Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Broadbeach apartments

Developer Polycell Group, who is currently developing The Rochester in Broadbeach, looks like it has it's eye firmly locked in on their next development site.

Records show they've spent $15.5 million buying 19 apartments in the Sandpiper building at 155 Old Burleigh Road. They were bought from developer Peter Priest from Trenert, who earlier in the year decided to abort their plans to buy out the rest of the owners when rival developers secured apartments to scupper the redevelopment.

The stoush went to court, with Trenert claiming the rival developers used information that was subject to a confidentiality deed, after they had made a $40 million offer to secure the whole project.

Polycell was founded in the 1970s by current director Robert Ching-Chin Hsu. Starting life as a packaging and materials company in Taiwan, Polycell branched out and is now the largest privately owned air bubble cushion producer in the world today.

No doubt they will now work on the rest of the owners in the building.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="d692b541-1154-4a16-a8dc-7a20a7f1b059" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%202.29.58%20pm.png?VersionId=.APH4BEfZiqPkz0Mc2xDm2L7s7MBZxg1" />

Despite being gazetted earlier in the year, the rules for developers to take control of a building if they have over 75 per cent of the apartments, have yet to come into force.

There have been two sales in the development this year, aside from Polycell's purchases. Two two-bedroom apartments sold for $650,000 and $755,000.

The 1,828 sqm site is located directly opposite Kurrawa Park, which will offer never-to-be-built-out views across the beach and ocean.

It sits on the corner of Broadbeach Boulevard and Albert Avenue. The other side of Albert Avenue is the towering ULTIQA Beach Haven, while behind is the under construction, twin tower development Victoria &amp; Albert by Iris Capital.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="75803a6c-d65f-4976-a0e6-df5587ceaf33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%202.33.13%20pm.png?VersionId=XBhB9EA31195oJoOsMhJLG57q4GKjIAj" />The current view from Sandpiper

Polycell is currently developing The Rochester, around 700 metres away on Surf Parade. That has 170 two and three-bedroom apartments.

It prides itself on it's extensive resident amenity. The $250 million tower features over 2,200 sqm of facilities.

[smartcode_project:default project_id=112276 project_image_fid=211183]

The whole of level four, some 1,350 sqm, will be dedicated to a health and wellness centre, which will feature a state-of-the-art gym, dry and wet saunas, a cold bath and a yoga lawn.

There will be an outside podium with a lap pool, a second leisure pool, heated spa, sun decks, barbecues, and alfresco dining spaces, all with views of the Pacific Ocean and the Gold Coast hinterland.

[smartcode_project:default project_id=112276 project_image_fid=211186]

Level 26 will home a further 930 sqm of amenity.&nbsp;

Dubbed The Executive Club, residents will have access to a sky lounge and private and communal dining spaces, anchored by a commercial kitchen for catering. A cellar room will feature individual wine and whiskey lockers.

The Executive Club will also feature state-of-the-art workspaces, including a&nbsp;boardroom, private office suites and workstations. A six-seat cinema, games room, and outdoor lounge areas, complete the amenity.

Polycell is currently developing The Rochester, around 700 metres away on Surf Parade

Exclusive: The Rochester developer Polycell locks sights on next Gold Coast apartment project

While preparing to launch its next Broadbeach apartment tower The Sterling, veteran developer Raptis has listed a prime development site in the heart of the same suburb.

They're selling a 1,548 sqm block at 5-9 Anne Avenue, with development approved plans for a 224-apartment project.

Raptis however tweaked those plans in late 2021, proposing a 35-level tower with 146 apartments designed by Bates Smart. That application is still sitting with council.

The new project submission is geared more toward owner-occupiers, with 56 two-bedroom apartments, 84 three-bedroom units, and six penthouses.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="bc40decc-a784-4b6c-ae70-992705450e75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%2010.49.53%20am.png?VersionId=k3S2WxjiIdrwRNREQEo5ohrtWf4pVW33" />The Bates Smart proposal. Image credit: Bates Smart

On the design, Bates Smart said they had been inspired by the natural beauty of the site, its desirable climate and thriving context when crafting these well appointed residences.

"Its architectural form and expression takes inspiration from the flora of the region, embodying a natural, biophilic character that is legible at all scales of the proposal," the prominent architecture firm stated in their design statement submitted in late 2021.

