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

Joel Robinson

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

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

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

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

The apartment price gap drawing Sydney buyers west

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

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

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Brisbane

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Charter Hall Group has put No.1 Brisbane, comprising three adjoining buildings - 217 George Street, 60 Queen Street and 231 George Street - up for sale.

The properties were acquired in July 2018 with a development approval for an 81 storey residential tower scheme. 

It cost $93.96 million when bought from the Blackstone-backed 151 Property Group.

Approval to build an apartment tower to rival Brisbane’s tallest in the prime location had been secured just a month before it was offered for sale.

Brisbane has a long list of skyscraper project completion including the city welcoming the highly anticipated Brisbane Skytower, which topped out at an impressive 274 metres. 

Outlook for Brisbane’s apartment market is on the positive side, as domestic migration is seen to continue pushing up buyer demand and consequently, property prices since the onset of the pandemic.

[smartcode_project:default project_id=90553]

Rather than pursue the residential tower, Charter Hall instead increased its office occupancy and secured another DA for a landmark, 34 storey, commercial office and retail tower designed by architects Blight Rayner.

The DA comprises a total of 24,490sqm (NLA) of office space and 2,150sqm (NLA) of ground floor and podium level prime retail space over 4 storeys as well as basement parking for 94 cars and 213 bikes.

Located at the corner of George Street and the southern end of Queen Street Mall, No.1 Brisbane is being marketed as well positioned to capitalise on the $13 billion of projects in the immediate precinct including Queens Wharf, Cross River Rail, Brisbane Live and the Brisbane Metro. Office tenants include leading corporate and government agencies including Santos, Suncorp, Brisbane City Council, Shell, Telstra and QSuper.

The building's sale campaign, is being handled by CBRE’s Bruce Baker, Peter Chapple, Tom Phipps and JLL’s Seb Turnbull and Paul Noonan.
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The properties were acquired in July 2018 with a development approval for an 81 storey residential tower scheme 

jchancellor

Charter Hall lists former Brisbane residential tower development site

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Brisbane's Indooroopilly is set for a new boutique apartment tower.

A company associated with local developer and Verrecchio Property Group director Sandro Alberti has lodged plans to the Brisbane City Council for a 35 apartment block on Clarence Road.

Alberti paid $3 million for the 1,215 sqm block at 109-113 Clarence Road which had been marketed by Cushman &amp; Wakefield as a boutique mixed-use development site which allows for up to eight storeys.

<img alt="" height="1625" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/fairmont_1.jpg" width="1600">

There's already plans by Prospect Architecture for an eight level tower, not including the two basement levels of garaging. Crowning the development will be a communal rooftop with swimming pool. 

The plans suggest the development will be called The Fairmont.

There will be three two bedroom apartments and two three bedroom units on each level.

"Each unit is designed to encourage open plan living, with kitchen, dining room and living room opening onto balcony private open space", the proposal reads.

<img alt="" height="897" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/fairmont_entry.jpg" width="1600">

"Visually, the contemporary building design is consistent with the intent and character of the precinct.

"This includes a variety of materials and textures through brick cladding, rendered and painted blockwork, horizontal cladding, and metal battens assisting in the reduction of overall built form.

"The proposed landscaping and open space areas ensure the site is adequately vegetated, providing amenity for residents as well as adjoining neighbours and the relevant streetscape."

<h2>QLD properties selling now:</h2>

[smartcode_project:default project_id=26730]

[smartcode_project:default project_id=26879]

[smartcode_project:default project_id=13276]

 
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A company associated with local developer and Verrecchio Property Group director Sandro Alberti has lodged plans to the Brisbane City Council



Tower reveal: Plans lodged for boutique Indooroopilly tower in Brisbane

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Downsizers and professionals have been the most keen buyers in the inner Brisbane development Bloom on Wesley.

The 36-apartment project in Lutwyche, north of the Brisbane CBD, is 60 per cent sold with just three bedroom apartments left. A Spring completion date is slated.

Raise Projects managing director, Ramy Raymond, said the project attracted the downsizer and professional market due to the size of the three bedroom apartments, their value and their pet friendliness.

