Sydney’s harbourside suburbs have undergone rapid regeneration over the past five years

New developments are lining the harbour and the surrounding streets.

Pyrmont, one of Sydney’s most central harbourside suburbs, has been somewhat left behind in the new apartment development scene.

The suburb—just a bridge and waterway away from Darling Harbour and the heart of the Sydney CBD—hasn’t seen a new apartment development since the completion of Paragon of Pyrmont in 2021. That project primarily featured three- and four-bedroom apartments and luxury terraces.

<h2 data-end="896" data-start="862">Apartment Demand Remains Strong</h2>

Given that over 90 per cent of Pyrmont residents live in apartments, there’s a clear appetite for apartment living in the area.

A key reason for the lack of new development has been land scarcity. Pyrmont is a relatively small suburb compared to others along the harbour’s edge, leaving developers with few opportunities.

<h2 data-end="1255" data-start="1222">A Rare Development Opportunity</h2>

So when the chance to secure a large site in Pyrmont arose, developer Landream—known for Opera Residences at Circular Quay—acted quickly.

They acquired a 1.2-hectare block on Wattle Street from the City of Sydney in 2019, the same year the NSW Government announced the new $750 million Sydney Fish Market, just 300 metres from the development site.

After several years of planning to ensure the right fit for the prime site, Landream has now unveiled <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a>: five buildings with 267 apartments, a swimming pool, a state-of-the-art gym, a commercial office tower, childcare facilities, and recreational centres.

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<h2 data-end="1929" data-start="1880">Perfectly Positioned on the Edge of the Action</h2>

While located next to the landmark Fish Market, Pyrmont Place sits on the very western edge of Pyrmont, bordering Ultimo—home of Broadway Shopping Centre—and Glebe, one of Sydney’s liveliest inner-west hubs for dining.

Pyrmont has a Walk Score of 92. (Suburbs scoring between 70 and 89 are considered “very walkable.”)

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<h2 data-end="2298" data-start="2252">Sydney’s Next Landmark: The New Fish Market</h2>

The closest major attraction is the new Fish Market, set to open sometime this year. It has been described as the most significant waterfront building in Sydney since the Opera House and will include a Southeast Asian diner by Luke Nguyen, along with a range of restaurants, retail outlets, seafood vendors, delis, wine merchants, and bakeries.

Wentworth Park, a multipurpose green space with sports fields and the Wentworth Park Greyhound Track, sits just across the road—ensuring unobstructed views due to the lack of developable space.

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<h2 data-end="2877" data-start="2841">A Connected Harbourside Lifestyle</h2>

A new Blackwattle Bay promenade will create a 15-kilometre continuous foreshore walk connecting Rozelle Bay to Woolloomooloo. Meanwhile, Pirrama Park, located toward the northern end of Pyrmont and just a 15-minute walk away, offers BBQ facilities, playgrounds, and views of the Sydney Harbour Bridge.

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Pyrmont’s well-established and popular dining scene includes renowned venues such as Sokyo, BLACK Bar &amp; Grill, and LuMi Dining—all within walking distance of Pyrmont Place and The Star casino, which sits on the edge of Darling Harbour and offers even more dining options.

<h2 data-end="3486" data-start="3455">Walk, Ride, or Ride the Rails</h2>

Those commuting from Pyrmont Place can enjoy a manageable 20-minute walk across Pyrmont Bridge into the CBD. The area is also bicycle-friendly, including the bridge itself.

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Pyrmont features its own light rail stop, connecting to Central Station and Dulwich Hill in the inner west. By 2030, it will also be connected to the expanded Sydney Metro line via a new station between Pyrmont Bridge Road and Union Street.

<h2 data-end="3934" data-start="3904">A One-of-a-Kind Opportunity</h2>

Given the scarcity of land in and around Pyrmont, Pyrmont Place is a rare offering that may not be replicated for many years to come.

Construction is expected to start later this year, with a stage completion in 2028.

[smartcode_project_cta:default project_id=138909]

Given the scarcity of land in and around Pyrmont, Pyrmont Place is a rare offering that may not be replicated for many years to come

Joel Robinson

Pyrmont Place to fill gap in harbourside suburb apartment supply

The Gold Coast’s beachfront is on track to become the most connected coastal strip in the country.

The existing light rail system, known locally as the G:LINK, currently runs from Helensvale in the north down to Broadbeach South.

Stage three of the G:LINK will soon extend the line further south to Burleigh Heads, while stage four is set to continue the route all the way to Coolangatta and the Gold Coast Airport—a level of beachfront connectivity that even Sydney’s Eastern Suburbs can’t match.

As a result, suburbs like Burleigh Heads, Palm Beach, and Bilinga are expected to become even more desirable than they already are, with improved public transport further boosting their appeal to both buyers and investors.

In this article, we’ve rounded up some of the most exciting new developments across the southern Gold Coast that will directly benefit from the upcoming G:LINK extensions.

<h2>What: ONE Burleigh Heads</h2>

<h3>Where: 88 The Esplanade, Burleigh Heads QLD 4220</h3>

<h3>Who: MAYD Group</h3>

MAYD Group's ultra-luxury ONE Burleigh development will be the closest to a new light rail stop when it is delivered.

Construction recently commenced on ONE Burleigh, which will be a stone's throw from the Second Avenue stop. It will comprise 16 full-floor apartments when it is completed in summer 2026.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The development will also feature a spa, hot and cold plunge pools, sauna, steam room, and a grand lobby lounge.

Construction <a href="/news/qld/mayd-kicks-off-construction-of-ultra-luxury-one-burleigh-apartment-development-in-burleigh-heads?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=PROOF_CAMPAIGN_NAME&amp;csl=8d714fbbbefa50853681a54fae4f9af940f2dddf&amp;iterableEndUserId=8d714fbbbefa50853681a54fae4f9af940f2dddf&amp;iterableEmailCampaignId=-12345">is being undertaken</a> by MAYD in partnership with Formplus.

