Long-standing Gold Coast apartment developer Morris Property Group has surged past the halfway mark in sales on their Broadbeach apartment development, Crest Broadbeach.

<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest&nbsp;Broadbeach</a>, which marks Morris Property Group's eighth high-rise residential project in <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, tapped into the demand from owner-occupiers for new apartments in the sought-after Broadbeach postcode.

In the fourth quarter of 2023, Crest saw a total of 25 sales, with an average sale price of $1,089,000 per apartment.

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Designed by Canberra-based architectural firm <a href="/architects/guida-moseley-brown-architects">Guida Moseley Brown</a>, Crest offers a total of 182 two and three-bedroom apartments.

There will be a maximum of just five apartments per floor, with only three three-bedroom apartments per level on the building’s top three floors.

Residents will have access to extensive amenities on top of the building’s podium on level two, wrapped with terraces with seating and dining areas, featuring a pool, gym, lounge space and a communal barbecue area.

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The 40-level tower is positioned on Armrick Avenue, a prime location opposite the Broadbeach Bowls Club, adding to its appeal.

Crest Broadbeach will also be conveniently situated within 800 metres of the Broadbeach CBD, less than two kilometres from the Pacific Fair Shopping Centre and the <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise</a> CBD.

Construction of Crest Broadbeach is already underway and is scheduled for completion in September 2025.

<a href="/developers/morris-property-group">Morris Property Group</a>&nbsp;has been developing in the Gold Coast for the best part of four decades. Their Bondi Burleigh project, expected to launch later this year, will mark the developer's 20th apartment development in the Gold Coast.

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The 40-level tower is positioned on Armrick Avenue, a prime location opposite the Broadbeach Bowls Club, adding to its appeal

Staff Writer

Crest Broadbeach races to over 50 per cent sold

Sydney's affluent Lower North Shore is generally a region which is starved of apartment stock for the majority of the population.

Given the area's status as one of the priciest spots in Sydney, the majority of the apartments are half or full-floor, they sit close to the harbour, and they command prices often starting at around the $5 million mark.

It was this knowledge, pared with market feedback during the early stages of marketing of the new architecturally striking Willoughby development Willoughby Grounds, that developer First Quadrant Properties, who is working alongside funding partner&nbsp;<a href="/developers/qualitas">Qualitas</a>, went back to the Willoughby Council to create more four bedroom apartments.

[smartcode_project:default project_id=135512 project_image_fid=251218]

While already offering a handful, they sought to convert 20 apartments into 10, creating more large-scale, four-bedroom apartments that would give prospective buyers an opportunity to buy something that Willoughby hasn't seen before.

LINK Project Marketing Director Ben Hamblett made the recommendation to create larger apartments having fielded significant enquiry from those looking to buy two two-bedroom units.

Hamblett, who has sold a number of the four-bedroom apartments already, said they're a perfect market fit.

"Four-bedroom apartments don't exist in&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://c-jD404.na1.hs-sales-engage.com/Ctc/W2%2B23284/c-jD404/Jl22-6qcW7lCdLW6lZ3p-W4-pVY58fCxmFW3CvLxJ2bxwW9W2Hjm-j2mJhtsW7WLSfW991ZYZW6SPV5S8kg4KvW8HRg4H3DHX5TV45l0m5MsNP1W8lNk3-1knRSwW6H-_NV6BkslbW1hdgtl6mz3SnW3Tr1MH5BLfvNN7hLb4XpCcMwW5kp7_717N4xLW6d8DWm6MJgD5W1w06bX5CG8RSN4w4Ys_BzlJrW67dFpQ18Cf-7W25jF-s3DtNnvN17M1dSskjwZW6R-TQr8ttLnDMjV31Mgzk-rW2cL1951ZyRpBW7csltm7DmJFQW66rxK07wS40Kf3jrNkz04&amp;source=gmail&amp;ust=1711530027689000&amp;usg=AOvVaw25piQogND_39uC9ZjnACUn" href="https://c-jd404.na1.hs-sales-engage.com/Ctc/W2+23284/c-jD404/Jl22-6qcW7lCdLW6lZ3p-W4-pVY58fCxmFW3CvLxJ2bxwW9W2Hjm-j2mJhtsW7WLSfW991ZYZW6SPV5S8kg4KvW8HRg4H3DHX5TV45l0m5MsNP1W8lNk3-1knRSwW6H-_NV6BkslbW1hdgtl6mz3SnW3Tr1MH5BLfvNN7hLb4XpCcMwW5kp7_717N4xLW6d8DWm6MJgD5W1w06bX5CG8RSN4w4Ys_BzlJrW67dFpQ18Cf-7W25jF-s3DtNnvN17M1dSskjwZW6R-TQr8ttLnDMjV31Mgzk-rW2cL1951ZyRpBW7csltm7DmJFQW66rxK07wS40Kf3jrNkz04" target="_blank">Willoughby</a>, even in some of the other new developments. However there is a strong underlying demand for them," Hamblett says, adding that the only opportunity to buy four bedrooms is in the housing market, and that can cost upwards of $4 million.

