Developer&nbsp;New Hope Evergreen&nbsp;has sold three luxury penthouses across its two apartment developments in St Leonards.

They've secured an $8 million sale of The Grand Harbour penthouse in the completed The Landmark development, and two penthouses in their recently launched The Landmark Quarter development nearby.

CBRE's Tim Rees secured the sales of the two Landmark Quarter penthouses, for $9 million and $7.1 million.&nbsp;

“Identified as a new Sydney growth area, St Leonards developments are booming," Rees says.

"The NSW government has now finalised details of its planning changes, bringing 16,500 new jobs and 6680 dwellings into the suburb and neighbouring Crows Nest.

“Developers are acquiring property in the precinct as the state government plans to permit higher height limits, rezoning areas to address Sydney’s housing shortage and allowing more mixed-use developments close to where people want to live with transport, education, restaurants, health and education hubs nearby."

[smartcode_project:default project_id=139897 project_image_fid=212569]

The Landmark Quarter, a collection of three Rothelowman-designed buildings, is located&nbsp;at St Leonards South’s highest point and the new development presents six-star levels of resort-style luxury, including amenities like a cinema, mineral pool, rooftop terrace, dining and games room, gym, hot spa and smart home technology.

Construction is due to commence this year, with completion anticipated for Q1 2026.

Read more:&nbsp;<a href="/news/nsw/a-cinema-swimming-pool-and-billiards-room-inside-the-amenity-laden-st-leonards-off-the-plan-apartment-development-the-landmark-quarter">A cinema, swimming pool, and billiards room: Inside the amenity-laden St Leonards off the plan apartment development, The Landmark Quarter</a>

[smartcode_project:default project_id=139897 project_image_fid=212667]

Peter Pereira, New Hope Evergreen&nbsp;Development Director, said the buyers were local downsizers who chose St Leonards after an extensive search for a penthouse that met their exacting demands for size, finish quality, location, and view.&nbsp;

"Both were further attracted by each development’s separate private parking garage, soon to become home to their respective prestigious car collections," Pereira said.

[smartcode_project:default project_id=139897 project_image_fid=212665]

New Hope Group have invested $1.4 billion in Sydney's Lower North Shore, with most of that concentrated in St Leonards.

Many of the apartments in Landmark Quarter benefit from city and harbour views, which can be taken in from either the balcony or living area, given all apartments have floor-to-ceiling glass doors to the balcony.

The townhouses have three bedrooms, each with their own private entrance.

[smartcode_project_cta:default project_id=139897]

The Landmark Quarter, a collection of three Rothelowman-designed buildings, is located at St Leonards South’s highest point and the new development presents six-star levels of resort-style luxury

Joel Robinson

New Hope Evergreen secure three penthouse sales across St Leonards

Delta Australia, who developed Brisbane's Riparian Plaza skyscraper nearly two decades ago, are looking to their next game-changing project.

They've submitted plans for striking mixed-use development at 26 Cairns Street, Kangaroo Point, taking full advantage of its 4,964 sqm waterfront location on the site of the historic Evans Deakins Dry Dock area.

Delta acquired the site in mid-2019. They said they were attracted primarily by the unique and challenging opportunity it offers to create a defining development for Kangaroo Point and the city of Brisbane

They are planning a tower with 232 apartments, stacked high so there can be extensive ground place activation.

<img alt="26 Cairns" data-entity-type="file" data-entity-uuid="9d995747-cea6-46f7-8712-a9c109b166d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%201.35.08%20pm.png?VersionId=P4RHZHoXx9p5KqjPtF9EwhRbssXFBcNV" />

Scott Collins from Delta Australia said Kangaroo Point will play a "pivotal role" shaping the future of Brisbane.

“Having personally lived in Kangaroo Point I have benefited from an appreciation of, and the responsibility associated with, the inherent quality and uniqueness of the Kangaroo Point peninsular, inclusive of this site location adjacent to an historical dry dock," Collins said.

"Not only does Kangaroo Point possess a special place in Brisbane’s history, it also assumes a pivotal role in shaping the future of Brisbane’s dynamic inner city communities and their landscapes; both built and natural forms.

"Within this dynamic, we take very seriously the responsibility and leadership that is incumbent upon us to procure a progressive and leading development, balancing the interests of stakeholders and advancing the design aspirations of others in collaboration with the City.”

<img alt="Kangaroo Point" data-entity-type="file" data-entity-uuid="20e33968-fd35-4ee8-adb9-e7db20294874" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%201.35.34%20pm.png?VersionId=uVJHMwODZsgmYFsp1YWRpmLgMXCkcv6T" />

Delta has called on both Architectus and Singapore-based architecture firm WOHA to work in collaboration on the design of the project. The pair worked together to create 443 Queen Street, Brisbane's newest landmark.

Architectus has been involved in some of the best-loved urban spaces in Brisbane like the Gallery of Modern Art, while WOHA, led by Aussie architect Richard Hassell, predominantly design projects in Singapore, but have lent their expertise to a new premium project in Perth's Applecross.

“When I met Scott in Singapore, I was really impressed by his passion to set new standards with this development," Hassell said.

