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

Joel Robinson

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

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

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

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

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

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

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

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

[smartcode_project:default project_id=134477 project_image_fid=374401]

Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

[smartcode_project:default project_id=134477 project_image_fid=374402]

Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

[smartcode_project_cta:default project_id=134477]

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

Melbourne apartments

Provenance, the boutique Camberwell apartment project by developer Beulah, is set&nbsp;to be completed by next month.

Apartments still remain at the three-level Toorak Road development of just 12 residences. Buyers now have the opportunity to view a completed apartment in the $30 million project.

The ground floor garden apartment has three bedrooms and two bathrooms, and has been designed to take in the garden through floor-to-ceiling windows and doors.

Provenance has been designed by award-winning architecture and interior design firm Elenberg Fraser.

[smartcode_project:default project_id=9099 project_image_fid=48598]

The light-scheme apartment features natural stone splashbacks, rich timber flooring with smokey brown hues and loop pile wool carpet, further complemented by large format porcelain tiles and rose gold tapware.&nbsp;

Buyers also have the choice to opt in for a dark-scheme residences.

Entry to the apartments begins via direct lift access to the private entry lobby,&nbsp;which becomes a personal drop-off zone for groceries and deliveries to the doorstep.&nbsp;Each&nbsp;Provenance kitchen features a&nbsp;full suite of Gaggenau appliances.

[smartcode_project:default project_id=9099 project_image_fid=48600]

The feature entry doors are made of fluted glass, with the landscaped gardens complemented by entertaining terraces.

Melbourne-based builder Iurada Property Group, who won&nbsp;the 2019 Master Builders Victoria Award for Excellence in Lowrise Apartment Buildings, is handling the build.

Beulah&rsquo;s Executive Director, Adelene Teh said the group was thrilled with the progress made by Iurada in constructing the Provenance Camberwell project so far.

&ldquo;Alongside the team at Elenberg Fraser, we had bold plans for this project, and it&rsquo;s been incredible seeing everything come to life, so accurately reflecting our vision as things move ever-closer to completion,&rdquo; Teh said.

[smartcode_project:default project_id=9099 project_image_fid=48606]

&ldquo;Buyers can now immerse themselves in a completed apartment and can experience the sheer size of these homes, while seeing and feeling the quality firsthand of the materials and finishes used.&rdquo;

In what has been a busy year for Beulah, the impending settlement of Provenance Camberwell comes as the developer recently revealed plans for its Prahran project, in collaboration with Cera Stribley, alongside the record-breaking sale and launch day within its highly anticipated, STH BNK By Beulah project.

Prices at&nbsp;Provenance start from $1.25 million.

[smartcode_project_cta: project_id=9099]

Apartments still remain at the three-level Toorak Road development of just 12 residences


alisonwarters@gmail.com

Beulah’s Provenance Camberwell apartments near completion

Malaysian property developer, Gamuda Land, is set for just its second Australian development following its successful delivery of its 661 Chapel Street&nbsp;tower in South Yarra.

Gamuda Land, led by CEO&nbsp;Ngan Chee Meng, has spent $24 million on a prime site at 272 Normanby Road, South Melbourne, with the intention of delivering a 200-apartment, mixed-use tower.

The 2,600 sqm site, famously home to the Dunlop Rubber Co for over 70 years, is located within the Montague Precinct of Fishermans Bend.

Ngan Chee Meng said after the delivery of the company&rsquo;s maiden 661 Chapel Street, South Yarra project in 2018, Gamuda Land is focused on building a strong pipeline of residential projects in Australia over the next five years.

&ldquo;Since Australia&rsquo;s borders reopened for business, Gamuda Land has been actively looking to expand its foothold in all capital cities, in order to bolster residential supply by an additional 1,000 residences,&rdquo; Ngan said.

&ldquo;The South Melbourne site was immediately attractive to us, as it plays to Gamuda Land&rsquo;s global experience in developing sustainable communities and townships.

&ldquo;As a town maker, Gamuda Land is well positioned to apply our expertise in our international projects towards addressing challenges like climate change and housing affordability, which form the cornerstone of our scheme for South Melbourne.&rdquo;

<img alt="" height="722" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-14_at_6.42.38_am.png" width="1148" /> 
The former plans for the site had 260 apartments

Gamuda Land&rsquo;s vision is to re-instate local biomass on site, with extensive tree-planting and contributions to public green space included in the scheme.