"Even at that price, there are likely renovations and maintenance works that need to be considered, which some people can't afford. This four-bedroom product bridges that gap between getting something smaller and having to reach toward a house."

[smartcode_project:default project_id=135512 project_image_fid=251222]

Hamblett says there's a large cohort of buyers who aren't willing to downgrade either in terms of the size of the home or the location.

"With current interest rates and renovation costs, it is nearly impossible for many buyers to upgrade or purchase a quality family house in Willoughby. This recalibration of expectations is perfectly filled by the luxury house-sized apartments found at Willoughby Grounds. This is the way for the family buyers in Willoughby."

Indeed since the launch of the project, which will be delivered in five stages, reflective of the number of buildings there are in the mini-masterplan, over 20 per cent of the enquiry on Urban have been on the four-bedroom configurations, with a further 20 per cent on the large, 200 sqm three-bed apartments on offer.

[smartcode_project:default project_id=135512 project_image_fid=251213]

There will be around 160 apartments spread across the five buildings in Willoughby Grounds, with around 30 to 35 units in each building.

Mo Chehelnabi from Architecture Urbaneia has designed each building to pay homage to the&nbsp;unique industries that used to exist in the&nbsp;<a href="/developments/willoughby-nsw-2068">Willoughby</a>&nbsp;area; tanneries, pottery, blacksmiths, logging and brickworks.&nbsp;

The design brief was to allow the multi-layered architecture and flourishing natural landscape to work in unison to create a sense of serenity and connection to place.

[smartcode_project_cta:default project_id=135512]

LINK Project Marketing Director Ben Hamblett says there's a large cohort of buyers who aren't willing to downgrade either in terms of the size of the home or the location.

Joel Robinson

Buyers look for size on Sydney's Lower North Shore as large apartments snapped up at Willoughby Grounds

Leading Australian integrated property development group, <a href="/developers/aqualand-australia">Aqualand</a>, is reaping the rewards of the strong demand for luxury apartments in <a href="/new-apartments/sydney-nsw">Sydney</a>, achieving $100 million in sales for its AURA by Aqualand project in February 2024 alone.

The sales success has broken the North Shore record for the highest sales volume and revenue achieved in one month (not including the month a project launches). It's some 263 per cent higher than AURA's last biggest non-launch sales month, in April 2023 when they sold $40 million of apartments.

With the record-breaking performance of the <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">$1 billion luxury mixed-use tower</a> continuing in earnest, remarkably, March’s figures are currently on track to surpass February’s record. Month-on-month increases are expected until April, then steady until the project’s construction completion in June, when a substantial spike in sales is again expected.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=249157]

The record month further signifies strong buyer demand for the luxury project, which was initially demonstrated when over $100 million was transacted on its market launch day on 4 December 2021.

Aqualand’s Head of Sales and Marketing, Alex Adams, said the figure represented the biggest jump in sales activity on any project he’d experienced.

“Considering we hadn’t just launched the project or even released a new stage, this is by far the most impressive month I’ve seen in my career to date, and as far as we know it also exceeds every other project currently in market in Sydney, in terms of February’s sales volume,” he said.