"He was quite familiar with our work and was completely in agreement on our five ratios for high amenity, inner city developments. As we have worked on this project, the problem was always - how can we get this public space to work, rather than questioning whether it was necessary.”

The proposal is for 232 apartments, a mix of&nbsp;40 one-bedroom apartments, 112 two-beds, 72 three-beds, and eight four-bed apartments. 458 parking spaces will be provided across the basement levels.

<img alt="Kangaroo Point" data-entity-type="file" data-entity-uuid="aa51f27f-1971-40d2-a8e4-aa30342c6c8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%201.35.01%20pm.png?VersionId=8APmY7mzSnTa6XPIMzYcX9tYEZZfaS1_" />

In their Architect Intent Report, Architectus and WOHA called 26 Cairns a "subtropical tower that expresses the contemporary spirit of Brisbane, the New World City."

They cited Design-Led City and the Buildings that Breathe, Brisbane City Council's recently released new strategies which seek to enhance the city's&nbsp;reputation as a liveable, vibrant, green, and prosperous city.

"This development is both an exemplary outcome of these policy documents, and a unique solution inspired by its special site."

"The development marks this superb waterfront location with a green, elegant tower that is distinctive without being ostentatious. The design emphasizes civic generosity, community and sustainability through its extensive greenery, generous public spaces and vertical village concept."

<img alt="Kangaroo Point" data-entity-type="file" data-entity-uuid="a57486f7-968b-4581-8445-848a2384f43f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%201.44.51%20pm.png?VersionId=N1AqDELtP4uDUrt2__uQM4bseeYsNLtO" />

In their Architect Intent Report, Architectus and WOHA called 26 Cairns a "subtropical tower that expresses the contemporary spirit of Brisbane, the New World City."

They cited Design-Led City and the Buildings that Breathe, Brisbane City Council's recently released new strategies which seek to enhance the city's&nbsp;reputation as a liveable, vibrant, green, and prosperous city.

"This development is both an exemplary outcome of these policy documents, and a unique solution inspired by its special site."

"The development marks this superb waterfront location with a green, elegant tower that is distinctive without being ostentatious. The design emphasizes civic generosity, community and sustainability through its extensive greenery, generous public spaces and vertical village concept."

They said their vision was for a next generation, sustainable, subtropical tower.

"The team have worked from first principles to imagine a subtropical, sustainable, community-oriented project that would be an asset to the neighbourhood and the city.

"The desire is for Kangaroo Point to be better after the project’s completion. More connected, with more recreation and dining options, more nature, more water, more trees and flowers, more birds, more fish, more places to cycle or walk the dog, or bring the kids down to the river."

They said a key word is regenerative.

"This development will regenerate nature and biodiversity, regenerate community and social interaction, regenerate environmental services."

The rooftop will home extensive resident amenity, with a main&nbsp;pool, plunge pool, and kids pool, flanked by day beds and outdoor seating areas, a playground, and barbecue facilities. There's also a room for a kids club, a steam room and sauna, a gym with movement studio and changing rooms, a business centre and library with an event terrace and boardroom, and a "party penthouse" with kitchen, dining and seating areas. The rooftop is set in extensive landscaping by RPS.

There had been approval on the site by the former owner for two towers, one 17 levels the other 13. They were to home 311 apartments and some retail and commercial.

Scott Collins from Delta Australia said Kangaroo Point will play a "pivotal role" shaping the future of Brisbane

First look exclusive: New sustainable, subtropical mixed-use development to reshape Kangaroo Point

Andrews Projects is the latest in a growing cohort of residential apartment developers in South East Queensland to launch its own construction company to control its project’s narratives.

Known as ‘A Construct’, the construction company will be responsible for the delivery of Andrews Projects’ $270 million Cascade development, a 229-unit master-planned community in Robina.

The announcement follows a challenging time in the South East Queensland construction sector, namely limited resources and escalating build costs, that have caused a number of developers to self-deliver projects.

[smartcode_project:default project_id=135618 project_image_fid=208703]

The trend will likely continue as construction resources become more scarce and government infrastructure works ramp up in anticipation of the Brisbane 2032 Olympics.

Andrews Projects Sales Manager Sarah Andrews said the move into construction was a natural step for the family-owned company, with founder and director Danny Andrews having been in the construction industry for over four decades.

“A Construct will allow us to take control of our projects and deliverthem in a more cost-effective and time-efficient manner for our future residents,” Sarah says.

“We have a vast knowledge of the construction industry and the processes and systems required to deliver multi-residential projects, alongside a highly skilled team who will assist with the delivery of Cascade and our future projects.”

[smartcode_project:default project_id=135618 project_image_fid=210820]

Project manager and site manager positions have already been filled at A Construct, with the team focusing on the delivery of their first project Cascade. Residents will have access to a suite of amenities including a 25m resort pool, 170 sqm gym, sauna, cold plunge, steam room and onsite cafe.

There are two and three-bedroom apartments on offer with views&nbsp;towards the Surfers Paradise skyline and hinterland. Apartments range in price from $850,000 to $2.25 million. The project is over 60 per cent sold, with construction to commence onsite imminently.

Completion is slated for in 2026.

