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Local Melbourne-based developer, Samuel Property, is watching the final coat of paint dry on their recently completed Toorak project, Edition.

With the exclusive offering of just three home-like residences on the dress circle of Lansell Road, the distinctly individual building has all the hallmarks of a high-end, stand-alone residence.

Architecture and interiors are both by renowned local studio, Cera Stribley, with landscaping by Australia’s premier landscaper Jack Merlo. Flux, the boutique luxury construction arm of the more well-known builder Figurehead, were appointed as head building contractor for the high-end project.

[smartcode_project:default project_id=13991]

Residence one, known as ‘The Arc Residence’, draws inspiration from the winding banks of the nearby Yarra River, with its curved entrance and corridor walls. The Arc Residence comprises three bedrooms, three bathrooms and secure garage parking for two cars.

Residence number two has been dubbed ‘The Botanic Residence’ for its lush wrap around courtyard. Spanning two levels, it offers open living areas and large outdoor zones that have been designed as an extension of the residence’s liveable space. There are four bedrooms, four bathrooms, garage parking for four cars and a striking 6.5m ceiling void over the dining area.

<a href="/buildings/edition-65-lansell-road-toorak"><img alt="" height="1050" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_botanic_residence_edition.jpg" width="1600"></a> The large windows in The Botanic Residence. Image supplied

The Penthouse, better known as ‘The Sky Residence’, spans over 1,000 sqm of internal and external living, as well as boasting its own exclusive level of basement parking for seven cars.

Occupying the full topmost floors of Edition, The Sky Residence has living zones across two floors, fireplaces, a pool and spa, expansive terrace and an array of windows to frame views in every direction. There are four bedrooms, together with five bathrooms and a private study.

<a href="/buildings/edition-65-lansell-road-toorak"><img alt="" height="938" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/edition_penthouse_with_pool.jpg" width="1600"></a> The penthouse level swimming pool and terrace. Image supplied

 

Samuel Property’s development manager, Romy Jackson, says “We believe the offering is completely unique for the area, and couldn’t be happier with the quality of the finished product. The sense of privacy, grandeur and sheer proportions at Edition are rarely seen in typical apartment formats – and we’ve received some really encouraging feedback thus far from those lucky enough to walk through prior to launch.”
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Architecture and interiors are both by renowned local studio, Cera Stribley, with landscaping by Australia’s premier landscaper Jack Merlo



Joel Robinson

Toorak's newest luxury address, Edition, completes construction

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Sydney record its fourth consecutive small fall in cranes, according to the Q1 2021 RLB Crane index.

The index has now fallen from 197 in Q3 2019 to 177 currently. The decrease of six index points represents a net loss of 11 cranes for this edition.

During the past six months there have been 155 cranes removed throughout Sydney and 144 new cranes added, with 286 cranes currently across Sydney.

Domenic Schiafone, Rider Levett Bucknall’s Oceania Director of Research and Development commented, “these past six months has seen the country slowly accelerate towards a post covid ‘new normal’. 

<img alt="" height="890" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sydney_rlb.jpg" width="1500">

“The federal government’s stimulus measures have assisted the economy but the impact on construction is seeing the industry operate at two speeds.

"Residential detached housing, assisted by both federal and state incentives, does not appear to have suffered from any COVID hangover at this stage. Government sponsored civil projects continue to expand across the nation while education and civic projects also have grown sharply this edition,” he said. 

Sydney's residential sector has seen the largest net loss of cranes with the commencement of 87 new cranes and the removal of 119, bringing the total count to 195, the lowest number of residential cranes since Q4 2015.

Residential cranes still make up 68.2% of total crane activity.

The largest development based of crane number is the 180 George development in Parramatta with four cranes.

[smartcode_project:default project_id=8590]

Across Sydney’s five main regions, decreases were seen in the west, inner city and east whilst increases were seen in the north and south region. The increase of fourteen cranes in the north was the largest growth region. West Sydney in comparison recorded the biggest decrease of thirteen cranes.

Inner Sydney saw 44 cranes added with the removal of 53 cranes, bringing the total crane count to 83, the lowest number of inner Sydney cranes since Q1 2016.

