Sales are underway at one of Southport&#39;s newest apartment developments, The Waverley Residences.

Located in the heart of Southport&#39;s CBD at 15 Waverley Street, the $30 million Rothelowman-designed tower, developed by the Sydney-based&nbsp;Busikon, will have 60 apartments across its eight levels when it is completed in May 2022. Construction by Descon Australia has already begun.

There will be 60 apartments in total, comprising 14 one-bedroom apartments, 32 two-beds and 14 three-bedroom apartments.

Prices start from $345,000 for the one-bedroom apartments, $500,000 for the two-bedroom apartments and $680,000 for the three-bedrooms.&nbsp;

[smartcode_project:default project_id=106723 project_image_fid=170911]

Savill&rsquo;s Gold Coast&nbsp;Director of Residential Projects David Lennard&nbsp;said the apartments give the chance for a first home buyer to get on the ladder in the booming area.

He said the development was genuinely one of the best projects he&#39;s worked on.

&ldquo;The Waverley Residences ticks all the boxes that the discerning buyer looks for in a sophisticated home, with floor plans designed for optimum liveability, a sprawling rooftop retreat fit for entertaining and rejuvenating, and an aesthetical appeal that flows from its striking exterior to its light filled interiors,&quot; Lennard says.

&ldquo;We understood that the idealistic coastal lifestyle is a huge driving force behind the growing demand for residences on the Coast, so we sought to create a range of homes that embodied the essence of sub-tropical living.&rdquo;

[smartcode_project:default project_id=106723 project_image_fid=170912]

Lennard added that the suburb of Southport had&nbsp;long been overlooked for its supreme positioning at the core of the Gold Coast business precinct.

&ldquo;We have a huge amount of faith in Southport as one of the most underrated locations on the coast, given its proximity to picturesque waterways and beachfronts, while being immersed in a lifestyle hub of dining, retail and education as the city&rsquo;s undisputed CBD,&rdquo; Lennard said.

The apartments in Waverley Residences, created by award-winning architect firm Rothelowman, have been designed to take advantage of the coastal location, with a unique kitchen layout servicing both the interior dining area and alfresco dining on the balcony.

Crowning the building&nbsp;will be&nbsp;a rooftop terrace complete with a&nbsp;gym, outdoor lounges, dedicated BBQ areas and a private dining space with views&nbsp;to the Gold Coast skyline and beachfront.

[smartcode_project:default project_id=106723 project_image_fid=170910]

About the developer

Busikon is a boutique development firm based in Sydney that specialises in providing complete end-to-end service model with a mission to provide bespoke, environmentally responsible and community centric developments for the discerning homeowner and investor.

[smartcode_project_cta: project_id=106723]

There will be 14 one-bedroom apartments, 32 two-beds and 14 three-bedroom apartments

Joel Robinson

First home buyers alerted to affordable Southport apartment development The Waverley Residences 

The ASX-listed developer&nbsp;Cedar Woods&nbsp;has spent $63.5 million on&nbsp;two sites in Melbourne&rsquo;s western growth corridor.

They&#39;ve secured a 14.6 hectare site in Fraser Rise ($30.5 million) and a 39.7 hectare site in Fieldstone ($33 million). Combined, the acquisitions will add 725 lots to Cedar Woods&rsquo; development pipeline.

The Fraser Rise site (pictured main),&nbsp;25 kilometers north west of Melbourne&rsquo;s CBD, has planning permits in place for a 225 lot subdivision.

As part of the Plumpton Precinct Structure Plan, the development will benefit from a recreational park and a proposed non-government school. Settlement is due in October 2021 and is expected to contribute to Cedar Woods earnings from FY23.

The Company&rsquo;s purchase of a 39.7 hectare site in Fieldstone (below)&nbsp;is on deferred terms and is subject to Cedar Woods receiving approval to subdivide the site from its parent title, which is anticipated in FY23.

<img alt="" height="846" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/fieldstone_cedar_woods.jpg" width="1200" />

The Fieldstone development is expected to yield over 500 lots in the future Rockbank South Precinct Structure Plan.