[smartcode_project_cta:default project_id=135618]

Known as ‘A Construct’, the construction company will be responsible for the delivery of Andrews Projects’ $270 million Cascade development, a 229-unit master-planned community in Robina

Andrews Projects bring construction in house and start Cascade Robina build

Melbourne has continued to see growth in its unit market, albeit slower than previous months.

CoreLogic's Monthly Hedonic Home Value Index found that&nbsp;value of&nbsp;<a href="/developments/melbourne-vic">Melbourne units</a>&nbsp;grew by 0.3 per cent across August, slightly softer than the 0.4 per cent gains in July and one per cent in June.

It was the first time in three months unit growth didn't outstrip house value growth. House values in Melbourne grew 0.6 per cent in August.

Unit values are now 1.6 per cent up over the rolling quarter, and 1.7 per cent year to date. The median value for units in&nbsp;<a href="/developments/melbourne-vic">Melbourne</a>&nbsp;is now $603,000.

Read more:&nbsp;<a href="/news/vic/city-beat-august-2023-melbourne-units-outperform-houses-again-as-supply-problems-persist">City Beat August 2023: Melbourne units outperform houses again as supply problems persist</a>

<h1>What's happening in the Melbourne off the plan market?</h1>

It's taken a bit of time, but agents are reporting that buyers are starting to come into the market.&nbsp;

That's what&nbsp;Stephen Bowtell, Director at Jellis Craig Projects, is seeing across a number of his projects.&nbsp;

"It's a good sign for the market that new buyers are beginning their search," Bowtell says.&nbsp;He adds however that most are new buyers only just starting their journey, and they're not ready to transact.

"That slows down the sales process because those buyers need time to assess all options and spend some time researching the market," Bowtell says.&nbsp;

But due to the supply crunch in Melbourne, because of the difficult construction environment, there's not a lot of other options on the market, or even coming to the market.

He says when there even a hint of a rate cut, there will be a flurry of both enquiry and transactions.

Bowtell has just launched Kindred, in Bayside Mentone, a collection of just 10 architecturally-designed villas on the park and near the beach.

[smartcode_project:default project_id=138768 project_image_fid=214857]

"This one ticks a lot of boxes," Bowtell says.

"Kindred Mentone stands out from anything that's been done in Mentone before from an architectural standpoint, but it's also one of few residential sites that faces the park, which makes it difficult to repeat."

Read more:&nbsp;<a href="/news/vic/sloane-launch-one-of-a-kind-townhouse-development-in-melbournes-mentone-bayside">Sloane launch 'one of a kind' townhouse development in Melbourne's Mentone Bayside</a>

[smartcode_project:default project_id=138768 project_image_fid=214862]

Colliers National Director Project Marketing Ben Gearing says it's this undersupply of apartments which has driven sales at their two projects in Melbourne currently, Park Quarter on St Kilda's Road by SIDG, and Lendlease's newest tower in their $1.5 billion Collins What redevelopment, Regatta.

Park Quarter has raced to 50 per cent sold having only launched in March, while Regatta hit the market last month and has had "overwhelming interest".

"We are entering a period where there are going to be fewer apartment development completions," Gearing says.

[smartcode_project:default project_id=134959 project_image_fid=210773]

"This lack of supply in and around the CBD and city fringe of Melbourne will add further pressure on rents in an already tight rental market, bringing astute investors out in large numbers."

Gearing has also seen demand however from first time apartment buyers, whether it be downsizers or first home buyers.

"There has been consistent strong interest from owner occupiers searching for quality, liveable residences which includes your first time apartment residents such as downsizers and first homeowners. As the Melbourne apartment market matures we can see increased interest from residents choosing to upgrade from their current apartments and seeking enhanced design, amenity, quality of build and location."

RT Edgar Projects Director Nihal Peter says there's a few factors at play in the off the plan market in Melbourne. Starting from the bottom up, he says first home buyers have no incentive to buy off the plan.

"They’re renting and don’t want to rent, but they don’t want to be buying something which is over 12 months or so away from completion, they want to move now. They need the 10 per cent deposit now because of rising inflation and rising rents. They’re not buying off the plan and they’re buying completed, well priced stock."

Peter says on the flip side, ageing downsizers are always buying off the plan.

"They don’t have mortgages, they’re buying and future proofing, settling at that price, then selling their home when the market is a bit better.

"There’s a big disparity between the bottom end and the higher end of the market. Supply is going down, demand is going up, the Chinese are coming back. We predict the apartments that sell now will be worth more at settlement.

Peter's newest projects in market are Mimosa Row in Carnegie and EIRA Apartments in Bentleigh East, both being developed by ITUM.

[smartcode_project:default project_id=139888 project_image_fid=212587]

Mimosa Row comprises just 40 two and three-bedroom apartments, while EIRA Apartments offers 18 one, two and three-bedroom units.

Tomassi &amp; Co Founder and Director Alby Tomassi says there's&nbsp;plenty of positives to look at in Melbourne’s off the plan property market.

"Forecasts are for 160,000 people to migrate to VIC in the next 12 months, which is 30 per cent of the whole of the country and double pre-COVID levels. The recent interest rate pauses have seen confidence come back into the market.

