Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.

The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.

The challenge for investors is that suitable product is becoming harder to find.

For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.

Today, the development pipeline looks very different.

Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer Sherpa is soon to officially launch its newest local apartment development, Flourish Soleira.

The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.

&nbsp;

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired Corallo development. They still have some one-bedroom apartments remaining, priced from $841,500.

The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.

[smartcode_project:default project_id=112194 project_image_fid=808]

For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's Corner House development in Stones Corner.

One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.

[smartcode_project:default project_id=149098 project_image_fid=330594]

Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.

The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.

Parkdrive Apartments, Chermside

Priced from: $749,000

The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its recently launched Parkdrive development.

The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.

For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.

Joel Robinson

Investors to turn to new apartments after Federal Government changes spark hunt for Queensland's best $1 million apartments

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Future Estate

The recently completed One Coburg Quarter is one of the most striking residential components&nbsp;within the&nbsp;landmark $1 billion masterplan by Rothelowman.

Developed by Future Estate, the building connects Melbourne&rsquo;s northern hub to the future.

Its location at 11 Urquhart Street&nbsp;puts it within eight kilometres of the Melbourne CBD, and within walking distance of Brunswick.

[smartcode_project:default project_id=3783 project_image_fid=188151]

The thriving cosmopolitan part of inner Melbourne already boasts a number of eateries, parks and entertainment hubs, cementing itself as a place not only rich with history but also with the potential for great expansion.

Ideally located between bustling Sydney Road and the expanses of Coburg Lake, and incorporating heritage bluestone remnants of the 19th century Pentridge buildings, Coburg Quarter will be much more than a new place to live.

Public transport is easy to find in the area, with links taking only 15-minutes to get you to the CBD. Schools and the University of Melbourne are all within close proximity to the unique space, while also being complemented by a new high street, offering a range of restaurants, caf&eacute;s, bars, retailers and spaces to engage with the wider neighbourhood.

[smartcode_project:default project_id=3783 project_image_fid=188150]

Coburg is where famous Australian musician, Tex Perkins, with leading publican Danial Caneva restored The Post Office Hotel a few years ago, with the venue now regularly packing in crowds to see gigs in the old pub and enjoy top nosh in the dining hall.

That&rsquo;s just the beginning though - with the traditional Lebanese flavours of Zaatar to the Latin-American infused cuisine of True North all within a stones throw of One Coburg, there are more than enough local flavours and eateries to not only draw people to the area but to keep every foodie here well and truly satisfied.

The communal spaces within One Coburg Quarter include an indoor lounge and dining areas that open seamlessly to an outdoor rooftop terrace with landscaping, outdoor seating and a barbecue for a more private entertaining option.

[smartcode_project_cta: project_id=3783]

The thriving cosmopolitan part of inner Melbourne already boasts a number of eateries, parks and entertainment hubs, cementing itself as a place not only rich with history but also with potential for great expansion.

alisonwarters@gmail.com

How One Coburg Quarter fits into Melbourne's Coburg

One Coburg Quarter,&nbsp;the first building within the&nbsp;new Coburg masterplanned community, has been designed as a cultural focal point for the north of the precinct.

Comprising 125 one and two-bedroom apartments, the development sits within Future Estate&#39;s&nbsp;$1 billion project on Urquhart Street.

Masterplanned by Rothelowman, the design response references the colourful industrial past of Coburg, taking shape around the old Pentridge prison and its signature bluestone.

[smartcode_project:default project_id=3783 project_image_fid=144842]

<div>
&ldquo;Inspired by its context, the strong horizontal manifestation of the&nbsp;bluestone and mortar courses is reflected in the articulation and&nbsp;expression of the new fa&ccedil;ades&rdquo;, the architects said.

Remnants of the 19th century Pentridge buildings, the bluestone borders the site on three sides and harmonises the old and the new.

&ldquo;Drawing inspiration from the iconic boroughs of New York City and London, our vision for Coburg Quarter is of a new urban com​munity with soul, creativity and a genuine sense of neighbourly spirit&rdquo;, Future Estate managing director, Ben Anderson, noted.

Though while it has a reverence for the mixed-use precincts that help to define these international cities, Coburg Quarter&rsquo;s identity is truly &ldquo;Northside,&rdquo; a natural extension of Brunswick, Northcote and Fitzroy.

[smartcode_project:default project_id=3783 project_image_fid=180411]

Passing through the heritage walls, residents will entire a landscaped courtyard into a living lobby, designed to be synonymous with a&nbsp;luxury hotel.

