For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

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<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

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The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

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Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

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Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

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The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

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The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

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According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

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Why now is the time to buy in Melbourne's premium apartment market

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.

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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."

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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

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.

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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>.

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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

Bensons Property Group

Chevron One, the sky-high tower currently being developed by Bensons Property Group on Chevron Island, has secured the highest price per sqm for an apartment on the Gold Coast.

The four-bedroom apartment, part of the Daylight Sky Homes collection, sold for $9 million to a well-known Sydney family, who intend to make the luxury apartment a local base for their vacations and school holidays. The family also acquired a three-bedroom apartment for family members.

The $9 million sale of apartment 3802 transacted at $25,000 per sqm, topping the previous record of $24,725 per sqm. The four-bedroom apartment spans over 364 sqm.

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&nbsp;

Designed by global architecture practice Marchese Partners, the architects behind the iconic Bondi Icebergs, Chevron One Residences is rapidly earning the moniker of being the ‘millionaires’ tower’ with all remaining apartments priced well over $1 million.

The oversized, light-filled residences in Chevron One will feature panoramic views over Surfers Paradise, the Hinterland and beyond. Apartments will be kitted out with&nbsp;decadent fixtures and finishes, including bespoke stone, timber joinery and European appliances by Miele and SubZero.

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Chevron One's super-penthouse is&nbsp;rumoured to have been valued at over $50 million. The double story, crowning jewel of Chevron One will be a Sky Mansion spanning close to 2000 square metres over levels 40 and 41. The super-penthouse is to be retained by Bensons’ Chairman and his wife Colleen, and offers a sky pool, a dozen car parking spaces, and bespoke interiors designed and finished to fastidious standards.

While there are only a very limited number of residences available for purchase at Chevron One, the sub-penthouse is expected to be released in the coming weeks. A leading Gold Coast estate agency has been exclusively appointed to market the whole floor residence, measuring nearly 1000 square meters.

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The offering, which occupies the whole of level 39, is priced at $30 million and features curved floor-to-ceiling windows enveloping the residence, allowing views to be enjoyed from every room.

The residence comprises five entertaining and living spaces, a bar, cellar and wine room, outdoor dining and lounge areas, plus four expansive bedrooms all equipped with ensuites and walk-in-robes. The sub penthouse, known as 1-of-One is expected to be offered to the market in late October 2022.

Chevron One is currently well under construction with established builders ICON Construction, Senior Lender Banner Asset Management, with completion expected in Early 2026.

[smartcode_project_cta:default project_id=6515]

The four-bedroom apartment, part of the Daylight Sky Homes collection, sold for $9 million to a well-known Sydney family

Chevron One secures Gold Coast sqm record in $9 million Daylight Sky Home sale

Topping out ceremonies are a time-honoured tradition that signify the successful completion of the structural phase of a project.

For centuries, these ceremonies have celebrated the moment a structure reaches its highest point, marking this milestone of construction and granting the opportunity for the individuals involved in the construction of the project to celebrate the progress made.

Modern day, topping out ceremonies are celebratory affairs that bring together project teams to observe the progress made on site, as well as an opportunity to thank the people involved in erecting the structure.

In June, Bensons Property Group and Hickory celebrated the topping out of Liberty One, Bensons contemporary Footscray apartment development.&nbsp;

[smartcode_project:default project_id=709 project_image_fid=200205]

In honour of tradition, tree or sapling branch are still included in these ceremonies. In Liberty One&rsquo;s case, a native gum tree was brought in to honour not only this tradition but pay respect to the traditional land the project stand on.

Rick Curtis, Bensons Property Group Managing Director, said the team&nbsp;are proud to have arrived at this tremendous milestone of topping out the construction of Liberty One at Footscray.

&quot;This ceremony is symbolic in many ways, but is especially importantly it is a celebration of the support provided by all of those involved in the project,&quot; Curtis said.

&quot;It is through their hard work and perseverance that it is successfully moving to completion.

&quot;Liberty One will be a landmark of the inner west of Melbourne that will welcome a lively community of new residents.&rdquo;

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There are sweeping views back to the Melbourne CBD from the Liberty One rooftop, as well as over Flemington Racecourse.

