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

Joel Robinson

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

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

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

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214444]

The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

[smartcode_project:default project_id=138718 project_image_fid=214435]

For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

[smartcode_project:default project_id=138718 project_image_fid=214432]

Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

[smartcode_project:default project_id=138718 project_image_fid=214452]

With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

[smartcode_project_cta:default project_id=138718]

Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Without local developer <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, it could be argued that the small suburb of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> would be left behind when it comes to both new housing and retail opportunities.

Gardner Vaughan, one of South East Queensland’s most reputable builder-developers, has been based in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> for the last decade. They plan to maintain their presence in the northern <a href="https://www.apartments.com.au/developments/brisbane-qld">Brisbane</a> suburb, just seven kilometres from Brisbane Airport and nine kilometres from the city, with the development of <a href="https://www.apartments.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah-qld-4012">Danby Lane</a>, the first major project in several years in the heart of the town centre.

GVG will retain one of the commercial spaces in the new mixed-use building for their office headquarters. It will be located in the commercial podium, alongside several other new office spaces. Below will be a street-level retail precinct designed to reinvigorate the local economy, and above, 84 brand-new apartments.

[smartcode_project:default project_id=112531 project_image_fid=320114]

Over 60 percent of the apartments have already been snapped up, with buyers eager to secure one of the rare new apartments in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, as well as to benefit from Gardner Vaughan’s solid reputation and long-standing presence in the local community.

[smartcode_project:default project_id=112531 project_image_fid=320117]

Gardner Vaughan identified the site at the corner of Buckland Road and Danby Lane for its proximity to key amenities. Within 400 metres of the development, <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Village offers a variety of cafes, restaurants, and pubs. <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Train Station, just 400 metres away, provides a quick 20-minute train ride into Roma Street.

The development has also attracted young families, drawn to the proximity of not one, but twelve parks, with Boyd Park and Oxenham Park being the most notable. Established families have shown interest due to the close proximity of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> State School and Mary MacKillop College.

The one- and two-bedroom apartments in the building have already been snapped up, while the larger three- and four-bedroom apartments—ranging from a generous 117 sqm to nearly 200 sqm—remain highly sought after. There are also just three exclusive luxury penthouses left to sell.

With its in-house construction capability, Gardner Vaughan has already commenced construction on-site and expects to complete the building by March 2027. It's hard to see another opportunity to buy brand new in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, where creating a site anywhere near the scale of the Danby Lane is becoming more and more difficult.

[smartcode_project_cta:default project_id=112531]

Why Danby Lane is the focal point for change in Brisbane's Nundah

<a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a>’s flagship townhouse development, Citrine Townhomes in <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a>, has reached another key construction milestone, with the first stage of townhouses now in the defects phase.

All building works for Stage 1 are complete, with the internal roads asphalted, line marking finished, and the bin store slab poured.&nbsp;All essential services, including permanent power, sewer, gas, and water, are now connected and operational.

The defects process is expected to continue until late-August.

<img alt="Citrine Townhomes, Rochedale" data-entity-type="file" data-entity-uuid="f48ad1d8-7bb2-424a-a378-2caa4d34c27d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/017%20-%20%20ROLLEY%20PHOTO%20MEDIA%20%20%20-24072025.jpg?VersionId=o5BC3LgYTwxcufsjldO8mkPww3gix1NC" />

Stage 2 is also moving forward steadily, with all townhouses sheeted, the first coat of paint applied, and joinery installed throughout. Tiling has been completed on six of the seven blocks, and the pool is scheduled to be pebblecreted by the end of August.

Stage 3 continues to gather momentum, with external cladding completed on three of the eight blocks. All townhouses have been fully roughed-in for electrical, plumbing, and air conditioning, and the first two blocks have now progressed to internal sheeting.

Stage 1 and 2 are 100 per cent sold and there are now just 10 four-bedroom townhomes left in Stage 3, priced from $1,125,000.

[smartcode_project:default project_id=136295 project_image_fid=211]

Residents at <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> can also look forward to high-quality shared amenities. The residents' facility will feature a pool, landscaped areas, and a BBQ space, contributing to a lifestyle-focused community environment.

Metro’s fully furnished display home has generated strong interest locally, reinforcing the market’s confidence in the project. Stage 1 and 2 are completely sold out and Stage 3 has officially launched and is selling fast. Just 10 townhouses remain for sale in the development.

[smartcode_project:default project_id=136295 project_image_fid=273134]

The broader Citrine development comprises 90 three and four-bedroom townhomes designed across two to three levels, offering a contemporary contrast to Rochedale’s surrounding single-family homes.

