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

Joel Robinson

The apartment price gap drawing Sydney buyers west

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

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

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

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

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

Gold Coast

As housing affordability and the property market continues to be one of the big talking points of the year, prospective buyers are still searching for ways to get their slice of the market.

With the housing market exploding in 2021, it only raised the barrier of entry for buyers, and especially first home buyers, with the homeownership rate only continuing to decline according to the 2021 census.

For many first home buyers, the price of housing isn’t actually the biggest factor, it’s getting the deposit together in the first place.

[smartcode_project:default project_id=102451 project_image_fid=186075]

And as inflation skyrockets and interest rates continue to rise, it seems to only be getting harder.

Buyers at Hirsch &amp; Faigen's Yves Mermaid Beach apartment development can secure an apartment with just a $10,000 deposit, with the ability to pay the rest weekly up until completion.

[smartcode_project:default project_id=102451 project_image_fid=186074]

The $200 million Yves, comprising a collection of 145 luxury residences, offers a mix of&nbsp;one, two and three-bedroom designs, in addition to the premium offerings of two four-bedroom, half-floor sub-penthouses and a single full-floor penthouse.

Designed by Rothelowman, Yves will rise on 7-9 Mermaid Avenue, just metres behind the famed Hedges Avenue beachfront strip.

Construction is scheduled to start in May and completion due in 2024, prospective buyers have plenty of time to save for the remainder of their purchase.

[smartcode_project_cta: project_id=102451]

The $200 million Yves, comprising a collection of 145 luxury residences, offers a mix of one, two and three-bedroom designs, in addition to the premium offerings of two four-bedroom, half-floor sub-penthouses and a single full-floor penthouse.

alisonwarters@gmail.com

Secure Yves, Mermaid Beach apartments with just a $10k deposit

Construction has begun on Sydney-based Garfield Developments, Gold Coast apartment project, Aspire.

Following months of due diligence, Aspire ticked off their long list of criteria to begin the construction phase on their exclusive beachfront Surfers Paradise residences.

[smartcode_project:default project_id=111652 project_image_fid=197880]

Comprising just 37 residences over 24-levels, the boutique collection of full-floor and half-floor residences, along with an exclusive two-storey penthouse offer absolute beachfront living, in a modern, contemporary design.

With full development approval in place and demolition starting, prospective buyers can check out the newly-opened display suite at 4 Charles Avenue, Broadbeach, on the ground floor of Oracle, showcasing life inside an Aspire apartments.

The display suite includes a full kitchen and bathroom, as well as the same luxury finishes found in each of the apartments, such as flooring, cabinetry and tapware, with Kollosche New Projects also on-hand to provide a 3D tour of the three and four-bedroom residences.

[smartcode_project:default project_id=111652 project_image_fid=197882]

Developed by the Sydney-based group, Aspire will land on the enviable Garfield Terrace beachfront.

Each of the half-floor apartments span between 207 sqm and 217 sqm of space, with the six full-floor apartment offering an expansive 414 sqm of space.

Crowning the tower is the two-level penthouse, which covers 716 sqm of internal space.

Designed by&nbsp;<a aria-label="Mosca Pserras Architects - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="na" data-uw-styling-context="true" href="/news/profiling-woods-bagots-role-in-western-sydney-universitys-new-liverpool-campus" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/profiling-woods-bagots-role-in-western-sydney-universitys-new-liverpool-campus$moscapserrasarchitects">Mosca Pserras Architects</a>,&nbsp;each apartment has been crafted with sophisticated comfort and luxury in mind, featuring high-end fit outs from European Oak floors to Gaggeneau appliances.

[smartcode_project:default project_id=111652 project_image_fid=197885]

Aspire will also be home to an exclusive suite of residential amenity, including a luxury infinity pool, a gym with a yoga room,&nbsp;a steam room and&nbsp; infra-red sauna,&nbsp;barbecue facilities, a&nbsp;bar and residents'&nbsp;lounge, a modern office space with a conference room, and a surfboard/sports store room.

