Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Apartments

Newport Village is the latest collaboration between developer Land Real and SJB Architects, leading the shift towards sustainable design in Melbourne.

Boasting 273 residences in one, two and three-bedroom configurations, Newport Village is a connected community with unbeatable local amenity and connectivity.

Land Real hopes to leave a positive impact on the future, with features to lower energy use and offset building emissions.

[smartcode_project:default project_id=5449 project_image_fid=161847]

The apartment is part of one of the largest single residential solar systems in Victoria with a system size of &gt;200kWp.

Other environmentally-conscious design elements include high water efficiency fittings and fixtures and best-practice waste management.

&ldquo;A happy and healthy community starts here,&rdquo; the project marketing reads.

[smartcode_project:default project_id=5449 project_image_fid=161849]

Newport Village includes its own green spaces, including a central park, landscaped rooftop terraces and a range of private courtyards so that residents can enjoy time outside with family and friends.

Away from the bustle of the Melbourne CBD, each residence has been thoughtfully designed to maximise space, light and liveability.

Offering views of the park, considered spaces and intelligent design, Newport delivers a timeless aesthetic and practical living.

[smartcode_project:default project_id=5449 project_image_fid=161846]

Located in the coveted urban pocket of South Kingswood, residents can enjoy markets, boutique shopping, bayside parks and an eclectic urban energy.

One-bedroom apartments in the project start from $435,000, while two-bedroom apartments are listed from $575,000.

Newport Village is expected to reach completion late next year.

[smartcode_project_cta: project_id=5449]

Boasting 273 residences in one, two and three-bedroom configurations, Newport Village is a connected community with unbeatable local amenity and connectivity

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Newport Village contributes to a more sustainable future in Melbourne’s inner-west

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The demand for apartments in Perth is as high as anywhere in the country, and has been one of the market leaders across the capitals during 2021.

Apartment values rose 3.8 per cent in Q1 2021, outperforming all capitals except for Hobart, according to CoreLogic, with demand continuing to rise across the sector.

The soaring house prices in Perth are contributing to the demand for apartments, with homeowners jumping on the opportunity to sell in the current climate.

Gavin Hawkins, director of the Perth-based developer Edge Visionary, says Edge are seeing many buyers taking advantage of the positive market conditions to put their house on the market.

Hawkins has seen it first hand at Edge's west Perth development Eden Floreat, which has been a hit with downsizers.

[smartcode_project:default project_id=7761]

Edge have recently completed the first stage of the development known as Eden West. Designed by Hillam Architects and built by BGC Construction among the treetops at Perry Lakes, Eden West is made up of 101 apartments over five levels.

"Eden West represents a timely opportunity for them to transition into an apartment lifestyle," Hawkins says.

"At Eden, residents have the same, or arguably better, amenities than those of an extravagant home, without the maintenance and ongoing costs."

The landscaped central courtyard features a 25m heated lap pool, spa, sauna, steam room, yoga studio, gymnasium, cinema, sunset terrace, formal and alfresco residents’ lounge with fireplace and wine cellar, and games room.

<a href="/buildings/eden-apartments-1-finishline-view-floreat"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/eden_2.jpg" width="1200"></a> Eden Floreat's lap pool. Image supplied

There's also parkside café, Eden by Cup &amp; Co, the first-of-its-kind café in Perry Lakes.

Hawkins says Eden Floreat has been popular with local downsizers due to the size of the apartments.

Eden West secured 80 per cent of its apartment sales before construction was complete having launched in 2019. The second stage of Eden Floreat, Eden East is due for completion in December.

There are only three and four bedroom apartments and penthouses, and private two-storey townhouses available at Eden Floreat, with prices starting from $995,000. 

About the developer

Edge Visionary Living is an award-winning developer with numerous apartment projects in and around Perth. These include award-winning Botanical in Subiaco, Vantage Riversedge in Rivervale, Arthouse in Joondalup, and Lumiere South Perth and Riviere Residences in Applecross, which are coming soon.
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The soaring house prices in Perth are contributing to the demand for apartments, with downsizers seeing the opportunity to sell

Perth house and apartment boom sees downsizers flock to Eden Floreat

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CoreLogic’s best of the best 2020 report has revealed that the highest median unit value was found in Point Piper, as with 2019.

The report revealed Australia’s $7.2 trillion residential real estate market proved resilient in the face of a global pandemic, leaving an overall positive market outlook for 2021.

