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

The Sydney-based developer, Sun Property Group, are breaking in to the Melbourne apartment market, and they&#39;re starting in one of the Victorian capital&#39;s most blue chip suburbs.

SPG has just launched Euroka, a boutique collection of apartments in the heart of Toorak.

Euroka, at 5 Brookville Road, is inspired by Melbourne&rsquo;s iconic Roy Grounds House &ndash; once home to one of Victoria&rsquo;s most influential modern architects.

The renowned architect and design firm, Carr Design, has created the 10 luxury apartments, which includes two ultra-luxury penthouses. Euroka will feature&nbsp;a distinctive geometric fa&ccedil;ade, taking cues from the rich texture of local neo-brutalist architecture. &nbsp;&nbsp;

[smartcode_project:default project_id=109759 project_image_fid=185211]

The theme of&nbsp;Euroka&nbsp;is &lsquo;welcome to the light&rsquo;, with the developer given permission from the Aboriginal Council, Wurundjeri Woi Wurrung Cultural Heritage Aboriginal Corporation, to use the name.

Sun Property General Manager, Cameron Johnson, said there&#39;s a big difference in what can be developed in Sydney and Melbourne.

&quot;In Sydney&#39;s it all about trying to create apartments that will get glimpses of the harbour, or views of the city,&quot; Johnson says.&nbsp;

&quot;In Melbourne, those opportunities aren&#39;t quite there, the topography is very different, Melbourne is very flat.

[smartcode_project:default project_id=109759 project_image_fid=185217]

&quot;So you have to find different opportunities, in design, craftsmanship, size, quality etc. You need to be able to underpin the same level of distinguishment than what you can achieve in Sydney simply by having higher apartments with views.&quot;

The sleek low-rise apartments &ndash; set over three levels &ndash; feature linear shapes, beautiful glazing and what appears to be almost &lsquo;floating&rsquo; concrete, softened by landscaping.

The site, located at 3-5 Brookville Road is set back from the road and will be nestled behind landscaped gardens. Deep sculptural planters will provide privacy to residents, while its dramatic entry will include a 16m reflection pond.

Natural light has been a strong theme in how&nbsp;the apartments have been arranged. Each apartment has been created to be like its own private gallery, with oversized floorplans extending outdoors to large terraces or private courtyards.

The apartments at Euroka&nbsp;are generously sized, with a three-bedroom floorplan measuring around 160sqm. The project will have two penthouses, each with an expansive floor plan measuring 260 sqm.

[smartcode_project:default project_id=109759 project_image_fid=185218]

Construction on&nbsp;Euroka&nbsp;is due to commence in February, with a completion expected by June 2023. &nbsp;

Sun Property has been developing primarily in Sydney&#39;s affluent Lower North Shore area, with projects in Neutral Bay, Mosman&nbsp;and Willoughby recently.

&ldquo;It is the right time for us to expand what we offer to our customers into a different city &ndash; there are great schools, excellent services and wonderful surroundings in Melbourne&rsquo;s south-eastern suburbs,&rdquo; he said.

&ldquo;What influences our design is the customer &ndash; we really drive towards trying to understand what it is they are looking for and how they want to exist in their home.

[smartcode_project:default project_id=109759 project_image_fid=185214]

&ldquo;We present a design and an idea of what it can be &ndash; but what we are willing to do is to take that extra step and work with the customer very collaboratively to deliver a home that meets what they want and need.&rdquo;

Sun also has another site in Toorak, closer to Hawksburn Village at&nbsp;226-228 williams road Toorak. The 16 apartments, a mix of two and three-beds, will be more atune to trying to find a younger customer, as well as some downsizers, Johnson says.

They are looking to further pad out their Melbourne pipeline in the next six months.

[smartcode_project_cta: project_id=109759]

Euroka, at 5 Brookville Road, is inspired by Melbourne’s iconic Roy Grounds House – once home to one of Victoria’s most influential modern architects

Sun Property Group make first move in to Melbourne with luxury Toorak apartment development, Euroka

Crown Group has expanded its footprint out of Sydney, announcing&nbsp;Artis at Southbank as their first ever development outside of Sydney.