[smartcode_project_cta: project_id=111652]

Aspire construction phase begins

Construction of the $1 billion Broadbeach development, Victoria &amp; Albert, is looming, following a $200 million sales spree at the Gold Coast apartment project.

The biggest demand for the project, which will rise from the current Niecon Plaza which will soon be demolished, has come from interstate buyers seeking a sea change.&nbsp;

Colliers Gold Coast Residential director, David Higgins said the project had seen strong interest from the interstate market, accounting for 80 per cent of the sales so far.

[smartcode_project:default project_id=107928 project_image_fid=178909]

&ldquo;Many buyers have been enticed by the project&rsquo;s proximity to key lifestyle amenities and the ground floor activation which is set to reinvigorate the heart of Broadbeach with a world class retail and dining precinct,&rdquo; Higgins said.

The 399-apartments are spread over&nbsp;two towers &ndash; Victoria and Albert &ndash; the first catering to an investor market and the second to an owner-occupier market.

The project&rsquo;s Albert tower hit the market just four weeks ago, sparking a tidal wave of interest from Sydney and Melbourne buyers.

[smartcode_project:default project_id=107928 project_image_fid=184933]

&ldquo;The response since the launch of Albert has been incredible,&rdquo; Higgins said.

&ldquo;Southern buyers looking for their new home in the heart of the city&rsquo;s lifestyle mecca have jumped at the opportunity to secure a home in V&amp;A,&rdquo; he added.

&ldquo;With demolition now underway, we are looking forward to soon having a collection of high- quality homes to showcases for our new residents.&rdquo;

As demolition of the Niecon Plaza precinct officially kicks off, construction of the two V&amp;A towers is anticipated to start in the coming months, delivering 399 apartments, alongside an activated ground floor public precinct, with extensive food and beverage, high-end retail and commercial spaces. &nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184936]

Iris Capital CEO, Sam Arnaout, said the group is in final discussions with a builder, which they expect to have locked in by mid-August.

&ldquo;The start of demolition marks an exciting step forward in the delivery of V&amp;A&nbsp;Broadbeach, and we look forward to seeing our vision come to life over the coming few years,&rdquo; said Arnaout.

&ldquo;We have spent a lot of time ensuring a project of this scale was deliverable in the current climate and we are proud to today be embarking on the first major construction milestone.&rdquo;

The project is expected to take roughly three and a half years to complete, with completion slated for January 2026.

[smartcode_project:default project_id=107928 project_image_fid=180734]

The billion-dollar project is expected to create some 400 to 500 hundred jobs over the coming years, from construction through to completion, providing a boost to the construction industry and the Broadbeach region.

[smartcode_project_cta: project_id=107928]

The project’s Albert tower hit the market just four weeks ago, sparking a tidal wave of interest from Sydney and Melbourne buyers.



Interstate buyers dominate $200m spending spree at Iris Capital's V&A Broadbeach apartment development as construction looms

Gold Coast builder and developer John Kearney, head of the well known local building firm Greyburn, has secured development approval for a seven-storey apartment project in the heart of Coolangatta.

Positioned within the highly sought after and quiet residential Kirra Hill pocket,&nbsp;the project will deliver beachside apartments, within walking distance of some of Coolangatta&rsquo;s most iconic beaches and best amenity on the Gold Coast.

Kearney, who has over 35 years of experience developing in the South-East Queensland region, said they were excited to deliver the project, which will come to a market that is in high demand. &nbsp;

&ldquo;Our team lives and breathes the Gold Coast so we want to position our projects in areas that inspire a great lifestyle,&rdquo; Kearney said.

Located on a prime corner site at 30 Garrick Street, just 350 metres from Coolangatta Beach, the project will deliver 40 two-bedroom apartments with an average size of 105 sqm.

All apartments will feature two bathrooms, in a range of floorplans, with smaller affordable options, to larger more spacious layouts with additional study areas.

