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Investment in public infrastructure in Queensland is being held back by onerous government processes, costs and time, according to a new report.
The Infrastructure Association of Queensland’s report found that investors and developers are attracted to the state’s strong fundamentals, legal frameworks and regulatory environment.
The state’s successful track record of infrastructure projects was another drawcard.
But while 88% of investors said they were ‘highly likely’ or ‘likely’ to invest in Queensland, 93% cited political instability as a barrier to private sector investment.
The report looked at small, medium and large companies involved in Australian infrastructure, including infrastructure owners, fund managers, sovereign wealth funds, banks and consultancies. 
Each respondent said they were already investing in Queensland infrastructure and one third had at least 50% of their investment net worth in Queensland.
Almost a third of participants held global investment portfolios valued at $10 billion or more.
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Source: IAQ
“Infrastructure is a strategic sector for Queensland and its political leaders. As astute investors continue to scan the world for value, we require a regulatory and investment regime that is able to outlive short term government cycles or a political majority,” said IAQ Chief Executive Officer Steve Abson.
“If Queensland wants to be Australia’s most innovative and dynamic trading economy – a magnet for global investment – it’s clear from this research that more efficient government processes should be introduced and a ‘go get em’ attitude must prevail.
“Overwhelmingly, the research found that the private sector wants to play a greater role in providing Queenslanders with critical infrastructure.
“A frequent misconception is that the private sector must receive financial support from the tax-payer in the form of grants, tax relief and guarantees. If people are better informed of how mixed funding sources can deliver infrastructure quicker and without the public debt burden, Queenslanders will embrace it.”
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j.ballantyne1990-6AQqhLzZaK

Political instability the main barrier to investment in Queensland public infrastructure

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A shortage in critical trade skills in NSW is attracting migrants from across the state borders, says a new report.
According to the latest Q 3 2018 Property Market Insight report from Turner &amp; Townsend, major construction activity in commercial, hotel and infrastructure sectors is reating opportunities for Queensland tradies.
The report says that skills at capacity or critical levels in Sydney include fit-out (carpet, painting, partitioning and joinery), services (mechanical, electrical and fire), façade (glazing and balustrades and structures (form work, concrete, and pre-cast concrete).
The report also outlines that while wages are rising in Sydney, they are drifting in Queensland.
In Sydney, form worker salaries have increased by 4%, precast concreters 3%, site foreman 16% and reinforcement 14%.
Meanwhile, in Queensland site foreman recorded a minus 4%, precast concrete and curtain wall glazing façade workers was down 3%, while reinforcement was up by 14% and form work 4%.
 <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/2018/10/22/nsw.jpg" alt="" style="font-size: 12.16px;">
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Source: Q3 2018 Property Market Insight report  
Simon Kearney, Director at Turner &amp; Townsend said the report told a tale of two cities.
“The two cities are working at different paces which has opened up opportunities for Queensland tradies in the New South Wales market. Sydney remains the largest construction sector with $62 billion spent in the last financial year across building and engineering, reaching record levels,” he said.
“Construction work in all major sectors including commercial, infrastructure and hotels is at elevated or record levels which is providing strong job prospects for contractors and increased tender return prices in Sydney.”
“Prime office vacancy rates in Sydney are hovering around four percent indicating a tight market and creating ideal conditions for construction. White collar job growth is rising significantly on the back of a boom in financial services, real estate, engineering and tourism. Short term tourist arrivals of 3.4 million during 2017 – 2018 comprised 38% of the nation’s total, is driving growth in the construction of Sydney’s inner-city hotels.
“In addition, engineering construction in Sydney recorded over $23 billion in activity during the 2018 financial year. Most of the activity was road and rail which is expected to grow by another $1 billon to peak at approximately $12 billion during 2019/2020.”
“Despite all this growth, residential construction is now starting to slow. Housing prices have fallen by as much as eight% in 2018. The slowdown in residential construction is likely to take the heat out of trade labour costs, even if material prices are increasing strongly as a direct result of road and rail projects,” he continued.
“In comparison, Brisbane’s CBD commercial vacancy rates have blown out to 14% primary and 22% in secondary markets since the mining boom ended, negatively affecting commercial construction. Nevertheless, new commercial towers at 300 George Street, 360 Queen Street and a major refurbishment at 80 Ann Street are imminent,” he continued.
“Queens Wharf is emblematic of the changing face of Queensland construction with new projects catering for the tourism market rather than business. When construction starts in this area, demand for trades will increase significantly and will push construction costs up.”
“In the near future several infrastructure projects including Cross River Rail, Brisbane Metro Rail, the Queensland section of the Inland Rail project and the completion of the Kingsford Smith upgrade will spur activity in the state. These projects have the potential to draw Queensland tradies back home which will put more pressure on an already heated New South Wales labour market.”
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Sydney construction skill shortage attracting Queensland tradies

