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<p>A two bedroom two bathroom Mooroobool, QLD apartment has been listed by its mortgagee.</p>
<p>Located at <a href="https://www.realestate.com.au/property-unit-qld-mooroobool-129907926" target="_blank">308/22-24 Ward Street, Mooroobool</a>, the home is scheduled for auction on December 11.</p>
<p>Set on 123 sqm the home is situated in a gated complex.</p>
<p>Features of the complex include, a resort style swimming pool, an onsite gymnasium, a children's playground as well as parking for one car.</p>
<p>There are relatively low body corporate fees of $3,754 annually.</p>
<p>Last sold in 2007, the home went for $237,000.</p>
<p>The construction of the apartment was completed in 2008.</p>
<div>
<div class="tell-me-more tell-me-more--expanded">The median price for a home in <a href="/developments/mooroobool-qld-4870">Mooroobool</a> is $378,000, according to CoreLogic data.</div>
</div>
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j.ballantyne1990-6AQqhLzZaK

Two bedroom Mooroobool apartment listed by mortgagee

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<p>An expansive five bedroom two bathroom Federation style Burwood residence is now on the market.</p>
<p>Situated at <a href="https://www.realestate.com.au/property-house-nsw-burwood-129600970" target="_blank">3 Appian Way</a> this 1,676 sqm residence is stated on the listing as a "premium buying opportunity combining a spacious landholding, refined period character and powerful future potential."</p>
<p><span>Inside, the home has been preserved throughout with high ceilings as well as original fireplaces.</span></p>
<p><span> It's two-level layout features substantial formal lounge and dining areas, an equipped kitchen with bedrooms on the upper level.</span></p>
<p><img src="https://www.urban.com.au/images/2018/11/15/3%20Appian%20Way%202.JPG" alt=""><br><br><span>The home is within established grounds with private lawns, landscaped areas, and an in-ground swimming pool plus a poolside entertainment patio. </span>There is also off-street parking for multiple vehicles.</p>
<p><span>Residents of this holding will gain access to the community-owned Appian Way tennis courts and pavilion. </span></p>
<p><span>Located with access to Burwood shopping and transport hub, as well as all multiple schools schools.</span></p>
<p><span>The home last sold for $2.5 million in 2005 and is set for a December 1 auction.</span></p>
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Federation style residence in Burwood hit's the market

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<div>Behind a classical Victorian facade is a four bedroom, three bathroom Jackson Clements Burrows design located in Albert Park.</div>
<div> </div>
<div>Situated at <a href="https://www.domain.com.au/56-victoria-avenue-albert-park-vic-3206-2014783689" target="_blank">56 Victoria Avenue, Albert Park</a> the home is described as "encapsulating open plan living."</div>
<div> </div>
<div>Featuring honed blue-stone floors surrounding an open plan kitchen the home is set on two levels.</div>
<div> </div>
<div>With two street frontages and flexibility for a large home office the home also feature stackable sliding doors reveal a sunny backdrop landscaped so that the accompanying double garage function as an entertaining pavilion.</div>
<div> </div>
<div>The home also comes equipped with high ceilings, designer light fittings and great presentation further enhancing this home positioned between Bridport Street and the beach.</div>
<div> </div>
<div>Last sold in 2014 the home fetched $2,225,000.</div>
<div> </div>
<div>The holding is for sale through an expressions of interest campaign ending December 17.</div>
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Modern Albert Park home with classical Victorian facade for sale

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<p>A historic Fortitude Valley property was sold at recent auction where eight registered bidders competed for the Les Bubbles building.</p>
<p>Located at 144 Wickham Terrace bidding for the property doubled the starting bid of $800,000.</p>
<p>After 50 bids the property sold for $1.63 million to a Queensland investor.</p>
<p>The site of the once notorious Bubbles Bath-House, illegal casino and massage parlour at the centre of the Fitzgerald Inquiry is fully tenanted over two leases.</p>
<p>Both leases have five years remaining on them and the building contains the Les Bubbles restaurant, as sell as a bar in the basement level and massage therapy on the upper level.</p>
<p><img src="https://www.urban.com.au/images/2018/11/19/Bubbles%202.JPG" alt=""></p>
<p>Set on 238 sqm the property came with a net leasable area of 543 sqm over three levels.</p>
<p>The property currently has a $91,246.87 p.a. return and the yield on the holding is 5.6 per cent.</p>
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Bidding war for historic Les Bubbles building

