Following the sell-out of its VIII Kirra project near Kirra Beach, developer Devlink Group is moving onto its next project.

The new project, UNIQ Bundall, a collection of 22 architecturally-designed townhouses, is located just across the river from the&nbsp;soon-to be redeveloped Gold Coast Turf Club, which is set to undergo a <a href="/news/qld/inside-the-gold-coast-turf-clubs-370-million-redevelopment-plans">$370 million transformation and become the Sunlight Lifestyle Precinct</a>.

The villas, at 2-4 Waterford Court, will each have three bedrooms, three bathrooms, private lifts, rooftop terraces, and a self-contained multi-purpose room. The waterfront villas will have private plunge pools.

The wider development will feature a communal swimming pool and barbecue facilities.

<img alt="UNIQ Bundall" data-entity-type="file" data-entity-uuid="4329e8c6-f39a-4fa7-8340-63cc512fea4c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-01%20at%2012.43.17%20pm.png?VersionId=AF2HbVX59dL9tPdKeBkSslbOphl3HFvY" />

Devlink Group Head of Marketing, James Ball, said the project is an opportunity to deliver an incredible addition to the area at a time when the Sunlight Lifestyle Precinct is set to transform Bundall into one of the most in-demand locations on the entire <a href="/developments/gold-coast-qld">Gold Coast</a>.

“Our focus as a business has been developing and delivering boutique townhouse projects in some of the Gold Coast’s most desirable locations just as interest in the area escalates – something we experienced with our Kirra VIII project and now appear to have done again with UNIQ,” Ball said.

“Given the fast-growing population of the <a href="/developments/gold-coast-qld">Gold Coast</a> and the lack of land availability buyers are choosing this type of product as it gives them the opportunity to live in a location that allows for a great lifestyle while providing them the living space, they want with minimal upkeep required. What makes it even more thrilling for us is the fact that our project is situated in a prime area, granting access to two prominent entertainment hubs—the Sunlight Lifestyle Precinct and Home of The Arts (HOTA), while still being only five to 10 minutes’ from the beach.”

<img alt="UNIQ Bundall" data-entity-type="file" data-entity-uuid="e8a72945-22d0-47d3-8231-4cc9320a1ee2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-01%20at%2012.17.02%20pm.png?VersionId=xN1wqHxZS.Omdo7MSWUYgsYnMr4EUqc." />

Construction is expected to start at UNIQ Bundall in Q4 2023.

Eric Chen, Head of Business at Devlink Group, said the company would continue to focus on these high-quality projects and work with the <a href="/developments/gold-coast-qld">City of Gold Coast</a> to deliver them as the population of the city continues to grow.

“Providing the city with high-quality projects that increase density whilst not overloading existing infrastructure is very important for the area, this is something that Devlink Group has accomplished since our very inception,” Chen said.

“This project is perfectly pitched in that the high calibre of the design, location, residential amenities and large property size are all highly appealing to buyers targeting the Gold Coast region. We have a proven track record of delivering these projects from inception to completion even throughout the tough times over the last few years, and we are looking forward to delivering the same high results with UNIQ.”

Read more:&nbsp;<a href="/news/qld/city-beat-august-2023-gold-coast-unit-growth-continues-over-winter">City Beat August 2023: Gold Coast unit growth continues over winter</a>

The new project, UNIQ Bundall, a collection of 22 architecturally-designed townhouses, is located just across the river from the soon-to be redeveloped Gold Coast Turf Club

Joel Robinson

First look: Devlink to develop high-end townhomes in Bundall

The <a href="/developments/gold-coast-qld">Gold Coast unit market</a> continued to outperform the majority of capital city unit markets in July, CoreLogic's monthly Hedonic Home Value Index found.

There were further one per cent gains in the <a href="/developments/gold-coast-qld">Gold Coast unit market</a> across July, following 1.5 per cent gains over both May and June.

Only Brisbane (+1.7 per cent) and Perth (+1.1 per cent) performed better in the unit market over July than the Gold Coast.

The Gold Coast median unit value is now $686,000, the second highest median value in the whole of South East Queensland behind the Sunshine Coast's Maroochydore.

It was the fifth consecutive month&nbsp;CoreLogic’s national Home Value Index rose, but the 0.7 per cent rise was softer than previous months.

Since finding a floor in February, the national HVI is up 4.1 per cent, following a -9.1 per cent decline from record highs in April 2022.

Nationally, home values remain -5.3 per cent below the April 2022 peak.

