Sun Property Group (SPG) has taken a major step to reinforce its commitment to consumer trust by securing Latent Defects Insurance (LDI) from Resilience Insurance for its nearly completed Willoughby development on Sydney’s Lower North Shore.

The boutique project, Aurora, comprising 12 apartments and a ground-floor commercial space, is one of few in the region to adopt the forward-thinking insurance model—offering a point of difference in a competitive market.

For Cameron Johnson, General Manager at Sun Property Group, the decision to adopt LDI was rooted in the company’s long-standing philosophy of maintaining a highly personalised relationship with its end users.

“We’ve always taken ownership over our product,” Johnson said. “Introducing LDI is not just about peace of mind for the buyer—it’s about raising the internal bar. It becomes the baseline for how we do things going forward.”

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While hundreds of developers and builders have taken out an LDI policy from Resilience Insurance, the insurance is still relatively new to Australia. Johnson says he sees significant future potential with LDI nationwide, with both&nbsp;regulatory and market frameworks starting to evolve to support its wider use in class two buildings.

“When we started the Willoughby project, LDI was still just a concept being floated by the Building Commissioner’s office," Johnson says.

"Delays in the construction timeline gave us the unique opportunity to adopt it as the product became more available in late 2023."

That timing aligned with a shift in construction contractors on the project, which opened the door for a more collaborative and considered implementation of the insurance. According to Johnson, Resilience Insurance was proactive and solution-oriented.

“It wasn’t just about us buying a product off the shelf. It was a dialogue—how can we work together to deliver something that meets both of our needs?” he added.

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LDI covers major structural defects for up to 10 years post-completion and offers an alternative to the traditional developer bond held under the Department of Fair Trading’s scheme. SPG prudently factor in a two per cent cost profile for such measures into its feasibility, treating it as “business as usual.”

“What LDI does is show the consumer that we’re front-ending our responsibilities—design, delivery, documentation, execution. That whole chain of custody is assessed and independently reviewed throughout construction. It’s a rubber stamp on quality,” Johnson said.

In a region where no other nearby developments currently carry LDI, the move also creates a market differentiator. While some projects may carry an iCIRT rating, few offer the depth of protection and oversight that LDI provides, especially outside of publicly listed organisations.

Aurora is being brought to market by Henry Burke of McGrath Projects. With the recent cut in interest rates Burke expects that many first home buyers and investors will jump at the chance to buy in Aurora due to its convenient location, fantastic retail amenity, picturesque parks with leafy walks, and excellent transport connections with only one stop to Sydney CBD. He expects a local owner-occupier to secure the standout penthouse which offers 175 sqm of internal space and further 200 sqm of outdoor space.

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Johnson says Aurora residents will not only benefit from the first right insurance policy, which means action is taken immediately rather than often long and complicated battles as developers and builders point fingers at each other as to who created the issue, but from how it can benefit the strata communities of the building.

Many buyers, especially first-time apartment owners, have limited understanding of shared infrastructure or the responsibilities of Owners Corporations. LDI adds an important layer of education, structure, and protection.

“People want to move in and enjoy what they’ve bought. But when things go wrong, that’s when emotions and stress levels rise. The insurance policy gives owners a clearer path to resolution—an assured, regulated compensation process. It also helps equip owners and managers with the knowledge they need to maintain the building properly.”

The insurance includes tools such as service penetration matrices and access documentation—going far beyond standard build drawings. Johnson says it’s about delivering not just a home, but a sustainable, manageable asset.

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Sun Property Group continues to build on its strong track record across Sydney’s Lower North Shore, with an upcoming major development of its Bowen Street, Chatswood landholdings and additional projects underway in Melbourne. The team recently completed its debut Melbourne apartment project, The Brookville in Toorak, showcasing their commitment to delivering high-quality, design-led communities.

In a region where no other nearby developments currently carry LDI, the move also creates a market differentiator

Joel Robinson

Sun Property Group approaches completion of Willoughby's first apartment development with 10-year Latent Defects Insurance

Renowned developer-builder DASCO has unveiled its much-anticipated new development in the heart of Epping.

The architectural brief for Turner Studio was to “create a community where residents are completely immersed in a paradise for the senses.”

The result is <a href="https://www.apartments.com.au/new-apartments/senso-epping-242-244-beecroft-road-epping-nsw-2121">Senso</a>, a series of buildings that have been oriented around an unrepeatable 10,000 sqm-plus site to create a facility-laden, landscape-first precinct, something of which Epping and its surrounds have not seen before.