&ldquo;Working with the traditional landowners as a first step, our design brief started with an understanding of the site&rsquo;s natural landscape and its indigenous heritage. We wanted to understand how we could restore part of the project to its pre-colonial state.&rdquo;

Partnering with Hayball Architects, Oculus and HIP V. HYPE, the project will deliver a biophilic outcome that incorporates native flora and &lsquo;re-wilds&rsquo; part of it to a pre-urbanised landscape.

In collaboration with the City of Port Phillip, DELWP and Fishermans Bend Taskforce, Gamuda Land will also deliver a new 3,000 sqm public park that will see a section of neighbouring Johnson Street permanently closed and transformed into open green space.

The architectural response by Hayball champions ecological design features like vertical greening that connects the park frontage with the building and private residents&rsquo; rooftop garden. Promoting the health and wellbeing of future residents has informed natural material selections, increased natural light in the development&rsquo;s design and enhanced connections to nature.

A lush biophilic spine through the building&rsquo;s 20 levels offers resident &lsquo;hide out&rsquo; areas for work and recreation amongst green spaces. Cascading green walls will feature prominently throughout corridors, lobbies and terraces.

An eco-deck atop the building will feature lush green planting and resident amenities like a Japanese inspired onsen, urban farming beds and a meditation and wellness studio.

&ldquo;It was important to us that the project made a significant contribution to enriching air quality and reducing heat island effect, delivering on Gamuda Land&rsquo;s goal to reduce its CO2 emissions by 40 percent by 2030,&rdquo;&nbsp;Ngan added.

&ldquo;The project will also see over 6,000 native plants and trees planted, furthering our goal to plant an additional one million trees across Gamuda Land&rsquo;s projects.&rdquo;

Additional amenities within the project will include an atrium retail space that will introduce 14 specialty retailers.

A mix of one, two and three bedroom apartments will be priced from $490,000 up to $1,450,000, with a sales launch planned for late 2022. Construction is anticipated to commence in June 2023.

The 2,600 sqm site, famously home to the Dunlop Rubber Co for over 70 years, is located within the Montague Precinct of Fishermans Bend

Gamuda Land set for Fishermans Bend, South Melbourne apartment development

Caydon, founded by Joe Russo back in 1999, has hit the market running with its Preston apartments, Due North, with over 70 per cent sold.&nbsp;

Climbing 12 levels with 107 apartments, a rooftop space, a coworking area in the lobby and three retail spaces, Due North is set to be a unique addition to High St, Preston.

[smartcode_project:default project_id=5502 project_image_fid=155330]

Each level will contain a maximum of 12 apartments, designed&nbsp;with the owner-occupier in mind.

Local singles and couples in the hunt for their first home have taken up a crop of the apartments in Due North, with the nearby High Street, which is scattered with bars and restaurants, providing a swathe of highly desired amenity.

With the area experiencing a spat of gentrification, many buyers are seeking two-bedroom apartments, with the increasing flexibility of working-from-home and the need for an office space.

[smartcode_project:default project_id=5502 project_image_fid=155333]

Only a five per cent deposit is required to secure a new home in <a href="https://www.urbandirect.com.au/due-north/?utm_source=article">Due North</a>, with two-bedders starting from $593,000, meaning only a $29,650 deposit needed.

Construction is now underway on the Preston apartments, which are expected to be completed in the first half of 2023, giving buyers even more time to save the remainder of the funds for the property.

Owner occupiers can save on stamp duty for a limited time also, with buyers paying less than $6,000 stamp duty on two-bedroom apartments.

[smartcode_project:default project_id=5502 project_image_fid=155336]

With over 20 years' experience, Caydon has delivered over 4000 projects across Melbourne, including Windsor &amp; Co in Preston, as well as the Ivanhoe, Ettaro in Brunswick East and Only in Flemington.

The group currently have Rise, a two and three-bedroom apartment development in Moonee Ponds for sale, along with Home by Caydon in Alphington.&nbsp;

Home offers two and three-bedroom apartments, with buyers again only requiring a five per cent deposit and&nbsp;move-in slated for spring this year.&nbsp;

[smartcode_project_cta: project_id=5502]

Designed by Caydon's architecture and design team, each level consists of a maximum of 12 apartments, curated with the owner-occupier in mind.



