Albion's landmark Breakfast Creek Hotel is set to get a new neighbour, with a Sydney investor filing plans for a two-tower project across the road.

The plans, submitted by DRJ Investments on a 2,569 sqm block spanning 4 Higgs Street and 11 Sandgate Road, are for two 17-level buildings homing 199-apartments, rooftop recreation, and an activated ground plane.

Architecture firm Jackson Teece said in their Design Report that the neighbouring heritage-listed Breakfast Creek Hotel played into the design.

<img alt="Breakfast Creek Hotel" data-entity-type="file" data-entity-uuid="08d2ffc7-ca91-430f-91e7-395b467f6b73" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%204.39.17%20pm.png?VersionId=jGEF5LbL7b4Z1UY.b_5mA8TTEUH_xSDT" />

"This proposed development provides an opportunity to renew and further establish a highly activated and people oriented precinct," the report said.

"The existing Breakfast Creek Hotel, a rare and historic cultural icon, is central to our consideration for the revitalisation of the precinct.

"The podium extends one level above the Breakfast Creek Hotel in order to provide a sympathetic and natural backdrop, emphasising the profile and character of the historical hotel and its hero'ing architectural style without competing."

They said hospitality uses will be pursued that are complementary to the existing operations of the hotel. The food and beverage tenancies will run alongside the pedestrian traffic on the Breakfast Creek pathway. The ground level restaurant will provide a semi-outdoor, subtropical dining area.

"This area is intended to be utilised by residents for breakfasts and likely offer a variety of complementary and inclusive refreshments, and act as a meeting area for breakfast, lunch and for occupants to relax," the report added.

<img alt="Breakfast Creek Hotel" data-entity-type="file" data-entity-uuid="864d2ef6-37c1-4d9f-8d62-e7d7d36afee0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%204.39.50%20pm.png?VersionId=P8SdYMHBUcNHmXDzLd_2A_T1cdO6bpQY" />

There will be 45 one-bedroom apartments, 117 two-bedroom units, and 16 three-bedrooms, as well as 21 two and three-bedroom SOHO apartments (part residential, part commercial).

Each of the podium apartments on the lower levels will benefit from large outdoor areas fringed by landscaping.

70 per cent of the apartments maximise northern and a north east aspect, and another 70 per cent maximise south and south eastern primary views to the City and Brisbane River as well.

The buildings are crowned with a rooftop recreation area with a 20 metre lap pool and spa, poolside cabanas, a gym with a yoga deck, a cinema room, business centre, private dining space, and a communal recreation space.&nbsp;

<img alt="Breakfast Creek Hotel" data-entity-type="file" data-entity-uuid="8baa33c3-6b7a-43ff-99a1-d241f8a4cfde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%204.39.45%20pm.png?VersionId=MJ7eWlsr9UH7PVjOExA_pwFJp8Qt8Tez" />

Town Planning Report by Place Design Studio said the proposed development has been expertly designed to embrace the subtropical climate of Brisbane and achieve the vision and design benchmarks of the New World City Design Guide – Building that Breathe.

"Specifically, the proposed development implements principal elements of living greenery, streetscape activation, sunlight, natural air and ventilation, landscaped podium courtyards, and generous outdoor living spaces for each apartment.

"Furthermore, the proposed development includes a large, pedestrian oriented and landscaped plaza, extending from the ground level and out onto the end of Higgs Street between the site and the Breakfast Creek Hotel.

"This plaza represents a significant upgrade to the public realm and a substantial placemaking outcome for the locality. The plaza is a significant community benefit and one which would not have been delivered by the current City Plan outcomes.

Currently on the site is a one-level office building.

Architecture firm Jackson Teece said in their design report that the neighbouring heritage-listed Breakfast Creek Hotel played into the design.

Joel Robinson

Albion's iconic Breakfast Creek Hotel to get new neighbour

Brisbane unit values continued their consistent value growth pattern across June, according to property data analytics firm CoreLogic's Monthly Hedonic Home Value Index.

Unit values rose a further one per cent last month, following gains of 1.1 per cent in May and 0.9 per cent in April.

Brisbane's median unit value broke through the $500,000 barrier in May. Now it's over $512,000, according to CoreLogic, after year to date gains of three per cent.

Units in Brisbane have proven to be one of the best performing markets over the last 12 months despite the nation-wide downturn fuelled by rising interest rates. Compared to this time last year, Brisbane unit values are 1.5 per cent higher. Only Perth and Adelaide's units have seen growth over the same period.

CoreLogic's Research Director Tim Lawless says a lack of available supply continues to be the main factor keeping upwards pressure on housing values.

“Through June, the flow of new capital city listings was nearly -10 per cent below the previous five-year average and total inventory levels are more than a quarter below average.

Read more:&nbsp;<a href="/news/nsw/city-beat-june-2023-sydney-secures-off-the-plan-sales-success-at-affordable-and-luxury-ends-of-the-market">City Beat June 2023: Brisbane's tight supply drives off the plan apartment sales</a>

"Simultaneously, our June quarter estimate of capital city sales has increased to be 2.1% above the previous five-year average.”

Although housing values continue to record a broad-based upswing, the pace of growth across most capitals eased in June.

“A slowdown in the pace of capital gains could be a reflection of a change in sentiment as interest rate expectations revise higher,”&nbsp;Lawless added.

“Higher interest rates and lower sentiment will likely weigh on the number of active home buyers, helping to rebalance the disconnect between demand and supply.”

<h2>Brisbane's off the plan update July 2023</h2>

Those developers who have had their projects in market over the last few months, and have either shown buyers they've delivered quality product previously or they have agreements in place with builders, are securing strong sales.

Colliers Director Residential Lily O'Connell says buyer activity throughout the first half of 2023 has been incredibly positive across their Brisbane projects.

"We’ve consistently experienced higher than average enquiry numbers and inspections as demand continues to outstrip supply," O'Connell says.

"There’s been immense media hype around the high-end apartment market, however buyer demand isn’t isolated to the top end. We’ve experienced strong sales activity across all product types and price points."

