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The specialist,&nbsp;off-the-plan&nbsp;property&nbsp;sales and marketing agency are set to expand into the commercial property sector, partnering with former CBRE and Knight Frank Director to lead the business. The commercial arm will be led by Ed Wright, who previously headed the development site sales team&#39;s for CBRE and Knight Frank.

The Melbourne-based firm, founded by Matt Bracken in 1998 and joined by Andrew Hall 7 years ago, has sold over a thousand apartments &amp; townhouses for some of Australia&rsquo;s most awarded and trusted developers since its inception. The Commercial business will allow the agency to work with developers earlier in the decision making process and assist in site selection.&nbsp;

Matt Bracken told Urban, &ldquo;To be honest; it&rsquo;s been on the whiteboard for some time, but as with everything in business, timing is critical. Right now, the market needs guidance &amp; assistance from specialists to ensure purchases and projects hit the mark. We feel that this is the perfect time for us to expand our service offering to our clients &amp; the marketplace and launch Bracken Hall Commercial&rdquo;.&nbsp;

The business directors, including Ed Wright and&nbsp;Clare&nbsp;Johnston, combine for more than 67 years of industry experience. They saw an opportunity to improve the standard of service in the market and provide more value to developers &amp; buyers. The partnership has been built on many years of working together at CBRE across both the Commercial and Project Marketing divisions.&nbsp; &nbsp;

Bracken Hall Commercial Managing director Ed Wright has over 13 years of experience in the sales and marketing of commercial properties and development sites across South Australia and Victoria, marketing and transacting everything from high-density development towers in the Melbourne CBD to luxury apartments and townhouse opportunities outside of the city.&nbsp;

He&#39;s been involved in nearly $3 billion worth of transactions over his career to date.

&ldquo;We have created a business that developers have been asking for many years now; a specialist business with real market experience &amp; knowledge&rdquo;, Wright said. &ldquo;We have our finger on the pulse and can be more personal with a buyer or seller and more reactive, adding value in real-time&mdash;which is what is needed in the current market.&rdquo;

Bracken Hall Project Sales are currently marketing Gramercy Terraces, the boutique&nbsp;Richmond townhouse&nbsp;project developed by Lendlease at the site of the former&nbsp;Nine Network&nbsp;studio on&nbsp;Bendigo Street&nbsp;and Willow, Brighton, developed by&nbsp;Samuel Property, among other projects.

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The commercial arm will be led by managing director Ed Wright, who previously headed development site sales team's for CBRE and Knight Frank

Joel Robinson

Bracken Hall launch commercial arm

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.

They&#39;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.

A Sydney buyer, who already has a full floor apartments on the exclusive Garfield Terrace,&nbsp;secured a 610 sqm, full floor apartment in the development.

Sammut Group Director Allen Sammut said the inquiry for the project had been something he had never seen in more than 35 years in the development industry.

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&ldquo;The take up has just been incredible,&rdquo; said Sammut, whose Sydney-based company&rsquo;s brand is synonymous with luxury apartments in the Sutherland Shire area.

&ldquo;We were confident that our luxury residential offering would be well received, although we never anticipated the sheer volume of market uptake we&rsquo;ve witnessed in the past few weeks.&rdquo;

&ldquo;To have our debut Gold Coast project welcomed with such ferocity is a sensational result that only reinforces our commitment to delivering a project that exceeds our buyer&rsquo;s expectations on every front,&rdquo; Sammut added.

There was interest from interstate and local buyers, as well as a purchaser from New Zealand.

&ldquo;The contracts will obviously be subject to DA approval however the project is code assessable and therefore well within the requirements of the town plan.&rdquo;

Coast, designed by PBD Architects and set to soar 35 levels in to sky, will have a wide range of resident amenity, including 32m wet edge pool that wraps from the east to north, wellness facilities including a yoga studio, massage rooms and sauna, function facilities, a residential beach bar and a commercial sized gym.

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&ldquo;We threw the whole box and dice at the design of this project because we believe the site was purchased well, and the quality of what we have included in Coast from both luxury apartments and amenities has simply tantalised the market,&rdquo; Sammut said.

Sammut Group Director Allen Sammut said the inquiry for the project had been something he had never seen in more than 35 years in the development industry

Sammut nearly sell-out Surfers Paradise apartment tower just three weeks after lodging DA

Plenty has happened over the last month in the South East Queensland apartment and townhouse market.

