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

Cbus Property

As the bustling capital city of Australia and the proud host of the upcoming 2032 Olympic Games, Brisbane continues to evolve and redefine its skyline.

Amidst the city's rapid growth, 443 Queen St, currently in the advanced construction phase, stands tall as a future landmark development.

Developed by Cbus Property, one of the nation's most awarded property investors and developers, the project will offer 264 apartments with a mix of one, two, three and four-bedroom floorplans.&nbsp;

[smartcode_project:default project_id=6226 project_image_fid=37090]

Designed by the internationally acclaimed architectural firms WOHA and Architectus, 443 Queen St takes full advantage of Brisbane's climate and natural surroundings.

The residences are afforded with unprecedented views of the Brisbane River, Story Bridge, and Kangaroo Point, blending the serenity of the river with the vibrancy of the city.

The floorplates maximise view lines from every angle, while also promoting natural airflow and cross flow ventilation.&nbsp;In harmony with Brisbane's subtropical climate, the building boasts a design that 'breathes', allowing residents to enjoy the fresh air and create a sense of connection with nature.

The emphasis on sustainable and energy-efficient design sets 443 Queen St apart as a world-class development. The integration of lush gardens throughout the building not only enhances the aesthetic appeal but also contributes to reducing energy consumption.

[smartcode_project:default project_id=6226 project_image_fid=37148]

Residents will also benefit from a full-floor recreation deck, complete with a 25-metre riverside infinity pool, a state-of-the-art gym, dining room, and cabana lounges.&nbsp;

Located between Queen Street and the Brisbane River, the development is strategically situated next to the heritage-listed Customs House and neighbouring park, while also being near to the best the CBD has to offer, including a range of cafes, restaurants, and retailers.&nbsp;

[smartcode_project_cta:default project_id=6226]

433 Queen Street will offer 264 apartments with a mix of one, two, three and four-bedroom floorplans

alisonwarters@gmail.com

Cbus Property to complete 443 Queen Street, Brisbane, this year

Cbus Property has announced the practical completion of its 17 Spring St residential development on the fringe of the Melbourne CBD.

Architecturally designed by Bates Smart and constructed by Hacer Group, the $300 million development occupies a 1,270 sqm site at the east end of Spring Street, formerly occupied by the Mercure Melbourne Treasury Gardens.

The 33-level tower comprises&nbsp;73 two and three-bedroom apartments, as well as a handful of half and whole-floor apartments each with views overlooking the Treasury and Fitzroy Gardens.

Cbus Property’s Chief Executive Officer, Adrian Pozzo, said that 17 Spring St had set a coveted new benchmark for premium residential apartment developments in Melbourne.

[smartcode_project:default project_id=8666 project_image_fid=77385]

“Achieving practical completion on 17 Spring St marks the momentous conclusion of a journey that began when Cbus Property acquired the site six years ago, following the success of our pioneering 35 Spring St residential project, which sold out off the plan and was completed in 2017,” Pozzo said.

“The overwhelming success of 35 Spring St, another highly esteemed venture with Bates Smart, made it clear there was significant pent-up demand for Melbourne’s premium apartment market.

“17 Spring St has certainly been an equally illustrious journey, with a number of whole-floor amalgamations and new record sales results, as we continue to experience strong owner-occupier demand for premium residences and well-placed product.”

[smartcode_project:default project_id=8666 project_image_fid=77388]

Bates Smart Director, Cian Davis, said that 17 Spring St raised the benchmark that was 35 Spring St.

“We wanted to create a building where the interior and exterior is one fully integrated proposition, adding a timeless building design to the grandeur of Spring Street,” he said.

17 Spring St has become home to around 150 new residents who have access to a resident 25-metre pool and gymnasium on Level 2 and a private dining room, wine cellars and landscaped outdoor terrace on Level 3.

[smartcode_project:default project_id=8666 project_image_fid=212780]

“In addition to Cbus Property’s proven track record as a developer and Bates Smart’s reputation for world-class architecture, the exclusive Spring Street location has enticed myriad buyers seeking a city lifestyle,” Pozzo added.

“At the ‘Paris end’ of the CBD, 17 Spring St has the very best of Melbourne on its doorstep, from the gardens and the sports precinct, to the theatres and the restaurants in the surrounding laneways – and all with the added bonus of convenient accessibility to getting in and out of town.

“Each residence has been designed to savour the magnificent panoramic outlook to the Treasury and Fitzroy Gardens and beyond, with living areas enjoying a strong sense of connection to the outdoors.