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202656]

Adams believes February’s sales success can be attributed to a range of internal and external market factors.

“We’ve found potential buyers who had previously enquired, but weren’t quite ready to commit, have recently returned to the market. Those waiting to transact closer to the building’s completion have now seen its construction progress and have made the decision to buy,” Adams said.

“We also recently completed a number of stunning display apartments on levels six and ten of the building, which clearly showcase the outstanding build quality and high level of finishes.&nbsp;

“Our new year strategy to open the display apartments has definitely increased conversion.&nbsp;

“We’d always anticipated a spike in February and it’s pleasing that we outperformed our forecast. It’s even more pleasing that March is on track to outperform February."

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202991]

Aqualand has recently changed the buyer journey, moving&nbsp;AURA’s display showroom on-site which Adams says enables buyers to experience the actual building firsthand.

"Being in the completed building structure, in a brand-new showroom fit out, as opposed to overlooking it from across the street in our previous showroom, really builds confidence in the client’s mind," Adams said.

“We understand that luxury buyers, whilst they appreciate the off-the-plan offering, are less likely to transact until they can experience the quality, materials and our fanatical attention to detail firsthand. With this in mind, we’ve been encouraging as many prospective purchasers to visit the display apartments as quickly as possible, which also contributed to the jump in sales in February. This came down to properly maintaining historical enquiries over a length of time, on top of managing the newer ones."

Adams says external market factors, including the recent stability in interest rates and more talk about a cut rather than a hike, as well as a lack of competition and the continued growth in North Sydney.

“The ongoing transformation of <a href="/developments/north-sydney-nsw">North Sydney</a> is also becoming more obvious of late, with the new Victoria Cross Station so close to officially opening, and newer restaurant and retail offerings in the area. It’s clear to all that North Sydney’s evolution is on track, placing AURA in the right place at the right time,” Adam said.

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202995]

Families continue to be the lead clientele, while the stabilising interest rates, and the ability to now see the product at the new display apartments, is also attracting more investors, who are showing more interest in their searches.

“At AURA’s launch, the majority of clients were downsizers, but then families took over the buyer demographic. We’re seeing plenty of families choosing to make the decision to upscale, or as we call it, ‘right size’, into our generous three or four-bedroom apartments."

Recently, downsizers have come back, with more four-bedroom sales at around $7 million.

“With the housing market stabilising, and even increasing, they now have confidence selling their home. Also, with the interest rates steadying they can list their homes until they get the price they want. &nbsp;

“The timing couldn’t be better as this year is Aqualand’s 10th anniversary, and AURA was designed to showcase a defining project for Aqualand within our beautiful city. It’s the perfect project to celebrate the calibre of products we’ve brought to market over the last 10 years, so it’s exciting we’ll complete AURA during our 10th birthday.&nbsp;

“Having a decade in the market also instils confidence in our clients who are also encouraged to view the other high-end projects we’ve delivered. When they visit BLUE at Lavender Bay or <a href="/buildings/the-revy-pyrmont-8-darling-island-road-pyrmont">The REVY</a> in <a href="/new-apartments/pyrmont-nsw-2009">Pyrmont</a>, they can see the design and construction quality we’re now known for."

[smartcode_project_cta:default project_id=30959]

AURA by Aqualand achieves $100M in sales in February breaking second North Shore record for Aqualand 

AURA by Aqualand secures record $100 million in sales in February

Bespoke property developers Feltham Property Group are just two units away from a complete sell-out of their Taringa apartment project, Oakman Residences.

<a href="/new-townhouses/oakman-residences-27-union-street-taringa">Oakman Residences</a>, located on the border of the blue-chip suburbs of <a href="/new-townhouses/toowong-qld-4066">Toowong</a> and <a href="/developments/taringa-qld-4068">Taringa</a>, is set to welcome its residents this year. The development has garnered significant interest from local buyers in the area, who appreciate the unique qualities of this community.

