Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Investor appetite for Queenstown apartments is strengthening as supply constraints and four-season tourism continue to underpin demand across the alpine region.

In Frankton’s masterplanned Remarkables Park precinct,&nbsp;<a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s 141-apartment Mountain Oak development is attracting repeat and yield-focused buyers seeking exposure to that market dynamic.

Brandon, who specifically targeted Queenstown as an investment location, said the combination of price point and limited new supply made Mountain Oak stand out.

“It is a quality product in a location that struggles to densify,” he said, referencing Queenstown’s land-locked geography and development limitations.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" />

Having spent significant time in the region, Brandon pointed to its global reputation and consistent visitation as key fundamentals.

“Queenstown is a known destination from people all over the world. The place is land locked and there are issues building there. It’s also busy all year round.”

That four-season economy, driven by skiing and snowboarding in winter and hiking, cycling and water-based tourism in summer, was also central to Sherry’s decision to invest.

“I believe the four-season tourism has major appeal as it would ensure that the property will not remain empty, unlike other areas in NZ,” she said.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Living_WEB.jpg?VersionId=3LglY20Jp_MAzQYdvwODRWvtjL.cZcqI" />

Mountain Oak has been structured to respond to that sustained demand, with 365-day visitor accommodation consent underpinning a mix of one-bedroom, flexi, two-bedroom and dual-key configurations that can operate as either short-term visitor accommodation or long-term rental housing. Dual-key apartments comprise two self-contained residences on one title, allowing owners to generate dual income streams or occupy one side while leasing the other.&nbsp;

Under Safari Group’s optional visitor accommodation management model, owners receive 60 per cent of the annual income generated by their apartment, with 24/7 on-site management, guest services and listing exposure included. Independent appraisal modelling suggests gross yields of up to 15 per cent for certain two-bedroom configurations, based on estimated nightly rates and occupancy assumptions.

For Brandon, that flexibility aligned with his broader investment strategy.

“It helps to know that I can have it managed either way,” he said. “My focus is on purchasing high yield cashflow properties.”

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="c786ba7f-f974-4ce3-9833-1bcd9f2938d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_ae3c049f388f4c13bf801649d91cbb4a~mv2%20%281%29.jpg?VersionId=J25uvzGdvtFaXGzuwz28ewJ9wWzbtvur" />

He selected a one-bedroom flexi configuration, citing both yield and adaptability.

“I work remotely and can travel to most places and work. I enjoy making spaces that work for the lifestyle that I live and it seems that others also enjoy it.”

Ranging from 54 to 57 square metres, the one-bedroom flexi incorporates a separate multipurpose room suited to a home office, additional storage, or accommodation for ski gear and seasonal equipment, an increasingly relevant inclusion for buyers balancing remote work and alpine travel.

Interiors feature underfloor heating in bathrooms and a heat pump in the main living area, supporting year-round comfort. Upper-level apartments are positioned to maximise natural light, with sliding windows and balustrades in select residences enhancing outlook and ventilation. Units are available in both light and dark interior schemes.

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="8f9492e9-8ee0-4aae-856c-8996ed9d9a06" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_7d066f5200024c1aa472d01e2dc776ed~mv2.jpg?VersionId=MLR5xn6fLqPdBi7vxyRT.1zhQX3Ln0Ev" />

Sherry, a repeat Safari Group buyer, said her previous experience with the developer provided confidence to secure another apartment.

“Their developments have always finished on time, the quality has been high, and I didn't feel that my investment may be at risk,” she said. “Knowledge of the developer and our two existing Safari apartments gave us the confidence to proceed with this one.”

Safari Group has delivered more than 2,000 hotel units and residential apartments nationally and is now undertaking its fifth Queenstown development, reinforcing buyer confidence in delivery capability.

Although Sherry was not initially targeting Queenstown due to its price profile, prior visits reshaped her view of the market.

“I absolutely love this region and believe it is a major tourist attraction, which led me to the decision to invest.”

<img alt="How Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Construction commenced in June 2025, with completion anticipated by mid-2027. Apartments are priced from NZ$639,000, and the development carries Overseas Investment Office exemption approval, allowing non-residents to purchase.