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<p>The home of Fitness First and Repco in Rockdale has been sold for $22 million.</p>
<p>Located at 395 West Botany Street, Rockdale, the building is leased to national tenants Fitness First and Repco, with seven year and five year leases respectively.</p>
<p>The free standing, single level gymnasium and bulk goods retail facility, was sold on behalf of Australian Unity Limited.</p>
<p>Set on 1.78 acres the property has a net leasable area of 3,816 sqm as well as a parking lot fit for 123 cars.</p>
<p><img src="https://www.urban.com.au/images/2018/11/19/Rockdale%201.JPG" alt=""></p>
<p>The agents had strong investor interest due to the long WALE of 6.46 years, and national tenants, who generate a passing net income of more than $1.4 million per annum.</p>
<p>The carpark was the site of the shooting murder of former bikie boss Mahmoud "Mick" Hawi.</p>
<p> </p>
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Fitness First Rockdale building sold

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<p><span>Developer The Saade Group, who bought a 500 sqm key Albert Park site for $5.67 million planning a knock down and rebuild have found themselves blocked.</span></p>
<p><span>They planned to build seven apartments, a 100-seat restaurant, two shops and a basement car park in place of the Albert Park building (picture from application below).</span></p>
<p><span><img src="https://www.urban.com.au/images/2018/11/19/Victoria%20Ave%202.JPG" alt=""></span></p>
<p><span>The City of Port Phillip says a new report found the heritage overlay of the<span> 1 Victoria Avenue</span> building is structurally sound and ruled it cannot be demolished.</span></p>
<p><span><span>Council received more than 500 objections after it was revealed that the <span>1880s building, which was remodeled in the 1920s and 1930s, faced demolition.</span></span></span></p>
<p><span><span><span>It was previously owned by filmmaker Paul Cox.</span><br></span></span></p>
<p class="first-para"><span>Saade issued eviction notices to all its tenants despite the council having announced it will refuse an application to knock it down.</span></p>
<p><span>The move has led to fears that the owners might leave it empty to deteriorate to the point where demolition is the only option, Fairfax Media suggested.</span></p>
<p>The developer now has 60 days to lodge an appeal at the Victorian Civil and Administrative Tribunal against the council’s decision.</p>
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Developer plans for heritage building put on hold by Port Phillip City council

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<div id="story-description">
<p>Labor’s negative gearing policy was a “hand grenade” that could tip Australia into recession, mortgage broking pioneer John Symond has warned. </p>
</div>
<p>“I don’t care whether it was Liberal, Labor or the Greens, if they come out with such a radical move that could tip the economy over, I’ll be outspoken,” Mr Symond told <em>The Australian</em>.</p>
<p>“I appreciate that they say they’ll grandfather existing investors, but the unintended consequences would be astronomical.</p>
<p>“I am concerned that it would do so much damage — unemployment, higher interest rates — it could tip us into recession.”</p>
<p>Mr Symond said grandfathering negative gearing would help first-home buyers get into the market.</p>
<p>But it would “hurt the vast majority of Australians” who already own a home because established property prices would fall.</p>
<p>“Every home through every street will be impacted.</p>
<p>"You’ll have tens of thousands of people in negative equity. Bank balance sheets will be whacked and so funding costs will be higher.</p>
<p>“Banks will lend less, banks will earn less, share prices will fall and it will impact superannuation fund returns,” he said.</p>
<p>“It will be a nuclear bomb.</p>
<p>"There will be very little incentive for people to get into property.”</p>
<p> </p>
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Aussie John Symond slams Labor negative gearing housing policy