Eliza Owen, CoreLogic’s head of research, said the report highlighted the resilience of luxury markets in Australia.

<blockquote>
“This is not to say these suburbs have been unaffected by the pandemic; indeed the high end of the Sydney market is generally more volatile to changes in economic conditions. However, this volatility also tends to see a rapid recovery in the wake of lower mortgage rates and an improvement in consumer sentiment.”
</blockquote>

All ten of suburbs listed amongst the nation’s best for unit value were located in Sydney, with Point Piper taking the top spot with a median unit value exceeding $2.28 million.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/units.png" rel="gallery-all" title="Top performing capital city suburbs. Source: CoreLogic"><img alt="" class="image-article-full-width-580px" height="358" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/units.png?itok=UMi3PAjN" title="Top performing capital city suburbs. Source: CoreLogic" width="580"></a>

<figcaption>Top performing capital city suburbs. Source: CoreLogic</figcaption></figure>Darling Point took the second spot, with 78 units sold throughout the year and a median value of $1.785 million.

Sydney’s eastern suburbs performed well across the board, with Darling Point, Bellevue Hill and Vaucluse taking the three top spots for highest median house value. Double Bay, Tamarama, Rose Bay and Dover Heights also made the top ten.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/houses.png" rel="gallery-all" title="Top performing capital city suburbs. Source: CoreLogic"><img alt="" class="image-article-full-width-580px" height="352" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/houses.png?itok=V9K-dHl0" title="Top performing capital city suburbs. Source: CoreLogic" width="580"></a>

<figcaption>Top performing capital city suburbs. Source: CoreLogic</figcaption></figure><h2>Here are two luxury apartments you can secure in Sydney’s high-performing eastern suburbs</h2>

1. <a href="/buildings/marmont-319-new-south-head-road-double-bay">Marmont</a>, Double Bay 
Address: 219 New South Head Road, Double Bay NSW 2028 
Two-bedroom apartments from $2,595,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/marmont.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="346" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/marmont.jpg?itok=JI7D4JMZ" width="580"></a>

Expected to reach completion early 2021, Fortis’ latest Double Bay project offers an exciting opportunity to secure a two or three-bedroom residence in Sydney’s inner-eastern suburbs.

Designed by MHNDUnion, Marmont features floor-to-ceiling glazed windows, views across the harbour and extensive terrace balconies. 
 

2. <a href="/buildings/dusk-625-627-old-south-head-road-rose-bay">Dusk</a>, Rose Bay 
Address: 625-627 Old South Head Road, Rose Bay NSW 2029 
Two-bedroom apartments from $1,795,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/dusk.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/dusk.jpeg?itok=p7dBDFYv" width="580"></a>

Located in the heart of the high-performing Rose Bay, Dusk hosts nine two and three-bedroom apartments just six-kilometres from the Sydney CBD.

The exclusive harbourside residence, delivered by Maestro Rosebay, offers private views, considered interiors and an architecturally-designed façade by Bureau SRH.
</body></html>

Sydney's Point Piper boasts Australia's highest median unit value, according to CoreLogic’s best of the best 2020 report. 

Point Piper hosts Australia’s priciest apartments: CoreLogic 

Whether your&nbsp;children have moved out or you&#39;re wanting to save money, downsizing provides a great option for couples of all ages &ndash; but downsizing doesn&#39;t have to mean downgrading.&nbsp;

With Sydney&#39;s luxury market proving resilient following the coronavirus pandemic, many buyers are seeing the benefit of investing in a high-end development at affordable prices.&nbsp;

Below&nbsp;are nine of the best downsizer apartments on the market in Sydney to help you on your journey towards finding a new home.&nbsp; 
&nbsp;

1. <a href="/buildings/polo-collection-55-rothschild-avenue-rosebery">Polo Collection</a>, Rosebery 
Address: 55 Rothschild Avenue, Rosebery NSW 2018 
One-bedroom apartments from $710,000

<a class="colorbox colorbox-insert-image" href="/buildings/polo-collection-55-rothschild-avenue-rosebery" rel="gallery-all" target="_blank"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/polo_collection.jpg?itok=KAk-HRy4" width="580" /></a>

Meriton&rsquo;s Polo Collection offers downsizers the chance to remain close to the CBD and enjoy luxury living in a brand new architecturally designed apartment.

