MRCB International have racked up $120 million worth of sales at their maiden <a href="/new-apartments/gold-coast-qld">Gold Coast apartment development</a>, <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>, in eight months.

The 51-level, DBI-designed <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise apartment project</a>, which won Queensland's Best Lifestyle Development at the&nbsp;PropertyGuru Awards last month, has been attracting interest from local downsizers to interstate investors.

26 Vista’s sales agent, Urban Activation Director Matt George, said the project's success is primarily due to the limited supply and sustained demand for premium properties like <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>.

“We have seen <a href="/news/qld/interstate-sea-changers-drive-strong-sales-at-26-vista-surfers-paradise-apartments">strong demand from interstate buyers</a> that are seeking a premium investment opportunity, who want the flexibility to utilise the property when visiting the Gold Coast, with the long term plan to spend more time here in the future," George says.

“As we get closer to breaking ground on site, we’ve started to see a surge in local down-sizer enquiries, with a range of larger three and four-bedroom apartments capturing panoramic views over the Gold Coast."

[smartcode_project:default project_id=112730 project_image_fid=208888]

Read more:&nbsp;<a href="/news/qld/26-vista-to-home-the-gold-coasts-highest-resident-sky-pool">26 Vista to home the Gold Coast's highest resident sky pool</a>

George says buyers are also&nbsp;seeing value in the beachside location, which is centrally positioned to the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> sitting directly above the Northcliffe tram station, allowing residents to easily commute across the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>.

“For a building of this scale, 26 Vista’s level of finish is yet to be seen here on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>, and there’s a strong emphasis on sustainable living throughout the design, meaning the building is future-proofed for generations to come,” George added.

[smartcode_project:default project_id=112730 project_image_fid=211250]

Read more:&nbsp;<a href="/news/qld/mrcb-and-outbound-team-up-for-ev-car-sharing-partnership-in-gold-coast-first">MRCB and Outbound team up for EV car sharing partnership in Gold Coast first</a>

MRCB International CEO, Ravi Krishnan said 26 Vista's remarkable sales achievement serves as a testament to the developer’s unwavering commitment to excellence in property.

“We have continually sought to raise the bar for residential design within the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>, and <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> is a reflection of this,"&nbsp;Krishnan said.

"It is set to become one of the greenest towers within the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> in terms of sustainability, yet still puts luxury and high-end finishes front and centre."

Krishnan says the strong sales achieved to date are synonymous with creating a product that meets the market needs; there is more emphasis on sustainability, wellbeing and space.

"Reaching this significant milestone means we are inching even closer to appointing a builder and bringing this project to life."

[smartcode_project_cta:default project_id=112730]

26 Vista’s sales agent, Urban Activation Director Matt George, said the project's success is primarily due to the limited supply and sustained demand for premium properties like 26 Vista on the Gold Coast

Joel Robinson

MRCB's 26 Vista, Surfers Paradise apartment development, secures $120 million in sales in eight months

It looks like Nineteen First Avenue, the luxury <a href="/developments/broadbeach-qld-4218">Broadbeach apartment development</a> by Amansi Projects, is back on.

Amansi, led by local developer Ayrton Mansi, looks to be going ahead with the project, appointing large scale builder Promax to handle the construction.

The Plus Architecture-designed, 37-level tower with just 33 full floor apartments and a two-level penthouse, had initially launched to the market just over 12 months ago.

Each apartment will span 280 sqm of internal floor space, with the balcony taking the total to 300 sqm. They will have three ensuited bedrooms, a multi-purpose room, and a study. There's also two parking spaces per apartment. Prices start from just under $3 million, a price which is expected to increase as construction gets closer.

The apartments feature timber flooring, stone benchtops, brushed nickel tapware, feature lighting, V-Zug appliances and&nbsp;smart home automation.

<img alt="Amansi" data-entity-type="file" data-entity-uuid="b568ba89-d69d-4fc3-9437-407e70118b15" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-01%20at%201.40.28%20pm.png?VersionId=CERZD_akbimgr6jdQCRu9G27KiYwd78u" />

The customisable 527 sqm, two-level penthouse offers four bedrooms, two multi-purpose rooms, and its own private terrace with a sunken lounge with firepit and a swimming pool.

Mansi says residents will experience the best of&nbsp;both worlds at Nineteen.

"You're close enough to all the amenities of which Broadbeach and Surfers Paradise have to offer, without living in the busy city centre", Mansi says.&nbsp;

“The position and aspect of the site inspired the design direction, resulting in a very special, one-of-a-kind, project that would be very hard to replicate on any other site in the surrounding areas.”

Mansi says the project was designed to meet the needs of the downsizing market from the surrounding local suburbs and interstate buyers looking for a luxurious, owner-occupier apartment with all the facilities and amenities to match.