For both investors, the purchase represents a balance of income generation and long-term portfolio positioning in a tightly held alpine market.

“I firmly believe my investments in Safari developments are a combination of all these elements,” Sherry said. “The location of this project enabled me to diversify.”

As Queenstown continues to attract year-round visitation alongside constrained housing supply, Mountain Oak’s dual-key flexibility, optional on-site management structure and established developer track record are resonating with investors seeking exposure to the region’s resilient tourism economy.

Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand

Holiday home buyers who have long gravitated to Queenstown’s alpine setting are increasingly looking for low-maintenance apartments that allow them to lock up and leave, while still generating income when they’re away.

For Wendy, who had spent years visiting the Queenstown and Arrowtown region, <a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s Mountain Oak Apartments provided the opportunity to formalise what had previously been a recurring holiday pattern.

“We always had Queenstown in the back of our minds to buy something there as a holiday home,” she says. “We love the Queenstown and Arrowtown area.”

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" />

Time spent visiting her sister-in-law, who owns in Arrowtown, along with regular stays at Millbrook Resort, had already shaped a strong personal connection to the region.&nbsp;

Rather than approaching the purchase purely as an investment play, Wendy’s starting point was lifestyle.

“We were more thinking about ourselves and where we could stay, and then the rental aspect was second.”

Mountain Oak Apartments, located within the masterplanned Remarkables Park precinct in Frankton, aligned with that thinking. The ability to secure the apartment with a deposit and settle on completion made the timing work.

“The fact that we could put a deposit down with the balance on completion was a bonus for us,” she explains.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Wendy selected a two-bedroom, two-bathroom penthouse, a configuration that supports both private use and guest flexibility.

“The two-bedroom, two-bathroom configuration appealed from both a rental viewpoint and for the ability to have friends stay while we are there,” she says.

Across the development, two-bedroom apartments range from 64sqm to 78sqm, with two-bedroom plus flexi options from 71sqm to 75sqm, each with an allocated car park. The flexi layouts introduce an additional space suited to work or hobbies, reflecting demand from buyers who split their time between leisure and remote work.

Apartments include underfloor heating in bathrooms, heat pumps to living areas, and joinery positioned to maximise natural light and mountain outlooks. The Remarkables Park precinct is known for its extended winter sunshine hours, water frontage and open views toward The Remarkables.&nbsp;

Units come in light and dark interior colour schemes.

<img alt="Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="file" data-entity-uuid="fd685a22-3b95-43a1-87cb-48fdd42bb4ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_f9f89107c2704ebbbe5a6b36da508cb3~mv2.jpg?VersionId=MigFIEm6b.mrANANwxSmwHvC4RdJUuyR" />

While lifestyle was the primary driver, the fundamentals of the Queenstown market added reassurance.&nbsp;

“Proximity to the airport and tourism being the main attraction all year round,” Wendy says, when asked what stood out from an investment perspective.

Mountain Oak sits just eight kilometres from Queenstown’s CBD and around a two-minute drive from Queenstown Airport.&nbsp;

For Wendy, that airport proximity carries practical value.

“The airport proximity is a bonus, we think that being so close will be an attraction for the convenience side.”

Residents are also a short drive from Coronet Peak, Jack’s Point Golf Course, New World Supermarket, Five Mile Shopping Centre, and the dining, medical, gym, cinema and library amenities within the town centre, as well as the seasonal Remarkables Market.

Importantly, the purchase does not lock owners into a single use. Mountain Oak offers the flexibility to opt for short-term visitor accommodation or longer-term residential rental management, with 365-day visitor accommodation consent in place. Owners can utilise Safari Group’s 24/7 on-site management service or appoint their own provider, and do not need to decide on a strategy immediately.

“It was a bonus that we can rent it out as well as use it for ourselves,” she says.

Additional buying options, including furniture packages and storage units available for purchase within the building, further support a lock-and-leave model suited to interstate and overseas owners.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Mountain Oak Apartments comprises 141 residences, ranging from one-bedroom configurations through to larger apartments and penthouses. One-bedroom apartments are currently priced from NZ$639,000, with three-bedroom options from NZ$1,299,000.

