Veteran Gold Coast apartment developer Raptis has considerably altered its plans for their new Broadbeach apartment tower.

Raptis secured development approval for the&nbsp;Koichi Takada-designed The Sterling at 6-8 George Avenue in December last year.

But a mix of changing market conditions and continually growing construction costs have seen the plans altered to get the project in market sooner.

"The approved design, which was first conceived over two years ago, has been subject to detailed investigations in terms of marketability and constructability," the minor change submission to the Gold Coast City Council noted.

"These investigations have determined that the approved product mix is no longer suitable for the current property market both in terms of the type and amount of product proposed.

"More importantly, it has been determined that the approved design is no longer feasible from a construction perspective due to the substantial changes that have occurred within the construction industry in terms of build costs and material supply.

"Given the challenges that have been identified as part of ongoing investigations, it has been determined that the size and scale of the development must be reduced in order to allow for it to progress to the construction phase of the development process."

Raptis is seeking to lob 17 levels off the original 43-level tower. With that will see the apartment numbers drop from 138 to 80, an even split of two and three-bedroom apartments.

<img alt="Raptis Broadbeach" data-entity-type="file" data-entity-uuid="78640cb8-217f-40e3-9d99-72cc84c81cf5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-16%20at%2010.55.08%20am.png?VersionId=JBsvjRmvrjA0m5B0b8u3DeqhOZBpwi5T" /> 
The approved plans by Koichi Takada Architects

 
The approved plans for the tower. Image credit: Koichi Takada Architects

"The revised proposal retains the majority of elements contained within the original approval except at a smaller scale, and the reduction in overall building height is accompanied by a reduction to the number of basement parking levels and a reduction to the number of above ground parking levels," the report added.

"The proposal also seeks to make amendments to the external treatment of the towers façade by removing the previously proposed external planters, which have been determined to be extremely difficult to achieve from both a structural engineering and maintenance perspective."

<img alt="Raptis" data-entity-type="file" data-entity-uuid="830ed10c-bb15-46c7-a84b-a7b35824cf3f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Raptis%20main.jpg?VersionId=TzjbwLvv3_cpgk1vOv5HA7t_megXVR42" /> 
The new tower plans submitted this week. Image credit: Archidiom

Raptis filed plans for The Sterling in May 2022.

In the design statement, Takada referenced their Sydney project Infinity Square, delivered by Mirvac at Green Square. It&nbsp;had similar lush greenery toward the top end of the tower.

The resident amenity will remain on level three. That will feature a 20 metre pool met with outdoor lounges, a gym and sauna,&nbsp;resident's lounge, kids club, and a communal dining area.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="95bfe5ae-13ea-4d51-9354-ac22f844e701" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Raptis%20entry.jpg?VersionId=rfx1o9TYjQVSvU.9MoQ9v2hUYqtRpaXk" /> 
The proposed new entry. Image credit: Archidiom

Speaking recently to Raptis Joint Managing Director Evan Raptis, Raptis said the <a href="/news/qld/why-the-gold-coast-apartment-market-is-better-placed-than-ever-before-five-minutes-with-evan-raptis">Gold Coast apartment market is better placed than ever before</a>.

"The city’s economy has matured significantly with investment in health and knowledge, film and creative industries, sports and digital industries," Raptis said.

"The Work from Home movement has enabled professionals to hold national roles and still live on the Gold Coast. You can even have a role in a global team with the international terminal at Coolangatta Airport opening recently."

Raptis says the 2032 Olympics and Paralympics will further promote the Gold Coast lifestyle, with considerable planned infrastructure to transform the wider South East Queensland location.

"The coastal strip will be beamed around-the-world and we’ll see a new wave of global hotel brands wanting to establish themselves here."

Raptis secured development approval for the Koichi Takada-designed The Sterling at 6-8 George Avenue in December last year.

Joel Robinson

First look exclusive: Raptis to chop 17 levels off The Sterling, Broadbeach apartments

National diversified property developer Goldfields Group has launched it's maiden Chatswood apartment development, The Bryson of Chatswood.

The project, on the Pacific Highway near Beauchamp Park, will comprise 70 one, two and three-bedroom apartments across its 26 levels, including a collection of&nbsp;skyhomes and penthouses.

Located in the heart of Chatswood, the 90 metre tall tower offers expansive views across the Sydney CBD and beyond. Drawing on Sydney’s established narrative, this development embraces its context with a design language inspired by both the industrial ambience and urban vibrancy of its streetscape.&nbsp;

Goldfields CEO Lachlan Thompson said that the launch of The Bryson marked a significant milestone for the increasingly diversified developer.

“We are very excited to mark the latest step in our strategic vision for expanding our presence in New South Wales,” Thompson said.

[smartcode_project:default project_id=21170 project_image_fid=210270]

“Sydney’s Lower North Shore has become one of the most sought-after places to live and work in Australia and we see this trend continuing well into 
the future.