High ceilings will provide natural light throughout, while considered interior designs encourage cross-ventilation.

&ldquo;30 Garrick Street is designed to suit a wide-range of buyers seeking a high-quality, well- designed apartment that offers a relaxed beachside, walk-to-wherever lifestyle,&rdquo; Kearney said.

&ldquo;Our plans for the project are founded on providing well designed high, quality residences close to the beach with a focus on highly usable floor plans,&rdquo; Kearney added.

&ldquo;Our design considers a wide sector of the market from downsizers wishing to stay within proximity to their existing detached dwellings to young couples seeking proximity to the beach and employment.

&ldquo;The position enables residents to park their car in the secure basement and walk to everything their lifestyle requires whether it be basking on the beach or walking the ocean way path until they need to stop and enjoy world class coffee and food. Not to forget the daily ritual of immersing in the Pacific Ocean.&rdquo;

Crowning the project will be a rooftop pool and barbecue area, complete with outdoor dining space and relaxation zones, encased in lush tropical greenery.

The ground floor will cater for modern apartment living with a surf shower, a secure parcel room, a function room, as well as work-from-home space.

Kearney&rsquo;s Greyburn has been able to navigate the challenges of the building industry of late, recently stepping up to complete construction of Fraser Property Group&rsquo;s $121 million master-planned community, Minnippi Quarter in Brisbane, following the collapse of Condev Constructions.

Greyburn portfolio includes a spat of successful residential and commercial projects in SEQ, including Palladium, comprising 39 double-storey townhouses at Hope Island, along with the ORO Apartments, which delivered a boutique collection of luxury apartments at Biggera Waters.

Kearney plans to officially launch 30 Garrick Street to the market in the coming months.

[smartcode_project_cta: project_id=112169]

Located on a prime corner site at 30 Garrick Street, just 350 metres from Coolangatta Beach, the project will deliver 40 two-bedroom apartments with a spacious average size of 105 sqm.



Greyburn gains approval for apartment development in the heart of Coolangatta 

The long sought-after Queensland stretch hasn’t slowed down despite the rising construction costs and volatile building sector.

Colliers recently reported that strong population growth, a fast-growing economy and more than $20 billion in infrastructure and investment ahead of the 2032 Olympic Games are just some of the things that will continue to drive the Gold Coast property market over the next decade.

While a string of luxe projects have cropped up around the region, many have a number of options for those looking to get their start in the property market.

We’ve taken a look at some of the best Gold Coast apartments currently on the market under $700,000.

<h2>Seaclusion, Palm Beach</h2>

<h2>Price: From $695,000</h2>

Rarely is there an opportunity to secure a brand new apartment in Palm Beach for under $700,000. Enter Seaclusion.

[smartcode_project:default project_id=107136 project_image_fid=202030]

The newly launched project at 4 Twenty First Avenue has a handful of one-bedroom apartments under $700,000 in the block of 40.

It's being developed by the local Dorr family, who have lived at the prime dress circle spot for over seven decades. The Dorr family actually built the home just 40 metres from the beach,&nbsp;which is soon to be demolished to make way for the&nbsp;nine-level development.

[smartcode_project:default project_id=107136 project_image_fid=202031]

The amenity is located on the roof, where there's a north-facing pool with both ocean and hinterland views, as well as a barbecue area.

Pezet Matheson Director Todd Matheson says Seaclusion is a rare offering for Palm Beach.

"Nobody builds one and two-bedroom apartments at this price point on the beach side of the highway," Matheson says.

"Most apartment developments on the beach side are half or full floors, and can start anywhere from $2.5 million to $4 million."

<h2>Tapestry, Chevron Island</h2>

<h2>Price: From $725,000</h2>

The&nbsp;Brisbane-based boutique developer, Siera Group, fronted by Founder and Managing Director Brent Thompson, made the trip down to the Gold Coast for their inaugural apartment project.