With 365-day visitor accommodation consent, the development is structured to respond to Queenstown’s established four-season tourism economy, spanning winter ski traffic and summer hiking, cycling, golf and lake-based activity.

Although Wendy acknowledges the strength of rental demand, her approach remains long term.

“We’re not planning to sell it anytime soon, so we are keen to hang on to it, but the passive income will be a bonus.”

Confidence in the developer also influenced her decision. Before proceeding, Wendy sought feedback within the local building community.

“We asked around and Safari Group had a good reputation,” she says.

Safari Group has delivered more than 2,000 hotel units and residential apartments across over 18 developments nationwide, with more than 25 years’ experience in the sector.

With completion anticipated by mid-2027, Mountain Oak is attracting a cross-section of buyers, from yield-focused investors to lifestyle purchasers seeking a foothold in one of New Zealand’s most tightly held alpine markets.

For Wendy, it represents both a future holiday base and a long-term asset within Queenstown’s year-round tourism economy.

How Mountain Oak Apartments draws holiday home buyers to Queenstown

Ellipse Property has commenced demolition of stage one of its landmark $850 million masterplanned community, <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a>, the largest residential community in <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a> in Sydney’s burgeoning Hills District.&nbsp;

Located at<a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill"> 40-42 Ashford Avenue</a>, opposite the Hills Showgrounds Metro Station and in the heart of <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>, <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> will comprise 771 apartments across five eight to 12 storey buildings.

The first stage, Atrium, will comprise&nbsp;152 apartments within one mid-rise eight storey building with a rooftop recreational space that provides views of the surrounding landscape.

Atrium is expected to complete in Q4 2025.

[smartcode_project:default project_id=89496 project_image_fid=216768]

<a href="/developers/ellipse-property-group">Ellipse Property</a> appointed Decode to complete the construction of the project earlier this year in September. Two adjacent residential houses will be demolished as part of the demolition works with construction due to commence in Q1 2024.

<a href="/developers/ellipse-property-group">Ellipse Property</a> Associate Director Puja Khanna said <a href="/developers/ellipse-property-group">Ellipse Property</a>, together with its builder partner Decode, is tremendously excited to start demolition on its landmark project, Carrington Place.&nbsp;

“Today marks a significant milestone for our entire team as we embark on the construction program of our most significant project to date Carrington Place. It’s a major undertaking for our company and a project that has drawn on the expertise and specialisations of a team of market leading consultants, architects, planners, engineers and builders.”&nbsp;

“As the largest residential project in <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>, <a href="/developers/ellipse-property-group">Ellipse Property</a> is delighted to be delivering such a significant multi-staged, game-changing project for the local Hills community, a major component of the transformation and evolution of <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>.”&nbsp;

[smartcode_project:default project_id=89496 project_image_fid=216770]

Having only recently launched in October, Carrington Place saw strong demand from local buyers looking for quality, larger-sized apartments and confidence in the developer/ builder.

“Immersed in nature and designed in keeping with the natural flow of the Cattai Creek, Carrington Place will set a new benchmark for modern living featuring the most premium, house-sized apartments in <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>,” Khanna added.

Award-winning iCIRT-rated construction company, Decode, is in charge of the construction.

Decode won the 2023 Urban Taskforce Development Excellence Award in the Mixed-Use Development category for the construction of its Burwood Grand residential project in Sydney’s inner west earlier this year.

[smartcode_project:default project_id=89496 project_image_fid=216765]

Decode also was one of the first 20 construction companies to receive a gold star iCIRT rating by the Office of the NSW Building Commissioner in May 2022. The company was in the very first group of companies to receive this rating.&nbsp;

Providing an unbiased and independent review of an organisation, an iCIRT rating is obtained through a thorough assessment of all aspects of a business, aimed at building transparency in the industry and trust with the Australian families and individuals looking to buy-off-plan.&nbsp;

NSW Building Commissioner David Chandler said: “The Decode journey aligns with Construct NSW. The industry is starting to get on board with the massive reforms and Decode is a leader as one of the first 20 movers into the iCIRT rating space. And the great thing about leadership is people always remember who went across the finish line first.”