Located just 17 km from Brisbane CBD, Citrine is within walking distance to schools, parks, and the popular Rochedale Village, home to Coles, medical services, and dining options.

Metro Property Group remains on track for project completion, with settlements forecast for Stage 1 in October/November 2025, Stage 2 in November/December 2025, and Stage 3 in January/February 2026.

[smartcode_project_cta:default project_id=136295]

First stage of townhouses at Citrine Rochedale reaches completion milestone

Meriton

Apartment giant <a href="/developers/meriton">Meriton</a> has recently launched the initial phase of <a href="/new-apartments/cielo">Cielo</a>, their new <a href="/new-apartments/epping-nsw-2121">Epping apartment development</a>.

It comes nearly two years after <a href="/developers/meriton">Harry Triguboff's Meriton</a> submitted plans for <a href="/new-apartments/cielo">Cielo</a> at&nbsp;37-41 Oxford Street, having acquired the Cambridge Office Park from the Goodman Group.

The Goodman Group had had architecture firm Cande​lapas put together plans to redevelop the vast 4,970 sqm site, which also homes a tennis court, however Meriton called on&nbsp;Nicholas Bandounas, principal of urban design at Scott Carver who is also designing part of the Australian War Memorial,&nbsp;put together plans for a 30-level mixed-use tower with a six-level basement.

The biggest amendment to the DA was to include a childcare centre on the lower levels. That will sit alongside two retail shops and a versatile community room - managed by a dedicated building manager.

<a href="/new-apartments/cielo">Cielo</a> will become <a href="/new-apartments/epping-nsw-2121">Epping's tallest tower</a> when completed in late 2025. The 29-level tower with views&nbsp;to the Sydney CBD, Macquarie Park, and the surrounding National Parks, will home 215 one, two and three-bedroom apartments.

Read more:&nbsp;<a href="/news/nsw/meriton-set-for-new-epping-apartment-tower">Meriton set for new Epping apartment tower</a>

[smartcode_project:default project_id=14702 project_image_fid=236021]

An impressive double-height lobby heralds a grand arrival for residents. All apartments have square functional layouts, with most enjoying corner positions and only one common wall for optimal views, light, and privacy.

Every living space features floor-to-ceiling windows to provide a constant connection to the outside surroundings and superior thermal and sound protection in combination with reverse-cycle air conditioning.

[smartcode_project:default project_id=14702 project_image_fid=236017]

The kitchens are fitted with premium BOSCH appliances, sustainable LED downlights, and water-saving fixtures.

Lift access will take residents to secure underground parking and separate lock-up storage, a rare commodity in the Sydney apartment market.&nbsp;

All car spaces are designed and provisioned to be fitted with an EV charger at an affordable cost.

Residents will have access to extensive amenity in the form of an outdoor pool, set amid landscaped gardens on the ground floor. On this level there's also a spa, barbecue pavilion,&nbsp;kids playground, indoor gym and a sauna. Residents can also take in the sweeping views Cielo offers from the level 26 rooftop garden.

[smartcode_project:default project_id=14702 project_image_fid=236018]

<a href="/new-apartments/cielo">Cielo</a> is just a four-minute walk to the <a href="/new-apartments/epping-nsw-2121">Epping</a> Metro Station, providing direct routes to Macquarie University in four minutes, Chatswood in 13 minutes, and regular services to the Sydney CBD every 15 minutes.

<a href="/developers/meriton">Meriton</a> offers homebuyers the option of property financing with a three-year fixed interest rate at 4.5%*(TAP), covering up to 90% of the purchase price without the need for valuation. Loans are pre-approved, ensuring homebuyers secure financing upon completion.

<a href="/new-apartments/cielo">Cielo</a> is expected to be completed in late 2025.

<a href="/new-apartments/cielo">Cielo</a> represents a return to <a href="/new-apartments/epping-nsw-2121">Epping</a> for <a href="/developers/meriton">Meriton</a>. Eight years ago they completed Eppi​ng Park, their largest northern district project with 800 apartments across the 17 building precinct.

*Contact Meriton for property financing

[smartcode_project_cta:default project_id=14702]

Cielo will become Epping's tallest tower when completed in late 2025.

Urban Editorial

Meriton launch Cielo, Epping's tallest apartment development

Meriton are in the midst of developing what will be one of the tallest suburban structures in the country.&nbsp;

The Harry Triguboff-led development group are currently building Trilogy, a three-tower Macquarie Park project where the tallest building will soar 59 levels.&nbsp;

Situated on a premier island site adjacent to the Lane Cove National Park, Trilogy offers an ideal location just a stone's throw away from the bustling Macquarie Park Business Centre, the second-largest business district in New South Wales.