<h2>What: Burly Residences</h2>

<h3>Where: 264-268 The Esplanade, Burleigh Heads QLD 4220</h3>

<h3>Who: DD Living​</h3>

One kilometre north of ONE Burleigh is DD Living's <a href="/new-apartments/burly-residences-north-burleigh-264-268-the-esplanade-burleigh-heads">Burly Residences</a>, which will be just 300m from the Christine Avenue stop, the stop before Second Avenue.

[smartcode_project:default project_id=134791 project_image_fid=328216]

The 25-level beachfront development offers just over 100 luxury apartments and two full levels of facilities including several swimming pools, a gym with Peloton room, steam room, sauna, yoga and Pilates lounge, a private cinema, barbecue area, casual and formal dining, kitchen, teppanyaki bar, private office, executive lounge and a bar.

Legendary Japanese architect&nbsp;<a href="/architects/koichi-takada-architects" target="">Koichi Takada</a>&nbsp;designed Burly Residences, and the interiors were handled by the equally regarded interior practice, MIM Design, led by design doyenne Miriam Fanning.

[smartcode_project:default project_id=134791 project_image_fid=328218]

Construction firm Gowdie Management Group has started the build phase of the $535 million apartment development on a prime beachfront site at The Esplanade.

<h2>What: Villea Palm Beach</h2>

<h3>Where: 26 Mawarra Street, Palm Beach QLD 4221​</h3>

<h3>Who: Abadeen Group​</h3>

<a href="/developers/abadeen-group">Abadeen</a>'s debut Gold Coast apartment development, Villea, due for completion later this year, will be 650 metres from the proposed Nineteenth Avenue light rail stop at the northern end of Palm Beach.

[smartcode_project:default project_id=106840 project_image_fid=336452]

Villea offers 69 two and three-bedroom north-facing apartments with views over Palm Beach and back to the hinterland.

<a href="/new-apartments/villea-palm-beach-26-mawarra-street-palm-beach-qld-4221">Villea</a> features resort-style amenities, including a pool, gym, and outdoor BBQ area, all within a short stroll to Palm Beach's pristine shoreline.

[smartcode_project:default project_id=106840 project_image_fid=336442]

The ground-floor precinct features a carefully curated selection of boutique retail spaces, great for grabbing a coffee or picking up local products.

Read more:&nbsp;<a href="/news/qld/abadeen-finds-untapped-palm-beach-pocket-for-debut-gold-coast-apartment-development-villea">Abadeen finds untapped Palm Beach pocket for debut Gold Coast apartment development, Villea</a>

<h2>What: Pescado</h2>

<h3>Where: 228–230 Jefferson Lane, Palm Beach QLD 4221</h3>

<h3>Who: YLB Property Developments​</h3>

<a href="/new-apartments/pescado-palm-beach-228-230-jefferson-lane-palm-beach-qld-4221">Pescado</a>, one of the most popular developments on the Gold Coast right now because of its DJ developer DJ Fisher, will be 500m from the proposed Elevent Avenue light rail stop when the extension completes.

[smartcode_project:default project_id=149651 project_image_fid=342045]

The $50 million development, on the dress circle Jefferson Lane, is being developed by the Fishers' new development company, <a href="/developers/ylb-property-developments">YLB Property Developments</a>, and will home just seven ultra-luxury apartments designed by the Fishers and <a href="/architects/bda-architecture">BDA Architecture</a>.

The Fishers, who intend to retain the two-level penthouse, have already appointed Gold Coast construction company <a href="/builders/hnkn">HNKN</a> to build Pescado.

[smartcode_project:default project_id=149651 project_image_fid=342040]

Designed with an emphasis on wellness, functionality, and meaningful social spaces, Pescado features a resort-style pool, gym, cold plunge, BBQ, and dining areas, encouraging a balanced lifestyle.

Read more:&nbsp;<a href="/news/qld/dj-fisher-launches-pescado-luxury-palm-beach-apartment-development">DJ Fisher launches Pescado, luxury Palm Beach apartment development</a>

<h2>What: Pipis Bilinga</h2>

<h3>Where: 303 Golden Four Drive, Bilinga QLD 4225</h3>

<h3>Who: Siera Property Group​</h3>

<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> is the only off the plan apartment development currently in market in <a href="/developments/bilinga-qld-4225">Bilinga</a>.

[smartcode_project:default project_id=138311 project_image_fid=264299]

The soon-to-be-completed building with 19 luxury apartments will be 500 metres&nbsp;from the proposed Boyd Street light rail stop.

Residents of PIPIS will have access to a range of private ground-floor amenities, including a 15-metre heated lap pool with a sun lounge deck, a fully equipped gym with rowing, biking, and reformer Pilates facilities, a dog wash station, an outdoor rain-head shower, and direct beachfront access.

[smartcode_project:default project_id=138311 project_image_fid=341453]

Developer <a href="/developers/siera">SIERA</a> has been working toward the completion of the luxury 11-level Golden Four Drive development. They are anticipating welcoming residents in mid-2025.

They recently released the penthouses atop Pipis, some of the best ever produced in Bilinga.

Read more:&nbsp;<a href="/news/qld/pipis-penthouses-turn-heads-in-bilinga">PIPIS penthouses turn heads in Bilinga</a>

With the G:LINK light rail set to extend all the way to the Gold Coast Airport, suburbs like Burleigh Heads, Palm Beach, and Bilinga are becoming some of the most connected—and desirable—beachfront locations in the country

The Southern Gold Coast is about to boom — here's why

Sorrento has long been one of Perth’s most sought-after coastal suburbs. This northern beachside location offers pristine shores, a vibrant marina lifestyle, and access to essential amenities—all just a 20-minute drive from the city.

The stretch of coastline from Hillarys to Marmion has remained a tightly held pocket, with few new developments brought to market in recent years. Seizing a once-in-a-generation opportunity was respected developer Megara, who secured a prime 5,777 sqm site fronting West Coast Drive—the closest street to the Sorrento sands—back in 2018.

Read more:&nbsp;<a href="/news/wa/the-unrepeatable-nature-of-ora-sorrento-apartments">The unrepeatable nature of Ora Sorrento apartments</a>

[smartcode_project:default project_id=136169 project_image_fid=213846]

Since then, Megara has been refining its vision in consultation with the Western Australian Department of Planning, aiming to sensitively introduce a new apartment development alongside an extensive retail precinct—much-needed in a location where housing stock has been limited.