[smartcode_project:default project_id=7758]

Residential cranes fell by eight cranes in Sydney's east, with eight new cranes added and 16 removed. The residential sector still makes up 88% of crane activity in the east.

Cranes across the north recorded a rise of 14 cranes to now total 71. A total of 39 cranes were added to sites and 25 cranes were removed.

Residential cranes continue to be centred on the main arterial corridors in the north and can be found in 30 suburbs including Asquith, Carlingford, Castle hill, Cremorne, Crows nest, Dee Why, Epping, Gladesville, Gordon, Hornsby, Lane Cove, Lane Cove north, Macquarie Park Manly, Manly Vale, Maroubra, Meadowbank, Melrose Park, Narrabeen, Neutral Bay, Northbridge, Palm Beach, Pymble, Ryde, Seaforth, St Leonards, Thornleigh, Turramurra, Warrawee and Wentworthville.

Residential cranes across the south were sighted in 19 suburbs including Arncliffe, Beverley Park, Bexley north, Blakehurst, Caringbah, Cronulla, Dolls Point, Engadine, Hurstville, Kogarah, Kyle Bay, Miranda, Oran Park, Ramsgate, Redfern, South Hurstville, Sutherland and Woolloware.

[smartcode_project:default project_id=6798]

The region of Sydney West saw 31 new cranes and 44 removals bringing the region’s total to 61. The drop of 13 cranes was due to the completion of a number of residential projects across the region.

Residential cranes fell by 15 for this period. 46 residential cranes are situated in 22 suburbs across the west. Suburbs include Bankstown, Belfield, Blacktown, Canterbury, dundas, Edmondson Park fairfield, Granville, Jordan Springs, Liverpool, Mays hill, Merrylands, Mount druitt, Padstow, Parramatta, Penrith, Rouse hill, Schofields, Seven hills, St Marys, Villawood and Westmead.

Residential cranes were removed from projects in Bankstown, Belfield, Casula, Edmondson Park, Granville, Liverpool, Merrylands, Mount druitt, Parramatta, Penrith, Punchbowl, Rouse hill, Schofields, Sefton, and Westmead.

 

 

 
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The largest development based of crane number is the 180 George development in Parramatta with four cranes.



Sydney crane watch: 87 new residential cranes added across Sydney, but 119 removed

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The Gold Coast developer Cru Collective is jumping on the hype that has been surrounding Kirra Beach in recent years.

Cru, who sold out their $40 million Siarn Palm Beach development in September last year, have acquired a prime 635 sqm corner site at 2 Musgrave Street, on the corner of Musgrave and Winston Street.

Cru Collective managing director Chris Bolger they were attracted to the site’s uniqueness and iconic location, being the northern point, and entry statement to Gold Coast’s most famous beach – Kirra.

Bolger says they took on feedback from the luxury apartment buyers from Siarn to ensure all of their needs and more would be catered for in the new project.

[smartcode_project:default project_id=28789]

“We expect strong local and national interest in the project, given continued the influx of high-end purchasers to the Gold Coast from all over the country,” said Mr Bolger.

Bolger said there had been a significant increase in the level of inquiry, especially from interstate and overseas buyers, through the second half of last year and that momentum was continuing to build this year.

“While location is critical, the product is key to these savvy buyers and we work closely with our consultants to ensure our projects are second to none,” said Mr Bolger.

The Musgrave site was bought with approval for 14 full-floor luxury apartments, already secured by its former owner, local cosmetic physician Sanjay Mohindra.

But Cru are working with their design team to refine the existing plans, which are pictured below.

<img alt="" height="1112" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cru_old_plans.jpg" width="706"> The former plans lodged with the City of Gold Coast Council.

The project, expected to launc the to the market mid-2021 and construction slated for early 2022, will be Cru's fourth in the pipeline.

One of their developments is Palm Gardens at Palm Beach, the controversial development which was initially rejected by the local council. They also have Arcadia Rise townhouse development in Currumbin and Acqua at Palm Beach.

