Downsizers from Melbourne's inner east have swooped on Burnley Maltings, one of the only opportunities to move into a newly built home in the tightly held suburb in recent years.

They've been coming from large family homes in the likes of <a href="/developments/kew-vic-3101">Kew</a>, <a href="/developments/hawthorn-vic-3122">Hawthorn</a> and <a href="/developments/richmond-vic-3121">Richmond</a> now the kids have flown the nest and they don't need such a large family home.

The townhouses at <a href="/new-apartments/burnley-maltings-richmond-45-gibdon-street-richmond">Burnley Maltings</a> cater for multi-generational living but are low maintenance. All but one townhouse in the development of 37 residences offering three bedrooms, while several have a separate home office space and all have large rooftop terraces.

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"These buyers want to be somewhere where there's more going on, but don't want to be right in the thick of the action," Bart O'Callaghan, director of developer Developed by Urban says.

"They don't want to be in the middle of Richmond, but they want the easy access either by train, with the Burnley Station just 500 metres away, or a short car ride."

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O'Callaghan says they're also expecting local upsizers when construction is more advanced, from those who don't want the headache and cost of renovating and extending their current Victorian-era cottage and instead opt for a new home. Burnley Maltings brings that heritage through, given the terraces in the&nbsp;heritage-protected landmark&nbsp;Barrett &amp; Burston Maltings, a historic malting factory that started life in the late 1800s as Terry's Burnley Brewery.

The street is also just across the road from the prestigious St Georges Road, one of Melbourne's priciest streets where there have been sales of up to $88 million.

Currently under construction with a target completion date of late 2025, Burnley Maltings represents a rare heritage restoration that is difficult to reproduce in the current built environment.

<a href="/developers/developed-by-urban">Developed by Urban</a>&nbsp;is a&nbsp;specialist in restorations of old and heritage-listed buildings. They took the opportunity not many developers would when the historic building came up for sale.

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O’Callaghan says for years Burnley's main&nbsp;detraction had been the operating heritage maltings which finished operations in 2018.

"We have put a tonne of work into the heritage restoration and reimagining of the c.1885 space to now incorporate 1,000 sqm of gardens and beautifully designed new homes, perfect for Families and downsizers alike.

“So often&nbsp;<a href="/developments/melbourne-vic" target="">Melbourne</a>&nbsp;families living in the inner suburbs are forced further away from the CBD in pursuit of space and a larger family home close to Schools. Burnley Maltings townhomes include lock-up garages, oversized bedrooms rooftop terraces and oodles of family living space.”

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Currently under construction with a target completion date of late 2025, Burnley Maltings represents a rare heritage restoration that is difficult to reproduce in the current built environment

Joel Robinson

Why downsizers are flocking to Burnley Maltings

Frasers has unveiled the heart of its $500 million masterplanned community, The Quarry.

The hub of the masterplan,&nbsp;a transformation the 48.7-hectare <a>Keperra</a> Quarry, is the recently completed $5 million resort-style facility ClubQ.

The facility features a 25-metre lap pool with an infinity edge, two further resort-style walk-in pools with an integrated waterfall and a kid's splash and play area, and a private wellness centre featuring a fully equipped gym and meditation room.&nbsp;

ClubQ also has a kitchen, an art gallery and future communal dining space, shared green space, and a sunset deck with sunken levels and built-in seating to capture panoramic views of the local D’Aguilar Range and beyond.&nbsp;

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<a href="/architects/rothelowman">Rothelowman</a> Project Leader Megan Schulte said the space had been designed to amplify life at <a href="/new-townhouses/the-quarry-by-frasers-property-1004-samford-road-keperra-qld-4054">The Quarry</a>.&nbsp;

“The built form of ClubQ takes cues from the existing environment and colours, reusing materials mined on site to build a sense of place,” Schulte said.&nbsp;

“Water and earth are celebrated throughout the ClubQ footprint as the lifeforce and heart of everything, &nbsp;even to the imposing 4-metre high, 54-tonne granite boulder that forms part of the building itself.”&nbsp;

