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

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

Joel Robinson

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

The penthouse offering atop Main Beach’s luxury ARI residential tower was unveiled this week.

The two-level design boasts a private rooftop terrace with a pool, spa and barbecue facilities, for the exclusive use of the penthouse owner, along with space to lounge in the open air.

Set on levels 18 and 19, the penthouse and rooftop expose 360-degree views spanning the Pacific Ocean, the city skyline, the Broadwater, and the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> hinterland.

The Melbourne-based Stamoulis Property Group is developing the project, which has been designed by Bayden Goddard's&nbsp;BGD Architects.

[smartcode_project:default project_id=112163 project_image_fid=217022]

Kollosche's Michael Kollosche, who is selling <a href="/new-apartments/ari-3555-main-beach-parade-main-beach">ARI</a> with Harry Kakavas, said there are few comparable penthouses on the Gold Coast market.

“We’re expecting strong interest from buyers who want the best of location, lifestyle and luxury in one package,” Kollosche says.

“To acquire a penthouse in a luxury boutique residential building, with its own private rooftop, on a triple block with 30-metre beach frontage truly is a rare opportunity.”

[smartcode_project:default project_id=112163 project_image_fid=217021]

Priced at $19.75 million, the sprawling penthouse suite spans 759 sqm in total, 436 sqm of internal living space and a further 296 sqm of outdoor living.

There are three living areas and a dining area, a gourmet kitchen plus a scullery, a temperature-controlled wine cellar, a separate study, a powder room, and five car spaces.

The penthouse has soaring 4.5-metre ceilings and full-height glass windows which curve around the open plan main living and dining area, taking&nbsp;full advantage of views to South Stradbroke Island and south to <a href="/new-apartments/coolangatta-qld-4225">Coolangatta</a>.

[smartcode_project:default project_id=112163 project_image_fid=217019]

The residents-only tower comprises 26 half-floor residences and three full-floor sky homes. Half-floor apartments with three bedrooms start from 288 sqm and range in size to 325 sqm, while full-floor apartments with four bedrooms range in size from 567 sqm to 618 sqm.

Kollosche said that current demand had seen a number of half-floor residences amalgamated.

<a href="/new-apartments/ari-3555-main-beach-parade-main-beach">ARI</a> residents will enjoy exclusive access to resort-class amenities including a heated 25-metre lap pool, a gym, steam room, sauna, cold plunge pool, residents lounge and business centre.

[smartcode_project:default project_id=112163 project_image_fid=216350]

More than half of the available apartments in ARI have sold since the project launched in May.

Kollosche said buyers have responded to the absolute beachfront location, the architectural design, the high standard of finish, and uninterrupted ocean view lines.

“Brand new apartments on the absolute beachfront are few in <a href="/developments/main-beach-qld-4217">Main Beach</a> and redevelopment options are even fewer,” Kollosche says.

“The <a href="/developments/main-beach-qld-4217">Main Beach lifestyle</a> is a major drawcard for owner-occupiers with the beach and the Tedder Avenue village centre all on the doorstep.

“Nearby Marina Mirage and The Spit precinct are earmarked for major redevelopment in coming years which only adds to the value of any investment in Main Beach.”

ARI apartments are priced from $5.9 million.

[smartcode_project_cta:default project_id=112163]

Kollosche's Michael Kollosche said there are few comparable penthouses on the Gold Coast market

ARI Main Beach penthouse seeks nearly $20 million

A strategic 40-year campaign to acquire an entire unit block in Kangaroo Point has come to fruition this week as one of the suburb’s last undeveloped sites with city skyline views comes to market.

The 797 sqm riverfront block at 4 MacDonald St is being marketed by JLL, who suggest the site to suit a five or six-level apartment block with one or two apartments per floor and skyhomes on the upper levels.

<a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a> is one of Brisbane's most tightly held suburbs for apartments, and one of the most expensive.

ARIA is <a href="/news/qld/aria-seek-to-make-kangaroo-point-cliffside-tower-canopy-house-by-aria-larger">developing Canopy House</a>, a higher density tower on Leopard Street, while Fortis are preparing <a href="/news/qld/exclusive-first-look-fortis-propose-full-floor-apartments-at-first-brisbane-apartment-development">their first Brisbane development</a>, 14 full floor apartments at 44 O'Connell Street.&nbsp;

A new development, Sorano House, is set to launch on Hamilton Street, just a handful of full floor residences starting from 350 sqm.

&nbsp;

JLL's&nbsp;Tim Jones, who is marketing the MacDonald Street site with Harry Borger, say the campaign comes at an incredible time of growth for the market.