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<p>Yarunga Station and Fontainebleau, a large scale mixed cropping and grazing operation situated in the Southern Riverina Region of New South Wales is now for sale.</p>
<p>CBRE Agribusiness agents Duncan McCulloch, James Beer and Danny Thomas have been appointed to handle the sale of Yarunga Station (844 ha) and Fontainebleau (931 ha) which operate as a single enterprise.</p>
<p>They comprise approximately 1,710 ha of arable land (96%), including 60 ha of laser leveled flood irrigation and 1,650 ha of dryland cropping and grazing.</p>
<p>“Yarunga Station and Fontainebleau are outstanding properties, well developed for both broad hectare and grazing enterprises given their high arable percentage and excellent livestock handling infrastructure,” Mr McCulloch said.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/Fountain%202.jpg" alt=""></p>
<p>The aggregation is available for sale as a single holding or as two individual properties. </p>
<p>Yarunga Station and Fontainebleau feature numerous structural improvements, including two dwellings and extensive rural infrastructure such as grain shedding, bunkers, silo storage, multiple hay sheds, storage sheds, workshop, cattle yards, shearing shed and yards.</p>
<p>In addition, Yarunga Station features a 16-pen feed pad, which is utilised as part of a heifer rearing enterprise.</p>
<p>Yarunga Station and Fontainebleau are being offered for sale via expressions of interest and are expected to receive strong interest from both local farmers and corporate investors, according to the agents.</p>
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Yarunga Station and Fontainebleau are now on offer