The new development, <a href="/new-apartments/ora-sorrento-128-136-west-coast-drive-sorrento">Ora Sorrento</a>, will deliver 73 two-, three-, and four-bedroom apartments, redefining beachside living in the area. Alongside its premium design, one of the strongest drawcards for buyers has been Ora’s exceptional location. While West Coast Drive runs for six kilometres—from Trigg in the south to Hillarys in the north—Ora is positioned in arguably one of the most desirable spots along the entire stretch.

[smartcode_project:default project_id=136169 project_image_fid=213851]

With an expansive frontage to West Coast Drive, many of the apartments offer uninterrupted, never-to-be-built-out views of the Indian Ocean. To the east, residences overlook the neighbouring Geneff Park, a 14-hectare green space featuring shaded lawns, walking paths, and a marine-themed playground designed to cater to toddlers through to older children.

Ora is located directly on Marmion Beach, just before it transitions into Sorrento Beach. The marina precinct, one of Perth’s most iconic lifestyle destinations, features restaurants such as The Breakwater and Ishka, boutique retail shopping, and the Rottnest Island ferry terminal. The marina also offers Ora Sorrento owners the convenience of docking their private boats just a short walk away.

[smartcode_project:default project_id=136169 project_image_fid=213849]

Beyond the coastline, Sorrento delivers everything needed for day-to-day living. The trendy Flora Terrace, with boutiques and cafes, is just a five-minute drive, while larger shopping and lifestyle hubs, including Westfield Whitford City and Karrinyup, are just 10 minutes away and cater to fashion, entertainment, and everyday essentials.

In addition to the outstanding local amenity, a cafe/restaurants is planned for the ground level, as well as a full suite of private resident facilities on the podium level at Ora. These include a heated ocean-view pool with cabanas, a gym with a sauna, a residents’ lounge, and even a wine cellar, all located on an exclusive residents’ deck. Plus, residents can also enjoy a game of bocce or practice their putting in the private landscaped courtyard area.&nbsp;

Construction on Ora is now underway with PACT Construction and is scheduled for completion in late 2026.

[smartcode_project_cta:default project_id=136169]

In addition to the outstanding local amenity, a cafe/restaurants is planned for the ground level, as well as a full suite of private resident facilities on the podium level at Ora.

Beach one side, park the other: The unrivalled location of Ora Sorrento

The small Gold Coast suburb of <a href="/developments/palm-beach-qld-4221">Palm Beach</a> has been one of Australia’s most in-demand locations for new apartments since 2020. Much of the suburb’s development has taken place— and continues to take place—along the Gold Coast Highway and just off the beachfront, where apartments are now achieving prices that would have seemed unthinkable just five years ago.

When Sydney-based developer <a href="/developers/abadeen-group">Abadeen</a>&nbsp;decided to introduce its luxury brand to the Gold Coast, it took a different approach. The group secured an amalgamated site on Mawarra Street, toward the northern end of Palm Beach and on the western side of the Gold Coast Highway. While not directly on the sand, the site is just 400 metres from the beach, allowing Abadeen to offer a broader mix of apartment configurations and price points—something rarely seen in a market where new apartments often start from $3 million.

[smartcode_project:default project_id=106840 project_image_fid=336441]

<a href="/new-apartments/villea-palm-beach">Villea</a>, Abadeen’s debut Gold Coast project, comprises just 69 two and three-bedroom apartments, priced from $995,000 to $2,715,000. Residents will enjoy the laid-back Palm Beach lifestyle—without the beachfront premium.

Now well advanced in construction and on track for completion before Christmas, Villea is located less than 400 metres from Palm Beach’s northern sands. Its position also places residents just a 10-minute walk from Tallebudgera Creek, the natural waterway dividing Palm Beach from Burleigh Heads.

[smartcode_project:default project_id=106840 project_image_fid=336449]

Affectionately known by locals as Tally Creek, this lifeguard-patrolled inlet is one of the Gold Coast’s most beloved family-friendly beaches. The calm, bay-like waters are ideal for swimming and paddleboarding, and there’s even a section of the sand designated as an off-leash dog area.

Just 600 metres from Villea is Canvas Palm Beach, one of the Gold Coast’s most popular cafés. Doubling as a boutique homewares store, Canvas serves breakfast, lunch, and drinks until 3pm daily.

While Palm Beach’s wider lifestyle offerings are a major drawcard, Abadeen has also prioritised on-site convenience. Villea will feature a ground-floor retail precinct, including a café and several yet-to-be-announced boutique retail tenancies, delivering everyday amenity right at residents’ doorstep.

[smartcode_project:default project_id=106840 project_image_fid=336445]

Connectivity will soon be another key advantage. The proposed Nineteenth Avenue light rail stop—part of the $4.4 billion G:Link extension—will be located just 650 metres from Villea’s entrance. Once complete, it will provide direct links south to Coolangatta and north through Broadbeach and Surfers Paradise, all the way to Helensvale.

Families are also showing strong interest in the project, thanks in part to Villea’s close proximity to Palm Beach State School, located just 300 metres away, as well as the large floorplans that range in size up to 163 sqm.

[smartcode_project:default project_id=106840 project_image_fid=336442]

Villea will also feature several resident-only facilities, from a resort-style swimming pool to a fully-equipped gym.

Builder Emicon is soon to top out the eight-level structure which was designed by local architecture firm BDA.

[smartcode_project_cta:default project_id=106840]

Abadeen finds untapped Palm Beach pocket for debut Gold Coast apartment development, Villea

Seldom does an apartment development offer its residents both parkside living while also being within meters of significant transport connections and retail opportunities.

<a href="/buildings/irving-domain-box-hill-21-23-irving-avenue-box-hill-vic-3128">Irving Domain</a>, the newest apartment development in <a href="/developments/box-hill-vic-3128">Box Hill</a>, offers all three in abundance.