“We saw an unmissable opportunity to bring high-quality mixed-use residential space to an area that is demanding it. We are thrilled to present our vision for The Bryson at the heart of booming Chatswood.”

<h2>The Design</h2>

Architecture firm MAKE handled the design of The Bryson, noting they&nbsp;designed the building form with four vertical ceramic blades that create a full-height cruciform shape.

[smartcode_project:default project_id=21170 project_image_fid=210266]

"The blades curate apartment views and define the residential quadrants of the floorplate, while controlling daylight exposure, shading and ventilation.

"Their earthy, terracotta colour will visually ground the building within its local context, taking a cue from nearby brick residential buildings.

There was also a focus on wellbeing in The Bryson, which features&nbsp;communal open areas with a swimming pool, reading lounges, pool deck, outdoor terraces with barbecue facilities, dining areas and fire pit lounges.

"We’ve maximised the podium rooftops to provide amenities to residents, including a lap pool, outdoor dining spaces, a yoga terrace and landscaped terrace gardens," MAKE added.

"We’ve also included landscaping at the ground level and publicly accessible open space that’s shaded by large canopy trees.

"With its projected 5 Star Green Star rating, it will set the standard for future development in the Chatswood area."

<h2>The Location</h2>

The Bryson is located in the heart of Chatswood, offering residents easy access to a range of transport connections. The area is serviced by multiple bus routes and train lines, with Chatswood Station just a short walk away. The M2 Motorway also offers direct access into Sydney’s CBD and beyond.&nbsp;

[smartcode_project:default project_id=21170 project_image_fid=210265]

For international travellers, The Bryson offers convenient proximity to both Sydney Airport and Kingsford Smith International Airport. Residents can also take advantage of nearby ferry services which provide direct links to Manly Beach and other popular destinations along the harbour foreshore.&nbsp;

In addition to its excellent transport connections, The Bryson also enjoys close proximity to some of Sydney’s most iconic attractions including Taronga Zoo, Luna Park and Balmoral Beach.

“Chatswood is a mecca of multi-faceted appeal,” Thompson added.

“The area has several quality schools, an abundance of parks and green space, seamless connection to major arterials and transport exchanges and nurtures a thriving commercial landscape which positions it as a suburb of convenience and ample future opportunity.

“We are thrilled to be part of the ongoing evolution of the vibrant Chatswood skyline through the carefully considered design of The Bryson.”

<h2>The Amenity</h2>

Nature is a constant thread through the building’s shared spaces, offering lush garden zones, earthy tones, fresh air and natural light throughout.

[smartcode_project:default project_id=21170 project_image_fid=210275]

The rooftop terrace was designed as an urban resort.&nbsp;Offering views across the surrounding Chatswood CBD, the rooftop features a swimming pool, terrace, gardens, barbecue facilities, and outdoor furniture.

Integrating into the vibrant public realm of Chatswood is a ground floor retail offering that acts as a threshold between the neighbourhood and the private residences above. Strata office suites will be located on levels two and three.

<h2>What's on offer</h2>

Colliers Australia are handling the sales, with prices starting from $865,000 for the one-bedroom apartments.

The two-bedroom apartments range in price from $1,195,000 for a unit without parking, to $1,765,000 for a two-bedroom, two-bathroom apartment with a parking space.

The largest apartments, the three-beds, start at $2.34 million and rise incrementally to $4.63 million for the sub-penthouses.

[smartcode_project_cta:default project_id=21170]

Colliers Australia are handling the sales, with prices starting from $865,000 for the one-bedroom apartments

Goldfields launch The Bryson of Chatswood apartments

Louise Melbourne, the striking Samuel Property-developed, Cera Stribley-designed apartment project just off Albert Park, has hit a major milestone.

The 16-level development, which launched last year, is now 70 per cent sold, after a strong run of sales in the first half of 2023.

Blair Property Group's Darren Blair, who is exclusively marketing Louise, says the majority of apartments have been snapped up by downsizers.

"Every purchaser from level 10 and above is a downsizer," Blair says.

"They picked up all of the big apartments on the sought-after north west corner, which will offer the best views in the building."

[smartcode_project:default project_id=112174 project_image_fid=199592]

Blair says there was a big run of sales to downsizers and owner-occupiers toward the back end of last year, and that's spilled into 2023.

"Buyers are starting to see some positives in the market in 2023", Blair notes.

"There's also a large cohort&nbsp;who are wanting to completely exit the rental market, as prices continue to trend upwards."

The diverse product mix in Louise, a mix 89 one, two and three-bedroom apartments, has seen a diverse number of buyers come through the door.

[smartcode_project:default project_id=112174 project_image_fid=199599]

Blair has said investors are slowly starting to come out of the woodwork, primarily from overseas, as local investors wait to see the RBA's next move.

The development team, led by prominent developer Samuel Property, are also well advanced in their construction phase. They're hoping to start demolition of the block of 1950s flats on the 1224 sqm site in March, with the aim of commencing construction on Louise in May.

