For property stakeholders - whether owners, investors, builders or developers - ensuring comprehensive protection against potential risks is crucial.

Strata insurance and <a href="/news/resilience-latent-defects-insurance">Resilience LDI</a> play essential roles in safeguarding property investments but understanding the critical distinctions between them is necessary to avoid coverage gaps that can lead to financial stress and lengthy litigation.

<h2>Strata Insurance: Essential but Limited Coverage</h2>

Strata insurance is specifically designed for strata-titled properties, covering shared spaces like lobbies, stairwells, walls, floors, and ceilings. It protects against incidents such as fire, water ingress, accidental damage, and public liability, ensuring that common areas can be repaired or rebuilt in the event of a covered loss.

However, strata insurance doesn’t cover (amongst other things) structural issues stemming from construction flaws. This is where latent defects insurance (LDI) becomes crucial, providing coverage that strata insurance alone cannot offer.

<h2>Resilience LDI: Addressing Structural Risks</h2>

Resilience LDI, also known as structural defects insurance, offers protection for structural issues that may surface after construction is complete. These hidden defects, which may not be immediately visible, can emerge over time, leading to serious safety concerns, costly repairs, and complex legal disputes. Resilience LDI helps cover the expense of fixing these defects, sparing property stakeholders from significant financial and legal burdens.

<h2>The Consequences of Coverage Gaps: Real-World Examples</h2>

The costly impact of not having Resilience LDI is evident in Australia’s high-profile cases like Opal Tower and Mascot Towers. While both Opal Tower and Mascot Towers had strata insurance, which would have provided assistance for immediate risks like fire or storm damage, the absence of Resilience LDI left owners with mounting repair bills and protracted legal battles.

When structural defects surfaced at Opal Tower, residents were evacuated over concerns about the building’s integrity. Strata insurance covered some of their short-term costs, but the deeper structural issues required more comprehensive coverage - exactly what Resilience LDI would have provided.

Similarly, Mascot Towers faced structural issues that led to prolonged evacuations, forcing owners to navigate both the financial burdens and extensive legal processes to address the defects.

Read more:&nbsp;<a href="/news/nsw/what-would-have-happened-if-mascot-towers-had-resilience-latent-defects-insurance">What would have happened if Mascot Towers had Resilience Latent Defects Insurance</a>

<h2>Avoiding Financial and Legal Stress: The Need for Both Insurance Types</h2>

For a comprehensive approach, property stakeholders should consider combining strata insurance for common area protection with Resilience LDI for structural integrity on new builds. This dual approach provides robust coverage, helping to avoid expensive repairs and minimising the risk of drawn-out legal disputes. Understanding the distinctions between strata and Resilience LDI empowers stakeholders to make informed decisions that protect investments from unforeseen risks, costly repairs, and lengthy litigation.

This comprehensive guide highlights the essential differences between strata insurance and Resilience latent defects insurance (LDI), underscoring the risks of inadequate coverage

Joel Robinson

Strata Insurance vs Latent Defects Insurance: Closing the coverage gaps for property stakeholders

Leading Sydney construction and development giant&nbsp;Deicorp’s plans for their Macquarie Park development have gone on public exhibition.

The 17-level building, with 181 apartments, is being pitched for a <a href="/new-apartments/161-herring-road-macquarie-park">prime site</a> across 161 Herring Road and 13-15 Lachlan Avenue, a short walk from <a href="/developments/macquarie-park-nsw-2113">Macquarie Park</a>&nbsp;Metro rail station and shopping centre.

The application was recently lodged with the NSW Department of Planning as a State Significant Development.

&nbsp;

<img alt="Macquarie Park Development" data-entity-type="file" data-entity-uuid="2194f36c-79f8-4eb0-aee9-6145d7bda0fe" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Item%206%20-%20Photomontage%202.jpg?VersionId=d8VSUjWGNnnhGW2ye5MKjMxbC7QPYMug" />

Deicorp’s Chairman Fouad Deiri said the site will provide conveniently located housing for key and essential workers. 29 of the apartments proposed will be affordable and managed by a community housing provider.

“This proposed development adds to the significant pipeline of residential projects we are seeking to deliver along Sydney’s Northwest Metro, which will support the NSW Government’s vision to deliver more housing close to key public &nbsp;transport infrastructure," Deiri said.

