Investor appetite for Queenstown apartments is strengthening as supply constraints and four-season tourism continue to underpin demand across the alpine region.

In Frankton’s masterplanned Remarkables Park precinct,&nbsp;<a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s 141-apartment Mountain Oak development is attracting repeat and yield-focused buyers seeking exposure to that market dynamic.

Brandon, who specifically targeted Queenstown as an investment location, said the combination of price point and limited new supply made Mountain Oak stand out.

“It is a quality product in a location that struggles to densify,” he said, referencing Queenstown’s land-locked geography and development limitations.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" />

Having spent significant time in the region, Brandon pointed to its global reputation and consistent visitation as key fundamentals.

“Queenstown is a known destination from people all over the world. The place is land locked and there are issues building there. It’s also busy all year round.”

That four-season economy, driven by skiing and snowboarding in winter and hiking, cycling and water-based tourism in summer, was also central to Sherry’s decision to invest.

“I believe the four-season tourism has major appeal as it would ensure that the property will not remain empty, unlike other areas in NZ,” she said.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Living_WEB.jpg?VersionId=3LglY20Jp_MAzQYdvwODRWvtjL.cZcqI" />

Mountain Oak has been structured to respond to that sustained demand, with 365-day visitor accommodation consent underpinning a mix of one-bedroom, flexi, two-bedroom and dual-key configurations that can operate as either short-term visitor accommodation or long-term rental housing. Dual-key apartments comprise two self-contained residences on one title, allowing owners to generate dual income streams or occupy one side while leasing the other.&nbsp;

Under Safari Group’s optional visitor accommodation management model, owners receive 60 per cent of the annual income generated by their apartment, with 24/7 on-site management, guest services and listing exposure included. Independent appraisal modelling suggests gross yields of up to 15 per cent for certain two-bedroom configurations, based on estimated nightly rates and occupancy assumptions.

For Brandon, that flexibility aligned with his broader investment strategy.

“It helps to know that I can have it managed either way,” he said. “My focus is on purchasing high yield cashflow properties.”

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="c786ba7f-f974-4ce3-9833-1bcd9f2938d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_ae3c049f388f4c13bf801649d91cbb4a~mv2%20%281%29.jpg?VersionId=J25uvzGdvtFaXGzuwz28ewJ9wWzbtvur" />

He selected a one-bedroom flexi configuration, citing both yield and adaptability.

“I work remotely and can travel to most places and work. I enjoy making spaces that work for the lifestyle that I live and it seems that others also enjoy it.”

Ranging from 54 to 57 square metres, the one-bedroom flexi incorporates a separate multipurpose room suited to a home office, additional storage, or accommodation for ski gear and seasonal equipment, an increasingly relevant inclusion for buyers balancing remote work and alpine travel.

Interiors feature underfloor heating in bathrooms and a heat pump in the main living area, supporting year-round comfort. Upper-level apartments are positioned to maximise natural light, with sliding windows and balustrades in select residences enhancing outlook and ventilation. Units are available in both light and dark interior schemes.

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="8f9492e9-8ee0-4aae-856c-8996ed9d9a06" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_7d066f5200024c1aa472d01e2dc776ed~mv2.jpg?VersionId=MLR5xn6fLqPdBi7vxyRT.1zhQX3Ln0Ev" />

Sherry, a repeat Safari Group buyer, said her previous experience with the developer provided confidence to secure another apartment.

“Their developments have always finished on time, the quality has been high, and I didn't feel that my investment may be at risk,” she said. “Knowledge of the developer and our two existing Safari apartments gave us the confidence to proceed with this one.”

Safari Group has delivered more than 2,000 hotel units and residential apartments nationally and is now undertaking its fifth Queenstown development, reinforcing buyer confidence in delivery capability.

Although Sherry was not initially targeting Queenstown due to its price profile, prior visits reshaped her view of the market.

“I absolutely love this region and believe it is a major tourist attraction, which led me to the decision to invest.”

<img alt="How Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Construction commenced in June 2025, with completion anticipated by mid-2027. Apartments are priced from NZ$639,000, and the development carries Overseas Investment Office exemption approval, allowing non-residents to purchase.

For both investors, the purchase represents a balance of income generation and long-term portfolio positioning in a tightly held alpine market.

“I firmly believe my investments in Safari developments are a combination of all these elements,” Sherry said. “The location of this project enabled me to diversify.”

As Queenstown continues to attract year-round visitation alongside constrained housing supply, Mountain Oak’s dual-key flexibility, optional on-site management structure and established developer track record are resonating with investors seeking exposure to the region’s resilient tourism economy.

Joel Robinson

Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand

The Minns Labor Government is today unveiling a game-changing new precinct at Bays West – delivering up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes - directly above the new Bays West Metro Station currently under construction.

The landmark transformation will convert underutilised government-owned port land on the Harbour into Sydney’s newest suburb, while retaining important deep-water port facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

<img alt="Bays West" data-entity-type="file" data-entity-uuid="c5f01d10-0b6b-49de-8033-d3ef2728cb6d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.06.12%E2%80%AFPM.png?VersionId=UA6_r._1jYROJ5tFNXMHqjNYLKYWIN.Y" />

Affordable housing will be embedded from the outset, including dedicated homes for essential workers such as nurses, teachers, paramedics, firefighters and police so they can live closer to the communities they serve.