Cedar Woods&rsquo; Managing Director, Nathan Blackburne, said the new acquisitions will come to market sequentially, further extending the Company&rsquo;s earnings pipeline.

&ldquo;Both sites provide exposure to Melbourne&rsquo;s western growth corridor with Fraser Rise set to benefit from continued demand for housing lots and Fieldstone&rsquo;s launch anticipated in FY24 or FY25,&rdquo;&nbsp;Blackburne said.

&ldquo;With our strong balance sheet, the support of our financiers and finance facility headroom of $94 million at FY21 year end, Cedar Woods remains well positioned to continue our strategy of diversification, bolstering our portfolio with quality product that meets the strong appetite for new housing in Australia.&quot;

They've secured a 14.6 hectare site in Fraser Rise ($30.5 million) and a 39.7 hectare site in Fieldstone ($33 million)



Cedar Woods acquires two new development sites in Melbourne's west

The Melbourne apartment market continued to grow over July, with the median apartment value rising&nbsp;0.4 per cent, according to the property data firm CoreLogic.

That takes the growth in Melbourne&#39;s apartment market to 6.1 per cent over 2021, following 0.8 per cent gains over June and 0.7 per cent in May.

Melbourne&#39;s median apartment value is now $612,000, having started the year at $577,000.

[smartcode_project:default project_id=5328 project_image_fid=155345]

The gains in the apartment market come as the booming housing market lost a little bit of steam over July.

CoreLogic&#39;s research director, Tim Lawless, suggests one of the reasons house prices are starting to lose a bit of steam is that they are becoming unaffordable for many.

&quot;With dwelling values rising more in a month than incomes are rising in a year, housing is moving out of reach for many members of the community,&quot; Lawless says.

[smartcode_project:default project_id=103179 project_image_fid=167491]

&quot;Along with declining home affordability, much of the earlier COVID related fiscal support (particularly fiscal support related to housing) has expired.&quot;

There&#39;s good news for landlords in Melbourne, Lawless added.

&quot;Rental markets in these areas [Sydney and Melbourne] are stabilising following a substantial reduction in rents due to high vacancy rates attributable to stalled overseas migration and a preference shift away from high density living during the pandemic.&quot;

The number of advertised properties for sale has fallen sharply across Sydney and Melbourne amid lockdowns.

New listings in Melbourne dropped 27 per cent between the week ending July 11th and July 25th.

[smartcode_project:default project_id=100322 project_image_fid=163035]

Melbourne&#39;s median apartment value is now $612,000, having started the year at $577,000.

&ldquo;We have seen the same trend through earlier lockdowns, where both buyer activity and vendor activity reduce before recovering to pre-lockdown levels once restrictions are eased or lifted.

&ldquo;With stock levels remaining tight, selling conditions have been skewed towards vendors.

&quot;Auction clearance rates have remained in the low-to-mid 70% range across the major auction markets through July and private treaty sales continue to record rapid selling times and low discounting rates,&rdquo; Lawless said

Melbourne's median apartment value is now $612,000, having started the year at $577,000

What happened to Melbourne apartment values over July?

With Melbourne&#39;s rolling lockdowns, and the want for more space over the last 18 months, townhouses have become one of the most in demand properties across the state.

Icon Developments Scott Jarzynka says townhomes have become a favourite for young families, as the local high-density dwellings currently available on the market don&#39;t offer the space they need.

&quot;This demographic of home buyers are wanting to stay in the inner-city, with the convenience of local public transport and parks,&quot; Jarzynka says.

&quot;Townhomes are the answer, providing a great location, convenience to their lifestyle and space.&quot;

Nat Eisen, at Eisen Property,&nbsp;&nbsp;says he&#39;s seen demand heighten for townhouses and larger apartments, with the latest rounds of COVID lockdowns not dampening buyer appetite.

&quot;We noticed stronger enquiry during lockdown, with those stuck at home researching real estate and wanting more space,&quot; Eisen says.

Eisen has been marketing the boutique townhouse development Inkerman &amp; Nelson in Balaclava, selling nearly all of its 27 townhouses, with just two remaining.