The new development on Irving Avenue, currently under construction and set for occupancy later this year, sits directly across the road from Box Hill Gardens, the largest park in the suburb, offering walking tracks, playgrounds, sports courts, and a one-kilometre running track around its boundary.

[smartcode_project:default project_id=8569 project_image_fid=311426]

While Box Hill is already well-connected to wider Melbourne, with Box Hill Station just a six-minute walk from Irving Domain, residents will be even closer to greater transport connections soon, with the new Suburban Rail Loop (SRL) station being built directly under the park opposite.

The SRL is a 26-kilometre underground rail network that will connect Box Hill to Cheltenham, integrating seamlessly with existing transport options and allowing residents at Irving Domain faster and more convenient travel across Melbourne.

With a direct link to Monash University in just 12 minutes, the rail loop will enhance Box Hill’s status as a major employment, education, and lifestyle precinct.

This major infrastructure project is expected to double job opportunities in the area by the 2050s and facilitate the development of thousands of new homes.

The project also includes new pedestrian-friendly infrastructure, a linear park on Whitehorse Road, and upgraded plazas, ensuring residents of Irving Domain benefit from improved accessibility and an enhanced urban environment.

[smartcode_project:default project_id=8569 project_image_fid=317419]

Box Hill is a suburb well known for its diversity, both in its population and its hospitality and retail offerings.

Box Hill Central, located just 500 meters south of Irving Domain, provides a diverse selection of shopping and dining experiences, particularly celebrated for its Asian cuisine. Highly-rated restaurants such as Zero Mode, Tang, and cafes like Second Wife, ae Melbourne, and The Penny Drop are within walking distance.

The area also boasts reputable educational institutions, including Box Hill Institute and Box Hill High School, and essential healthcare services, with Box Hill Hospital only two kilometers away.

Designed by <a href="/architects/dko-architecture">DKO Architecture</a>, Irving Domain offers one and two-bedroom apartments with high-quality interiors and functional layouts.

Residents will have access to a rooftop retreat with panoramic city views, complementing the natural greenery of Box Hill Gardens next door.

Construction is well advanced and is expected to complete in Q3 2025.

&nbsp;

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[smartcode_project_cta:default project_id=8569]

Parkside and primed for growth: The strategic location of Irving Domain

Broadbeach has remained one of the most popular suburbs on Urban for the past four years, not just on the Gold Coast but nationally. The market has experienced growth at both ends, with one and two-bedroom apartments in high-density towers selling as quickly as luxury half and full-floor apartments.

No developer has had a greater impact on the <a href="/developments/broadbeach-qld-4218">Broadbeach apartment market</a> than <a href="/developers/morris-property-group">Morris Property Group</a>. Patriarch Barry Morris moved into the Gold Coast development market nearly two decades ago when he delivered Verve. Now, Morris is working on its ninth and tenth developments in the suburb, having completed their eighth over the summer.

[smartcode_project:default project_id=113008 project_image_fid=318654]

The company is building at both ends of the market, with the recently completed <a href="/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo</a> offering just 16 half-floor apartments on Jubilee Avenue. Another higher-end project, <a href="/new-apartments/maison-broadbeach-22-chelsea-avenue-broadbeach">Maison</a>, is currently under construction just 600 meters away on Chelsea Avenue, with 21 full-floor apartments.

The largest project is located on the sought-after Armrick Avenue, where Morris is developing <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest</a>—a dual-tower project with 339 apartments. Crest was one of the most popular on Urban in 2024, with the majority of the first tower already spoken for. Morris’ in-house building team has already started construction, with completion expected in mid-2027.

[smartcode_project:default project_id=112024 project_image_fid=286004]

Sydney-based developer Iris Capital identified Broadbeach as the ideal suburb to break into the Queensland market. Iris Capital, led by billionaire hotelier Sam Arnaout, purchased the Niecion Plaza in 2021 and has since begun construction on the two towers development —<a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>—that will replace the iconic commercial block. Iris is committed to honoring the site’s heritage, with a full retail precinct located beneath the 425 apartments.

"Choosing Broadbeach as the location for our V&amp;A project, in the vibrant heart of its dining and retail precinct, has allowed us to establish our brand with our first luxury venture into Queensland," Arnaout said. Iris launched the project in the middle of the pandemic, and of the first $200 million in sales, 80% went to interstate buyers.

[smartcode_project:default project_id=107928 project_image_fid=234102]

Colliers Residential Director David Higgins compares Broadbeach to one of Sydney’s most affluent harbour suburbs.

“Being from Sydney, I often think that Broadbeach is our Double Bay—with the dining, high-end retail, laneway cafes, beautiful Kurrawa parkland, the beach, and the unique amenities of Broadbeach, all within a five-minute walk,” he said.

Similar to Morris Property Group, Iris Capital is also using its own construction arm, Iris Built, to deliver Victoria &amp; Albert.

[smartcode_project:default project_id=107928 project_image_fid=234097]

More supply is coming to the Broadbeach market in 2025 to hopefully satisfy the ongoing demand. The only new development to launch in 2025 so far is Affinity Broadbeach, the second local project by joint venture partners <a href="/developers/amalgamated-property-group">Amalgamated Property Group</a> and Base Developments. Affinity, located on Chelsea Avenue, will comprise 180 apartments on the same street as Nikiforides Family Park, between Kurrawa Beach and Pacific Fair Shopping Centre.

The two and three-bedroom apartments across the 39-level glass tower will feature open-plan layouts, with sizes starting from 115 sqm for the two-bedroom apartments and 180 sqm for the three-bedroom apartments.

[smartcode_project:default project_id=107690 project_image_fid=323744]

<a href="/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity</a> will also include a heated outdoor pool set amid extensive landscaping, a gym, sauna, yoga spaces, and several communal lounges and private dining areas for residents' use. Carly Cottam, CEO of MOTIV Group, which is handling sales, says Affinity stands out by offering an affordable luxury option, perfectly positioned near the beach and vibrant dining and retail precincts.

“With such strong off-market interest to date, it is clear that demand for premium residences remains robust. Whether seeking a lifestyle retreat, downsizing, or rightsizing, buyers are drawn to the seamless blend of convenience and elegance that Affinity provides.”