Raymond also says the fact that Raise are also building the project allows for a further level of customisation, which was a hit with buyers.

[smartcode_project:default project_id=6179]

“Even with the apartments now under construction, some customisation is still possible, which is the advantage for buyers working directly with a development team like ours, who are also building the project," Raymond said.

“Many buyers have met directly with me and our building team to explore their needs within our floorplans, and we have received a lot of feedback that our ability to listen to our buyers has helped them to purchase, to personalise their journey and really look forward to creating their new home at Bloom on Wesley.”

Mr Raymond said some buyers of the three-bedroom apartments were enjoying the flexibility of using the third room as a professional office or a hobby retreat, while some three-bedroom apartments also came with an additional multi-purpose room.

He said the need for flexible space within apartment living had been emphasized during the pandemic and will remain important as workplaces evolve to be more fluid than previously.

“Bloom on Wesley has been designed for its buyers to have everything they need for great living within their apartments and through wonderful amenities on the rooftop including an infinity pool, meditation/gym space and alfresco dining.

<a href="/buildings/bloom-on-wesley-17-wesley-street-lutwyche"><img alt="" height="802" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bloom_on_wesley_pool.jpg" width="1626"></a>

“At the same time, they are just metres from great shopping, dining, services and transport, including a new-look Crown Lutwyche Hotel that will be refurbished this year in the next block and new boutique stores at nearby Colwill Place, just a five-minute walk away.

“Bloom on Wesley offers unrivalled value for this location, which is a key factor for our buyers to live without compromise, whether they are re-sizing or downsizing.”

The three bedroom apartments range in size from 123 sqm up to 207 sqm and are priced from $695,000 up to $875,000.

 
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Raise Projects managing director, Ramy Raymond, said the project attracted the downsizer and professional market due to the size of the three bedroom apartments, their value and their pet friendliness.

Downsizers and professionals keen on inner Brisbane development Bloom on Wesley

Brisbane&#39;s ARIA Property Group have received sign off from the Brisbane City Council to build their Kangaroo Point apartment development&nbsp;which they now dubbed Riviera.

Aria, led by their founder and managing director Tim Forrester, bought three adjoining sites between&nbsp;470 and 480 Main Street&nbsp;in late 2018 and submitted plans to build on the amalgamated 2581 sqm in mid-2019.

There will be 124&nbsp;apartments across the 12 level development, not including the&nbsp;two levels of basement parking.

[smartcode_project:default project_id=93966]

Entry will be through a lush landscaped garden complete with a reflection pond and butterfly walk. On the ground level will be a&nbsp;residential lobby where there&#39;s set to be a cinema and a residents cellar and a terrace with a barbecue.

The rooftop will feature a circular rooftop pool, a green roof covering a wine bar, a number of lawns, a meadow, wellness centre, pool deck and outdoor kitchen.

Architecture firm Bates Smart have designed the building.

They say on their website that their&nbsp;vision was&nbsp;to create a distinctive architecture that captures the uniqueness of the site&rsquo;s clifftop location while maximising river and city views.

<a href="/buildings/riviere-apartments-470-main-street-kangaroo-point"><img alt="" height="672" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/riviera_3.jpg" width="1200" /></a>

&quot;The form draws inspiration from the dramatic natural land form of the Kangaroo Point Cliffs and its angular faceted forms.

&quot;The design responds to the sub-tropical climate and aims to connect internal spaces to the external environment in line with the Buildings that Breathe strategy adopted by Brisbane City Council.

&quot;Landscaping is a key component of the proposal, forming a key feature of the arrival experience and extending through all levels of the building and culminating in a generous communal rooftop.&quot;

The four timber houses that were on the combined site, as well as the two storey office area at the front, are set for demolition.

Condev Construction forecast the works will be complete by August 2022, with the main structure construction beginning in June this year.

There will be 124 apartments across the 12 level development, which doesn't include two levels of basement parking.



Aria Property Group receive approval for new Kangaroo Point apartment development Riviere

The Brisbane developer Azure Development Group&nbsp;has secured approval for another townhouse development in the Brisbane suburb of Richlands.