"A human scaled podium welcomes visitors and residents to the ground floor lobby that is nestled amongst a verdant landscape setting with deep planting zones along the street edge and perimeter ground level planting.

"The character and disposition of the podium is defined by distinct sculptural bays which echo the prevailing street scale rhythm and form along Anne Ave."

<img alt="Raptis" data-entity-type="file" data-entity-uuid="8862b1c3-d6cd-4334-a8ce-cb26fc5e1d99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%2010.34.12%20am.png?VersionId=4ZImr70B1hL0S9uRMBwNaPiwce8WYiGu" />The Bates Smart proposal. Image credit: Bates Smart

GV Property Group's Luke Reaby and Antonio Mercuri are selling the development, and they've already had interest from local builder developers.

"There are limited sites left in the CBD of Broadbeach this close to the beach that come with development approval," Reaby says.

"Anne Avenue is one of the best street in Broadbeach, being walking distance from the Oracle, the beach, Casino and Pacific Fair.&nbsp;This appeals to all demographics&nbsp;and makes for any development to be a very saleable/demanded project."

Pezet Matheson's Jayde Pezet, who provided revenue advice, says Broadbeach is widely recognised as the lifestyle epicentre of the Gold Coast.

"Located in Southern Broadbeach, Anne Avenue represents a prime site with a wide 51 metre street frontage. The site has strong city, ocean and hinterland view corridors and is located only footsteps from the beach. Mid and high-level apartments will capture spectacular ocean views to the East.

Overall, the site is in a highly desirable location, close to Broadbeach’s CBD, providing purchasers with superior walkability and an exceptional coastal lifestyle

Pezet Matheson have been master agents across a number of Broadbeach projects over the years, including Little Projects' Signature Broadbeach, The Oracle, and the well-known Star Residences.

Pezet says they are confident in achieving a sales rate of between $11,000 to $16,000 per sqm, inclusive of internal and balcony space.

Raptis is turning its attention to The Sterling Broadbeach on George Avenue, which they are soon to launch.

They reconfigured the tower extensively after understanding the change in market conditions, paired with continually growing construction costs. They have taken off 17 levels of the approved Koichi Takada-designed tower, now&nbsp;

[smartcode_project:default project_id=101620 project_image_fid=210398]

"The approved design, which was first conceived over two years ago, has been subject to detailed investigations in terms of marketability and constructability," the minor change submission to the Gold Coast City Council noted.

"These investigations have determined that the approved product mix is no longer suitable for the current property market both in terms of the type and amount of product proposed.

<a href="/news/qld/first-look-exclusive-raptis-to-chop-17-levels-off-the-sterling-broadbeach-apartments">Read more:&nbsp;First look exclusive: Raptis to chop 17 levels off The Sterling, Broadbeach apartments</a>

"More importantly, it has been determined that the approved design is no longer feasible from a construction perspective due to the substantial changes that have occurred within the construction industry in terms of build costs and material supply.

[smartcode_project:default project_id=101620 project_image_fid=210397]

"Given the challenges that have been identified as part of ongoing investigations, it has been determined that the size and scale of the development must be reduced in order to allow for it to progress to the construction phase of the development process."

They're also in the final stages at Pearl Main Beach, their 30-level tower on Main Beach Parade.

All of the two-bedroom apartments are sold out. The three-bedroom apartments are priced from $1.8 million.

[smartcode_project:default project_id=106752 project_image_fid=169993]

GV Property Group recently sold Raptis' other development approved site in Chelsea Avenue, Broadbeach to Amalgamated Property Group.

Read more:&nbsp;<a href="/news/qld/first-look-amalgamated-property-group-double-down-on-broadbeach-apartment-market-with-raptis-site-acquisition">First look: Amalgamated Property Group double down on Broadbeach apartment market with Raptis site acquisition</a>

They're selling a 1,548 sqm block at 5-9 Anne Avenue, with development approved plans for a 224-apartment project

Raptis list prime apartment development site in the heart of Broadbeach

Canberra-based developer Amalgamated Property and partner Base Development have hit a major milestone at its Gold Coast tower, Amaya Broadbeach.

They've now sold over 50 per cent of the 120 apartments which are now under construction at 30 First Avenue.

The 33-level tower, just 300-metres from the beach, has two-bedroom apartments starting from $1.25 million, and three-bedroom apartments from $1.29 million.