[smartcode_project:default project_id=108736 project_image_fid=209941]

O'Connell says that while&nbsp;local owner occupiers have predominantly driven buyer activity, they have witnessed a surge in renewed interest from interstate and overseas buyers, both owner-occupiers and investors.

Three key trends have emerged so far in 2023, O'Connell says, the first, unsurprisingly, being the substantial number of downsizers.&nbsp;

"The key difference to previous observations is their inclination to deviate from traditional retirement living and instead opt to remain in their apartment for the foreseeable future. As a result, factors such as accessibility, apartment liveability and lifestyle amenity hold utmost importance to them."

[smartcode_project:default project_id=108736 project_image_fid=209692]

The second trend is the all-time high demand for two-bedroom, two-bathroom apartments with two car spaces and a multi-purpose room.

"Historically, this particular group of buyers would typically opt for three-bedroom apartments," O'Connell says, adding however that, due to subsequent price changes in off the plan properties, this configuration has become an affordable and appealing lifestyle alternative.&nbsp;

The third has been significant demand for larger three-bedroom apartments which are at the more affordable end of the three-bed market.

"In our projects across Brisbane, we have amalgamated a total of eighteen individual apartments to create nine larger apartments. These apartments are typically situated on the lower levels of a building which have created more affordable price point options."

[smartcode_project:default project_id=113455 project_image_fid=211471]

Place Kangaroo Point Director Simon Caulfield has been secure record-breaking sales on Brisbane's riverfront over the last few months.

He says Brisbane has "come of age."

"The price data indicates a shift in perception and a growing recognition of the city's potential among buyers," Caulfield said.

"The limited listings in Brisbane's premium suburbs and the notable sales in New Farm and Kangaroo Point have created a sense of urgency surrounding this price point.

"Place Advisory says penthouse sales have risen by 350 per cent since 2017, as luxury and security become front of mind for cashed-up interstate and local buyers."

Earlier this year Caulfield sold Spyre Group's Moray House penthouse for a new record $15.75 million, as well as the smallest whole floor apartment in the six-level New Farm building, for $9 million. That apartment, with 259 sqm of internal living area, represented a price of over $34,000 per sqm, a price more commonly achieved in Sydney or Melbourne.

[smartcode_project:default project_id=105057 project_image_fid=209769]

"It is not just the views that are creating this sense of urgency; it is the limited opportunities available in this market," Caulfield added.

"The demand for premium properties with exceptional features and locations has surpassed the available supply. Buyers are recognizing the potential for future growth and are eager to secure their place in this burgeoning market.

"Brisbane has indeed come of age, and buyers are taking note.

"The recent sales at the higher end of the market, coupled with limited opportunities and the allure of exceptional views, have created a sense of urgency and heightened interest among buyers. The city's potential for growth and the prospect of securing a premium property have positioned Brisbane as a compelling destination for real estate investment."

[smartcode_project:default project_id=105057 project_image_fid=209770]

Position Property Director Richard Lawrence says demand is outstripping supply, and that will continue well into next year.

"The Brisbane residential property market is at a critical crossroad, with new listings across the city reported as being 17.8 per cent lower than the previous five-year average, and almost 20 per cent lower than this time last year," Lawrence said.

"With more than 700,000 migrants forecast to make the move to Australia by 2024, combined with interstate migration, this unprecedented demand will continue to outstrip supply."

Lawrence says, with inflation and construction costs continuing to rise each quarter and momentum building towards the Brisbane 2032 Olympics, he can’t see the trend in supply or property prices changing in the coming months or years.

Brisbane's median unit value broke through the $500,000 barrier in May. Now it's over $512,000, according to CoreLogic, after year to date gains of three per cent

City Beat July 2023: Brisbane "has come of age" as apartment demand booms

Expressions of interest are starting to be taken at Carrington Place, the $850 million Castle Hill masterplan by local developer Ellipse Property Group.

Carrington Place will deliver 771 apartments spread across seven architecturally distinctive buildings designed by Scott Carver. There will be a range of one, two and three-bedroom apartments.

The first stage to be released, Atrium, will comprise 151 apartments within one eight-storey building with rooftop recreational spaces that provide views of the surrounding landscape.

[smartcode_project:default project_id=89496 project_image_fid=216766]

Atrium will be the gateway to the Carrington Place precinct, embodying the essence of the community’s vision for a sustainable and healthy lifestyle.

PRD Norwest Managing Director, David Inkster, in collaboration with Ellipse Salesteam, said Atrium will be the most premium apartments in Castle Hill.

“With a deep connection to nature immersed in the peaceful bushland of Cattai Creek, Atrium will provide residents with spacious homes featuring two design schemes," Inkster said.

"These will be the most premium apartments in Castle Hill, primely located directly opposite the Hills Showground Metro Station."

[smartcode_project:default project_id=89496 project_image_fid=216770]

&nbsp;

Scott Carver’s Senior Interior Designer, Helen Morrow, says there are two colour palettes at Atrium for buyers to choose from.

"The Tranquil palette is a very calm, neutral environment," Morrow said.

"The Luminous on the other hand is a warmer, more expressive palette and that’s more for energy and rejuvenation so it’s modern, fuss-free, it will allow people to really live their best lives."

Award-winning architecture firms Tony Owen Partners and Stanisic Architects have designed the buildings to immerse with its surrounding natural landscapes while complementing the curve of the tranquil Cattai Creek which runs along the western border of the development.

[smartcode_project:default project_id=89496 project_image_fid=216764]

&nbsp;

Uniquely, the precinct will be home to over 20,000 sqm of outdoor recreational space and lush gardens, conceived by landscape architect, Ross Shepherd, Director of Site Image Landscape Architects, making it one of the greenest masterplanned communities in the Hills district.

“The lifestyle of this precinct is quite a cosmopolitan meets environmental lifestyle. I think it’s a lovely balanced environment for people to enjoy,” Shepherd said.

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.

[smartcode_project:default project_id=89496 project_image_fid=216768]

Ellipse Property has committed to dedicate over 6500 sqm of the Cattai Creek back to the community in this masterplan.

&nbsp;

Ellipse Property has also 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’. The area is home to an array of wildlife, flora and fauna, in particular The Powerful Owl, the largest owl on the Australian continent.

