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

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

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

max.kwok_55688

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

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

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

jordan_55689

Amenities watch: What's on offer at Chevron One?

Plans have been submitted to the Gold Coast City Council for a&nbsp;new residential apartment development in Palm Beach.

The boutique project at 1245 Gold Coast Highway, dubbed Aqualina, has been lodged by the Sydney-based development firm Emicon, ran by the Saab family.

Aqualina is&nbsp;Emicon&#39;s first project on the Gold Coast, and the first outside of New South Wales. They&#39;ve previously created apartment projects in Parramatta&nbsp;and Umina Beach on the Central Coast, with a number of projects in the pipeline across Sydney.

Emicon was incorporated in November 1994. Prior to this the company had been operating under its previous name of E &amp; G Saab Constructions for over 20 years.

The Gold Coast tower, designed by BDA Architecture, will only home three bedroom apartments, just two on each of its eight levels.

<img alt="" height="672" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bda_gold_coast_highway.jpg" width="1200" />

The design was inspired by the natural environment of Palm Beach, from the soft edges of the water to the colours of the headlands, the BDA Architecture submission read 
 
&quot;Inspiration also comes from the curved edges of surfboards and the local architectural vernacular.

&quot;The architecture of the proposal is tailored to the coastal, sub-tropical location of Palm Beach.&quot;

The Design Summary

This project offers the opportunity to design an innovative architectural building and provide a higher residential density development along the beach-front of Palm Beach. The nine storey residential apartment building provides a sculptural fa&ccedil;ade which draws inspiration from the surrounding landscape environment.

<img alt="" height="728" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bda_gc.jpg" width="1200" />

The Site

The site is located at the Northern End of Jefferson Lane, with access currently located off the Gold Coast Highway, between 15th &amp; 17th Avenue, Palm Beach. The site is 756m&sup2; in area and has unobstructed beach-front views. A two storey apartment block currently occupies the site. The site is bounded to the north by a two storey holiday home with a mix of 2, 3 and 9 storey residential buildings further to the north. The site is bound to the south by a two storey block of units and has close walking distance to public transport along the Gold Coast highway corridor.

Overview

Positioned along Jefferson Lane at Palm Beach, the project will enjoy the amenity of the beach-front and close proximity to shops, cafes and restaurants in the Palm Beach precinct. The site has unobstructed views to Burleigh Headland and south to Coolangatta coastline. This project offers high quality residential apartments with two units per floor level. The apartments provided are large liveable apartments that can cater for families and focus on maximising natural ventilation and natural light.

<a href="/developments/gold-coast-qld?source_news_article_id=101611&amp;ref=news_body_link"><img alt="" height="797" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gc_newest_tile_jpeg_3.jpg" width="1200" /></a>

All apartments are provided with large featured balconies that can be used as an outdoor living room. The two units per floor level provides a low density of only 16 apartments and 48 beds. The ground floor contains vehicle access from Jefferson Lane with visitor parking at grade with access to a two level basement car park, which provides car parking in excess of the planning code requirements. The remaining ground floor houses a clearly defined lobby space and community recreation facilities which contains a pool, pool deck and barbeque area.

Conclusion

This project offers high quality contemporary design that respects the surrounding environment. The imaginative and innovative detailing and built form demonstrates a positive outcome which will enhance the beach-front edge in the Palm Beach precinct.

The tower, designed by BDA Architecture, will only home three bedroom apartments, just two on each of its eight levels.

Tower reveal: Sydney developer lodges plans for Palm Beach apartment tower

A half floor apartment in the Gold Coast Sentinel apartment complex has been sold for $1,235,000.

It sold last week through Ray White agent Jackson Paradise.

[smartcode_project:default project_id=97810 project_image_fid=160635]

The apartment had last traded in 2016 at $855,000. It first sold at $650,000 in 2002.

The apartment has 187 sqm of space occupying half of the 11th floor.

It is in a 30 storey residential-only building completed in 2001 by the Willemsen Group.

The Sentinel apartment offers views of the city skyline, river, Broadwater, mountains and beyond.

The master suite with walk in robe and ensuite is separated from the other two bedrooms by the living, entertaining, kitchen and dining areas, plus a separate home office.

Its facilities include a riverfront infinity edge swimming pool and BBQ area, gymnasium and indoor and outdoor entertaining areas surrounded by manicured lawns and gardens in the quiet riverfront enclave known as Budds Beach.

 
&nbsp;

A half floor apartment in the Gold Coast Sentinel apartment complex has been sold for $1,235,000

jchancellor

$1.23 million Sentinel, Surfers Paradise half floor trophy apartment sale

Suburban vacancy rates continue to fall, according to new SQM Research data revealed Tuesday.

