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Cromwell Property Group has acquired a $405 million portfolio of New South Wales government offices.
New South Wales finance minister Greg Pearce says the seven office buildings sold for $100 million above expectations.
The portfolio includes two Sydney office towers – Bligh House and McKell Building – and office properties located in Wollongong, Newcastle and Queanbeyan.
The offices are 60% leased to long-term government tenants.
Only four bidders made the shortlist, including Charter Hall Group and Arena Investment.
The sale is the first stage of a multi-billion-dollar auction of New South Wales real estate assets.
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Cromwell secures $405 million government portfolio

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CBRE Group Inc. has appointed Daniel Queenan as the chief operating officer of the company’s Asia Pacific business, effective August 1.
Queenan, who will relocate from Chigaco to CBRE’s Hong Kong office, will work with chief executive Robert Blain to manage CBRE’s Asia Pacific business, with a particular emphasis on working with the company’s country and business line leaders to drive growth.
Queenan will also join CBRE’s senior executive commit, the Asia Pacific Strategy Group.
“Danny is an excellent addition to our leadership team,” says Blain.
“He brings strong management skills and a proven track record of performance to our Asia Pacific Business.
“I am very excited to have him join us and look forward to his partnership in helping to create growth and opportunity for our people and our clients,” says Blain.
Queenan is a 19-year veteran of the real estate industry and has held the position of chief executive of Trammell Crow Company, which he will continue alongside his new position.
Prior to joining CBRE, Queenan was the president and chief executive of a large US real estate development, Opus North Corporation.
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CBRE appoints new chief operating officer for Asia Pacific division

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LJ Hooker has unveiled a new kids app and website to entertain the youngsters while mum and dad engage with a real estate agent.
Mr Hooker Bear’s Letter Pop will help children with their spelling, word place, hand/eye co-ordination, fine motor skills and time management.
Kids will be taken across three environments, including the city, beach and country and will not be able to make their way through levels until successfully passing activities.
“Children attending open for inspections and marketing appraisals with their parents can now have fun with an element of practical learning as they catch letters, build words, watch the clock and engage in time management,” says CEO of LJ Hooker Georg Chmiel.
“LJ Hooker is a family-founded company, that’s why we see our foray combining social media and children’s education as the perfect fit for our company,” says Chmiel.
The free app is available on iPads, iPhones and android devices and can also be accessed as a web version via this <a href="https://kids.ljhooker.com.au/mr-hooker-bears-letter-pop/" target="_blank">link.</a>
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LJ Hooker unveils children's app

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A four-level, five-bedroom South Yarra mansion has been listed for sale with a price guide of $8 million-plus. 
Located on Domain Road, the contemporary property features floor to ceiling windows throughout, a grand library, a spiral staircase and an industrial lift.
The master bedroom is located on a floor-sized rooftop terrace, accompanied by a large balcony, gym and a bar.
The home is architecturally designed by Nicholas Day and Sue Carr and developed by CEEJ Developments.
It was built for a family and was completed approximately 18 months ago, however failed to secure a buyer during its November 2011 marketing campaign with a $10 million-plus asking price.
Is it being sold through expressions of interest closing June 4 through Darren Lewenberg and Gerald Delany of <a href="https://www.281domainrd.com/" target="_blank">Kay and Burton.</a>
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Domain Road, South Yarra $8 million-plus trophy home listing

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Olympic synchronised swimmer Irena Olevski and her husband Dave have listed their South Yarra home for June 1 auction with a $1 million price guide. 
The couple purchased the 1880 classic Victorian home on Surrey Road last year and have given it a complete makeover.
Prior to that, it sold in July 2008 for $690,000.
Located on a 141-square-metre block, the home features three bedrooms and two bathrooms.
The home also boasts rose river and spotted gum floors and a rear courtyard with automatic awning for year round entertainment.
David Lowenstein of Hodges Prahran/South Yarra has <a href="https://www.hodges.com.au/sale/5479647/122surreyroadnorthsouthyarra" target="_blank">listed</a> the property.
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Olympic synchronised swimmer Irena Olevski lists South Yarra home