<h2>What's happening in the Gold Coast off the plan apartment market?</h2>

Anecdotal feedback from agents and developers is that it's business as usual on the Gold Coast.&nbsp;

They've shrugged off the idea that market demand would deteriorate following the COVID-19 pandemic, and while they're not seeing an exorbitant amount of enquiry from those looking to move to the Gold Coast like there was 18 months ago, there's still more than enough demand to outstrip supply in the majority of suburbs.

<a data-entity-type="file" data-entity-uuid="9dd89ddb-40e3-477f-81f3-6529d25310ae" href="/developments/gold-coast-qld"><img alt="Gold Coast" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Location%20CTA%20template%20.jpg?VersionId=iJpme1Q2AQx4Fz1f0c0qXaOmkTEmQJI9" /></a>

Siera Property Group Founder and Managing Director, Brent Thompson, says despite some moving parts nationally, the Gold Coast market is more than holding up.

"Given the brisk winter months, broader economic conditions and interest rate environment, things on the ground on the Gold Coast are faring better than most outsiders would anticipate," Thompson says.

Siera Property Group's early enquiry on <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a>, their new <a href="/developments/bilinga-qld-4225">luxury Bilinga development</a>, has come from owner-occupiers looking to relocate to the southern beaches on the Gold Coast, as well as Brisbane families who are in the market for a weekender/holiday home.

[smartcode_project:default project_id=138311 project_image_fid=216175]

"Our research has shown these are the region's strongest performing markets and we anticipate continued robust interest from our southern interstate neighbours as most projects on the Southern Gold Coast have reached or are fast approaching the sold-out stage," Thompson says.

"In such a tight market with limited new supply, prices continue to strengthen particularly for properties of a bespoke, one-of-a-kind nature like <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a>."

Siera Property Group has is entering the construction phase of their debut <a href="/developments/gold-coast-qld">Gold Coast apartment development</a>, <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry on Chevron Island</a>.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Thompson says the research phase of the project, some 18 months spent on&nbsp;completing pre-acquisition work on the residential market on the <a href="/developments/gold-coast-qld">Gold Coast</a>, saw them conceptualised and designed <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a> for local owner-occupiers looking to downsize.

"To date, we can confidently confirm that this target demographic has encompassed the majority of our lead enquiries from the day of launch right through till now and is expected to continue to lead interest right through to project completion.&nbsp;

"This portion of the market, while often price-conscious spenders, is predominantly debt free and their purchasing decisions are directly correlated to their confidence in the delivery of the project. Due to this, we anticipate our sales to further strengthen as the market starts to see more activity onsite every day.&nbsp;"

[smartcode_project:default project_id=108641 project_image_fid=216184]

Graya are seeing new precedents being set when it comes to pricing, due to a substantial shift in what buyers are willing to pay because of limited supply in the luxury apartment market.

"Demand is not slowing for quality two and three bedroom product on the Southern end of the Gold Coast with limited new product set for delivery," Graya Associate Director Shaun Mets says.

Their <a href="/developments/gold-coast-qld">Gold Coast projects</a>, Kloud and Ripple, both in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>, have seen strong demand from the affluent downsizer and empty nester.

"This audience segment understands that buildings are incredibly difficult to replicate due to the industry wide construction crisis and land prices making projects not commercially viable.," Mets says.&nbsp;

"Our downsizer market, who are not necessarily highly leveraged with debt and taking advantage of the current cash rate, are not afraid to overcapitalise for the right property.&nbsp;"

Read more:&nbsp;<a href="/news/qld/city-beat-july-2023-gold-coast-unit-market-the-strongest-in-the-country">City Beat July 2023: Gold Coast unit market the strongest in the country</a>

Read more:&nbsp;<a href="/news/qld/city-beat-june-2023-gold-coast-apartments-defy-downturn-rebound-sharply">City Beat June 2023: Gold Coast apartments defy downturn, rebound sharply</a>

Only Brisbane (+1.7 per cent) and Perth (+1.1 per cent) performed better in the unit market over July than the Gold Coast

City Beat August 2023: Gold Coast unit growth continues over winter

There's no signs of a slowdown in the <a href="/developments/brisbane-qld">Brisbane property market</a>.

While CoreLogic's monthly Hedonic Home Value Index showed a softening in growth across most capital city property markets, <a href="/developments/brisbane-qld">Brisbane</a> continued to surge.

Brisbane unit values rose 1.7 per cent over July, the largest increase across both house and unit markets in any capital city. It's the best performing unit market over the quarter, with 3.8 per cent gains well ahead of Perth's 3.3 per cent gains and Sydney's three per cent growth.

