings that stand outside of time, untethered to any singular era, style or place," MORQ Director Andrea Quagliola said.

"Buildings that get this right can’t be reduced to a movement, fashion or label. There’s a sense of restrained monumentality in their simplicity that feels eternal."

The development, marking Neometro’s most high-end work to date, draws inspiration from natural light, geometry, and materiality.

[smartcode_project:default project_id=141589 project_image_fid=229320]

The ground-floor apartments provide a sense of seclusion and a strong connection to nature, featuring private courtyards with abundant greenery, two bedrooms and private entrances.

On levels one and two, enveloped by a canopy of trees and bathed in dappled light, the apartments include spacious main bedrooms, butler's kitchens and dedicated entry halls.

All apartments have generous living areas, well-appointed kitchens, laundry areas, and outdoor cooking and dining spaces.

MORQ's work is distinguished by a deep connection to Rome's historical heritage and an appreciation for its enduring European architectural design adapted to a modern Australian context.

[smartcode_project:default project_id=141589 project_image_fid=229323]

Residents at <a href="/new-apartments/49-walsh-street-south-yarra-49-walsh-street-south-yarra">49 Walsh Street</a> will enjoy a well-rounded and convenient lifestyle, surrounded by natural beauty like the Royal Botanic Gardens, Yarra River, Fawkner Park, and Albert Park Lake. Urban amenities, such as the restaurants and cafes that line Toorak Rd, <a href="/developments/south-yarra-vic-3141">South Yarra</a> Station, and The Como Centre Shopping Mall, are within a 20-minute walk from the property.

This project marks MORQ's first multi-residential project in Melbourne. The majority of their portfolio comprises luxury houses in Italy, earning them numerous awards and international recognition.&nbsp;

Their Floeat, Perth house, Cloister House, received the Marshall Clifton Award for Residential Architecture at the WA Institute of Architecture Awards in 2019. Additionally, a house they designed in Noosa secured the Building of the Year award at the 2015 Sunshine Coast Regional Architecture Awards by the Australian Institute of Architects.

<a href="/developers/neometro">Neometro</a> have been at the forefront of forward-thinking development since 1985 when they were founded by Jeff Provan and Barry Ludlow, who from the outset had a focus on providing striking new apartment developments across Melbourne.

Apartments at <a href="/new-apartments/49-walsh-street-south-yarra-49-walsh-street-south-yarra">49 Walsh Street</a> start at $3.975 million, with an estimated completion date set for July 2025.

[smartcode_project_cta:default project_id=141589]

“We strive to design buildings that stand outside of time, untethered to any singular era, style or place," MORQ Director Andrea Quagliola said

Neometro reveal luxury South Yarra apartment development, 49 Walsh Street

Fresh of securing development approval, <a href="/new-apartments/eden-garden-residences-20-bauer-street-southport">Eden Garden Residences</a>, perfectly positioned between the Nerang River and Southport's shopping hub, has launched to the market.

The BDA Architecture-designed development on the northeast corner of Bauer Street and Chester Terrace comprises eight levels with just 54 apartments starting from $760,000.

&nbsp;

Eden's design is characterised by its minimalistic and contemporary features, including softly curved balconies and vertical blade walls that gracefully transition into curved podium planters at the base. The building's simple podium base allows for cascading landscapes to spill over the podium edge.&nbsp;

[smartcode_project:default project_id=136286 project_image_fid=228935]

The facade incorporates lightly textured face brick and a combination of coloured and rendered concrete, resulting in a warm and natural aesthetic that compliments surrounding homes in this desirable location.&nbsp;

The interiors are thoughtfully designed, featuring modern fixtures with a touch of coastal textures. Practicality combines with aesthetics to provide a luxurious yet functional living space with a serene ambience.

<a href="/new-apartments/eden-garden-residences-20-bauer-street-southport">Eden Garden Residences</a> offer integrated home offices, secure basement car parking, private balconies connected to modern interiors, ground-floor amenities, and a communal rooftop terrace providing a panoramic 270-degree view of the Gold Coast, Broadwater, and the city skyline.

[smartcode_project:default project_id=136286 project_image_fid=228937]

Known for its scenic waterways and family-friendly Broadwater parklands which has recently had a major injection of $42 million, <a href="/new-apartments/southport-qld-4215">Southport</a> is perfect for young couples or families to settle and enjoy a relaxed yet connected and convenient lifestyle.

