<a href="https://www.apartments.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA</a>&nbsp;doesn’t just rise over North Sydney, it redefines it. Now in its final release, <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a>’s $1 billion architectural statement is not just complete, but already reshaping the way people live, connect and dine in this rapidly evolving harbourside CBD.

Positioned beside the new Victoria Cross Metro Station and boasting panoramic views across Sydney Harbour, Aura’s 386 residences crown a mixed-use precinct designed with unapologetic ambition. The curvaceous sandstone-inspired form by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, paired with <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richard Stanisich</a>’s understated interiors, sets a design tone that’s both monumental and intimate.

At its peak, literally, the two penthouses so spectacular they command their own names; La Davina and Il Magnate. The residents are spread across the&nbsp;entire top floor, offering what many consider the most refined residences ever built in North Sydney. Designed by Richard and Kirsten Stanisich, each four-bedroom home is meticulously crafted to evoke calm, space, and permanence.&nbsp;

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/VB70993aG-I?si=adRBlXQliYmYvaSz" title="YouTube video player" width="560"></iframe>

The kitchens are fully wrapped in natural stone, with integrated Gaggenau appliances, Sub-Zero fridges, concealed sculleries, and even a zip hydro tap delivering boiling, chilled and sparkling water on demand. A linear stone fireplace anchors the open-plan living space, dividing lounge and dining zones with quiet sophistication.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=292861]

The master suite, meanwhile, feels more like a private retreat, complete with a custom stone makeup vanity, walk-through dressing area, and spa-inspired ensuite with heated stone floors, a freestanding Villeroy &amp; Boch tub, and timber veneer joinery throughout.

Kirsten Stanisich, Director of Richards Stanisich, said the penthouses offer incredible scale reflective of a single residence.&nbsp;

“We sought inspiration for these remarkable residences from the classic top-floor Parisian apartment," Stanisich said.

"We looked at what made these French apartments so elegant and found it really came down to their scale. It was ultimately this generosity of space that we used for the AURA penthouses, where we’ve designed considered rooms with deep large-scale proportions."

[smartcode_project:default project_id=30959 project_image_fid=310337]

Everyday living at Aura feels no less elevated. A dedicated 24-hour concierge, Technogym fitness centre, sky dining terraces, and a resort-style pool serve a lifestyle designed to rival luxury hotels.

At street level, Aqualand’s own hospitality arm, Etymon Projects, curates a precinct of LA-style bistros, Japanese fine dining, and local wine bars, all seamlessly integrated into the building’s sculptural podium.

[smartcode_project:default project_id=30959 project_image_fid=310337]

This final chapter, aptly dubbed The Finale, is more than a sales phase, it’s an invitation to two of the most exclusive apartments ever to be built in North Sydney.

With limited residences remaining, buyers can access curated incentives including stamp duty rebates, rental guarantees, legal fee coverage, and even $20,000 towards dining within the precinct.

From generous one-bedders to The Icons, two singular penthouses priced well into prestige territory, Aura’s offerings reflect a scale and calibre rarely seen in urban Sydney. And with move-in now immediate, this is no longer a promise of future luxury. It’s happening.

[smartcode_project_cta:default project_id=30959]

Staff Writer

Aqualand unveils penthouse collection at AURA By Aqualand in North Sydney

There’s no sign of the development wave that began several years ago slowing along Old Burleigh Road.

Around 10 new apartment developments are either underway or preparing to launch along the 800-metre strip stretching from the southern edge of Surfers Paradise towards the heart of Broadbeach, collectively adding just shy of 1,000 new apartments to the beachfront corridor.

The latest plans propose a further 30 apartments to replace an original six-unit walk-up on a 658 sqm site at <a href="https://www.apartments.com.au/new-apartments/20a-old-burleigh-road-surfers-paradise-qld-4217">20A Old Burleigh Road</a>. The 14-storey building has been designed by Ferro Chow Architecture, which recently joined the Elevation Architecture Group.

The developer behind the project is Geoffrey Booth, whose Future Liv In has focused on delivering rental accommodation across regional Australia.

