Victoria &amp; Burke in Melbourne&#39;s Camberwell has been catching the eye, as penthouses in the boutique development of just 15&nbsp;apartments break the leafy Melbourne suburb&#39;s record.

Two penthouses sold already last year at $5.5m, topping Camberwell&#39;s previous penthouse record set at $4 million at FKP&#39;s Aerial Apartments. The final penthouse sold this week for $4.5m at a record of $19,000m2 which underlines the quality that V&amp;B offers to its local high end downsizers.&nbsp;

Figurehead&rsquo;s luxury arm known as Flux has been appointed and is already three&nbsp;months into construction, with completion set for Sep 2022.

A number of exclusive Garden Terraces remain in Victoria &amp; Burke, located on the top of Camberwell hill on the corner of Burke and Victoria Road.&nbsp;

The five Garden Terraces each have three bedrooms, with stunning Jack Merlo designed low maintenance&nbsp;outdoor living space and gardens. Where the Carr Design brings their distinctive and unique aesthetic to Victoria &amp; Burke; driven by a vision for contemporary, timeless beauty.

Since construction at the&nbsp;993 Burke Road development is well underway, Urban took a look at five reasons why the project should be on a buyer&#39;s shortlist.

<h2>1. Centred around a Jack Merlo-designed garden</h2>

The whole corner site development centres around a Jack Merlo designed garden, an internationally acclaimed studio known for their exceptional landscape design.

Landscape architect Jack Merlo designed the 420 sqm garden around its centrepiece, a 200-year-old blue gum. It is being marketed as reminiscent of the locked gardens in London.

The&nbsp;Garden Terraces include&nbsp;five ground level residences each with their own outdoor courtyards and eight first-floor apartments with landscaped terraces looking out across Melbourne.

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<h2>2. Architecture by Carr Design</h2>

Both the architecture and interior design have been handled by the award winning Carr Design, an architecture and interior design studio based in Melbourne with a timeless approach that fosters connection.

Celebrating&nbsp;five decades of design practice, Carr works under the concept of&nbsp;&lsquo;Dynamic Restraint&rsquo;.&nbsp;

Carr describe Victoria &amp; Burke&nbsp;as &quot;stacking the horizontal, wrapping the vertical&quot;.

&ldquo;The site wraps around this huge tree, which created a great opportunity to get a horizontality to the building form. It also means there is a large percentage of garden area, something that is quite rare and offers something completely unique to the project,&rdquo; Carr Design Director&nbsp;Chris McCue says.

&quot;The verticality of the tree is complemented by vertical metal blades, offset by stepped horizontal stacks. The effect is a considered, contemporary form that offers both privacy and openness.&quot;

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<h2>3. Location, Location, Location</h2>

Victoria &amp; Burke has a walk score of 94, located on the top of Camberwell hill on the corner of Burke and Victoria Road.

It is just moments from the nearby Camberwell Village, as well as a number of restaurants, cafe&#39;s, shopping boutiques and parks.

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<h2>4. Top of the line interiors and amenities</h2>

There are five ground level apartments each with their own outdoor courtyards, eight first-floor apartments with landscaped terraces looking out across Melbourne.

Three penthouses crown the top level with never to be built out 270-degree views of the skyline. The penthouses have their own walk-in wine cellars.

Calm and inviting, enjoy open plan living and warm timber floors drenched in natural light with a seamless connection to lush outdoor spaces.&nbsp;

Each apartment features an entertainer&#39;s kitchen at the hub, complete with a natural monolithic stone island bench, splashback and rangehood dressed in limestone. The kitchens are fitted with Gaggenau appliances and an integrated Liebherr fridge and wine fridge.

Unique features include secure basement garages,&nbsp;integrated gas fireplaces and&nbsp;wine fridges to name a few.

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<h2>5.&nbsp;200-year-old Blue Gum!</h2>

A magnificent 200-year-old blue gum is the centrepiece of Victoria &amp; Burke&rsquo;s private garden. Designed by renowned landscape architect Jack Merlo, it is a botanic experience sprawling over 420sqm.

Exclusive to the residents providing a unique leafy arbours, lush deep planting, layered textures, and a vast green lawn. Reminiscent of a traditional backyard.