Comprising 275 luxury apartments across four buildings, the development offers dynamic and elegant living, green vistas and floor-to-ceiling glass windows, designed by SJB Architects.

[smartcode_project:default project_id=7588]

2. <a href="/buildings/alex-collective-alexandria-163-173-mcevoy-street-alexandria-nsw-2015">Alex Collective</a>, Alexandria 
Address: 163-173 McEvoy Street, Alexandria NSW 2015 
One-bedroom apartments from $750,000

<a href="/buildings/alex-collective-alexandria-163-173-mcevoy-street-alexandria-nsw-2015"><img alt="" height="2160" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/alexcollec.jpeg" width="3189" /></a>

In the neighbouring suburb of Alexandria, 163 apartments in one, two and three-bedroom configurations are set to be delivered by Ceerose, boasting floor-to-ceiling storage, bay windows and a balcony fringed by greenery.

Tastefully designed by Andrew Burns Architecture, Alex Collective features concrete-inspired stone benchtops, sandstone-toned joinery and integrated black glass ovens, bringing a warm and contemporary aesthetic with an industrial edge.

[smartcode_project:default project_id=29785]

3. <a href="/buildings/cornerstone-717-727-canterbury-road-belmore">Cornerstone</a>, Belmore 
Address: 717-727 Canterbury Road, Belmore NSW 2192 
Two-bedroom apartments from $655,000

<a href="/buildings/cornerstone-717-727-canterbury-road-belmore"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cornerstone.jpg" width="1200" /></a>

Whilst further from the offerings of the CBD, Sydney&rsquo;s inner-south-west provides the ideal downsizer location, boasting a tight-knit community and, soon, the proposed Belmore metro station.

Delivered by ALAND, Cornerstone features high ceilings, open-plan kitchens, alfresco dining areas and recessed balconies. Ground floor retail space and local parkland activate the residence.

[smartcode_project:default project_id=9188]

4. <a href="/buildings/lighthouse-9-17-howard-avenue-dee-why">Lighthouse</a>, Dee Why 
Address: 9-17 Howard Avenue, Dee Why NSW 2099 
Two-bedroom apartments from $935,000

<a href="/buildings/lighthouse-9-17-howard-avenue-dee-why"><img alt="" height="474" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lighthouse.jpg" width="1024" /></a>

Situated in Dee Why&rsquo;s new retail hub, Meriton&rsquo;s Lighthouse development offers the tallest towers in the Northern Beaches suburb.

Complete and ready to move in, the development is built over four buildings and offers views of the ocean, beach and lagoon. Downsizers or retirees will enjoy the convenience of this development, located nearby ocean shores and within 35 minutes to Sydney&rsquo;s CBD.

[smartcode_project:default project_id=6337]

5. <a href="/new-apartments/trilogy-112-talavera-road-macquarie-park">Destination</a>, Macquarie Park 
Address: 114 Talavera Road, Macquarie Park NSW 2113 
One-bedroom apartments from $600,000

<a href="/new-apartments/trilogy-112-talavera-road-macquarie-park"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/destination.jpg" width="1920" /></a>

Located within NSW&rsquo;s second largest business district, Destination offers lots of opportunity to downsizers hoping to take advantage of Macquarie Park&rsquo;s competitive advantages, including its proximity to Macquarie University.

Delivered by Meriton and designed by DKO Architecture, Destination offers serene garden terraces, timeless design and views from every angle.

[smartcode_project:default project_id=8669]

6. <a href="/buildings/moseley-17-21-moseley-street-carlingford">Moseley</a>, Carlingford 
Address: 17-21 Moseley Street, Carlingford NSW 2118 
Two-bedroom apartments from $752,900

<a href="/buildings/moseley-17-21-moseley-street-carlingford"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/moseley.jpg" width="1200" /></a>

Still located in the City of Ryde, and close-by Epping Station is the affordable Moseley project by H&amp;T Group. The 41 one, two and three-bedroom apartments match the needs of families, downsizers and young professionals with contemporary design, modern silhouettes and amenities.

The apartment offers private storage, a gym, communal entertaining areas and an electric charging dock.

[smartcode_project:default project_id=25486]

7. Elle, Waitara 
Address: 53 Balmoral Street, Waitara NSW 2077 
Two-bedroom apartments from $749,000

<img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/elle_.jpg" width="1200" />

Located on Sydney&rsquo;s Upper North Shore, Elle provides a prime location for downsizers to enjoy the convenience and style of elite suburban living.