Houses in <a href="/developments/brisbane-qld">Brisbane</a> also jumped 1.4 per cent in July, the joint-best performing housing market along with Adelaide.

The <a href="/developments/brisbane-qld">Brisbane</a> unit median is now $520,000, having been $489,000 at the start of 2023.

<h2>What's happening in the Brisbane off the plan apartment market?</h2>

There are very few new projects in market in <a href="/developments/brisbane-qld">Brisbane</a> still, which is seeing sales continue across pretty much every project.

While listings of house and units in the established space have been rising, they're still trending well below where they were last year and the previous five-year average.

Lloyd Dunn, project director at&nbsp;<a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">Sekisui House Australia's West Village</a>, says there are a number of reasons why Brisbane's upswing will continue.

"As developers, we anticipate sustained price growth in the medium to long term due to increasing demand from local purchasers and migrating purchasers, further construction price increase and limited supply of off the plan apartments," Dunn says.

"Long term, we feel that creating a thriving community at the heart of a development will always be essential to selling off the plan apartments. If there is no sense of place or neighbourhood, it can be a harder sell."

Sales have been moving at a fast pace at their<a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end"> West End development</a> for some time. They've transacted $186 million in the last year, with their latest release, <a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">The Allere Collection</a>, now 85 per cent sold.

[smartcode_project:default project_id=114215 project_image_fid=207148]

Dunn says they see a continued shift toward larger apartments, incorporating more flexible spaces to accomodate remote work and changing lifestyle needs.

Purchasers are currently seeking out more environmentally friendly developments that provide plenty of green space, sustainability initiatives, and connections to nature that create a biophilic response. Sekisui House Australia integrates the Japanese philosophy of ‘Satoyama’ into their developments and offers spaces to connect people with ‘ribbons of green’.

[smartcode_project:default project_id=114215 project_image_fid=204874]

On the RBA rate hikes impacting buyer sentiment and lending capacity, Dunn says that whilst&nbsp;not all buyers are directly impacted by rate rises, the fact that they need to sell to people who are impacted impacts the value of their original asset.

Luxury home builder turned apartment developer Graya has seen the short supply of luxury apartments help drive sales at their <a href="/developments/brisbane-qld">inner-ring Brisbane projects</a>.

Associate Director Shaun Mets says there's been a substantial&nbsp;shift in what buyers are willing to pay, and new precedents are being set.

"Demand is not slowing for quality product in blue chip locations with limited new product set for delivery," Mets says.

[smartcode_project:default project_id=112020 project_image_fid=198800]

Graya has seen strong demand from the affluent downsizer and empty nester market.

"Our downsizer market, who are not necessarily highly leveraged with debt and taking advantage of the current cash rate, are not afraid to overcapitalise for the right property," Mets says.

"This audience segment understands that buildings like our most recent multi-residential projects, Canvas, Chalk and York are incredibly difficult to replicate due to the industry wide construction crisis and land prices making projects not commercially viable.

[smartcode_project:default project_id=112020 project_image_fid=198799]

"Our buyers want certainty around construction timeframes and an opportunity to make customisations to their residence through the sales process."

Mets says the absolute necessities for buyers are privacy, adequate security, an absolute minimum of 150 sqm internally, progressive technology features, and secure car accommodation.

Read more:&nbsp;<a href="/news/qld/city-beat-july-2023-brisbane-has-come-of-age-as-apartment-demand-booms">City Beat July 2023: Brisbane "has come of age" as apartment demand booms</a>

Read more:&nbsp;<a href="/news/nsw/city-beat-june-2023-sydney-secures-off-the-plan-sales-success-at-affordable-and-luxury-ends-of-the-market">City Beat June 2023: Brisbane's tight supply drives off the plan apartment sales</a>

The Brisbane unit median is now $520,000, having been $489,000 at the start of 2023

City Beat August 2023: Brisbane units the best performing market in the country

Prominent Sydney developer Podia has submitted plans for its next apartment project.

In a joint venture with CASA, Podia is seeking to developer 71 dwellings, a mix of apartments and townhouses, at <a href="/new-apartments/the-mclaren-45-mclaren-street-north-sydney">45 McLaren Street, North Sydney</a>.