Nineteen will have two levels of resident’s recreation and amenity, featuring a resort style pool and spa, a gymnasium, sauna and steam room and barbeque areas. Designed for modern living, residents will also have exclusive access to work-from-home suites and a boardroom, with a community lounge and library.

Full floor apartments start from $3.1 million.

The Plus Architecture-designed, 37-level tower with just 33 full floor apartments and a two-level penthouse, had initially launched to the market just over 12 months ago

Amansi Projects revives luxury Broadbeach apartment development, appoints builder

Sydney's off the plan supply pipeline was bolstered in October with a number of major developments submitted to council.

Over 500 apartments were lodged in five projects alone, from&nbsp;the city's inner-ring to the harbour and north of the bridge.

We've rounded up the most interesting development applications submitted in October across Sydney.

<h2>Developer: Mirvac</h2>

<h2>Address:&nbsp;&nbsp;960A Bourke Street, Zetland</h2>

<h2>Proposal: Three towers, 260 apartments</h2>

Right at the start of the month, ASX-listed developer <a href="/developers/mirvac">Mirvac</a> revealed plans for the next stage of their Green Square redevelopment in Zetland.

They <a href="/new-apartments/960a-bourke-street-zetland">submitted plans for three towers</a>, two designed&nbsp;by&nbsp;Tzannes&nbsp;Architects and one designed by&nbsp;<a href="/architects/bates-smart" target="">Bates Smart</a>, both in collaboration with&nbsp;<a href="/developers/mirvac" target="_blank">Mirvac</a>'s in house design team.

<img alt="Mirvac" data-entity-type="file" data-entity-uuid="211ffa79-dd19-47d6-b567-ac80302d8363" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-31%20at%204.17.33%20pm.png?VersionId=PnFjW.RtJ9fpFeENKcCmgJgh3jN2rKl2" />

The amalgamated 3,688 sqm block, referred to as Site 7, Site 17 and Site 18, will flank the Green Square central plaza, opposite the Green Square Library and the Green Square Train Station and next door the the award-winning completed residential development Infinity by Crown Group.

<a href="/developers/mirvac">Mirvac</a> has proposed 260 apartments above significant office tenancies and a retail plaza.

Read more:&nbsp;<a href="/news/nsw/first-look-mirvac-continue-green-square-transformation-with-three-tower-mixed-use-development">First look: Mirvac continue Green Square transformation with three-tower mixed-use development</a>

<h2>Developer: Polytec Australia</h2>

<h2>Address:&nbsp;629-637 Pacific Highway, Chatswood</h2>

<h2>Proposal: 27-level tower, 53 apartments</h2>

On the other side of the bridge in <a href="/developments/chatswood-nsw-2067">Chatswood</a>, Polytec Australia Development, an entity with directors associated with the listed Hong Kong property developer Kowloon Development Company, is seeking to create <a href="/new-apartments/629-639-pacific-highway-chatswood">large-scale apartments across a 27-level tower</a>.

The tower, designed by PBD, will have just&nbsp;53 apartments on a 1,184 sqm block at&nbsp;<a href="/new-apartments/629-639-pacific-highway-chatswood">629-637 Pacific Highway</a> which is currently occupied by&nbsp;two buildings both in use as separate car service and repair businesses.

<img alt="Chatswood" data-entity-type="file" data-entity-uuid="22cd1373-cfb1-494e-a885-5d6437ebe369" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-31%20at%204.24.59%20pm.png?VersionId=Hksn3giN1o77ZOQQJtUDouwnz5OSCciP" />

The tower will comprise two one-bedroom apartments, 22 two-bedrooms, 28 three-bed units, and a sole four-bedroom apartment, the penthouse.

The site is&nbsp;located around 550 metres south of the <a href="/developments/chatswood-nsw-2067">Chatswood</a> transport interchange with access to metro, rail, and bus services, while also being just 750 metres from <a href="/developments/chatswood-nsw-2067">Chatwood's central retail precinct.</a>

Read more:&nbsp;<a href="/news/nsw/first-look-chatswood-off-the-plan-apartment-development-pipeline-ramps-up">First look: Chatswood off the plan apartment development pipeline ramps up</a>

<h2>Developer: Billbergia</h2>

<h2>Address: 9-13 Blaxland Road, Rhodes</h2>

<h2>Proposal:&nbsp;37-level tower, 244 apartments</h2>

<a href="/developers/billbergia">Billbergia</a> is set to continue its development of the waterside suburb Rhodes with its latest tower which has sustainability front of mind.

The plans with Canada Bay Council are for a 37-level, 244-apartment tower at&nbsp;9-13 Blaxland Road.

The proposed new tower features a striking slender form designed by architects GroupGSA in collaboration with Singaporean landscape studio Salad Dressing - whose exterior design concept earned them first place in a design excellence competition for the site.

