New Farm is set for an architecturally modern boutique apartment development, continuing the luxury downsizer trend in the inner Brisbane riverfront suburb.

The latest development at 25 Harcourt Street will see two early 1960s apartment blocks demolished and five apartments designed by Tim Stewart Architects in landscaping by Forme Landscape Architects built in its place.

J.J.K. Properties, directed by the Melbourne-based developer John and James Kaias, are behind the development. The brother&rsquo;s are directors at Abcor, the engineering firm founded by their father Greg. It&#39;s not the Kaias&#39; first development in Brisbane. They are also&nbsp;building a 45-level office tower in the Brisbane CBD.

The seven storey building will have five apartments levels. There will be two two-bedroom apartments and three three-bedroom apartments.

The first level apartment has wrap around landscaping with its own private pool and fire put area. Each apartment has a large outdoor area with an outdoor kitchen and dining space.

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The aim is for a &#39;skyhome&#39; typology, according to the assessment report submitted by URBIS, with each apartment occupying the full floor of the building.

&quot;This provides a level of amenity commensurate with that of a house, with large living areas and no shared common walls with neighbouring apartments.&nbsp;

&quot;The proposal represents a contemporary residential offer that provides housing choice and diversity in terms of dwelling style and density (delivering a premium, luxury housing product), whilst considering the surrounding built form and character. The development capitalises on Brisbane&rsquo;s subtropical climate by creating functional private terrace and rooftop terrace space to promote the use of outdoor space. - the development application by Urbis says.

The apartments are designed to provide a &lsquo;skyhome&rsquo; typology with each apartment occupying the full floor of the building. This provides a level of amenity commensurate with that of a house, with large living areas and no shared common walls with neighbouring apartments.&nbsp;

The&nbsp;development site adjoins the heritage-listed Ermabrae, built in the 1900s, to the north, and Merillon Flats to the east.

&nbsp;

&nbsp;

The aim is for a 'skyhome' typology, according to the assessment report submitted by URBIS


Joel Robinson

Melbourne developer targets luxury downsizer in boutique New Farm apartment development

The Sydney CBD is set for a new mixed-use residential and office development.

Fife Capital, the alternative asset manager led by Allan Fife, has lodged plans for two towers in the heart of the CBD, one residential and one commercial&nbsp;at 114-120 Castlereagh Street and 139 Elizabeth Street.

Fife paid $46 million for the two sites last year&nbsp;when buying from the hotelier Kim Maloney, the publican at Hotel Bondi.

114-120 Castlereagh, currently home to George Bosch Chambers,&nbsp;spans eight storeys and dates back to the mid 1920s. The St James Hotel currently occupies the lower ground, ground and first level.

That building will stay, with GML Heritage stating the building is culturally significant and should be retained and conserved, despite no heritage overlay of the 1920s-built building which underwent a renovation in the mid-1980s.

139 Elizabeth, to the rear of the Castlereagh building fronting Hyde Park, is a four-storey masonry building. With no significant enough heritage or streetscape impact, 139 Elizabeth will be demolished and make way for the 17-level apartment tower, which will home just 26 luxury apartments.

<img alt="" height="932" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/castle_location_2.jpg" width="1200" /> 
The development will be located across the road from&nbsp;the well-known David Jones Men&rsquo;s Store, which will be redeveloped by CBUS in to a 22-level residential tower at 77 Market Street. Source: City of Sydney

There will be&nbsp;one, two and three bedroom apartments, and a two-level, four bedroom penthouse across levels 15 and 16.

The majority of the units will face the park, with some facing Castlereagh Street and the lower levels facing Elizabeth Street and will contain wintergreens. A landscaped communal open space has been designed above the commercial building at level 10.&nbsp;The roof terrace provides communal facilities including BBQ area, outdoor dining and recreation areas.

<img alt="" height="805" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/castle_3_plan.jpeg" width="1200" /> 
The proposed Elizabeth Street frontage. Source: City of Sydney Council

Fife commissioned the Chippendale-based Tony Owen Partners to prepare the development application. &nbsp;&nbsp;&nbsp;

&ldquo;Whilst the site is tight, the proposal maximises the potential for landscaped are in this small inner city site,&rdquo; the design verification statement&nbsp;read.