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Amazon's Australian headquarters will be on Market Street in the Sydney CBD.
As the technology giant steps up its expansion, Amazon already occupied office space at 2 Park Street.
The Australian Financial Review says it is now set to occupy 2 Market Street.
Allianz is leaving the building after it sold its half-stake in the tower to Charter Hall.
Allianz occupies more than 18,000 square metres in the building's total of nearly 40,000 square metres in office space.
The second largest tenant is Caltex with 9,000 sq m. The Commonwealth Bank of Australia will be vacating in 2021.
Amazon's distribution centres started in Melbourne's Dandenong South, securing a 24,387 square metre former Bunnings distribution centre from Melbourne's Pellicano family.
The online retailer will open its second distribution centre in Sydney's south-west after leasing a 43,000 square metre facility at Moorebank from Goodman Group.
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Amazon's new Australian headquarters location revealed 

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The Bendigo Bank building in Albury has been sold to a Sydney investor for $2.9 million.
The three-level property was sought by 10 bidders.
It sold for $600,000 over the reserve, reflecting a yield of 4.8%.
Other recent bank sales saw the Commonwealth Bank building in Shepparton sell for $3.6 million and Gympie’s Bank of Queensland property fetch $825,000.
The Mona Vale ANZ premises (pictured above) sold after its recent auction for $5.7 million on a 4.57% yield. 
There had been significant interest on the property with 84 enquiries and 15 contracts issued by Burgess Rawson.
A local Sydney Northern Beaches private investor was its buyer. 
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Commercial property investors banking on bank tenancies

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A new property tech platform will allow prospective home buyers to connect with home owners who are willing to entertain offers.
It is being set up by ROKT co-founder Ben Voltz and former commodities banker William Evans (pictured below), who suggest the website allows prospective vendors to dip their toe in the market and see what buyer interest exists.
<img src="https://www.urban.com.au/images/2018/10/31/Nokk%20Founders.JPG" alt="">
The platform, known as NOKK, facilitates a digital doorknock, or letterbox drop, that lets buyers target homes in a specified location, where the owners have indicated they would consider selling, but have not engaged a real estate agent.
The Australian Financial Review reports it will rival another local start-up, Soho, which was founded by Airtasker co-founder Jonathan Lui as a "LinkedIn for property".
NOKK will focus on facilitating connections between buyers and owners in the off-market market.
Voltz said the idea for NOKK came after he moved to Melbourne three years ago.
"I was looking for a house in Albert Park, but there were only 15 properties on the market," he said. 
"I ran 300 letterbox drops and had 18 responses, so that was more than the number of people on market that were willing to have a conversation with me.
"Will and I were boxing at the time and we kept stewing on this idea of how we could build this into a platform."
The pair began building NOKK 18 months ago, investing their own money and raising $1 million in capital from high-net-worth investors.
They include Cadmon Ventures managing director Cameron Low.
NOKK has quickly signed up 7000 users, predominantly from Melbourne, with almost 3000 property listings.
The home owner does not need to post their address, with a radius shown within the selected suburb.
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Off market property listing platform NOKK launched

