The developer Aniko Group has continued to see huge success on Hope Island on the Gold Coast.

Since launching Athena Residences three weeks ago, Aniko has secured over 60 per cent, some $55 million, of sales at the $125 million Sickle Avenue&nbsp;development, with local owner-occupiers making up most of the purchasers.

Investors are continuing to creep back in to the market. They made up a third of sales.

The quick sales come following their sell-out of its&nbsp;$140 million development, No. 1 Grant Avenue, located across the road.

&ldquo;We are humbled and encouraged by this continued demand and support for our luxury waterfront apartment living in Hope Island, Aniko Group founder&nbsp;George Mastrocostas said.

[smartcode_project:default project_id=95317 project_image_fid=174335]

&quot;We are fortunate to be able to meet the market&rsquo;s expectations once again with an exceptional collection of high-end homes at Athena Residences.

&ldquo;Our sales program has steadily continued its pace from 1 Grant Avenue to Athena Residences unabated, which serves to confirm our deep-rooted belief in Hope Island as the leading residential precinct for luxury waterfront downsizer living,&quot;&nbsp;Mastrocostas added. 
 
Set on the opposite site to its No. 1 Grant Avenue, Athena Residences will have16 one-bedroom apartments, 153 two-bedroom apartments and an exclusive release of 16 luxury three-bedroom Skyhomes, which will range in size from 170 sqm to 260 sqm.

[smartcode_project:default project_id=95317 project_image_fid=169966]

Aniko are seeking to&nbsp;get private marina berths approved from the council for residents.

Mastrocostas said the key drivers for the downsizer trend has been&nbsp;the opening of the Hope Island Marketplace shopping precinct, as well as the pending Coomera Connector, which&nbsp;Mastrocostas says he has no doubt&nbsp; have really made Hope Island a sought-after, central location in which to live.

&ldquo;Notwithstanding we have tapped into a growing cohort of downsizers by creating a luxury, affordable waterfront apartment living that previously was lacking in the Hope Island precinct.&rdquo;

[smartcode_project:default project_id=95317 project_image_fid=174337]

Aniko are&nbsp;working on plans for another Hope Island development of waterfront townhouses on a recently acquired site nearby on Grant Avenue.

Peter Malady, Sales and Marketing Director at Aniko Group, said it&#39;s incredible to see the strength of the local market which has just been superseded by interstate interest in recent months.

&ldquo;Local downsizers and first home buyers have a strong appreciation of Hope Island&rsquo;s value and aren&rsquo;t going to sit idly by when a premium waterfront product such as this hits the market.&rdquo;

&ldquo;Athena Residences is a unique product in that it provides an adaptive layout typically unseen in apartment floorplans, allocating additional space to allow for the choice of working from home, plus the resort style facilities and the abundance of open space and greenery which covers a massive 60% of the site,&nbsp;Malady said.

The first release of Athena Residences encompasses 122 units &ndash; including two-bedroom and study and three-bedroom Skyhomes &ndash; ranging in price from $479,000&nbsp;to $1.5 million.

The quick sales come following their sell-out of its $140 million development, No. 1 Grant Avenue, located across the road

Joel Robinson

Aniko Group secure 60% of sales in newest Hope Island apartment development, Athena Residences

The Gold Coast developer Sherpa Property, who have been developing and finalising plans for a number of luxury apartment projects in Palm Beach, are broadening their horizons.

Sherpa, led by chief executive&nbsp;Christie Leet, are continuing the trend of their Perspective collection in Biggera Waters,&nbsp;lodged plans for a boutique apartment development overlooking The Broadwater at 536 Marine Parade.

The exclusive building will have just seven apartments, six full-floor, three-bedroom apartments&nbsp;and&nbsp;a two-storey penthouse overlooking Broadwater and the surrounding parklands.

&nbsp;

&ldquo;Biggera Waters has been simmering with undervalued potential for some time now, and these figures indicate that there&rsquo;s significant upside on the Broadwater which is something we always look for our buyers,&rdquo;&nbsp;Leet said.

&ldquo;It&rsquo;s more affordable than its neighbours to the north and certainly in comparison to what has been a white-hot southern Gold Coast market.&quot;

Leet said the area has&nbsp;retainsedits unique charm as the Gold Coast&rsquo;s untapped leisure time-paradise, with little development in the region keeping it very boutique in nature.

<img alt="" height="775" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sherpa_perspective_broadwater.jpg" width="1200" /> 
Drawings my Mode architects submitted to the Gold Coast City Council

&ldquo;Perspective Broadwater provides a rare opportunity to become an exclusive first-mover to the next prized pocket of the Gold Coast, offering buyers the chance to capitalise on the imminent value surge.&rdquo;

Designed by MODE architects, each of the residences will have&nbsp;three-bedroom, two bathrooms, a media room, and two car spaces.