[smartcode_project:default project_id=8666 project_image_fid=77387]

“The gardens will never be built out so that view will always be there, providing residents with the priceless opportunity to explore one of the state's oldest heritage-listed public gardens at their doorstep – and in the middle of Melbourne's CBD, no less.”

Victoria’s Minister for Planning, The Hon. Sonya Kilkenny MP, officially opened 17 Spring St during a private event for project stakeholders and residents recently.

Hacer Group commenced site works in December 2019 following the demolition of the former Mercure Melbourne Treasury Gardens hotel.&nbsp;

Cbus Property are seeking a tenant to occupy or buy the 130 sqm ground floor retail space.

Architecturally designed by Bates Smart and constructed by Hacer Group, the $300 million development occupies a 1,270 sqm site at the east end of Spring Street, formerly occupied by the Mercure Melbourne Treasury Gardens

Cbus Property announce practical completion of Melbourne apartment tower 17 Spring St

Seven years after securing a development site in Brisbane's Spring Hill, national property developer Cbus Property has revealed it's plans for the site.

Cbus Property, who are set to complete their other Brisbane apartment tower 433 Queen Street next year, have proposed a 30-level tower at <a href="/news/qld/cbus-property-propose-sustainable-rothelowman-designed-brisbane-apartment-development">185 Wharf Street, Spring Hill</a>, one of Brisbane's most popular inner-city suburbs.

Rothelowman have designed the striking building which will have 125 apartments. They are targeting a 5 Star Green Star rating for the project, and a Nathers rating of 7.5 Stars. There are a number of sustainable features in the project, which will be 100 per cent electric. There will be EV charging, PV panels, and rainwater harvesting which will help create a more sustainable way of living.

Rothelowman noted in their submission to the Brisbane City Council that 185 Wharf Street embodies the&nbsp;empirical learnings from the rapid evolution of multiple dwelling architecture in SEQ and responds to the market demand from prospective residents for quality, sustainability and the integration of technology.

<img alt="Rothelowman Cbus Spring Hill" data-entity-type="file" data-entity-uuid="459270f1-770d-438b-9759-f103a2363203" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-05%20at%209.30.17%20am.png?VersionId=jysmVJ6PhjQz2l7Wh4mIwBStRbpeVqCT" />

"It is proposed that an increasingly global awareness for the importance of environmental and social sustainability is closely aligned with the elevated expectations of people seeking quality higher density housing typologies in Australian urban centres," the report read.

"This enlightened longer-term focus is considered necessary to successfully respond to the increasing urbanisation of our cities and at the same time capture the opportunity to positively enhance urban living environments.

"The realisation of these core objectives will assist in promoting physical and mental wellness of individuals, create a meaningful sense of community and serve to leverage the utility of existing infrastructure to control the urban footprint."

Cbus Property are committed to the owner-occupier market, with not a single one-bed apartment on offer. They've pitched for 60 two-bedroom units, 45 three-bedroom apartments, and 20 four-bedders. There will be 233 resident parking spaces across the four basement levels of parking, and 32 bicycle spaces.&nbsp;

The apartments hav been designed to&nbsp;have a large balcony that is well connected to the living space.

"The tower has a front yard and backyard conceptual overlay which allows each unit to feel like a bespoke home," Rothelowman's report continued.

<img alt="Rothelowman Cbus Spring Hill" data-entity-type="file" data-entity-uuid="a356ac40-eaba-411c-9445-a9f1112bc4bd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-05%20at%209.33.19%20am.png?VersionId=ufSv.aeNQz8tcmJx0yfZ4S1t0k6md4c9" />

"The balconies align up the tower as the mix changes to ensure architectural integrity is maintained."

There are a number of sky terraces which occupy the top of the southern tower form. They feature expansive backyards with trees and private pools.

The resident amenity will be located on the second level and is designed as a "natural Queensland escape". Dubbed "The Conservatory", residents will have access to a jungle gym, lap pool, kids play baths, magnesium baths, a sunbathing area, numerous alfresco areas, a gym with sauna, and a private dining room.

<img alt="Rothelowman Cbus Spring Hill" data-entity-type="file" data-entity-uuid="87e6e42b-e7d9-4b7f-957f-1ff850c05828" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-05%20at%209.32.56%20am.png?VersionId=8y_efCWg.419TbnXuH5mXqYFU4KGyWVF" />

"The resident recreation amenity is considered an extension of the new subtropical Queensland apartment and offers prospective residents a sophisticated level of luxury only previously found in the single detached dwelling," Rothelowman added.