[smartcode_project:default project_id=107690 project_image_fid=323199]

Busy developer <a href="/developers/polycell-group">Polycell</a> has two new Broadbeach projects in the pipeline, following the success of its debut Gold Coast apartment development, <a href="/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach">The Rochester</a>. MOTIV has sold well over 80 percent of the 182 apartments in the 42-level building on Surf Parade.

More supply is coming to the Broadbeach market in 2025 to hopefully satisfy the ongoing demand

The Broadbeach new apartment boom, and what's in store for 2025

The Brisbane River has well and truly come alive. In the last decade there have been billions in new developments, both apartments and mixed-use precincts that have changed the face of the waterfront in the Queensland capital. The completion of the redevelopment of Howard Smith Wharves in 2019 was a key milestone. The 3.4 hectares of prime riverfront underneath the Story Bridge is now a vibrant hospitality hub with several restaurants, bars, hotels, and event spaces.

The riverfront had to wait another five years before the completion of Far East Consortium’s $3.6 billion mega-precinct, Queens Wharf. The huge 12-hectare precinct, a new landmark for Brisbane, is home to four new luxury hotels, over 50 new restaurants, bars and entertainment experiences, luxury retail, and a state-of-the-art event centre, home to Brisbane’s largest hotel ballroom. Between the resort’s four towers, 37 metres above street level, is a 12,000 sqm, open-air Leisure Deck will deliver a mixed-use space for hotel guests and the public. The Leisure Deck features an Event Deck, expansive lawn area for sunset picnics and exclusive resort amenities overlooking the city skyline.

While there’s now limited land on the northern side of the Story Bridge and on the fringe of the CBD, there is still significant opportunity down the river for more waterside development. Economic Development Queensland is undertaking the largest urban renewal project in the state, and arguably the country. They are creating Northshore, a new mixed-use community on 304 hectares of previously industrial port land at inner-city Hamilton. The 40-year development, which started 10 years ago, is estimated to cost $12 billion.

There will be around 14,000 new homes built over the next three decades that will home roughly 24,500 residents. Over 25,000 employees will call Northshore their place of work, with an innovation and technology precinct covering over eight hectares of the precinct. That will comprise commercial, retail, and clean industrial businesses. In December, Northshore’s central precinct achieved a 6 Star Green Star – Communities certified rating. Northshore will also play host to Brisbane Athletes’ Village for the Brisbane 2032 Olympics and Paralympic Games.

While there have been major commercial developments that have driven huge economic boosts to Brisbane, the riverfront boom hasn’t been lost on some of states best new apartment developers. Don O’Rorke’s Consolidated Properties was quick to act back in 2021 when they snapped up the 1.5-hectare former ABC site on Coronation Drive in Toowong. The prime site, with 130m of waterfrontage, is also home to the heritage-listed Middenbury House, which is being restored as part of the new development, <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>. Monarch has been one of the best-selling developments across Brisbane in recent years, with nearly all of the apartments spoken for well before its late 2025 completion through Hutchinson Builders.

[smartcode_project:default project_id=113455 project_image_fid=211466]

Just a handful of penthouses remain in the two-tower project with nine of the 11 residences in the Penthouse Collection, which includes several riverside homes, snapped up in recent months. Predominantly local downsizers seized the opportunity, with an average sale price of $5.85 million. Colliers Director of Residential for Queensland, Andrew Scriven says the demand for Monarch’s top floors and unique River Homes has been incredibly strong, and the remaining penthouses will sell quickly.

"Since coming onto the market, the demand for these once-in-a-lifetime ultra-premium penthouse homes has been incredible," Scriven said.

"We’re continuing to see enquiry from local buyers as well as from out-of-state buyers. The level of interest in these homes speaks to the calibre and design of the Penthouse Collection."

[smartcode_project:default project_id=113455 project_image_fid=302322]

Consolidated Properties Group CEO and chairman Don O’Rorke says the development team’s vision was to deliver a super-premium residential project worthy of its unique north-facing location on the Brisbane River.

“The Monarch Residences penthouses offer unparalleled views, elegant design, and the kind of luxury living rarely seen in Brisbane,” O’Rorke said.

“Every apartment in the buildings is beautiful and in a class of its own – but with the penthouses, we’ve created a very small, exclusive set of residences that elevate themselves into a new class.”

[smartcode_project:default project_id=113455 project_image_fid=302440]

With Monarch nearly sold out, Brisbanites are now turning their attention to other opportunities to live by the river. The latest launch is in Teneriffe, where Kokoda Property Group—the developer behind The Ambrose and Ruby Ruby in Milton, as well as a major precinct project in Melbourne—has unveiled Teneriffe Banks (right and below). This development will be located on one of the last riverfront sites in the suburb, on Skyring Terrace.

Teneriffe Banks will feature five distinct, slender buildings housing over 200 residences, lofts, and penthouses, designed by Studio McCue, Cottee Parker Architects, and Carr. One of the buildings will house the first Kimpton Hotels &amp; Restaurants in Brisbane. The development will also offer an expansive commercial precinct, including more than 4,800 sqm of waterfront dining and retail space, as well as a redeveloped, purpose-built community centre.

[smartcode_project:default project_id=139896 project_image_fid=295098]

Before the official launch of Teneriffe Banks, there were $285 million worth of sales. Over half of the residences have already been sold in The Interloom and The Skyform buildings. The Interloom building connects the urban landscape with the waterfront, featuring up to 404 sqm luxury residences with soaring 3.8-metre ceilings and panoramic views. Perched above the soon-to-be-released Store House Lofts, The Skyform features more spacious apartments that offer up to 334 sqm of luxury living with four-metre ceilings and panoramic views of the Brisbane River and city skyline.

Residents of Teneriffe Banks will enjoy resort-style amenities, with each building including private dining rooms, personal wellness spaces, mineral baths, infinity pools, and exclusive access to the Canopy Club, one of the largest private members’ clubs in Queensland. The Ferry Building, a smaller-scale building, and The Skyform, merges Teneriffe’s historic woolstores with contemporary apartment design. Each Ferry Building home incorporates a large, private courtyard as an extension of the living space, with higher floors offering large terraces to entertain from.

