Premium boutique developer builder Made Property has achieved the highest score to date by the KPMG Origins Building Trustworthy Indicator (BTI).

They scored a BTI 4* on its recently completed Drummoyne apartment development The Isles. It's the first 4+ score received by a development in NSW.

The Building Trustworthy Indicator, created by KPMG Origins with the NSW Office of the Building Commissioner, uses an industry developed calculation by combining data provided by the developer on materials, processes, and participants of a fully constructed building to provide a Trustworthy Indicator score after the issue of an occupation certificate.

BTI differs from other ratings like iCIRT as BTI is focusing on the trustworthiness of the building itself, not the counterparty assessment of builders. BTI is a one-off indicator issued for the building after completion,&nbsp;KPMG Origins’ Lead Partner Laszlo Peter says.

“The Building Trustworthy Indicator shows that a building has been assessed against the best available construction industry evidence and standards. Investors, residents, or future tenants can have a higher level of trust in the building as demonstrated via our industry-developed indicator."

Peter says the Building Trustworthy Indicator is a metric that gives NSW buildings and the construction industry a greater trust and transparency.

Made Property was one of the first developer / builders in NSW to obtain an iCIRT in 2022 for their company. The Isles Drummoyne project is the first to gain a BTI 4* “Leading” indicator.”

<img alt="MADE Drummoyne" data-entity-type="file" data-entity-uuid="1d1ec2c8-9201-4157-a06d-ee7302e94dd2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-30%20at%2012.00.53%20pm.png?VersionId=6VVS8ESKqlcs9RRCVvt.agDO3dOLsPnf" />

Made Property’s Construction Director, Darren Power, said Made Property is delighted to have achieved the highest score received by a builder developer in NSW.

“Our in-house construction team takes tremendous pride and pays meticulous attention to every detail in the construction and delivery of our premium residential projects, ensuring that every step of the process is delivered to the highest of construction standards," Power said.

“The Isles Drummoyne was an exciting project for us to showcase our excellence in design and construction. As a leading builder developer, we are committed to supporting initiatives from the NSW Government that improve the trust and transparency in the residential construction sector.

“We had every confidence that we would receive an exceptional score as our highly experienced and dedicated team delivers residential homes of the highest design and construction standards for our customers. The proof is in the delivery, and we have many happy new homeowners who are delighted with their stunning new harbourfront residences.”

Located on a harbourside plot at the heart of Drummoyne’s highly coveted St Georges Crescent, The Isles comprises a collection of nine luxury waterfront residences with its own secluded beach and private jetty. Designed to balance indoor and outdoor lifestyles, these expansive apartments maximise style and location with generous living and entertaining areas opening to balconies that overlook a secluded harbour garden.

David Chandler, NSW Building Commissioner said Made Property is leading the industry as one of the first trustworthy developers to have both a BTI and an iCIRT rating. &nbsp;

"A growing number of companies like Made Property are embracing the need for industry leaders to show the way, as we all commit to restoring our industry’s brand."

Made Property have recently launched their latest harbourside development&nbsp;Corsa Mortlake, an absolute waterfront residential development positioned adjacent Breakfast Point. The project comprises just 20 luxury three-bedroom apartments and a 23-berth marina.

They're also hoping to complete their Neutral Bay apartment development, Crenelle, by Q3 2024.

Made Property was also one of the first developer / builders in NSW to obtain an iCIRT in 2022 for their company.

Joel Robinson

Made Property secure KPMG Origins ’Building Trustworthy Indicator’ top score for Drummoyne apartment development The Isles

Construction has officially kicked off at LAANI, the newest apartment development to hit the exclusive Gold Coast suburb Mermaid Beach.

The Alexandra Avenue development of just 48 apartments by DANKAV is expecting to be complete at the end of 2024.

LJ Hooker Broadbeach agent Dean Muldoon, who is selling LAANI, said activity on site is now one of the biggest milestones, with the need to instil confidence in buyers more paramount than ever.

"There is an exceptional amount of interest in Laani Mermaid Beach as construction has really kicked into gear onsite," Muldoon says.