Why first home buyers are snapping up apartments in Caydon’s Due North, Preston development

Located in leafy, riverside, Alphington, just 6.5km north-east of the city, HOME by Caydon comprises 16 stories of terrace homes, sky homes and apartments designed by Caydon’s award-winning Architecture and Design team.

Designed with the homeowner in mind, the 326 apartments feature large floorplans, light-filled living spaces and the modern must-haves, with generous storage, quality appliances, secure parking, concierge services and home automation technology.

[smartcode_project:default project_id=24441 project_image_fid=167638]

With construction nearly complete on the Alphington project, Caydon is offering buyers the chance to live 12-months mortgage free, with the purchase of a two or three-bedroom apartment, skyhome or terrace home before August 31.&nbsp;

Buyers will also only need a five per cent deposit when securing a home, meaning apartments starting from $699,000 will only require a $34,950 deposit, while skyhomes from $914,000 will require just a $45,700 deposit.

[smartcode_project:default project_id=24441 project_image_fid=167640]

The group’s incentives will see terrace home buyers, which start from $1,674,000 need to save just an $83,700 deposit.

HOME buyers can also enjoy the state’s stamp duty savings, with apartments set to be ready to move into by Spring.

[smartcode_project_cta: project_id=24441]

HOME buyers can also enjoy the state’s stamp duty savings, with apartments set to be ready to move into by Spring

HOME by Caydon set to welcome residents to Alphington project this Spring

Marocci Property Group have found their place within the tree-lined streets of Carlton, recording over $30 million in sales already at La Storia.

With construction set to commence soon on the residential project, buyers have only a small window to gain off the plan prices, prior to August 1, beating significant price rises.

[smartcode_project:default project_id=111979 project_image_fid=194080]

Delivering just 20 apartments across the site, La Storia has been designed by the father and son led M3 Design, with each of the three-bedroom homes prioritising natural light and airflow.

Taking its lead from the Venetian architect Carlo Scarpa, La Storia bursts with lightness, spareness and balance, following an&nbsp;environmentally conscious&nbsp;design that seamlessly integrates into its surrounds

Technically part of the modernist movement, Scarpa&rsquo;s style was subtle and subversive, instead of shunning the past he honoured it, transforming buildings with stunning simplicity.

[smartcode_project:default project_id=111979 project_image_fid=194079]

Driven by beauty and permanence, La Storia is built of strong materials, including marble and concrete, with the exterior taking on a monolithic presence, to reflect the idea of immutability.

Finely detailed and honed in stone, La Storia imbues the legacy of Carlos Scarpa, along with his ethos of the handmade and warm-blooded mix of the old and the new. &nbsp;

Maximum functionality and movement are at the heart of each floor plan with indoor and outdoor spaces designed to entertain or simply retreat to and relax.

[smartcode_project_cta: project_id=111979]

Quick sales at La Storia, Carlton apartments

Celebrated developers, AVJennings have recently taken home top honours, winning the &lsquo;Residential Development - Australia&rsquo; category at the International Property Awards, for The Empress apartments at Waterline Place.

The vision for Waterline Place is to be &lsquo;a village within a village&rsquo; - a&nbsp;vision which is quickly coming to life, designed by some of Australia&rsquo;s leading architects.

[smartcode_project:default project_id=112774 project_image_fid=197064]

The AVJennings community offers a range of apartments, townhomes and penthouse residences, with the community set to eventually be home to 14 residential buildings, with some 510 residences, all brought together by a&nbsp;series of active and pedestrian-friendly streets and laneways.&nbsp;

The Empress Apartments were launched back in 2019, comprising a mix of one, two and three-bedroom&nbsp;apartments, designed by&nbsp;internationally-renowned architect Elenberg Fraser.

A wave of local owner-occupiers and downsizers snapped up the majority of the apartments, which was predominately sold out prior to completion back in mid 2021.&nbsp;

[smartcode_project:default project_id=112774 project_image_fid=199291]

The latest Waterline Place offering has been coined the Merchant Apartments, which is set to deliver another 125&nbsp;apartments to the community, across two seven-storey buildings.