Well regarded builder Hamilton Marino will be in charge of construction.&nbsp;

"They're a well versed builder with a good name in the market, which will breed further confidence for buyers," Blair added.

[smartcode_project:default project_id=112174 project_image_fid=199597]

Prices start at just over $500,000 for the one-bedroom apartments in Louise Melbourne, and $719,500 for the two-bedrooms.

Aptly named Louise, the site is&nbsp;situated on the north-west corner of Louise Street and Queens Lane, and is a nod to the surrounding art deco architecture, blending 1920's design charm with the sensibilities of modern urban living.&nbsp;&nbsp;

There's extensive resident amenity in the building. A swimming pool, which is located beneath a distinctive skylight, forms the heart of a wellness centre, which also features a steam room and a landscaped outdoor terrace that wraps around the communal areas.

[smartcode_project:default project_id=112174 project_image_fid=199646]

There's also&nbsp;a bookable private dining room, which comes with a fully-equipped kitchen, and a private lounge area, which has been designed as a&nbsp;space for more informal get-togethers.

Samuel Property,&nbsp;who since being founded in 2009 by its current Managing Director Illan Samuel, have predominantly concentrated on the high-end boutique owner-occupier market in some of Melbourne's most affluent suburbs.

Their last two projects have been Willow, just 14 apartments in Brighton, and most recently Edition in Toorak, on the dress circle Lansell Road, which has just three house-sized residences.

They have just received approval for 91 apartments across two five-level buildings on Phillip Island.

[smartcode_project_cta:default project_id=112174]

Blair Property Group's Darren Blair, who is exclusively marketing Louise, says the majority of apartments have been snapped up by downsizers.

Louise Melbourne hits 70% sold

Just seven weeks after the rezoning of the Bella Vista precinct, Sydney developer Landen has filed plans to create a six-building project just off Old Windsor Road.

The project at 40 Memorial Avenue, an 18,790 sqm site Landen secured toward the back end of last year, will have 244 apartments and will take advantage of the rezoning, which now allows for a mix of R4 high-density residential and R3 medium density residential.

<img alt="Landen" data-entity-type="file" data-entity-uuid="c4f99e71-e006-456b-9d32-ffc4feeb82e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%202.41.12%20pm.png?VersionId=tP_QwxysXx2a93KKmMzmrqqlUvrfzWiD" />

The six buildings will rise between five and seven storeys, and will sit in 9560 sqm of landscaping, almost half of the size of the site.

Just over 20 per cent of the development will be one-bed apartments (50 units), a mix of smaller and larger configurations (some at 58 sqm).

Nearly 60 per cent of the apartments on offer will be two-bedders (127 units), again with a collection of larger two-bed apartments at 110 sqm.

The remanining apartments are three bedrooms (47), and will have some larger product spanning 135 sqm. There will also be a handful of two-level townhomes.

In the design statement submitted to the Hills Shire Council, architecture firm Turner said the&nbsp;architectural form seeks to acknowledge its surroundings in its design strategy.

<img alt="Bella Vista Landen" data-entity-type="file" data-entity-uuid="e04f0a3f-3302-489c-a109-3dec63ea303c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%202.41.19%20pm.png?VersionId=A8ZQFSUumGg_G8T9m_Utyv9fD.js0cLM" />

"The proposed development will provide a built environment suited to the context that responds to the desired future characteristics of the area, while taking cues from the existing context in terms of landscaping and materials."

They cited the local Bella Vista Farm, which was established in the late 1700s, as an inspiration for their design of the new project.

"The proposed design seeks to be place-specific and connected to the history of the area. We aim to reinterpret historical references in a new and contemporary manner."

It's the homestead in particular Turner reference.

<img alt="Turner" data-entity-type="file" data-entity-uuid="28492b44-0c76-4345-b095-d9f5ea0f45ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%202.50.06%20pm.png?VersionId=_2hXCRZDrFE.j6aAusdiRiWDsQzLZkYU" />

"Due to its cultural significance to the nation, Turner feels it is appropriate for the proposal to pay homage to the existing landscape, use and architecture of the area by setting buildings within the landscape and taking design cues from Australian vernacular architecture as exemplified by this two-storey homestead within the Bella Vista Farm complex."

The project will be delivered in three phases; the first demolition and two new roads, and half of the buildings. The final three buildings, including a landscaped podium with a resident swimming pool connecting two buildings, will be part of phase two. Phase three will see a community area and park developed.

There will be sustainability initiatives at the project, including provisions for 100 per cent charging EV, low e-glazing, and bicycle parking.

The project, to be delivered in three phases, will have 244 apartments and will take advantage of the rezoning, which now allows for a mix of R4 high-density residential and R3 medium density residential.

Landen plot $107 million, 224-apartment development in Bella Vista after rezoning

The Marina Mirage, the longtime hub of popular Gold Coast beachside suburb Main Beach, is set for a $500 million redevelopment by its owner, South Australian shopping centre tycoon Con Makris.