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Edenhope, one of Moonee Ponds' grandest properties on 2,492 square metres, is on the market with a price guide in excess of $6 million.
Located on Maribyrnong Road, the 1873 property boasts fittings imported from across the world, including hand painted ceilings, Italian marble floors and English wallpaper.
The fountain in the front yard has been imported from Scotland.
Featuring four bedrooms and four bathrooms, the home also includes a ballroom, theatre room, indoor pool and an outdoor kitchen.
Edenhope previously operated as Edenhope Receptions and was held with the same family for over 75 years.
The current vendors purchased the property in 2005 for around $3 million and restored it into a home.
James Vakrinos of RT Edgar says the property's fireplaces are worth $50,000 on their own.
Vakrinos says the owners have spent millions renovating the home and it includes a lot of items money can’t buy, such as antique pieces.
Vakrinos says there has been a lot of enquiries and a couple of offers, but none have met the vendor’s expectations.
“It’s a unique property so it needs a unique buyer as well,” says Vakrinos. 
James Vakrinos and Gerald Betts of RT Edgar have <a target="_blank" href="https://www.rtedgar.com.au/?pagecall=property&amp;propertyID=2344121&amp;agentID=3193&amp;realestate=80_Maribyrnong_Road_MOONEE_PONDS_VIC_3039&amp;showGoBack=true">listed</a> the property.
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Edenhope Receptions-cum-renovated home in Moonee Ponds seeks $6 million-plus

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Karen Vogl of Hockingstuart Ringwood has been ranked Australia’s top performing female estate agent in the second Real Estate Business Top 100 Agents list, prepared in partnership with RP Data.
The announcement came yesterday at the Australian Real Estate Conference on the Gold Coast.
The annual ranking rated 100 agents across several criterias including sales volumes, sales numbers and average sale prices.
Vogl (pictured below) ranked 13th overall but took out the female crown, securing 145 properties during 2012, with a total sales volume exceeding $79 million. She sold $80 million worth of property from 148 sales in the first year of the rankings. 
<img alt="karenvogl" height="200" width="150" src="/images/stories/2013/05/karenvogl.png">
Vogl also took out the female crown <a target="_blank" href="https://www.propertyobserver.com.au/residential/mcgrath-mid-north-shore-agent-peter-chauncy-named-australias-top-estate-agent-by-real-estate-business/2012061455117">last year</a>, ranking 11th overall and securing over $80 million in sales.
Vogl has been in the Melbourne real estate industry for 11 years and holds the position of director.
She previously worked in environmental science, where she holds a masters degree.
“Real estate is about people, their expectations, hopes and happiness,” she says.
“It’s a wonderful, challenging responsibility to be handled diligently and with understanding.”
Vogl says Hockingstuart has an atmosphere where she can feel relaxed knowing that everyone is working towards the same goal.
“Providing happiness and peace of mind for our clients through the best real estate service possible.”
Vogl was the only Hockingstuart agent in the top 20.
James Tostevin of Marshall White &amp; Co in Melbourne took out first place, with the 18 year veteran securing 144 sales during 2012, with a total volume exceeding $203 million.
The top 10 female agents are:
<ol>
<li>
<a href="https://www.hockingstuart.com.au/?pagecall=staffMember&amp;staffID=89293" target="_blank">Karen Vogl (Hockingstuart, Ringwood, 13th)</a>
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/agent/Kathleen-Synnott/100" target="_blank">Kathleen Synnott (McGrath Estate Agents, Hunters Hill, 16th)</a>
</li>
<li>
<a href="https://thornleigh.ljhooker.com.au/about-us/our-team/amy-kaslar" target="_blank">Amy Kaslar (LJ Hooker, Thornleigh, 18th)</a>
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/agent/Tracey-Dixon/284" target="_blank">Tracey Dixon (McGrath Estate Agents, Hunters Hill, 27th)</a>
</li>
<li>
<a href="https://www.eldersrealestate.com.au/office/darwin/our-people/gennie-cox" target="_blank">Genevieve Cox (Elders, Palmerston/Darwin, 34th)</a>
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/agent/Alexandra-Stamatiou-Buda/163" target="_blank">Alexandra Stamatiou-Buda (McGrath Estate Agents, Leichhardt, 37th)</a>
</li>
<li>
<a href="https://thornlie.ljhooker.com.au/about-us/our-team/dahlia-rechichi" target="_blank">Dahlia Rechichi (LJ Hooker, Thornlie Southern Perth, 43rd)</a>
</li>
<li>
<a href="https://raywhiterockingham.com.au/agent/elsie-corby/" target="_blank">Elsie Corby (Ray White, Rockingham, 45th)</a>
</li>
<li>
<a href="https://www.eldersrealestate.com.au/office/gladstone/our-people/julie-watts" target="_blank">Julie Watts (Elders, Gladstone, 52nd)</a>
</li>
<li>
<a href="https://c21group.com.au/Team-Profile.php?name=Stephanie%20Hearne" target="_blank">Stephanie Hearne (Century 21, Cordeau Marshall, 55th)</a>
The top 10 agents can be found <a href="https://www.propertyobserver.com.au/industry-news/marshall-white-co-head-australia-s-top-10-leading-estate-agents-while-mcgrath-dominates-arec-marshallwhitere/2013052061494?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news" target="_blank">here.</a> Almost 300 agents entered their results for ranking this year. Applicants must nominate themselves and provide details of their sales in the last 12 months.</li>
</ol>
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Karen Vogl, Australia's top female estate agent for second year