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The two penthouse apartments reigned supreme with the highest price per square meterage in the competition, however it was netball duo Bianca and Carla who scored the best.
Their $15,207.45 price per square metre, which generally doesn't include outdoor space, was secured by The Agency's Michael Paproth and Peter Kakos.
Both of the penthouse apartments were <a href="/news/melbourne-construction-digital-entrepreneur-rob-phillpot-scores-both-block-gatwick-penthouses">bought by digital construction entrepreneur</a> Rob Phillpot.
There was an even bigger difference when including the terrace in the price per sqm calculations. <a href="https://www.domain.com.au/5-34-fitzroy-street-st-kilda-vic-3182-2014552057" target="_blank">Bianca and Carla's apartment</a> cost nearly $1,000 per sqm more than second place and The Block winners Hayden and Sara.
<a href="https://www.propertyobserver.com.au/images/2018/10/30/per-sqm.jpg" target="_blank">Click here</a> to enlarge:
<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/2018/10/30/per-sqm.jpg" alt="">
Hayden and Sara, to everyone's surprise, <a href="/news/mcgrath-secures-surprise-block-gatwick-top-price">won the competition when their unit sold for $3.02 million,</a> the only apartment to clear the $3 million mark despite the penthouses being priced much higher.
The New South Wales couple took home $645,000 including the season 14 prize money.
 
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The Agency secure top Gatwick price per sqm

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Penthouses in the new Cirrus development in Canberra’s Belconnen have sold out.
There will be eight penthouses at the 167 Emu Bank project and they will range from 200 to 300 square metres.
The project is expected to be completed in mid-2020.
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Colliers International Project Marketing Executive, Grace Wang said that the penthouses benefited from north facing views, outdoor terraces, spa-like bathrooms and a town centre location.
 “It has been painstakingly designed so every apartment faces north, which in our city is the perfect orientation for sunlight and warmth, and looks out toward Lake Ginninderra,” Wang said.
“Each apartment has been designed with attention to detail, such as custom joinery, and share beautiful public spaces inspired by resort amenities including a pool and gym floor and grand entrance lobbies.
“The quality and thought that has gone into the Cirrus penthouses reflects that of the whole development.
“They have expansive outdoor spaces flowing from the living areas where views of the lake and lush surrounds can be enjoyed, at least three bathrooms and bedrooms, and floor to ceiling windows, all perched atop one of Belconnen’s tallest residential buildings.”
Colliers International Project Marketing Executive, Richard Moses said the project has attracted downsizers from nearby suburbs as well as couples and families.
“Proximity to Emu Bank, lake walking paths, and the popular Belconnen Shopping Centre as well as the fact residents won’t even have to leave the building to access fine restaurants and commercial spaces on the ground floor, all make Cirrus a development to be excited about,” Moses said.
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Penthouses at Cirrus in Canberra's Belconnen sell out

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Two property investor bodies have attacked the federal Labour party's proposed changes to negative gearing and capital gains tax, claiming it will "will decimate the property market".
Independent research commissioned by Masters Builders Australia found Labor’s policies could result in a multi-billion dollar hit to the Sydney and Melbourne markets.
The Property Investment Professionals of Australia (PIPA) and the Property Investors Council of Australia (PICA) said the party has a fundamental misunderstanding of the sector.
“Property investors provide housing for 30% of Australians at a time when spending on social housing is at an all-time low,” PIPA Chairman Peter Koulizos said.
“Contrary to media headlines, only about 70% of investors own one property so the concept of ‘greedy investors’ is not supported by the facts.”
The 2018 PIPA Property Investment Sentiment Survey found about 60% of investors believe their portfolio will be positively geared within the next five years.
Koulizos said that this shows that negative gearing is primarily a result of high transactional costs associated with real estate investment, rather than a strategy. 
In the survey, 6% of investors said they were interested in buying a new property.
This means restricting negative gearing to brand-new dwellings would not increase supply, Koulizos claims.
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Labour's negative gearing and capital gains policies will "decimate the property market": PIPA/PICA