[smartcode_project:default project_id=111866 project_image_fid=205111]

DBI Design have focused on creating a harmonious relationship between the building and its natural surroundings, allowing residents to indulge in views of the Hinterland, the ocean, and the vibrant greenery of nearby parks and streets.&nbsp;

There are only four apartments per floor, so residents are getting the best of both worlds with a high-level of amenity which is expected in a high-rise tower, with the exclusivity and privacy of a small number of apartments on each level.

[smartcode_project:default project_id=111866 project_image_fid=203516]

The apartments feature open-plan layouts, allowing for generous living spaces that seamlessly flow onto large private balconies.

Premium finishes and high-quality inclusions can be found throughout the apartments, including premium stone, engineered timber flooring, and top-of-the-line Smeg appliances, as well as floor-to-ceiling glass windows, strategically positioned to maximise both natural light and the views in every home.

[smartcode_project:default project_id=111866 project_image_fid=205115]

Amaya also offers residents an abundance of resort-style amenities, including a lap pool, state-of-the-art gym, yoga terrace, spa, sauna, and steam room.

Amaya residents will have easy access to what makes the Gold Coast so sought-after, while also being near to everyday conveniences such as cafes, shops and transport links.&nbsp;

[smartcode_project_cta:default project_id=111866]

The 33-level tower, just 300-metres from the beach, has two-bedroom apartments starting from $1.25 million, and three-bedroom apartments from $1.29 million

alisonwarters@gmail.com

Amaya at Broadbeach hits major sales milestone

The final penthouse at Beach House by Andrews Projects has sold to an interstate buyer for $6 million after just three weeks on the market.

Herron Todd White Director Luke Nichols believes the sale is the highest price per sqm rate achieved for an apartment in Broadbeach. The sale of the 261 sqm apartment represented a price per sqm of nearly $23,000.

Beach House features 12 full-floor lavishly appointed sky homes, offering occupants the lifestyle and proportions of traditional family homes, but with views ordinarily experienced from beachfront high rises.

[smartcode_project:default project_id=94971 project_image_fid=208771]

Nichols says the luxury residential sector is the strongest of any Gold Coast market, with the first half of 2023 continuing to see robust activity in in coastal suburbs like Broadbeach, Main Beach, and Mermaid Beach, indicating that the demand for prime positioned, avant-garde properties remains resilient, and is in fact growing.

“The main drivers in the prestige market continues to be lack of supply, particularly for unique properties such as Beach House, as well as buyer impatience with regards to building a home or buying an apartment ‘off the plan’ that won't be finished for some time - often years,” Nichols said.

“In many instances buyers have shown that they will pay a noticeable premium for luxury residences that are ready to occupy now. The Beach House apartment sale reflects this - it is available to move into straight away.”

The sale of the final Beach House residence marks the completion of the project that focused on prioritising space and offering high-quality amenities and finishes.

“Our vision for Beach House was to bring house-sized proportions into an apartment space; floorplans are functional and provide similarities to purchasers’ current homes, making the transition into sky living seamless,” said Andrews Projects Marketing Manager Sarah Andrews.

“We want every resident to say ‘I wish we did this sooner,’ and we’ve absolutely achieved this.”

[smartcode_project:default project_id=94971 project_image_fid=208762]

Architects bureau^proberts handled the design of Beach House, incorporating the Andrews Projects signature traits of floor-to-ceiling glass and elegant curves.

The exterior sets the tone for the interior which optimises each apartment’s surrounding ocean views, assimilating a natural and&nbsp;organic aesthetic gained through liberal use of curved travertine that when paired back with soft timber accents, echoes the exterior form.

“The typical buyer in this prestige market is not as influenced by the 'ebb and flow' of the economic cycle or rising interest rates,” Nichols added.

“They are typically downsizing from a large family home with considerable equity, and don’t want a residence or holiday home that looks like most other properties, they are not interested in ‘cookie-cutter’ living.”

[smartcode_project_cta:default project_id=94971]

Beach House features 12 full-floor lavishly appointed sky homes, offering occupants the lifestyle and proportions of traditional family homes, but with views ordinarily experienced from beachfront high rises

Andrews Projects set Broadbeach apartment record for Beach House penthouse

While it's all about Broadbeach in 2023, the pipeline of apartment developments in with council likely means 2024 won't be too much different.