Located directly opposite the Hills Showground Metro Station, the development will provide future residents with connectivity to Sydney’s CBD, Chatswood, North Sydney, Macquarie Park and Norwest Business Park. With trains operating every four minutes in peak hour in each direction, residents are offered the highest convenience on Australia’s first driverless railway.

Construction is planned to commence in Q3 2023 with Stage 1 Atrium due for completion in Q3 2025. The entire five-stage precinct is due for completion in 2032.

[smartcode_project_cta:default project_id=89496]

The first stage to be released, Atrium, will comprise 151 apartments within one eight-storey building with rooftop recreational spaces that provide views of the surrounding landscape



$850 million Castle Hill masterplan Carrington Place starts selling

Sydney unit values are continuing to bounce back from their 2022 losses.

Property data analytics firm CoreLogic's Monthly Hedonic Home Value Index found the value of Sydney units grew by 1.2 per cent in June, showing a consistent pattern following gains of 1.1 per cent in May and 1.2 per cent in April.

Sydney unit values are now 3.5 per cent year up year to date and just&nbsp;-3.4 per cent down compared to this time last year.

CoreLogic's Research Director Tim Lawless says a lack of available supply continues to be the main factor keeping upwards pressure on housing values.

“Through June, the flow of new capital city listings was nearly -10% below the previous five-year average and total inventory levels are more than a quarter below average.

Read more:&nbsp;<a href="/news/nsw/city-beat-june-2023-sydney-secures-off-the-plan-sales-success-at-affordable-and-luxury-ends-of-the-market">City Beat June 2023: Sydney secures off the plan sales success at affordable and luxury ends of the market</a>

"Simultaneously, our June quarter estimate of capital city sales has increased to be 2.1% above the previous five-year average.”

Although housing values continue to record a broad-based upswing, the pace of growth across most capitals eased in June.

“A slowdown in the pace of capital gains could be a reflection of a change in sentiment as interest rate expectations revise higher,”&nbsp;Lawless added.

“Higher interest rates and lower sentiment will likely weigh on the number of active home buyers, helping to rebalance the disconnect between demand and supply.”

<h1>Sydney's off the plan update July 2023</h1>

A number of agents across Sydney are suggesting sentiment is continuing to grow in the off the plan apartment market.

Colliers National Director Blake Schulze says, while sales are happening in both the top and bottom ends of the market, a significant trend has been the time taken to convert a lead.

“One notable observation is that the time it takes for buyers to move from an initial enquiry to a sale has reduced by 50 per cent, which is a significant trend," Schulze says.

There's been more enquiry come through from investors, Schulze says, however the purchasers are still primarily owner-occupiers. Schulze has also seen enquiry rise from first home buyers, who have been waiting for the NSW stamp duty saving changes that came into force July 1.

Read more:&nbsp;<a href="/news/nsw/nsw-stamp-duty-the-july-1-2023-change-that-will-affect-first-home-buyers">NSW Stamp Duty: The July 1 2023 change that will affect first home buyers</a>

James Lampropoulos, Director and Partner at Laver Residential Projects, says the company have had their best selling month in around six months.

"The market sentiment across the board is still quite strong, in particular we are seeing the high end of the market (over $3 million) in Sydney performing very well as well as good quality stock up to $1 million," Lampropoulos said.

"These buyers are very active and still believe that property is the best asset class to secure their financial future."

Lampropoulos says they've already seen a surge in demand following the new stamp duty rules across their projects in&nbsp;Bexley, North Strathfield and Wentworth Point.

[smartcode_project:default project_id=5751 project_image_fid=209834]

Laver has had success at the top end in&nbsp;The Rathbone in Surry Hills and Munro House in Elizabeth Bay in the last few weeks, which represent the middle to higher end of the market.

"Both projects are under construction, which tends to draw more buyers at this stage of the marketing,"&nbsp;Lampropoulos said.

"Those in the $2 million to $5 million range are looking for something nearing completion. They’re not jumping in at the absolute off the plan, pre sales stage, because they tend to need to sell their current home to buy.&nbsp;They need peace of mind they’re buying and selling in a similar market.

[smartcode_project:default project_id=100691 project_image_fid=186114]

"In contrast, those buying in the very top end of the market with budgets over $7 million or so aren’t so reliant on selling their current home, so they’re the more likely the early buyers."

Trio Property Agency's Thomas Panson has too seen first home buyers jump, in part due to the stamp duty concessions under $800,000, but also from renters who are now looking to buy due to increased rental prices across the city.

Panson says this has particularly affected the buyers in the $800,000 to $1 million range.

[smartcode_project:default project_id=7054 project_image_fid=47637]

There's been success in both Newcastle and Orange for Urban Activation, who are marketing Iris Capital's East End development in Newcastle and 103 Prince in the popular wine region of Orange.

Urban Activation's Sales and Marketing Director Matt George says local&nbsp;first home buyers, downsizers and investors from the Hunter region and Sydney make up a large portion of the purchasers in Newcastle. 

"Large scale two and three bedroom apartments are in demand with a continuing growing trend towards the limited supply of three bedrooms," George says.

[smartcode_project:default project_id=107744 project_image_fid=211155]

George cites Newcastle infrastructure pipeline as an attractive proposition for both investors and owner-occupiers.

"Newcastle has had a huge amount of infrastructure, particularly with light and heavy rail over recent years, and has a wide range of growth plans into the future with Iris Captial’s East End Development and Honeysuckle HQ continually improving the retail and hospitality offerings substantially."

Urban Activation is also working on 103 Prince, the first multi-residential apartments and townhouse project in the Central West area. The project filled such a niche it sold out around half of the residences before it even launched.

[smartcode_project:default project_id=114129 project_image_fid=214387]

The development approved project has been popular with local downsizers, particularly farm owners, who have never had an opportunity to downsize to something new. There's also been steady and regular interest from Sydney and New South Wales investors.

City Beat July 2023: Sydney growth continues as first home buyers get new stamp duty concessions

Sydney developer and builder ALAND has unveiled its collection of penthouse atop their new Gosford apartment development, Archibald by ALAND.