Tomassi says when we approach the first cut, then it will be game on.

"The new RBA Governor will signal a change in direction at the Central Bank. Whenever there’s a change in leadership in government, it’s generally because the direction wants to change. So I suspect the change of direction will see us go from a rate hiking, inflation controlling RBA to one who will seek to cut rates at the first opportunity.

"As soon as the media start reporting on first rate cuts, demand will far surpass supply, which is worse in Melbourne than in any other capital city."

Tomassi is preparing to launch a boutique project on Fitzroy's Smith Street, and a townhouse project in Mordialloc.

Chad Arbid at Chad Arbid Projects says the RBA's second consecutive decision to hold rates steady in August has sparked increased activity within the market.

"We are now receiving more qualified enquiries as people are able to engage in more effective financial planning. Confidence is reemerging within the market, and individuals are realising that we are either at the pinnacle or very nearly so, within the interest rate cycle."

Arbid is marketing Casa Tranquila in Hampton East, which he says is attracting buyers who want everything that Bayside has to offer.

[smartcode_project:default project_id=113441 project_image_fid=208731]

"It's a true Bayside suburb," Arbid says.

"It shares the Hampton postcode, it's in an area known for parks, the beach, the best schools, restaurants and cafes, all within three or four hundred metres of the front door."

Local downsizers have made up the bulk of enquiry and purchases. There were some first home buyer purchases earlier in the year, but they're not even enquiring now as interest rates have further restricted budgets.

It's taken a bit of time, but agents are reporting that buyers are starting to come into the market

City Beat August 2023: Buyers start to emerge in Melbourne's off the plan market

The <a href="/developments/gold-coast-qld">Gold Coast unit market</a> continues to power ahead in 2023.

August marked another month of plus one per cent gains (1.2 per cent), according to property data analytics firm CoreLogic. The 1.2 per cent&nbsp;topped the growth of Sydney (one per cent) Melbourne (0.3 per cent) and Brisbane (1.1 per cent) in August.

The median value of a unit (which is both apartments and townhouses) is now $692,000, following rolling quarterly gains of 3.7 per cent. Unit values are now 0.3 per cent higher than they were 12 months ago.

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>

<h1>What's happening in the Gold Coast off the plan market?</h1>

Spring is generally the time <a href="/developments/gold-coast-qld">Gold Coast</a> sees the most development launches on the calendar. But as developers monitor construction costs and availability of builders, it might be a quieter period than usual for new project launches.

Ideally developers have their projects hit the market in the lead up to the summer holidays and the Christmas rush, particularly now there's a higher appetite from southern capital city holidaymakers to buy either a holiday home or eventual retirement pad since COVID-19 highlighted the lifestyle factors the Gold Coast has.

It is construction however that is really the pressing matter on the <a href="/developments/gold-coast-qld">Gold Coast</a>.

Dean Muldoon, LJ Hooker New Developments Managing Director, has seen enquiry levels tick up since construction kicked into gear on their LAANI development in Mermaid Beach.

[smartcode_project:default project_id=6997 project_image_fid=185191]

LAANI, which is being by local developer DANKAV who a few years ago completed MALI a 200-metres away on Alexandra Avenue on the fringe of Broadbeach, comprises just 50 apartments across 18 levels, a maximum of four apartments per floor. The BDA-designed project also features a heated lap pool and adjoining day beds, a gym with a sauna, a cinema room, shared office space, a private dining room, and an outdoor sunken lounge and barbecue space.

Muldoon says once a builder has been engaged, buyers know they can work to a more structured timeline, and work out what the next 18 months look like for them leading up to project completion.

The impact of 12 rate hikes since the start of 2022 hasn't really impacted LAANI, with most buyers empty nesters and downsizers.

[smartcode_project:default project_id=6997 project_image_fid=185663]

Kollosche's Head of New Projects Jamie Harrison says the early arrival of spring on the <a href="/developments/gold-coast-qld">Gold Coast</a> has ignited buyer interest.

"We've seen a more discerning buyer emerge recently, seeking greater assurances and taking longer to decide," Harrison says, adding that buyers are also seeking greater certainty around those behind the project and their ability to deliver.

"The <a href="/developments/gold-coast-qld">Gold Coast's new development</a> market is 30 per cent undersupplied meaning those capable of project delivery or with builder access are poised for success."

Kollosche recently launched ARI, the beachfront Main Beach project by the Stamoulis family.

[smartcode_project:default project_id=112163 project_image_fid=216345]

The Main Beach Parade, residents-only tower of 26 half-floor residences and three full-floor sky homes has proven popular for downsizing locals in particular, as well as Brisbane and interstate buyers who want absolute beachfront. They also had similar enquiry at Navini in Bilinga, which is also appealing to lock and leave interstate buyers given its proximity to both the coast and the Gold Coast Airport.

Navini, also under construction on Bilinga's dress circle Golden Four Drive, has just 16 three-bedroom apartments, starting from $2.98 million.

Harrison says believes smaller, boutique projects of between 15 to 30 residences could address the lack of capacity among larger builders while catering to buyer appetite.