"185 Wharf Street will establish the Spring Hill Neighbourhood precinct as a re-imagined subtropical inner-city residential enclave at the doorstep of Australia’s New World City – Brisbane."

Cbus secured the 1,835 sqm site in 2015, paying $14.6 million for the block. At the time it had approval for 141 apartments across 15 levels.&nbsp;

<h2>Project Snapshot</h2>

<ul>
	<li>30-level tower</li>
	<li>125 units</li>
	<li>60 x two-bed, 45 x three-bed, 20 x four-bed apartments</li>
	<li>233 resident parking spaces</li>
	<li>32 resident bicycle spaces</li>
	<li>Level two amenity with&nbsp;jungle gym, lap pool, kids play baths, magnesium baths, a sunbathing area, numerous alfresco areas, a gym with sauna, and a private dining room.</li>
	<li>EV charging</li>
	<li>Rainwater harvesting</li>
	<li>PV panels</li>
</ul>

Cbus secured the 1,835 sqm site in 2015, paying $14.6 million for the block. At the time it had approval for 141 apartments across 15 levels

Cbus Property propose sustainable, Rothelowman-designed Brisbane apartment development

National integrated property developer and investor, Cbus Property has announced the appointment of Hutchinson Builders on the next phase of works on its residential tower on the Brisbane CBD riverfront, 443 Queen St.

They&#39;ll be taking over from the collapsed builder Probuild, who were in the final stages of the construction process before their demise.

The announcement marks Cbus Property&rsquo;s third collaboration with Australia&rsquo;s largest privately owned builder, following appointments on the 205 North Quay commercial office tower in Brisbane, which is currently under construction, and The Langston Epping, a recently completed three-tower residential development in Sydney&rsquo;s north west.

[smartcode_project:default project_id=6226 project_image_fid=37089]

Cbus Property&rsquo;s Chief Executive Officer, Adrian Pozzo, said the business was again &ldquo;proud to partner with Hutchies&rdquo;.

&ldquo;We are confident the appointment of Hutchinson Builders, one of Australia&rsquo;s most renowned and reliable builders, will deliver this iconic residential tower for Brisbane&rsquo;s city skyline to the highest possible standard,&rdquo; he said.

&ldquo;As communicated to our purchasers, since commencing preliminary works on site three weeks ago, Cbus Property, together with Hutchinson Builders, continues to finalise subcontractor negotiations and prepare a revised construction programme. Once finalised, we will provide an update to purchasers with a more definitive completion timeline.&rdquo;

[smartcode_project:default project_id=6226 project_image_fid=37148]

Hutchinson Builders&rsquo; Director, Russell Fryer, confirmed that the contractor was already on site at 443 Queen St, with initial works underway.

&ldquo;We have a long and proud history delivering similar premium high-rise residential projects across Australia,&rdquo; he said.

&ldquo;We have a handpicked team that has recently completed a five-star hotel, The Langham Gold Coast, demonstrating our ability to achieve the high-quality outcomes expected for 443 Queen St, and we are working closely with Cbus Property, the consultants, subcontractors and suppliers to successfully complete this landmark building for Brisbane.&rdquo;

[smartcode_project:default project_id=6226 project_image_fid=37091]

Pozzo said that despite the delays to construction, Cbus Property remained focused on ensuring the successful completion of 443 Queen St and delivering one of the highest-quality residential buildings to be developed in the area.

&ldquo;We continue to reassure purchasers that this unique residential development is nearing completion, and that we will deliver a landmark building with the utmost attention to detail and finish,&rdquo; he said.

[smartcode_project_cta: project_id=6226]

Hutchinson Builders’ takeover of works from Probuild recommences the project’s final stages. 

Hutchinson's take over Probuild construction of Cbus Property's Brisbane apartment tower, 443 Queen St

The view from residential developers&nbsp;is that the apartment market in the Sydney CBD is more on trend and in demand than it has been in a number of years.

Adrian Pozzo, the chief executive at CBUS Property,&nbsp;says the&nbsp;CBD is set to evolve post the pandemic disruptions, with the nature of the developments being constructed and in planning dominated by mixed-use towers.

&quot;The mixed-use nature of the city has seen distinct precincts evolve, each with their own cluster of businesses and cultural, educational and entertainment precincts,&quot; Pozzo says.

At the heart of the CBD apartment pipeline is Castlereagh Street, the 1.6 kilometre long major strip which runs from Central Station toward the business precinct, stopping just shy of the harbour.