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GUEST OBSERVATION
Car sharing arrived on the Australian scene in the early 2000s. These are commercial services that give people access to vehicles they can rent by the hour.
Services in Australia currently include GoGet and Car Next Door. While GoGet has a fleet of vehicles available for rent, Car Next Door supports private vehicle owners renting out their cars to others in the community (kind of like Airbnb).
Car sharing is now an established transport option in most major Australian cities, but it’s faced its fair share of teething problems. Some of these are unique to Australia, with its powerful system of private car dependency. We’re now on track to overcome many of these issues, but more work is required to really make Australian car sharing a success.
Why is car sharing important?
Car sharing is key component of any transition away from a dependence on private cars. Most of us are now aware that using private cars is one of the most carbon intensive and least healthy ways to get around.
To challenge the place of the private car, we need to supply a network of options. The hope is that owning a car will one day become unnecessary in an integrated system of public and active transport options, where shared cars would play a role in more complex or load-carrying trips.
Car sharing is particularly important in a world on the cusp of the arrival of autonomous vehicles (AVs). AVs could herald either “carmageddons” of congestion, where private autonomous vehicles roam the city at the whim of their owners, or a more palatable system, where on-demand AV services seamlessly match trips to riders. Which version of the future we get depends on whether AVs are shared or privately owned.
Here are some key factors that will shape future success of car sharing in Australia.
1. Car sharing is an inner city thing
Heading the list of barriers to increased uptake of car sharing is that it’s currently a service that is generally contained within the inner urban core of our cities.
Commercial options – where companies maintain their own fleet of vehicles – rely on a critical mass of people, the allocation of prized on-street car parking, and a viable public transport system to satisfy the day-to-day mobility needs of their members. These things generally don’t exist outside of the inner city, so neither does commercial car sharing.
Peer-to-peer (P2P) options – where the carsharing company facilitates the sharing process between individuals – offer some hope of a breakthrough in this space. P2P car sharing is more likely to succeed in lower density areas because it does not need the critical mass of users, nor the gift of on-street car parking.
While the slow creep of P2P services into the suburbs is a process bound by the notorious sluggishness of cultural adjustment, we are witnessing some increased suburbanisation of car sharing as a result of P2P services.
2. Australians don’t share
The need for cultural adjustment raises a second key barrier to car sharing in Australia. Anyone living through the recent bike sharing fiasco in Sydney or Melbourne, where bikes were dumped in parks and rivers, will attest to the fact that (some) Australians are not great at respecting property that is shared. In fact, there are indices of national culture that could have easily predicted the vandalism associated with this catastrophe.
And when it comes to our cars, we are a nation particularly attached to the independence, autonomy and privacy of our own vehicle. Sharing – whether it be lending your own car to a stranger, or making use of a car regularly driven by others – challenges these notions.
But parts of our cities are slowly but surely adapting to living in closer proximity to one another – albeit by necessity, not by choice. And as a nation, we are becoming less attached to owning the spaces and objects we depend upon.
This shift away from personal space and private ownership can primarily be seen in changes to residential densities and tenure-types. But it’s also seen in the way we work, play and eat. Think of the rise of hot-desking, the shift from private backyards to public parks, and the move from the family table to the café.
3. It’s all too hard
At first, car sharing wasn’t easy. Car sharing parking spaces were few and far between, insurance arrangements were somewhat obtuse, and the platform for sharing enforced rigid time frames and payment structures.
The pioneers of car sharing in Australia – both the business entrepreneurs and the policy makers – have had to navigate some pretty tricky regulatory, legislative and technological territory.
Commercial operations have negotiated with local government for parking space, and P2P ventures have had to work through complex registration and insurance regulations that vary from state to state. Both approaches have had to design and implement technology that allows cars to be booked and accessed seamlessly.
Fortunately, for those doing the sharing, a lot of these barriers have now been broken down. Most metropolitan local councils now maintain a policy for the allocation of car sharing parking spaces. Insurance cover for P2P sharing is now a standard option.
The future of car sharing
There are changes on the horizon all designed to make the concept of sharing even easier. One of the most interesting is the imminent arrival of “share ready” cars on the Australian market.
Designed primarily for the P2P market, these are cars that come with an app, which connects owners’ vehicles to their phones, enabling them to list their car for rent on car sharing websites. The sharer will then be able to access and drive the vehicle using their smart phone, entirely negating the need for traditional keys.
Involvement of the auto-industry is always an interesting development in car sharing. It has been proven empirically that people who use car sharing services drive less and own less cars. This implies less business for car manufacturers. Does this mean the car industry is accepting fissures in the dominance of private cars and protecting whatever share of the transport market it can? Or is it another way of keeping cars king in our cities?
Only time will tell. For the time being, car sharing’s survival is one positive sign that a sustainable transport future is possible.<img src="https://counter.theconversation.com/content/104389/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Jennifer Kent, Research Fellow, University of Sydney
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/why-car-sharing-had-a-slow-start-in-australia-and-how-thats-changing-104389" target="_blank">original article</a>.
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Why car sharing had a slow start in Australia - and how that’s changing: Jennifer Kent