Media Hunt managing director Steve Hunt has given an update of all the property moves&nbsp;across the booming Queensland markets.

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Plenty has happened over the last month in the South East Queensland apartment and townhouse market

Steve Hunt's latest Brisbane, Gold Coast and Sunshine Coast apartment and townhouse update  

The Sydney developer ALAND has seen a flurry of sales at two of their Greater Western Sydney developments, as investors continue to&nbsp;look away from the regional areas and invest closer to the city.

ALAND&#39;s Greater Western Sydney projects Schofield Gardens in Schofields, near Kellyville,&nbsp;and their Liverpool development Hoxton, have seen a sharp increase in investor demand.

Data from My Housing Market found that area&#39;s such as Wollongong to the south of Sydney and Newcastle and Central Coast to the north see rental yields in the mid three percent range, when calculating the area&#39;s median property price and median rental price.

ALAND&#39;s Schofield Gardens development has investors seeing gross rental yields topping 4.7 per cent.

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&ldquo;What Sydney property investors don&rsquo;t realise is that they can make much more money in their own backyard than they can in regional areas, while taking advantage of what will probably be much higher capital gains,&rdquo; ALAND sales director Mark Bernberg said.

&ldquo;Sydney&rsquo;s western suburbs are ripe with investment opportunities and no shortage of rental demand.

&quot;Investing in a freshly-built apartment saves many headaches as well, with next to no maintenance required for the first few years of its life.&rdquo;

Schofield Gardens will home one-, two- and three-bedroom apartments on Grima Street, opposite Schofield&#39;s Woolworths and train station.

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Prices at Schofield Gardens start from $450,000 for a one-bedroom apartment with parking. Two beds are priced from $550,000 and three-bedroom apartments from $699,000. Completion is slated for mid-2022.

The Schofields Precinct was rezoned by the NSW government in 2012 and new planning controls were put in place to allow for urban development, which the government said at the time would include nearly 3,000 new homes.

ALAND are also seeing investor demand creep back in to their Liverpool apartment tower The Hoxton.

The 32-level tower in the heart of Liverpool, again a short walk from the closest train station, will home 331 apartments.

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One bedders in The Hoxton start from $480,000, two-bedroom apartments from $523,000 and three bedroom apartments from $677,000. ALAND also have a mid-2022 completion for The Hoxton.

In 2019, the NSW Government said that population growth for the Liverpool area was expected to increase 26 per cent over the next decade.&nbsp;

The increase in investors in Greater Sydney comes after Knight Frank Research Australian residential development review 2021 found that the&nbsp;Greater Sydney apartment pipeline is tipped to plunge by 2024 by nearly 50 per cent.

The 36,275 new apartment developments to be completed over the next three years are set to be well below the 67,925 recorded in the prior 2018-20 period.

ALAND's Greater Western Sydney projects Schofield Gardens in Schofields, near Kellyville, and their Liverpool development Hoxton, have seen a sharp increase in investor demand

ALAND see investor demand spike in Greater Sydney apartment projects

Construction has began at Ention Properties boutique Taringa apartment development&nbsp;Déesse in Brisbane's inner-ring.

Ention, founded by Trent Thoroughgood and Dion Smith in 2013, have appointed Groupline Constructions to handle the build of the Hayes Anderson Lynch-designed development of eight, which is expected to take around 12 months to build. Completion is slated for June 2022.

The low-rise project was&nbsp;built on an elevated Swann Road site which allows it to take in views of the city skyline to the north east and panoramic hinterland views from the rear.

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Boutique apartment blocks like&nbsp;Déesse are at the top of enquiry lists for many, with record price gaps between apartments and houses pricing a number of buyers out of the housing market.

The development only has three or four bedroom apartments, with floorplans ranging from 184 sqm to 283 sqm.&nbsp;

Ention director Trent Thoroughgood said they took collective feedback from customers and workewd with Hayes Anderson Lynch and Colliers to put the knowledge into the design of&nbsp;Déesse.

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"Our vision has been to design a truly boutique building that will sit proudly amongst some of Brisbane’s most elite homes, and ticks all of the boxes for a discerning owner occupier with larger apartments and more amenity"

Each of the eight apartments&nbsp;share a maximum of one common wall, with just two apartments per floor.

