Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

Adelaide Apartments

Adelaide has continued to lead the property bounce back with a momentum even greater than that of Sydney and Melbourne.

The overwhelming majority of Adelaide is seeing soaring&nbsp;property price growth with experts like&nbsp;REISA chief executive Barry Money describing&nbsp;it as&nbsp;a &quot;mini-boom&quot;.

And there is no sign of it stopping with interstate investor interest continuing to pick up, especially as Adelaide rose&nbsp;to be the third most liveable city in the world according to the&nbsp;latest Economist Intelligence Unit&rsquo;s survey.

Prices in the South Australian capital are predicted to&nbsp;rise by 10 per cent this year alone,&nbsp;according to Hotspotting&#39;s Terry Ryder, making now the time to enter the city&#39;s growing&nbsp;property market.

Urban took a look at some of the best apartments on offer across&nbsp;South Australia&#39;s capital:

<h2>The Adelaidean</h2>

Address: 27 Frome Street, Adelaide&nbsp;SA 5000

[smartcode_project:default project_id=6082 project_image_fid=37152]

One can&#39;t talk top Adelaide apartment living without first talking about The Adelaidean, the CBD&#39;s&nbsp;tallest residential tower.

With uninterrupted views across the city and beyond, it was developed by&nbsp;Adelaide&#39;s own Kyren Group.&nbsp;Designed by&nbsp;Brown Falconer, the development comprises just&nbsp;88 one, two and three bedroom residences across 37 levels

The tower is within walking distance to some of Adelaide&rsquo;s best parklands within and surrounding the CBD, the busy world of Rundle Mall with gyms, cinema, art, theatre and&nbsp;shopping at your doorstep as well as major dining precincts offering cuisines of the world.

The Adelaidean is offering convenience and preferenc&nbsp;by allowing buyers to customise their&nbsp;own apartment&nbsp;with a wide range of finishes across living, kitchen and bathroom spaces to choose from. Each feature has been meticulously designed to match the cityscape seen&nbsp;through the floor-to-ceiling windows.

<h2>Penny Place</h2>

Address: 17 Penny Place, Adelaide SA 5000

[smartcode_project:default project_id=9286 project_image_fid=77623]

Penny Place is similarly one of the top apartment developments on Urban and with design by the&nbsp;award-winning architects, Woods Bagot it&#39;s no surprise.

Developed by the Flagship Group, Penny Place rises above the bustling streetscape of Adelaide&#39;s CBD reaching a height of 23 floors and consisting of 152 designer apartments.

Taking advantage of their height in a similar manner to The Adelaidean every one of the one and two-bedroom apartments feature a sizable balcony to take in the panoramic Adelaide views.

Builders Maxcon, who have been responsible for some incredible construction projects across Australia, will have the building completed by September 2021.

<h2>East End</h2>

Address:&nbsp;293-297 Pirie Street, Adelaide SA 5000

[smartcode_project:default project_id=6087 project_image_fid=24430]

Unlike the previous two projects, East End is a completed project from the hands of Wellstone, with construction&nbsp;handled by Hindmarsh.&nbsp;

The development is comprised of 140 modern architectural apartments situated at the heart of the east end of Adelaide City.

Many of the homes in East End provide&nbsp;360-degree panoramic cityscapes in a tower&nbsp;surrounded by parklands, botanical gardens, and all the famous restaurants located nearby. Education-wise, Adelaide botanic high school and the University of Adelaide just a minute from your door.

The 16 storey building is&nbsp;60m to Hutt Street,&nbsp;350m to Rundle Street located close to a number of transport options.

<h2>Realm</h2>

Address:&nbsp;9-19 Austin Street, Adelaide SA 5000

[smartcode_project:default project_id=6083 project_image_fid=24425]

Realm Adelaide boasts luxurious amenities and architectural design, delivered by Sydney-based developer Parallel Property and designed by Elenberg-Fraser.

Completed the year prior to&nbsp;East End, it towers above much of the city at 132 meters tall, bringing quality apartment living&nbsp;to Adelaide&rsquo;s central business district.

The slimline and stylish tower rises above the historic Assay House which was built in 1858 and used by local Gold prospectors. It has since restored and features a ground level bar and restaurant.

Level 8 features a CrossFit Gymnasium, a 25-metre outdoor swimming pool, hot tub, change rooms, billiards room, dining room, indoor dining area and outdoor entertaining with BBQ facilities and lounges.

Level 39, an exclusive area accessed by residents on Level 21 and above, features a Wellness Centre with a yoga studio, massage facilities, sauna, steam room, hot tub alongside a large entertaining deck with cabanas, BBQ facilities as well as a dining room and meeting area.

The overwhelming majority of Adelaide is seeing soaring property price growth with experts describing it as a "mini-boom," that isn't running out of steam any time soon

jordan_55689

Adelaide's best apartments on Urban

The final apartments in the $32 million ultra-premium Adelaide apartment project 217 East Terrace are being snapped up following its completion.

The development is six storeys directly overlooking the city&rsquo;s picturesque East Parklands.

There is a $2.8 million asking price through Julianne Price Real Estate for 401/217 East Terrace, a three bedroom apartment with 154 sqm internal space and 115 sqm in terraces.

[smartcode_project:default project_id=21877 project_image_fid=82699]

Another three bedroom apartment, located just above street level, has just gone under offer having been listed at $2.3 million.

Adelaide-based Minuzzo Project Management and Global Intertrade jointly developed and built the 14 apartments, with floorplans ranging in size from 123 sqm to 366 sqm.