It&#39;s the fourth project Azure have undertaken on the popular Government Road, which has easy access to the Centenary Highway.

The approval at 182&nbsp;Government Road is for 55 townhouses, dubbed the Mason Edition.

[smartcode_project:default project_id=93956]

Designed by Red Door Architecture, each dwelling will have three bedrooms and a&nbsp;courtyard&nbsp;which has will either be&nbsp;positioned outwards along the site boundaries or facing internally within the site.

Communal space has been provided in stage one, with a new swimming pool, sun lounge area and lawn space. The&nbsp;landscape architecture and urban design have been handled by LAUD ink.&nbsp;

<img alt="" height="902" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mason_thornlands_2.jpg" width="1200" />

Azure Development director Trent Keirnan believes the townhouses&nbsp;will appeal to first home buyers&nbsp;due to the affordability of the terrace homes and professional couples as the terraces offer a low maintenance design.

On the project site, Mr Keirnan says it was chosen&nbsp;due to the close proximity to the established Forrest Lake community and the transport amenity only 300m away.

It&#39;s the fourth collection of townhomes on Government Road for Azure.&nbsp;

In 2019 they completed Alton Edition, are currently selling Flora Edition and Eden Edition is currently under construction with completion scheduled for the end of March.

The approval at 182 Government Road is for 55 townhouses, dubbed the Mason Edition.

Azure Development Group secure approval for Richlands townhouse development Mason Edition

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Whether entertaining or staying fit, outdoor areas are a vital part of residents’ quality of life.

On-site outdoor areas do not only provide convenient access to landscaped gardens but help foster a sense of community between residents and increase home values.

Dining alfresco is also a relaxing and refreshing way to enjoy a meal with friends family or solo.

Dine poolside or on you're balcony at one of these eight properties in Queensland with fantastic outdoor areas.

Urban has taken a look at eight of the best Queensland apartment developments with outdoor areas.

1. Chevron One, Surfers Paradise 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
Two-bedroom apartments from $705,000

[smartcode_project:default project_id=6515]

Bensons Property Group are developing Chevron One, a 41 level tower designed in collaboration with Marchese Partners and Byrns Lardner Landscape Architecture which is set to be Chevron Island's first high-rise.

The development has close to 2000 square metres of resort-style amenity, a 24-hour concierge service and 360-degree uninterrupted views that won't be built out. 

The project includes a Club One residents’ lounge, floating cinema, dining facilities and sculpted gardens.

Situated on Stanhill Drive, Chevron One is within walking distance to Thomas Drive cafes and retail shops, Home Of The Arts precinct, and the beach. 

2. Quay Waterfront Newstead 
Address: 57 Skyring Terrace, Newstead QLD 4006 
Two-bedroom apartments from $775,000

[smartcode_project:default project_id=90553]

Quay Waterfront Newstead by Mirvac is the latest in riverside living in Brisbane. Set in 5.5 ha of parklands, this biophilic tower weaves garden-green freshness up and around its apartments.

From the rooftop pool and cocktail garden down to the ground floor wellness centre, amenities both indoor and out abound.

One to three bedroom apartments make up a series of boutique neighbourhoods with just seven homes on each level. From level 20, three and four bedroom sky pavilions rise towards the rooftop. 

3. Cello, Greenslopes 
Address: 5-9 Flora Street, Greenslopes QLD 4120 
Two-bedroom apartments from $469,000

[smartcode_project:default project_id=28592]

CS Development Group's Cello Apartments, spanning across two striking towers comprises of a selection of one, two and three-bedroom homes, priced from as low as $349,000.

Residents will have access to resort-style facilities including a swimming pool, sauna and spa, a landscaped recreation area and a fully equipped gymnasium. There is also on-site library, or landscape rooftop observation deck providing further outdoor options.

Cello Apartments, set for completion in May is located just four kilometres from the Brisbane CBD.

4. Elegance, Mermaid Beach 
Address: 2605 Gold Coast Highway, Mermaid Beach QLD 4218 
Apartment prices available upon request

[smartcode_project:default project_id=6998]

Developed by United Investment Group, Elegance is the latest development in Mermaid Beach with a key focus on health and wellbeing flavour.