Makris, who has owned the Marina Mirage at&nbsp;74 SeaWorld Drive, Main Beach, since 2013, has filed plans for a full redevelopment which will turn it into a world-class destination for both Australian and international tourism.

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="7f736e58-8b58-4726-acfa-800d7a221567" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%208.27.12%20am.png?VersionId=g5p9LoSWWh8cQs0Rml8cP.1s99jFsnhg" />

There's a limited opportunity to buy into the exclusive project which fronts SeaWorld Drive, Palazzo Versace, Mariners Cove and Broadwater.

As well as an extensive retail and dining precinct and a 110-room hotel, which will come with all the trimmings expected of a high-end hotel, on offer will be 44 apartments and 46 villas.&nbsp;

There will be just four four-bedroom offerings, 56 three-bed residences, and 32 two-beds.The villas will be spread across four buildings, either side of the central pool, and the two residential buildings pointing toward the hotel block.

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="b6d2cd86-c292-40fb-b269-b734ee2c84c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%208.19.09%20am.png?VersionId=z.u1erTfnV0CII3vHPvaVP39eJVoNDez" />

Extensive amenity is spread across a number of areas. A ground floor pool will dissect the whole development. A further three swimming pools are planned, across three different rooftops, one of which (crowning the hotel) will have a bar and a seating lounge.

Melbourne architect Elenberg Fraser has handled the design of the seven-building project, with each structure having a height limit of 15 metres, or three levels.

The architecture firm, who have designed Vitale's mixed-use project The Mondrian in Burleigh Heads, will be keeping the iconic Marina Mirage sails. They will be reintroduced as part of the development at the same height as they currently are. They've been the entry point to Main Beach since the Marina Mirage opened in 1998.

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="4d1b0fad-d487-4436-846c-13cfd6c83393" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%208.27.24%20am.png?VersionId=dl5LwF1TKbmV4BIu0q1tqrEwlF2cUfml" />

The buyer profile of the apartments and villas has also been highlighted in the documentation submitted to the Gold Coast City Council.

Makris expects the project to suit retirees, independent and affluent buyers, well established couples, and families.

They will enjoy beach leisure, fine dining, museums and galleries, and cultural exploration.

The report even goes as far as what they desire. Health and well being, quality family time, reduced maintenance, and ownership and freedom are the key desires of the future buyers.

Elenberg Fraser wanted to bring a level of coastal ecology to the project.

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="45cb1407-e971-4a73-a28d-4bb95a73bbe4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%208.26.32%20am.png?VersionId=dU70UBYic2yvDBjVJ76swYzcPY96MMvu" />

"Historically, the relationship between people, plants and animals has been one of dependence and happy coexistence," the report by Elenberg Fraser noted.

"However, since colonisation people have become increasingly isolated from both plants and animals in their natural habitat. Instead of vegetated landscapes teeming with life, animals and plants have been pushed out of the hard urban environment of our cities."

They say Marina Mirage will reconstruct this ecosystem.

I"t will be a cohesive, wholistic environment, where people live in the landscape with animals, forming relationships with place.

"This re-wilded site will be heavily planted with native species, allowing native animals to return home, co-existing harmoniously with people."

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="634ca1c9-3809-42cf-83b3-2b601f9ec808" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%208.26.42%20am.png?VersionId=08lMJ6iG75722Y.xWC9EJ3KVwqZsD1Dq" />

Outdoor spaces were also a key element in the design process of both the apartments and the wider project.

"With more than 300 ‘comfortable’ days in Gold Coasts subtropical climate, outdoor spaces are critical in making the most out of our environment.

"Green spaces, balconies, terraces, laneways and water areas provide a seamless transition from indoor to outdoor, public and private and generate a greater thermal environment.

"The consideration to city rooms encourages occupation with public congregation spaces that have access to natural air and subtropical vegetation. Balconies laneways and terraces allow for indoor and outdoor spaces to be protected by natural elements; sun, wind and rain, and transforms the areas by creating private and public spaces.

"Outdoor spaces are especially relevant in ensuring the typology is activated and engaged by the city and its occupants. It encourages outdoor spaces within the building to create habitable green and elevated areas for entertainment."

Fast facts about the Marine Mirage redevelopment

<ul>
	<li>2,421 sqm of retail</li>
	<li>6,591 sqm of resort area</li>
	<li>10,852 sqm of villa area</li>
	<li>7,397 sqm of residential area</li>
	<li>4,695 sqm of landscaping</li>
	<li>110 resort rooms</li>
	<li>44 apartments</li>
	<li>46 villas</li>
	<li>381 carparks</li>
</ul>

Makris expects the project to suit retirees, independent and affluent buyers, well established couples, and families

Inside look: Residential opportunity at new $500 million Marina Mirage, Main Beach redevelopment

Design-led developer and builder Lowe Living has launched Oceano, an exclusive collection of luxury apartments in the sought-after bayside suburb of Hampton.

It's the prominent developers second multi-residential project with interiors designed by Australian media personality Bec Judd.