Through retaining 90 per cent of the mature natives onsite, Oakman Residences connects and immerses itself with the heritage streetscape and the neighbouring parklands, delivering a boutique collection of just 24 homes.&nbsp;

Oakman Residences comprises 17 luxury, low-maintenance park-fronting three-bedroom townhomes, along with six full-floor three-bedroom sky homes. The latter are all sold out. The remaining townhouses start from $2.195 million.

[smartcode_project:default project_id=112924 project_image_fid=204785]

Designed by the Elizabeth Anderson-fronted <a href="/architects/hal-architects">Hayes Anderson Lynch</a>, in collaboration with Studio LMD in the interiors, the architecturally designed streetscapes that run through the site have been inspired by the iconic brickwork of Brisbane’s luxury retail and dining precinct, James Street. The timeless design intertwines with traditional Queenslander elements and modern interior fit-outs.

“Designed around the community, Oakman Residences has been crafted to create a sense of privacy and seclusion to each of the dwellings, while feeling protected and nestled within a community,” says Anderson.

[smartcode_project:default project_id=112924 project_image_fid=204777]

The residences are built to the highest standards with solid concrete walls and slabs and feature timber flooring and extra high ceilings in the living area, Bosch appliances in the kitchen, and New Zealand wool carpet in the bedroom. &nbsp;

Additionally, oversized balconies extend the living spaces, providing views of the parklands, while a butler's pantry complements the kitchen setup.

Homeowners can choose from two colour scheme options, both featuring a neutral palette designed to serve as the ideal blank canvas for adding their personality.

[smartcode_project:default project_id=112924 project_image_fid=204779]

The Union Street development is immersed in the suburb’s greenery, boasting resort-style landscaping as well as a curated selection of amenities taking a prime north-east position.

The crown jewel of the development is Kaieta House, an 1890s Federation Queenslander that is being fully restored as part of the development, complete with all the latest fixtures and finishes.&nbsp;

[smartcode_project:default project_id=112924 project_image_fid=204782]

The project also features a circular infinity edge pool, with submerged sun lounges and a Baja shelf, along with a floating timber deck and fire pit with a retained mature native gumtree, a sky terrace with dining and seating overlooking the park, and an outdoor resident’s kitchen with barbecue facilities and a teppanyaki station.

Nestled near Brisbane Boys College, Oakman Residences is conveniently located within walking distance of cafes, restaurants, public transport, and the Brisbane River, making it an attractive prospect for those seeking a luxurious yet connected lifestyle in Taringa.

The development is nearing completion, with construction expected to finish in the middle of this year.

[smartcode_project_cta:default project_id=112924]

Oakman Residences comprises 17 luxury, low-maintenance park-fronting three-bedroom townhomes, along with six full-floor three-bedroom sky homes

Oakman Residences in Taringa approaches sell-out 

Following its recent topping out, GALERIE, the newest apartment development in Glen Iris, has hit another major milestone.

Over 70 per cent of the 29 two and three-bedroom apartments have been sold, as construction advances towards a late 2024 completion.

[smartcode_project:default project_id=112375 project_image_fid=256710]

Developer <a href="/developers/lds-property">LDS Property</a>, who is currently offering a five per cent deposit on the apartments for a limited time, has quietly managed to create a project which puts more confidence in the off the plan apartment market.

Read more:&nbsp;<a href="/news/vic/big-four-backed-under-construction-how-lds-property-have-de-risked-galerie-apartments-in-glen-iris">Big Four-backed, under construction: How LDS Property have de-risked GALERIE apartments in Glen Iris</a>

One of the rare developments on the market backed by a Big Four bank, GALERIE is being built by high-end, award-winning construction company&nbsp;<a href="/builders/iurada">Iurada</a>.

[smartcode_project:default project_id=112375 project_image_fid=250354]

The main building structure is all but complete, with windows being installed this month before Iurada shifts its focus to the internal fit-out of the apartments.

The development drew early interest from local downsizers and&nbsp;empty nesters seeking to remain within the <a href="/developments/glen-iris-vic-3146">Glen Iris</a> area. Last year&nbsp;a buyer opted to amalgamate two of the top floor apartments to create one large apartment, spending just over $4 million and setting new suburb record.