The 12 penthouse apartments, across the top two levels of the Donnison Street tower, have been dubbed the Signature Collection, featuring extensive views across both the surrounding water and mountains.

The three and four-bedroom penthouses range in size from 176 sqm to 280 sqm, and are priced from $2,320,000.&nbsp;

The Signature Collection is expected to attract discerning buyers from Gosford, Newcastle and Sydney who are either looking to downsize, buy a high-end weekender, or make plans for future retirement on the Central Coast.&nbsp;

ALAND Founder and Director Andrew Hrsto says The Signature Collection is a masterclass in contemporary apartment design and also demonstrates his own passion for high-quality finishes.&nbsp;

&nbsp;

[smartcode_project:default project_id=134670 project_image_fid=215488]

“Our design brief was to create something glamourous and yet understated and timeless – and I believe we’ve achieved that brilliantly,” Hrsto said.

“At the same time I wanted the Collection to incorporate a rich blend of prestige materials, such as Tundra Grey marble benchtops, Carrara marble tiles and Australian oak floorboards.”

Apart from their generous floorplans, the penthouses feature elevated ceilings to ensure that residents make the most of their sweeping ocean and mountain views.

“Everything in these apartments and penthouses is about creating a sense of space and light,” Hrsto added.

&nbsp;

[smartcode_project:default project_id=134670 project_image_fid=215487]

“That is why we’ve introduced higher ceiling heights and fluted cabinetry throughout.”

The Signature Collection penthouses feature premium fittings such brushed-nickel Grohe tapware and Series 9 Fisher &amp; Paykel appliances. Penthouses also include fireplaces, cocktail-style bar areas, wine fridges, stacked double ovens and a butler’s pantry.

ALAND Head of Development Ryan Lane&nbsp;says The Signature Collection captures a sense of coastal elegance, combining timeless interior design with a sophisticated use of materials and colours.

“The finishes, such as the fluted joinery are very tactile and textured, while the curvilinear shapes embody the dynamic nature of water. This is appropriate since most of the living spaces look out over Brisbane Water,” Lane said.

&nbsp;

[smartcode_project:default project_id=134670 project_image_fid=215489]

“Residents of these penthouses will enjoy an enviable lifestyle. The seamless flow between inside and outside spaces will make entertaining family and friends at home a pleasure. Residents and their guests can also enjoy a cocktail at the Skybar &amp; Lounge on level 28 or meet at the podium level swim-up bar or the ground floor Union Hotel."

Lane says that Archibald by ALAND, which is scheduled to be completed at the end of 2024, will be a one-of-a-kind offering on the Central Coast, providing easy access to the region’s beautiful beaches and national parks, transport links and many local services.&nbsp;

“The town of Gosford offers a wealth of natural beauty, but still offers great connectivity to Sydney and regional NSW. At the same time residents will find much of what they need, such as dining, shopping and entertainment options, literally on their doorstep.”

The mixed-use project comprises 323 apartments, 130 hotel rooms, and a cosmopolitan dining precinct at the foot of the building.

[smartcode_project_cta:default project_id=134670]

ALAND Founder and Director Andrew Hrsto says The Signature Collection is a masterclass in contemporary apartment design and also demonstrates his own passion for high-quality finishes

ALAND unveil penthouse collection at Archibald by ALAND in Gosford

While preparing to launch its next Broadbeach apartment tower The Sterling, veteran developer Raptis has listed a prime development site in the heart of the same suburb.

They're selling a 1,548 sqm block at 5-9 Anne Avenue, with development approved plans for a 224-apartment project.

Raptis however tweaked those plans in late 2021, proposing a 35-level tower with 146 apartments designed by Bates Smart. That application is still sitting with council.

The new project submission is geared more toward owner-occupiers, with 56 two-bedroom apartments, 84 three-bedroom units, and six penthouses.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="bc40decc-a784-4b6c-ae70-992705450e75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%2010.49.53%20am.png?VersionId=k3S2WxjiIdrwRNREQEo5ohrtWf4pVW33" />The Bates Smart proposal. Image credit: Bates Smart

On the design, Bates Smart said they had been inspired by the natural beauty of the site, its desirable climate and thriving context when crafting these well appointed residences.

"Its architectural form and expression takes inspiration from the flora of the region, embodying a natural, biophilic character that is legible at all scales of the proposal," the prominent architecture firm stated in their design statement submitted in late 2021.

"A human scaled podium welcomes visitors and residents to the ground floor lobby that is nestled amongst a verdant landscape setting with deep planting zones along the street edge and perimeter ground level planting.

"The character and disposition of the podium is defined by distinct sculptural bays which echo the prevailing street scale rhythm and form along Anne Ave."

<img alt="Raptis" data-entity-type="file" data-entity-uuid="8862b1c3-d6cd-4334-a8ce-cb26fc5e1d99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%2010.34.12%20am.png?VersionId=4ZImr70B1hL0S9uRMBwNaPiwce8WYiGu" />The Bates Smart proposal. Image credit: Bates Smart

GV Property Group's Luke Reaby and Antonio Mercuri are selling the development, and they've already had interest from local builder developers.

"There are limited sites left in the CBD of Broadbeach this close to the beach that come with development approval," Reaby says.

"Anne Avenue is one of the best street in Broadbeach, being walking distance from the Oracle, the beach, Casino and Pacific Fair.&nbsp;This appeals to all demographics&nbsp;and makes for any development to be a very saleable/demanded project."

Pezet Matheson's Jayde Pezet, who provided revenue advice, says Broadbeach is widely recognised as the lifestyle epicentre of the Gold Coast.

"Located in Southern Broadbeach, Anne Avenue represents a prime site with a wide 51 metre street frontage. The site has strong city, ocean and hinterland view corridors and is located only footsteps from the beach. Mid and high-level apartments will capture spectacular ocean views to the East.

Overall, the site is in a highly desirable location, close to Broadbeach’s CBD, providing purchasers with superior walkability and an exceptional coastal lifestyle

Pezet Matheson have been master agents across a number of Broadbeach projects over the years, including Little Projects' Signature Broadbeach, The Oracle, and the well-known Star Residences.

Pezet says they are confident in achieving a sales rate of between $11,000 to $16,000 per sqm, inclusive of internal and balcony space.