[smartcode_project:default project_id=25572 project_image_fid=87503]

Icon Developments had MAArchitects design the townhouses solely for the owner-occupier. Each townhouse, set in gardens landscaped by Eckersley Garden Architecture,&nbsp;has two or three levels, three or four-bedrooms, and two parking spots.

Icon say that Eckersley&#39;s&nbsp;distinct interpretation of &ldquo;family&rdquo; styled gardens moves away from traditional multi-residential landscaping, to ensure each space is made to feel like a stand-alone home.

Eisen says&nbsp;most of the buyers have been young families who live in the area who put location and lifestyle above everything.

But there&#39;s also been appetite from double income professionals who are looking to upsize locally.

[smartcode_project:default project_id=25572 project_image_fid=87502]

&quot;Most buyers have a strong connection to the location. They&nbsp;want&nbsp;something familiar and want to stay in the area.

&quot;Buyers are weighing up whether they buy a house further out or&nbsp;a townhouse closer to the city,&quot; Eisen said.

&quot;With established homes, buyers move in and might have to renovate, whereas buying off the plan and brand new, buyers can move in with ease, which is great for those families with young kids.&quot;

Eisen says buyers at Inkerman &amp; Nelson have appreciated the ability to personalise the townhouses, with the flexi-rooms on offer generally converted in to home offices.

[smartcode_project:default project_id=25572 project_image_fid=87507]

&quot;Most of the buyers intend to work from home in some capacity&quot;, Eisen noted.

One of the key drivers&nbsp;has been Inkerman &amp; Nelson has been the fact it is a well-priced product in a sought-after, expensive area.

While not being at the bottom end of the affordability scale with prices starting from $1,285,000, it&#39;s still considerably less than the entry level of the surrounding bayside suburbs of the pricey Bayside Brighton and St Kilda West.

Eisen says overall, he is seeing strong interest from all segments, from first home buyers to downsizers, with investors creeping back in to the market.

[smartcode_project_cta: project_id=25572]

Icon Developments Scott Jarzynka says townhomes have become a favourite for young families.



Townhouse demand heightens as Inkerman & Nelson in Balaclava nears sell-out

Just two weeks in to its sales launch and half of the apartments in The Tally, the latest apartment development to hit the market at Palm Beach, have already been snapped up.

The 45 apartment building, developed by Scott Dolso&#39;s&nbsp;MVGS Property Group at&nbsp;14-18 Twenty Eighth Avenue, has been a hit with local owner-occupiers&nbsp;in particular, KMSM agent Chez Fraser says.

Fraser has&nbsp;fielded over 1,200 enquiries so far.

[smartcode_project:default project_id=95222 project_image_fid=170590]

&quot;Gone are the days of waiting for an agent to be get in touch and chasing&nbsp;buyers who have enquired on the project,&quot; Frazer says on the current booming market, adding that she&#39;s never been so busy.

Fraser&nbsp;says there are a few stand out features of the project which are dragging a high level of enquiry, namely the location.

&quot;The location is pretty extraordinary&quot;, Frazer says, adding that the development is not far off the Gold Coast Highway for transport links, and the apartments either overlook Burleigh Heads, Tally Creek, or the beach.

There&#39;s the affordable entry point of the development as well, a big drawcard in the current market with the wave of new&nbsp;multi-million dollar apartments targeting the luxury downsizer and owner-occupier dominating the off the plan market space.

One-bedroom apartments, which are now all sold out, had started from $450,000, which included a car space.&nbsp;

[smartcode_project:default project_id=95222 project_image_fid=170588]

Frazer believes we won&#39;t see two-bedroom apartments of this level for some time. They start from $650,000, with two bathrooms and two car spaces.

The majority of buyers have been local owner-occupiers, with a handful of first home buyers and a few interested from interstate.

The Tally, spanning&nbsp;nine levels and designed by BDA Architecture, has a yoga lawn on the ground level and a rooftop which has a swimming pool with views across the beach.&nbsp;Completion is slated for early 2023.

<blockquote>
&quot;Inspired by the natural landforms of Burleigh Headland and Tallebudgera Creek, the fluid movements of waves, and the subtle curves of the creek, the architectural form and colour tones pay homage to the local context and history&quot; 
BDA Architecture
</blockquote>

Frazer says good developers who build up a reputation in the area always go well when it comes to their next project.