Developers have taken to the small pocket around Hyde Park, almost between St James and Museum Station.

There&#39;s a number of projects currently under construction, and a solid pipeline on the desks of the City of Sydney council.

The first project to be completed will be Castle Residences, the mixed-use hotel and apartment tower at 203 Castlereagh Street which is slated for completion in December.

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The first Australian project by Shanghai United, Castle Residences have been built above the heritage Porter House, which is being retained as a luxury lobby entry.

There are 131 apartments and around 122 hotel rooms, with the hotel to be operated by AccorHotels.&nbsp;Residents at Castle Residences will get all of the perks of being a hotel guest, such as a the 24 hour concierge, room service, housekeeping and even valet parking.

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Up the street and currently under construction is Cbus Property&#39;s&nbsp;111 Castlereagh Street, set to be a landmark in the CBD for years to come.

The striking tower, designed by fjmt studio and built atop the former&nbsp;David Jones&nbsp;department store which was originally built in 1938,&nbsp;has 101 apartments, most with views over Hyde Park.&nbsp;

Part of the development will see the David Jones component converted in to 11,500 sqm of office space, as well as a 6,200 sqm extension of Westfield.

[smartcode_project:default project_id=94354 project_image_fid=170431]

Colliers Residential Managing Director Peter Chittenden, who has been handling the sales at 111 Castlereagh Street,&nbsp;says the apartments have been designed with ample space and connection to the outdoors, which are now top priorities for Australians.

&quot;There has been strong buyer interest very much around the quality of the development and construction team, the iconic architectural building and the central CBD location&rsquo;s liveability with shopping and dining along with the expansive views spanning across Hyde Park and beyond to Sydney harbour,&quot; Chittenden says.

&quot;The prominent buyer demographic has been local Sydneysiders from the Eastern Suburbs and Lower North Shore, looking for a primary residence along with interest from regional NSW where buyers are looking for a city base&nbsp;for when they are visiting and doing business in Sydney.&quot;

Apartment residents will have access to a rooftop with a pool, gym and gardens. Construction is underway, with completion expected in Q3 2023.

[smartcode_project:default project_id=94354 project_image_fid=170426]

Across the road from 111 Castlereagh Street is set to be another impressive mixed-use development.

Last year the alternative asset manager Fife Capital, led by Allan Fife, submitted plans for a 17-level tower to&nbsp;sit alongside a heritage-conscious redevelopment of the George Bosch Chambers and St James Hotel&nbsp;building that has stood since the 1920s.

The development of two lots,&nbsp;114-120 Castlereagh Street and 139 Elizabeth Street, will see just 26 apartments built, only starting from level 10, with the rest of the building being commercial. There will be&nbsp;a mix of one, two and three-bedroom units and a two-level, four-bedroom penthouse on levels 15 and 16.

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The majority of the units will face the park, with some facing Castlereagh Street and the lower levels facing Elizabeth Street and will contain wintergreens.

A landscaped communal open space has been designed above the commercial building at level 10.&nbsp;The roof terrace provides communal facilities including BBQ area, outdoor dining and recreation areas.

And the most recent lodgement comes from Central Element, who are seeking to build a $100 million tower on the fringe of Hyde Park where the 16-storey Hyde Park Inn hotel currently sits.

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It&#39;s another amalgamation of sites on Castlereagh Street and Elizabeth Street, the latter which runs parallel to Hyde Park.

They&#39;ll be amalgamated&nbsp;two lots at 262-266 Castlereagh Street and 271-279 Elizabeth Street, planning for three retail tenancies on the upper and lower ground floors, with 53 apartments above.

The subject sites are currently occupied by a vacant four-storey commercial building as well as the&nbsp;16-storey Hyde Park Inn hotel.

At the heart of the CBD apartment pipeline is Castlereagh Street, the 1.6 kilometre long major strip which runs from Central Station toward the business precinct, stopping just shy of the harbour.

What Sydney's Castlereagh Street will look like in five years

Cbus Property is set to launch its final release in its popular north-western Sydney apartment development, The Langston in Epping.

The third and final apartment tower, dubbed Oasis, will rise 18 levels and sit along side Langston Tower and Central. Langston is all-but sold out, while Central is 70 per cent sold.

Oasis will home 92 one, two and three-bedroom apartments, with a distinctive design by Architectus seeing some floors have just four apartments.

