Off the plan apartment sales jumped in Q3 2023, according to consulting firm Urbis.

Their Apartment Essentials report showed a jump in sales from 200 in Q2 2023 to 470 in Q3 2023, primarily driven by sales in the Gold Coast Central area.

Read more: <a href="/news/qld/gold-coast-apartment-sales-jump-in-q3-2023-urbis">Gold Coast apartment sales jump in Q3 2023: Urbis</a>

There's still a healthy supply of apartments in the Central area however, with just over 1,200 for sale. It's the Gold Coast Fringe area which is starved of stock, after the best performing project in the Gold Coast sold out all of its first stage.

<img alt="Gold Coast" data-entity-type="file" data-entity-uuid="fc864b01-b223-4cbd-82bf-f21d5a4ffde0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-29%20at%203.57.48%20pm.png?VersionId=qByITmF_kHTRsHRi9nOr7kbWR3Fs.Zri" />

We've taken a look at the top five best performing projects across the Gold Coast

<h3>1. Cienna Varsity Ridge, Varsity Lakes</h3>

The top performing new and off the plan apartment project in the Gold Coast was the first stage of Homecorp's Cienna Varsity Ridge community in Varsity Lakes.

There were 85 sales in Q3 2023, which took the first stage of 257-apartments to a sell out. The second stage will bring a further two buildings.

The four-building project has been designed by BDA and will consist of four separate&nbsp;connected across a central podium featuring landscaping, lawns, a pool, and other communal amenities.

<img alt="Gold Coast" data-entity-type="file" data-entity-uuid="c9870445-da86-4dba-a770-de444880384b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-29%20at%203.50.22%20pm.png?VersionId=5lKAgmGQEExYjeRxSZVG2Jm88mU2ejRr" />

The project will have 446 apartments across the buildings, with one-bedroom plus media rooms and two-bedroom apartments on offer.

<h3>2. Vista, Surfers Paradise</h3>

Vista, the debut Surfers Paradise apartment development by Malaysian/Melbourne developer MRCB, saw 80 of its 280 apartments sold in the third quarter of 2023, at an average price of $1,013,138.

The 51-level development comprises 280 one, two and three-bedroom apartments priced from $890,000.

[smartcode_project:default project_id=112730 project_image_fid=211248]

In line with prioritising residents' well-being, 26 Vista boasts lifestyle amenities such as a yoga deck and a cycle room, a gym and a pool. It in fact will have the highest resident swimming pool in Surfers Paradise in the $15 million penthouse.

The building is&nbsp;all-electric, with no gas, and a low carbon footprint proposition.

[smartcode_project:default project_id=112730 project_image_fid=209972]

The development is just a short walk north to Surfers Paradise and south to Broadbeach.

There are 187 apartments still available in 26 Vista.

<h3>3. Lagoon Sunrise Tower</h3>

Lagoon, the two-tower project by Jon Drew's Drew Group, had strong success from both its towers. The Sunrise Tower edged out sales of the Sunset Tower, securing 77 sales at an average price point of $1,415,260.

The Sunrise Tower, spanning 31 levels, offers a mix of two and three-bedroom apartments, along with Drew Group's Signature Collection residences.&nbsp;

[smartcode_project:default project_id=108747 project_image_fid=190743]

Positioned in the centre of Main Beach, Lagoon Main Beach will reside just a stone’s throw from the Gold Coast’s premier lifestyle destinations and high-class dining precincts.

Currently under construction, the Sunrise Tower has less than half of its 66 units remaining.

<h3>4. Lagoon Sunset Tower</h3>

Not far behind was the neighbouring tower which sold 30 fewer apartments at 47 averaging $1,171,809 sale price.

Rising 24 levels, the Sunset Tower features 116 apartments with one, two, and three-bedroom configurations, providing unobstructed views of the Broadwater, Hinterland, and Southport Marina. Although it had fewer sales than the Sunrise Tower, Sunset Tower only has 69 units available.

[smartcode_project:default project_id=108747 project_image_fid=221590]

This fully-funded twin-tower apartment complex comprises 259 apartments, including 12 premium sky homes and three dual-level penthouses from the Signature Collection.