Read more:&nbsp;<a href="/news/vic/glen-iris-apartment-price-record-smashed-with-galerie-penthouse-sale-just-shy-of-4-million">Glen Iris apartment price record smashed with Galerie penthouse sale just shy of $4 million</a>

[smartcode_project:default project_id=112375 project_image_fid=250361]

Designed by <a href="/architects/ewert-leaf">Ewert Leaf</a> and complemented by landscaping from <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a>, GALERIE boasts a low-rise structure that distinguishes itself with a dynamic asymmetrical facade.&nbsp;

The building, located on High Street, features expansive landscape courtyards or elevated balconies that provide panoramic views of the metropolitan area.

<a href="/project-marketer/projects-by-buxton">Projects by Buxton</a> is marketing GALERIE.

[smartcode_project_cta:default project_id=112375]

One of the rare developments on the market backed by a Big Four bank, GALERIE is being built by high-end, award-winning construction company Iurada

Under construction Glen Iris apartment development GALERIE hits 70% sold

International property developer Sunnyland Investment Development Group has reached a significant milestone at its St Kilda Road apartment development, Park Quarter.

They've sold 90 per cent of the apartments in the new development which integrates Marriott Executive Apartments, one of the first in Australia.

They will sit below 244 apartments which start from level six. Levels 17 and 18 feature four penthouses, each boasting a private rooftop terrace complete with a pool and spa.

Late last year one of the penthouses sold for $13 million.

Read more:&nbsp;<a href="/news/vic/sidg-secure-13-million-penthouse-sale-at-park-quarter-on-st-kilda-road">SIDG secure $13 million penthouse sale at Park Quarter on St Kilda Road</a>

[smartcode_project:default project_id=134959 project_image_fid=210774]

Demolition at&nbsp;474 St Kilda Road will commence shortly, with a builder announcement expected to come soon after.

The robust response to Park Quarter has been underscored by its appeal, situated in one of Melbourne's prime locations along St Kilda Road.&nbsp;

<a href="/project-marketer/colliers">Colliers</a> Director Zoe Powell emphasised the rarity of such opportunities in the area, stating, "There's not been a lot of new development on St Kilda Road in the last few years. There's limited opportunity to buy brand new, certainly in this pocket across the road from Albert Park."

Read more:&nbsp;<a href="/news/one-of-melbournes-first-project-launches-in-three-years-unpacking-sunnylands-park-quarter-with-colliers-director-zoe-powell">One of Melbourne's first project launches in three years: Unpacking Sunnyland's Park Quarter with Colliers Director Zoe Powell</a>

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/nByQY7kyCGM?si=1siGYZTmHvmiv7uG" title="YouTube video player" width="560"></iframe>

<a href="/new-apartments/park-quarter-melbourne-474-st-kilda-road-melbourne">Park Quarter</a>, a distinctive tower draped in greenery and designed collaboratively by <a href="/architects/cox-architecture">Cox Architecture</a>, <a href="/architects/dko-architecture">DKO</a>, <a href="/architects/carr-design">Carr</a>, and <a href="/landscape-architect/paul-bangay-garden-design">Paul Bangay</a>, drew inspiration from the nearby Fawkner Park.&nbsp;

Residents of the development can opt for a club membership subscription, granting them access to the Marriott amenities.&nbsp;

In addition to the hotel offerings, residents will enjoy their own set of amenities, ranging from a 24/7 concierge, pool, gym, and co-working spaces to a theatre room, golf simulator, pet wash room, mud room equipped with a high-pressure wash machine, and smart parcel lockers.

Completion of Park Quarter is slated for late 2026.

<a href="/developers/sidg">Sunnyland Investment Development Group</a>&nbsp;has owned the St Kilda Rd site for a number of years.