[smartcode_project:default project_id=89861 project_image_fid=209653]

There are a mix of one, one plus multi-purpose-room, two, three and four-bedroom apartments, with 70 percent of them to occupy a coveted corner position. Some apartments even feature semi-enclosed balconies, providing the ideal spot to take in the never-to-be-built-out vistas over the National Park, the CBD and surrounding district.&nbsp;

Residents can relish a host of amenities within the central podium garden, such as a barbecue pavilion, kids' nature play space equipped with state-of-the-art equipment, community gardens, and an outdoor fitness station.

Locking in today's price is an appealing prospect for buyers, ensuring protection against potential future construction cost increases. Moreover, Meriton Finance approval before the exchange guarantees a smooth settlement process.

[smartcode_project:default project_id=89861 project_image_fid=209652]

Meriton Property Finance offers a fixed interest rate of 5.5 per cent for three years, with up to 90 per cent financing of the purchase price and no valuation required.&nbsp;

First home buyers are also exempt from paying Stamp Duty on properties under $800,000, with a partial duty applicable for properties priced between $800,000 and $1 million.

Adding to the allure, Trilogy also presents a vibrant new retail destination, complete with restaurants, cafes, and a 120-place childcare centre.

[smartcode_project:default project_id=89861 project_image_fid=209651]

The development's impressive double-height lobbies welcome residents and visitors, while the provision of bicycle parking showcases a commitment to sustainable and eco-friendly living.

Trilogy ensures convenience with a dedicated onsite building manager, high-speed smart lifts, parcel lockers, and the option to upgrade car spaces with affordable EV car chargers.

Meriton's commitment to sustainable living continues with the provision of cheaper energy through Meriton Energy and individual smart water meters, maximising savings for residents.

Trilogy is slated for completion in 2025.

[smartcode_project_cta:default project_id=89861]

The Harry Triguboff-led development group are currently building Trilogy, a three-tower Macquarie Park project where the tallest building will soar 59 levels

alisonwarters@gmail.com

Meriton reach for the sky at Trilogy, Macquarie Park apartment development

Ocean by Meriton, a 76-storey tower, stands as one of the tallest beachside projects in the area.

And the opportunity has arisen at the SJB-designed tower for the apartments on the higher levels. The tower is so tall that the levels were sold in stages.

There are 408 apartments in Ocean, which start from level 33. They sit above levels of Meriton Suites.

The final release is for apartments between 58-72, which will offer sweeping, never-to-be-built-out views from all aspects. The tower soars above neighbouring buildings, dominating the skyline by at least 40 storeys. It's the second tallest tower on the Gold Coast, only behind Q1.&nbsp;

[smartcode_project:default project_id=7974 project_image_fid=209632]

To the north, Main Beach and the Marina Mirage unfold in all their splendour, while towards the east, the expanse of the Pacific Ocean stretches out. To the south, the vibrant Surfers Paradise skyline adds a touch of dynamic energy, while the western views reveal the meandering canals of the Gold Coast, leading the gaze towards the lush hinterland rainforests.

The exterior stands as a testament to architectural brilliance, reflecting sunlight, while once you step inside the double-height lobby, residents and guests are enveloped in an atmosphere of grandeur.

The interiors of the apartments exude a sense of spaciousness and sophistication, adorned with refined materials, lavish fixtures, and fittings. Surrounding the premises, lush landscaping adds a touch of natural beauty, creating an oasis of serenity within the bustling cityscape.

[smartcode_project:default project_id=7974 project_image_fid=209632]

Situated on the doorstep of the Cypress Avenue Light Rail station, transportation is readily accessible, enabling residents to effortlessly explore the Gold Coast and beyond. Moreover, Coolangatta Airport is a mere 30-minute drive away, ensuring seamless connectivity with the rest of the world.&nbsp;

The development also offers an array of exclusive amenities to enhance residents' lifestyles. On level 33, a resident-only sky pool and gym await, providing not only a space for fitness but also sweeping views.

Level 5 boasts a beach club podium, a haven for relaxation and socialising, where residents can unwind amidst the breathtaking beach backdrop.

[smartcode_project_cta:default project_id=7974]

There are 408 apartments in Ocean, which start from level 33. They sit above levels of Meriton Suites

Meriton's Ocean Surfers Paradise project over 85% sold as top of the tower apartments get released

Meriton has released a new collection of apartments in their Zetland development, Allegra, which offers parkside living with never-to-be-built-out views.

