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Low mortgage rates, a swift economic recovery, which has spurred consumer sentiment, and low listing volumes have catapulted national housing values to new record highs. At the end of March, the CoreLogic national home value index increased a further 2.8%, placing values 5.6% above the previous market peak in October 2017. The combined value of Australian dwellings hit $7.9 trillion dollars over the month, according to CoreLogic. This cements residential property as an extremely large and important asset class.

Comparing current capital city values with previous peaks adds some perspective to the current upswing – particularly in Perth and Darwin, where values remain substantially below their record highs from 2014. It also highlights the very different dynamics across capital cities – such as in the ACT, where dwelling values have hit a new record high every month for 19 months.

The following charts plot the change in capital city dwelling values from previous peaks, and the number of months it has taken for values to surpass the previous peak. The subsequent downturn and recovery trends vary, and are unpacked below.  
 

 

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<h2>Sydney</h2>

Sydney dwelling values took 44 months to reach a new record high value. While values have lifted a relatively high 8.1% since the COVID-induced decline (which bottomed out in September 2020), the total value of the dwelling market is actually only 2.6% higher than the previous peak, which was in July of 2017. 

In 2017, a property price downturn was likely catalysed by changes to lending conditions. Cash rate reductions, along with a relaxation in borrower serviceability assessment rules, spurred the start of a recovery trend through 2019. COVID-19 interrupted this upswing, but a recovery in economic conditions, and increased consumer confidence, has pushed values above the previous peak.  
 

<h2>Melbourne</h2>

Melbourne dwelling values reached a peak in March 2020, after staging a recovery from the earlier 11.1% drop in values between late 2017 and mid-2019. However, the Melbourne housing market was the most impacted of any capital city by COVID-19, due to extended social distancing restrictions through 2020, and a particularly high exposure to overseas migration as a source of housing demand.  Closed borders created a negative shock, with a more significant and direct impact on inner city rental demand. Since bottoming out in October 2020, as stage 4 lockdowns began to ease, Melbourne dwelling values have climbed 0.7% above the pre-COVID high. 

As the value of Melbourne housing nudges over its previous peak, it is worth noting the market has not recovered evenly. House values remain -1.8% below the previous November 2017 high due to a larger correction through the recent downturns. Within different price segments, there is also variation. As of March, the ‘high’ end of the market (measured as the top 25% of values in Melbourne) was still -4.0% below its record high, which was in October 2017. Meanwhile, low and middle tier values have increased beyond their pre-COVID highs by 4.9% and 2.2% respectively, reflecting a smaller decline turn recent downturns, as well as strong demand from first home buyers who typically target properties around the middle-to-lower end of the market.  
 

<h2>Brisbane</h2>

Brisbane dwelling values are sitting 6.5% above the previous peak, which was in April 2020. Market values saw a peak-to-trough decline of -0.9% through COVID-19. The decline lasted just 4 months, before Brisbane dwelling values recovered to a new record high by October 2020.

As with Melbourne, the recovery in the Brisbane market has been varied. While house values climbed 7.6% above the previous peak through March, which was reached in May of 2020, unit values remain -9.4% below the record high value, which was in March 2010.  Brisbane unit values are currently at similar levels as October 2007, reflecting a very affordable entry point to the market.

The weaker conditions across the unit sector are likely due to previously high levels of unit completions keeping values subdued, particularly in the later part of the 2010s. ABS dwelling completion data saw unit completions across Queensland rise 50.4% in the 5 years to September 2020, compared with a 17.4% uplift in house completions. However, strong internal migration flows to south-east Queensland, as well as other tailwinds for housing demand more broadly, has supported 5 consecutive months of growth in Brisbane unit values since November 2020. 
 

<h2>Adelaide</h2>

The Adelaide dwelling market was one of the least affected through COVID-19 in terms of values. Following a -0.2% dip from the previous high in May 2020, values had surpassed the previous peak by September last year. The rate of change in dwelling values jumped to a monthly increase of 1.5% over March 2021, which is the highest monthly growth rate seen across the city since December 2007. Both house and unit values across Adelaide are currently sitting at a record high. Although housing values are reaching new highs each month, relative to the larger capital cities, Adelaide housing values remain low. 
 