Families, retirees, upsizers and downsizers, along with their pets, are welcome at Lagoon Main Beach to enjoy a luxury resort-style indulgence right at home.&nbsp;

[smartcode_project:default project_id=108747 project_image_fid=221589]

All residents of Lagoon will have access to the podium-level amenities, featuring a barbecue garden with designer cooking stations, a fully equipped function lounge, a fitness centre with a connected yoga terrace, and a 24/7 network-connected boardroom designed to meet the flexible co-working needs of today.

Lagoon is currently under construction, with an estimated completion date of December 2025.&nbsp;

<h3>5. Crest Broadbeach</h3>

Morris Property Group's Crest Broadbeach secured 41 sales in its Broadbeach apartment development on Armrick Avenue.

There are over 150 apartments in the 37-level project which has prices from $899,000.

<img alt="Crest Broadbeach" data-entity-type="file" data-entity-uuid="3616a1c0-fc17-4c3a-a1ea-68a0be37ea21" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-29%20at%204.08.34%20pm.png?VersionId=V9gJi.yD6jXAloxegSnWOE7qIsGk9Bz_" />

They had&nbsp;Canberra architecture firm Guida Moseley Brown design the tower which also features three podium levels an whole amenity level above.

That level,&nbsp;wrapped in terraces with seating and dining areas, features a pool, gym, lounge space, a private barbecue and dining space which can be hired, and a communal barbecue area.

Read more:&nbsp;<a href="/news/qld/morris-property-group-set-for-crest-broadbeach-apartments">Morris Property Group set for Crest Broadbeach apartments</a>

There's still a healthy supply of apartments in the Central area, with just over 1,200 for sale

Joel Robinson

The Gold Coast's top selling off the plan apartment developments in Q3 2023: Urbis

Australian developer <a href="/developers/golden-age-group">Golden Age</a> has recorded over $40 million in sales for its recently launched Box Hill South project, <a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a>.

Since launching to market last month, over 60 per cent of Stage 1 townhomes have been snapped up, with the project’s cost-saving sustainability measures a key drawcard.

Located at <a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">15 Hay Street</a>, <a href="/developers/golden-age-group">Golden Age</a>, together with Cox Architecture, has developed a residential masterplan that will see the delivery of 143 townhomes and provide 13,000 sqm of dedicated green space.

The majority of purchasers have been families aged in their mid 30s to 40s looking for properties within the <a href="/new-townhouses/box-hill-south-vic-3128">Box Hill</a> school zone, as well as individuals in their mid 20s to mid 30s looking to upgrade their lifestyle from smaller apartments and townhomes.

[smartcode_project:default project_id=104627 project_image_fid=222319]

As the cost of living continues to climb, purchasers are looking for features that will help them to save on energy bills and improve their carbon footprint. <a href="/developers/golden-age-group">Golden Age</a> has factored in a variety of sustainability initiatives into the luxury townhomes, including rooftop solar panels, provision for fast EV charging, energy-efficient heating and cooling, filtered rainwater connection to irrigation and utilities, to name a few.

Residents will also have access to an abundance of green open space for exercise and immersion in the natural surrounds.

[smartcode_project:default project_id=104627 project_image_fid=222321]

<a href="/developers/golden-age-group">Golden Age</a> Chief Investment Officer Bing Chen said Golden Age’s vision is to dream, plan and deliver the most exciting housing communities within <a href="/new-townhouses/box-hill-south-vic-3128">Box Hill.</a>

“<a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a> is one of the most significant developments within the booming suburb and it delivers a visionary, enduring, future-ready lifestyle through a dedication of weaving environmental sustainability into each and every home. It was important for these townhomes to be sustainable without compromising on luxury, offering a blueprint for a greener and more sustainable future.”

[smartcode_project:default project_id=104627 project_image_fid=222322]

The project also embodies urban design principles that aim to reintegrate the site back into its surroundings, complementing the existing fabric and making a positive contribution and lasting legacy for the neighbourhood and its local community.

The well-considered townhomes, with interiors by leading interior designer MIM design, range in size from three-bedroom to four-bedroom with two premium colour schemes available.

The <a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a> site was formerly home to Hays International College and is positioned next to Wembley Park, Box Hill Soccer Club, Box Hill Golf Club and the Gardiners Creek Trail.

[smartcode_project_cta:default project_id=104627]

Since launching to market last month, over 60 per cent of Stage 1 townhomes have been snapped up, with the project’s cost-saving sustainability measures a key drawcard

Golden Age secure $40 million in sales at nature-fuelled Box Hill South townhouse development, Wembley Hill

National developer Urbex is approaching the sellout of its luxury Manly residential development, The Wellington Collection.

