A whole floor apartment in the Allure, Surfers Paradise complex has been sold for $3,615,000.

Apartment 8 is a three bedroom, three bathroom plus study residence.

It is one of only 12 whole floor apartments, plus the two storey penthouse at 1 Northcliffe Terrace.

The 8th floor includes exotic timber, granite, marble and European appliances.&nbsp;

It has 336sqm space with secure private entry foyer, plus three car garaging and storage.

It is set on the beachfront on the corner of Northcliffe Terrace and Enderley Avenue.&nbsp;

The boutique building offers direct beach access, gym, pool, spa and steam room.

It was sold by Russell and Bob Rollington at First National Real Estate Surfers Paradise having last sold in 2016 at $3.4 million.

The sixth floor sold earlier this year at $3.05 million having sold in 2016 at $3,265,000.

There is another project with the same name, Allure which is Macquarie York&rsquo;s new development, a 17-storey luxury residential tower constructed on Chevron Island in Surfers Paradise.

[smartcode_project:default project_id=21132 project_image_fid=33506]

It has been designed by award-winning Gold Coast firm BDA Architecture.

The apartment last sold at $3.4 million in 2016

jchancellor-FAypfDUnLy

$3.6 million Allure, Surfers Paradise apartment tops SEQ's weekly sales list 

A recently completed sub penthouse in the Adelaidean has been sold for $4.35 million topping the nation&#39;s weekly sales list.

It was the last remaining sub penthouse in the project undertaken by Kyren Group founder Theo Samaras.

The sale of three bedroom, three bathroom 3502/19 Frome Street was advised on sales websites by Nick Pelvay from Pelvay Group who listed it in April.

The adjoining sub penthouse was sold in June.

The 35th floor sub penthouse apartments have a private lift lobby.

No short stay accommodation (Airbnb etc) is allowed in the building which has become a mostly owner-occupier community among the 75 apartments.

The apartments sit atop Adelaide&rsquo;s newest hotel Crowne Plaza, with the residents having their own lift.

The hotel has 329 guest rooms located from the third floor to the 20th floor in the building designed by architects Brown Falconer. 
&nbsp; 
It has 3 metre high ceilings with Adelaide Oval, riverbank and parkland views.

The topping out of the 36 storey $150 million project was in late 2019 at 135 metres.

Construction got underway in February 2018 with completion achieved last year.

The site had contained a number of buildings and retail/commercial tenancies including Urban Cow Studio, The Rhino Room and Eckersley&rsquo;s Art &amp; Craft and a multilevel Wilson&rsquo;s car park.

Realm Adelaide with 310 luxury apartments in the 40-storey skyscraper ranks as the city&rsquo;s second tallest residential tower at 132 metres.

Designed by Elenberg Fraser, the $200 million tower was built by Maxcon for Parallel Property.

Both are taller than Westpac House, the 1988 office complex owned by Abacus.

Monument, a stalled 2017 approved Adelaide apartment project could see a construction start next year after the site at 300 Rundle Street was bought by Ross Pelligra&#39;s Pelligra Group.

It is set to be rebranded.

It was one of two sub penthouse apartments on level 35 in the Adelaidean

$4.35 million Adelaide apartment tops the nation's weekly sales list

The shift to larger apartment types has continued, according to Urbis.

Its latest survey on the sale of new apartments illustrates the highest level of three bedroom or larger apartments sales that has been recorded in the Urbis Apartment Essentials survey since it began in 2015.

"This flips the pre-pandemic result of Q3 2019 where 15% of apartments sold had 3 bedrooms or more, 53% had 2 bedrooms and 33% had one bedroom or were a studio"  the report noted.

It additionally calculated the actual size of each apartment type has been creeping up too, with the average 2-bedroom 2 bathroom increasing from 86 sqm to 91 sqm in the year to Q3 2021 and a 3-bedroom 2 bathroom increasing from 127 sqm to 134 sqm. 

The trend co-incides with owner occupiers making up a larger share of demand.

It noted owner occupiers ranging from 55% in Inner Brisbane to 75% in Sydney. 

Overseas buyers that were once a major driver of the apartment market have fallen from a peak of 29% in 2016 to only represent 5% of buyers in Q3 2021. 

Urbis noted this buyer pool has been significantly impacted by Covid induced restrictions on travel and inbound international students to Australia, along with foreign buyer taxes.


The pipeline of completions has trended down in 2021, most noticeably in Sydney and Melbourne

Shift to larger apartments continues to accomodate owner occupier preferences: Urbis

New apartment sales on the Gold Coast have hit an all-time high, officially making 2021 the hottest market since property consultancy Urbis began monitoring the sector.

The number of apartment sales for the September quarter surged to 690, bringing the total of new apartments sold on the Gold Coast in the first nine months of this year to 1,882.

Owner-occupiers continue to account for the majority of sales, totalling 61 per cent in the September quarter.

This figure has already eclipsed the previous full-year record of 1,556 sales in 2016.