The latest plans are for a 24-level, mixed-use hotel and residential tower, with 36 hotel suites and just six high-end apartments at 23 Margaret Avenue, on the corner of Margaret Avenue and the busy Surf Parade.

Surf Parade has been a hotbed for developers in recent years. Polycell are currently selling The Rochester, Mosaic Property have Marella, Gallery Group have Chalk and North, and Polites has an unnamed project at 152 Surf Parade. The new project will sit right next door to Bassar's Infinity tower.

The application has been submitted by&nbsp;The Legacy M Pty Ltd, which is directed by Brisbane-based&nbsp;Brian McDonald and Phillipines-based Manuel Hao Osmena, who is the chairman of the Manny O Group which has interests in tourism,&nbsp;airline catering, airport services and wine.

Tonic Design has put together the plans for the project, which includes two ground level retail tenancies and separate lobbies for the hotel and the apartment residents. Both will have a concierge.

Level two will be a hotel lounge and buffet area, reception, waiting area, a gym, and an infinity pool. A function room for the hotel is located on level three.

Heading up the tower are 70 sqm one-bedroom suites, a max of three on each level.

From level 16 there are 217 sqm, full floor apartments with three bedrooms.

A sprawling three-level penthouse tops the tower. There are four bedrooms and a multi-purpose room on level one, a kitchen living and dining space and media room, on level two, and a gym with private terrace on the roof. The other half of the rooftop is a hotel meeting room and a pool.

Mixed-use hotel and apartment project have gathered steam in recent years across the Gold Coast.

Developer KTQ has been a big driver in the trend. Last year they submitted <a href="/news/qld/ktq-set-to-bring-surfers-paradise-the-highest-level-of-beachfront-luxury">plans for a mixed-use project</a> on their massive Garfield Terrace, Surfers Paradise amalgamation.

Recently receiving sign off from the Gold Coast City Council,&nbsp;Serēn (pronounced serene),&nbsp;will comprise an independent luxury, 60-room hotel, with some suites offering over 100 sqm of living space, and 60 apartments, the smallest on offer spanning a huge 350 sqm and offering three-bedrooms and a multi-purpose room.

Their huge development in Kirra Point also has a hotel component within one of the two residential apartments towers currently under construction.

First look: New Broadbeach apartment tower to combine hotel and apartment lifestyle

Broadbeach demand has continued to soar in 2023.

The latest success in the booming market has come from prominent South East Queensland developer Mosaic Property Group, who have sold out their first ever Broadbeach project, Marella by Mosaic.

It took less than six months for buyers to snap up nearly all 98 two and three-bedroom apartments, as well as the Mosaic Masterpiece Series sub-penthouses, across the 30-level Surf Parade tower.&nbsp;

The strong result for the multi award-winning developer led to construction being brought forward, with their internal building arm, Mosaic Construction, kicking off on-site in late 2022. Marella's expected completion is in early 2025.

After receiving significant early interest before hitting the market mid-last year, Mosaic snapped up the site next door, something which Mosaic Founder and Managing Director Brook Monahan said was a "no brainer."

They did the same with Dawn in Mermaid Beach, following the sell-out of Bela by Mosaic a few doors away on Peerless Avenue.

Now Mosaic are readying Lily by Mosaic, on Rosewood Avenue, just behind Marella around 100 metres away.

<a data-entity-type="file" data-entity-uuid="0e714063-5c9b-4aa3-bdf6-ee2b9f281068" href="/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach"><img alt="Lily by Mosaic" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lily%20by%20Mosaic%20hero.jpg?VersionId=guH0iwtISeT._E0tAqzH_LF.lxLrc57K" /></a>

Monahan says the unveiling of the $160 million project&nbsp;was accelerated to fulfil the ongoing levels of enquiry for Mosaic product on the Gold Coast.&nbsp;

"Fortunately, the market has been traditionally quick to respond to our releases because of the quality, our track record and our commitment to exceptional design," Monahan says.

"Marella sold $94 million in five weeks of its initial release to our VIP database, and we now have nine sold-out projects under construction across the Gold Coast region.

Monahan believes Mosaic product continues to resonate with the market due to a combination of their track record, and the fact they also build their own developments, handling the quality control aspect of the project as well.

"While the buyer pool still remains smaller than a year ago due to consumer sentiment, but picking up again, so is the opportunity to secure a premium apartment in such a prime location from a developer with an unblemished track record of delivery," Monahan says, adding that people are people are recognising that fact.