They've sold out each of the six apartments in the Wellington Street building, leaving just two townhomes remaining for sale. The last apartment in the building sold for $2.6 million.

Scaffolding is expecting to come down in the next few weeks, with construction slated for early next year.

[smartcode_project:default project_id=113253 project_image_fid=207573]

“Manly already has significant value in its lifestyle offering, so it was important for any project introduced into the suburb to hit the mark with trade up or down owner-occupiers from interstate, the Sunshine Coast and Brisbane,” Craig Covacich, General Manager of Urbex Realty, said.

Covacich said the slowdown in the real estate sector off the back of interest rate hikes has not mitigated the severity of an undersupplied housing market, magnified by the turbulence developers have had to navigate to deliver their projects.

"Supply chain and labour cost issues have placed many builders and developers in financial distress, some of which have collapsed, and consumers are cautious when purchasing off the plan,"&nbsp;Covacich said.

[smartcode_project:default project_id=113253 project_image_fid=207574]

Urbex has its own building division, JMac Constructions, which&nbsp;Covacich says provides a&nbsp;point of difference and grants the business a level of resilience and flexibility.

Covacich believes the townhouse model may also be a solution to the high demand given the housing supply crisis in South-East Queensland.

“With the rise in the population in Queensland and changes to what consumers want in their homes, there is a shift in what the ‘Australian dream’ home looks like. In the past, this was a large block, four-bedroom house and a big backyard. Many are opting for building upwards, rather than outwards, and cutting out the fourth bedroom and investing those saved funds into shaping the urban space and amenities within the dwelling."

The Wellington Collection’s remaining two townhomes span over 460 sqm internally and have three bedrooms, a multi-purpose room, three car spaces, a workshop, an internal lift, and a private plunge pool.

[smartcode_project_cta:default project_id=113253]

Scaffolding is expecting to come down in the next few weeks, with construction slated for early next year

The Wellington Collection approaches sellout as construction advances toward completion

Owner-occupiers have responded to <a href="/new-apartments/south-yarra-house-49-55-claremont-street-south-yarra">South Yarra House</a>, the new architecturally significant South Yarra apartment development by local developer Wattletree, who have announced they've sold 60 per cent of the apartments in the SJB-designed, Art Deco-influenced building.

Wattletree, SJB and interiors expert Hecker Guthrie took&nbsp;inspiration from South Yarra's iconic Art Deco and Spanish mission homes, as well as apartment blocks merged with a timeless New York tower aesthetic, to bring the likes of which the popular inner-city suburb hasn't seen before.

[smartcode_project:default project_id=112970 project_image_fid=214724]

With a predominantly brick and concrete façade, the architects have strategically prioritised unobstructed views to the north while ensuring the building's thermal efficiency and solar performance.

Read more: <a href="/news/vic/a-return-to-south-yarra-grandeur-and-refinement-how-sjb-designed-south-yarra-house">"A return to South Yarra grandeur and refinement": How SJB designed South Yarra House</a>

The 20-level gridded tower comprises three floors dedicated to commercial and retail spaces on the lower levels.

[smartcode_project:default project_id=112970 project_image_fid=214702]

Atop the podium are 58 apartments spread across a maximum of five units per floor. To top it off, residents can access a communal rooftop to enjoy panoramic views.

The $190 million project sits in a 1,000 sqm site before Melbourne High School's football ground, giving it never-to-be-built out views given the heritage protection order over the school grounds.

Read more:&nbsp;<a href="/news/vic/how-south-yarra-house-represents-the-rarest-of-opportunities-in-the-inner-city-suburb">How South Yarra House represents the rarest of opportunities in the inner-city suburb</a>

[smartcode_project:default project_id=112970 project_image_fid=214718]

Future residents of <a href="/new-apartments/south-yarra-house-49-55-claremont-street-south-yarra">South Yarra House</a> will be well positioned to take advantage of everything South Yarra has to offer.

The South Yarra Station is a five-minute walk, while restaurants, cafes and bars are even closer.

Read more:&nbsp;<a href="/news/vic/south-yarra-inner-city-living-on-the-fringe-of-melbourne">South Yarra: Inner city living on the fringe of Melbourne</a>

<a href="/new-apartments/south-yarra-house-49-55-claremont-street-south-yarra">South Yarra House</a> is slated for completion in late 2025.