The development is crowned by an amenity-laden rooftop with a&nbsp;wet edge swimming pool, lounge deck, barbecue and outdoor dining area and lawn, all with city&nbsp;views.

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The three bedroom apartments start from $1.53 million, and the four bedroom apartments from $1,895,000.

Colliers are marketing the project.

The low-rise project was built on an elevated Swann Road site which allows it to take in views of the city skyline



Construction starts on Ention's Taringa apartment development Déesse

The transformation of the Gold Coast suburb&nbsp;Hope Island by the local developer Aniko Group is set to continue.

Aniko, led by the experienced developer George Mastrocostas, has secured approval to go ahead with another development on Sickle Avenue, the gateway to one of the smallest islands in area.

The newest $125 million development, which follows the booming success of the sold-out, $140 million No.1 Grant Avenue which is located across the road, will add another 185 apartments to Aniko&#39;s local portfolio.

Mastrocostas said the company was extremely keen to fast track its latest project due to the success at No.1 Grant Avenue.

&ldquo;The Sickle Ave site was an exceptional opportunity for us to bring our signature product to a market that is ablaze with demand for residences set on a waterfront position within the centre of Hope Island,&rdquo;&nbsp;Mastrocostas said.

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&ldquo;We witnessed a phenomenal level of buyer interest the moment 1 Grant Avenue hit the market. This spurred us to quickly react and offer a continued supply of luxury apartments to the rising demand of both interstate migrators as well as local downsizers.&rdquo;

The two-staged residential waterfront project designed by Archidiom&nbsp;will span eight levels at 6-8 Sickle Avenue.&nbsp;

There will be 16-one bedroom apartments, 153 two-bedroom apartments and 16 three bed sky homes, with an floor plate for the latter anywhere&nbsp;between 170 sqm to 260 sqm.

&ldquo;Our residences have catered to a broad market of buyers, from the interstate migrants to local downsizers or luxury upgrader,&quot;&nbsp;Mastrocostas adds.

The Sickle Avenue development will reserve&nbsp;60 per cent&nbsp;of the site to open land and greenery.

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&ldquo;We were determined to find an innovative way for residents to enjoy the best of water and park front living with all the luxury touches and modern amenity encapsulated in apartment dwelling,&rdquo; said Mr Mastrocostas.

&ldquo;We have become widely recognised for our ability to redefine the conventional rules of apartment living, and this project is set to carry that formula into a refreshing approach to high density living.&rdquo;

Sickle Avenue is set to hit the market July 1. Aniko are hoping to get sign off for marina berth&#39;s for a handful of the apartments.

About the developer 
 
Aniko is proving to be an unstoppable force in the residential market with additional plans in the pipeline to deliver a spectacular townhouse project in the Hope Island area later this year.

Founded by property veteran George Mastrocostas, who possesses over two decades&nbsp;years in the real estate industry, Aniko Group has established itself as one of South-East Queensland&rsquo;s leading developers of innovative, luxury residences and commercial properties.

Aniko boss George Mastrocostas said the company was extremely keen to fast track its latest project due to the success at No.1 Grant Avenue

Aniko Group secure approval for more apartments in Hope Island transformation

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.

They&#39;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 Cottee Parker Architects totalling&nbsp;96 apartments.

The main residential tower will have 72-two bedroom apartments and 19-three bedroom apartments across 12 levels.

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Located at the front of the precinct will be the more boutique tower of just eight levels, home to five three bedroom apartments and one four bedroom penthouse.

The crowning glory of the development in Club Esprit, a rooftop residents only rooftop and wellness space in the main tower.

The rooftop features a lap pool with day beds and spa and&nbsp;a full wellness centre with gym, sauna, steam room, ice bath and treatment room.

There&#39;s a relaxation lawn, a communal kitchen with large dining space, bar, and private dining terrace with barbecue facilities which can be hired. There&#39;s also two communal barbecue facilities next to a playground lawn.

S&amp;S director Paul Gedoun says he has&nbsp;a fundamental belief in the southern Gold Coast, off the back of the exceptional success&nbsp;in Flow and Awaken.

&ldquo;Our vision for our projects looks to enhance the community feel, creating dwellings that are in line with our liveable luxury trademark,&quot; Gedoun says.

&ldquo;We expect that this project will provide a positive impact in the local community with the amalgamation of several sites providing a master-planned approach to the area.