<a data-entity-type="file" data-entity-uuid="7cbb9955-3fec-4938-ad5b-99d2691f7edb" href="/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach"><img alt="Lily by Mosaic" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lily%20by%20Mosaic%20living%20area.jpg?VersionId=nx1ennWpJAorP9w_8v0odbHyGPiNBcJn" /></a>

"We believe this is why Mosaic product continues to resonate with the market. An incredible amount of work and consideration goes into site selection and customer-centric design to ensure our developments meet the market, reflecting how people want to live.

"We cater specifically to owner-occupiers with generous sizing, maximum functionality, superior quality finish, wide-ranging resort-style amenities, and high-demand locations close to lifestyle offerings. And, critically, buyers can be assured that we will.

"Delivering on the promises we make to our customers is what drives our business. The fact we control every aspect of the development process, including construction, and maintain the caretaking and management well after the completion is especially reassuring for buyers.

"It isn't easy, but Mosaic Construction gives us a genuine market advantage in tough times, enabling us to influence outcomes and mitigate risk in critical areas such as labour and supply of materials while also ensuring we maintain a tight oversite on quality control."

<a data-entity-type="file" data-entity-uuid="1bb45537-d983-49ae-b05a-6654dc3a6bc7" href="/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach"><img alt="Lily by Mosaic" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lily%20by%20Mosaic.jpg?VersionId=bHFdUrIzFp8wy8nc8kuUvaQv6F9sZ4y." /></a>

Lily by Mosaic and Marella are located directly opposite Nikiforides Family Park, which allows for protected, uninterrupted ocean views and is a quiet reprieve from the densely populated Broadbeach Boulevard.

Of a similar scale and aesthetic to Marella and Dawn, Lily comprises 98 two and three-bedroom apartments and Mosaic Masterpiece Sky Homes over 28 levels.

There will be five-star amenity which focuses on health, wellness and community, such as a resort-style pool, a wellness centre with gym, sauna and steam room, and outdoor dining and lounge areas on the ground floor. There is also a top floor Residents' Lounge with kitchen, dining space, library and workstations.

As a&nbsp;Mosaic Property Group Sustainable Development, Lily by Mosaic&nbsp;it will include a wide-range of sustainability initiatives, the extent of which far exceeds legislative requirements.&nbsp;

[smartcode_project_cta:default project_id=114071]

Monahan says the unveiling of the $160 million project was accelerated to fulfil the ongoing levels of enquiry for Mosaic product on the Gold Coast

Mosaic to launch Lily by Mosaic in Broadbeach after selling out neighbouring Marella

The last sky home in Broadbeach's recently completed Beach House development by Andrews Projects, has hit the market.

The newly launched penthouse, which has a price guide of $6.5 million, crowns the 14-level building which features a curved facade designed by bureau^proberts.

There are just 12 full-floor apartments in the Australia Avenue building, featuring open-planned floorplans, north-facing views, and large floor-to-ceiling windows.

Andrews Projects Sales Manager Sarah Andrews said Beach House was designed with owner occupiers in mind, with the majority of purchasers to date being downsizers. A number of buyers came from Victoria.

“Our vision for Beach House was to bring house-sized proportions into an apartment space; floorplans are functional and provide similarities to purchasers’ current homes to make the transition into sky living seamless," Andrews says.

Each home features a kitchen island bench over four metres long, as well as a butler's pantry, dual work from home spaces, a second multi-purpose room and access to the exclusive resident’s only rooftop, complete with a heated infinity pool, spa, gym, sauna and a sunken lounge.

“We don’t expect Residence 1201 to last long, the amount of interest we receive on a daily basis for Beach House is phenomenal - it’s been very well received by the market as there is nothing comparable to in Broadbeach and won’t be for a long time," Andrews added.

“The design and consideration of the site in relation to its neighbours has been really well thought out; the exterior is alluring and features the signature Andrews Projects curves, while extended concrete slabs and vertical blades work as functional sun protectors and privacy screens."

The first 10 residences sold within a week of launching to market back in 2021. Buyers are expected to move in within the coming weeks.

Andrew Projects is currently developing Cascade in Robina, a $250 million, two-tower project set within one hectare of resort-style landscaping and amenity.