They&#39;ve had their go-to Sydney architect, Koichi Takada, design the 16-level, 152-apartment tower, his first in Melbourne.

Takada, who created Crown Group&#39;s award-winning Mastery by Crown Group and Waterfall by Crown Group, was inspired&nbsp;by two nearby iconic landmarks - the flowing spine of the Arts Centre, and the new NGV Contemporary art and design gallery, the latter forming part of the $200 million redevelopment of the precinct.

Koichi Takada said the&nbsp;project&rsquo;s name is a nod to the concept of &lsquo;art in motion&rsquo; which is reflected in the design of the fluid ribbon-motion fa&ccedil;ade of the two elliptical-shaped buildings.

<a href="/new-apartments/175-187-sturt-street-southbank">To keep up to date with the development and its launch, enquire here</a>

&quot;Every aspect of the interior will also reflect the bohemian art culture of Southbank,&quot; Takada added.

<img alt="" height="674" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/artis_southbank_2.jpg" width="1200" />

Crown Group Chairman and Group CEO, Iwan Sunito, said the decision to branch out to Melbourne made sense, given the amount of interest from&nbsp;Melburnians in their Sydney projects.

&quot;We&rsquo;re excited to finally bring our iconic design and luxury resort-style amenity to the Victorian capital,&quot; Sunito said.

&quot;Melbourne is a vibrant city with long-term investment potential and a key market in our plans for growth across Australia.

&ldquo;We&rsquo;ve been waiting for the perfect site in a prime inner-city location for about 10 years..

&ldquo;We wanted to create something rare and unique for our first project in Melbourne, and this location and the luxe, refined and timeless design will appeal to many.&rdquo;

Wellbeing and connection to nature, a staple of Crown Group&#39;s Sydney developments, is on show at Artis, which will have a number of&nbsp;exclusive resident facilities and amenities, including an indoor lap pool, spa, sauna, yoga studio, gym, resident&rsquo;s lounge and landscaped rooftop garden with views of the Melbourne skyline and Port Phillip Bay.

<a href="/new-apartments/175-187-sturt-street-southbank">To keep up to date with the development and its launch, enquire here</a>

Situated adjacent to a tram stop for convenient access into the city and universities, the residence is only a short walk to St Kilda&nbsp;Arts Precinct including the Malthouse Theatre, National Gallery of Victoria and Queen Victoria Gardens.

Crown Group Sales Director, Prisca Edwards said that currently all signs for the Melbourne property market are looking positive with housing and apartments seeing growth in the last quarter.

&quot;We are already seeing an upturn in property prices, auction clearance rates and sales,&quot; Edwards noted, adding that Artis is&nbsp;located at a prime inner-city location that boasts good investment opportunity and strong long-term capital growth prospects.

Crown Group recently celebrated its 25-year anniversary since its conception. Over that period they&#39;ve received 50 national and international awards.

Two of their Sydney projects - Infinity by Crown Group and Arc by Crown Group, were awarded the 2021 Best Tall Building under 100 metres by the prestigious Council of Tall Buildings and Urban Habitats.

Koichi Takada said the project’s name is a nod to the concept of ‘art in motion’ which is reflected in the design of the fluid ribbon-motion façade of the two elliptical-shaped buildings

Crown Group reveal first Melbourne apartment development, Artis at Southbank

The $2.7 billion mixed-use development, STH BNK By Beulah in Melbourne&#39;s Southbank, is continuing to break ground as one of the mostly luxury offerings the city will have seen for a number of years.

STH BNK By Beulah is set to offer Australia&rsquo;s first-of-its-kind Private Auto Club for residents as car ownership declines.

The STH BNK Auto Club will see residents have the opportunity to use the fleet of luxury vehicles,&nbsp;from&nbsp;BMWs and Teslas to Porches and Range Rovers.

There will be 50 cars available to book, similar to a traditional&nbsp;car sharing model, with the added perks of an on-site team to clean, maintain and valet park cars, with chauffeur drivers available on request. Residents will be able to book a car via a mobile phone app or concierge.

[smartcode_project:default project_id=8804 project_image_fid=27929]&nbsp;

It&#39;s a response by Beulah to data from the Federal Chamber of Automotive Industries which showed new car sales in Australia have been declining since 2017.