[smartcode_project_cta:default project_id=112970]

The 20-level gridded tower comprises three floors dedicated to commercial and retail spaces on the lower levels

Staff Writer

South Yarra House apartment development hits 60% sold

Melbourne-based Hirsch &amp; Faigen is edging closer to a sellout of its $350 million debut Gold Coast portfolio, with two projects nearing completion and construction of a third well under way.

Their first Gold Coast project, Hemingway Palm Beach, sold out a while ago, and their beachside Emerson Kirra is just the penthouse away from too being all sold. Both of those projects are under construction, and both will be completed in the next six months.

Hirsch &amp; Faigen's latest project, the $200 million Yves Mermaid Beach – is 90 per cent sold, with the company confident that it will sell the remaining apartments in coming months.&nbsp;

All three developments are currently under construction by one of Queensland’s largest and most reputable builders in the industry, Hutchinson Builders, with Hemingway and Emerson both topped out.

[smartcode_project:default project_id=106646 project_image_fid=184792]

Yves Mermaid Beach, Hirsch &amp; Faigen’s largest development to date in Australia’s premier lifestyle market, is currently taking shape with construction reaching the ground floor level following the recent completion of the basement carparking.

Hirsch &amp; Faigen director Daniel Faigen says with all three projects under construction simultaneously, the development group has given a clear signal of its commitment to the Gold Coast market since first exploring opportunities in the city several years ago.

“When we entered the Gold Coast market with our first project in early 2021, we did so with a great deal of confidence that we could replicate the quality we are renowned for in Melbourne on the Gold Coast, but with that distinctive coastal style that buyers in the region expect,” Faigen said.

“With our debut development Hemingway Palm Beach selling rapidly, our faith in the Gold Coast was further affirmed by the success of Emerson and Yves.

“We have been especially proud that apartment buyers have recognised our reputation for project delivery, which has helped drive our sales success across all three projects.”

[smartcode_project:default project_id=102451 project_image_fid=186081]

Hirsch &amp; Faigen has just one apartment remaining at the nearly completed Emerson Kirra – a full-floor penthouse that sits atop the 13-level residential tower in the heart of the southern Gold Coast’s most sought-after beachside suburb.

The penthouse, which offers unrivalled ocean and city skyline views, is on the market at $10 million following the sell-out of the 26 half-floor apartments in the development.

Yves Mermaid Beach, which comprises a total of 146 luxury apartments over 25 levels, has just seven residences left comprising five two-bedroom apartments and two penthouses.

Hirsch &amp; Faigen Sales Director Matt George said&nbsp;Yves is still generating strong interest from a broad range of buyers looking for the lifestyle afforded by this exclusive pocket of Mermaid Beach, just a stroll away from Pacific Fair and the Broadbeach entertainment precinct.

[smartcode_project:default project_id=102451 project_image_fid=186079]

“We’ve witnessed strong sales from southerners who are seeking generous living spaces where they can be host to visiting family. Whereas, on the other end of the scale, we’ve been inundated by sales from local buyers who are looking to downsize from a house to an apartment, without compromising the Gold Coast lifestyle they love.”

“Given the rapid pace with which apartments have been purchased to date, we expect the remaining apartments to sell out this year.”

Apartments at Yves are priced from $1.05 million to $1.3 million, with the penthouses priced from $5 million to $6.5 million.

The success of its debut Gold Coast projects has whetted the appetite of Hirsch &amp; Faigen for future developments in the city.

“Our team is always reviewing opportunities across the territories in which we operate, and the Gold Coast will remain a focus for us in future,” Faigen said.

All three developments are currently under construction by one of Queensland’s largest and most reputable builders in the industry, Hutchinson Builders

Hirsch & Faigen edge closer to sell out of debut of Gold Coast apartment developments

<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK by Beulah</a>, the landmark <a href="/new-apartments/southbank-vic-3006">$2 billion Southbank project</a> set to change the Melbourne skyline, has sold 80 per cent of its apartments even before it's started its build.

The two twisting towers on Southbank Boulevard will home 705 apartments, as well significant health, wellness, and social facilities for residents, a Four Seasons Hotel Melbourne, and the country’s first innovative cultural centre for young people.