[smartcode_project:default project_id=89496 project_image_fid=216764]

Designed by award winning architectural firms Tony Owen Partners in collaboration with Stanisic Architects, Carrington Place has been bespoke designed to immerse with its surrounding natural landscapes.

Uniquely, the precinct will be home to over 20,000 square metres of outdoor recreational space and lush gardens, conceived by landscape architect, Site Image Landscape Architects, making it one of the greenest master-planned communities in the Hills District.&nbsp;

A key feature of the project will be a one-kilometre boardwalk running the length of the Cattai Creek connecting to Fred Caterson Reserve, a 58-hectare local reserve featuring picnic tables, children’s playgrounds, along with multiple sports facilities.&nbsp;

[smartcode_project_cta:default project_id=89496]

Award-winning iCIRT-rated construction company, Decode, is in charge of the construction

Demolition commences at Castle Hill's largest residential development, Carrington Place

Melbourne Quarter is one of the most lavish completed&nbsp;developments located in the&nbsp;heart of&nbsp;Melbourne&rsquo;s vibrant CBD.

As we near the end of the First Home Buyer and HomeBuilder Grant,&nbsp;Urban have put together ten reasons why you might like to consider purchasing a&nbsp;home in&nbsp;the Melbourne Quarter development.&nbsp;

<h2>1. Developed by the Lendlease Group</h2>

The project&nbsp;is being developed by Lendlease, a multinational company headquartered in Sydney, with a&nbsp;very strong track record across Australia, Europe, the Americas and Asia.

They have won a number of awards&nbsp;across numerous Sydney and Melbourne projects and remain one of the&nbsp;most sustainable real estate funds in the world.

<h2>2. International design&nbsp;firm Fender Katsilidis have architected&nbsp;the building</h2>

Fender Katsalidis once a Melbourne-centric architectural practice, and now&nbsp;a highly awarded, multi-disciplinary international design firm is responsible for the architecture of this&nbsp;project among many others.&nbsp;

<a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_quarter_full.jpg" /></a>

They have their stamp on renowned&nbsp;developments such as&nbsp;Australia 108, Flinders Bank, Fulton Lane and High Society just to name a few.

<h2>3. Three whole floors of resort-style amenities. &nbsp;</h2>

The project includes a hotel-style lobby, concierge and exclusive access to Club MQ, which also means access to the three entire floors of resort-style amenities on offer.

[smartcode_project:default project_id=3459]

<h2>4. The Melbourne Quarter precinct</h2>

Melbourne Quarter offers residents more than just the one East Tower currently on offer. It is a sprawling&nbsp;2.5-hectare site dedicated to public open space, surely to be&nbsp;named Melbourne&rsquo;s greenest city precinct, with a mix of both retail and parkland on offer for residents.

<h2>5. $458,000 is below the Melbourne CBD&#39;s median apartment price</h2>

Home buyers can enjoy a one-bedroom, one-bathroom apartment in the Melbourne Quarter for as low as $458,000, below the $490,000 median apartment value, calculated by realestate.com.au

<h2>6. Range of luxury residences&nbsp;available</h2>

Currently on offer in the Eastern Tower of the Melbourne Quarter&nbsp;is a collection of spacious one and&nbsp;two-bedroom architecturally designed apartments, with a range of price points from $458,000 all the way to a pricier $1,032,000.

<a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_quarter_apt.jpg" /></a>

<h2>7. Located in the heart of the Melbourne CBD</h2>

Bordered by the renowned Collins and Flinders Streets, Melbourne Quarter offers residents the convenience of living in Melbourne&rsquo;s vibrant CBD at affordable prices for first home buyers or investors.

<h2>8. Nearby developments of a similar quality are more expensive</h2>

For example another development with top of the line amenities, R. Iconic has&nbsp;prices starting from $507,000, across their range of one, two and three bedroom suites.

