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

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

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

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

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Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

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Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

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Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

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Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

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Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

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Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

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<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

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La Vera closes in on completion as Macquarie Park continues residential transformation

Chevron One

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

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

Chevron One, the luxury apartment tower on Chevron Island, is one step closer, as the Melbourne-based developer Bensons have appointed the well regarded and experienced construction firm, ICON, to build the 41-level building.

Construction will begin October 11 on what will be the only high-rise on the island, with the build&nbsp;expected to take just over three years to complete. Bensons are aiming for completion before Christmas 2024.

ICON are one of Australia and New Zealand&#39;s largest and most experienced construction providers. Currently that have over 75 buildings under construction, including the sell-out Signature Broadbeach tower nearby.

They&#39;ve previously built the modern Auckland apartment, retail and hotel tower, The Pacifica, and recently signed off on the luxury Circular Quay, Sydney apartment development, The Harrington Collection.

On the appointment, Bensons Property Group Managing Director Rick Curtis said&nbsp;&ldquo;For us, it&rsquo;s about selecting a builder who is able to not only execute our commitment to the design, quality and timely delivery of Chevron One, but one that can do so in a way that reflects our company mission to deliver exceptional living, whilst making a positive contribution to local communities&rdquo;.

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Luke Young, ICON Director of QLD, WA and NT, called Chevron One a landmark project for the Gold Coast.

&quot;ICON are proud to be partnering with Bensons for the construction of the project of such significance. Bensons have an established reputation of developing high quality apartments, which is something that we pride ourselves on being able to offer,&quot; Young said.

&quot;We are excited to be underway.&quot;

Chevron One is the vision of the Bensons chairman,&nbsp;philanthropist and art patron&nbsp;Elias Jreissati, who spends a considerable amount of time each year on the Gold Coast with his wife Colleen.

He wants to create an offering that epitomises understated luxury that Melbourne is accustomed to, combined with uninterrupted panoramic views over Surfers Paradise, all within an exclusive island location.

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Bensons has&nbsp;just released their Daylight Sky Homes collection, occupying the upper levels of the tower, with the best, never-to-be-built-out views of Surfers Paradise. They start from&nbsp;$1.5 million, and range up to $15 million, the price tag for the huge 1,000 sqm sub penthouse.

They held back the apartments, but there has been such demand for luxury, larger apartments in the area.

Jreissati will be hanging on to the penthouse, the largest ever created on the Gold Coast spanning nearly 2,000 sqm.

Designed by global architecture practice Marchese Partners, Chevron One is built on the principle of a strong integration between indoor/outdoor living, with oversized balconies one of the key liveability factors.

There&#39;s around 2,000 sqm of resident amenity, including two pools (one an outdoor lagoon style with a floating cinema and one indoor),&nbsp;an indoor/outdoor beach, a gym, a number of spas, a residents&nbsp;lounge with BBQ area and an outdoor sun-lounge on the podium level.

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Bensons appoint ICON to build luxury Chevron Island apartment tower, Chevron One

Any fears of oversupply across the Gold Coast were well and truly quelled in September, with data form Urbis suggesting that, if the current sales demand continues&nbsp;and no new developments are released, there would only be around four months of apartments left.

There&#39;s been a continued uptake in residential apartment projects, with some developers still seeing exceptional results in the early weeks of launching.

Urban has wrapped up all of the moves in the apartment market

Chevron One adds further level of luxury, with the new Sky Homes release featuring the Gold Coast&rsquo;s biggest ever penthouse

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Chevron One, set to reign as Chevron Island&#39;s only luxury high-rise apartment tower, is about to achieve another level of luxury the Gold Coast hasn&#39;t seen before.

The Melbourne-based Bensons Property Group has released its Sky Home collection, starting from levels 31 and rising to level 41, soaring nearly 100 metres in the air. Bensons hadn&#39;t released the high-level apartments, but are now seeing high demand in ultra-luxury, large apartments in the sky.

When complete, Chevron One will be the tallest tower on the exclusive island, and the tallest there ever will be, with the Gold Coast City Council two years ago bringing in strict planning laws, limiting future apartment projects to 33 metres, or 12 storeys.