MVGS recently developed Canopy, a similar development of 49 apartments&nbsp;also designed by BDA, nearby at 3-7 Twenty Fourth Avenue. Four of the buyers in The Tally have come from Canopy.

[smartcode_project_cta: project_id=95222]

One-bedroom apartments, which are now all sold out, had started from $450,000, which included a car space

Two weeks, half sold: Why buyers are snapping up apartments in Palm Beach's latest development The Tally

It was announced in July that Brisbane would host the 2032 Olympics, which is expected to give even further momentum to the property market in South East Queensland.

Urban has wrapped up all of the property moves over July, from development applications to sales launches.

<h2>Raptis launch Pearl, Main Beach sales</h2>

<h2>[smartcode_project:default project_id=106752 project_image_fid=169993]</h2>

The veteran Gold Coast developer Raptis has launched sales at its latest Main Beach apartment development, the $160 million Pearl, Main Beach.

The 30-level tower at 3550-3552&nbsp;Main Beach Parade&nbsp;will have 80 apartments, including&nbsp;a luxury two-level penthouse.

Pearl, Main Beach, is the first foray in to the Main Beach market by Raptis, headed by founder Jim Raptis who started the company in Sydney&nbsp;back in the mid 1960s.

To read more about Pearl, Main Beach, <a href="/news/qld/raptis-launch-pearl-main-beach-apartment-tower-amid-booming-gold-coast-market">click here</a>.

<h2>Joe Adsett&#39;s Rockpool Rainbow Bay apartments get green light after &quot;unbelievable&quot; buyer interest</h2>

<h2>[smartcode_project:default project_id=94018 project_image_fid=169977]</h2>

The luxury Rainbow Bay, Coolangatta apartment development Rockpool, developed and designed by the architect-turned-developer&nbsp;Joe Adsett, has got the go-ahead from the&nbsp;Gold Coast City Council.

The council signed off on the 20 apartment project at 154-156 Marine Parade, a sought-after strip fronting&nbsp;Kirra Beach.

Todd Matheson from KMSM said the response has been unbelievable.

To read more about Rockpool, Rainbow Bay, <a href="/news/qld/joe-adsetts-rockpool-rainbow-bay-apartments-get-green-light-after-unbelievable-buyer-interest">click here</a>.

<h2>Landmark $800 million Surfers Paradise apartment towers to be one of the Gold Coast&#39;s biggest resort-style developments</h2>

<h2><img alt="" height="846" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/ferny_avenue_4_0.jpg" width="1200" /></h2>

The Gold Coast is set to see one of its biggest ever residential resort-style developments.

The Shanghai-headquartered international property developer SPG Land, in a joint-venture with Australian developer Gordon Corp, has lodged plans for nearly 800 apartments to be built across three towers in the heart of Surfers Paradise.

They will be anchored by a new ground-level retail and dining plaza at the street level&nbsp;Ferny Avenue. The 1.15 hectare site will be bounded by&nbsp;Ferny Ave, one of Surfers main streets, as well as&nbsp;Surfers Paradise Boulevard, Pandanus Avenue and Ocean Avenue near the Surfers Paradise North light rail station.

To read more about the trio of towers, <a href="/news/qld/landmark-800-million-surfers-paradise-apartment-towers-to-be-one-of-the-gold-coasts-biggest-resort-style-developments">click here</a>.

<h2>One Cannes, Surfers Paradise apartments near sell-out, launch penthouses</h2>

<h2>[smartcode_project:default project_id=97810 project_image_fid=160630]</h2>

The Gold Coast developer Marquee Development Partners has nearly sold out their $85 million One Cannes apartment development between Broadbeach and Surfers Paradise.

The sales update comes just over a month&nbsp;after the development at 1 Cannes Avenue received approval from the Gold Coast City Council.

One Cannes had wrapped up 65 per cent of sales in just 10 days after its launch in May.&nbsp;

To read more about One Cannes, <a href="/news/qld/one-cannes-surfers-paradise-apartments-near-sell-out-launch-penthouses">click here</a>.