[smartcode_project:default project_id=108641 project_image_fid=192963]

The Chevron Island, Tapestry, is a 22-level, arts-inspired apartment tower, designed to be in keeping with&nbsp;<a aria-label="Chevron Island - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" href="/developments/chevron-island-qld-4217" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/developments/chevron-island-qld$chevronisland">Chevron Island</a>’s growing standing at the cultural arts hub of the Gold Coast.

Due to high demand in the early stages of marketing, Siera recently received approval for the addition of another five levels to the tower, with the extra apartments to fill the demand in the area.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Locals, BDA were tasked with handling the architecture for Tapestry, with Siera also engaging local artist, Tania Blanchard, to create an artwork which will hang in the lobby of the 113-apartment tower when completed.

The two-bedroom apartments come in at $699,000, sharing the space with two-bathrooms, across 100 sqm, along with one car space.

The rooftop amenity at Tapestry is set to rival the best on the Gold Coast, featuring a private dining space, which can be closed off to the rest of the rooftop, an infinity pool with views across Surfers Paradise, a gym, and outdoor lounge areas.

<h2>Marine Quarter | Scenic Tower</h2>

<h2>Priced from: $695,000</h2>

As the only approved residential development on the Broadwater Parklands, Marine Quarter is positioned on the waterfront side of Marine Parade.

[smartcode_project:default project_id=7007 project_image_fid=187505]

Melburnians, BuildCap made the trip to the Gold Coast region of Southport, constructing two soaring towers; the sold out Oceanic Tower and the Scenic Tower.

Following the success of the Oceanic Tower, BuildCap launched apartments in the second tower back in March, with both towers designed by WallaceBrice Architecture.

Marine Quarter comprises a collection of two and three-bedroom apartments, as well as skyhomes, with the two-bedders starting from $575,000.

[smartcode_project:default project_id=7007 project_image_fid=187485]

Covering 89 sqm, the residences feature two-bathrooms along with one car space, with floor-to-ceiling glass maximising views throughout.

Complementing the popular Oceanic Tower, Tower Two is curated in a timeless, natural palette, with modern open-plan layouts encouraging interaction, while versatile multi-functional spaces adapt to everyday life.

The 31-level Scenic Tower is home to both north and east-facing apartments, with the tower also featuring an exclusive rooftop lounge area and pool.

<h2>Nina, Chevron Island</h2>

<h2>Price: From $725,000</h2>

The contemporary&nbsp;Chevron Island&nbsp;apartment development, Nina, by&nbsp;Macquarie York, has two-bedroom apartments priced from $725,000.

The $90 million development will soon rise at 8-10 Parneno Street, just around the corner form the under-construction Allure, another one of Macquarie York's projects.

[smartcode_project:default project_id=108640 project_image_fid=186291]

Nina will have&nbsp;78 apartments over 23 storeys, including a selection of six premium skyhomes and two multi-level penthouses that offer views east to the Pacific Ocean and west to the Gold Coast Hinterland.

On the ground floor residents will have access to a secure bike storage area at the building’s entry, while a mezzanine level above the ground floor will host a wellness centre to include a yoga deck, a large gym, sauna and shower facilities, all set in lush landscaping.

<h2>Rivea, Surfers Paradise</h2>

<h2>Priced from: $645,000</h2>

On the banks of the Nerang River, Rivea stands poised at a unique juncture between the beach, the city of Surfers Paradise, and the Gold Coast Hinterland.

[smartcode_project:default project_id=100371 project_image_fid=194516]

Rothelowman are behind the design of the Auriton Group Development, with the 102-apartment tower home to a mix of two and three-bedroom apartments.

Starting from $645,000, the two-bedders span 95 sqm, with two-bathrooms as well as an additional study space.

From the front entrance of Rivea, it’s a straight line down Frederick Street to the beach just a few hundred metres away.

[smartcode_project:default project_id=100371 project_image_fid=194518]

Not far to the south, residents will find a fishing spot at Neddy Harper Park, the lushly forested Cascade Gardens, and a long strip of surf clubs, parks, and playgrounds running down the foreshore from Broadbeach Park.

