With 99 per cent of the Heidelberg West market being single houses and townhouses, builder developer <a href="/developers/kincaid-projects">Kincaid</a> has taken great care to ensure its rare Cultivate apartment development is reasonably priced for first home buyers looking to enter the property market.&nbsp;

Cultivate offers stamp duty savings for first-home buyers, making owning a home even more accessible.

Tailored for first home buyers, Cultivate provides access to incentives such as the $10,000 First Home Owner Grant, stamp duty exemption, and the chance to buy with a five per cent deposit through the Victorian Home Buyer Fund Shared Equity Scheme or First Home Guarantee Scheme for units up to $600,000.

[smartcode_project:default project_id=628 project_image_fid=276967]

<a href="/buildings/cultivate-heidelberg-west-294-bell-street-heidelberg-west">Cultivate</a> offers 146 one, two and three-bedroom apartments across two 11-level buildings in one of Melbourne's most well-serviced employment areas.

The price for a one-bed apartments starts at $411,000, while the two-bedroom apartments start from $530,000, both under the $600,000 exemption for stamp duty.

The three-bedroom apartments start from $815,000.

Space was afforded to the living areas in the apartments at Cultivate. They opened to balconies that provide views of natural parklands, the cityscape, and riverways.

[smartcode_project:default project_id=628 project_image_fid=276974]

Central landscaped gardens and rooftop entertaining spaces add to Cultivate appeal, mirroring Melbourne’s love of the outdoors within the development.

Situated in one of Melbourne's last affordable pockets, just 12 kilometres from the CBD, Cultivate benefits from its proximity to various healthcare facilities such as Austin Hospital, The Mercy, and La Trobe Private Hospital.&nbsp;

Cultivate is also conveniently located near RMIT and La Trobe University, making it an ideal choice for students and staff.

[smartcode_project_cta:default project_id=628]

mikah.m@urban.com.au

First Home Guarantee Scheme on offer at Kincaid's Cultivate apartments in Heidelberg West

"It was all about the location."

That was the view of Adam Sloane, founder of <a href="/developers/sloane-property">Sloane Property</a>, when discussing his Brighton townhouse development, 111 Carpenter.

"I knew <a href="/new-townhouses/111-carpenter-brighton-111-carpenter-street-brighton">111 Carpenter</a> was a fantastic, central site for a townhouse project based on the tree-lined streets, shops, schools, and transport which are all at your door," Sloane added.

"It is the ideal spot to base your family and explore all that Bayside has to offer."

Sloane highlighted Brighton's exceptional lifestyle offerings.

"There’s the beach, the parks, the café culture, cinemas, retail… it has it all."

[smartcode_project:default project_id=7517 project_image_fid=214118]

<a href="/developments/brighton-vic-3186">Brighton</a> is known for its vibrant beachside lifestyle, featuring iconic beach boxes, panoramic views of the city skyline and Port Phillip Bay, and a range of outdoor activities.

Future residents of the boutique collection of seven three and four-bedroom townhouses will be a quick five-minute drive from a swim at Brighton Beach, or a sail and casual meal from the restaurant and bar at Royal Brighton Yacht Club.

The suburb also offers numerous green spaces, perfect for family-friendly activities and outdoor fun within walking distance.

Wilson Reserve, with a playground, lawned playing field and the Brighton Recreation Centre, is a 12-minute walk. Opposite Wilson Reserve is the Crowther Oval, across from Brighton Grammar School.

[smartcode_project:default project_id=7517 project_image_fid=218198]

Brighton’s dining scene features modern gastropubs, elegant Italian eateries, artisanal gelati, and high-end dining options, along with a plethora of local cafes.

Residents of 111 Carpenter will be just a four-minute walk from Bay Street, home to a variety of shops, restaurants, and cafes, including popular spots like Mr &amp; Mrs P, Vivace, Hecho en Mexico, and Rocksalt Cafe and Restaurant.

111 Carpenter is also located within the catchment area of some of Brighton’s top schools, making it an even more ideal option for family buyers.

Aside from Brighton Grammar School, 111 Carpenter is only within 800 metres from Brighton Primary School, Firbank Grammar School, St James' School, and Gardenvale Primary School.

Sloane had go-to architectural partner Chris <a href="/architects/megowan-architectural">Megowan</a> design 111 Carpenter.&nbsp;All seven townhouses are north-facing, and some feature a master bedroom on the third level which overlooks neighbouring rooftops.