The precinct will combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years.

Night-time entertainment and creative industries will be anchored by the revitalisation of the historic White Bay Power Station as a cultural and community destination, connected to the harbour across a new expansive public forecourt.

Planning of the area will prioritise connectivity, including active transport links to neighbouring communities such as Rozelle, Balmain and Glebe, improved pedestrian access to the waterfront, and connections to the CBD, including an active transport link across the Glebe Island Bridge.

The Government will lead a master planning process that will include an international design competition to guide development across the precinct, ensuring homes, essential infrastructure, jobs, public spaces and transport links are delivered together.

It will be led by a new delivery agency to be established over the coming weeks, which will report to Minister Kamper who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo. Once established, the publicly owned land in the precinct will be transferred to the new agency.

This is the first new suburb that has been built in inner Sydney in decades, it will see homes built alongside the Bays West Metro Station ensuring young people, families and downsizers are only minutes away from the CBD. As part of the transformation of the Bays West precinct, bulk port operations – including cement, gypsum and sugar handling – will cease on Glebe Island by no later than 2030.

<img alt="Glebe" data-entity-type="file" data-entity-uuid="46ef3c23-2ce1-4912-b8ba-5247de19d7b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.02.15%E2%80%AFPM.png?VersionId=I5xKa7hLNlsueMsltA2dsYrRYtZCKvZz" />

The Government will work closely with industry to minimise impacts and ensure the continuity of supply. This includes a commitment of $270 million to improve road connections around the port at Port Kembla and to investigate increased rail freight capacity.

Working harbour operations across the precinct will be consolidated, mostly into White Bay, ensuring the precinct will continue to provide critical services for the harbour, including boat maintenance and marine construction and as a base for tug boats and for emergency services.

A new staging area will be established in White Bay, securing the future of the New Year’s Eve fireworks, Vivid and other major events for decades to come.

<img alt="Glebe island" data-entity-type="file" data-entity-uuid="0554b153-b225-445b-a633-75aecea7dec9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.06.17%E2%80%AFPM.png?VersionId=P45ABy8KLuwjzVf04APWfeC4aOMA1Ngx" />

The cruise terminal will be retained in its current location, meaning tourists arriving in Sydney will be welcomed by the new precinct, with new shore-power facilities currently being installed that will reduce noise and emissions. The Sydney Heritage Fleet will also be offered new premises in White Bay.

Deep-water berths will be retained to preserve Sydney Harbour’s strategic operational capability, and the removal of the existing 1970s industrial silos, currently used as a billboard, as well as to store cement and sugar, will unlock new opportunities for public space and future housing.

“Right above a new metro station and minutes from the CBD, we’re delivering thousands of homes where people actually need them - close to work, close to services and close to transport,"&nbsp;Premier of New South Wales Chris Minns said.

“Importantly, this precinct will include affordable and essential worker housing from day one, so nurses, teachers, paramedics and police can live closer to the communities they serve.

“We understand that not everyone will welcome change, but cities don’t stand still. If Sydney is going to remain a place young people and families can afford to live in, we have to use well-located land better and plan for the future.”

Glebe Island to accomodate 8,500 new homes near new Bays Metro Station

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a> has unveiled its exclusive penthouse collection at&nbsp;<a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Amargo</a>, its new apartment development in Palm Beach.

There are just four penthouses as part of the collection, however only three remain for sale, with a Palm Beach local already snapping up one of the apartments prior to its launch.

&nbsp;

“We are thrilled to unveil the debut penthouses within the Flourish story,” said Christie Leet, founder of Sherpa Group.

“The penthouses epitomise unparalleled luxury and contemporary elegance, offering an exclusive experience in modern living.”

[smartcode_project:default project_id=146527 project_image_fid=362273]

Located at 6-12 Sixth Avenue, the penthouses will crown Amargo, which will rise 18 levels and offer a diverse product mix of one, two, and three-bedroom apartments, attracting a wide demographic of buyers.&nbsp;

“Creating a multigenerational community is core for us at Sherpa," Leet added.

"Amargo embodies this ethos, welcoming first-home buyers, families and right-sizers alike – ensuring everyone has the opportunity to thrive.”

&nbsp;

[smartcode_project:default project_id=146527 project_image_fid=362271]

The penthouses, which range in price from just over $3 million to $4.6 million, each have three bedrooms, three bathrooms, and extensive balconies. Select penthouses will have&nbsp;dedicated media rooms. They have four-metre-high ceilings, Gaggenau appliances, and natural stone materials.

Flourish is crowned by an&nbsp;800 sqm rooftop retreat with a&nbsp;pool, pool deck cabanas and day beds, private outdoor barbecues and pizza oven, an internal private dining space, as well as a gym, yoga zones, steam rooms, and hot and cold magnesium pools.

&nbsp;

&nbsp;

[smartcode_project:default project_id=146527 project_image_fid=306037]

“We’re really excited about what we’re delivering here- Flourish is more than just apartments; it’s about creating a place where people feel truly at home,” Leet said.

Construction is already well underway on Amargo, with residents expected to move in by Q2 2027. The project is around 85 per cent sold.