The 400 sqm, two-level penthouse with its own private lift will have an expansive outdoor kitchen and entertainment area and 360-degree views over the Broadwater, Stradbroke Island, Pacific Ocean, Gold Coast CBD skyline and Gold Coast Hinterland.

&nbsp;

&ldquo;Perspective Broadwater is where life begins anew for the luxury downsizer,&rdquo; Leet said.

Sherpa has seen huge success in&nbsp;Palm Beach, where they secured sell outs in their Perspective 488 and Perspective Two Sea apartment developments. The two projects achieved a combined sales total in excess of $70 million.

Sherpa has now launched&nbsp;Perspective Nexus &ndash; a collection of 29 three-bedroom apartments and three three-level Sky Homes, a sub-penthouse, and a penthouse.

The exclusive building will have just seven apartments, six full-floor, three-bedroom apartments and a two-storey penthouse

Sherpa branch out from Palm Beach, lodge plans for Perspective Broadwater in Biggera Waters

Crown Group,&nbsp;the soon-to-be national apartment developer,&nbsp; are changing the face of Sydney&#39;s inner eastern suburb Eastlakes&nbsp;with their $1 billion lifestyle precinct, The Grand Eastlakes.

Formerly known as Eastlakes LIVE, the multi-stage development has been dubbed &#39;the new east&#39; by the team at Crown and will home nearly 500 apartments across five buildings, a new eat street, and a two retail precincts, set on both sides of the project.

Stage one, located on the north side of Evans Ave and opening imminently, includes 133 apartments located&nbsp;above a 15-retail outlet shopping centre, anchored by a larger format 1600 sqm ALDI and a Woolworths Metro.

Stage Two, located on the south side of Evans Ave, which will&nbsp;commence&nbsp;construction in late 2022, will see a further&nbsp;357 apartments built, located above their own&nbsp;13,000 sqm, three-storey shopping centre, designed by Buchan Group. That will feature&nbsp;80&nbsp;retail outlets including a full line Woolworths and a&nbsp;community town centre including a medical centre and public library.

[smartcode_project:default project_id=7652 project_image_fid=25905]

Crown Group Chair &amp; Group CEO Iwan Sunito said Crown Group is creating a world-class urban village and destination in its own right at Eastlakes attracting a whole new community to live, work, shop, exercise and dine with their loved ones, friends and family.

&quot;This project will celebrate and showcase the work of architects as &lsquo;placemakers and collaborators&rsquo; that goes beyond the design just of buildings and brings a new life and joy to a previously tired and uninviting urban setting, in much need of renewal and revitalisation,&quot; Sunito said.

&ldquo;What it also brings is a flow-on effect of continued urban growth and renewal, more development, public infrastructure, transport, amenities and commercial activity to Eastlakes and surrounding areas.

[smartcode_project:default project_id=7652 project_image_fid=173790]

Colliers Residential Managing Director Peter Chittenden, who is managing sales of stage one at The Grand Residences, said that not only is Crown Group creating Sydney&rsquo;s new east, a dynamic entertainment and lifestyle precinct but it is also an affordable alternative to other eastern suburbs or inner-city neighbourhoods where property seekers are priced out.

&ldquo;Ideal for owner-occupiers, families or downsizers wanting all of the convenience of living above a shopping centre, this project is attracting interest from young families and first home purchasers who are currently renting in the eastern suburbs, love the east but are priced out of nearby beachside suburbs. This is the next best option,&rdquo; he said.

[smartcode_project:default project_id=7652 project_image_fid=173799]

&ldquo;The project will also attract healthy rental returns, being a brand new development with all of Crown Group&rsquo;s spectacularly conceived resort-style facilities such as beautiful pools and rooftop dining areas, so it certainly is attractive to investors as well.&rdquo;

&ldquo;The Eastlakes Shopping Centre, which is currently operating, will be unrecognisable when the entire project is completed in late 2025,&rdquo; Chittenden added.

Crown have a solid reputation for delivering mixed-use precincts, and buyers have too benefitted in previous projects.

Property values at Top Ryde City Living, Crown&#39;s&nbsp;award-winning residential project north of the bridge which also saw 500 apartments across seven high-rise towers, saw prices increase&nbsp;33 per cent from the start of the project through to the completion.

Chittenden suggested that buying a property above a high-quality shopping centre is a great long-term investment which may increase the value of the property as well as attract tenants for rental properties.