[smartcode_project:default project_id=95606 project_image_fid=171657]

The Urbis Apartment Essentials report noted based on the September sales rate, only 2.2 months&rsquo; supply of new apartments remain available on the market should no new projects be released.&nbsp;

&quot;This is the lowest supply level ever recorded by Urbis for the Gold Coast and is down from 4.2 months&rsquo; supply recorded in the June quarter,&rdquo; said Urbis senior consultant Lynda Campbell.

&ldquo;Record high demand is meeting record low supply, which has led to the most acute shortage of new apartments ever experienced on the Gold Coast.&rdquo;

Just 517 apartments remained for sale at the end of September, down from 624 at the end of June.&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=183045]

These figures compare to 2,594 at the end of June 2018.

More than half of these, 335, were located in the Gold Coast Central precinct, comprising Labrador, Southport, Main Beach, Surfers Paradise and Broadbeach. However, the Southern Beaches from Mermaid Beach to Tweed Heads had the lowest supply with just 45 apartments.

&ldquo;All Gold Coast precincts are in major undersupply, and some areas will remain so despite a number of big projects in the wings expected to be launched over the next three to nine months.&rdquo;

According to Urbis, nine new projects comprising 774 apartments were launched in the September quarter, with two of these selling out within the three months. They were among 16 projects that sold out during the quarter.

[smartcode_project:default project_id=108327 project_image_fid=181290]

Urbis is now monitoring 59 new developments across the Gold Coast, down from a high of 84 in the fourth quarter of 2019.

The weighted average sale price in the third quarter eased to $883,478, slightly down from the $1 million-plus figures of the first two quarters of this year as sales increased in the more affordable precincts of Coastal Fringe and North Shore.

The weighted average sale price in the third quarter eased to $883,478, slightly down from the recent $1 million-plus

Gold Coast new apartment sales hit all time high: Urbis

The ANZ now forecasts a house price growth slowdown in 2022 and then a slight fall in 2023.

The latest update from ANZ predicts house price growth will peak in November or December this year at just above 21 per cent.

The ANZ senior economists, Felicity Emmett and Adelaide Timbrell titled their report Australia’s Housing Rolling Over.

They note the 21 percent will be the strongest growth since the late-1980s boom.

“But a slowdown is in sight, with tighter credit, rising fixed mortgage rates and a large increase in stock on the market combined with decreased affordability all set to dampen price growth in 2022.

“In 2023, we see prices falling modestly as higher fixed rates really start to bite.”

They expect average capital city housing prices to rise just over 6 per cent in 2022.

The 2023 decline is tipped to be around 4 per cent compared to ANZ's previous forecast of a small rise in 2023.

Brisbane will see the strongest house price gain in 2023 at 9%, followed by Hobart (+8%) Melbourne (+7%) and Sydney (+6%), Canberra (+4%), Adelaide (+3%) and Darwin and Perth (+3%).

The report envisages a second APRA market intervention in the interest rate serviceability buffer, or a measure which targets a combination of high debt-to-income and high-LVR loans.

But they suggest "the rise in fixed mortgage rates over the past few weeks may see lending slow enough to obviate the need for further macroprudential measures."

While a return to immigration in 2022 will be a plus, these negatives are likely to more than offset that positive, the economists say.



ANZ expect average capital city housing prices to rise just over 6 per cent in 2022

ANZ forecasts price growth in all capital cities in 2022

The number of apartments available for rent across inner Sydney has dropped 24 per cent since February, new data from CoreLogic shows.

The change comes amid rising demand from tenants seeking affordable housing options.

Inner Sydney rental listings had come down from 5348 to 4092 between February and the end of October.&nbsp;

Rental stock levels are now 10 per cent lower than March 2020 level having peaked in June.

CoreLogic research director Tim Lawless said one reason for the increased interest in inner city unit rentals was the price difference between apartments and houses.

[smartcode_project:default project_id=7758 project_image_fid=79424]

Capital city house rents have surged 10 per cent during the pandemic, while unit rents are at 0.3 per cent below pre-COVID-19 levels.

The average rent on an inner-city unit in Sydney has fallen by $21 a week since March last year.

Mr Lawless said rental demand for inner-city tenancies was likely to increase further as pandemic restrictions ease, workers gradually return to work and international borders re-open.

Lawless anticipates demand for inner city unit accommodation will rise &quot;substantially&quot;, as foreign students and international visitor numbers start to arrive in Sydney.

[smartcode_project:default project_id=7758 project_image_fid=150461]

The rental performance in apartments sees a similar trend in prices.

CoreLogic puts house values up 24 percent over the year across the combined capitals, rising at more than double the annual pace of apartments, which are up 11.8 per cent.

Sydney house values are up 30 percent compared to a 13 percent rise in apartment values.

The change comes amid rising demand from tenants seeking affordable housing options

Inner Sydney rental market improves for landlords: CoreLogic

The number of apartments available for rent across inner Melbourne has dropped by 46 per cent since February, new data from CoreLogic shows.

CoreLogic suggested it was because of rising demand from tenants seeking affordable housing options.