“Timeless, Luxury, Sanctuary. ... providing residents with a comfortable, timeless sanctuary they can call home, away from the bustling city outside.” --- Podia &amp; CASA

The $68.7 million project, opposite the recently topped out AURA by Aqualand, has been cleverly designed by Bates Smart and features a striking stepped form which has the building stagger up to it's 14th level, allowing for a number of large terraces on the upper floors. 
<img alt="Podia Bates Smart North Sydney" data-entity-type="file" data-entity-uuid="c968c9e5-d811-4f7d-adf2-f57388d4ee88" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Podia%20larger.png?VersionId=4iKHOf1NOhLQ6sXc7y9o0N2e3pP889QB" />

Bates Smart said the vision is&nbsp;for a sustainable, mixed-use building that provides exceptional dwellings which capitalise on the site’s location between North Sydney’s dense and thriving CBD and North Sydney’s Civic Precinct.

"Consistent with Council’s vision for the precinct, the design proposes a mixed-use building comprising boutique residential dwellings and a variety of non-residential uses to contribute to the commercial and public life of North Sydney," their submission read.

"The building form responds carefully to existing context, including significant level changes, adjacent heritage buildings, and the future Ward Street Precinct Plaza."

<img alt="Podia North Sydney" data-entity-type="file" data-entity-uuid="dc453649-a7e8-4f84-854d-4b26e87ce843" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%2012.37.32%20pm.png?VersionId=GvXyLSzu6lDJowvBpYVitcHlPA2gIwGc" />

They suggested the podium design complements the site’s lower-scale density, fine-grain heritage and leafy character along Walker Street, as well as the mixed-use character along McLaren Street.

"Importantly, the lower levels of the building will provide positive place making initiatives to activate McLaren, Walker and Harnett streets as well as the expanded and improved through-site link."

<img alt="Podia North Sydney" data-entity-type="file" data-entity-uuid="32bde44d-2d37-4c94-9619-fdbb89842648" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%2012.36.44%20pm.png?VersionId=6zN42EMkfwshxmxis92VU7MqS1xKnMz0" />

Nearly half of the building is three-bedroom apartments, which start from over 100 sqm and go as large as 184 sqm.

There's 20 one-beds, ranging in size from 52 sqm to 65 sqm, and 15 two-bedroom apartments between 74 sqm and 110 sqm.

The sole four-bedroom apartment, the penthouse, spans two levels and has 387 sqm of living space, with extensive terraces.

Communal amenity will be in the form of a roof terrace on level eight.

There's a handful of terrace homes which Bates Smart say&nbsp;reference the scale, proportions, detail, and materiality observed in Victorian homes found in the locality, specifically the adjacent heritage homes at 150 Walker Steet.

Part of the development will be a new public through site link connecting Walker Street and Harnett Street, with the latter being the access to the three-level commercial space.

"The robust expression and warm coloration presents as a little gem to be found down this side street," Bates Smart said of new site link.

<img alt="Podia North Sydney" data-entity-type="file" data-entity-uuid="905fc245-1b94-4a40-ab27-1d1b6223ef04" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%2012.35.39%20pm.png?VersionId=bPXZbRorDR0qaKvs2.0dACLj88IA1De9" />

The 1,792 sqm site is less than 200 metres from the Victoria Cross Metro north entry, and less than 400 metres from the south entry.

Urbis prepared a Heritage Impact Statement, citing over 10 different heritage-listed buildings within the immediate vicinity. The site also sits close to, not in, the&nbsp;and Walker and Ridge Streets Heritage Conservation Area.

They believe however the&nbsp;proposed building has been assessed and found to provide a "well-mannered response to the streetscape in its siting, setbacks, footprint, and scale."

They stated the retention of mature tree plantings and provision of soft landscaping is sympathetic to the context, and the stepped roof&nbsp; assists to reduce overall bulk and scale of the building and references the form of the heritage items adjacent to the west.

Podia, led by founder and director Stephen Dwight, currently has two apartment projects under construction, <a href="/new-apartments/the-bonobo-by-raes-byron-bay">The Bonobo by Raes</a> in <a href="/developments/byron-bay-nsw-2481">Byron Bay</a> and The Address in <a href="/new-apartments/east-melbourne-vic-3002">East Melbourne</a> in conjunction with <a href="/developers/luxcon-group">Luxcon</a>.

As well as McLaren Street, Podia is working on an apartment project on <a href="/news/nsw/podia-lodge-plans-for-six-storey-neutral-bay-apartment-project">Neutral Bay's Ben Boyd Road</a>.

In a joint venture with CASA, Podia is seeking to developer 71 dwellings, a mix of apartments and townhouses, at 45 McLaren Street, North Sydney

First look: Podia and CASA lodge Bates Smart plans for Walker St, North Sydney mixed-use tower

Mirvac has officially commenced construction at their $2 billion revitalization of Sydney's Harbourside mixed-use precinct on Darling Harbour.