<img alt="Old Burleigh Road" data-entity-type="file" data-entity-uuid="99d393e7-d404-43bc-80cb-6255c39b83d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2012.28.44%E2%80%AFPM.png?VersionId=ZFT8F3mOny4M4ut.kFF3woC9WH9oR5gT" />

The Old Burleigh Road development will comprise 18 two-bedroom apartments, 10 three-bedroom apartments, and a single four-bedroom residence occupying the entirety of level 12. Above, the building will be crowned by a two-storey penthouse with its own private lift, several multi-purpose rooms, and two rooftop terraces — one featuring a puppy lawn and spa, the other offering a private swimming pool, sunset deck, and built-in barbecue.

Resident amenities will be located on the second level and include a pool with adjoining spa, cabana, and pool deck, along with an indoor residents’ lounge featuring a bar and an alfresco barbecue kitchen.

In the architectural statement submitted by Elevation Architecture, the project is referred to as “UMI”, which the firm says has been “inspired by the majestic hinterlands and shaped by the coastal climate”.

“It is an exemplar of how community living can still feel at one with nature, breathable, and deeply connected in place,” the architects noted.

They added that the site benefits from established building separation to adjoining towers, helping to maintain privacy, sunlight, and residential amenity, while still offering direct beach access within an urban setting.

“Drawing inspiration from the Gold Coast hinterlands and the region’s natural landscape, the podium and tower detail highlights the contrasting elements of treetop green and cliff-face peach. The vibrant texture and materiality shaped by time has a richness in depth and character.”

<img alt="Old Burleigh Road" data-entity-type="file" data-entity-uuid="b3d6c923-a0ab-4d74-86da-177313447e8e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2012.28.38%E2%80%AFPM.png?VersionId=i2fygmoVQM6hWpbATTAW_yTitoMTrnI1" />

Old Burleigh Road has become a hotspot for developers, with the three-tower Jewel development kickstarting a wave of projects up and down the strip when it was completed in 2020.

Currently under construction and approaching completion is <a href="https://www.apartments.com.au/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach-qld-4218">FARO Broadbeach</a> by 5Point and Bottega, 21 large-scale half- and full-floor apartments. 5Point is also behind the recently launched <a href="https://www.apartments.com.au/new-apartments/lumara-108-old-burleigh-road-broadbeach-qld-4218">Lumara</a>, another 37 apartments to add to the pipeline.

Luxury builder GRAYA is progressing construction on <a href="https://www.apartments.com.au/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach-qld-4218">Enclave</a>, its first Gold Coast tower, while Polycell remains the most active developer on the street. They are preparing to launch <a href="https://www.apartments.com.au/new-apartments/sandpiper-broadbeach-155-old-burleigh-road-broadbeach-qld-4218">Sandpiper</a>, a 50-storey redevelopment of the former Sandpiper Holiday Resort that will deliver around 200 apartments alongside extensive resident amenity. The group also has another 130-apartment project approved nearby, as does <a href="https://www.apartments.com.au/news/qld/dvb-approved-for-second-broadbeach-apartment-development">Dean Gallagher’s DVB Projects</a>.

Joel Robinson

First look: Old Burleigh Road apartment development wave continues

Sunshine Coast developer Habitat Development Group continues to position itself as one of the region’s largest new apartment developers.

Its latest project is in Maroochydore, where it is currently delivering <a href="https://www.apartments.com.au/new-apartments/the-millwell-2-millwell-road-east-maroochydore-qld-4558">The Millwell</a>. Adjacent to the new 53-hectare Maroochydore City Centre project, Habitat is planning a further 180 apartments on a 3,468 sqm site at <a href="https://www.apartments.com.au/new-apartments/132-136-aerodrome-road-maroochydore-qld-4558">132–136 Aerodrome Road</a>. The site was purchased with approval for a smaller 13-storey, 103-unit building.

Habitat will demolish the two existing retail centres, currently home to the Salvation Army Family Store and Neighbours Aid, and replace them with an 18-storey building featuring the significant rooftop amenities that have become a hallmark of Habitat developments in recent years. The rooftop will include both indoor and outdoor spaces, anchored by an infinity swimming pool.

<img alt="Maroochydore" data-entity-type="file" data-entity-uuid="ad434d07-666b-4614-b33e-530ad6a2d261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2010.12.33%E2%80%AFAM.png?VersionId=7pyLsPWKQuwv0us3_v.9DmbzEc2VZe9Z" />

There will be a mix of one- to four-bedroom apartments.