Comprising of two sky towers reaching 47 &amp; 49 levels with 522 apartments together with significant resident facilities, retail, restaurant and café precinct all architected by Raunik Design.

Each tower boasts a rooftop recreational level with BBQ and seating area, perfect for private resident parties or intimate yoga or meditation sessions.

Maximising the majestic views of the Pacific Ocean and Gold Coast hinterlands, Elegance delivers a lifestyle unlike anywhere else.

5. Koko Broadbeach 
Address: 12-14 Elizabeth Avenue, Broadbeach QLD 4218 
Two-bedroom apartments from $729,000

[smartcode_project:default project_id=6995]

The latest from Morris Property Group, Koko Broadbeach is a 99 residence tower comprising two and three bedroom apartments with sweeping ocean and hinterland views.

Dine poolside or on your balcony with a view located just metres away from the beach itself. The vibrant and connected development is just minutes from the Gold Coast’s walking and cycling paths, stunning beaches and world-class facilities.

Koko features modern fixtures, contemporary design and hotel-quality amenities, including a lap pool, lounges, modern gym facilities, private outdoor entertaining areas and gardens.

6. Mary Lane, Brisbane 
111 Mary Street, Brisbane QLD 4000 
Two-bedroom apartments from $735,000

[smartcode_project:default project_id=6229]

Sitting in the centre of Brisbane, Mary Lane offers 167 residences in one, two and three-bedroom configurations.

Perched above the Westin Hotel, residents will have access to private amenities, including a residents-only foyer, terrace pool, gym and function room.

Designed by Woods Bagot. Mary Lane’s elegant features, flawless finishes and ability to capture breathtaking views make it a desirable haven.

7. Maya Kirra Beach, Coolangatta 
Address: 1 Coyne Street, Coolangatta QLD 4225 
Four-bedroom apartments from $1,930,00

[smartcode_project:default project_id=21669]

Imbued with cool tones and a contemporary aesthetic, Spyre Group’s Maya Kirra Beach benefits from the abundant Gold Coast sunshine, the alluring coastline and the stunning ocean views.

The residence offers north-facing ocean views from generous balconies, a welcoming lobby, private residents’ dining and a resort-style pool and leisure area. Step outside to the resort-style pool and leisure area, complete with barbeque facilities, beach showers and bathrooms. 

Comprising just 15 units the spacious two and three-bedroom apartments extend over 9 light-filled levels. 

8. Midwater 
Address: 3496 Main Beach Parade, Main Beach QLD 4217 
Two-bedroom apartments from $849,000

[smartcode_project:default project_id=7356]

Live the latest in Heran Building Group's Midwater Main Beach designed by Cottee Parker Architects.

Spectacular residences are on offer with breathtaking sea views, stunning interior design and luxurious resort-style amenities. 

These include a beachfront infinity pool, smart home automation a fully equipped Well-Being Centre with Gym, outdoor Yoga, Steam &amp; Sauna Facilities plus a great selection of world-class amenities nearby.
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Whether entertaining or staying fit, outdoor areas are a vital part of residents’ quality of life

jordan_55689

Outdoor dining at its finest: 8 of Queensland's best apartment terraces

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Heralded as among the most liveable cities in the world, Brisbane offers homebuyers beautiful weather, stunning beaches and a youthful charm.

Recent forecasts from Westpac and CBA have identified property value increases in Brisbane of up to 20 per cent and 16.6 per cent over the next two to three years, respectively.

With many brand-new developments suitable for first home buyers, investors or downsizers offered at an affordable price point, Brisbane may be the ideal location to secure an apartment.

Urban takes a look at five new properties on the market in Queensland’s capital under $475,000.

1. Quay Waterfront, Newstead 
Address: 57 Skyring Terrace, Newstead QLD 4006 
One-bedroom apartments from $475,000

[smartcode_project:default project_id=90553]

Mirvac’s Quay Waterfront is Brisbane’s newest chapter of riverside living, prioritising rich and connected design.

Each residence offers open layouts, light-filled spaces and flowing balconies. The home’s amenities include sky-pavilions, rooftop pool, cocktail garden and ground-floor wellness centre.