Nestled alongside the picturesque Gunyama Park, the new residential complex comprises four buildings of varying heights, ranging from six to 13 levels, all overlooking a vibrant retail precinct.

Lower-level apartments provide a serene outlook onto Gunyama Park's lush greenery or the internal landscaped gardens, while the upper-level units offer views of the CBD skyline and the coastline.

[smartcode_project:default project_id=25281 project_image_fid=209639]

Boasting some of the largest layouts in the area, the development features spacious one, one plus MPR, two and three-bedroom apartments. In addition, Allegra presents a collection of 11 three-to-four storey terrace homes, each equipped with a private internal lift.

The terrace homes are constructed with full concrete forms and feature an external brick facade, exemplifying a commitment to quality and durability.

Parking and storage are not overlooked in this development. Many apartments enjoy the convenience of direct lift access to secure underground parking, coupled with separate lock-up storage spaces. This offering is a rarity in the Sydney apartment market, enhancing both convenience and peace of mind for residents.

The development is being completed in two stages. The first stage has already been finalised, as have the townhouses, with the second stage set to be completed in September 2023.

[smartcode_project:default project_id=25281 project_image_fid=209638]

Meriton Property Finance, the financial arm of Allegra Residences, is offering attractive options for prospective buyers. With a fixed interest rate of 5.25 per cent (subject to approval), buyers can secure financing for up to 90 per cent of the purchase price without requiring a valuation. The unique pre-approval process guarantees buyers finance upon completion, providing added certainty in the purchase process.

There's also an exclusive investor offer includes a tenant guarantee upon settlement, further enticing those considering investment opportunities.

The development encompasses a range of key features aimed at providing residents with an exceptional living experience. These include superior thermal and sound protection through engineered performance glazing and acoustically rated internal wall systems, ensuring both privacy and comfort.

The amenities available to residents include an indoor aquatic centre with a heated pool, spa, and sauna, as well as a fully equipped gym. Communal gardens, barbecue pavilions, open lawns, and bicycle parking further enhance the community feel. The My Parcel Locker system streamlines package deliveries, while a dedicated onsite building manager caters to all property-related needs.

[smartcode_project:default project_id=25281 project_image_fid=209635]

The development incorporates various energy-saving initiatives, resulting in cheaper energy costs for residents. Individual smart water meters are also in place to maximise savings, further exemplifying Meriton's commitment to sustainable living.

Located in a highly sought-after area, Allegra Residences offers convenient access to various amenities and transport options. Onsite retail spaces facing Epsom Road and Gunyama Park provide added convenience for residents.

The Gunyama Park Aquatic and Recreational Centre is a mere 10 metres away, offering recreational opportunities on residents' doorsteps. Bus services to the CBD are easily accessible at a distance of 220 metres, and the East Village Shopping Centre is just 900 metres away. Green Square Train Station provides efficient transportation options, with a distance of 900 metres.

[smartcode_project:default project_id=25281 project_image_fid=209637]

The development's proximity to Sydney Airport, just 3.9&nbsp;kilometres and the Sydney CBD, only four kilometres away, further enhances its appeal.

For families, Allegra offers proximity to several educational institutions. Green Square School is conveniently located just 1.2 kilometres away, while Kensington Public School is within a short distance of 1.8 kilometres. For higher education, renowned institutions such as UNSW, the University of Sydney, and UTS are easily accessible, making Allegra an ideal choice for students and academics.

[smartcode_project_cta:default project_id=25281]

Lower-level apartments provide a serene outlook onto Gunyama Park's lush greenery or the internal landscaped gardens, while the upper-level units offer views of the CBD skyline and the coastline.

Meriton's Allegra Zetland apartments take centre stage near Gunyama Park

Billionaire Harry Triguboff's Meriton is continuing its rapid expansion across the heart of the Gold Coast.

They're set to add another 1,000 apartments to the Surfers Paradise skyline, lodging&nbsp;plans for their fourth, fifth and six towers in the heart of the tourist district in recent years.

It will be Triguboff's 21st high-rise development on the Gold Coast, having first visited the now thriving tourist mecca six decades ago.

“I have loved the Gold Coast since my first visit in the 1960’s, and after all my travels internationally, I still believe the Surfers Paradise beachfront is one of the best in the world," Triguboff says.

“I have been very passionate about designing and delivering buildings that are in tune with the ocean and the golden beach that is just metres away.”

