For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

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

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

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

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

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Luxury

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Sydney’s latest harbourfront development, Kurraba Residences, saw 70 per cent of the project sold on launch last weekend.  

16 apartments within the 24-resident collection sold, with another five buyers currently in negotiations.  

Developed by Thirdi group and Phoenix Property Investors, the $170 million development at <a href="/buildings/147-153-kurraba-road-kurraba-point">147 Kurraba Road</a> offers two and three-bedroom luxury harbourfront residences.  

Located on the headland of Kurraba Point, the residences offer 180-degree views of the harbour, including Sydney Opera House and the Botanical Gardens.  

<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/kurraba_apt_dev_interior1_1200x550_1200x550.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="266" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kurraba_apt_dev_interior1_1200x550_1200x550.jpg?itok=7-umNVC1" width="580"></a>

Designed by SJB Architects and Mathieson Architects, the building pays homage to the classic 1920s apartment buildings of the area. 

Its other features include outdoor balconies, a pool, semi-circular windows, and curved brickwork.  

<img alt="" height="525" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kurraba.jpg" width="1000">

According to CBRE’s Ben Stewart, who is marketing the listing, almost all buyers were owner-occupiers, and included a range of demographics from young professionals to downsizers.  

“We believe Kurraba Residences will continue to appreciate in value while under construction, as seen with other landmark Sydney Harbour developments such as Opera Residences”, he said.  

Opera Residences has seen recent re-sales increasing 20 per cent on the purchase price over the construction period.  

“This a great outcome for early buyers because their property will now be in more demand from those who waited until completion”, Stewart said.  

The Kurraba project is expected to reach completion in late 2022.  

<h2>Sydney properties selling now:</h2>

[smartcode_project:default project_id=94611]

[smartcode_project:default project_id=29139]

[smartcode_project:default project_id=7758]
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urban.com.au

Kurraba Residences launch sells $90 million on Sydney’s harbour 

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<a href="/buildings/31-broadbeach-boulevard-broadbeach">31 Broadbeach</a> offers a limited opportunity to own one of the remaining breathtaking luxury apartments at 31 Broadbeach. Featuring a distinctive expensive coastal beachfront address, large flexible living, working from home office space, these apartments boast some of the highest quality architecturally-perfected properties on the Gold Coast with ample storage, exceptional modern design and exclusive residents access to a stunning rooftop lap pool with sweeping panoramic views and easy access to the beach and community facilities.

We caught up with Optimus Developments CEO, Alex Windsor, to learn about the recently completed development.

<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/screen_shot_2020-09-22_at_4.10.52_pm.png" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="774" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-09-22_at_4.10.52_pm.png?itok=YZmZxVgz" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>Urban.com.au: Which aspects of 31 Broadbeach Residences are you most proud of and why?

Alex Windsor: 31 Broadbeach Residences have set a precedent for luxury development on the Gold Coast in Broadbeach, by providing:

<ul>
<li>Just 22 apartments</li>
	<li>Large single floor apartments with:
	<ul>
<li>private lift access</li>
		<li>natural limestone and veneer finishing throughout</li>
		<li>butler’s pantries</li>
		<li>high-end appliances</li>
		<li>exclusive office spaces within the apartments allowing a flexible working and living environment</li>
		<li>a building set forward from its adjoining owners</li>
		<li>a high-end quality luxury finish</li>
		<li>access to a rooftop pool</li>
		<li>windows positioned to take full advantage of the outstanding views</li>
		<li>a fantastic location providing immediate beach access and surf break</li>
	</ul>
</li>
</ul>
The building is also unique in its design and sets itself apart from its predecessors by its striking off form stained concrete façade and iconic building crown.

<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/31-broadbeach-blvd-broadbeach-3.jpg" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/31-broadbeach-blvd-broadbeach-3.jpg?itok=RQlILAfm" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>U: If a buyer was deciding between 31 Broadbeach Residences and a similar residential development in the area, what do you think makes 31 Broadbeach Residences unique and the favourable option? 