The suburb is located approximately four kilometres north of Surfers Paradise and afforded efficient public transport right at Eden's doorstep, connecting the area to the wider Gold Coast.

<a href="/new-apartments/southport-qld-4215">Southport</a> boasts one of the largest advanced healthcare facilities in Queensland and is home to Griffith University, and prestigious private schools and childcare facilities a stone's throw away from the property.

&nbsp;

[smartcode_project:default project_id=136286 project_image_fid=228942]

The nearby Ferry Road Markets stand out as a prominent shopping destination, housing a variety of retailers offering fresh produce, gourmet foods, fashion, and homewares. Meanwhile, Gold Coast’s many beaches are only a short drive from <a href="/new-apartments/eden-garden-residences-20-bauer-street-southport">Eden</a>.

With an abundance of outdoor amenities, including golf courses, botanic gardens, and a world-class marina, this well-equipped suburb cultivates a wonderful sense of community.

<a href="/new-apartments/eden-garden-residences-20-bauer-street-southport">Eden Garden Residences</a> is estimated to be completed in late 2025.

[smartcode_project_cta:default project_id=136286]

The BDA Architecture-designed development on the northeast corner of Bauer Street and Chester Terrace comprises eight levels with just 54 apartments starting from $760,000

Eden Garden Residences: Gold Coast's newest apartment development launches in Southport

Sydney unit values are approaching new highs after CoreLogic's national Home Value Index showed another month of growth for apartments and townhouses in the harbour capital.

Values rose 0.6 per cent over October, taking Sydney's 2023 unit growth to eight per cent.

Despite the median unit value ($832,000) being over $200,000 more than the next most expensive capital city unit median (Melbourne, $615,000), Sydney units have proven to be one of the best performing unit markets in the country over the year, third only to Perth (+9 per cent) and Brisbane (+9.8 per cent).

CoreLogic's overall index has been tracking upwards since&nbsp;finding a trough in January when the market bottomed out after losses over 2022 when the RBA started its rate tightening cycle.

The trend in advertised stock levels remains a critical feature of the market influencing housing trends, CoreLogic Research Director Tim Lawless says.

"After 10 months of below-average vendor activity, the flow of new capital city listings has ramped up through winter and spring to be almost 12 per cent higher than a year ago," Lawless says.

"Although total listings (ie new listings plus relistings) remain lower than this time last year and below the previous five-year average, it is clear that inventory levels are rising."

Sydney's advertised stock levels are 9.3 per cent up through spring.

<h2>What's happening in Sydney's off the plan apartment market?</h2>

Supply has too been one of the leading contributors to the success in the off the plan apartment market for the majority of 2023.

While in October there were <a href="/news/nsw/five-development-applications-submitted-across-sydney-in-october-2023">some&nbsp;significant development applications submitted</a> which will assist in the supply moving forward, the number of new apartment projects coming to market has been critically low.

Agents across Sydney are reporting that each segment of the market is moving.

Colliers National Director Blake Schulze says there's appetite for luxury apartments, middle tier stock, and the more price pointed units.

Schulze says it's still a strong owner-occupier market, but investor activity has started to pick up. Not so much by way of increase enquiry however, more so a higher conversion from investor enquiry to sale than there has been in a while. The investor purchasing hasn't necessarily been on the most price pointed stock either.

"Investors have a more owner-occupier mindset now," Schulze says.

"They're looking forward to owning it as a short-term investment, but something they will reside in in the future."

[smartcode_project:default project_id=21170 project_image_fid=231163]

Most of the buyers Schulze and the Colliers team are working with are off the plan buyers for the first time.

"A number of buyers have been priced out of the housing market, and are now looking at apartments as a viable option, and that's all phases of life, whether it be young professionals, young families, or even established families.

"Traditionally the lifecycle of homeownership is that you'd move into an apartment when you're young, move out and buy a house, then maybe downsize and move back into an apartment in later life. Now however, if the apartment is set up right, particularly in a masterplanned, placemaking way with well curated amenity and lifestyle, then the middle phase of that cycle is conducive."