Kirra has been a sought-after location in Coolangatta in recent years, with Spyre Group recently announcing the sell-out of MAYA at Kirra.

The family ran developer KTQ Group are also redeveloping the landmark Kirra Beach Hotel, with their Miles Residences apartments one of the hottest commodities on the coast.
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The Musgrave site was bought with approval for 14 full-floor luxury apartments, already secured by its former owner.



Cru Collective secure Kirra Beach site for new boutique apartment tower

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A boom in mixed-use or other sector projects has seen Melbourne record a lift of almost eight per cent in the Q1 2021, according to the latest RLB Crane Index.

Over the last six months there have been 15 cranes added, with four added to each of the $800 million Caulfield Village in Caulfield North and the $220 million Richmond Quarter.

Three cranes were added to the Elizabeth north project in Elizabeth Street, bringing their total number of cranes to four.

<img alt="" height="779" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rlb_crane_melbourne.jpg" width="1200"> 
Melbourne's Crane Index. Source: RLB Crane Index Q1

West Side Place Stage two also has four cranes, while there are three cranes are located at QVM Residences, Sapphire by the Gardens and Union Quarter. These six projects account for 22 of the 39 mixed-use cranes in Melbourne, according to RLB.

The cranes came down at the now completed Docklands Residences in Docklands. Developed by Capital Alliance, Docklands Residences comprises 88 apartments which have been built above a 200 room Marriott Hotel, the first built in Australia for over two decades.

[smartcode_project:default project_id=3205]

Cranes in inner Melbourne fell by seven to 95, the lowest since Q2 2018. That was primarily caused by the completion or near completion of many residential projects which saw residential cranes fall by 16 to 28.

Melbourne's east saw their residential cranes drop to nine, the lowest on record. Residential projects still account for 50 per cent of total cranes in east.

Residential cranes were removed from Camberwell's Anderson Park, the Summit and Alpine Apartments in Doncaster and the Hawthorn East apartment development Hawthorn Park.

[smartcode_project:default project_id=3730]

Developer Dahua Group had Rothelowman create the $300 million Hawthorn Park development alongside landscape architect Jack Merlo, with the standout feature of the 368 apartment development its striking infinity pool linking two of buildings.

Cranes came down at the nearby Toorak Road, Hawthorn East development Brasshouse, Lilydale Grove in Hawthorn East and The Kent in Hawthorn. The East Central tower in Box Hill saw cranes removed, as did Ramsay Gardens in Vermont South.

New cranes were placed for Pace of Blackburn, the modern project from the recent Master Builders Victoria award winners Pace Development Group, as well as Grocon's Denmark Kew and Prospect and Panorama Apartments in Box Hill, among others.

Melbourne's north saw 22 new cranes added with the region hitting 27, just below the record high of 27 in Q2 2018. There were just six removals.

It was busy in Brunswick, with cranes being moved on to the sites of Pellicano's build-to-rent Solarino house, Lucent's The Stewart Collective and Balfe Park Lane Apartments.

[smartcode_project:default project_id=4513]

Home by Caydon in Alphington and the Capella Apartments in Reservoir, developed by Forte Group, each installed two cranes on their sites.

[smartcode_project:default project_id=24441]

Melbourne's north was the only region to see an increase in residential cranes, increasing by 16 cranes to 23.

The south saw an increase of four cranes mainly due to commencement of the Caulfield Village project.

Other new projects in the south include Pavillion on the Park, developed by Sydney One Investments in Armadale, Lowe Living's Azure in Aspendale and Olea Residences in Caulfield.

There's also the family Supportive housing in Dandenong, Prince Corporation's East village in Prahran, Sandringham's Trentham House to be delivered by Carpe and the Loreto old St Georges building in Toorak.

Cranes were removed from Sutherland and Alara in Armadale, Olivia and Brighton Collection in Brighton, Collins &amp; Bates in Chadstone, Eastwood Monash in Clayton and The Glen in Glen Waverley, among others.