[smartcode_project_cta:default project_id=134959]

Completion of Park Quarter is slated for late 2026

Park Quarter on St Kilda Road 90% sold as construction commencement approaches

Developer Piety Group has achieved a complete sell-out in their <a href="/developments/wentworth-point-nsw-2127">Wentworth Point</a> apartment development, ONE The Waterfront.&nbsp;

All of the 273 one, two and three-bedroom apartments at the Amalfi Drive development, a collaboration between <a href="/developers/piety-group">Piety Group</a>, <a href="/interior-designers/turner-studio">TURNER STUDIO</a>, <a href="/architects/stanisic-architects">Stanisic Architects</a>&nbsp;and <a href="/landscape-architect/urbis">Urbis</a>, have now sold.&nbsp;

Read more:&nbsp;<a href="/news/nsw/why-were-onto-our-third-one-the-waterfront-apartment-in-wentworth-point-urban-buyer-q-a">Why we're onto our third ONE The Waterfront apartment in Wentworth Point: Urban Buyer Q&amp;A</a>

[smartcode_project:default project_id=5751 project_image_fid=209824]

&nbsp;

ONE The Waterfront features a number of resort-style facilities including a&nbsp;swimming pool, a fee-free commercial gym, tennis courts, and an outdoor rooftop cinema. Additionally, residents have access to CLUB ONE, a community centre equipped with another private cinema.

[smartcode_project:default project_id=5751 project_image_fid=195415]

The location was a big plus for buyers. The project sits near&nbsp;Homebush Bay and is within walking distance of the Olympic Park Train Station. It's also adjacent to Bay Park's expansive parklands, featuring amenities such as a children's playground, fitness station, and additional barbecue facilities.

<a href="/project-marketer/laver-residential-projects">Laver Residential Projects</a>&nbsp;took over sales at <a href="/buildings/one-the-waterfront-17-amalfi-drive-wentworth-point">ONE The Waterfront</a>, selling 181 of the apartments.

[smartcode_project_cta:default project_id=5751]

Laver Residential Projects took over sales at ONE The Waterfront, selling 181 of the apartments

Piety Group sell out ONE The Waterfront in Wentworth Point

Off the plan apartment sales continued to flow in the Gold Coast at the back end of last year, with the latest data from Urbis reporting 236 apartment sales in Q4 2023.

<a href="/new-apartments/gold-coast-qld">Gold Coast</a> Central Precinct remained the city’s most active precinct, with the highest number of apartment sales achieved in the $500 million <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">Vista</a> residential tower in Surfers Paradise, being developed by the&nbsp;Malaysian conglomerate <a href="/developers/mrcb">MRCB</a>.

A total of 46 apartments were sold in Vista for a total value of more than $60 million at an average weighted sale price of $1.434 million. The number of sales was almost twice the number of the next best performing project, Marina Point at Hope Island.

Marina Point secured 26 apartment sales, at an average price of $1.4 million, while Morris Property's&nbsp;<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a>&nbsp;saw 25 sales at an average $1,089,000.

[smartcode_project:default project_id=112024 project_image_fid=241132]

Mosaic's luxury <a href="/new-apartments/isabel-by-mosaic-96-the-esplanade-burleigh-heads">Isabel project on the Burleigh Heads beachside</a> was fourth with an average sale price of $3.8 million.

Urbis director Paul Riga said the sales showed a continued strong demand for apartments across the Gold Coast, particularly along the traditional beachside strip between <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>, and <a href="/new-apartments/burleigh-heads-qld-4220">Burleigh Heads</a>.

“We’re seeing consistent sales results being achieved along the Gold Coast despite the current interest rate environment, and we think this reflects a solid level of local buyer interest as well as the continued migration from the southern states and those downsizing from existing homes into apartment living,” said Mr. Riga.

The Q4 data is consistent with the 288 sales in Q1 2023 and 211 in Q2. There was a sales spike in Q3 when there were 470 sales.

Read more:&nbsp;<a href="/news/qld/gold-coast-apartment-sales-jump-in-q3-2023-urbis">Gold Coast apartment sales jump in Q3 2023: Urbis</a>

Riga said rising construction costs, which were impacting the viability of projects, had constrained supply but those with the delivery capability and experience to take projects to the market and construct were continuing to launch new projects.