Tony Owen Partners designed the 17-storey residential tower The&nbsp;Eliza, which adjoins one of the building&#39;s on Elizabeth Street for the Ceerose Group. 
 
<a href="/developments/sydney-nsw?source_news_article_id=106443&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/template_photoshop_sydneycbd.png" width="1200" /></a>

There was a design advisory panel held between the City of Sydney and Tony Owen Partners&nbsp;in February where issues about the development were discussed&nbsp;and resolved.

Overview of proposal:&nbsp;

&bull; Retention of retail space on the ground floor and basement of Castlereagh St building.&nbsp;

&bull; Retention of the fa&ccedil;ade and majority of building fabric of Castlereagh St building.&nbsp;

&bull; Existing levels of the Castlereagh St building to be refurbished as a commercial building as present.&nbsp;

&bull; Additional levels above the exiting building on Castlereagh St containing residential uses.

&bull; Additional cores and structure if required to support additional built form.&nbsp;

&bull; A new building on Elizabeth Street consisting of residential uses.

The development also located up the road from the soon-to-be-completed Castle Residences, the luxury 131 apartment by Urban Development Sydney which sits at 203 Castlereagh Street.

The Candalepas Associates-designed, 36-level tower, which incorporates hotel suites as well as residential apartments, is set for completion in December.

Urban Development Sydney has just relaunched the $18 million penthouse.

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Fife paid $46 million for the two sites in 2020 when buying from the hotelier Kim Maloney, the publican at Hotel Bondi.

Exclusive: Fife Capital lodge Castlereagh Street, Sydney CBD mixed-use apartment and office development

There were a number of development updates and lodged plans up and down the Gold Coast over June, as well as a sales update considered by many as one of the best selling towers ever seen on the Gold Coast.

Urban has wrapped up the movements on the Gold Coast across June.

Seven boss Ryan Stokes lodges plans for Palm Beach apartment development Akuna

The Seven Group media heir Ryan Stokes is set to develop an apartment block on his recently acquired double block on Gold Coast’s Palm Beach.

<a data-entity-type="" data-entity-uuid="" href="/news/qld/seven-boss-ryan-stokes-lodges-plans-for-palm-beach-apartment-development-akuna"><img alt="" height="737" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/akuna_4.jpg" width="1200" /></a>

Stokes, managing director and&nbsp;chief executive of Seven Group Holdings which his father Kerry Stokes founded in 1991, has lodged plans for Akuna, a boutique block of just 13 apartments designed by the Brisbane-based Modulus Architecture at 39-41 Jefferson Lane, Palm Beach.

For more information, <a href="/news/qld/seven-boss-ryan-stokes-lodges-plans-for-palm-beach-apartment-development-akuna">click here</a>.

Cru Collective submit plans for Kirra Beach apartment development

Having recently completed its Palm Beach apartment development Siarn,&nbsp;Gold Coast developer&nbsp;Cru Collective&nbsp;has lodged a development application for an exclusive&nbsp;collection of full floor apartments on&nbsp;the sought-after Kirra beachfront.

<a data-entity-type="" data-entity-uuid="" href="/news/qld/cru-collective-submit-plans-for-luxury-kirra-beach-apartment-development"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cru_2_0.jpg" width="1200" /></a>

The site at 2 Musgrave Street will become a boutique tower of just 11 beachfront apartments, each with three bedrooms and internal living space of over 280 sqm.

Each apartment will have two living areas, a butler’s pantry, wine cellar and a&nbsp;dry bar. Secure lift access will lead to each residence’s private foyer.

For more information, <a href="/news/qld/cru-collective-submit-plans-for-luxury-kirra-beach-apartment-development">click here</a>.

S&amp;S Projects lodge plans for mixed-use Coolangatta development Esprit

Fresh off the success of their nearby Flow and Awaken Residences, the Gold Coast&nbsp;developer S&amp;S Projects has lodged plans for its latest coastal development.