[smartcode_project:default project_id=7652 project_image_fid=173801]

&ldquo;Property prices in the local area may also see a considerable uplift with the completion of The Grand precinct by late 2025 which makes buying now at the beginning of the project prudent. Given the extensive retail convenience, it&rsquo;s a wonderful opportunity for families, downsizers, first home or next home purchasers,&rdquo; Chittenden said.

&ldquo;Crown Group is genuinely transforming Eastlakes which will be a game-changer for the local area. It&rsquo;s tremendously exciting for this largely unknown pocket of Sydney&rsquo;s east to be completely revitalised and reinvigorated with stunning new amenity and immaculately finished residences,&rdquo; he said.

Among the string of highly coveted industry awards that Crown Group has won for its slew of iconic mixed-use projects, The Grand Eastlakes was awarded the 2013 UDIA NSW &amp;&nbsp;ACT Awards for Excellence for Concept Design.

Apartments are for sale from $740,000 for a one-bedroom apartment with car space, and rise to $1,520,500 for a three-bedroom apartment with car space.

Crown Group Chair & Group CEO Iwan Sunito said Crown Group is creating a world-class urban village and destination in its own right

How Crown Group are changing the face of Sydney's Eastlakes with The Grand

Buyers have snapped up all 14 blocks on launch in the latest Ellendale land release from Cedar Woods, as the Brisbane market continues to gather steam.

The lots, ranging between $399,000 and $643,000, sold out following a two-week expressions of interest&nbsp;campaign. There were around 150 interested buyers in the small lot release.

The quick-fire sales come&nbsp;after CoreLogic revealed Brisbane house prices continued their upward trend in July, rising by two&nbsp;per cent for a total gain of 15.9 per cent in the past 12 months on the back of sustained high demand.

Cedar Woods Development Director Peter Starr said Ellendale continued to be a highly sought-after lifestyle offering.

&ldquo;The sellout again signals the strength of the Brisbane market and the appeal of the Ellendale community,&rdquo; Starr said.

&ldquo;We decided to embark on an expressions of interest campaign for the first time for this new release, we considered this the fairest way to manage the significant demand we&rsquo;ve been experiencing for new land in Ellendale.

<img alt="" height="801" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/ellendale_2.jpg" width="1200" />

&ldquo;The process meant all interested buyers had the opportunity to purchase, by submitting an offer on their top three lots.

&ldquo;We wanted to avoid buyers feeling like they needed to go to great lengths, such as camping out, to secure a lot and believe this method provided the most measured and sensible approach.

&ldquo;The feedback we received from purchasers about the process was overwhelmingly positive and we are thrilled more families can now start planning their dream homes here at Ellendale.&rdquo;

Located just 12 kilometres from the Brisbane CBD, Ellendale features large homesites and tree-lined streets nestled amongst 91 hectares of nature corridors and recreation space.

Residents have access to&nbsp;landscaped green spaces, a parklands and a playground, which are linked by a series of walkways and bikeways. Starr said the new land release was superbly located, with beautiful bushland aspects.

&ldquo;Families have all they need for the ideal lifestyle close by, from parklands and expansive playgrounds with state-of-the-art play equipment right through to walkways, bikeways and multiple places for barbecues at lookouts with scenic views,&rdquo; he said.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/ellendale_1.jpg" width="1200" />

&ldquo;There&rsquo;s also a newly opened C&amp;K childcare in the community and a range of schools, parks, shops and public transport in easy reach.&rdquo;

Starr said Cedar Woods was working to bring forward new stages of land as soon as possible, to meet the continued demand for homesites at Ellendale and across Brisbane.

&ldquo;As buyers become more lifestyle focused following COVID-19, we are finding more people looking to become part of leafy communities within commuting distance of the Brisbane CBD, which is making Ellendale a popular choice,&rdquo; he said.

&ldquo;We already have a waiting list of interested purchasers for our next release, so the best way to avoid disappointment is to register your details now, so you are among the first to hear when new land is available.&rdquo;

Cedar Woods Development Director Peter Starr said Ellendale continued to be a highly sought-after lifestyle offering

Demand spikes for land in Brisbane as Cedar Woods secure sales at Ellendale land release

One of the biggest trends in 2021 was developers going above and beyond to make sure their development was crowned by a luxury penthouse, with the majority expecting to see a sale in the double digits.

Given the shift in demand from one-bedroom holiday makers to the three-bedroom plus owner-occupier market, developers are ensuring there&#39;s high end penthouses or sub-penthouses, even in high density projects.

We&#39;ve had a look at some of the best penthouses on the market from the south of the Gold Coast in Coolangatta to Surfers Paradise and Chevron Island.