[smartcode_project:default project_id=8804 project_image_fid=221156]

When the project launched in April 2022, it achieved <a href="/news/vic/sth-bnk-by-beulah-nets-over-400m-in-sales-at-launch-weekend">over $400 million in sales on the first weekend</a>.

Sales have averaged out at $1.5 million, ranging from $534,000 to a record $38 million sub-penthouse sale. There's been a number of sales in the $15 million to $38 million range.

Read more:&nbsp;<a href="/news/vic/sth-bnk-by-beulah-breaks-melbourne-apartment-record-again">STH BNK by Beulah breaks Melbourne apartment record, again</a>

A recent release has seen a handle of one and two-bedroom apartments become available.

Three-bedroom and four-bedroom apartments are amongst some of the most popular layouts, with a number of buyers amalgamating or customising interiors to create their dream home in a landmark building.

[smartcode_project:default project_id=8804 project_image_fid=221169]

Many of its purchasers are in their mid-30s to 40s ranging from local Southbank residents and early downsizers from inner Melbourne looking to upgrade. Regional Victorians have also been in search 
of a holiday home, as well as interstate and international purchasers looking for an investment or relocation.

Beulah Executive Director, Adelene Teh, said the strong sales performance is reflective of the growing demand for luxury apartments that offer something distinctly different, while being centrally located within the Melbourne CBD.

“<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK By Beulah</a> is redefining what can be made possible by exploring true vertical living," Teh says.

"By providing a mini metropolis that truly has everything within walking distance, individuals can spend more time on what matters most, as opposed to travelling or commuting. <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK By Beulah</a> prioritises not just health and wellness, but ultimate convenience and this adds to the holistic wellbeing for our future residents.

“Sales are consistent across all collections as they suit different demographics and price points; Garden Rise Residences are set above the energy of the podium and provide the closest connection to the pulse of Southbank, while floorplans become more spacious and grander the higher up you go."

[smartcode_project:default project_id=8804 project_image_fid=221152]

A key feature that purchasers are continuing to take advantage of is the customisable ‘Tailored Living’ services, which will see the total number of apartments in <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK By Beulah</a> continue to decrease as a result of more tailored configurations; a curated service that extends to custom interiors as well. This has been a key selling point for residents purchasing the units on higher floors.

Future residents will also have access to STH BNK Concierge Services including housekeeping, shopping, childminding, and pet services, plus an on-call doctor, beauty and wellness treatments.

[smartcode_project:default project_id=8804 project_image_fid=221168]

Designed in partnership with UNStudio and Cox Architecture, Residents will have access to the vibrant and comprehensive lifestyle podium; a wellness and culture precinct comprising premium retail, inspiring cultural events and engaging entertainment, childcare centre, outdoor gardens and rooftop spaces and a first-of-its-kind fleet of luxury vehicles for residents to use at their convenience.

<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK By Beulah</a> is due to commence early works in early 2024 and will take approximately five years to complete. Earlier this year Beulah <a href="/news/vic/multiplex-to-build-2-billion-sth-bnk-by-beulah-towers">announced Mutliplex as the builder</a> of <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK by Beulah</a>.

[smartcode_project_cta:default project_id=8804]

Beulah Executive Director, Adelene Teh, said the strong sales performance is reflective of the growing demand for luxury apartments that offer something distinctly different


STH BNK by Beulah apartments now 80% sold

With the NSW Government raising the threshold for first home buyer stamp duty exemptions, both buyers and developers are reaping the rewards.&nbsp;

First home buyers now pay no stamp duty on properties up to $800,000, considerably higher than the previous $650,000 cap, bringing in a new wave of buyers for developers, who have been dealt a difficult hand in recent times with rising interest rates and inflation keeping buyers out of the market.&nbsp;

Australian private investment group Alceon has benefitted from the stamp duty changes, experiencing a surge of interest from young buyers at their $250 million <a href="/developments/gosford-nsw-2250">Gosford apartment development</a>, Rumbalara Residences.

Just six weeks after the change in stamp duty, the masterplanned community has seen more than seven times the enquiries, specifically from first home buyers, resulting in $20 million worth of stock being sold.&nbsp;

<img alt="Render of Rumbalara Residences" data-entity-type="file" data-entity-uuid="2c53294d-7d83-4b9c-b452-fd4250d18ce8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/RUM_S01_EXT_Blk%20B_Balcony_5k.jpg?VersionId=JT_cUFiqaw1TUB5buxjbBpI4j1KIeDPb" />

Rumbalara’s Development Director Todd Campling said they’ve seen a rush of inquiries on their two-bedroom apartments which are priced from $780,000.