[smartcode_project:default project_id=139896 project_image_fid=295102]

Supply on the river looks like it will continue over the coming years. The next project to launch will come from national developer Traders in Purple. Late last year they secured the prized 1.25-hectare West End site from Crown Group and have <a href="/news/qld/first-look-exclusive-traders-in-purple-plan-large-apartments-on-west-end-megasite">plans in with the Brisbane City Council</a> for around 130 apartments and 32 river and terraces homes designed by Rothelowman.

<img alt="Traders" data-entity-type="file" data-entity-uuid="31ace497-87de-4039-a9a2-2f8a5e103e6c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-27%20at%209.15.35%E2%80%AFAM.png?VersionId=tkYmoUNWZAVgREsNu6_gSHwbIXSNRwNo" />

Traders in Purple Director George Geagea said the size and location of the West End site presented a rare opportunity to create a remarkable lifestyle-focused destination just 4km from the Brisbane CBD. “We have long wanted to make our mark in Brisbane’s inner-city but we were prepared to wait until the right site came along.”

Another national developer, ICD Property, who is creating mixed-use towers in Adelaide and Sydney after a string of successful buildings in Melbourne, snared the well-known R&amp;F site on the West End riverfront. While they are yet to revise the plans, approval is there for seven towers with over 1000 apartments on the 1.68-hectare block. <a href="/news/qld/exclusive-icd-property-secures-riverfront-west-end-site-for-brisbanes-latest-multi-tower-precinct">ICD paid just under million</a> for the prime riverfront site that cost R&amp;F $82.5 million in 2015.

<img alt="ICD Property" data-entity-type="file" data-entity-uuid="4fc67d00-ac03-4d73-9b61-23cc39e4c20d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-27%20at%208.44.31%E2%80%AFAM.png?VersionId=ZW6VAMPpJSxSK2TrKj_qkfG_35_KdTg8" />

Plans have also been submitted <a href="/news/qld/multi-tower-precinct-planned-for-south-brisbane-riverfront">on the site next door</a> by concrete supplier Heidelberg Materials. Heidelberg, formerly Hanson, is also seeking to develop a new riverside community, which just falls into the suburb of South Brisbane rather than West End. Heidelberg had global design firm fjcstudio draw up plans for a 1.3-hectare precinct that will comprise three 50-level residential buildings with 620 apartments, a food and beverage plaza, and a 5,400 sqm public park (right).

Brisbane is poised for continued growth, following its strongest market performance in nearly four decades in 2024. According to CoreLogic data, unit values in the city surged by more than 16 per cent last year, marking the highest annual return since 1988. With a robust pipeline of projects in the works, Brisbane is set to maintain its upward trajectory, positioning itself as a serious contender to Sydney’s dominance. Last year Brisbane surpassed Melbourne to become the second most expensive property market in the country.

Brisbane is poised for continued growth, following its strongest market performance in nearly four decades in 2024.

Brisbane's riverfront renaissance, and the developers leading the charge

<a href="/developments/murrumbeena-vic-3163">Murrumbeena</a>, in Melbourne's southeast, is known for its wide, leafy streets, lined with Federation-era homes.

Hughesdale Village serves as the heart of both Murrumbeena and Hughesdale, with an array of shops, cafes, and Hughesdale Station.

What has been missing in the area is a new apartment development, which is what prompted joint venture partners&nbsp;Progressio and&nbsp;<a href="/developers/damgar-group">Damgar Property Group</a> to explore the opportunities available as close as possible to the village.

They secured a prime site at 50 Rosella Street, on the corner of Poath Road, just a stone's throw from the station and the Hellenic Depot, the popular Greek restaurant and bar. They commissioned Cera Stribley to design&nbsp;<a href="/new-apartments/rosella-murrumbeena-50-rosella-street-murrumbeena-vic-3163">Rosella</a>,&nbsp;70 one, two and three-bedroom apartments when completed later this year.

Cera Stribley was inspired by the adjacent Hughesdale Station when designing Rosella. The seven-level building&nbsp;features a façade of rough-cast concrete, dark terrazzo, and warm copper accents, reflecting the architectural character of the Hughesdale Station underpasses.&nbsp;

[smartcode_project:default project_id=142221 project_image_fid=288651]

Each apartment has been designed to maximise natural light and livability, featuring large balconies and terraces that provide excellent outdoor entertaining space

Inside, the apartments start at over 60 sqm for the one-bedroom units. Every apartment comes with at least one car space and is equipped with integrated Miele appliances and stone benchtops in the kitchens.

[smartcode_project:default project_id=142221 project_image_fid=288652]

Rosella residents will be spoiled for choice with Murrumbeena Village just moments away, along with six new retail tenancies on the ground level. These are expected to include a variety of restaurants, cafes, and wine bars.

The location is exceptionally well-connected, with Rosella residents just 20 minutes from the CBD by train, direct from Hughesdale Station.

[smartcode_project:default project_id=142221 project_image_fid=288658]

Murrumbeena Park and its playground, as well as a variety of dining options like Murrumbeena Wine Bar, are all within a 10-minute walk.

Chadstone Shopping Centre, the largest indoor shopping centre in Australia, is just one kilometre up Poath Road. Known as 'Chaddy', the retail precinct boasts over 550 stores, around 100 restaurants and cafes, a fresh food market, and a full entertainment quarter featuring escape rooms, dodgems, mini-golf, a cinema, and bowling.

Rosella is progressing well with construction and is expected to be completed before the end of the year.

[smartcode_project_cta:default project_id=142221]

Rosella residents will be spoiled for choice with Murrumbeena Village just moments away, along with six new retail tenancies on the ground level

Rosella's prime location in Hughesdale Village

<a href="/developments/palm-beach-qld-4221">Palm Beach</a> continues to prove to be one of the most popular new apartment markets in the whole of the <a href="/developments/gold-coast-qld">Gold Coast</a>.