For more information, <a href="/news/qld/chevron-one-adds-further-level-of-luxury-with-the-new-sky-homes-release-featuring-the-gold-coast-s-biggest-ever-penthouse">click here.</a>

Victoria &amp; Albert Broadbeach set to launch in October 
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The Victoria &amp; Albert Broadbeach apartment project marketing campaign will commence in October through Colliers.&nbsp;

The $800 million mixed-use development will feature more the 330 apartments across two residential towers rising 30 and 40 levels.&nbsp;Construction is expected to begin mid next year and take two years to complete, the first of many Gold Coast projects envisaged by&nbsp;Iris Capital, Sydney developer, Sam Arnaout.

The East tower known as The Albert will comprise 114 two, three and four-bedroom apartments over 30 levels.

The west tower, known as The Victoria, will rise over 40 levels and deliver 219 apartments of one, two and three bedrooms.

For more information, <a href="/news/qld/victoria-albert-broadbeach-set-to-launch-in-october">click here</a>.

Final five apartments released in Chevron Island&#39;s Allure as locals dominate sales

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The final five apartments in the sought-after Allure development on&nbsp;Chevron Island&nbsp;have been released to the market, at a time where the supply of new apartments is nearing record lows.

Each of the apartments left in the Macquarie York-developed, BDA Architect-designed building at 26-28 Dalpura Street, have three bedrooms and a multi-purpose room.

Macquarie York founder Roy Skaf said that the timing of launching Allure, which has netted over $72 million in sales,&nbsp;coincided with a demand for high-quality residences in the heart of the Gold Coast.

For more information, <a href="/news/qld/final-five-apartments-released-in-chevron-islands-allure-as-locals-dominate-sales">click here</a>.

Locals, Sydneysiders and Melburnians swoop on Esprit, S&amp;S Projects Rainbow Bay apartments

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It took just a weekend soft launch for the luxury developer S&amp;S Projects to secure over half of the sales in its latest Gold Coast apartment development, Esprit.

Esprit, at 217-227 Boundary Street, in the sought-after Rainbow Bay location in Coolangatta, sold over half of the 97 apartments on offer in the two interconnected Cottee Parker-designed buildings.

No surprise in the quick-fire sales by KM Sales and Marketing agent Jayde Pezet given the location, the fact Esprit is crowned by Club Esprit, the Gold Coast&#39;s first ever residents-only rooftop wellness centre, and the size of the apartments.

For more information, <a href="/news/qld/locals-sydneysiders-and-melburnians-swoop-on-esprit-s-s-projects-rainbow-bay-apartments">click here</a>.

Exclusive first look: Hirsch &amp; Faigen lodge plans for Mermaid Beach apartment tower, Yves

&nbsp;

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Following the launch of its boutique&nbsp;Kirra Beach&nbsp;apartment development&nbsp;The Emerson, the Melbourne-based developer Hirsch &amp; Faigen are on to their next project.

They&#39;ve lodged plans for their recently acquired 1,905 sqm Mermaid Beach site, 7-9 Mermaid Avenue&nbsp;at the northern end of Mermaid Beach,&nbsp;which was bought back in June.

H&amp;F, led by the Melbourne lawyer Daniel Faigen and Richard Hirsch, has had&nbsp;ROTHELOWMAN&nbsp;design Yves, which will comprise three&nbsp;25-level towers. They will home a total of&nbsp;145 apartments.

For more information, <a href="/news/qld/exclusive-first-look-hirsch-faigen-lodge-plans-for-mermaid-beach-apartment-tower-yves">click here.</a>

Brisbane-based developer Siera lodges Chevron Island apartment development plans

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The Brisbane-based development and construction firm, Siera Property Group, are the latest in a wave of developers heading to the Gold Coast for the first time.

Seira, headed by the managing director&nbsp;and founder Brent Thompson, has laid plans on the sought-after&nbsp;Chevron Island&nbsp;for a 17-level project dubbed Tapestry, paying homage to the Island&#39;s new Home of the Arts precinct.

The plans by the local BDA Architecture will see 83 apartments built on&nbsp;a 1,518&nbsp;sqm site at&nbsp;39-43 Darrambal Street, toward the southern end of the island.

Thompson, who sits on the board of UDIA QLD and chairs the Brisbane&nbsp;City Council&nbsp;Policy&nbsp;Committee, sees it as a shift in thinking for the company, who made their name in the Queensland capital developing luxury townhouses in Brisbane&#39;s inner ring.

For more information, <a href="/news/qld/brisbane-based-developer-siera-lodges-tapestry-chevron-island-apartment-development-plans">click here</a>.