The long sought-after Queensland stretch hasn’t slowed down despite the rising construction costs and volatile building sector


The top five off the plan Gold Coast apartments under $750,000

The longtime local South East Queensland home builder turned apartment developer Choice Homes has broken ground at its $100 million Coomera apartment complex, Oakey Bay.

FKG Group is constructing the first stage of the three-tower&nbsp;project within the Coomera Marine Precinct, which will see 54 apartments created in Riverside Tower. Around 90 per cent of stage one are under contract, from a mix of local and interstate buyers.

The build will take place across three stages, creating over 167 apartments upon completion, along with providing a boost for employment in the region for trades, supplier and local businesses for the projected, next three to four years.

[smartcode_project:default project_id=108412 project_image_fid=201784]

Completion has been slated for mid-2023 for the first tower, with remaining apartments priced from $527,000.

Choice Homes Group Director&nbsp;Troy Knight&nbsp;says the company had engaged with several builders in a selection process, which eventually identified FKG as the ideal contractor to meet the demand for housing in the northern end of the Coast.

&ldquo;Choice has extensive experience building smaller-scale apartment projects, which have won awards, but thought it best to engage a well-reputed leading contractor for something of this size as it will be the largest in the area,&rdquo; Knight says.

&ldquo;FKG have a long history in the industry and are known for delivering outstanding building and engineering projects across Queensland, NSW, and the Northern Territory, so are well equipped to deliver what we&rsquo;re after.&quot;

[smartcode_project:default project_id=108412 project_image_fid=201805]

Oakey Bay will comprise a mix of two and three-bedroom apartments, averaging 110 sqm in size, set amid a resort-style environment which will home two pools, a tennis court, barbecue facilities, and a gym.

According to a recent report by Urbis, demand for homes, including high-density accommodation, has outstripped the existing property market.

The report identified a shortage of land has led to a surge in apartment sales across the Gold Coast - of up to 97 per cent in 2021 &ndash; reinforcing the decision for the developers on the location and timing of the project.

The family-owned developers won&nbsp;the 2018 Housing Industry Association Apartment Complex&nbsp;of the Year Award for its 101 Pohlman Street development in Southport.

[smartcode_project_cta: project_id=108412]

Following strong pre-sales, the three-tower project within the Coomera Marine Precinct, is set to offer a suite of boutique residences and amenities in the burgeoning Northern Gold Coast region.



Choice Homes breaks ground at Coomera Marine Precinct apartment development, Oakey Bay

New Zealand property developer&nbsp;Nigel McKenna is set to develop a small collection of luxury apartments in Burleigh Heads.&nbsp;

McKenna, whose projects include&nbsp;the Sofitel in Auckland, the Hilton in Queenstown and the InterContinental in Fiji, has lodged plans for just four&nbsp;apartments at 10 Ikkina Road,&nbsp;in a sought-after&nbsp;pocket near&nbsp;Koala Park, tucked away behind the Burleigh Heads National Park and Tallebudgera Creek.

The Australian-based&nbsp;designmilkstudio has been commissioned to design the apartments to embrace the best of coastal living.

<img alt="" height="932" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-08_at_4.49.43_pm.png" width="1790" /> 
Render of the proposed Ikkina Rd development. Credit: designmilkstudio

The group, which also has offices in Singapore and Malaysia, &nbsp;is spearheaded by its founding director, Christine McKenna-Farr, who&rsquo;s career spans over 25 years in the industry, working at some of the world&rsquo;s top tier firms&nbsp;including DWP and Woods Bagot.

Set to provide Koala Park with a new, quality-design apartment complex, McKenna-Farr said the project will offer apartments that align with the surrounding location and wellness lifestyle. &nbsp;

&ldquo;Ikkina Road offers the authenticity of coastal living, with this new development offering contemporary design with an artist edge,&quot; McKenna-Farr noted in the planning documentation.