David Highland's Highland Property sold nearly $200 million worth of apartments off the plan in October across their portfolio, holding 2,300 buyer inspections, which he says is an important metric to track.

"It shows buyers are out there, and if not yet transacting, they're starting their journey to do so," Highland said.

Highland recently relaunched Nautique in Rushcutters Bay, the large scale apartment building in the harbourside suburb in 13 years.

[smartcode_project:default project_id=108896 project_image_fid=180670]

He said the launch gave them a good gauge of what's selling.

"The launch showed there's demand from every segment, with sales from the low $1 million's to $15 million, and everything in between."

Highland says the top end of the market is "incredibly strong."

"Anything over $10 million is selling quickly. There’s not enough stock for this market and we’re getting significant enquiry for this type of product from downsizers. The middle market and investment level are too buoyant given the lack of supply across the majority of Sydney."

[smartcode_project:default project_id=108896 project_image_fid=229979]

That's been the case over in nearby Elizabeth Bay where Toohey Millers' debut project has seen three out of the five full-floor apartments sales snapped up just a few weeks into the launch. Sales ranged between $8.25 million and $13 million.

CBRE Residential / Stewart Residential's Ben Stewart has been marketing No.1 Onslow Avenue, saying the project has resonated with a number of different buyers.

"While nearly all of the enquiry has come from downsizers, it's not necessarily all been localized," Stewart says, noting that wile Elizabeth Bay, Potts Point and the nearby harbourside suburbs domianted enquiry, there's been interest from the Lower North Shore too.

[smartcode_project:default project_id=141600 project_image_fid=219763]

Stewart puts the success down to the limited supply in an area like Elizabeth Bay. He's also grabbed a couple of sales at&nbsp;Eurangi, the new MH Design Union block of just eight apartment on Bondi Beach's dress circle Campbell Parade.

"Much like Elizabeth Bay, there's only even going to be a limited amount of supply in these premium suburbs, particularly on the streets either on the beach or the harbour."

Stewart is about to launch Muse Potts Point, the joint venture between Toohey Miller and Third.i just off Victoria Street.

[smartcode_project:default project_id=112613 project_image_fid=231686]

The 13 apartments, designed by WMK Architecture and Mathieson Architects, capture significant harbour views from the higher apartments in the Brougham Street building.

"The great thing about Potts Point is it appeals to such a diverse market," Stewart says.

"There's nothing like Potts Point anywhere else in Sydney. It's got cosmopolitan amenity with a food and restaurant lifestyle, by the way, and the convenience of being to walk into work while looking at the harbour."

Values rose 0.6 per cent over October, taking Sydney's 2023 unit growth to eight per cent

City Beat October 2023: All markets transacting in the Sydney off the plan apartment market

Family-owned, Gold Coast property developer <a href="/developers/lacey-group">Lacey Group</a> has completed its latest residential apartment project, the $36 million The Monroe Palm Beach.

All 33 apartments over nine storeys were sold prior to <a href="/news/qld/lacey-group-appoint-hutchinsons-to-build-sold-out-gold-coast-apartment-developments-the-monroe-and-del-ray">commencement of construction by Hutchinson Builders</a>.

“We are delighted to have delivered yet another collection of high-quality residences for our buyers who share our passion for this unique pocket of the Gold Coast,” <a href="/developers/lacey-group">Lacey Group</a> Director Adam Lacey said.

“Construction is officially complete, and we are starting to welcome residents to their new homes at The Monroe.”

<img alt="The Monroe" data-entity-type="file" data-entity-uuid="c531063d-eacc-4860-9155-522a6b4e7c98" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-01%20at%2011.41.29%20am.png?VersionId=qA.mPWWqB0quJgAHBig6EoBj.6BlZDrD" />

The Monroe marks Lacey Group’s third completed project on the Gold Coast, with Lacey Group now underway on the delivery of the sold-out Del Ray apartments at Kirra, which are on track for completion in early 2024.

"Construction on The Del Ray is ongoing, and we are also looking at further opportunities on the southern Gold Coast as these two projects come to fruition”, Lacey added.

[smartcode_project:default project_id=89711 project_image_fid=193834]

&nbsp;

In mid-2022 Lacey Group <a href="/news/qld/first-look-lacey-group-set-for-next-gold-coast-apartment-development">filed plans for a 28-apartment project</a> at 66 Pacific Parade in <a href="/developments/bilinga-qld-4225">Bilinga</a>.