Hutchinson Builders, who have built all three towers in the precinct,&nbsp;will be&nbsp;allowing prospective buyers to walk through a completed apartment in Oasis for the launch day November 6, inspect the finishes and furnishing the apartments will have when completed in early 2022.

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Cbus Property chief executive Adrian Pozzo said offering a completed apartment&nbsp;gives purchasers another level of confidence that what they buy will be delivered in the same way.

“This is especially important for purchasers seeking reassurance as they return to in-person property searches in the wake of Sydney’s pandemic-related lockdowns,” Pozzo said.

“At the same time, I know our project and sales teams are eager to share the results of their&nbsp;hard work throughout the past three years.”

Pozzo believes Oasis will appeal to a wide range of purchasers eager to secure a place in Epping’s premier development.

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“Even through Sydney’s recent lockdowns, The Langston has continued to sell well, with our first stage, Langston Tower, now almost sold out, and our second stage, Central, nearly 70 per cent sold,” Pozzo said.

“Now, with the release of Oasis, we are expecting interest from young professionals and families, as well as downsizers, in what will be the last chance to secure a place in Epping’s landmark project.

“With its prime location just 100 metres from Epping station, an amazing lifestyle precinct on the doorstep, and countless amenities on site, Oasis combines all the factors modern residential apartment purchasers are seeking.”

Pozzo said what's become evident in the last few years is that in the residential high&nbsp;and medium density sectors,&nbsp;homebuyers are looking for an increased level of space and amenity in and around their homes, reducing the need to venture too far from home.

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Oasis residents will have direct access to all of The Langston’s luxurious amenity, including the Sky Lounge &amp;&nbsp;Dining space, on level 22 of The Langston’s middle tower, Central, as well as lush podium-level gardens, the Pool Deck, Wellness Hub, gym and co-working space.

Oasis is The Langston’s closest offering to Epping Station and is quietly set back in a peaceful pocket of Chambers Court, away from Epping Road.

The Langston precinct features a landscaped 2,750 sqm public plaza adjoining a 2,100 sqm mixed-use retail precinct, including a supermarket, cafés, restaurants, and a number of other retail tenancies.

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The third and final apartment tower, dubbed Oasis, will rise 18 levels and sit along side Langston Tower and Central


Cbus Property to launch Oasis, the final stage of The Langston, Epping apartment development

Cbus Property have reported the sale of three luxury apartments worth $66 million in the 111 Castlereagh St development.

The buyers came from the eastern suburbs and lower north shore.

The biggest sale was a 460sq m double-storey penthouse that fetched about $35 million.

It is called the Jones Residence,&nbsp;named after Sir Charles Lloyd Jones who led the success of the David Jones expansion on which the property sits.

The residence boasts 360‑degree views across the city and towards the Blue Mountains, capturing Hyde Park, Sydney Harbour, the Eastern Suburbs and beyond.

[smartcode_project:default project_id=94354 project_image_fid=170432]

The two smaller sub penthouses in the 101-unit project sold for about $15.5 million each.

The sales marked "a resurgence in the return of Sydney city living and the ongoing appetite for high-end, primely located residential property, despite the challenges of the current COVID-19 climate,” Cbus Property CEO Adrian Pozzo said.

Selling agent Colliers Residential managing director Peter Chittenden said the four-bedroom penthouse occupies part of level 33 and the entire 34th level and includes two kitchens, living areas, a wine cellar and a butler’s pantry.

Cbus has two four-bedroom sky homes and a selection of expansive one, two and three-bedroom residences still for sale in the project set to be finished by the end of 2023.

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Three luxury apartments have been sold off-the-plan in the 111 Castlereagh St development

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$35 million penthouse sale secured in 111 Castlereagh by Cbus

The Melbourne off the plan prestige market is continuing to see heightened demand.

Two whole-floor apartments in&nbsp;Cbus Property&#39;s exclusive 17 Spring Street residential tower&nbsp;have just sold&nbsp;for a combined total of $25 million, within two weeks of each other.

The Garden Residence, spanning the whole of level 10 with a private 280 sqm plus terrace with landscaping by Paul Bangay, sold even before its marketing campaign.

Following The Garden Residence sale, another whole-floor apartment on the 31st level sold. There&#39;s now just one whole-floor apartment remaining in the whole 73 apartment building.

Adrian Pozzo, chief executive of Cbus Property,&nbsp;said the sales showed that overwhelming confidence in the market remained for well-placed product, despite the challenges generated by the COVID-19 pandemic throughout the past 18 months.