The median value of a unit (which is both apartments and townhouses) is now $692,000, following rolling quarterly gains of 3.7 per cent

City Beat August 2023: Gold Coast unit median approaches $700k following August growth 

Central Element has continued to pad out its apartment development pipeline with a $51 million purchase of a prime site in <a href="/developments/bondi-beach-nsw-2026">Bondi Beach</a>.

They've secured over 2,000 sqm across 20-22 Sandridge Street and 21 Wilga Street, an amalgamation of six properties across three lots.

The Nathan Chivas-led developer is intending on developing a boutique collection of ultra-premium apartments and houses, with each residences starting from $20 million.

Each residence will include direct access to the Bondi to Bronte coastal walk, expansive outdoor living, swimming pools, secure car parking, and views across the <a href="/developments/bondi-beach-nsw-2026">Bondi Beach</a> to Ben Buckler headland.<a name="m_9038784936690992334__Hlk139531929"></a>&nbsp;

Chivas said the site,&nbsp;on the headland between Bondi Beach and Tamarama Beach, epitomises the very best of the locale, with residential feel just steps away from vibrant Campbell Parade.

“Our latest acquisition marks an important milestone for CE as we enter the tightly held world-famous location of Bondi Beach," Chivas said.

"Among the suburbs bustling development activity, none rival the unique attributes of this parcel of land. Its generous frontages cater to an ultra-premium boutique project, while its elevated position captures truly unparalleled vistas."

The DA is anticipated to be lodged by end 2023, with construction commencing in 2025/2026.

<a data-entity-type="file" data-entity-uuid="96c38639-4d71-4b75-b1ae-15ff6d677433" href="/new-apartments/20-22-sandridge-street-bondi-beach"><img alt="Bondi" data-entity-type="file" data-entity-uuid="96c38639-4d71-4b75-b1ae-15ff6d677433" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%208.31.36%20am.png?VersionId=xGs5OEqImkaXYruE3RWwYzGvn_WqWd0A" /></a>

The site was sold by Ric Serrao and Alex Lyons from Raine &amp; Horne Double Bay/Bondi Beach. Serrao and Lyons said the Bondi Beach market is one of the most exciting in Australia at the moment, attracting affluent buyers from lucrative industries such as tech, fashion and finance

“We’re seeing apartments commanding more than $100,000 per sqm, with the recent sale of Notts Avenue to Andrew Roberts, former Managing Director of Multiplex, achieving in excess of $125,000 per sqm. Demand for houses is equally buoyant, reflected in the recent sale of 31 Gaerloch Avenue, Tamarama which sold for around $45 million and 12 Bronte Marine Drive in Bronte which fetched around 22.5 million.

The site acquisition comes a few days after CE were <a href="/news/nsw/central-element-to-redevelop-coogees-1860-s-ballamac-house-into-luxury-apartments">green lit for their redevelopment of Ballamac House</a>, the landmark Coogee mansion turned strata building, which they intend on restoring extending into eight luxury apartments. CE are also currently selling Ethos in Chatswood and Bianca Drummoyne on Sydney Harbour.

Chivas said the site, on the headland between Bondi Beach and Tamarama Beach, epitomises the very best of the locale, with residential feel just steps away from vibrant Campbell Parade

Central Element secure prized Bondi Beach site for new apartment development

It's been a busy week at Sarazin HQ.

The developer, who had already made a name for themselves in Woolloongabba well before the announcement of the Brisbane 2032 Summer Olympics, has sought to develop a further 1,300 apartments in what will be the heart of the Olympic precinct.

Having <a href="/news/qld/first-look-sarazin-scale-up-nuage-woolloongabba-apartment-plans">submitted plans to increase the height limit and density</a> for their two-tower Wellington Road development Nuage earlier this week (from 368 to 582), Sarazin has filed a fresh application for their recently acquired site on the other side of the street.

They're seeking to build three towers on the 7,148 sqm site, bringing another 787 apartments to the critically undersupplied Brisbane market.&nbsp;

<a data-entity-type="file" data-entity-uuid="3fb5d597-b0b5-4390-8434-5960489e12fc" href="/new-apartments/hampton-yards-east-brisbane-21-wellington-road-east-brisbane"><img alt="Hampton Yards" data-entity-type="file" data-entity-uuid="3fb5d597-b0b5-4390-8434-5960489e12fc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Track%20Listing%20CTA%20template%20-%20landscape%20%287%29.jpg?VersionId=vZh35e.CBoZjDvvvx1vXMFkvUbGU1pSi" /></a>

The Queensland State Government says 8,500 new dwellings across South East Queensland need to be built ever year until 2045 to keep up with population forecasts.

Sarazin's new project, dubbed Hampton Yards, will be undertaken across three stages. Part of one of the stages will see&nbsp;Sarazin contribute to park upgrades within the park dedication area and the existing Watt Park, which will be renamed Whirling Water Park.