Located on the leafy Ocean Street in Hampton – close to the gourmet and boutique luxuries of Hampton’s main precinct and the coastal charm of Hampton Beach – Oceano comprises nine contemporary residences, including two luxury penthouses.

Over 40 per cent of the apartments have already sold through Lowe Living's database, a total of $8.5 million in sales.

Both the penthouses were snapped up, as well as two lower level apartments. Only five apartments remain, and start from $1.63 million.

Lowe Living's Emma Lowe, owner and managing director of the company, says&nbsp;Lowe Living is passionate about delivering iconic and timeless spaces, and Oceano is another example of how they are offering uncompromising luxury, coastal charm and modern comfort in one of Melbourne’s most aspirational suburbs.

Lowe pointed to the expertise of Bec Judd and the ease of working collaboratively with Judd and the project team noting that a shared vision and passion led to the delivery of a conscious, contemporary development that has been well-received by the exclusive database release ahead of the official launch.

[smartcode_project:default project_id=138593 project_image_fid=210190]

“We’ve experienced an outstanding response off-market and it’s a testament to Bec’s talent and the Lowe Living brand," Lowe says.

"To have sold 40 per cent of Oceano, including the two penthouses, before officially launching is something that we’re really proud of, and is reflective of the calibre of work and dedication the entire team has put into this project."

The collaboration marks the second time Lowe has had Judd handle the interiors, following the successful debut project Sera Brighton.

“It has been a pleasure to work with Bec once again to bring Oceano to life," Lowe added.

“Bec’s natural design ability and unique, considered style has resulted in interiors that are effortlessly sophisticated yet welcoming, perfectly achieving our design vision."

<img alt="Bec Judd" data-entity-type="file" data-entity-uuid="06df7ac1-bd7f-496f-81d8-6d9ff08af996" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%209.14.13%20am.png?VersionId=VQ.UsRZLFIGCPTYcJHBZiZKP_QmjWuJx" /> 
Bec Judd sitting alongside Emma and Tim Lowe. Image supplied

Architecturally designed by boutique practice ADDARC, the exteriors of Oceano will balance statement brickwork with bold graphite sunscreens and stucco rendering, creating a contemporary, refined, and timeless project in which each individual residence has been created and considered as an individual dwelling.

Landscape architect Florian Wild has been engaged to bring the landscaping to life, establishing an experiential, evocative sanctuary that will complement the striking built form and respond to the distinguished bayside locality.

Judd says she wanted to blend sophisticated form and coastal sensibility for the interiors of Oceano, complementing the impressive external façade and creating richly textured, inviting interiors that instantly felt like a home.

“The intention was for Oceano’s interiors to beautifully juxtapose the bold exterior with a soft aesthetic that feels luxurious, cosy and sophisticated. I wanted to establish a design narrative that felt unique to this address,” Judd said.

Judd chose a natural stone benchtop to present the heart of the home, the kitchen, complemented by timber flooring and beautifully contrasted against striking gunmetal fixtures for a bold edge.

[smartcode_project:default project_id=138593 project_image_fid=210189]

Handcrafted ceramic feature tiles frame a suite of high-end Miele appliances – a level of luxury surpassed only by the fully-integrated fridge cloaked in an unassuming French door, while the juxtaposition of V-groove 2PAC panelling against metal finishes creates a striking level of sophistication that invites elegant personalisation.

“The gravitas of the kitchen flows effortlessly through to a living space, creating a functional yet aesthetic interior environment that radiates with a refined vitality.

Luxury furnishings are accompanied by customisable joinery, blending beauty with practicality, and allowing residents to personalise Oceano into their true dream home.

“The project departs from a typical beachside aesthetic with earthy finishes and an industrial inspired façade, while the interiors are led by a warm, inviting interior palette that is responsive to the soft natural surrounds of the gardens and landscaping,” Judd said.

[smartcode_project_cta:default project_id=138593]

&nbsp;

Over 40 per cent of the apartments have already sold through Lowe Living's database, a total of $8.5 million in sales

Lowe Living launch luxury Hampton apartments Oceano, with Bec Judd interiors

Conditions are right for smart owner-occupiers and investors to swoop on off the plan property in Australia.

That's the view from developer Iwan Sunito, the chief executive of Crown Group and founder of the recently launched development company One Global Capital.

Sunito says underlying conditions in the Australian property market are sound, and green shoots of recovery will soon appear.

“Growing numbers of Australians are choosing to live in units or apartments, to the point that they now&nbsp;account for 47 per cent of total dwelling commencements&nbsp;in the five years to 2018, up from 42 per cent in the 10 years to 2018," Sunito says.

"People want the convenience of living close to amenities like cafes, shopping centres and transport links.

[smartcode_project:default project_id=5180 project_image_fid=197149]

"'Empty nester downsizers’ are certainly among those seeing the practical, lifestyle benefits, helped by capital gains they have made, so apartment living is increasingly common and the preferred option."