Following on from Ocean and the two-tower Iconica both on The Esplanade, Meriton will add a further three towers in their new development Cypress, at&nbsp;3346 Surfers Paradise Boulevarde, on&nbsp;top of the Cypress Ave G-Link light rail.

The nine site, 8083 sqm amalgamation spreads across Surfers Paradise Boulevarde, Palm Avenue, and Cypress Avenue, the latter which inspired the project name.

Cypress will sit one street away from Gurner's DA-approved LA Pelago and two streets from SPG's DA-approved Paradiso Place.

<img alt="Cypress" data-entity-type="file" data-entity-uuid="e9b89d99-c173-489d-9e44-ca0b8182f957" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-20%20at%204.04.11%20pm_0.png?VersionId=5jsv8prADyG49yqZ6VMF19wZ.uNJ96D7" />

Triguboff says, recalling on some of his earliest developments, that he didn't think he'd ever be able to purchase a site like this one.

“Meriton’s first Gold Coast towers were Florida in Surfers Paradise and the Nelson at Paradise Waters at the start of the 1980’s, almost 40 years ago," Mr. Triguboff says.

"Xanadu in the late 1990’s and Pacific Views in 2002 on the western side of Main Beach Parade that overlooked the Pacific Ocean continued our high-rise love affair with the Gold Coast.

"Little did I know that one day I would have the opportunity to purchase a site that is so dear to me, arguably the most central land in Surfers Paradise and design a trilogy of the country’s tallest towers."

There will be 994 apartments across the 73 and 80-level towers. The smaller 53-level tower will home 327 serviced apartments. Each of the three towers feature a rooftop garden with a pool and a gym space.

Meriton had DBI, who designed their Iconica project nearby, have taken the architectural reigns for Cypress.

They said in their design statement submitted to the Gold Coast City Council that the design of the three towers aims to create a bold and iconic presence as a gateway site to the Gold Coast CBD, while incorporating subtropical principles and street activation.

"The integration of the design elements creates a unique and vibrant addition to the Surfers Paradise skyline, creating a landmark destination for both residents and visitors," the local architecture firm noted.

"The towers are designed to maximize the potential of the site, with careful consideration given to the orientation, views and access to natural light and ventilation."

<img alt="Meriton Cypress" data-entity-type="file" data-entity-uuid="9eaf9adc-9405-4185-94c9-c013c4d3a57b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-20%20at%204.13.33%20pm.png?VersionId=b2HAs.i6LO4m6HqFJYvWZfjsjY9oRBJw" />

DBI said one&nbsp;of the key design features of the towers is the slab projection facing the streets, which creates a strong visual connection with the surrounding urban fabric.

"This design element not only provides shading and environmental control to the towers but also creates a sense of scale and texture, breaking down the massing of the towers and providing a human scale to the development."

"A golden spine acts as a unifying&nbsp;element that ties the towers together, providing a strong visual presence on the skyline. The spine is also designed to provide shading and environmental control to the towers, while also serving as a sculptural element that adds to the overall aesthetic and elegance of the development."

The five-level podium engages with the street level and will feature a mix of retail, dining, and entertainment spaces.

There's an elevated pool on level six, designed in a lagoon style to take advantage of the subtropical climate.&nbsp;

<img alt="Meriton Cypress" data-entity-type="file" data-entity-uuid="98ddf66c-a213-4ad9-82de-b510b9722c55" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-20%20at%204.13.41%20pm.png?VersionId=H.7MZ8g2O45FNyMwQjYtbdB4TkNNfU7m" />

"The sculptural elements of the podium create a cohesive design language throughout the development, adding to its elegance and sophistication," DBI added.

"The towers are deeply rooted in subtropical principles, with careful consideration given to sun and wind orientation, thermal mass, natural ventilation, and shading. The towers are designed to provide a comfortable and sustainable living environment for residents and guests while minimizing their environmental impact."

Meriton have long had a reputation as one of the most prominent developers across New South Wales. Their most recent developments near the Glitter Strip have been Ocean by Meriton at 84 The Esplanade, a soaring 76-level tower with 722 apartments. That's now 85 per cent sold, with just 40 apartments remaining in the completed project.

Down the road they more recently launched ICONICA by Meriton, a further 637 apartments across two&nbsp;50 and 70-levels at 152 The Esplanade. Works recently began on the prime site opposite the beach.

They've just lodged plans for their fourth, fifth and six towers in Surfers Paradise, part of a three-tower development at 3346 Surfers Paradise Boulevarde.