“We have truly left no stone unturned to connect these vastly distinct spaces, from reusing site materials &nbsp;including monolithic stone in the spacious kitchen, to subtle touches like the geometry of the footpath and pool &nbsp;edges which resemble the microscopic edges of granite.”&nbsp;

&nbsp;

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The entertainment space overlooks a 3.7-metre LED screen and a collection of curated visual storytelling pieces presented as an art gallery that will become a communal dining space for future residents.&nbsp;

A mature Kauri Pine Tree sits front and centre at ClubQ, encased by windows as it seamlessly blends the inside and outside realms, adding natural light for picturesque views and enhanced golden hour scenes all year round.&nbsp;

Scott Ullman, General Manager of Queensland Development at Frasers Property Australia, said the ClubQ brought unique amenities and design aesthetic to a rugged environment.&nbsp;

“As The Quarry transforms over the next decade, ClubQ will become a timeless space for future residents to come together and enjoy social events and recreation long into the future,” he said.&nbsp;

“More than 40 per cent of the community is dedicated to existing bushland and newly curated green space and resident amenities. ClubQ is the heart of the Quarry, and an extension of the residents’ homes.” &nbsp;

&nbsp;

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The Quarry will feature a mix of 500 home and land sites, Rothelowman-designed terrace homes, and extensive placemaking.

The existing Keperra Quarry mines granite and will progressively curb operations as the development of the residential stages advances.&nbsp;

&nbsp;

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The Quarry will feature a mix of 500 home and land sites, Rothelowman-designed terrace homes, and extensive placemaking

Staff Writer

Frasers unveil ClubQ at $500 million Keperra Quarry masterplan

For centuries, Australia's oldest prisons have taken up prime land across the country.

It's the case in Sydney's Eastern Suburbs where Long Bay jail occupies 32 hectares of prime eastern suburbs real estate that has long been touted as a potential to somewhat curb some of Sydney's crippling housing supply issue.

In Brisbane, there's the now-closed H.M. Prison Brisbane, more commonly known as Boggo Road Gaol, one of the most notorious prisons in the country before it closed its doors in the 1980s. That still sits on a prime near 10-hectare block of land in Dutton Park, just south of the city and on the fringe of Woolloongabba, the focal point of the 2032 Brisbane Summer Olympics.

The Melbourne Assessment Prison is located in one of the most sought-after and busy spots in the heart of the Victorian capital, straddling both Spencer and La Trobe Streets in the heart of the city.

These prisons sit on blocks of land that will likely never be traded, which is why when the HMAS Pentridge Prison in Coburg shut down operations in the late 1990s, astute developers swooped on the 6.7-hectare parcel which is located near the centre of <a href="/developments/coburg-vic-3058">Coburg</a>.

One of those developers was Pace, who secured a site that was formerly the exercise yard of the prison. The site Pace acquired left them with a relatively blank canvas compared to some other developers who bought parts of the prison which had to be retained as part of the redevelopment.

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While not having to follow strict heritage rules, architecture firm <a href="/architects/sjb-architects">SJB Architects</a> still looked to the old prison for inspiration.

"You see the old bluestone walls and you want to embrace its history," former SJB Director Tristan Wong said.

"It's so important, and it is a special part of Coburg's history. Those memories are still there and very visible, but there's now just this much more, community-focused, locally-inspired project. it's like it's had this rebirth or regeneration of its former youth."

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Pace will soon be welcoming residents to&nbsp;<a href="/buildings/pace-3058-coburg-9s-wardens-walk-coburg">Pace 3058</a>, a collection of 311 apartments and townhouses&nbsp;that are slated for completion in the coming months.

The location has been a major driver in interest given it's just 13-minute walk from Coburg Station and the town centre.

Nestled behind Sydney Road, Pace 3058 is surrounded by expansive parklands, bike trails, and a diverse selection of restaurants and cafes.

The nearest park,&nbsp;Coburg Lake Reserve, is&nbsp;only an eight-minute stroll from Pace 3058, offering picnic areas, playgrounds, barbecue facilities, and walking and bike paths surrounding the lake.&nbsp;There is also a Palace Cinemas within a five-minute walk of Pace 3058.