Suntio cites the new stamp duty reforms in NSW, which means eligible first home buyers can now opt-out of paying the upfront burden of stamp duty and instead pay a smaller annual property tax.

"The State Government scheme is enabling young couples and individuals looking to spend up to $1.5 million on property for the first time to cut up to two years off the cost of saving for a deposit," Sunito notes.

There's also the case for investors coming into the off the plan market, with strong rental yields being achieved due to the demand hugely outstripping supply.

[smartcode_project:default project_id=7020 project_image_fid=25155]

“We know that with borders reopening, demand for apartments is rebounding in the rental market which is forcing rents to increase, making returns more attractive to investors. International students, overseas and interstate workers are returning.

"For example, China announced in late January that its citizens studying with foreign universities must return to in-person classes. This alone spells the return of around 40,000 people to Australia. The Commonwealth Government’s migrant policy also aims to deliver 200,000 skilled people annually over the next five years.”

CoreLogic's December 2022 update showed Australia's three largest&nbsp; pegged Sydney's gross rental yield at 3.89 per cent, Melbourne at 4.18 per cent, and Brisbane at 5.17 per cent.

"Given the return of tertiary students, people moving interstate and forecast new arrivals, it is hard to see this upward trajectory changing over the next few years at least."

[smartcode_project:default project_id=5827 project_image_fid=174166]

Sunito says underlying conditions in the Australian property market are sound, and green shoots of recovery will soon appear

Why Australians should purchase off the plan property in 2023: Iwan Sunito

At its meeting today, the RBA decided to increase the cash rate target by 25&nbsp;basis points to 3.35&nbsp;per&nbsp;cent, a ninth consecutive increase and the first for 2023

It also increased the interest rate on Exchange Settlement balances by 25&nbsp;basis points to 3.25&nbsp;per&nbsp;cent.

<h2>RBA Governor Philip Lowe's statement</h2>

Global inflation remains very high. It is, however, moderating in response to lower energy prices, the resolution of supply-chain problems and the tightening of monetary policy. It will be some time, though, before inflation is back to target rates. The outlook for the global economy remains subdued, with below average growth expected this year and next.

In Australia, CPI inflation over the year to the December quarter was 7.8&nbsp;per&nbsp;cent, the highest since 1990. In underlying terms, inflation was 6.9&nbsp;per&nbsp;cent, which was higher than expected. Global factors explain much of this high inflation, but strong domestic demand is adding to the inflationary pressures in a number of areas of the economy.

Inflation is expected to decline this year due to both global factors and slower growth in domestic demand. The central forecast is for CPI inflation to decline to 4¾&nbsp;per&nbsp;cent this year and to around 3&nbsp;per&nbsp;cent by mid-2025. Medium-term inflation expectations remain well anchored, and it is important that this remains the case.

The Australian economy grew strongly over 2022. The central forecast is little changed from three months ago, with GDP growth expected to slow to around 1½&nbsp;per&nbsp;cent over 2023 and 2024. The recovery in spending on services following the lifting of COVID restrictions has largely run its course and the tighter financial conditions will constrain spending more broadly.

The labour market remains very tight. The unemployment rate has been steady at around 3½&nbsp;per&nbsp;cent over recent months, the lowest rate since 1974. Job vacancies and job ads are both at very high levels, but have declined a little recently. Many firms continue to experience difficulty hiring workers, although some report a recent easing in labour shortages. As economic growth slows, unemployment is expected to increase. The central forecast is for the unemployment rate to increase to 3¾&nbsp;per&nbsp;cent by the end of this year and 4½&nbsp;per&nbsp;cent by mid-2025.

Wages growth is continuing to pick up from the low rates of recent years and a further pick-up is expected due to the tight labour market and higher inflation. Given the importance of avoiding a prices-wages spiral, the Board will continue to pay close attention to both the evolution of labour costs and the price-setting behaviour of firms in the period ahead.

The Board recognises that monetary policy operates with a lag and that the full effect of the cumulative increase in interest rates is yet to be felt in mortgage payments. There is uncertainty around the timing and extent of the expected slowdown in household spending.

Some households have substantial savings buffers, but others are experiencing a painful squeeze on their budgets due to higher interest rates and the increase in the cost of living. Household balance sheets are also being affected by the decline in housing prices.

Another source of uncertainty is how the global economy responds to the large and rapid increase in interest rates around the world. These uncertainties mean that there are a range of potential scenarios for the Australian economy.

The Board’s priority is to return inflation to target. High inflation makes life difficult for people and damages the functioning of the economy. And if high inflation were to become entrenched in people’s expectations, it would be very costly to reduce later. The Board is seeking to return inflation to the 2–3&nbsp;per&nbsp;cent range while keeping the economy on an even keel, but the path to achieving a soft landing remains a narrow one.

The Board expects that further increases in interest rates will be needed over the months ahead to ensure that inflation returns to target and that this period of high inflation is only temporary. In assessing how much further interest rates need to increase, the Board will be paying close attention to developments in the global economy, trends in household spending and the outlook for inflation and the labour market. The Board remains resolute in its determination to return inflation to target and will do what is necessary to achieve that.