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&ldquo;We always strive to deliver high quality owner-occupier residences in prime locations, respecting the sense of community ownership and the surrounding environment and we&rsquo;ve taken that vision to a new level with Esprit.&rdquo;

S&amp;S have seen great success at their nearby Awaken Residences at Rainbow Bay, where their recent $8.15 million sale of the two-level penthouse was the highest apartment sale recorded south of Mermaid Beach.

Only four of Awaken&rsquo;s nine expansive whole floor apartments now remain, each set to go for upwards of $4 million each after more than $20 million in sales in the first five apartments to predominantly local and interstate buyers.

Flow Residences was named Australia&rsquo;s fastest selling beachfront apartments following their $74 million sell-out in late October with apartments selling at an average $3.5 million.&nbsp;Construction is underway and is due for completion in 2022.

Esprit Design Statement

In the design statement submitted to the Gold Coast City Council, Cottee Parker Architects call Esprit &quot;a unique architectural offering at Rainbow Bay, that is directly inspired by the rock pools and formations this part of the world is known for.

&quot;The proposed development at 217-227 Boundary Street is a premium one of a kind development, comprising of two interconnected buildings across two street frontages.

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&quot;Surrounded by dramatic natural beauty, Esprit draws upon its context to create a design that encapsulates the desirable sub-tropical lifestyle of the Gold Coast. Boundary Street The building&rsquo;s design is inspired by nearby Snapper Rocks and the pockets of tidal pools formed over time.

&quot;Tinted glazing emulates the tranquil reflective waters, separated by striated layers of rock, represented by the facade&rsquo;s horizontal banding. These horizontal elements layer across the building facade to form balcony edges that grow and build at the edges.

&quot;Within these sheltered edges, landscaping grows to provide a small garden space to each unit, just like the pocket parks that are scattered throughout Coolangatta.&quot;

The crowning glory of the development in Club Esprit, a rooftop residents only rooftop and wellness space.

First look: S&S Projects lodge plans for mixed-use Coolangatta development Esprit

Perth has long had a problem with the size of apartments for downsizers.

That&#39;s the view of&nbsp;Abel Property sales agent Gethen Sullivan, who&#39;s&nbsp;been&nbsp;marketing off the plan and established apartments for the best part of two decades in Perth.

&quot;The overwhelming feedback from apartment buyers is that the internal size, and specifically the master bedrooms, are always too small,&quot; Sullivan suggests.

&quot;This is the case for the majority of developments in Perth.&quot;

Sullivan has recently started marketing apartments at 66 Jersey Street,&nbsp;a boutique Jolimont development&nbsp;near Subiaco, where the floor plates are around 50 per cent larger than any other two and three bedroom apartments on the market in Perth.

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&nbsp;

&quot;For me, after I studied the floor plans and strata plan for this project, it is something that I couldn&rsquo;t wait to be involved in selling,&quot; Sullivan says.

Designed by SPH Architects, the two bedroom apartments span 146 sqm and start from $755,000. The master bedroom is spread across 23 sqm alone.

The three bedroom apartments, which offer over 265 sqm, start from $1,375,000. They have a 30 sqm master suite.

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Sullivan says the apartments are 100 per cent geared toward owner-occupiers.

&quot;They are largely aimed at people looking to downsize from a house to the security of an apartment, without sacrificing space,&quot; Sullivan says.

&quot;The developers of this project themselves are architects. They designed the floor plans to be something they themselves could/would live in.&quot;

The local construction firm Kastle are set to start the build later this year, with completion slated for Q3 2022.

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Perth has long had a problem with the size of apartments for downsizers.

Biggest apartments in Perth hit the market

The Cronulla mall is set for a $350 million facelift, with the Sydney developer Sammut Group set to create a new mixed-use retail and residential precinct.

The mixed-use urban renewal project at the northern end of the Cronulla Mall, which the&nbsp;Sutherland Shire Council calls the Northern Gateway site, will see the old retail and commercial and retail space renovated and extended.

The 5,225 sqm development, called Vue, will also home&nbsp;122 one, two and three bedroom apartments, developed above the shopping precinct.

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&ldquo;This is a game-changing development that will provide the catalyst for the future revitalisation and growth of the Cronulla CBD,&rdquo; Sammut Group director Allen Sammut said.