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Jackson Reserve, a busier recreational park, featuring&nbsp;an off-leash dog area,&nbsp;a playground, an adjoining basketball stadium, and a track and field oval&nbsp;is just a quick five-minute drive away.

Several retail and dining options also surround the development, starting with The Boot Factory across the street, The Glass Den towards the rear of the property, and O’Hey Cafe an eight-minute walk away.&nbsp;

Moreover, residents are only a three-minute walk to Coburg Farmers’ Market, five minutes to Ritchies IGA Fine Food and Wine Merchants, and just within a kilometre from the closest Woolworths and Coles.

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Completing the ideal location checklist for family buyers, Pace 3058 not only offers proximity to parks, playgrounds, retail, and dining options but also sits just 400 metres from Coburg Primary School and 850 metres from Coburg High School.

Health services are also nearby, with Merri Health only an eight-minute walk, and Harding Street Medical Centre, a five-minute drive away from Pace 3058.

Prospective buyers can choose from one, two, and three-bedroom DDA-compliant apartments, as well as double-storey three-bedroom townhouses.

[smartcode_project_cta:default project_id=24822]

Australia's inner-city prisons and their potential for new apartment development

Local owner-occupiers have jumped at Mirvac's new Brunswick apartment development, Prince &amp; Parade.

<a href="/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a>, on the doorstep of the 39-hectare Princes Park, home of Carlton Football Club, walking paths, sports grounds, and playgrounds, has proven to be a hit with local buyers from <a href="/developments/brunswick-vic-3056">Brunswick</a>, as well as the neighbouring&nbsp;<a href="/new-apartments/parkville-vic-3052">Parkville</a>, <a href="/new-apartments/princes-hill-vic-3054">Princes Hill</a>, and <a href="/new-apartments/carlton-vic-3053">Carlton</a>.

There's been an influx of purchasers who are working in the medical industry in particular, given the development's proximity to several local hospitals. Prince &amp; Parade's location has also proven favourable for academics who work at highly prestigious local universities like <a href="/developments/melbourne-vic" target="">Melbourne</a>&nbsp;University and RMIT.

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The parkside location has been one of the biggest drivers in purchasing, according to <a href="/developers/mirvac">Mirvac</a>. The Urban community has also marked the great location as the biggest key strength of the project.&nbsp;There are few opportunities to be so connected to nature in inner-city Melbourne.

Read more:&nbsp;<a href="/news/vic/on-the-doorstep-of-princes-park-how-mirvacs-prince-parade-takes-advantage-of-its-park-side-location">On the doorstep of Princes Park: How Mirvac's Prince &amp; Parade takes advantage of its park side location</a>

There's also confidence in Mirvac's ability to deliver quality as an ASX-listed developer who has completed a string of apartment developments across Australia over the last five decades.

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Designed by <a href="/architects/bates-smart">Bates Smart</a> in collaboration with <a href="/architects/mirvac-design">Mirvac Design</a> and landscaped by <a href="/landscape-architect/jack-merlo">Jack Merlo</a>, Prince &amp; Parade comprises one, two, three, and four-bedroom apartments.

The fully electric Prince &amp; Parade features a residents' lounge and dining room, as well as a rooftop terrace with extensive panoramic views of Melbourne.

Prince &amp; Parade is just four kilometres from the CBD and is within walking distance of the historically vibrant suburbs of Melbourne's inner north. It's also just a short walk to Jewell Train Station and Royal Park Train Station.

Early site works by <a href="/builders/mirvac-construction">Mirvac Construction</a> have commenced, with Prince &amp; Parade's completion slated for June 2026.

[smartcode_project_cta:default project_id=4802]

Location and brand recognition drive sales at Mirvac's Prince & Parade apartments in Brunswick

Developer Wickton&nbsp;entered the Hampton off the plan apartment market late last year with two different projects.

They're both aimed at the owner-occupier, but their more boutique project, <a href="/new-apartments/58-beach-hampton-58-beach-road-hampton">58 Beach</a>,&nbsp;only has two of the six large beachside apartments left, just a four-minute walk from <a href="/developments/hampton-vic-3188">Hampton</a> Beach.