<h2>Spyre Group lodge exclusive Burleigh Heads apartment development</h2>

<h2><img alt="" height="985" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/spyre_3.jpg" width="1200" /></h2>

The South East Queensland developer&nbsp;Spyre Group&nbsp;has lodged plans for their most boutique project yet on the Gold Coast.

Having spent around $11 million on 10 Goodwin Terrace, Burleigh Heads, earlier this year, the Andrew Malouf-led developer has filed for an exclusive collection of just three apartments on the near beachfront site.

Designed by bureau^proberts with landscaping from Cusp, 10 Goodwin is crowned by a two level penthouse with its own private rooftop pool.

<h2>Aniko Group continue Hope Island transformation with further apartment site acquisition</h2>

<h2><img alt="" height="682" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/athena_sickle.jpg" width="1200" /></h2>

The surging transformation of Hope Island on the Gold Coast is set to continue.

The&nbsp;Aniko&nbsp;Group, who are behind a number of residential developments at the gateway to Hope Island, has&nbsp;acquired another waterfront site on Sickle Avenue, with plans for more waterfront apartments.

The 9,280 sqm site at 10-12 Sickle Avenue, with an 80-metre frontage to the Hope Island Canal, is&nbsp;Aniko&#39;s fifth on the Gold Coast island.

It was announced in July that Brisbane would host the 2032 Olympics, which is expected to give even further momentum to the property market in South East Queensland



Gold Coast apartment insights: What happened on the Gold Coast in July

The Melbourne property developer Blue Earth Group has developed a name for itself within the industry for their string of high quality, amenity-laden apartment developments.

Their latest work at their Ivanhoe Gardens apartments in Melbourne&#39;s north-east&nbsp;has seen a big&nbsp;focus on&nbsp;the booming work from home sector, which is expected to continue well past the vaccination rollout.

Part of the development, designed by CHT Architects and built by the leading construction firm Hamilton Marino, is a state-of-the-art, double storey co-working centre.

[smartcode_project:default project_id=22308 project_image_fid=170556]

Upstairs is an open lounge area and private office booths, available to book through the apartment complex mobile app.

There&#39;s also an onsite restaurant with a coffee arbour, giving working home from residents no need to leave the Linden Avenue development.

Young professionals who are&nbsp;likely to only spend a few days in the office for the foreseeable future have been keen on the option of working in the co-working centre, albeit the Melbourne CBD just a short 30 minute drive in.

[smartcode_project:default project_id=22308 project_image_fid=170557]

Ivanhoe Gardens is made up of two buildings, Bloomfield, which is stage one of the development, and Linden &amp; Arbour, which is stage two.

True to Blue Earth&#39;s track record, Ivanhoe Gardens features a number of further facilities within the two stages. There&#39;s everything from golf simulator&#39;s, poker rooms, gym&#39;s designed and kitted out by Technogym and gardens designed by Jack Merlo.

Read more:&nbsp;<a href="/news/vic/work-live-and-play-at-blue-earth-groups-ivanhoe-gardens-apartments">Entertainment options on offer at Blue Earth&#39;s Ivanhoe Gardens</a>

One-bedroom apartments, which have their kitchen&#39;s designed by renowned chef Adam D&#39;Sylva (co-owner and chef award-winning restaurants Tonka and Coda), start from $462,500.

Blue Earth&#39;s Anthem development in Essendon, with a similar suite of facilities, has nearly sold out.

Read more:&nbsp;<a href="/news/vic/why-would-you-leave-anthem-at-essendon-residents-treated-to-high-performance-living">Why would you leave? Anthem at Essendon residents treated to High Performance Living</a>

There are just a few apartments remaining&nbsp;in the O&#39;Shannassy Street project. With all the one-bedroom apartments sold out, prices start from $572,500 for the two-bedroom, 72 sqm apartments.

[smartcode_project_cta: project_id=22308]

Part of the development is a state-of-the-art, double storey co-working centre



How Blue Earth Group are revolutionising the co-working space at Ivanhoe Gardens apartment development

The ASX-listed property developer Mirvac have increased their residential pipeline in Melbourne for 2022, acquiring a site on the tightly held Princes Park precinct alongside Brunswick&#39;s Princess Hill.