Sherpa branch out from Palm Beach, lodge plans for Perspective Broadwater in Biggera Waters

The Gold Coast developer Sherpa Property, who have been developing and finalising plans for a number of luxury apartment projects in Palm Beach, are broadening their horizons.

Sherpa, led by chief executive&nbsp;Christie Leet, are continuing the trend of their Perspective collection in&nbsp;Biggera Waters,&nbsp;lodged plans for a boutique apartment development overlooking The Broadwater at 536 Marine Parade.

The exclusive building will have just seven apartments, six full-floor, three-bedroom apartments&nbsp;and&nbsp;a two-storey penthouse overlooking Broadwater and the surrounding parklands.

For more information, <a href="/news/qld/sherpa-branch-out-from-palm-beach-lodge-plans-for-perspective-broadwater-in-biggera-waters">click here</a>.

There's been a continued uptake in residential apartment projects, with some developers still seeing exceptional results in the early weeks of launching

Gold Coast apartment insights: What happened on the Gold Coast in September

Chevron One, set to reign as Chevron Island's only luxury high-rise apartment tower, is about to achieve another level of luxury the Gold Coast hasn't seen before.

The Melbourne-based Bensons Property Group has released its Sky Home collection, starting from levels 31 and rising to level 41, soaring nearly 100 metres in the air. Bensons hadn't released the high-level apartments, but are now seeing&nbsp;high demand in ultra-luxury, large apartments in the sky.

When complete, Chevron One will be the tallest tower on the exclusive island, and the tallest there ever will be, with the Gold Coast City Council two years ago bringing in strict planning laws, limiting future apartment projects to 33 metres, or 12 storeys.

[smartcode_project:default project_id=6515 project_image_fid=174034]

Crowning the development will be the Gold Coast's largest ever penthouse. The two-level penthouse, spanning levels 40 and 41, will have nearly 2,000 sqm of living space, which will make it around double the next biggest apartment.

That will be retained by Bensons Property Group's Chairman Elias Jreissati.

<blockquote>
“With the project about to enter construction, this sculptural object will maximise the well positioned site and spectacular water views. The design of Chevron One Residences has captured the character of the Gold Coast and will soon become a true icon.” 
- Rick Curtis, Managing Director, Bensons Property Group
</blockquote>

There's the opportunity for the high-end buyer to grab the sub penthouse, which would rank as one of the biggest on the Coast, offering nearly 1,000 sqm of space. That will have five bedrooms, five bathrooms and four car garaging, and is priced at just shy of $25 million. Its size puts it near the now 10-year old Soul penthouse, which recently sold for $15.75 million.

Speaking to Urban, Bensons Property Group sales and marketing manager Andrew Crichton said he's getting a lot of high end enquiry from Sydney and Melbourne, particularly downsizers whose kids have left home.&nbsp;&nbsp;

There's been particular interest from Potts Point, one of Sydney's most affluent suburbs.

[smartcode_project:default project_id=6515 project_image_fid=167321]

Working with Marchese Partners, the Sky Home floor-plates start from over 130 sqm for the two-bedroom apartments, which are priced from $1.5 million.&nbsp;

There's a number of three and four-bedroom Sky Homes, some spanning half and full-floors. Four-bedroom apartments, with over 360 sqm of living space, are priced from $7.25 million.

Marchese Partners made the view the hero in the design of the tower, with floor-to-ceiling windows and doors out to balconies that offer uninterrupted and never-to-be-built-out views across Surfers Paradise.&nbsp;

The kitchen benchtops will be finished with Calacatta inspired stone, and some will feature a butler's pantry, Sub Zero wine fridges, even dedicated full wine rooms.

Construction is planned to commence in the fourth quarter of 2021.

[smartcode_project_cta: project_id=6515]

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

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

Chevron One, one of the newest towers planned for Chevron Island on the Gold Coast, offers a number of floorplans and interior design options for residents among the 236 one, two, three and four-bedroom apartments.

Delivered by Bensons Property Group and rising 41&nbsp;levels, the stylish high-rise features an organic sculptural form and rotating geometry that maximises the views.

Designed by Marchese Partners, Chevron One is also home to nearly 2000 sqm of resort-style amenities, including a residents&rsquo; lounge, floating cinema, dining facilities and sculpted garden.

[smartcode_project:default project_id=6515 project_image_fid=68834]

The high-end project boasts interiors with high-quality finishes, open plan living spaces and an abundance of natural light that showcases the wide engineered timber floorboards.