<img alt="Billbergia" data-entity-type="file" data-entity-uuid="485b092a-ecb8-40c8-bcb2-ad9470e1b2c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-01%20at%2010.10.08%20am.png?VersionId=i2W_L1ILJ40dRYdc4znslLu0ODjQ9J9." />

Aligned with the principles of the Rhodes Place Strategy, the proposed new tower sits within the&nbsp;<a href="/developments/rhodes-nsw-2138">Rhodes</a>&nbsp;Station Gateway East precinct that was rezoned by NSW State Government in 2021 following extensive community consultation.

<a href="/developers/billbergia">Billbergia</a>&nbsp;are no strangers to&nbsp;<a href="/developments/rhodes-nsw-2138">Rhodes</a>. They're currently&nbsp;developing a new $70 million community recreation centre and childcare centre and have delivered the&nbsp;<a href="/developments/rhodes-nsw-2138">Rhodes</a>&nbsp;Central Shopping Centre, the 1.2-hectare Phoenix Park and the 330 metre Bennelong Bridge from Rhodes to Wentworth Point.

Read more:&nbsp;<a href="/news/nsw/billbergia-file-for-sustainable-rhodes-apartment-development">Billbergia file for sustainable Rhodes apartment development</a>

<h2>Developer: PERIFA &amp; Abadeen</h2>

<h2>Address: 20 Waterview Street, Putney</h2>

<h2>Proposal:&nbsp;67 apartments and townhouses</h2>

Newly launched Sydney-based development company PERIFA is teaming up with established developer <a href="/developers/abadeen-group">Abadeen</a> to create a 15,870 sqm waterfront precinct in&nbsp;<a href="/developments/putney-nsw-2112">Putney</a>.

The 20 Waterview Street project, dubbed <a href="/new-apartments/putney-wharf-residences-20-waterview-street-putney">Pier 20</a>, is set to see the Halvorsen’s boatshed refurbished to create a waterfront dining and commercial precinct, two three-level apartment buildings constructed, 18 three-level townhouses, and a 36-berth marina.

<a data-entity-type="file" data-entity-uuid="ad35eddf-3c2d-4ad4-b555-aeab98e76797" href="/new-apartments/putney-wharf-residences-20-waterview-street-putney"><img alt="Putney" data-entity-type="file" data-entity-uuid="ad35eddf-3c2d-4ad4-b555-aeab98e76797" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-01%20at%2010.14.17%20am.png?VersionId=9V3izdEGBDZ5lKWOn2Wa8UQO6TzVIchf" /></a>

Within close proximity to&nbsp;<a href="/developments/putney-nsw-2112">Putney</a>&nbsp;Village, <a href="/new-apartments/putney-wharf-residences-20-waterview-street-putney">Pier 20</a> offers immediate access to major retail amenities and on-foot access to ferry stops, trainlines and local parks.

Pier 20 is expected to be completed by FY27, with a total development cost of $240 million.

Read more:&nbsp;<a href="/news/nsw/perifa-and-abadeen-to-create-putney-waterfront-precinct-putney-wharf-residences">PERIFA and Abadeen to create Putney waterfront precinct, Pier 20</a>

<h2>Developer: Third.i</h2>

<h2>Address: 477, 479, 491-495 Pacific Highway</h2>

<h2>Proposal: 131 apartments</h2>

Third.i and joint venture partner Phoenix Property Investors has submitted plans for 131 apartments, <a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Hume Place</a>,&nbsp;their <a href="/new-apartments/crows-nest-nsw-2065">Crows Nest</a> Metro over-station project.

They'll be dedicating 15 per cent of the apartments to&nbsp;nurses, midwives, health professional and services staff working at nearby Royal North Shore (RNS) Hospital and other local health facilities.

<img alt="Third.I" data-entity-type="file" data-entity-uuid="31ee09b7-7fc1-45aa-a75c-284503324e80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-01%20at%2012.36.23%20pm.png?VersionId=piZ_kFQDqIPDnl0MpCMbj4IYzo42XKiI" />

Third.i and PPI have already been granted Stage 1 approval for the Metro Precinct (Site A and B) development, but due to a decreased demand for office space, the urgent need for additional residential density in the LGA and in line with the Minns Government’s commitment to increasing the low supply of affordable housing, Third.i and PPI are proposing to amend the concept SSD for Site A for mixed-use, which includes a mix of affordable housing, private residential, retail, and commercial floor space.

Read more:&nbsp;<a href="/news/nsw/third-i-to-offer-affordable-housing-to-frontline-workers-at-crows-nest-over-station-development-hume-place">Third.i to offer affordable housing to frontline workers at Crows Nest over-station development Hume Place</a>

Over 500 apartments were lodged in five projects alone, from the city's inner-ring to the harbour and north of the bridge

Five development applications submitted across Sydney in October 2023

The well documented troubling supply levels in Melbourne's unit market improved a touch in October, with a handful of apartment and townhouse developments hitting the market.