The purchase comes as Mirvac release&nbsp;the final stage of their sought-after Doncaster precinct, Apartments of Tullamore.

FORME Apartments, the last stage of the 47 hectare masterplanned community,&nbsp;are inspired by nature, with garden spaces by award-winning landscape designer Paul Bangay.

[smartcode_project:default project_id=100322 project_image_fid=163036]

The 699 Park Street&nbsp;development, to be known as Park Street, will home around 200 apartments and is expected to launch to the market in mid-2022, with construction anticipated to commence later that year.

Formerly a hotel, the 6,495 sqm site features uninterrupted park and city views and around 100 metre frontage to Princes Park. It is located within walking distance to Brunswick and Carlton North. The&nbsp;University of Melbourne and the Royal Hospital precinct are part of the local neighbourhood.

Mirvac&rsquo;s Head of Residential, Stuart Penklis, says that the prestigious Park Street site offers an opportunity for Mirvac to strategically expand its pipeline and create a new legacy project at the northern gateway to Melbourne.

&ldquo;Mirvac is focused on diversifying its portfolio across a range of different markets and is always looking for opportunities to create high-quality apartment offerings,&quot; Penklis said.

&quot;In many ways the Park Street site echoes the essence of East Melbourne, an outstanding location with access to the best cultural amenity, right on the cusp of Melbourne&rsquo;s CBD.&quot;

[smartcode_project:default project_id=100322 project_image_fid=163028]

Penklis says the demand from local owner-occupiers looking for quality apartments in well serviced locations continues, but points to a recent uptick in right-sizers.

&quot;Families, couples and singles looking for larger apartments that offer a low maintenance, secure lifestyle, close to amenity &ndash; something that Park Street will offer in abundance,&rdquo; Penklis says.

There were plans already in place for 699 Park Street by Architectus for JW Land, however Mirvac are still finalising the scheme of what they want to create.

The 699 Park Street development will home around 200 apartments and is expected to launch to the market in mid-2022

Mirvac bolster 2022 apartment development pipeline with Park Street, Brunswick site purchase

The well-regarded property developer, Pask, has kicked off its sales campaign&nbsp;at its luxury Palm Beach apartment development on the sought-after The Esplanade.

Strong demand from buyers has seen half of the 16 residences snapped up prior to the project&rsquo;s retail sales launch.

NPA Projects Director Andrew Erwin saying he&#39;s seen interest from Gold Coast locals, as well as from Brisbane, and Melbourne.&nbsp;

&quot;Great design and quality craftsmanship are what Pask are well-known for in Melbourne,&quot;&nbsp;Erwin says, highlighting their work at the Millswyn, a collection of eight luxury apartments, two penthouses and a restored heritage residence in South Yarra&rsquo;s exclusive Domain precinct.

[smartcode_project:default project_id=107137 project_image_fid=182224]

Erwin said buyers are drawn to the location, at the quieter end of The Esplanade, in an area he calls &quot;North Palm Beach.&quot;

&quot;North Palm Beach is essentially its own area,&quot;&nbsp;Erwin says, with the top of The Esplanade located closer to the picturesque Burleigh Headland and Tallebudgera Creek.

Designed by Plus Architecture and set in landscaping by FORM Landscape Architect, the project features&nbsp;two dual-level Beach Houses, 12 Beach Residences, and two penthouses.

[smartcode_project:default project_id=107137 project_image_fid=182229]

The split level, four-bedroom Beach Houses start on ground level, each with their own private plunge pool and living spaces wrapped around a private courtyard. Each Beach House also features two open plan kitchens, living and dining areas, and a separate guest quarters located on the lower floor.

The three-bedroom Beach Residences, which start from 220 sqm, run at two-per-floor to level eight, and every apartment will have a large ocean-facing balcony.

On the ground level is the resident amenity, which includes a 20 metre lap pool with wet edge and sunken lounges, outdoor dining areas and a barbecue space, as well as a gym.

[smartcode_project:default project_id=107137 project_image_fid=182228]

Price range between $3.2 million and $5.95 million.

Pask have timed their entry to the booming Palm Beach market, which is showing no signs of slowing down.