Designed in collaboration with&nbsp;Elenberg Fraser, the Merchant Apartments encompass learning from previous releases, combining&nbsp;a mix of one, two and three-bedroom apartments, along with an exclusive collection of Sky Homes on the upper levels of the project, offering sweeping views of the surrounding bay and city skyline.

The ASX-listed developers will also incorporate boutique retail offerings across the ground floor, as well as a number of communal spaces, emblazoned with the work of local artists.

[smartcode_project:default project_id=112774 project_image_fid=197063]

Topping out the Merchant Apartments is the expansive rooftop terrace, featuring multiple seating zones, a communal garden and a children&rsquo;s play space, with completion of the building slated for mid 2024.&nbsp;

[smartcode_project_cta: project_id=112774]

The Empress Apartments were launched back in 2019, comprising a mix of one, two and three-bedroom apartments, designed by internationally-renowned architect Elenberg Fraser

AVJennings win Residential Development, Australia category at the International Property Awards for Williamstown apartments

Keystone Property Group&rsquo;s latest Footscray offering delivers Ovation to the inner-west of Melbourne, marking the project as the nearly the 10th development in the area for the group.

Designed by&nbsp;<a aria-label="Kavellaris Urban Design - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/kavellaris-urban-design" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/kavellaris-urban-design$kavellarisurbandesign">Kavellaris Urban Design</a>&nbsp;(KUD), Ovation comprises 131 residences, with a mix of one, two and three-bedroom apartments.

[smartcode_project:default project_id=5490 project_image_fid=78492]

&ldquo;Positioned in one of Melbourne&rsquo;s fastest emerging domains, innovation and liveability were of equal importance when designing Ovation,&rdquo; said KUD Owner,&nbsp;Billy Kavellaris.

Situated at 94 Buckley Street, Footscray, Ovation immerses itself in the diverse and multi-cultural charm of the suburb. &nbsp;

Having experienced rapid-fire gentrification in recent years, the inner-western gem now plays host to a vibrant caf&eacute; culture and a melting pot of eateries churning out flavours from across the globe.

Just three minutes down the road is the bustling Victoria Street, where in-demand cafes like Common Galaxia, Hunter&rsquo;s Harvest and Alfa take residence, while at night, Footscray is equally as equipped, playing host to a bevy of sleek wine bars, lively restaurants, casual eateries, with both Victoria St and Barkley St coming to life with a selection of riverside destinations.

Ovation buyers will be nearby to a range of recreational offerings with a flurry of green, open spaces and leafy retreats peppering the suburb.

[smartcode_project:default project_id=5490 project_image_fid=78497]

The closest park to the project, Bristow Reserve, sits just 700 metres away, with two playgrounds, two barbeques spaces and a pergola.

Ovation is also close by to Footscray Park, which sits beside a stretch of the Maribyrmong River, providing further amenity for residents.

Stretching from Mount Macedon to Port Phillip Bay, the Maribyrnong River trail passes a myriad of parks and attractions including&nbsp;<a href="/developments/footscray-vic-3011">Footscray</a>&nbsp;Community Arts Centre,&nbsp;<a href="/developments/footscray-vic-3011">Footscray</a>&nbsp;Park, and Flemington Racecourse.

&ldquo;<a href="/developments/footscray-vic-3011">Footscray</a>&nbsp;is one of those rare suburbs that, while possessing a strong village atmosphere, enjoys connectivity characteristic to that of a city fringe locale.&rdquo;

CoreLogic data shows Footscray apartments are selling up to eight per cent higher compared to last year, positioning Ovation as a hot buy for investors and owner-occupiers alike.

Further playing into the card of the investor, the median weekly rent for the suburb sits around $350 with the median gross yield at 3.5 per cent according to CoreLogic.

[smartcode_project:default project_id=5490 project_image_fid=78494]

Since their inception Keystone has developed more than 450 properties across 17 projects, with particular experience across growth suburbs such as Footscray, Brunswick and Prahran.

The group currently has a number of other projects in the pipeline and under construction, including The Buckley and Victoria Corner in Footscray, VOX in Prahran, and Ensemble in Elwood.

[smartcode_project_cta: project_id=5490]

Having experienced rapid-fire gentrification in recent years, the inner-western gem now plays host to a vibrant café culture and a melting pot of eateries churning out flavours from across the globe.