Raptis is turning its attention to The Sterling Broadbeach on George Avenue, which they are soon to launch.

They reconfigured the tower extensively after understanding the change in market conditions, paired with continually growing construction costs. They have taken off 17 levels of the approved Koichi Takada-designed tower, now&nbsp;

[smartcode_project:default project_id=101620 project_image_fid=210398]

"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.

<a href="/news/qld/first-look-exclusive-raptis-to-chop-17-levels-off-the-sterling-broadbeach-apartments">Read more:&nbsp;First look exclusive: Raptis to chop 17 levels off The Sterling, Broadbeach apartments</a>

"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.

[smartcode_project:default project_id=101620 project_image_fid=210397]

"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."

They're also in the final stages at Pearl Main Beach, their 30-level tower on Main Beach Parade.

All of the two-bedroom apartments are sold out. The three-bedroom apartments are priced from $1.8 million.

[smartcode_project:default project_id=106752 project_image_fid=169993]

GV Property Group recently sold Raptis' other development approved site in Chelsea Avenue, Broadbeach to Amalgamated Property Group.

Read more:&nbsp;<a href="/news/qld/first-look-amalgamated-property-group-double-down-on-broadbeach-apartment-market-with-raptis-site-acquisition">First look: Amalgamated Property Group double down on Broadbeach apartment market with Raptis site acquisition</a>

They're selling a 1,548 sqm block at 5-9 Anne Avenue, with development approved plans for a 224-apartment project

Raptis list prime apartment development site in the heart of Broadbeach

Melbourne's unit market continues to gather steam.

Property data analytics firm CoreLogic's Monthly Hedonic Home Value Index found the value of Melbourne units grew by one per cent in June, following gains of 0.9 per cent in May and a more modest 0.1 per cent rise in April.

Growth in the unit market, which incorporates both apartments and townhouses, outstripped the growth in house values in June. House values rose 0.9 per cent.

CoreLogic's Research Director Tim Lawless says a lack of available supply continues to be the main factor keeping upwards pressure on housing values.

“Through June, the flow of new capital city listings was nearly -10% below the previous five-year average and total inventory levels are more than a quarter below average.

"Simultaneously, our June quarter estimate of capital city sales has increased to be 2.1% above the previous five-year average.”

Although housing values continue to record a broad-based upswing, the pace of growth across most capitals eased in June.

“A slowdown in the pace of capital gains could be a reflection of a change in sentiment as interest rate expectations revise higher,”&nbsp;Lawless added.

“Higher interest rates and lower sentiment will likely weigh on the number of active home buyers, helping to rebalance the disconnect between demand and supply.”

<h1>Melbourne's off the plan update July 2023</h1>

Reports from local agents is that downsizers continue to be the key market segment in the off the plan space.

Burton's Estate Agents' Jack Roberts says he's seeing the interest rate environment of 2023 has all but precluded the first home buyers from the market for the next few quarters.

He says the undersupply of good quality apartments has started to grip the top end of the market, and that's encouraging downsizers to make quicker decisions than they tend to.

"We have had a steady increase of buyers enquiring on projects, then informing the team they will not be going ahead and would rather the certainty of established property, only to return to the display suite three or six months later and say what they want is only available off the plan."

Roberts has seen the trend at South Yarra House, the sustainable South Yarra project by Nick Moylan's Wattletree.

[smartcode_project:default project_id=112970 project_image_fid=214708]

The SJB-designed, Art Deco-style development offers a range of three-bedroom apartments starting from $1.8 million. They each have two bathrooms and two car spaces.

The project also features a rooftop pool, private dining area with barbecue terrace, and seated breakout areas set in extensive landscaping.

"Established Apartments from 165 sqm to 260 sqm are very hard to find now, especially if you are also looking for a high level of interior appointment," Roberts says.

"This is forcing buyers back into off the plan where they can also receive a high level of customisation."

[smartcode_project:default project_id=112970 project_image_fid=214717]

Darren Blair from Blair PropertyGroup says 2023 was been an interesting year in off the plan apartment market.

"It has been the biggest two-speed market on record - influenced by product type, sales channel, and price point," Blair said.

"We all know this could be one of the most challenging moments in recent history for developers. The cost of development has skyrocketed over the last two years, exacerbated by the cost of capital in an interest rate tightening cycle.

"The local retail market is there however, and enquiry remains relatively strong."

Blair is marketing Samuel Property's recently completed Brighton development Willow, a collection of just 14 two, three and four-bedroom apartments.

[smartcode_project:default project_id=27554 project_image_fid=214528]

The Well Street project has been designed by architecture firm Bayley Ward, who pushed the envelope when creating the development which features a striking curved facade.

"We wanted each owner to experience a home that’s truly a step above," says Romy Jackson, Development Director at&nbsp;Samuel Property.

"Every residence is tailored to sit comfortably within the tranquillity of the leafy streetscape, whilst optimising the quality of views, light, acoustics and air quality.&nbsp;

[smartcode_project:default project_id=27554 project_image_fid=214531]

“Willow has been designed and built for longevity. We consider the final outcome to be a timeless contribution to the character of the neighbourhood."

Farey &amp; Co Director Jarrod Farey said he's noticed a significant increase in demand for developments that have commenced construction, and or are nearing completion.

"With buyers concerned about the risk of an off the plan development actually getting off the ground, now wanting to secure the safer option, albeit happy to lose out on the stamp duty savings." Farey said.

Farey has seen that at Albero Greensborough, Citinova's boutique apartment project which is expected to be completed Q4 2023. The block of just 45 apartments has catered for every buyer, given the entry level $450,000 one-bedroom apartments, and the generously sized two-bedroom apartments from $630,000.

[smartcode_project:default project_id=4722 project_image_fid=212352]

Farey also noted the abundance of downsizers in both enquiries and purchasers.

"[They] have a need to move and not necessarily impacted by market conditions and our the interest rate hikes as they are mostly cash buyers.

&nbsp;A new trend emerging however Farey has seen is enquiry from from international buyers, mostly from China and Singapore who are wanting to secure a new property in a reputable school zone for their children.

