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

Joel Robinson

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

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

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

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

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

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

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

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

First stage of townhouses at Citrine Rochedale reaches completion milestone

Queensland apartments

Despite persistent labour shortages and price volatility in materials such as timber and metal, there are indications that the pressure on construction costs is beginning to ease.

According to the Cordell Construction Cost Index (CCCI) by CoreLogic, which tracks the cost to build a typical new home, the growth rate for the first three months of 2023 was 0.9 per cent, a level not seen since March 2021.

The quarterly growth rate was less than half the Q4 2022 figure of 1.9 per cent, and there was a significant slowdown compared to the September quarter results of 4.7 per cent.

The annual growth rate of 10.2 per cent eased back from an index high of 11.9 per cent recorded in the 12 months to December 2022, which was the largest annual increase on record, excluding the period impacted by the introduction of the GST.

The news will be welcomed for the many developers set to undertake projects across the state, including&nbsp;Consolidated Properties Group who recently launched their Toowong project Monarch Residences as well as Sekisui Australia who are currently underway with their West End project, West Village.&nbsp;

[smartcode_project:default project_id=113455 project_image_fid=211490]

Although the growth in construction costs is easing, the annual rate of change remains 2.8 times higher than the pre-COVID five-year average of 3.6 per cent. Queensland had the highest quarterly and annual growth changes of 1.2 per cent and 11.6 per cent, respectively.

CEO of Gold Coast based Orchard Property Group, Ted Cronin, said the easing of construction costs is welcome news for the housing industry, which has been struggling to keep up with demand due to high costs and supply chain issues.

“Construction costs are finally showing signs of easing after two years of consistent increases, which is extremely positive news for both homeowners and builders.” said Cronin.

[smartcode_project:default project_id=114215 project_image_fid=210749]

“This is a great development for the industry, as we've seen many builders and contractors struggle with rising costs over the past few years.

“We faced significant supply and resource constraints on the delivery of subdivisions compounded by timber shortages for builders, and that led to a lot of frustration for all of us, including buyers.”

The annual growth rate of 10.2 per cent eased back from an index high of 11.9 per cent recorded in the 12 months to December 2022

alisonwarters@gmail.com

Construction costs set to ease?

Opportunities such as Lila, the newest development of just two villas in the heart of Mermaid Beach, don't come around often.

The local Gold Coast developer, Revilo Projects, has created a duplex at 5 Petrel Avenue, just 200 metres from the ocean and on the southern edge of the core Nobby Beach precinct.

BDA Architects has teamed up with Beck Space Interiors to deliver two&nbsp;four-bedroom dwellings over three levels.

Lila villas offer a generous 300 sqm of living space, a private pool, lift, built-in bar and butler's kitchen, as well as bespoke Italian cabinetry, V-Zug appliances, natural stone and an instantly recognisable facade.&nbsp;

[smartcode_project:default project_id=112742 project_image_fid=211125]

Jayde Pezet of Pezet Matheson says villa living allows people to live in a Triple-A Grade location, at a price that still represents solid value.

"House prices have skyrocketed on the Gold Coast, and developers are offering villas and luxury townhouses that still offer house-sized living spaces over several levels," Pezet says.

The architecture is modern and hard-lined. Comprising a timeless material palette of concrete, glass and timber off set by a undulating screen to create a rich and layered effect.

The ground level includes a double-car garage, storage, laundry, powder room and rumpus room with bi-fold doors opening to the east onto the combined outdoor living, garden court and pool area at the rear.

[smartcode_project:default project_id=112742 project_image_fid=211119]

Level one homes a multi-purpose room, with open-plan kitchen, living and dining area with a pantry and powder room. Upstairs are level two are the bedrooms of the residences with two bedrooms sharing a bathroom and the master bedroom including an ensuite, along with a designer wardrobe.

Revilo Projects is led by local developer Paul Dolso.

"Understanding the Gold Coast like the back of our hands is what allows us to deliver properties that capitalise on every opportunity afforded by our world class postcode, and give local residents a place they are proud to call their own," Dolso says.

Revilo are also developing next door, turning 3 Petrel Avenue in to a boutique block of just three whole floor apartments.

<img alt="Petrel" data-entity-type="file" data-entity-uuid="8248831b-eafc-427a-8bcf-b5fcf414f164" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-14%20at%2012.42.05%20pm.png?VersionId=50T5XGUpzcVkVCZc1ipenBWp_HPhPYME" />

There will be two three-bedroom apartments along with one four-bedroom apartment.