First look exclusive: Meriton propose three-tower Surfers paradise apartment development, Cypress

The national development giant, Meriton, has been given the green light to commence with one of the next stages of their&nbsp;Pagewood Green&nbsp;masterplan.

The Bayside Council signed off on the development of 42 three and four-bedroom townhouses, a handful with their own granny flats.

The townhouses have been designed by PTW Architects and&nbsp;will range in size from 116 sqm to 172 sqm.

<img alt="" height="940" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-16_at_2.24.13_pm.png" width="2006" />

Meriton recently launched Uccello,&nbsp;a mix of one, two, three and four-bedroom apartments in the 16 hectare masterplan.

Designed by SJB Architects, Uccello&rsquo;s towers will rise 20 levels above the brand new Pagewood Centro retail precinct, which will form the Town Centre, offering 23 specialty stores, a major national supermarket and an open-air laneway lined with restaurants.

Boasting the tallest towers in Pagewood and Eastgardens, bookended by two expansive parks, Uccello sits adjacent to the newly completed 8,000 sqm Central Park, which features a basketball court, outdoor gym, state-of-the-art kids&rsquo; playground and barbecue facilities, as well as the future 2,700 sqm Community Park.

Within the towers, the landscaped podium garden is home to a range of residential amenity including an outdoor resort-style 20-metre pool, a spa, sauna, indoor gym, and a barbecue pavilion.

<img alt="" height="1036" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-16_at_2.24.06_pm.png" width="1776" />

Crowning Uccello is the rooftop garden, encompassing sweeping views of the neighbouring eastern suburbs and city beyond.

Four onsite childcare centres are proposed for the Meriton development, as well as electric car charging provisions, MyParcel locker systems, carwash bays and a dedicated onsite building manager, available to cater to all the residents&rsquo; and property needs.

The Eastgardens project benefits from an onsite bus stop, with direct services to Bondi Junction and Kingsford Light Rail Station.

The Eastgardens Westfield bus interchange is only next door, with the residences also enjoying proximity to Maroubra Beach, the University of NSW and the Prince of Wales Hospital all just around three-kilometres away.

[smartcode_project_cta: project_id=109442]

The first stage of the masterplan, Uccello, a mix of one, two, three and four-bedroom apartments across two towers, launched recently.




Meriton secure approval for townhouse stage at Pagewood Green masterplan

In the space of a few weeks, Harry Tri​guboff&#39;s apartment developer giant, Meriton, has lodged another development proposal for a massive project west of the Sydney CBD.

Following an <a href="/news/nsw/meriton-set-for-new-epping-apartment-tower">application for a 30-level apartment tower&nbsp;in Epping</a>, Meriton is set to create a new mixed-use development on a 2.7 hectare site in Carlingford, just outside of Parramatta, that was bought for&nbsp;$68.5 million last year.

The proposal for&nbsp;263-2​81 Pen​nant Hills Road will see six buildings&nbsp;built, varying between seven and 11 levels, with 629 residential apartments created across the towers. There will be a mix of one, two, three and four-bedroom apartments.

<a href="/new-apartments/the-carling-263-pennant-hills-road-carlingford"><img alt="" height="849" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/meriton_carlingford_3.jpg" width="1200" /></a>

The plans also include a 110 occupant child care centre, two key residential amenity areas, both with a private pool and gym, and retail space&nbsp;for 17 small tenancies.

The&nbsp;design statement submitted to the Parramatta Council, signed off by Fender Katsalidis director Rob Mirams, suggested that&nbsp;the proposed masterplan is a contextual response focused on providing urban amenity to the Carlingford precinct.

&quot;The proposal is is for a highly considered series of buildings sitting comfortably within a coherent masterplan,&quot; the statement read.

<a href="/new-apartments/the-carling-263-pennant-hills-road-carlingford"><img alt="" height="665" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/meriton_carlingford_2.jpg" width="1200" /></a>

&quot;The external context of the site has informed the organisation of the built form and is also what defines the open spaces between buildings. Pedestrian pathways are created to connect the different precincts around the site. By shifting the mass of the built form away from pedestrian desire lines, public spaces have been created. The public domain forms the strength of the masterplan and a public forecourt is the nexus of this public domain.&quot;

The statement also&nbsp;noted that the apartment planning orientates living spaces towards views and daylight, while also providing acoustic buffers from the noise of Penn​ant Hills Rd.