Around Keystone’s Footscray apartments, Ovation

The luxury Awaken apartment project in Melbourne&#39;s Brighton has shown its class as one of the best new projects in the exclusive Bayside suburb.

Developed by the Skelton and designed by Melbourne architect Travis Walton, Awaken pushes the envelope for quality and finessed detail. Built by Brompton Construction, this is the second Bayside success by this development team.

Penthouse 201, part of the boutique 13-residence Awaken, sold in June for an undisclosed price, but it&#39;s believed to be in the mid&nbsp;$3&nbsp;millions.

Developer Michael Skelton said there haven&rsquo;t been many sales in the upper end of the Brighton market in recent times, particularly while still at the off-the-plan stage and not yet complete.

&quot;This penthouse sale represents one of the best of​f-the-plan Brighton apartment sales in recent times,&quot; Skelton says.

&quot;It&#39;s really a testament to&nbsp;the detailed design and quality being delivered here,&quot; Skelton adds, as the wraps and scaffolding starts to come down from the striking Rooding Street project.

[smartcode_project:default project_id=30087 project_image_fid=177703]

It was an owner-occupier who secured Penthouse 201. They were looking for a city pad that featured strong architectural styling and a quality design delivered beyond expectations.

&quot;The couple initially enquired around two months ago when we had a virtual display for Awaken,&rdquo; Skelton said. He added however the clincher was when they came and inspected the apartment again, when the feature brickwork and dark electro-bronze detail were all but finished.

&quot;They were able to see how the building had come together, and the end product surpassed well beyond their expectations,&quot;&nbsp;Skelton adds.

&quot;We took the buyers on a tour of the building while under construction, with the apartment just at a shell stage. They could vision how it was going to look and what it would be like living there, with the bay and city views that the third-level delivers.

[smartcode_project:default project_id=30087 project_image_fid=143715]

&ldquo;The choice came down to not &lsquo;if an Awaken penthouse was right&rsquo;, but which one to choose,&quot; Skelton says.

Penthouse 202, quietly positioned at the rear of the development, with city and bay views, is still up for grabs.

Each of the half-floor penthouses are very different, Skelton says.

&quot;They&#39;re not just a replicated floor plan front to back. Penthouse 202 has dedicated space for dining, with the kitchen and living area spanning the full width of the building. Beams of light from the eight skylights illuminate the penthouse throughout the day while the expansive balcony offers brightly lit city views at night.&rdquo;

[smartcode_project:default project_id=30087 project_image_fid=177708]

&quot;The entry to Penthouse 202 is designed as an intentional statement on arrival, with a large skylight shining light into the entry which would lend itself to some feature art or a sculpture.

The second and third bedrooms are located in a separate wing of the penthouse, set on the other side of the living space and away from the master wing.

Both penthouses feature an exceptionally large integrated marble fireplace, as well as featured kitchen&nbsp;island benches with waterfall stone edges.

Projects by Buxton agent Heath Thompson is marketing the remaining penthouse with a $3.45 million asking price.

There are just a few other apartments remaining, one three-bedroom apartment on the ground floor with an&nbsp;expansive private courtyard garden, as well as another three-bed apartment on the first level.

[smartcode_project:default project_id=30087 project_image_fid=177705]

Skelton said there are a number of buyers ready to come and inspect the remaining apartments now that the scaffolding has come down. Buyers will now be able to see the entire project, particularly the European-style brickwork and contrasting electro-bronze metal detailing, in all its detail.

Every buyer so far at Awaken has been an owner-occupier, a mix between empty nesters and families with grown up kids. Purchasers are still working with Skelton on final custom packages for their apartments ahead of the Spring completion and move in date.

Architecture firm Travis Walton&#39;s&nbsp;brief for Awaken was to take&nbsp;a contemporary and restrained approach to bayside luxury living with architectural details and landscaping, synonymous with a project by Skelton Group.

[smartcode_project:default project_id=30087 project_image_fid=177706]

The refined architectural composition draws focus to the layered and extensive landscape, combining natives and evergreen plants to create softness and seasonal change.

Awaken&#39;s unique positioning in a quiet, blue-stoned edged, laneway-style street in Brighton combines quality architecture, interiors and landscaping to deliver one of the most high-end offerings in Brighton.