<img alt="" height="934" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-08_at_4.49.05_pm.png" width="1912" /> 
Render of the proposed Ikkina Rd development. Credit: designmilkstudio

Designed across three-levels, each floor will be divided from east to west, generating a linear plan, maximising cross flow ventilation and natural light into each of the apartments.

Generously-sized master bedrooms feature ensuites and an adjoining nine sqm balcony, with the second-bedroom attached to an additional bathroom, while a dedicated home office spaces, round out the rest of the closed-off spaces.

Following an open-plan layout, an alfresco living space connects directly to the living and kitchen areas, with floor-to-ceiling sliding doors seamlessly blending the outdoors with the in.

&ldquo;Linear circulation allows a generous entry space and a &lsquo;gallery&rsquo; for hanging art, with the alfresco dining areas embracing the morning sun , and indirectly illuminating the living and open plan kitchen areas,&rdquo; McKenna-Farr added.

Each apartment will also benefit from an exclusive Sky Garden, with the expansive space adding an additional area to each apartment on the rooftop.

<img alt="" height="942" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-08_at_4.48.55_pm.png" width="1920" /> 
Render of the proposed Ikkina Rd development. Credit: designmilkstudio

Each of the gardens will be emblazoned with lush greenery, in addition to barbecue facilities, seating and lounges, a shaded pergola area, and an outdoor shower, with views towards the Burleigh skyline and the surrounding parks and Tallebudgera Creek.

Designed as vertical &lsquo;Art Garden&rsquo;, a centrally located staircase will provide access to each apartment, in addition to a commissioned art mural on the north-eastern wall.

The exterior is simple and contemporary acknowledging the local architecture of the 60&rsquo;s and 70&rsquo;s.

The built form has a double skinned fa&ccedil;ade, with both fixed and operable full-height screens, for both privacy and sun shading.

&ldquo;The screens are designed sit flush with the suspended slab construction, allowing the building form to seamlessly transition into the surrounding street, and next door development,&rdquo; McKenna-Farr also noted.

<img alt="" height="910" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-08_at_4.48.45_pm.png" width="1898" /> 
Render of the proposed Ikkina Rd development. Credit: designmilkstudio

Sitting just north of the Burleigh Heads CBD and Burleigh Heads Stockland, residents will be just a five-minute drive, via either the Gold Coast Highway or Tabilban Street, to the heart of town.

The neighbourhood also benefits from its proximity to Tallebudgera Creek and its associated recreation spaces, both along the northern and southern banks, with the Tallebudgera Leisure Centre and Burleigh Head National Park both within walking distance.

The Australian-based designmilkstudio has been commissioned to design the apartments to embrace the best of coastal living


New Zealand developer lodges plans for Burleigh Heads apartments

Six leaves is the new gold standard as developers look to create more environmentally sustainable communities within south east Queensland.

As the state&rsquo;s population continues to surge, the need for more homes grows with it, placing pressure on greenfield developments and the impact accommodating the growth has on the environment.

EnviroDevelopment is a scientifically-based assessment scheme that independently reviews development projects, and awards certification to those that achieve outstanding performance across four or more of the provided elements, which includes categories; Ecosystems, Waste, Energy, Materials, Water and Community.

AVID Property Group&nbsp;was an early adopter of independently reviewed EnviroDevelopment certification across its portfolio, continuing this accreditation with its new Northern Gold Coast housing development.

Prior to its official launch, Amara by AVID Property Group in Northern Gold Coast was recognised by the Urban Development Institute of Australia (UDIA) receiving six &lsquo;Leaf&rsquo; national EnviroDevelopment certification - the highest possible level of accreditation.

The first built form community in AVID&rsquo;s portfolio to achieve this certification, Amara met rigorous criteria demonstrating outstanding performance across all six elements of assessment including ecosystems, waste, energy, materials, water, and community.

AVID&rsquo;s General Manager Queensland Bruce Harper said the developer is prioritising sustainable measures to align with exponential population growth and their sustainable savvy customers.