“The <a href="/news/qld/city-beat-july-2023-brisbane-has-come-of-age-as-apartment-demand-booms">luxury apartment market in Brisbane shows no signs of slowing down</a>, with benchmark results on price and rate per square metre seemingly being challenged each month,” Jones said.

“In 2023 alone there have been four penthouse apartment sales in excess of $10 million - the highest of those being a $16.52 million sale in New Farm - with three of the top four having river frontage.

“Of the top 10 historic apartment sales in Brisbane, eight of those have changed hands since 2022, with three located in Kangaroo Point, highlighting the strength of the apartment market generally and more specifically for river-fronting projects," Jones added.

In terms of <a href="/news/qld/city-beat-july-2023-brisbane-has-come-of-age-as-apartment-demand-booms">growth in the luxury apartment sector</a>, Jones said the downsizing of movement was being reflected in benchmark prices.

“In the current market, we’re seeing results for apartment sales nipping at the heels of house sales,” he said.

“Owners of houses in these luxury areas are embracing the opportunity to move into house-sized apartments, 
with river views, where there have no maintenance and can simply lock up and leave.”

&nbsp;

The site vendor first bought an apartment in the current block of six back in 1981, suggesting "it was a different area back then."

“I was fascinated by the peninsular appearance of the area; the way it felt like an island with the Story Bridge across to the Valley, isolated, and yet so close to everything, and then a little council boat to ferry you across the river every 15 minutes,” the vendor said.

“Only a few older houses, neglected wharves and a rundown jazz club. The views were special and I enjoyed watching the boats on the river.”

The vendor secured the sixth and final unit in 2022.

The 797 sqm riverfront block at 4 MacDonald St is being marketed by JLL, who suggest the site to suit a five or six-level apartment block with one or two apartments per floor and skyhomes on the upper levels

Luxury Kangaroo Point riverfront apartment development tipped as four-decade site plan comes together

Interstate migration to the Sunshine State continues to grow post-pandemic, with global developer MRCB International’s Gold Coast project <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> recording an influx of buyers from New South Wales and further down south.

Since launching to market earlier this year, <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> is averaging $20 million in sales each month, with two-thirds of all sales coming from interstate and international buyers seeking a coastal lifestyle switch.

The majority of purchasers are between the ages of 30 to 60, with 30 per cent of sales to date coming from New South Wales alone.

[smartcode_project:default project_id=112730 project_image_fid=211249]

A recent CBRE report found that the <a href="/developments/gold-coast-qld">Gold Coast</a> experienced the second-largest population growth among major Australian cities at 2.2 per cent, which is largely being led by “metro-movers” from Sydney and Melbourne who are seeking a change in lifestyle.

According to the ABS, close to 87,000 Australians moved to Queensland between June 2020 and June 2022, with this trend likely to increase over the coming years.

Gavin Smith has been holidaying on the <a href="/developments/gold-coast-qld">Gold Coast</a> for a number of years and is now ready to make the move from Hobart with his wife after purchasing a residence at <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> on level 34.

“We have been holidaying on the <a href="/developments/gold-coast-qld">Gold Coast</a> for many years and watched it evolve over time," Smith said.

"We purchased off the plan three years ago and sold before it was built, so the seed was always there and now, we have purchased at the amazing <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>.

“The <a href="/developments/gold-coast-qld">Gold Coast</a> City Council has invested well in surrounding infrastructure to accommodate increasing demand.”

[smartcode_project:default project_id=112730 project_image_fid=209972]

MRCB International CEO, Ravi Krishnan said the group is thrilled to be making a mark on Australia’s fastest-growing city.

“We noticed the growth in interstate migration to the <a href="/developments/gold-coast-qld">Gold Coast</a> from the southern states and the high demand within the region. This, coupled with the forecasted lack of dwelling supply, drove our decision to invest in Surfers Paradise. The fact that the site that we purchased was in an enviable location influenced the decision," Krishnan said.

“Inevitably, the Gold Coast will continue to grow as a region. The trend for footloose industries to locate themselves in areas with beautiful weather, tourism opportunities, and solid employment, has meant we couldn’t afford to miss this <a href="/developments/gold-coast-qld">opportunity to invest in the Gold Coast</a>."

[smartcode_project:default project_id=112730 project_image_fid=209978]

Recent council population data forecasts that by 2041, the <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise population</a> will have nearly doubled and it is estimated that of that, close to 85,900 people will live in high-rise towers.

Reaching 51 storeys high and designed by local architecture firm, DBI Design, <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> offers a range of apartments from one, two and three-bedroom floorplans, each offering views over the ocean, towards the river, hinterland and beyond.

Residents will have access to a plethora of amenities, including an internal wellbeing precinct featuring a spa, gym, outdoor yoga space, pool, sauna and steam room and a residents lounge.