<h2>Perth</h2>

The CoreLogic home value index for Perth shows values -15.9% below the record high, which was in June 2014. The peak-to-trough decline, which was induced by the rapid withdrawal of mining investment, employment opportunity and migration, lasted around 67 months. As the market started to recover in mid-2019, COVID-19 created an additional, negative shock, which pushed values down a further -2.2% between April and July of 2020. However, the Perth dwelling market has seen consecutive increases in value for the past 8 months. For the past 5 months, value increases have exceeded 1% a month, which is a strong growth rate and signals the start of what may be a sustained and rapid recovery. This coincides with rising interstate migration levels to Western Australia, and projected increases in already rising mining investment. Hobart

Hobart has seen the second-highest uplift in housing values from the previous peak, at 12.3%. The previous peak in dwelling values was at February 2020, before a brief, COVID-induced decline in total dwelling values of just -0.3%. Hobart dwelling values have seen extraordinarily strong growth, with the annualised capital growth return sitting at 9.4% for a 5 year period (+56.3% over the past five years). ABS building activity data suggests house commencements were 32.8% above the decade average through the September 2020 quarter in Tasmania. Combined with affordability constraints, additional stock should work to ease growth rates across the region in the coming months.  
 

<h2>Darwin</h2>

Darwin dwelling values are the furthest from the previous peak of the capital city markets. A record high was reached across Darwin dwellings in May 2014. Similar to Perth, a decline in the resources related infrastructure sector saw a substantial decline in housing values, with the peak-to-trough fall extending to February 2020, at -32.7%. Since February 2020 however, Darwin dwelling values have increased 16.5% through to March 2021 which is the fastest growth rate amongst the capitals. This leaves values -21.6% below the record high, and shows the Darwin dwelling market firmly in a recovery trend.   
 

<h2>ACT</h2>

ACT dwelling values at the end of March were 16.9% higher than the previous peak, which was in April 2019. Following a -1.5% peak-to-trough decline, ACT dwelling values had recovered by September 2019, and have hit a new record high each month since. Rapid dwelling value growth across the capital has largely been driven by house values, which are 19.7% above the previous high in April 2019, compared with a 7.2% uplift in unit values since the previous high. Part of the strength in ACT dwelling value returns have been due to relatively high incomes across the Territory, along with resilient labour market performance through COVID-19. However, the fact that dwelling values have surged almost 17% in less than two years, highlights an increasing barrier to ownership for future first home buyer cohorts. 

 

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See more: Properties ideal for investors

[smartcode_project:default project_id=3494]

[smartcode_project:default project_id=90553]

[smartcode_project:default project_id=6201]

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The combined value of Australian dwellings hit $7.9 trillion dollars over the month, according to CoreLogic, cementing residential property as an extremely important asset class

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How do dwelling values compare with previous highs? Eliza Owen

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Expected to outperform in 2021, Perth has been lauded by industry experts as a strong market to invest in.

The latest insights from leading economists point to booming conditions in Perth, where vacancies are low and there is upward pressure on rents.

According to Herron Todd White’s Chris Hinchliffe, the $500,000 to $1.5 million price range in established suburbs will be a key market segment to watch in the WA capital.

"The owner-occupier market has been very hot lately and it will be interesting to see what it does over the next 12 months as investors also re-enter the market," he said.

The capital city is experiencing a decline in listing volumes, with sales listings hitting a 10-year low in February, according to REIWA data.

With strong demand looking like it may swamp market supply, Urban takes a look at four new Perth apartments that you can secure via Urban today.

1. Shenton Quarter, Shenton Park 6008 
Address: Corner of Selby Street and Seymour Avenue, Shenton Park WA 
Two-bedroom apartments from $580,000

[smartcode_project:default project_id=26734]

Developed by Iris Residential, Shenton Quarter delivers 157 light-filled apartments in one, two and three-bedroom configurations in the sought-after Montario Quarter Estate.

The $140 million mixed-use residential and retail development, designed by Cameron Chisholm Nicol, features spacious balconies and terraces and high ceilings and offers outstanding views.

Among the development’s amenities include a 20-metre pool, residents’ dining area, a children’s play area and a stylish outdoor barbeque area.

2. Siskas at Taskers, North Fremantle 
Address: 9-15 McCabe Street, North Fremantle WA 6159 
Two-bedroom apartments from $975,000

[smartcode_project:default project_id=7864]

Siskas is the final stage in the luxury Taskers apartment development in North Fremantle, expected to be completed in less than six months.

There are 55 apartments in Siskas, with prices starting from $595,000 a one bedroom apartment, $975,000 for a two bed and $1,225,000 for a three bedroom apartment.

Taskers has been developed by Gary Dempsey Developments and created in collaboration between local architects Craig Steere Architects and Zuideveld Marchant Hur.

3. The Towers at Elizabeth Quay, Perth 
Address: 1 Riverside Drive, Perth WA 6000 
Two-bedroom apartments from $1,430,000

[smartcode_project:default project_id=7854]

Situated in Perth’s most prestigious riverside precinct, the Towers at Elizabeth Quay offers prospective residents luxurious residences in an exclusive setting.

The mixed-use complex is anchored by the Ritz-Carlton, giving residents access to the hotel’s podium rooftop bar, hotel spa and vitality pools.

Designed by Cottee Parker Architects, the project features private terraces, free-standing baths and floor-to-ceiling facades.