Vista has been a standout performer in the Gold Coast market with almost half of the 280 apartments in the project sold for a total value of $170 million.

[smartcode_project:default project_id=112730 project_image_fid=211248]

Vista sales agent Matt George, who heads the national agency Urban Activation which sells high-end projects across Australia, said the sales in Vista reflected a ‘flight to quality’.

“Buyers are more aware and searching for well-funded developers undertaking well-finished high-quality projects in good locations near the beach with a guaranteed commencement of construction and delivery by a tier one builder,” George said.

“The developers of Vista are a solid multi-national company with a large balance sheet and the project they have introduced in Vista is of premium quality, designed by renowned local architects DBI.

“These factors have certainly come to the fore over the last 12 to 18 months.”

[smartcode_project_cta:default project_id=112730]

The Q4 data is consistent with the 288 sales in Q1 2023 and 211 in Q2. There was a sales spike in Q3 when there were 470 sales.



Gold Coast apartment sales remain strong as Vista Surfers Paradise and Crest Broadbeach stand out

Sydney developer ALAND has sold the last of its 289 apartments at Carson on the Park in St Marys, just as the project reaches completion.

The $170 million masterplanned community, the first of its kind in St Marys, sits on a one-hectare site in the heart of the town centre and contains a mix of one, two and three-bedroom apartments across four eight-storey buildings.&nbsp;

With prices ranging from $495,000 for a one-bedroom apartment to $722,500 for a three-bedroom apartment, the project has attracted interest from buyers across Greater Sydney with over 50 per cent sold to first-home buyers and 41 per cent sold to investors.&nbsp;

&nbsp;

<img alt="Carson" data-entity-type="file" data-entity-uuid="5b8c9ae4-5ed2-4d04-af63-f260868d2657" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-16%20at%202.36.57%20pm.png?VersionId=dOGNqSuOY_KWDeteFuGVZWpAokWkR3SC" />

ALAND Chief Executive Officer George Tadrosse says the positive response to Carson on the Park vindicated ALAND’s commitment to build affordable, quality housing in areas of high growth and comes at a time when Australia faces an acute shortage of new housing.&nbsp;

“When we announced the project in July 2022, we quickly sold over 100 apartments off-market and continued to see strong demand right up until completion. To see that amount of interest, particularly from first home buyers, is proof that we’re delivering homes that people want,” he said.&nbsp;

“This development is a prime example of what we stand for -- a strategically positioned and well built property that gives people the ability to live in a high-quality home, but also take the opportunity to create a property portfolio.”&nbsp;

The federal government has set a target of building 1.2 million new dwellings between now and 2029, but the NSW Premier Chris Minns has already admitted that the state will struggle to meet its goal of building 75,000 new houses and apartments each year.&nbsp;

Carson on the Park is located close to St Marys Village Shopping Centre and several parks and reserves, plus an abundance of schools, shopping and medical facilities, positioning it as an ideal place to live and also as a sound investment opportunity. &nbsp;

<img alt="Carson" data-entity-type="file" data-entity-uuid="0c161de1-90a9-479f-8b4e-f11d7918d424" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-16%20at%202.37.12%20pm.png?VersionId=2fwjl3i_QayJvD0wlDTZsnG0DrXlQgTb" />

The development includes communal outdoor spaces with barbecue areas and a children’s playground. Each apartment features a spacious balcony or courtyard with state-of-the-art kitchens fitted with energy-efficient Fisher &amp; Paykel appliances and stone benchtops.&nbsp;

ALAND Head of Sales Scott Rudgley says the success at Carson on the Park is indicative of the underlying strength of the Western Sydney residential property market.&nbsp;

“It’s been fantastic to see the project sell out at completion. This a testament to the community’s trust in ALAND and the Western Sydney market generally,” he said.