[smartcode_project:default project_id=112730 project_image_fid=211252]

For residents located on or above level 33, the highest residential sky pool in the Gold Coast awaits on Level 51, presenting views that stretch out across the ocean.

Read more:&nbsp;<a href="/news/qld/26-vista-to-home-the-gold-coasts-highest-resident-sky-pool">26 Vista to home the Gold Coast's highest resident sky pool</a>

Last month, MRCB International announced it had secured funding from MBSB Bank with the financial backing signifying MRCB International’s commitment to delivering <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>.

The project is due to be completed in 2026.

[smartcode_project_cta:default project_id=112730]

Since launching to market earlier this year, two-thirds of all sales coming from interstate and international buyers seeking a coastal lifestyle switch.

Interstate sea-changers drive strong sales at 26 Vista, Surfers Paradise apartments

Immerse Projects is set to launch their second <a href="/developments/coolangatta-qld-4225">Coolangatta apartment project</a> to the market later this year, having received approval from the Gold Coast City Council.

Veteran builder John Kearney, who heads up renowned developer Greyburn, is behind the 17-level apartment project at 39 McLean Street, adjacent to his <a href="/new-apartments/rhythm-kirra-hill-30-garrick-street-coolangatta-qld-4225">Rhythm Kirra Hill development</a> which is currently on the market.

“We are very pleased with today’s approval of the McLean Street project which is the result of a lot of collaborative work with Council <a href="/news/qld/first-look-latest-kirra-beach-coolangatta-apartment-tower">over past 18 months</a>,” Kearney said.

“This allows us to focus on delivering and finishing construction on our adjacent site being Rhythm Kirra Hill and look forward to moving our teams onto this site towards the end of next year along with a DA submission of another site in Tweed.”

Read more:&nbsp;<a href="/news/qld/first-look-latest-kirra-beach-coolangatta-apartment-tower">First look: Latest Kirra Beach, Coolangatta apartment tower</a>

<img alt="McLean Street" data-entity-type="file" data-entity-uuid="6f8d4aa0-2c1b-4d98-bfec-1bb721509458" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-26%20at%204.49.05%20pm.png?VersionId=hnI6NmEd3j9yWr6ALiTTd8xSuZX91LoC" />

The McLean Street development will deliver 58 new apartments comprising a mix of two-and three-bedroom designs, with the project to be topped by a 240 sqm penthouse.

The development will deliver a range of resident amenities including resort-style rooftop providing a communal lounge room, pool, gymnasium and sauna. The design offers additional communal areas on the ground and first levels that will provide meeting rooms for work-from-home use and parcel delivery lockers for online purchases by residents.

Designed by award-winning firm BDA Architecture, the development will feature a simple slender design with curved edges and a paired back elegant articulation of a timeless architectural style.

Immerse Projects reduced the height of the project from 19 levels following negotiations with the Council over the past 18 months. The site is located within the Coolangatta Centre District which offers higher density allowances under the Gold Coast City Council Town Plan.

<img alt="McLean Street" data-entity-type="file" data-entity-uuid="d847f078-058f-469f-8027-90491feaeca8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-26%20at%204.49.13%20pm.png?VersionId=8XejfOh44DYRaGUQToteMSU28yoJnCVZ" />

The project is designed to provide a variety of residential products in the established <a href="/developments/coolangatta-qld-4225">coastal neighbourhood of Coolangatta</a>, an area that is growing in popularity with buyers.

Rhythm Kirra Hill, which offers apartment designs that suit a wide section of the market,&nbsp;has proven to be popular among owner occupiers and local downsizers.

“McLean Street, like Rhythm, will cater to that missing middle market where buyers are looking for quality coastal residences with resort-style facilities but without the premium price point,” Kearney added.

“We are big believers in the southern Gold Coast, as the market remains buoyant for this type of product amid an ongoing undersupply of stock.”

Greyburn will start construction on the <a href="/new-apartments/39-41-mclean-street-coolangatta">McLean Street project</a> next year.

[smartcode_project_cta:default project_id=110171]

Veteran builder John Kearney, who heads up renowned developer Greyburn, is behind the 17-level apartment project at 39 McLean Street, adjacent to his on market Rhythm Kirra Hill development

Immerse Projects secure approval for second Coolangatta apartment tower

Sydney developer Bridgestone has filed plans for a new $90 million apartment development in <a href="/developments/chatswood-nsw-2067">Chatswood</a>.

They're proposing 95 apartments across two towers, linked by a green spine and retail and commercial podium, on a 2,687 sqm site at 44-52 Anderson Street.

The focus has been on a larger apartment configuration. There will be just six one-bed and 16 two-bed apartments across the 25-level buildings. Nearly three quarters of the building will be three-bedroom, duplex-style apartments, which occupy levels eight through to 21. From level 22 and up will be large sub penthouses and penthouses, the latter with private rooftop gardens.

