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Sky Garden, the latest development by the diversified property group Golden Age, spans three towers across the new and improved The Glen shopping centre in Melbourne's Glen Waverley.

Rothelowman designed the three apartment buildings, soaring 12, 13 and 20 levels and homing 555 one, two and three bedroom apartments,

The apartment development is part of the $430 million Glen redevelopment which completed construction in December 2020..

The apartments have a starting price of $520,000 and floor plans average between 60 and 140 sqm of space.

With over 240 stores, anchored by a new David Jones store and a Woolworths, The Glen provides residents with convenience at their door step.

<a href="/buildings/sky-garden-235-springvale-road-glen-waverley"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sky_garden_gardens.jpg"></a>

Sky Garden features over 4,000 square metres of internal and external facilities with one of the most impressive features unsurprisingly being the garden in the sky.

The sky garden has sun lounges, a bar and kitchen for entertaining, a kids playground, veggie gardens, large lawns with water features and private dining and seating sanctuaries to unwind. The sky garden is located above the podium levels linking each tower.

[smartcode_project:default project_id=2881]

Other resident facilities include gaming rooms with mah-jong, billiards and chess, a private cinema and media rooms as well as an elegantly appointed library.

Beyond that is a fully equipped gymnasium, yoga studios, tai chi areas, a sauna, steam room and luxury heated lap pool.

<a href="/buildings/sky-garden-235-springvale-road-glen-waverley"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sky_garden_pool.jpg"></a>

Serviced by the Glen Waverley train line, it is 30 minutes from the CBD, opening residents and locals up to a plethora of entertainment, retail, cuisine, educational and employment opportunities.
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Rothelowman designed the three apartment buildings, soaring 12, 13 and 20 levels and homing 555 one, two and three bedroom apartments,



jordan_55689

Glen Waverley, home to Golden Age's latest residential apartment development

Located just 9km from the Melbourne CBD and in the heart of an established community, The Fabric is Mirvac&#39;s latest&nbsp;sustainable townhome community offering&nbsp;7-Star green living.

Offering&nbsp;brand new two and three-bedroom homes starting at $695,000, the&nbsp;Altona North development has been thoughtfully designed by Mirvac&rsquo;s award-winning team to prioritise sustainability comfort, style and functionality.

Part of the sustainable initiatives on offer include fully electric energy efficient appliances, 7-star NatHERS energy rating, rooftop solar PV and battery storage, plus you can monitor your own energy usage through an app to identify and minimise costs and expenditure.

[smartcode_project:default project_id=22699] 
Smart design layouts take advantage of optimum solar orientation and ensure cross ventilation and natural light into your home is maximised. Coupled with high performance double glazing to all windows and doors, additional sealing of the building envelope and upgraded insulation, all homes achieve a minimum 7-star NatHERS energy rating, meaning your home is more comfortable to live in.&nbsp;&nbsp;

By designing homes to maximise cross ventilation and natural light, indoor air quality is improved, ensuring homes at The Fabric are as healthy as they can be.

<a href="/new-townhouses/the-fabric-altona-north-188-198-blackshaws-road-altona-north-vic-3025"><img alt="" height="805" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/omnia_moorabbin.jpg" width="1200" /></a>

Townhomes at The Fabric are fully-electric and are designed to generate enough renewable energy to offset the average household energy usage over a year. The sustainability features have been selected with a focus on reducing energy use and generating renewable energy, both of which assist in reducing the cost of energy bills.&nbsp;

The Fabric also features top of the line&nbsp;water reuse facilities with both passive irrigation and an innovative rainwater harvesting system.

Designed with walkability in mind, the masterplan takes you on a journey through streets lined with leafy green trees, contemporary architecture and beautiful private front gardens.

<a href="/new-townhouses/the-fabric-altona-north-188-198-blackshaws-road-altona-north-vic-3025"><img alt="" height="802" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/omnia_moorabbin_2_0.jpg" width="1200" /></a>

A special feature of The Fabric townhomes is a seamless connection between the indoors and outdoors in collaboration with Eckersley Landscape Designers.&nbsp;

Outside your doorstep, explore nature with the future Patchwork Park as the landscape masterpiece to the community designed for all ages. Patchwork Park is planned to feature barbeque facilities and shelters, large kickabout areas, edible planter beds, and a custom-designed playground including climbing equipment, slides, connector tunnels and musical instruments, all set amongst large shady trees.