While still only a small subset of the some unit supply gap which is <a href="/news/vic/melbourne-off-the-plan-apartment-values-could-spike-25-per-cent-charter-keck-cramer">forecast to be around 7,900 units by 2025 according to Charter Keck Cramer</a>, the new projects at least bring prospective buyers a different option when looking at the off the plan market.

We've taken a look at six projects which were launched in October.

<h2>Project: Motif, Geelong</h2>

<h2>Developer: DM Property</h2>

<h2>Prices: From $480,000</h2>

DM Property's much anticipated <a href="/new-apartments/motif-geelong-1-york-street-geelong-vic-3220">Motif Geelong apartment development</a>, only the second notable <a href="/developments/geelong-vic-3220">off the plan apartment development in the coastal city</a>, flew off the shelves when it launched in mid-October.

Every type of buyer, from first home buyers to downsizers and even investors grabbed apartments in the five-level, Rothelowman-designed building on York Street, just 100 metres from the beach.

[smartcode_project:default project_id=136615 project_image_fid=222936]

Over 35 per cent of the 129 apartments have already been sold.&nbsp;There are one, two and three-bedroom apartments on offer, with prices starting from under $500,000.

Read more:&nbsp;<a href="/news/vic/motif-geelong-apartment-sales-rocket-on-launch">Motif Geelong apartment sales rocket on launch</a>

<h2>Project: Banksia, Cheltenham</h2>

<h2>Developer: Shenfield Property</h2>

<h2>Prices: From $595,000</h2>

Prominent developer&nbsp;<a href="/developers/shenfield-property" target="">Shenfield Property</a>&nbsp;revealed its latest Bayside apartment project <a href="/new-apartments/banksia-cheltenham-216-226-charman-road-cheltenham">Banksia</a>, in the heart of <a href="/new-apartments/cheltenham-vic-3192">Cheltenham Village</a>.

The mixed-use development will comprise just 29 one, two and three-bedroom apartments above street level commercial, retail and dining tenancies.

[smartcode_project:default project_id=5518 project_image_fid=229827]

Designed by Brayshaw Architects, the off the plan development delivers a sophisticated blend of stylish modern living, quality construction and environmentally efficient design.

The residences feature flexible floor plans, complemented by a landscaped private outdoor area.

Read more:&nbsp;<a href="/news/vic/shenfield-reveal-new-cheltenham-apartment-development-banksia">Shenfield reveal new Cheltenham apartment development, Banksia</a>

<h2>Project: Marlu, Hampton</h2>

<h2>Developer: Thomas Constructions</h2>

<h2>Prices: From $2.85 million&nbsp;</h2>

<a href="/new-townhouses/marlu-hampton-29-service-street-hampton">Marlu</a> is one of the only new townhouse developments to hit the market in October in Melbourne.

Thomas Construction are behind the collection of just seven three-bedroom townhouses located on Hampton's Service Street, which is lined with&nbsp;heritage buildings, each holding stories of significance and displaying artful craftsmanship.

[smartcode_project:default project_id=140140 project_image_fid=219620]

Drawing inspiration from the neighbouring heritage, <a href="/new-townhouses/marlu-hampton-29-service-street-hampton">Marlu</a> will pay homage to its surroundings while infusing a contemporary appeal.

Read more:&nbsp;<a href="/news/vic/shenfield-reveal-new-cheltenham-apartment-development-banksia">A fusion of heritage and contemporary charm: Marlu Hampton townhouses launch</a>

<h2>Project: Linacre Rise</h2>

<h2>Developer: Wickton</h2>

<h2>Prices: From $1,275,000</h2>

Bespoke&nbsp;<a href="/developments?title=VIC">Melbourne apartment</a>&nbsp;developer Wickton has launched its newest project.

<a href="/new-apartments/linacre-rise-hampton-8-10-linacre-road-hampton">Linacre Rise</a>, in&nbsp;<a href="/developments/hampton-vic-3188">Hampton</a>, will feature just 27 two and three-bedroom apartments at&nbsp;8-10&nbsp;Linacre Road, next to Linacre Private Hospital and a few hundred metres from Peace Park,&nbsp;<a href="/developments/sandringham-vic-3191">Sandringham</a>&nbsp;Golf Club and&nbsp;<a href="/developments/sandringham-vic-3191">Sandringham</a>&nbsp;Beach.

[smartcode_project:default project_id=95289 project_image_fid=229694]

Architecture firm&nbsp;<a href="/news/steller-and-ewert-leaf-combine-for-a-reworked-south-melbourne-apartment-tower" target="">Ewert Leaf</a>&nbsp;has designed the low-rise project which will sit in landscaping by&nbsp;<a href="/landscape-architect/john-patrick-landscape-architects">John Patrick</a>&nbsp;Landscape Design.