St Marys is one of the major beneficiaries of more than $20 billion worth of NSW Government investment earmarked for Western Sydney, with several major civic, health, retail, and transport projects due to be completed within the next few years.&nbsp;

“People see enormous opportunity in this location on the back of several major infrastructure projects, including the new metro line and Western Sydney International Airport,” said Mr Rudgley.&nbsp;

Established over 20 years ago, ALAND is known for delivering high-quality, mixed-use developments in fast-growing regions across Western Sydney and NSW Central Coast.&nbsp;

The multi-disciplinary development and construction company has a pipeline of more than 6,500 apartments throughout Greater Sydney and the NSW Central Coast, with over 1,300 apartments currently under construction.&nbsp;

[smartcode_project_cta:default project_id=13486]

ALAND Chief Executive Officer George Tadrosse says the positive response to Carson on the Park vindicated ALAND’s commitment to build affordable, quality housing in areas of high growth and comes at a time when Australia faces an acute shortage of new housing

First home buyers and investors snap up new St Marys apartments

Queensland boutique property developer Spyre Group&nbsp;has sold half the units of its luxury New Farm apartment development Moray House, including a record-breaking penthouse sale.

<a href="/new-apartments/moray-house-65-moray-street-new-farm">Moray House</a> comprises a total of only six full-floor, four-bedroom apartments with uninterrupted views of the Story Bridge, <a href="/new-apartments/brisbane-qld">Brisbane</a> CBD, <a href="/new-apartments/kangaroo-point-qld-4169">Kangaroo Point</a> and <a href="/new-apartments/east-brisbane-qld-4169">East Brisbane</a>.&nbsp;Prices start from $9 million.

“The starting price of $9 million owed itself to the development’s exceptional location and craftsmanship,” <a href="/developers/spyre-group">Spyre Group</a> Director Andrew Malouf said.

[smartcode_project:default project_id=105057 project_image_fid=209775]

Designed by <a href="/architects/bureauproberts">bureau^proberts</a>, Moray House's exterior design communes with the surrounding Jacaranda trees, creating an atmosphere described as “akin to living in a tree house’’. Distinguished by full floor-length garden beds, the exterior transitions in hues with the changing seasons, amplifying its organic connection to nature.

Moray House offers Brisbane's largest full-floor residences, boasting expansive living spaces of up to 459 sqm and approximately 27 metres of direct river-frontage.&nbsp;

The interiors are appointed with the highest quality finishes, including Chambord stone, European Oak Herringbone floors, bespoke timber joinery, Italian natural stone, &nbsp;and custom lighting by James Walsh and SOKTAS.

[smartcode_project:default project_id=105057 project_image_fid=209770]

Residents will enjoy indoor-outdoor living via open-plan living areas leading out to spacious covered terraces overlooking the Story Bridge, perfect for entertaining or simply soaking in the breathtaking views.&nbsp;

The kitchen features a sculptural natural stone island bench as a centrepiece and is well-appointed with premium appliances by WOLF, Liebherr, and VZUG.

The master suite occupies over 50 sqm with a custom walk-in wardrobe and an ensuite with Brisbane’s city skyline as its backdrop.

“Each apartment can be individually curated for the new owners with custom components that allow their homes to truly classify as ‘one of one’," Malouf added. Custom options include a sky garage, wellness room, gym, media room, his and hers study, and a wine cellar.

[smartcode_project:default project_id=105057 project_image_fid=209774]

There will be two apartments with the sky garage feature. The residents of the apartments will be able to pull in off Moray Street, enter a remote-controlled car lift, and drive into their garage in their apartments above the Brisbane River.

“The sky garage will appeal to luxury vehicle enthusiasts who want privacy as well as the additional security of garaging their car in their apartment rather than using regular basement parking,’’ Malouf added.

Situated at 65 Moray Street, Moray House offers direct access to the <a href="/developments/new-farm-qld-4005">New Farm</a> Riverwalk and Brisbane's best metropolitan amenities right at its doorstep.

Construction is already underway, with Spyre Group calling on&nbsp;<a href="/builders/contrast-constructions">Contrast Constructions</a> to handle the build. Moray House is expected to complete in 2025.

[smartcode_project_cta:default project_id=105057]

Construction is already underway, with Spyre Group calling on Contrast Constructions to handle the build. Moray House is expected to complete in 2025.

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