Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Joel Robinson

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

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According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

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The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

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For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

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Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

[smartcode_project:default project_id=138718 project_image_fid=214452]

With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

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Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Without local developer <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, it could be argued that the small suburb of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> would be left behind when it comes to both new housing and retail opportunities.

Gardner Vaughan, one of South East Queensland’s most reputable builder-developers, has been based in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> for the last decade. They plan to maintain their presence in the northern <a href="https://www.apartments.com.au/developments/brisbane-qld">Brisbane</a> suburb, just seven kilometres from Brisbane Airport and nine kilometres from the city, with the development of <a href="https://www.apartments.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah-qld-4012">Danby Lane</a>, the first major project in several years in the heart of the town centre.

GVG will retain one of the commercial spaces in the new mixed-use building for their office headquarters. It will be located in the commercial podium, alongside several other new office spaces. Below will be a street-level retail precinct designed to reinvigorate the local economy, and above, 84 brand-new apartments.

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Over 60 percent of the apartments have already been snapped up, with buyers eager to secure one of the rare new apartments in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, as well as to benefit from Gardner Vaughan’s solid reputation and long-standing presence in the local community.

[smartcode_project:default project_id=112531 project_image_fid=320117]

Gardner Vaughan identified the site at the corner of Buckland Road and Danby Lane for its proximity to key amenities. Within 400 metres of the development, <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Village offers a variety of cafes, restaurants, and pubs. <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Train Station, just 400 metres away, provides a quick 20-minute train ride into Roma Street.

The development has also attracted young families, drawn to the proximity of not one, but twelve parks, with Boyd Park and Oxenham Park being the most notable. Established families have shown interest due to the close proximity of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> State School and Mary MacKillop College.

The one- and two-bedroom apartments in the building have already been snapped up, while the larger three- and four-bedroom apartments—ranging from a generous 117 sqm to nearly 200 sqm—remain highly sought after. There are also just three exclusive luxury penthouses left to sell.

With its in-house construction capability, Gardner Vaughan has already commenced construction on-site and expects to complete the building by March 2027. It's hard to see another opportunity to buy brand new in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, where creating a site anywhere near the scale of the Danby Lane is becoming more and more difficult.

[smartcode_project_cta:default project_id=112531]

Why Danby Lane is the focal point for change in Brisbane's Nundah

<a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a>’s flagship townhouse development, Citrine Townhomes in <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a>, has reached another key construction milestone, with the first stage of townhouses now in the defects phase.

All building works for Stage 1 are complete, with the internal roads asphalted, line marking finished, and the bin store slab poured.&nbsp;All essential services, including permanent power, sewer, gas, and water, are now connected and operational.

The defects process is expected to continue until late-August.

<img alt="Citrine Townhomes, Rochedale" data-entity-type="file" data-entity-uuid="f48ad1d8-7bb2-424a-a378-2caa4d34c27d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/017%20-%20%20ROLLEY%20PHOTO%20MEDIA%20%20%20-24072025.jpg?VersionId=o5BC3LgYTwxcufsjldO8mkPww3gix1NC" />

Stage 2 is also moving forward steadily, with all townhouses sheeted, the first coat of paint applied, and joinery installed throughout. Tiling has been completed on six of the seven blocks, and the pool is scheduled to be pebblecreted by the end of August.

Stage 3 continues to gather momentum, with external cladding completed on three of the eight blocks. All townhouses have been fully roughed-in for electrical, plumbing, and air conditioning, and the first two blocks have now progressed to internal sheeting.

Stage 1 and 2 are 100 per cent sold and there are now just 10 four-bedroom townhomes left in Stage 3, priced from $1,125,000.

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Residents at <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> can also look forward to high-quality shared amenities. The residents' facility will feature a pool, landscaped areas, and a BBQ space, contributing to a lifestyle-focused community environment.

Metro’s fully furnished display home has generated strong interest locally, reinforcing the market’s confidence in the project. Stage 1 and 2 are completely sold out and Stage 3 has officially launched and is selling fast. Just 10 townhouses remain for sale in the development.

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The broader Citrine development comprises 90 three and four-bedroom townhomes designed across two to three levels, offering a contemporary contrast to Rochedale’s surrounding single-family homes.

Located just 17 km from Brisbane CBD, Citrine is within walking distance to schools, parks, and the popular Rochedale Village, home to Coles, medical services, and dining options.

Metro Property Group remains on track for project completion, with settlements forecast for Stage 1 in October/November 2025, Stage 2 in November/December 2025, and Stage 3 in January/February 2026.

[smartcode_project_cta:default project_id=136295]

First stage of townhouses at Citrine Rochedale reaches completion milestone

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.

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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.

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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.
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Bensons Property Group

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