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<p>Adelaide delivered the strongest weekend auction result of all the capital cities - and also had one of the notable sales at $5.2 million.</p>
<p>It was a seven bedroom Tennyson beachside mansion sold by the Shahin family, owners of Peregrine Corporation, one of the state's biggest petrol convenience store operators.</p>
<p>The three-storey 2010-built home at <a id="x_mcntLPlnk705040" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-sa-tennyson-123662606" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">81 Seaview Road Tennyson</a> (above and below) had been for sale on and off for four years through almost a dozen different agents, The Sunday Mail reported.</p>
<p>It's initial asking price was $5.9 million for the home with sea views from most of its 1000 sqm space.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/tenny2.jpg" alt=""></p>
<p>It was built after the 755 sqm block was bought for $1.95 million in 2009.</p>
<p>"The scope of architectural bravery invested sets a new benchmark in design and functionality," Sotheby's selling agent Grant Giordano said.</p>
<p>The Indaily website reported the home had been designed to emulate “a luxury cruise liner.”</p>
<p>Adelaide's clearance rate was 64 percent, according to CoreLogic, well ahead of the next best selling capital which was Sydney on 48.5 percent.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/11/19/CL-Nov19.jpg" target="_blank">to enlarge.</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/CL-Nov19.jpg" alt=""></p>
<p>The national national clearance rate sat at 45 percent but is expected to fall below 45 per cent for the third consecutive week.</p>
<div class="x_mcntcq-article-content-paras x_mcntsection">
<p>Last week's final auction clearance rate fell to its lowest level since 2012 at 42.7 percent.</p>
<p>Melbourne delivered a weakened result with a 43.5 per cent preliminary clearance rate from its 1400 auctions. </p>
<div>Melbourne was host to 1,411 auctions down from the 1,732 auctions this time last year.</div>
<div> </div>
<div>The top sale was <a id="x_mcntLPlnk363034" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-129567206" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">21 Kinkora Road, Hawthorn</a> (below) was $6.1 million with two bidders seeking the offering.</div>
<div> </div>
<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/hawt1.jpg" alt=""></div>
<div> </div>
<div>The six bedroom 1920s home on 1570 sqm had been listed with $5 million to $5.5 million price guidance.</div>
<div> </div>
<div>It was announced on the market at $5.7 million, but the buyers agent Mal James suggested the sale price reflected a 15 percent dip in land price on 2016/2017 results.</div>
<div> </div>
<div>AMP Capital chief economist Shane Oliver told Fairfax Media that Melbourne was "starting to look even weaker than Sydney."</div>
<div> </div>
<div>Melbourne also had the nation's cheapest sale when <a id="x_mcntLPlnk797433" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/8-177-north-road-elsternwick-vic/property-details-sold-residential-12187721/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">8/177 North Rd, Gardenvale</a> was sold for $250,000 pre-auction.</div>
<div> </div>
<div>The top floor one bedroom 1960s unit with 38 sqm space last sold in 2008 for $180,000.</div>
<div> </div>
<div>The revamped childhood home of former North Melbourne coach Denis Pagan failed to sell at weekend auction.</div>
<div>
<p id="x_mcntU6428706235541ME" class="x_mcntgolastlownoline">The auction offering at <a id="x_mcntLPlnk598448" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/140-station-street-carlton-vic/property-details-buy-residential-12182925/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">140 Station Street, Carlton</a> (below) was a new townhouse incorporated by developers into the original weatherboard home of the Pagan family.</p>
<p class="x_mcntgolastlownoline"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/CARL.jpg" alt=""></p>
<p id="x_mcntU642870623554eFI" class="x_mcntgolastlownoline">The three bidders stopped at $2.125 million.</p>
<p class="x_mcntgolastlownoline">It is now for sale at $2.2 million.</p>
</div>
<div>The Herald Sun reported Melbourne auction numbers will remain high until mid-December, with close to 1000 next weekend despite the Victorian state election.</div>
</div>
<div class="x_mcntcq-article-content-paras x_mcntsection">
<p>Sydney, with 874 auctions scheduled, returned a preliminary clearance rate of 48.5 per cent.</p>
<p>It was less active than the same week last year when 1,061 homes were taken to auction across the city. </p>
<p>"The final auction clearance rate for Sydney has been below 45 per cent for three of the past four weeks, and it’s likely that we will see that again this week as final results are collected," CoreLogic auction analyst Kevin Brogan said.</p>
<div>Last November the clearance rate across Sydney was recorded at 54.8 per cent.</div>
<div> </div>
<div>Sydney's top sale was <a id="x_mcntLPlnk569352" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-mosman-129570438" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">13 Cyprian Street, Mosman</a> (below), which sold for $4,925,000.</div>
<div> </div>
<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/mos1.jpg" alt=""></div>
<div> </div>
<div>The deceased estate was offered to the market for the first time in 57 years.</div>
<div> </div>
<div>Brisbane's clearance rate sat at the weakest on the east coast at 40 percent.</div>
<div> </div>
<div>There was $4.275 million sale at <a id="x_mcntLPlnk201837" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-qld-bardon-129601450" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">34 Satinwood Court, Bardon</a> through Ray White.</div>
<div> </div>
<div>There were five local registered bidders who sought the five-bedroom house set on 3519 sqm.</div>
<div> </div>
<div>There were 2,753 homes taken to auction across the capitals, up from 2,386 over the previous week, although much lower than the 3,390 auctions were held across the combined capital cities this time last year when there was a 60.9 success rate per cent.</div>
</div>
<p><span><span> </span></span></p>
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Adelaide star in weekend auctions

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<p>Strongbuild went into administration after an external consultant fed confidential, incomplete information about its financial affairs to Frasers. </p>
<div>
<p>The administration came after <a href="/news/frasers-property-edmondson-park-works-cancellation-triggers-strongbuild-voluntary-administration">Frasers' eleventh hour works cancellation</a> of the next stage at Edmondson Park in Sydney.</p>
<p>The cancellation meant a $10.5 million lending facility the company had arranged also fell through, Strongbuild managing director Adam Strong told Fairfax Media.</p>
<p>Strong said Frasers received confidential information from the consultant Strongbuild had engaged to assess its finances.</p>
<p>The consultant, who Mr Strong said had admitted to passing on information to Frasers, was unaware of the facility.</p>
</div>
<div>"We had this consultant doing the forensics, which was part of the process of raising equity and debt," Mr Strong told The Australian Financial Review.</div>
<div>
<p>"Unbeknown to us, he was feeding confidential information to one of our clients, Frasers."</p>
<p>Mr Strong declined to name the consultant. A Frasers spokeswoman declined to comment. Administrator Brian Silvia said he could not comment.</p>
</div>
<div class="cq-article-content-paras section">
<p>Frasers' decision to cancel work on 104 townhouses, two weeks ahead of the scheduled start, had "blindsided" Strongbuild, Strong said.</p>
<p data-gtm-vis-recent-on-screen-7770372_137="18921" data-gtm-vis-first-on-screen-7770372_137="18921" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">Strong who heads the family-owned Strongbuild said he believed Frasers terminated the second stage of its Edmondson Park project on the basis of the information it received from the client.  </p>
<div>
<p data-gtm-vis-first-on-screen-7770372_137="16916" data-gtm-vis-total-visible-time-7770372_137="1900">Mr Strong said the consultant had owned up to passing on confidential information, but Frasers had denied receiving any such information about Strongbuild.</p>
<p>Mr Strong said Strongbuild had issued legal letters to the consultant and Frasers before the company went into administration on Thursday, but since he was no longer in control of the company, he could not do more.</p>
</div>
<div class="cq-article-content-paras section">
<p>"At the moment all we can do is reserve our rights to make a claim," he said.</p>
<p> </p>
</div>
</div>
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Frasers Property fed confidential information on Strongbuild's Edmondson Park readiness