“Deicorp is delighted to be responding to the urgent need for housing across Sydney by partnering with some of Australia’s leading architecture and design firms (DKO) to provide well designed apartments close to amenities.” &nbsp;

The plans for the development include a 550 sqm of rooftop garden, 1,200 sqm of streetscape upgrades, and outdoor communal space embellishments. The rooftop garden will include viewing decks, outdoor workspaces, and picnic tables.&nbsp;

<img alt="Macquarie Park Development" data-entity-type="file" data-entity-uuid="755dbe8e-7088-4386-a5a5-8dfd1b1fa8a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Item%206%20-%20Photomontage%203.jpg?VersionId=x8D28t53yH56yHpDy3Pt0VMk8po_kBru" />

It is proposed environmentally significant trees will be retained on the site with a further 58 trees planted to provide ample tree canopy coverage. &nbsp;

The proposed development, which will include recycled water, onsite solar energy generation and energy efficient design, will aim for an industry leading 7-star average rating under the &nbsp;Nationwide House Energy Rating Scheme (NatHERS).&nbsp;

The proposed Macquarie Park apartment building adds to the significant pipeline of transit oriented developments Deicorp is seeking to deliver along Sydney’s Metro rail line, which include the recently approved Hills Showground East Precinct and Five Ways Crows Nest mixed-used projects, the under-construction Hills Showground Village and now completed Tallawong Village.&nbsp;

Deicorp’s Chairman Fouad Deiri said the site will provide conveniently located housing for key and essential workers



Deicorp’s Macquarie Park apartment plans revealed

Consolidated Properties Group has topped out both towers at its riverfront <a href="/developments/toowong-qld-4066">Toowong</a> apartment development, <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>.

Final construction work is underway on the $460 million development which is 98 per cent sold. Just four of the 224 apartments remain.

Hutchinson Builders started construction on the 1.2-hectare site in 2023, notwithstanding the weather challenges throughout the past two years. As construction moves into the final stages, owners are set to begin moving in before Christmas this year.

[smartcode_project:default project_id=113455 project_image_fid=211466]

In the coming months, the scaffolding will be removed from River 1, which will allow the public and residents a first look at the exterior and form of the building.

With the structural construction of the building complete, Hutchinson Builders are continuing their work on the residence’s internal features and rooftop amenities, including the ultra-premium pool deck, gym, sauna and entertaining areas.

The heritage restoration of Middenbury House is also seeing major progress. The heritage-listed Welsh slate roof has been replaced using the last shipment of traditional Welsh slate ever to arrive in Australia, marking a significant step in the building’s restoration.

Once complete, residents and visitors to Monarch Residences will be among the first people to enter the historical building, as it is the first time it will be open to the public since its original construction in 1865.

[smartcode_project:default project_id=113455 project_image_fid=211490]

“We’re pleased with how the construction is progressing across both towers,” said Don O’Rorke, CEO and Chairman of <a href="/developers/consolidated-properties">Consolidated Properties Group</a>.

“Both towers are structurally complete, and we’re moving quickly into the final stages. Hutchinson Builders has done an outstanding job, and we’re confident the delivery will exceed our expectations. It’s exciting to see everything come together, and we look forward to welcoming the first residents soon.”

[smartcode_project:default project_id=113455 project_image_fid=302326]

Chairman of Hutchinson Builders, Scott Hutchinson said the building is something special, not just in Brisbane, but in Australia.

"It’s a beautiful building, sitting right on the river in Brisbane,"&nbsp;Hutchinson said.

“As builders, we have worked hard to ensure the materials we use are not only of the highest quality, but also visually appealing and structurally sound. The residences themselves are beautiful homes and it’s been a privilege bringing the vision of Monarch Residences to life."

[smartcode_project_cta:default project_id=113455]

“We’re pleased with how the construction is progressing across both towers,” said Don O’Rorke, CEO and Chairman of Consolidated Properties Group.

Cons Prop & Hutchies top out Monarch Residences in Toowong

Construction has commenced on&nbsp;Brunswick Established,&nbsp;Beulah’s sustainable, heritage-focused townhome project.

<a href="/developers/beulah">Beulah</a>&nbsp;has appointed&nbsp;<a href="/builders/level-10">Level 10</a>&nbsp;to build the 23 townhouses on Hodgson Street which recently won Gold at the International Design Awards in the Residential Architecture/Sustainable Home category.

Designed by <a href="/architects/six-degrees-architects">Six Degrees Architects</a>,&nbsp;Brunswick Established has been designed to "celebrates Brunswick’s historic character and champions an advanced model for sustainable urban living."