Or the similarly lavish&nbsp;The Docklands Residences which&nbsp;sits atop a brand new 8-floor Marriott Hotel and offers a number of luxury amenities.

<h2>9. The Melbourne CBD will always be in demand</h2>

The Melbourne CBD has overall managed despite&nbsp;downturn predictions of the market and may have even seen price values grow if not for&nbsp;on and off state-wide lockdowns. In fact a number of economists are extremely optimistic Melbourne prices which are&nbsp;tipped to climb by 8 per cent this year followed by 10 per cent in 2022.

A number of economists predict the battle between banks for new customers and the successful rollout of the coronavirus vaccine may super-charge even the national property market.

<h2>10. Views from your future home</h2>

Many apartments in the&nbsp;Melbourne Quarter hold sweeping views across both the city and skyline.

<a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_quarter_view.jpg" /></a>

Learn more and <a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands">enquire with Urban&nbsp;about the Melbourne Quarter</a>.

jordan_55689

10 reasons to buy a brand new home in the Melbourne Quarter

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As Mirvac’s latest master-planned community, Waverley Park, nears completion, we took a look at what the sustainable and energy-efficient precinct in Melbourne’s Mulgrave has to offer.

The final stage of the community, The Finale, which includes its own picturesque lake, offers three, four and five-bedroom park front homes, a serene extension to your own private front garden.

Designed by Mirvac’s award-winning architects, the boutique range of family homes can be tailored to suit your lifestyle and preferences. 

The six-star energy rated homes boast cross-ventilation and superior insulation, reducing energy use and energy costs. LED lighting, solar hot water and energy-efficient appliances will deliver further savings for residents.

<a href="/buildings/waverley-park-6-goodison-court-mulgrave"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/waverley_park_interiors.png"></a>

The parklands include a variety of play equipment and facilities, including a rock-climbing wall, skate park, gym equipment and a basketball court. Plus have a picnic and take advantage of the shelters, barbecues and communal seating area. 

At the heart of the neighbourhood is the historic Waverley Park Stadium, shopping precinct and oval linked by welcoming streets, a community hub and extremely walkable parklands. Also within walking distance is the Goodlife Health Club, Waverley Park Dental Care, cafes and a village store supplying fresh produce.

[smartcode_project:default project_id=22700]

Five-bedroom residences are priced from $1,245,000, while three-bedroom homes begin at $785,000.

With limited family homes remaining, and only a short drive to the fashion capital, Chadstone, Waverley Place is not one to miss.

To find out more information on Waverley Place, enquire <a href="/buildings/waverley-park-6-goodison-court-mulgrave">here</a>.
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The Finale residence release: What's on offer at Mirvac’s Waverley Park?

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The Brisbane-based developers Keylin Group and Kinstone Group has began construction on their waterfront homes and townhouses at the luxury Helensvale development Serenity 4212.

The construction commencement comes after more than $107 million in sales since the project, one of the Gold Coast’s largest waterfront land projects, launched 12 months ago.

[smartcode_project:default project_id=83147] 
Over 30 per cent of Serenity Green, part of Serenity 4212 comprising 60 architecturally designed town homes, have sold, with more than $12 million in sales in just four months following its market launch. 

Remaining town homes in Serenity Green are priced from $535,000.

The sales generated in Serenity Green add to the $72 million achieved through Serenity Waters – a collection of 110 waterfront blocks of land that back onto Lake Serenity and the Coombabah Wetlands Conservation Area.

Keylin director Louis Cheung said Keylin was keen to expand its residential and commercial portfolio in the northern Gold Coast growth corridor between Helensvale, Hope Island and Coomera.

“We are absolutely delighted that our range of residential offerings has been so warmly welcomed by the marketplace,” Mr Cheung said.

“Keylin, with our team of consultants, has worked very hard to create the most diverse residential options available within our projects and they have been very well received.

<a href="/buildings/serenity-green-8-ben-dalley-drive-helensvale-road"><img alt="" height="794" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/serenity_entrace.jpg" width="1200"></a>

“It’s hard to believe that we have achieved so many sales in Serenity 4212 after only acquiring the waterfront site early last year and made so much progress across all our projects despite the challenges of the pandemic in 2020.”