&ldquo;With the anticipated population growth over the coming years there is both great responsibility and opportunity for our business&rsquo; ecological footprint,&rdquo; Harper said.

&ldquo;AVID recognises the need to move away from traditional practices and typical building materials to something more sustainable, whether it be power, water or materials, and has seamlessly adopted EnviroDevelopment as a core element of our business.

&ldquo;We&rsquo;re committed to creating communities which are truly sustainable and liveable, designed to use resources responsibly and offer a range of benefits to the homeowners such as low energy consumption and reduced water bills.&rdquo;

As the Gold Coast region is renowned for its natural surroundings, AVID&rsquo;s set out to create something that was community driven, with a future-focused and customer-centric mantra.

Once complete, Amara will boast 12.9-hectares of green spaces, with a 10-hectare fauna movement corridor adjacent the Pimpama River included in the area.

Amara will also comprise 5,700 sqm of activated parklands, incorporating recycled hard landscape materials, and green leafy spaces for shade and picnics.

Every home constructed will include energy efficient features&nbsp;such as solar panels, state of the art insulation and appliances, as well as an underlying Truecore steel framework, while the private gardens will include drought tolerant plan species to reduce demand on the local water supply.

Committed to creating communities which inspire its residents to choose a sustainable lifestyle, AVID&rsquo;s southeast Queensland communities Harmony, Covella and Brentwood Forest have all received EnviroDevelopment Certification.

[smartcode_project_cta: project_id=103506]

AVID was an early adopter of independently reviewed EnviroDevelopment certification across its portfolio, continuing this accreditation with its new Northern Gold Coast housing development.



AVID to launch environmentally friendly Gold Coast housing estate, Amara 

Hirsch &amp; Faigen&rsquo;s $200 million Yves, Mermaid Beach development is proving to be a quick hit amongst local buyers, with one of its 145 apartments snapped up by Gold Coast couple&nbsp;Mark and Renee Rooney.

Varsity Lakes local Mark Rooney&nbsp;says he and his wife based their purchase off a list of 60 different criteria, ranging from living and communal spaces to the ceiling height and interior aesthetics.

[smartcode_project:default project_id=102451 project_image_fid=186071]

Half of the apartments in Yves were snapped up in the first two months of marketing, unsurprisingly with locals dominating the purchasing.

For the Rooney&rsquo;s, Yves long term growth and advantages, alongside its architecturally acclaimed design, ticked all the boxes of their detailed criteria list and ultimately sealed the deal.

&ldquo;We looked at five or six other developments first and did an analysis of which one we thought provided the best short-, medium- and long-term growth and advantages for myself and my wife, and Yves proved to be most favourable in that respect,&rdquo; said Rooney.

&ldquo;The quality and pedigree of the developer, the architect and the builder were the next things we looked at and when all 60 criteria were analysed against some of the other developments, Yves undoubtedly came out on top.

[smartcode_project:default project_id=102451 project_image_fid=186074]

&ldquo;The unique and luxurious living and communal spaces throughout Yves feature uncompromising commitment to design, sustainability and usability which was also a key component in our criteria.

&ldquo;Entering back into the property market we had a list of 60 criteria we needed the development to meet, and the fact that Yves ticked all our boxes is a testament to the quality of this project.&rdquo;

Rooney said&nbsp;Yves serene beachside location further cemented his desire for the development, also citing the surrounding amenities as its major draw cards.

&ldquo;My mum has been living in this prestigious pocket of the Gold Coast for over 30 years and she absolutely loves it, so we were confident moving to the area,&rdquo; said Rooney.

[smartcode_project:default project_id=102451 project_image_fid=186076]

&ldquo;Yves central Mermaid Beach location is simply unrivalled, we have an abundance of enriching dining, shopping and entertainment precincts, as well as a pristine beach, right at our doorstep.&rdquo;

Developers, Hirsch &amp; Faigen, had previously caught the attention of the Rooney clan with their interstate projects and most recently, the Kirra Beach development of Emerson.