Settlement is due in early 2023.

About The Developer

Pask was founded by family patriarch Nev Pask over five decades ago. Since then, the company has grown in to one of Australia&#39;s leading property developers, with a legacy of over 100 developments across the country.

The company is now ran by Nev&#39;s son Dean, who has grown Pask across Queensland and Victoria. They&#39;ve only recently turned their attention to the boutique apartment development market, having initially started their journey with greenfield developments.

Their first greenfields site in Queensland was&nbsp;Arise at Rochedale, south of the Brisbane CBD and one of Brisbane&#39;s last master-planned greenfield communities. That now has over 1500 homes, having first been developed over 20 years ago.

[smartcode_project_cta: project_id=107137]

NPA Projects Director Andrew Erwin says he has seen interest from Gold Coast locals, as well as from Brisbane, Sydney, Melbourne and New Zealand.

Sales launch at Pask's luxury Esplanade, Palm Beach apartment development

Residents at Blue Earth Group&#39;s latest apartment development, Ivanhoe Gardens in Melbourne&#39;s north-east, won&#39;t need a reason to stay at home every day.

As well as the extensive co-working facilities on offer making the Monday to Friday office attendance a thing of the past, Ivanhoe Gardens offers more entertainment options within its grounds that most whole suburb&#39;s do.

Read more:&nbsp;<a href="/news/vic/how-blue-earth-group-are-revolutionising-the-co-working-space-at-ivanhoe-gardens-apartment-development">How Blue Earth Group are revolutionising the co-working space at Ivanhoe Gardens</a>

The development, built across two stages by leading builder Hamilton Marino&nbsp;to designs by CHT Architects, has over 2,000 sqm dedicated to the 13 different entertainment zones.

The most unique of facilities, targeting young families, is the amenity on offer for the kids.

Ivanhoe Gardens has a Kids&#39; Zone which has designated areas for play and for work on creative projects and hobbies.

There&#39;s a general play area, a cubby house and desk space for homework. The Kids&#39; Zone has been positioned next to the gym so&nbsp;parents can work out while the kids stay safe and entertained.

[smartcode_project:default project_id=22308 project_image_fid=170572]

There&#39;s further kids activity space, with a rock climbing wall and ball pit, as well as a room dedicated to arts and crafts, both for adults and children!

[smartcode_project:default project_id=22308 project_image_fid=170573]

Parents won&#39;t need to go far when leaving&nbsp;the kids with the babysitter.

There&#39;s an onsite restaurant in Ivanhoe Gardens, open for breakfast lunch and dinner. Adjoining the restaurant is a private dining area, bookable through the Ivanhoe Gardens app. The restaurant can cater the area for large groups.

[smartcode_project:default project_id=22308 project_image_fid=75049]

Pre- or post-dinner options are aplenty.

An onsite sports bar is kitted out with a pool table, a table tennis table and&nbsp;a number of screens. There&#39;s even an adjoining poker room with professional table.

[smartcode_project:default project_id=22308 project_image_fid=170574]

Likely the most popular post-dinner option will be the private cinema.

Completed styled as a plush cinema with terraced seating and velvet curtains, seats at the boutique cinema are bookable through the app.

Residents and friends can book to binge on the best Netflix shows or bring&nbsp;their latest movie collection.

[smartcode_project:default project_id=22308 project_image_fid=75038]

For the fair-weather golfer who only hits the greens when the sun is shining, Ivanhoe Gardens offers a virtual golf simulator. Hone your swing without anyone watching!

[smartcode_project:default project_id=22308 project_image_fid=75041]

Apartments in Ivanhoe Gardens, which comprises two stages, Bloomfield (stage one) and Linden &amp; Arbour (stage two), start from $462,500.

To watch Urban&#39;s recent display suite tour video, <a href="/news/vic/display-tour-ivanhoe-gardens-by-blue-earth-group-in-ivanhoe-vic">click here</a>.

[smartcode_project_cta: project_id=22308]

Ivanhoe Gardens offers more entertainment options within its grounds that most whole suburb's do.

Work, live and play at Blue Earth Group's Ivanhoe Gardens apartments

<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