2. Breeze, West End 
Address: 43 Ferry Road, West End QLD 4101 
One-bedroom apartments from $409,000

[smartcode_project:default project_id=8240]

Forming part of Pradella’s $1 billion masterplanned Riverside West End community, Breeze comprises luxurious apartments in Brisbane’s inner-south.

Comprising luxurious apartments with resort-style amenities, abundant green open spaces and retail offerings, the development connects residents with all they need.

A remarkable rooftop Skygarden terrace complete with a 20-metre lap pool and landscaped entertainment area crowns the 11-storey complex.

3. Mary Lane, Brisbane 
Address: 111 Mary Street, Brisbane QLD 4000 
One-bedroom apartments from $460,000

[smartcode_project:default project_id=6229]

Sitting in the centre of Brisbane, Mary Lane offers 167 residences in one, two and three-bedroom configurations.

Perched above the Westin Hotel, residents will have access to private amenities, including a residents-only foyer, terrace pool, gym and function room.

One-bedroom apartments in the development feature floor-to-ceiling glass, a balcony and a full-size kitchen with quality appliances.

4. M Apartments, Kangaroo Point 
Address: 699 Main Street, Kangaroo Point, QLD 4169 
One-bedroom apartments from $415,000

[smartcode_project:default project_id=29156]

Representing a refreshing new approach to apartment living, M Apartments offers 46 one and two-bedroom apartments, as well as three commercial properties located on the ground floor.

As the latest addition to Brisbane’s Kangaroo Point and only moments to the Woolloongabba dining precinct and the Brisbane CBD, M Apartments residents will enjoy convenience and luxury with amenities including a rooftop entertainment deck, timber flooring and a communal barbeque area with views over the surrounding suburbs.

5. Cello, Greenslopes 
Address: 5-9 Flora Street, Greenslopes QLD 4120 
Two-bedroom apartments from $469,000

[smartcode_project:default project_id=28592]

Delivered by CS Development Group, Cello Apartments is located just four kilometres from the Brisbane CBD.

For residents who value relaxation, an on-site library, or landscape rooftop observation deck provide excellent settings to unwind.

Resort-style facilities, such as a swimming pool, sauna and spa, and fully equipped gym are also on offer, as well as a multi-purpose space and boardroom.
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Recent forecasts from Westpac and CBA have identified property value increases in Brisbane of up to 20 per cent and 16.6 per cent over the next two to three years, respectively

max.kwok_55688

April 2021: The top five properties you can buy in Brisbane under $475,000

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EXPERT OBSERVER

For the past 3-4 years, many pundits have forecast that “this year” is the year for Brisbane and the city has not delivered. It has chugged along steadily but there’s been little in the way of major uplift.

But now the Brisbane boom is upon us. Hotspotting research for the upcoming Autumn 2021 edition of The Price Predictor Index shows just how strong markets are across the Greater Brisbane Area.

The number of growth markets in the Greater Brisbane Area has quadrupled since mid-2020, creating the strongest market in the six years of our quarterly surveys. The uplift in sales activity in the past six months has been extraordinary.

[smartcode_project:default project_id=90553]

Our new survey has identified 124 suburbs with rising sales activity, compared to 56 in the previous survey and just 28 in the mid-2020 survey. This means the number of growth suburbs doubled in six months and then doubled again within three months.

The previous best result in the six years of our quarterly surveys was 80 growth suburbs six years ago at the start of 2015.

At the same time, the number of plateau markets is the lowest ever, while the number of declining or danger markets has dropped from 37 eighteen months ago to just five now (we continue to classify some of the inner-city apartment markets as danger markets, with vacancies still high there).

The northern precincts continue to be market leaders in Brisbane. The Brisbane-north precinct and the Moreton Bay Region jointly have 51 growth suburbs, including 31 in the Moreton Bay region, which is a record to any LGA across Australia in the six years of these surveys.

This means that three-quarters of the ranked suburbs in the Moreton Bay Region have rising sales activity, a circumstance that makes strong price highly likely in 2021.