[smartcode_project_cta:default project_id=146527]

A first look inside Flourish penthouse collection at Palm Beach

Builder-developer Urban Property Group (UPG) is continuing to expand into new markets. UPG is heading to the Hills District, where it is planning a 40-storey mixed use building near Castle Hill Metro Station.

They've gone down the favoured developer route of a State Significant Development Application, which should see developments approved within the space of nine months.

The tower will comprise 371 apartments, 42 of which will be affordable housing, above a ground-floor retail precinct at 16-20 Old Castle Hill Road, on the corner of Garthowen Crescent and within walking distance of Castle Hill Metro Station, an area identified for higher density under both local and state strategic planning frameworks.

Designed by <a href="https://www.apartments.com.au/architects/studiosc">Studio SC</a>, the tower would rise from a brick podium base, accommodating one retail tenancy and communal open space, before transitioning to a slender glazed residential form above. Six basement levels are proposed beneath the building to house parking and services.

<img alt="First Look: Urban Property unveils 40-storey mixed-use tower in Castle Hill with 371 homes and affordable housing component" data-entity-type="file" data-entity-uuid="08dc82f9-b826-4e18-8c60-4c90f7472317" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%20G%20%28b%29%20-%20Ground%20level%20render.jpg?VersionId=EOv1ly45k_Bc1F73C0hdwXSG4FVSTETt" />

“Castle Hill is undergoing a significant transformation, evolving from a traditionally low-rise suburban centre into a true metropolitan destination anchored by the Sydney Metro Northwest," the Architectural Design Report prepared by Studio SC noted.

The majority of apartments (194) will be two-bedrooms. 90 one-bedroom apartments are planned, 83 three-beds, and four four-bedroom apartments.

Studio SC’s design adopts a podium-and-tower composition, with warm-toned masonry at the lower levels intended to anchor the building within its streetscape context.

"At the podium, the architecture is anchored through solid brickwork in warm, earthy tones, reflecting the local sandstone formations and the natural colour palette of the surrounding hills," Studio SC added.

Above, the tower transitions to a lighter glass expression, articulated with fins and tonal variation to reduce visual bulk and respond to changing light conditions.

<img alt="First Look: Urban Property unveils 40-storey mixed-use tower in Castle Hill with 371 homes and affordable housing component" data-entity-type="file" data-entity-uuid="f13cb2ee-ebfc-4204-9aba-e2dbd9e5d4bd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%20G%20%28a%29%20-%20Pool%20view.jpg?VersionId=Dnpusa.b5d6Nkx2clPlzWosDdh_1QW2V" />

Urban Property Group is one of Sydney's most active developers. They have projects currently under construction in Little Bay, Penrith, and Macquarie Park, with future projects earmarked for Wollongong.

Castle Hill has been one of the most popular suburbs for development across Sydney in the last five years, as developers scramble for land around the newly extended Sydney Metro.&nbsp;

Kassis Homes kicked it all off with Grand Reve, along with Deicorp who has delivered over 1,000 apartments in the area and continues to develop. The likes of Dubai-backed developer Arada will take to market their project in the coming months, while Masscon has just launched Avenue on Cadman Crescent.

First Look: Urban Property Group unveils 40-storey mixed-use tower in Castle Hill

One of the Gold Coast’s ‘bridesmaid suburbs’ is experiencing a wave of local suitors, with the latest sales figures from <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> revealing over two thirds of buyers will be relocating from within a 5km average radius of the 16-hectare masterplan.&nbsp;

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the figures underlined a powerful shift for Biggera Waters that would reshape it into a thriving force behind the region’s growth corridor.&nbsp;

“We’ve seen a huge wave of interest from residents of Arundel, Paradise Point and Runaway Bay who recognise the urban transformation that is well underway here and want to be part of it,” Long said.&nbsp;

“Interestingly, 25 per cent of our Gold Coast buyers are also coming from the city’s southern hotspots, including Burleigh and Palm Beach.&nbsp;

“<a href="https://www.apartments.com.au/developments/biggera-waters-qld-4216">Biggera Waters</a>, and Harbour Shores in particular, has all the advantages of waterfront living with the benefits of resort-style amenity, for greater value than the southern beachfront suburbs.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290031]

Long said half of the purchasers at Harbour Shores were under the age of 55.&nbsp;

“When locals choose to stay local, it creates a genuine community, turning the most sustainable master planned community in the Gold Coast’s history into a diverse and vibrant ‘village of villages’.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=336743]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> Gold Coast Sales Director David Higgins said the hyper-local market demand was unique to Harbour Shores when compared to other projects in the region.&nbsp;

“We are seeing as much as 60 per cent of new apartment sales on other projects go to interstate or international buyers, but Harbour Shores is bucking this trend and attracting a larger proportion of the local market,” Higgins said.&nbsp;

“Only 13 per cent of Harbour Shores’ existing purchasers are interstate. There has been a resounding endorsement from local buyers and that validates the project’s vision and investment in design, lifestyle and liveability.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=4579]

Harbour Shores is 16ha visionary masterplan dedicated to wellness and an active, healthy lifestyle. Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, Harbour Shores embeds extensive green connections and more than 2.5km in pedestrian networks – including a 1.2km boardwalk along the water’s edge.