<p><a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.</p>

<p>Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.</p>

<p>Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.</p>

<p>Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.</p>

<p>"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.</p>

<p>"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."</p>

<p>[smartcode_project:default project_id=150499 project_image_fid=370898]</p>

<p>For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.</p>

<p>Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;</p>

<p>All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.</p>

<p>Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.</p>

<p>"It's a place to choose your pace and live gracefully, seaside'," Sander says.</p>

<p>[smartcode_project:default project_id=150499 project_image_fid=370900]</p>

<p>The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;</p>

<p>Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.</p>

<p>"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;</p>

<p>"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."</p>

<p>[smartcode_project:default project_id=150499 project_image_fid=370897]</p>

<p>Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;</p>

<p>Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.</p>

<p>The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;</p>

<p>"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;</p>

<p>Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.</p>

<p>[smartcode_project:default project_id=150499 project_image_fid=370899]</p>

<p>Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.</p>

<p>Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.</p>

<p>[smartcode_project_cta:default project_id=150499]</p>


Joel Robinson

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

<p>Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.</p>

<p>Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.</p>

<p>The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.</p>

<p>The challenge for investors is that suitable product is becoming harder to find.</p>

<p>For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.</p>

<p>Today, the development pipeline looks very different.</p>

<p>Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.</p>

<p>That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.</p>

<p>At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.</p>

<p>We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.</p>

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

<p data-end="1140" data-start="844">Popular Palm Beach developer Sherpa is soon to officially launch its newest local apartment development, Flourish Soleira.</p>

<p data-end="1140" data-start="844">The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.</p>

<p data-end="1140" data-start="844">&nbsp;</p>

<p data-end="1140" data-start="844">[smartcode_project:default project_id=150017 project_image_fid=370964]</p>

<p data-end="1140" data-start="844">Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.</p>

<p data-end="1140" data-start="844">True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.</p>

<h2><strong>Corallo, Palm Beach</strong></h2>

<p><strong>Priced from: $841,500</strong></p>

<p>Nearby Flourish Soleira is Changfa Group's beachfront-inspired Corallo development. They still have some one-bedroom apartments remaining, priced from $841,500.</p>

<p>The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.</p>

<p>[smartcode_project:default project_id=112194 project_image_fid=808]</p>

<p>For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.</p>

<h2><strong>Corner House, Stones Corner</strong></h2>

<h2><b>Priced from: $880,000</b></h2>

<p>One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's Corner House development in Stones Corner.</p>

<p>One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.</p>

<p>[smartcode_project:default project_id=149098 project_image_fid=330594]</p>

<p>Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.</p>

<p>The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.</p>

<p><strong>Parkdrive Apartments, Chermside</strong></p>

<p><strong>Priced from: $749,000</strong></p>

<p>The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its recently launched Parkdrive development.</p>

<p>The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.</p>

<p>[smartcode_project:default project_id=152125 project_image_fid=363782]</p>

<p>Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.</p>

<p>For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.</p>


Investors to turn to new apartments after Federal Government changes spark hunt for Queensland's best $1 million apartments