The Australian investment research house recorded a 0.2 per cent drop in the national residential rental vacancy rate over the month of April, falling to 1.9 per cent from 2.1 per cent in March.

<figure><img alt="" class="image-article-full-width-580px" height="263" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/vacancy_rates.png?itok=K3RQjn1f" title="Vacancy Rates - April 2021" width="580" />

<figcaption>Vacancy Rates - April 2021</figcaption>
</figure>

Melbourne&rsquo;s vacancy rate fell to 4.0 per cent in April from 4.4 per cent, while in Sydney it dropped to 3.1 per cent from 3.4 per cent.

In Adelaide, Canberra and Hobart, the vacancy rate remained below 1.0 per cent, while Brisbane&rsquo;s fell to 1.4 per cent.

&ldquo;Along with the smaller capitals, Brisbane&rsquo;s vacancy rate has become extremely tight and so we are expecting a surge in rents for the city this year&rdquo;, Christopher said.

[smartcode_project:default project_id=26734 project_image_fid=153694]

Vacancy rates in Perth and Darwin saw the most significant drop over the year, with rates falling 1.3 per cent and 1.1 per cent, respectively.

Rents have also jumped in these smaller cities, a trend that SQM managing director Louis Christopher believes we could see continue given the recent commodities boom for iron ore and other base metals.

<figure><img alt="" class="image-article-full-width-580px" height="560" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/asking_prices.png?itok=xko1lk5t" title="Weekly Rents Index - 11 May 2021" width="580" />

<figcaption>Weekly Rents Index - 11 May 2021</figcaption>
</figure>

&ldquo;Demand for rental accommodations is still outstripping supply, which is having the effect of boosting rents in many locations and unaffordable to lower income tenants&rdquo;, Christopher said.

In some locations, including the Gold Coast and New South Wales&rsquo; North Coast, landlords are demanding huge rent hikes, with asking rents soaring 32 per cent for houses on the Gold Coast over the year.

[smartcode_project:default project_id=22057 project_image_fid=150842]

This surge has occurred as people migrate out of the big capital cities and move to regional and warmer locations, as well as the number of occupiers per dwelling fall, the research revealed.

&ldquo;People are also looking for larger properties as they work from home and not wishing to live together.&rdquo;

In contrast, rates for Melbourne and Sydney CBDs remain elevated with the loss of international student tenants combined with apartment oversupply.

These were among the only areas recording rises in vacancy rates, excluding Sydney&rsquo;s Liverpool.

As a result of demand outstripping supply, some locations, including the Gold Coast, are seeing asking rents soaring 32 per cent over the year

National residential vacancy rates continue to fall: SQM Research

Prestige apartments on the Gold Coast are currently flying off the shelves, with downsizers and owner-occupiers keen for a quiet lifestyle by the beach.

The entry level apartments in the idyllic tourist hotspot are the next wave to be snapped up, as investors continue to come back in to the market.

There was a 19&nbsp;per cent rise in of new loan commitments by investors in Queensland in the 12 months to March 2021.

Urban has had a look at the best on offer in Surfers Paradise under $600,000.

1. Chevron One 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
One-bedroom apartments from $480,000

[smartcode_project:default project_id=6515 project_image_fid=68834]

Bensons Property Group&rsquo;s Chevron One offers residents holiday-style living year-round, with close to 2000 sqm of resort-style amenities.

Designed by Marchese Partners, the project includes a Club One residents&rsquo; lounge, floating cinema, dining facilities and sculpted gardens.

Chevron One&rsquo;s intuitive design and quality finishes make it easy to love, providing the best in coastal apartment living with 360-degree uninterrupted views never to be built out.

2. <a href="/buildings/serenity-surfers-paradise-14-cannes-avenue-surfers-paradise?utm_source=news_article.project_embed&amp;source_news_article_id=7182&amp;ref=news_body_link?source_news_article_id=100406&amp;ref=news_body_link">Serenity&nbsp;Surfers Paradise</a> 
Address: 14 Cannes Avenue, Surfers Paradise QLD 4217 
Two-bedroom apartments from $589,900

[smartcode_project:default project_id=7182 project_image_fid=28682]

Set over 10 floors, Serenity offers homebuyers the chance to secure a home at one of Australia&#39;s most coveted holiday destinations.

Boasting a selection of one, two and three-bedroom homes, the development provides the excellent opportunity to secure a home in an amenity-rich development with a designated rooftop recreation zone, complete with lounge areas, barbeque facilities, a spa and views spanning Surfers Paradise.