[smartcode_project:default project_id=136451 project_image_fid=333959]

Throughout the construction phase, the project team will aim to recycle and repurpose components of the existing building on site, historically home to one of the earliest clothing factories in Brunswick from the 1920s.&nbsp;

Bricks, where possible, will be recycled and used for architectural features, while salvaged timber will be repurposed and incorporated into pergolas. Collectively, this will not only significantly reduce construction waste but will actively reduce the project’s carbon footprint and reduce embodied carbon from using new materials.&nbsp;

A team of structural engineers and heritage specialists have started working together with Level 10 to retain essential heritage walls, using a delicate process of propping the building and integrating it into the new architecture.&nbsp;

Adelene Teh, Co-Founder of Beulah, said <a href="/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a> embodies Beulah’s commitment to creating homes that harmonise with their surroundings and reflect the unique character of Brunswick.&nbsp;

“With Level 10’s exceptional craftsmanship and alignment with our vision, we are excited to see this project come to life, delivering multi-generational residences that will become a meaningful addition to the Brunswick community," Teh says.

[smartcode_project:default project_id=136451 project_image_fid=270371]

"The project has seen strong interest from buyers, with a mix of downsizers, business owners, and professionals snapping up the majority of the project, and we expect to see the remaining townhomes to sell quickly within the coming months off the back of recent State Government announcements, including savings to stamp duty.

"This, coupled with the forecasted interest rate cuts, is helping to increase buyer sentiment, with a buzz returning to the market and consumer confidence growing. "

Teh says there has been local and interstate buyers purchase, with majority drawn to the sustainable features of the project as well as the ability to completely customise their home.

"This unique and personalised approach is really what matters to the residents, and we are excited to see their visions come to life."

[smartcode_project:default project_id=136451 project_image_fid=277190]

Beulah’s decision to engage Level 10 for Brunswick Established was driven by their proven expertise in townhome development and shared values in sustainable construction.&nbsp;

“The team at Level 10 brings extensive experience in managing heritage sites and excels in building quality homes with thoughtful precision, aligning seamlessly with Six Degrees Architects’ vision for a progressive yet heritage-sensitive design. The result will be a collaboration that sets new standards for environmentally responsible construction, blending timeless architectural elements with the forward-thinking principles of circular living."

A limited amount of three and four-bedroom townhomes remain, priced from $1.87 million, with up to $146,000 in stamp duty Savings available*.

[smartcode_project_cta:default project_id=136451]

Adelene Teh, Co-Founder of Beulah, said Brunswick Established embodies Beulah’s commitment to creating homes that harmonise with their surroundings and reflect the unique character of Brunswick

Construction commences on Beulah’s Brunswick Established 

Urban Property Group is continuing to expand its ever-widening new apartment pipeline.

The developer is soon to tackle the Newcastle's market, having taking over the mixed-use Bowline project on the harbour in Wickham.&nbsp;

<img alt="Bowline" data-entity-type="file" data-entity-uuid="76e65b76-fbcf-4f05-a1e9-b6834c908691" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-31%20at%2010.52.58%E2%80%AFAM.png?VersionId=PTzhKaLh79XhxtUzcM5KSbt2k5Hsi2r5" />

The Bowline, just under 100 apartments across a 14-level building on Dangar Street, was being developed by MultiPart Property before they fell into receivership. Deposits were offered back to the original buyers earlier this year.

The large-scale apartments, that were pitched as being suitable for downsizers when it gained approval in 2019, would sit above 5,500 sqm of commercial space.

Urban Property Group secured the site&nbsp;through a competitive sale process managed by the appointed receivers and managers, Ryan Eagle and Amanda Coneyworth of KPMG.

<img alt="Bowline" data-entity-type="file" data-entity-uuid="a7588c81-24fa-43df-9915-558371a8496f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-31%20at%2010.53.04%E2%80%AFAM.png?VersionId=TROUxZjaWUlJrzbzKROIVCOjWGXX24Rx" />

Patrick Elias, CEO of&nbsp;<a href="/developers/urban-property-group">Urban Property Group</a>, said Bowline is a&nbsp;pivotal site in one of the most exciting growth corridors in the state.

"We recognise both the opportunity and the responsibility of taking this project forward."

Elias says the current approval dates back several years and there is a "unique opportunity to reimagine this site in a way that meets today’s needs while embracing the city’s future potential."

The site is located at 10 Dangar Street, Wickham, NSW 2293, on the corner of Hannell Street, Dangar Street, and Charles Street. This prime location places it adjacent to the Newcastle Interchange, a major transport hub.