Serenity Green’s town homes are positioned to capitalise on a growing market of discerning buyers seeking larger sized homes. 

“Demand for larger sized home is certainly growing, which in part is due to buyers spending more time at home during Covid. While the impacts of Covid-19 of the Gold Coast are subsiding, buyers’ desire to upsize their lifestyles certainly remains,” Mr Cheung added. 

Tony Ashwin, director of Ashwin Property which is managing the sales and marketing for Serenity 4212, said Serenity Green has been met with great immediate demand, particularly amongst the local owner-occupier demographic.

“Serenity 4212 is a unique, luxurious and well-priced offering and we’re witnessing great interest from the local community familiar with the great lifestyle on offer here,” said Mr Ashwin. 

<a href="/buildings/serenity-green-8-ben-dalley-drive-helensvale-road"><img alt="" height="720" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/serenity_green_pool.jpg" width="1200"></a>

“There really isn’t much else on the market with the same level of offerings in a beautiful, private and idyllic location, so well-priced to meet the market.

“Demand for the larger sized home offering is certainly there. A lot of our buyers who don’t require all four bedrooms are converting the fourth room or the second living area into a home office which is ideal in a post-Covid working environment.”

A range of resident amenities will be on offer in the gated Serenity Green community including an outdoor recreation area with barbecque facilities and a large swimming pool.

Of the sales achieved to date, four first home buyers have taken advantage of $40,000 of government incentives – the $15,000 First Home Owners Grant and the $25,000 HomeBuilder scheme which ends this month.
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The construction commencement comes after more than $107 million in sales since the project, one of the Gold Coast’s largest waterfront land projects, launched 12 months ago.



Take a look at Keylin and Kinstone's Helensvale development as house and townhouse construction begins

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CDMA Australia has completed the first apartment building of its multi-staged, master-planned community, Rosella Place in Rouse Hill.

The first nine-level building has 72 apartments with large balconies offering sweeping views of the surrounding countryside. There are just five apartments left for sale in the development.

When completed in late 2023, Rosella Place will comprise 352 apartments across five mid-rise buildings.

The development at 56 Cudgegong Road, Rouse Hill is located in Sydney’s rapidly-growing north-west and is just 100 metres from the newly opened Tallawong Metro Station.

CDMA Australia sales and marketing manager Jonathan Tan said Rosella Place is the ideal purchase for a young family looking to make their first property purchase at a price that suits their budget as well as local downsizers who are looking for zero maintenance.

<img alt="" height="933" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cudgegong_rd_kitchen_.jpg" width="1200">

“Investors will also be drawn to this project attracted to capital growth prospects with the raft of major infrastructure projects coming up in Rouse Hill including the $250 million expansion of the Rouse Hill Town Centre, the new Tallawong Town Centre, the opening of the new Rouse Hill Hospital and the Hills District’s first university, Norwest University", Tan said.

“In as little as five years’ time, Rouse Hill will be a major new centre in Sydney’s north west, home to thousands of more residents but also supported by significant local infrastructure and amenities.”

The next release of apartments at Rosella Place will be launched to market in mid March.

Designed by local architects WMK, Rosella Place, named after the vibrantly coloured Australian bird which is native to the Rouse Hill area, is one of the first residential projects to get underway in the rapidly expanding north west which meets a need for affordable, high quality apartments in close proximity to transport links and new public amenities.

The next release of apartments at Rosella Place will be launched to market in mid March.

About the developer

CDMA is a strategic alliance between major international property development firm Lianfa (Group) Co., Ltd (core arm of Xiamen C&amp;D Co., Ltd) and highly regarded local developer Metro Award Group.
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Investors, downsizers and families to be drawn to new Rouse Hill community Rosella Place

Sydney property fund manager and developer, WINIM, has secured a 2,052 sqm site in Northbridge, taking its North Shore portfolio to six boutique residential developments.

The local North Shore developer is set to create a development with a mix of apartments and developments at 46-48a Eastern Valley Way, opposite Shore Playing Fields.