The Brisbane-north precinct, which has 20 growth suburbs, continues to impress as one of the strongest of the city’s sectors.

But the growth momentum is occurring throughout the Brisbane metropolitan area, with Ipswich City in the far south-west an exception.

Logan City in the far south has 17 growth suburbs, providing further evidence of the gathering recovery of markets in this precinct.

Brisbane-south (13), Brisbane-inner (11), Brisbane-easts (12), Brisbane-west (7) and Redland City (8) all have substantial numbers of suburbs with rising trajectories. But Ipswich City, with only five growth suburbs, has yet to feel the positive momentum being felt elsewhere in the Greater Brisbane Area.

It doesn’t surprise, therefore, that Brisbane markets have been performing well on price growth, with three-quarters of suburbs across the metropolitan area recording uplift in their median house prices in 2020.

In the most recent quarter, 76% of suburbs had some level of price growth.

With inner-city apartment markets still struggling with high vacancy rates, growth has been less prolific among the unit markets: 56% of the suburbs with unit markets have had growth in their median unit prices in the past year.

House price growth has been spread across the Brisbane metropolitan area, but the upper end of the market has been leading.

St Lucia in the popular western suburbs has lifted its median house price 36% to $1,525,000, while Yeronga in the inner southern suburbs has grown 38% to $1,045,000. The sough-after inner city suburb of New Farm has increased 20% to $1,750,000, while Highgate Hill is also up 20% to $1,200,000. And the most expensive of the eastern bayside suburbs, Manly, has increased 20% to $945,000.

The housing market in inner Brisbane, in contrast to the apartment market, is generally travelling well. In addition to New Farm and Highgate Hill, West End is up 15%, Woolloongabba 10%, Bardon 8% and Coorparoo 7%.

The western suburbs are doing well, led by St Lucia (36%), Fig Tree Pocket (up 18%), Sherwood (13%) and Toowong (12%). All have median prices above $1 million.

The northern suburbs also are out-performing. Inner northern suburbs with median prices above $1 million are growing, including Grange (14%), Ashgrove (13%), Ascot (8%) and Clayfield (9%).

Further north in the middle-ring suburbs, growth suburbs include Nundah (15%), Banyo (12%), Chermside (14%) and Sandgate (11%), while others like Chermside West, Kedron and McDowall have grown 8-9%. These are places with median house prices in the $600,000 to $800,000 range.

The equivalent suburbs in the south are also displaying solid growth, headed by Holland Park (12%), Tarragindi (10%) and Upper Mount Gravatt (11%). Several others are up 8-9%.

Several outer-ring precincts are also doing well. In the Moreton Bay region in the far north, growth suburbs include Eatons Hill (13%), Caboolture South (8%), Beachmere (9%) and Bellara (7%) – mostly locations with median house prices under $500,000. Given the number of suburbs with rising sales activity, we expect price growth to accelerate in this area.

In Logan City in the far south, Underwood is up 12% to $615,000, while suburbs with medians in the $400,000s and $500,000s are showing solid uplift in the 7-8% range, including Daisy Hill, Loganholme, Shailer Park and Waterford.

Terry Ryder is the founder of hotspotting.com.au

ryder@hotspotting.com.au

twitter.com/hotspotting
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For the past 3-4 years, many pundits have forecast that “this year” is the year for Brisbane and the city has not delivered



terryryder

A Brisbane real estate boom, at last: Hotspotting's Terry Ryder

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Developed around Brisbane’s historical heart, Queen’s Wharf will feature iconic contemporary architecture alongside a collection of beautifully restored heritage buildings.

Queen’s Wharf Residences is unique, as the tallest building in the precinct and the only residential tower directly connected to the outstanding facilities of the integrated resort development.

Residences have either 1, 2 or 3 bedrooms and are divided into Emerald, Ruby and Diamond tiers. Ruby and Emerald Residences will have balconies and Diamond Residences will have wintergardens with lift and tilt windows, allowing residents to fully enjoy the subtropical Brisbane climate all year round. Residents will have access to exclusive residential amenities within the tower, and also enjoy the luxury of an in-house concierge service.