Liberty One rises 24 levels from its Warde Street site, set near the burgeoning Joseph Road precinct, some 12,000 sqm&nbsp;of restaurants, cafes and wine bars, three new parks, yoga studios, gyms and a large-scale commercial supermarket.

Liberty One&nbsp;was designed by&nbsp;CHT Architects, whose&nbsp;design intent was to create a building that reinforces the metaphorical link between the flow of the river and the dynamic culture of&nbsp;Footscray.

Residents are connected to the surrounds both inside and outside of their apartments. Each apartment features floor to ceiling windows, spacious terrace balconies and the latest in smart home technologies.

[smartcode_project_cta: project_id=709]

Rick Curtis, Bensons Property Group Managing Director, said the team are proud to have arrived at this tremendous milestone of topping out the construction of Liberty One at Footscray

Liberty One, Footscray apartment development, tops out

Benson Property&#39;s completed&nbsp;Ivanhoe apartment development, Chelsworth, showcases a stunning form, shaped to capture CBD and mountain views from its central location&nbsp;in the established north-east suburb.

Just nine kilometres from the CBD, Ivanhoe&rsquo;s leafy streets are home to families and young couples who are looking to embrace the great lifestyle of the surrounding area. &nbsp;

&ldquo;Ivanhoe is home to many established families, while an abundance of amenities, as well as proximity to public transport and major arterials, makes it a popular choice for all ages&rdquo;, Bensons general manager of sales and marketing, Andrew Crichton,&nbsp;says.

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Chelsworth, a collection of just 50 apartments designed by BG Architecture,&nbsp;is ideally positioned to experience the essence of Ivanhoe living, with its close proximity to lush parklands and enviable amenity.

&ldquo;Prestigious educational facilities and family friendly amenities have made Ivanhoe one of the most highly sought-after suburbs in Victoria&rdquo;,&nbsp;Crichton suggests.

Chelsworth is located near the longstanding and highly sought-after schools including the independent&nbsp;Ivanhoe Grammar School and and Ivanhoe Girls Grammar, as well as Alphington&nbsp;Grammar and Marcellin College within close proximity.

Chelsworth also sits near&nbsp;some of Melbourne&rsquo;s most picturesque parklands, such as Chelsworth Park, Ivanhoe Park and Wilson Reserve.

Families of all ages can enjoy walking or cycling along the Main Yarra Trail and Darebin Creek Trail, all in close proximity of this contemporary abode by Bensons Property Group.

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Ivanhoe has been attracting&nbsp;investors in recent years, due to its&nbsp;low vacancy rate of 1.81 per cent and an annual capital growth of six per cent.

The local transport links are too high on a priority list for investors. Chelsworth is ideally&nbsp;positioned for connectivity, located just a short walk from Ivanhoe station and extensive bus routes.

The Eastern Freeway puts the Melbourne CBD a 20-minute drive away, while Westfield Doncaster is just&nbsp;a 10-minute drive.

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Within walking distance is the&nbsp;bustling Upper Heidelberg Road which features a vibrant caf&eacute; culture, top restaurants, boutiques and daily shopping needs.

Chelsworth is at the heart of Ivanhoe&rsquo;s cultural sophistication and enviable amenity, including Ivanhoe Public Golf Course, Ivanhoe Makers Market and the Hatch Contemporary Art Space.

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Chelsworth showcases a stunning form shaped to capture CBD and mountain views, thanks to its great location in Melbourne’s well-regarded north-east suburb of Ivanhoe

max.kwok_55688

The gateway to Ivanhoe: An overview of Chelsworth apartments by Bensons

The Melbourne developer, Bensons Property Group, had architecture firm BG Architecture design their Ivanhoe apartment development, Chelsworth, to look like a piece of public artwork.

The aim of the&nbsp;contemporary fa&ccedil;ade was to create a&nbsp;grand compliment to the streetscape.

&ldquo;The contemporary fa&ccedil;ade incorporates a public artwork with a landscape motif responding to the character of Ivanhoe&rdquo;, BG Architecture state.