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An Arncliffe development site currently home to an original semi-detached house, has sold for $1,028,500.
The property located at <a href="https://www.realestate.com.au/property/57-bonar-st-arncliffe-nsw-2205" target="_blank">57 Bonar Street</a> near public transport links sold through Michael Pyliotis and Enzo Puopolo of Raine &amp; Horne Kogarah.
An original brick semi, the home is noted in the listing as having future redevelopment potential STCA. It is zoned R4 - High Density Residential.
<img src="https://www.urban.com.au/images/2018/10/29/Kogarah.JPG" alt="">
Set on 310 sqm the two bedroom one bathroom holding is located near schools, local shops and with easy access to airport and Sydney CBD.
The home last traded for 1990 when it sold for $130,000. It still features the original kitchen and bathroom.
 
 
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Arncliffe semi with development potential sold

<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.

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.

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.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"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.

"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."

[smartcode_project:default project_id=150499 project_image_fid=370898]

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.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

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.

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.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

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;

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.

"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;

"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."

[smartcode_project:default project_id=150499 project_image_fid=370897]

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;

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.

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;

"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;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

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.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

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Joel Robinson

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

Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

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.

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.

The challenge for investors is that suitable product is becoming harder to find.

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.

Today, the development pipeline looks very different.

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.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

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.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer Sherpa is soon to officially launch its newest local apartment development, Flourish Soleira.

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.

&nbsp;

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

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.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired Corallo development. They still have some one-bedroom apartments remaining, priced from $841,500.

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.

[smartcode_project:default project_id=112194 project_image_fid=808]

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.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

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.

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.

[smartcode_project:default project_id=149098 project_image_fid=330594]

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.

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.

Parkdrive Apartments, Chermside

Priced from: $749,000

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.

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.

[smartcode_project:default project_id=152125 project_image_fid=363782]

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.

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.

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

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.

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.

[smartcode_project:default project_id=150454 project_image_fid=364156]

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.

“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.

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.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“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.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“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.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

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.

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.

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.

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.

&nbsp;

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.

[smartcode_project_cta:default project_id=150454]

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

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.

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.

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.

[smartcode_project:default project_id=139552 project_image_fid=371009]

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.

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.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

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.

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.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

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.

[smartcode_project:default project_id=139552 project_image_fid=371025]

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.

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.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

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

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.

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.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

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.

“We know the buyer profile exceptionally well,” Abolakian says.

“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.”

That buyer has historically been overwhelmingly owner-occupier driven.

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.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

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.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“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.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“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.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

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.

“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.”

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.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<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" />

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.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“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.”

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.

“There are definitely people waiting,” he says.

“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.”

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.

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.

Staff reporter

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