They rank among the largest luxury apartments available in Adelaide.

The top recorded settlement price has been $4.25 million for a fifth floor apartment. Apartment 402 was next priciest at $3.05 million.

Global Intertrade has invested in South Australian property for around three decades.

Designed by architect Aplin Cook Gardner, the building will include a grand entrance lobby for residents, plus extensive underground car parking and basement storage.

Prices started from $800,000 for a two-bedroom, two-bathroom apartment.

It was scheduled to be completed by mid-2020 with its topping out held in late 2019.

Its marketing in early 2019 offered five years rates free for owner occupiers.

Established in 1959, Minuzzo Project Management is one of South Australia&rsquo;s leading family owned and operated construction management companies, led by Garry Minuzzo and his son Daniel.

The 14 apartments are located in a parkside Adelaide six storey complex

jchancellor

Final 217 East Terrace, Adelaide luxury apartment offering

<html><body>
Adelaide provides luxury living at an affordable price and, as investors flock to the contemporary city, developers are beginning to offer multi-million dollar projects to meet the demand for high-end properties. 

Urban takes a look at five luxury residences on the market in Adelaide right now.

1. <a href="/new-apartments/11a-esplanade-somerton-park">Arvia, Somerton Park</a> 
Address: 11A Esplanade, Somerton Park SA 5044 
Four-bedroom apartments from $3,000,000

<a class="colorbox colorbox-insert-image" href="/new-apartments/11a-esplanade-somerton-park" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="389" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/somerton_park.jpg?itok=mE4EH2KC" width="580"></a>

Located on the South Australian coastline, Arvia offers luxury living at its finest. The sophisticated residence offers four bedrooms and two bathrooms, sea views and open-plan living and dining.

Arvia takes full advantage of the golden sands of Somerton Beach with an entertainer’s balcony that boasts 180 degree water views. 
 

2. <a href="/new-apartments/luminesque-108-currie-street-adelaide?ref=srp_listview">Luminesque, Adelaide</a> 
Address: 108 Currie Street, Adelaide SA 5000 
Three-bedroom apartments from $1,450,000

<a class="colorbox colorbox-insert-image" href="/new-apartments/luminesque-108-currie-street-adelaide?ref=srp_listview" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/luminesque-108-currie-street-adelaide-40110eabd43b119f2a5282bd70906998.jpg?itok=pjsCLQ4u" width="580"></a>

Luminesque, delivered by Palumbo, has only three residences remaining from 69 apartments. The premiere project, located in the centre of Adelaide’s city, shares amenities with the five-star Sofitel Hotel.

Perched on levels 25 to 32 of the Sofitel, residents will have access to facilities including a pool, gym, restaurants, room service and concierge, with the privacy of a separate residents’ entrance lobby. 
 

3. <a href="/buildings/the-adelaidean-27-frome-street-adelaide">The Adelaidean, Adelaide</a> 
Address: 27 Frome Street, Adelaide SA 5000 
Check availability for three-bedroom apartments

<a class="colorbox colorbox-insert-image" href="/buildings/the-adelaidean-27-frome-street-adelaide" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="349" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/adelaidean_0.jpg?itok=etkGxfAZ" width="580"></a>

Rising as the tallest residential tower in Adelaide, the Adelaidean comprises 88 one, two and three-bedroom residences across 37 levels. Developed by Kyren Group, the project provides comfort and grandeur to its residents, boasting a forward-focused tower encased in glass.

The Brown Falconer designed building includes floor-to-ceiling windows, city views and premium finishes. 
 

4. <a href="/buildings/realm-9-19-austin-street-adelaide?ref=srp_listview">Realm, Adelaide</a> 
Address: 9-19 Austin Street, Adelaide SA 5000 
Three-bedroom apartments from $2,200,000

<a class="colorbox colorbox-insert-image" href="/buildings/realm-9-19-austin-street-adelaide?ref=srp_listview" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/realm.png?itok=VWLmka4K" width="580"></a> <a class="colorbox colorbox-insert-image" href="/buildings/realm-9-19-austin-street-adelaide?ref=srp_listview" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/realm-living-study-1200x550.jpg?itok=HvCGJIho" width="580"></a>

Comprising 320 apartments, Realm Adelaide features the city’s most expensive apartments, boasting luxurious amenities and architectural design. Sydney-based developer Parallel Property employed Elenberg-Fraser to design the building, which features a golden, geometric façade.

Residents will enjoy a CrossFit gym, 25-metre outdoor pull, yoga studio, large entertaining deck, indoor dining area and Wellness Centre.   
 

5. <a href="/buildings/two-four-six-246-unley-road-unley">Two Four Six, Unley</a> 
Address: 246 Unley Road, Unley SA 5061 
Three-bedroom apartments from $1,350,000

<a class="colorbox colorbox-insert-image" href="/buildings/two-four-six-246-unley-road-unley" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="378" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/246.jpg?itok=RJWOAnGD" width="580"></a>

Two Four Six offers buyers the chance to secure a luxury apartment in the sought-after suburb of Unley, the most searched suburb for both homes and apartments in Adelaide, according to REA.

Delivered by Catcorp, the development features large glass balconies, sandstone terraces, floor-to-ceiling windows and ample storage.

<h2>SA properties selling now:</h2>

[smartcode_project:default project_id=29917]

[smartcode_project:default project_id=29911]

[smartcode_project:default project_id=29913]
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Urban takes a look at five luxury residences on the market in Adelaide right now

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