&ldquo;I&rsquo;m originally from Sydney and my wife is from Melbourne and Hirsch &amp; Faigen have done developments across the country, making a nationwide name for themselves,&rdquo; he said.

[smartcode_project:default project_id=102451 project_image_fid=186079]

&ldquo;After seeing theirs and Rothelowman Architects&rsquo; portfolio of projects on the Gold Coast, Sydney and Melbourne, we were really impressed, especially with Hirsch &amp; Faigen&rsquo;s distinct style,&rdquo; he added.

Upon completion, Yves will comprise a mix of&nbsp;one, two and three-bedroom designs, in addition to the premium offerings of two four-bedroom, half-floor sub-penthouses and a single full-floor penthouse.

[smartcode_project_cta: project_id=102451]

Half of the apartments in Yves were snapped up in the first two months of marketing, unsurprisingly with locals dominating the purchasing.



Why locals are buying an Yves, Mermaid Beach apartment

Lewis Land has submitted plans for the second stage of their $1.5 billion Harbour Shores precinct&nbsp;in Biggera Waters on the Gold Coast.

Cottee Parker Architects, who designed stage one, have drawn up the plans for the three 12-level&nbsp;apartment buildings, which is set to bring a further 230 apartments and villas to the masterplanned precinct.

Stage two at 564 Oxley Drive forms part of the 15.7&nbsp;hectare Greenfield waterfront site, which has a 90-metre frontage to the canal.

<img alt="" data-entity-type="" data-entity-uuid="" height="836" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-27_at_11.00.04_am.png" width="1544" />

"Built around a holistic haven, residents are provided connections to sky, water and landscape in a resort inspired enclave," Cottee Parker noted in their design statement submitted to the local council.

"Refined, quality architectural design - biophilic design. A building that is designed as part of the coastal fabric of Biggera waters."

Each of the towers will offer around the same number of apartments. Building 2A will have 73 one, two, three and four-bedroom apartments, 2B will have 87 apartments, but just two, three and four-bedders, and 2C will have 70 apartments, just two's and three's on offer there.

Residential amenity is provided across all three towers.

<img alt="" data-entity-type="" data-entity-uuid="" height="836" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-27_at_11.00.11_am.png" width="1534" />

Towers 2A and 2B will be crowned by rooftop pools and private dining areas, taking advantage of the expansive coastal and Surfers Paradise views, while 2C will have their amenity, including swimming pool, barbecue space, and private seating pods, on the ground level.

Lewis Land announced earlier this year their $1.5 billion plans for Harbour Shore, designed as an exclusive ‘Village of Villages’.&nbsp;

Matthew McCarron, Lewis Land Group Chief Executive Officer, said sustainability and community are key aspects of the masterplan, which includes a mix of apartments, waterfront villas and penthouses, and will eventually be home to more than 4,500 residents.

<img alt="" data-entity-type="" data-entity-uuid="" height="1096" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-27_at_11.02.08_am.png" width="1800" />

“We are excited to share our vision for Harbour Shores, which represents a $1.5 billion commitment by Lewis Land Group to the Gold Coast and will generate up to 5,000 jobs over the next 10 years,” McCarron said.

“We are targeting a 5-star Green Star Certified community for this development through a range of environmentally focused initiatives, including energy and water conservation and resident wellbeing programs.”

McCarron said community feedback will be important to ensure that the needs of locals are met.

“The lodgement of this development application with Gold Coast City Council is the first stage of a focused community consultation program and we welcome the opportunity to discuss our plans with residents as well businesses and community groups over the coming months,” he said.

“We are thrilled to launch this project which continues our long history of crafting iconic addresses focused on providing residents with a unique Gold Coast lifestyle.”

[smartcode_project_cta:default project_id=113271]

Stage two at 564 Oxley Drive forms part of the 15.7 hectare Greenfield waterfront site, which has a 90-metre frontage to the canal

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