[smartcode_project:default project_id=135618 project_image_fid=210936]

A 25-metre magnesium pool, gym, spa pool and sauna form part of the state-of-the-art wellness centre, while generous landscaping complements the lush communal areas which include an amphitheatre and private poolside cabana.

The development, which is due to commence construction in mid-2023, is now selling the second tower apartments, which start from $750,000 for a two-bedroom unit.

The newly launched penthouse, which has a price guide of $6.5 million, crowns the 14-level building which features a curved facade designed by bureau^proberts

Andrews Projects release Beach House penthouse in Broadbeach

The Canberra-based apartment developer Amalgamated Property Group have doubled down on the Broadbeach apartment market.

Having successfully recently launched Amaya Broadbeach at 30 First Avenue, now under construction and 40 per cent sold, the Graham Potts-led company has secured a prime site just 700 metres away near Nikiforides Park.

It's the 1,820 sqm Chelsea Avenue site that was&nbsp;put together for Raptis by local development amalgamation specialists GV Property Group in early 2022.

Raptis had&nbsp;development approved plans for a 41-level, Archidiom-designed tower with 180 apartments.

Three-bedroom apartments dominated the plans, some 144 on offer. The remaining 36 apartments were two-bedders.

The recreation level was planned for level four, where there&nbsp;will be a&nbsp;swimming pool, residents' lounge, community living area including barbecue and outdoor dining area, gardens, a gym, sauna, and a&nbsp;yoga / meeting room. APG has tweaked the plans and will launch&nbsp;<a href="/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity Broadbeach</a>&nbsp;in late 2024.

<img alt="Raptis Chelsea" data-entity-type="file" data-entity-uuid="2ff36c6e-8423-40f3-81ed-8805d0a2066b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-22%20at%202.00.57%20pm.png?VersionId=AjHYqcBS4BaDfvVjqYh17wlK5NdWzC3J" />The plans submitted to council by Raptis. Image credit: Archidiom

Raptis are still in the Broadbeach apartment market. They're soon to launch The Sterling at 6-8 George Avenue.

They recently went back to council to chop 17 levels off the tower, dropping the density from 138 apartments to 80, an even split of two and three-bedroom units.

<a href="/news/qld/first-look-exclusive-raptis-to-chop-17-levels-off-the-sterling-broadbeach-apartments">Read more:&nbsp;First look exclusive: Raptis to chop 17 levels off The Sterling, Broadbeach apartments</a>

APG's new acquisition will be another joint venture with their project partner Base Developments, who they are working with on Amaya.

Amaya is now on track for completion in late 2024 after a strong start to its marketing campaign.

Gold Coast Builders GCB Constructions kicked off the earthworks in December, and started the foundation work in January.&nbsp;

<a href="/news/qld/amalgamated-property-group-starts-construction-of-amaya-broadbeach-apartment-tower">Read more:&nbsp;Amalgamated Property Group starts construction of Amaya, Broadbeach apartment tower</a>

Nicholas Clydsdale, Senior Director of CBRE Residential Projects, said the combined strength of APG and Base Developments and their ability to commence projects without financial restrictions imposed by lenders, positions Amaya as a rare gem in the current market where buyers are seeking certainty.

It's the 1,820 sqm Chelsea Avenue site that was put together for Raptis by local development amalgamation specialists GV Property Group in early 2022

First look: Amalgamated Property Group double down on Broadbeach apartment market with Raptis site acquisition

Established Melbourne-based residential developer Glenvill and Gold Coast based QNY Group have announced their new joint construction company, Glen Q Constructions, will build their new Broadbeach apartment development,&nbsp;Sunset Residences.

QNY Group and Glenvill joined forces to develop the 21 Broadbeach Boulevard site, in what will be Glenvill's first foray into the Gold Coast apartment market.

They recently launched the 16-level tower, which has just&nbsp;11 full-floor beach residences, one half-floor residence, and a tri-level penthouse with a private rooftop terrace.

They're now set to jointly undertake construction of the project, designed by Contreras Earl Architecture and with interiors by Plus Architecture.

[smartcode_project:default project_id=111843 project_image_fid=209981]

Glenvill are renowned as residential specialists, and are Australia’s most awarded builder. They have a residential pipeline exceeding $2 billion along with a forward order book of construction projects in excess of $250 million.

Glenvill Developments CEO Len Warson says the creation of the entity will ensure Sunset Residences is delivered to an unprecedented standard.

