The Monaco is the set to take centre stage at Main Beach on the Gold Coast when it&#39;s completed at the end of 2022.

The 24 level, glass-wrapped tower&nbsp;designed by Rothelowman&nbsp;will home just six half floor apartments, 17 full floor apartments and a double storey penthouse.

Urban sat down with Josh Foote, managing director of&nbsp;Ignite Projects who are developing the building,&nbsp;to discuss the project.

JR: What are the highlights of The Monaco and what do you think will attract buyers to the project?

JF: The Monaco offers a level of luxury rarely seen in apartments on the Gold Coast. We offer the ability to customise large sections of the 388m2 apartment to really make the home perfect for you. Every buyer can completely design their own dream kitchen, with the expertise of our interior designer on hand.&nbsp;

[smartcode_project:default project_id=26730 project_image_fid=83445]

JR: Why did you choose to target the ultra-luxury buyer? Did you see a gap in the market?

JF: I saw the emergence of some ultra-luxurious apartments in our capital cities and realised no-one was delivering this level of project apartment on the Gold Coast.&nbsp; We have some amazing houses here, but the downsizers were selling these and had no comparable apartments to move to.&nbsp; I wanted to offer the next level for apartment living and really raise the bar for Gold Coast apartments.

[smartcode_project:default project_id=26730 project_image_fid=83448]

JR: What did you like about the site?

JF: I just felt like Main Beach was ready for its resurrection and the renaissance was imminent, so I had my focus there.&nbsp; When this site popped up, I knew it offered the best of both the Marina and ocean views and the best thing is the views will never be built out.&nbsp; It ticked so many boxes for a sellable high-end location.

JR: What was the brief for Rothelowman?

JF: Celebrate the views. Bring the &lsquo;wow&rsquo; and push the design limits of a 6-star luxury hotel.

[smartcode_project:default project_id=26730 project_image_fid=83447]

JR: Why the name &lsquo;The Monaco&rsquo;?

JF: The name refers to a number if elements that all relate the principality of Monaco.&nbsp; When anyone thinks of Monaco they think of luxury and that is what our building will always have with the quality we have invested and the calibre of our buyers.&nbsp; The original idea with the sky garage and sports cars tied in with the Monaco Grand Prix and even now the calibre of the cars that will be parked in the garage will still reflect the style and quality of European motor racing.

[smartcode_project:default project_id=26730 project_image_fid=83446]

JR: Who do you think will be most interested in The Monaco?

JF: Our current buyers come from all parts of Australia but they all have one thing in common, a taste for quality and style.&nbsp; This building appeals to people who are looking for a really high level of quality and something that is quite unique from other projects.&nbsp; They will, like The Monaco, stand out from the crowd.

JR: What made you choose the Gold Coast after success in New Zealand?

JF: I was looking for a change, and a location that had good project opportunity, great weather, friendly people and an amazing lifestyle, which is hard to find.&nbsp; I&rsquo;ve travelled extensively all over the world and there are very few places that match the GC.

JR: Do you have any other projects in the pipeline?

JF: After the recent sell-out of Cabana in Palm Beach and the imminent sell out of The Monaco, naturally I&rsquo;m looking for another project, especially in the current climate.&nbsp; It&rsquo;s a competitive market out there right now but there are a couple of great beach front sites I&rsquo;m working on.&nbsp; It&rsquo;s all about the sand for me.

The 24 level, glass-wrapped tower designed by Rothelowman will home just six half floor apartments, 17 full floor apartments and a double storey penthouse

Joel Robinson

What buyers need to know about The Monaco: Five minutes with Ignite Projects director Josh Foote

The Sydney born real estate agent Andrew Ramsey has been selling property on the Gold Coast for the last 15 years since moving from the Harbour capital.

And in that time Ramsey has seen the area evolve in to a world class destination.

&quot;The Gold Coast is no longer that transitional city that people used to consider for a short-time&quot;, Ramsey says.

&quot;The Gold Coast is now sophisticated, world class even, with its world class sporting facilities, shopping centres and golf courses.