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Warm timbers and a nature-inspired colour scheme flow through the lobby and generous corridors in the development of just 50 apartments, captivating residents with its immediate sense of home.

Each residence has been designed with a classic, neutral palette for residents to add their personal touches to this welcoming space.

In the kitchen, an elegant statement of functionality is set to delight, with quality European appliances, porcelain material, stone benchtops and a concealed fridge upgrade option.

[smartcode_project:default project_id=3309 project_image_fid=169308]

&ldquo;Kitchens have been designed with the home cook in mind, with functionality and multi-use furniture a key feature to each apartment,&quot; BG Architecture advise.

Luxury finishes extend to the bathrooms with elegant features, including timber vanities, textural mosaic tiles, mirrored cabinets, bespoke shelving, and&nbsp;premium fixtures.

[smartcode_project:default project_id=3309 project_image_fid=79486]

At Chelsworth, unique floorplans have been designed with functional living in mind, through innovative and dynamic design to enrich the living experience.

Fully furnished display apartments are available for inspection.

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Only two-bedroom residences remain at the development, boasting living spaces with private balconies, expansive interiors and a timeless design

How Chelsworth, Ivanhoe apartments, became a public work of art

Chevron One, set to reign as Chevron Island's only luxury high-rise apartment tower, is about to achieve another level of luxury the Gold Coast hasn't seen before.

The Melbourne-based Bensons Property Group has released its Sky Home collection, starting from levels 31 and rising to level 41, soaring nearly 100 metres in the air. Bensons hadn't released the high-level apartments, but are now seeing&nbsp;high demand in ultra-luxury, large apartments in the sky.

When complete, Chevron One will be the tallest tower on the exclusive island, and the tallest there ever will be, with the Gold Coast City Council two years ago bringing in strict planning laws, limiting future apartment projects to 33 metres, or 12 storeys.

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Crowning the development will be the Gold Coast's largest ever penthouse. The two-level penthouse, spanning levels 40 and 41, will have nearly 2,000 sqm of living space, which will make it around double the next biggest apartment.

That will be retained by Bensons Property Group's Chairman Elias Jreissati.

<blockquote>
“With the project about to enter construction, this sculptural object will maximise the well positioned site and spectacular water views. The design of Chevron One Residences has captured the character of the Gold Coast and will soon become a true icon.” 
- Rick Curtis, Managing Director, Bensons Property Group
</blockquote>

There's the opportunity for the high-end buyer to grab the sub penthouse, which would rank as one of the biggest on the Coast, offering nearly 1,000 sqm of space. That will have five bedrooms, five bathrooms and four car garaging, and is priced at just shy of $25 million. Its size puts it near the now 10-year old Soul penthouse, which recently sold for $15.75 million.

Speaking to Urban, Bensons Property Group sales and marketing manager Andrew Crichton said he's getting a lot of high end enquiry from Sydney and Melbourne, particularly downsizers whose kids have left home.&nbsp;&nbsp;

There's been particular interest from Potts Point, one of Sydney's most affluent suburbs.

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Working with Marchese Partners, the Sky Home floor-plates start from over 130 sqm for the two-bedroom apartments, which are priced from $1.5 million.&nbsp;

There's a number of three and four-bedroom Sky Homes, some spanning half and full-floors. Four-bedroom apartments, with over 360 sqm of living space, are priced from $7.25 million.

Marchese Partners made the view the hero in the design of the tower, with floor-to-ceiling windows and doors out to balconies that offer uninterrupted and never-to-be-built-out views across Surfers Paradise.&nbsp;

The kitchen benchtops will be finished with Calacatta inspired stone, and some will feature a butler's pantry, Sub Zero wine fridges, even dedicated full wine rooms.

Construction is planned to commence in the fourth quarter of 2021.

[smartcode_project_cta: project_id=6515]

There's a number of three and four-bedroom Sky Homes, some spanning half and full-floors

Chevron One adds further level of luxury, with the new Sky Homes release featuring the Gold Coast’s biggest ever penthouse 

Chronicle Armadale is a collection of just 31 three-bedroom residences, located on the dress circle&nbsp;High Street and set&nbsp;in one of Melbourne&rsquo;s most established retail and lifestyle destinations.