[smartcode_project:default project_id=7517 project_image_fid=222382]

“It’s rare to find a development in Melbourne where every dwelling has an ideal orientation and access to at least two exposures for ventilation," Chris Megowan, a Brighton local, said.

Each townhouse has either three or four bedrooms across two or three levels with private landscaped gardens by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a>.&nbsp;Each home also offers double lock up garages with internal private access.

Sloane has gone with long-time collaborator and award-winning architectural practice Megowan to design 111 Carpenter.

Award-winning builder Virgon Construction has begun works on site, with completion forecast for late 2025.

[smartcode_project_cta:default project_id=7517]

Why location is paramount at Sloane's latest Brighton townhouses 111 Carpenter

The Porter House Hotel, a distinguished landmark in Sydney’s CBD, has garnered significant acclaim at the AIA Architecture Awards NSW 2024, receiving both the Greenway Award for Heritage and the NSW Award for Commercial Architecture.

These accolades recognize the building’s exceptional blend of heritage preservation and innovative commercial design, marking it as a standout project in Sydney’s architectural landscape.

The Porter House Hotel earned the NSW Award for Commercial Architecture for its innovative design that integrates a heritage-listed building within a modern architectural framework.

"The Porter House Hotel offers a moment of visual clarity that stands out from all angles despite its position deep within the CBD of Sydney," the jury noted.

"Encompassing the heritage-listed Porter House within its podium, the design creates a conversation between heritage and modernity; one which occurs at multiple scales from touchpoint to tower."

<img alt="2024 NSW Architecture Awards - Porter House Award for Commercial Architecture" data-entity-type="file" data-entity-uuid="62ccfdf3-b2d6-4bb6-9157-d335bd47d0e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/01_The%20Porter%20House%20Hotel_Candalepas%20Associates_Rory%20Gardiner.jpg?VersionId=4bEqJsPaWUkY94dUVb3BG44ePgR9M.Dd" />

<a href="/architects/candalepas-associates">Candalepas Associates</a> demonstrated "an adroit commercial acumen, deftly managing the interaction of multiple typologies."

"Design thinking and commerciality are combined to enable the project’s realization in a pragmatic and competitive landscape, all the while enabling heritage renewal and contributing to the evolving life of Sydney’s CBD."

A pivotal aspect of The Porter House Hotel’s design is its ability to invite the public into its precinct.

"Thoughtful planning invites the public into the precinct, where ground-level activation contributes to and draws on the vitality of the city to enhance the overall experience of both," remarked the jury. "Expressive facades encourage curiosity and invoke architectural heritage and nostalgia for an urban grace that appears nearly lost."

[smartcode_project:default project_id=7758 project_image_fid=249129]

Regarding its recognition with the Greenway Award for Heritage, the jury stated that The Porter House Hotel "stands as a testament to meticulous heritage conservation and adaptive reuse."

Originally completed in 1883 as the ‘Dixson &amp; Sons’ tobacco factory, the building has transitioned over the years, accommodating various businesses before its transformation into a contemporary hotel.

The Porter House building has now taken on a new life as the Porter House Hotel, a 122-room hotel with suites, private event and conference rooms, and hospitality venues.

"The existing timber structural frame has been faithfully exposed with sensitively detailed augmentations," noted the jury. "Reconstruction of the entry-level ground plane, reinstatement of the original bald face facade and liberation from non-original awnings ensures clear legibility of the complete heritage item from the public domain."

[smartcode_project:default project_id=7758 project_image_fid=250517]

Unique hotel interventions and interior elements within The Porter House Hotel are choreographed as crafted elements, tuned in balance with the retained manufacturing building.

"A healthy dialogue is established between old and new, balanced and without overt subservience or dominance. Successful interpretive strategies to celebrate the site’s cultural richness include conservation and display of discovered artefacts, restored murals, and interpretive signage."

Adding to its prestige, The Porter House building is situated beneath <a href="/buildings/castle-residences-sydney-116-castlereagh-street-sydney">Castle Residences</a>, a contemporary development housing luxury apartments above, developed by <a href="/developers/united-development-sydney">United Development Sydney</a>. This integration underscores the building’s role not only as a cultural landmark but also as a dynamic contributor to Sydney’s residential and commercial sectors.