<h2>Sea, Burleigh Heads 
Developer: Forme 
Price: $16&nbsp;million</h2>

[smartcode_project:default project_id=99968 project_image_fid=188291]

There&#39;s a $16&nbsp;million price tag on the two-level penthouse crowning Forme&#39;s Koichi Takada-designed Sea, facing Burleigh Beach on The Esplanade.

The two-level space, with&nbsp;825&nbsp;sqm of space, one of the largest produced in Burleigh,&nbsp;has&nbsp;six&nbsp;bedrooms,&nbsp;six&nbsp;bathrooms, a gym,&nbsp;office and&nbsp;library, multiple kitchens and entertainment areas and a theatre.

There&#39;s a staircase leading to the exclusive rooftop, kitted out with a swimming pool,&nbsp;sun deck and alfresco&nbsp;kitchen.

<a href="/new-apartments/isabel-by-mosaic-96-the-esplanade-burleigh-heads"><img alt="" height="792" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/penthouse_pool_forme.jpg" width="1200" /></a>

&quot;It&#39;s&nbsp;our best penthouse ever produced&quot;, Forme managing director David Calvisi says.

Forme has had great success in the luxury apartment space, selling the penthouse in their nearby Norfolk, Goodwin Terrace development for $9 million, the most expensive apartment south of Mermaid Beach&nbsp;to settle. That&#39;s about half the size of the Sea penthouse on offer.

Koichi Takada also&nbsp;handled&nbsp;the design of Norfolk, which was a hit across the country. The curved facade even became one of the famous Bondi-based Aquabumps prints, going viral on Instagram and being featured by design blog Dezeen.

<a href="/new-apartments/isabel-by-mosaic-96-the-esplanade-burleigh-heads"><img alt="" height="954" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/penthouse_stairs_forme.jpg" width="1200" /></a>

<h2>Project: Emerson Kirra 
Developer: Hirsch &amp; Faigen 
Price: $8 million</h2>

Emerson at Kirra Beach, the second Gold Coast development by the Melbourne-based developer Hirsch &amp; Faigen, is crowned by an impressive $8 million, full floor space.

[smartcode_project:default project_id=106646 project_image_fid=187937]

Spanning 494&nbsp;sqm including terracing on the 14th level, the penthouse will have four bedrooms, including a&nbsp;master suite with walk in wardrobe and an ensuite with double shower and double vanity.

It will feature over three&nbsp;metre ceilings&nbsp;and windowed walls offering unrivalled views across the ocean and distant Gold Coast skyline, as well as two living spaces.

[smartcode_project:default project_id=106646 project_image_fid=187934]

<h2>Project: Glasshouse, Burleigh Heads 
Developer: Spyre</h2>

The South East Queensland developer&nbsp;Spyre Group&nbsp;is set to create one of the Gold Coast&#39;s most expensive boutique apartment projects.

Glasshouse, a collection of just three house-sized apartments, will be crowned with a multi-level penthouse, featuring its own private rooftop with swimming pool.

[smartcode_project:default project_id=104773 project_image_fid=189487]

The tiered rooftop, with spa and outdoor entertaining area, is one of the most impressive ever proposed.

&quot;The three hyper-luxury apartments are designed to frame the panorama of rolling sands and the Coral Sea that stretches north from this place of unrivalled aspect and outlook,&quot; lead architect bureau^proberts noted.

<h2>Project: The AU, Surfers Paradise 
Developer: ASF Group</h2>

ASF Group netted a near $9 million buyer for one of their tri-level penthouses. There are two penthouses in the boutique block of just 16 on The Esplanade, just across the road from the beach.

<a href="/new-apartments/the-au-52a-the-esplanade-surfers-paradise"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_au_pool_penthouse.jpg" width="1200" /></a>

Offering nearly 480 sqm of space, ASF Group offer a number of customisation options for the penthouse. There&#39;s potential for the third level to become an ocean view master suite, although the plans are already for four bedrooms.

ASF Group Marketing Director Daniel Fang said there&#39;s options for a yoga or meditation room, with full-width views of the beach. That or a cinema room, or even a private gym, are other options.

[smartcode_project:default project_id=6762 project_image_fid=188843]

The penthouse starts from level 17 and has a&nbsp;separate&nbsp;private lift within to access the higher levels.&nbsp;Offering 16m frontage directly facing the ocean,&nbsp;the penthouses feature four bedrooms with the second level having the option of including a lap pool.

<h2>Project: Chevron One 
Developer: Bensons Property Group 
Price: $15 million</h2>

Late last year the Melbourne-based Bensons Property Group released their higher levels to the market of their Chevron Island tower, Chevron One.

[smartcode_project:default project_id=6515 project_image_fid=174033]

To be the only true high-rise tower on Chevron One having been approved before stricter height limits were set on the exclusive Gold Coast island, Chevron One will soar 41 levels in to the sky.