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Designed by <a href="/architects/ewert-leaf">Ewert Leaf Architects</a> and landscaping by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick</a>, 58 Beach is a balance of the built and natural environment.

"The architecture’s coastal-inspired palette combines smooth, filleted concrete spandrels and textured parchment tone bricks, all crowned by verdant pre-oxidised shingles."&nbsp;Ewert Leaf described.

"From within, full-height windows frame immersive views of the lush gardens and the indigo hues of the bay beyond, with intention.

“Each residence is individually crafted through practical spatial planning, abundant natural light, refined materiality, bespoke detailing and premium fixtures and fittings. The interiors are both honest and unique, tailored for the address and crafted for the residents. A distinct feeling of home.”

The living and dining spaces are designed to flow into wraparound garden courtyards or expansive terraces, providing residents with wide beachfront vistas.&nbsp;

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The warm, minimalist interiors boast wide-plank engineered European oak timber flooring, concealed shelf lighting, and a natural stone plinth.

The kitchen, a practical and elegant space, features natural stone benchtops, extensive joinery, brushed nickel cupboard pulls, premium tapware, feature spotlights above preparation areas, and is well-equipped with Swiss V-ZUG appliances housed in a tower arrangement.

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The master suite features a walk-in robe and built-in robes in additional bedrooms.

The estimated completion date for 58 Beach is&nbsp;December 2024. Construction company&nbsp;<a href="/builders/2-moro-group">2 Moro Group</a>&nbsp;is overseeing the building for&nbsp;<a href="/developers/wickton">Wickton</a>.

[smartcode_project_cta:default project_id=141530]

The estimated completion date for 58 Beach is December 2024. Construction company 2 Moro Group is overseeing the building

Only two apartments remain at Hampton's 58 Beach apartments

The 9.34-hectare masterplanned precinct Highett Common, in the heart of Highett, is set to be home to over 1,000 residences upon completion, with a conservation reserve alongside a public park with a state-of-the-art playground, a new public library and a community centre.

The first residential release in the development settles among the curated pockets of space, with the surrounding landscape inspiring the internal design.&nbsp;

Developer <a href="/developers/sunkin-property-group">Sunkin Property Group</a> tasked the architects at ClarkeHopkinsClarke to design <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Park House</a>, which&nbsp;they say reintroduces nature to modern life.

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The interiors of Park House strike a balance between design and liveability. Floor-to-ceiling walls of glazing and seamless glass doors connect the living spaces to generous balconies that provide the perfect space to take in the surrounding park views.

Read more:&nbsp;<a href="/news/vic/sunkin-team-up-with-coco-republic-at-highett-common">Sunkin team up with Coco Republic at Highett Common</a>

The one, two, and three-bedroom residences are versatile and enduring, designed for all seasons and any occasion. The living zones are spacious and graceful, using a thoughtful composition of aesthetics and function. The interiors feature a texturally rich palette of materials highlighted by clean, flowing lines, and sun-drenched luxury.

From the matt finish timber floorboards to the recessed ceiling track for the curtains, a sublime and minimalist approach is evident at every turn. The slender white battens add an elegant profile to a feature wall, giving the lounge subtle tactility and character.

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The kitchen, designed to balance daily cooking and entertaining with ease, is both organic and elegant. The full-height panels of timber laminate or satin white joinery conceal a myriad of storage and functional elements.

The timber-inspired finishes and marbled or stone surfaces of the benchtop and splashbacks ground the design with a warm and earthy presence. The suite of premium appliances is completely integrated within the design, including&nbsp;a flush, undermount double sink and sleek gooseneck tapware.

Park House will also offer a level of customisation with residents given a choice of a warm material scheme in classic timber tones or a contemporary palette light material scheme.

Sunkin is now selling the remaining apartments at Park House, and the <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">first townhouses in Highett Common</a>.

[smartcode_project_cta:default project_id=108019]

Park House will also offer a level of customisation with residents given a choice of a warm material scheme in classic timber tones or a contemporary palette light material scheme

Designed with substance: Inside the Park House apartments at Highett Common

The former Gronn Place Public Housing Estate in Brunswick West is set to undergo a major overhaul.