Floor Plan options still available for purchase:

<a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/chevron_-_2_bed.jpg" /></a>

<ul>
	<li>Two Bed, two bath, two parking spaces, 132 sqm - Priced from $1,016,500 (pictured above)</li>
	<li>Three bed, two bath, two parking spaces, 153 sqm - Price from $1,385,000</li>
	<li>Four bed, two bath, two parking spaces, 236 sqm - Priced from $3,325,000 (pictured below)</li>
</ul>

<a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/chevron_-_4_bed.jpg" /></a>

The kitchens are designed by the head chef of Vue De Mone, Shannon Bennett. Bennett has designed apartment kitchen&#39;s before, having designed the futuristic kitchen in the penthouse of the Sapphire by the Gardens penthouse in Melbourne. That has its own meat ageing cabinet and its own herb garden

The Chevron One kitchen&rsquo;s will be fitted with Miele appliances, engineered stone, modern tapware and feature accents that blend with the apartment&rsquo;s design scheme.

[smartcode_project:default project_id=6515 project_image_fid=167319]

The large bedrooms come with neutral walls and plush wool-blend carpets, as well as textured wood-grain cabinetry. There is also ducted air conditioning to provide optimal heating and cooling all year round.

Bathrooms are designed to feature semi-frameless glass, wall-mounted vanities and sleek cabinetry illuminated by ambient lighting.

[smartcode_project_cta: project_id=6515]

The high-end project boasts interiors with high-quality finishes, open plan living spaces and an abundance of natural light that showcases the wide engineered timber floorboards.

jordan_55689

Inside the quick-selling Chevron One apartments on Chevron Island in Surfers Paradise

Serving as a hot vacation spot for Australians and international visitors alike, with its breathtaking beach and plethora of nightlife options,&nbsp;Queensland has it all.

Both prestige apartments&nbsp;and entry level apartments on the Gold Coast and across Queensland are currently flying off the shelves.

As a result Brisbane and Queensland median apartment values have continued to soar&nbsp;with interest from every segment of the market.

Investors,&nbsp;first home buyers, upgraders and downsizers have been focused on&nbsp;many Queensland projects across Urban.

Three projects stood out as the most searched:

1. Pearl, Main Beach 
Address: 3550-3552 Main Beach Parade, Main Beach QLD 4217 
Two-bedroom apartments starting from $749,000

[smartcode_project:default project_id=106752 project_image_fid=169996]

The veteran Gold Coast developer Raptis has recently launched sales at its latest Main Beach apartment development, the $160 million Pearl, Main Beach.

The 30-level tower at 3550-3552 Main Beach Parade will have 80 apartments, including a luxury two-level penthouse.

Pearl, Main Beach, is the first foray in to the Main Beach market by Raptis, headed by founder Jim Raptis who started the company in Sydney back in the mid 1960s.

Construction is underway and is expected to be completed in August 2022.

2. Bide 
Address: 21 Longland Street, Newstead QLD 4006 
Three-bedroom apartments from $950,000

[smartcode_project:default project_id=102309 project_image_fid=163978]

Bide is a new residential offering nestled in the heart of Newstead, offering 89 apartments.

Developed by Dibcorp Properties, the functional apartments are designed as an urban seclusion hidden away in Brisbane

Situated just three kilometres from the CBD, Newstead has established itself as one of Brisbane&rsquo;s most sought-after suburbs.

The dynamic suburb offers residents every amenity, with lifestyle, commercial and entertainment hubs within walking distance, as well as its own zen garden, BBQ and a residents lounge.

3. Chevron One 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
Two-bedroom apartments from $858,000

[smartcode_project:default project_id=6515 project_image_fid=68834]

Comprising 236 one, two and three-bedroom apartments, Bensons Property Group&rsquo;s Chevron One stands as an iconic landmark in Surfers Paradise.

Rising 40 floors, the stylish high-rise features an organic sculptural form and rotating geometry that maximises views.

With close to 2000sqm of resort-style amenities, residents will enjoy Chevron&rsquo;s intuitive design and numerous facilities.

Designed by Marchese Partners, these amenities include a residents&rsquo; lounge, floating cinema, dining facilities and sculpted garden.

Investors, first home buyers, upgraders and downsizers have been showing an interest across many Queensland projects on Urban

Top three most searched Queensland properties on Urban this week

Chevron Island is undergoing a full regeneration, and buyers are starting to descend on the village-style island just off across the bridge from the lifestyle and entertainment hub of Surfers Paradise.