&nbsp;

&nbsp;

[smartcode_project_cta:default project_id=7758]

Adding to its prestige, The Porter House building is situated beneath Castle Residences, a contemporary development housing luxury apartments above, developed by United Development Sydney

Porter House wins two categories at 2024 NSW Architecture Awards

In 2016, developer Hyecorp identified a prime location, the site of the Roseville RSL Club, which had been a fixture next to Memorial Park since the 1930s.

They envisioned transforming it into a boutique apartment building.

After extensive discussions with both the Roseville community and the local council to ensure the best outcome for the area, Hyecorp unveiled Juliet, 35 apartments above a redesigned ground floor club that will be more fine-dining than sticky floors with tired decor.

<a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>&nbsp;offers a point of difference in a suburb dominated by larger family homes, with very little supply of new apartments. Less than a third of housing in Roseville is apartments, and of those, only 30 per cent have more than two bedrooms.

Hyecorp has identified the gap in the downsizer market and has prioritized larger apartments, with nearly half of the Juliet apartments offering three or four bedrooms.

[smartcode_project:default project_id=7395 project_image_fid=278204]

Hyecorp had its sights set on the site due to its connectivity, being just 150 metres from Roseville Station, and proximity to nature with the adjoining Roseville Memorial Park.

Future Juliet residents will also find a variety of recreational and leisure options nearby. The Roseville Cinemas, Roseville Park Tennis Courts, and several parks and nature reserves are within a short distance.&nbsp;

The development’s strategic position also means that shopping and dining options are abundant, with Chatswood Chase, Westfield Chatswood, and The Concourse Chatswood all accessible within minutes.&nbsp;

Roseville Village, with its cafés, restaurants, and retailers, is just a five-minute walk away, offering a lively cosmopolitan experience within a serene setting.

<img alt="Juliet, Roseville - 64 Pacific Highway, Roseville map" data-entity-type="file" data-entity-uuid="2b8c228d-6057-4686-b49e-977e89c11dd6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Juliet%20Map.png?VersionId=24ESI29CjMBQWj6TvsgGB6_faIi7xzVK" />

For families, the suburb is home to several prestigious schools, making it a desirable location for those with educational priorities.

Roseville is renowned for its excellent educational options, including Lindfield Public School, Roseville College, Roseville Public School, Our Lady of Dolours K-Y6, and Mercy Catholic College, all within five minutes of Juliet.

Retirees will also have convenient access to several healthcare institutions within a few minutes drive including the North Shore Private Hospital, Royal North Shore Hospital and Mater Hospital.

&nbsp;

[smartcode_project:default project_id=7395 project_image_fid=278196]

Juliet, a collaboration between Hyecorp, the Roseville Memorial Club, and <a href="/architects/pbd-architects">PBD Architects</a>, comprises just 35 one, two, three, and four-bedroom apartments, many of which feature multipurpose and study rooms.&nbsp;

The development also includes a rooftop entertaining area with views across the local area and back to Sydney.

North Shore Property Construction has been appointed as the builder of Juliet.

[smartcode_project_cta:default project_id=7395]

Hyecorp had its sights set on the site due to its connectivity, being just 150 metres from Roseville Station, and proximity to nature with the adjoining Roseville Memorial Park

Juliet: One of the most connected apartment developments in the leafy Roseville

LK Property Group is approaching the sell-out of its Glen Iris townhouse development, Lori.

<a href="/new-apartments/lori-glen-iris-1610-malvern-road-glen-iris">Lori</a> has only two of its eight three-bedroom townhouses left, driven by demand predominantly from local buyers.

[smartcode_project:default project_id=114100 project_image_fid=246520]

<a href="/developers/lk-property-group">LK Property Group</a>, led by billionaire property developer and NBL owner Larry Kestelman, has partnered with award-winning architectural practice Megowan for the design of Lori.

The townhouses are situated on a sloping block, which allows for expansive views of the surrounding treescape through large picture windows.

The units feature high ceilings and full-length windows to maximise natural light and provide views of the preserved 100-year-old trees on the site.

Each townhouse includes three bedrooms across two levels and a secure, flexible garage space. The garage can accommodate and charge two cars or be used for business, artistic pursuits, or workouts.&nbsp;

[smartcode_project:default project_id=114100 project_image_fid=246531]

The development is also fully electric, emphasising a more renewable path and reduced environmental footprint for residents.