"Once that 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."

&nbsp;

[smartcode_project:default project_id=6997 project_image_fid=185663]

The confirmation of the build has been the most important milestone at LAANI, with Muldoon pointing out that the interest rate rises hasn't really affected their purchasers.

"We’ve found&nbsp;most of the buyers at LAANI are empty nesters and downsizers, so the recent interest rate hike cycle has little impact on their purchasing power or interest in the project," Muldoon says.

Most of the empty nesters and downsizers have come from within five kilometres of the Alexandra Avenue project on the fringe of Broadbeach, while there's been a few from Brisbane looking for a weekender.

[smartcode_project:default project_id=6997 project_image_fid=185194]

LAANI comprises 48 two and three-bedroom apartments, starting from $1.15 million.&nbsp;

There's a whole floor of resident amenity of level 10 in the form of&nbsp;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.

[smartcode_project:default project_id=6997 project_image_fid=185664]

Muldoon says a big plus is being able to point to DANKAV's most recently completed apartment development, Mali, less than 200 metres down the road.

"LAANI is the sister project of Mali, which really resonated with Gold Coast locals when it sold out a few years ago."

A recent resale in the building saw a two-bedroom apartment sell for $1.6 million, three years after it was bought for $930,000 off the plan.

Dankav is led by local developer Daniel Veitch, who has created a number of apartment developments on the Gold Coast, as well as mixed-use projects and luxury homes on Hamilton Island.

[smartcode_project_cta:default project_id=6997]

The Alexandra Avenue development of just 48 apartments by DANKAV is expecting to be complete at the end of 2024

Construction kicks off at LAANI Mermaid Beach apartment development

The redevelopment of the former Balmain Leagues Club has taken a big step forward.

The Inner West Council has signed off on amendments to <a href="/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a>, the new apartment and retail precinct by Sydney developer Heworth. The amendments were to improve the&nbsp;original design scheme, namely changing the retail plaza and designs of the apartments.

<a href="/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> is set to significantly enhance and complement the local retail precinct and provide a new community hub for the much-loved inner-west suburb.

Read more:&nbsp;<a href="/news/nsw/rozelle-village-set-to-become-the-new-community-hub-of-the-community">Rozelle Village set to become the new community hub of the community</a>

<a data-entity-type="file" data-entity-uuid="677c8560-ff04-485f-9023-513735aa497e" href="/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039"><img alt="Rozelle" 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%283%29.jpg?VersionId=9eqEwt17W270rLBe4o9EIaGTG5QKzI.K" /></a>

The site, located on the prominent corner site of Victoria Road, Darling and Waterloo Streets, was originally approved to develop 167 apartments across three towers, with all buildings connected above a shared retail and commercial podium.

Heworth has worked closely with architecture practice Scott Carver to improve the overall design scheme to ensure the final development will become a welcomed new addition and destination for the local community. The commercial area will include a new, state of the art, Wests Ashfield Leagues Club.

The amendments see apartment numbers drop from 167 to 149, and the mix change to increase the number of&nbsp;two bedroom and three bedroom apartments.

<a data-entity-type="file" data-entity-uuid="b1750562-39c5-440c-842e-7bba96877b01" href="/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039"><img alt="Rozelle" 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%282%29.jpg?VersionId=HZQWX3uf7h3Tj9vFKbATmh_HS_3PkgIL" /></a>

Heworth Head of Property, Chris Walsh said the significant improvements to&nbsp;the overall design scheme will benefit the local community, as well as residents.

“A key focus of our development is a new village square, public plaza and major retail and hospitality podium connected by a series of laneways," Walsh said.

"It’s going to significantly contribute to Rozelle and become a major community meeting place and destination.

“Our apartment mix, now reduced in number to 149, will comprise an increased number of larger two and three bedroom apartments as we feel the larger size floor plates and premium interior architecture, fixtures and fittings, will appeal to discerning local owner-occupiers, particularly downsizers.”

Rozelle Village’s bespoke retail precinct will be anchored by a major supermarket, providing greatly increased convenience to the local area.