AW: Most other apartments on offer are uncompleted, one of many, of lessor design and quality, do not have such great beach access and unimpeded views. There will also not be many completed apartment projects available on the market due to COVID.

<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/31-broadbeach-blvd-broadbeach-4.jpg" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/31-broadbeach-blvd-broadbeach-4.jpg?itok=dUau6ETb" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>U: In your opinion, what are some of the best amenities on-site or nearby?

AW: The beach even has a surf break directly in front of 31 Broadbeach and surfboard racks are provided in the common area. The development is also within walking distance to the surf club, shops, cafes, supermarkets and more.

<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/31-broadbeach-blvd-broadbeach-8.jpg" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/31-broadbeach-blvd-broadbeach-8.jpg?itok=RFmdncgS" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>U: What was the inspiration behind the design of the development?

AW: To set a new standard of boutique luxury development on the Gold Coast and a building with a fresh modern facade. 

<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/31-broadbeach-blvd-broadbeach-9.jpg" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/31-broadbeach-blvd-broadbeach-9.jpg?itok=TETExJ_U" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>U: If you had to use only five words to describe 31BB Residences, what would they be? 

AW: New standard of boutique luxury development

<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/31-broadbeach-blvd-broadbeach-12.jpg" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/31-broadbeach-blvd-broadbeach-12.jpg?itok=mkg38v3D" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>To learn more about 31 Broadbeach, check out the <a href="/buildings/31-broadbeach-boulevard-broadbeach">Urban listing here</a>.
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Gold Coast apartment of the week: 31 Broadbeach Residences, Broadbeach

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If you’re looking to buy an apartment in Australia, property economist Anna Porter explains <a href="https://au.finance.yahoo.com/news/state-easiest-buy-property-act-011522751">Canberra could be your best bet</a>.

According to Porter, the Australian state outranks the rest of the country based on agents’ attitude, costs associated with the purchase, buyer competition and the ease of undertaking due diligence.

<blockquote>
“[In Canberra,] Agents treat buyers with a huge amount of respect, they allow them time to do their due diligence without undue pressure and they encourage them to work with solicitors straight away.”
</blockquote>

- Anna Porter, Property Economist

Australian Capital Territory is the only state which ensures the vendor must provide pest and building reports in the contract of sale, and has the country’s second-lowest stamp duty costs, which both work in the favour of the buyer.

Given the lower entry-level price points, buyers can secure a luxury apartment for a fraction of the cost of a high-end or penthouse apartment in Sydney or Melbourne. Canberra’s vast natural landscape also means many apartments will overlook spectacular mountain or water views.

If you’re considering purchasing property in Canberra, here are 5 of the state’s most exquisite luxury developments on the market right now.

<h2>1. ENVIE, BRADDON </h2>

New York-style luxury living

Developer: Geocon

61 Cooyong Street

<figure><img alt="" class="image-article_full_width_580px" height="318" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/envie1.gif?itok=VIJJVMX0" title="New York-style luxury living" width="580">

<figcaption>New York-style luxury living</figcaption></figure>Envie offers a multitude of elegant, relaxing spaces for residents to entertain guests. From a shared chef’s kitchen and on-site concierge to the private rooftop spa and relaxation room, Envie caters to those who seek respite from their busy urban lifestyle and upgraded living. Atop the residential tower is a viewing terrace for residents to enjoy the stunning views across Canberra.

A selection of one, two and three-bedroom apartments are selling now.  

<hr>
<h2>2. SAPPHIRE KINGSTON, KINGSTON </h2>

Canberra’s most exquisite views

Developer: Keggins

Architect: Elenberg Fraser

5/2 Trevillian Quay

<figure><img alt="" class="image-article_full_width_580px" height="204" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/sapphire1.gif?itok=aFu04n9k" width="580"></figure>Sapphire Kingston enjoys one of Canberra’s most exquisite natural landscapes, with each apartment boasting panoramic views overlooking the Molonglo River. Residents will enjoy the use of premium Miele appliances, ducted heating and cooling for perfect temperature control year-round, and the finest quality oak timber flooring. The Elenberg Fraser-designed Sapphire Kingston also features spacious landscaped communal gardens and parklands which include built-in barbeques.