The new residential community boasts free-flowing contemporary living options and landscaped garden space, delivered by Developcorp. Elle is minutes to public transport, quality private schools and Hornsby shops.

[smartcode_project:default project_id=29140]

8. <a href="/buildings/park-avenue-waitara-16-20-park-avenue-waitara">Park Avenue</a>, Waitara 
Address: 16-20 Park Avenue, Waitara NSW 2077 
Two-bedroom apartments from $649,000

<a href="/buildings/park-avenue-waitara-16-20-park-avenue-waitara"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/park_av.jpg" width="1200" /></a>

Also located in the fast-growing is Park Avenue, offering one and two-bedroom configurations, ideal for investors or downsizers. The spacious residence is located in proximity to Hornsby&rsquo;s amenities.

The residences offer practical layouts, balconies, spacious bedrooms and the relaxed lifestyle of the Upper North Shore community.

[smartcode_project:default project_id=29538]

9. <a href="/new-townhouses/collection-rouse-hill-49-terry-road-rouse-hill">Collection</a>, Rouse Hill 
Address: 49 Terry Road, Rouse Hill NSW 2155 
One-bedroom apartments from $399,000

<a href="/new-townhouses/collection-rouse-hill-49-terry-road-rouse-hill"><img alt="" height="548" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rouse-hill-1.jpg" width="987" /></a>

Downsizing doesn&rsquo;t have to mean smaller either. Collection provides 311 residences in one, two and three-bedroom configurations in Sydney&rsquo;s growing north-west region.

Designed by DKO Architecture, the master-planned offers spacious open-plan layouts, generous entertainer balconies and beautiful views of the surrounding landscape and Berowra Valley National Park.

Rouse Hill&rsquo;s town centre boasts an abundance of amenities and retail offerings, as well as a new metro station that connects residents to Castle Hill, Chatswood and Sydney&rsquo;s CBD.

[smartcode_project:default project_id=6284]

Here are nine apartments on the market in Sydney to match the needs of downsizing couples

Nine of the best downsizer apartments on the market in Sydney

A&nbsp;new&nbsp;wave of luxury apartment living has arrived in Sydney, with&nbsp;buyers seeking high-end&nbsp;amenities and elegant design from new developments.&nbsp;

With many projects now offering communal dining spaces and restaurants on their ground floors, we took a&nbsp;look at five Sydney apartments boasting the&nbsp;most lavish dining areas. 
&nbsp;

1. <a href="/buildings/king-phillip-148-160-king-street-sydney">King &amp; Phillip</a>, Sydney 
Address: 148-160 King Street, Sydney NSW 2000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kingphillip.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="358" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kingphillip.jpg?itok=SbP0GjXW" width="580" /></a>

Formerly the site of the University of Sydney Law School building, the soon to be completed King &amp; Phillip development offers lavish living for Sydney&rsquo;s elite. Delivered by Galileo, the 26-storey building is inspired by nearby colonial-era architecture, featuring natural materials and colonnade.

The luxury development boasts alfresco dining will under the colonnade and Phillip Street terrace, as well as private residents&rsquo; dining and lounge. The aesthetic appeal and timeless quality of the exterior continues seamlessly throughout the residences&rsquo; interiors.

[smartcode_project:default project_id=5938]

2. <a href="/buildings/opera-residences-71-macquarie-street-sydney">Opera Residences</a>, Sydney 
Address: 71 Macquarie Street, Sydney NSW 2000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/operaresidences.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="425" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/operaresidences.jpg?itok=bYGBfocm" width="580" /></a>

Amongst Sydney&rsquo;s most luxurious developments on the market today is Macrolink and Landream&rsquo;s Opera Residences. The 19-storey tower offers 104 high-end apartments in Bennelong Point and boasts luxury finishes including Calacatta marble, Gold Portoro marble and travertine.

Designed by Crone Architects, the project will include four levels of restaurant, retail and dining space, with views over the Harbour Bridge, Opera House and the Botanical Gardens.

[smartcode_project:default project_id=6012]

3. <a href="/buildings/the-lennox-12-phillip-street-parramatta">The Lennox</a>, Parramatta 
Address: 12 Phillip Street, Parramatta NSW 2150

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the-lennox-exterior.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-lennox-exterior.jpg?itok=plV9o672" width="580" /></a>

Bordering the Parramatta River and rising 152-metres is Aoyuan International&rsquo;s the Lennox. Featuring luxurious private dining and lounge spaces, as well as ground floor boardwalk restaurants, the Lennox brings countless amenities and luxury to Western Sydney living.