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&nbsp;

The whole corner site development centres around a Jack Merlo designed garden with it's centerpiece a 200-year-old gum tree

jordan_55689

Five reasons why Camberwell's Victoria & Burke should be on a buyer's shortlist

Formerly a rugged industrial area, Melbourne’s inner-northwest has emerged into a cultural precinct, conveniently located on the edge of the CBD.

It has&nbsp;embraced the modern apartment movement with the&nbsp;neighbourhood's renovated warehouses and former factories&nbsp;reimagined to create a village atmosphere.&nbsp;

One of the area's newest development's is Volaire, the Cbus Property-developed block of 152 apartments across 10 levels.

&nbsp;

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Designed by Hayball, an award winning Australasian architectural practice,&nbsp;Volaire&nbsp;offers smartly-designed one and two-bedroom apartments with neutral interior tones and light-filled living spaces.

Situated at 9 Dryburgh Street, Volaire is a sleek and slender mid-rise that expertly utilizes space to provide residents with the ultimate in comfort and convenience.

With trendy coffee shops and wine bars nearby, Volaire caters to every Melbournians’ love for food, coffee and craft beer.

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Located in close proximity to the University of Melbourne campus and amongst renovated warehouses and former factories, the local surrounds boast a university-town vibe.

Sitting atop ground-floor retail and café spaces, this development stands out for its connectivity, located 100 metres from the entrance to the busy North Melbourne Station and one stop from the state’s principal transport hub.

It's&nbsp;a 20-minute walk from the Melbourne CBD or Docklands.

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Delivering seamless integration of the indoor and outdoor areas of each residence, generous private balconies feature floor-to-ceiling sliding doors and offer views of the bay, city and distant-ranges.

Boasting a stunning communal garden that offers breathtaking views situated on level six and dubbed “Sky Podium”, the outdoor space features both barbecue and lounge areas.

Formerly a rugged industrial area, Melbourne’s inner-northwest has emerged into a cultural precinct, conveniently located on the edge of the CBD

Discover bustling West Melbourne in comfort from Volaire

The popular neighbourhood of McKinnon will soon be home to&nbsp;Dealcorp&#39;s latest development, MCKN, on schedule for completion in September this year.

Located a stroll from the nearby Bayside beaches, MCKN&nbsp;is surrounded by 14 hectares of open parkland, yet set primarily in the heart of McKinnon from its Jasper Road location.

Boasting eye catching architectural design by Ritz&amp;Ghougassian, once complete, the boutique development will stand five levels tall home to&nbsp;41 spacious apartments, all situated within prime access to world-class amenities.

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With a cafe on the ground floor, a convenience store opposite and Hotel McKinnon across the road, at MCKN everything is quite literally at your&nbsp;doorstep.

Indulge in&nbsp;local delights like the Allora Cucina, Mr Burch, McKinnon Village Bakery, Cafe @ 150 and more all on McKinnon Road, the first intersection off 236 Jasper Road,&nbsp;the home of MCKN.

Or take a stroll through the nearby parks and walking reserves like Joyce Park, McKinnon Reserve and Wattle Grove. All equipped with playground equipment or even a sporting field for the nearby St Pauls Junior Football Club.

MCKN&nbsp;is in&nbsp;the encatchment&nbsp;for McKinnon Secondary College, which is only a five-minute walk away.&nbsp;Less than a kilometre away are&nbsp;St Kevin&#39;s School, Glen Orme Avenue, Mckinnon Primary School and Ormond Primary School.

The nearest train station is&nbsp;just 500 metres from MCKN, putting&nbsp;Chadstone&nbsp;and Southland Shopping Centres just minutes away. &nbsp;

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MCKN apartments feature&nbsp;stone benchtops, 2pac joinery, platinum-toned fixtures and Smeg appliances fitted in the kitchen, as well as&nbsp;spacious open plan living areas that extend&nbsp;to outdoor balconies and&nbsp;terraces.

MCKN bathrooms feature&nbsp;large format stone tiles, a minimalist walk-in shower, floating vanity and concealed cistern toilet.

Residents will enjoy the generous amount of storage and practical floorplan, which offers flexibility to suit all lifestyles.

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MCKN is currently under construction&nbsp;with leading local builder Hamilton Marino handling&nbsp;the build.

Check out our <a href="/news/vic/display-tour-video-mckn-by-dealcorp-in-mckinnon-vic">tour of the display suite</a>.