<a href="/news/steller-and-ewert-leaf-combine-for-a-reworked-south-melbourne-apartment-tower" target="">Ewert Leaf</a>&nbsp;said their aim was to create a living environment that exudes openness, brightness and an elevated aesthetic that will also stand the test of time.

Read more:&nbsp;<a href="/news/vic/wickton-launch-new-hampton-apartment-development-linacre-rise">Wickton launch new Hampton apartment development, Linacre Rise</a>

<h2>Project: GENOA Residence, Moorabbin</h2>

<h2>Developer: Buildkomm</h2>

<h2>Prices: From $449,000</h2>

Builder developer Buildkomm has officially launched <a href="/buildings/29-37-genoa-street-moorabbin">GENOA Residence</a> in <a href="/new-apartments/moorabbin-vic-3189">Moorabbin</a>, only a few months before construction is set to conclude.

<a href="/buildings/29-37-genoa-street-moorabbin">GENOA Residence</a> comprises 33 one, two and three-bedroom apartments across a five-level, low-rise building, located in the heart of the <a href="/new-apartments/moorabbin-vic-3189">Bayside neighbourhood's lively retail centre</a>.

[smartcode_project:default project_id=137028 project_image_fid=226730]

The new development, designed by BK World, offers various apartment sizes and layouts which will likely cater to both young professionals and families.

Families will be particularly interested in the project given it's just two streets away from Southmoor Primary School.

Read more:&nbsp;<a href="/news/vic/buildkomm-launches-genoa-residence-in-moorabbin-ahead-of-christmas-completion">Buildkomm launches GENOA Residence in Moorabbin ahead of Christmas completion</a>

<h2>Project: Kallara House, Parkdale</h2>

<h2>Developer: Lowe Living</h2>

<h2>Prices: From $660,000</h2>

Technically not launched yet is&nbsp;<a href="/developers/lowe-living">Lowe Living's</a> latest <a href="/new-apartments/parkdale-vic-3195">Parkdale apartment development</a>, Kallara House.

The prominent builder developer has revealed Kallara House,&nbsp;a collection of 33 apartments in the coastal suburb&nbsp;<a href="/new-townhouses/parkdale-vic-3195">Parkdale</a>, just south of Bayside. They've had&nbsp;<a href="/architects/warren-and-mahoney" target="">Warren and Mahoney</a>&nbsp;design the project at&nbsp;127-137&nbsp;<a href="/new-apartments/32-34-como-parade-mentone">Como Parade</a>&nbsp;East, which will sit in landscaping by&nbsp;Vivid Green Landscapes.

<img alt="Kallara House" data-entity-type="file" data-entity-uuid="735c2206-6f24-4745-b29d-16a1a0300175" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-31%20at%202.28.32%20pm.png?VersionId=omHdKt8ghlCT10uRe3d2X1z5E0D5yRXV" />

<a href="/architects/warren-and-mahoney" target="">Warren and Mahoney</a>&nbsp;drew inspiration for&nbsp;Kallara House&nbsp;from&nbsp;<a href="/new-townhouses/parkdale-vic-3195">Parkdale</a>'s tea-tree roots. It pays homage to the area's rich natural formations and coveted coastal tempo. With a commitment to functional luxury, these apartments seamlessly blend coastal allure and modern living, redefining the essence of seaside luxury.

Prices for the one, two and three-bedroom apartments start from $660,000.

Read more:&nbsp;<a href="/news/vic/lowe-living-reveal-parkdale-apartment-development-kallara-house">Lowe Living reveal Parkdale apartment development, Kallara House</a>

The well documented troubling supply levels in Melbourne's unit market improved a touch in October, with a handful of apartment and townhouse developments hitting the market

Six Melbourne off the plan developments launch in October

Melbourne apartment builder developer Lowe Living has revealed its latest apartment development.

They're soon to launch Kallara House, a collection of just 33 apartments in the coastal suburb Parkdale, just south of Bayside. They've had Warren and Mahoney design the project at&nbsp;127-137 Como Parade East, which will sit in landscaping by&nbsp;Vivid Green Landscapes.

Warren and Mahoney drew inspiration for&nbsp;Kallara House&nbsp;from Parkdale's tea-tree roots. It pays homage to the area's rich natural formations and coveted coastal tempo. With a commitment to functional luxury, these apartments seamlessly blend coastal allure and modern living, redefining the essence of seaside luxury.

Prices for the one, two and three-bedroom apartments start from $660,000.

Kallara House is located just a stone's throw from Parkdale Station, which makes the commute to the city in around 40 minutes. It's also less than a kilometre from Parkdale Beach and Parkdale Yacht Club.