Apartment 304 is the last remaining three-bedroom apartment available&nbsp;in the refined development, boasting an intelligent floorplan and flexible spaces.

Delivered by Bensons Property Group, Chronicle has a strong sense of composition, with flexibility and expression.

[smartcode_project:default project_id=2845 project_image_fid=169729]

&ldquo;From the beginning, Chronicle has been inspired by movement. The same concepts which form classical dance &ndash; grace, poise, strength, tradition, beauty &ndash; have driven us to craft new homes of rare beauty&rdquo;, Bensons&rsquo; Rick Curtis said.

The apartment presents an elegant aesthetic, with the use of sliding panels for flexibility, energy efficient initiatives and stylishly appointed interiors.

[smartcode_project:default project_id=2845 project_image_fid=169324]

Set over a total area of 116sqm, the third-floor apartment includes two bathrooms, an open-plan living and kitchen, built-in robes and a balcony.

The carefully selected interior palette includes elegant materials and textures inspired by copper and herringbone.

[smartcode_project:default project_id=2845 project_image_fid=169339]

In the kitchen, integrated Miele appliances are complemented by stone benchtops, a beautiful splashback and fine, 2 pac gloss-finished cabinetry.

Although Melbourne&rsquo;s dining scene is internationally renowned, staying home at Chronicle is also an attractive option, thanks to considered residences, abundant light and a feeling of relaxation.

[smartcode_project_cta: project_id=2845]

Delivered by Bensons Property Group, Chronicle boasts a strong sense of composition, with flexibility and expression

A look inside Apartment 304: The last remaining residence at Armadale’s Chronicle by Bensons Property Group

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Bensons Property Group is hosting a grand opening event this Saturday to launch its latest apartment project, <a href="/buildings/liberty-one-1-warde-street-footscray">Liberty One</a> in Footscray. The event will be held at the project display suite situated at 10 Moreland Street, Footscray from 12pm onwards. 

Visitors to the event will have the chance to win an exclusive helicopter experience at Levantine Hill, including return helicopter flights for 4, 8-course degustation lunch with award winning wines to match, private wine tasting, and gift bag valued at $5000

Located in the heart of Footscray's rapidly-evolving Joseph Road Precinct at 1 Warde Street, the CHT-designed building will rise 24-storeys and comprise 350 apartments with a mix of 1,2 and 3-bedroom configurations on offer, with interiors designed by SORA.

<blockquote>
"Natural light and linear design nous was part of the inspiration for this design. The design is predominantly glass paired with a white façade creating a light airy feel to the building. The subtle use of black in the window detailing creates contrast and brings uniformity to the overall aesthetic.

Communal spaces have been incorporated into this design including a rooftop garden with a fire pit and entertaining area. There is also a cinema for residents to enjoy."

- CHT Architects
</blockquote>

The project will also feature car parking across four basement levels, ensuring Liberty One presents an active street interface, supported by 10 retail tenancies at ground level. At its summit, Liberty One will be crowned with an outdoor rooftop terrace.

<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/twcr10093_liberty_one_e01_exterior_hero.jpg" rel="gallery-all" title="Bensons Property Group is launching Liberty One this weekend. Image: Bensons Property Group"><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/twcr10093_liberty_one_e01_exterior_hero.jpg?itok=6fV9qz0s" title="Bensons Property Group is launching Liberty One this weekend. Image: Bensons Property Group" width="580"></a>

<figcaption>Bensons Property Group is launching Liberty One this weekend. Image: Bensons Property Group</figcaption></figure>Liberty One will be joining an estimated 7,000 new dwellings in the Joseph Road Precinct, which is rapidly being transformed from an industrial and manufacturing hub into a thriving inner-city village. The Joseph Road Precinct represents 15 hectares of developable land, bounded by Hopkins Street, the Maribyrnong River and the railway line, which has been identified as a Priority Development Zone in the City of Maribyrnong's Structure Plan for Footscray.