Construction commenced at the&nbsp;six star luxury development in September last year with iCIRT-rated builders Deicorp.

Offering stretching views over Brisbane Waters, Rumbalara is situated on the highest point of Gosford. With 188 apartments set to be spread across four buildings, the Marchese-designed residences offer a variety of one, two and three-bedroom floorplans, ranging in size from 27 sqm through to 62 sqm.&nbsp;

<img alt="Render of Rumbalara Residences" data-entity-type="file" data-entity-uuid="0cd97aa0-a4fd-4036-818b-bb4735db745d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/RUM_S11_INT_Blk_B%20501_Looking%20Out_5k.jpg?VersionId=55MnDrxKVUElYFs0fLnQ.cgCeu1THdpx" />

Buyers have the option to select between treehouses or townhouses, with inclusions such as fireplaces and Sub-Zero Wolf appliances.&nbsp;

The initial launch period of Rumbalara saw more than 1200 enquires in just a few weeks, with Sydney buyers looking for their own slice of paradise, at an affordable cost.&nbsp;

With stage one being such a resounding success, the developers brought upon stage two earlier than expected to meet the growing demand.&nbsp;

<img alt="Render of Rumbalara Residences" data-entity-type="file" data-entity-uuid="e0d0ff0b-b564-4f17-8918-aad49095a79e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/OUR104_Rumbalara_S090_GolfSim_A.jpg?VersionId=WHnNYZ1NsfCWFwzYm5exYfi3AyfCrWjw" />

It's not just the price point bringing in buyers. The extensive suite of amenity is another driving force behind the strong sale numbers.&nbsp;

“There’s not many other opportunities where you can secure a home starting at $580,000 with access to such an enormous amount of world class amenities,” Campling previously said.&nbsp;

More than 4,000 sqm of manicured resort-like grounds will surround the residences, with a figure eight pool taking pride of place. A 1,000 sqm Club House will home many of the exclusive amenities, including an on-site concierge,&nbsp;private cinema, dining room, gym, day spa, work from home hot desk space and virtual golf simulator.

Stage one of the Gosford development, which includes the Club House and pool, is slated for 2024.

[smartcode_project_cta:default project_id=112441]

Australian private investment group Alceon has benefitted from the stamp duty changes, experiencing a surge of interest from young buyers at their $250 million Gosford apartment development, Rumbalara Residences.

First home buyers drive strong sale numbers at $250m Gosford masterplan, Rumbalara Residences

Prominent Western Sydney developer ALAND has sold more than 130 apartments in its latest release in their Schofields masterplan, Schofield Gardens,

First home buyers and investors have made up the majority of sales in Jasmine, the seventh release in the Schofield Gardens community.&nbsp;The six other stages – Bottlebrush, Wattle, Frangipani, Pandorea, Lotus, and Breynia – were each sold out prior to completion.&nbsp;

Schofield Gardens first stage was launched in 2020 and on completion will provide housing for around 4600 residents.&nbsp;

[smartcode_project:default project_id=29042 project_image_fid=233947]

ALAND Founder Andrew Hrsto&nbsp;says the sales results at Schofield Garden’s latest release are a result of the historical success of the development and reflect the current high demand for new, affordable housing across Sydney.&nbsp;

“Since we first launched Bottlebrush in 2020, we have sold and settled 1000 apartments to date,” Hrsto said.

“We have long recognised the need to provide attainable housing to the market, particularly when there is such limited stock at these price points currently available.”

Jasmine consists of one, two, and three-bedroom apartments across three buildings ranging in height from four to five storeys.

Prices range from $475,000 for a one-bedroom apartment, $585,000 for two bedrooms and from $735,000 for three bedrooms, a price point Hrsto says makes the development appealing to&nbsp;first home buyers, investors, couples, families and downsizers.

[smartcode_project:default project_id=29042 project_image_fid=233944]

“People see ALAND as not just delivering value for money, but also a quality product within a welcoming community,” he said.

“Jasmine presents an opportunity for both owner-occupiers and investors to secure a property in an area with huge potential.”

Apartments offer generous ceiling heights, air-conditioning, energy-efficient Fisher &amp; Paykel appliances, LED lighting quality fittings and floor-to-ceiling glazing delivering abundant natural light.