<p>A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.</p>

<p>The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.</p>

<p>[smartcode_project:default project_id=150454 project_image_fid=364156]</p>

<p>Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.</p>

<p>“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.</p>

<p>That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.</p>

<p>The absence of holiday letting within the building has also resonated strongly with purchasers.</p>

<p>“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”</p>

<p>[smartcode_project:default project_id=150454 project_image_fid=366491]</p>

<p>The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.</p>

<p>“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.</p>

<p>“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”</p>

<p>[smartcode_project:default project_id=150454 project_image_fid=366486]</p>

<p>Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.</p>

<p>Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.</p>

<p>A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.</p>

<p>The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.</p>

<p>&nbsp;</p>

<p>To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.</p>

<p>[smartcode_project_cta:default project_id=150454]</p>


Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

<p>Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.</p>

<p>The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.</p>

<p>The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.</p>

<p>[smartcode_project:default project_id=139552 project_image_fid=371009]</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.</p>

<p>The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.</p>

<p>Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.</p>

<p>[smartcode_project:default project_id=139552 project_image_fid=371016]</p>

<p>Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.</p>

<p>Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.</p>

<p>[smartcode_project:default project_id=139552 project_image_fid=371017]</p>

<p>Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.</p>

<p>The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.</p>

<p>[smartcode_project:default project_id=139552 project_image_fid=371025]</p>

<p>Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.</p>

<p>The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.</p>

<p><sup>*Conditions apply in relation to the deposit match offer.</sup></p>

<p>[smartcode_project_cta:default project_id=139552]</p>


Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

<p data-end="181" data-start="0">Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.</p>

<p data-end="484" data-start="183">From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.</p>

<p data-end="657" data-start="486">Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.</p>

<p data-end="806" data-start="659">Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.</p>

<p data-end="871" data-start="808">“We know the buyer profile exceptionally well,” Abolakian says.</p>

<p data-end="1097" data-start="873">“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”</p>

<p data-end="1169" data-start="1099">That buyer has historically been overwhelmingly owner-occupier driven.</p>

<p data-end="1434" data-start="1171">Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.</p>

<p data-end="1533" data-start="1436">“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.</p>

<p data-end="1665" data-start="1535">“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”</p>

<p data-end="1721" data-start="1667">That philosophy extends well beyond apartment layouts.</p>

<p data-end="1966" data-start="1723">From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.</p>

<p data-end="2051" data-start="1968">“There was probably a period where having an approved project in market was enough,” he says.</p>

<p data-end="2154" data-start="2053">“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”</p>

<p data-end="2386" data-start="2156">“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”</p>

<p data-end="2386" data-start="2156">[smartcode_project:default project_id=110379 project_image_fid=311393]</p>

<p data-end="2549" data-start="2388">The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.</p>

<p data-end="2678" data-start="2551">For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.</p>

<p data-end="2757" data-start="2680">“People buying now often aren’t moving in for several years,” Abolakian says.</p>

<p data-end="2949" data-start="2759">“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”</p>

<p data-end="3219" data-start="3163">That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.</p>

<p data-end="3219" data-start="3163">[smartcode_project:default project_id=149594 project_image_fid=362634]</p>

<p data-end="3454" data-start="3221">While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.</p>

<p data-end="3546" data-start="3456">“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”</p>

<p data-end="3919" data-start="3669">That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.</p>

<p data-end="4005" data-start="3921">“It’s about creating something that feels special without being excessive,” he says.</p>

<p data-end="4112" data-start="4007">“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”</p>

<p data-end="4112" data-start="4007"><img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" /></p>

<p data-end="4243" data-start="4114">The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.</p>

<p data-end="5230" data-start="5149">“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.</p>

<p data-end="5392" data-start="5232">“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”</p>

<p data-end="5674" data-start="5394">Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.</p>

<p data-end="5723" data-start="5676">“There are definitely people waiting,” he says.</p>

<p data-end="5902" data-start="5725">“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”</p>

<p style="text-align:start">Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.</p>

<p style="text-align:start">Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.</p>


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