What was once a relatively quiet area has rapidly transformed. Its proximity to both Burleigh Heads to the north and Coolangatta to the south has seen it become a hotspot for both investors and owner-occupiers. It was one of the best-performing new apartment markets during the pandemic, with developments selling out in a matter of weeks.

Although the new development market slowed due to supply issues, demand remained strong, with developers fiercely competing to secure sought-after sites.

Now, a new wave of projects is getting underway in 2025. In this editorial, we've highlighted some of the best projects currently available for purchase, as well as those set to launch later this year.

<h2>What: Villea</h2>

<h3>Where: 26 Mawarra Street, Palm Beach QLD 4221</h3>

<h3>Who: Abadeen Group</h3>

Having spent nearly two decades delivering high-end apartments in Sydney’s affluent North Shore, developer <a href="/developers/abadeen-group">Abadeen Group</a> Group has expanded its operations to the Gold Coast.

Their first Queensland project, <a href="/new-apartments/villea-palm-beach-26-mawarra-street-palm-beach-qld-4221">Villea</a>, will offer 69 two- and three-bedroom apartments starting from under $1 million, located on Mawarra Street in the relatively untapped area of Palm Beach, not far from Tallabudgera Creek.

[smartcode_project:default project_id=106840 project_image_fid=178475]

Designed by BDA Architecture, the eight-level building will maximize natural light in each apartment. The apartments will feature kitchens with premium stone benchtops, central islands, and integrated Fisher &amp; Paykel appliances. Additionally, each apartment will have balconies off the kitchen, living, and dining areas, offering either ocean or hinterland views.

Villea will also feature a resort-style pool, gym, barbecue area, and a convenient boutique retail strip at street level.

[smartcode_project:default project_id=106840 project_image_fid=334281]

Currently under construction by Emicon, Villea is expected to be completed by the end of 2025.

<h2>What: Flourish on Sixth</h2>

<h3>Where: 6-12 Sixth Avenue, Palm Beach QLD 4221</h3>

<h3>Who: Sherpa Property Group</h3>

Local Gold Coast developer Sherpa Property Group is delivering the first project under its new Flourish brand in Palm Beach, a market they have been active in for several years.

The Flourish brand is designed to provide a more affordable entry point to an otherwise expensive market.

The Palm Beach development, <a href="/new-apartments/flourish-on-sixth-ave-6-12-sixth-avenue-palm-beach">Flourish on Sixth</a>, launched with rare one-bedroom apartments priced under $600,000—an uncommon find on the southern Gold Coast.

[smartcode_project:default project_id=146527 project_image_fid=311566]

The remaining two-bedroom apartments are still competitively priced from $1.09 million, with three-bedroom apartments starting from $1.63 million.

Flourish on Sixth will feature a rooftop amenity level with a heated lap pool, private cabanas, BBQ area, and wellness amenities such as a gym, sauna, steam room, and plunge pools.

[smartcode_project:default project_id=146527 project_image_fid=306037]

Additional features include work-from-home facilities, a shared electric vehicle service, and a car wash station.

Builder LPS Group has already started siteworks, with completion expected by early 2027.

<h2>What: Perspective Nexus</h2>

<h3>Where: 949 Gold Coast Highway, Palm Beach QLD 4221</h3>

<h3>Who: Sherpa Property Group</h3>

Sherpa Property Group is also working on another Palm Beach development, <a href="/new-apartments/perspective-nexus">Perspective Nexus</a>, located near Palm Beach Parklands.

Expected to be completed toward the end of 2025, this development is distinct from Flourish with its more upscale offerings, targeting local downsizers.

[smartcode_project:default project_id=108324 project_image_fid=250147]

The nine-level development will comprise 35 two-, three-, and four-bedroom apartments, including penthouses and sky homes with private rooftops.

Resident amenities will include a wellness center with a magnesium spa, sauna, steam room, pool, and a private dining area with an outdoor kitchen.

[smartcode_project:default project_id=108324 project_image_fid=245951]

The development will also offer electric car charging, a car wash bay, and parcel delivery storage.

Construction by&nbsp;<a href="/builders/lps-group">LPS Group</a> is already underway, with completion expected in Q3 2025.

<h2>What: La Belle</h2>

<h3>Where: 332 The Esplanade, Palm Beach QLD 4221</h3>

<h3>Who: Marquee Developments</h3>

Another prominent Gold Coast developer, Marquee Developments, is making significant progress on their Palm Beach apartment development, <a href="/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Belle</a> Palm Beach.

The 75 luxury two-, three-, and four-bedroom apartments sold out quickly when launched in early 2024. Within three months, over 70 per cent of the apartments were sold, and construction soon began on the prime site on The Esplanade.

[smartcode_project:default project_id=102340 project_image_fid=273590]

Residents of La Belle will have access to two levels of amenities, including a heated outdoor pool and spa, teppanyaki dining bars, a lounge with a billiards table and bar, and a wellness center featuring a gym, yoga and Pilates studio, Nordic and infrared saunas, and hydrotherapy hot and cold plunge baths.

The development will also feature a hotel-style lobby with private office spaces for remote working.

La Belle is expected to be completed by mid-2026.

<h2>Where: 62-64 Jefferson Lane, Palm Beach QLD 4221</h2>

<h3>Who: Gordon Corp</h3>

Tim Gordon's&nbsp;<a href="/developers/gordon-corp">Gordon Corp</a> is gearing up to launch their latest development on the Jefferson Lane dress circle.

Gordon Corp is teaming up again with the billionaire Mathieson family who are also joint venture partners on the luxury Mantaray project in Main Beach.

In the coming months, buyers will have a chance to secure one of the 47 two and three-bedroom apartments near the Pavilions Palm Beach retail precinct.

<img alt="First look exclusive: Gordon Corp team up again with Mathieson family and join booming Palm Beach off the plan apartment market" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-13%20at%2012.42.07%E2%80%AFPM.png?VersionId=QlRr6YQL0SD1Y8ixXo2QWRRpSyCJDSpL" />

<a href="/architects/cottee-parker-architects" target="">Cottee Parker</a>&nbsp;designed the nine-level atrium with an&nbsp;open-air atrium for natural ventilation and a suite of private amenities including a&nbsp;15m lap pool with daybeds and cabanas, a wellness centre with a cold plunge, hot spa, sauna, steam room, and a state-of-the-art gym.