In April 2021, new car sales had plummeted 48.5 per cent year-on-year, the biggest decline in 30 years and the 25th consecutive month of plunging new car sales.

According to a 2019 RACV Survey, the cost of car ownership is 66 per cent more expensive than drivers realise, with the largest cost being the depreciation of the car, followed by loan repayments.

It is said that cars are motionless around 95 per cent of the time and in cities, this climbs to an average of 97 per cent.

<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">To keep up to date with the development and its launch, enquire here</a>

Beulah Managing Director Jiaheng Chan said the STH BNK Auto Club will assist residents in saving money, while also providing them with the luxury and accessibility a car affords.

&ldquo;STH BNK is centrally located and boasts a walk score of 98, meaning a car is not a necessity. By providing residents with access to the STH BNK Auto Club, they can still enjoy the luxuries and freedom a car offers without the associated costs of car ownership, and in the process, can experience a range of different cars - depending on their mood or needs.

&ldquo;This is just one of the many services residents will have access to at STH BNK as we look to cater to ever-evolving lifestyle choices, one that puts sustainability and technology front of mind,&rdquo; he said.

STH BNK Auto Club will offer three tiers of membership levels including Silver, Gold and Diamond, with each member of the program able to select a tier based on their needs and wants; silver being the most cost effective, while Diamond provides access to luxury cars and EVs. EVs will be progressively added to the fleet, with Beulah committed to a full EV fleet by 2030.

<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">To keep up to date with the development and its launch, enquire here</a>

There will be two towers at the City Road address, one rising 102 storeys to be Australia&#39;s tallest tower at 366 metres. There will be around 449 apartments across the two towers, as well as a hotel, commercial, and retail space.

Construction is set to get underway in mid-2022, with a 2027 completion date forecast.

[smartcode_project_cta: project_id=8804]

The STH BNK Auto Club will see residents have the opportunity to use the fleet of luxury vehicles, from BMWs and Teslas to Porches and Range Rovers

STH BNK By Beulah set for Australia's first shared Private Auto Club for residents

Fadil &ldquo;Butch&rdquo; Sadikay, the surfwear chain retailer turned property developer, has launched the South Yarra penthouse offering in his The Botanic Collection.

Kay &amp; Burton Project agents Damon Krongold and Peter Kudelka have the three-bedroom, three-bathroom listing in conjunction with Andrew Macmillan at Jellis Craig.&nbsp;

There&rsquo;s a $16.5m to $17.5m price guide for the apartment which overlooks the treetops of the Royal Botanic Gardens.&nbsp;

[smartcode_project:default project_id=4658 project_image_fid=54441]

It has 370 sqm internally space plus a rooftop garden and pool with some 400 sqmetres space.

Architect Rob Mills has designed the triplex which will set in gardens landscaped by Jack Merlo for the Sadikay Group.

[smartcode_project:default project_id=4658 project_image_fid=54442]

The Domain precinct penthouse sits atop the 30 Anderson St portion of the 2655sq m estate bought in 2016 for $33 million from the executors of Marion Page, daughter of businessman Sir Clive McPherson.

The 3/30 Anderson Street expressions of interest campaign closes November 23.

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There’s a $16.5m to $17.5m price guide for the apartment

jchancellor-FAypfDUnLy

South Yarra luxury penthouse listing in The Botanic Collection

Rarely does South Melbourne&nbsp;see such a boutique, high end residential development.

But the Melbourne property developer BEKL&#39;s latest project,&nbsp;Viv&eacute;re on Dorcas, has&nbsp;just 36 apartments in the heart of the inner urban neighbourhood.

And the residences will secure prime views in the 20-level, being located above the 171-room Voco hotel, operated by IHG which will give residents extra amenity, including concierge services and on-demand housekeeping, as well as access to the hotel&#39;s lobby-level bar and restaurant, and well-appointed hotel gym.

[smartcode_project:default project_id=108979 project_image_fid=180561]

There will also be access to BEKL&#39;s recently launched co-working space, Curago, which will be located in the tower. Curago will also feature a photography studio and a meditation chamber.

The unique triple segment tower has been designed by Plus Architecture&nbsp;to define the three different zones of the tower.

