The residents of NSW are being invited to participate in a NSW Government survey to inform policy on housing choice and urban design.

Minister for Planning and Public Spaces Rob Stokes said the survey will provide key insights into what people value most about their homes and local surroundings.

“COVID-19 has given us all a fresh perspective on what we love about where we live, and so we’re asking people to tell us what’s important to them when it comes to their homes and neighbourhoods,” Mr Stokes said.

“During the pandemic our homes have been transformed into schools, offices, even gyms, so this feedback will help us better understand housing needs for the future.

“Our homes have always been determined by what planning regulations permit and what the market provides, but we want to hear directly from the people who will be living in these homes in the years to come.”
NSW Government Architect Abbie Galvin said the survey would play a vital role in helping to inform the final Design & Place State Environmental Planning Policy.
 
“We’re spending more time at home and in our local neighbourhoods and the way we’re using them is changing. Their design is significant for our mental and physical health, how we deal with urban heat impacts and climate change,” Ms Galvin said.
 
“We need to hear directly from the community about these issues so we can help deliver the homes they want in the places they want to live.”
 
The survey will be conducted across a representative group of 800 people in NSW including home owners, renters, families and individuals of varying demographics. 
 
Members of the community are also encouraged to participate in the survey which is open from 9am Friday, 10 September to Friday, 17 September 2021 by visiting www.planning.nsw.gov.au/designandplacesepp  

The draft Design and Place SEPP will go on public exhibition later this year and will provide another opportunity for community feedback on the new policy.

Members of the community are also encouraged to participate in the survey which is open from Friday 10 September to Friday, 17 September 2021

jchancellor-FAypfDUnLy

NSW residents asked to inform policy on housing choice and urban design

JLL has sold an approved land subdivision in Bracken Ridge for $5.55 million
 
The North Brisbane site attracted interest from more than 100 groups.
 
JLL QLD Metro Sales & Investments agents Jake Burrowes and Tim Jones secured the sale of 407 to 413 Bracken Ridge Road to an established Brisbane-based developer.
 
The two hectare site is zoned Emerging Community.

It was recently granted development approval for a 35-lot land subdivision, with lots ranging from 400sqm to 565sqm.
 
Jake Burrowes recently joined JLL from a town planning background to apply his knowledge and skill set to land opportunities across South East Queensland.

With the approval in place, the land generated significant interest from both local and interstate developers with very competitive bidding at the close,he said.
 
Mr Burrowes said the sale represented approximately $158,000 per approved lot.
 
“The demand for sites from the Sunshine Coast down the Gold Coast is far outweighing supply, and new pricing benchmarks are being achieved for both house and land, and townhouse subdivision opportunities, as developers look to secure their next projects.”
 
JLL Metropolitan Sales & Investments confirmed the sale marks more than $100 million in settled development site sales for JLL this year, 

The demand for sites from the Sunshine Coast down to the Gold Coast is far outweighing supply, according to JLL Metropolitan Sales & Investments

$5.5 million Bracken Ridge house and land subdivision site sale

The West Australian State Budget offered a rebate of up to $50,000 of transfer duty for buyers who sign pre-construction contracts for a residential apartment in multi-tiered strata.

Originally due to expire in October 2021, the scheme has been extended a further two years.&nbsp;

The WA Government announced they will be extending the off-the-plan stamp duty rebate until 24 October 2023.

But it is at a reduced rate of 50 per cent (down from 75 per cent).

The scheme will now operate for pre-construction contracts entered into between 23 October 2019 and 24 October 2023.

[smartcode_project:default project_id=26734 project_image_fid=153697]

The rebate amount is for a pre-construction contract between 23 October 2019 and 23 October 2021 (inclusive) to purchase a new residential unit or apartment in a multi-tiered development - 75 per cent of the duty paid, capped at a maximum of $50,000;

for a pre-construction contract between 24 October 2021 and 24 October 2023 (inclusive) to purchase a new residential unit or apartment in a multi-tiered development - 50 per cent of the duty paid, capped at a maximum of $50,000.

The 2021-22 State Budget includes a $26.2 million allocation for the rebate extension.

The rebate amount had since inception been the equivalent to 75% of the transfer duty paid and capped at $50,000 for units that have yet to begin construction and $25,000 constructions that are underway.&nbsp;

[smartcode_project:default project_id=8266 project_image_fid=158116]

There was no cap on the purchase price and the scheme can be accessed by buyers who already own property.

REIWA President Damian Collins said the Institute was pleased to see the two-year extension to the off-the-plan stamp duty rebate.

&quot;We are pleased the off-the-plan stamp duty rebate has been extended, albeit at a reduced rate, and urge the WA Government to consider making this a permanent feature of the states property tax system to ensure an ongoing pipeline of projects, a steady supply of diverse housing and to aid in the creation of jobs for West Australians,&quot; Mr Collins said.

[smartcode_project:default project_id=7864 project_image_fid=142658]

The mining state posted a $5.6 billion surplus for the 2020-21 financial year, which was $2.5 billion more than anticipated given royalties paid by its iron ore sector.&nbsp;

WA&rsquo;s prior biggest surplus was $2.7 billion in 2007.

