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Preliminary clearance rates in Melbourne came in at 63% for the week ending 6 December, down from the previous week's clearance rate of 65.9%, according to CoreLogic RP Data.
The best performing clearance rates were found in the Mornington Peninsular, 69.4%, and North East Melbourne, 68.4% from 152 auctions.
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North East Melbourne posts 68.4% clearance rate: CoreLogic RP Data

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Sydney's preliminary clearance rate has fallen for the tenth consecutive week, according to CoreLogic RP Data, with this week's fall down to 55.6% making for the fifth week in a row under 60%.
1,051 auctions were held across Sydney for the week ending 6 December, with five regions posting a higher than 60% preliminary clearance rate - the Inner West (66.1%), Eastern Suburbs (65.2%, City and Inner South (64%) and Northern Beaches and North Sydney and Hornsby (both 62.5%).
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Sydney's clearance rate falls for tenth consecutive week: CoreLogic RP Data

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New South Wales auction results for week ending Sunday 7 December show a preliminary clearance rate of 56% from 1051 scheduled auctions.
<div class="reported-auctions">
<div class="num">According to data from realestate.com.au, 294 were sold at auction within NSW, 222 passed in and 135 sold prior to auction.</div>
<div class="num"> </div>
<div class="num">One standout property in the Sydney suburb of St Ives - a three bedroom deceased estate at <a href="https://www.realestate.com.au/property-house-nsw-st+ives-121295810" target="_blank">29 Memorial Avenue St Ives</a>, sold at auction for $1,650,000</div>
<div class="num"> </div>
<div class="num"><a href="https://www.realestate.com.au/auction-results/nsw?rsf=edm:auction:nsw" target="_blank">Click here to see the full state breakout.</a></div>
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NSW auction clearance rate at 56%: Realestate.com.au

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Australian Property Monitors (APM) has released a list of auction results in Sydney for Saturday 5 December. 
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow">Click here</a> for the auction results, and click on each street address to see the property's marketing.
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APM's Sydney auction results for Saturday 5 Dec

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The national preliminary auction clearance rate for the week ending 6 December is at its lowest in 2015 at 59.2%, according to CoreLogic RP Data.
According to CoreLogic RP Data over the same weekend last year, 3,507 homes were auctioned with a clearance rate of 63.7%
Auction numbers this week were 3,209, down for last week's yearly high of 3,729.
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National auction clearance rate lowest in 2015: CoreLogic RP Data

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The number of national residential listings fell 0.4% from October to November, according to new figures from SQM Research.
Listing numbers in Adelaide, Melbourne and Canberra had a monthly rise with falls recorded for Darwin, Sydney, Perth and Brisbane.
SQM Research managing director Louis Christopher said Sydney residential property listings weighed down the national figure this month. 
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"It is a little abnormal to record falls in listings during November as the annual spring selling season reaches a peak during this month. Nevertheless we were expecting a pullback of sorts due to the massive surge in listings recorded in October," he said.
"Overall I think it is a mixed property market and nothing released today has changed my view on this.
"Sydney experienced a yearly rise of 11.8%, with residential property listings climbing from 25,577 to 28,597. Darwin also experienced excessive yearly growth with sale listings up 11.4% based on a total 2,042 listings. These figures indicate that the number of property sellers in both residential markets has increased."
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The October listings surge backs off in November: SQM Research