Early site works are now underway with demolition planned to commence later in 2023. Rozelle Village is expected to be completed by 2026.

[smartcode_project_cta:default project_id=8142]

Rozelle Village is set to significantly enhance and complement the local retail precinct and provide a new community hub for the much-loved inner-west suburb

Rozelle Village gets closer to launch after improved plans greenlit

Kokoda Property has unveiled Ruby Ruby, their third Brisbane apartment development and second in the heart of Milton.

Ruby Ruby, 144 Cottee Parker-designed apartments across a 21-level tower at 12 Crombie Street, follows the successful The Ambrose, just 400 metres away in Milton, and Kokoda's first Brisbane foray, Chester &amp; Ella in nearby Newstead.

Ruby Ruby has two and three-bedroom apartments,&nbsp;ranging in size from 65 sqm to 155 sqm and priced between $654,000 to $2,495,000.

[smartcode_project:default project_id=139032 project_image_fid=231172]

The Ruby Ruby Penthouse Collection, which has interiors by Carr Design, has just eight penthouses comprising six sub penthouses and two master penthouses&nbsp;ranging from 188 sqm to 392 sqm and starting from $3.75 million.

Now a staple of Kokoda's, Ruby Ruby residents will have access to a full suite of recreational facilities.&nbsp;Amenities include a large rooftop infinity pool with a landscaped BBQ space and deck, floating daybeds and cabanas, fire pit, and a private dining and bar area.

There's also a&nbsp;state-of-the-art private cinema lounge, billiards room, versatile meeting rooms, dog wash as well as a health and wellness space with sauna, spa, plunge pool, yoga studio and a fully equipped gym.

[smartcode_project:default project_id=139032 project_image_fid=231171]

Kokoda Property Founder and Managing Director Mark Stevens said the team has carefully considered the inclusion of extra, premium amenities.

“Ruby Ruby is packed with an incredible range of extensive amenities that offer buyers an elevated luxury apartment living experience in Brisbane,” Stevens said.

Read more:&nbsp;<a href="/news/qld/how-a-love-of-architecture-inspired-a-move-into-property-development-five-minutes-with-kokodas-mark-stevens">How a love of architecture inspired a move into property development: Five minutes with Kokoda's Mark Stevens</a>

Stevens said Brisbane is&nbsp;rapidly transforming into a new world city.

"Its culture, business centre, technology, and lifestyle is evolving with over $40 billion of infrastructure investment planned, so naturally there is a shift occurring with demand now skewed towards sophistication and luxury residential design.

“Milton is a beautiful, yet sometimes overlooked gem within Brisbane. It is a haven for discerning individuals who are after a refined inner-city lifestyle close to the hustle and bustle of the CBD as well as the banks of the Brisbane River.

“Ruby Ruby will not only elevate the area, but add to the already diverse and cultured precinct."

<a data-entity-type="file" data-entity-uuid="deb5b34e-1873-4639-b09b-cec8bab4678c" href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">[smartcode_project:default project_id=139032 project_image_fid=231170]</a>

Cottee Parker has drawn inspiration from Milton’s rich history, in particular its once thriving cotton production industry. The architectural design captures the essence of this historical connection by utilising elements reminiscent of woven textures, lightweight and flowing forms, and the use of natural materials. The tower’s perforated mesh screen façade speaks to delicate ‘voile’ fabrics and further embodies Milton’s past.

Cottee Parker Principal (Interiors), Dee Passenger, said that the internal material palette echoes a similar design language that takes inspiration from Milton’s history.

“Internally, we’ve blended organic feature joinery, flowing curves, textural transparent features and weaving forms to create a captivating, luxury living experience,” Passenger said.

[smartcode_project_cta:default project_id=139032]

Ruby Ruby, 144 Cottee Parker-designed apartments across a 21-level tower at 12 Crombie Street, follows the successful The Ambrose and Chester & Ella

Kokoda unveil Ruby Ruby apartments in Brisbane's Milton

Investors are scrambling to get a piece of the recently completed $1 billion, four-tower Melbourne development, West Side Place.