4. Tryst, West Leederville 
Address: 85 Cambridge Street, West Leederville WA 6007 
Three-bedroom apartments from $595,000

<img alt="" height="976" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-04-08_at_9.15.27_pm.png" width="1558">

Positioned between the city and the coast, Tryst delivers homebuyers high-quality residences within walking distance of Subiaco.

Delivered by ACTON Projects, the development boasts an impressive six-star energy rating, floor-to-ceiling windows and open-plan living areas.

Just 450-metres from Tryst is West Leederville train station, delivering close by public transport and convenient access to the Perth CBD.
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Expected to outperform in 2021, Perth has been lauded by industry experts as a strong market to invest in.

Four new Perth apartments on the market right now

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Shenton Quarter is the latest development delivered by leading Western Australian developer Iris Residential in joint venture with Alceon.

The $140 million mixed-use residential and retail development delivers 157 luxurious and light-filled residences in the highly sought-after Shenton Park urban village.

Located within DevelopmentWA's Montario Quarter Estate, the one, two and three-bedroom apartments boast convenience and luxury with the prime western suburbs lifestyle at your fingertips.

Urban takes a look at five reasons you should consider an apartment at Shenton Quarter. 

1. Developed by Iris Residential

[smartcode_project:default project_id=26734]

Iris Residential is Perth’s leading developer of apartments for owner-occupiers, delivering liveable homes in premium locations.

The development group have successfully completed 24 apartment projects, characterised by their high-quality, thoughtful design and amenity-rich locations.

2. Luxurious Residences

<a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park"><img alt="" height="1333" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shenton-quarter-corner-of-selby-street-and-seymour-avenue-shenton-park-76aa60aa85ec7b778889d78363156238.jpg" width="2000"></a>

Designed by Cameron Chisholm Nicol, known for many notable buildings across the Perth CBD and wider metro area, Shenton Quarter delivers a mix of architecturally-designed loft-style townhouses and apartments.

The project’s offerings include high ceilings, wool carpets, reconstituted stone benchtops and the choice of three colour schemes.

Generously sized balconies and terraces with outstanding views help to form the amazing Shenton Quarter address that residents can take pride in.

3. Communal Amenities

<a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park"><img alt="" height="1154" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shenton-quarter-corner-of-selby-street-and-seymour-avenue-shenton-park-7e94706e8610d1df81c19fc6ca01f4f9.jpg" width="1732"></a>

The Shenton Park development offers residents exclusive access to private landscaped gardens, vegetable gardens and fruit orchid with citrus trees.

Among the developments other amenities include a 20-metre solar-heated swimming pool, lounge and dining area, a children’s play area and a stylish outdoor barbeque area.

Convenience is at the centre of the project’s considered design, with a fully-equipped gym open to residents and a yoga deck perfect for a morning fitness session.

4. On-Site Retail

<a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park"><img alt="" height="1154" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shenton-quarter-corner-of-selby-street-and-seymour-avenue-shenton-park-1f49e52732348176f12ae9d87f435e85.jpg" width="1732"></a>

Delivering the ultimate in 21st-century convenience, Shenton Quarter delivers a new shared pedestrian-car laneway.

The laneway will be lined with cafés, alfresco dining, ground-floor supermarkets, specialist boutiques, pharmacy and commercial tenancies.

The retail space will be anchored by a new speciality Coles supermarket.

5. Environmentally-friendly Community

<a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park"><img alt="" height="1154" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shenton-quarter-corner-of-selby-street-and-seymour-avenue-shenton-park-ce58e4d41122b2f8728dae74cb1f2884.jpg" width="1732"></a>

With an environmentally sustainable design, Shenton Quarter achieves a four-star Green Star equivalent rating and features best-practice sustainability features.

The project will be home to a 400-metre vegetable garden, exclusive to residents and half an acre of landscaped gardens worth over $2 million.

Other green features include bike storage, 85kW photovoltaic cells to provide supplementary power for common area power use, four electric car charging ports and water-efficient design.

Apartments in the Perth development begin at $399,000 for a one-bedroom apartment, while two and three-bedroom apartments start from $580,000 and $880,000, respectively.

The project is slated for completion mid-next year.

 
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The $140 million mixed-use residential and retail development delivers 157 luxurious and light-filled residences in the highly sought-after Shenton Park urban village

Five reasons to secure a Perth apartment in the vibrant Shenton Quarter community 

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Founded in Adelaide, Woods Bagot is now a global architectural studio with studios spanning across six regions.

The firm, which prioritises “human experience and delivers engaging, future-oriented projects for its clients”, has become synonymous with deeply-considered and innovative design, engaging clients and communities in their design process.

“Prioritisation of experience and liveability shift the definition of residential value from traditional area calculations to quality and flexible functionality”, said Woods Bagot principal Simon Saint.   