Read more at:&nbsp;<a href="/news/qld/first-look-exclusive-gordon-corp-team-up-again-with-mathieson-family-and-join-booming-palm-beach-off-the-plan-apartment-market">First look exclusive: Gordon Corp team up again with Mathieson family and join booming Palm Beach off the plan apartment market</a>

<h2>What: Cirrus</h2>

<h3>Where: 1101 Gold Coast Highway, Palm Beach QLD 4221</h3>

<h3>Who: Macquarie York</h3>

<a href="/developers/macquarie-york">Macquarie York</a> is working toward a 2025 launch of Cirrus, which received approval from the Gold Coast City Council late last year.

<a href="/new-apartments/cirrus-palm-beach-1101-gold-coast-highway-palm-beach">Cirrus</a>, which will meet Jefferson Lane near the Palm Beach Surf Club, will comprise just 10 full-floor apartments and a two-level penthouse.

[smartcode_project:default project_id=22108 project_image_fid=312173]

Cirrus will also feature a level one recreation deck with a swimming pool and lounge area overlooking the ocean.

Macquarie York had <a href="/architects/plus-architecture">Plus Architecture</a> take the architectural lead for the development.

<h2>Where: 402-404 The Esplanade, Palm Beach</h2>

<h3>Who: Chanine Developments</h3>

Sydney-based developer&nbsp;<a href="/developers/chanine-developments">Chanine Developments</a> is too looking toward the luxury end of the market.

They're making their Gold Coast debut on The Esplanade with 15 half-floor apartments and a five-bedroom penthouse with a private rooftop pool.

Chanine is led by Marwan Chanine, who says he wants to bring&nbsp;the luxury of Sydney's Eastern Suburbs to Palm Beach through high-end finishes and design.&nbsp;

<img alt="Two new luxury apartment developments coming to Palm Beach in early 2025" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-04-22%20at%204.39.02%20pm.png?VersionId=sFn95mI3.TXZg5_hH7Srgj0vhyPRP.4o" />

The prime beachfront location is expected to attract downsizers and owner-occupiers looking for a coastal lifestyle.&nbsp;

The project is set to hit the market in early 2025.

Read more at:&nbsp;<a href="/news/qld/two-new-luxury-apartment-developments-coming-to-palm-beach-in-early-2025">Two new luxury apartment developments coming to Palm Beach in early 2025</a>

We've highlighted some of the best projects currently available for purchase, as well as those set to launch later this year

Where to buy in Palm Beach in 2025

When boutique developer Prime Edition was researching where to create their next apartment project, it was important to focus on some key fundamentals that would allow future residents to live an elevated lifestyle.

Prime Edition, known for its boutique developments in areas like Toorak and South Yarra, aimed to bring that level of quality and craftsmanship to a larger scale. For that, they needed a larger site befitting of their vision.

That led them to <a href="/developments/clifton-hill-vic-3068">Clifton Hill</a>, the small suburb tucked away between Fitzroy and Collingwood.

Very little new development has occurred in recent years in the area, which benefits from being close to the Melbourne CBD.

Prime Edition snapped up a 1,540 sqm site on Queens Parade, near the intersection of Queens Parade and Smith Street, regarded as a prime location.

They recently launched the development, dubbed <a href="/new-apartments/33-queens-parade-clifton-hill-33-queens-parade-clifton-hill">33 Queens Parade</a>, a collection of 40 apartments, penthouses, and townhouses that will allow future residents to benefit from a myriad of local amenities while also being well-connected to wider Melbourne.

[smartcode_project:default project_id=134228 project_image_fid=305765]

The development is strategically located across the road from the Smith Street and Queens Parade tram stop, which will benefit city workers as well as families with children in higher education. The tram on Route 86 takes just 20 minutes to get into the city, passing through Fitzroy and Collingwood, and also heads north through Northcote and Preston to the RMIT Bundoora campus. Clifton Hill Station is also just 700 metres away.

There are educational opportunities aplenty on the doorstep. Just 500 metres up the road is the recently opened Wurun Senior Campus, an innovative new facility for Collingwood College and Fitzroy High School’s Year 11 and 12 students. For a younger family, the address is a short walk to Clifton Hill Primary School.

33 Queens Parade residents will also be spoilt for choice when it comes to parks. 500 metres north is Edinburgh Gardens, one of Yarra's largest parks. The 24-hectare park is home to the W.T Peterson Community Oval, a kids' playground, skatepark, basketball court, barbecue facilities, and large expanses of open lawn and landscaped gardens. Around half of the park is dog off-leash.

The same distance from 33 Queens Parade to the east is Darling Gardens, a smaller park with a kids' playground, barbecue, and walking paths.

Just past Darling Gardens is Quarries Park, a network of parks and sports grounds. It's linked by paths across Clifton Hill and connects to the Main Yarra and Merri Creek trails (Capital City Trail).

[smartcode_project:default project_id=134228 project_image_fid=322175]

Queens Parade Village is also a well-known hub among locals. The shopping village runs from Smith Street up to Heidelberg Road and is home to retail shops, hospitality venues, and health and wellbeing services. At the village's heart is Clifton Hill Station, just 700 metres away.

33 Queens Parade fills a gap in the suburb, where the median house price is over $1.7 million, and less than a quarter of dwellings are apartments.

[smartcode_project:default project_id=134228 project_image_fid=322189]

Architecture firm <a href="/architects/cera-stribley-architects">Cera Stribley</a> designed the building so the apartments connect to the outdoors at every opportunity, with balconies, garden courtyards, and private rooftop terraces.

Extensive stamp duty savings apply to residences at 33 Queens Parade until October 2025. Apartment buyers could save up to $124,000, while townhouse buyers could save up to $127,000. Those looking to secure a penthouse could save around $195,000 on stamp duty.

[smartcode_project_cta:default project_id=134228]

Queens Parade Village is a well-known hub among locals, home to retail shops, hospitality venues, and health and wellbeing services

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