The Board expects that further increases in interest rates will be needed over the months ahead to ensure that inflation returns to target and that this period of high inflation is only temporary

"Further increases in interest rates will be needed": RBA hike interest rates for ninth consecutive meeting

Experienced south-east Queensland builder, Greyburn Building Contractors, is moving ahead with construction on Immerse Projects’ boutique residential apartment project Rhythm Kirra Hill, following a solid take-up from buyers eager to get into the tightly held southern Gold Coast market.

Long-time builder John Kearney, who heads up Greyburn, is also the developer of Rhythm. It's the first mutli-res tower in the southern Gold Coast for Immerse Projects, who have focused previously on residential estates and terrace developments in the hinterland.

Rhythm Kirra Hill, at 30 Garrick Street, will comprise 40 coastal-inspired apartments across a seven-level building, within walking distance to the white sand of Coolangatta’s and Kirra’s world-class beaches.

“I am pleased to announce that Rhythm Kirra Hill is well and truly underway, and we look forward to seeing our vision come to life over the next 18 months,” Kearney said.

[smartcode_project:default project_id=112169 project_image_fid=207368]

Kearney says the company is well positioned to deliver Rhythm, having successfully completed a variety of residential projects across South-East Queensland.

“Demand for premium beachside apartments on the southern Gold Coast is higher than ever, so we are excited to be officially under construction with project certainty to bring this highly-desirable project to life."

The selling agent for Rhythm Kirra Hill, Jayde Pezet of Pezet Matheson, says construction comes hot off the back of strong enquiry for the project.

“The project has been exceptionally well received and many prospective buyers have been enticed by the project’s close proximity to key lifestyle amenities,” Pezet said.

[smartcode_project:default project_id=112169 project_image_fid=207549]

“We are continuing to see a high level of interest at Rhythm as more people recognise the unique opportunity to live in a premium apartment building just 350m to one of Queensland’s most famed beaches.

“World-class surf breaks, picturesque walkways, a major supermarket, boutique shopping and beloved local cafes restaurants is all an easy walk from your doorstep here at Rhythm Kirra Hill.”

A limited release of one and three-bedroom apartments have just been launched to the market. Now one, two and three-bed apartments are available.

Pezet says the ones and three's are already appealing to a range of buyers.

[smartcode_project:default project_id=112169 project_image_fid=207367]

One-bedroom and one-bathroom configurations are priced from $720,000, the two-bedroom and two-bathroom offerings are priced from $915,000. The three-bedroom apartments, which include a multipurpose room and two bathrooms, are priced from $1,355,000.

All apartments offer at least one secure car space and storage in the basement. Located on a prime corner site at the base of Kirra Hill at 30 Garrick Street, Rhythm will be framed by lush sub-tropical landscaping and offer residents a host of tailored amenities.

The rooftop will feature a pool, barbecue, and dining area. The ground level will feature a sauna, gym, outdoor shower, and meeting room, and offer the convenience of parcel lockers.

Completion is scheduled for 2024.

The Sales House is located at 39 McLean Street and the project is being jointly marketed by Pezet Matheson and Ashwin Property.

[smartcode_project_cta:default project_id=112169]

Rhythm Kirra Hill, at 30 Garrick Street, will comprise 40 coastal-inspired apartments across a seven-level building, within walking distance to Coolangatta’s and Kirra’s world-class beaches.



Construction begins on Rhythm, Kirra Hill apartments

It was 2007 when the last apartment development was completed on Garfield Terrace, the exclusive stretch of real estate in Surfers Paradise.

That was Jade Apartments, which still holds cache among locals. Some of those apartments, which were selling shortly before the global financial crisis, were fetching over $6 million.

Fast forward 15 years and there's over $1 billion of developments in the pipeline, the majority targeting the high-end buyer pool.

A number of the developers who are tackling the beachfront have brought their money up from Sydney.

The Sydney-based, ASX-listed ASF Group are onto their next project. Having seen success at the nearby The AU, they've recently offered a limited release of residences at Aura on the Beach at 59 Garfield Terrace, just&nbsp;26 full-floor residences and a single multi-level penthouse, one of the largest on the beachfront.

The 31-level tower offers a unique point of difference to other projects. It sits on one of the only corner blocks on the exclusive street with the beach entry just steps from AURA's front door.

[smartcode_project:default project_id=9097 project_image_fid=209164]

ASF have also previously developed the masterplan Peninsula Collection on Hope Island, which is sold out and currently under construction.

Also offering a point of difference due to its site is AALTO, the new project from Sydney's Weiya Holdings, another who has already cut their teeth in the local market with DE-LUXE in Burleigh Heads.

AALTO, at 75-79 Garfield, sets itself apart by having 24 metres of beachfront, more than any other project currently in development. It is also located across the road from the BMD Northcliffe Surf Life Saving Club, which will protect the views down to the south.