Initially constructed in the 1960s, the estate comprised six three and four-storey walk-up flats with 62 units. Despite being continually intended for social housing use since its inception, the estate has become dilapidated and unsuitable for its occupants due to poor condition, inadequate insulation, and the lack of lifts, but has remained under the ownership and operation of the Director of Housing (DoH) under the State Government.

The Victorian Government’s Homes for Victorians strategy includes a $2.7 billion program for investment into housing and homelessness initiatives. One of these initiatives is the Public Housing Renewal Program, a $185 million plan to redevelop aging public housing estates across Victoria into mixed-tenure neighbourhoods with modern, accessible, and fit-for-purpose housing.

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<a href="/developers/avjennings">AVJennings</a> has partnered with the State Government's Director of Housing (DoH) and Women's Housing Limited to redevelop the former Gronn Place Public Housing Estate site at 8 Kitchener Street, with the new development, <a href="/buildings/harvest-square-apartments-and-townhomes">Harvest Square</a>, comprising a mix of private and social housing components.

The&nbsp;site of one of nine public housing estates across Metropolitan Melbourne that is part of the program.

As agreed with the DoH, the new development will be tenure blind, comprising&nbsp;111 social housing apartments, eight community housing apartments (Women’s Housing), 50 private apartments, and 29 private townhouse dwellings.

At least five per cent of the new social housing homes will also be easy to access for Victorians with disabilities, with drop-off areas, paths, lifts, and car parking. Inside the homes, kitchens, bathrooms, and storage will also be highly accessible.

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Not only are AVJennings helping to aid in the current housing crisis that is plaguing the country, the group are also creating homes for the future at Harvest Square.&nbsp;

The Harvest Square development has been designed with sustainability in mind, boasting a 5-Star Green Star rating and a minimum 7-star NatHERS rating across all buildings. As a Green Star community, all homes have been sustainably designed to ensure minimal impact on the environment while enhancing health and quality of life, with inclusions such as communal corridors, play areas, bicycle parking, and productive gardens as part of the community.

The Gold Liveable Housing Design will provide more generous space across the development, assisting in comfortable and unobstructed movement between rooms, in addition to the building's orientations which will aid in reducing heating and cooling costs. There's also waste and recycling systems in place to minimise landfill.

[smartcode_project_cta:default project_id=139951]

AVJennings has partnered with the State Government's Director of Housing (DoH) and Women's Housing Limited to redevelop the former Gronn Place Public Housing Estate site

Harvest Square to offer affordable housing options in Brunswick West

When it comes to apartment investing, there are two key criteria to look at; the vacancy rate trends and current rate in the area, and the price per square metre.

Local developer Robert Laybutt was well aware of what's important to investors and went against the grain on the island of producing apartments that were solely for the downsizer. What he's produced lends itself perfectly to the investor or first home buyer market.

The result is <a href="/new-townhouses/andiamo-apartments-hope-island-38-42-broadwater-avenue-hope-island">Andiamo Apartments</a>, the most affordable apartment development Hope Island has seen in years.

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The first metric is the vacancy rate. There are just over a dozen rental properties currently available on <a href="/developments/hope-island-qld-4212">Hope Island</a>, 90 per cent of which have three bedrooms.

"The rental market in areas such as Hope Island and its surrounds have experienced some of the most significant price hikes in the country," Bernice Cooper, of Mercer &amp; Cooper said.

Locals buyers agency firm By The Coast Property says that with constrained supply and continued demand from interstate and overseas migration, strong demand for apartments and increased construction costs, property prices and weekly rents on the Gold Coast will continue to rise through 2024.&nbsp;

They believe that weekly rents will continue to rise in 2024 fuelled by migration and a continued shift into more affordable apartments from free-standing houses offering property investors the opportunity for increased yields, particularly if interest rates fall later in the year.

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The other key element investors look at when purchasing is the price per square metre.