Harbour Shores was recently recognised by the BETTER FUTURE World Design Awards 2026 as a silver winner in the category of environmental sustainability. Boasting a 6 Star Green Star Communities V1.1 rating, Harbour Shores will deliver more than 2,000 homes over the next ten years.&nbsp;

The first stage will deliver three residential collections including luxury three and four-bedroom waterfront villas at The Residences, as well as apartments in The Waterline and Palm House, surrounded by resort-style amenities.&nbsp;

[smartcode_project_cta:default project_id=113271]

Biggera Waters no longer a 'bridesmaid suburb' as Gold Coast locals jump to Harbour Shores

penthouse

Cbus Property, is currently marketing the final opportunity to purchase a penthouse in Epping for the foreseeable future, with the release of the last remaining penthouse at its north-western Sydney development, The Langston.

The two-storey, five-bedroom residence is positioned on the uppermost floors of the tallest of three towers – the 29-storey Langston Tower – and has price expectations of circa $3.3 million.

According to Adrian Pozzo, Cbus Property’s Chief Executive Officer, a similar property is unlikely to become available in Epping for some time.

“With no new residential high-rise projects currently under construction in the Epping town centre, it will realistically be years before a penthouse of this size and calibre becomes available again,” Mr Pozzo said.

"We have already had significant interest in the property from local north-west Sydney downsizers, from areas such as Beecroft, Cheltenham and Carlingford, who are looking for something with comparable living space and status to their current homes.”

[smartcode_project:default project_id=29936 project_image_fid=90755]

The house-sized residence’s five bedrooms incorporating two equally sized master bedrooms with en suites, on separate levels.

Spanning two levels with more than 230 sqm&nbsp;of internal living space, there is plenty of room to enjoy the&nbsp;180-degree views that reach from the&nbsp;Sydney CBD to the south, all the way to the Blue Mountains to the west.

The wider Langston precinct provides a range of&nbsp;amenities, including a Pool Deck, Wellness Hub and Sky Lounge.

The Pool Deck incorporates a 20-metre pool and poolside cabanas, while the Wellness Hub features a well-appointed gym and yoga studio, and direct connection to the Pool Deck. Sky Lounge offers a landscaped terrace capturing views of the Sydney CBD skyline and the Blue Mountains, plus shared dining rooms&nbsp;spaces to celebrate special occasions.

There is also a residents-only podium-level gardens, featuring barbeques, casual seating areas, play zones and open green spaces, as well as shared co-working spaces.

According to Adrian Pozzo, Cbus Property’s Chief Executive Officer, a similar property is unlikely to become available in Epping for some time

jordan_55689

The final penthouse in Cbus Property's The Langston in Epping set for sale

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The New Charsfield, St Kilda Road penthouse with a landscaped lawn has been listed with $10 million to $11 million expectations.

It sits 18 levels above St Kilda Road between Leopold and Louise streets.

The $140 million New Charsfield project was a collaboration between designers, Rothelowman, Hecker Guthrie and Jack Merlo for the developer EBG Developments, aka the Ever Bright Group, which develops properties throughout Melbourne focused on modern luxury apartments.

The four-bedroom 478 St Kilda Road offering comes with 430 sqm internal space plus 410sq m of landscaped gardens designed by Lisa Ellis.

It has been listed by Marshall White Port Phillip agent Nicholas Hoo.

The vendors fitted out the space and garden over the past 6-12 months, having bought it as a shell in 2016 at $6.34 million.

With sweeping views across Albert Park lake, to the city and over Fawkner Park, the 69 apartment building is serviced by a full-time concierge.

Located on the Ground floor is the expansive Chesterfield Clubhouse, consisting of resident’s lounge, library, gym, outdoor entertaining, and private dining facilities.

On the lower levels of the development are 104 Quest serviced apartments.

The former Charsfield Mansion was reconditioned to enable a future commercial/food and beverage offering. Charsfield Mansion was designed by Charles Webb in 1889.

The Ever Bright Group began investing in Melbourne in 2010, with its completed projects including the Stonnington Terraces project on Norfolk Place, Malvern and 17 Somers Avenue, Malvern.

<h2>Check out some other St Kilda Road projects:</h2>

Magnolia at St. Boulevard

[smartcode_project:default project_id=1260]

Magnolia. Anaca. Ginko. 
Those are the names for the three soaring and cascading glassy towers that encompass St. Boulevard. 
Designed by Elenberg Fraser, the three 20 and 9 floor towers will comprise of 435 one, two and three bedroom apartments all featuring long wrap-around balconies and communal amenities that bring fondly neighbours together.

Opera

[smartcode_project:default project_id=2914]

Raise the curtain on St Kilda Road’s new attraction, the ritzy apartments at Opera Melbourne. A joint venture between Golden Age Group and Deague Group, Opera was designed by the architects Bates Smart. There are 228 apartments across the 19 level development

Neue Grand

Set to make an impact in the vibrant suburb of St Kilda is newcomer Neue Grand at 613 St Kilda Road. The product of a joint collaboration between developer Growland Group and architect Rothelowman, these dwellings will offer a level of luxury and convenience that’s in a class of its own.