Also designed by BDA Architects, the apartments have been designed with&nbsp;a soft colour palette, white batten screening, timber soffits and natural stone, creating a coastal facade offset by the subtle curves of the built form.

Private open spaces have been incorporated for each apartment, with the ground floor apartment taking advantage of a large podium terrace, and the upper two apartments with the luxury of private roof top terraces.

Lila villas offer a generous 300 sqm of living space, a private pool, lift, built-in bar and butler's kitchen, as well as bespoke Italian cabinetry, V-Zug appliances, natural stone and an instantly recognisable facade

Rare Mermaid Beach duplex opportunity as Revilo Projects completes Lila

The Whitsunday property market is shaping up as one to watch this year as southern buyers continue to flock to the Whitsundays, cementing the area as one of Australia’s key lifestyle markets.&nbsp;

Recent market activity suggests that the Whitsundays is going head-to-head with the long sought-after Gold Coast, Byron Bay and Sunshine Coast regions, proving to be favourable destination for buyers south of the border.&nbsp;

Rob Taylor from Taylors Property Specialists revealed that the Christmas and New Year period has shown continued strong demand from southern states in the Whitsundays area.

“January 2023 has started in a positive manner with continued interest from southern buyers,” said Taylor.

<img alt="Render from the Shute Harbour Marine Resort" data-entity-type="file" data-entity-uuid="cc3e4a82-8c27-4f6f-8377-6f4ed564b9ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Family%20Pool_0.jpg?VersionId=jKYaoUJjfx8g6sQ_udf7Hg.1U5EQDDUZ" />Render from the Shute Harbour Marine Resort. Image supplied.

“We’ve seen steady demand for property from southern buyers who have identified the Whitsundays as a key lifestyle market, especially blue chip locations such as Hamilton Island and Airlie Beach,

“With growth in the state’s south-east coupled with limited stock due to rising construction costs, demand is outstripping supply and attention has turned to markets further north, especially among lifestyle buyers.”

Among the major projects currently marketed by Taylors is the $350 million Shute Harbour Marina Resort which has drawn inquiry from buyers seeking the lifestyle and value offered by the Whitsundays.

“Already in the first few weeks of the new year buyers have secured numerous $1 million-plus lifestyle homes,” Taylor said.

“The enquiry rate hasn’t shown any real signs of slowing down from southern interest. While we don’t expect to see the hectic market activity of early 2022, we can expect a far more realistic, solid market which is best for the long term.

The Shute Harbour Marina Resort master plan will feature 58 luxury waterfront residences to be located along the marina, each with their own private marina berth of between 25 and 35 metres.

When completed, the marina village will comprise mixed retail and commercial Pier 61, restaurants, cafes, and swimming pool, as well as managed apartments with resort club facilities for berth owners.

<img alt="Render from the Shute Harbour Marine Resort" data-entity-type="file" data-entity-uuid="f68153f2-b5ec-4b3e-9817-f7e062bac3b8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Entertainers%20Kitchen%20Living.jpg?VersionId=0SlC.4GD6cynyNfKUjiKAwKKi_Dq.lVl" />Render from an apartment in the Shute Harbour Marine Resort. Image supplied

As one of the biggest residential-resort projects in North Queensland in more than a decade, the transformational development is also destined to become the region’s premier lifestyle and leisure precinct – the perfect place to live, work and play.

Development of the first stage of Shute Harbour Marina Resort, which will include the marina and the stage-one release of land and marina berths, is expected to take two years to complete.

“Buyers are more willing than ever to head to the regions for a lifestyle and property that meets their needs - it’s a value proposition that is likely to see the property market in the Whitsundays hold its own for some time to come.”

Taylor believes that the lifestyle markets such as the Whitsundays will continue to perform really strong despite headwinds from inflation and interest rates.

“Talk of interest rates potentially stabilising in the coming months will add to this. However, what we are finding is these southern lifestyle buyers don’t seem to be as greatly impacted by these rate increases,” he added.&nbsp;

[smartcode_project_cta:default project_id=138294]

Lifestyle buyers pursue value as the Whitsundays sails ahead as the market to watch

Sustained above-average population growth is set to position the Whitsundays region for a golden era of growth, according to a report by research group Aurelius.&nbsp;

Population growth in the Whitsundays looks set to outperform the 15-year average, with Victoria and NSW leading the post-Covid boom.