The precinct, which is replacing the tired Harbourside Shopping Centre, will&nbsp;deliver a critical piece of Sydney’s $15 billion Western Harbour rejuvenation that has been underway since the completion of the International Convention Centre.

Due for completion from 2026, the new Harbourside precinct will reimagine the Darling Harbour waterfront for the 21st century, reconnect with the people and places of <a href="/developments/pyrmont-nsw-2009">Pyrmont</a>, and create a network of new public spaces that seamlessly bring together community, visitors, residents, and workers.

The redevelopment proposal is also expected to deliver around 265 apartments, offering housing choice and diversity on the fringe of the <a href="/developments/sydney-nsw">Sydney CBD</a>, and make <a href="/developments/sydney-nsw-2000">Darling Harbour</a> a more attractive and vibrant place to live, work, and visit.

<img alt="Harbourside by Mirvac" data-entity-type="file" data-entity-uuid="512bee19-ad19-4f20-887b-6084c64f56b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%203.08.29%20pm.png?VersionId=d2kEgrG6mQzIU2868d1tO9Rs5w7hpufB" /> 
The soaring residential tower. Image supplied

Mirvac’s CEO Development Stuart Penklis said the team had been working with the NSW Government since 2016.

“We have been on a journey to truly understand this site, starting with international group Snohetta partnering with Hassell and Djinjama winning the international design competition inspired by the natural landforms of Sydney Harbour," Penklis said.

"Our cultural commitment continues as we work with the community, and partner with Bila Heritage to continue to bring Harbourside to life in a way that is truly connected to Country.

“Sites like this are incredibly rare when you consider the proximity to the CBD, the existing and future pedestrian linkages, access to public transport and other critical infrastructure. We are proud to be starting the development at Harbourside that will elevate this precinct as a legacy Sydney destination and a place to live, work, shop and enjoy.”

Subject to final approvals, the new Harbourside project deliver 10,000 sqm of public open space, including a new waterfront with restaurants, bars, national and international retailers, a new 3,500 square metre park and connections from Pyrmont to the waterfront, including $50 million in public domain funding and $7 million in public art and activation.

Around 2,000 construction jobs will be created as part of the development, and 4,500 jobs on completion.

"This redevelopment demonstrates Mirvac’s integrated design, development and construction capabilities and our ability to partner with Government to unlock large scale complex mixed-use projects," Penklis added.

Mirvac’s CEO Development Stuart Penklis was joined at the official commencement event by Mirvac Group CEO &amp;&nbsp; Managing Director Campbell Hanan, NSW Minister for Planning and Public Spaces, the Honourable Paul Scully MP, Acting CEO Placemaking NSW Susan Lee, and other guests, who marked the occasion by turning the first sod onsite.

Scully said the development is a "great example of the Minns Government working with the private sector to deliver world-class amenities to the people of NSW."

The redevelopment proposal is also expected to deliver around 265 apartments, offering housing choice and diversity on the fringe of the Sydney CBD

Mirvac breaks ground at $2 billion Darling Harbour mixed-use precinct

House prices cooled following the surprise rate rise by the RBA in June, but apartment growth continued, according to the latest research from Ray White.

They found the strongest apartment price increases were in <a href="/developments/brisbane-qld">Brisbane</a>, <a href="/developments/adelaide-sa">Adelaide</a> and <a href="/developments/perth-wa">Perth</a>, all increasing by in excess of 0.3 per cent over the month.

There was no capital city that recorded a decline in apartment prices over the month. All cities are now seeing big increases over the past 12 months.

Ray White Senior Economist Nerida Conisbee said there are a lot of push and pull factors in house prices at the moment.

"Interest rate rises may not be over and we are seeing more stock coming to market," Conisbee said.

<img alt="" data-bit="iit" data-entity-type="" data-entity-uuid="" height="auto" role="presentation" src="https://ci6.googleusercontent.com/proxy/KmOoOOLwIj8fYCwAXNwC0Ar6xU1fRGlJfXpATcmHyDoqqNo-aF8GFSXLKAWiTbOJjW3WNaUUMLfT8wmi6TnS73mkrQNNsrgZNwEvvjMrKosSxbsYFOy4Q5O5vdZVw8EI-DytlDnbVp9BlMHIbHLtB7C0-8QpONEB6-jcX0I1DybLiJ38jn6YQSfV=s0-d-e1-ft#https://dim.mcusercontent.com/cs/2b5f862f82ad554d08ed3d501/images/671f0f73-9ada-187f-f271-042eaca72c41.png?w=1128&amp;dpr=2" style="vertical-align: top; max-width: 100%;" tabindex="0" width="660" />

"Anecdotally, more investors are selling, driven out of the market by higher interest rates and a more difficult ownership environment in many states.