[smartcode_project:default project_id=3950]

Melbourne's west grew by four cranes to now total 18 cranes. Footscray remains the central area of crane activity with eight cranes including three new cranes at the new mixed-use project at Union Quarter in Spotswood.

Cranes were also added to Liberty one, 21 Victoria and Riverfront in Footscray and Kings Village in Kingsville.

[smartcode_project:default project_id=709]

Liberty One, to be delivered by Bensons Property Group, has 350 one and two bedroom apartments across its Warde Street development.
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Cranes in inner Melbourne fell by seven to 95, the lowest since Q2 2018

Mixed-use projects see crane levels rise across Melbourne

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Brisbane's construction activity appears to be coming out of the doldrums, with 48 cranes added across the city over the past six months.

It bucked the trend of Queensland's 2020 drop-off in construction activity, with building work trending below the decade average for most key indicators.

The Rider Levett Bucknall's Q1 2021 Crane Index paints a much more promising picture for Brisbane's construction activity, with the number of cranes added the largest increase in Brisbane's crane numbers since the inception of the index just over seven years ago.

The index jumped from 68 to 97, with 27 cranes also removed from the city. There are now 71 cranes active across the Brisbane area.

<img alt="" height="1080" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rlb_crane_index_brisbane.jpg" width="1600">

Residential cranes remain the largest sector in Brisbane, accounting for almost 50 per cent of the cranes across Brisbane. Over the last six month, residential cranes have increased to 34 per cent, up by 12 previously.

This includes new developments starting in Ascot, Brisbane, Cannon Hill, Coorparoo, East Brisbane, Fortitude Valley, Hawthorne, Norman Park, South Brisbane, St Lucia and Yeronga. There have been two projects commence in Indooroopilly, New Farm, Newstead and Seven Hills, with three in Woolloongabba.

The mixed-use sector is the next largest sector, dominated by the nine cranes assisting the Queen's Wharf development. They account for 12 per cent of all the cranes in Brisbane.

[smartcode_project:default project_id=13276]

Waterfront Newstead, the Mirvac community, is one of few mixed-use projects which include two or more cranes.

The latest tower, known as Quay Waterfront Newstead, located alongside the Brisbane River, joins previously completed stages Pier, Park and Unison as part of the grander Waterfront Newstead community.

[smartcode_project:default project_id=90553]

The east of Brisbane saw the largest increase, with six more cranes added over the last six months. Previously there had just been one crane.

The new residential cranes were erected in Cannon hill, Hawthorne, Norman Park and two in Seven Hills.

Brisbane's best off the plan developments

The Coterie, Fortitude Valley

[smartcode_project:default project_id=6257]

Just 1.5km away from Brisbane’s CBD in the culturally rich and vibrant Fortitude Valley are The Coterie. The two residential towers comprise of one, two and three bedroom selections and two penthouses across 27 floors. A collaboration from award winning design teams at Rothelowman and Bruce Henderson Architects introduces an elegant building silhouette wrapped in a flowing, monochromatic motif, a graphic representation of the connectivity between the two towers, the streetscape and the skyscrapers that border the suburb in the CBD.

Monterey Kangaroo Point - 9 Lambert Street, Kangaroo Point

[smartcode_project:default project_id=7145]

Monterey Kangaroo Point is Australia's tallest timber tower. South of the Storey Bridge, Monterey Kangaroo Point is the second Urban Development Institute of Australia accredited EnviroDevelopment for the Gardner Vaughan Group. The Lambert Street development comprises 42 apartments.

Venusto, Yeronga

[smartcode_project:default project_id=34156]

Another from the Gardner Vaughan Group, and their other project to win the Urban Development Institute of Australia accredited EnviroDevelopment, Venusto is the latest announced building in Yeronga's luxury Renovaré development. Venusto is the third stage of the wider project and comprises 33 apartments made up of one, two, three and four bedroom units.

 

 
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The index jumped from 68 to 97, with 27 cranes also removed from the city. There are now 71 cranes active across the Brisbane area.

Brisbane sees biggest crane jump since 2014

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Developers can't stay away from the booming Gold Coast market.