“The population in the Whitsunday Regional Council area grew by 1.7 per cent per annum over the past five years, ahead of the region’s 15-year average of 1.5 per cent,” said the report.

“With population growth expected to remain above the historical average over the next two decades, it is estimated the Whitsunday region’s population will hit 49,591 by 2041, up from about 38,000 at present.”

<img alt="Render of the Shute Harbour Marine Resort " data-entity-type="file" data-entity-uuid="94989fed-19b8-49b7-9323-c237d70a267e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Front%20Executive.jpg?VersionId=kp.hjr86geYF1Trmwnyka9rnHlgbpNay" />

Among the major infrastructure investments currently under way in the region is the $350 million Shute Harbour Marina Resort which will bring to the market 395 new wet-berth marina berths centred on a residential-resort precinct comprising waterfront homes and a vibrant marina village with a retail and dining precinct, a resort hotel and backpacker accommodation.

Sam Wade, the managing director of the Shute Harbour Marina Development, said the Aurelius research highlights the opportunity ahead for the Whitsunday region and North Queensland more broadly to capitalise on the region’s growth potential.

“Australians have a growing appreciation of the region and everything it has to offer in terms of lifestyle and growth potential,” said Wade.

“With the growth we have seen over the past three years, and with the level of investment currently under way in North Queensland, this research presents a compelling case for continued growth in the Whitsunday region, particularly as international tourism begins to regain momentum.”

Aurelius Director Peter Bell, a highly regarded advisor and strategist, estimates the Whitsundays could see its tourism economy grow by an extra $600 million to $2.14 billion by 2025 if new initiatives currently in train come to fruition.

Bell highlighted that the region is already a major tourism drawcard with the visitor market expected to be worth $1.53 billion in the next three years, but the infrastructure spending currently under way in the region will significantly accelerate the tourism economy.

The top end of his forecast will see a doubling of the value of the local tourism economy over the seven years to 2025, building on an economic pillar that Bell said remains pivotal to the region’s future.

The Whitsunday economy is heavily reliant on tourism with about 3,000 people directly employed in the industry, and the expected growth in the industry will be significant for the region.

The region has become an increasingly popular destination for the domestic holiday market following an influx of interstate visitors to Queensland during the pandemic.

Tourism supports about 40 per cent of local jobs in the Whitsundays region, which is the highest in Queensland and one of the highest in Australia.

<img alt="Render of the Shute Harbour Marine Resort " data-entity-type="file" data-entity-uuid="40801710-b860-4fbd-b595-5caecb28f827" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Family%20Pool.jpg?VersionId=AObyYOROyZ8.jr3bEc8_6auiEAX28Ln1" />

The Brisbane-based researcher presented his findings on the State of the Whitsundays before a host of special guests including the Mayor of Whitsunday Regional Council, Julie Hall, and Deputy Mayor Gary Simpson during a presentation at the Whitsunday Marine Club.

Among his findings, Bell sees potential for the Whitsundays region to leverage off its reputation as a boating haven with new facilities for large and small marine vessels among the essential infrastructure projects that will support an expanding tourism economy.

Signalling the significant growth of the marine industry in the Sunshine State, Bell revealed that the number of boat registrations in Queensland grew almost four times faster than the state’s population in percentage terms during the 2021 financial year, at the height of the pandemic.

Queensland boat registrations rose 2.9 per cent in 2021, well above the 10-year average of 1.4 per cent.

The recent growth in boat ownership highlights an urgent need for increased storage capacity, especially for on-water marina berths which have sustained a high marina occupancy rate of 86 per cent in FY21, despite the pandemic.

Bell estimates the Whitsundays region’s economy is being further supported by a post-Covid migration renaissance from both interstate and intrastate migration with the latest population data showing historically higher rates of growth.

The region has become an increasingly popular destination for the domestic holiday market following an influx of interstate visitors to Queensland during the pandemic.

New research reveals the Whitsundays set for a golden era of growth

The $250 million marina harbour front residential precinct, The Gateway on the Burnett River is proving to be one of the Queensland Coast’s newest hotspots, with more than $12 million in sales in the past five weeks.

And it seems locals have embraced the project, with 40 per cent of the residence sales coming from the local area.