The majority of investors are seeing double-digit rental yields in the Spencer Street project on short-stay accomodation platforms, given the prime location&nbsp;opposite Southern Cross Station, Spencer Outlet Centre, and Marvel Stadium.

Investors likely won't have any trouble leasing long-term either in the sought-after development, and will be securing yields they haven't seen in a number of years. Melbourne rents have jumped 12.9 per cent over the year to July 2023, the second best performing capital only behind Perth (13.9 per cent). The REIV have Metro Melbourne's vacancy rates at just 2.2 per cent.

[smartcode_project:default project_id=1270 project_image_fid=217067]

Nest Projects Director Nick Marinakis, who is marketing West Side Place on behalf of developer Far East Consortium, says the rental yields being achieved at West Side Place are being driven both by what the building offers just as much as the current rental crisis.

"There are two reasons why investors are securing such a good return at West Side Place. First is the current rental crisis which is driving prices, and the second is the location of West Side Place, which is second to none in the city."

The amenity, both in and out of the building, has been a major driver at West Side Place. Within the development there's a swimming pool with steam room and sauna, a gymnasium with an open terrace, function and meeting rooms, open terraces with seating and BBQ facilities, a private cinema, and even karaoke and virtual golf facilities.

"The amenity on offer at West Side Place means investors can reasonably have considerably higher returns than they would in other CBD buildings," Marinakis says.

[smartcode_project:default project_id=1270 project_image_fid=217070]

Prices start at $550,600 for the one-bedroom, 60 sqm plus apartments, which have a study space and secure parking for one car.

Two-bedroom apartments, which start from over 70 sqm, are priced from $708,000.

It was a decade ago that Far East Consortium signalled their intentions for the $2 billion plus West Side Place development, securing a prime Spencer Street site in 2013. They spent the next three years in the development an design phase with Cottee Parker before launching in 2016. It still stands as one of the largest developments in Melbourne's history.

Completed apartments in the Melbourne CBD have proven popular on Apartments.com.au over July and August, with investors keen on taking advantage straight away of the high rental demand and forecasted population boom in the Victorian capital.

First home buyers have also looked to completed, inner-city apartments to try and get out of the rental market. They offer great value, and despite interest rates being higher than we've seen in the last few years, first home buyers are still able to pay down a mortgage for less than what they're paying renting a similar apartment.

[smartcode_project_cta:default project_id=1270]

Nest Projects Director Nick Marinakis says the rental yields being achieved at West Side Place are being driven both by what the building offers just as much as the current rental crisis

Why Melbourne apartment development West Side Place is attracting investors

Lewis Land Group’s recently approved $1.5 billion Harbour Shores master planned community in Biggera Waters has been awarded a 6 Star Green Star Communities V1.1 rating by the Green Building Council of Australia.

A score of 84 points makes&nbsp;Harbour Shores the highest rated Green Star Community on the Gold Coast. Launching later this year, the 16-hectare community will be entirely fossil-fuel free and feature extensive energy efficiency, sustainability and community building initiatives, and more than 80 per cent of construction waste will be either reused or recycled.

The 6 Star Green Star Communities V1.1 accreditation signifies ‘World Leadership’ and sets the highest standards and practices across environmental, social, and economic sustainability criteria.

[smartcode_project:default project_id=113271 project_image_fid=214288]

The Green Building Council of Australia’s Chief Impact Officer, Jorge Chapa, applauded Lewis Land Group on the achievement.

“Lewis Land Group has shown that they are a leader on the Gold Coast and are setting a high standard delivering a fossil-fuel free precinct,” Chapa said.

"Their Harbour Shores masterplan is an outstanding example of a future-focused precinct that will have a positive impact on people and the planet. We look forward to seeing how this healthy, green space is embraced by the local community."

Lewis Land Group is Australia’s oldest privately held property development group with a history of creating communities that spans more than 65 years. The late Bernard Lewis founded the company in 1957.

Lewis created&nbsp;Ephraim Island, the prestigious precincts of The Sovereign Islands, and Harbour Town Premium Outlets Gold Coast, the first and largest outdoor outlet retail centre in Australia, back in 1999.

