Plenary Group's Pariter and Watermark Living have partnered with plans deliver a luxury retirement village and upgraded club facilities at Chatswood Golf Club in Sydney’s north.

Watermark Chatswood will have 106 luxury two- and three-bedroom independent living units, a new clubhouse and facilities, a wellness centre and a major golf course upgrade.

Pariter CEO John Innes said construction will begin early-2022 and be completed by the end of 2023.

Pariter is also in the early stages of partnering with Cumberland Country Golf Club in Greystanes in Sydney’s west on a 196-unit development, new clubhouse and wellness centre.

Pariter’s first project, Heathcote Grounds in the Sutherland Shire in Sydney’s south, is now fully sold.

Due for completion in 2022, the development comprises 55 quality, low-rise townhouses and apartments on the edge of Royal National Park and the restoration of one of the few State-significant  heritage-listed homes in The Shire, Heathcote Hall.

Launched in 2020, Pariter is a development company focused on the origination, development and management of community infrastructure. 

It works with community associations, organisations and clubs to improve facilities and deliver sustainable residential and commercial developments that unlock value that can be reinvested back into core facilities, ensuring their long-term future through the provision of diversified income streams. 

A wholly owned subsidiary of Plenary Group, Pariter provides Plenary the opportunity to be engaged across the whole infrastructure spectrum, investing in delivering and improving local community infrastructure in addition to its public infrastructure portfolio

Launched in 2020, Pariter is a development company focused on the origination, development and management of community infrastructure. 

jchancellor-FAypfDUnLy

Plenary Group's Pariter unveils latest apartment project

Mirvac has provided an update on sales in its Forme apartment building within its highly sought-after Tullamore community in Melbourne&rsquo;s eastern suburbs.

The recently launched project has seen 28 percent of its Doncaster apartment sold since July.&nbsp;

Set within the tranquil former 47-hectare Eastern Golf Course in Doncaster, Forme will feature 93 residences at 57 Stables Circuit.

Mirvac head of residential, Stuart Penklis, noted, in releasing its first quarterly operational update for the financial year 2022, that Forme ranked among the major apartment releases underpinning Mirvac&#39;s future earnings.

[smartcode_project:default project_id=100322 project_image_fid=163035]

Forme is the final stage at their apartments of Tullamore project in Doncaster.

Penklis says that Forme is an evolution of apartments of Tullamore&rsquo;s earlier successful apartment buildings, Phoenix and Folia.

He&#39;d previously advised apartments of the Tullamore buildings had achieved strong sales with notable interest from owner occupiers looking to downsize from larger family homes.

Forme features generous floorplans, with apartments spanning seven levels and ranging from 51 square metres to 179 square metres in size.

[smartcode_project:default project_id=100322 project_image_fid=163028]

Designed by Mirvac&rsquo;s in-house design team, the residences are available in one, two, three and four-bedroom configurations.

Apartments will be available in two luxury colour schemes, with wool blend carpets, timber look joinery, brushed nickel tapware, reconstituted stone benchtops, Villeroy and Boch sanitaryware and Miele appliances.

Landscape architect Paul Bangay has curated the project&rsquo;s sculptured gardens with more than 20 per cent of Tullamore is devoted to green open spaces, including pocket parks, adventure playgrounds, undercover barbecue and picnic areas.

[smartcode_project:default project_id=100322 project_image_fid=167733]

Future Forme residents will also have access to the Stables Provedore Caf&eacute;, as well as the multi-million-dollar Next Gen Health &amp; Lifestyle Club, complete with indoor and outdoor pools, tennis courts, restaurant dining, a private spa and creche facilities.

Located just 13 kilometres east of Melbourne&rsquo;s CBD, residents will be close to an array of high-quality amenity, including shopping, education and local transport hubs.

Its completion is scheduled for the end of 2022.&nbsp;

[smartcode_project_cta: project_id=100322]

Construction of FORME is expected to see completion at the end of 2022

Demand ramps up for Mirvac's Doncaster apartments Forme, the last slice of the Tullamore community

Mirvac says demand for off-the-plan apartments is picking up.