Past projects by the firm include the Ivy in Sydney, the Wynyard Walk, which connects Wynyard Station to the Barangaroo waterfront, and the 184-residence mixed-use Collins Arch project in Melbourne.

The architectural firm now has over 60 projects it has designed listed on Urban. Here are six of our favourites that homebuyers can secure via Urban today. 
 

1. Miles Residences, Kirra Point 
Address: Corner Miles Street and Marine Paradise, Kirra QLD 4225 
Two-bedroom apartments from $795,000

[smartcode_project:default project_id=27575]

This Woods Bagot-designed apartment features timber flooring, a flexible open-plan layout and floor-to-ceiling windows.

Delivered by the KTQ Group, the development offers a collection of one, two and three-bedroom apartments on one of Australia’s rare north-facing beaches.

“Considered architecture and thoughtful design capture the north-facing aspect, inviting you to stop, sit back, and soak it all up”, the project marketing reads.

Amenities include multi-purpose rooms, bike and surfboard storage, mezzanine level pool and beachside deck. 
 

2. The Precinct, Mount Pleasant 
Address: 893 Canning Highway, Mount Pleasant WA 6153 
Two-bedroom apartments from $615,000

[smartcode_project:default project_id=8514]

The 22-storey smart building is evidence of the architects considered approach, offering electric car charging points, centralised home automation and E-keys for a modern living experience.

Views in the residences span from Kings Park and the CBD in the north to the converging Swan and Canning Rivers. 
Maximising the Melville Council's $235 million redevelopment vision for this Canning Bridge area, Norup + Wilson deliver Feng Shui infused designs, plenty of off-street parking and low-carbon living. 
 

3. Crest, Burswood 
Address: 120 Goodwood Parade, Burswood WA 6100 
Two-bedroom apartments from $635,0003

[smartcode_project:default project_id=8515]

Another development created in partnership between Norup + Wilson and Woods Bagot is Burswood’s Crest Apartments.

The 21-storey building features spacious living, extensive joinery and views of the surrounding city.

The Crest boasts stylish, bespoke wooden cabinetry and island benches, as well as amenities including a rooftop garden area, outdoor cinema and heated pool. 
 

4. 180 George, Parramatta 
Address: 180 George Street, Parramatta NSW 2150 
Two-bedroom apartments from $715,000

[smartcode_project:default project_id=8590]

Meriton’s world-class 180 George development brings together beautifully designed residences with the ideal lifestyle amenities to suit everyone.

The 767-apartment development features communal open space, including rooftop gardens, a sundrenched podium terrace and a barbeque area.

The 1,200 sqm podium gardens complement the adjoining 58-level hotel suites tower. 
 

5. Penny Place, Adelaide 
Address: 17 Penny Place, Adelaide SA 5000 
Two-bedroom apartments from $607,500

[smartcode_project:default project_id=9286]

Situated in the heart of Adelaide, Penny Place deliver intuitive floorplans and spacious one and two-bedroom apartments.

The collection of 152 apartments extends 23-storeys and offers full-width balconies, internal laundry and panoramic views across the South Australian capital.

In the kitchens, flawless quality persists with Caesarstone kitchen bench top's, Bosch cooktop and oven, Fisher &amp; Paykel dishwasher and feature LED strip lighting in the kitchen. 
 

6. The Standard, South Brisbane 
Address: 13-17 Manning Street, South Brisbane QLD 4101 
Two-bedroom apartments from $699,000

[smartcode_project:default project_id=7500]

The Standard is the newest luxury high-rise in the vibrant South Brisbane, soaring 32 floors above the waterfront suburb by ARIA Developers.

Comprising 260 spacious one, two and three-bedroom apartments, the development offers exclusive amenities, including garden terraces, residents’ bar, sunken lounges, cinema spaces, lap pool and sun-lounges.
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Woods Bagot has become synonymous with deeply-considered and innovative design, engaging clients and communities in their design process

Six properties designed by acclaimed architects Woods Bagot currently selling on Urban

Queensland is in the midst of an exciting period of growth and Logan City is well-positioned in the centre of this change.

The City of Logan is situated in a thriving growth corridor between Brisbane and the Gold Coast, with abundant amenities, good schools and a burgeoning health precinct. &nbsp;

More and more home buyers are purchasing their first property in Logan thanks to its fresh and contemporary residential neighbourhoods, new estates and bushland acreage.

The adjacent Griffith University Logan campus, Queensland TAFE and the $145 million Logan Hospital expansion provides the opportunity for Meadowbrook to evolve into a major health and educational hub.

Given its central geographic location in south-east Queensland and available young workforce, Logan is ideally placed for continued growth in the region and provides great opportunity for families and investors.

Urban takes a look at four homes to secure in Logan City from just $230,000.