Communal and garden spaces on ground level, and a sky garden on level eight complements the European-style central square aimed to engage with the broader community.

The project will integrate residential and commercial aspects, with future development plans for a new hospital and aged care.

[smartcode_project:default project_id=3783 project_image_fid=144844]

Spacious floorplans characterise the One Coburg Quarter homes, capturing incredible views and maximising light through full-height windows and clever design.

Its sculptural form extends from its fa&ccedil;ade into its communal areas, with the rooftop space featuring sculptural forms that contrast the robustness of the older heritage fabric.
</div>

Offering 148 apartments, the multi-unit development boasts enviable amenity, including residents bar, lounge, library and roof garden.

[smartcode_project:default project_id=3783 project_image_fid=180409]

Buyers can feel at ease knowing their home is soon to be a part of the comprehensive Coburg Quarter masterplan, connecting Melbourne&rsquo;s northern hub to the future.

[smartcode_project_cta: project_id=3783]

Masterplanned by Rothelowman, the design response references the colourful industrial past of Coburg

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Design brief: How the Rothelowman-designed One Coburg Quarter came together 

If you're looking for a home situated in a neighbourhood where you're spoilt for choice of amenities, you have views spanning the city skyline and a generous floorplan, then you'll love <a href="/buildings/one-coburg-quarter-11-urquhart-street-coburg">One Coburg Quarter</a>. The Future Estate development is currently under construction, bringing that move-in date even closer. Watch our&nbsp;tour of the display suite to get a feel for the homes available for sale.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/0z_7QbhjTho" title="YouTube video player" width="660"></iframe>

<h2>ONE COBURG QUARTER AT A GLANCE</h2>

Developer:&nbsp;<a href="/developers/future-estate" target="_blank">Future Estate</a>

Architect:&nbsp;<a href="/architects/rothelowman" target="_blank">Rothelowman</a>

Builder:&nbsp;<a href="/builders/arc3" target="_blank">ARC3</a>

Homes from:&nbsp;$351,000

Location: 11 Urquhart Street, Coburg VIC 3058

Number of residences:&nbsp;125 residences

[smartcode_project:default project_id=3783]

Architecturally designed by Rothelowman, One Coburg Quarter offers a striking facade, standing 8 stories tall.

On offer are a selection of one and two-bedroom floorplans, each with state-of-the-art kitchens. Mirrored splashbacks, integrated appliances and 4-burner gas hobs can be found in all kitchens. Matte black tapware and minimalist sinks, add a sense of timeless modernity.

<a href="/buildings/one-coburg-quarter-11-urquhart-street-coburg"><img alt="" data-entity-type="" data-entity-uuid="" height="600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/one-coburg-quarter-11-urquhart-street-coburg-80812c9fd96217070c5fbc6f479154d8.jpg" width="1286" /></a>

The living areas feature pale timber flooring and are filled with plenty of natural light. The open plan layout gives you the flexibility to customise the space to your liking and entertain with ease.

The bathrooms also exude style – with matte black fittings, integrated vanity storage and LED lighting.

Apartment bedrooms feel cosy, with soft carpet underfoot and floor-to-ceiling glazing, letting in beautiful natural light. Plus, the wall-width wardrobe storage is a great use of space.

The material palette is high quality, timeless and provides the perfect canvas to make your new home truly unique.&nbsp;

<a href="/buildings/one-coburg-quarter-11-urquhart-street-coburg"><img alt="" data-entity-type="" data-entity-uuid="" height="1140" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/one-coburg-quarter-11-urquhart-street-coburg-3612fe07eb986076c74fca4a31e47e39.jpg" width="1880" /></a>

One Coburg Quarter has a 9/10 walk score, with a fantastic selection of shops, cafes, parks and public transport at your doorstep.

Love the look of One Coburg Quarter? Secure your new home in Melbourne's north today by <a href="/buildings/one-coburg-quarter-11-urquhart-street-coburg">enquiring via Urban</a>. Construction has now commenced and the remaining homes won't be on the market long!

Olivia Round

Display Tour: One Coburg Quarter by Future Estate in Coburg, VIC

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After years of inactivity and stalled projects, Pentridge's rebirth is gathering momentum, headlined by a proposed all-silver tower put forward by Shayher Group and Cox Architecture. 