[smartcode_project:default project_id=29042 project_image_fid=233946]

There's a communal courtyard with playgrounds and rooftop amenities including BBQs, exercise spaces and kids’ soft-fall play areas, plus electric vehicle charging stations in the basement.

ALAND Head of Sales Scott Rudgley&nbsp;said the sales he’s seen at Jasmine aren’t surprising given recent NAB data showing that Schofields tops the list of first home buyer hotspots in NSW, with more than 60 per cent rise in demand during the previous year.

“Schofield Gardens is one of the major drivers for the suburb’s extraordinary jump in first home buyer activity as our apartments are often eligible for government assistance,” Rudgley said.

“ALAND has helped to transform Schofields into a dynamic new community and we are immensely proud of that achievement.”

[smartcode_project:default project_id=29042 project_image_fid=233945]

Despite its short existence, Schofields already boasts a good range of schools, parks and transport options. Nearby Schofields Village offers a childcare centre, supermarket, cafés, and a pharmacy.

Transport options include an upgraded rail connection to Sydney CBD and Parramatta, while the Metro North West line runs from nearby Tallawong Station to Chatswood, with the extension to Sydney CBD to open in 2024.

Rudgley says demand to date has been driven by&nbsp;first-home buyers hunting for affordability, with&nbsp;investors appreciating the fact that property in Schofields continues to outperform the rest of NSW and a strong growth forecast – Blacktown City Council predicts 8,000 new residents every year until 2041.

“We’ve seen apartments in Schofield Gardens rising in value since 2020, with compound annual growth of 6.3%,” Rudgley said.

“As well as capital growth, we’ve also seen median weekly rents rise by an extraordinary 38%over the past three years, while gross yields continue to track at a record 4.86%.”

Construction of Jasmine stage one is expected to commence by late 2023 with the project due to be completed by Q1 2025.

[smartcode_project_cta:default project_id=29042]

Schofield Gardens first stage was launched in 2020 and on completion will provide housing for around 4600 residents

ALAND sell 60% of latest Schofield Gardens stage

Sherpa Property Group is approaching a sell-out of its luxury <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach apartment development</a>,&nbsp;<a href="/buildings/perspective-on-albatross">Perspective on Albatross</a>.

Only two of the eight premium apartments remain for sale after a $10.3 million sales spree has seen the other apartments in the boutique complex at 72-74 Albatross Avenue snapped up.

The two apartments are priced from $3.2 million and each have four bedrooms and three bathrooms.

[smartcode_project:default project_id=111484 project_image_fid=213891]

Founder of Sherpa Property Group Christie Leet says success in sales for <a href="/buildings/perspective-on-albatross">Perspective on Albatross</a> has been driven by demand from a mixture of local owner occupiers and downsizers.

“Many of these buyers are local downsizers who have been enticed by the unique location, spectacular architecture and beautiful living spaces that take full advantage of an elevated beachside location”, Leet said.

“Notching closer to 100 per cent sold is largely due to the surge of owner-occupiers who are continuing to drive the demand for apartment living on the Gold Coast, during a time when available stock is at an all-time low.”

[smartcode_project:default project_id=111484 project_image_fid=213892]

Designed by award-winning architects HAL and built by 5Point Projects, <a href="/buildings/perspective-on-albatross">Perspective on Albatross</a> residences incorporates sculptural Mediterranean minimalism within a natural colour palette to create a timeless design, Sherpa say.

The crown in the jewel is the two-level penthouse, which features a private rooftop with outdoor kitchen, outdoor cinema, sauna and a private pool with an integrated bird-watching bar overlooking Albatross Avenue.

“With construction well underway and expected completion in December this year, we expect the remaining two apartments to sell out fast,” Leet added.

[smartcode_project:default project_id=111484 project_image_fid=213894]

Leet said all of their thinking is "how can we lower the density and increase the liveability for owners."

“I have spent 30 years working on the ultimate expedition – a home that delivers the pinnacle of lifestyle, without compromise. That would mean the perfect location, the perfect site, and the perfect design.”

“When I found two adjoining sites on Albatross Avenue, with 25m frontage, I knew I had found the perfect location for my ‘Everest’.”

In a sign of confidence for buyers, Leet is actually moving into one of the apartments in Perspective on Albatross.