A new arts precinct HOTA (Home of The Arts), Australia&#39;s largest regional art gallery, brought attention to the small island when the $60 million precinct opened its doors in May.

That&#39;s seen a wave of demand in residential development, from both developers seeking to buy the limited amount of land on the island, and buyers keen on calling the area home.

Marquee Development Partners recently secured a sell-out of their nine-level&nbsp;Stanhill Drive development The&nbsp;Catalina, designed by BDA Architecture and inspired by Art Deco.

There&#39;s set to be a new tower, Greenwich, developed by the Brisbane-focused developer&nbsp;Ention Properties. The&nbsp;New York-inspired apartment project, designed by Ferro Chow Architects, is&nbsp;a reflection of Manhattan&#39;s famous Flatiron building.

Further development is anticipated with Catalyst Health set to create two&nbsp;towers, which will be the tallest on the island, for a vertical retirement village.

There&#39;s currently four apartment developments for sale on the island. Urban has grabbed the highlights.

<h2>Allure</h2>

<h2>Prices: Two-bedrooms from $615,000</h2>

[smartcode_project:default project_id=21132 project_image_fid=33895]

Allure is the 17-level Dalpura Street development of 95 apartments, currently being developed by Macquarie York.

There&#39;s a rooftop infinity pool, barbecue area, residents lounge, a health and fitness centre&nbsp;and a conference lounge.

Expected to be completed in 12 months by Condev Constructions to a design by BDA Architects, Allure only has&nbsp;a handful of apartments left, with over 90 per cent sold.

Each apartment has been designed to make the most of the views of the Gold Coast city skyline, Broadwater and the hinterland.

[smartcode_project:default project_id=21132 project_image_fid=33509]

<h2>Chevron One</h2>

Prices: Two-bedrooms from&nbsp;$705,000

[smartcode_project:default project_id=6515 project_image_fid=68839]

Chevron One is set to be Chevron Island&#39;s first high-rise apartment development when completed in mid-2023.

Currently under construction to a design by Marquee Partners and Bensons Property, who are developing the project, Chevron One will rise 41 levels above the sought-after Stanhill Drive dress circle.

Chevron One&nbsp;is home to nearly 2000 sqm of resort-style amenities, including a residents&rsquo; lounge, floating cinema, dining facilities and sculpted garden.

The on-site luxury amenities also include a private dining facilities, a library, multiple swimming pools, a sculpture garden&nbsp;and more.

[smartcode_project:default project_id=6515 project_image_fid=167319]

<h2>H^BIT^T</h2>

Prices: Two-bedrooms from $595,000

[smartcode_project:default project_id=6648 project_image_fid=172461]

The eight-level H^BIT^T at 17-19 Anembo Street, opposite the Korman Family Park, is currently under construction and will comprise 37&nbsp;two and three-bedroom apartments.

A few apartments have been sold, with interstate and local buyers keen on the Anembo Street development.

The building is the passion project of local construction and development veterans, who have spent the last five decades developing and building residential and commercial projects across South East Queensland.

&quot;This is their own private project. The developers have focused on providing a habitat that will sustain and enrich the residents&#39; lifestyles. They were keen to share their sense of place and make a lasting contribution to the amazing&nbsp;Chevron Island&quot;, Segal said.

The three-bedroom apartments are priced from $920,000.

<h2>Boutique</h2>

Prices: Two-bedrooms from $499,000

[smartcode_project:default project_id=89709]

Boutique has some of the biggest apartments on Chevron Island, with just&nbsp;42 apartments&nbsp;being developed by the Sydney-based Draycon across 16 levels.

The resident-only tower with just two and three-bedroom apartments has been&nbsp;designed by BDA Architecture at&nbsp;17-19 Parneno Street.

There&#39;s a residents lounge with business facilities, individual meeting pods and a kitchenette, as well as a swimming pool with spa, gym and barbecue area. The building is crowned with a rooftop garden with&nbsp;herb and citrus planters and outdoor recreational&nbsp;space.

The development is over 70 per cent sold. Construction began earlier this year, with completion slated for Q4 2022.

A new arts precinct HOTA (Home of The Arts), Australia's largest regional art gallery, brought attention to the small island when the $60 million precinct opened its doors in May.