The construction of Lori by builder Immerse Constructions is well underway and is expected to be completed later this year, with move-in dates projected before Christmas 2024.

Read more:&nbsp;<a href="/news/vic/family-friendly-and-surrounded-by-nature-loris-supreme-location-in-glen-iris">Family friendly and surrounded by nature: Lori's supreme location in Glen Iris</a>

[smartcode_project_cta:default project_id=114100]

New Glen Iris townhouse development Lori approaches sellout ahead of Christmas move-in

Royal Far West (RFW) has officially commenced construction of its beachfront development, breaking ground today on the Manly beachfront site with construction partner Multiplex, to help support the organisation’s mission of improving the health and well-being of country children nationwide.&nbsp;

Following the completion of early and enabling works at the development to be known as Aurora Manly, a smoking ceremony and sod-turning ceremony took place on the future site and was attended by Zali Steggall OAM, Member for Warringah, and internationally renowned architects Glenn Murcutt AO and Angelo Candalapas who were commissioned by RFW to design the RFW Neighbourhood.&nbsp;

<img alt="Royal Far West and Multiplex break ground, Manly" data-entity-type="file" data-entity-uuid="1c1cf118-d41f-4468-88ab-457e8c42ac7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2024_06_28_MPX_RFW_Sod-001.jpg?VersionId=UHAHII9sfZ1dtZFKP9Up9OH0v6D6VSkk" />

The Manly-based charity is a specialist child development service that provides vital paediatric and allied health services and support to country children to enrich their development. For nearly 100 years, RFW has welcomed children and their families to their Manly facility for health treatment, while also pioneering telehealth services to remote areas across Australia.&nbsp;

The development of Royal Far West’s land is a bold new approach to future-proof the sustainability of the charity and its ability to gift vital paediatric health services, in response to the growing need from country children and families who are unable to access vital services in the bush. &nbsp;

Royal Far West appointed Multiplex as the construction partner for the RFW Neighbourhood in February 2024, and the development comprises waterfront apartments, revitalised accommodation for country and families as well as a blend of retail, commercial and lifestyle-related spaces. The development underscores the commitment by RFW to deliver an iconic neighbourhood to support healthy country children as well as provide amenities to the northern beaches community.&nbsp;

In the last decade, the number of children and families RFW has supported has increased exponentially with a 69% increase in beneficiaries in 2023 alone, and the need for support continues to grow. Currently, children in regional and remote Australia are waiting up to six years to see a paediatrician or there are no services at all. This, coupled with compounding natural disasters, such as bushfires and floods, has seen the number of country kids in need of developmental and mental health services drastically increase. &nbsp;

<img alt="Aurora Manly" data-entity-type="file" data-entity-uuid="aa9547cf-b65e-4b64-a573-5be8088c26fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/RFWxMultiplexDevelopment_ExteriorCornerRender.jpg?VersionId=mURBec6Jz55ISUxUPV7bznnK_2XH2sSw" />

Joan Treweeke OAM LLB, RFW’s Board Chairman, says this development is an important step towards securing the future for Royal Far West and Australia’s country kids.&nbsp;

“At Royal Far West we have been proudly delivering health services from our home in Manly for almost 100 years, and this development will play an important role in ensuring we can continue to gift essential healthcare to those most in need for another 100 years to come," Treweeke said.&nbsp;

“Where you live should not be a barrier, nor a cause for disadvantage, yet 190,000 children in rural and remote Australia have health and development needs that are not being met. Royal Far West aims to &nbsp;bridge this gap, to ensure that all country children can reach their full potential.”&nbsp;

Multiplex’s NSW Regional Managing Director, David Ghannoum, said Multiplex was looking forward to partnering with RFW to deliver the development for the charity, for purchasers and the community. &nbsp;

“We’re delighted to mark the start of construction and are proud to be delivering this world-class development for the charity, enabling them to bolster their services and expand their impact for country kids. We look forward to progressing on site and leaving a legacy that will benefit generations to come.” &nbsp;

The development of Royal Far West’s land is a bold new approach to future-proof the sustainability of the charity and its ability to gift vital paediatric health services, in response to the growing need from country children and families who are unable to access vital services in the bush

Royal Far West and Multiplex break ground on Manly apartment development

Multi Master Builders Victoria award-winner,&nbsp;Brompton Construction, has officially commenced construction on Abadeen's Malvern East apartment development, Malea.