[smartcode_project:default project_id=108979 project_image_fid=181109]

Jessica Liew, Plus Director and architect, says the fa&ccedil;ade&rsquo;s open spaces and recesses are highly considered insertions that visually separate Voco South Melbourne and Viv&eacute;re Apartments from neighbouring buildings.

&quot;Viv&eacute;re residential apartments are housed within the top segment and look out to the bay, and the hotel rooms below look towards the gardens,&quot; Plus note.

&quot;Separation between the apartments and hotel rooms is expressed in the vertical and horizontal stacking within each segment, displaying an authentic articulation of construction methods.&quot;

There&#39;s a mix of one, two and three-bedroom apartments, starting from $490,000 and rising to $2.35 million.

[smartcode_project:default project_id=108979 project_image_fid=181109]

Projects by Buxton agents&nbsp;Heath Thompson and Lucia&nbsp;Guselnikov are handling the sales.

BEKL Managing Director Katherine Liu drew on her own experiences, having previously lived above a hotel, informing&nbsp;the seamless function and unique design of the residences and create a lifestyle that illuminates a new way of living.

&ldquo;I had previously lived in an apartment above the Westin and the experience was fantastic,&quot; Liu said.

&quot;I felt very safe and secure knowing there was always someone at the door or lobby to keep an eye on things.

[smartcode_project:default project_id=108979 project_image_fid=180561]

&ldquo;Having access to housekeeping meant we could ask for on-demand home cleaning services, along with dry cleaning and more. The concierge team made living a breeze, from collecting parcels to providing suggestions for new happenings in Melbourne and it&rsquo;s these comforting details that we are excited to offer to residents.&rdquo;

Construction is expected to commence in Q4 2022, with completion slated for early 2025.

Viv&eacute;re on Dorcas will sit in close proximity to the Botanic Gardens and Melbourne&#39;s art precinct, as well as South Melbourne&#39;s variety of restaurants, cafes and museums.

BEKL Managing Director Katherine Liu drew on her own experiences, having previously lived above a hotel

BEKL launch luxury South Melbourne apartments, Vivére on Dorcas 

The Melbourne developer Kincaid has appointed the longstanding Harris HMC to build its Heidelberg West apartment development, Cultivate.

The privately-owned and family-ran company, led by Dale Kennedy&nbsp;since 2006&nbsp;is among one of&nbsp;Australia&rsquo;s top per cent&nbsp;construction companies, having began build​ing in Melbourne back in the mid 1980s.

Having previously completed The Pullman Hotel on Swanston St and the premium 550 Bourke St office tower, Harris HMC currently has a strong workbook of projects, including&nbsp;Penny Lane, the mixed-use commercial residential development for Giancorp in Moonee Ponds, as well as Allison Parkside, 28 boutique two and three-bedroom apartments in Essendon.

They&#39;ve also worked on a $4.6 million fit out of&nbsp;North Melbourne FC&#39;s offices and changing rooms, as well as box suites&nbsp;at Marvel Stadium.

[smartcode_project:default project_id=628 project_image_fid=180701]

They&#39;ll be constructing the dual towers at Cultivate, which is over 50 per cent sold to a good mix of first home buyers, investors and owner occupiers.

Kincaid&rsquo;s development manager Joel Martin said it was a strategic move to engage Harris&nbsp;HMC&nbsp;as the builder&nbsp;for the project. They bring an array of skills to the table given their exposure to commercial, residential and fit out works.

[smartcode_project:default project_id=628 project_image_fid=178983]

&quot;HMC has been doing great work in the construction space for nearly 40 years, delivering very well known projects across the state&quot;, Martin said.

&quot;The team has an expert knowledge of how to create contemporary apartment buildings, and we can&#39;t wait to see Cultivate start rising from the ground.&quot;

[smartcode_project:default project_id=628 project_image_fid=180702]

There will be some movement on site at the end of the year, with construction ramping up fully early next year for its late 2023&nbsp;completion date.

Construction commencement tends to trigger price increase among off th​e plan developments, due to the nature of the progression of the construction and further costs associated.

Currently the apartments, which have interiors designed by DKO&nbsp;start from $369,000.