<a href="/new-apartments/the-carling-263-pennant-hills-road-carlingford"><img alt="" height="837" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/meriton_carlingford_4.jpg" width="1200" /></a>

The landscape design has been developed in collaboration with Urbis. With a focus on creating public open spaces, the aim is to bring local residents and the wider Carlingford community into the site.

It&#39;s another development application lodged by Meriton in 2022. They&#39;re wanting to <a href="/news/nsw/meriton-set-for-new-epping-apartment-tower">build 211 apartments across a 30-level tower in Epping</a>.

In December Meriton&nbsp;<a href="/news/qld/exclusive-first-look-meriton-lodge-plans-for-meriton-pacific-surfers-paradise-beachfront-apartments">submitted plans for their second Gold Coast project</a>.&nbsp;Dubbed Pacific, the project will see 637 apartments built across the two&nbsp;50 and 70-levels at 152 Esplanade, a 4416 sqm beachfront site on the corner of The Esplanade and Main Beach Paradise which they bought&nbsp;earlier this year.

Fast facts 

- 35 one-bedroom apartments

- 77 one-bedroom plus study apartments

- 312 two-bedroom apartments

- 43 two-bedroom plus study apartments

- 147 three-bedroom apartments

- 15 four-bedroom apartments

- 17 retail tenancies

- 110 occupant childcare centre

"The proposal is is for a highly considered series of buildings sitting comfortably within a coherent masterplan," Fender Katsalidis director Rob Mirams noted.

Exclusive first look: Meriton set for over 600 Carlingford apartments

Harry Trig​uboff&#39;s apartment giant, Meriton, has submitted its first New South Wales development plans for 2022.

They&#39;re set to develop again in Epping, seven years after completing&nbsp;Eppi​ng Park, their largest northern district project with 800 apartments across the 17 building precinct.

Meriton secured the Cambridge Office Park at&nbsp;37-41 Oxford Street, Epping, from the Goo​dman Group, who themselves had plans&nbsp;by&nbsp;Cande​lapas to redevelop the vast 4,970 sqm site which also homes a tennis court

Having settled on the site last year, Meriton had Nicholas Bandounas, principal of urban design at Scott Carver who is also designing part of the Australian War Memorial,&nbsp;put together plans for a 30-level mixed-use tower with a six-level basement.

The biggest amend to the DA was to include a childcare centre on the lower levels.

<img alt="" height="1186" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/37-41_oxford_st_epping.jpg" width="836" /> 
The proposed plans for the tower. Image credit: Scott Carver

The two-level commercial podium will comprise a retail space, a 60 children centre-based child care facility, and commercial office space.

Set privately for residents use on the ground level is a lap pool and spa and an 80 sqm gym, surrounded by lush landscaping.

Above will be 211 apartments, a mix of 43 one-bedroom plus study apartments, 124 two-bedroom units, 42 three-bedroom apartments and just two four-bedders.

&quot;All apartments have been designed with consideration for a high level of comfort for the residents through privacy, solar access, visual outlook, and natural cross ventilation,&quot;&nbsp;Bandounas noted in the design statement submitted to the local council.

&quot;Internal layouts have been designed to maximise living spaces and to create generous open plan layouts. All units have been provided with a private open space off the main living areas, providing access to natural light and ventilation.&quot;

The plans are a continuation&nbsp;of further development of Epping&#39;s Oxford Street, with a recently completed 22-level mixed-use building to the south and a proposal with the Parramatta Council for a 15-level mixed-use tower to the north.

&quot;Epping Town Centre is an area that is currently undergoing a transformation as a result of significant infrastructure investment with the planned Sydney Metro Northwest,&quot; Bandounas added.

&quot;The proposal seeks to be a precedent for future development in the area.

&quot;The development will help define a new context which is envisioned for the area and within which other residential development of a similar scale and height will be built. The proposed seeks to make a positive contribution to the current and future character of the area and to set the standard for future high-density residential building developments.&quot;

Meriton is set to develop again in Epping, seven years after completing Epping Park, their largest northern district project with 800 apartments across the 17 building precinct.



Meriton set for new Epping apartment tower

The apartment giant, Meriton, has lodged plans for its next Gold Coast mixed-use apartment and retail tower.

Dubbed Pacific, the project will see 637 apartments built across the two&nbsp;50 and 70-levels at 152 Esplanade, a 4416 sqm beachfront site on the corner of The Esplanade and Main Beach Parade which they bought&nbsp;earlier this year.

It follows the predominantly NSW developer's first Gold Coast apartment project, Ocean, which is over 65&nbsp;per cent sold. That sits just down the street. Earlier this year, Meriton boss Harry Triguboff signalled his intent on developing away from New South Wales, with a continued effort in Queensland.