The longstanding Queenslander developer Devine Development Group is the latest to join the ever-growing index not wanting to miss out on the current Gold Coast apartment demand.

They've lodged plans for Alba Residences, a $105 million apartment project at North Burleigh.

Set on the dress circle Esplanade facing the beach, the 21 level tower designed by Bureau Proberts will comprise half and full floor residences catering for the top end of the market, with prices starting from $2.25 million.

The full floor apartments will span around 435 sqm and will have four bedrooms, a multi-purpose room, and four bathrooms, while the collection of half-floor apartments will have around 218 sqm of living space with three bedrooms.

The Melbourne-based Mim Design are handling the interior. There will be a lifestyle podium for residents where there will be a swimming pool and a gym.

<img alt="" height="1000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/alba_render.jpg" width="897"> The facade of Alba Residences on Esplanade. Image supplied

It will sit on Esplanade, just down the road from 88 Burleigh, the $90 million tower by Allure Property Corporation.

The seashell-inspired, 17-level tower on The Esplanade, across from Burleigh Heads beach, will home just 31 apartments..

Demand for apartments in Burleigh Heads continues to soar as a surge of interstate buyers is creating a critical shortage of supply, particularly for three bedroom apartments which are being snapped up by downsizers.

Adam Young of Burleigh Heads’ Black and Young Real Estate, who has been selling real estate in the area for over three decades, says he has never seen the market in Burleigh so strong.

<a href="/buildings/the-esplanade-burleigh-heads-146-156-the-esplanade-burleigh-heads-qld-4220"><img alt="" height="928" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/88_burleigh_main_1.jpg" width="1600"></a> 88 Burleigh on Esplanade. Image supplied

Burleigh is the ‘go to’ destination on the Gold Coast as a lifestyle, entertainment and dining precinct and real estate sales are reflecting the suburb’s newfound popularity.

“The market is very strong, driven by interstate migration and downsizers who see apartment living in Burleigh Heads as under-valued given its central location and the national park setting which is not unlike Noosa,” Young says.

Veteran developer and Devine Development Group head David Devine said Alba would be one of the enduring luxury apartment projects for Burleigh Heads and the timing to enter the market could not be better.

“We have worked for a long time to bring a project together that epitomises beachfront apartment living and Alba is the creation of that,” said Mr Devine.

“We believe is it a fantastic time to enter the market. Burleigh Heads is undoubtedly one of the most sought after residential locations for the luxury downsizer anywhere in Australia and there is certainly currently a shortage of new apartment product tailored to this market.

“Interstate migration to the Gold Coast is very strong as is the value that the Gold Coast offers compared so the southern states. The market is certainly leading the way nationally.”

JLE Projects director Jamie-Lee Edwards says Alba will be the epitome of beachfront living on what is a very tightly held and very high demand beachfront precinct.

“The convergence of sophisticated architectural design and interior styling with uninhibited views and the unparalleled location of Australia’s most recognisable beach, Alba is the pinnacle of contemporary beachfront living.”

More Gold Coast properties on the market right now:

[smartcode_project:default project_id=7974]

[smartcode_project:default project_id=26730]
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Plans have been lodged for Alba Residences, a $105 million apartment project at North Burleigh.



Another apartment tower lodged in hot Gold Coast market

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The boutique townhouse development Boston in Melbourne's Balwyn has seen half of its townhouses snapped up before construction commences in the coming months.

Marshall White's director of projects Leonard Teplin puts the sales success down to the coveted location of Boston, set in the heart of Balwyn on Boston Road.

"Coveted locations like Balwyn lead the market for any property resurgence," Teplin says.

Teplin says buyers are already benefitting from the house price growth Melbourne is currently seeing, which is more prevalent at the top end of the market, according to CoreLogic.

"Buyers who have already gone ahead and considered opportunities such as Boston as a way to own a four bedroom brand new home from $2.15 million, where new homes on a standard quarter acres block are now well ahead of this mark in famous streets like Boston Rd.

"It’s a chance to lock in a new home purchase today, where any capital grown shown from the day of sale till settlement is then for the buyers benefit.