UPG has recent experience taking over and successfully progressing complex projects. Urban acquired Gosford’s Central Coast Quarter from St Hilliers in 2024, and is now progressing toward top-out of the first stage.

UPG has several projects across Greater Sydney. They're working toward launching <a href="/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith">Mayfair on Penrith</a>, 287 apartments across a 10-level building on&nbsp;an 8280 sqm site at 160-172 Lord Sheffield Circuit. It will be&nbsp;Urban Property Group's&nbsp;sixth and final development in the Thornton precinct, alongside their award-winning developments Navali and&nbsp;<a href="/buildings/the-orchards-lumia-norwest-104-fairway-drive-norwest-nsw-2153" target="">Lumia</a>.

&nbsp;

Patrick Elias, CEO of Urban Property Group, said the The Bowline is a pivotal site in one of the most exciting growth corridors in the state.



Urban Property Group acquires harbourside Bowline site in Newcastle's Wickham

Sekisui House Australia secured $65 million in sales at the launch of Veue Grand, the final release of the fourth stage in their $1 billion Norwest masterplan, The Orchards.

Over 55 apartments were snapped up at the launch, including a record-breaking four-bedroom penthouse sale worth over $4 million, which set a suburb record.

With prices starting from $630,000, buyers came from a wide geographical reach including locals in <a href="/developments/norwest-nsw-2153">Norwest</a>, up to the northern beaches in Dee Why, across to Coogee in the east, and as far south-west as Picton.

More than 180 people attended the public launch to secure a nature-inspired apartment.

David Lee, Sales Manager, Apartments &amp; Mixed-Use Developments at Sekisui House Australia said <a href="/new-apartments/the-orchards-veue-grand-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Grand</a> has had one of the most successful launches in The Orchards to date.

"We have witnessed strong demand across all apartment types, with two-bedroom residences emerging as the most popular choice, accounting for more than 50 per cent of all sales.

“We are very proud to also have achieved a record sale for a four-bedroom penthouse, which speaks volumes about both the quality of the product and confidence buyers have in the brand.”

[smartcode_project:default project_id=149249 project_image_fid=333204]

Nearly 25 per cent of all sales came from the newly introduced two-bedroom, one-bathroom layouts, an efficient and affordable entry point aimed at first home buyers.

“The introduction of this new apartment type has been well received. It is proving to be a smart option for buyers who wish to enter the market without compromising on location or quality,” Lee said.

[smartcode_project:default project_id=149249 project_image_fid=333207]

First home buyers and investors from across Sydney made up a significant portion of the buyer demographic. In contrast, larger residences and penthouses attracted strong interest from downsizers, many of whom already live within a 10km radius of Norwest.

Lee said the recent interest rate reduction played a role in the success of the launch.

“We did see an uptick from first home buyers and investors following the rate drop, although downsizers, who tend to be less rate-sensitive, were key in securing the premium stock.”

Veue Grand's extensive amenities including an indoor swimming pool, gymnasium and communal function centre, alongside expansive green spaces and access to the newly completed Sydney Metro Northwest line, were purchasing drivers.

[smartcode_project:default project_id=149249 project_image_fid=333206]

“Many sales came from repeat clients or through word-of-mouth referrals, which is a testament to trust in the global brand. The sales result further cements The Orchards position as one of Sydney’s most compelling residential offerings,” Lee added.

“With direct Metro access now taking residents from Norwest to Martin Place in under 45 minutes, The Orchards ticks all the boxes, location, liveability and long-term growth potential.”

[smartcode_project:default project_id=149249 project_image_fid=333205]

Construction of Veue Grand is well underway and tracking ahead of schedule, with completion anticipated in late 2026. Buyers can invest with confidence, knowing the builder has been appointed and the build well underway.

Veue Grand designed by Crone Architects, comprises 217 residences across two 11 and 18-level buildings.

The Orchards is around 31 kilometres north west of Sydney’s CBD.&nbsp;It is strategically positioned 800 metres from Norwest Metro Train Station and 600 metres from Norwest Marketown as well as Norwest Business Park - currently housing over 30,000 employees.

[smartcode_project_cta:default project_id=149249]

Veue Grand, Norwest apartments fly off the shelves at weekend launch

<a href="/developers/gardner-vaughan-group">Gardner Vaughan Group</a> is one of the most active developers in Brisbane right now. The family-run builder-developer is busy welcoming buyers to two of its recently completed inner-city developments in Chermside and Stones Corner.