[smartcode_project:default project_id=4766]
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The apartment is on the 18th floor of the New Charsfield

jchancellor

New Charsfield, St Kilda Road sky garden penthouse listed with $11 million hopes

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Setting a new benchmark for luxury residences in Victoria, K1 Residences offers buyers the chance to secure a bespoke, whole-floor residence amongst Melbourne’s premier suburbs.

Located in Melbourne’s ‘green lungs’, postcode 3004, K1 is centred in the ideal synergy of serenity and convenience. The calm and picturesque neighbourhood sits minutes from Albert Park Lake, St Kilda and Prahran.

[smartcode_project:default project_id=2772]

Delivered by Optimus Developments, the distinctive building boasts 13 four-bedroom apartments, offering warm sophistication and timeless beauty.

With moody tones, 360-degree views and French oak, K1’s home-sized residences sacrifice nothing. Designed by DE atelier Architects and Bergman &amp; Co., the homes include spacious garden balconies, floor-to-ceiling windows and doors and oversized bathrooms.

<a href="/buildings/k1-residences-melbourne-1-union-street-melbourne"><img alt="" height="1845" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/k1-residences-1-union-street-melbourne-1fedd4cde0de6de4b35023b51c0e73fe.jpg" width="2750"></a>

Designed by the landscape architects, Aspect Studios, K1’s gardens are a defining element of the building, with amenities including a sky garden to embody Melbourne’s best-loved suburbs and an infinity-edge pool for sophisticated, urban living.

“K1’s leafy green and lush vertical neighbourhood offers an enviable way of living that is luxurious, expansive and new to Melbourne”, the project marketing reads.

Residences within the project begin at $2,950,000. 

<a href="/buildings/k1-residences-melbourne-1-union-street-melbourne"><img alt="" height="1727" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/k1-residences-1-union-street-melbourne-a368fe75e34312bc5adb8c91f6489d57.jpg" width="2708"></a>

Construction has commenced on the 13-storey apartment with Cobild appointed as the builder. It is expected to reach completion in April.
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K1 is centred in the ideal synergy of serenity and convenience, setting a new benchmark for luxury residences in Victoria

max.kwok_55688

K1 Residences: 13 levels, 13 full-floor apartments in Melbourne

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A Main Beach, Queensland Penthouse has been listed for $7.2 million.

Located at the top of the Marquis on Main a residential only tower, it holds sweeping beach and ocean views.

Situated at 42/11 Peak Avenue the penthouse comprises five-bedrooms and four-bathrooms across 868 sqm.

The building features resort style facilities and is within walking distance of innumerable amenities, beaches and transport options.

The abode is currently being listed through Fox's Real Estate.

Built in 2003, the home has been on and off market, mostly on, since 2013 seeking as low as $5.95 million in 2018/2019 but has yet to sell. It was briefly listed in June last year at $6.7 million.

For sale in the same building is unit 11, on market since May last year, seeking $2.875 million. It last sold for $950,000 in 2012.

Construction was started in 2002 by FKP of its $45 million Marquis on Main tower at Main Beach after achieving unconditional sales of about 50 per cent with early deals including the sale of a whole-floor sub-penthouse for $1.75 million.
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Built in 2003, the home has been on and off market, mostly on, since 2013 seeking as low as $5.95 million in 2018/2019 but has yet to sell

urban.com.au

Marquis on Main Beach penthouse listed for $7.2 million 

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Adelaide provides luxury living at an affordable price, when compared to cities like Sydney and Melbourne. However, ranking tenth in the Economist's global livability rankings twice in a row, it is no wonder why investors and owner-occupiers are flocking to the South Australian city. 

Adelaide prices are predicted to rise by 10 per cent this year, according to Hotspotting's Terry Ryder, making now the time to enter the city's burgeoning luxury property market.

Urban takes a look at four of Adelaide's most luxurious residences on the market today. 
 

1. <a href="/buildings/realm-9-19-austin-street-adelaide?ref=srp_listview">Realm, Adelaide</a> 
Address: 9-19 Austin Street, Adelaide SA 5000 
Three-bedroom apartments from $2,200,000

[smartcode_project:default project_id=6083]

Delivered by Parallel Property, Realm features 320 apartments in one, two and three-bedroom configurations. Primely positioned in the heart of the Adelaide CBD, the Realm’s three-bedroom apartments

Residents of Realm will have access to the various amenities within the tower designed by Elenberg Fraser. These include a CrossFit gym, 25-metre swimming pool, outdoor entertaining area and wellness centre.

In 2018, Realm’s northern penthouse sold for $5.2 million, breaking the record for the most expensive apartment ever sold off the plan in Adelaide. The southern penthouse is currently on the market, marketed by Fox Real Estate’s Marina Ormsby. 
 

2. <a href="/new-apartments/botten-bowser-69-71-melbourne-street-north-adelaide">Botten + Bowser, North Adelaide</a> 
Address: 69-71 Melbourne Street, North Adelaide SA 5006 
Penthouse apartments from $1,770,000

[smartcode_project:default project_id=27233]

Two penthouses are for sale in Citify’s Botten + Bowser development in North Adelaide. The project boats sustainable design, with low energy features, louvre screening and greenery on each apartment’s balcony.