<a href="/news/qld/first-look-s-s-projects-lodge-plans-for-mixed-use-coolangatta-development-esprit"><img alt="" data-entity-type="" data-entity-uuid="" height="726" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/esprit_3.jpg" width="1200" /></a>

They're set to develop a mixed-use precinct at&nbsp;217-227 Boundary Street Coolangatta, a few streets back from Rainbow Bay.

Above ground level retail will be two interconnected buildings designed by&nbsp;Cottee Parker Architects&nbsp;totalling&nbsp;96 apartments.

The main residential tower will have 72-two bedroom apartments and 19-three bedroom apartments across 12 levels.

For more information, <a href="/news/qld/first-look-s-s-projects-lodge-plans-for-mixed-use-coolangatta-development-esprit">click here</a>.

Sammut nearly sell-out Surfers Paradise apartment tower just three weeks after lodging DA

Just three weeks after submitting their development application, the Sydney-based developer Sammut Group have secured $110 million in conditional sales for Coast, their Surfers Paradise apartment tower.

<a href="/news/qld/sammut-nearly-sell-out-surfers-paradise-apartment-tower-just-three-weeks-after-lodging-da"><img alt="" data-entity-type="" data-entity-uuid="" height="675" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/coast_ocean_bar_0.jpg" width="1200" /></a>

They've secured sales of over 43 of the 49 total apartments, with sales so far ranging between $3.5 million and $9 million, at an average of $4.5 million.

For more information, <a href="/news/qld/sammut-nearly-sell-out-surfers-paradise-apartment-tower-just-three-weeks-after-lodging-da">click here.</a>

De-Luxe apartments set to tower over Old Burleigh Theatre site

In the 1930s the Old Burleigh Theatre&nbsp;was a popular cinema and&nbsp;dance hall.

<a href="/news/qld/de-luxe-apartments-set-to-tower-over-old-burleigh-theatre-site"><img alt="" data-entity-type="" data-entity-uuid="" height="726" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/de_luxe_1.jpg" width="1200" /></a>

The Goodwin Terrace building is now set to start its new life as a mixed-use development, with the Sydney-based developers Weiya Holdings&nbsp;receiving&nbsp;sign off from the Gold Coast Council to create a new local hotspot.

The development&nbsp;will be&nbsp;the first ever adaptive re-use of a building with heritage elements on the Gold Coast.

There will be 30 apartments designed by the Brisbane-based architecture firm Conrad Gargett, who specialise in heritage restoration.

For more information, <a href="/news/qld/de-luxe-apartments-set-to-tower-over-old-burleigh-theatre-site">click here</a>.

Urban has wrapped up the movements on the Gold Coast across June

Development update: What happened on the Gold Coast in June?

The Melbourne-based developer Sunkin Group is seeing a high demand of sea and tree-changers in their bayside Brighton apartment development 448 Brighton.

The SJB-designed development of just 17 apartments at 448 St Kilda Street has seen&nbsp;buyers from Daylesford, Cape Schank and Point Lonsdale in recent months.

It&#39;s down to the location says Sunkin&#39;s Group Sales Manager Sophie Dobson, given it is adjacent to Elsternwick Park and Elwood Beach.

&ldquo;We&rsquo;ve seen a real trend in buyers who are looking to have an inner-city base that doesn&rsquo;t mean giving up their regional home luxuries like space, views, and nature.

[smartcode_project:default project_id=31946 project_image_fid=168440]

&ldquo;Buyers need more space when working from home and that trend is evident with Melburnians fleeing to the seaside or country to get more space and fresh air,&quot; Dobson says.

&quot;These homes offer larger living spaces for people to enjoy and more space for those working from home.

Now 50 per cent sold since launching in December, 448 Brighton apartments feature&nbsp;premium Gaggenau and Bora appliances, Astra Walker tapware and marble bench tops and tiles. The courtyard apartments have landscaping by the renowned Jack Merlo Landscape Design.

[smartcode_project:default project_id=31946 project_image_fid=168441]

There are two and three bedroom apartments available starting from $980,000.

Three skyhome penthouses with rooftop entertaining terraces and sweeping views will soon launch.

[smartcode_project_cta: project_id=31946]

It's down to the location, says Sunkin's Group Sales Manager Sophie Dobson, given it is adjacent to Elsternwick Park and Elwood Beach.