West Australians are being urged to consider apartment living, with a stamp duty rebate extension in the State Budget

West Australian off the plan apartment stamp duty rebate gets two year extension

The freehold interest in Surfers Paradise’s popular Irish pub, the D’Arcy Arms has hit the market, providing a sought after residential-tourism opportunity.

Located at the corner of 2921 Gold Coast Highway and Aubrey Street, the offer comprises the D’Arcy Arms and a neighbouring site that is currently a car park. 

It is 250 metres from the beach.

This 3,154sqm site is an amalgam of two lots and is zoned High Density Residential, with no height restrictions.

Vendor Mick Power, Chairman of BMD Group, has appointed Mark Witheriff and Daniel Doran from CBRE Gold Coast and Paul Fraser from CBRE Hotels, to manage the expressions of interest campaign.

It closes on October 6.

Power bought the pub in 2004. It had been trading since 1988.

 “The D’Arcy Arms and adjoining land is in a development hot spot near Northcliffe where activity continues to increase as developers seek to meet sustained market demand, with major developers such as Central Equity and David Devine recently announcing new projects in the area,” Mr Witheriff said.

The Star Casino, Gold Coast Convention & Exhibition Centre and the Pacific Fair Shopping Centre are all within a short distance, with the Gold Coast Airport a 35-minute drive. 

The light rail station is just a short stroll from the site and connects patrons from Helensvale to Broadbeach.

Located at 2921 Gold Coast Highway, the offer comprises the D’Arcy Arms hotel and a neighbouring site that is currently a car park

Surfers Paradise apartment development site listed

The Singapore-based accommodation company Ascott has secured full ownership of Quest, Australia’s biggest serviced apartment provider.

Ascott has acquired founder Paul Constantinou’s remaining 20 per cent stake.

The sale comes after the dire situation in Australian tourism which prompted Quest franchisees to stop paying rent to investor landlords during last year’s pandemic lockdown, resulting in several closures.

Constantinou made a LinkedIn post to confirm the sale of his remaining stake.

I “officially say goodbye” he noted.

He founded Quest in 1988 with premises in Fitzroy which has since become over 170 franchised properties.

It was in 2017 when the Singapore accommodation group, a subsidiary of real estate giant CapitaLand, took its ownership of Quest to 80 per cent after acquiring a further 60 per cent of the business for $193 million.

The initial stake was bought in 2014.

No sale price has been given for the latest tranche.

He departed the senior leadership team in July when hotel veteran David Mansfield took charge of the group.

Singapore-based accomodation company Ascott has secured full ownership of Quest

Quest serviced apartment founder Paul Constantinou sells to Ascott

Hutchinson Builders has been announced as the construction firm to deliver the $57 million Coolangatta apartment project, Cala Dei.

The project is set to rise on the site currently occupied by Komune Resort.

The 31 apartments expected to be completed in the first quarter of 2023.

The 12 level apartment complex, designed by bureau^proberts, will sit in landscaping by CUSP.

Spyre Group officially launched its new Coolangatta tower in April with its four week sell out credited as one of the fastest selling projects ever on the Gold Coast.

It marks a fourth consecutive sell-out for the company on the Gold Coast, the $79 million Elysian Broadbeach, $25 million MAYA Kirra Beach, and the currently under construction $77 million Natura, Burleigh..

Prices ranged from $779,000 in Cala Dei to its $7.1 million penthouse sale.&nbsp;

Spyre Group bought the 862 sqm Marine Parade site from a company directed by Komune Resort owner Anthony Cannon and Fitness First founder Tony de Leede.

It has recently acquired a beachfront site to be launch later this year.

Australia’s largest privately owned construction company, Hutchinson Builders will deliver the sold out project

Hutchinson Builders to deliver Spyre Group’s Coolangatta apartment project, Cala Dei

The US private equity firm Apollo Global Management has bought a 50% stake in MaxCap, the Australian real estate debt specialist that lends extensively to apartment developers.

Wayne Lasky and Brae Sokolski, who founded MaxCap 14 years ago, have each sold 25% stakes to Apollo.

They will continue to run the business under the MaxCap brand.

It is envisaged that the non-bank will accelerate their business to better compete with local banks.

MaxCap recently provided Franze Developments with a $97 million first-mortgage facility to build its two-tower residential and hotel complex in Geelong which will have an end value of $200 million. 

It investment arm has financed a 16-level apartment project in Sydney’s Chatswood with developer Central Element.

MaxCap provided recent funding to the Chateau project in Castle Hill, by developer Stonebridge Projects.

On Queensland's Gold Coast Maxcap provided a first mortgage construction facility to S & S Projects for the 11-storey luxury boutique apartment project, Awaken.

The price of the Apollo transaction has not not disclosed, but IPE Real Assets reported that the deal values MaxCap “north of $300m.”

Lasky told IPE Real Assets that the deal was “industry-defining” as it enabled the firm to compete directly with traditional lenders in the $300bn commercial real estate debt market.