<a href="/new-apartments/estilo-on-the-park-chermside-81-kittyhawk-drive-chermside">Estilo on the Park</a>, located on one of the last parkside sites in <a href="/developments/chermside-qld-4032">Chermside</a> overlooking the expansive 73-hectare Seventh Brigade Park, has just a handful of three-bedroom apartments remaining in its final stage, Esencia, following sellouts of the first two stages, Lujosa and Belleza, several years ago.

[smartcode_project:default project_id=100682 project_image_fid=186903]

GVG is putting the finishing touches to their <a href="/developments/stones-corner-qld-4120">Stones Corner</a> development, <a href="/new-apartments/stonebrook-stones-corner-10-flora-street-stones-corner">Stonebrook</a>. Just one apartment remains for sale in the Flora Street project near Hanlon Park. The nine-level building, topped by a communal rooftop terrace with park views, is UDIA-certified as an EnviroDevelopment for its sustainability features, including EV charging and community herb gardens.

[smartcode_project:default project_id=114094 project_image_fid=246997]

Not one to rest on its laurels, Gardner Vaughan is gearing up for another busy year with four projects in market in 2025. They have just launched <a href="/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah">Danby Lane</a> in <a href="/developments/nundah-qld-4012">Nundah</a>, 84 one, two, three and four-bedroom apartments above four retail spaces on the street level.

The project will also feature a rooftop deck with barbecue facilities, herb and veggie garden, and outdoor dining, as well as a first-floor resident pool, gym, and commercial spaces. Gardner Vaughan’s building arm has already started construction on site and is expecting an early 2027 completion.

[smartcode_project:default project_id=112531 project_image_fid=320117]

While inner-city Brisbane has been Gardner Vaughan’s main focus for the last two-and-a-half decades since being founded by Guy Gardner and Darryl Vaughan in 1989, they’ve expanded their footprint across wider Brisbane and South East Queensland in recent years.

Last year they completed their second Sunshine Coast project, Zinc Bokarina, and now they’re delivering <a href="/new-apartments/bask-bokarina-38-bokarina-boulevard-bokarina">Bask Bokarina</a>, 135 apartments next door to Zinc. Bask will feature nine retail spaces on Bokarina Blvd. The two towers are currently under construction and will complete in mid-to-late 2026, and will feature a podium-level pool, gym, and herb garden.

[smartcode_project:default project_id=141609 project_image_fid=333359]

The first tower is 85 per cent sold and tower two will launch to the market in the middle of this year. Bask recently set a suburb record for one of its four penthouses. The four-bedroom apartment sold to a local downsizer for $5,499,000, the biggest apartment sale in Bokarina by some margin.

[smartcode_project:default project_id=141609 project_image_fid=333361]

GVG will expand further into the Sunshine Coast later this year with Eden Caloundra, another two-tower development with 179 apartments.

There’s even further expansion in 2025 for GVG with the recent launch of ONE Redcliffe, the group’s first foray into the Moreton Bay region.

<a href="/new-apartments/one-redcliffe">ONE Redcliffe</a>, another two-tower project, will have 214 two, three and four-bedroom apartments on the Redcliffe Peninsula with unobstructed views overlooking Moreton Bay and Settlement Cove Lagoon. Apartments start from $1,061,500.

Gardner Vaughan Group set for big 2025 as new apartment pipeline expands across South East Queensland 

Over 12 months after securing a prime Toowong site on Sylvan Road, local developer&nbsp;<a href="/developers/pradella-property">Pradella</a>&nbsp;has revealed what it envisages for the site.

They've submitted plans to the Brisbane City Council for <a href="/new-apartments/70-sylvan-road-toowong">Sylvan Residences</a>, 53 two and three-bedroom apartments across a 12-level building opposite <a href="/developments/toowong-qld-4066">Toowong</a> Memorial Park.

<a href="/architects/hal-architects">HAL Architects</a> have been tasked with the design of the building. They say it "evokes opulence,&nbsp;underpinned by the classic subtropical Queenslander vernacular," drawing inspiration from Toowong’s rowing history with a curved and sculpted form.

<img alt="Sylvan Residences" data-entity-type="file" data-entity-uuid="fdf4def8-8df3-4942-bd77-937b42fb6919" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sylvan%20Residences%20podium.png?VersionId=vx3uU1wkWOP5CXqNET960_C.JHWqoh6d" />

31 two-bed and 22 three-bed apartments have been pitched, above basement levels with 83 parking spaces.