The special penthouse crowning the development isn&#39;t actually for sale. That two-level space,&nbsp;spanning levels 40 and 41 with&nbsp;nearly 2,000 sqm of living space, the Gold Coast&#39;s largest ever penthouse, will be&nbsp;retained by&nbsp;Bensons&nbsp;Property Group&#39;s Chairman&nbsp;Elias Jreissati.

But the subpenthouse, spanning nearly 1,000 sqm of space, is up for grabs. Priced at just shy of $15 million, the penthouse will have five bedrooms, five bathrooms and garaging for four cars.

[smartcode_project:default project_id=6515 project_image_fid=174034]

<h2>Project: 123OBR 
Developer: Bottega Group</h2>

The boutique 13-apartment Broadbeach development, 123OBR, is capped with a sprawling two-level penthouse, with 529 sqm of internal living space.

[smartcode_project:default project_id=31666 project_image_fid=184148]

Bottega Group Director Nick Malloch says&nbsp;123OBR&rsquo;s penthouse is the ultimate experience of luxury beachside living on the Gold Coast.

&ldquo;123OBR&rsquo;s penthouse is a unique opportunity in that every element of the design has been carefully curated to speak to the opulence and intrinsic beauty of Gold Coast living at its very best,&rdquo; says Malloch. Elegant gallery wall corridors, floor to ceiling glazing in the living and dining space, a feature fireplace and oversized master retreat complete the experience.

<h2>Project: Miles Residences, Kirra Beach 
Developer: KTQ 
Price: $16.75 million</h2>

Last year KTQ sold out Miles Residences, all 118 apartments in their first stage of the $350 million redevelopment of the Kirra Beach Hotel. But they saved something special for 2022.

They&#39;ve just launched the two-level penthouse, with a price tag of $16.75 million.

[smartcode_project:default project_id=27575 project_image_fid=187456]

The 760 sqm split-level penthouse will be made up of five ensuited bedrooms, a state-of-the-art gym, home office, three living areas, and a study.

The heart of the heart of the home if the open plan kitchen, living and dining area, which also homes a bar.

The penthouse also features a rooftop entertaining deck, accessed by private lift and featuring a private pool, as well as offering unobstructed views north across&nbsp;Kirra Beach&nbsp;to Surfers Paradise&nbsp;and south to Snapper Rocks.

[smartcode_project:default project_id=27575 project_image_fid=187457]

<h2>Project: DE-LUXE, Burleigh Heads 
Developer: Weiya Holdings 
Price: $23 million</h2>

The priciest penthouse to hit the market last year was the sprawling apartment atop the 14-level DE-LUXE in Burleigh Heads.

They Sydney-based developer Weiya Holdings, who are transforming the Old Burleigh Theatre in to 28 apartments and two beach houses, slapped a $23 million price tag on the 1,200 sqm of space, which will have six bedrooms.

[smartcode_project:default project_id=102645 project_image_fid=178449]

There will be a number of living areas, a walk-in wine cellar and whisky room, a luxury cinema, expansive library, a sauna and steam room, a private gym, and a sky garden feature.

One of the most striking features will be the glass pool next to the living space.

Patrick Pancur has been handling the sales at DE-LUXE, which is all but sold out.

[smartcode_project:default project_id=102645 project_image_fid=187548]

We've had a look at some of the best penthouses on the market from the south of the Gold Coast in Coolangatta to Surfers Paradise and Chevron Island

An inside exclusive: The Gold Coast's best off the plan penthouses

Chevron One, set to reign as Chevron Island's only luxury high-rise apartment tower, is about to achieve another level of luxury the Gold Coast hasn't seen before.

The Melbourne-based Bensons Property Group has released its Sky Home collection, starting from levels 31 and rising to level 41, soaring nearly 100 metres in the air. Bensons hadn't released the high-level apartments, but are now seeing&nbsp;high demand in ultra-luxury, large apartments in the sky.

When complete, Chevron One will be the tallest tower on the exclusive island, and the tallest there ever will be, with the Gold Coast City Council two years ago bringing in strict planning laws, limiting future apartment projects to 33 metres, or 12 storeys.

[smartcode_project:default project_id=6515 project_image_fid=174034]

Crowning the development will be the Gold Coast's largest ever penthouse. The two-level penthouse, spanning levels 40 and 41, will have nearly 2,000 sqm of living space, which will make it around double the next biggest apartment.

That will be retained by Bensons Property Group's Chairman Elias Jreissati.