The number of sales leads for new apartment has hit the highest level in 2½ years, the ASX-listed Mirvac advised in a market update.

It advised project-specific leads – phone calls, website registrations and visits to sales offices – rose in the September quarter to the highest number since the same quarter in 2017.

It was driven by owner-occupiers selling their family homes.

Mirvac exchanged 902 lots during the quarter, which saw 75% being exchanged in NSW and Victoria.

Of these 90% were in masterplanned communities (MPC), delivering the highest first quarter of exchanges on record for MPC.

Owner-occupiers continued to drive sales, representing 76% of total sales. Investors represented 24%, with less than 1% being offshore buyers.

Mirvac’s CEO Susan Lloyd-Hurwitz noted the market was "challenging."

"As we expected, government-mandated lockdowns in Sydney and Melbourne have slowed our recovery.

“Nevertheless, Mirvac’s forward momentum continues. 

"We maintained strong sales across our residential business, continued to progress our diversified commercial and mixed use development pipeline, and further expanded our funds under management."

Reporting its first quarterly operational update for the financial year 2022, Mirvac achieved 902 residential sales, with pre-sales increasing to $1.3 billion plus its settled 551 residential lots.

The settled Victorian residential lots included 123 apartments at Voyager at Yarra’s Edge in Melbourne, 74 at Smiths Lane, 57 apartments at Folia, Tullamore, 
and 53 lots at Woodley. 

The overall default rate remains low at 2.3%, it advised.

It is on track to deliver 2,500 lot settlements in FY22.

NINE at Willoughby is set to be launch in the current quarter, along with The Frederick at Green Square which will be launched 2Q22.

The Langley at Waverley sees construction underway.

Its update advised that the launch of Forme at Tullamore in Melbourne was also underpinning future earnings.

Mirvac says its leads for off-the-plan apartments have jumped to their highest level in 2½ years

Mirvac sees uplift in off the plan purchasing interest

One of Australia’s largest privately-owned construction groups, Built, has announced the appointment of Gabrielle Trainor to its board.

“It’s exciting to be part of a great company in the next era of its evolution,” she said.

The construction has been responsible for residential projects across Australia including luxury beachside apartments in North Fremantle for repeat client Mirvac and student accommodation for Scape at the old CUB site on Swanston Street, Melbourne.

It enjoys $1.7 billion annual revenue with project sizes from $50,000 to $500 million plus, with $3 billion plus of work in hand.

Some 78% of its clients is repeat work.

Ms Trainor joins chair of the board, Wal King, along with independent director, Dieter Adams.

The executive chairman and founder is Marco Rossi and its CEO managing director is Brett Mason.

Trainor's directorial experience covers more than 25 years on boards in the public and private sectors ranging from infrastructure, urban development, financial services, transport to sports, arts and culture.

She is a member of the boards of Infrastructure Australia and the Victorian Government’s Major Transport Infrastructure Authority. She is a director of the ACT City Renewal Authority. 

She chairs the Construction Industry Culture Taskforce, a joint project of industry, academe and the NSW and Victorian governments. She is a former member of the advisory boards of Leighton Contractors (now CIMIC Group) and Aqualand.

She chaired the arts and culture panels of the Docklands Authority and the Barangaroo Delivery Authorities and chaired the reference group for Infrastructure Australia’s 2019 paper on Future Cities.

Since 1998, Built has grown to be a national diversified general contractor, with revenue of $1.7bn and over 1,000 employees across Australia, New Zealand and the United Kingdom.

Gabrielle Trainor's directorial experience covers more than 25 years on boards in the public and private sectors

Built appoints Gabrielle Trainor to its board

Sales are continuing apace at the Ocean Tower development in Surfers Paradise.

Meriton Apartments has advised more than 65 per cent of apartments in the tower are now sold.

&ldquo;It is a tall building so we are selling it in stages,&quot; Meriton boss Harry Triguboff said.

[smartcode_project:default project_id=7974 project_image_fid=72341]

&quot;We have sold more than 80 per cent in the first stage and in the second higher stage we have sold more than 50 per cent of the apartments,&quot; he confirmed this month to The Australian.