448 Brighton apartments attracting lock up and leave sea and tree changers

EXPERT OPINION

The average punter will never let the facts get in the way of a cherished belief.

This is why Australian real estate abounds with myths and misconceptions to which people cling, regardless of the evidence.

Last week I wrote about the belief held by many people about the importance of being close to the CBD to get the best capital growth. There&rsquo;s copious data proving that&rsquo;s a major piece of nonsense, but some will never reject that sacred cow.

Here are some others &hellip;

It&rsquo;s all about interest rates

Another myth that pops up daily in mainstream media is the child-like notion (held primarily by economists who have child-like knowledge of real estate) that the fundamental driver of real estate prices in the level of interest rates.

In many ways this is the last refuge of scoundrels who wish to appear informed about the property market when in reality they know very little. When asked a question about real estate, the standard response is &ldquo;record low interest rates&rdquo;. It&rsquo;s a convenient way to avoid meaningful analysis.

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Here&rsquo;s what passes for analysis for most economists seeking to explain real estate trends: if event A coincides with event B, then event A must have caused event B.

So if cheap finance coincides with rapidly rising prices, then that must be the cause. It overlooks the absence of growth in late 2019, also a time of record interest rates, and in the first half of 2020.

There was the same response when Sydney and Melbourne were having their boom from 2013 to 2017. The standard explanation was &ldquo;record low interest rates&rdquo;. Proponents of that theory were unable to explain why prices were falling in Perth and Darwin and stagnating in Brisbane, Canberra and Adelaide. Nor did record low interest rates explain the subsequent decline in prices in Sydney and Melbourne after 2017, including the early part of 2020.

The theory also fails to explain how Australia managed spectacular property booms during an environment of very high and rising interest rates in the late 1980s and early 2000s.

I suspect real estate dynamics are too complex for the average economist to comprehend. Remember, these were the people who were predicting, 12-15 months ago, a major collapse in property prices (at a time of record low interest rates).

It&rsquo;s a bad time to sell because it&rsquo;s winter

Here&rsquo;s another myth that&rsquo;s currently doing the rounds, as people try to explain why there are relatively few properties for sale at a time of feverish buyer demand.

According to media reports, home-owners aren&rsquo;t listing because it&rsquo;s winter and winter is a bad time to sell property. They&rsquo;re waiting until spring because that, apparently, is the best time to sell.

[smartcode_project:default project_id=600 project_image_fid=94632]

It beggars belief that anyone would believe that real estate fortunes are dictated by the seasons.

Here&rsquo;s the fundamental truth: the best time to sell is when there are lots of enthusiastic buyers competing for relatively few properties, with prices rising rapidly &ndash; i.e. right now. It has nothing to do with the seasons.

Somehow, the real estate industry has managed to convince the market that spring is the best time to sell. The same agents claim spring is also the best time to buy. Both cannot be true.

It&rsquo;s all about population growth

Another popular myth is that the fundamental driver of property prices is population growth. I could spend a long time dispelling this furphy, but suffice to ask this question: how is it that Sydney house prices are rising so fast (9.5% in the June Quarter and 18.5% in the first six months of the year, according to one source) at a time when the population data is negative for Sydney.

Sydney continues to lose population to internal migration (the Exodus to Affordable Lifestyle trend that&rsquo;s been under way for several years) and its main source of population growth, overseas migration, has been blocked by our closed borders.

Sydney&rsquo;s losing population but its property prices are rocketing. The same is true for Melbourne, despite everything that has afflicted that city in the past year or so.

[smartcode_project:default project_id=7758 project_image_fid=150447]

A catalyst for this column was an article in the Sydney Morning Herald and The Age (both prime sources of real estate misinformation) which claimed to present &ldquo;The top 5 reasons&rdquo; why house prices are rising. It rolled out the usual cliches &ndash; low interest rates, population growth, tax policies, etc &ndash; none of which in any way explains the past 6-12 months in Australian real estate.

Month-to-month price movements matter

You can be sure we&rsquo;re in the midst of a spectacular real estate up-cycle when media characterises a 2.1% rise in house prices in a single month as &ldquo;a loss of momentum&rdquo;.