Mirvac has partnered with Homes for Homes, an innovative not-for-profit scheme led by The Big Issue, to assist homeless and disadvantaged Australians. 0.1% from the sale of every home at The Fabric has been pledged. We also encourage our customers to contribute the same from future sales of their home.

Located amongst local hot spots for diverse cuisines, tasty treats and fresh market stalls, find joy in the ability to walk to your closest supermarket, transport hub and even the beach.

Construction on the future townhomes are set to begin in early 2021.

Located just 9km from the Melbourne CBD and in the heart of an established community, The Fabric is Mirvac's latest sustainable townhome community offering 7-Star green living

Why Mirvac's Altona North townhouse community The Fabric received 7-star green living rating

Coming soon to Moorabbin&nbsp;is the new boutique residential development, Omnia.

Developed by Shenfield Property, Omnia is located just 20 minutes from the CBD&nbsp;and a short drive to some of Melbourne&#39;s best beaches.

On offer are a selection of one, two and three-bedroom apartments&nbsp;designed by Roger Brayshaw Architects.

Below is a summary of the bedrooms, bathroom, garaging and square footage across the Omnia range.

Floorplan options:

<ul>
	<li>One Bedroom, One Bathroom, One&nbsp;Parking space, 52.5 sqm</li>
	<li>Two Bedroom, One Bathroom, One&nbsp;Parking space, 81.5 sqm</li>
	<li>Two&nbsp;Bedroom, Two&nbsp;Bathroom, One&nbsp;Parking space, 78.5 sqm</li>
	<li>Three Bedroom, Two&nbsp;Bathroom, Two&nbsp;Parking space, One Study, 144.5 sqm</li>
	<li>Three&nbsp;Bedroom, Two&nbsp;Bathroom, Two&nbsp;Parking space, One Study, 154.5 sqm</li>
</ul>

The kitchens include concealed cabinetry, with glass splashbacks, matte black tapware and integrated appliances.

Living spaces are generous and inviting, with adjoining north-facing balconies giving you plenty of sunlight to enjoy throughout the day.

All homes include plush carpet, engineered flooring and stone tiles, with elegant full-wall tiles in the bathrooms. Showers are fit with matte black dual shower heads, and frameless walk-in shower glass. Double vanities feature circular basins, and floating cabinetry, with mirrored storage above.

[smartcode_project:default project_id=29048]

<h2><a href="/news/vic/display-tour-omnia-by-shenfield-property-in-moorabbin-vic" target="_blank">Check out our video tour</a></h2>

Adding to a growing number of green spaces within the area, Omnia&rsquo;s park frontage lays the foundation for its environmental consciousness. Featuring energy-efficient design, together with appealing gardens created by Wallbrink Landscape Architecture.

If Omnia sounds like the home for you, don&#39;t delay in enquiring to secure a sought-after Omnia residence. <a href="/buildings/omnia-4-6-horscroft-place-moorabbin">Request your own display suite tour</a> via Urban today.

[smartcode_project_cta: project_id=29048]

Developed by Shenfield Property, Omnia is located just 20 minutes from the CBD and a short drive to some of Melbourne's best beaches.



Shenfield Property offer a number of floor plans at Moorabbin project Omnia

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NAB has today announced cuts to fixed home loan rates with decreases of up to -0.55% for owner occupied and up to -0.15% for investment loans.

Today’s cuts position NAB’s owner occupier 3-year fixed principal and interest package rate of 1.98% (3.83% comparison rate) ahead of the other major banks’ rates for the same term.

Canstar analysis reveals that moving from the average variable rate of 3.28% to a 3-year fixed rate of 1.98% could see an owner occupier paying principal and interest on a $400,000 home loan slash their repayments by $273 each month or $9,828 over three years. However, moving to the lowest 3-year fixed rate in the market of 1.75% (comparison rate 2.22%) from NAB’s subsidiary bank, Ubank would cut repayments by $318 per month. 