<blockquote>
“With the project about to enter construction, this sculptural object will maximise the well positioned site and spectacular water views. The design of Chevron One Residences has captured the character of the Gold Coast and will soon become a true icon.” 
- Rick Curtis, Managing Director, Bensons Property Group
</blockquote>

There's the opportunity for the high-end buyer to grab the sub penthouse, which would rank as one of the biggest on the Coast, offering nearly 1,000 sqm of space. That will have five bedrooms, five bathrooms and four car garaging, and is priced at just shy of $25 million. Its size puts it near the now 10-year old Soul penthouse, which recently sold for $15.75 million.

Speaking to Urban, Bensons Property Group sales and marketing manager Andrew Crichton said he's getting a lot of high end enquiry from Sydney and Melbourne, particularly downsizers whose kids have left home.&nbsp;&nbsp;

There's been particular interest from Potts Point, one of Sydney's most affluent suburbs.

[smartcode_project:default project_id=6515 project_image_fid=167321]

Working with Marchese Partners, the Sky Home floor-plates start from over 130 sqm for the two-bedroom apartments, which are priced from $1.5 million.&nbsp;

There's a number of three and four-bedroom Sky Homes, some spanning half and full-floors. Four-bedroom apartments, with over 360 sqm of living space, are priced from $7.25 million.

Marchese Partners made the view the hero in the design of the tower, with floor-to-ceiling windows and doors out to balconies that offer uninterrupted and never-to-be-built-out views across Surfers Paradise.&nbsp;

The kitchen benchtops will be finished with Calacatta inspired stone, and some will feature a butler's pantry, Sub Zero wine fridges, even dedicated full wine rooms.

Construction is planned to commence in the fourth quarter of 2021.

[smartcode_project_cta: project_id=6515]

There's a number of three and four-bedroom Sky Homes, some spanning half and full-floors

Chevron One adds further level of luxury, with the new Sky Homes release featuring the Gold Coast’s biggest ever penthouse 

The Brisbane-based&nbsp;developer&nbsp;Marquee&nbsp;Developments are making their first play on the Gold Coast.

Their latest plans submitted to the Gold Coast City Council will see a luxury high-rise tower developed at 17 Federation Avenue in Broadbeach, their first in the central Gold Coast suburb.

There will be just 22 apartments across the 20-level, 62 metre tower, crowned by a massive two-level penthouse.

Hayes Anderson Lynch Architects have drawn up the plans for the 62 metre building, which is targeted at the owner-occupier, with six two-bedroom apartments, six three-bedroom apartments and 10-four bedders.

<img alt="" data-entity-type="" data-entity-uuid="" height="672" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/marquee_broadbeach_2.jpg" width="1200" />

Levels two to seven will home two apartments per floor, then from level eight upwards will be nine whole-floor, four-bedroom apartments, each with over 290 sqm of living space and a media room. The building is oriented so the balconies capture views of the ocean to the south-east, and south-west to the hinterland.

The four-bedroom penthouse spans the top two levels. The bedrooms are located on the first level, then stairs from the library space lead to the upstairs living areas. The open plan kitchen and living area opens to a 30 sqm balcony, while a second lounge area opens to a 70 sqm terrace with its own private pool.

Each of the three bedroom apartments will&nbsp;have a master with walk-in wardrobes and balconies starting from over 16 sqm.

The ground level will offer residents 230 sqm of communal space and amenity, including a swimming pool and&nbsp;spa, dining and barbecue area and a lounge /cinema room.

<img alt="" data-entity-type="" data-entity-uuid="" height="867" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/marquee_broadbeach_1.jpg" width="1200" />

Marquee, not to be confused with Marquee Development Partners who exclusively operate in the area, secured the 632 sqm site, mid-way along Federation Avenue, between the intersections of Australia Avenue to the north and Queensland Avenue to the south, early this year for $3.69 million. Currently on the site is the mid 1970s apartment building Marmadua, a three-storey walk up with basement parking underneath.

Marquee's track record is a successful one in Brisbane.

Founded in 2012 by Nick Madden and John Langford-Ely, Marquee's patch has primarily been in the luxury townhouse space just outside of the Brisbane CBD.

TOWN PLANNING REPORT

The overall form of the proposed development has been developed through considered analysis of the context and character of the site and its surroundings, and the intended city form for this urban neighbourhood focused on the Principal Centre of Broadbeach and within the Light Rail urban renewal corridor of the City.

The tower form and materiality combined delivers a slender tower with horizontal façade treatments, extensive balconies with recessed glazing lines and materials (including colour palette) that presents a high-quality architectural finish, enhancing the visual interest and character of the built form in its context to deliver a desirable city form outcome and a positive addition to the streetscape character Federation Avenue.