The Development Assessment Report, submitted to the Sunshine Coast Council, says the proposal&nbsp;is not speculative, but a response to both zoning intent and demonstrated housing need.

“The proposed development represents an appropriate and logical intensification of the site, consistent with the planning framework and the intended urban outcomes for the locality.”

Across the Sunshine Coast, councils are increasingly scrutinising not just height or yield, but whether new projects genuinely align with the long-term structure plans underpinning growth corridors. The&nbsp;ASTP Planning Report&nbsp;reinforces the approach, noting that the project has been shaped around site responsiveness rather than generic typology.

“The development has been designed to respond to the physical constraints and opportunities of the site, while delivering a high-quality residential outcome that integrates with the existing and emerging urban context.”

<img alt="Habitat" data-entity-type="file" data-entity-uuid="3a03fc54-4ca5-4868-88d0-eeced70604e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2010.12.28%E2%80%AFAM.png?VersionId=1pkK3lJrrZjkghTLBReM2zatcas4Nc4B" />

In mid-2025, Habitat, a developer that also builds its own projects, commenced construction on The Millwell, located just over one kilometre from the new proposal. The Millwell will comprise more than 200 apartments across two eight-storey buildings.

Habitat also has two projects on Lake Kawana in Birtinya: <a href="https://www.apartments.com.au/new-apartments/st-clair-birtinya-930-931-waterside-retreat-birtinya-qld-4575">St Clair</a>, a 200-unit, two-building development launched last year and set to welcome buyers this year; and Esperance, a 175-apartment project currently progressing through the development approval process.

First look: Habitat continues to bolster Sunshine Coast apartment pipeline with Maroochydore development plans

John Camilleri, the breeder of legendary racehorse Winx, is set to deliver a landmark two-tower beachfront development that would redefine the Surfers Paradise skyline.

Camilleri, who spent around $100 million acquiring development sites across the Gold Coast in 2025, has lodged plans for two new towers on the dress-circle stretch of Garfield Terrace, just two days before Christmas.

In assembling the site, Camilleri's Celestino Developments has effectively acquired the 71 Garfield project by Iris Capital and AALTO by Weiya Holdings, creating an unrivalled <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">4,000 sqm beachfront holding along Garfield Terrace</a>.

The proposal comprises two residential towers of 55 and 48 storeys, linked by a dramatic skybridge which will home “exclusive VIP and wellness amenities.”

In total, the development would deliver 275 two-, three- and four-bedroom apartments across the two towers, rising above a shared landscaped podium that incorporates a central green space and a beachfront swimming pool stretching more than 90 metres.

<img alt="DBI" data-entity-type="file" data-entity-uuid="097900f3-6bef-4919-b168-b08f2f762876" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.37.58%E2%80%AFAM.png?VersionId=et0SpmcvaPPVrexI_zWi46BVFtZBxAzx" />

Architecture firm DBI, in documents submitted to Gold Coast City Council, said the project at 63–79 Garfield Terrace would “establish a new benchmark for beachfront residential living on the Gold Coast.”

"The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience. Together, the 48-storey North Tower and 55-storey South Tower form a distinctive twin-tower composition whose dynamic silhouette will make a significant contribution to the Surfers Paradise skyline."

DBI said the architectural language draws inspiration from the fluidity and movement of the coastal landscape.

"Each tower is defined by organic, curving forms and continuous balcony ribbons that wrap the buildings, providing deep shading, enhancing environmental performance, and reinforcing the rhythmic, sculptural expression of the façade. These balcony forms also reduce the apparent mass of the towers while maintaining strong visual continuity from podium to summit. Sculpted reflective downturns run along the western spine of both towers, shifting and lifting as they extend upwards to frame service zones and open eastward to maximise ocean views."

<img alt="Garfield" data-entity-type="file" data-entity-uuid="a2a00ce3-a0e9-45d6-b4b5-b7baed592ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.53.40%E2%80%AFAM.png?VersionId=DnruWV1dhLrtXOeElwekyd7vPq2gw55t" />

The project’s most striking feature is the skybridge at level 45, which will house executive lounges, formal dining spaces, wellness facilities and panoramic ocean-facing views.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI added.

The podium will host an extensive suite of recreational amenities, including resident lounges, private dining rooms, a large open green lawn, and the signature 90-metre pool stretching along the beachfront. The pool is divided into lap, lounge and children’s zones.