<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a> will bring seven luxury apartments to this sought-after area.

[smartcode_project:default project_id=141969 project_image_fid=222388]

&nbsp;

“<a href="/developers/abadeen-group">Abadeen</a>&nbsp;chose Maléa because of its incredible location opposite Central Park in the beating heart of&nbsp;<a href="/developments/malvern-east-vic-3145">Malvern East</a>," Andrew Leoncelli, who runs Abadeen's Victoria arm, says.

"We are committed to delivering a project of exceptional quality in this dynamic and thriving community across from one of the great heritage parks moments from all the very best that&nbsp;<a href="/developments/melbourne-vic" target="">Melbourne</a>&nbsp;has to offer."

[smartcode_project:default project_id=141969 project_image_fid=222389]

&nbsp;

Designed by <a href="/architects/ewert-leaf">Ewert Leaf</a>, Malea focuses on maximising the garden-centric atmosphere characteristic of Malvern East.

The development is targeting a 6.5-Star Green Energy Rating and will feature three garden terraces designed by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick and Associates</a>, promoting an indoor-outdoor living environment.

[smartcode_project:default project_id=141969 project_image_fid=222406]

<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>&nbsp;is strategically located within walking distance of the vibrant <a href="/developments/malvern-east-vic-3145">Malvern East</a> village, providing residents with easy access to local amenities and community hubs.

<a href="/builders/brompton-construction">Brompton Construction</a>&nbsp;is expecting to complete the building in late 2025.

[smartcode_project_cta:default project_id=141969]

Brompton Construction is expecting to complete Maléa in late 2025.



Abadeen break ground Malvern East apartment development, Maléa

Renowned Gold Coast construction firm Greyburn is making significant headway on the luxury Isle of Capri villa development, Capri.

Greyburn poured the initial concrete slabs for the villas this week, a major milestone in the build of the 48 villas that make up the 1.12-hectare gated community being delivered by&nbsp;<a href="/developers/monaco-property-group">Monaco Property Group</a>.

Over the next six weeks, work will focus on developing the internal roads and constructing the external walls of the villas which are part of the first&nbsp;major residential project on the <a href="/developments/isle-of-capri-qld-4217">Isle of Capri</a> in over 30 years.

[smartcode_project:default project_id=139511 project_image_fid=280882]

Designed by <a href="/architects/plus-architecture">Plus Architecture</a> and <a href="/architects/bda-architecture">BDA Architecture</a>, Capri offers two and three-level villas centred around resort-style amenity including a pool with submerged lounge chairs, a sundeck, an outdoor dining terrace, a covered barbecue area, and a lounge equipped with a kitchen, bar, TV, lounge, and fireplace.

The gated community is strategically located, providing residents convenient access to Southport’s private schools, Broadbeach’s dining and entertainment precinct, Bundall’s commercial centre, and the HOTA arts precinct.&nbsp;

[smartcode_project:default project_id=139511 project_image_fid=213450]

It is also within 800 metres of the cafes, restaurants, and shops at Capri on Via Roma, including Harris Farm Markets.

Capri has proven particularly attractive to empty nesters, with most sales to date made to downsizers from nearby suburbs.&nbsp;

Construction of Capri is track for completion in late 2025.

[smartcode_project_cta:default project_id=139511]

Construction advances at luxury Isle of Capri villas

Melbourne developer&nbsp;<a href="/developers/pask-group">Pask Group</a> will welcome off the plan apartment buyers to its luxury Palm Beach apartment development, Esplanade, in the coming weeks.

Esplanade was a hit with buyers during the pandemic, quickly selling out back in 2022.

Projeckt marketing company, NPA Projects, who sold the project on behalf of Pask Group, is completing its final pre-settlement inspections before handing over the keys to the homeowners.

"The building's been well handled by <a href="/builders/hutchinson-builders">Hutchinson's</a>," Andrew Erwin from NPA Projects said, adding that owners&nbsp;will receive their keys and move-in welcome packs on July 1.

&nbsp;

[smartcode_project:default project_id=107137 project_image_fid=182224]

Designed by <a href="/architects/plus-architecture">Plus Architecture</a> and set in landscaping by <a href="/landscape-architect/form">FORM Landscape Architect</a>, Esplanade features two dual-level Beach Houses, 12 apartments, and two penthouses, ranging from 220 sqm up to 446 sqm.