3. <a href="/buildings/ocean">Ocean</a> 
Address: &lrm;84 The Esplanade, Surfers Paradise QLD 4217 
One-bedroom apartments from $425,000

[smartcode_project:default project_id=7974 project_image_fid=72337]

The&nbsp;Meriton-developed Ocean at Surfers Paradise will soon be the tallest high-rise in the area, standing at 252 metres and 76 levels, therefore there will be a number of the higher apartments which look down on every building in the popular Gold Coast tourist hotspot.

Each of the&nbsp;SJB-designed apartments are&nbsp;complete with floor-to-ceiling windows, made to take full advantage of its iconic beachfront views. Properties are available in a selection of one, two or three-bedroom apartment configurations, with one beds starting from $425,000. Prices over the last six months have ranged from $450,000 to $1.4 million.

<a href="/developments/gold-coast-qld?utm_source=news_article.project_embed&amp;source_news_article_id=100406&amp;ref=news_body_link?"><img alt="" height="739" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-05-13_at_10.54.13_am_0.png" title="Search New Projects on the Gold Coast" width="1112" /></a>

Serving as a hot vacation spot for Australians and international visitors alike, with its breathtaking beach and plethora of nightlife options, Surfers has it all without breaking the bank

Top Surfers Paradise apartments under $600,000

Southport is not only the CBD&nbsp;of the Gold Coast with&nbsp;the city&#39;s largest area of office space but also the central entertainment location of the Gold Coast.

In current times it is set apart from the normal tourist hub of the Gold Coast, however there is still plenty to see.

The Gold Coast&rsquo;s best restaurants, boutiques, and cultural institutions are just a&nbsp;walk away from, choose from an everflowing list of award-winning grocers, cinemas, cafes, malls &amp; eateries.

With so much convenience on offer it isn&#39;t a surprise that&nbsp;Southport has 18&nbsp;high-rise towers&nbsp;either completed, under construction or awaiting commencement.

Urban took a look at three of the best and most affordable on offer:

1.&nbsp;<a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport">Regal Residences Imperial Square</a> 
Address:59-73 Meron Street, Southport QLD 4215 
One-bedroom apartments from&nbsp;$364,000

[smartcode_project:default project_id=29350 project_image_fid=154910]

Gold Coast developer Azzura have&nbsp;fast-tracked construction of Regal Residences, the first stage in their $2.3 billion Imperial Square development in Southport.

Also featuring 200 hotel suites, local&nbsp;construction company Descon Group Australia is on the job.

Already around half of the 145 apartments in Regal Residences have sold, with&nbsp;Azzura&#39;s&nbsp;sales director Jason Paris pinning the strong sales on the pent-up demand for new product in the city&rsquo;s CBD hub.

Regal Residences will also include a range of commercial&nbsp;spaces on completion, rooftop bars, and amenities such as rooftop infinity pool, steam room, sauna, gymnasium, spas, zen garden, BBQ and a residents lounge.

Part of the project will be a 108-level tower, set to be one of Australia&#39;s tallest buildings.

2. <a href="/new-apartments/rise-on-minnie-23-minnie-street-southport">Rise on Minnie</a> 
Address: 23 Minnie Street, Southport QLD 4215 
One-bedroom apartments from&nbsp;$339,500

[smartcode_project:default project_id=8233 project_image_fid=140838]

Inside Rise on Minnie, designed by RH Frankland you will find beautiful white walls, stone benchtops and expansive living areas that style to your new apartment.

Whether you&rsquo;re at home with your loved ones or hosting a gathering, the modern interior seamlessly enhances your time spent at home; the perfect blend between beautiful design and function.

Just minutes away from the Gold Coast University Hospital, Griffith University, Gold Coast TAFE and some of the best schools on the Gold Coast including The Southport School and St Hilda&rsquo;s. You&rsquo;ll find all you need right outside your door.

Enjoy your own private rooftop terrace featuring&nbsp;BBQ facilities to entertain family and friends whilst enjoying views of the Surfers Paradise Skyline

3. <a href="/buildings/the-mill-137-eugaree-street-southport">The Mill</a> 
137 Eugaree Street, Southport QLD 4215 
One-bedroom apartments from&nbsp;$485,000

[smartcode_project:default project_id=7435 project_image_fid=153965]

The Mill presents a collection of 27 spacious apartments, thoughtfully designed to appeal to those who value quality, luxury, space and design.

Developed by PSA Group and designed by BDA Architecture, don&#39;t miss the opportunity to live a life of opulence surrounded by everything you need right at your doorstep.&nbsp;

Inside your new home, you will be greeted with quality at every turn, spacious living that seamlessly connects indoor with your private outdoor garden room.