The media coverage resulting from CoreLogic&rsquo;s report on June price trends claimed the market is losing momentum &ndash; because the monthly growth in dwelling values was slightly less than the previous month. There were headlines across the nation claiming that the market was running out of puff.

It&rsquo;s worth noting that the same happened in early May, because the average rise in values in April was slightly lower than March. This inspired headlines declaring that the boom was over. But then the May figures showed another big growth spurt.

Now the June figures are down (slightly) on May, therefore the market is apparently losing momentum.

Specialist real estate analysts with experience know it&rsquo;s a mistake to make big assumptions based on month-to-month price movements. It&rsquo;s too short a time frame for meaningful trends to become apparent. The monthly movements are often erratic.

[smartcode_project:default project_id=2407 project_image_fid=77662]

The longer-term data is more reliable and meaningful. In the June Quarter, every capital city except Perth increased their house prices by 4.9% or more. The regional markets of NSW, Victoria, Queensland, Tasmania and the Northern Territory all rose by at least 5.5%. The national average for the quarter was a rise of 6.7%.

In the first six months of 2021, all capital cities grew 10% of more &ndash; except Perth, which increased &ldquo;only&rdquo; 7.3% in the first half of the year. The national average was a rise of 13.6%.

The figures suggests that there continues to be serious momentum in markets around Australia, driven by multiple strong factors.

The average punter will never let the facts get in the way of a cherished belief

Real estate myths and misconceptions: Hotspotting's Terry Ryder

The high-end developer GURNERTM, is set for its second luxury apartment development as part of their new Club Maison strategy.

They&#39;ve secured a&nbsp;historic former bluestone church&nbsp;and former Sunday school hall site&nbsp;at 145 &ndash; 151 High Street, Prahran, and have submitted plans for a $40 million, 45 apartment development above the retained heritage building.

&ldquo;The heritage significance of the sites is what really excited us about the opportunity to be able to create something that embraces its past and re-invigorates it for the future,&rdquo; GURNERTM boss Tim Gurner.

&ldquo;It is no secret I am drawn to heritage sites especially where we can integrate the heritage components into our projects and bring these incredible buildings back to life.

The former Gothic Revival church and Sunday school hall building was constructed in 1891, later altered in 1936 to include shop fronts which are still in use today.

There will be a level of&nbsp;club commercial space behind the fa&ccedil;ade and an exciting ground floor restaurant and bar.

<a href="/developments/melbourne-vic?source_news_article_id=105008&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/template_photoshop_melbournecbd_8.jpg" width="1200" /></a>

The proposed design will also feature a private rooftop club with city views, a clear-edged infinity pool, outdoor kitchen and dining spaces, and a sun deck designed by landscape architect John Patrick.

GURNERTM have appointed their go-to design partner Warren and Mahoney, who specialise in heritage restoration, to handle the design.

&quot;We really wanted the heritage to be treated with the love and respect it deserves,&quot; Gurner added.

The Prahran development will be the second Club Maison concept project for GURNERTM, who&nbsp;announced&nbsp;their first site in St Kilda after the acquisition of the former Cushion Lounge on Fitzroy Street late last year.

Gurner says there&#39;s a major boom coming, and they&nbsp;want to be sure they&#39;re ready for it.

&quot;I&rsquo;m cautiously optimistic on the market this year and think both the residential and hotel markets will present significant opportunities in the coming years so we are aiming to acquire another 10-15 sites across our portfolio in the next one to two years.

[smartcode_project:default project_id=5615 project_image_fid=166290]

&ldquo;The short term effects of the pandemic are hard to predict, however I am extremely confident in the future of Melbourne and Australia as the world comes out of this hiatus and people seek a safe, beautiful and free life and Australia offers this more than anywhere else in the world.&quot;

GURNERTM general manager of boutique, Brooke Formosa, said the site is an ideal location

&ldquo;Being so close to Prahran&rsquo;s vibrant Chapel Street precinct and amenity like Fawkner Park, St Kilda Road and the CBD, this site is the ideal location for both a residential component and our new Club Maison accommodation concept,&rdquo; she said.

&ldquo;Building our private club, hotel and boutique accommodation portfolio will be a major focus for us into 2021 and beyond, to complement our luxury residential pipeline as we expand into new asset classes, particularly where we can retain ownership and management long-term.