Designed by Marchese Partners, the development boasts floor-to-ceiling glazed windows, winter gardens and a 25-metre lap pool.

[smartcode_project:default project_id=5743]

4. <a href="/buildings/castle-residences-sydney-116-castlereagh-street-sydney">Castle Residences</a>, Sydney 
Address: 203 Castlereagh Street, Sydney NSW 2000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/castleresidences.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/castleresidences.jpg?itok=9l6s6P0w" width="580" /></a>

Castle Residences merges high-end apartments with five-star luxury hotel services and amenities, with construction including the refurbishment of the 142-year-old heritage-listed Porter House building.

Designed by Candalepas Associates, the development offers luxurious dining areas, private dining spaces and in-residence catering. Manhattan-style apartments overlook Hyde Park and timeless sculptural alcoves and arches bring together historical and contemporary architecture.

[smartcode_project:default project_id=7758]

5. Central at the Langston, Epping 
Address: 12-22 Langston Place, Epping NSW 2121

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sky_lounge.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="291" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/sky_lounge.jpg?itok=PpHiYAYU" width="580" /></a>

Central, the Langston&rsquo;s second stage, offers lavish amenities and luxury residences in Sydney&rsquo;s Epping community. With move-in scheduled for later this year, residents will enjoy the development&rsquo;s Sky Lounge &amp; Dining terrace, as well as a 20-metre pool and wellness hub.

Designed by Architectus, Central offers 180 one, two, three and four-bedroom apartments across 24 storeys, featuring premium appliances, full-height timber-look cabinetry and more than 2,000sqm of communal landscaped gardens.

[smartcode_project:default project_id=29936]

<h2>NSW properties selling now:</h2>

[smartcode_project:default project_id=29392]

[smartcode_project:default project_id=7588]

[smartcode_project:default project_id=6656]

Here are five of Sydney's most lavish communal dining areas offered within apartments on the market right now

Five Sydney apartments with the most lavish communal dining

<html><body>
Adelaide provides luxury living at an affordable price, when compared to cities like Sydney and Melbourne. However, ranking tenth in the Economist's global livability rankings twice in a row, it is no wonder why investors and owner-occupiers are flocking to the South Australian city. 

Adelaide prices are predicted to rise by 10 per cent this year, according to Hotspotting's Terry Ryder, making now the time to enter the city's burgeoning luxury property market.

Urban takes a look at four of Adelaide's most luxurious residences on the market today. 
 

1. <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

[smartcode_project:default project_id=6083]

Delivered by Parallel Property, Realm features 320 apartments in one, two and three-bedroom configurations. Primely positioned in the heart of the Adelaide CBD, the Realm’s three-bedroom apartments

Residents of Realm will have access to the various amenities within the tower designed by Elenberg Fraser. These include a CrossFit gym, 25-metre swimming pool, outdoor entertaining area and wellness centre.

In 2018, Realm’s northern penthouse sold for $5.2 million, breaking the record for the most expensive apartment ever sold off the plan in Adelaide. The southern penthouse is currently on the market, marketed by Fox Real Estate’s Marina Ormsby. 
 

2. <a href="/new-apartments/botten-bowser-69-71-melbourne-street-north-adelaide">Botten + Bowser, North Adelaide</a> 
Address: 69-71 Melbourne Street, North Adelaide SA 5006 
Penthouse apartments from $1,770,000

[smartcode_project:default project_id=27233]

Two penthouses are for sale in Citify’s Botten + Bowser development in North Adelaide. The project boats sustainable design, with low energy features, louvre screening and greenery on each apartment’s balcony.

Located on the sixth floor of the building, the three-bedroom, two-bathroom residences feature gas fireplaces, wraparound balconies and views of parklands, city, Adelaide Hills and beyond. 
 

3. <a href="/buildings/tranquilla-255-military-road-west-lakes-shore">Tranquilla, West Lakes Shores</a> 
Address: 255 Military Road, West Lake Shores SA 5020 
Three-bedroom townhomes from $1,350,000

[smartcode_project:default project_id=21646]

Located on Adelaide’s coast, Tranquilla is a collection of luxury beachside homes delivered by LuxeHaus Developments and Circa Property Group. West Lakes Shore, the quiet hero of Adelaide’s metro coastline, offers an unbeatable coastal location within close proximity to the CBD.