There are 479 apartments available in a variety of floorplans across the five buildings, a mix of one-, two-, and three-bedroom apartments in addition to a curated penthouse collection.

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The apartments have been designed to appeal to the owner-occupier market, with generous floorplans, premium materials, and optional upgrades including integrated refrigeration, bespoke joinery, and motorised blinds.

<a href="https://www.apartments.com.au/developers/dasco-australia">DASCO</a>, who builds its own developments, is once again bringing peace of mind to its clients by taking the 10-year Latent Defects Insurance policy offered by Resilience Insurance, which protects buyers against any structural or waterproofing issues for 10 years post completion of the building. This insurance can only be taken out by the builder or developer and not by individual apartment owners.

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DASCO is known for creating more than just apartments — they create places where people connect. Senso will have over 4,000 sqm of resort-inspired communal amenity in the form of two rooftop pools, a celestial outdoor cinema, wellness club, sensory walk, and an observation deck, in addition to multiple BBQ and outdoor communal areas on multiple levels, intended to deliver a complete lifestyle offering within the residential environment.

There will be over 800 sqm of retail space on street level, which will likely be run as hospitality venues.

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Located adjacent to the new Epping Town Centre masterplan, and just a five-minute walk from Epping Metro Station, Senso offers seamless access to Macquarie Park, Chatswood and the Sydney CBD. Families who are interested in the large two- and three-bedroom apartments are within proximity to several regarded educational institutions including Macquarie University, James Ruse Agricultural High, and Cheltenham Girls School.

The project also leverages Epping’s growing dining and retail precinct, proximity to Macquarie Centre, and access to natural assets including Terrys Creek walking trails and Boronia Park.

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With a 33-year track record and over 7,000 dwellings delivered, DASCO continues to develop and build; a business model that enables integrated delivery and peace of mind, especially when Senso is backed by Latent Defects Insurance (LDI), providing 10 years of protection for buyers at no additional cost.

The launch of Senso Epping reinforces DASCO’s active pipeline of Sydney-based developments at a time when the market is increasingly focused on owner-occupier appeal, delivery confidence, and long-term quality.

DASCO is partnering on Senso Epping with leading Australian alternative asset management firm Metrics, which has more than $30 billion in assets under management.

[smartcode_project_cta:default project_id=134954]

DASCO reveals Senso, Epping’s first resort-style apartment development

Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="48611e3d-7123-4b99-b2cb-bfa4bc98024f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenities.png?VersionId=yKBexB.BgCkq4OET8fHDkWs0d3DjxOKJ" />

According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

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The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

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For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

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Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

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With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

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Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Iris Capital

Sam Arnaout's Iris Capital has received the nod from Gold Coast City Council to deliver its second Gold Coast project on the burgeoning Garfield Terrace beachfront.

Rising 38 levels and encompassing 51 apartments and a dual storey beach house, the project will be aptly named ‘71 on Garfield’ after its 71-73 Garfield Terrace positioning.

The announcement comes just days after the developer announced the start of construction on its debut Queensland project, the $1 billion V&amp;amp;A Broadbeach, which has been the epicentre of a $200 million buying blitz in the recent months since its launch.

Iris Capital has set its sights a stone’s throw north to Garfield Terrace where the DA approval has paved the way for the developer to deliver a generous collection of spacious half floor and full floor arrangements catering to the end user market.

Floorplans will range from three-bedroom half floor layouts, through to four-bedroom + study full floor apartments with their own private plunge pool. The tower will be crowned by an exclusive collection of dual storey five-bedroom sub penthouses and a triple storey penthouse complete with its own rooftop retreat.

<img alt="" data-entity-type="" data-entity-uuid="" height="2160" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/03_7.jpg" width="3840" />

Iris Capital CEO Sam Arnaout said they are&nbsp;big believers in the Gold Coast, having witnessed the success in sales so far at V&amp;A Broadbeach.

"We are looking forward to following this up with the delivery of another high- class project in what is emerging as a very exclusive precinct,” Arnaout said.

“We see long term positive fundamentals for the Gold Coast. It’s a very desirable place to live and migration is very strong, as such there is always going to be demand for residences that complement the lifestyle people flock to the Gold Coast for.”

Level 24 of the tower will be dedicated to a suite of residential amenities including a swimming pool overlooking the Pacific Ocean, a gym, sauna, and outdoor barbecue and dining area.