&quot;It&#39;s a playground everyone wants to enjoy.&quot;

And that&#39;s certainly the case,&nbsp;as the Gold Coast has become one of the most sought-after areas in the country.&nbsp;Vacancy rates are currently less than one percent, according to SQM Research.&nbsp;In comparison, Sydney&#39;s vacancy rate is over three per cent and Melbourne&#39;s over four per cent.

<a href="/developments/gold-coast-qld?source_news_article_id=96596&amp;ref=news_body_link"><img alt="" height="797" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gc_newest_tile_jpeg_0.jpg" width="1200" /></a>

&quot;People are buying things they wouldn&#39;t normally buy&quot;, Ramsey says.

&quot;There&#39;s huge demand for off the plan and existing apartments, the trouble is there&#39;s not enough existing that is top quality.&quot;

Ramsey marketed White Main Beach, the 27 level tower from developer White &amp; Partners, which saw 80 per cent of its apartment sales go to locals at an average price point around $2.9 million.

Only three apartments are left. Each apartment in the development spans a whole floor and has 325 sqm of living space.

[smartcode_project:default project_id=22056 project_image_fid=141004]

Ramsey said owner-occupiers wanted the big apartments that White offers in a boutique residential building, with downsizers keen on not having the expenditure and hassle of maintaining a house.

&quot;People are wanting to get away from holiday apartments as lifestyle is king, which is why there&#39;s been higher demand in the more premium end of the market,&quot; Ramsey says.

Ramsey has a few apartments left in Infinity, the Bassar Group&#39;s Broadbeach project of 60 apartments.

Construction has commenced on the 39 level tower designed by BDA Architecture. Another residents only tower, Infinity will feature private resident facilities including a 20m north facing pool with daybed area, a&nbsp;gym, alfresco BBQ space&nbsp;and multiple entertaining areas.

Prices for the remaining apartments start from $1,347,000.

[smartcode_project:default project_id=9748]

When discussing the&nbsp;current boom conditions, Ramsey doesn&#39;t see a slow down anytime soon, with further opportunities to open up when international travel returns to normal.

&quot;We haven&#39;t seen the overseas market,&quot; Ramsey says, adding that people are watching Australia and wanting to move here due to its response to the COVID-19 pandemic.

&quot;Research shows there is still a huge undersupply of apartments and demand is still well outstripping supply.&quot;

The demand has&nbsp;been seen across the board, from Palm Beach and Coolangatta as far north as Mermaid Beach.

"The Gold Coast is no longer that transitional city that people used to consider for a short-time", Ramsey says.



The Gold Coast is no longer a transitional city: Five minutes with Kollosche agent Andrew Ramsay

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Matheson on Kearns in Perth's Ardross is approaching sell-out as the apartment development nears completion.

The project of 46 apartments, developed by Megara and designed by the local Maine Architecture, only has nine apartments remaining, with 80 per cent sold before its predicted Spring 2021 completion date.

Pulse Property Group agent Jared Rayner said the local infrastructure and amenities had been the key to a number of different buyer demographics.

[smartcode_project:default project_id=7778]

"The majority of purchasers have been local downsizers who wanted to be a part of a smaller boutique development where they have still have access to shops, cafes, restaurants across the road," Rayner said.

"The attraction to not only the downsizer market place but wider buyers across the development has been the easy access to public transport links and local amenities for all demographics to enjoy."

The development sits less than two kilometres from Garden City shopping centre and also has three ground level retail and commercial spaces.

<a href="/buildings/matheson-on-kearns-22-24-kearns-crescent-ardross"><img alt="" height="1084" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/matheson_2.jpg" width="1800"></a>

Matheson on Kearns has a nod to the history of the suburb of Ardross, with the name a nod to the Scottish explorer Sir Alexander Percival Matheson, who subdivided the adjoining suburb of Applecross, creating the name Ardross Street.

It is said it was named after the town of Ardrossan on the Scottish west coast or Ardross Castle, near Inverness.