The Gateway has been designed to deliver a vibrant mixed-use village overlooking what is known as one of the safest north facing Queensland harbours. Just 15 minutes from the Bundaberg CBD, the Burnett River is also the gateway to some of the regions most iconic attractions, including the Southern Great Barrier Reef and Fraser Island.

Damian Brown of Property and Estates Project Marketing says the strong sales have been generated by eager buyers interested in putting their name to a rare slice of harbour front luxury living.

​<img alt="Render of The Gateway residences" data-entity-type="file" data-entity-uuid="858ad9ed-26b9-44e4-a5af-5f9b85e9eaf5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/22002-Gateway%20Marina_01-02_Buidling%20E%20%26%20F%20Hero_D%20%5Bjpeg%5D_0.jpg?VersionId=2wa5QFbFRU4xLrH3BHY0WTlk1s4Sp_Pv" />

“The market response to The Gateway Waterfront Residences has been incredible. We knew we had something special on our hands here, and we have really seen a lot of genuine interest,” said Brown.

“40 per cent of sales have come from locals who recognise the scarcity and value in north facing waterfront residences, alongside those who have been enticed by all The Gateway has to offer.”

The first stage of The Gateway Waterfront Residences offering includes 46 north-facing waterfront residences across two low-rise buildings, Musgrave and Elliot, each featuring open plan living and dining spaces, a large master bedroom with dual walk-in wardrobes, and balconies that maximise views to the marina and ocean.

Pricing for Musgrave and Elliot starts at $795,000 and will comprise two, three and four-bedroom residences, including penthouses and ground floor garden apartments with private plunge pools.

“The Gateway is a very special development coming to Burnett Heads. The Waterfront Residences are not only affordable luxury but will also offer residents comfort and security in their positioning – a sheltered and safe harbour,” said Brown.

The Gateway will be bringing a total of 318 marina berths to meet the growing demand from boaties looking to berth their vessels in a safe harbour, with research showing an increased demand for berths as boat sales ramp up in Queensland and along Australia’s east coast.

​<img alt="Render of The Gateway residences" data-entity-type="file" data-entity-uuid="01cbc6a7-0bfa-449d-91d3-f68fae3a3153" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/22002%20-%20Gateway%20Marina_02-02_GF%20Type%20H%20Living_D%20%5Bweb%5D_0.jpg?VersionId=uJIGZCGDnq9J79UNyq.yEUpQR1dbgFhu" />

There is significant funding behind the project, with The Gateway backed by Simon Harvey’s development company, BeauGroup Management Pty Ltd, which has been progressively re-deploying capital via the sale of several high-profile assets across the US, Australia, and New Zealand.

Dredging work is well underway with completion anticipated in early 2023 ahead of construction and installation of the first 80 marina berths. The completed marina is set to incorporate a total of 318 berths, accommodating single and multi-hull craft of various lengths.

The first marina berth stage is due for completion in the second half of 2023, with Musgrave and Elliot purchasers given the first opportunity to secure their preferred marina berth.

There is significant funding behind the project, with The Gateway backed by Simon Harvey’s development company, BeauGroup Management Pty Ltd, which has been progressively re-deploying capital via the sale of several high-profile assets across the US, Australia, and New Zealand.

​Smooth sailing for The Gateway residences as local buyers push sales past the $12 million mark

Sydney-based property developers Garfield Development's venture into the Gold Coast is well under way, with the start of construction bringing their Surfers Paradise project closer to fruition.

Absolute beachfront tower Aspire will comprise just 37 residences over 24-levels, with residents set to enjoy a host of resort-inspired amenities.&nbsp;

Aspire's ground floor houses some of the amenity offering, where the features include an infinity pool taking in expansive ocean views.&nbsp;The ground floor also boasts a fully equipped gym, as well as a residents lounge, a surfboard and sports storeroom and entertainment areas.&nbsp;

[smartcode_project:default project_id=111652 project_image_fid=197880]

Stepping up to level one in Aspire, a number of communal areas are scattered around. A second gym finds a space in level one, along with a steam room and infrared sauna, a yoga room and an additional owner's lounge, complete with a kitchen and bar.

Aspire also offers residents a range of break-out spaces and modern office areas, including an oversized conference room complete with TV for hosting presentations and virtual meetings.

The landscaping design by Project Landscape offers lush greenery from the covered entry, to the pool area and lawn terrace. Greenery cascades from the first level podium, providing a verdant backdrop to the communal spaces.&nbsp;

Along with the in-house amenities, Aspire sits on the doorstep of one of the world’s most famous stretches of sand and surf – Surfers Paradise Beach.