The new 10-level tower has been designed by&nbsp;Plus Architecture&nbsp;on the block, on the corner of Pacific Parade and Archer Avenue, facing Joe Doniger Park and the beach.

<img alt="Lacey Group" data-entity-type="file" data-entity-uuid="34518537-0561-42f9-8c70-79e242cf78be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-01%20at%2011.57.56%20am.png?VersionId=B997RqCpm2pkNcOncDQwawGYFjqA3Ztg" /> 
The <a href="/developments/bilinga-qld-4225">Bilinga</a> building on 66 Pacific Parade. Image credit: Plus Architecture

Adam Lacey is a second generation Lacey in property development following in the footsteps of his father, surf lifesaver and developer Peter Lacey.

Adam Lacey founded Lacey Group in 2015 having previously been an executive at Sunland Group.

All 33 apartments over nine storeys were sold prior to commencement of construction by Hutchinson Builders

Lacey Group complete The Monroe, Palm Beach apartment development

Multi-billion dollar developer <a href="/developers/gurner">GURNERTM</a> – alongside joint venture partner Kennards Self Storage – has submitted plans to redevelop the Adelaide's former Australia Post site fronting Grote, Gouger and Blenheim Streets, into a world-class, $1b mixed-use precinct.

The plans will go before the State Commission Assessment Panel (SCAP) on Wednesday 8 November for consideration.

The proposed plans will deliver a new lifestyle destination for <a href="/developers/gurner">Adelaide</a>, one of Australia’s cultural epicentres. With a five-star hotel, 600 residential apartments, extensive retail, food &amp; beverage, wellness and recreation spaces, and a work club, the development is set to bring a new level of luxury to the city.

<img alt="Gurner" data-entity-type="file" data-entity-uuid="d1032ba2-a27c-4331-94b8-a82e14395df6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-02%20at%202.21.49%20pm.png?VersionId=T.lh5qDEmdx_ejSov47QquE7Frf3k1U3" />

The precinct has been designed with a long-time GURNERTM collaborator, Elenberg Fraser, who has previously designed some of the developer’s most iconic and successful projects being the multi- billion-dollar FV project in Brisbane and the award-winning 107 Cambridge Street in Collingwood.

The project will also become the new headquarters of Kennards in South Australia, and is set to boast retail space, self-storage units, as well as commercial and co-working spaces.

The proposed scheme includes: 
• Five world-class towers, luxury hotel and residential, ranging from 17 to 27 levels 
• A five-star 220 room hotel 
• Over 57,000sqm of residential floorspace featuring 600 apartments 
• 3,352sqm of destination retail, food &amp; beverage and 2,293sqm of commercial space 
• Over 3,000sqm premium recreation and wellness facilities 
• 513 car parks and 767 bike parking spaces for residents and visitors

In keeping with the Greener by <a href="/developers/gurner">GURNERTM</a> vision, the development features environmentally sustainable design to target a 5 Star Green Star Building certification, an inset energy network and a net-zero energy emissions outcome. With low cost, 100 percent renewable energy available, and an all-electric precinct, the development is set to be carbon neutral in operation.

The development is set to re-shape the Adelaide skyline and create a new landmark, celebrating lifestyle, wellness, local culture and the natural beauty of the Adelaide landscape, with each luxury tower surrounded by lush garden and extensive outdoor spaces.

Read more:&nbsp;<a href="/news/sa/gurner-to-develop-adelaide-super-site-into-125-billion-mixed-use-precinct">Gurner to develop Adelaide super site into $1.25 billion mixed-use precinct</a>

<img alt="Gurner" data-entity-type="file" data-entity-uuid="f9091485-ca25-42e7-9ac6-d7e7aa66e750" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-02%20at%202.21.45%20pm.png?VersionId=y7W7UMWFFUSjY4MSABkKDpTIhuN2PkUF" />

The public realm will be centred around a multi-level circular plaza, designed to embody the natural cenotes and landscape of South Australia, with hanging gardens, an atrium and a sky walk that allows visitors to cross the space above.

The port cochere will make for a grand entrance into the site, while the hotel component will sit atop a heritage façade as <a href="/developers/gurner">GURNERTM</a> continues its long-standing passion for retaining historical features, 
frameworks and floorplates.