All of Chevron Island's apartments for sale, as development ramps up

Bensons Property Group&rsquo;s Gold Coast landmark development, Chevron One, is set to become the first luxury tower on Chevron Island.

The tower will rise above the new arts and cultural precinct and deliver 236 one, two and three-bedroom apartments designed by international architects Marchese Partners.

&nbsp;

[smartcode_project:default project_id=6515 project_image_fid=167321]

Organic architecture envelops the residence, with the geometry of the balconies creating a dynamic fa&ccedil;ade.

&ldquo;Chevron One&rsquo;s organic sculptural form is inspired by the iconic Gold Coast symbols of the sun, beach and ocean&rdquo;, said Marchese Partners chairman Eugene Marchese.

&nbsp;

[smartcode_project:default project_id=6515 project_image_fid=167320]

The luxury project boasts exceptional interiors, with high-quality finishes, intuitive spaces and spectacular views.

Open plan living spaces and an abundance of natural light showcase the refined elegance of each apartment.

<blockquote>
&ldquo;Chevron One features generous, sweeping balconies that offer expansive views of Surfers Paradise, the hinterland, the river, sandy beaches and the ocean&rdquo; 
Bensons Property Group
</blockquote>

Celebrated chef Shannon Bennett, best known as the head chef of Vuedemonde at Melbourne&#39;s Rialto Tower, has designed the apartment&rsquo;s kitchen.

The functional &ldquo;heart of the home&rdquo; boasts Miele appliances, engineered stone, modern tapware and feature accents that blend with the apartment&rsquo;s design scheme.

Bathrooms are designed to feature semi-frameless glass, wall-mounted vanities and sleek cabinetry illuminated by ambient lighting.

[smartcode_project:default project_id=6515 project_image_fid=68840]

Textured wood-grain cabinetry is also featured in the ensuite of the master bedroom while neutral walls and plush carpets provide opportunities for residents to add their own sense of style.

Residents at Chevron One will enjoy exclusive resort-style amenities of Club One Residents Club, with an area spanning over 1,200 sqm.

&nbsp;

[smartcode_project:default project_id=6515 project_image_fid=68839]

Amenities include a concierge service, a number of swimming pools, a gymnasium, library, residents&rsquo; lounge and dining space, as well as a yoga and sculpture garden.

The outdoor pool and spa also connect to an alfresco barbecue and Teppanyaki dining area, as well as an outdoor cinema.

Two-bedroom apartments in the project begin from just $705,000, with three bedroom apartments priced from $1,175,000. Chevron One is expected to be completed in mid-2023.

[smartcode_project_cta: project_id=6515]

The luxury project boasts exceptional interiors, with high-quality finishes, intuitive spaces and spectacular views

max.kwok_55688

Inside the apartments in Chevron One on the Gold Coast

With the recent sell-out of Cala Dei, luxury Gold Coast buyers are looking at the remaining stock in other recently announced off-the-plan developments.

Brisbane-based developer Spyre Group stunned the market with a sell-out of Cala Dei at Greenmount just four weeks after its online launch.

&ldquo;It&rsquo;s definitely solidified our commitment to the Gold Coast, and due to the nature of Cala Dei&rsquo;s sell out we have proceeded to acquire a further two beachfront sites that we intend to launch in the second half of this year,&rdquo; said Spyre Group director Andrew Malouf.

<a href="/developments/gold-coast-qld?source_news_article_id=101655&amp;ref=news_body_link" target="_blank"><img alt="" height="797" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gc_newest_tile_jpeg_3_0.jpeg" width="1200" /></a>

Situated at Coolangatta, the exclusive collection of two and three-bedroom residences sold for an average of $1.9 million, with 11 sales recording a purchase price over $2.5 million.

The penthouse, which sold for $7.1 million to a local family, is the second highest price ever fetched for an apartment south of Mermaid Beach.

The majority of residences were sold to local buyers from South-East Queensland, attributing 55 per cent of the sales, while 42 per cent of apartments sold to interstate buyers. Just one apartment was sold to an international buyer from Singapore.

<h2>Other luxury developments on the market in the Gold Coast</h2>

The hunger for high-end living in pristine positioning is as fierce as ever, especially on the Gold Coast.

Luxury developments are popping up all over the coastal city as demand increases for residences with water views and luxury resort-style facilities.

In just the last week, Urban reported that <a href="/news/qld/summit-110-on-broadwater-approaching-sell-out">Summit 110, the Broadwater development from Centa Property Group, is also approaching sell-out</a>.