<img alt="" height="502" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nab_rates_2021_1.jpg" width="680">

Canstar Group Executive, Financial Services, Steve Mickenbecker says the move shows NAB is competing for new business by taking advantage of low cost funding.

“Interest rates continue on their downward path for homeowners and investors. NAB’s 11 basis point cut to its three year fixed rate for homeowners means that it has undercut the rates of competitors to deliver the lowest interest rate of the major banks for this popular fixed term.”

“Low cost funding has made fixed rates the playground for the big banks and while the Reserve Bank term funding facility remains available, the great deals should stay strong. Mid-year could see a small upward adjustment when the term funding is expected to be fully allocated and expire."

“It’s a great time to be thinking about fixing a rate when you can lock in for three or four years with an interest rate below 2%. Today’s move from NAB suggests competition at the low interest rate end of the market will be with us for a little longer,” Mr Mickenbecker concluded.

<img alt="" height="502" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nab_rates_2021_2.jpg" width="683">

<h2>Properties you may like:</h2>

[smartcode_project:default project_id=22700]

[smartcode_project:default project_id=2807]
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Today’s cuts position NAB’s owner occupier 3-year fixed principal and interest package rate of 1.98% ahead of the other major banks’ rates for the same term

NAB cuts fixed rates by up to -0.55%

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As is the case with a range of sectors, Facebook has removed the posting of a range of major real estate portals, trade media and real estate member organisations.

The Facebook pages of Realestate, Domain, Allhomes and Urban, have all been obstructed as real estate portals have been affected by Facebook’s decision to ban Australian news content from its platform.

REIA is currently assessing the situation and the impact on the industry as a whole as Facebook has been an important channel to connect with Australian’s looking to buy and rent property.

The move follows the debate on proposed legislation from the Australian government that seeks to push internet platforms — with a particular focus on advertising giants Facebook and Google — to pay news publishers directly for access to share their content.

REIA President, Adrian Kelly said he is confident real estate marketing will continue to reach its customers.

“From a real estate sales perspective, buyers will go where the properties are being advertised which could ultimately be to Facebook’s detriment," Mr Kelly said

“Covid has proven that estate agents are very quick to adapt to new technologies and that will be the case in the current environment."

“As with COVID-19, for agencies and our customers, the show must go on,” Mr Kelly added.
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Facebook has removed the posting of a range of major real estate portals, trade media and real estate member organisations as of this week

Australian real estate slapped by Facebook takedowns

A sneak peak at the upcoming release&nbsp;by Mirvac in its&nbsp;$1 billion&nbsp;apartment, Quay Waterfront Newstead.

Following development approval in mid 2020, the latest tower, Sky Precinct, will be located alongside the Brisbane River and will join previously completed stages Pier, Park and Unison.

The 25 storey&nbsp;tower will deliver&nbsp;143 one, two, three and four-bedroom apartments that have been designed by Mirvac&rsquo;s in house design team to cater specifically&nbsp;to&nbsp;owner-occupiers.

Residents will be able to take advantage of Sky Precinct&#39;s&nbsp;Brisbane River views and the city&rsquo;s sub-tropical climate, along with exclusive resident lifestyle amenities. There will be a ground-level tropical oasis with pools of water, shaded enclaves and grassed areas that connect to - and expand - Waterfront Park.

Located at 57 Skyring Terrace, Sky Precinct&nbsp;will contain&nbsp;a suite of exclusive resident lifestyle amenities including a&nbsp;ground-level wellness centre&nbsp;with a gym and yoga studio, a&nbsp;resident&rsquo;s lounge&nbsp;and a private dining room on level 19.

The building community also benefits from a private residents&rsquo; lounge, wine room and dining area which can be reserved for entertaining and special events.[smartcode_project:default project_id=90553]

Set in 5.5 ha of parklands, the biophilic tower weaves garden-green freshness up and around its apartments.&nbsp;Natural materials and organic forms define the interior spaces, bringing the textures of the outdoors in through feature stonework, unique metal patinas and timber-like grains.