"Rental growth is also starting to slow for houses across Australia, but remains strong for apartments.

Conisbee says one positive about the growth, particularly in apartments, is that it is likely making more new projects viable.

"This will ensure greater housing supply over the next two years."

The cities with the biggest house price falls were <a href="/developments/sydney-nsw">Sydney</a>, <a href="/developments/hobart-tas-7000">Hobart</a> and <a href="/developments/adelaide-sa">Adelaide</a>, with a decline of 0.2 per cent. Brisbane fell slightly by 0.1 per cent.

Ray White’s total sales in June, $6.4 billion nationally, were on par with what they recorded in June last year.

Buyer activity has continued to increase also across the Ray White network.&nbsp;The number of people bidding at auction is now back to where we were in April 2022.

"The number of active bidders remained stable in June, rather than increasing, perhaps due to the surprise interest rate increase at the start of that month," the Ray White Now Report noted.

Ray White Senior Economist Nerida Conisbee said there are a lot of push and pull factors in house prices at the moment

​Apartment price growth continues as house prices pull back slightly: Ray White House Price Report

The iCIRT-rated luxury builder developer Made Property has been given the green light to proceed with <a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a>, their absolute waterfront residential community on Sydney Harbour's Majors Bay.

<a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a>, on one of <a href="/new-apartments/mortlake-nsw-2137">Mortlake</a> Point's last remaining foreshore development sites and the last significant parcel of land at the end of Tennyson Road, will comprise just 20 three-bedroom residences and a private marina berth.

Drawing inspiration from the Italian Riviera, <a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a> offers the ultimate in waterfront luxury, privacy and exclusivity with only one or two home-sized apartments sharing the lobby.

<img alt="Corsa Mortlake" data-entity-type="file" data-entity-uuid="b1a67f2c-d17d-47a0-9050-863be66d2ceb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%2010.58.04%20am.png?VersionId=cYHlSI25N2GJWl9V15IQoBiTVXrnHjbM" />

Designed by award-winning architects SJB, the sprawling residences capture uninterrupted panoramic water views. There's also a 23-berth marina which accommodates boats from 12 to 20 metres in length.

A prime north-east-facing development, <a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a> will capture&nbsp;180-degree harbour views with every apartment featuring expansive balconies. Designed for the right-sizer, all home-sized apartments have three bedrooms, all with generous private open space and access to high level of amenity. A selection come with three-car garages.

With interiors also designed by <a href="/architects/sjb-architects">SJB</a>, the resplendent waterfront residences will feature exquisite interior designs, leveraging the project’s harbourside location and deep connection to the harbour, including elevated finishes and premium fixtures.

SJB’s Design Director Adam Haddow, said the project feels as though it has grown from the ground up.

"Engulfed in generous landscaping, each space has a view toward the natural," Haddow said.

"It was paramount to ensure that each space had a stunning outlook, so much so that each apartment has a unique layout to maximise views and space.&nbsp;Achieving 100% cross ventilation, the spaces feel light and airy, with connection to the waterfront informing every design decision. Light masonry tones reference the foreshore, with subtle textures and details replicating the natural landscape.”

<img alt="Corsa Mortlake" data-entity-type="file" data-entity-uuid="5e59f485-15a0-4723-84cb-2eeb00138265" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%2010.58.09%20am.png?VersionId=nzQKPAUdFwBBsRQ9soeYrFtM.VvfrFvD" />

As part of the development, the boardwalk which fronts the project will be extended as part of the <a href="/new-apartments/canada-bay-nsw-2046">Canada Bay</a> Council Foreshore Access Strategy, which aims to improve and increase access to the beautiful foreshore areas around <a href="/new-apartments/canada-bay-nsw-2046">Canada Bay</a>.

Made Property Development Manager Todd Moody said <a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a> will offer a truly exceptional boutique waterfront development ideal for local downsizers looking for the ultimate lifestyle investment potentially with the added convenience of mooring their boat at their residential address.

Communal open space is provided and includes access to the foreshore. The project includes a marina with 23 berths that will initially exclusively be offered to purchasers. The marina will also include a small kiosk for takeaway coffee and food.