The ultra-exclusive beach house offering will ground the development and offer a spacious four bedrooms and two living areas spread over two storeys. It will also offer its own private pool and courtyard area.

DBI has once again joined forces with Iris Capital to conceive the tower design which it describes as a “balance between fashion, craft, elegance and luxury”.

Rising 38 levels and encompassing 51 apartments and a dual storey beach house, the project will be aptly named ‘71 on Garfield’ after its 71-73 Garfield Terrace positioning

Iris Capital secure Garfield Terrace apartment approval

Iris Capital’s transformation of central Broadbeach has moved a step closer with the Gold Coast Council giving development approval for its $800 million V&amp;A apartments on the site of the Niecon Plaza.

Iris Capital’s CEO Sam Arnaout said the decision&nbsp;would pave the way for an anticipated construction start later this year.

“We’re absolutely delighted that the Gold Coast Council has seen the vision of V&amp;A and how it will play an enormous role in transforming Broadbeach,” said Arnaout.

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“We were very eager to get the approval to meet our timelines for delivery and we’re now focussing our attention on sales and marketing with the view of a construction start later this year.”

Taking its name from Broadbeach streets, Victoria and Albert, the project will comprise 398 apartments over two towers of 40 and 56 storeys, with a subtropical recreational podium, featuring two levels of premium offices and commercial facilities, and a fresh food and dining retail on the street level.

Design firm, DBI Architects, has curated a design referencing the coastal environment, moving away from smaller unit types to embrace the growing demand for larger apartments.

“V&amp;A Broadbeach presented a unique opportunity to create a lasting icon for the coastal precinct that can be appreciated by more than just its residents,” said DBI Director Raith Anderson.

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The lower floors will offer a mix of one, two and three-bedroom layouts while the upper residences will offer a mix of three-bedrooms, with both towers topped by sub‐penthouses and penthouses.

“Its design is quintessentially Gold Coast, from its lavish double beach shower and surfboards storages to its cascading subtropical landscaped terraces, V&amp;A is a rare product for those in pursuit of a coastal destination with the lifestyle and cultural variety of a cosmopolitan locale,” Anderson said.&nbsp;

Residents will live among world‐class amenities, with both towers offering an elevated recreational podium with a 25-metre lap pool, a gym, a yoga deck and resident’s lounge as well as kid’s area, a Zen garden, an outdoor dining and barbecue space, all surrounded by lush green landscaping.

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Both towers will feature spacious top floor owners-lounges complete with dining, yoga room, and office space, finished with high end, coastal furnishings.

Colliers’ Director Residential David Higgins said the project had been well received by the market and the council approval removed any impediments on the project.

“There is a great air of excitement about what V&amp;A will do to transform central Broadbeach,” said Higgins.

“The council has recognised the significance and merits of V&amp;A, and also acknowledged the incredible role that the project will play in the city’s cosmopolitan heart.

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“Unlike many of the projects that have been launched in recent years, V&amp;A will bring an air of sophistication to the cosmopolitan heart and provide apartments from which people can walk to everything they need,” he added.

V&amp;A Broadbeach would create the first high end residential, retail and culinary precinct in central Broadbeach since the Oracle towers more than a decade ago.

“Currently Broadbeach has plentiful luxury full-floor and half-floor three-bedroom-plus apartments on the market, but very few offer a choice of one, two and three-bedroom apartments with access to leading luxury amenity”, said Higgins.

“Historically Broadbeach has had a very strong family market and V&amp;A will bring this market right back into the frame. We’ve introduced a mix of product right in the heart of Broadbeach that attracts the family buyer, luxury downsizer and investors looking for solid returns as the Gold Coast grows out of the Covid lockdowns.”

&nbsp;

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“The project scores a 10 out of 10 for walkability located in the heart of Broadbeach in walking distance to the light rail, the casino, convention centre, the restaurant precinct and the beach and will bring a new type of residential apartments to the market that we have not seen for some time,” he noted.

Iris Capital,&nbsp;founded and led by entrepreneur Sam Arnaout, has extended its reach over the past decade to become a developer of&nbsp;integrated residential and mixed-use developments.

The company now holds a $5 billion enterprise value, having significantly expanded its footprint over the past year through the acquisition of 17 Ibis hotels from AccorInvest.