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&ldquo;Cbus Property continues to experience strong owner-occupier demand for premium residences in prime locations and our purchasers see immense value in buying at the top end of Melbourne&rsquo;s CBD,&rdquo; Pozzo said.

The $300 million 17 Spring St, architecturally designed by Bates Smart at the end of Spring Street, is set to be built on the 1,270 sqm site that was formally&nbsp;occupied by the Mercure Melbourne Treasury Gardens.

It comprises 73 two- and three-bedroom, and half- and whole-floor residences, each with views overlooking the Treasury and Fitzroy Gardens.

Construction is anticipated for completion in late 2022.

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It&#39;s Cbus Property&#39;s second success on Spring Street, having sold out their 35 Spring Street well before its 2017 completion.

Colliers International&nbsp;brokered the whole-floor sales, with their director of residential Brett Griffith&nbsp;saying that despite the challenges brought about by COVID-19 throughout the past 18 months, they cannot keep up with the demand from buyers seeking premium residences in Melbourne CBD&rsquo;s premier streets, such as Spring Street.

&ldquo;Quality apartments from quality developers are extraordinarily resilient in all markets; they very rarely shift or drop in price,&rdquo; Griffith said.

Adrian Pozzo, chief executive of Cbus Property, said the sales showed that overwhelming confidence in the market remained for well-placed product

Melbourne's prestige off the plan apartment market booms with $25 million sales at Cbus Property's 17 Spring Street

Cbus has sold one-third of the 101 apartments in its 111 Castlereagh St development, atop the former David Jones department store.

Colliers managing director, residential, Peter Chittenden told the Weekend Australia he was also "close to selling" a $30 million-plus penthouse in the project being developed by Cbus Property.

It has 460 sqm space.

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The cheapest units are one-bedrooms starting at about $3 million, while four bedroom units start from $13.5 million.

Most of the 101 apartments have views over Hyde Park in the tower designed by architects fjmtstudio.

Apartment residents will enjoy a rooftop with a pool, gym and gardens at the project where construction is underway.

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The apartments will be ready by the third quarter of 2023.

Chittenden had always expected most buyers would be local owner-occupiers and confirmed there has been no offshore money purchasing in the development.&nbsp;

[smartcode_project:default project_id=94354 project_image_fid=170427]

He confirmed most buyers hail from Sydney’s east as well as regional NSW, with several apartments purchased by high-net-worth farmers.

The Cbus tower sits above the former David Jones menswear store in Market Street with apartments, office space, and luxury retail planned by Cbus Property and Scentre, the owner of Westfield malls.

Colliers has sold one-third of the 101 apartments in the 111 Castlereagh St development

Cbus secure 33 sales at 111 Castlereagh St with $30 million penthouse next to go

Formerly a rugged industrial area, Melbourne’s inner-northwest has emerged into a cultural precinct, conveniently located on the edge of the CBD.

It has&nbsp;embraced the modern apartment movement with the&nbsp;neighbourhood's renovated warehouses and former factories&nbsp;reimagined to create a village atmosphere.&nbsp;

One of the area's newest development's is Volaire, the Cbus Property-developed block of 152 apartments across 10 levels.

&nbsp;

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Designed by Hayball, an award winning Australasian architectural practice,&nbsp;Volaire&nbsp;offers smartly-designed one and two-bedroom apartments with neutral interior tones and light-filled living spaces.

Situated at 9 Dryburgh Street, Volaire is a sleek and slender mid-rise that expertly utilizes space to provide residents with the ultimate in comfort and convenience.

With trendy coffee shops and wine bars nearby, Volaire caters to every Melbournians’ love for food, coffee and craft beer.

[smartcode_project:default project_id=2407 project_image_fid=77664]

Located in close proximity to the University of Melbourne campus and amongst renovated warehouses and former factories, the local surrounds boast a university-town vibe.

Sitting atop ground-floor retail and café spaces, this development stands out for its connectivity, located 100 metres from the entrance to the busy North Melbourne Station and one stop from the state’s principal transport hub.

It's&nbsp;a 20-minute walk from the Melbourne CBD or Docklands.

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Delivering seamless integration of the indoor and outdoor areas of each residence, generous private balconies feature floor-to-ceiling sliding doors and offer views of the bay, city and distant-ranges.

Boasting a stunning communal garden that offers breathtaking views situated on level six and dubbed “Sky Podium”, the outdoor space features both barbecue and lounge areas.

Formerly a rugged industrial area, Melbourne’s inner-northwest has emerged into a cultural precinct, conveniently located on the edge of the CBD

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