The Atrium entrance on George Street directly connects the CBD through to the riverfront. From the opulent lobby you can ascend to world-class retail on Level 4 and access the pedestrian bridge to South Bank. On Levels 5 and 6 you can try your luck in the world-class gaming lounges or access the Level 6 Ballroom, and Level 7 opens up to the recreational deck community space.

Enjoy two levels of exclusive residents’ amenities. They include a 22m lap pool, spas, yoga spaces, steam room and sauna, gymnasium, wine lounge, business facilities, BBQs, private dining rooms, as well as a cinema and ample luxury indoor and outdoor seating areas.

With construction well under way, the $3.6 billion Queen’s Wharf development is destined to become the landmark that defines Brisbane to the world. A vibrant recreational and lifestyle hub featuring fine restaurants, world-renowned hotels, exciting nightlife and entertainment, and local and international retailers. Developed around Brisbane’s historical heart, Queen’s Wharf will feature iconic contemporary architecture alongside a collection of beautifully restored heritage buildings.

Queens Wharf is a spectacular project set to bring World-Class style, amenities and impact to the Brisbane skyline. A truly global space with mixed retail tenancies, heritage building conversions, parks and trails that line the river, hotels, offices and high quality apartment buildings. There is no better place to live than on the waterfront in one of Australia's greatest developments. 
 
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Brisbane welcomes Queens Wharf to the waterfront bringing high quality off-the-plan residences.

urban.com.au

Queen’s Wharf Residences gives Brisbane a World Class status!

Brisbane-based developer Pikos Group has secured approval for Skye Apartments, its $200 million luxury apartment project at Kangaroo Point.

[smartcode_project:default project_id=90059]

Skye Apartments have been designed by the local architecture firm Arkhefield who drew inspiration from the iconic Marina Bay Sands hotel in Singapore, having its own 1,000 sqm Sky Deck featuring a residents&#39; pool deck,&nbsp;a rooftop bar and a restaurant.

There will be just 68 apartments across three towers of up to&nbsp;13 levels on the corner of River Terrace and Main Street. Each building will have just two apartments per floor, with balconies along the River Terrace frontage offering city views.

There will be six penthouses, each with their own private roof terrace. On the ground level of the development there will be a gym, a sub-tropical garden and a separate cafe for the public.

<img alt="" height="672" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pikos_8_river_terrace_2.jpg" width="1200" />

Brisbane developer Pedro Pikos says the project is aimed at the booming owner-occupier market seeking inner-city living by offering spacious apartments with luxurious interiors and superior finishes.

&ldquo;We have delivered refinements that we believe creates a unique residential offering for the city by combining boutique premium apartment lifestyle with world-class amenities that you&rsquo;d expect in a five-star resort.

&ldquo;The Sky Lounge is the jewel in the crown of this design that will set this development apart for residents and as a Brisbane destination in its own right.&nbsp;

&ldquo;We have delivered refinements that we believe creates a unique residential offering for the city by combining boutique premium apartment lifestyle with world-class amenities that you&rsquo;d expect in a five-star resort.

<img alt="" height="675" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pikos_8_river_terrace_3.jpg" width="1200" />

&ldquo;Not only will each apartment provide residents superb views of the city, the design is crafted to suit today&rsquo;s modern lifestyle.

&ldquo;Everything is at your fingertips if you choose, or you can remain at home to enjoy the benefits of supreme privacy, a beautiful outlook and unparalleled amenities.&rdquo;

Access to the city and all it has to offer will be enhanced by a new pedestrian bridge proposed to link Kangaroo Point and the Botanic Gardens.

The 2,330&nbsp;sqm site was set to become a Banyan Tree residential community before Pikos Group bought it from the international hotels group.

[smartcode_project:default project_id=6257]

The Pikos development will provide four levels of basement car parking, as well as&nbsp;a port-cochere drop-off point for the public and residents to use.

Pikos has a workbook in Southeast Queensland of $1.3 billion, with a large portfolio in Kangaroo Point which is it believes is shaping up as Brisbane&rsquo;s hotspot.

&nbsp;

&nbsp;

There will be just 68 apartments across three towers of up to 13 levels on the corner of River Terrace and Main Street.


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