The two-bedroom apartments at the moment are priced from $479,000, over $130,000 less than Heidelberg&nbsp;West&#39;s&nbsp;median two-bedroom apartment price of $610,000.

[smartcode_project:default project_id=628 project_image_fid=178984]

Cultivate is set to change the face of West Heidelberg, which is sandwiched between the established suburbs of&nbsp;Ivanhoe, Heidelberg and Preston.

The street-level will be revitalized, with retail space at the foot of the buildings, which each have separate and secure entry.

The City of Banyule Council has an extensive redevelopment plan for Bell Street Mall across the road, which will see the mall, dating back to 1956, completely regenerated.

[smartcode_project_cta: project_id=628]

Kincaid development director Joel Martin said it was a no brainer to bring on HMC for the project

Kincaid appoint Harris HMC to build West Heidelberg apartment development, Cultivate

Melbourne apartments values spiked over October, performing&nbsp;as well as the city&#39;s house market&nbsp;over the month, according to the monthly Hedonic Home Value Index by CoreLogic.

Apartment values rose one per cent, their highest rise since CoreLogic&#39;s May report, when there was one per cent gains over the April

Melbourne&#39;s rolling quarterly gains are now at 1.7 per cent,&nbsp;following 0.2 per cent gains over September and 0.5 per cent over August.

[smartcode_project:default project_id=2806 project_image_fid=175415]

Across 2020, Melbourne apartment values were flat, and so far in 2021 they&#39;ve grown 7.8 per cent, to a new median $621,000. The median at the start of the year was $576,000.

It&#39;s another month of gains for Melbourne apartments, which haven&#39;t seen a decline in 2021 despite the continued shutdown of immigration due to border closures.

The narrowing gap between house and unit performance comes as house affordability reaches record levels. Over October, that gap only widened across Sydney and Brisbane, with all the rest of the capitals seeing units either perform better, or the same, as houses over the period.

[smartcode_project:default project_id=2929 project_image_fid=137895]

&ldquo;As housing becomes less affordable, we expect to see more demand deflected towards the higher density sectors of the market,&quot; CoreLogic&#39;s research director, Tim Lawless, said.&nbsp;

&quot;House prices continue to outpace wages by a ratio of around 12:1,&quot; Lawless noted.

&quot;This is one of the reasons why first home buyers are becoming a progressively smaller component of housing demand.&quot;

[smartcode_project:default project_id=1260 project_image_fid=177965]

Lawless&nbsp;expects the flick to higher density&nbsp;to occur most prevalently&nbsp;in Sydney than anywhere else in the country. The gap between the median house and unit value is now nearly $500,000. In Melbourne it&#39;s around $350,000. Melbourne&#39;s house median was $972,000 after the one per cent October gains.

&quot;With investors becoming a larger component of new housing finance, we may see more demand flowing into medium to high density properties,&quot; Lawless added.

&quot;Investor demand across the unit sector could be bolstered as overseas borders open, which is likely to have a positive impact on rental demand, especially across inner city unit precincts.&rdquo;

National rents were up 0.7 per cent&nbsp;in October, roughly equivalent to the September&#39;s 0.6 per cent rise.

Apartment values rose one per cent, their highest rise since CoreLogic's May report, when there was one per cent gains over the April.

Melbourne apartment insights: What happened to Melbourne apartment values over October?

Sales in Voyager, the apartment tower in Mirvac&#39;s Yarra&#39;s Edge precinct in Melbourne, have taken off in 2021.

The first half of 2021 saw 20 per cent more sales in the recently completed building compared to the same time last year, with&nbsp;owner-occupiers accounting for 78 percent of purchasers over the period.

Mirvac General Manager for Residential Victoria, Elysa Anderson, said buyers were drawn to the luxury apartments, exceptional amenity and beautiful waterfront living Yarra&rsquo;s Edge has to offer.

&quot;Downsizers from regional and interstate locations are looking for a base closer to their families, while experienced local apartment dwellers are seizing the opportunity to upgrade their home and lifestyle at an inner-city location,&rdquo;&nbsp;Anderson said.