&nbsp;

[smartcode_project_cta: project_id=107928]

Design firm DBI Architects has curated a design referencing the coastal environment, moving away from smaller unit types to embrace the growing demand for larger apartments.



alisonwarters@gmail.com

Iris Capital get green light for $800 million Victoria & Albert, Broadbeach apartment towers

The Sydney-based developer Iris Capital has lifted the wraps on what buyers can expect from its highly anticipated $800 million Victoria &amp;&nbsp;Albert Broadbeach (V&amp;A Broadbeach) development, revealing that Broadbeach is set for a new era of relaxed sophistication with the landmark project.

V&amp;A Broadbeach, designed by award-winning Gold Coast architects DBI, brings together two individually designed towers of 56 and 40 storeys, created to complement the lifestyle and convenience of its location in the heart of Gold Coast’s cosmopolitan coastal suburb.

The project builds on the reputation of Iris Capital, led by leading Hotelier Sam Arnaout, for creating high quality integrated residential and mixed-use developments.

The east and west towers of V&amp;A Broadbeach will rise on the current site of Niecon Plaza and stretch across an entire city block from the Broadbeach Mall at Victoria Avenue to Albert Street, bringing to the market 399 apartments, extensive high-end retail and commercial offices.

&nbsp;

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The east tower, named Albert, will be dedicated exclusively for owner-occupiers and offer prime ocean views. The west tower, Victoria,&nbsp;will provide an opportunity for those looking for a holiday home and investors to gain a foothold in the most significant development in central Broadbeach since the Oracle more than a decade ago.

Each tower will boast its own premium lobby entry and the mixed-used project will be complemented by two levels of premium offices and commercial facilities and a retail arcade, in line with the existing uses of the site.

V&amp;A Broadbeach will become the new home of high-end retail on the Gold Coast with the ground floor offering elevated ceiling heights for the luxe retail experience. The twin towers will share a subtropical recreational podium on level four, giving access for all residents to world-class amenities such as a 25-metre lap pool, a fully equipped gym, a yoga deck and a resident’s lounge. The podium will also feature a children’s area, a Zen garden, and an outdoor dining and barbecue area adorned with lush green landscape.

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Amenities in the east tower are taken to the next level with an exclusive boutique residents’ lounge and the lavish double beach shower and surfboards storages to complement the iconic beach lifestyle at Broadbeach.

V&amp;A Broadbeach offers a mix of apartments in one, two and three-bedroom configurations, while upper residences will be available in three and four-bedroom styles. Both the east and west towers will be topped by two exclusive penthouses each.

“The apartments will be located from the fifth level on both of these towers, which greatly enhances view corridors on the lower-level apartments,” DBI director Raith Anderson said.

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“While there is a diversity of apartments in our design, V&amp;A Broadbeach firmly embraces the principle of creating larger residences to deliver lifestyle amenities for residents.”

The use of full-height windows and operable panels across all the living areas maximise the ocean views and bring natural lighting to the residences.

“While this development is notably within walking distance of all that Broadbeach has to offer, from the iconic beach to acclaimed restaurants and entertainment facilities, the larger residences and ancillary resident facilities create the ultimate in residential amenity,” said Colliers’ Director Residential David Higgins.

“Everything is at your fingertips if you choose, or you can remain at home to enjoy the benefits of supreme privacy, a beautiful outlook and unparalleled amenities.”

While the Gold Coast apartment market is currently dominated by local downsizers, Higgins said V&amp;A Broadbeach also held considerable appeal for interstate buyers and investors.

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“The mature buyer has been the big demographic shift on the Gold Coast, moving to owner occupiers seeking larger, well-appointed apartments in village locations close to the beach, transport and lifestyle amenity and this sums up the positioning of V&amp;amp;A Broadbeach in the current market,” he said.

“V&amp;A has been designed and orientated for the aspirational Broadbeach family buyers from Brisbane, Sydney and Melbourne, although there is strong interest from owners within the older existing Broadbeach apartment buildings where they predominantly holiday rent their properties.

“The west tower provides these buyers with many options, including the opportunity for strong holiday rental market income and personal use during major holiday periods for them and their families.”

The central Broadbeach location puts V&amp;A Broadbeach within walking distance of the beach, restaurants, Pacific Fair, The Star Casino, Kurrawa Surf Club and&nbsp;kids’ play areas in the adjacent parkland.