Located on the sixth floor of the building, the three-bedroom, two-bathroom residences feature gas fireplaces, wraparound balconies and views of parklands, city, Adelaide Hills and beyond. 
 

3. <a href="/buildings/tranquilla-255-military-road-west-lakes-shore">Tranquilla, West Lakes Shores</a> 
Address: 255 Military Road, West Lake Shores SA 5020 
Three-bedroom townhomes from $1,350,000

[smartcode_project:default project_id=21646]

Located on Adelaide’s coast, Tranquilla is a collection of luxury beachside homes delivered by LuxeHaus Developments and Circa Property Group. West Lakes Shore, the quiet hero of Adelaide’s metro coastline, offers an unbeatable coastal location within close proximity to the CBD.

Only two luxury beachfront homes remain within the development. Priced from $1.35 million, the residences feature natural Italian stone surfaces, six-star bathrooms, architectural landscaping and ocean views. 
 

4. <a href="/buildings/two-four-six-246-unley-road-unley">Two Four Six, Unley</a> 
246 Unley Road, Unley SA 5061 
Three-bedroom apartments from $1,350,000

[smartcode_project:default project_id=6124]

Two Four Six offers buyers the chance to secure a luxury apartment in the sought-after suburb of Unley, the most searched suburb for both homes and apartments in Adelaide, according to REA.

Delivered by Catcorp, Two Four Six features large glass balconies, sandstone terraces, floor-to-ceiling windows and ample storage.

NB: This article was updated March 8
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Urban takes a look at four of Adelaide's most luxurious residences on the market today

April 2021: Adelaide's top luxury residences on the market right now

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The penthouse apartment in BluePoint Property’s Palm Beach luxury development, 77 Jefferson, has sold for $3.8 million.

It marks the sell-out of the luxury Gold Coast development.

The four-bedroom, three-bathroom apartment spans across levels nine and 10 of the building.

Set over 464sqm, the residence offered floor-to-ceiling windows, private rooftop pool, integrated barbeque and sheltered dining for entertaining.

Designed by Bureau Proberts, 77 Jefferson offered 360 degree views of the ocean, hinterlands and Surfers Paradise in their full-floor residences.

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/jefferson.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/jefferson.jpeg?itok=YGSLuYQw" width="580"></a>

All car spaces secure on ground level with no basements required, with other amenities including a communal recreation area with kitchenette, cinema and washroom.

The landscaping was by Bryns Lardner.

The penthouse was the last opportunity to buy in the building with all eight offerings now sold following its construction by Hutchinson Builders.

Olindah Property Group’s James Meredith and Nicole Riley marketed the property which was originally listed with an asking price of $3.995 million.

Prices within the development ranged between $1.29 million and $2.47 million, which saw all the full-floor residences sold within three months of launch.

BluePoint is directed by Marcus Dore, who prior to founding the company with Geordie Whitcombe, held positions with national companies including Walker Corporation, Mirvac and Colliers International.

Whitcombe was previously a development manager for Woolworths Limited, and ran his own development and advisory business.

The group's prior projects include East Palm Beach and Sea Palm Beach.

<h2>Developments nearby</h2>

<h2>Palm Beach Residences</h2>

The Palm Beach Residences, designed by the award-winning BDA Architecture, are selling two and three bedroom apartments starting from $554,000.

Slated for completion in 2022, Palm Beach Residences, located between Burleigh Heads and the captivating Currumbin Point, responds beautifully to its coastal setting, inspired by waves, with undulating, organic forms found throughout the development.

Each home features expansive glazing to make the most of the panoramic ocean views of Burleigh Heads, Pacific Ocean, Currumbin, and Hinterland.

<img alt="" height="1344" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/palm_beach_residences.jpg" width="2000">

The development also includes an exceptional selection of resort-style amenities on-site including:

 - 18m resort pool

 - Beach shower

 - Sauna

 - Private dining 

 - Boardroom

 - BBQs &amp; Pizza oven

 - Sun lounges

 - Zen garden

 - Work-from-home facilities

 - Bicycle &amp; surfboard racks

 - Lounge and fireplace
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The penthouse apartment in BluePoint Property’s Palm Beach luxury development, 77 Jefferson, has been sold

Palm Beach penthouse sale marks sell-out of 77 Jefferson

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The penthouse at Fortis’ No.1 Carlisle development in Sydney’s Rose Bay, which was rumoured to have sold for an impressive $7.5 million last month, sold in less than three hours of launch.

Ray White agents Michael Finger and Di Wilson are rumoured to have secured $39,000 per sqm for the three-bedroom, two-bathroom apartment.

Situated on the top floor of the four-storey 1 Carlisle Road complex, the development offers direct lift access into the private lobby, an entertainers’ terrace and built-in living joinery.

Designed by MHNDU and Lawless &amp; Meyerson, the home utilises layered natural materials and an architectural design that pays homage to the Art Deco period.

“There’s a recurring linear texture echoed around the apartment through fluted glass and routed stone”, said Jo Lawless of Lawless &amp; Meyerson.

The penthouse includes an entertainer’s kitchen, gas fireplace, butler’s pantry and skylights. Other features within the home include a privately-landscaped rooftop terrace styled by Wyer &amp; Co landscape architects.

Construction on the project is expected to reach completion in early 2022.