A significant rooftop terrace will serve as a "lush oasis nestled in the urban convenience of Toowong," according to HAL.&nbsp;

Planned amenities include an infinity lap pool, fitness centre, steam room, sauna, community garden, private dining and lounge spaces, and barbecue facilities.&nbsp;

The landscaping and terracing are designed to complement Brisbane’s active, outdoor lifestyle, with views of the city and Mt Coot-tha.

<img alt="Sylvan Residences amenities" data-entity-type="file" data-entity-uuid="a5239aad-df11-4721-8153-65992dfe0862" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sylvan%20Residences%20amenities.png?VersionId=fkDuy6QaCqw9Lg_XW3I03JAH4EJZoBuB" />

&nbsp;

The town planning report by Plan A said "the proposal is consistent with surrounding development in the Toowong area and will provide a positive contribution to the streetscape."

Pradella <a href="/news/qld/pradella-secure-their-next-brisbane-apartment-development">bought the 1,083 sqm corner site</a> at 70 Sylvan Road for $6.1 million in late 2023.&nbsp;

CBRE’s Adelaide O’Brien and Will Carman, who facilitated the sale, noted strong developer interest in the suburb. O’Brien highlighted <a href="/developments/toowong-qld-4066">Toowong</a>’s appeal to both owner-occupiers and investors, adding that the site also provides Pradella with secure rental income while planning its development strategy.

Pradella is most known for its development in West End where they're behind the $1.5 billion Montague Markets mixed-use precinct.

First look exclusive: Pradella plot Sylvan Road, Toowong apartment development

The Brisbane River has well and truly come alive. In the last decade there have been billions in new developments, both apartments and mixed-use precincts that have changed the face of the waterfront in the Queensland capital. The completion of the redevelopment of Howard Smith Wharves in 2019 was a key milestone. The 3.4 hectares of prime riverfront underneath the Story Bridge is now a vibrant hospitality hub with several restaurants, bars, hotels, and event spaces.

The riverfront had to wait another five years before the completion of Far East Consortium’s $3.6 billion mega-precinct, Queens Wharf. The huge 12-hectare precinct, a new landmark for Brisbane, is home to four new luxury hotels, over 50 new restaurants, bars and entertainment experiences, luxury retail, and a state-of-the-art event centre, home to Brisbane’s largest hotel ballroom. Between the resort’s four towers, 37 metres above street level, is a 12,000 sqm, open-air Leisure Deck will deliver a mixed-use space for hotel guests and the public. The Leisure Deck features an Event Deck, expansive lawn area for sunset picnics and exclusive resort amenities overlooking the city skyline.

While there’s now limited land on the northern side of the Story Bridge and on the fringe of the CBD, there is still significant opportunity down the river for more waterside development. Economic Development Queensland is undertaking the largest urban renewal project in the state, and arguably the country. They are creating Northshore, a new mixed-use community on 304 hectares of previously industrial port land at inner-city Hamilton. The 40-year development, which started 10 years ago, is estimated to cost $12 billion.

There will be around 14,000 new homes built over the next three decades that will home roughly 24,500 residents. Over 25,000 employees will call Northshore their place of work, with an innovation and technology precinct covering over eight hectares of the precinct. That will comprise commercial, retail, and clean industrial businesses. In December, Northshore’s central precinct achieved a 6 Star Green Star – Communities certified rating. Northshore will also play host to Brisbane Athletes’ Village for the Brisbane 2032 Olympics and Paralympic Games.

While there have been major commercial developments that have driven huge economic boosts to Brisbane, the riverfront boom hasn’t been lost on some of states best new apartment developers. Don O’Rorke’s Consolidated Properties was quick to act back in 2021 when they snapped up the 1.5-hectare former ABC site on Coronation Drive in Toowong. The prime site, with 130m of waterfrontage, is also home to the heritage-listed Middenbury House, which is being restored as part of the new development, <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>. Monarch has been one of the best-selling developments across Brisbane in recent years, with nearly all of the apartments spoken for well before its late 2025 completion through Hutchinson Builders.

[smartcode_project:default project_id=113455 project_image_fid=211466]

Just a handful of penthouses remain in the two-tower project with nine of the 11 residences in the Penthouse Collection, which includes several riverside homes, snapped up in recent months. Predominantly local downsizers seized the opportunity, with an average sale price of $5.85 million. Colliers Director of Residential for Queensland, Andrew Scriven says the demand for Monarch’s top floors and unique River Homes has been incredibly strong, and the remaining penthouses will sell quickly.

"Since coming onto the market, the demand for these once-in-a-lifetime ultra-premium penthouse homes has been incredible," Scriven said.