Only two luxury beachfront homes remain within the development. Priced from $1.35 million, the residences feature natural Italian stone surfaces, six-star bathrooms, architectural landscaping and ocean views. 
 

4. <a href="/buildings/two-four-six-246-unley-road-unley">Two Four Six, Unley</a> 
246 Unley Road, Unley SA 5061 
Three-bedroom apartments from $1,350,000

[smartcode_project:default project_id=6124]

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, Two Four Six features large glass balconies, sandstone terraces, floor-to-ceiling windows and ample storage.

NB: This article was updated March 8
</body></html>

Urban takes a look at four of Adelaide's most luxurious residences on the market today

April 2021: Adelaide's top luxury residences on the market right now

With many&nbsp;projects expected to reach completion over the coming year,&nbsp;Urban&nbsp;has decided to take a look at five&nbsp;soon-to-be-completed&nbsp;developments&nbsp;offered in&nbsp;Queensland.

1. Cello, Greenslopes 
Address: 5-9 Flora Street, Greenslopes QLD 4120 
One-bedroom apartments from $349,000

<img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/cellogreen.jpg?itok=6EyWDysZ" width="580" />

Set for completion in May, Cello Apartments is the latest addition to Brisbane&rsquo;s Greenslopes. Delivered by CS Development Group, the project offers one, two and three-bedroom residences just four kilometres from the Brisbane CBD.

Resort-style facilities, such as a swimming pool, sauna and spa, and fully equipped gym will be on offer to residents, alongside an on-site library, rooftop observation deck and boardroom.

[smartcode_project:default project_id=28592]

2. <a href="/buildings/opus-16-18-chelsea-avenue-broadbeach">Opus, Broadbeach</a> 
Address: 16-18 Chelsea Avenue, Broadbeach QLD 4218 
Two-bedroom apartments from $599,900

<img alt="" class="image-article-full-width-580px" height="295" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/morrisopus.jpg?itok=2yOuTK57" width="580" />

Morris Property Group&rsquo;s Opus Broadbeach project is slated for completion in mid-2021, allowing potential buyers the time to discover all this development has to offer before moving in. Located in the heart of Broadbeach, the project offers open-plan living, smart design and an enviable location with views over the ocean and Surfers Paradise.

Residents will have access to a two-level recreation deck, open-air pool, landscaped yoga lawn and fully equipped gym.

[smartcode_project:default project_id=6999]

3. <a href="/buildings/terraces-on-sandi-46-portal-street-oxley">Terraces on Sandi, Oxley</a> 
Address: 46 Portal Street, Oxley QLD 4075 
Three-bedroom townhomes with price available upon request

<img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/sandi.jpg?itok=mLou_91E" width="580" />

Located in Brisbane&rsquo;s south-western suburb of Oxley, Terraces on Sandi provides affordable and contemporary living. Delivered by Privium Developments, the homes are slated for completion in May and are set to offer spacious two-storey designs.

The townhomes will include a private courtyard, double garage and some designs additionally boast a walkout balcony off the bedroom. Residents will be in close proximity to amenities such as childcare centres, schools, parklands, sports grounds and libraries.

[smartcode_project:default project_id=24491]

4. <a href="/buildings/mali-residences-4-6-alexandra-avenue-mermaid-beach">Mali Residences, Mermaid Beach</a> 
Address: 4-6 Alexandra Avenue, Mermaid Beach QLD 4218 
Two-bedroom apartments from $765,000

<img alt="" class="image-article-full-width-580px" height="455" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/malires.jpg?itok=iYMwQ9sQ" width="580" />

Dankav Developments&rsquo; Mali Residences offers 55 contemporary residences in one, two and three-bedroom configurations, with apartments available from $765,000. 
Designed by BDA Architecture, the project features a striking fa&ccedil;ade, open-plan entertaining spaces and luxury amenities. Located on the ninth floor is a range of leisure facilities, including a resort-style pool, sauna, gym and residents&rsquo; lounge.