Once complete, the boutique development will stand five levels tall and home to 41 spacious apartments

Walking Tour: What's within walking distance from MCKN?

There&#39;s a lot going for the South East Queensland property market, well before the announcement of the 2032 Olympics.

Queensland&#39;s handling of COVID has seen a number of southern state dwellers move north, buying apartments from Brisbane up to the Sunshine Coast.

There&#39;s expected to be further demand in 2022, when international travel opens up and local and international investors get back in to the market.

There was a 20 per cent rise in of new loan commitments by investors in Queensland in the 12 months to March 2021.

Urban has had a look at the best buys across South East Queensland, all under $495,000.

1. Estilo on Kittyhawk 
Address: 91 Kittyhawk Drive, Chermside QLD 4032 
One-Bedroom apartments&nbsp;from&nbsp;$299,000

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Apartments in Estilo on Kittyhawk, the second tower in the three building development in Chermside, north of Brisbane and developed&nbsp;by Gardner Vaughan Group, have been released.

The first tower in the project has finished construction and is sold out.

The family-ran developer are luring investors to the second tower with a $25,000 developer grant, as long as the purchasers pay a $25,000 deposit.

Situated right on Marchant Park, Estilo on Kittyhawk sits across the road from Westfield&#39;s premier shopping centre and is just over 10 minutes from the airport.

2. The Mill 
137 Eugaree Street, Southport QLD 4215 
One-bedroom apartments from $485,000

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The Mill presents a collection of 27 spacious apartments, thoughtfully designed to appeal to those who value quality, luxury, space and design.

Developed by PSA Group and designed by BDA Architecture, don&#39;t miss the opportunity to live a life of opulence surrounded by everything you need right at your doorstep.&nbsp;

Queen Street Village, a $550 million integrated masterplanned community is already taking shape and once complete will be within walking distance. It will feature an urban village with retail, dining and entertainment, as well as commercial office space, a medical centre and cinema.

3.&nbsp;Regal Residences Imperial Square 
Address:59-73 Meron Street,&nbsp;Southport QLD&nbsp;4215 
One-bedroom apartments from&nbsp;$364,000

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Gold Coast developer Azzura have fast-tracked construction of Regal Residences, the first stage in their $2.3 billion Imperial Square development in Southport.

Also featuring 200 hotel suites, local construction company Descon Group Australia is on the job.

Already around half of the 145 apartments in Regal Residences have sold, with Azzura&#39;s sales director Jason Paris pinning the strong sales on the pent-up demand for new product in the city&rsquo;s CBD hub.

Regal Residences will also include a range of commercial spaces on completion, rooftop bars, and amenities such as rooftop infinity pool, steam room, sauna, gymnasium, spas, zen garden, BBQ and a residents lounge.

4.The Coterie 
Address:&nbsp;365 St Pauls Terrace, Fortitude Valley QLD 4006 
One-bedroom apartments from&nbsp;$383,880

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Vicland Property Group&rsquo;s two breathtaking apartment buildings at Fortitude Valley offers a modern-day sanctuary in an energised urban village.

A prestigious collaboration by&nbsp;Rothelowman&nbsp;and&nbsp;Bruce Henderson&nbsp;Architects delivers residents a range of versatile, open-plan designs and luxury lifestyle offerings.

Preserving the history of the site, the Coterie integrates an original heritage bakery fa&ccedil;ade and feature a ground-level retail presence.

Residents will also have access to crafted social spaces that come together as two indulgent rooftop retreats, featuring an alfresco dining pavilion, rooftop pool, garden lounge seating and sun decks.

5. Ocean 
Address: &lrm;84 The Esplanade, Surfers Paradise QLD 4217 
One-bedroom apartments from $425,000

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The Meriton-developed Ocean at Surfers Paradise will soon be the tallest high-rise in the area, standing at 252 metres and 76 levels, therefore there will be a number of the higher apartments which look down on every building in the popular Gold Coast tourist hotspot.

Each of the SJB-designed apartments are complete with floor-to-ceiling windows, made to take full advantage of its iconic beachfront views.

Properties are available in a selection of one, two or three-bedroom apartment configurations, with one beds starting from $425,000. Prices over the last six months have ranged from $450,000 to $1.4 million.