159 car parking spaces will service the apartments, across the four basement levels.

Architecture firm MAKE won the design competition ahead of Woods Bagot and SJB early last year, with the jury suggesting their scheme was "considered a clear and competent architectural response to the Competition Brief."

<img alt="Chatswood" data-entity-type="file" data-entity-uuid="e0a28b92-f83d-49a9-b729-6a6ad2181af3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-25%20at%204.11.58%20pm.png?VersionId=RJvPZMCUw4_FuF5ftSW6pPKq4y.Pm3wx" />

"The proposal was recognised as demonstrating a balance between the scales of the large towers to the west and the finer grain heritage conservation areas to the east of Anderson Street through the splitting up of the development envelope into two slender forms," the jury said.

"The Jury commended the detail and extent of the landscaping and communal gardens and were of the opinion that it improved the proposal’s appearance and character."

Following the design submission, the panel said they supported a change to the design to create larger apartments, as well as the&nbsp;mix of non-residential uses in the podium.

The ground floor will comprise 13 retail and commercial spaces on the ground level bordering Anderson, O'Brien and Day Streets, as well as eight townhouse-style apartments across two levels. Level one and part of level two will be occupied by a co-working space.

<img alt="Bridgestone Zetland" data-entity-type="file" data-entity-uuid="f264fc12-3b22-4855-9a11-c8d948e5c95c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-26%20at%202.19.24%20pm.png?VersionId=.oHZkRFQIlukjrS35YO71r7G327TE3sv" />

The resident amenity will share part of the second level, the top of the podium. There will be&nbsp;a swimming pool, vertical community garden, outdoor gym and barbecue facilities.

Urban Art Projects were engaged to prepare a Public Art Strategy submission. They have identified three potential opportunities for the incorporation of public art, mainly through the central lobby area a side retail.

"Artwork in these zones will assist in enlivening and beautifying the areas which have high visibility and pedestrian traffic flow from Anderson Street," the report said.

It was the change in the Chatswood CBD Planning and Urban Design Strategy 2026 which paved the way for the project. It expanded the CBD boundary to the north, where the site sits, which opened up the height limit.

Architecture firm MAKE won the design competition ahead of Woods Bagot and SJB early last year

Bridgestone file for two-tower Chatswood apartment project

Masterplanned communities often require a number of different perspectives in the planning phase.

They're more intricate than an architect and interior designer working in tandem when creating a high-density tower or apartment project. They require significant placemaking, given the development is creating a whole community.

At <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a>, the recently approved $850 million <a href="/developments/castle-hill-nsw-2154">Castle Hill</a> masterplan by Ellipse Property, Tony Owen Partners worked alongside Stanisic Architects to bring together the designs for the 3.2-hectare project.

Tony Owen of Tony Owen Partners said the&nbsp;<a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> masterplan places significant emphasis on the importance of Cattai Creek.

[smartcode_project:default project_id=89496 project_image_fid=216770]

"In particular, the plan identifies the path of Cattai Creek as the main green corridor for the precinct. The plan envisages the creek corridor as a significant communal environmental amenity," Owen said.

&nbsp;

“The architecture of the building adapts curves that echo with the undulations of the natural creek and how it ebbs and flows. At the ‘Garden Level’, the landscape sweeps into the building, shaping an ‘atrium’ which is the heart of this building. A picture-frame façade detailing is adapted on the north south and west facades that frame beautiful Creekside views. Alternatively, the Ashford Avenue west façade has a strong architectural expression with the dark bricks and contrasting upper floors.

“The setbacks on the building at levels three and four benefit the apartments by providing larger outdoor entertainment spaces and enhance the variety of layouts that buyers can choose from further enhancing the architectural elements.

[smartcode_project:default project_id=89496 project_image_fid=216769]

“Buildings are designed where every part of the building responds to the different environment, so when you’re down low, you’re in the trees. When you’re up higher, you’ve got greater views.”

&nbsp;

Frank Stanisic of Stanisic Architects, who handled the design of the seven residential buildings, said the architecture for the residential is about creating an environment for people to live, and also that perhaps they can move from one apartment to another.

"I would like to think there’s some inter-generational movement between people as they get older, as they have children, so they move from a one-bedder to a two-bedder, and a two-bedder to a three-bed, so I’d like to think there’s enough diversity that allows people to stay in this environment and just move around within the buildings that are here,” Stanisic said.

[smartcode_project:default project_id=89496 project_image_fid=216768]

When completed, <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> will comprise 771 apartments built across seven eight to 12-storey buildings.&nbsp;

The first stage of the project, Atrium, will comprise 151 apartments within one mid-rise eight-storey building.