WINIM joint managing director Josh Leahy said the site is ideal for residential as it is within easy walking distance to Northbridge Plaza, Sailors Bay and Warners Park.

He said the residences will be highly sought after by families, resizers or those looking for a luxury house-sized property with minimal maintenance and state of the art finishes.

[smartcode_project:default project_id=31908 project_image_fid=189116]

&ldquo;We engage with our customers from their first meeting with the sales agent. From monthly purchaser updates to quarterly site walks with the team, our customers are, as they should be, a key part of their property&rsquo;s journey.

WINIM&rsquo;s other North Shore projects have seen strong sales from local downsizers or right- sizers over the past six months at an average price of $2.5 million per property.

Set to feature striking, contemporary exterior and interior designs by local architect Rothelowman, WINIM&rsquo;s Northbridge project builds on the group&rsquo;s existing stable of premium, boutique North Shore holdings &ndash; carefully chosen, strategically located, high end properties including OTTO Cremorne and The Terraces Willoughby.

[smartcode_project:default project_id=5864 project_image_fid=57682]

Rothelowman principal architect Ben Pomroy said terraces or townhomes are highly sought after all over Sydney but particularly on the North Shore where space is at a premium.

&ldquo;Along with all of our previous projects for WINIM, a key feature of several of the residences will include private open spaces maximising privacy, lifestyle and entertainment options,&rdquo; he said.

Following the development application approval, the project will be brought to market in late 2021.

&ldquo;Sydney&rsquo;s Lower North Shore is a key part of our residential strategy to develop premium, bespoke, well-conceived owner-occupier projects featuring exceptional design, located in prime tightly held pockets such as Northbridge,&rdquo; Mr Leahy said.

&ldquo;As our sixth residential project to get underway on the Lower North Shore, Northbridge is a significant landmark project which will greatly contribute to the undersupply of premium owner-occupier dwellings in the suburb.&rdquo;

[smartcode_project:default project_id=29965 project_image_fid=189106]

WINIM history

Established by Josh Leahy and Joint Managing Director Justin Kuiters in 2010, WINIM has a history of successfully delivering large-scale master plans, retail complexes, mixed use sites and educational projects. A key focus of the business is delivering high quality Lower North Shore residential properties to existing valued and new customers.

[smartcode_project:default project_id=29965 project_image_fid=189106]

[smartcode_project:default project_id=5864 project_image_fid=57676]

[smartcode_project:default project_id=31908 project_image_fid=189111]

[smartcode_project:default project_id=29387 project_image_fid=189098]

WINIM joint managing director Josh Leahy said the residences will be highly sought after by families, resizers or those looking for a luxury house-sized property with minimal maintenance.



Find out where Sydney developer WINIM has secured its next project

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Construction provider Icon has been announced as the preferred tenderer to construct the $300m mixed-use precinct The Village Alphington in Melbourne's north-east.

The 80,000 sqm project involves the delivery of build-to-rent, affordable housing, commercial and retail shopping precincts. There will be 2,500 new dwellings within the project.

Work on the project, located on the former Amcor Paper Mills site bordering Heidelberg Road and Latrobe Avenue 10 minutes from the CBD, will commence in the second quarter of 2021 following design development.

[smartcode_project:default project_id=9212] 
Evan Byrne, Icon CEO/Managing Director said “This is another significant milestone in the growth of the Icon business since the acquisition by Kajima. 

"Our teams have experience in projects of this scale and complexity, and it's pleasing that our business today has the balance sheet strength to support this capability. We have been working in some capacity on this project since its inception more than five years ago, and it is very satisfying to see the client's vision become a reality. 

"We’re excited to be working alongside client Alpha Partners as construction partner, with potential for further involvement utilising the Icon Group's wider capabilities, including finance and development.” 
 
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Icon wins construction contract for The Village Alphington in Melbourne

The Brisbane-based luxury apartment developer Spyre Group has officially lodged plans&nbsp;for a fourth high end residential beachfront project on the Gold Coast.