"We’re continuing to see enquiry from local buyers as well as from out-of-state buyers. The level of interest in these homes speaks to the calibre and design of the Penthouse Collection."

[smartcode_project:default project_id=113455 project_image_fid=302322]

Consolidated Properties Group CEO and chairman Don O’Rorke says the development team’s vision was to deliver a super-premium residential project worthy of its unique north-facing location on the Brisbane River.

“The Monarch Residences penthouses offer unparalleled views, elegant design, and the kind of luxury living rarely seen in Brisbane,” O’Rorke said.

“Every apartment in the buildings is beautiful and in a class of its own – but with the penthouses, we’ve created a very small, exclusive set of residences that elevate themselves into a new class.”

[smartcode_project:default project_id=113455 project_image_fid=302440]

With Monarch nearly sold out, Brisbanites are now turning their attention to other opportunities to live by the river. The latest launch is in Teneriffe, where Kokoda Property Group—the developer behind The Ambrose and Ruby Ruby in Milton, as well as a major precinct project in Melbourne—has unveiled Teneriffe Banks (right and below). This development will be located on one of the last riverfront sites in the suburb, on Skyring Terrace.

Teneriffe Banks will feature five distinct, slender buildings housing over 200 residences, lofts, and penthouses, designed by Studio McCue, Cottee Parker Architects, and Carr. One of the buildings will house the first Kimpton Hotels &amp; Restaurants in Brisbane. The development will also offer an expansive commercial precinct, including more than 4,800 sqm of waterfront dining and retail space, as well as a redeveloped, purpose-built community centre.

[smartcode_project:default project_id=139896 project_image_fid=295098]

Before the official launch of Teneriffe Banks, there were $285 million worth of sales. Over half of the residences have already been sold in The Interloom and The Skyform buildings. The Interloom building connects the urban landscape with the waterfront, featuring up to 404 sqm luxury residences with soaring 3.8-metre ceilings and panoramic views. Perched above the soon-to-be-released Store House Lofts, The Skyform features more spacious apartments that offer up to 334 sqm of luxury living with four-metre ceilings and panoramic views of the Brisbane River and city skyline.

Residents of Teneriffe Banks will enjoy resort-style amenities, with each building including private dining rooms, personal wellness spaces, mineral baths, infinity pools, and exclusive access to the Canopy Club, one of the largest private members’ clubs in Queensland. The Ferry Building, a smaller-scale building, and The Skyform, merges Teneriffe’s historic woolstores with contemporary apartment design. Each Ferry Building home incorporates a large, private courtyard as an extension of the living space, with higher floors offering large terraces to entertain from.

[smartcode_project:default project_id=139896 project_image_fid=295102]

Supply on the river looks like it will continue over the coming years. The next project to launch will come from national developer Traders in Purple. Late last year they secured the prized 1.25-hectare West End site from Crown Group and have <a href="/news/qld/first-look-exclusive-traders-in-purple-plan-large-apartments-on-west-end-megasite">plans in with the Brisbane City Council</a> for around 130 apartments and 32 river and terraces homes designed by Rothelowman.

<img alt="Traders" data-entity-type="file" data-entity-uuid="31ace497-87de-4039-a9a2-2f8a5e103e6c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-27%20at%209.15.35%E2%80%AFAM.png?VersionId=tkYmoUNWZAVgREsNu6_gSHwbIXSNRwNo" />

Traders in Purple Director George Geagea said the size and location of the West End site presented a rare opportunity to create a remarkable lifestyle-focused destination just 4km from the Brisbane CBD. “We have long wanted to make our mark in Brisbane’s inner-city but we were prepared to wait until the right site came along.”

Another national developer, ICD Property, who is creating mixed-use towers in Adelaide and Sydney after a string of successful buildings in Melbourne, snared the well-known R&amp;F site on the West End riverfront. While they are yet to revise the plans, approval is there for seven towers with over 1000 apartments on the 1.68-hectare block. <a href="/news/qld/exclusive-icd-property-secures-riverfront-west-end-site-for-brisbanes-latest-multi-tower-precinct">ICD paid just under million</a> for the prime riverfront site that cost R&amp;F $82.5 million in 2015.