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The project builds on the reputation of Iris Capital, led by leading Hotelier Sam Arnaout, for creating high quality integrated residential and mixed-use developments

Inside the Victoria & Albert, Broadbeach apartment towers

Sydney-based developer Iris Capital saw strong sales results across their projects last year, with new Broadbeach development Victoria &amp; Albert outperforming 2020 results.

V&amp;A, an $800 million residential and commercial precinct, is expected to transform the heart of Broadbeach and create a vibrant new destination for the Gold Coast.

Designed for the coastal environment, V&amp;A will comprise a mix of one, two and three-bedroom apartments on the lower levels, while the upper residences will offer a mix of three-bedroom apartments, with both towers topped by sub‐penthouses and penthouses.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/yUXurXUgRSY" title="YouTube video player" width="560"></iframe>

David Higgins of Colliers International Gold Coast said the development is an exciting breakthrough for Broadbeach, thanks to the complexity of lifestyle and amenity on offer.

&ldquo;It is a pretty exciting milestone for the Gold Coast and, more especially, for Broadbeach because Broadbeach is really one of the most heavily developed lifestyle precincts&rdquo;, he said.

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&ldquo;The walkability of this location in the centre of Broadbeach, you can&#39;t replace.&rdquo;

Straddling both streets and the mall, the site ties Victoria Avenue and Albert Avenue together, whilst bringing the history of Broadbeach into the project with its name.

The largest tower to the west is Victoria, the &ldquo;crowning glory&rdquo;, while the smaller tower to the east is Albert.

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The two towers, designed by DBI Architects over a subtropical recreational podium, will home over 400 apartments, two levels of premium offices and commercial facilities and fresh food and dining retail on the street level.

The project boasts over 5,500sqm of dining, retail and A-grade commercial, adding to the strong hospitality offerings already available within the suburb.

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&ldquo;When we put a new arcade, new retail and dining, fresh food with some A-grade commercial, [V&amp;A] will be a very unique, new entrant into the Gold Coast lifestyle market&rdquo;, said Higgins.

In the six months to June 2021, the development team saw apartment sales 20 per cent ahead of the result for the entire year of 2020.

&ldquo;We expect next year to be as good, if not better&rdquo;, Higgins added.

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Iris Capital&rsquo;s decision to transform Newcastle and head north to Queensland was a very strong move, based upon the knowledge of the Gold Coast of Iris Capital chief executive, Sam Arnaout.

&ldquo;He saw the trends and he liked what he saw in Southeast Queensland&rdquo;, Higgins said in his interview with MediaHunt.

&ldquo;Obviously, last year [Queensland] had the best interstate migration [they] have had for 13 years, over 30,000 people, and we expect the next year to be better again.&rdquo;

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V&A, an $800 million residential and commercial precinct, is expected to transform the heart of Broadbeach and create a vibrant new destination for the Gold Coast

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Iris Capital see strong demand in Broadbeach at V&A following their move into the Queensland market

Victoria &amp; Albert is a landmark mixed-use development featuring two residential towers, Victoria Residences and Albert Residences

Colliers&rsquo; director residential David Higgins says the&nbsp;development is the first major apartment project in Broadbeach for the last five years.

A very strong family market, Broadbeach is back in the frame with this new oceanside precinct offering one, two, three and four-bedroom apartments with private amenities.

Urban has taken a look in detail at V&amp;A, and what buyers will like about the project.

1. Strong development team

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Developed by Iris Capital, with apartments designed by DBI Design, Victoria &amp; Albert residences are being delivered by a strong development team.

Founded and led by entrepreneur Sam Arnaout, Iris Capital now boasts more than&nbsp;$3.5 billion in enterprise value, significantly expanding over the past year after the acquisition of 17 Ibis hotels from AccorInvest.

The Sydney-headquartered development giant is behind the large-scale East End development in Newcastle, as well as other projects including Bondi&rsquo;s Grand and Potts Point&rsquo;s new Queensgate development.

&ldquo;We are no stranger to large scale projects and have built a reputation on our ability to deliver transformative developments that add remarkable value to their broader community,&rdquo;&nbsp;Arnaout said.

2. Broadbeach&rsquo;s most walkable new development

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&ldquo;V&amp;A is arguably the Gold Coast&rsquo;s most walkable new address&rdquo;, Arnaout said.

Located in the heart of Broadbeach, the project scores a 10 out of 10 for walkability, thanks to its close proximity to the light rail, casino and restaurant precinct.