According to Bensons Property Group, residents within Liberty One will benefit from a vibrant village of residential, office, retail and riverside recreation. With  Footscray Station just a short walk away, residents can travel direct  to the CBD in under 8 minutes, while the Maribyrnong River offers respite via it's walking and cycling trails and open space.

<blockquote>
"At its core, it’s all about atmosphere; this is a community of like-minded residents, within an active and connected precinct—with all the benefits that you expect from urban living. At the western gateway to Melbourne, Liberty One creates opportunities for a growing coterie within a secluded village precinct just 5km from Melbourne CBD.

Residents can meet with friends for a drink, draw inspiration from the area’s entrepreneurial business culture, or just absorb the metropolitan lifestyle of Footscray in a café or by the river. These brand-new apartments deliver all the everyday conveniences you could need, right at your front door."

- Bensons Property
</blockquote>

<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/twcr10093_liberty_one_ia02_rooftop_common_area_lounge.jpg" rel="gallery-all" title="Liberty One's rooftop communal lounge. Image: Bensons Property Group"><img alt="" class="image-article-full-width-580px" height="375" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/twcr10093_liberty_one_ia02_rooftop_common_area_lounge.jpg?itok=Oib04Igx" title="Liberty One's rooftop communal lounge. Image: Bensons Property Group" width="580"></a>

<figcaption>Liberty One's rooftop communal lounge. Image: Bensons Property Group</figcaption></figure><h2>Liberty One Launch Event Details:</h2>

Location: 10 Moreland Street, Footscray

Date: Saturday 30 March

Time: 12-4pm

Activities/entertainment include:

<ul>
<li>Display Suite tours</li>
	<li>Complimentary catering by locals "Up In Smoke"</li>
	<li>Complimentary barista coffee, tea, etc</li>
	<li>DJ</li>
	<li>Children’s activities such as face painting and balloon artist</li>
</ul>
<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/011_1.jpg" rel="gallery-all" title="The interior of Liberty One's display suite. Image: Bensons Property Group"><img alt="" class="image-article-full-width-580px" height="348" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/011_1.jpg?itok=JJ-XzcC3" title="The interior of Liberty One's display suite. Image: Bensons Property Group" width="580"></a>

<figcaption>The interior of Liberty One's display suite. Image: Bensons Property Group</figcaption></figure><h2>Project Details:</h2>

<ul>
<li>
Address: 1 Warde Street, Footscray 3011</li>
	<li>
Developer: Bensons Property Group</li>
	<li>
Architect: CHT Architects</li>
	<li>
Interior Design: SORA Interiors</li>
	<li>
Landscape Architect: Tract</li>
</ul>
<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/7kUGYIw5T7Y" width="100%"></iframe>
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urban.com.au

Bensons Property Group to launch Liberty One project in Footscray this weekend

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The Melbourne residential market has experienced years of unprecedented growth that saw prices peak in November 2017.

Now, after decades of rapid price hikes, the market is starting to self-correct to a level more traditionally akin to a ‘normal’ market, with organic ebbs and flows.

The recent correction, however, has sent waves of concern among buyers and industry commentators alike, with many pronouncing that this might signify the end of the fabled ‘bubble’.

But Australia has seen this many times before, and each time the market bounces back stronger than ever.

After each downturn, of which there have been at least half a dozen since 1980, the market has recovered within a short time and prices have resumed on a steady upward rise.

Seasoned property stalwarts such as Elias Jreissati of Bensons Property Group, and Leonard Teplin from Marshall White Projects have seen it all before, watching as Melbourne’s cyclical market rose and fell countless times over the years.

They say the market has reached real value levels and market fundamentals point to a positive upswing in 2019, meaning now might just be the best time to pounce, and make the most of current conditions while they last.

<h2>What they say...</h2>

<blockquote>
“The apartment market for off-the-plan remains consistent, with enquiry meeting demand through most of 2018 within strong areas of Melbourne. Given the relative affordability of finance for couples, these buyers are happy to invest more, move to stronger areas or purchase bigger apartments. Subsequently our average sale price of an off-the-plan apartment rose to $963,000 this year.

There will always be demand for well-designed and appointed projects within good locations, close to amenities and infrastructure offering carefully considered floorplans that cater to the end buyer’s needs. These basic fundamentals have buoyed Melbourne’s property market and continue to get stronger.”