[smartcode_project:default project_id=111652 project_image_fid=197892]

The location is a major drawcard – Aspire occupies a rare absolute beachfront site in the exclusive Northcliffe pocket of Surfers Paradise and is right on the cusp of Broadbeach.

“Buyers love the fact that this is a residents-only boutique building on absolute beachfront,” says Kollosche New Projects sales agent John Mayer.

“We’re finding that people want smaller buildings with fewer neighbours and the convenience of stepping out of your apartment and onto the sand – that is the ultimate luxury," Mayer said.&nbsp;

An array of boutique cafes, restaurants, and recreational offerings are all accessible within walking distance of Aspire.

Aspire’s pet-friendly features are also attracting the attention of buyers, who appreciate the Juliette balcony that can be lined in artificial grass to accommodate pets. The footpath that runs along the beachside of the building is ideal for morning and afternoon walks.

[smartcode_project_cta:default project_id=111652]

We've taken a look inside all the amenity on offer for residents in the beach fronting Surfers Paradise apartment project, Aspire. 

Explore Aspire's resort-inspired amenities

Adjacent to its fashionable neighbours Broadbeach and Miami lies the Gold Coast's coastal suburb of Mermaid Beach, called so after the cutter HMS Mermaid.

The relaxed stretch of golden coastline is popular with swimmers and surfers looking to escape the flocks of people, with keen surfers making tracks for the uncrowded break at Heron Avenue, later refuelling at the Surf Life Saving Club, renowned as being possibly the Coast's very best.&nbsp;

A step back from the famous beaches that line the Gold Coast, lies the rolling hills of the hinterland and beyond and one recent residential development showcasing the views, is&nbsp;Niecon's&nbsp;Ventura Residences.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199484]

While just 250 metres from the Mermaid Beach sand, Ventura benefits from a north, north-west corner positioning, taking in not just the nearby beach, but city skyline and hinterland views as well.&nbsp;

Niecon’s Sales and Marketing Director, James Nikiforides has spent his whole life in the area and says the hinterlands are what makes quintessential Queensland living.

“Everyones focus is on the beach but people rarely focus on the hinterland, when we have one of the most beautiful hinterlands in the world,” he said.&nbsp;

While the crystal clear ocean waters and stretches of golden sand are the first thought for most when thinking of the Goldie, one often overlooked aspect is the hinterland.&nbsp;

National Parks are the specialty here.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199485]

From the Gondwana Rainforests of Springbrook National Park - considered one of the wettest places in Southeast Queensland - to the picturesque walking trails that lace through Lamington National Park, which attracts birdwatchers in their droves, there's something for everyone.&nbsp;&nbsp;

Mount Tamborine, the Gold Coast’s most famous former volcano, also finds its home in the hinterland, just 25-minutes from Mermaid Beach.&nbsp;

It’s in the Gold Coast Hinterland where foodies prosper as well.&nbsp;

Producers are scattered throughout this strip, specialising in everything from fruit to fudge.&nbsp;

Vineyards are also in no short supply, with local creations from regional favourites like Cedar Creek Estate and Canungra Valley Vineyard, or forgo the vino for the unique liqueurs crafted by Mount Tamborine Distillery.&nbsp;

“The sunsets that come with the hinterland, the nice pink clouds on the right day - there’s nothing like it,” he said.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199491]

Nikiforides highlighted the point that at night time, directly over the ocean, visibility is limited, reducing the incredible views to the daytime.&nbsp;

“Admittedly during the day, there’s nothing like looking over the ocean, however with hinterland views, at night there's the view to the skyline, with the twinkle of the houses, along with river views from the canals of Mermaid Waters to the west, so there's all these other little gems and hidden pieces,” he said.

“What’s really special with Ventura is it takes all of this in. &nbsp;It has water views, its hinterland views, its city skyline views, it's got it all,” Nikiforides added. &nbsp;

The remaining Ventura apartments are all situated within the corner of the development.&nbsp;

With three-bedrooms, the open-plan design allows abundant natural light into the homes, while openable windows provide cross ventilation and a further connection to the site’s surroundings.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199487]

“There’s a lot of real benefit to the remaining units,” said Nikiforides.&nbsp;

The project's unique offering of a three-bedroom apartment is a rarity for Mermaid Beach, with each complete with two-bathrooms and one or two car spaces.&nbsp;

Ventura Residences will also house a suite of residential amenities, including the recreational terrace and lounge, suspended waterfall edge pool and sun deck, al fresco dining area, Zen garden and functional gymnasium located on level five.