CBRE Residential Projects is expecting to purchases to come from local downsizers and empty nesters.

Corsa Mortlake will comprise just 20 three-bedroom residences and a private marina berth.

Corsa Mortlake luxury apartments approved

The Brisbane-based&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;Property Group has secured sign off for its Broadbeach apartment tower, Lusso.

It's a move back into the <a href="/developments/gold-coast-qld">Gold Coast apartment market</a>&nbsp;for the family-run company, who&nbsp;in recent years have been developing boutique projects in Brisbane's inner ring.

Lusso, Italian for luxury, will comprise just 15 full-floor apartments&nbsp;at 11 Anne Avenue.

Designed by&nbsp;<a href="/architects/hal-architects">Hayes Anderson Lynch</a>&nbsp;Architects, the four-bedroom apartments span over 200 sqm internally, with a further 40 plus sqm of balcony space.

The kitchen, complete with butler's pantry, meets the&nbsp;living and dining space, which opens to the balcony&nbsp;oriented to front Anne Avenue and capture south east ocean views. The master suite, complete with walk in wardrobe and ensuite, is also cleverly located at the front of the apartment to capture the views.

<img alt="Di Carlo" data-entity-type="file" data-entity-uuid="e01dafc6-462b-4a1d-b1b8-a735e79b361e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%2010.32.13%20am.png?VersionId=TcWoW4vinIj11es_qx_gZkcHF322NdoZ" />

There are a further two bedrooms and a multi-purpose room, which has been designed o act as either a second living area, a home office, or a fourth bedroom.

Crowning Lusso will be the resident amenity rooftop terrace, featuring&nbsp;a&nbsp;pool, gym, sauna and barbecue facilities.

Alfie&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>, one of the family directors at the company, says the design offering should hit the mark for the luxury buyer.

"We produce boutique, owner-occupier developments in Brisbane so we definitely wanted to stay in our lane and produce something that would service that type of buyer on the Gold Coast,"&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;told Urban.

"Its a really nice pocket of the Gold Coast and it's always been on the agenda,"&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;added.

<img alt="Di Carlo" data-entity-type="file" data-entity-uuid="2250c1d0-7479-49d3-a7cc-9971c604974d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%2010.33.15%20am.png?VersionId=XjAEME3PKcQiaXR.TTi1g47OBBwyIuhK" />

"This site ticked all the boxes given its centrally located between the beach, the Broadbeach entertainment and dining precinct, the Star Casino and Pacific Fair Shopping Centre."

<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;expects a healthy enquiry mix from local downsizers cashing in on their houses but not wanting to compromise on space, and interstate and Brisbane holiday makers who are looking for a high-end holiday home or weekender.

The development acts as another diversification for the&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;Group, who have recently started developing&nbsp;in&nbsp;the retail and commercial space.

The team have over 40 years experience building and managing in excess of $500 million&nbsp;of property development and construction projects across South East Queensland.

Lusso, Italian for luxury, will comprise just 15 full-floor apartments at 11 Anne Avenue

Di Carlo secure sign off for luxury Broadbeach apartment development, Lusso

A two-tower apartment development in <a href="/developments/windsor-qld-4030">Brisbane's Windsor</a> has been filed by local developer Ronnie Tarabay.

He's submitted plans for two 13-level buildings designed by Ellivo Architects at <a href="/new-apartments/193-lutwyche-road-windsor">193 Lutwyche Road</a> which will home 212 apartments, 281 resident parking spaces, and 45 visitor spaces.

Tarabay, who runs developer Bekaa Group, is set to keep some of the origins of the site. A two-storey luxury car showroom along the Lutwyche Road frontage will remain.

The 4,213 corner sqm site, next to the Brisbane Opal Museum and opposite Rosemount Hospital, was previously a Denmac car yard. It's currently operating as a car showroom Dutton One.

The site was bought late last year, with approval for two aged care and retirement towers with 177 units.

Tarabay, has submitted a new application for&nbsp;118 one-bed units, more than half the building, 85 two-bedroom apartments, and nine three-bedders.

<a data-entity-type="file" data-entity-uuid="879188d3-5e95-4fe9-a20c-44482f15e1a8" href="/new-apartments/193-lutwyche-road-windsor"><img alt="Windsor" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%208.56.58%20am.png?VersionId=MOtVmNgv1P4CrK1FN9Lxf3_lg1G._CpA" /></a>

Crowning one of the building's is a lap pool with day beds, a spa and sauna set privately in landscaping, a barbecue terrace, and an indoor dining room.