After Shayher Group's announcement last year that <a href="/news/adina-hotel-adds-to-shayher-groups-pentridge-vision">TFE Hotels was secured as operator of an onsite Adina Apartment Hotel complex</a>, the intended redevelopment has since been lodged with planning authorities, with the expected outcome a new 18 storey tower.

Partly set within the walls of the former B Division Building, Cox Architecture's design will see the tower sited for the most part on vacant land adjacent to the heritage building.

Bouncing between Heritage Victoria and Moreland City Council, the application includes hotel suites for Adina across levels 2-10, with levels 11-17 dedicated toward apartment living.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image49_6.jpg" rel="gallery-all" title="Planning image: Cox Architecture"><img alt="" class="image-article-full-width-580px" height="255" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image49_6.jpg?itok=4mlZbgFA" title="Planning image: Cox Architecture" width="580"></a>

<figcaption>Planning image: Cox Architecture</figcaption></figure>The tapering tower is finished in silver tinted glazing, silver cladding and clear glass balustrades. B Division Building and the associated annexe building will be reworked into the balance of Adina's hotel component, with a cafe, retail facilities, conference room, restaurant, spa, pool and gym all present over lower levels.

Moreland City Council also recently fielded another application for an adjoining lot that will encompass a new low-rise commercial building. Buchan Group have designed the complex that will be dominated by a supermarket, cinema and smaller format retail tenancies.

Shayher Group's advancement of pending stages of Pentridge comes as the developer realises completion of their first project onsite. Horizon Coburg which includes 53 two and three bedroom apartments is also the first projects to be completed within the Pentridge precinct for some years.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_5071.jpg" rel="gallery-all" title="Horizon Coburg is now complete"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_5071.jpg?itok=-8wtX9rZ" title="Horizon Coburg is now complete" width="580"></a>

<figcaption>Horizon Coburg is now complete</figcaption></figure>With Shayher Group pushing ahead with their slice of Pentridge, fellow developer Future Estate has also been busy with their portion of the undeveloped Pentridge site.

Future Estate's first release, One Coburg Quarter, is headed for construction whilst The Terraces will be the developer's next release. Soft marketing has commenced for the 38-townhouse project facing Urquhart Street, with the project's website showing all 2 bedroom townhouses have all <a href="http://info.futureestate.com.au/theterraces/">ready been accounted for</a>.

Future Estate have also introduced a third developer to Pentridge recently, by way of selling a permitted site to Golden Sunrise Developments. With approval for 294 apartments, Golden Sunrise Developments now has a foothold in the precinct that is just beginning to blossom from a development perspective.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image3fe.jpg" rel="gallery-all" title="One Coburg Quarter and The Terraces. Images: Future Estate"><img alt="" class="image-article-full-width-580px" height="227" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image3fe.jpg?itok=4ZG1_lvk" title="One Coburg Quarter and The Terraces. Images: Future Estate" width="580"></a>

<figcaption>One Coburg Quarter and The Terraces. Images: Future Estate</figcaption></figure>
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silvermb

Pentridge's silver tower heralds further change within the historic precinct

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Signifying the rebirth of one of Melbourne’s most expansive regeneration sites, developer <a href="http://www.futureestate.com.au/">Future Estate</a> is pressing ahead with plans for the former Pentridge Prison, soon to be known as <a href="http://www.coburgquarter.com.au/">Coburg Quarter</a>.

The $1 billion Pentridge masterplan received approval from the Victorian Government and local Council late last year. With the approved masterplan also came the expectation that Future Estate could deliver a higher calibre of public space apartment living relative to that which has been completed onsite in recent years.

First to reach sales will be One Coburg Quarter, consisting of 150 apartments and set to be launched officially next month. Created by <a href="http://www.rothelowman.com.au/">ROTHELOWMAN</a>, the design references the colourful industrial past of Coburg, particularly the old Pentridge prison and its signature bluestone edifice.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/12705561_1115088325192632_5634902824801960387_n.jpg" rel="gallery-all" title="A refashioned bluestone entrance. Image courtesy Future Estate"><img alt="" class="image-article-full-width-580px" height="725" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/12705561_1115088325192632_5634902824801960387_n.jpg?itok=AXTYxZx8" title="A refashioned bluestone entrance. Image courtesy Future Estate" width="580"></a>

<figcaption>A refashioned bluestone entrance. Image courtesy Future Estate</figcaption></figure>Apartments.com.au recently sat down with Future Estate Founder and Managing Director, Ben Anderson to chat about the Coburg Quarter masterplan and vision, acknowledging the shortcomings of the previous owners' plans for the site and the opportunities presented by the site.