Lowe Living, led by Founder and Manging Director Tim Lowe, have previous experience in Parkdale. Earlier this year they completed Topaz, their 22-apartment project less than a kilometre away from&nbsp;Kallara House.

Predominantly operating in Bayside, Lowe Living are currently marketing Sera in Brighton, a boutique 13-apartment development, and Oceano in Hampton, which has just nine apartments. There's also Larnook in Armadale which is approaching construction completion I THINK, and&nbsp;

They have two more projects upcoming. One is Emerald Place, their mixed-use apartment and office development on South Melbourne's Clarendon Street, while the other is <a href="/news/vic/first-look-exclusive-lowe-living-set-for-sandringham-apartments-miramar">24-apartments in Sandringham</a>.

They've had Warren and Mahoney design the project at 127-137 Como Parade East, which will sit in landscaping by Vivid Green Landscapes

Lowe Living reveal Parkdale apartment development, Kallara House 

After a strong run of sales since its launch earlier this year, veteran Bondi Junction developer Stargate Property has kicked off construction of its much anticipated double-tower project, The Centennial Collection.

On the fringe of Centennial Park, The Centennial Collection comprises just 73 one, two and three-bedroom apartments across two 10-level buildings designed by SJB.

The first release of the apartments earlier in the year were snapped up in a matter of weeks, part due to the architectural designs by SJB, part due to the rarity of a new project so close to the convenience of Bondi Junction, the beauty of Centennial Park, and the vibrancy of Woollahra's Queen Street.

[smartcode_project:default project_id=136076 project_image_fid=212628]

Stargate's internal construction arm has started the early works on the site set at the quiet end of Oxford Street, closer to Sydney's best park than it is to Bondi Junction Westfield. Stargate are targeting a late 2025 completion date.

Stargate spent years working with the local council and the local community to create a project which sits within its context but also provides a striking new addition to what's come before it. The Waverley Council even undertook a design excellence competition, the first design excellence competition the council has ever held.

Renowned architecture firm SJB were awarded the project.&nbsp;SJB Director Adam Haddow described The Centennial Collection as "a castle high on the hill”.

[smartcode_project:default project_id=136076 project_image_fid=212620]

The majority of buyers have local, although&nbsp;Ray White Projects Partner Marcello Bo says there have been a few outliers.

"While Woollahra, Paddington, Bondi Junction and really any suburb within a two or three kilometre radius have secured an apartments, we've also had purchasers who are coming from the Lower North Shore," Bo says.

Prices start from $1.35 million for the one-bedroom apartments, $2.55 million for the two-bedders, which come with parking, and $3.75 million for the three-bedroom apartments.

&nbsp;

<img alt="RAy White" data-entity-type="file" data-entity-uuid="9dcf0edb-3bd2-4335-aa0b-cf416d22ec9c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-01%20at%208.51.29%20am.png?VersionId=Xd1myx9ms6aS0svBAvOv7zPBO6wePdku" />

Crowning the project are two house-sized penthouses, yet to be launched, with their own rooftop terraces with swimming pools and harbour views.

Communal facilities in the building will include a rooftop pool with outdoor dining and entertaining spaces as well as an indoor ‘winter’ pool. There's also a concierge, cold and dry goods delivery rooms and a wellness hub including a cardio and personal training area. The ground floor of the two buildings will home food and beverage options.

[smartcode_project_cta:default project_id=136076]

On the fringe of Centennial Park, The Centennial Collection comprises just 73 one, two and three-bedroom apartments across two 10-level buildings designed by SJB

Construction starts on Stargate's Centennial Collection on Sydney's best park

Developer Justice Fox Property Group is set to bring a new apartment development to Lake Cathie on the New South Wales Mid North Coast, the likes of which the coastal suburb hasn't seen before.

The project, dubbed&nbsp;The Pacific at Catarina Beachfront Estate, near Middle Rock Beach, will comprise just 41 two and three-bedroom apartments, including four penthouses.

The Pacific is the first release at Catarina Estate – the foundation of what will become a vibrant beachside community. With a masterplan meticulously crafted for the Lake Cathie region, Catarina Estate treads lightly on the landscape and provides an intrinsic link to the natural surrounds.

[smartcode_project:default project_id=141793 project_image_fid=220420]

The Pacific responds to its unique location in one of Lake Cathie's relatively untouched enclaves with a design that is meticulous, considered and engaging.

The architects ELK Architecture have embraced light and the ocean as design elements, interpreting its many moods as the seasons change.

The kitchens feature 40mm stone benchtops and Travertine tiles, while the bathrooms and ensuites feature premium fittings and free-standing tubs. Every apartment opens to expansive outdoor terraces.

[smartcode_project:default project_id=141793 project_image_fid=220427]

"The Pacific’s residences, and indeed the entire Catarina Estate, are designed for their owners to extract the very essence of beauty from this remarkable part of the NSW Central North Coastline," ELK Architecture Director Daniel Hadley says.