CoreLogic's Research Director Tim Lawless says a lack of available supply continues to be the main factor keeping upwards pressure on housing values

City Beat July 2023: Melbourne units outperform houses as growth soars

A Gold Coast Highway site that was sold last year is set to become a boutique apartment building.&nbsp;

It was the first time in four decades the 455 sqm site&nbsp;at&nbsp;1367 Gold Coast Highway had sold.

A six-level building, including the roof level, has been put forward to the Gold Coast City Council. 
<img alt="Gold Coast Highway" data-entity-type="file" data-entity-uuid="f4c9092c-02b7-42bb-baa8-4dcef9882613" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-30%20at%202.57.17%20pm.png?VersionId=A8Yeb7BhfUTuh9RRTT7p3s0GBrgcUbM2" />

There will be just four full-floor apartments, a rooftop with a swimming pool and deck, and a ground-level communal lounge and multi-purpose room.

Each of the apartments in the Plus Architecture-designed building will have three bedrooms, a multi-purpose room, and an open plan kitchen, living and dining space which meets a balcony.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="7082e31f-d35c-410e-b076-d10db5914c1a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-30%20at%202.58.27%20pm.png?VersionId=yobCKcvr0G6V_HT.Y420vuzs8dld9gbY" />

Local landscape architecture firm&nbsp;LDGLA handled the landscaping.&nbsp;

They said the project represents an "attractive landscape setting which promotes a beachside aesthetic and relaxed coastal atmosphere."

"The design complements the proposed architectural style whilst acknowledging the prominent coastal location of the site and context within Palm Beach and the Gold Coast region.

<img alt="Palm Beach" data-entity-type="file" data-entity-uuid="b77952fa-ea6b-49cd-8562-0aa1ffa3f637" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-30%20at%202.57.33%20pm.png?VersionId=VQEHO3VVogM16mV1i_bgMCLlttVvjZW_" />

"The design intends to cater for its residents’ modern lifestyle requirements and encourage outdoor living and an active engagement with the beach environment. The landscape provides a place of sanctuary with relaxed leisure opportunities, comfortable pedestrian access and spatial and visual variety for interest."

The site is ideally located for connectivity. There are five Translink bus stops within 400 metres of the project, and a station as part of the new light rail is proposed at Nineteenth Avenue, just 340 metres south.

A six-level building, including the roof level, has been put forward to the Gold Coast City Council

Low-rise four-pack planned for Gold Coast Highway site in Palm Beach

Bayside City Council has unanimously approved the development of the Fender Katsalidis designed Noetic Place&nbsp;Hampton for local developer Noetic Places.

The permit approval comes after an extensive community consultation process led by local developer Noetic Places, who secured the 3,662 sqm site at 28-34 Service Street last year. Construction on the refined $80 million residential project&nbsp;is set&nbsp;to commence later this year, with completion staged for 2025.&nbsp;

Approval was granted by&nbsp;Bayside City Council in May with the uncontested permit formally issued&nbsp;on June 8.&nbsp; The outcome is the result of an intensive community engagement process that included seven town halls and over 80 one-on-one meetings.&nbsp; The project received 12 submissions of support and glowing reviews from local councillors.

Noetic Places bought the site, which has 70 metre of north-facing street frontage, with Brisbane-based Orchid Vue Group, who have a minority stake, for $17.3 million in 2022.&nbsp; A previous owner was unsuccessful negotiating meaningful development plans causing extensive public concern among the protective local community, the local council, and garnering media attention covering the passionate public debate.&nbsp;

Noetic Place&nbsp;Hampton will be a collection of 32 sustainable residences created primarily for the local owner-occupier market comprising down-sizers, returning expats, and aspirational younger families. The development will have a lush garden setting and is located in the centre of&nbsp;Hampton&nbsp;being walking distance to a wide variety of retail and speciality stores, cafes, restaurants and leisure facilities. The site is&nbsp;450 metres from&nbsp;Hampton&nbsp;Train Station and 600 metres from&nbsp;Hampton&nbsp;Beach.

The newly approved plans allow the 3,662 sqm site to be transformed into upscale residences including generously-scaled&nbsp;two and three-bedroom apartments, as well as one four-bedroom penthouse.&nbsp;

<img alt="Hampton Noetic Place" data-entity-type="file" data-entity-uuid="8533cc9e-0712-4c0e-a59c-697b3c08925e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-30%20at%2010.07.17%20am.png?VersionId=i9z1nQZfc.lt6u_4Ce_g94PU2tbo5X6a" />

Speaking at the council meeting, Bayside mayor Hanna El Mouallem said he was “impressed” with the application, and the project responded to the local need for architecturally crafted apartment offerings that appeal to local downsizers.

“What [FK] has done here is designed to serve the site, to serve the surrounding, and also to serve the buyers who want and are crying out for these apartments. We need to encourage this type of architecture, to attract people who want to downsize and remain in&nbsp;Hampton. And that's exactly what this application has done,” Cr El Mouallem said&nbsp;

Noetic Places director Stephen Barrow-Yu, a&nbsp;Hampton&nbsp;resident, says his affinity for the area and the expertise gained form his current bayside project, Reunion Place, led him to pursue the challenging site.&nbsp;

“What’s really important here is the trust and authentic connection with the neighbouring community," Barrow Yu said.

"Many developers wouldn’t have done what we have done because our core focus is on unity with our community and a design that meets the future needs of the immediate environs.&nbsp; For us, these elements were considered ahead of the project margins.&nbsp; We can now move towards producing a development of lasting beauty that will align with the needs of the future residents"

Barrow-Yu says a&nbsp;major point of differentiation with this site is the extensive consultation with the local community.

"[This] enabled us to develop concepts that encompass sustainability via a future-proofed design and construction. Importantly the project will meld with the aesthetic of the local streetscapes including landscape elements creating an immediate familial yet refined atmosphere."

Local&nbsp;Hampton&nbsp;residents said they&nbsp;viewed the process and the development itself as&nbsp;“a testimony to the value of open interaction between the developer and the neighbours”.