One bedroom apartments in Matheson on Kearns start from $445,000. Two beds are priced from $599,000 and three bedders from $749,000.

<a href="/buildings/matheson-on-kearns-22-24-kearns-crescent-ardross"><img alt="" height="1080" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/matheson_3.jpg" width="1800"></a>

Rayner's says the Perth off the plan market has seen strong demand since coming out of COVID-19, with a number of local, interstate and international buyers looking to acquire property in the Perth Metro area.

"Buyers feel the market is improving and the attraction they can see with this building is the fact that it has reached its final sixth Penthouse level and this has given buyers confidence this project will be finished on time."

About the developer

Megara is fast becoming one of Western Australia's leading boutique developers, identifying locations with outstanding potential in lifestyle and growth. 

As well as Matheson on Kearns, Megara have Maraboo Island, a 52 apartment development in Port Coogee under construction, as well as 30 apartments known as The Foundry in Leederville.
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Matheson on Kearns in Perth's Ardross is approaching sell-out as the apartment development nears completion

Megara's Matheson on Kearns approaches sell-out

Melbourne&#39;s inner-eastern suburbs, from Fitzroy North to Cremorne in the south, has&nbsp;undergone a&nbsp;gentrification over the last five years, but has still retained its affordability and its industrial charm.

The spill from the bustling&nbsp;Richmond, the hub of the inner-east, has seen neighbouring suburbs enjoy a rejuvenation of the old warehouses of the past. They now home&nbsp;craft breweries and cool restaurants which are&nbsp;driving the appeal.

And the inner-east&#39;s affordability, just&nbsp;north of the pricey Stonnington LGA, and its proximity to the CBD, has buyers keen on moving in to the area.

Urban has had a look at two of the best&nbsp;brand new, ready to move in apartments in the inner-east.

Park House, Abbotsford 
Prices: Starting from $505,000

The Park House is the newest development by the Salta Properties, one of Australia&#39;s largest privately owned companies.

[smartcode_project:default project_id=4136 project_image_fid=156385]

The Park House location is one of its standout features. Its Victoria Street address puts The Park House on the banks of the Yarra River, as well as directly opposite Kew and Studley Parklands, all still just three kilometres to the CBD.

<blockquote>
&quot;Set on the Yarra River, Park House provides the opportunity for residents to explore the local surroundings in all its beauty with the Yarra Trail, Boat House and Tea Garden and Melbourne&rsquo;s best open-access golf course, Yarra Bend around the corner.&nbsp;

&quot;With tram routes 12 and 109 on the doorstep of Park House and North Richmond station just a short walk away, travel to and from the CBD is a breeze creating an easy commute for those working in the city. &quot; 
Salta&#39;s managing director Sam Tarascio 
</blockquote>

The nine level building has been designed&nbsp;by SJB Architects and is finished with interiors by Sue Carr at Carr Design Group

&ldquo;The design team was determined to create buildings of dynamic and identifiable character&hellip;located within a significant precinct along the Yarra River,&quot; one of SJB&#39;s founding directors&nbsp;Michael Bialek says.

Each apartment features Gaggeneau appliances in the kitchen, engineered oak floors and marble-effect stone.&nbsp;

[smartcode_project:default project_id=4136 project_image_fid=156269]

The sustainable 6+ energy rated development includes a number of resident only amenities, including a swimming pool and gym, cinema, a lounge and library space, kids play hut, bike workshop and even a golf simulation room.

There are only one and two bedroom apartments&nbsp;left, with one beds priced from $515,000 and two bedroom apartments from $740,000.

Coppins Corner,&nbsp;&nbsp;Cremorne 
Prices: Starting from $462,000

Coppins Corner is the newest Cremorne development&nbsp;by Caydon, who are transforming the&nbsp;former Nylex site&nbsp;into The Malt District,&nbsp;a&nbsp;mixed-use residential and commercial development that retains elements of its industrial past.

[smartcode_project:default project_id=3075 project_image_fid=155325]

Coppins Corner is stage one of the project, and has a&nbsp;historical local&nbsp;reference to the 1850s Richmond and&nbsp;Cremorne&nbsp;identity George Coppin.