There will be 382 apartments in Tower 1, the taller north tower, and 255 in Tower 2, or the south tower.

<a href="/new-apartments/iconica">To follow the project and track its updates, enquire here.</a>

<img alt="" data-entity-type="" data-entity-uuid="" height="680" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/meriton_pacific_2.jpg" width="1200" />

The local architecture firm DBI Architecture designed Pacific, with a&nbsp;focus on creating larger apartments.

"Pacific moves away from smaller unit types to embrace the growing demand for larger apartments," DBI's design statement read.

"The lower residences offer a bedroom mix of one, two and three with the upper residences offering a mix of two, three and four. Both towers are topped by four bedroom sky residences with their own private roof top."

<img alt="" data-entity-type="" data-entity-uuid="" height="982" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pacific_meriton_4.jpg" width="1200" />

DBI say that&nbsp;Pacific is set to deliver a new Iconic building on the Gold Coast skyline.

"This new address will be consistent with the contributions to the foreshore revival started by Soul and the subsequent public work developed by Council.

"The materiality relates to the established Gold Coast natural palette and sophisticated beach lifestyle.

<a href="/new-apartments/iconica">To follow the project and track its updates, enquire here.</a>

"This highly activated ground plane is a sincere attempt at place making, creating a food and retail destination to the less activated stretch of Surfers Paradise.

"The articulated and layered base of the building showcases cascading subtropical seaside landscaped terraces and a sculpted planted awning extending the suspended garden all the way to the ground floor and to the lobby.

<img alt="" data-entity-type="" data-entity-uuid="" height="1030" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/meriton_pacific_main.jpg" width="1200" />

"The walls and planters are cladded with textured stone and the pathways are covered with natural stone, complementing the clean design of the towers and offering an additional layer of sophistication."

The shared podium features beachfront retail and dining terrace facilities and offers extensive glazing and perimeter planting for a softer human scale feel to the street.

The podium is topped by residents’ facilities including lounge, gaming room, a gym, spa, steam room, a 25 metre indoor lap pool, and an outdoor plunge pool surrounded by lush green landscape.

Tower 1, the north tower, will be crowned by indoor amenity with another indoor 25 metre&nbsp;lap pool, another gym, this one with panoramic views, a spa, steam room and another games room.

<a href="/new-apartments/iconica">To follow the project and track its updates, enquire here.</a>

The Pacific puts another two huge towers which are set to change the Gold Coast skyline.

There are the three further approved towers at the four-tower Ruby dev​elopment,&nbsp;ranging from 30 to 60 levels. They were picked up by the Sydney hotelier Jerry Schwarz after it was sold from the collapsed Ra​lan.

GurnerTM picked up Ra​lan's other site, at Budds Beach, and is preparing&nbsp;to launch the first stage of the four-tower La Pelago, which will have nearly 1,000 apartments, next year.

SPG Land's Paradiso Place has another three towers with 792 apartments.

The local architecture firm DBI designed Pacific, with a focus on creating larger apartments

Exclusive first look: Meriton lodge plans for Meriton Pacific, Surfers Paradise beachfront apartments

Harry Triguboff has noted that soaring building material prices posed a risk to other construction companies.

His comments come against the backdrop of Queensland’s Privium Group, the ABD Group in Melbourne and the Hobart home builder Inside Out Construction.

However Mr Triguboff declined to make a prediction on whether more builders would hit the wall, when he spoke yesterday at The Australian Financial Review Property Summit.

“The building costs are going up a lot,” he noted, adding "subcontractors cannot guarantee the price.”

He noted the soaring building costs were making it hard for developers to price apartment projects being sold now for completion in two years time.

Mr Triguboff's company Meriton builds its own projects.

“It’s not a matter of the labour force asking for a 5 per cent increase or 3 per cent increase. Iron ore prices have come down, but the steel has gone up. And it’s going up by a lot, not by 2 per cent – [but by] 10-20 per cent. It’s going up a great deal.”

The debt free Meriton ended the financial year with about $3.17bn worth of investment properties on its balance sheet plus $207m worth of vendor finance loans it has supplied to buyers of its apartments.

Dexus CEO Darren Steinberg and Lendlease CEO Tony Lombardo also raised concerns about rising costs of steel and timber at the summit.

A resumption of immigration and end to lockdowns was crucial, the property executives told the summit.

Harry Triguboff noted the soaring building costs were making it hard for developers to price apartment projects being sold now for completion in two years time

Meriton

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Meriton

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.