Expansive bedrooms double as private retreats, elegant bathrooms with refined finishes and fittings and impressive kitchens with stone benchtops, 2-pak joinery and the very best European appliances. Your light-filled apartment is positioned to take in the prevailing breezes and captivating views across the hinterlands and Gold Coast skyline.

Your new home also features lift access, timber flooring, air conditioning and one car space with generous separate storage. The Mill rooftop terrace is truly unlike any other complete with alfresco dining areas and barbeque facilities.

Queen Street Village, a $550 million integrated masterplanned community is already taking shape and once complete will be within walking distance. It will feature an urban village with retail, dining and entertainment, as well as commercial office space, a medical centre and cinema.

The newly developed Southport Broadwater Parklands provides the suburb with a sheltered seaside precinct to rival Brisbane's South Bank

Top Southport apartments for sale under $500,000

The primarily Melbourne-based developer Auriton are set for their first residential apartment tower in Queensland.

They snapped up a prime 1,095&nbsp;sqm development site at 2932-2934 Gold Coast Highway in late March&nbsp;and have just lodged plans to the City of Gold Coast council for Rivea, an $80 million tower&nbsp;with 108 apartments.

It has been designed by the renowned architecture firm Rothelowman, who are calling the 30-level tower&nbsp;a vertical community.&nbsp;The design incorporates just four apartments per floor for the most part, with 14 sqm balconies located on each corner of the building.

<img alt="" height="685" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/auriton_high_tower_2.jpg" width="1200" />

The layout favours liveability over style, which Rothelowman says is a local approach to coastal living.

The cross ventilated breathable building will feature a mid-rise garden with gym, office space, formal dining room or board room. The ground level, beside the lobby, will be a swimming pool with day beds and outdoor lounge area facing the Nerang River.

Crowning the building will be a 29th level, four bedroom penthouse with its own home office and a multi purpose room.

Auriton are targeting everyone from local buyers to international investors, retirees and holiday home buyers.

Construction is expected&nbsp;to commence in early 2023, with completion slated for mid 2024.

The Design Statement by Rothelowman

2934 Gold Coast Hwy provides an opportunity to craft a unique residential tower development that capitalises on its locality and context. Located at the pinch-point between the Nerang River and the Pacific Ocean the site is afforded a number of quintessentially Gold Coast attributes that the design seeks to enhance and exploit. The &ldquo;east-west&rdquo; focus of the City is a natural consequence of its linearity (the bias of the linear city as opposed to the concentric city). The subject site capitalises on its orientation to enhance this &ldquo;eastwest&rdquo; concept through view focus (mountain range and ocean), site movement linking beach to river and tower form symmetry and arrangement.

<img alt="" height="960" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/auriton_3.jpg" width="760" />

The scheme focuses on enhancing the urban realm in an area somewhat burdened by the intensity of city scaled infrastructure (a highway, light rail overlay etc). It does this by focusing on humanising the ground-plane through a generous and considered street building approach layered in domestically scaled detailing, landscape integration and materiality.

The design offers up an open, permeable and generous forecourt to the street in a manner that seeks to improve the pedestrian experience of the area. This unique (yet modest) approach to contributing to the city at the street level is fundamental to creating a relaxed walkable and &lsquo;people centric&rsquo; development. Combining with the ground the tower form is expressed at the city scale as an elegant, elemental and layered series of facades that favour liveability and domestic performance over random form making. The design seeks to be explicit in its response to the local environment through extended eaves for shading, operability of glazing and the activation and treatment of all facades (a &ldquo;building in the round&rdquo;).

Accents and focus are dedicated to the communal areas of the tower which occur at the ground, centre and crown. These landscaped spaces offer relief in the elevation of the building ensuring visual cues to the subtropical approach of the design. 2934 Gold Coast Hwy provides for a positive, contextually driven, domestic addition to the skyline of Surfers Paradise. A liveable, elegant and confident architecture that favours the local over the generic.&nbsp;

About the developer

Auriton Group&nbsp;is a rising Australian business group covering commercial and residential real estate development, land planning and fund investment and management.

Auriton have three current projects in market in Melbourne, having completed 10 previously, with developments ranging from a townhouse community in Blackburn to the La Trobe St tower The Peak.

In Sydney Auriton developed a 130 apartment development in Beecroft in 2017 and are currently planning a project in Botany.&nbsp;

The primarily Melbourne-based developer Auriton are set for their first residential apartment tower in Queensland.