Residents&rsquo; daily needs are just moments from their door, with Oasis Shopping Centre, which contains a Woolworths and other specialty retailers, only a two-minute walk from the residence.

Just four minutes&rsquo; drive away is the expansive surrounds of Pacific Fair, while Gold Coast airport is only half an hour away.

3. Resort-style living

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Both Victoria Residences and Albert Residences offer an elevated recreational podium that connects the two, featuring a 25-metre lap pool, gym, yoga deck and residents&rsquo; lounge.

Indoor and outdoor amenities are surrounded by lush, subtropical landscaping, including a zen garden and outdoor dining spaces in this sprawling beachside day club area.

Both towers also feature&nbsp;top-floor residents-only lounges, complete with dining, yoga room, offices and views across the Gold Coast skyline.

Hosting private functions are a breeze with two private dining rooms, each boasting an adjoining kitchen, one galley-style, along with a private wine cellar.

4. Ground-floor retail and dining

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A vibrant new retail arcade is on offer at the world-class Broadbeach address, with Victoria &amp; Albert boasting the first high-end residential, retail and culinary precinct in central Broadbeach since the Oracle towers more than a decade ago.

&ldquo;Just an elevator ride away, take a leisurely stroll and you&rsquo;ll be sure to find new restaurants and bars to sample, no matter which route you take&rdquo;, the project marketing reads.

The precinct boasts over 50 restaurants and cafés within 300 metres of its front door.

5. Ideal location

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Surrounded by beautiful natural landscapes, Victoria &amp; Albert invites outdoor leisure and recreation all year round.

Combined with a subtropical climate, it forms a breathtaking locale that residents will find a hard time abandoning.

Along the coastline, residents can enjoy a bike ride past Kurrawa and Mermaid Beaches, or a walk on the beach from the Spit.

Other neighbourhood recreational amenities include Burleigh Head National Park, Currumbin Wildlife Sanctuary and, for golf lovers, both the Southport and Burleigh Golf Clubs.

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Colliers’ director residential David Higgins says the development is the first major apartment project in Broadbeach for the last five years

Five things we love about the landmark Broadbeach precinct, Victoria & Albert

The demand for apartments at&nbsp;Iris Capital&rsquo;s $350 million Queensgate project in Potts Point has continued, with nearly half of the apartments accounted for following its launch just one month ago.

There were a further&nbsp;$20 million in sales during Sydney&rsquo;s traditionally quiet holiday period, taking the total sales tally to over $121 million.

Not often do interstate buyers head to Sydney, with the trend often the other way around, but the latest buying spree saw&nbsp;high-net-worth individuals from Brisbane and the Gold Coast secure apartments.

[smartcode_project:default project_id=5570 project_image_fid=180676]

Among the recent sales was a one-bedroom apartment without a carpark for $2.2 million, while two-bedroom apartments have sold for between $4 million and $6 million.

Queensgate&nbsp;will deliver a collection of five buildings; Sovereign, Regent, Monarch, Consort and Empress, all featuring individual designs and their own lobby. Exclusivity is maintained throughout with no more than 10 apartments in each structure, with just 48 in total.

Iris Capital&rsquo;s vision for the 18-32 Darlinghurst Road site, which will see the historic fa&ccedil;ade of The Bourbon Hotel retained, has been described as an architectural reawakening for Potts Point.

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&ldquo;Local buyers were among the first to take a foothold after the official launch, but now we&rsquo;re seeing buyers from all over Australia converging on Queensgate, with many from Brisbane and the Gold Coast snapping up apartments during the holiday period,&rdquo; Iris Capital CEO Sam Arnaout said.

&ldquo;Queensgate undoubtedly represents a strategic acquisition for many buyers looking to secure a position in this dynamic urban precinct.&rdquo;

Total sales to date now account for 23 of the 48 apartments available at Queensgate, which offers one, two and three-bedroom layouts.

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Each of the five buildings within the development has its own penthouse, some with a private rooftop swimming pool. One of the penthouses has already sold for $16 million.

Queensgate will further enhance the existing Potts Point dining and entertainment scene with its own collection of bars, restaurants, bakeries and cafes along the ground floor.

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Total sales at Queensgate have now surpassed $121 million, just a month since the project’s release.

Iris Capital's Queensgate, Potts Point apartment development, approaches 50% sold

The hotly anticipated development of Garfield Terrace is heading in to 2022, with further plans submitted to the Gold Coast City Council for a luxury apartment tower.