[smartcode_project:default project_id=113271 project_image_fid=247282]

Lewis Land Group Director Marnie Lewis-Millar said the opportunity to masterplan a site as significant as Harbour Shores came with a responsibility to consider scale and sustainability.

“Achieving a 6 Star Green Star Communities rating reinforces the value we place on actively investing in our communities and driving sustainable outcomes through world-class urban planning and our philanthropic endeavours,” she said.

“It’s a commitment to community as much as it is a commitment to sustainability and positive environmental outcomes.

“We are especially proud that it will also be Lewis Land Group’s first 6 Star Green Star community and the highest rated community of its kind on the Gold Coast.”

Harbour Shores is located directly opposite Harbour Town Premium Outlets and features 1.2 kilometres of canal frontage with direct access to the Gold Coast’s Broadwater.

[smartcode_project:default project_id=113271 project_image_fid=214288]

Lewis Land Group’s Head of Development, Michael Long, said more than 54 per cent of the masterplan is dedicated to open green spaces, landscaping and communal areas, and a diverse range of villa and apartments will embrace the waterfront and park-front edges.

“Harbour Shores incorporates the very latest in climate adaptation and resilience plans and is entirely fossil-fuel free, chiefly through electricity infrastructure to power the site, solar energy, and the omission of natural gas for operational energy,” Long said.

“Its future-focused design also creates opportunities for residents to shape a vibrant village atmosphere alongside a high level of amenity, activity, and inclusiveness.”

Lewis Land Group partnered with leading sustainability consultancy dsquared throughout the planning and design process to maximise sustainability outcomes.

Upon completion Harbour Shores will deliver more than 2,000 dwellings, communal open spaces and parklands, a waterfront boardwalk, private marina berths, retail and commercial spaces, and a range of resident amenities including lagoon-style pools, clubhouse and tennis court, and childcare facilities.

[smartcode_project_cta:default project_id=113271]

A score of 84 points makes Harbour Shores the highest rated Green Star Community on the Gold Coast

Lewis Land Group's $1.5 billion Harbour Shores development awarded top Green Star accreditation

Brisbane developer <a href="/developers/oakridge-property-group">Oakridge Property Group</a> has secured development approval for its 144-apartment <a href="/developments/upper-mount-gravatt-qld-4122">Upper Mount Gravatt off the plan apartment development</a>, Pavilion The Residences.

They're seeking to launch the <a href="/new-apartments/pavilion-the-residences-upper-mount-gravatt-110-klumpp-road-upper-mount-gravatt">110 Klumpp Road project</a> in the coming months.

<a data-entity-type="file" data-entity-uuid="a1733fa5-b8df-4f63-95d5-8c0f385bd37c" href="/new-apartments/pavilion-the-residences-upper-mount-gravatt-110-klumpp-road-upper-mount-gravatt"><img alt="Pavilion" data-entity-type="file" data-entity-uuid="a1733fa5-b8df-4f63-95d5-8c0f385bd37c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-29%20at%2012.39.07%20pm.png?VersionId=FtkLihAGcLkz1ACy4zQ.szmFOijwL7Be" /></a>

They've partnered with local builder developer CS Development Group for the project on Brisbane's southside, alongside Mimiosa Creek nature reserve.

Designed by MAS Architecture Studio, Pavilion will comprise three five-level buildings, with a mix of one, two and three-bedroom apartments and a resident swimming pool, barbecue area, a striking water feature, and secluded garden rooms.

<a data-entity-type="file" data-entity-uuid="378775d4-8483-4fea-9062-25677526a9d0" href="/new-apartments/pavilion-the-residences-upper-mount-gravatt-110-klumpp-road-upper-mount-gravatt"><img alt="Pavilion" data-entity-type="file" data-entity-uuid="378775d4-8483-4fea-9062-25677526a9d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-29%20at%2012.39.10%20pm.png?VersionId=MbXyldjPycXEJQMJ84Q1SqzXvRSY9klM" /></a>

Pavilion will be the second project <a href="/developers/oakridge-property-group">Oakridge</a> are working on with CS Development Group. The duo have teamed up to deliver Oakridge's Lumina at Stones Corner project, which has just officially started construction.