Architects from Fender Katsalidis were actively involved in the consultation process, attending neighbourhood engagement sessions at venues across the area, from local restaurants to neighbours’ living rooms. Eckersley Garden Architecture, Urban Planning Collective and Vorhaben project management had active roles in the community liaison resulting in a timeless design with gardens complimenting the existing treescape and spaces created for both gathering and serenity&nbsp;

Fender Katsalidis director James Pearce says the open dialogue with&nbsp;Hampton&nbsp;residents has led to better commercial and design outcomes including a vision of what owners in 20-30 years will value.&nbsp; This includes the capacity for every car parking space to have an electric charging station, significant solar paneling and space for batteries repositories.&nbsp;Forethought has also been given to water storage beyond regulated minimums.&nbsp;

“Our team and the whole community has invested in creating an outcome that benefits everyone, and together we have achieved something very special,” Pearce says.

<h3>Key design features of Noetic Place&nbsp;Hampton&nbsp;include:</h3>

<ol start="1" type="1">
	<li>A design with two distinct entry points allowing the development to visually present like three buildings with scale variance.</li>
	<li>Two basement levels and three above ground levels.&nbsp; The top level has been set back to give an even more varied composition.</li>
	<li>A landscaping green belt softens the interface with neighbours. Mature trees will be planted so that from the onset the residence will look established in the current streetscape.</li>
	<li>A setback from the footpath with the roof line of third floor hardly visible.&nbsp;</li>
	<li>Native vegetation, with a palette of soft greys and olive, complements the building’s materials where light sandy brick and warm metal tones are being inspired by&nbsp;Hampton&nbsp;beach and the leafy neighbourhood’s iconic Edwardian homes.</li>
	<li>A large communal garden space with a carefully retained mahogany gum tree further enhanced by a garden pavilion housing a library and kitchenette for residents.</li>
	<li>A concealed garage entry through a timber top box will later be covered in vines.</li>
</ol>

Noetic Place Hampton will be a collection of 32 sustainable residences created primarily for the local owner-occupier market comprising down-sizers, returning expats, and aspirational younger families

Noetic Place Hampton gets greenlight from Bayside City Council

As solid demand continues for apartments in Sydney’s north-west, Sekisui House Australia will soon introduce Veue Central (Veue), which will be the tallest and most prominent stage&nbsp;in The Orchards, Sekisui's $1 billion masterplanned community in Norwest.

Veue is located in the heart of The Orchards and will stand across six buildings ranging from 9 to 22 storeys, comprising 583 nature-inspired apartments.

Veue’s VIP release is on 1 July with the official public launch 5 August.

Award winning Crone Architects has created Veue’s residential towers with a vertical green spine complemented by an open landscaped recreational central core, connecting residents to parklands that extend from the eastern part of the site all the way to the creek in the west.

Julian Venning, Principal – Design at Crone Architects, says Veue’s design vision defers to The Orchards’ natural surrounds with residences maximising connection to the landscape and nature.

"The green of the gardens is drawn into the resident experience," Venning said.

"A sense of wellness is promoted in the design within the wonderful natural environment. A place to return to from the fast pace of the city to a garden setting for which Baulkham Hills is renowned.

“The curved form and soft corners of the building allow the towers to be seen in the round continuing greenery up the façade to integrate landscape and built form."

<img alt="Veue Central" data-entity-type="file" data-entity-uuid="f68d8488-c526-4831-a4de-a142e7c99dac" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-30%20at%209.21.05%20am.png?VersionId=Yv5Cle_tT31cmKDYb6DO6wKsalTIYX5X" />

All apartments have views to the gardens or green edging to their balconies and have floor to ceiling glazing to capture panoramic views to nature. Veue is built around a central garden as a sustainable oasis of wellness encouraging exploration and relaxation.

“Veue is invested in a sustainable future and committed to environmental sustainability, bringing together multiple technologies to lower emissions and energy consumption as well as supporting The Orchards community,” Venning added.

David Lee, Sales Manager, Apartments &amp; Mixed-Use Developments – The Orchards at Sekisui House Australia, expects strong interest from owner occupiers and local downsizers.

“Strong demand is expected in Veue with light-filled apartments boasting splendid uninterrupted northerly views overlooking Castle Hill Country Club, Norwest Lakes to the south and the Blue Mountains to the west," Lee said.

“It is anticipated selective owner occupiers or local downsizers moving from a larger home will purchase the exclusive upper level ‘homes in the sky’, whilst smaller apartment types (one and two-beds) will be popular choices for first home buyers and investors. Apartment configurations with additional rooms or studies will suit buyers who work from home.”

Lee says Veue will be home to state-of-the-art facilities that are unrivalled within Norwest.

"These amenities will be connected through a central open cooking and dining hub that gives parents the opportunity to relax and children the ability to play.”

<img alt="Veue Central" data-entity-type="file" data-entity-uuid="4bbc1217-55c2-4f71-85c6-b781d70a9b40" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-30%20at%209.21.09%20am.png?VersionId=.gAOW70Ntu3nYlCXguoJ0t22MgRnW2E4" />

Prices start from $840,000 for the one-bedroom apartments, which have up to 76 sqm of internal space. The four-bedroom penthouse, which has over 200 sqm of internal living area, is priced at $3.2 million.

A wellness centre provides a gymnasium and pool connected directly to the garden. Veue residents can entertain up to 100 guests within the adjacent communal function centre for parties and special occasions. A concierge service is also available to service the needs of all residents.

Sekisui House’s vision for The Orchards is to create a world-class sustainable and prosperous community, a place where people want to live, work and enjoy their lives. Inspired by timeless Japanese quality, homes and communities are designed to improve with time and last for generations.

The masterplan, designed by Turner, is spread across five stages. When completed, the community will comprise 1,300 apartments.

The Orchards is located approximately 31 kilometres north-west of Sydney’s CBD and is nestled in Norwest. It is strategically positioned 800 metres from Norwest Metro Train Station and 600 metres from Norwest Marketown as well as Norwest Business Park - currently housing over 30,000 employees.

Construction on Veue is expected to start in 2024.