<a data-entity-type="file" data-entity-uuid="f457f4f8-7ca3-43d4-9256-9031e690791e" href="/new-apartments/hampton-yards-east-brisbane-21-wellington-road-east-brisbane"><img alt="Sarazin" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Track%20Listing%20CTA%20template%20-%20landscape%20%2810%29.jpg?VersionId=sRaKjAgWF.6QsfhPzyhzDtDSy4e7_yJn" /></a>

Tower B will be the tallest of the towers proposed at 40 levels, a similar height to the recently filed plans for the tallest tower in <a href="/news/qld/first-look-exclusive-belmonde-plot-over-1-000-build-to-rent-units-in-gabba-heart-precinct">Belmonde and Sun Luxe Group's build to rent proposal, Gabba Heart</a>.

Tower B will have 330 of the 787 apartments, while the 30-level Tower A will have 302 and the smaller 18-level Tower C will have 155. Each tower will have communal rooftop facilities in the shape of infinity pools, gyms, private dining areas, barbecue and outdoor dining spaces, and even a pickle ball court.

<a data-entity-type="file" data-entity-uuid="af4c3138-35b9-4e07-913a-4240f24fc4f2" href="/new-apartments/hampton-yards-east-brisbane-21-wellington-road-east-brisbane"><img alt="Sarazin" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Track%20Listing%20CTA%20template%20-%20landscape%20%289%29.jpg?VersionId=i44aNyRPacDb2CxL8kqsXb3OIF_V5DeM" /></a>

The buildings will rise from podiums which will have commercial spaces and retail spaces at street level. They will sit above&nbsp;seven basement levels of parking which will accomodate 852 parking spaces.&nbsp;

Wild Studio has handled all of the landscaping, and the designs of the new park.&nbsp;

Group CSA led the architecture of Hampton Yards, noting in their submissions that the three towers have been arranged to capture surrounding views.

"The residential towers have been orientated to respond to the existing context such that the taller towers are proposed along Wellington Road, with the tallest tower located at the intersection of Logan Road and Wellington Road, neighbouring the newly proposed public park," their report read in response to the Buildings that Breathe guidelines which were implemented across new developments in Brisbane's LGA in 2020.

<a data-entity-type="file" data-entity-uuid="c6671e92-bcc2-4d29-ae01-3ac6f4044b75" href="/new-apartments/hampton-yards-east-brisbane-21-wellington-road-east-brisbane"><img alt="Sarazin" data-entity-type="file" data-entity-uuid="c6671e92-bcc2-4d29-ae01-3ac6f4044b75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Track%20Listing%20CTA%20template%20-%20landscape%20%288%29.jpg?VersionId=bYUC6U0TdJChchdNDavtpV2DhqLrV8ub" /></a>

Group CSA said access to natural light from the north has been prioritized to residential apartments, with living rooms and bedrooms positioned closer to the façades and bathrooms and kitchens more internally located.

The had previously been approval back in 2017 for three towers with 419 apartments. Saunders Havill Group said in their Town Planning Report that Sarazin's submission is a significantly improved building design compared with the existing approval, with a much clearer podium/tower form and three distinct towers with individual identities.

They said the design attract downsizing and encourage ageing in place.

Saunders Havill noted four other developments in the area which sought to push past the 20-level height limit set for the area.

"The proposals seek to realise the opportunity Woolloongabba and surrounds provides to deliver and support exceptionally located development that is accessed by high frequency public transport, lifestyle amenity and proximity to centres and employment opportunities."

Currently on the Sarazin site is the two-level Gabba Collision Repair Centre and a double storey office/showroom development.&nbsp;

They're seeking to build three towers on the 7,148 sqm site, bringing 787 apartments to the critically undersupplied Brisbane market

First look: Sarazin goes again in Olympics precinct, file plans for Hampton Yards

The record-breaking Queensland developer Spyre Group is set to launch its first Melbourne apartment development, in the Bayside suburb of Hampton.

The boutique project, Hampton Ltd, will see just 20 apartments and three townhouses developed across three three-level buildings on the corner of Thomas Street and Deakin Street, near Hampton Beach and Bayside's entertainment capital Church Street in nearby Brighton.

Spyre Managing Director Daniel Laruccia, who hails from Victoria, said the company's ambition has been to extend&nbsp;the same level of design and innovation down south.

He said the key factor was the location.

“In our pursuit to offer an unmatched living experience for those who desire the extraordinary, we discovered Hampton is the ideal canvas to bring this vision to life - a prime bayside location brimming with untapped potential," Laruccia said.

The two and three-bedroom apartments are expected to be popular among empty nester downsizers and young professionals.

<a data-entity-type="file" data-entity-uuid="4c9320c7-a33b-4c54-9a44-fed7dbcd899f" href="/new-apartments/hampton-ltd-24-thomas-street-hampton-vic-3188"><img alt="Hampton Ltd" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Track%20Listing%20CTA%20template%20-%20landscape%20%285%29.jpg?VersionId=kAi7KGYL6QlkPxGL2.FNOMrDwZ4Uq4gY" /></a>

Architects MLD Studio designed the project, with the interiors crafted by Studio Brent Lee.

Jellis Craig Bayside&nbsp;agent Melina Scriva, who is marketing the project, said Hampton Ltd represented a unique proposition in the area.

“Spyre brings a genuine passion to their projects and an unwavering dedication to exceptional quality," Scriva says.

"Hampton Ltd introduces a bespoke offering that the Bayside community hasn’t seen before.”