1. Aquila Lodge, Eagleby 
Address: 10 Bishop Street, Eagleby QLD 4207 
One-bedroom townhome from $230,000

[smartcode_project:default project_id=29172]

Located near train stations, the Pacific Motorway and Logan Motorway, Aquila Lodge offers an 18-townhome development in the City of Logan&rsquo;s Eagleby.

Each residence features one bedroom, one bathroom and a single-car lock-up garage.

The 42sqm homes include stone benchtops, stainless-steel appliances and air-conditioning to present comfortable living to its residents.

2. Acacia Waters Estate, Eagleby 
Address: Fryar Road, Eagleby QLD 4207 
Two-bedroom apartments from $305,000

[smartcode_project:default project_id=29159]

Surrounded by gardens, walking paths and numerous amenities, Acacia Waters Estate presents nine contemporary designed buildings in Eagleby.

Residents who secure a home in the development will benefit from 24-hour on-site management, undulating lawns and ample visitor parking.

Other amenities include a swimming pool and barbeque pergolas, as well as essential amenities in close proximity, including parks, public transport and shops.

3. Clearwater Junction, Bethania 
Address: Clearwater Street, Bethania QLD 4205 
Three-bedroom townhomes from $335,000

[smartcode_project:default project_id=29171]

Clearwater Junction is an established townhouse complex located in the hidden away suburb of Bethania.

Located in a cul-de-sac street, the peaceful residential development is bordered by farmland and situated within walking distance to the train station and shops.

Three and four-bedroom townhomes are available at the project, with a mixture of designs and layouts, including both single and double storeys.

Amenities include a well-appointed gym, in-ground swimming pool, and picnic area.

4. Brookhaven, Bahrs Scrub 
Address: 33 Menora Road, Bahrs Scrub QLD 4207 
Four-bedroom townhome from $475,000

[smartcode_project:default project_id=28314]

Brookhaven is a new master-planned community in Logan City, balancing safety, amenity and liveability amongst picturesque natural surrounds.

Situated just 4.3-kilometres from Beenleigh Town Centre, Brookhaven is connected to Brisbane and the Gold Coast.

Developed by Frasers Property Australia, the homes are within a 5 Star Green Star rated community which includes up to 5km of multi-use trails promoting walking, running and bike riding.

The City of Logan is situated in a thriving growth corridor between Brisbane and the Gold Coast, with abundant amenities, good schools and a burgeoning health precinct

Find out where in South-East Queensland you can buy a townhome from $230,000

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Given the sell-out this week of Cabana Palm Beach, premium Gold Coast off-the-plan buyers are looking at the remaining stock in other recently announced projects.

Cabana Palm Beach sold out within eight weeks of their Boxing Day launch and ahead of the project receiving development approval from the Gold Coast City Council.

Delivered by Gold Coast-based developer Ignite Projects, all 34 apartments in the luxury development were snapped up for circa $80 million, with interstate purchasers paying top dollar to secure their abode.

According to the developers, the average price paid for an apartment was $2.7 million, $300,000 more than the average list price on launch, which was just $2.4 million.

[smartcode_project:default project_id=84861]

Situated in Palm Beach, one of the top five most searched suburbs in Queensland, Cabana lies directly opposite the recently completed artificial reef, making it a surfer’s dream.

Managing director Josh Foote said the stellar results are still underpinned by Cabana’s unique location and outstanding design.

“To have all apartments sold ahead of receiving development approval is a huge vote of confidence in our project team, and the fact people were willing to spend more than list price and, in some cases, combine two apartments shows we have got it right”, Foote said.

The apartments were sold to buyers from the Gold Coast, Brisbane, Sydney, Melbourne and a number of other regional areas.

Construction on the project is expected to start ahead of schedule in June and completion slated for November 2022.

<h2>Other luxury three-bedroom apartments on the market on the Gold Coast</h2>

Luxury developments are popping up all over the Gold Coast as demand increases for residences with water views and resort-style facilities.

According to Foote, “the trend towards larger beach-home style apartments is here, and I anticipate this will continue as more people want additional space for work, study and recreation in the home.”

In case you've missed out on Cabana, here are a few of our favourite new luxury developments on the Gold Coast: 
 

1. The Monaco, Main Beach 
Address: 2-4 MacArthur Parade, Main Beach QLD 4217 
Three-bedroom apartments from $1,800,000

[smartcode_project:default project_id=26730]

Ignite Projects' second Gold Coast residence, the Monaco, offers breathtaking apartment living in Main Beach.

Designed by Rothelowman, the new 24-storey tower will feature 24 half and full-floor residences, the Southern Hemisphere’s first car elevator to apartments and a custom-designed kitchen for each buyer.

“The Monaco offers a boutique beachside residential opportunity for discerning buyers looking to upgrade their lifestyle”, Rothelowman’s Jeff Brown said. 
 