Tower reveal: Auriton set to make move to Gold Coast market with Rivea tower

Keen developer interest is expected after a 5.39 ha parcel of undeveloped waterfront land in the Gold Coast suburb of Varsity Lakes has been listed for sale.

Situated just across the lake from Bond University, the site comes with a town plan zoning that allows for a broad range of mixed-use development opportunities.

Lot 103, Lake Orr Drive, is being marketed through CBRE and Colliers International, billed as one of the largest privately owned, greenfield parcels of waterfront land on the Gold Coast.

The approved master plan allows a density of 3,736 bedrooms&ndash; in any combination of one, two, three- or four-bedroom apartments.

The buildings can be as high as 45m.

<a href="/developments/gold-coast-qld?source_news_article_id=100311&amp;ref=news_body_link"><img alt="" height="797" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gc_newest_tile_jpeg.jpg" width="1200" /></a>

Varsity Lakes was developed by Delfin Lend Lease two decades ago and is now home to more than 17,000 people.

Lot 103 Lake Orr Drive fronts Southport-Burleigh Road, providing easy access to Robina Town Centre.

Offers close June 9.

Realestate.com.au puts Varsity Lakes&#39; median price as $680,000 for houses and $470,000 for units.

Based on five years of sales, Varsity Lakes has seen a compound growth rate of 4.5% for houses and 2.8% for units.

Houses in Varsity Lakes rent out for $600 per week with an annual rental yield of 4.6% and units rent for $480 per week with a rental yield of 5.3%.&nbsp;

Varsity Lakes was originally developed by Delfin Lend Lease some 20 years ago and is now home to more than 17,000 people.



Varsity Lakes master plan for 3,736 bedroom aprovals listed for sale

The Sydney born real estate agent Andrew Ramsey has been selling property on the Gold Coast for the last 15 years since moving from the Harbour capital.

And in that time Ramsey has seen the area evolve in to a world class destination.

&quot;The Gold Coast is no longer that transitional city that people used to consider for a short-time&quot;, Ramsey says.

&quot;The Gold Coast is now sophisticated, world class even, with its world class sporting facilities, shopping centres and golf courses.

&quot;It&#39;s a playground everyone wants to enjoy.&quot;

And that&#39;s certainly the case,&nbsp;as the Gold Coast has become one of the most sought-after areas in the country.&nbsp;Vacancy rates are currently less than one percent, according to SQM Research.&nbsp;In comparison, Sydney&#39;s vacancy rate is over three per cent and Melbourne&#39;s over four per cent.

<a href="/developments/gold-coast-qld?source_news_article_id=96596&amp;ref=news_body_link"><img alt="" height="797" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gc_newest_tile_jpeg_0.jpg" width="1200" /></a>

&quot;People are buying things they wouldn&#39;t normally buy&quot;, Ramsey says.

&quot;There&#39;s huge demand for off the plan and existing apartments, the trouble is there&#39;s not enough existing that is top quality.&quot;

Ramsey marketed White Main Beach, the 27 level tower from developer White &amp; Partners, which saw 80 per cent of its apartment sales go to locals at an average price point around $2.9 million.

Only three apartments are left. Each apartment in the development spans a whole floor and has 325 sqm of living space.

[smartcode_project:default project_id=22056 project_image_fid=141004]

Ramsey said owner-occupiers wanted the big apartments that White offers in a boutique residential building, with downsizers keen on not having the expenditure and hassle of maintaining a house.

&quot;People are wanting to get away from holiday apartments as lifestyle is king, which is why there&#39;s been higher demand in the more premium end of the market,&quot; Ramsey says.

Ramsey has a few apartments left in Infinity, the Bassar Group&#39;s Broadbeach project of 60 apartments.

Construction has commenced on the 39 level tower designed by BDA Architecture. Another residents only tower, Infinity will feature private resident facilities including a 20m north facing pool with daybed area, a&nbsp;gym, alfresco BBQ space&nbsp;and multiple entertaining areas.

Prices for the remaining apartments start from $1,347,000.

[smartcode_project:default project_id=9748]

When discussing the&nbsp;current boom conditions, Ramsey doesn&#39;t see a slow down anytime soon, with further opportunities to open up when international travel returns to normal.

&quot;We haven&#39;t seen the overseas market,&quot; Ramsey says, adding that people are watching Australia and wanting to move here due to its response to the COVID-19 pandemic.

&quot;Research shows there is still a huge undersupply of apartments and demand is still well outstripping supply.&quot;

The demand has&nbsp;been seen across the board, from Palm Beach and Coolangatta as far north as Mermaid Beach.

"The Gold Coast is no longer that transitional city that people used to consider for a short-time", Ramsey says.



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