Interior layouts are designed around focal points such as the open plan kitchens and master bedrooms, spaces where people spend most of their time. The living area flows around the entertainer’s kitchen where a sculptural island bench, crafted from Vanilish Pearl marble, stands as a statement piece.

<a data-entity-type="file" data-entity-uuid="bac5e003-9ec8-452b-a461-79459c34cf30" href="/new-apartments/hampton-ltd-24-thomas-street-hampton-vic-3188"><img alt="Hampton Ltd" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Track%20Listing%20CTA%20template%20-%20landscape%20%286%29.jpg?VersionId=g9MKOSMQ6okcQ7JcN4GWNceHUFEGxy63" /></a>

The master bedrooms offer generosity of space and abundant natural light. They feature lush wool carpets, and an expansive walk-in wardrobe with feature timber-look joinery.

Spyre has more than $750 million of luxury developments under their belt in South East Queensland, across Brisbane and the Gold Coast.

Laruccia said the company was regarded in Queensland for having the foresight, and ability to conceive projects that enhance the “lifestyle wealth’’ of their residents and Spyre wanted to bring that vision to Melbourne.

“Spyre has identified a genuine demand in the market for aspirational properties that inspire through their design and innovation,’’ Laruccia said.

Spyre’s Moray House development on the New Farm reach of the Brisbane River broke the record for Brisbane’s most expensive apartment sale, when its two-level 800 square metre penthouse <a href="/news/qld/spyre-secure-15-75-million-brisbane-apartment-record-at-moray-house-new-farm-riverfront-development">sold off the plan for $15.75 million in January</a>.

In March last year, the penthouse of Spyre’s Glasshouse development at <a href="/news/qld/spyre-group-smash-queensland-apartment-record-with-20-million-burleigh-heads-penthouse-sale">Burleigh Heads on the Gold Coast sold for $20 million</a>, giving it the title of Queensland’s most expensive off-the-plan penthouse.

[smartcode_project_cta:default project_id=134801]

Spyre Managing Director Daniel Laruccia, who hails from Victoria, said the company's ambition has been to extend the same level of design and innovation down south.



Spyre Group unveil first Melbourne apartment development, Hampton Ltd

Boutique townhouse developer Highlife Homes is approaching completion of its latest Gold Coast townhouse project, Harmoni on Hythe.

Named after its prime position on Hythe Street in Miami, the relatively untapped Gold Coast suburb between Mermaid Beach and Burleigh, the collection comprises just four four-level townhouses.&nbsp;

Highlife Homes, who are a one stop shop as the developer, builder, and even designer, secured the Hythe Street triple site in 2021, with the unbeatable location a big driver in the acquisition.

The development is located opposite Don MacSween Park, next to Redondo Park Tennis Club, and is a short walk to Miami Beach Surf Lifesaving Club and most importantly, just 160 metres to the sand.

[smartcode_project:default project_id=140364 project_image_fid=218338]

Highlife is led by founders Elyse Hickey,&nbsp;who previously owned her own creative marketing agency, and her husband James, who has over 20 years in the building industry having ran his own carpentry business.&nbsp;

Harmoni on Hythe is their latest in a string of successful townhouse projects they've developed across the southern Gold Coast for over a decade.

The striking side-by-side townhouses have been cleverly designed to cater for everyone from a downsizing family with kids and grandkids, to a weekender for a Brisbane city dweller, given its location just 160 metres from the beach.

They each have four bedrooms, but the fourth bedroom, on the top level of the townhouse, is also designed to be a perfect multi-purpose space or second living room, given it opens out onto the outdoor roof terrace. That features a full outdoor barbecue kitchen, and gun barrel views to the palm tree-lined beach.

[smartcode_project:default project_id=140364 project_image_fid=218340]

The remaining three bedrooms are located on level two of the townhouse, below the main kitchen, living and dining area on level three. Level one homes a garage, utility room, and storage space.

All up the townhouses have 245 sqm of living space including balconies, with a further 60 sqm of terraces and courtyards. Each courtyard has its own shower, an added feature designed for residents to wash off the sand, rinse the surfboard, or clean the dog.

[smartcode_project:default project_id=140364 project_image_fid=214023]

Highlife, always one-step ahead, future-proofed the townhouses for those looking long term, installing an internal private lift in each home.

Miami Beach stands as a genuine treasure, offering a serene retreat from the hustle and bustle of daily life. Whether one is leisurely wandering along the soft sandy coast, partaking in water sports, or simply luxuriating under the warm sun, the ambiance in Miami beach sets the stage for crafting enduring moments.

“More than just an enviable address, Miami Beach holds a distinct charm,” remarks James MacQueen, Property Agent for Highlife Sales.

Miami Beach, situated upon an unspoiled and spacious shoreline, is home to a lifestyle-embracing populace. With an impressively extended 50% longer average duration of homeownership compared to the neighbouring areas of Burleigh and Mermaid, it's evident that the locals take pride in calling Miami Beach home.

The team are just putting the final touches to the townhouses, which are expected to be ready for occupancy by November.