[smartcode_project:default project_id=29046]

Boston, a boutique development of just seven townhouses delivered by JT Property Group, has been designed by Mim Design with the deep-rooted wine history of Balwyn considered.

In 1859, vigneron Andrew Murray bought 103 acres of land to realise his dream of producing world-class wines. He named his estate Balwyn, combining ‘Bal’ (Gaelic for home) and ‘Wyn’ (a Saxon word for vine) to create ‘the home of the vine’.

"We are exceptionally proud of our design for Boston — the period details that give the homes character and the contemporary elements that provide incredible comfort," Mim Design principal Mim Fanning said.

"Every detail within Boston is bespoke and high-end, from the angle of a timber stair to the curved stone of an island bench.”

<a href="/buildings/boston-16-boston-road-balwyn"><img alt="" height="1021" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/boston_3.jpg" width="1600"></a>

The seven townhouse sit in landscaping by John Patrick Landscape.

Teplin advises that all of the buyers so far are owner-occupiers.

"Some currently live within a two kilometre radius of Balwyn , others grew up in the area and having now moved further out are keen to return and provide their children the same family environment and schooling opportunities that they grew up in," Teplin says.

 
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Marshall White's director of projects Leonard Teplin puts the sales success down to the coveted location of Boston

Luxury Balwyn townhouse development Boston over 50 per cent sold as construction looms

160 Macquarie, St Lucia's first riverfront apartment development in more than a decade, has racked up over 70 per cent of sales before its construction begins next month.

The development by QM Properties, led by horse enthusiast and managing director&nbsp;Jon Haseler, has been designed by the architecture firm Rothelowman and only homes 34 riverfront apartments at 160 Macquarie Street.

A rooftop lounge will crown the development, with residents also having access to a private dining room and lounge on the 15th level rooftop where there will be expansive views of the Brisbane River, West End, the city skyline, Mount Coot--Tha and the D'Aguilar Range.

Down by the Brisbane River will be a riverside swimming pool and barbecue areas. On the ground level will also be&nbsp;a private cinema and a gym.

<a href="/buildings/160-macquarie-160-macquarie-street-st-lucia"><img alt="" data-entity-type="" data-entity-uuid="" height="1187" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/160_macquarie_st_lucia_4.jpg" width="1600" /></a>

There are just two three bedroom residences remaining priced from $1.06 million, three premium three bedroom apartments from $1,835,000 and three sub penthouses which start from $3.06 million.

Rachel Huston, associate director at Colliers Residential, says that buyers are almost exclusively local downsizers, either living currently in the area or with a past connection to it via family or the University of Queensland.

[smartcode_project:default project_id=25721]

Construction is expected to commence, which will see the onsite sales display close.

About the developer

QM Properties have been developing property in South East Queensland since they were established in 1976.

In recent years QM have&nbsp;developed the East Brisbane apartment complexes Corde Residences and Mowbray East Brisbane, as well as the residential communities Forest Pines in Bulimba and Bridgeman Green in Bridgeman Downs.

QM are also selling Anthology, the luxury New Farm apartment development of just 26&nbsp;residences on the dress circle Moray Street.

[smartcode_project:default project_id=22331]

Down by the Brisbane River will be a riverside swimming pool and barbecue areas. On the ground level will also be a private cinema and a gym

160 Macquarie, St Lucia's first riverfront apartment development in over a decade, now 70% sold

The Brisbane-based developer Ention Properties has quietly secured sales of nearly half of its luxury Taringa apartment development Déesse.

Three of the eight apartments&nbsp;were sold at its launch, including the penthouse that sits on the top level of the five level building at 79 Swann Road.

Crowning the development is a wet edge pool, lounge deck, barbecue and outdoor dining area and lawn.

<a href="/buildings/deesse-taringa-79-swann-road-taringa"><img alt="" data-entity-type="" data-entity-uuid="" height="896" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/deesse_2.jpg" width="1600" /></a>

The three and four bedroom apartments have been designed by local architects Hayes Anderson Lynch&nbsp;to take advantage of the views north east to Brisbane City, with views to the Border Ranges to the rear. Each apartments features natural tones and textures such as timber floor, high quality stone and refined joinery, signature stylings of Ention.