&nbsp;

Running alongside Cattai Creek, Stage 1 Atrium will feature curvilinear buildings which are the main gateway sites to the precinct. At the epicentre of stage one and the inspiration behind its name, lies an atrium encompassing the true ideals of <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> - lifestyle, sustainability and wellbeing.

Uniquely, the precinct will be home to over 20,000 square metres of outdoor recreational space and lush gardens, conceived by landscape architect, Site Image Landscape Architects, making it one of the greenest masterplanned communities in the Hills district.

A key feature of the project will include a one-kilometre boardwalk running the length of the Cattai Creek connecting to Fred Caterson Reserve, a 58-hectare local reserve featuring picnic tables, children’s playgrounds, along with multiple sports facilities.

Ellipse Property has committed to dedicate over 6500m2 of the Cattai Creek back to the community in this masterplan. In addition to this, Ellipse Property has collaborated closely with Council on the revegetation management and landscaping of the Cattai Creek Masterplan spanning the Carrington Place site known locally as ‘The Green Belt’.

Construction is planned to commence in Q3 2023, with Atrium due for completion in Q3 2025. The entire five-stage precinct is due for completion in 2032.

Tony Owen of Tony Owen Partners said the Carrington Place masterplan places significant emphasis on the importance of Cattai Creek

How the Cattai Creek influenced the masterplan design at Castle Hill's Carrington Place

Brisbane is set to see it's first sky garage, a term coined for garages that are located on the same level as the apartment, often reserved for only the premium residences at the top of the tower.

There's only a handful of examples of the rare inclusion across the world. They've been a custom feature in luxury high-rises in Dubai, Singapore and Miami.

Only one other project in the whole of Australia can boast a sky garage, the under construction <a href="/new-apartments/neue-grand-613-st-kilda-road-melbourne">Neue Grand on St Kilda Road</a>, which made headlines in 2018 when it announced it was creating a number of sky garages adjoining the living space.

Brisbane developer Spyre Group will be bringing the sky garage to their record-breaking <a href="/developments/new-farm-qld-4005">New Farm apartment development</a>, Moray House.

<img alt="Moray House" data-entity-type="file" data-entity-uuid="5aba67cf-fff3-469a-8c8c-2304467ad1db" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-26%20at%2010.58.59%20am.png?VersionId=AgT3kxDs6rbLT1mt8DsJbLLujWXl0iHe" />

There will be two apartments with the sky garage feature. The residents of the apartments will&nbsp;be able to pull in off Moray Street, enter a remote-control operated car lift, and drive into their own garage in their apartments above the Brisbane River.

Once at their apartment’s level, residents will have the luxury of reversing from the elevator into their private sky garage, which can be viewed from the adjoining glass-walled gym.

The other two car spaces can be accessed by taking the car elevator down to the parking garage at the bottom of the development. The car journey from entering the vehicular lift to the basement is expected to be 18 seconds.

“The sky garage will appeal to luxury vehicle enthusiasts who want privacy as well as the additional security of garaging their car in their apartment rather than using regular basement parking,’’ Spyre director Andrew Malouf said.

[smartcode_project:default project_id=105057 project_image_fid=209769]

The six-residence development features views that frame the Story Bridge and follow the Riverwalk from Howard Smith Wharves to the Eagle Street precinct in the CBD.

Moray House has been described as “akin to living in a tree house’’ and features full floor length garden beds, allowing residents to express their individuality.&nbsp;

The exterior design communes with the surrounding Jacaranda trees and will take on different hues as the seasons change.

The interiors include the highest finishes of Chambord stone in a complex grain, European oak herringbone flooring and bespoke timber joinery. The chef-grade kitchens feature WOLF appliances an integrated Liebherr fridge and freezer and VZUG dishwasher.

[smartcode_project:default project_id=105057 project_image_fid=209770]

“Each apartment can be individually curated for the new owners with custom components that allow their homes to truly classify as ‘one of one’, Malouf added.

"These include a lap pool, sky garages, wellness rooms and personalised gyms."

Residence 6, an 800 sqm penthouse across two levels in Moray House, which features a roof garden, sold in January for $15.75 million, <a href="/news/qld/spyre-secure-15-75-million-brisbane-apartment-record-at-moray-house-new-farm-riverfront-development">breaking the record for Brisbane’s most expensive apartment sale</a>.

Residence 4 sold for $9 million to a couple who were relocating to <a href="/developments/brisbane-qld">Brisbane</a> from Sydney’s eastern suburbs.

The sale, which is the equivalent to $34,749 per sqm, is just below the $34,870 per sqm rate Spyre achieved in March with the $13.6 million sale of the penthouse of its luxury <a href="/developments/toowong-qld-4066">Toowong development</a>, Arc, then setting the off-the-plan record for <a href="/developments/brisbane-qld">Brisbane</a>.