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The entry level apartments in the Queensland market are the next wave to be snapped up, as investors continue to come back in to the market 

Five properties you can buy in Queensland under $495,000

There&#39;s plenty to love about Essendon, one of the gems of Melbourne&#39;s north west.

With its family friendly vibe, abundance of parks and recreational activities, our resident Essendon expert&nbsp;Zoe, who has called the suburb home for a number of years, has given us a run down of what&#39;s so great about living in the growing suburb.

The top line of Essendon is that is has its own local community vibe, which makes residents feel at home around the neighbourhood, particularly important for those looking to raise a family.

There&#39;s a number of school&nbsp;options for varying ages, with&nbsp;Buckley Park College, and Rosehill&nbsp;secondary just a kilometre away. There&#39;s a number of private and catholic schools too in the area including Penleigh &amp; Essendon Grammar, St Columbas, Ave Maria and St Bernads.

The well-connected suburb, with trains and trams, make it an easy commute in to the CBD.

Zoe&#39;s a fan of Essendon&#39;s lively foodie scene, with brunch spots and restaurants of varying ethnic backgrounds lining Keilor Road.

Some&nbsp;favourites include&nbsp;brunch hotspots Hey Jude, St Rose, Benny &amp; Me and Mr Walker, with the popular evening haunts&nbsp;400 Gradi and Demazzi.

There&#39;s plenty to see&nbsp;in the area, with Zoe clueing me in about the gym and pool at Windy Hill, the former Essendon AFL Club Ground, and her favourite spot&nbsp;Queens Park in the neighbouring Moonee Ponds.

Essendon is only a short distance to the shopping mecca&#39;s Highpoint and the&nbsp;Puckle Street shopping precinct.

The eclectic suburb&nbsp;is attracting a wide range of infrastructure upgrades, which has&nbsp;residential developers keen on getting in to the suburb.

There&#39;s no residential development&nbsp;more impressive than Blue Earth Group&#39;s latest apartment complex&nbsp;Anthem.

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Located at&nbsp;1 O&#39;Shannassy Street, just off Keilor Road, Anthem sticks to the ideas of Blue Earth brother&#39;s Omran and Michael Dib, who have coined the term &quot;High Performance Living&quot; for residents in their projects.

The biggest stand out is the facilities on offer at Anthem, rarely seen in a hotel never mind an apartment development.

They&#39;ve even upped the game on the regular apartment amenities such as gyms. Anthem&#39;s gym is fitted with the latest exercise machines from the leading fitness firm&nbsp;Technogym.

The gym will be accompanied by a wellness centre complete with yoga studio, spa, steam room and sauna.

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There&#39;s a private dining area and kitchen which can be booked out by residents, as well as a games room and arcade and a co-working lounge.

Blue Earth have catered for the golfer. Since the closest golf club is six kilometres away at Riverside Golf Club, Anthem is kitted out with its own golf simulator.

The Collingwood-based CHT Architects have designed the building, having worked with Blue Earth on a number of projects previously. The build will be handled by the renowned construction firm Hamilton Marino.

&nbsp;

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Discover exceptional oversized apartments surrounded by beautiful&nbsp;gardens. Entertain and experiment with food in a kitchen meticulously designed by an award-winning team with celebrity chef, Adam D&rsquo;Sylva

The landscaped grounds will feature a central garden, a green house garden and a retreat garden.

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With its family friendly vibe, abundance of parks and recreational activities, our Essendon expert, Zoe described it as have a big suburban vibe that is super safe

Suburb spotlight: A residents' insight on Essendon

Eva is the latest work out of renowned Bayside collaborators, Shenfield Property and Brayshaw Architects.

The boutique collection, with interiors designed by Aldona Pajdak, are ideally positioned in the heart of Mentone.

Eva is a combination of two bedroom apartments and three bedroom townhomes, created with meticulous spacial design highlighted by quality finishes and fittings.

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Appointed with a range of quality appliances and stylish kitchen and bathroom fittings, Eva Mentone represents exceptionally sophisticated living at its finest, offering a range of appealing living options, set within a location offering the benefits of a bayside location with urban convenience.

One of Melbourne’s most sought-after bayside suburbs, Mentone’s draw card is its picturesque beaches and extensive foreshore walking and bike paths for year round recreation.