Piling and excavation works for the development will follow the recent completion of demolition works.

Lumina is the latest in a series of new residential developments in the Stones Corner urban village, which is undergoing a significant gentrification due to its near city location, transport connections, Hanlon Park, café culture and close connection to the Brisbane 2032 Olympics and Paralympics hub.

[smartcode_project:default project_id=112745 project_image_fid=207748]

Oakridge Founder and Director Andrew Niven said Lumina has struck a chord with everyone from young professionals buying their first home, to downsizers looking for an easier lifestyle close to everything they need and local investors wanting to maximise the strong market drivers.

“Lumina shows that well-designed and well-priced apartments in prime Brisbane locations and delivered by experienced developers are in strong demand," Niven said.

“We’ve taken the valuable market feedback from the Lumina sales campaign to inform the apartment mix and design at Pavilion, ensuring it aligns with what buyers are seeking.”

<a href="/developers/oakridge-property-group">Oakridge</a> has just completed their premium Taringa apartment development, The Addison.

They've partnered with local builder developer CS Development Group for the project on Brisbane's southside, alongside Mimiosa Creek nature reserve

Oakridge unveil Upper Mount Gravatt apartment development, Pavilion The Residences

Gordon Corp and pub baron Bruce Mathieson have launched their eagerly anticipated Mantaray Marina and Residences on The Spit, the first development to be delivered under The Spit Master Plan.

The $300 million mixed-use project, which is also the first new development on The Spit since Palazzo Versca,&nbsp;Sheraton Grand Mirage and Mariner’s Cove more than two decades ago, has already seen two $12 million villas sell to one Gold Coast family.

Gordon said the project is the first of its kind, with private amenities including a floating members-only lounge in the heart of the superyacht marina, a health and wellness club, resort-style pool, and access to the private grounds of Rivermead Estate in the Gold Coast Hinterland.

“The Mantaray provides access to a very private world,” Gordon said.

“With height limits on The Spit capped at three-levels, we saw an opportunity to deliver something truly boutique yet grand in scale, with an emphasis on lifestyle, outlook and space.”

<img alt="Mantaray" data-entity-type="file" data-entity-uuid="617caf4b-d038-4f29-82bf-ccced8f7f37f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-29%20at%2010.48.27%20am.png?VersionId=lyA9PtuWUxlzAxHUXuA82fibPGUocDJr" />

The Rothelowman-designed residences comprise 24 two, three and four-bedroom apartments, villas and penthouses alongside a 67-berth superyacht marina, resort facilities and The Mantaray Club – an exclusive members-only on water lounge. Designed to ‘Platinum’ Gold Anchor status, the superyacht marina will provide long and short-term berth leasing, immediate ocean passage through the Gold Coast Seaway and year-round deep-water access, world-class marina operations, on-site security, and full-service concierge.

An activated retail plaza designed to create a strong link between The Broadwater and the Pacific Ocean will connect the precinct to its surrounds and provide access to leading restaurants and cafes.

[smartcode_project:default project_id=110018 project_image_fid=216339]

“The Mantaray Club is the centrepiece of the superyacht precinct, providing an unrivalled marina and clubhouse experience,” Gordon added.

“Here, residents and members can enjoy the highest standards of personal service including an arrival and departure lounge, restaurant and bar facilities, sun deck, and private dining and meeting rooms.

“Members of The Mantaray Lounge also have access to general superyacht marina operations, boat and berth hire facilities, marina security services, and a full-service concierge encompassing everything from repairs and maintenance to events, catering and coordinating onboard personnel.”

<img alt="Mantaray" data-entity-type="file" data-entity-uuid="0677695f-4b73-49e1-87af-88d70d70c085" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-29%20at%2010.48.35%20am.png?VersionId=SJAkEUFsBnjS19D.G0WePYL12DI31.4u" />

Gordon said local buyers dominated the pre-launch enquiries, which he puts down to their innate knowledge of, and connection to, The Spit.