Following the submission by the&nbsp;Sydney-based Weiya Holdings, <a href="/news/qld/first-look-weiya-holdings-submit-38-level-garfield-terrace-surfers-paradise-beachfront-apartments">who plan to develop&nbsp;Aalto</a>, a 64 apartment block&nbsp;at 75-79 Garfield, the fellow Sydney-based developer, Iris Capital, has lodged plans for their next development which sits&nbsp;next door.

The project, 71&nbsp;on Garfield, named after its prime location at 71-73 Garfield Terrace which Iris secured earlier this year, will have 51 apartments across the 38-level tower, as well as&nbsp;a two level beach house.

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217">To be the first to be notified when 71 on Garfield is nearing launch, enquire here.</a>

DBI, who handled Iris Capital's recently launched Victoria &amp; Albert in Broadbeach, their first foray in to the Gold Coast apartment market, put together the plans for&nbsp;71 on Garfield.

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217"><img alt="" data-entity-type="" data-entity-uuid="" height="829" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/iris_garfield_2.jpg" width="1200" /></a> 
The proposed tower&nbsp;of 71 on Garfield. Image credit: DBI Architecture

"Iris Capital is set to deliver a new breed of building, combining subtropical principles, fashion inspired design and a sky living experience," DBI's design statement read.

"71 on Garfield is designed exclusively for the coastal environment, moving away from smaller unit types and white upstands to embrace the increasing demand for large apartments and a new level of coastal sophistication."

Another aimed at the high end holiday maker or owner-occupier, the smallest apartments on offer will have three bedrooms and span half a floor, oriented to have ocean-facing balconies.

They run over half way up the tower, before hitting the resident&nbsp;facilities on level 24 where there will be a swimming pool and pool deck, a gym with a sauna, and an outdoor barbecue and dining area.

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217"><img alt="" data-entity-type="" data-entity-uuid="" height="971" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/iris_garfield_1.jpg" width="1200" /></a> 
The curved tower&nbsp;of 71 on Garfield. Image credit: DBI Architecture

Up to level 33 will be the full-floor, four bedroom apartments, each with a study and private plunge pool on the balcony.

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217">To be the first to be notified when 71 on Garfield is nearing launch, enquire here.</a>

The most impressive apartments are right on the top of the tower.

The five-bedroom subpenthouse spans two levels and has a larger plunge pool on the lower level balcony, an upstairs ocean-facing master retreat with a private balcony, study, two walk in wardrobes, and an ensuite. Each&nbsp;of the five bedrooms have walk in robes and ensuites.

Crowning the tower is a three-level penthouse, with the same floorplate as the subpenthouse, but with the addition of the rooftop, where a room, pitched as being suitable as a gym, lounge, or games room (complete with a sauna), opens to the outdoor area where there's a swimming pool and outdoor kitchen.

The beach house starts from the ground level and has four bedrooms and two living areas across its two levels. There's a pool that opens from the ground floor living space.

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217"><img alt="" data-entity-type="" data-entity-uuid="" height="695" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/iris_garfield_3.jpg" width="1200" /></a> 
The outdoors of the two-level beach house. Image credit: DBI Architecture

DBI said that narrow&nbsp;sites are challenging, which makes quality urban design principles&nbsp;more important than ever.

"Reclaiming direct visual connection between the street and the beach and enhancing permeability is essential," the team noted.

"The aesthetic reveals the balance between fashion, craft, elegance and luxury. Soft edges and elegant curves help to soften the built form and create a distinctive ‘welcoming’ identity, at a macro scale to the city skyline and a micro scale at the pedestrian level.

"The timeless design and lines of the towers are highlighted by the metallic textured and crafted sculptural spine of the building dialogue with the elegance and simplicity of the glass volume.

"The materiality relates to a ‘decadent’, yet sophisticated, fashion icon and beach lifestyle."

<a href="/new-apartments/71-garfield-surfers-paradise-71-garfield-terrace-surfers-paradise-qld-4217">To be the first to be notified when 71 on Garfield is nearing launch, enquire here.</a>

There development of Garfield Terrace is expected to continue in to the new year, with the Brisbane-based Siera primed to create a boutique tower. KTQ are also set to reveal what they intend to do with their huge amalgamated beachfront site.&nbsp;

The project, 71 on Garfield, named after its prime location at 71-73 Garfield Terrace which Iris secured earlier this year, will have 51 apartments

First look: Iris Capital lodge Surfers Paradise apartment plans for 71 on Garfield

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East End Newcastle's developer Iris Capital has pushed through with significant changes to the sprawling development that will eventually account for multiple city blocks.