2. Shoreline, Surfers Paradise 
Address: 61 Old Burleigh Road, Shoreline QLD 4217 
Three-bedroom apartments from $1,100,000

[smartcode_project:default project_id=22057]

Delivering desirable Surfers Paradise apartments to luxury buyers on the Gold Coast, Shoreline offers space, privacy and opulence.

Situated in a quiet tree-lined pocket, Marquee Developments’ project features an exceptional array of lifestyle and wellness amenity.  

Designed by BDA Architecture, the 17-storey building offers 27 three-bedroom apartments, each with panoramic views of the skyline, ocean, river and hinterland. 
 

3. Miles Residences, Kirra Point 
Address: Cnr Miles Street &amp; Marine Paradise, Kirra QLD 4225 
Three-bedroom apartments from $1,500,000

[smartcode_project:default project_id=27575]

KTQ Group’s Miles Residences delivers a collection of spacious one, two and three-bedroom apartments, many with a multi-purpose room.

Situated on a rare Australian north-facing beach, the residence is positioned to access all that Gold Coast has to offer.

Apartments, architecturally designed by Woods Bagot, feature timber flooring, a flexible open-plan layout and floor-to-ceiling windows.
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Cabana Palm Beach sold out within eight weeks of their Boxing Day launch and ahead of the project receiving development approval from the Gold Coast City Council

Ignite Projects sell-out Cabana Palm Beach project. Demand for New Luxury Projects on Gold Coast.

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First home buyers are loving Kew Schofields in Sydney’s north-west, thanks to its balance between privacy and endless opportunities.

Located in Sydney’s fastest-growing region, the master-planned community provides a true community living experience with 2,700sqm of retail space, parks and recreational facilities.  

Positioned between Rouse Hill town centre and the future Schofields town centre, buyers can enjoy nearby cafés, restaurants and retail.

Close to the future airport at Badgerys Creek and major employment hubs in Norwest and Marsden Park, Schofields is expected to experience incredible growth.

[smartcode_project:default project_id=32227]

The community’s second stage, Georgette, offers spacious floorplans over one, two and three-bedroom configurations, delivered by Positive Investment Enterprise.

Designed by PBD Architects, the home features large windows, abundant light and contemporary finishes.

Ground-floor apartments enjoy private access to courtyards, while top-floor apartments enjoy north-facing views and an expansive rooftop terrace.

Offering a bustling community and integrating natural beauty, Kew integrates communal green spaces that feature barbeque facilities and play equipment.

<a href="/new-apartments/kew-schofields-stage-2-georgette-23-27-schofields-road-schofields"><img alt="" height="1190" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kew_2.jpg" width="1800"></a>

Boasting an idyllic lifestyle, the development is also located nearby Berowra Valley National Park, lifestyle amenities and golf courses.  

Two nearby train lines, Schofields and Tallawong connect you to the North Shore line, Richmond line and the Sydney CBD.

Slated for completion late this year, residents can secure a one-bedroom home from $440,000 or a two-bedroom home from $538,000.

View the project’s display suite tour below.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/KwiYcb9bbdI" title="YouTube video player" width="560"></iframe>
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Located in Sydney’s fastest-growing region, the master-planned community provides a true community living experience

Kew Schofields offers buyers a chance to buy in one of Sydney's fastest growing suburbs

The Inc is Melbourne-based developer Platinum&rsquo;s latest offering in Melbourne&rsquo;s south-east, delivered in collaboration with Red Collective.

Situated at 554-556 Inkerman Road, the home offers 19 luxury residences in two and three-bedroom configurations at a premium address.

Two-bedroom apartments in the complex begin from $945,000, while three-bedroom apartments start from $1,295,000.

Urban takes a look at five things we love about The Inc.

1. Sought-after location

[smartcode_project:default project_id=95292]

Situated in a premium Melbourne suburb, Caulfield North, the Inc is set amongst quiet tree-lined streets and rich cultural experiences.

Vast parklands, fine dining and shopping destinations are all within reach, and the development is only a short drive from bars and boutiques on Carlisle Street, High Street and Glenferrie Road.

One of Melbourne&rsquo;s best-connected suburbs, Caulfield North&rsquo;s extensive public transport network makes reaching schools, surrounding suburbs, the city, and the beach, simple

2. Designed by local architects

<a href="/new-apartments/the-inc-554-556-inkerman-road-caulfield-north" target="_blank"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the-inc-554-556-inkerman-road-caulfield-north-5c340cabd94cd35000f89913018ede67.jpg" width="2000" /></a>

Deeply considered, the Inc effortlessly integrates with the surrounding suburb and community with refined architecture and organic textures.