[smartcode_project_cta: project_id=30087]

Awaken's unique positioning in a quiet, blue-stoned edged, laneway-style street in Brighton combines quality architecture, interiors and landscaping to deliver one of the most high-end offerings in Brighton


Awaken apartments show Brighton prestige with big off the plan penthouse sale

STH BNK By Beulah, one of Australia&#39;s most talked about apartments towers in Melbourne&#39;s Southbank, is set to have&nbsp;the most comprehensive collection of amenities in any Australian skyscraper.

Set to become Australia&rsquo;s tallest tower, STH BNK By Beulah will offer its residents a suite of residential amenity, allowing buyers to carve out a bespoke, wellness-inspired lifestyle as part of a series of unique residents&rsquo; clubs fitted out with pools, lounges and wellness areas.

The curated approach to STH BNK&rsquo;s amenity offering aligns to Beulah&rsquo;s ethos in creating healthy environments for a healthier lifestyle.

[smartcode_project:default project_id=8804 project_image_fid=200218]

A sculptural form composed of two twisting towers, STH BNK By Beulah provides residents with an urban retreat in the sky, with four distinct residential collections offering one-bedroom apartments through to five-bedroom homes, each with their own access to corresponding clubs.

STH BNK&rsquo;s most gregarious residents will be able to live the entertainer&rsquo;s dream, with access to intimate private dining rooms alongside catering kitchens meaning guests are able to host dinner parties without the hassle of the clean-up.

Taking nightcaps to new heights, residents are will also have access to an exclusive bar and lounge, featuring deep lounges, a fireplaces and unparalleled views of the surrounding CBD.

[smartcode_project:default project_id=8804 project_image_fid=200213]

Fitness-focused residents will have access to the infinity pool, along with the steam, sauna, spa and shower.

For higher intensity, residents can opt for views of Port Phillip Bay while working out in a full-line gym.

Cinephiles will have access to a boutique cinema, to bring friends and family together to watch new films or the big game on the big screen, followed by karaoke into the night, while lovers of literature are able to spend the day nestled in the private library.

[smartcode_project:default project_id=8804 project_image_fid=200219]

Additionally, the Residents&rsquo; Club will provide access to a broadcast room, complete with a green screen for professional content creation, virtual reality technology, including a multi-sport simulator like golf and tennis, as well as a multi-purpose room that can be transformed from a daytime children&rsquo;s playroom into an evening event space, complete with a media wall and kitchenette.

Residents within the Sky Rise collection will have access to the ultra-exclusive Sky Rise Residents&rsquo; Club, where rest and relaxation are the key focus, featuring a hydrotherapy pool and spa, complemented by a series of treatment rooms and relaxation pods also available for remedial massages and wellbeing appointments, as well as a wine room and lounge, private dining, games room and more.

[smartcode_project:default project_id=8804 project_image_fid=200221]

All residents at STH BNK By Beulah will have access to a variety of resident-only STH BNK Concierge services, available at the push of a button. These range from housekeeping, shopping and child minding to pet services, an on-call doctor, beauty treatments and massages in their own residence, in addition to the recently announced STH BNK Auto Club, a first-of-its-kind fleet of luxury vehicles including BMWs, Teslas, Porches and Range Rovers for residents to use via a car-sharing model.

As the residential towers rise into the sky, pocket parks will punctuate the building form and create a green oasis for the exclusive use of residents.

There are eight parks across the east tower, each designed to have its own unique character and function, from active spaces to places of rest and relaxation.

Acting as a local neighbourhood park and a private place for residents to get back to nature, features include exercise platforms, relaxation gardens, play spaces, urban farms, outdoor cooking and dining, and multi-storey landscaping filled with greenery.

[smartcode_project:default project_id=8804 project_image_fid=200217]

At the helm of the global collaborative project, Beulah Executive Director Adelene Teh said they were excited to offer residents a lifestyle like nothing Australia has seen before.

&ldquo;It was important to us to offer residents an exclusive place to recharge the body, rest the mind and reconnect with friends, family and neighbours,&rdquo; she said.

&ldquo;We have taken a tailored approach to the evolution of how people live, work, play and rejuvenate. People are time-poor and want the convenience of having the world at their feet; STH BNK By Beulah will offer world-class services and amenities in one place, giving back the luxury of time and enjoying all life has to offer.