Ellivo noted in their Urban Design Report that the scale and form&nbsp;of the site provides the opportunity for two towers.

"The podium and tower are articulated as the buildings respond to their context," the report noted.

"City views are enhanced, privacy is allowed for and solar orientation is considered. The identity of the project is created."

&nbsp;

<a data-entity-type="file" data-entity-uuid="bb724be8-5f6c-4698-ae98-86ee03658131" href="/new-apartments/193-lutwyche-road-windsor"><img alt="Windsor" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%208.57.06%20am.png?VersionId=pPskpIsZWaFYfRdJduDB4ndCHnV_HZXw" /></a>

They suggest residents will have access to a large amount of outdoor public amenity and numerous sporting precincts.

One of the towers faces Lutwyche Road, the other facing Lyons Terrace. Both have been designed to have a naturally ventilated corridor, ventilated through a break in the facade.

The Town Planning Report by Place Design Group said the site provides a great opportunity for <a href="/developments/brisbane-qld">Brisbane</a>, as a growing World City, to advocate housing quality in medium and high-density apartment living in Brisbane’s inner northern ring.

"Furthermore, due to the much-needed housing supply, the proposal will deliver an alternate housing product (of an appropriate scale) <a href="/developments/windsor-qld-4030">in a location</a> with great access to jobs, services, amenities, public transport, critical care infrastructure, community infrastructure and key transport corridors providing a suitable housing product for key workers in the vicinity," the Report read.

Bekka Group was founded in 2001 and has created a number of residential buildings all across <a href="/developments/brisbane-qld">Brisbane</a>.

A two-tower apartment development in Brisbane's Windsor has been filed by local developer Ronnie Tarabay

Two apartment towers filed for Windsor's Lutwyche Road

AVJennings has reset the record books in <a href="/new-apartments/williamstown-vic-3016">Williamstown</a> at their Waterline Place masterplan.

They've just sold two adjoining penthouses in the Merchant Apartments for a combined $4 million plus, with the buyer intending on amalgamating the apartments to create a 309 sqm spread.

The dual aspect apartment offers views of both Hobsons Bay and the city.

The owner-occupier purchaser, who previously bought in the <a href="/buildings/rosny-waterline-place-55-nelson-place-williamstown">Waterline Place masterplan</a> in a previous stage, intends on residing in the apartment. He's now looking at buying another apartment in Merchant Apartments for his kids to live in.

<a href="/buildings/merchant-apartments-at-waterline-place-williamstown">Merchant Apartments</a>, designed by Elenberg Fraser, is the final apartment release in the sought-after community on Hobsons Bay, which AVJennings has been selling successfully over the last seven years.

[smartcode_project:default project_id=112774 project_image_fid=197058]

The masterplanned community has received a number of awards, the two most impressive being Excellence in Design from the UDIA VIC.

<a href="/buildings/merchant-apartments-at-waterline-place-williamstown">Merchant Apartments</a> is made up of two seven-level buildings comprising 125 apartments.

Inspired by its coastal topography and local maritime history, the apartments are situated in the heart of the community, with floor to ceiling glazing maximising outlooks, bringing the outdoors in, while each adjoining balcony has been designed as an extension of the home, providing an additional living space in each apartment.

[smartcode_project:default project_id=112774 project_image_fid=197059]

One, two and three-bedroom apartments are still available in the development, with prices starting from&nbsp;$510,000.

Set out to be a "village within a village" <a href="/buildings/rosny-waterline-place-55-nelson-place-williamstown">Waterline Place</a> will home around 500 residences when it's completed in 2025. The 14 apartment and townhouse buildings are set amid a sea&nbsp;of biophilic and pedestrian-friendly, streets and laneways.&nbsp;

[smartcode_project_cta:default project_id=112774]

Merchant Apartments, designed by Elenberg Fraser, is the final apartment release in the sought-after community on Hobsons Bay, which AVJennings has been selling successfully over the last seven years.

AVJennings set Williamstown apartment record at Merchant Apartments, Waterline Place community

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=365687]

Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer BIG Projects brought in the renowned Sydney-based design studio YSG Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for BIG Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of BIG Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Studio, with landscape design by LDG Landscape Architecture.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its unique detailing and compelling design,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. BIG Projects is targeting a late 2027 completion.

[smartcode_project_cta:default project_id=110588]

Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

[smartcode_project:default project_id=150128 project_image_fid=366285]

The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

[smartcode_project_cta:default project_id=150128]

Joel Robinson

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