"I am extremely confident in the future of Melbourne and Australia as the world comes out of this hiatus and people seek a safe, beautiful and free life," Gurner said.

Boom coming to Melbourne says Tim Gurner, who plans second Club Maison apartment development in Prahran

The mixed-use Riverlee development Seafarers is one of the most anticipated apartment and hotel combination&#39;s to hit Melbourne in recent years.

The development will home Australia&#39;s first 1 Hotels, along with 123 apartments which have already <a href="/news/vic/entrepreneurs-and-executives-favour-hotel-lifestyle-as-seafarers-docklands-sales-surge">been a hit with entrepreneurs and business executives</a>.

Designed by the international architecture studio Fender Katsalidis, Seafarers is expected to be completed in late 2023.

Urban recently spoke to&nbsp;Gabriella Castelmore, a published author who recently moved back to Melbourne having lived overseas for the last 26 years and has found a home in Seafarers.

How did you discover Seafarers?

I first discovered Seafarers when I was in Paris. At the time, I wasn&rsquo;t ready to buy a property in Australia as I was still living overseas. When I did finally make the move, I had a good sense of the market and made the decision to look into Seafarers further. After visiting a few different developments, Seafarers was the obvious choice. The location and value for money exceeded my expectations.

[smartcode_project:default project_id=27728 project_image_fid=73049]

What attracted you to Seafarers?

Riverlee went straight to the top shelf in appointing the architect and interior designer, and that really stood out for me. I also liked the 1 Hotel component and its high standard of sustainability.

Location was important - I wanted to be central as in the past I had long commutes to work. Now, I will be in close proximity to the office and able to walk or ride to work easily. Coming from Paris where most people live in apartments, it&#39;s comforting knowing there is a beautiful rooftop garden terrace, river views and access to the public park.

&nbsp;

[smartcode_project:default project_id=27728 project_image_fid=73042]

What qualities were you looking for in a home?

First and foremost I was looking for quality fixtures and fittings, as well as floorboards and carpets. Moving to Melbourne, I had to factor in the need for storage. I was able to secure two units of storage in addition to a car park space.

Other qualities that were important were the amenities - having access to the gym, pool and sauna.

[smartcode_project:default project_id=27728 project_image_fid=97032]

What are you looking forward to most about living at Seafarers?

To be honest, I am really looking forward to the sheer comfort and luxury Seafarers offers. My apartment is really spacious with a big bathtub and lots of storage for me to keep everything organised and out of sight. I am also looking forward to using the hotel, inviting friends for coffee or a drink and experiencing 1 Hotel in Melbourne.

<a href="/news/vic/what-buyers-need-to-know-about-the-newest-northbank-project-seafarers-five-minutes-with-riverlees-david-lee">Read more:&nbsp;What buyer&#39;s need to know about the newest Northbank project Seafarers: Five minutes with Riverlee&#39;s David Lee</a>

Are there elements you customised when designing your new home?

I spent a bit of time changing the floorplan and Riverlee was really accommodating throughout the whole journey. I took out the laundry sink which I moved to the large en-suite with access via the hallway. By removing this, I was able to build a substantial study nook large enough for two people with built in cabinetry and shelving.

[smartcode_project:default project_id=27728 project_image_fid=73043]

We also finished the study area 20cm short from the kitchen allowing full floor to ceiling cupboards in the kitchen instead of a wall, and providing an enormous amount of additional pantry space.

<a href="/news/vic/the-design-details-fender-katsalidis-architects-discuss-riverlees-mixed-use-docklands-development-seafarers">Read more:&nbsp;The Design Details: Fender Katsalidis Architects discuss Riverlee&#39;s mixed-use Docklands development Seafarers</a>

What attracted you to the Northbank area?

Accessibility to the city and knowing everything is within walking distance, from the variety of great restaurants and bars Melbourne has to offer to the Arts Precinct and Botanical Gardens. Being a big tennis fan, I am also looking forward to being able to walk to the Australian Open when it&rsquo;s on.

I was also attracted to the bike tracks located directly around Seafarers and liked the fact that I&rsquo;ll be able to easily access the South Melbourne and Queen Vic markets.