[smartcode_project_cta:default project_id=140704]

Veue is located in the heart of The Orchards and will stand across six buildings ranging from 9 to 22 storeys, comprising 583 nature-inspired apartments

Sekisui reveal Veue Central, the next stage of their $1 billion Norwest masterplan, The Orchards

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Seasoned Victorian apartment developer <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a> has logged more than $400 million in sales in its luxury apartment project Palmera Residences at Northcliffe on the Gold Coast.&nbsp;

Central Equity Director Karl Kutner said the sales result reflected a combination of location, product quality and delivery certainty with the project already under construction by building powerhouse Multiplex.&nbsp;

"Surpassing $400 million in sales since launch is a significant milestone and an outstanding endorsement of <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera Residences</a>,” he said.&nbsp;

"We believe one of the key reasons for this strong result is the confidence purchasers have in knowing the project is under construction with Multiplex. Buyers are increasingly looking for certainty. They want to know that the project they commit to today will be delivered by an experienced team with a proven track record."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365782]

Kutner said it was clear there was still high demand for luxury projects that offered certainty of delivery.&nbsp;

“We are in a market where many residential developments have faced delays due to rising construction costs, labour shortages and financing challenges,” said Kutner.&nbsp;

"But having construction underway has provided our buyers with resounding confidence backed by more than 40 years of development delivery by Central Equity combined with construction by one of Australia's most respected construction companies."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365785]

Central Equity is one of Australia's most experienced privately-owned property developers. Over more than four decades, the company has delivered in excess of 85 residential developments including 10,000 apartments and many thousands of stand alone homes.&nbsp;

Located on Garfield Terrace at Northcliffe, between Surfers Paradise and Broadbeach, Palmera Residences occupies one of the Gold Coast's most sought after beachside locations. The development has been designed to appeal to owner occupiers seeking premium residences that combine generous living spaces and resort style amenities.&nbsp;

Palmera Residences will feature an exceptional collection of resort style amenities, including two swimming pools: a generously sized family pool with safe shallow zones for relaxed recreation, and a 20 metre lap pool positioned to maximise all day sunlight.&nbsp;

Residents will also enjoy exclusive access to wellness and recreational facilities including a magnesium pool, sauna, yoga studio, expansive fitted gymnasium, resident lounge, outdoor BBQ’s&nbsp;and indoor and outdoor dining areas, together with a dedicated concierge and luxurious hotel inspired entrance foyer.&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365767]

A unique feature at Palmera Residences has been designed to enhance the Gold Coast lifestyle which includes both indoor and outdoor gymnasium facilities, together with thoughtfully designed indoor and outdoor dining and entertaining areas. A corner café has also been incorporated to provide residents with a destination for their everyday needs.&nbsp;

Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.&nbsp;

"We're seeing strong interest from owner occupiers, lifestyle buyers and people relocating to the Gold Coast. Many purchasers have been searching for a premium beachside residence where quality, design and delivery are equally important."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365771]

Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivering an exceptional development.&nbsp;

"While reaching $400 million in sales is an important milestone, our priority remains delivering a project that exceeds purchaser expectations,” he said.&nbsp;

"Palmera Residences has been designed to become one of the Gold Coast's landmark residential addresses, and we look forward to welcoming our purchasers to their new homes."&nbsp;

There are a limited number of residences remaining in selected configurations with pricing from $2,950,000 to $8,950,000. Palmera Residences is also crowned by expansive penthouses with wrap around views.

[smartcode_project_cta:default project_id=108274]

Construction certainty and strong buyer demand drive major sales result for luxury Gold Coast development

Palmera Residences fly out the door as sales pass $400 million

National property developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has appointed BINAH as its construction partner for Quartet, its new Brisbane apartment development in the undersupplied suburb of <a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>.

Located just two kilometres from the Brisbane CBD and moments from key 2032 Olympic precincts, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet</a> will deliver 131 one, two, three, and four-bedroom apartments priced from $1 million to $4.2 million, combining elevated design with a wellness-focused lifestyle offering.&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=368000]

Goldfields’ Chief Executive Officer, Lachlan Thompson, said the appointment of <a href="https://www.apartments.com.au/builders/binah-constructions">BINAH</a> marked an important milestone for the project.&nbsp;

“Bringing BINAH on board as our construction partner will allow us to bring our vision for Quartet forward with a team that has a proven track record of delivering high-quality residential projects,” Thompson said.&nbsp;

“We’ve taken a considered approach to progressing the site because we wanted to deliver the whole package. Buyers ultimately back great developers, great projects and great builders, and with Quartet, we’ve made sure all three line up.

“People want certainty, they want to know the project will be built, that the homes will be delivered as promised, and that the developer stands behind the quality of what they create. That’s something Goldfields has built its reputation on over many years.”&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=367993]

BINAH’s Managing Director, Khalil Hafza, said the company was proud to be partnering with Goldfields to deliver Quartet.&nbsp;

“Quartet is an exciting project to bring to life, particularly given the level of detail in the residences and the extensive rooftop amenity planned for the building,” Mr Hafza said.&nbsp;

“Our focus is on delivering a high-quality build that brings that design vision to life and creates homes residents will enjoy for many years.”&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=367999]

The facilities at Quartet have been feared towards the roof, with a&nbsp;25 metre lap pool, spa, sauna and cold plunge, and a communal barbecue area and alfresco.

Town planning was designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by Melbourne-based architecture firm Cera Stribley.

<a href="https://www.apartments.com.au/interior-designers/cera-stribley">Cera Stribley</a> Co-Founder and Managing Principal, Dom Cerantonio, said the project responds to both its riverside setting and Brisbane’s evolving urban character.&nbsp;

“Quartet has been designed to sit comfortably within its riverside context, offering a refined take on urban living through well-planned, generously proportioned residences that will stand the test of time,” Mr Cerantonio said.&nbsp;

“An emphasis on natural light, natural textures and carefully selected finishes from timber and marble to premium appliances, creates calm, considered interiors designed for comfort and long-term liveability.”&nbsp;

Construction of Quartet will commence in July 2026, with completion anticipated in Q4 2028.

[smartcode_project_cta:default project_id=108736]

Construction to commence on 131-residence tower designed around wellness-focused living

Goldfields appoints BINAH for Quartet apartments in Milton

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."

[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.

Joel Robinson

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