[smartcode_project:default project_id=90553 project_image_fid=170846]

Centred by the park&nbsp;but connected to the best of Brisbane&rsquo;s shopping and social scenes, Quay Waterfront Newstead is just 2km from the CBD. Surrounded by Fortitude Valley, Teneriffe and the river, life here offers the best of urban living balanced with the tranquillity of the waterfront.

Mirvac&nbsp;began developing its vision for the&nbsp;Waterfront Newstead&nbsp;masterplan in 2001 and has so far delivered three stages with the fourth underway plus a fifth and final stage in the works.

[smartcode_project_cta: project_id=90553]

Mirvac's much anticipated fourth stage of its $1 billion Waterfront Newstead community – a 25-level building known as Sky Precinct 

Why owner-occupiers should check out Sky Precinct, Mirvac's latest Quay Waterfront Newstead apartment tower

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The latest boutique residential development by Shenfield Property, Omnia is located in Moorabbin. Just 20 minutes from the CBD, and a short drive to some of Melbourne's best beaches, Omnia offers the perfect relaxed lifestyle.

Set for completion in 2022, Omnia offers a selection of one, two and three-bedroom apartments, design by Roger Brayshaw Architects. Each brand new property boasts low maintenance luxury living.

Adding to a growing number of green spaces within the area, Omnia’s park frontage lays the foundation for its environmental consciousness. Featuring energy-efficient design, together with appealing gardens created by Wallbrink Landscape Architecture.

[smartcode_project:default project_id=29048]

As one of Melbourne’s major suburbs, Moorabbin is a thriving community offering something for everyone.

A wide range of schools, higher education, cafes, shopping and numerous parks and reserves at your doorstep, including RSEA Park - home of the St Kilda Football Club.

Kingston Art's Centre is only a moment's walk away, where you can take in art exhibitions, live performance and events all year round, and Melbourne's famous sand-belt golf courses and iconic beaches are all within a few minutes drive. Don't feel like taking the car out? Moorabbin station provides convenient transport options and will have you into the city within 25 minutes. 

For more entertainment options consider the nearby Brighton Public Golf Course and Yarra Yarra Golf Course plus the nearby Dendy Park.

Shopping options such as the Southland Shopping Centre and Moorabbin Farmer's Fresh Market are also on offer.

Schools and education facilities nearby include:

<ul>
<li>St Catherine's Primary School</li>
	<li>Southmoor Primary School</li>
	<li>Bentleigh Secondary Collage </li>
	<li>Brighton Secondary Collage </li>
	<li>Haileybury College</li>
	<li>St Leonard's College </li>
</ul>
If Omnia sounds like the home for you, don't delay in enquiring to secure a sought-after Omnia residence. <a href="/buildings/omnia-4-6-horscroft-place-moorabbin">Request your own display suite tour</a> via Urban today.
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The latest boutique residential development by Shenfield Property, Omnia is located in Moorabbin, just 20 minutes from the CBD and surrounded by the best the city has on offer

Get to know Melbourne's Moorabbin: What's within walking distance from Omnia?

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Heritage Bank will offer variable rate home loan rates from as low as 2.54% after announcing cuts to its rates last week.

Heritage has reduced selected rates for new loans across its owner occupier and investment range from making it more attractive for prospective borrowers to take out a loan with Australia’s largest customer-owned bank.

Heritage has dropped its Discount Variable home loan interest rate to 2.54%, for eligible borrowers taking out a new owner occupier loan of $150,000 - $699,999 with a loan to value ratio equal to or less than 70%. 
  
Other rate reductions for new owner occupier loans include:

<ul>
<li>Selected Discount Variable loans reduced by 0.09%</li>
	<li>Selected Home Advantage Variable loans decreased by up to 0.19%</li>
</ul>
There is also news for investors with further rate cuts for new loans as follows:

<ul>
<li> Investor Discount Variable loan rates reduced by up to 0.14%</li>
	<li> Investor Home Advantage Variable loan rates cut by 0.14% - 0.24%</li>
</ul>
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Heritage has dropped its discount variable home loan interest rate to 2.54%

Heritage Bank cuts variable home loan interest rates

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Super-prime properties with tennis courts are tightly held, rarely transacting across Australia, but according to the latest research from Knight Frank these sales spiked in 2020.