The façade is broken up by generous balconies that are oriented to the west overlooking Federation Avenue and the hinterland backdrop, and to the east towards the ocean.

The development ensures the internal spaces afford a high level of comfort and quality, benefiting from climatic responsive design that incorporates screening and shade elements, a seamless flow between indoor and outdoor living spaces and facilitates access to prevailing breezes, natural sunlight, ocean views

There will be just 22 apartments across the 20-level, 62 metre tower, crowned by a massive two-level penthouse

Broadbeach set for luxury apartment tower

The busy Sunshine Coast developer Cube Developments has seen an unprecendented uptake in apartments over the last six weeks, securing nearly $16 million in sales in their Birtinya apartment development, Seasons.

The keenest buyers have been first home buyers and investors, who have been attracted to&nbsp;the affordable $499,000 entry point for a two-bedroom apartment in the Cottee Park-designed development.

There&#39;s been 25 sales in the past six weeks or so in the first stage release. Now Cube are looking at launching stage two.

Scott Juniper, Cube&#39;s director, said buyers have been attracted to the project&#39;s plethora of amenities and location.

[smartcode_project:default project_id=106957 project_image_fid=173763]

&ldquo;We&rsquo;ve witnessed strong uptake from both first home buyers and investors who are drawn to Seasons&rsquo; amenities, which provides incredible value for money given the price point,&quot; Juniper says.

&ldquo;All while being located in the heart of it all, Birtinya is really starting to come into its own; residents will enjoy waterfront vistas, beach access is just moments away and as it is a relatively new suburb, it has fantastic infrastructure to cater to demand.&rdquo;

Amenities include outdoor BBQ and gathering spaces, private dining room, lounging areas, sun decks, a 25-metre lap pool, fully equipped gym, yoga studio, spa and sauna.

[smartcode_project:default project_id=106957 project_image_fid=173762]

&ldquo;Purchasers have also been eager to secure something in today&rsquo;s market as opposed to bidding it out at auction and being overpriced,&quot; Juniper added.

&ldquo;A perfect example is the latest Birtinya home that saw 16 bidders partake in front of a packed street. Buying off the plan allows purchasers to secure today&rsquo;s market rate, which is likely to only increase as demand for this suburb soars.&rdquo;

Cube commissioned Timothy Birch Studio to install a large scale public art that scales the sides of the building, which has been another drawcard for buyers.

Fusing architecture, materiality and art, the installation will scale&nbsp;tower one and tower two, spanning up to seven stories.

[smartcode_project_cta: project_id=106957]

There's been 25 sales in the past six weeks or so in the first stage release. Now Cube are looking at launching stage two

First home buyer and investor demand soars at Cube Developments Birtinya apartment project, Seasons

RBA Governor Statement

At its meeting today, the Board decided to:

maintain the cash rate target at 10&nbsp;basis points and the interest rate on Exchange Settlement balances of zero per&nbsp;cent

maintain the target of 10&nbsp;basis points for the April 2024 Australian Government bond

purchase government securities at the rate of $4&nbsp;billion a week and to continue the purchases at this rate until at least mid February 2022.

Prior to the Delta outbreak the Australian economy had considerable momentum. GDP increased by 0.7&nbsp;per&nbsp;cent in the June quarter and by nearly 10&nbsp;per&nbsp;cent over the year. Business investment was picking up and the labour market had strengthened. The unemployment rate had fallen below 5&nbsp;per&nbsp;cent and job vacancies were at a high level.

The recovery in the Australian economy has, however, been interrupted by the Delta outbreak and the associated restrictions on activity. GDP is expected to decline materially in the September quarter and the unemployment rate will move higher over coming months. While the outbreak is affecting most parts of the economy, the impact is uneven, with some areas facing very difficult conditions while others are continuing to grow strongly.

This setback to the economic expansion is expected to be only temporary. The Delta outbreak is expected to delay, but not derail, the recovery. As vaccination rates increase further and restrictions are eased, the economy should bounce back. There is, however, uncertainty about the timing and pace of this bounce-back and it is likely to be slower than that earlier in the year. Much will depend on the health situation and the easing of restrictions on activity. In our central scenario, the economy will be growing again in the December quarter and is expected to be back around its pre-Delta path in the second half of next year.

Notwithstanding the strong economic and labour market outcomes pre-Delta, wage and price pressures remain subdued. Over the year to the June quarter, the Wage Price Index increased by just 1.7&nbsp;per&nbsp;cent.

Housing prices are continuing to rise, although turnover in some markets has declined following the virus outbreak. Housing credit growth has picked up due to stronger demand for credit by both owner-occupiers and investors. Given the environment of rising housing prices and low interest rates, the Bank is monitoring trends in housing borrowing carefully and it is important that lending standards are maintained.