[smartcode_project:default project_id=9088]

5. <a href="/buildings/plaza-central-maroochydore-10-18-pikki-street-maroochydore">Plaza Central, Maroochydore</a> 
Address: 10-18 Piki Street, Maroochydore QLD 4558 
Two-bedroom apartments from $435,000

<img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/plaza-central-maroochydore-10-18-pikki-street-maroochydore-ee0498ba5b937cfe1f662117432d732e_1.jpg?itok=VQx9D_PM" width="580" />

Currently under construction, Plaza Central&rsquo;s first building is scheduled for completion in the last quarter of 2021, offering affordable and spacious apartments from $435,000. Developed by Pindan, the project is located within walking distance to the new Maroochydore CBD and the major retail precinct.

The Sunshine Coast development will be designed by Sprout Architects, offering a choice of two colour palettes, smart contemporary interiors and views overlooking lush greenery and the coast&rsquo;s retail hub.

[smartcode_project:default project_id=22041]

Urban takes a look at five new developments in Queensland that are expected to reach completion in the coming year.

5 QLD residential developments completing construction in 2021

<html><body>
The Bondi Beach-based Fitness First founder Tony de Leede has been busy in Queensland.

De Leede has bought three apartment in the Phoenician holiday apartment resort in Broadbeach (pictured above), as well as buying an apartment in the brand new Spyre-developed block Elysian nearby (pictured below).

He's secured two one beds and a two bed apartment for a combined $1,017,000 in Phoenician, the Queens Avenue block developed by Jim Patis in 1996.

He's also spent $795,000 on a two bedroom apartment in the recently completed Elysian.

<img alt="" height="886" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/elysian_.jpg" width="1200">

The 130 sqm apartment with a wrap around balcony sought $900 a week after the purchase, reflecting a strong six per cent yield for the fitness entrepreneur.

De Leede is based in the luxury Campbell Parade block The Bondi, having spent $6.15 million upgrading from the nearby Pacific Bondi apartment, where he’s still looking for a buyer.

Last year De Leede, who founded Fitness First in 1993, sold his former Hedges Avenue, Mermaid Beach investment mansion for $6,325,000.

He retains an apartment in the Burleigh Heads Aspect complex which he bought over a decade ago, as well as properties in Port Douglas and a Gold Coast hinterland estate.  
</body></html>

The Bondi Beach-based Fitness First founder Tony de Leede has been busy buying property in Queensland.



Fitness First founder Tony De Leede buys four Gold Coast apartments

<html><body>
As more apartments are developed across the inner-city areas of Sydney, one of the most interesting outcomes is the evolution of distinct, almost stand-alone neighbourhoods.
The appeal of inner-city living is made more attractive as these neighbourhoods take on their own unique character. It’s a pattern of development that doesn’t happen overnight, but it’s a trend that helps to make the city a much more interesting market and a more appealing place to live.
The same diversity helps to seed and then drive more sustained demand from buyers who are attracted to a particular neighbourhood. The trend also reflects how Sydney’s inner-city areas are championing a new level of maturity as the city enters the ranks of other international cities that have long been renowned as being great places to live.
This diversity is important for a number of reasons, including the fact that it influences the style of development, it sustains value, creates incentives for innovation and because it builds social inclusiveness. All of which are important for the long-term appeal of inner-city living for current and future residents.
Exploring an Example
This trend is not confined to Sydney, or just the City of Sydney, it’s an Australia and worldwide trend. The inner-city used to be seen as a disadvantaged area with crowded populations and a poor standard of living, but that’s no more. Over the past 20 years inner-city living has taken on a new attraction and new meaning.
It’s now a very desirable lifestyle, and the diversity of inner-city neighbourhoods reflects how popular the trend has become, and now it looks set to rapidly accelerate in the future. Inner-city neighbourhoods can be very appealing and I am going to look at Milsons Point, as a good if not the most top of mind example, and then (in next week’s post) I will look at a recent project there, 88 Alfred Street, Milsons Point to further explore this topic.
I have selected Milsons Point for two key reasons. Firstly it’s a compact area and a very distinctive neighbourhood and it’s also easy to relate the area to the more compact North Sydney CBD, in many ways it’s a very precise example.
Milsons Point
So let’s look at Milsons Point, its immediate neighbours of Kirribilli, North Sydney and the wider North Sydney Council area and then when we return to the project at 88 Alfred Street, it will be possible to see how the character of the neighbourhood and related trends influenced the project itself, the marketing and sales results.
The North Sydney Council area has a population of around 71,025; a figure from the 2011 census that I am sure we can assume has been constantly growing. The area has a housing mix that is 87% medium density (and increasing) and incomes are markedly higher than the national average.
At just 22% far fewer people have mortgages (nationally the figure is 33%) and many more people rent in the area, some 46% by comparison to the Australian average of 29%. The area’s popularity for rental accommodation dates back to the 1930’s and also to its contemporary investment appeal.
The make-up of the three key neighbourhoods I am interested in then fit into this big picture, starting with North Sydney. North Sydney has the biggest population of 6,397 residents spread across 147 hectares and this area has the lowest population density at about 50% of Milsons Point and Kirribilli – the area was settled in 1836.
Kirribilli has some 3,654 residents, spread across 44 hectares and is home to Admiralty House and Kirribilli House. There are also lots of apartments from as early as the 1930’s. Medium density living here is well established and of late has set some record prices associated with somewhat small apartments. The area has ‘to-die’ for views.
Milsons Point was settled back in 1805 and it has the smallest population of just 2,891 residents (2011 census figures), it’s a mixed use area of just 36 hectares, is home to Luna Park and North Sydney Olympic Pool. An interesting fact is that the resident population doubled between 1991 and 2011 as the number of commercial offices started to rapidly give way to residential projects. This trend continues today and may over the next 5-years or so see all commercial space gone from the area.
Across these three areas we can see some very distinctive neighbourhoods, they were all impacted by the construction of the Sydney Harbour Bridge in the 1920’s. The area is affluent, given the low population density there’s possibly a lot more room for further re-development in North Sydney and the area is a very popular residential area greatly enhanced by its harbourside location, great rail connections and views – all of which are classic ingredients for successful medium density developments.
 