“I was so excited by the site and the design that I have already sold my beachfront home on the Gold Coast in preparation for living on Albatross. What I’m really looking forward to is joining the select few who can take advantage of my 30-year search and Sherpa’s new Perspective on beachside living.”

Sherpa recently launched their latest Palm Beach development, Perspective Nexus, 32 luxury apartments a stone's throw from the beach.

Read more:&nbsp;<a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Sherpa launch Perspective Nexus, Palm Beach apartments</a>

[smartcode_project_cta:default project_id=111484]

Sherpa Founder Christie Leet says success in sales for Perspective on Albatross has been driven by demand from a mixture of local owner occupiers and downsizers

Sherpa approach sell-out of Perspective on Albatross, luxury Mermaid Beach apartment development

The <a href="/developments/gold-coast-qld">Gold Coast</a> has experienced a dramatic uptick in apartment sales in positive signs for a market further constrained by supply due to rising construction costs, new data from Urbis has found.

Apartment sales rose to 470 over the third quarter of 2023, from just the 200 registered in the previous quarter.

Urbis Director Paul Riga said&nbsp;the majority of sales were centred around the traditional apartment precincts of <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/developments/broadbeach-qld-4218">Broadbeach</a> and <a href="/developments/main-beach-qld-4217">Main Beach</a> – while the remainder of sales along the <a href="/developments/gold-coast-qld">Gold Coast</a> were limited due to a lack of new projects.

<img alt="Urbis" data-entity-type="file" data-entity-uuid="13951573-f5ee-4e87-bc64-12af4c85fcf4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-10%20at%2010.40.33%20am.png?VersionId=MOu7KN7wEcP9gEWNMXeWgj0BvedzYnp9" />

“What the data tells us quite simply is that the demand for apartments has remained strong, with new developments harnessing the purchasers,” Riga said.

“This is great for the property market, underpins property prices but creates further problems with supply – meaning if new projects don’t get underway the supply will continue to diminish.”

Urbis noted a new trend, with three projects that were developed to be build to rent, switching to build to sell. One building went in the other direction.

There were five new project launches during Q3 2023, four in <a href="/developments/broadbeach-qld-4218">Broadbeach</a> and <a href="/developments/main-beach-qld-4217">Main Beach</a>.

There were&nbsp;1,770 apartments remaining for sale at the end of September – 82 per cent of which are in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/developments/main-beach-qld-4217">Main Beach</a> and <a href="/developments/broadbeach-qld-4218">Broadbeach</a>.

The Gold Coast's north shore, coastal fringe, and southern beaches precinct all have&nbsp;limited supply, with just 264 apartments remaining for sale.

[smartcode_project:default project_id=108324 project_image_fid=232460]

Highland CEO David Highland, whose Sydney-based company has expanded its operations to the <a href="/developments/gold-coast-qld">Gold Coast</a> and is marketing one of the city’s key apartment projects, <a href="/new-apartments/coast-surfers-paradise-43-garfield-terrace-surfers-paradise">Sammut Group’s Coast apartments</a> under construction on Garfield Terrace at <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, said the data underpinned the resilience of the market.

“What this shows us is that demand for the <a href="/developments/gold-coast-qld">Gold Coast</a> has not diminished since the boom times brought about after the Covid pandemic,” Highland said.

“We are still seeing very strong interest from Sydneysiders keen to either move to the <a href="/developments/gold-coast-qld">Gold Coast</a> or at least take a stake in the Gold Coast’s future by purchasing an apartment here.

“The problem is that unless construction costs stabilise there may not be the stock required to meet demand, so buyers getting into the market now are in an enviable position where there may be considerable upside in the value of their apartments.”

[smartcode_project:default project_id=108747 project_image_fid=204484]

Highland said the current inflationary pressures and construction costs were drawing buyers to quality developers which had the capacity to deliver.

“Projects under construction or with a builder locked in are certainly at a distinct advantage in the eyes of buyers. There’s a flight to quality – people want certainty in an uncertain environment where we don’t know where prices are going to."

Highland said it is encouraging&nbsp;people to get into the market sooner rather than later and it is perhaps why there has been an uptick in sales in the third quarter.

“We expect this will continue as we head into the peak selling periods for apartments over Christmas and New Year where hundreds of thousands of people will be holidaying on the Gold Coast and inspecting property.”

Apartment sales rose to 470 over the third quarter of 2023, from just the 200 registered in the previous quarter

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