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Eva is located on one of Mentone’s most prominent streets, Balcombe Road, which runs all the way to the beach.&nbsp;The apartments and townhomes all feature private outdoor spaces, fully landscaped with a selection of greenery that contrasts against and softens the external stonework, creating harmonious surrounds.

A broad selection of cafes, restaurants and grocers will satisfy culinary desires, while a great mix of boutique shopping and essential services are available along the main strip. All a short walk or drive away.

Eva is surrounded by a number of respected educational facilities including Kilbreda College, Mentone Grammar and Mentone Girls’ Grammar.

Comprising just 13 residences, Eva is expected to be completed in late 2022.

Eva is located on one of Mentone’s most prominent streets, Balcombe Road, which runs all the way to the beach

Shenfield Property's latest apartment and townhouse development Eva set to launch in Mentone

Nestled in the shade of the River Red Gums, Mason Quarter is an exclusive new master-planned community set to elevate living in Wollert.

Mason Quarter is a 64-hectare master-planned community in Melbourne’s northern growth corridor, located only 25 kilometres from the CBD.

Delivered by Cedar Woods, the project incorporates over 800 dwellings, two schools, community facilities, a 7.9-hectare conservation reserve and over 30 distributed tree reserves with majestic river red gums.

[smartcode_project:default project_id=99962 project_image_fid=160810]

The community will offer the opportunity for people to craft their ideal lifestyle in beautiful, natural surrounds, with a diverse range of home styles available.

The first release of Mason Quarter Terrace townhomes features a collection of two, three and four bedroom configurations with an array of inclusions and upgrades to choose from.

Mason Quarter is conveniently located within walking distance of the future Wollert town centre and there is a range of existing infrastructure and public amenity nearby including the Hume Freeway, Metropolitan Ring Road, hospitals, shopping centres and public transport.

[smartcode_project:default project_id=99962 project_image_fid=160808]

The community has a variety of land lots to suit a range of budgets. This includes sub-300 sqm small lots in addition to traditional lots over 300 sqm.

They have a range of Home &amp; Land Packages and townhomes such as the SOHO Living Townhomes at starting from as low as $381,500.

These SOHO Living townhomes offer turnkey and hassle-free options, backed with a 10 year structural guarantee from SOHO Living.

[smartcode_project_cta: project_id=99962]

Delivered by Cedar Woods, the project incorporates around 800 dwellings, two schools, community facilities, a 7.9-hectare conservation reserve and over 30 distributed tree reserves

The first townhome release in the brand new Wollert master-planned community Mason Quarter

As part of the developer&rsquo;s commitment to environmental sustainability, Omnia uses the best materials and technologies in environmental and sustainable building methods.

Delivered by Shenfield Property, the 40-apartment development&rsquo;s park frontage adds to the growing number of green spaces in the area.

Featuring energy-efficient design, together with appealing gardens created by Wallbrink Landscape Architecture, Omnia delivers exciting new residences with comfort and style.

On offer are a selection of one, two and three-bedroom apartments&nbsp;designed by Roger Brayshaw Architects.

One bedders start at&nbsp;as low as&nbsp;$465,000, with two-bedroom apartments priced&nbsp;from $645,000 and three bedroom homes from $875,000.

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The home&#39;s feature high-quality finishes, including concealed cabinetry, glass splash backs in the kitchen, matte black tap ware and integrated appliances.

All homes include plush carpet, engineered flooring and stone tiles, and elegant full-wall tiles in the bathrooms.

Living spaces at Omnia are generous with adjoining north-facing balconies giving you plenty of sunlight to enjoy throughout the day. Plus certain units feature city views.

It is set for completion in late 2022.

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Located in one of Melbourne&rsquo;s major suburbs, Omnia sits within a thriving community offering something for everyone.

It is just 20 minutes from the CBD&nbsp;and a short drive to some of Melbourne&#39;s best beaches.

A wide range of schools, higher education, caf&eacute;s, shopping and numerous parks and reserves are at your doorstep, including RSEA Park &ndash; home of the St Kilda Football Club.

[smartcode_project_cta: project_id=29048]

As part of the Shenfield Property’s commitment to environmental sustainability, Omnia uses the best materials and technologies in environmental and sustainable building methods

Omnia, one of Melbourne's most affordable sustainable developments

Auburn Square is the latest development from Tian An in Sydney&rsquo;s west, receiving development approval for six mixed-use buildings.