“Those who live and breathe the Gold Coast are very passionate about The Spit, they have a connection to this place and understand the rarity of the opportunity,” he said.

[smartcode_project:default project_id=110018 project_image_fid=216340]

“There are only a finite number of residences that can ever be built on this protected peninsula, with the balance of developable land predominately dedicated to hotel and recreation uses.”

He said the family members who have purchased the two four-bedroom villas at The Mantaray are downsizing from their homes in Paradise Waters and were drawn to the privacy, security and absolute waterfront position of the homes.

Gordon Corp quietly opened the doors to its $5 million, 800 sqm sales display in May, transforming the former Golden Door Health Retreat into an ultra-luxury display suite and residence.

Two and three-bedroom residences start from $4.1 million, four-bedroom roof terrace residences start from $11.1 million, and the penthouse collection starts from $14.4 million.

[smartcode_project_cta:default project_id=110018]

&nbsp;

Gordon said local buyers dominated the pre-launch enquiries, which he puts down to their innate knowledge of, and connection to, The Spit

Gordon Corp launches Mantaray Residences on The Spit with two $12 million sales

ICD Property has signed a deal with globally-renowned SH Hotels &amp; Resorts – a sustainable hotel brand management company and affiliate of global private investment firm Starwood Capital Group – to bring the Treehouse Hotel brand to Adelaide's $400 million Market Square development.

Treehouse Hotels was chosen following a competitive hotel operator campaign to ensure the most appropriate and complementary offering was selected for the Market Square precinct.

The announcement comes as hundreds of global hotel delegates descend on Sydney for two high profile events, HICAP ANZ (Hotel Investment Conference Asia Pacific Australia New Zealand) and the No Vacancy Hotel and Accommodation Industry Expo.

[smartcode_project:default project_id=104946 project_image_fid=218791]

ICD Property Deputy Managing Director Sal Quah said this exciting collaboration will bring a new level of innovative design to the heart of Adelaide.

“Treehouse Hotel will create a one-of-a-kind hotel experience for Adelaide that blends seamlessly with the lively atmosphere of Market Square,” Quah said.

“Our strategic partnership with Treehouse Hotels reflects our shared commitment to providing an exceptional guest experience while minimising environmental impact.

“We worked closely with hotel consultant Axsia HTL on hotel positioning, design and integration within the mixed-use development, ensuring the best outcome for the project and Adelaide.

“Treehouse Hotel seamlessly harmonises with the diverse offerings of Market Square, creating a dynamic and convenient experience – guests can enjoy easy access to a vibrant retail scene, ensuring that everything they need is within reach, while visitors to the precinct will be able to enjoy the hotel’s restaurant and bar.”

[smartcode_project:default project_id=104946 project_image_fid=218792]

SH Hotels &amp; Resorts CEO Raul Leal said the Australian hotel market is the perfect setting for an original and upbeat lifestyle hotel.

“We were drawn to the history and the energy of the Adelaide Central Market precinct and we are thrilled to be part of its exciting future. We believe this partnership will elevate both Market Square and the hospitality industry as a whole,” Leal said.

“Treehouse Hotel at Market Square will creatively capture the carefree comfort, freedom and nostalgia of childhood that appeals to all of us.”

[smartcode_project:default project_id=104946 project_image_fid=218790]

City of Adelaide Lord Mayor, Dr Jane Lomax-Smith, said the addition of Treehouse Hotels to the Market Square precinct will provide immense benefits to the city.

“Market Square will generate local employment opportunities and long and short term accommodation to support the growth of the city,” Lomax-Smith said.

“This new 248-room hotel will not only attract tourists from near and far but will also contribute to the economic vitality of the city, positioning Adelaide as the ultimate destination in Australia.”

In addition to the 248 guest rooms and suites, the hotel will offer a restaurant and bar with outdoor seating, a street front café with local offerings, more than 500 sqm of indoor and outdoor event space and more than 230 sqm of high-quality fitness and wellness facilities.