The Australian Residential Tennis Court Premium, which assesses the sales performance of Australian super-prime residential properties with a tennis court, found the volume of sales for these properties in 2020 far outstripped 2019.

Super-prime residential property* is the most desirable and most expensive property in a given location, generally defined as the top 1% of each market by value.

Across Australia’s major cities of Sydney, Melbourne, Brisbane, Perth and the Gold Coast, the total value of transactions of super-prime residential sales with tennis courts was $682.8 million in 2020 across 38 transactions, up by 230% on a weak 2019, when there were just 14 transactions.

Knight Frank’s Head of Residential Research, Michelle Ciesielski said every Australian city analysed had overtaken the 2019 sales volume in 2020, with Sydney the strongest performing market.

“In 2020, Sydney saw $436.6 million of tennis court-featured super-prime sales across 22 transactions, although this total volume fell short by 3 per cent of surpassing its highest volume reached in 2018. Melbourne was next with $134.6 million worth of sales last year across nine transactions, although its greatest volume was recorded in 2016 at $156.2 million."

“Perth’s super-prime sales market recorded the greatest uptick of 453 per cent in properties with tennis courts over 2020, although that was across only two sales totalling $41.5 million, with the market much smaller than Sydney and Melbourne. Perth didn’t record any sales of this nature in 2016 and 2018."

“The Gold Coast lifestyle became more popular through COVID-19 resulting in last year being the only year in the past give to register any super-prime sales accommodating tennis courts, with a volume of $50 million – outperforming both the Brisbane and Perth markets, which recorded $20.1 million and $41.5 million in sales value," she concluded.

Based on sales since 2011, the top three suburbs in Australia for super-prime properties with tennis courts were Toorak in Melbourne (39 sales), Bellevue Hill in Sydney (23 sales) and Vaucluse and Mosman, which came equal third with 16 sales.
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Based on sales since 2011, the top three suburbs in Australia for super-prime properties with tennis courts were Toorak in Melbourne and Bellevue Hill in Sydney

Sales of super-prime tennis court properties soared in 2020

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Fridcorp’s latest development Beyond Hurstville in south Sydney features a number of convenient amenities, starting right at the foot of the building.

The 4,500 sqm retail precinct is anchored by Woolworths, making it an ideal home for busy people and parents searching for convenience. Not far from the development is Westfield Hurstville.

Hurstville has a pedestrian-friendly walk score of 81/100, meaning most daily tasks can be accomplished on foot, while walking trails and bike paths connect Hurstville to surrounding suburbs and parklands.

[smartcode_project:default project_id=6798]

Designed in collaboration between Woods Bagot and DKO Architecture, Beyond’s sculptural architecture provides a new level of luxury at a comparatively affordable price point when compared to inner-city apartments.

Beyond’s amenities include an outdoor dining and teppanyaki grill, gardens, lobby bar and residents’ dining.

<a href="/buildings/beyond-hurstville-93-forest-road-hurstville"><img alt="" height="718" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/beyond_hurstville_2.jpg" width="1200"></a>

Prices start from $585,000 for a one bed, $845,000 for a two bedroom and $1,325,000 for the three bedroom apartments.

Estimated for completion in late 2021, Hurstville is just 16km from the CBD – only 19-minutes by express train from one of the two nearby stations Allawah or Hurstville. Sydney Airport is also easily accessible.

<a href="/buildings/beyond-hurstville-93-forest-road-hurstville"><img alt="" height="784" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/beyond_hurstville_1.jpg" width="1200"></a>

Other local leisure and eatery options include the Golden Sands, Club Central Hurstville, Allawah Hotel, Hurstville Library and the Hurstville Entertainment Centre.

The are plenty of surrounding schools for children including: 

<ul>
<li>Giggles Early Learning Centre</li>
	<li>St Mary Star of the Sea</li>
	<li>St George Christian School</li>
	<li>Sydney Technical High School</li>
	<li>Georges River College Hurstville</li>
	<li>Carlton Public School</li>
</ul>
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Fridcorp’s latest Hurstville development features some of the most convenient amenities on offer in NSW with a retail precinct attached

Amenity highlights: What's within walking distance of Beyond Hurstville?

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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