<h2>Rose Bay luxury residences</h2>

The downsizer market in Rose Bay has boomed with many developments gracing the eastern Sydney suburb. These include the recently sold-out Newcastle Street development, The Benson and Richmond Rose.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/the-benson-33-newcastle-street-rose-bay?last_source_news_article_id=41288&amp;ref=news_related_project" rel="gallery-all" title="The Benson"><img alt="" class="image-article-full-width-580px" height="481" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-benson-33-newcastle-street-rose-bay-64799b46e7e39113cb2e87135af83a7d.jpg?itok=HEYEdtMw" title="The Benson" width="580"></a>

<figcaption>The Benson</figcaption></figure>Developed by Fortis, prices at the nine residence Benson project equated to $30,000 per sqm, with designs also completed by MHNDU and Wyer &amp; Co. The home’s interiors, which offered contemporary design, quality fixtures and pale-oak flooring, were designed by Hecker Guthrie.

Veteran children’s TV presenter Don Spencer purchased in the development just last month.  

Richmond Rose, developed by Kew Prestige, continues to offer available apartments at their 6-8 Richmond Road site.

<figure><a class="colorbox colorbox-insert-image" href="/new-apartments/6-8-richmond-road-rose-bay" rel="gallery-all" title="Richmond Rose"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/richmond-rose_outside_lge-scaled.jpg?itok=cgwWtAp-" title="Richmond Rose" width="580"></a>

<figcaption>Richmond Rose</figcaption></figure>Two three and four-bedroom apartments sit on each level, featuring open-plan dining, a pet wash bay on the ground floor and Tesla battery for power storage.

Lush balcony landscaping seems to be a feature of all new Rose Bay developments with The Aristocrat of Rose Bay also featuring foliage in the design.

Located at 62A Dover Road, the Aristocrat offers 22 two and three-bedroom configurations, a grand lobby, communal courtyard, a pool and a gym. Designed by PBD Architects, the homes include quality joinery, open-plan living and dining, spacious balconies and herringbone floors.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/the-aristocrat-of-rose-bay-62a-dover-road-rose-bay?last_source_news_article_id=41288&amp;ref=news_related_project" rel="gallery-all" title="The Aristocrat"><img alt="" class="image-article-full-width-580px" height="398" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the_aristocrat.jpg?itok=OSf3L21a" title="The Aristocrat" width="580"></a>

<figcaption>The Aristocrat</figcaption></figure>Rose Bay is located just seven kilometres east of Sydney and these developments provide evidence of the demand for new luxury developments in the area.
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The downsizer market in Rose Bay has boomed with many developments gracing the eastern Sydney suburb

Rose Bay's No.1 Carlisle penthouse sells within three hours

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Gamuda Berhad through its local arm Gamuda Land has recently settled its first flagship Australian development at 661 Chapel St, South Yarra.

661 Chapel St represents the group’s first foray into the Australian market and the Bird de le Coeur designed development comprises 116 apartments across 30 levels with views tht extend over the heritage-listed Melbourne High School, the Yarra River and beyond to the Melbourne CBD skyline.

Believing in the quality of the project with its location, never to be built out views and strong design credentials, Gamuda Land bullishly began construction in April 2016 prior to launching the project, despite the usual 60% pre-sales required by Australian banks to commence construction.

The penthouse for 661 Chapel St is expected to fetch a record $22m and is being sold as a shell with David Hick’s engaged to design the fit-out, so the purchaser can completely customise the residence.

The penthouse is a 792 sqm residence over 3 levels and the design currently includes: 

<ul>
<li>3 bedrooms, 5 bathrooms</li>
	<li>Sauna</li>
	<li>Steam and shower room</li>
	<li>Gym and yoga room</li>
	<li>Cinema</li>
	<li>Study</li>
	<li>Wine cellar</li>
	<li>Butlers pantry (with secondary fully functional kitchen)</li>
	<li>Rooftop bar and private pool with courtyard</li>
	<li>Sweeping views from the CBD right out to the Dandenong ranges</li>
	<li>93 sqm of balcony space and 82 sqm of rooftop</li>
</ul>
<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gamu9654_661_penthouse_in06_penthouse_retreat.jpg" rel="gallery-all" title="The fit-out for the penthouse is completely customisable and has been designed by David Hicks. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="271" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/gamu9654_661_penthouse_in06_penthouse_retreat.jpg?itok=vH5sMpjj" title="The fit-out for the penthouse is completely customisable and has been designed by David Hicks. Image: Supplied" width="580"></a>

<figcaption>The fit-out for the penthouse is completely customisable and has been designed by David Hicks. Image: Supplied</figcaption></figure>Urban.com.au spoke to Gamuda Land CEO Ngan Chee Meng prior to the official launch party to discuss 661 Chapel St, the penthouse and the companies ambitions for further development opportunities in Melbourne.

Urban.com.au: What was the appeal of Melbourne to Gamuda Land and more specifically South Yarra as a suburb?

Ngan Chee Meng: We see Australia, particularly Melbourne as a highly sought-after destination given its long-standing reputation as the world’s most liveable city, quality education and economic stability.