The tower will be home to both luxury residential and hotel suites under the Meriton Suites brand.

Ocean, rising 76 storeys against the Gold Coast skyline, is has been designed by architects SJB.

[smartcode_project:default project_id=7974 project_image_fid=72339]

Ocean will be Triguboff&#39;s 19th tower on the Gold Coast.

It will be the third tallest tower in the Gold Coast area.

Ocean will be home to 404 apartments starting from level 33, featuring views which will tower over the neighbouring buildings.

[smartcode_project_cta: project_id=7974]

More than 65 per cent of apartments in the tower have been sold in Ocean

Meriton Apartment's Ocean, Surfers Paradise hits 65 percent sold

Stockland has seen increased demand for house and land packages within its communities.

The September quarter saw an 8 per cent increase to 1,947 lot sales compared to the same period last year.

Stockland&rsquo;s new chief executive and managing director Tarun Gupta told his first annual general meeting that it was &quot;strong residential sales momentum with new inquiries remaining elevated.&quot;

There was a &quot;depth of unsatisfied demand.&quot; There were over 14,000 inquiries taken in the September quarter.

It noted there had been temporary construction shutdowns during the quarter.&nbsp;

Gupta noted the shortage of timber had eased.

The developer is restocking its land holdings, with around 5900 lots acquired including 1400 lots across Victoria and 4100 lots in Western Australia.

Last month Stockland announced the acquisition of <a href="/news/nsw/stockland-expands-its-future-clydesdale-estate-house-and-land-offerings">two future precincts of the NSW Clydesdale estate</a> in Sydney&rsquo;s strongly performing north western growth area.

The number of residential sales completed over the September quarter increased 8 per cent

Stockland sees rise in house and land package sales

Capital city apartment rents have increased by around 5 per cent compared with a 7 per cent rise in city house rents since the start of this year, according to CoreLogic.

&ldquo;Rental demand is being deflected back towards inner-city precincts as other areas become less affordable for renters,&rdquo; suggests Tim Lawless, director of research for CoreLogic.

Average capital city apartment rents across Australia have seen a fall of around 1 per cent, according to CoreLogic between March 2020 and September this year.

Melbourne&rsquo;s apartment sector has been the weakest (with rents down 7 per cent), followed by Sydney (down 1 per cent).

[smartcode_project:default project_id=3260 project_image_fid=62315]

Lawless advised that growing investor demand for apartments was driving recovery.&nbsp;

&ldquo;Investor demand has historically been skewed towards the medium- to high-density sector, probably because of the lower maintenance and often higher yields associated with higher density-style dwellings,&rdquo; he told The Australian Financial Review.

It has been noted investor mortgage demand had increased from a record low of around 23 per cent to more than 30 per cent.

[smartcode_project:default project_id=2806 project_image_fid=175415]

Apartment price rises have slipped well behind houses while yields have risen, which makes it more attractive to many investors, according to CoreLogic.

&ldquo;Both the lower entry point and higher yield profile may be an attractive option for investors as they become more active in the housing market,&rdquo; Lawless says.

&ldquo;Once international borders reopen, it&rsquo;s likely rental markets will see an immediate and positive impact as migrants, such as students, seek out rental accommodation.&quot;

Apartment price rises have slipped well behind houses while yields have risen, which makes it more attractive to many investors, according to CoreLogic

Rental prices beginning to rise in inner city markets: CoreLogic

The NAB Residential Property Index has dipped in Q3 from a survey high in Q2.&nbsp;

&quot;With market data showing house prices slowing, sales easing, and building approvals falling, the survey is also pointing to a market that has passed its peak,&quot; the latest industry wide survey suggested.

Sentiment softened in most parts of the country and was still lowest in Victoria.

While confidence fell again, it was still above average.

With the survey expectation for house prices in the next 12 months to outpace rents, gross yields should fall before levelling out in two years&rsquo; time as prices and rents rise at a similar pace, the latest update noted, while some states (WA, the NT and ACT) may see yields rise.&nbsp;

[smartcode_project:default project_id=107514 project_image_fid=170767]

&quot;With strong building demand and shortages of materials reportedly causing building costs to rise strongly, construction costs surpassed a lack of development sites as the biggest impediment for new housing development,&quot; the report noted.