They&#39;ll be converting the&nbsp;Komune Resort at Coolangatta in to a 12 level residential development they&#39;ve called Cala Dei Residences.

Designed by&nbsp;bureau^proberts, the development will have a total of 31 apartments.

Spyre Group director Andrew Malouf said the company had taken a considered approach to developing the site.

&ldquo;The site was originally intended for a 27-storey development, but we have significantly reduced this footprint. Instead, we propose to create luxury residences that complement the world class surfing reserve status of the southern Gold Coast beaches,&rdquo; said Mr Malouf.

Mr Malouf says&nbsp;the Komune property was ideal because it is a rare north-facing site.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kommune_coolangatta.jpg" width="1200" />

&ldquo;We have taken a lower density approach than the original proposal to give our newest project a level of sophistication that we know the market appreciates.

&ldquo;Our plan is to create an exclusive, boutique development that will set itself apart from other buildings in the area.&rdquo;

Between levels one and nine there will be 18 two bedroom apartments and nine three bedders. Level 10 will home two near 200 sqm sub penthouses and level 11 will have two penthouses, both with three bedrooms and their own private rooftop crowning the block.

<a href="/buildings/cala-dei-residences-144-marine-parade-coolangatta"><img alt="" height="662" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/144_marine_parade_coolangatta_3_0.jpg" width="1200" /></a>

The two bedroom apartments span around 80 sqm of internal living space, with three bedroom apartments spanning over 220 sqm.

The ground level will feature&nbsp;576 sqm of recreational space, designed by Cusp Landscape Architecture which will include&nbsp;a communal resort area with plunge pools.

<a href="/buildings/cala-dei-residences-144-marine-parade-coolangatta"><img alt="" height="678" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/144_marine_parade_coolangatta_4_0.jpg" width="1200" /></a>

Spyre Group bought the 862 sqm Marine Parade&nbsp;site from a company directed by Komune Resort owner Anthony Cannon and Fitness First founder Tony de Leede.

It&rsquo;s not the first time Spyre Group has chosen to redevelop a site already occupied by an existing multi-level building.

The company recently demolished the eight-storey Aspect apartment building, developed by Mimi McPherson on the Esplanade at Burleigh Heads, to start construction on its huge successful Natura project. Apartments range&nbsp;in price from $1.6 million to $3.5 million.

After spending the better part of a decade focusing on developments in Brisbane, Mr Malouf sees the Gold Coast market shaping up as a long-term proposition for the company.

&ldquo;The challenge always starts with securing the right site, and we&rsquo;ve been fortunate on the Gold Coast over the past few years targeting only the best beachfront sites in each area, especially with our latest acquisition at Coolangatta,&rdquo; he said.

&nbsp;&ldquo;The Gold Coast&rsquo;s natural environment may be what attracts people in the first place but creating luxury residences at this level provides a reason for many to stay.

&ldquo;The market is well supported by locals and increasingly by interstate buyers, and remarkably we see that trend continuing for some time.&rdquo;

Its debut project, the $79 million Elysian Broadbeach, has been completed with just two of the 61 apartments remaining for sale. The follow-up project, Maya at Kirra Beach, has just one apartment left from 16, while Natura also has only two of the 33 apartments offered to the market.

<h2>Other developments for sale on the Gold Coast</h2>

Shoreline, Surfers Paradise

[smartcode_project:default project_id=22057]

Shoreline is the latest Surfers Paradise tower to be created by Marquee Development Partners.

The boutique 27 apartment development across 17 levels offers residents a luxury unseen in the between Surfers Paradise and Broadbeach for a number of years.

Miles Residences, Kirra Beach

[smartcode_project:default project_id=27575]

The Miles Residences Kirra Point will be one of Kirra Point&#39;s most impressive towers when it&#39;s completed in 2023.

The development of 118 apartments is part of the redevelopment of the&nbsp;Kirra Beach&nbsp;Hotel. The brains behind the operation is the family-ran KTQ Group, led by Peggy Flannery, who are behind the award-winning Elements of Byron Bay.

Designed by bureau^proberts, the development will have a total of 31 apartments across 12 levels

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Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand

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Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand

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