The development signals a new era for the 1.7ha site, with the 24,000sqm six-level building originally constructed for Australia Post to sort and distribute mail near the CBD. The heritage features of the original facility have influenced Elenberg Fraser’s design, with the project set to pay homage to the original Australia Post site, whilst delivering a new level of amenity and lifestyle.

The inclusion of self-storage space alongside the <a href="/developers/gurner">GURNERTM</a> residences is a unique point-of- difference, particularly for downsizers looking to make the move to a new apartment residence from a large, furnished family home.

<img alt="Gurner" data-entity-type="file" data-entity-uuid="83b717fe-adde-4684-bf6a-9da2c4fe0340" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-02%20at%202.21.54%20pm.png?VersionId=V7iQhGIIlp2OD8X1y8LGxZzFcEau9crY" />

<a href="/developers/gurner">GURNERTM</a> CEO Tim Gurner said the first South Australian project is a significant milestone for <a href="/developers/gurner">GURNERTM</a>.

"We are extremely excited at the prospect of delivering an iconic Adelaide project that represents a never- before-seen level of luxury and amenity for the city," Gurner said.

“We are always looking for new opportunities to collaborate with remarkable partners. The combination of <a href="/developers/gurner">GURNERTM</a> and Kennards is incredibly unique and we look forward to working collaboratively with Sam and Kennards on the first of many projects together."

Gurner said the team have been profoundly inspired by the unique heritage features of the original site and the Adelaide city landscape.

"These existing elements have heavily influenced the project’s design features and the development represents a new and exciting chapter for the site."

Gurner says the&nbsp;world-class hotel and residential amenities, as well as state of the art retail, hospitality, health and wellness facilities, are reflective of their vision to create state-of-the-art spaces where people can live their best lives.

“We strive to ensure each project we create embraces the history of its setting, and draws inspiration from the world’s most fascinating cities. This project is no different, we have carefully considered the unique history of the site and its surrounds and used it as a platform to create something spectacular for future visitors to enjoy.

“As we’ve done with so many projects in the past, we’ll be retaining, restoring and celebrating the incredible heritage of the existing site, transforming the red brick façade into an amazing hotel lobby that will deliver a level of service and amenity not currently available."

The proposed plans will deliver a new lifestyle destination for Adelaide, one of Australia’s cultural epicentres



GURNER submits plans for $1 billion city-shaping Adelaide CBD project

A rare off the plan apartment development is heading for <a href="/developments/edgecliff-nsw-2027">Sydney's Edgecliff</a>.

The boutique project of just 11 apartments at 365 <a href="/developments/edgecliff-nsw-2027">Edgecliff</a> Road, is located just a stone's throw from <a href="/developments/edgecliff-nsw-2027">Edgecliff</a> Station, not far from <a href="/developments/double-bay-nsw-2028">Double Bay</a> village.

The plans are for just 11 apartments designed by Brian Meyerson's&nbsp;MHNDUnion, who said in their Design Verification Statement submitted to the Woollahra Council that the proposed density is consistent with the projected housing targets for the Woollahra LGA and consistent with surrounding apartment buildings.

<img alt="Edgecliff Road" data-entity-type="file" data-entity-uuid="407d60fe-d1fb-4d9b-b116-a11bb8cef8a5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-31%20at%203.33.23%20pm.png?VersionId=_u9Zc.cih2Yp7q2bbnhoQGKtjcQJFdzG" />

They said the building stock&nbsp;reflects the phases of development in <a href="/developments/edgecliff-nsw-2027">Edgecliff</a> from early Victorian estates and villas to post-war infill apartment blocks like the existing building at 365 <a href="/developments/edgecliff-nsw-2027">Edgecliff</a> Road.

"There are concentrations of heritage buildings on the slopes north of Ocean Street and around Cooper Park," the report read.

"Outside of these pockets, the suburb contains a diverse architectural mix of modest cottages, grand Victorian mansions, Interwar duplexes and walk-ups, and contemporary infill development."

The new xxx-level building will have two two-bedroom apartments and nine three-bedroom apartments. It will replace&nbsp;a three-storey brick residential building which was built in the early 1980s.