Sapphire Kingston is currently 80% sold and has recently launched its final release of three and four-bedroom apartments.

<hr>
<h2>3. <a href="/new-apartments/belconnen-act-2617">REPUBLIC</a>, BELCONNEN</h2>

At the doorstep of some of Canberra's most extensive networks of bicycle and jogging paths

Developer: Geocon

1 Edmonstone Place

<figure><a href="/new-apartments/belconnen-act-2617"><img alt="" class="image-article_full_width_580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/republic1.gif?itok=HGVHOizw" width="580"></a></figure>Republic overlooks the tranquil waters of Lake Ginninderra and is situated amongst one of Canberra’s most extensive networks of bicycle and jogging paths, giving residents the ultimate lifestyle of recreation and relaxation. Republic residents will also have direct access to the newly developed ground-floor Urban plaza, which features a Neapolitan pizza restaurant, Woolworths supermarket, BWS, Abode Hotel and more.

For buyers looking for an established community feel, Republic offers an idyllic modern lifestyle nestled amongst existing infrastructure including libraries, the Belconnen Arts Centre, Westfield Belconnen and the University of Canberra.

One, two and three-bedroom apartments are selling now, with a selection of interior colour schemes for buyers to choose from.

<hr>
<h2>4. ESTATE, FORREST </h2>

A wine connoisseur’s paradise 

Developer: <a href="/developers/addval-developments">Addval Developments</a>

Architect: <a href="/architects/collins-caddaye-architects">Collins Caddaye</a>

1 Hobart Avenue

<figure><img alt="" class="image-article_full_width_580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/estate1.gif?itok=jL3b690V" width="580"></figure><figure><img alt="" class="image-article_full_width_580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/estate2.gif?itok=iT5XYvzM" width="580"></figure> 

Estate Forrest brings a unique offering to market, enticing vino-lovers across the country by recreating a luxurious winery experience. On-site cellars and a bespoke selection of the country’s finest wines have been curated by celebrity wine connoisseur Tyson Stelzer. Estate is situated in the heart of one of Canberra’s most affluent suburbs and is surrounded by rich heritage and magnificent landscapes.

Estate has been designed by award-winning architect Collins Caddaye, with each home boasting state-of-the-art appliances, spacious living areas and penthouse-quality features throughout.

<blockquote>
“The day that we acquired the site, we made the decision that we wanted every unit, regardless of how many bedrooms or how big it is, to be finished like a penthouse.”
</blockquote>

- Michelle Dzakula, General Manager Addval

A selection of 1, 2, 3 and 4 bedroom apartments are selling now.

<hr>
<h2>5. RUBY, GUNGAHLIN </h2>

Year-round resort-style living

Developer: <a href="/developers/pod-projects-group">Pod Projects Group</a>

Architect: <a href="/architects/stewart-architecture">Stewart Architects</a>

32/8 Gribble Street

<figure><img alt="" class="image-article_full_width_580px" height="264" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/ruby1.gif?itok=V2lb0Z4a" width="580"></figure>Ruby apartments in Gungahlin embrace resort-style living with a luxurious open-air 20-metre pool overlooking the Brindabella mountains. Residents can also enjoy the use of the alfresco barbeque and pizza oven for summer dining amongst the luscious, landscaped garden terraces. The development also features a fully-equipped gymnasium overlooking the mountainous landscape, and outdoor lounge areas for the ultimate rest and relaxation. The apartments include house-sized kitchens which are perfect for entertaining and beautiful timber flooring throughout.
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Olivia Round