Designed by South Melbourne-based architects, Ewert Leaf, the premium development forms to make a textural masterpiece of architecture and amenity

The multi-disciplinary firm is known for their creative, innovative and pragmatic designs.

Past residential projects include Platinum Construction&rsquo;s Park Residences in Caulfield North and Fortis&rsquo; Malvern project, Balmoral. 
3. Spacious living spaces

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Generous open-plan layouts offer expansive indoor and outdoor living and dining areas, ideal for entertaining.

&ldquo;Each residence features floor-to-ceiling windows, integrated joinery, vast floorplans and oversized private terraces&rdquo;, said interior designer Doris Rocca.

From the terrace, homebuyers can soak up sunlight and enjoy views across leafy treetops to the bay and Melbourne CBD.

The interiors bestow a contemporary and unassuming backdrop for residents to furnish the home in their own unique style.

The home&rsquo;s feature a built-in feature fireplace encased in natural stone and other quality finishes. 
4.&nbsp;Landscaping by John Patrick

<a href="/new-apartments/the-inc-554-556-inkerman-road-caulfield-north" target="_blank"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the-inc-554-556-inkerman-road-caulfield-north-bd5f413ec3a1a892684e6b132cea1757.jpg" width="2000" /></a>

&ldquo;Featuring exquisite landscaping by John Patrick Landscape Architects, these luxury apartments perfectly assimilate into quiet yet character-filled Inkerman Road&rdquo;, the project marketing reads.

Patrick&rsquo;s landscaping transforms the residential building into an evergreen sanctuary, with outdoor entertaining space and calming greenery.

&ldquo;The deeply considered design moulds to the slope of the land, effortlessly integrating with its environment and community &ndash; it&rsquo;s as though the residences have always been there.&rdquo;

5. Entertaining kitchen

<a href="/new-apartments/the-inc-554-556-inkerman-road-caulfield-north" target="_blank"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the-inc-554-556-inkerman-road-caulfield-north-f5f53d75dfa4adfbf0a305df3f511f60.jpg" width="2000" /></a>

The Inc&rsquo;s kitchen is certainly the heart of the home, offering an abundance of space, sophistication and high-end functionality.

Whether hosting a dinner party or preparing a simple meal, the home features fully-integrated European appliances and generous cabinetry to make cooking enjoyable and stress-free. 
Natural stone benchtops and splashbacks and tactile earth tones harmonise with the organic textures outdoors.

All kitchens feature cooktops, a black oven and an optional borderless wine fridge.

The Inc is Melbourne-based developer Platinum’s latest offering in Melbourne’s south-east, delivered in collaboration with Red Collective

Five things we love about The Inc at Caulfield North

Developers are seeing increased interest in townhomes as homebuyers in the inner-city area seek convenient, spacious living.

Urban spoke with ICON Developments’ commercial director Scott Jarzynka, who noted that he’d seen an increase in both interest and sales post-COVID-19.

“People in the area are realising they need more space than they can find in an apartment offering locally”, he said.

<blockquote>
One thing we have noticed is purchasers are more certain of their decision, they understand the benefits of townhome living and are ready to make the commitment.
</blockquote>

According to Jarzynka, young families are making up the majority of buyers in townhouse developments, including their Balaclava project Inkerman &amp; Nelson.

[smartcode_project:default project_id=25572]

“[Young families] are the ones interested in maintaining the inner-city lifestyle and not having to compromise on local amenity”, he said.

Townhomes are typically the next step from apartment living, offering the extra space a growing family needs.

However, Jarzynka did not only emphasise a home’s design but their location, as a crucial factor when purchasing any property.

“Access to things like transport, dining, green space and good schools are important not just for living in a home but especially for the resale value.

“Secondly, size matters; townhomes offer the best value for those wanting space and location without the multi-million-dollar budgets.”

Urban takes a look at four townhomes perfect for families in Melbourne’s inner-city suburbs. 
&nbsp;

1. Port Lane, Port Melbourne 
Address: 201 Williamstown Road, Port Melbourne VIC 3207 
Three-bedroom townhomes from $1,025,000

[smartcode_project:default project_id=89720]

Boasting 122 three-bedroom residences, Port Lane offers a quality selection of townhomes in Port Melbourne.

The coastal community has been developed by ID_Lands alongside architects Rothelowman and interior designers Hecker Guthrie.

Curated landscaping by Tract frame the townhomes, sitting in harmony with their coastal environment and the Port Melbourne community. 
&nbsp;

2. The Lincoln Collection, Essendon 
Address: 8-10 Lincoln Road, Essendon VIC 3040 
Three-bedroom townhomes from $1,245,000

[smartcode_project:default project_id=84629]

The Lincoln Collection features just 14 limited edition townhomes in two, three and four-bedroom configurations in Melbourne’s inner-city suburb of Essendon.