[smartcode_project_cta:default project_id=140364]

Highlife Homes, who are a one stop shop as the developer, builder, and even designer, secured the Hythe Street triple site in 2021

Harmoni on Hythe offers rare luxury townhouses in Miami

Sarazin is continuing its push to change the face of Woolloongabba ahead of the 2032 Brisbane Summer Olympics.

Following on from Silk One, their completed and sold out Stanley Street tower looking down into The Gabba from its rooftop, Sarazin has updated its plans for their&nbsp;two-tower development, Nuage, just two streets away.

They've submitted fresh plans for the 4,057 sqm site across 6-18 Wellington Road and 25 Nile Street. They're now seeking to create tower 37 and 27-level towers, which will home 582 apartments.&nbsp;Previously they sought side by side 20-level towers with 368 apartments. That application was approved in October 2022.

The original plans sought to stay in line with the Woolloongabba Centre Neighbourhood Plan height limit of 20 levels, however a number of developers are now seeking to go higher in light of the Olympic nod, as well as the forecasted population boom highlighted in the recently published Draft Shaping SEQ Report 2023.

<a data-entity-type="file" data-entity-uuid="788c0f3e-3e09-4b5d-ac02-127f92e76523" href="/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba"><img alt="Nuage" data-entity-type="file" data-entity-uuid="788c0f3e-3e09-4b5d-ac02-127f92e76523" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-30%20at%204.38.53%20pm.png?VersionId=3VavfimuiNCnw2RUcMocXsPvLNK72pMF" /></a>

The Town Planning Report by Saunders Havill Group highlighted Station Square, the $1.2 billion, five-tower Trenert development, which will be up to 40 storeys, and the <a href="/news/qld/first-look-exclusive-belmonde-plot-over-1-000-build-to-rent-units-in-gabba-heart-precinct">recently filed Gabba Heart build to rent plans</a> for 41 levels. They also called out the 30-level Trilogy development by Arden Group, Silk Three, also by Sarazin, which will rise up to 32 levels, and Canopy by Aria which will reach 30 levels.&nbsp;

Saunders Havill also cited Brisbane City Council's support of increased&nbsp;development height for other areas that are located further away from the city centre, where located close to public transport nodes such as Buranda (25 storeys) and Toowong (up to 30 storeys).

"The uplift in housing/building height at this location supports the function of the core precinct where the greatest intensity development is to occur," Saunders Havill suggested of Woolloongabba.

"The addition of dwellings to the approved towers is an opportunity to unlock the potential of Woolloongabba to contribute solutions to the dire housing shortage currently impacting upon – and projected to continue to cripple – Brisbane’s residential supply if left unabated."

<a data-entity-type="file" data-entity-uuid="6d824f1a-cbd7-4c00-925b-88874f2b2a51" href="/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba"><img alt="Nuage" data-entity-type="file" data-entity-uuid="6d824f1a-cbd7-4c00-925b-88874f2b2a51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-30%20at%204.51.10%20pm.png?VersionId=SHUYZ.iLItF.XNpvVVzBHI8A3Y42jCEq" /></a>

They said the proposed&nbsp;additional height heavily aligns with the neighbourhood plan and the Core Precinct overall outcomes for Woolloongabba.

"The Planning Scheme clearly articulates the desire to incorporate high densities and mixed-use development in this location."

They said residents of the proposed&nbsp;230 additional dwellings of Nuage will be able to move freely through the city with the nearby Cross River Rail and Brisbane Metro stations being less than 500m away, therefore the&nbsp;proposed change in dwelling numbers will not place significant additional demand on the surrounding road network and will reduce daily reliance on private vehicles.

Part of the new plans will also incorporate a private and public rooftop observatory to be operated&nbsp;in partnership with the University of Queensland and Big Questions Institute to advance the knowledge-based, scientific and public interest realm of inner Brisbane. That will sit on the top of the taller tower.

&nbsp;

<a data-entity-type="file" data-entity-uuid="3396de8e-eb08-43e9-b142-24356c9a6bb1" href="/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba"><img alt="Nuage" data-entity-type="file" data-entity-uuid="3396de8e-eb08-43e9-b142-24356c9a6bb1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-30%20at%204.50.23%20pm.png?VersionId=04ePHUefqiqSAL1y6AWAmQAfu0V7xtUk" /></a>

There's not been too much change in the design by HAL Architects, who suggested&nbsp;in their Architectural Design Statement submitted to the Brisbane City Council that Nuage, French for cloud, is a living, breathing, architectural statement.

"Nuage's cloud-like form combines the integral concepts of light, air and a strong architectural intent to enhance the subtropical experience within the building and create an iconic landmark.

"The flowing organic forms of the residential towers improve the subtropical opportunities of the building by offering a greater external surface for light, ventilation and views. These forms create an iconic visual form to Brisbane's ever-changing skyline."

The Nuage towers will sit above a five-level podium and an arcade precinct with commercial spaces, which will home a mix of restaurants, cafes, retail spaces, or offices.

Sarazin is currently selling Murcia Residences, within the Woolloongabba area but on the border of East Brisbane.

[smartcode_project_cta:default project_id=112283]

HAL Architects said Nuage, French for cloud, is a living, breathing, architectural statement

First look: Sarazin scale up Nuage, Woolloongabba apartment plans

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>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

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

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