The large floor plans is set to attract&nbsp;downsizers and owner-occupiers, with living space ranging from 184 sqm to 266 sqm.

The remaining five apartments include the expansive courtyard residences and the north-east city facing sub-penthouse.

<a href="/buildings/deesse-taringa-79-swann-road-taringa"><img alt="" data-entity-type="" data-entity-uuid="" height="890" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/deesse_3.jpg" width="1800" /></a>

Construction is expected to commence in the next couple of months, with the site being cleared and former home on the 810 sqm block demolished.

Ention Properties director Trent Thoroughgood says working with&nbsp;Hayes Anderson Lynch and&nbsp;Déesse's the project marketing team at&nbsp;Colliers International allowed them to take all of the feedback that they collectively received from customers and put that knowledge into the design of the apartments.

"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."

The three and four&nbsp;bedroom residences are&nbsp;priced from $1.53 million.

[smartcode_project:default project_id=8200]

About the developer

Ention Properties was founded by Trent Thoroughgood and Dion Smith in 2013 with a view to&nbsp;“create&nbsp;lifestyles above all others”

Ention have recently completed Ciel Residences, a boutique block of nine in Brisbane's Herstmon, as well as the nearby Ciel Terraces, both of which are sold out and have settled.

&nbsp;

&nbsp;

Crowning the development is a wet edge pool, lounge deck, barbecue and outdoor dining area and lawn

Ention Properties achieve quiet success in Brisbane's Taringa

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The RBA have stood firm on record low interest rates at the April 2021 cash rate meeting, nothing that house prices are continuing to soar across across the nation.

The board, with newly appointed board members Carolyn Hewson and Alison Watkins, noted that housing markets have strengthened further, with prices rising in most markets.

"Housing credit growth to owner-occupiers has picked up, with strong demand from first-home buyers," RBA Governor Philip Lowe's meeting statement read.

The statement concluded with Lowe stating the board does not see a cash rate hike until 2024 at the earliest.

There are a few economists who believe there will be a cash rate hike by the end of the calendar year.

Finder's RBA cash rate survey saw six out of its 39 experts and economists it surveys every RBA month suggest there will be a rate hike, with Dale Gillham, the chief analyst at Wealth Within, expecting a rise as early as July.

Tony Makin from Griffith University, Nicholas Gruen at Lateral Economics, Noel Whittaker, QUT, Jakob B. Madsen, University of Western Australia and Clement Tisdell, UQ-School of Economics, all predict a cash rate rise in Q4 2021.

[smartcode_project:default project_id=5897]

Griffith University's professor of economics Tony Makin says that despite what the RBA is saying, a cash rate rise will be inevitable should inflationary pressures suddenly build here and overseas.

"Massive government bond issues worldwide to cover large ongoing budget deficits will also continue to exert upward pressure on bond yields.

"Although asset price inflation is not officially targeted, continued escalation of housing and share prices also suggests tighter monetary policy could be warranted sooner than expected."

Harley Dale, chief economist at CreditorWatch, says the decision comes as no surprise with the RBA injecting substantial liquidity into Australia’s financial system.

[smartcode_project:default project_id=522]

"As a result, Australia’s economy appears to be firmly in recovery mode, but we tend to gauge the situation based on aggregates and averages, which is misleading," Dale says.

“There is talk of re-emerging inflationary pressures as the economy regrows itself. That would be a good thing for the Australian economy, but as long as we stay below the aggregate the economic recovery remains fractured. 

“There are still significant parts of the economy being left behind despite overall improving conditions. If we can sustain an improvement in unemployment rates and the broader labour market, we will be well on our way to a full-blown recovery. We’re not there yet though and monthly statements from the RBA will likely reflect that fact in coming months.”
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There are a few economists who believe there will be a cash rate hike by the end of the calendar year

No cash rate rise to 2024: RBA holds interest rate at record low 0.1 per cent at April 2021 meeting

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

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

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

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

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

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

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

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

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

Joel Robinson

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