[smartcode_project:default project_id=3494 project_image_fid=167751]

The 130-metre Voyager tower features interiors and architecture by the award-winning Mirvac Design team, including a striking bronzed curved fa&ccedil;ade that reflects the changing lights of the sun as it moves on its daily journey, creating a gateway to Melbourne from the Bolte Bridge.

Comprising 310 apartments including artist and home-office apartments, luxury residences and Sky Residences, Voyager currently has a limited number of one, two&nbsp;and three-bedroom residences available, starting from $601,500.

Voyager residents have access to an inspiring art gallery in the striking lobby, along with an exclusive residents-only rooftop space on level 43, the first of its kind in the precinct.

[smartcode_project:default project_id=3494 project_image_fid=180328]

The rooftop includes three distinct zones &ndash; a social barbecue area with indoor and outdoor dining, a lawn for contemplative practice such as yoga, and an open-air lounge with fire pit for relaxing and socialising. It also features a bar, theatre, and karaoke room.

&ldquo;Mirvac&rsquo;s unique end-to-end in-house capabilities have allowed us to effectively navigate the challenges associated with the COVID-19 construction restrictions to complete this next chapter in the development of Yarra&rsquo;s Edge on schedule,&quot; Anderson noted.

&quot;Our customer-first approach enabled us to remain flexible, with a number of purchasers choosing to amalgamate apartments to form larger residences, and we are pleased to be welcoming the first residents into this incredible precinct with some requesting to settle early.&rdquo;

[smartcode_project:default project_id=3494 project_image_fid=180330]

Voyager is walking distance to state-of-the-art health and fitness facilities available at the nearby Wharf Club, which boasts a pool, spa, steam room, gym, fitness facilities and caf&eacute;, all housed underneath and grass roof that flows into Wharf&rsquo;s Landing Park &ndash; a 1,500 sqm&nbsp;green open space.

A 1,000 sqm retail hub is also proposed for the precinct, which is anticipated to service both the local community and the broader Fishermans Bend and Docklands catchment area.

Over 3000 residents already call Yarra&#39;s Edge home.

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The 130-metre Voyager tower features interiors and architecture by the award-winning Mirvac Design team

Demand spikes in 2021 for Mirvac's  recently completed Yarra's Edge apartment tower, Voyager, now 82% sold

Mirvac&#39;s ninth tower, in its award-winning Yarra&#39;s Edge community in Melbourne, is hoping to be more tailored to the owner-occupier.

The ASX-listed national property developer are proposing to reconfigure&nbsp;the apartment layouts to drop the number of apartments. The yet-to-be-named Tower Nine&nbsp;is set to be the tallest apartment building in the precinct.

There will now be one extra level, taking the number of levels to 45. That has brought in an extra three bedroom apartment on that level, after the rooftop plan and equipment space was rationalised.

Mirvac has dropped the number of apartments, from 222 to 191, creating larger apartments to meet the latest&nbsp;Apartment Design Guidelines and market expectations. &nbsp;&nbsp;

&quot;We have generally increased the size of the apartments throughout the building, catering more towards larger apartments for the owner occupier market,&quot; a Mirvac spokesperson told Urban.

There will now be 50 one-beds, taking up 27 per cent of the building, and 80 two-bedroom apartments, which make up the bulk of the building of 44 per cent. Now the three-bedroom plus apartments has 29 per cent of the building.

<img alt="" height="2077" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mirvac_tower_9_yarras_edge.jpg" width="1200" /> 
An artist impression of Tower Nine. Image supplied

Mirvac General Manager for Residential Victoria, Elysa Anderson, says that the tower 9&nbsp;visioning and subsequent planning application follows the success of Voyager, the most recently completed apartment tower in Yarra&#39;s Edge, as well as buildings Phoenix, Folia and FORME at Apartments of Tullamore in Doncaster.

&ldquo;We are seeing continued resilience in the Melbourne property market, with Voyager receiving strong demand from owner occupiers for quality apartments, supported by exceptional amenity,&quot; Anderson said.

&quot;We plan to launch the highly anticipated tower 9 building in the second half of 2022 and expect it will continue to attract purchasers searching for luxury apartments at the premium end of the market.

&ldquo;This spectacular building is planned to rise from the bank of the river creating a new legacy for Yarra&rsquo;s Edge and a new icon on Melbourne&rsquo;s skyline, with its enviable location at the end of the Collins Street axis.