The split-level tower of 15 and 12-storeys, designed by Fender Katsalidis, homes&nbsp;209 one, two and three bedroom apartments,&nbsp;with&nbsp;retail and hospitality located on the lower levels.

<blockquote>
&quot;The iconic nature of the site, paired with the location being within close proximity to Melbourne&rsquo;s CBD and sporting precinct has attracted many buyer types to The Malt District.

&ldquo;Whether you&rsquo;re an upgrader, a downsizer or a first home buyer, there&rsquo;s something pretty special about owning an apartment within a precinct that is quintessentially Melbourne.&rdquo;

Caydon&#39;s sales and marketing director Steve Williams
</blockquote>

Residents will have access to the health club, where there&#39;s a state of the art gym, relaxation centre, steam room and sauna, as well as a meditation room and&nbsp;massage pod.

The rooftop features a lush garden with outdoor seating, undercover barbecue facilities and a kitchen.

Prices start from $462,000 for a one bedroom apartment, from $695,000 for the two bedders and the three bedroom apartments from $1.4 million.

[smartcode_project:default project_id=3075 project_image_fid=155313]

VCON win $50 million contract to build Landream and V-Leader's Brighton apartment development The International

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Local developer Pierce Property have appointed the award-winning construction company Dymanic Projects to build their $14 million luxury development Riserva in Sydney's Cammeray.

Dynamic, established in 2009, have won a number of Master Builders awards and have built boutique developments before in the nearby Neutral Bay and Mosman, as well as building the Westfield in Canberra's Belconnen.

They'll start construction on the boutique development of 18 apartments designed by DKO on Sydney's lower north shore soon, with completion slated for late 2022.

Already half of the Riserva apartments have been snapped up by owner-occupiers.

[smartcode_project:default project_id=13951]

Pierce Property director Andrew Zhao said Dynamic Projects has an excellent reputation and a solid track record having delivered several similar boutique, high-end developments to an exceptional standard.

"The company’s workmanship is remarkable which aligns with our principles at Pierce Property in striving to deliver an unmatched quality for our buyers,” Mr Zhao said.

Ray White Projects managing director Eddie Mansour said Riserva Cammeray offers an exclusivity highly sought after in this part of Sydney’s prestigious lower north shore.

<a href="/buildings/riserva-63-carter-street-cammeray"><img alt="" height="1120" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/riserva_cammeray.jpg" width="1600"></a> Riversa's facade, designed by DKO. Image supplied

“With construction soon to be underway, buyers can plan to move in to their immaculate new homes by late 2022,” he said.

“Riserva Cammeray is the ultimate downsizer or empty-nester opportunity where lifestyle is really at the top of mind – a highly private and exclusive address, with sweeping views of Middle Harbour and tree top canopies – all within six kilometres to the Sydney CBD.”

The five level development has just a handful of two and three bedroom apartments remaining. Two bedders start from $1.6 million, while three bedrooms start from $2.29 million.
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Already half of the Riserva apartments have been snapped up by owner-occupiers

Construction looms at the luxury Riserva Cammeray as builder appointed

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Developers are circling a potential residential development site in Mermaid Beach ahead of its late April auction.

The site, at 2417-2419 Gold Coast Highway, was the original Gold Coast Highway Mermaid Beach Motel, dating back to the 1960s. It was also previously known as the Castle Motor Inn, or to locals The Castle.

But its prime 817 sqm position, just 250 metres from the beach, is interesting developers who are struggling to find development sites for their next projects in the booming Gold Coast market where current stock is flying off the shelves.

Harcourts Coastal agent Jared Johnson, who is marketing the property alongside Lachlan Marshall and Guy Powell, says they've already received 130 enquiries.

"Nearly all of the enquiry has come from developers who are scoping out future residential developments", Johnson says, adding that currently there are little to no opportunities around the area to secure such a prominent location.

Currently the building is 100 per cent leased to eight tenants, with an annual income of $147,420 fully leased. But a projected total income per week is closer to $190,000, once the current leases expire.