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GUEST OBSERVER 
Dwelling approvals: Dwelling approvals rose by 3.9 % in October, boosted by a 10.6 % increase in apartment approvals. Over the past year a record 233,180 new homes were approved.
The terms of trade (ratio of export to import prices) fell by 2.4 % to a 9-year low of 83.3 in the September quarter. But the terms of trade is still up 4 % on the 20-year average.
Record foreign debt: Net foreign debt rose by $25.5 billion to a record $993.8 billion as at the end of the September quarter.
Trade sector adds to economic growth: Net exports (exports less imports) will add 1.5 percentage points to economic growth in the September quarter. CommSec estimates that the economy grew by 0.9 % in the September quarter to be up 2.5 % over the year.
China purchasing manager indexes: The National Bureau of Statistics measure for manufacturing fell from 49.8 to 49.6 in November; the services index lifted from 53.1 to 53.6.
What does it all mean?
Courtesy of stronger demand for our exports, we expect the economy grew by almost 1.0 % in the September quarter. Last quarter media were comparing Australia to Greece after the economy grew by just 0.2 %. Will we see media comparing our economy with India or China if the economy grows as expected in the September quarter?
We can never become too complacent with our foreign debt position. In the past quarter our debt levels rose to almost $1 trillion dollars – not an event we should celebrate. The good news is that Australians are also investing overseas with latest data at record highs.
Dwelling approvals lifted by healthy 3.9 % October. From a longer term sense the lift in home building over the past couple of years has been extraordinary. Over the past year a record 233,180 new homes were approved – a boom that will continue to support economic activity over the next 12-18 months. Interestingly with the tightening in bank lending standards, it is pretty clear that the lift in supply should result in a much more balanced housing sector - as was highlighted by the pullback in home prices in five of the eight capital cities last month.
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What do the figures show?
 Building Approvals:
Dwelling approvals rose by 3.9% in October after rising 2.3% in September.  Over the past year a record 233,180 new homes were approved.
House approvals fell by 2.1% in October (private sector fell by 2.1%). Meanwhile ‘lumpy’ apartment approvals rose by 10.6% in October after rising by 7.5% in September. Private sector apartment approvals rose by 10.6% in October.
Dwelling approvals are up 12.3% on a year ago with house approvals down by 2.3% while apartments are up by 30.2%.
Across states and territories in October: NSW approvals rose by 22.0%; Victoria rose by 21.2%; Queensland fell by 28.7%; South Australia rose by 23.4%; Western Australia fell by 1.1%; Tasmania fell by 41.6%. In trend terms, approvals rose by 7.1% in the Northern Territory and fell 10.8% in the ACT.
The value of all commercial and residential building approvals rose by 6.4% in October after falling by 2.7% in September. Residential approvals rose by 9.8% with new building up by 10.5% while alterations &amp; additions rose by 3.7%. Commercial building fell by 1% in October to be up 19.6% over the year.
 Balance of Payments
The broadest measure of Australia's external position -  the current account – improved in the September quarter (smaller deficit), with the deficit falling from $20,506 million to $18,104 million.
The balance of goods and services was in deficit by $7,438 million after a $10,946 million deficit in the June quarter. Exports rose in real terms by 5.4% while imports fell by 1.8%.
At the end of the June quarter,  net foreign equity was $70.99 billion – essentially Australians own more assets overseas than foreign investors own here in Australia. And the positive net foreign equity position rose by $7.37 billion over the September quarter.
The trade sector (exports less imports) will add 1.5 percentage points to economic growth in the September quarter.
Terms of trade (ratio of export to import prices) fell by 2.4% to 83.3 in the September quarter – lowest level since June quarter 2006. But the terms of trade is still up 4.0% on the 20-year average.
Net foreign debt rose by $25.5 billion to a record $993.8 billion as at the end of the September quarter.
The debt servicing ratio (net income on foreign debt to goods and services credits) worsened from 7.4% to 7.7% in the September quarter.
 Government Finances
Government consumption spending rose by 0.7% in the September quarter after a 1.7% increase in the June quarter. But total public investment fell by 9.2% in the September quarter after rising by 2.1% in the June quarter. Overall, spending by the government sector  fell by 1.2% in the September quarter after rising 1.8% in the June quarter.
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 Consumer sentiment
The weekly ANZ/Roy Morgan consumer confidence rating fell by 1.7 points (1.5%) to 112.8 in the week to November 29 Confidence is down 1.0% over the year but above the average of 111.7 since 2014.
Just two of the five components of the index rose in the latest week:
The estimate of family finances compared with a year ago was  down from +9 to +4;
The estimate of family finances over the next year was  up from +23 to +25;
Economic conditions over the next 12 months was  down from +2 to -2;
Economic conditions over the next 5 years was  down from +10 to +6;
The measure of whether it was a good time to buy a major household item was  up from +28 to +31.
What is the importance of the economic data?
The Bureau of Statistics' monthly  Building Approvals release contains figures on local council approvals to build residential structures such as homes and units as well as commercial premises such as offices and shops.
Approval is one of the first stages of the construction ‘pipeline’ and is thus a key leading indicator of future activity.
An increase in approvals would point to stronger future activity for construction-related companies.
The quarterly Balance of Payments figures have few short-term effects on financial markets. The importance of the data is merely to highlight Australia’s trading position with the rest of the world as well as the contribution of foreign trade (exports less imports) to the latest estimates of economic growth.
The ANZ/Roy Morgan weekly survey of consumer confidence closely tracks the monthly Westpac/Melbourne Institute consumer sentiment index but the former measure is a timelier assessment of consumer attitudes and is now closely tracked by the Reserve Bank.
What are the implications for interest rates and investors?
The near $1 trillion in foreign debt will serve as a brake on the Aussie dollar, which at present seems a little high compared with the level of commodity prices.
A solid reading on economic growth in the September quarter will ensure that the Reserve Bank stays on the interest rate sidelines.
 
Craig James is the chief economist at <a href="https://www.comsec.com.au/default.aspx" target="_blank">CommSec</a>.
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Exports to lift growth, record building approvals: CommSec's Craig James

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Australian Property Monitors (APM) has released a list of auction results in Sydney for Saturday 28 November. 
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow">Click here</a> for the auction results, and click on each street address to see the property's marketing.
 
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APM's Sydney auction results for 28 November

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Sydney recorded a preliminary clearance rate of 56.3% from 954 auction results for the week ending 29 November, according to CoreLogic RP Data.
North Sydney and Hornsby region held 185 properties taken to auction, the highest of the sub-regions. 
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North Sydney, Hornsby leads Sydney auction pack: CoreLogic RP Data

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Last week Melbourne saw the highest volume of auctions it has seen throughout 2015, with 1,828 auctions held across the city and a preliminary clearance rate of 64.7%, according to CoreLogic RP Data. 
The strongest sub-region was Inner Melbourne, which had the highest number of auctions at 347 and a preliminary clearance rate of 71%.
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Inner Melbourne region takes clearance rate of 71%: CoreLogic RP Data

The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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Michael Crawford

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