The southern end of the podium will accommodate additional wellness facilities, including a gymnasium, plunge pools, treatment rooms and a dedicated yoga lawn.

<img alt="Garfield" data-entity-type="file" data-entity-uuid="ee1b4f25-231f-4804-83b1-a573a1481962" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.55.47%E2%80%AFAM.png?VersionId=zObzIA3D5w7EwqPsHjr2pKrA4vbB28zL" />

There will be 127 apartments in the North Tower and 148 in the South Tower, including multiple penthouses, while the Enderley Avenue and Oceanway frontages will be activated by a series of food and beverage tenancies.

Camilleri emerged as the most active site acquirer on the Gold Coast in 2025. He spent just over $30 million acquiring Pacific Point, a 10-level Surfers Paradise apartment block and an adjoining three-level duplex, from fellow racing identity and Aquis billionaire Tony Fung. Plans are now underway for a 93-apartment, 40-storey tower on the 1,682 sqm site.

He also paid $53.65 million for the 1,500 sqm Garfield Terrace site previously marketed as AALTO by Weiya Holdings, before acquiring the adjoining parcel from hotel billionaire Sam Arnaout’s Iris Capital, the developer behind V&amp;A Broadbeach.

First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge

The Melbourne-based HLA Group is the latest developer to expand into South East Queensland, lodging plans for a unique mixed-use short-term accomodation and apartment building in Taringa, with the building design inspired by the Glasswing Butterfly.

The development application for 10 Morrow Street seeks approval for a total of 232 dwellings, comprising 116 residential apartments and 116 short-stay accommodation units. The build-to-sell residential component is made up of 31 one-bedroom apartments, 67 two-bedroom apartments, 17 three-bedroom apartments, and a single four-bedroom apartment, offering a diverse mix aimed at singles, couples, families, and downsizers.

<img alt="Taringa" data-entity-type="file" data-entity-uuid="33913cd4-9839-4456-b325-d35b3f8b4694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.40.26%E2%80%AFPM.png?VersionId=sLvc7jUrYzDwqPDZBPrXTosKHDSp.qrt" />

Designed by Ellivo Architects, the tower takes strong inspiration from nature, with the architectural language driven by one of Queensland’s most delicate species. As described in the planning documents submitted to Brisbane City Council, Ellivo Architects state the design is “inspired by the elegance of the Glasswing butterfly," and mirrors the graceful sweep of its wings, a form that feels light, fluid, and alive.

“Lush subtropical greenery is throughtfull woven throughout, transforming the building into a sanctuary in the heart of the city.”

The proposal positions the building as more than a conventional residential tower, with Ellivo Architects describing 10 Morrow Street as “an urban oasis that blends short term accomodation with residential living. A destination for rest, relaxation, and renewal.”

<img alt="Taringa" data-entity-type="file" data-entity-uuid="84e9a0ff-464e-4973-bffe-5d5a8fe9f087" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.40.32%E2%80%AFPM.png?VersionId=dhX9eVgUaQE2TvCzJPhF8N8_hzYSKpyK" />

Formally, the building’s massing and floorplate are directly shaped by its butterfly inspiration. Ellivo explain that, “adopting the wings of the Glasswing Butterfly, the tower's plan is divided into four distinct quadrants, each shaped to mirror the wing's segmented geometry and taking the slender ‘veins’ up the facade of the tower.”

"This approach results in a sculpted tower form with articulated façades and a strong vertical expression."

<img alt="Taringa" data-entity-type="file" data-entity-uuid="5947011d-ff6c-4a57-bdc1-9072a472a79c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.40.29%E2%80%AFPM.png?VersionId=nnGqd4WCZM8AOJZY.c3u49BO4LurKRhb" />

The Assessment Report by Human Habitats said the 19-storey tower capitalises on its strategic connectivity and prominence at the entrance of Taringa Village and adjoining the Taringa Station.

"The proposal offers a significant revitalisation of the subject site that integrates architectural excellence, innovation, and sustainable design to directly address long-standing connectivity and safety challenges, housing supply , and diversity together with enhanced streetscape activation and convenient access to major transport corridors."

HLA Group Australia is registered to South Yarra and is currently delivering Adamson No.5, just 15 luxury apartments that start from around $2 million.&nbsp;

The Butterfly Effect: Glasswing butterfly inspires Taringa apartment development

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.

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

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