<blockquote>
Coburg Quarter will have a village feel in an urban context. It will be a natural extension of Melbourne's celebrated northern suburbs such as Brunswick, Northcote and Fitzroy. Its identity will be truly Northside, yet proudly and distinctly Coburg.

Civic quarters around the world are known for their unique character. Coburg Quarter will follow this tradition, as an exciting urban community that will enhance the area by bringing together people, art, design commerce and culture.
<cite>Ben Anderson, Founder and Managing Director, Future Estate</cite>
</blockquote>

Anderson explained to Apartments.com.au that Future Estate bought the Pentridge land holding out of receivership, a similar strategy previously employed by the developer. He says part of what Future Estate does best is "buying things that are broken and fixing them" where others may struggle to see the potential.

The 4.2ha site has approval in place for over 1,400 apartments and townhouses that will accommodate 3000-4000 residents, with a development schedule stretched over a 10 year period and with an estimated project value of more than $1 billion. This ranks Coburg Quarter as one of the largest urban infill sites in Melbourne.

Future Estate are considering opportunities to re-skin some of the built form which was developed on site by the previous owners, which Anderson describes as "underwhelming" as he does the existing outdoor communal spaces onsite. Working with largely the same envelopes as the previously approved master plan and seeking to improve rather than beginning from scratch, one of the biggest changes revolves around creating a village centre for the development, drawing inspiration from the great squares in Europe, essentially forming a heart for the development.

This would act as a drawcard to the site, not just for residents but the community at large.

Another opportunity being explored is a Farmer's Market which would include a significant amount of micro retail, by locally-based boutique operators who can't necessarily afford to lease a large retail space. These would be based around food, craft and even furniture, and would spill out onto the new community square.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image137.jpg" rel="gallery-all" title="Technē's new interpretation of Pentridge"><img alt="" class="image-article-full-width-580px" height="204" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image137.jpg?itok=px4cKGM_" title="Technē's new interpretation of Pentridge" width="580"></a>

<figcaption>Technē's new interpretation of Pentridge</figcaption></figure>Anderson acknowledges the community's frustration with the site's lack of progress thus far:

<blockquote>
We understand the community is frustrated, which is why we believe actions speak louder than words. We have already commissioned the transformation the old laundry building into a micro-brewery and bar, with work commencing on this and the proposed Coburg Public Square later this year.
<cite>Ben Anderson, Founder and Managing Director, Future Estate</cite>
</blockquote>

As part of Coburg Quarter, Future Estate are also investigating potential uses for the former D Division prison block, while architects Techne are incorporating key heritage features including the bluestone walls, solitary confinement cells and historic laundry equipment into the micro-brewery design. Coburg Brewing Co. will be headed by Danial Caneva, owner of the nearby Post Office Hotel, with the launch date currently slated for July this year.

In addition Future Estate plans to have the café and dining precinct open and operational before the end of 2016.

Of the living options, One Coburg Quarter will be launched next month and consist of 150 apartments. Created by <a href="http://www.rothelowman.com.au/">ROTHELOWMAN</a>, the design references the colourful industrial past of Coburg, particularly the old Pentridge prison and its signature bluestone edifice.

<blockquote>
Announcing entry into Coburg Quarter from the wider precinct defined by Sydney Road and Bell Street, One Coburg Quarter sits proudly above the historic walls with a strong yet respectful presence. Seen in the round the building presents at the civic scale as a singular and sculptural form, its curved and modulated facades establishing a sophisticated dialogue with the robust and linear nature of the old heritage fabric.

Inspired by its context, the strong horizontal manifestation of the bluestone and mortar courses is reflected in the articulation and expression of the new facades. The primary expression of One Coburg Quarter is of a composition of larger horizontal elements, orchestrated in a way which alludes to the stack bonding of the bluestone walls.
<cite>Shane Rothe, Director, ROTHELOWMAN</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v03_exterior_hover_reduced.jpg" rel="gallery-all" title="One Coburg Quarter, hero perspective. Image courtesy of Future Estate"><img alt="" class="image-article-full-width-580px" height="846" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/v03_exterior_hover_reduced.jpg?itok=vPJSigQF" title="One Coburg Quarter, hero perspective. Image courtesy of Future Estate" width="580"></a>

<figcaption>One Coburg Quarter, hero perspective. Image courtesy of Future Estate</figcaption></figure>Future Estate asked ROTHELOWMAN to conceive a building that made a strong unique statement, distinguishing it from the earlier buildings on site. Anderson says that in response, Future Estate has made a commitment to not compromising on the quality of the facade, estimated to cost in the vicinity of approximately $1000 per square metre. This is in keeping with the company's ethos of developing buildings which look just as they are depicted in the marketing material, if not better.