Location is key in our selection for development. We have found South Yarra to be one of the suburbs that could provide a fulfilling lifestyle given its convenience to our residents, with its close proximity to the CBD, public transport network, surrounding areas of greenery such as Royal Botanical Garden, Yarra river; artisanal cafes, boutiques and restaurants all within walking distance.

South Yarra also has a long-standing reputation as a highly sought after suburb, being in the inner east pocket of Melbourne and surrounded by other reputable suburbs such as Toorak.

UM: 661 Chapel St has a strong theme of artwork embedded in the design of its spaces from the moment you arrive, with Gamuda working closely with Andy Dinan of Mars Gallery. What was it like working with Andy Dinan?

NCM: We selected Andy and her gallery to curate the artwork in 661 Chapel St given her experience and background in public spaces. We had also wanted a selection of artwork that showcases works from emerging Australian artists that we believe will be a value add and worthy investment for the development.

We worked hand in hand with Andy and her team, as well as Bird de la Coeur, the project architect in curating the artwork selection in 661. It was a carefully thought out process and it was a pleasure working with them, we are very pleased with the outcome.

UM: With the majority of 661 Chapel St selling locally and to owner-occupiers, what is the expectation for the sale of the penthouse?

NCM: With the sheer scale of the penthouse, we anticipate it will likely attract an owner-occupier, who may have business interests in Melbourne given its inner urban location, or use the penthouse as a secondary or additional residence for their interests/family use.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gamu9654_661_penthouse_in03_penthouse_kitchen.jpg" rel="gallery-all" title="David Hicks has designed the penthouse which is being sold as a shell. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="272" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/gamu9654_661_penthouse_in03_penthouse_kitchen.jpg?itok=iXEOo8sk" title="David Hicks has designed the penthouse which is being sold as a shell. Image: Supplied" width="580"></a>

<figcaption>The penthouse has expansive views of the CBD skyline. Image: Supplied</figcaption></figure>UM: David Hick's will be on hand to customise the design of the penthouse which is currently being sold as a shell. What was the process for selecting David and what factors influenced your decision for selecting him?

NCM: We wanted David to design this penthouse as a ‘one-off’, one-of-a-kind penthouse for 661 Chapel St. While he is a local Melburnian, David’s vast international experience is also a key factor in our selection. We felt David understood what a 
penthouse of this calibre could look like for not just the local market, but also those from overseas, whether it is in Asia, Europe or America given his experience, diverse yet distinctive style.

UM: The views back towards the CBD over Melbourne High are unlikely to ever be built out? Do you see this as a major selling point of the development?

NCM: Definitely. Being in this pocket of South Yarra and Melbourne itself, not being built out is a rare luxury. There are not many developments that can offer never to be built out views and not have the residents look into the next building/apartment in their surrounds from the apartment. This has been one of our strongest selling points.

UM: Gamuda Land has already expressed a desire to develop further projects in Melbourne. Is a return to South Yarra on the cards or is Gamuda looking all over Melbourne for opportunities?

NCM: Being our maiden project in Australia, we wanted to build on our experience here. 661 Chapel St is a considerably smaller project for us when we compare it to what we have in our portfolio, but it is a good stepping-stone for us and allowed us to meet the market’s needs.

Moving forward, we will definitely continue to look for opportunities in Melbourne, and we are in the enviable position to handpick strategic landbanks with great potential to be transformed into value creating assets.
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Laurence Dragomir

Gamuda Land settles on 661 Chapel Street, launches penthouse

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The South Yarra-bound Village Roadshow director Graham Burke sold his four bedroom St Kilda sub-penthouse late last year.
The price has come through recently at $5.05 million for the <a href="https://www.realestate.com.au/sold/property-apartment-vic-st+kilda-123488322" target="_blank" style="font-size: 12.16px;">eighth floor Esplanade complex apartment</a> that cost Burke and wife Robyn $7.3 million when settled in 2007.
The couple bought the apartment off the plan from developer Max Beck, and had a hand in its interiors design through Stephen Jolson Architects.
It was a collaboration between Melbourne's highly-awarded Fender Katsalidis Architects and British-Italian minimalist architect, Claudio Silvestrin and Hecker Phelan &amp; Guthrie.
Developed behind the Espy Hotel, it comes with an internal area of 538 square metres, plus two two terraces that take the space to 600 sqm.
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Village Roadshow director Graham Burke sells in St Kilda

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The new development at Hamilton's Portside Wharf has sold its final luxury penthouse.
Developed by Brookfield Residential Properties, Pinnacle has sold more than $10 million worth of apartments in recent months.
Two river terraces sold for a combined $1.5 million and eight two bedroom apartments were also part of influx of sales.
The recent $2 million sale was the last of the five penthouses on over, which combined totalled a sale price of over $10.7 million.
The luxury residence sold for between $1.7 million and $2.5 million.
Brookfield Residential Properties' general manager Lee Butterworth put the sale down to the lure of riverfront living.
The 15 level building is topped with an exclusive rooftop swimming pool, barbecue, entertainment area and gymnasium.
Sales in Pinnacle have reached $119 million with remaining apartments priced from $650,000 for two bedrooms, two bathrooms and secure car parking.
Located six kilometres from the Brisbane CBD, Pinnacle is the sixth residential stage of Portside Wharf after Loft, Infinity, Flare, Promenade and Link.
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