&ldquo;It&rsquo;s a pivotal project for the area, particularly the many businesses in Cronulla that have been struggling in recent years.

&ldquo;We&rsquo;re extremely excited and eager to see our vision for this iconic gateway site come to life, ushering in a new era of optimism and opportunity for Cronulla.&rdquo;

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There will be 885 sqm of commercial space, as well as&nbsp;speciality shops, restaurants and full-line major supermarket brand Harris Farm Markets, set to become their flagship store.

It&#39;s the same location where there was a 20-level tower proposed back in 2017 by a different development group.&nbsp;

About the developer

Established as Sammut Constructions by Paul Sammut over five decades ago, the family-owned business is now headed by sons Allen and John, and grandson Julian Sammut, who have evolved the business into &lsquo;Sammut Group&rsquo;.

They have won over 40 major industry awards for their projects and have an extensive portfolio&nbsp;in the New South Wales market and the local market with Banc, Loft, Breeze and Drift all developed in the Sutherland Shire.

Sammut are developing Vue with the Sydney-based investment group Alceon, who they are also teaming up with for the <a href="/news/qld/tower-reveal-sammut-lodge-plans-for-200-million-surfers-paradise-apartment-tower-coast">$200 million luxury Surfers Paradise development</a>.

The 5,225 sqm development, called Vue, will also see 122 one, two and three bedroom apartments developed above the shopping centre

Sammut Group's $350 million mixed-use development Vue to change Cronulla CBD

Some of the most sought-after developments over the last six months have been in the small Gold Coast enclave of Kirra Beach.

Miles Residences, the residential arm of the KTQ&#39;s Group&#39;s $380&nbsp;million redevelopment of the Kirra Beach Hotel, had the area abuzz with interest late last year.

More recently there was the quick-fire sell out of Spyre Group&#39;s Cala Dei, the&nbsp;redevelopment of the Komune Resort around the corner.

And now the Gold Coast developer Marquee Development Partners are set to put their stamp on the area, with plans approved by the Gold Coast City Council for a new residential tower.

The tower, dubbed SOL Kirra Beach located at&nbsp;133-135 Musgrave Street, will rise 11 levels and have 46 two, three and four bedroom apartments.&nbsp;

Not set to launch to the market until June 26, Marquee have already been inundated with enquiries from their database, some 1,600 prospective buyers over the last few weeks.

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&ldquo;We&rsquo;ve witnessed an astounding level of interest for our latest project in Kirra within mere weeks of receiving council approval,&rdquo; said Marquee Development Partners sales director Azura Griffen.

&ldquo;This Kirra site is absolutely magnificent, and we&rsquo;re excited to do it justice by delivering our signature luxury residences that package the Gold Coast dream into an ultra-desirable home.&rdquo;

The award-winning, Brisbane-based architecture firm&nbsp;Arkhefield have created&nbsp;the tower, with the primary focus to capture the view corridors of Kirra Beach, Kirra Headland, Pacific Ocean, and Coolangatta&nbsp;from its elevated headland position.

Arkhefield drew inspiration from the surrounding natural landscapes of Kirra, Greenmount and&nbsp;Snapper to inform the composition &ndash; reflecting the ocean meeting and&nbsp;shaping the land.

Each balcony is designed to capture the unique ocean views.&nbsp;

The resident amenity was inspired by Palm Springs and&nbsp;the iconic 60&rsquo;s Gold Coast aesthetic. The pool area is surrounded by mature landscaping, poolside lounges, sunbeds and&nbsp;cabanas. There is also an outdoor lounge, dining room and barbecue facilities.

SOL is the last development on the Kirra Headland, with Marquee acquiring&nbsp;the site from a family who had been at the Musgrave Street property for over 45 years.

About the developer

Marquee Development Partners are renowned on the Gold Coast for creating award winning residential projects.

SOL will mark the company&rsquo;s eighth project on the Gold Coast, winning the Master Builders Award for best medium density building in Queensland and the Gold Coast in 2020, bringing its total investment on the coast to over $450 million.

Marquee are also behind the luxury Shoreline development between Main Beach and Surfers Paradise, and One Cannes on Chevron Island.

SOL is the last development on the Kirra Headland, with Marquee acquiring the site from a family who had been at the Musgrave Street property for over 45 years

Marquee Developments prepare SOL Kirra Beach launch

<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.

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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.

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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.

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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;

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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.

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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

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