In established markets, property professionals identified a lack of stock as the biggest constraint facing buyers in all states.&nbsp;

The survey also found that though foreign buyers are still bit players in local housing markets, a significant net number of property professionals now expect their market share to rise in the next 12 months, especially in new residential markets.

&quot;We have slightly revised up our forecast for dwelling prices in 2021 based on stronger than expected outcomes in recent months as well as small upgrade to our expectations for Q4 and early-2022,&quot; Alan Oster,the NAB chief economist suggests.

[smartcode_project:default project_id=107514 project_image_fid=170760]

&nbsp;Overall, that sees a very strong rise in house prices in 2021 but a sharp slowing in 2022 as the impact of lower interest rates fades and affordability constraints begin to bind.&nbsp;

&quot;Our outlook is generally similar across states, but the relative performance in the year to date sees Sydney and Hobart print very strong outcomes, with Melbourne and Perth seeing softer (but still strong) outcomes,&quot; he said.

&quot;Overall, the property market held up remarkably well despite the disruptions to the economy with strong support provided by policy makers and little labour market fallout through the pandemic.&quot;

Alan Oster, the NAB chief economist suggests there could be a sharp slowing in price growth in 2022


Residential sentiment may have passed its peak: NAB survey

A high rise development at Box Hill, in Melbourne’s east, has been listed with $7 million hopes.

Offers from developers are due by November 11 with mid-$7 million expectations.

Located at 4 Shipley Street, just off Whitehorse Rd/Maroondah Hwy and 150 metres from Box Hill shopping centre, the property currently comprises a single level warehouse.

The mixed Use zoned site allows housing at higher densities.

The property will be sold subject to a 12 month lease to Box Hill Panels at $123,341 per annum net. 

Marketing agents, Teska Carson’s Stephen Speck and Michael Ludski, said the site would provide the successful purchaser with an "outstanding development opportunity" within what has been dubbed Melbourne’s `second city’. 



The 1013 sqm site is expected to fetch in the mid $7 millions

Box Hill apartment development site listed with $7m hopes

Apartment listings freshly added to 2021 spring market have risen 39% in the past four weeks, compared to a 24% rise in new house listings.

Compared with the pre-COVID five-year average, new house listings are still trending 5.5% lower, according to CoreLogic.

However unit listings are trending 11% higher.&nbsp;

&quot;Given the relative popularity of detached housing through the pandemic, buyers may still find the volume of house listings relatively constrained,&quot; Eliza Owen at CoreLogic advised.

[smartcode_project:default project_id=5328 project_image_fid=155345]

Owen noted national house values have increased 22.9% in the 12 months to September compared with a 12% rise in units.

The new listings uplift in total stock has especially been across Melbourne, Sydney and regional Victoria.&nbsp;

[smartcode_project:default project_id=2806 project_image_fid=175417]

Smaller increases have been seen across regional Tasmania, Hobart and the ACT.&nbsp;

&quot;However, every other regional and capital city market is experiencing a fall in total stock levels,&quot; Owen added.

&quot;Based on what has been observed in previous years, new listings volumes are likely to continue rising over the coming weeks, before a seasonal decline from around mid-to-late November.&nbsp;

[smartcode_project:default project_id=1260 project_image_fid=177638]

&quot;The highest growth in listings still seems concentrated in less desirable markets for owner occupiers, such as in the unit segment and across high investor concentrated markets across Sydney and Melbourne.&nbsp;

&quot;While there are signs vendors are responding to the high price growth in some of the popular or coastal markets, which could create more bargaining power for some buyers, listings volumes are in many cases still well below historic averages.

&quot;With investor activity also stepping up through 2021, the lift in advertised supply across areas more aligned with rental housing is arguably well timed,&quot; she said.

The new listings uplift in total stock has especially been across Melbourne, Sydney and regional Victoria. 



Spring 2021 established apartment listings on the rise: CoreLogic

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>.

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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.

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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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