The Light Rail Spine experienced the most uptick in new apartment prices in 2020, rising by 9.5 per cent to an indicative value of $11,500 per sqm. It ranged from $8,800 sqm to $14,3000.

Andiamo's starting price per sqm of $7,500 isn't even close to the range.

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The two-bedroom apartments at Andiamo begin at $630,000, which is luring first home buyers given the Gold Coast median unit price according to property data analytics firm CoreLogic is $721,000.

The majority of apartments left fall under the $750,000 First Home Owner Grant cap, so first home buyers at Andiamo don't have to pay a penny on stamp duty.

Both first home buyers and investors have also been drawn to the low body corp, just $70 a week. That's despite amenity in the form of a reosrt-style swimming pool, barbecue area, multi-purpose room and access to lifts.

[smartcode_project:default project_id=139743 project_image_fid=262912]

Located on Broadwater Avenue, Andiamo comprises 76 apartments designed by&nbsp;<a href="/architects/david-gallez-architect">David Gallez Architect</a>.

Investors know the location is an important factor in securing a tenant. Andiamo is ideally located just 100 metres from&nbsp;Broadwater Plaza where there's a Godfather Pizza and a handful of retailers within. Just a few hundred metres the other way is the more abundant Hope Island Marketplace, the shopping hub of the whole of Hope Island.

Hope Island is also home to some of South East Queensland's best golf courses, 16 in total across Hope Island and the nearby Sanctuary Cove.

Andiamo Apartments is currently under construction by SEQ builder <a href="/builders/bryant-building-contractors">Bryant Construction</a> and is expected to be completed in early 2025.

[smartcode_project_cta:default project_id=139743]

Why every apartment investor metric stacks up at Andiamo Hope Island

Development group <a href="/developers/giancorp-property-group">Giancorp</a> took to <a href="/developments/moonee-ponds-vic-3039">Moonee Ponds</a> to rejuvenate and reconnect the suburb's Puckle Street precinct with their apartment development Penny Lane, an arthouse cinema and arcade, and a laneway network that boosts walkability.

<a href="/buildings/penny-lane-moonee-ponds-6-14-young-street-moonee-ponds">Penny Lane</a> comprises a total of 109 completed apartments, each offering generous balconies or terraces. It is the focus on longevity, spatial planning, and environmental credentials that sets Penny Lane apart.

Designed by <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke Architects</a> with carefully selected permanent materials and exceptional finishes throughout the building and residences, such as glass, concrete, steel, warm timbers, and soft feature stones.

&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268937]

"Penny Lane has been designed with longevity at the forefront of our thinking," Clarke Hopkins Clarke Architects Multi-residential partner Toby Lauclan says.

Materials of glass, steel and concrete are softened at street level by vertical planting, bluestone and recycled bricks salvaged from the site’s existing building.

"Robust, long-lasting materials including concrete, steel and glass, will ensure the building ages well, is low-maintenance and inexpensive to maintain over its entire lifespan. While concrete comes with high embodied energy it can also help reduce a building's carbon footprint by making add-on elements like cladding unnecessary."

[smartcode_project:default project_id=1676 project_image_fid=268938]

Prioritising an ecologically sustainable development, Penny Lane achieves a 7.2 NatHERS rating, with energy-efficient double glazing, LED lighting, rainwater harvesting, and on-site 15Kw of renewable energy, making it a low maintenance and low impact development.

Each apartment has the kitchen as the heart of the home, well appointed with Miele appliances and stone benchtops, where homebuyers can choose between light or dark colour schemes.

The bedrooms feature built-in robes, while the bathrooms adopt an attractive neutral colour palette, maintaining a contemporary yet timeless aesthetic throughout.

Residents of Penny Lane also enjoy exclusive access to amenities on the level three podium garden, a full-line gymnasium, a private lounge, a designer kitchen, and dining rooms for social gatherings. Additionally, the level nine terrace provides expansive views and landscaped spaces.

&nbsp;

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The Penny Lane precinct also features Melbourne’s newest cinema complex complete with a luxury rooftop cinema, Platinum lounge and a range of cafes and casual dining options – the perfect place for a pre-movie dinner or a post-movie wine with friends.