&ldquo;These amenities are impeccably designed; complete with state-of-the-art technology, these spaces will offer a place to enjoy life at your own pace, whether working out at the gym and indulging in wellness services, winding down in front of the private cinema&rsquo;s big screen, or just taking in the view from your own private bar.&rdquo;

[smartcode_project:default project_id=8804 project_image_fid=200214]

&ldquo;With OC fees priced from just $4,000 per year, buyers have been driven by the remarkable value for money STH BNK By Beulah offers,&rdquo; added Teh.

&ldquo;Given premium gym memberships are usually priced from $2,000 and hot-desk memberships at co-working spaces from approximately $4,000 per year, residents with access to all of this and more on their doorstep understand the appeal.&rdquo;

Elevating the pulse of Southbank, residents will have access to the lifestyle podium; a wellness and culture precinct comprising premium retail, cultural events and entertainment, community activities, a childcare centre and inspiring place space, outdoor gardens and rooftop spaces.

[smartcode_project:default project_id=8804 project_image_fid=200220]

STH BNK By Beulah will also be home to Four Seasons Melbourne, as well as the country&rsquo;s first innovative cultural centre for young people, overseen by the globally-revered Centre Pompidou.

Last month, STH BNK By Beulah experienced a record-breaking launch day with $400 million-plus in apartment sales including a record-breaking $35 million sub-penthouse, making it one of the strongest single day apartment sales in the country

[smartcode_project_cta: project_id=8804]

The curated approach to STH BNK’s amenity offering aligns to Beulah’s ethos in creating healthy environments for a healthier lifestyle.



STH BNK By Beulah to feature a host of world-class amenity 

Buyers at Kokoda Property&#39;s Malvern Collective, on the southern end of the dress circle Glenferrie Road, will be offered the ultimate convenience, with Woolworths signing as anchor tenant at the new mixed-use project.

The 600 sqm Woolworths Metro will adjoin&nbsp;the precinct&#39;s central piazza,&nbsp;a mix of high-end food and entertainment-focused specialty retailers, which connect via laneways to Glenferrie Road and offers direct commuter access to Malvern train station.

Malvern Collective will home 265 residences across its JCB-designed tower, with interiors by Carr Design.

[smartcode_project:default project_id=12457 project_image_fid=200172]

Kokoda Property&rsquo;s founder and managing director, Mark Stevens, says as the largest privately led urban renewal development in the suburb&rsquo;s history, Malvern Collective is set to restore a significant part of Malvern&rsquo;s original high street.

&ldquo;The arrival of Woolworths is testament to our group&rsquo;s vision to reinvigorate this prominent section and bring it back to its former glory,&rdquo; Stevens said.

Today with a median house price of $3.1 million, Malvern is a highly sought-after lifestyle suburb.

[smartcode_project:default project_id=12457 project_image_fid=200188]

&ldquo;Malvern Collective presents a rare opportunity to introduce luxury apartments alongside carefully curated fresh food retail, health and wellness services, and high-end food and entertainment offerings,&rdquo; Stevens added.

&ldquo;Ultimately, this is about place making and bringing together the fundamental elements that contribute to community wellbeing, and reflecting where the suburb&rsquo;s culture, design and demographic are moving.&rdquo;

Furthermore, approximately 1.1 million passengers use Malvern station each year &ndash; representing an average of 3,000 commuters per day. This number is set to increase when the $2.7 billion Metro Tunnel project is completed in 2025.

[smartcode_project:default project_id=12457 project_image_fid=200159]

&ldquo;The precinct will not only reinvigorate the southern end of Glenferrie Road, but also create considerable convenience, connectivity and amenity to commuters who frequent Malvern station,&rdquo; Mr Stevens said.

Early site works commenced at Malvern Collective in 2020 with the $1 million refurbishment and reopening of the suburb&rsquo;s oldest pub, The Angel. The historic watering hole reopened in March with a new front bar, kitchen and head chef, alongside regular live entertainment.

The next phase of construction has commenced earlier this year, with the mixed-use development scheduled for completion in Q1 2024.

[smartcode_project_cta: project_id=12457]

Malvern Collective will home 265 residences across its JCB-designed tower, with interiors by Carr Design

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