Spyre has appointed Contrast Constructions to build Moray House, which is expected to take around 14 months to complete. Demolition is currently underway

With demolition underway on the site at 65 Moray Street, Spyre has appointed Contrast&nbsp;Constructions as builder of the development, which is expected to take around 14 months.

[smartcode_project_cta:default project_id=105057]

There's only a handful of examples of the rare inclusion across the world. They've been a custom feature in luxury high-rises in Dubai, Singapore and Miami.

Spyre Group to bring luxury-defining sky garage to Brisbane at Moray House

Top Spring Australia have officially kicked off construction at their record-breaking Ode Double Bay apartment development, with shovels hitting soil this week at the Cross Street site.

The six-storey Luigi Rosselli-designed building has already achieved more than $100 million in residential sales, eclipsing previous pricing records in the inner-east suburb. The <a href="/news/nsw/downsizers-splash-21-49-million-on-ode-double-bay-penthouse">penthouses sold for $24.95 million and $21.49 million</a>, and a sub penthouse fetched $17.49 million.

Ceerose has been appointed to build the $250 million development opposite the popular Indigo&nbsp;café, which will move into 300 sqm of Ode's retail space, along with local restaurant Carte. Ceerose have handled the build of Top Spring's Munroe House in Elizabeth Bay, which is approaching completion.

<img alt="Ode Double" data-entity-type="file" data-entity-uuid="dc004ce0-2004-4dc1-80f8-13f796b723eb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-26%20at%209.27.32%20am.png?VersionId=qh2zaT4pKxQ8vZ15tWioVnkKDYzu0dYz" />

<a href="/developers/top-spring-australia">Top Spring Australia</a> Managing Director Sydney Ma says Ode&nbsp;is a part of the decade-long renaissance of <a href="/developments/double-bay-nsw-2028">Double Bay</a>, which has been led by the return of high- end retailers and world-class restaurants.

“The building’s sculptural design brings to life the symbiotic relationship between architecture and art and features an active ground plane that will welcome two iconic Double Bay restaurants.”

Ode has proven popular with local downsizers who are keen to remain in the area with its elegant harbourside water views and village lifestyle.

<img alt="Ode Double" data-entity-type="file" data-entity-uuid="4f02b0f0-003b-4394-9b13-501dd69c63dc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-26%20at%209.47.14%20am.png?VersionId=sk2TSJ_BiyXr1Rno4h9qLHEWo3QP.r7o" />

The ultra-luxury building comprises 15 three and four-bedroom apartments ranging in size from 219 sqm to 311 sqm. The ground floor plaza features a selection of high-end retail space and a private arched lobby with a full-time concierge.

<a href="/developers/top-spring-australia">Top Spring Australia</a> Development Director Jeff Curnow says&nbsp;Ode presents a once-in-a-generation opportunity to enjoy a truly remarkable <a href="/developments/double-bay-nsw-2028">eastern suburbs lifestyle</a>, combining modern European architecture with refined, ultra-luxury interiors.

Scheduled for completion in Q3 2025, Ode's remaining three-bedroom apartments start from $9.695 million, while the four-bedroom residences start from $11.995 million.

<a href="/developers/top-spring-australia">Top Spring Australia</a> has also commenced construction at its $500 million master planned community, <a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a>, in <a href="/developments/st-leonards-nsw-2065">St Leonards</a> at Sydney’s Lower North Shore.

The six-storey Luigi Rosselli-designed building has already achieved more than $100 million in residential sales, eclipsing previous pricing records in the inner-east suburb

Construction commences at Top Spring's Ode Double Bay apartment development

In the space of a decade, Melbourne-based developer <a href="/developers/icd-property">ICD Property</a> have grown from a small, family-ran outfit to become one of the go-to joint developer partners for a number of Australia's largest mixed-use projects.

They've worked on a number of developments with <a href="/developments/melbourne-vic">City of Melbourne</a> in recent years, while currently undertaking the redevelopment of Market Square in the heart of Adelaide with the <a href="/developments/adelaide-sa">City of Adelaide</a>. They're also progressing what might be their most impressive project of all, the redevelopment of the heritage-listed <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney">City Tattersall Club in the heart of Sydney</a>.

ICD's Deputy Managing Director Sal Quah, who has been with ICD almost since its inception in <a href="/developments/melbourne-vic">Melbourne</a>, says the plan was to always get to a stage where they were producing show-stopping mixed-use projects in the heart of the country's biggest cities.

[smartcode_project:default project_id=12428 project_image_fid=152515]

"Ultimately the goal was to create city-centric, mixed-use buildings which we could point to and say 'we developed that'", Quah said.