Peter Chittenden is managing director for residential of Colliers International. He can be contacted <a href="https://www.projectagenda.com.au/" target="_blank">here</a>.
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The maturing of Sydney’s inner-city neighbourhoods: Peter Chittenden

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A survey by researcher Michael Matusik has confirmed what many in the real estate industry knew or suspected – that developer claims about sales in their unit projects are often a pack of lies.
He surveyed 10 recently-completed projects with a combined 1,500 apartments in the Brisbane inner-city market and found that sales rates were, in most cases, agonizingly slow - quite a contrast to the claims of “selling fast”, “few remain” and “50% sold within the first month of release”.
He says many claims made by developers and marketers are so outrageously false, they should be investigated and prosecuted by the relevant authorities.
His conclusions: “The sales rates promoted in many new apartment advertisements are optimistic at best. In some case, there’s outright lying, which should be challenged by ASIC and the real estate institute.”
Amen to that. Project proponents who falsely claim to have made high levels of off-the-plan sales often goad gullible investors or home-buyers into hasty action, for fear of missing out. These buyers often end up with dud investments, over-priced and falling in value.
I get frequent emails from investors, usually impressionable young people, who are being pressured by accountants, solicitors or financial advisors into buying off-the-plan apartments in the inner-city suburbs of our major cities. 
They are bombarded with claims of high sales rates, never-to-be-repeated offers and the prospect of windfall capital gains. They’re under heavy pressure and highly stressed, because they’re afraid of making a decision they’ll regret. Many are unaware of the massive commissions their “advisors” will receive if they buy.
It’s the dirty underbelly of the property industry that regulators seem powerless to eradicate. But a clampdown on false claims about sales rates as a way of enticing buyers would be quite easy for ASIC or the Office of Trade Trading to police.
If Matusik can conduct a revealing survey, surely the authorities with their much greater resources can do the same or better.
His survey found that the true sales rate among the surveyed developments was just three apartments per project per month. The results ranged from one to seven sales per month per project, but the average was three sales per month. It took most of the projects 15 months to sell enough units (i.e. over 60% of the project) to start construction.
“The shortest time period to sell out a project was 21 months, while the average time was just over three years,” Matusik said. “Several projects took over four years to sell out.”
Amazing to consider these results, against frequent claims by project proponents of having sold half the units even before the launch of marketing, or having sold out most of the project in the first weekend of marketing. Often an expression of interest is classified as a sale.
Media reports such claims as gospel, when often they’re shameless fabrications. Journalists don’t challenge anything anymore.
Matusik says: “We need some clear rules. For mine, an off-the-plan sales can only be reported as ‘sold’ if the contract is signed, unconditional as to finance and the stipulated deposit has been paid.”
This issue will get worse before it gets better, given the upcoming tsunami of new apartment projects in Melbourne, Sydney, Brisbane and Perth as our major cities head into an era of over-supply.
TERRY RYDER is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can  <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
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