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It is still possible to live the farming lifestyle on 41.5 hectares of rolling pastures and only be one hour away from the Melbourne CBD. 
Located on Black Range Road in Romsey, Lansdowne has been held by the same family for over 50 years.
<a target="_blank" href="https://www.prh.com.au/property-overview?listing_id=641">The 41.5-hectare property</a> is spread across two titles and includes sheep and cattle yards, timber woolshed, hay sheds and three paddock dams.
The farm includes a long road frontage to a five-bedroom timber home, which was constructed in 1965.
“With the Melbourne metropolitan area only about one hour away, I consider Landsdowne at Romsey as ideal for a buyer who wants to retain an easy business, family or similar connection to the city,” says listing agent Peter Hawkins of Pat Rice and Hawkins.
The property is being sold as EOI, closing June 14.
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Romsey 41.5 hectares of rolling pastures listed an hour from Melbourne CBD

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A circa 1910 home in Bolwarra known as The Oak has been taken off the market after failing to sell.
It was listed with a price guide of $1.55 million plus. 
The property at 21 Kensington Road last sold in November 2005 for $1.25 million.
The Bolwarra heritage home was designed by architect John Wilshire Pender but has since been restored, renovated and extended.
Pender specialised in architecture in Maitland and set up his practice in 1863.
During his career, Pender built a number of significant public buildings, cottages and homesteads including St Luke’s Anglican Church and the Presbyterian manse in Tamworth.
Pender is responsible for designing Benhome, a classical revival home on Regent Street, now a popular tourist attraction due to its architectural design. 
Pender also designed the Morpeth School of Arts and the Maitland Cultural Centre.
Three generations of the Pender family have worked as architects, spanning 125 years – the longest surviving architectural firm in the English speaking language.
The four-bedroom, two-bathroom property sits on 2,791 square metres and boasts ornate ceilings and a dome ceiling feature in one of the bedrooms.
The bedrooms each feature French doors, which open onto private verandahs and terraces.
The music room features twin columns and high ceilings.
Marketing began on the property in October 2012 when it was first listed for $1.72 million.
It then dropped its price by $170,000, but still failed to attract a buyer.
Rhonda Nyquist of <a target="_blank" href="https://www.prdhuntervalley.com.au/21-Kensington-Rd-MAITLAND?_id=r14378">PRDnationwide</a> Hunter listed the property.
The median house price in <a target="_blank" href="/news">Bolwarra</a> is $423,500, according to RP Data.
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The Oak in Maitland fails to sell

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Dominique Bergel-Grant of Leapfrog Financial has raised over $2,000 for the Humpty Dumpty Foundation at the 2013 Shares vs Property event.
Held at the Kirribilli Club in Lavender Bay on Wednesday May 15, the event had 70 attendees and two prominent guest speakers.
The speakers included chief executive officer of Raine &amp; Horne Angus Raine and share market and long-term investment commentator Michael Bailey.
Angus Raine shared his insights into the state of the residential market and the need to focus on areas often forgotten about, while Bailey explained the significants and benefits of long-term investments in comparison to cash.
Charity was the winner at the end of the night, with Bergel-Grant concluding the evening saying that both shares and property can make a valuable long term investment.
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Charity the winner at Lavender Bay Shares vs Property event

For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <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>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

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La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

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<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

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Nicola Trotman

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