[smartcode_project_cta:default project_id=108737]

A step back from the famous beaches that line the Gold Coast, lies the rolling hills of the hinterland and beyond and one recent residential development showcasing the views, is Niecon's Ventura Residences. 

The quintessential Queenslander: How the Mermaid Beach Ventura Residences takes in the hinterland, the beaches and the city skyline

Sekisui House Australia has just launched a new series within the group’s masterplanned West End precinct, West Village.

Located within the recently launched Allere Collection residences, the Sustainability Series offers a considered and sustainable lifestyle with prices starting from $485,000*.&nbsp;

[smartcode_project:default project_id=114215 project_image_fid=205971]

The residences include sustainable features such as hardwood or recycled timber benches, exposed joinery, partially exposed ceilings, select environmentally preferred timber-look flooring, and induction cooktops.

The Allere Collection residents have the benefit of double the amenity with two shared rooftop spaces, where incredible pools, spas, off-leash dog space ‘Paw Pavilion’, and sunset views await.

While the residences within the Sustainability Series don’t come with a car space, residents will have access to two Tesla vehicles to accommodate, in partnership with OhmieGo - although who needs a car when West End achieves a walk score of 99/100.

Situated in arguably one of Brisbane’s most forward thinking and sustainable developments, the new release compliments Sekisui’s vision for the already green precinct.&nbsp;

[smartcode_project:default project_id=114215 project_image_fid=205973]

The Six Star Green Star Community, which is Australia’s highest rating for a master planned precinct, boasts a number of sustainable and environmentally friendly practices, including an onsite grey water treatment plant. The grey water (from laundries and showers) is sourced from two of the precinct’s residential buildings, with the treated water then used to irrigate gardens and for flushing toilets in the retail centre.

Food waste measures are also in place across the site, with up to 85 percent of the food waste from the precinct reused or composted.&nbsp;

West Village dining outlets are also encouraged to use take away packaging which can be composted or recycled, with the food waste and compostable packaging from West Village stores and dining outlets then collected and processed through the onsite organic waste pulping system. The Pulpmaster Australia system converts organic materials into soils and fertilisers, minimising the use of water and power during the process.

[smartcode_project:default project_id=114215 project_image_fid=205972]

The precinct will also have the ability to generate some of its own energy from the sun, with a 23.5 kW solar power system on the roof of The Eaves building near The Common providing some of the power to light the public spaces, while solar panels on residential buildings provide power to shared building services.

In an urban environment like Brisbane, a “heat island” can be created when materials such as bitumen and concrete absorb and hold the sun’s heat rather than reflect it. To counteract the heat island effect at West Village, around half the site plan is covered with materials which reflect heat, water features or green spaces. Around 100 mature trees and more than 15,000 plants are growing at West Village.

Public bike racks have also been located in several locations at West Village with 1600 set to be available on completion of the project. Four electric vehicle charging stations and a GoGet car share service are located on Basement 1 in the public West Village carpark, which boasts 420 public car parks.

[smartcode_project:default project_id=114215 project_image_fid=204847]

It's flaura and fauna at West Village.&nbsp;

The Richmond Birdwing Butterfly Vine, species Pararistolochia praevenosa, is grown in several locations at West Village, with the vine being the natural food source for the Richmond Birdwing butterfly, species Ornithoptera richmondia.

The Richmond Birdwing is the largest subtropical Australian butterfly and now unfortunately a vulnerable species. The idea behind growing the Butterfly Vine at West Village is to help increase the population of the butterfly.

West Village is also home to up to seven bee hives, including native stingless bees and European honey bees. The bees help to pollinate the 3,000 native plants at West Village, while playing a role in supporting biodiversity (lots of different types of plants, animals and micro-organisms) in the direct local urban environment.

West Village partners with Brisbane social enterprise group Bee One Third, with their apiarists (bee keepers) utilising traditional beekeeping methods to care for the bee population within the precinct.

[smartcode_project_cta:default project_id=114215]

Forming part of the Allere Collection, the Sustainability Series will deliver just 12 pared back, humble and flexible residences, with prices starting from $485,000*. 