It’s true that certain sections of the buying market have had to seek alternative methods to access credit, but that hasn’t diminished the appetite for good property. What we’re seeing is a slew of new lenders filling those gaps for first home buyers, downsizers and families who are still looking to buy new apartments or town homes off-the-plan.

Unemployment rates are at record lows, Australia’s GDP went up by 0.7% last quarter and construction and infrastructure investment remains incredibly strong. Buyers are buying and developers that are meeting demand with quality product are selling – there’s no doom and gloom in the wealth belt of Boorondara, Stonnington and Bayside.”

- Leonard Teplin, Director, Marshall White Projects
</blockquote>

 

<blockquote>
“The market will always ebb and flow – the extent of the current softening is highly exaggerated and sensationalised. The Melbourne housing sector had very strong growth for nearly 10 years, it is natural that there will be a slowdown for a while.

The fundamental driver of housing is population growth and it continues unabated. Overseas immigration is still strong, people are still growing up and wanting to move out of home, downsizers are still wanting to downsize and people wanting to own their own home still aspire to do so. These facts never change.

With the mad heat having dissipated from the market, there should be more quality stock available for the discerning purchasers. The thing with property is that if you own it for the long term, it always forgives you and profits you.”

- Elias Jreissati, Group Chairman, Bensons Property Group
</blockquote>
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Now is the Time to Buy say Industry Stalwarts

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Melbourne developer Bensons Property Group is spearheading the transformation of Chevron Island, taking to sales the island's first high-rise residential tower.

Sited directly behind the heart of Surfers Paradise, Chevron Island has been earmarked for increased high-density living. To that end, the number of high-rise towers proposed for Chevron Island has mushroomed, although Bensons Property Group will be the first sizeable project to market with Chevron One.

Designed by Marchese Partners, Chevron One is a $230 million project across a 2,627 square metre site that includes 247 apartments.

<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/image242_1.jpg" rel="gallery-all" title="Chevron One. Image: Bensons Property Group"><img alt="" class="image-article-full-width-580px" height="409" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image242_1.jpg?itok=TtOHAPIe" title="Chevron One. Image: Bensons Property Group" width="580"></a>

<figcaption>Chevron One. Image: Bensons Property Group</figcaption></figure>A <a href="http://www.mediahunt.com.au/bensons-launch-230m-chevron-one-tower/">recent piece</a> published by Media Hunt featured Bensons chairman Elias Jreissati. On Chevron One he said the following:

<blockquote>
We’re seeing the city setting itself up for a golden era of growth and Chevron Island is on the cusp of playing its role in this transformation.

It’s home to a thriving local village, yet it’s close to this amazing and extensive arts precinct on the doorstep of iconic Surfers Paradise. Our proposal is to embrace that village vibe and enhance it further.

Careful consideration has gone into our first development foray outside of Melbourne and the Gold Coast is performing very strongly on the fundamentals of population growth, major infrastructure spending and affordability.

With that in mind, we see Chevron as the first of many Gold Coast apartment developments for Bensons in the coming years.
</blockquote>

<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/image259_0.jpg" rel="gallery-all" title="New Chevron Island perspectives"><img alt="" class="image-article-full-width-580px" height="649" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image259_0.jpg?itok=x6fMhl7v" title="New Chevron Island perspectives" width="580"></a>

<figcaption>New Chevron Island perspectives</figcaption></figure>With Chevron Island's future heading toward increased higher density living, 11 residential developments of note have identified for the enclave. Combined these projects are capable of adding a further 1,414 apartments to the island.

7 of the 11 projects are considered high-rise; examples include 30-36 Mawarra Street, <a href="/new-apartments/surfers-paradise-qld-4217">166-174 Stanhill Drive</a>, <a href="/new-apartments/surfers-paradise-qld-4217">17-21 Thomas Drive</a> and Brisbane developer Citimark's intended tower at 2-8 Mawarra Street.

More modest apartment projects are also at planning or have been approved. Most recently Marquee Development Partners have sought a planning permit for 266 Stanhill Drive; the BDA Architecture-designed project spans 9 levels and includes 61 apartments.