“Apollo has given us the chance to challenge the anachronistic notion that the banks will always be the primary source of real estate credit, and to capitalise on the real tectonic shift in credit formation [coming] from super and pension funds, insurers and family offices,” he said.

“You have US$18trn of global supply of negative-yielding bonds, so it makes sense for that changing formation of credit to be searching for yield.

Since its inception, MaxCap has written more than 450 transactions valued at $12bn. 

Over that period, Laksy said, it had delivered full principal and interest to investors, which included Dutch pension fund investor APG and AustralianSuper.

The Australian Financial Review reported the big four banks account for about 70 per cent of the commercial real estate lending market but due to regulatory requirements such as holding more tier 1 capital on their balance sheets, their exposure would likely fall until it was about a 50-50 split with non-bank lenders.

Wayne Lasky and Brae Sokolski, who founded MaxCap 14 years ago, have each sold 25% stakes to Apollo

Apartment developers to benefit as Apollo boosts reach of property lender MaxCap

Stockland has announced the acquisition of two future precincts of the Clydesdale Estate residential development site in Marsden Park from BHL Group, in Sydney’s strongly performing north western growth area.
 
The Clydesdale Estate precinct is zoned for residential use and sits adjacent to Stockland’s successful Elara masterplanned community. 

The precinct will add approximately 340 lots, building on the recent acquisition of The Gables at Box Hill.
 
Stockland CEO of Communities, Andrew Whitson said it was "a great opportunity" to expand our landholding within Marsden Park.
 
“The acquisition aligns with our strategy to restock our development pipeline with market-ready projects in well-connected corridors close to transport, schools, jobs and infrastructure. 
 
“This corridor remains significantly under supplied, and we expect our communities in this corridor to continue to attract good demand from homebuyers in the medium term, with record-low interest rates and an increased customer demand for homes in high quality masterplanned communities.”
 
Stockland’s General Manager of NSW Communities, Richard Rhydderch, noted Stockland has $8.1 billion invested in New South Wales.
 
“The acquisition of the Clydesdale Estate precincts will see Stockland expand its offering at Elara with a range of housing options, good access to the local infrastructure, services and great parks and open spaces we’ve created at Elara.
 
“As part of our plans for the site, we will restore the Clydesdale House heritage precinct, and work with local authorities to create an additional open space area for the entire Elara community to access and enjoy.”
 

The Clydesdale Estate precinct is zoned for residential use and sits adjacent to Stockland’s successful Elara masterplanned community

Stockland expands its future Clydesdale Estate house and land offerings

A 50 hectare urban regeneration project at the Bradmill factory site in Melbourne&rsquo;s Yarraville has been sold.

The site is tipped to yield 3750 dwellings in a project by ASX-listed Irongate together with Frasers Property Australia.

The former denim factory on Francis Street is featured on the abandonedplaces website.

The Australian Financial Review reported Irongate struck the $225 million deal in late August, partnered by the Australian arm of Singaporean based developer, Frasers.

It was sold by Fortune New City (Yarraville) Development, a company controlled by Kairan Han, which paid $121.8 million in 2016.

The Yarraville site was long owned by former Carlton football club vice-president Colin De Lutis, who took over the Bradmill business after it fell into receivership in 2002.

Brad mill had been Australia&#39;s largest denim manufacturer.

Irongate was formerly known as Investec Australia Property Fund.

The former denim factory is set for an urban regeneration project

Yarraville urban regeneration site bought by Irongate/Frasers Property partnership

Construction of Brookfield Residential Properties&rsquo; Rivello apartment tower in Hamilton on the Brisbane River will start in October.

The commencement is six months earlier than scheduled after $118m in sales were secured within weeks of the development&rsquo;s August launch.

More than 80 per cent of the 150 one, two and three-bedroom apartments, sub-penthouses and penthouses in Rivello have been sold off-the-plan.&nbsp;

[smartcode_project:default project_id=102922 project_image_fid=171473]

The sales include two penthouses at $5.5 million each at the 15 Wharf Street, Hamilton project.

Urban reported on its launch that it had been the higher end apartments in the $147 million, 21-level building designed by Cottee Parker Architects which had been among the first to sell.

Brookfield Residential Properties&rsquo; managing director Lee Butterworth told the Courier Mail it was &quot;a significant achievement to reach this sales milestone so quickly.&quot;

&quot;It is a credit to the lifestyle-centred design and desirable Brisbane River position, together with the exceptional demand in the market.&rdquo;

[smartcode_project:default project_id=102922 project_image_fid=174005]

Two bedroom apartments were priced from $605,000.

Completion is now scheduled in late 2023 with Brookfield noting the availability of building supplies had been factored into the development program by the Tomkins Commercial and Industrial Builders.

Rivello is the ninth building to be developed at Portside by Brookfield.

The new building will be developed on a 2,829 sqm site, neighbouring Brookfield Residential Properties&rsquo; most recent residential projects &ndash; Gallery House One and Two.

Brookfield Residential Properties’ managing director Lee Butterworth said the building program had been brought forward by six months

Brookfield brings forward Rivello, Hamilton construction start after quick 80% apartment sales success

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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