The site goes under the hammer April 24. For more details contact:

<ul>
<li>Jared Johnson of Harcourts Coastal Commercial</li>
	<li>0423 386 939 | j.johnson@coastal.com.au</li>
</ul>
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Harcourts Coastal agent Jared Johnson says they've already received 130 enquiries.



Developers descend on rare Mermaid Beach development site

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The demand for apartments in Perth is as high as anywhere in the country, and has been one of the market leaders across the capitals during 2021.

Apartment values rose 3.8 per cent in Q1 2021, outperforming all capitals except for Hobart, according to CoreLogic, with demand continuing to rise across the sector.

The soaring house prices in Perth are contributing to the demand for apartments, with homeowners jumping on the opportunity to sell in the current climate.

Gavin Hawkins, director of the Perth-based developer Edge Visionary, says Edge are seeing many buyers taking advantage of the positive market conditions to put their house on the market.

Hawkins has seen it first hand at Edge's west Perth development Eden Floreat, which has been a hit with downsizers.

[smartcode_project:default project_id=7761]

Edge have recently completed the first stage of the development known as Eden West. Designed by Hillam Architects and built by BGC Construction among the treetops at Perry Lakes, Eden West is made up of 101 apartments over five levels.

"Eden West represents a timely opportunity for them to transition into an apartment lifestyle," Hawkins says.

"At Eden, residents have the same, or arguably better, amenities than those of an extravagant home, without the maintenance and ongoing costs."

The landscaped central courtyard features a 25m heated lap pool, spa, sauna, steam room, yoga studio, gymnasium, cinema, sunset terrace, formal and alfresco residents’ lounge with fireplace and wine cellar, and games room.

<a href="/buildings/eden-apartments-1-finishline-view-floreat"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/eden_2.jpg" width="1200"></a> Eden Floreat's lap pool. Image supplied

There's also parkside café, Eden by Cup &amp; Co, the first-of-its-kind café in Perry Lakes.

Hawkins says Eden Floreat has been popular with local downsizers due to the size of the apartments.

Eden West secured 80 per cent of its apartment sales before construction was complete having launched in 2019. The second stage of Eden Floreat, Eden East is due for completion in December.

There are only three and four bedroom apartments and penthouses, and private two-storey townhouses available at Eden Floreat, with prices starting from $995,000. 

About the developer

Edge Visionary Living is an award-winning developer with numerous apartment projects in and around Perth. These include award-winning Botanical in Subiaco, Vantage Riversedge in Rivervale, Arthouse in Joondalup, and Lumiere South Perth and Riviere Residences in Applecross, which are coming soon.
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The soaring house prices in Perth are contributing to the demand for apartments, with downsizers seeing the opportunity to sell

Perth house and apartment boom sees downsizers flock to Eden Floreat

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The Gold Coast developer Marquee Development Partners has secured a sell out of its Chevron Island apartment development The Catalina.

It comes as demand continues to soar in the Gold Coast apartment market, with Marquee's nearby development Shoreline, nestled between Broadbeach &amp; Surfers Paradise, seeing plenty of enquiry.

The Art Deco-inspired The Catalina, designed by BDA Architecture, comprises 75 apartments across its nine levels and also homes a pool, gym, private dining and rooftop residents club.

The final sale was to a local university staff member who paid $855,000 for a 191 sqm, three bedroom apartment with views over the Nerang River.

The Catalina is due for completion in Q4 2021 and will be Marquee's second building developed on Chevron Island. In 2020 they completed their 61 apartment project Stanhill, which won the 2020 Master Builders Award for best Residential Building in both the Gold Coast and QLD.

The Catalina project averaged mid $500,000’s for quality two bedroom, two bathroom apartments and mid $700,000’s for three bedroom, two bathroom apartments," Marquee's sales director Azura Griffen said.

“This project demonstrates that there is a local market demand for projects that offer value and are within reach of their borrowing capacity," Griffen added.

"It offers purchasers the opportunity to have access to well-priced real estate with a Surfers Paradise address," Griffen said.