Designed by DKO Architecture, the development features timeless appeal with versatile floorplans and exceptional spaces. 
&nbsp;

3. Attica, St Kilda East 
Address: 47 Lansdowne Road, St Kilda East VIC 3183 
Three-bedroom townhomes from $1,548,250

[smartcode_project:default project_id=23328]

Designed by Melbourne-based Perkins Architects, Attica delivers a series of seven townhouses that challenge the perceived boundaries of modern design.&nbsp;

The development offers seven residences in two and three-bedroom configurations, featuring natural stone, oak timber and warm greys.

Attica is surrounded by the abundant offerings that form two of Melbourne’s liveliest suburbs, St Kilda East and Windsor.

 
4. Inkerman &amp; Nelson, Balaclava 
Address: 283-297 Inkerman Street, Balaclava VIC 3183 
Three-bedroom townhomes from $1,285,000

<a href="/buildings/inkerman-nelson-283-297-inkerman-street-balaclava"><img alt="" data-entity-type="" data-entity-uuid="" height="2000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/inkerman-nelson-283-297-inkerman-street-balaclava-b8797277fb61a4b739e26617a27132ac.jpg" width="2762" /></a>

Each of the Inkerman &amp; Nelson townhomes so far have been sold to owner-occupiers and only four homes remaining in the development.

ICON is focused on creating flexible and customisable residences,

Designed by MAArchitects, the homes are considered for the customer and how they live, particularly young families who need a space that will be able to adapt as they grow.&nbsp;

Urban spoke with ICON Developments’ commercial director Scott Jarzynka, who noted that he’d seen an increase in both interest and sales for townhomes post-COVID-19

Townhome insights: Family residences you can secure in inner-city Melbourne

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Verre in Preston, in Melbourne’s north, is a new development by Wolf &amp; Lamb on a site steeped in history.

Set for completion in early 2022, the project comprises 57 one, two and three-bedroom apartments designed by Melbourne-based architecture studio, Chamberlain Architects.

Urban recently spoke with Wolf &amp; Lamb to discuss the luxury project.

MK: What are the highlights of Verre and what has attracted buyers to the project?

W&amp;L: The primary things buyers like about Verre are the look and appearance of the building, The floorplans, the fixtures and finishes and the price. Other things they love about the project is the size of it and the view to the East or West.

[smartcode_project:default project_id=7275]

MK: What was the development’s design brief for Chamberlain Architects?

W&amp;L: The brief to the architect was to create a landmark building that heralds a new era for this part of Plenty Road. It was important for us to develop the site for the long term, and we wanted a building that would stand the test of time, and provide a positive impact on the area.

We were also aware of the fantastic views to the east and the south and wanted a building that took advantage of this. The brief for the apartments was that they be generous in size and considered in the way the space was used.

<a href="/new-apartments/glass-haus-preston-296-plenty-road-preston-vic-3072"><img alt="" height="990" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/verre_3.jpg" width="1800"></a>

We are delighted with what the team at Chamberlain Architects have been able to deliver.

MK: What is Verre’s relationship with glass and how has this manifested in the building’s design?

W&amp;L: 296 Plenty Road was the location of a family-owned and operated glassworks factory for over 80 years. The factory — ‘Peerless Glass’ became synonymous with glass innovation in Melbourne. It was one of the first local manufacturers to offer glass products which utilised sandblasting and bending techniques.

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To this very day; Peerless Glass’ legacy can still be found all around Melbourne. From residential applications such as sandblasted glass doors (popular for houses built in the 1950s) to public establishments such as yacht clubs and even large department stores such as Myer.

The glassworks ceased operations long ago, but ownership of the building has remained with the original family — spanning multiple generations. The family is proud to present Verre. An evolution of the original glassworks — a fitting homage to its past and in maintaining a connection and nod to the heritage of the original glass works we are offering each apartment buyer a bespoke, hand-blown glass feature pendant light upgrade by Melbourne-based glass designer; Mark Douglass. An organic statement piece it sits effortlessly alone and great as a cluster. This offer is exclusively for Verre buyers.

<a href="/new-apartments/glass-haus-preston-296-plenty-road-preston-vic-3072"><img alt="" height="1079" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/verre_4.jpg" width="1800"></a>

MK: Where have buyers come from, and who is the development appealing to?

W&amp;L: The majority of the buyers are locals who have been renting in the area.  A fair number of these have been first home buyers but we have had a couple of downsizers and upsizers too.

 

MK: Are there any other residential developments in the pipeline?

W&amp;L: Currently we are in the early stages of securing another site in Preston and St Kilda
</body></html>

Set for completion in early 2022, the project comprises 57 apartments designed by Melbourne-based architecture studio Chamberlain Architects.



What buyers need to know about Verre in Preston: Urban chats with developer Wolf & Lamb

The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Max Kwok

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