It calculated inner Melbourne&rsquo;s rental stock had dropped from 9439 in February to 5074 at the end of October.&nbsp;

Peak listings were in November last year.

[smartcode_project:default project_id=2806 project_image_fid=175417]

Apartments rental listings are now 23 per cent below pre-pandemic level.

One reason for the increased interest in inner city unit rentals was the price difference, CoreLogic research director Tim Lawless said.

Capital city house rents have surged 10 per cent during the pandemic, while unit rents are at 0.3 per cent below pre-COVID-19 levels.

The average rent on an inner-city unit in Melbourne has fallen by $91 a week since March last year.

[smartcode_project:default project_id=3260 project_image_fid=62315]

It sits 18 per cent below the pre-COVID high.

Mr Lawless said rental demand for inner-city tenancies was likely to increase further as pandemic restrictions ease, workers gradually return to work and international borders re-open.

Lawless anticipates demand for inner city unit accommodation will rise &quot;substantially&quot;, as foreign students and international visitor numbers start to arrive in Melbourne.

[smartcode_project:default project_id=2929 project_image_fid=137897]

The rental performance in apartments sees a similar trend in prices.

CoreLogic puts house values up 24 percent over the year across the combined capitals, rising at more than double the annual pace of apartments, which are up 11.8 per cent.

Melbourne house values rose 19 percent over the year compared with a nine percent gain in unit values.

CoreLogic noted rising demand from tenants seeking affordable housing options

Inner Melbourne rental market improves for landlords: CoreLogic

A 503 square metre Preston site, zoned General Residential, has been listed for sale.

Teska Carson has listed the property on behalf of the Royal Children’s Hospital.

The 82 St Georges Road property has a Californian Bungalow style residence in original condition.

According to marketing agent, Teska Carson agent George Takis, the sale provides buyers with enormous potential as a development opportunity (STCA), in one of Melbourne’s most popular inner suburbs.

The property will be auctioned December 11.

"General Residential zoning aims to encourage a diversity of housing types and housing growth, particularly in locations offering good access to services and transport," he noted.

The 503 square metre site, zoned General Residential, has 14 metres street frontage

Preston housing development site listed for sale

An offshore-backed developer has purchased a prime apartment development site at Hawthorn East.

The $7.5 million comprises a 1,592 sq m on Riversdale Road.

It came with a flexible Residential Growth Zone 1. 
 
The deal was negotiated by Julian Heatherich of Savills Australia, its second sale within recent months on Riversdale Road, with both development sites transacting to groups with financial ties to Asia.

“This buyer group has grown increasingly prominent in the luxury development market and we are witnessing increased demand for large scale inner city development opportunities from local, interstate and international buyers," he said.

A Chinese developer has paid $9.7m for the nearby apartment development site at 43 Riversdale Road.

The sales team took 152 enquiries throughout the campaign for the site that holds a permit for a luxury project of 31 apartments.

$7.5 million Hawthorn East apartment site sold to Asia linked development company 

Defence Housing Australia (DHA) is seeking expressions of interest for a commercial land parcel located within its north west Sydney master-planned residential community Akuna Vista, Nirimba Fields.

The one hectare Zoned B2 Local Centre development site will provide the estate's retail and community precinct. 

The land sales in the Akuna Vista development was launched in May 2018. 

The master plan for the 140-hectare development will eventually comprise of 1,174 residential lots.

It is expected to accommodate 3,640 residents. Akuna Vista was previously naval air station, HMAS Nirimba boasting an intersecting set of 3 runways in a triangle formation.  

The estate includes proposals for a new primary school and major sporting and recreational hub.

It recently undertook its eighth release with lot sizes raning between 300 sqm and 513 sqm while land registration for the 110 lots in sales release 5 and 6 are due this month.

Civil construction on the 130 lots (Sales Release 8, 9 and 10 on the Master Plan), are planned to commence construction this month. 

Planning is underway for a new park in Nirimba Fields with the 12-hectare park coming with a hockey facility and the new home for netball in Blacktown.

DHA General Manager, Brett Jorgensen advised that Akuna Vista was being developed with regard to contemporary urban design, sustainable urban planning and amenity.

‘These principles ensure that the sales rates have far exceeded forecasts and has placed Akuna Vista as one of the most popular estates in Sydney’s northwest,’ Mr Jorgensen said.

Matrix Property Group managing director, Andrew Antonas is taking offers until December 8.

Completion is expected by 30 June 2022 following registration of land titles by the Defence Housing Australia, a Government business enterprises, established in 1988 to provide housing and related services to Defence members and their families.

It is active in Australian residential housing and investment markets and is one of the largest property managers in Australia, with 18,000 properties under management, worth around $11 billion. 

Around 13,150 properties are managed on behalf of investors.

The master plan for the 140-hectare development will eventually comprise of 1,174 residential lots and accommodate 3,640 residents. 

DHA progresses Akuna West master planned community in Sydney's north west

For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

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."

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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.

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<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.

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Jonathan Chancellor

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