The company started as a family business in 2009, founded by developer Michael Mai. They started with smaller projects in Melbourne's inner ring, before realising the best way for the company to scale was to work in a partnership, whether it be with a co-developer, private investor, funding partner, or a city council.

In their native Melbourne they're developing <a href="/buildings/aspire-melbourne-301-king-st-melbourne">Aspire Melbourne</a>, the strikingly curved King Street tower which has been designed by award-winning architect Elenberg Fraser. They've previously had success in the city centre with the <a href="/buildings/eq-tower-127-abeckett-street-melbourne">A'Beckett Street EQ. Tower</a>, which sold out 80 per cent of its apartments within two months of the project launching.

<a href="/buildings/eq-tower-127-abeckett-street-melbourne">EQ. Tower</a> was also&nbsp;Melbourne's fastest approved planning permit by the Planning Minister at the time of the development, as well as&nbsp;Australia's single largest bank loan for a residential development by Commonwealth Bank Australia at the time of development.

Their move into the <a href="/new-apartments/sydney-nsw">Sydney market</a> came in 2015 when they were invited to participate in a joint venture proposal with the <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney">City Tattersall Club</a>. Only a handful of parties were invited to participate to pitch for the redevelopment.

[smartcode_project:default project_id=12428 project_image_fid=152516]

The 12 month process saw ICD the preferred partner for the redevelopment of the <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney">iconic Pitt Street building</a> near Martin Place.

"Sydney was always on the radar - it's the New York of Australia," Quah said.

"If you make it to Sydney, you make it to the global stage."

The City of Sydney have strict planning rules, particularly in the CBD, where a design competition must be held to determine the best outcome for the project. Three or four architecture firms pitch their designs, and a panel determine the preferred design.

BVN Architecture won the tender in mid-2020 to design the 49-level tower which will soar above the heritage-listed building below, which will be significantly restored. fjcstudio has been retained as the architect for the heritage component of the building.

[smartcode_project:default project_id=12428 project_image_fid=152518]

Quah said that while the design competition means the council can protect the landscape and the interest of the city, it will limit the supply given the extra layer of complexity it brings to the development process.

All in all, <a href="/developers/icd-property">ICD</a> liked the design competition exercise, so much so ICD took the idea&nbsp;to New Zealand when they were developing their Auckland tower 65 Federal Street, inviting the likes of Zaha Hadid, Elenberg Fraser, and Warren &amp; Mahoney among others to submit their concept designs.

Quah said the designs put forward to the City of Auckland Council has had a major knock on effect to how the city looks at what's permissible.

"65 Federal Street is the first approved tower that is more than double the permissible floor space ratio," Quah said.

"That's a true testament to the excellence in design."

The project was fast tracked by&nbsp;Minister of Environment James Shaw.

"The quality in design now has the City of Auckland Council considering removing the floor space ratio, as long as you can prove the right solution for the site."

Earlier this year <a href="/developers/icd-property">ICD</a>, who are joint venture partners with First Sponsor on the City Tattersall Club redevelopment, appointed Richard Crookes Construction to handle the build of the tower which will comprise 241 apartments, a high-end hotel, and a refurbished club space.

ICD's Deputy Managing Director Sal Quah says the plan was to always get to a stage where they were producing show-stopping mixed-use projects in the heart of the country's biggest cities

How ICD became the go-to development partner for Australia's biggest councils

The first partnership between national developer <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> and Adelaide-based developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> has made a strong start, with the pair securing $21 million in unconditional sales at <a href="https://www.apartments.com.au/new-apartments/one-four-four-hutt-adelaide-144-hutt-street-adelaide-sa-5000">One Four Four Hutt</a>&nbsp;on the edge of the Adelaide CBD.

Over a third of apartments have been snapped up in the boutique 44-apartment project on the corner of Hutt Stret and Wakefield Road. Local downsizers and owner-occupiers wanting to remain in Adelaide's tightly-held southeast quarter have been the most prominent purchasers.

The DKO-designed, mixed-use development is one of the few new apartment projects in the precinct, an area where new housing supply has remained limited despite continued demand from buyers wanting to stay close to the CBD, Victoria Park and Adelaide's established east-end amenities.

[smartcode_project:default project_id=151233 project_image_fid=375378]

Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

"The level of early commitment reflects the confidence local buyers have in the Hutt Street precinct," Dendrinos said.

"Many purchasers are long-term east-end residents who love the area and want to stay connected to the neighbourhood. They recognise the value of a well-designed, well-located development.

"Our partnership with Otello has been central to this success, and the number of unconditional sales at this stage only strengthens our confidence in the South Australian market."