But in case you&#39;ve missed out on Cala Dei, here are a few of our favourite new luxury developments on the Gold Coast:

1. <a href="/buildings/one-cannes-1-cannes-avenue-surfers-paradise">One Cannes</a> 
Address: 1 Cannes Avenue, Surfers Paradise QLD 4217 
Three-bedroom apartments from $1,000,004

[smartcode_project:default project_id=97810 project_image_fid=159844]

Developed by Marquee Development Partners, One Cannes is the latest residential tower from the group in the Gold Coast&rsquo;s Surfers Paradise.

Just 10 days after launching their development, 65 per cent of the apartments snapped up with over $55 million worth of sales in the week and a half.

Designed by Plus Architecture, the tower features 78 two, three and four-bedroom apartments, floor-to-ceiling windows and water views showcasing the beauty of the Gold Coast.

The development&rsquo;s business lounge, boardroom and meeting rooms were inspired by Qantas&rsquo; first class lounges.

2. Shoreline 
Address: 61 Old Burleigh Road, Surfers Paradise QLD 4217 
Three-bedroom apartments from $1,369,900

[smartcode_project:default project_id=22057 project_image_fid=150842]

Another development from Marquee, Shoreline is another brand-new Surfers Paradise tower set to be created by the Queensland development group.

The boutique development features 27 half-floor apartments, the size of an average new house, with an abundance of storage.

Located in an ideally positioned pocket between Broadbeach and Surfers Paradise, the residence is just five minutes from the Broadbeach Surf Club.

Designed by BDA, Shoreline features a fluid design inspired by curling waves of the beach, European style spa, sauna and shower, magnesium pool and a gym with reformer pilates and barre.

3. <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a> 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
Two-bedroom apartments from $1,175,000

[smartcode_project:default project_id=6515 project_image_fid=68832]

Comprising 236 one, two and three-bedroom apartments, Bensons Property Group&rsquo;s Chevron One stands as an iconic landmark in Surfers Paradise.

Rising 40 floors, the stylish high-rise features an organic sculptural form and rotating geometry that maximises views.

With close to 2000sqm of resort-style amenities, residents will enjoy Chevron&rsquo;s intuitive design and numerous facilities.

Designed by Marchese Partners, these amenities include a residents&rsquo; lounge, floating cinema, dining facilities and sculpted garden.

With the recent sell-out of Cala Dei, luxury Gold Coast buyers are looking at the remaining stock in other recently announced off-the-plan developments

Luxury Gold Coast apartments to watch if you missed Spyre Group’s sold-out Cala Dei at Greenmount

Bensons Property Group’s Chevron One offers residents holiday-style living year-round, with close to 2000 sqm of resort-style amenities.

Designed by Marchese Partners, the project includes a Club One residents’ lounge, floating cinema, dining facilities and sculpted gardens.

As Chevron Island's first luxury tower, the development has a 24-hour concierge service and 360-degree uninterrupted views that will never be built out.&nbsp;

[smartcode_project:default project_id=6515 project_image_fid=68838]

The on-site luxury amenities also include a private dining facilities, a library, multiple swimming pools, a sculpture garden&nbsp;and more.

Situated on Stanhill Drive, Chevron One is within walking distance to Thomas Drive cafes and retail shops, Home Of The Arts precinct, and the beach.

Chevron One&nbsp;Residences offer a fully furnished, fully managed and hassle-free ‘turnkey’ lifestyle investment.

[smartcode_project:default project_id=6515 project_image_fid=68841]

Interstate investors in particular will be keen on the 14 day free days of holiday accommodation per year for their apartment.

<a href="/developments/gold-coast-qld?source_news_article_id=101645&amp;ref=news_body_link"><img alt="" data-entity-type="" data-entity-uuid="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gold_coasttile.png" /></a>

Developer Bensons Property Group are offering a range of incentives for investors in the 41 level tower designed in collaboration with Marchese Partners and Byrns Lardner Landscape Architecture.

The entry price to&nbsp;Chevron One&nbsp;is as low as $480,000 for a one bedroom, one bathroom apartment. A two bedroom, two bathroom apartment with parking is priced from $705,000.

Estimated completion of Chevron One is late 2023. To secure your new home in the sought after development, request a call from a Chevron One sales agent via Urban.&nbsp;

Chevron One offers residents holiday-style living year-round, with 2000 sqm of resort-style amenities

Chevron One

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