"Our goal was to intrinsically link the flow and curve of the built form to the natural."

The sprawling penthouses range in size up to 339 sqm of internal and external living spaces.

The Pacific is the most prominent of the 16 buildings planned for Catarina Estate. There's a future retail precinct planned with cafes, shops, and hospitality venues, as well as conference facilities, a function centre, a pub and a gym.

Lake Cathie is located on the Mid North Coast, around 15-minutes from Port Macquarie.

Developer Justice Fox Property Group have extensive experience developing by the water. They've previously completed projects in Eden on the NSW South Coast and Gerroa near Kiama.

[smartcode_project_cta:default project_id=141793]

The project, dubbed The Pacific at Catarina Beachfront Estate, near Middle Rock Beach, will comprise just 41 two and three-bedroom apartments, including four penthouses

Lake Cathie apartment development The Pacific at Catarina Beachfront Estate launched

Bespoke <a href="/developments?title=VIC">Melbourne apartment</a> developer Wickton has launched its newest project.

<a href="/new-apartments/linacre-rise-hampton-8-10-linacre-road-hampton">Linacre Rise</a>, in <a href="/developments/hampton-vic-3188">Hampton</a>, will feature just 27 two and three-bedroom apartments at&nbsp;8-10 Linacre Road, next to Linacre Private Hospital and a few hundred metres from Peace Park, <a href="/developments/sandringham-vic-3191">Sandringham</a> Golf Club and <a href="/developments/sandringham-vic-3191">Sandringham</a> Beach.

Architecture firm Ewert Leaf has designed the low-rise project which will sit in landscaping by John Patrick Landscape Design.

Ewert Leaf said their aim was to create a living environment that exudes openness, brightness and an elevated aesthetic that will also stand the test of time.

"Capitalising on a location in one of Hampton’s highest areas, each residence at Linacre Rise has been carefully designed to capture superb views in every direction. Here, among the calm of a peaceful leafy boulevard, you can relax and recharge, with everything you love about Hampton close by," the architecture firm said.

They said the architecture is a study in contemporary refinement.

"Drawing on the timeless warmth and craftsmanship of traditional brickwork for the exterior. The building itself nestles into terraced landscaping, with ground apartments elevated above the street and generous balconies on higher levels offering views across landscaped planters to the bay."

The 15 two-bedroom apartments start from $1,275,000, while the 12 three-bedroom apartments are priced from $2.05 million.

The apartments feature&nbsp;premium Swiss V-Zug appliances, natural stone benchtops,&nbsp;European oak floorboards, tufted plush pile carpet and tile flooring.

[smartcode_project:default project_id=95289 project_image_fid=229695]

Every apartment gets at least two parking spots in the basement parking which has electric vehicle charging points. The building covers 58 per cent of the 2,415 sqm double-block.

Wickton, based in <a href="/new-apartments/south-melbourne-vic-3205">South Melbourne</a>, are anticipating a Q1 2025 completion for <a href="/new-apartments/linacre-rise-hampton-8-10-linacre-road-hampton">Linacre Rise</a>. Wickton have their sights on future projects in Hampton.

They've had Ewert Leaf also put the design together for new apartments on Beach Road.

[smartcode_project_cta:default project_id=95289]

Architecture firm Ewert Leaf has designed the low-rise project which will sit in landscaping by John Patrick Landscape Design

Wickton launch new Hampton apartment development, Linacre Rise

Sydney's well-heeled are driving the sales at Nautique,&nbsp;JDH Capital's $300 million Rushcutters Bay apartment development.

Among the buyers is Lionel Lee, chairman of Bing Lee, who bought two two-bedroom apartments with parking for his children.

Orthopaedic surgeon Dr Geoff Rosenberg and wife Julie, the executive officer of the Australian International Development Network, bought a one-bedroom plus study for their daughter.

Oliver Workman, Managing Director of a lighting business, bought a $3.2 million two-bedroom unit with parking for his daughter, whilst Peter Wilding, the CEO of Ian Malouf Family office and Bingo Founder, bought a $3.5 million two-bedroom apartment with parking.

[smartcode_project:default project_id=108896 project_image_fid=180669]

The Bayswater Road project, a redevelopment of the former Vibe Hotel near Ruscutters Bay Park, is the first major apartment development in the exclusive harbourside suburb in over 13 years.

Currently under construction and is slated for completion in May 2024, nearly 50 per cent of the 123 apartments have been sold. Prices start from $1.1 million.

Each apartment in Nautique will be turn-key and characterised by timber engineered oak flooring, generous living spaces and include a range of integrated appliances including a cooktop, oven and rangehood, dishwasher, fridge and freezer.