<img alt="ICD Property" data-entity-type="file" data-entity-uuid="4fc67d00-ac03-4d73-9b61-23cc39e4c20d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-27%20at%208.44.31%E2%80%AFAM.png?VersionId=ZW6VAMPpJSxSK2TrKj_qkfG_35_KdTg8" />

Plans have also been submitted <a href="/news/qld/multi-tower-precinct-planned-for-south-brisbane-riverfront">on the site next door</a> by concrete supplier Heidelberg Materials. Heidelberg, formerly Hanson, is also seeking to develop a new riverside community, which just falls into the suburb of South Brisbane rather than West End. Heidelberg had global design firm fjcstudio draw up plans for a 1.3-hectare precinct that will comprise three 50-level residential buildings with 620 apartments, a food and beverage plaza, and a 5,400 sqm public park (right).

Brisbane is poised for continued growth, following its strongest market performance in nearly four decades in 2024. According to CoreLogic data, unit values in the city surged by more than 16 per cent last year, marking the highest annual return since 1988. With a robust pipeline of projects in the works, Brisbane is set to maintain its upward trajectory, positioning itself as a serious contender to Sydney’s dominance. Last year Brisbane surpassed Melbourne to become the second most expensive property market in the country.

Brisbane is poised for continued growth, following its strongest market performance in nearly four decades in 2024.

Brisbane's riverfront renaissance, and the developers leading the charge

Builder-developer giant McNab is pushing on in both sales and construction at its new Gold Coast apartment development, Elements Budds Beach.

Over 60 per cent of the Azure Collection, the more premium two-bed plus MPR and three-bedroom apartments within the Oak Avenue building, have been snapped up by a mix of investors and owner occupiers.&nbsp;

The sales success comes off the back of McNab starting construction on site, demolishing the old three-level walk-up and old timber home on the amalgamated 1,013 sqm Oak Avenue and starting to excavate the four basement parking levels.

The building, of just 87 two, three and four-bedroom apartments that start from just over $1 million, has been crafted by<a href="/architects/cottee-parker-architects"> Cottee Parker</a> who says the design "pays homage to the sea and sky and responds to its unique midwater location with distinct simplicity and openness, bringing the waterways to its inhabitants."

[smartcode_project:default project_id=111522 project_image_fid=322242]

Set behind a curved, glazed façade, Elements apartments will feature open plan kitchen, living and dining areas that will extend to balconies with views across the Gold Coast skyline, hinterland, and beach.

As the building ascends, the apartments get more premium, and give way from the two-bed and two-bed plus multi-purpose rooms to half-floor three-bedroom apartments, as well as the soon-to-be-released Horizon Collection.

As demand for spacious, high-end apartments continues, McNab is preparing to launch the Horizon Collection, just a handful of four-bedroom apartments each with a multi-purpose room, panoramic views, a master retreat with a walk-in wardrobe and ensuite, and a built-in bar area with a custom stone finish.

&nbsp;

[smartcode_project:default project_id=111522 project_image_fid=322246]

The original plans back in 2021 had the communal facilities located within the building, but, in a trend seen across the majority of Gold Coast projects in the last few years, McNab more recently had Cottee Parker relocate them to the roof.

Now a full rooftop retreat, it will feature an infinity-edge pool with beach club-style loungers that actually sit in the water, several day beds surrounding the pool, and a sauna, hot plunge pool, and a yoga deck.

There will also be a poolside barbecue and teppanyaki area, as well as a private formal dining room and a gym.&nbsp;

[smartcode_project:default project_id=111522 project_image_fid=322250]

Elements will sit in a quiet pocket of Surfers, only a six-minute walk to Budds Beach and eight minutes to Surfers Paradise Beach.

It could be argued that viewlines, especially from the upper levels, are unlikely to ever be obstructed. This is due to the scale of the Paradise Resort Gold Coast hotel across the street, which is unlikely to be redeveloped anytime soon.

McNab is forecasting a completion date of around Q3 2027.

[smartcode_project:default project_id=111522 project_image_fid=322251]

<a href="/developers/mcnab-developments">McNab</a> as a builder has a diverse workbook across the whole of South East Queensland, from warehouse and office buildings to social housing projects.

As a developer, McNab recently completed White in Main Beach, selling all of the apartments prior to completion. The project won the 2024 Master Builders QLD Housing &amp; Construction Award, as well as Queensland’s Best Project in the $50m+ multi-residential category.

McNab also has several development sites in Brisbane, in West End and Highgate Hill, as well as<a href="/news/qld/first-look-exclusive-mcnab-shoots-for-full-floor-apartments-in-broadbeach"> plans for a future Broadbeach project</a>.

[smartcode_project_cta:default project_id=111522]

Sales success drives momentum at McNab’s Elements Budds Beach

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

Joel Robinson

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