Located in Auburn&nbsp; which is named after&nbsp;Oliver Goldsmith&#39;s poem&nbsp;The Deserted Village.&nbsp;Auburn prides itself as one of the most multicultural communities in Australia, being home to a high percentage of immigrants from&nbsp;Afghan,&nbsp;Turkish,&nbsp;Lebanese, and&nbsp;Chinese&nbsp;backgrounds.

That means there&#39;s a range of quality cuisine and shopping options exemplifying the melting pot that is Auburn.&nbsp;There is no end of demand from home buyers and investors who want to live in Sydney&rsquo;s gentrifying inner Western suburbs.

Auburn Square sets a new benchmark for residential developments in Western Sydney, with the precinct design largely inspired by the nearby Auburn Botanical Gardens. It is home&nbsp;all aspects of life and family with lush green surrounds through the apartments, landscaping, retail precinct and public domain.

[smartcode_project:default project_id=7317 project_image_fid=79239]

Comprising a total 427 residences in one, two and three-bedroom configurations, the apartments will include nine retail and commercial suites as well as numerous amenities.

The on-site amenities include and&nbsp;expansive rooftop providing&nbsp;a generous dining experience, outdoor fitness equipment, and impressive cityscape views just to name a few.

The impressive communal rooftop garden comes complete with BBQ areas so you can enjoy a meal alfresco.

There are more than 10 new retail shops downstairs with great food and coffee at your doorstep.

Designed by Ground Ink, 2,000 sqm of green space will be featured to provide common areas between buildings and a high level of amenity for occupants and local residents.

[smartcode_project:default project_id=7317 project_image_fid=79247]

Auburn is a hub of connectivity situated in the geographical heart of Sydney. It offers great transport accessibility to business centres including Parramatta and the CBD. Walk to Auburn train station in 3 minutes or take Parramatta Road and the M4 motorway for direct and easy access further west or into the city.

A commercial area is located close to&nbsp;Auburn railway station which itself is just a 10 minute walk away. There are many multicultural restaurants and cafes.

South of the railway station, the commercial area stretches for approximately 1 kilometre and features many shops, restaurants and supermarkets, including a number of shops and restaurants specialising in&nbsp;Middle Eastern,&nbsp;Turkish&nbsp;and&nbsp;East Asian&nbsp;products and cuisine.

Nearby schools include the Sydney Adventist and Auburn Girls High.

Home buyers can enjoy a one-bedroom, one-bathroom apartment in Auburn Square for as low as $505,000, or a two bedroom unit for $600,000,&nbsp;well&nbsp;below the $730,000 median apartment price for Sydney.&nbsp;

Also within a more than reasonable price range, three bedroom homes start at&nbsp;$837,000.

Auburn prides itself as one of the most multicultural communities in Australia, being home to a high percentage of immigrants from all walks of life

Walking Tour: What's within walking distance of Auburn Square in Western Sydney

ID_Land joint managing director&nbsp;Matthew Belford says sustainable living is no longer an option, it’s a prerequisite.

His latest Brunswick development, Canvas, is a testament to Belford's views on cutting down the environmental impacts on property.

Studies have revealed&nbsp;property investors are increasingly concerned with environmental, social and governance (ESG) credentials in apartments.

[smartcode_project:default project_id=29358 project_image_fid=85958]

The 62 one, two and three-bedroom apartments in Canvas have no gas connections and are 100 per cent fossil fuel free.

Rothelowman designed the apartment development, with a rooftop complete with a variety of communal spaces providing residential amenity and green spaces, with views of Melbourne’s city skyline and parks.

There's&nbsp;a communal lounge area, kitchen, and entertainment dining area.

All communal areas in the complex make use of solar technology and the rooftop garden collects rainwater for greywater harvesting.

[smartcode_project:default project_id=29358 project_image_fid=85960]

There's a conscious effort at the Barkly Street development for parking spaces. Each apartment has at least one bike space, as well as on-site bike maintenance facilities are available.&nbsp;

Canvas has a&nbsp;walk score of 97/100, located less than a minute from nearby shops and just three minutes&nbsp;walk to the nearest tram stop.

&nbsp;

With no gas connection to any apartment, Canvas is 100 per cent fossil fuel free

Canvas Brunswick apartments 100% fossil free

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

Jordan Fidler

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