Are there features at Seafarers that surprised you? 

Yes, the heritage aspect really surprised me, with the building retaining as much of the original site as possible. In today&#39;s world we need to be more conscious about our waste, and knowing this is something Riverlee is prioritising is very much aligned with my values.

[smartcode_project_cta: project_id=27728]

Urban recently spoke to Gabriella Castelmore, a published author who recently moved back to Melbourne having lived overseas for the last 26 years.



Why I bought a Seafarers, Melbourne apartment: Buyer Q&A

The ASX-listed national developer Mirvac working alongside Victoria Investments and Properties (VIP), have secured over 100 townhouse sales in their Rockbank&nbsp;masterplanned community Woodlea, west of Melbourne,&nbsp;over the last financial year.

And they rounded out the financial with a bang, snappily selling the full collection of&nbsp;nine of its top end townhouses, the first ever three storey, four bedroom residences released in the 711 hectare development.

They made up the mini-neighbourhood&nbsp;Central Quarter, located in a private neighbourhood next to the newly opened town centre.

The&nbsp;townhouses, created by Mirvac Homes,&nbsp;each have&nbsp;uninterrupted parkfront views. They were priced from $489,999, and were all snapped up within 48 hours&nbsp;of the registrations of interest campaign.

They comprise four bedrooms, two bathrooms, a study area, a double garage and front and rear landscaping.

[smartcode_project:default project_id=28733 project_image_fid=167737]

Woodlea Project Director Matthew Dean said that demand for townhouses in Woodlea have remained strong throughout the past year, with each townhouse release selling out within days of launching.

&quot;We have a growing list of buyers on a waitlist, who are seeking the compelling offering of townhouse living at Woodlea,&quot; Dean said.

&ldquo;These homes come ready to move in, everything is included, even to the extent of a letterbox and fencing, which appeals to a lot of buyers. They can have the house and land dream but without the added setup costs,&rdquo; he said.

[smartcode_project:default project_id=28733 project_image_fid=167735]

Overlooking the future heritage Outlook Park, Central Quarter is within walking distance to the newly opened Woodlea Town - home to a large-scale Coles, Aintree Public Primary School, Bacchus Marsh Grammar and Woodlea&rsquo;s sport precinct, offering tennis courts, football and cricket ovals.

Currently home to 7,500 residents, Woodlea is set to see 20,000 residents move in on completion.

Woodlea Project Director Matthew Dean said that demand for townhouses in Woodlea have remained strong throughout the past year

Woodlea launches first-of-its-kind three-storey townhome collection as demand for estate booms

The Melbourne developer Riverlee has seen an interesting buyer demographic emerge at its&nbsp;luxury mixed-use Docklands development, Seafarers.

Entrepreneurs and executives have swarmed the Fender Katsalidis-designed development, which incorporates a 280 room 1 Hotel, as well as 123 apartments, which together have been dubbed 1 Hotel and Homes.

Around 70 per cent of buyers so far have been business owners or those in C-suite and executive positions.

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They&#39;ve been drawn to Seafarers, with the under construction development giving buyers the ability to customise their apartments, including adding home office spaces.

They&#39;ve also been keen on the unique inclusion of the hotel support staff, who they can lean on for tasks similar to personal assistants.

David Lee, development director at Riverlee, says they are catering to those that are accustomed to or seeking an international way of living.

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&ldquo;The hotel residence lifestyle has gained a lot of traction in places like New York and Asia, but there is a need for this type of home in Australia.

&quot;There are various residential buildings out there with features such&nbsp;as a concierge service but hotel-branded residences, particularly those with an international focus, take it to another level,&rdquo; Lee added.

&ldquo;Business owners and executives are a key target market at Seafarers with its connectivity to the city and the airport as well as the lifestyle on offer.

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&quot;Looking at hotel-branded residences globally, they hold their value extremely well, showing that their enduring appeal is also a savvy investment.&rdquo;

Residents will be able to use&nbsp;the hotel amenity, including the swimming pool, gym, sauna and spa, housekeeping and personal shopping, in home room service and wellness treatments, and 24-hour concierge services.