Urban's top 5 luxury developments in Canberra

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Ray White Marine, the largest full service marine brokerage in Australasia, has established a new office within the Royce-Rolls Motor Cars Showroom in Richmond.
CEO and founder Rick Rodwell said the business already had many existing luxury yacht clients in Melbourne, which was home to the highest number of megayacht owners (above 40m) in Australia, so the initiative will also provide local support for both these new and pre-owned brokerage vessel owners.
“Ray White Marine’s Melbourne office will provide the Victorian market with the first sales and service presence of a leading global euro luxury motor yacht brand as the exclusive Australian and New Zealand distributor for Ferretti Yachts, Pershing, and the iconic Riva marque. Other brands in the Ferretti Group include semi displacement and planing yachts from Custom Line, and the full custom superyacht from 45m to 90m built by the CRN shipyard,” Mr Rodwell said.
Ray White Marine is also appointed the Australian and New Zealand distributor for Technohull high performance bespoke RIBS.
The move will also expand the marine auction program to conduct events locally for buyers and sellers alike in consort with the more than 90 local offices in the Ray White real estate network in Victoria.
“Connoisseurs of high end luxury motor cars tend to be interested in luxury yachts, and vice versa, so it makes sense to form an association of this nature,” said Zagame Automotive founder and managing director, Bobby Zagame.
The Ferretti Group has announced the launch of the Riva 50m Megayacht hull #1.
Ray White Marine officially opens in Melbourne this May 15 from 6pm on Level one of the Rolls-Royce Motor Cars showroom, 420 Swan St, Richmond.
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j.ballantyne1990-6AQqhLzZaK

Ray White Marine opens it's doors in Melbourne

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<div>
Allianz plans to boost its real estate investment in China, announcing the launch of a $US750 million ($992 million) fund that targets malls in major cities.
The German insurer and asset manager expects outlet shopping in China will continue to grow despite threats from online stores and a slowing economy.
Allianz Real Estate, Allianz's $63.5 billion property investment arm, launched the China-focused fund in partnership with investor TH Real Estate earlier this month.
Allianz will be the anchor investor owning 30 percent of the fund.
"China will become one of the top markets for us in Asia," Rushabh Desai, Asia-Pacific CEO of Allianz Real Estate, told Reuters.
</div>
<div>He expects to grow Allianz's real estate portfolio in China to more than €1 billion ($1.18 billion) over the next 12 months, from about €760 million by the end of this year.</div>
<div> </div>
<div>Last year, the number was €100-150 million.</div>
<div>
"Even if there is a slowdown, China still has 5-6 per cent annual GDP growth, right? In my mind, 5-6 per cent growth is still one of the best growth in the world," Desai said.
He also sees limited threat from China's booming online shopping, saying people don't buy Prada bags via the internet.
</div>
<div>"People are not buying branded products online; people are buying day-to-day stuff online from Alibaba."</div>
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The Chinese don't buy Prada bags via the internet: Allianz Real Estate boss

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A real estate salesman allegedly convinced Brisbane entrepreneur Carmelo Caltabianoa that the Soul, Surfers Paradise luxury penthouse apartment was worth $16.85 million because a similar nearby apartment sold for $20 million.
The buyer believed him but didn't check the salesman's claims, the Brisbane Supreme Court heard this week.
But the $20 million apartment had not sold at that price in the Jade complex.
The discussion is central to the long-awaited legal dispute between entrepreneur Carmelo Caltabiano and development company Juniper Property Holdings over the sale of a Gold Coast penthouse.
Juniper is suing Carmelo Caltabiano for allegedly breaching the sales contract for the four-level apartment.
He said he trusted the company because he had previously purchased property on the Sunshine Coast from Juniper.
Caltabiano was at the Gold Coast having a drink in April 2006 when he saw a display for Soul apartments.
He spoke to the salesman and noticed the penthouse was priced at $16.85 million.
He bought after the salesman phoned him later saying a penthouse apartment in <a href="/news/qld/jade-penthouse-on-the-gold-coast-sold-by-mortgagee-for-a-third-of-dashed-boomtime-hopes">another building had sold for $20 million</a> and another apartment, which was about half the size of his intended purchase, sold for about $7.8 million.
The penthouse atop the Soul Surfers Paradise tower on the Gold Coast sold for $7 million<a href="/news/soul-surfers-paradise-penthouse-auction-results-in-7-million-sale-to-tony-fung"> at McGrath auction in March this year to businessman Tony Fung</a>. 
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