See below a collection of apartment developments that collectively may well change Chevron Island into a national apartment hot spot.

<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/image254.jpg" rel="gallery-all" title="Stanhill Drive is in line for another apartment project. Image: BDA Architecture"><img alt="" class="image-article-full-width-580px" height="397" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image254.jpg?itok=KU6uFDCz" title="Stanhill Drive is in line for another apartment project. Image: BDA Architecture" width="580"></a>

<figcaption>Stanhill Drive is in line for another apartment project. Image: BDA Architecture</figcaption></figure>
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silvermb

Chevron One heralds the beginning of Chevron Island's transformation

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Although applications for substantially tall apartment towers have eased over recent times within City of Stonnington, two current development applications across Prahran and South Yarra represent the next sling of smaller sized towers for the municipality.

A 14 storey apartment building at 10-16 Cecil Place is being sought by Bensons Property Group. The quiet Prahran thoroughfare is eventually expected to be graced by the Fender Katsalidis-designed building that includes 92 dwellings, with the vast majority of those encompassing two bedrooms.

10-16 Cecil Place along with <a href="/buildings/vanguard-781-807-dandenong-road-malvern-east">Vanguard</a> and <a href="/buildings/chronicle-960-high-street-armadale">Chronicle</a> sees a total of 447 dwellings across various stages of development within Stonnington under the Bensons umbrella.

<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/image6_12.jpg" rel="gallery-all" title="The Cecil Place development as envisaged from Chapel Street. Planning image: Fender Katsalidis"><img alt="" class="image-article-full-width-580px" height="315" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image6_12.jpg?itok=Cf4NyvXg" title="The Cecil Place development as envisaged from Chapel Street. Planning image: Fender Katsalidis" width="580"></a>

<figcaption>The Cecil Place development as envisaged from Chapel Street. Planning image: Fender Katsalidis</figcaption></figure>Replacing a low-rise commercial building which spans the 1,263sqm site, 10-16 Cecil Place's proposal carries an estimated cost of development of just under $21 million.

Existing built form precedents in the immediate area rise to a similar height, with the most notable being Caydon's Troligi development. Set atop four basement levels for 96 vehicles, 10-16 Cecil Place's ground floor will also include a 229sqm food/drink venue and a 127sqm retail outlet.

Fender Katsalidis have taken steps to compliment yet distance the tower from the adjoining property which carries heritage value. Expression lines across the proposed podium facade match the scale of the heritage facade, with a similar degree of density also employed, as opposed to the tower proper's glazed finish.

Whilst 10-16 Cecil Place shapes as a future Bensons project, Vanguard is at construction. With ABD Group enlisted as builder, Vanguard includes 3 basement levels supporting 18 above ground levels and 323 apartments, 2 retail spaces and a gymnasium.

<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/image45_4.jpg" rel="gallery-all" title="121-123 Commercial Road. Planning image: Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image45_4.jpg?itok=4z_y4Chd" title="121-123 Commercial Road. Planning image: Elenberg Fraser" width="580"></a>

<figcaption>121-123 Commercial Road. Planning image: Elenberg Fraser</figcaption></figure>121-123 Commercial Road on the other hand represents Headland Properties' latest foray into the Melbourne apartment market.

Partially sited above the adjacent rail corridor, Headland's proposal includes a ten storey building, with VicTrack and structural engineering specialists having been included during the design stage. In preliminary feedback, City of Stonnington expressed concern about the buildings intended height of 33.8m, which exceeds the preferred height of 18 metres for the area as specified by the proposed Activity Centre Zone overlay.

In its submitted form, the Elenberg Fraser-designed 121-123 Commercial Road includes two retail spaces totalling 267sqm, 80 apartments, 88 car spaces and 42 bicycle spaces at ground level. Key to the design is a large courtyard fronting Commercial Road, which doubles as the building's major design feature.

From a public perspective, 121-123 Commercial Road also includes a new 3m wide proposed public footpath / bike path linking Osborne Street and Balmoral Street that would be maintained by the building's future body corporate.
</body></html>

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