Very accommodative financial conditions will continue to support the recovery of the Australian economy. Borrowing rates are at record lows, sovereign bond yields are at very low levels and the exchange rate has depreciated over recent months. The fiscal responses by the Australian Government and the state and territory governments are also providing welcome assistance in supporting household and business balance sheets.

The Board&#39;s decision to extend the bond purchases at $4&nbsp;billion a week until at least February 2022 reflects the delay in the economic recovery and the increased uncertainty associated with the Delta outbreak. The Board will continue to review the bond purchase program in light of economic conditions and the health situation, and their implications for the expected progress towards full employment and the inflation target. These bond purchases, together with the low level of the cash rate, the yield target and the funding that has been provided under the Term Funding Facility, are providing substantial and ongoing support to the Australian economy.

The Board is committed to maintaining highly supportive monetary conditions to achieve a return to full employment in Australia and inflation consistent with the target. It will not increase the cash rate until actual inflation is sustainably within the 2&nbsp;to 3&nbsp;per&nbsp;cent target range. The central scenario for the economy is that this condition will not be met before 2024. Meeting this condition will require the labour market to be tight enough to generate wages growth that is materially higher than it is currently.

RBA holds rates, turnover declines following the virus outbreak: RBA Governor Philip Lowe's September 2021 meeting statement

The RBA has held interest rates at a record low 0.1 per cent at its September meeting.

RBA Governor Philip Lowe&#39;s said that housing prices are continuing to rise, although turnover in some markets has declined following the virus outbreak.

&quot;Housing credit growth has picked up due to stronger demand for credit by both owner-occupiers and investors, Lowe noted.

&quot;Given the environment of rising housing prices and low interest rates, the Bank is monitoring trends in housing borrowing carefully and it is important that lending standards are maintained.&quot;

In Finder.com.au&#39;s monthly RBA Survey, AMP Capital chief economist Shane Oliver said the lockdown and its hit to the economy&nbsp;has further delayed the time when the effective RBA conditions &ndash; full employment and 3% or more wages growth to sustain 2-3% inflation &ndash; will be met to justify a rate hike.

[smartcode_project:default project_id=103179 project_image_fid=167473]

Commentator Saul Eslake said he takes the RBA at its word&nbsp;when it says it won&#39;t begin tightening monetary policy until the labour market is sufficiently tight to generate wage inflation that&#39;s sufficiently strong to push &#39;underlying&#39; consumer price inflation sustainably into the 2-3% target range.

&quot;While I think that may well be sooner than the RBA&#39;s &lsquo;central case&rsquo; of 2024, I don&#39;t think it will be any earlier than mid-2023,&quot; Eslake says.

Dr Andrew Wilson from My Housing Market says that no change in fundamental economic weakness confirmed again with low wages growth despite robust labour market.

&quot;As usual &ndash; absolutely no plausible case on current data for higher rates over the foreseeable future &ndash; and then there is Covid.&quot;

[smartcode_project:default project_id=102580 project_image_fid=167435]

New research from Finder reveals that over half of&nbsp;homeowners across the country&nbsp;are concerned about interest rates increasing in the near future.

Around15% fear they may not be able to make their repayments once rates creep up.

Finder.com.au&#39;s head of consumer research Graham Cooke says some homeowners may have purchased beyond their means in the midst of the housing market frenzy.

[smartcode_project:default project_id=22308 project_image_fid=75031]

&ldquo;The past 12 months have seen property prices explode as record numbers of Australians have fled into the housing market,&quot; Cooke says.

&ldquo;Low interest rates have encouraged many buyers to purchase earlier than they otherwise might have for fear of missing out.

&ldquo;But not all of them will have budgeted for their monthly repayments to go up if or before the cash rate increases,&rdquo; Cooke said.

Finder analysis reveals the average monthly mortgage payments in Sydney are worth 76% of the average worker&rsquo;s after-tax earnings &ndash; the highest in the country. Melbourne (57%) is not far behind, followed by Canberra (49%) and Hobart (49%). Perth is at the bottom of the list, with the average mortgage costing a more reasonable 35% of average earnings.

RBA Governor Philip Lowe's said that housing prices are continuing to rise, although turnover in some markets has declined following the virus outbreak

RBA leave cash rate on hold at September meeting

<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

[smartcode_project:default project_id=140747 project_image_fid=367540]

The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

[smartcode_project:default project_id=140747 project_image_fid=367529]

Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

[smartcode_project_cta:default project_id=140747]

Smith by Valli delivers a refined collection of luxury residences to Melbourne’s inner north

<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;

Joel Robinson

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Joel Robinson

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News