Nautique will be crowned by a rooftop pool deck overlooking Sydney Harbour views and a curated veggie garden.

[smartcode_project:default project_id=108896 project_image_fid=229979]

JDH Capital Founder&nbsp;Jean-Dominique Huynh said Nautique is a "testament to JDH Capital's commitment to redefining luxury living."

"Nautique represents a unique blend of sophisticated design, unmatched amenities, and a community-oriented lifestyle. This project is a testament to our dedication to providing unparalleled experiences for our residents."

Nautique has been&nbsp;built around an in-house Vault House Group dining and workspace venue, which will be located on the ground floor of the project.

[smartcode_project:default project_id=108896 project_image_fid=180671]

Buyers will also receive a 12-month exclusive membership to the Vault House Group including stunning venues such as the Berrima Vault House, and the recently opened Clarence Vault Rooms.

David Highland, CEO of Highland Property Group, says the membership offers residents access to a world of refined socialising and signature events, granting residents access to speakeasy bars, private dining and co-share workspaces within the Vault Rooms.

"When you buy a Nautique apartment, you also get a one-year membership to The Vault House Group, which is one of Sydney's most exclusive members-only clubs," Highland says.

"We want buyers to realise that they're not just purchasing a home; they're investing in a unique lifestyle and experience that you won't find elsewhere in the market."

[smartcode_project:default project_id=108896 project_image_fid=180672]

Residents will also have access to a 24/7 concierge service and two shared branded cars.

“In my view, Nautique’s residents will receive nothing short of the epitome of some of the most luxurious premium living in Sydney located on Rushcutters Bay Park and moments to Sydney Harbour with spectacular harbour views, state of the art amenities, an exclusive club membership and an unparalleled return on their investment,” Highland added.

“When you seamlessly pair a premium location of this caliber with the highest standard of residential design, it becomes hard to conceive a more enjoyable home than a Nautique residence.”

JDH Capital are also working on the redevelopment of the well known Sirius building in The Rocks.

[smartcode_project_cta:default project_id=108896]

The Bayswater Road project, a redevelopment of the former Vibe Hotel near Ruscutters Bay Park, is the first major apartment development in the exclusive harbourside suburb in over 13 years

Sydney's elite drive sales at Nautique, Rushcutters Bay apartment development

Prominent Sunshine Coast builder developer Habitat Development Group has launched its newewst apartment development on the waters in Birtinya, near Bokarina.

The $150 million development, St Clair, on two side-by-side blocks on Waterfront Retreat, will comprise two eight-level residential towers with 200 two, three and four-bedroom apartments.

There will be a maximum of 13 apartments on each level. Some of the large penthouse apartments will have over 50 sqm of outdoor space, while a handful of courtyard apartments will have around 90 metres of gardens.

Read more:&nbsp;<a href="/news/qld/habitat-development-group-set-for-200-apartment-st-clair-apartments-in-birtinya-on-the-sunshine-coast">Habitat Development Group set for 200 apartment St Clair Apartments in Birtinya on the Sunshine Coast</a>

[smartcode_project:default project_id=108399 project_image_fid=230361]

Habitat, who are currently building <a href="/buildings/the-corso-maroochydore-20-south-sea-islander-way-maroochydore">The Corso in Maroochydore</a>, will start construction on St Clair in the first quarter of 2024.

A 25-metre resort-style lap pool is on the ground level, featuring a five-metre shallow wading entry adjacent to a BBQ pavilion. A residents' 16-seat dining room with a private outdoor terrace complements the pool for social gatherings.&nbsp;

There's 1,000 sqm of exclusive resident parklands with barbecue facilities and a firepit area.&nbsp;

[smartcode_project:default project_id=108399 project_image_fid=230355]

Crowning St Clair is a communal rooftop terrace enveloped by lush subtropical landscaping with an outdoor kitchen and BBQ facilities. The rooftop deck faces Bokarina Beach towards the east, while the lounge overlooks the hinterland to the west.

Additional amenities and services include an outdoor beach shower, dog wash facilities, parcel locker storage, and professional property management.

[smartcode_project:default project_id=108399 project_image_fid=230365]

Situated in the heart of the Sunshine Coast's Health Precinct, St Clair offers residents the convenience of being less than a five-minute drive from Stockland Birtinya Shopping Centre, Sunshine Coast University Hospital, dining, cafes, entertainment options, and Bokarina Beach.&nbsp;

Access to Nicklin Way, along with several nearby bus stops and major highways, ensures residents stay well-connected to the rest of the Coast.

St Clair will be designed by KArchitecture and feature landscaping by Place Design Group. Habitat Construction are estimating completion in Q1 2026.

[smartcode_project_cta:default project_id=142484]

Habitat, who are currently building The Corso in Maroochydore, will start construction on St Clair in the first quarter of 2024

Habitat launch Birtinya apartment development St Clair

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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