One Coburg Quarter will feature a 'living lobby' entered via a courtyard, which gives the impression of entering a home, rather than a commercial type foyer that other developments provide. Also included is a library, free wi-fi plus a residents' bar and communal kitchen with Future Estate looking to encourage Friday night drinks by the owner's corporation to promote and facilitate the idea of a community within the building.
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Laurence Dragomir

Pentridge reborn: what Coburg Quarter holds for the public

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It was reported last week that developer Future Estate is the successful new owner of a vast tract of development land within Pentridge Village. Expected to fetch $30 million via a sales campaign held by CBRE, the final price tag was a <a href="http://www.afr.com/real-estate/commercial/developer-buys-last-pentridge-prison-sites-20150408-1mgkw9">reported</a> $27 million.

And for that price Future Estate now holds land reserves totalling approximately 41,000sqm, located 7.5 kilometres from the CBD. Covering twelve separate sites with the largest at 5,591sqm, the purchase allows Future Estate the opportunity to deliver multiple buildings over an elongated timeframe.

Included within the 41,000sqm plot are a handful existing/semi-completed retail spaces. The retail offerings are expected to be expanded within the development, in line with existing masterplan which seeks mixed-use outcomes for the land involved.

Pentridge Village hasn't been the only success for Future Estate of late with their current Melbourne apartment project selling strongly. <a href="/buildings/parc-vue-1091-plenty-road-bundoora">Parc Vue</a> at Bundoora Park has sold in excess of 85% of apartments within the first stage of the development, which will see 138 one and two bedroom apartments delivered over eight levels.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/141112parcvueextb-1024x719.jpg" rel="gallery-all" title="Parc Vue Bundoora. Image courtesy MAP Architecture"><img alt="" class="image-article-full-width-580px" height="350" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/141112parcvueextb-1024x719.jpg?itok=-RbWRIHn" title="Parc Vue Bundoora. Image courtesy MAP Architecture" width="580"></a>

<figcaption>Parc Vue Bundoora. Image courtesy MAP Architecture</figcaption></figure>Designed by MAP Architecture, the project will upon completion see six buildings and 361 apartments built in middle-ring Bundoora, with ancillary commercial space totalling 1,100sqm included.

Gazing upon Pentridge Village once more, Future Estate's purchase joins a recently released apartment development in bolstering the until recently languishing precinct. Horizon Coburg is the first apartment release of any note for the precinct since the ill-fated <a href="http://architizer.com/projects/air-pentridge/">AIR Pentridge</a> tower the best part of five years ago which would have injected hundreds of apartments into the area.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/coburg-high-rise-apartments-01.jpg" rel="gallery-all" title="Horizons Coburg. Image courtesy PRO_ARK"><img alt="" class="image-article-full-width-580px" height="327" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/coburg-high-rise-apartments-01.jpg?itok=n74dV2nH" title="Horizons Coburg. Image courtesy PRO_ARK" width="580"></a>

<figcaption>Horizons Coburg. Image courtesy PRO_ARK</figcaption></figure>Covered on Apartments.com.au at the turn of 2014, the then application on behalf of Taiwanese-backed Shayher Group sought to <a href="/news/h-division-likely-to-go-as-pentridges-rebirth-gathers-momentum">demolish the infamous H Division</a> within the prison grounds. With demolition now complete, civil works have commenced with the construction commencement on the radar.

Horizon Coburg seeks to add two and three bedroom apartments within two buildings.

On a wider note the stirring of Pentridge is in line with a general increase in planning activity throughout Coburg. Epworth Hospital are seeking to deliver <a href="http://www.heraldsun.com.au/leader/north/epworth-healthcare-launches-private-hospital-bid-on-moreland-council-land-bordered-by-bell-drummond-and-urquhart-streets/story-fnglenug-1227020120310">a new facility</a> fronting Bell Street, the long vacant <a href="/developments/coburg-vic-3058">81 Bell Street</a> is subject to a new 391 apartment project whilst <a href="/new-apartments/coburg-vic-3058">Major Anderson Apartments</a>' site demolition is complete with SP Projects poised to begin construction.
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