Penny Lane is also conveniently located close to Moonee Valley Racecourse, the home of Australia’s most prestigious horse race, the Cox Plate, while also being just a few minutes from the Queen's Park, Moonee Valley’s oldest park that has a lake, a pool, cottage café, and an expansive gardens space.

[smartcode_project_cta:default project_id=1676]

"Penny Lane has been designed with longevity at the forefront of our thinking," Clarke Hopkins Clarke Architects Multi-residential partner Toby Lauclan says

Inside Giancorp's Moonee Ponds apartment development, Penny Lane

Veteran Gold Coast developer Morris Property Group welcomed buyers to their Burleigh Heads apartment development, Sandbar, late last year.

The timing of the completion, as well as a clever design of the floorplans toward the top of the tower, hit an undersupplied section of the market, in an area that has been one of the most popular Gold Coast suburbs in the last five years or so.

While <a href="/new-apartments/burleigh-heads-qld-4220">Burleigh</a> has been a hive of activity, particularly since the onset of COVID-19 in early 2020, the majority of the apartment developments are beachfront, whole floor, and can start anywhere around the $5 million mark.

Those that do have slightly more affordable stock are either all sold out, or not under construction, so they're still at least three years away from being realised.

<a href="/developers/morris-property-group">Morris Property Group</a> launched <a href="/buildings/sandbar-burleigh-heads-1969-1971-gold-coast-highway-burleigh-heads">Sandbar</a> in 2018, and its late 2023 completion has given them a competitive advantage of having the largest, and newest, three-bedroom apartments in Burleigh Heads.

[smartcode_project:default project_id=7013 project_image_fid=86642]

The apartments total nearly 190 sqm, with around 155 sqm of internal living space and a further 30 sqm of balcony space.

Morris Property Group designed the building in a way that the three-bed apartments fully maximise the coastal views, both north and south.

Morris Property Group Sales Director Travis Welsh says capturing significant view lines north and south is something a lot of other buildings can't offer.

"While prices always go higher on the beachfront, they don't offer the panoramic north-south views that we can," Welsh says.

"Because they're smaller buildings and half or full-floor apartments, the floorplan tends to prioritise the living, kitchen and dining rooms toward the front of the apartment facing the beach, keeping the bedrooms at the back. Every bedroom in our three-bedroom collection has significant ocean views, not just glimpses."

The three-bedroom apartments were designed to wrap around the front of the building, giving them extensive views and allow the maximum amount of natural light.

The three-bedroom apartments start from level 14, so they soar above any established buildings as well as any other developments that are currently in with the council.

<img alt="Sandbar" data-entity-type="file" data-entity-uuid="4940406f-c3e8-4dbb-9edc-9119070f53ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-12%20at%202.19.42%20pm.png?VersionId=gOF_kNhe6z1Yef7K49PsnsYGVSGp3Q_Y" />

Welsh says the large apartments typically suit a more mature demographic given their price point. He adds however they're still incredibly undervalued in a Burleigh market which has seen exponential growth in recent years.

"We've found that Sydneysiders in particular are still seeing a lot of value in the three-bedroom apartments," Welsh says.

"They're comparing Burleigh Heads to Bondi Beach, in terms of lifestyle and the lack of supply of new apartments, however, prices in Bondi can be double what we've got on offer for something much smaller."

[smartcode_project:default project_id=7013 project_image_fid=269973]

Welsh has fielded interest from several interstate buyers who have a view of three different uses for the apartment; a high-yielding holiday let, a holiday home for themselves, and a future retirement pad.

"Morris Property Group manages the whole building, so there's a level of ease when it comes to holiday letting that you don't get at other apartment developments," Welsh adds.

Residents at Sandbar have access to a suite of building amenities. The recreation deck features a swimming pool, fully-equipped gym, yoga deck, residents lounge, and a covered barbecue area.

The remaining three-bedroom apartments at Sandbar start from $3,449,900

[smartcode_project_cta:default project_id=7013]

Morris Property Group Sales Director Travis Welsh says capturing significant view lines north and south is something a lot of other buildings can't offer

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