MHNDUnion says the building's form is&nbsp;contemporary, while seamlessly blending with the existing urban fabric, drawing inspiration from the juxtaposition of neighbouring structures, the serenity of the streetscape, and the overarching canopy of mature trees.

<img alt="Edgecliff Road" data-entity-type="file" data-entity-uuid="53154ec4-dc6f-4f5c-bbb1-0ee5e9f03f03" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-31%20at%203.33.27%20pm.png?VersionId=sEbUJqqBaWtkNHia..cYdc9U3Adenl_R" />

"The proposed apartment building exhibits a refined architectural language, underscored by context-aware design decisions, a considered material palette, and an emphasis on environmental integration.

"The development promises to be a commendable addition to the streetscape, enriching the urban fabric whilst catering to the needs and aspirations of its future inhabitants."

The apartment layouts are planned with dual north and south aspect, allowing for maximised solar access to living spaces and habitable rooms while maintaining primary outlook to the Harbour and city skyline.

All apartments are provided with large balconies or private open space, with optimised solar access and an outlook across extensive planting.

The development application was submitted by a Pyrmont-based, private Chinese developer.

&nbsp;

The boutique project of just 11 apartments at 365 Edgecliff Road, is located just a stone's throw from Edgecliff Station, not far from Double Bay village

Rare off the plan apartments planned for Sydney's Edgecliff

The Southbank site of the $2 billion twin mega-tower project <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK by Beulah</a> has been given a splash of colour before its impending demoltion.

The&nbsp;Beulah Foundation, the philanthropic arm of <a href="/new-apartments/melbourne-vic">Melbourne apartment</a> developer Beulah, had Melbourne-based artist George Rose paint the large-scale mural of Australian natives on the roof of the former BMW dealership.

The&nbsp;botanical display of bright colours including greens, purple and pinks celebrate a variety of Australian natives including Kangaroo Apple, Royal Bluebell, Beach Pea, Grevillea, Spider Orchid, and the Bush Pea.

Read more:&nbsp;<a href="/news/vic/multiplex-to-build-2-billion-sth-bnk-by-beulah-towers">Multiplex to build $2 billion STH BNK By Beulah towers</a>

<img alt="Sth Bnk" data-entity-type="file" data-entity-uuid="8b27d509-ec75-4153-b4de-f87e0fe388e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-01%20at%207.15.12%20pm.png?VersionId=fEx7m5MqL4UdQmf_1q9p0deIAyQZ0_Qd" />

George Rose’s work is known for exploring the fragility of nature, featuring endangered flora and fauna, and the transformation of the micro into macro-scale, with the BMW rooftop evident of her signature gradients.

The artwork aspires to promote art, well-being and sustainability, while advancing culture in and around the City of Melbourne.

The concept for the mural focused on rejuvenating the current site’s urbanscape and is complementary to the eye-catching Atong Atem mural that adorns the exterior of Hanover House, with both sites celebrating local female artists.

Read more:&nbsp;<a href="/news/vic/sth-bnk-by-beulah-to-become-australia-s-first-five-minute-vertical-city">STH BNK By Beulah to become Australia’s first ‘five-minute vertical city’</a>

[smartcode_project:default project_id=8804 project_image_fid=221160]

Beulah Director Adelene Teh said the Beulah Foundation is thrilled to partner with George Rose, and looks forward to seeing the positive impact the artwork will have on the surrounding community.

“Melbourne is known as the cultural capital of Australia, famous for its rich and vibrant arts and culture scene; both of these murals will help activate Melbourne as a vibrant 24/7 city, while celebrating local female artists as well,” Teh said.

Both Hanover House and the former BMW site will be the future home to the <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK By Beulah</a>, a vertically integrated city within a city that will offer world-class retail, a comprehensive wellness precinct, a residential offering, a childcare centre, extensive green spaces including rooftop gardens and pocket parks dotted throughout, as well as an innovative cultural centre in partnership with Centre Pompidou, which has the largest collection of modern and contemporary art in Europe.

[smartcode_project_cta:default project_id=8804]

The artwork aspires to promote art, well-being and sustainability, while advancing culture in and around the City of Melbourne

Beulah have Southbank's former BMW site painted before STH BNK by Beulah construction starts

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

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

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

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

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

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

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

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

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

Joel Robinson

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