[smartcode_project:default project_id=108209 project_image_fid=206388]

The luxury tower has been in high demand since launching late last year, with a number of whole floor apartments snapped up.

Prices start from $2.32 million for the two-bedroom apartments, which span nearly 200 sqm of living space. There are 66 apartments in the 38-level tower, including a luxury two-level penthouse which is priced at $15.8 million.

Another Sydney developer, Iris Capital, who are prominent in both Sydney and Newcastle and are developing the&nbsp;$800 million Victoria &amp; Albert mixed-use precinct on the site of Broadbeach's famed Niecon Plaza, are awaiting to launch their beachfront project.

Next door to AALTO, the development approved 71 on Garfield will have 51 apartments across its 38 levels.

Floorplans will range from three-bedroom half floor layouts, through to four-bedroom plsu study full floor apartments with their own private plunge pool.

The tower will be crowned by an exclusive collection of dual storey five-bedroom sub penthouses and a triple storey penthouse complete with its own rooftop retreat.

The Sydney-based Sammut Group were debutants when they launched their luxury development Coast, which will be the first to be completed on the strip.

There are local development firms however who are taking on the beachfront.

KTQ Group, who are redeveloping the Kirra Beach Hotel down in Kirra Point to a contemporary mixed-use precinct, have recently secured approval for Seren at 27 Garfield Terrace.

<img alt="Seren KTQ" data-entity-type="file" data-entity-uuid="9c118b38-88cd-4413-9ab4-d34c902c2c78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-02%20at%201.24.09%20pm.png?VersionId=AlgBtnd_lbF2_gwwfx.HSOK0EBfpGYVw" />

Seren will comprise an independent luxury, 60-room hotel, with some suites offering over 100 sqm of living space.

The hotel will occupy levels three to six, then above is the hotel and the residences pool and recreation decks. Then above the level nine wellness level are the 60 residences, the smallest on offer spanning a huge 350 sqm and offering three-bedrooms and a multi-purpose room.

Frank Licastro's Frank Developments recently secured approval for MIRA, which will have just&nbsp;11 two-level apartments, which are being pitched as "vertical beach homes".

The 25-level tower will be the first of it's kind for the Gold Coast.

“A double-level floor plan is traditionally reserved for the penthouse purchaser," Licastro says.

"At MIRA, every apartment is dual-level, meaning every resident will experience the penthouse way of life – private, elevated and life enhancing."

There's a few projects lined up just off Garfield Terrace, which are pitched at a different type of buyer.

Malaysian developer MRCB's first development on the Gold Coast, 26 Vista, starts from $600,000 for a one-bedroom apartment, and up to $15 million for the penthouse.

[smartcode_project:default project_id=112730 project_image_fid=208885]

Matt George, national sales and marketing agency Urban Activation, says the apartments have been well received since launching.

“We’ve had a great amount of traffic throughout the display since opening – a number of groups from Melbourne, Sydney and Brisbane and a lot of people who are looking for a property on the Gold Coast.”

Set to rise 51 levels home to six three-storey townhouses, 267 apartments, six sub penthouses and a full floor penthouse, 26 Vista will reside within walking distance of everything Northcliffe has to offer, from the iconic beach to acclaimed restaurants.

[smartcode_project:default project_id=112730 project_image_fid=209971]

An extensive range of amenities will be on offer at 26 Vista including an internal wellbeing precinct featuring a spa, gym, outdoor yoga space, pool, sauna, and steam room, alongside a private dining room equipped with a professional chef’s kitchen, an in house cinema room, co-working spaces and business meeting rooms and a resident’s lounge.

Level 51, which offers 360-degree views over the Gold Coast, will house a secondary residents lounge located beside the level observation deck, bordered by a lush rooftop garden.

“26 Vista presents a rare opportunity for buyers in pursuit of lifestyle, a coastal destination, and unparalleled amenity at their fingertips,” said George.

George says the whole&nbsp;Garfield Terrace precinct has really come to life in the last two years and there are a lot of significant players circling around sites to be a part of the area’s transformation.

“It is certainly the number one strip on the Gold Coast when it comes to new ultra-luxury apartments."

Brent Thompson's Siera has development approval for a high-end project just off Garfield Terrace at Enderley Avenue.

They'll be developing just 54 apartments across the 25-level BDA Architecture-designed tower at 8 Enderley Avenue, offering a maximum of three apartments per floor.

Residents will enjoy extensive amenities in the project, which is becoming a signature of Siera's Gold Coast developments with their recent Tapestry development showcasing a rooftop amenity not yet seen before on Chevron Island.

There will be two levels of amenity, with the lower level hosting a communal mezzanine with a spa, gym and sauna, and the upper level with a lap pool with pool deck, barbecue alfresco and dining space, a private dining area with a bar and cellar room, a games room, and a space with work from home facilities.

$1 billion apartment development pipeline to transcend Garfield Terrace 

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

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

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

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

Joel Robinson

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