The Market Square development will be delivered in stages with the expected completion of the commercial component in 2025, the retail area in 2026 and the residences across 2025 into 2026.

ICD Property Deputy Managing Director Sal Quah said this exciting collaboration will bring a new level of innovative design to the heart of Adelaide

Adelaide's Market Square to home Australia's first Treehouse Hotel

Leading property developer Mirvac has teamed up with interior designer Brahman Perera to style the resident only spaces at their new Melbourne apartment development, The Albertine.

Brahman Perera, more commonly known as Brem, is behind the interiors of some of Australia's favourite restaurants, including Entrecote in Prahran and Ursula's in Sydney's Paddington.

Working in collaboration with Mirvac Design, Brem has been tasked with styling The Albertine's&nbsp;lobby and concierge area, resident’s Elysian&nbsp;‘private dining’&nbsp;Room, and The Albertine’s Experience Gallery, which provides future residents&nbsp;with a preview of&nbsp;what’s to come.&nbsp;

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Brem said he wanted&nbsp;to create a layered landscape of new and treasured pieces that allow each space to feel warm and honest, encapsulating a contemporary lived-in feeling, with inflections of affability with locally made and designed furniture, in line with the vision to create a layered life of luxury.

“Throughout &nbsp;The Albertine’s Experience Gallery,&nbsp;there are amazing pitted and charred timber pieces and tables by Bieemele, a furniture maker based in Red Hill, as well as a large custom timber and sand-cast iron dining table from another local designer, Daniel Barbera.

The artwork was selected to embody and represent local artists, with paintings by&nbsp;Eleanor Louise Butt, Stephanie Jook, and Elefteria Vlavianos, Brem's favourite piece is a solid oak sculptural totem by Hugh McCarthy.&nbsp;

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The $200 million project will home 98 large format one, two and three-bedroom apartments across 15 levels at 31 Queens Lane, a prime 2,323 sqm site just off Albert Park.

It features extensive amenity focussed on&nbsp;health and well-being. The Circadian Club, intended to echo a rejuvenating urban sanctuary, comprises an indoor pool and spa, state-of-the-art gym, yoga and pilates studio and sauna. The Elysian Room will be a residents exclusive dining space on level 10, enjoying sweeping views across Melbourne.

The Albertine marks Mirvac’s third apartment launch announcement in Victoria in six months, following the successful sales launch of Trielle at Yarra’s Edge and Prince &amp; Parade in in Brunswick.

Mirvac is also preparing to launch MEKKO, its collection of highly sustainable apartments at The Fabric, its future-forward masterplanned community in Altona North.

Mirvac’s General Manager of Residential Victoria, Elysa Anderson, said The Albertine would reflect the quality of Mirvac's highly successful apartment projects, The Melburnian on St Kilda Road, and The Eastbourne in East Melbourne.

“Demand for quality, well-designed and constructed apartments remains strong, underpinned by low unemployment, wage growth, the return of overseas migration and scarcity of quality product. We recognise Victoria’s historically low apartment pipeline and remain focused on accelerating our supply of apartments that are built for tomorrow,” Anderson said.

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“The Mirvac difference, as defined by the quality of our builds, design excellence and diverse amenity, is increasingly valued by our purchasers in the current climate.

Anderson said launching The Albertine comes at a time when there is increased appetite from owner-occupiers for lifestyle-focused, well located apartments complete with high-quality amenity.

"Capturing this unmet demand is a significant opportunity for us, particularly with our strong value proposition of delivering exceptionally designed residential apartment buildings in outstanding locations.

“Distinguished by its boutique size, The Albertine is a new residential landmark for Melbourne and Mirvac’s latest prestige offering, following in the footsteps of our legacy apartment buildings in Victoria,” Anderson said.

Early works are expected on site in late 2023.

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Brem said he wanted to create a layered landscape of new and treasured pieces that allow each space to feel warm and honest

Mirvac partners with interior designer Brahman Perera on The Albertine, Melbourne apartment development

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

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

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Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

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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."

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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."

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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.

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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.

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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."

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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.

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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.

[smartcode_project_cta:default project_id=134951]

Joel Robinson

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