“Glenvill has a 60-year history delivering upmarket residential homes," Warson says.

"We only build homes and apartments, and have unrivaled experience delivering high-end finishes with exceptional attention to detail, which is what is expected in luxury builds like Sunset Residences."

[smartcode_project:default project_id=111843 project_image_fid=209980]

Warson said it became obvious that they needed&nbsp;certainty that the builder on this project would deliver the high level of quality they demanded.

“We soon realised that the only way to ensure that level of quality would be met was by taking on the responsibility of building ourselves - this way we can ensure the end product will not only meet buyers’ expectations but exceed them."

QNY Group Director Anthony Quinn, who has long been an admirer of the Broadbeach Boulevard corner site which will offer uninterrupted 270 to 360 degree view corridors that capture panoramic views from Surfers Paradise to Coolangatta, says&nbsp;Glen Q Constructions is the ultimate culmination of strength through collaboration.

"With Glenvill and QNY Group’s experience combined we have the skillset and resources needed to produce a high-end boutique development," Quinn says.

“The Glenvill brand is known for high quality, reliability and safe delivery and this security combined with QNY Group’s understanding of the residential sector and thorough local knowledge will ensure we deliver a timeless project to be signposted as a new level of luxury for living on the Gold Coast.”

Construction of Sunset Residences is expected to commence in August 2023.

[smartcode_project_cta:default project_id=111843]

They recently launched the 16-level tower, which has just 11 full-floor beach residences, one half-floor residence, and a tri-level penthouse with a private rooftop terrace

Glenvill, QNY Group announce new joint construction company, Glen Q Constructions

Ahead of its launch next month, developer Polycell Group has released a sneak peek at the extensive amenity planned inside their new Broadbeach apartment tower, The Rochester.

The impressive facilities will span two whole floors in the $250 million Surf Parade project which will have 170 apartments across 39 levels.

The whole of level four, some 1,350 sqm, will be dedicated to a health and wellness centre, which will feature a state-of-the-art gym, dry and wet saunas, a cold bath and a yoga lawn.

[smartcode_project:default project_id=112276 project_image_fid=211189]

There will be an outside podium with a lap pool, a second leisure pool, heated spa, sun decks, barbecues, and alfresco dining spaces, all with views of the Pacific Ocean and the Gold Coast hinterland.

Level 26 will home a further 930 sqm of amenity.&nbsp;

Dubbed The Executive Club, residents will have access to a sky lounge and private and communal dining spaces, anchored by a commercial kitchen for catering. A cellar room will feature individual wine and whiskey lockers.

&nbsp;

The Executive Club will also feature state-of-the-art workspaces, including a&nbsp;boardroom, private office suites and workstations. A six-seat cinema, games room, and outdoor lounge areas, complete the amenity.

[smartcode_project:default project_id=112276 project_image_fid=211193]

Polycell secured the 1,815 sqm corner block on the corner of Surf Parade and Brittania Avenue in 2021. The three-site amalgamation was put together and then sold by&nbsp;GV Property Group.

The Rochester Project Director, Eastview Australia Managing Director Graham Goldman, says Polycell’s vision from the outset has been to deliver a premium residential building featuring upmarket apartments and five-star amenities comparable to the best hotels in the world.

“We appointed Rothelowman to style the five-star amenities and we are pleased to say the treatments we are putting in at The Rochester will be truly exceptional,” Goldman said.

[smartcode_project:default project_id=112276 project_image_fid=211190]

“A great deal of consideration has gone into the building design to target the needs, wants and desires of luxury apartment buyers, particular those looking at Broadbeach.”

MOTIV Managing Director Carly Cottam, who is in charge of sales of The Rochester, said the level of amenity at The Rochester was “beyond market expectations”.

[smartcode_project:default project_id=112276 project_image_fid=211192]

“The residential amenity offered by The Rochester across two whole floors is an exceptional apartment offering that is attracting a great deal of interest from apartment buyers looking at upcoming Gold Coast projects,” Cottam said.

“We are seeing very strong interest in The Rochester from local and interstate apartment buyers who want to know more about the amenities, as this is one of the main criteria for apartment buyers, along with the top priorities of location and apartment size.

[smartcode_project_cta:default project_id=112276]

The impressive facilities will span two whole floors in the $250 million Surf Parade project which will have 170 apartments across 39 levels

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