&nbsp;

[smartcode_project:default project_id=151233 project_image_fid=375379]

Otello Director Daniel Harris said the sales result also highlighted the lack of new apartment opportunities within the Hutt Street precinct.

"One Four Four Hutt has clearly resonated with buyers, with strong early sales reflecting both the appeal of the Hutt Street corridor and the lifestyle on offer," Harris said.

"The activated ground-floor retail has also been a key drawcard, with purchasers responding to the vision of a more vibrant and connected streetscape, not just the residences themselves."

One Four Four Hutt will deliver 44 one, two and three-bedroom apartments, alongside a collection of penthouses, above a ground-floor retail offering designed to further activate the Hutt Street precinct.

Construction is scheduled to commence in the third quarter of this year, with completion anticipated in 2028.

[smartcode_project_cta:default project_id=151233]

Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

Fortis makes Adelaide debut with Otello as One Four Four Hutt records strong early sales

For all its prestige, Roseville hasn't seen many new apartment developments that genuinely cater to the suburb's owner-occupier market.

Most new projects on Sydney's North Shore have focused on increasing supply, but Aqualand Prestige's <a href="https://www.apartments.com.au/new-apartments/boronia-by-aqualand-roseville-2-4-larkin-street-roseville-nsw-2069">Boronia</a> is taking a different approach.

The 111-apartment project on Larkin Street has been designed around a buyer who already knows the area, whether they're downsizing from a nearby family home, upgrading from an older apartment, or moving into the suburb to be closer to schools and transport.

[smartcode_project:default project_id=152095 project_image_fid=372391]

Boronia is the first project from Aqualand Prestige, the boutique residential division of Aqualand, the developer behind projects including AURA in North Sydney and Blue at Lavender Bay. The project is being delivered in partnership with Phoenix Property Investors.

Rather than trying to maximise density, the focus has been on creating apartments that feel much closer to a house. There's a strong weighting towards larger three-bedroom residences, alongside a limited collection of four-bedroom duplex-style sky homes, a product that's rarely delivered in apartment projects on the Upper North Shore.

[smartcode_project:default project_id=152095 project_image_fid=373694]

Architecture firm Woods Bagot has designed the building to sit within Roseville's established tree canopy rather than dominate it. The building steps down the site with deep balconies, generous setbacks and a material palette of masonry and natural stone that reflects the suburb's established character.

"The forms float among the canopies along the Larkin Street ridge to maximise the outlook across the green sea of the treetops," Woods Bagot Principal Jason Fraser said.

"The architecture is deliberately simple and understated, so that the detail, the craftsmanship and, above all, the landscape can be the hero."

[smartcode_project:default project_id=152095 project_image_fid=373685]

The same approach continues inside.

Interiors by COX take inspiration from the surrounding bushland of Lane Cove National Park, using natural stone, timber and handcrafted finishes throughout the residences. Kitchens feature Gaggenau and Bosch appliances, while the penthouse collection includes upgraded stone finishes and bespoke detailing.

"We wanted the homes to feel like an urban retreat, where the boundary between inside and out simply dissolves," COX Director Brooke Lloyd said.

Landscape architecture by Ground iNK extends that connection outdoors, with mature tree planting, deep soil landscaping and retained established street trees helping the development blend into one of Sydney's leafiest suburbs.

Residents will also have access to landscaped communal gardens, a wellness centre and outdoor spaces designed more as an extension of their own homes than traditional apartment amenities.

[smartcode_project:default project_id=152095 project_image_fid=373687]

The location is another reason Aqualand Prestige believes Boronia will resonate with buyers.

Roseville Station is around a five-minute walk away, placing Chatswood just one stop down the line, while the Sydney CBD remains within easy commuting distance. The suburb also sits within the NSW Government's Transport Oriented Development precinct, where planning changes are encouraging more housing around existing rail infrastructure.

Despite those planning reforms, opportunities to secure a new apartment in Roseville remain relatively limited, particularly developments aimed at owner-occupiers rather than investors.

Aqualand Prestige Executive Director Wayne Xiong said Boronia was designed for buyers intending to stay for the long term.

"These are homes built for decades of living rather than for the moment," Xiong said.

"Whether buyers are downsizing, raising a family or simply seeking more space, they're choosing the scale and craftsmanship of a fine house in a suburb they love, with the ease and connectivity modern life calls for."

Boronia's two-bedroom apartments are priced from $1.79 million, three-bedrooms from $2.49 million, penthouses from $2.85 million, and four-bedroom duplex-style Sky Homes from $4.5 million.

[smartcode_project_cta:default project_id=152095]

Aqualand Prestige launches Boronia to undersupplied Roseville apartment market

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

Joel Robinson

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Joel Robinson

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News