The split-level, four-bedroom Beach Houses start on ground level, each with its own private plunge pool and living spaces wrapped around a private courtyard. Each Beach House also features two open-plan kitchens, living and dining areas, and separate guest quarters located on the lower floor.

The three-bedroom apartments, which start from 220 sqm, run at two per floor to level eight, and every apartment will have a large ocean-facing balcony.

[smartcode_project:default project_id=107137 project_image_fid=182233]

On the ground level is the resident amenity, which includes a 20-metre lap pool with wet edge and sunken lounges, outdoor dining areas and barbecue space, as well as a gym – cultivating a resort-style living experience and a strong sense of community.

<a href="/developments/palm-beach-qld-4221">Palm Beach</a>&nbsp;has continued to be one of the hottest markets on the Gold Coast from the pandemic through to now. <a href="/news/qld/first-look-exclusive-ignite-projects-head-back-to-palm-beach-beachfront-with-latest-apartment-development">Ignite is heading back to the beachfront</a> having sold out <a href="/new-apartments/cabana-1-nineteenth-avenue-palm-beach">Cabana</a> at around the same time as Esplanade. They're planning a September launch for their new project on Jefferson Lane, 36 apartments designed by&nbsp;<a href="/architects/plus-architecture" target="">Plus Architecture</a>.

Sherpa has eyes on another project having acquired <a href="/news/qld/sherpa-secure-three-new-palm-beach-sites-for-next-gold-coast-apartment-development">three adjoining sites at 8-12 Sixth Avenue for its next project</a>, while they continue building <a href="/new-apartments/perspective-nexus">Perspective Nexus</a>, also in Palm Beach.

[smartcode_project_cta:default project_id=107137]

Buyers to move into Pask's The Esplanade, Palm Beach apartments

The under-construction Chevron One will be the only opportunity buyers have of living in a true high-rise tower on the small Chevron Island.

<a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>, developed by the Melbourne-based developer Bensons and being delivered by construction partner ICON, will be the only skyscraper Chevron Island will ever see.

Strict height limits of 33 metres enforced shortly after the 2019 approval of the 41-level tower by Marchese Partners means Chevron One, which will top out at 127 metres, will be the tallest tower to ever be built in the small village-style suburb.

[smartcode_project:default project_id=6515 project_image_fid=215811]

<a href="/builders/icon">ICON</a>&nbsp;recently commenced pouring on level five, and is expected to complete the build in late 2025, with off the plan buyers moving in shortly after.

<a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>&nbsp;comprises 228 one, two, and three-bedroom apartments, designed with open-plan living areas and kitchens designed by renowned chef Shannon Bennett.&nbsp;

Residents will have access to nearly 2000 sqm of resort-style amenities, including a private outdoor lagoon pool with a floating cinema, sculptured gardens, an indoor/outdoor beach, a lap pool, a spa and sauna, exclusive dining facilities, a resident’s lounge with barbecue facilities, a gymnasium, and a yoga and Pilates room.

[smartcode_project:default project_id=6515 project_image_fid=68841]

The popularity of Chevron Island has soared in recent years.

The boom has been reflected in enquiry data collected by MatterFact, the data product from&nbsp;<a href="/" target="">Apartments.com.au</a>. The data shows that the average price per square metre has skyrocketed over the last three years, increasing between 35 to 50 percent in most cases.

In 2022, the average price per square metre for two-bedroom apartments was $8,200. This figure jumped to $9,900 in 2023 and currently sits closer to $11,000 in 2024.

Three-bedroom apartments saw a similar increase, rising from $8,900 in 2022 to $11,200 in 2023, and further to $13,200 in 2024.

Read more:&nbsp;<a href="/news/qld/from-sleepy-village-to-the-cultural-hub-of-surfers-paradise-inside-the-growth-of-chevron-island">From sleepy village to the cultural hub of Surfers Paradise: Inside the growth of Chevron Island</a>

[smartcode_project_cta:default project_id=6515]

ICON recently commenced pouring on level five, and is expected to complete the build in late 2025, with off the plan buyers moving in shortly after

Chevron One: Live in Chevron Island's only skyscraper

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

Joel Robinson

The apartment price gap drawing Sydney buyers west

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

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

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

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

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

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

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

Mikah

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