Residents will also have access to exclusive resident only amenities, including a rooftop BBQ and garden overlooking the Yarra River, bookable private dining rooms, and library and lounge areas.

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Around 70 per cent of buyers so far have been business owners or those in C-suite and executive positions

Entrepreneurs and executives favour hotel lifestyle as Seafarers, Docklands sales surge

Leading property developer Crown Group are offering prospective buyers&nbsp;to stay in their striking, $400 million Waterfall by Crown apartment development in Sydney&#39;s Waterloo.

Buyers will have the chance to reside in a two-bedroom plus home office apartment - fully furnished with Balinese-style interiors - as well as take in the amenities, including the heated 25 metre rooftop swimming pool and spa with views across Sydney.

The apartment is located essentially behind the colourful waterfall, the largest man made waterfall in the southern hemisphere, which&nbsp;runs all the way up one of the seven storey buildings.

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Having taken part in the Try Before You Buy offer, Urban can confirm no shattering&nbsp;water noises from the other side of the window, just soothing water sounds in the home working space.

SJB director Adam Haddow, the architect for Waterfall by Crown&nbsp;architect&nbsp;nailed the brief, which was for residents to feel like they could be anywhere in the world, yet still be just five kilometres from the city.

Crown Group chairman Iwan Sunito says it&#39;s probably the best urban resort they&#39;ve ever created.

&quot;Waterfall by Crown Group begins with the vision&nbsp;and a dream of bringing nature in to the heart of Sydney.&quot;

Sunito says that to some extent, the inspiration was from Sunito&#39;s upbringing, having been raised in the jungle of Kalimantan in Borneo.

No clunky door openings immediately greeted by lifts, rows of letterboxes or left over deliveries at Waterfall by Crown.

One of the entrances off O&#39;Dea Avenue opens to the bamboo tunnel, offering a very south-east Asia feel. The bamboo towers like an archway overhead and creates an encased canopy. The other entrance from Dunkerley Place, where parking is offered for visitors, and then through a further security gate&nbsp;for residents, is the onsite concierge and main lobby.

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Exiting the bamboo tunnel is a hotel-style tranquil lagoon with seating and summer lounge pods on the fringe. The lagoon lights up at night with a myriad of colours giving apartment dwellers who face inwards a peaceful and still private view from their balconies.

Then comes the showpiece.&nbsp;The waterfall, measuring 22 metres, streams down the side of one of the building&#39;s. It is also lit up at night.

The apartments are spacious, with the master-suite with its own bathroom tucked privately away from the living, kitchen and dining area.

The rooftop on one of the building&#39;s homes the cantilevered gym and the heated lap pool and jacuzzi with 49 jets. Also on the level is a function room and kitchen area which can be booked. Another building, all accessible even if you don&#39;t reside in that building, is a rooftop cinema with vertical green walls of around 5000 plants continuing the tropical and holiday-style&nbsp;atmosphere.

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There&#39;s, 2,600 sqm of&nbsp;tropical gardens all up, and 3,600 sqm of neighbouring pet-friendly parks. Immediately outside of the development is a retail precinct with 12 grocery, lifestyle and food and drink establishments&nbsp;including Moo Yoghurt, Just Fried Chicken, Eclat Patisserie, DJ Hair Artistry and Asian supermarket, Parasol.

The &quot;pets welcome&quot; vibe contyinues with two pet-focused stores, the dog groomer Baby Pet Studio and&nbsp;YuMiao, a cat caf&eacute; based on a model that is popular in Japan.

As to allow just qualified buyers who are in a position to purchase to take part in the scheme, Crown ask for a fully refundable $10,000 deposit for the stay.

Those who don&rsquo;t wish to proceed with a purchase will be charged a nightly rate.&nbsp;

Prices at Waterfall start from $690,000 for a studio and $825,000 for a one-bedroom apartment.

Prices rise to a three-bedroom penthouse with two car spaces which is priced at $3.75 million.

One of the entrances off O'Dea Avenue opens to the bamboo tunnel, offering a very south-east Asia feel

Crown Group offer Try Before You Buy incentive at Waterfall by Crown Group in Waterloo

<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.

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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.

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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.

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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.

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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

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