&quot;The building will deliver an experience that fuses the future of luxury living in harmony with lush green tranquil spaces, connecting residents with nature and promoting a sense of health and wellbeing.

&quot;The design and luxury specification of tower 9 will transcend that of any of the award-winning towers that have come before it at Yarra&rsquo;s Edge,&rdquo;&nbsp;Anderson.

Mirvac Head of Residential, Stuart Penklis, says that tower 9 reinforces Mirvac&rsquo;s confidence in the Victorian apartment market as the state looks to ease restrictions further over the coming months.

&ldquo;Mirvac is focused on accelerating our supply of high-quality apartments in Victoria as we anticipate there will be a shortage of owner occupier residences in premium locations in the future,&quot; Penklis said.

&quot;The strength of the established housing market and the opening up of international borders will continue to drive very strong demand for well-designed and quality constructed apartments just like Voyager and tower 9,&rdquo;

Mirvac&#39;s latest tower completion in Yarra&#39;s Edge is Voyager, the 130-metre, 43-level tower of 310 apartments.

[smartcode_project:default project_id=3494 project_image_fid=180330]

Sales at Voyager increase by 20 percent in the first half of 2021 compared to the same time last year, with owner-occupiers accounting for 78 percent of purchasers over that period.

The tower features interiors and architecture by the award-winning Mirvac Design team, including a striking bronzed curved fa&ccedil;ade that reflects the changing lights of the sun as it moves on its daily journey, creating a gateway to Melbourne from the Bolte Bridge.

[smartcode_project_cta: project_id=3494]

The ASX-listed national property developer are proposing to reconfigure the apartment layouts to drop the number of apartments

Mirvac tweak ninth apartment tower design in Melbourne's Yarra's Edge

Mirvac has provided an update on sales in its Forme apartment building within its highly sought-after Tullamore community in Melbourne&rsquo;s eastern suburbs.

The recently launched project has seen 28 percent of its Doncaster apartment sold since July.&nbsp;

Set within the tranquil former 47-hectare Eastern Golf Course in Doncaster, Forme will feature 93 residences at 57 Stables Circuit.

Mirvac head of residential, Stuart Penklis, noted, in releasing its first quarterly operational update for the financial year 2022, that Forme ranked among the major apartment releases underpinning Mirvac&#39;s future earnings.

[smartcode_project:default project_id=100322 project_image_fid=163035]

Forme is the final stage at their apartments of Tullamore project in Doncaster.

Penklis says that Forme is an evolution of apartments of Tullamore&rsquo;s earlier successful apartment buildings, Phoenix and Folia.

He&#39;d previously advised apartments of the Tullamore buildings had achieved strong sales with notable interest from owner occupiers looking to downsize from larger family homes.

Forme features generous floorplans, with apartments spanning seven levels and ranging from 51 square metres to 179 square metres in size.

[smartcode_project:default project_id=100322 project_image_fid=163028]

Designed by Mirvac&rsquo;s in-house design team, the residences are available in one, two, three and four-bedroom configurations.

Apartments will be available in two luxury colour schemes, with wool blend carpets, timber look joinery, brushed nickel tapware, reconstituted stone benchtops, Villeroy and Boch sanitaryware and Miele appliances.

Landscape architect Paul Bangay has curated the project&rsquo;s sculptured gardens with more than 20 per cent of Tullamore is devoted to green open spaces, including pocket parks, adventure playgrounds, undercover barbecue and picnic areas.

[smartcode_project:default project_id=100322 project_image_fid=167733]

Future Forme residents will also have access to the Stables Provedore Caf&eacute;, as well as the multi-million-dollar Next Gen Health &amp; Lifestyle Club, complete with indoor and outdoor pools, tennis courts, restaurant dining, a private spa and creche facilities.

Located just 13 kilometres east of Melbourne&rsquo;s CBD, residents will be close to an array of high-quality amenity, including shopping, education and local transport hubs.

Its completion is scheduled for the end of 2022.&nbsp;

[smartcode_project_cta: project_id=100322]

Construction of FORME is expected to see completion at the end of 2022

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