Chief among the planning manoeuvres was the lodgement of Stage Two with Newcastle City Council during May. Under its East End Stage 2 Pty Ltd subsidiary, Iris Capital intends to realise 129 apartments, retail and commercial spaces within the $50 million development application.

CKDS Architecture has conceived the most recent stage, working with fellow design practice SJB in the process.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image30_15.jpg" rel="gallery-all" title="CKDS Architecture's intended Newcastle addition"><img alt="" class="image-article-full-width-580px" height="344" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image30_15.jpg?itok=p11pi8iZ" title="CKDS Architecture's intended Newcastle addition" width="580"></a>

<figcaption>CKDS Architecture's intended Newcastle addition</figcaption></figure>Stage Two's built form encompasses 13,695 square metres and includes as many as nine retail tenancies spanning 1,500 square metres. Apartments and retails spaces aside, Stage Two also features a green internal courtyard and north-south laneway that divides the built form into two separate volumes.

CKDS Architecture's take on Stage Two reads as follows:

<blockquote>
The proposed Newcastle East End Stage 2 development carefully navigates the varied conditions of the site through sensitive additions above and between existing heritage buildings.

Together with the reinstatement and upgrade of the finer grain buildings that define the King Street frontage, the proposal considers the historical layering as well as the future aspiration of the East End redevelopment. Multiple design massing options were considered to arrive at the most appropriate built form.

The final proposal combines the site topography, future character as well as the retention of existing buildings. Existing buildings deemed significant are to be restored, celebrated and maintained; ensuring the heritage layering across the site is preserved.
</blockquote>

Meanwhile in unison with Stage Two's lodgement, Iris Capital has also lodged a Modification Application for the overall development which is bound by Hunter, King, Perkins and Newcomen Streets.

A modest increase in overall gross floor area would see 63,116 square metres delivered in total, whilst a reduction in commercial and corresponding increase in retail spaces are also on the agenda. The bulk of the additional floor area has been directed toward Stage Two.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image31_11.jpg" rel="gallery-all" title="SJB's staged concept proposal for the development"><img alt="" class="image-article-full-width-580px" height="261" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image31_11.jpg?itok=cufKM8H3" title="SJB's staged concept proposal for the development" width="580"></a>

<figcaption>SJB's staged concept proposal for the overall development</figcaption></figure>Iris Capital's move on Stage Two follows on from East End Newcastle's initial apartment release which occurred in the last quarter of 2017.

Stage One of four consisted of 155 apartments on a site bound by Hunter, Wolfe, King and Perkins Streets; it is the largest of the four development parcels. The initial stage consisted of apartments only, with its construction expected to be complete by mid-2020.

The overall project value is slated at $750 million and upon completion will include substantial retail offerings plus multiple publicly accessible spaces throughout the precinct.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/r0_1162_5000_3987_w1200_h678_fmax.jpg" rel="gallery-all" title="Iris Capital's released first stage of East End Newcastle"><img alt="" class="image-article-full-width-580px" height="328" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/r0_1162_5000_3987_w1200_h678_fmax.jpg?itok=W_i-ai8S" title="Iris Capital's released first stage of East End Newcastle" width="580"></a>

<figcaption>Iris Capital's released first stage of East End Newcastle</figcaption></figure>
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silvermb

Iris Land pushes on with Stage Two of East End Newcastle

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Iris Capital only sold 17 of 39 apartments at its new $70 million development Grand Bondi Junction in Sydney's east.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/21/700_iris3.jpg" alt="" style="font-size: 12.16px;">
The most popular apartments sold were two-bedroom units.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/21/700_iris6.jpg" alt="">
The highest priced apartment was $2.5 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/21/700_iris4.jpg" alt="">
Iris Capital launched their $70 million residential development claiming "impressive market demand" - although it continued the recent downturn in the initial Saturday sales tally to around 50 percent rather than the 100 percent sellouts in the off the plan sales heyday.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/21/700_iris5.jpg" alt="">
The development attracted strong interest from local owner occupiers purchasers from around the Eastern Suburbs area, CBRE agent Ben Stewart noted, adding Grand was destined to become a timeless residence in Bondi Junction.
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