<a href="/buildings/the-catalina-258-stanhill-drive-surfers-paradise"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_catalina_lobby.jpg" width="1800"></a> The entry lobby in The Catalina. Image supplied

The Catalina is the second apartment project Marquee have sold out in recent months, having seen huge success in Palm Beach where they are developing Cabana, the 34 apartment project across six levels.

Sales were so quick Marquee have brought construction forward, now set to start in June with a late 2022 completion date.

Now attention is firmly focused on Shoreline, Marquee''s boutique 27 apartment project between Surfers Paradise and Broadbeach.

[smartcode_project:default project_id=22057]

Towering 17 levels above Old Burleigh Road, Shoreline comprises two and three bedroom apartments which start from $1.1 million.

Also designed by BDA Architecture, Shoreline features a Magnesium pool with sun lounges, a wellness centre with spa and sauna, a gym with reformer pilates, private residents rooftop bar and lounge with 270-degree views and work from home and office facilities.

About the developer

Marquee are passionate about creating award-winning communities that marry luxury, quality &amp; value.

With multiple awards to their name, Marquee also boast a current and recent pipeline of over $400 million worth of projects on the Gold Coast.

 
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The Art Deco-inspired development, designed by BDA Architecture, comprises 75 apartments across its nine levels.



Marquee Development Partners sell out Chevron Island's The Catalina as demand surges at Shoreline

The property developer Jinding have launched the next stage of Octave, their Junction Village masterplanned community in Melbourne&#39;s south-east.

Having secured a sellout of the first and second release of Treble townhomes, Jinding&nbsp;has launched Opera Townhomes.

The musical naming&nbsp;of the townhome series so far has been intentional by the Melbourne-based property developer, to create a musical theme&nbsp;at&nbsp;Octave, a harmony of connecting with nature.&nbsp;This motif extends to Octave&rsquo;s unique urban design, where over 21% of the masterplan is dedicated to parks, open space, and conservation reserves.

The three bedroom, two bathroom, two park&nbsp;Opera Townhomes are priced at&nbsp;$495,000. The bigger four bedroom townhomes are priced at $535,000 and $545,000.

Opera will have similar features as the Treble Townhomes, but will be fronting the soon-to-be built Harmony Park which will also be home to a playground that connects to existing conservation areas.

[smartcode_project:default project_id=24752 project_image_fid=161821]

Buyer interest came from all over for Treble Townhomes, a collection of just nine, with local downsizers, investors, and several&nbsp;first home buyers securing a&nbsp;townhouse&nbsp;at&nbsp;the development south-east of Melbourne.

Each townhome has been created in partnership with Sienna Homes and has been designed&nbsp;using energy efficient building materials. The homes have achieved a seven-star NatHERS&nbsp;rating.

Liz Ronson, Jinding&#39;s managing director of developments, says the land values in Junction Village are well perceived in the market, and the amenity-rich lifestyle is driving people to Octave.

[smartcode_project:default project_id=24752 project_image_fid=161820]

&ldquo;The Opera&nbsp;townhomes offer exceptional value. For less than $500,000 buyers can secure a turnkey 3-bedroom home, that is located right next to the entrance of the Royal Botanic Gardens Cranbourne, and adjacent to the 2.98-hectare Harmony Park,&rdquo; Ronson says, adding that Cranbourne Park Shopping Centre is just a five-minute drive away.

Octave has been masterplanned to include 44 townhomes, and 326 land lots, including some of the last remaining larger lots up to 1237sqm.

Having secured a sellout of the first and second release of Treble townhomes, Jinding has launched Opera Townhomes.



Jinding releases next stage of townhouses at masterplanned Octave in Junction Village

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

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

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=365687]

Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer BIG Projects brought in the renowned Sydney-based design studio YSG Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for BIG Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of BIG Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Studio, with landscape design by LDG Landscape Architecture.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its unique detailing and compelling design,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. BIG Projects is targeting a late 2027 completion.

[smartcode_project_cta:default project_id=110588]

Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

Joel Robinson

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