Sekisui go green with Sustainability Series in Allere, West Village project

The first development of Soheil Abedian following the closure of Sunland Group has been granted approval.

Abedian's new Abedian &amp; Co venture will be developing Peerless in Mermaid Beach, not far from Sunland's successful 272 Hedges Ave which was recently completed.

The approval comes just four months after the plans for Peerless were filed with the Gold Coast City Council.

The project site at 35-41 Peerless Avenue will sit next door to the recently completed Bela by Mosaic.

<img alt="Render of the Mermaid Beach project" data-entity-type="file" data-entity-uuid="edec96ac-459a-4ee1-a9e1-325a113a13f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/screen_shot_2022-06-22_at_3.39.49_am.jpeg?VersionId=OOAF7YI4Qh.ne2DV3d9GoVD2aaMmZv5D" />

Gold Coast-based Spatium Architects designed the plans for the 124-metre high tower, which focuses on the owner-occupier, dominated by a suite of three-bedroom apartments.&nbsp;

There will be 103 apartments in total, 44 two-beds which start at a generous 117 sqm internal living space and a further 11 sqm balcony.

Some 64 three-bed apartments are planned, which will start from nearly 200 sqm internally and have nearly 20 sqm balcony space. The sub-penthouse three-beds will span half a floor.

There will be a sole four-bedroom apartment, the sprawling rooftop penthouse, which will span over 400 sqm of living space and a further 280 sqm of outdoor area which will feature its own lawn.

A landscaped elevated podium will round out the recreational offering within the tower, featuring a 25 metre lap pool with a lagoon and inpool and spa, poolside garden pods, a garden barbecue terrace with lounge seating, a gym, a yoga room and a yoga lawn, along with two saunas and a steam room.&nbsp;

Away from the pool will also be a private bar and dining room with a green roof, which can be booked out by residents, along with further work from home space, provided in the form of a lounge with a library and meeting room.

<img alt="Render of the Mermaid Beach project" data-entity-type="file" data-entity-uuid="704db858-2d97-4591-a278-6c6b30c4d6ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/screen_shot_2022-06-22_at_3.39.44_am.jpg?VersionId=LMw8atbslJObUKjiXw5iblHljOfW3Zy7" />

It is proposed the development will become a landmark building along the southern high rise fringe, with the site maintaining high visual exposure from the Gold Coast Highway and Hedges Avenue.

"The vision for this development is simple in the desire to create a carefully crafted residential project which not only provides a beautiful living environment for the residents, but also pays respect to the community in the way it integrates with its street context and the city skyline," Spatium noted in the development application.

They said that all apartments are generously sized to provide genuinely liveable spaces and that the unit mix, rather than being focused solely on high income earners, provides well designed homes for a large cross section of the community in the form of two, three and four-bedroom apartments.

[smartcode_project_cta:default project_id=113185]

Abedian gets sign off for Mermaid Beach apartment project, Peerless 

Brisbane-based, Tallis Property Group has marked themselves as an evolving, fast growing, dynamic property investment and property development company.

Since their inception, the group has strung together a rather impressive portfolio, paying particular attention to the greater Brisbane region. &nbsp;

[smartcode_project:default project_id=27815 project_image_fid=204009]

Akin is Tallis’ first South Brisbane project, with the group having already made a name for themselves in Indooroopilly with Grace and Oppo, along with projects’, Mare in Rose Bay, Kurilpa in West End, Ilmondo in Kangaroo Point, Vision in Upper Mt Gravet and Clinque in Gordon.

Positioned to take in all the burgeoning South Bank area has to offer, Akin delivers a collection of one, two, three, and four-bedroom apartments, along with a selection of sub penthouses and penthouses, boasting world-class design with intuitively integrated smart home functionality.

Soaring 30-storeys above one of Brisbane’s most sought-after precincts, the Merivale Street site straddles the edge of West End and South Bank, with Tallis Property Group&nbsp;saying there are many different aspects that set it apart from other Brisbane developments.&nbsp;

[smartcode_project:default project_id=27815 project_image_fid=185114]

“Located in one of Brisbane’s most convenient and culturally diverse neighbourhoods, Akin introduces elevated apartment living to the ever-evolving Southbank precinct. With its convenience and carefully considered, future-forward design, Akin creates a seamless lifestyle for its residents,” the team said.&nbsp; 
&nbsp; 
For example, each residence at Akin can be linked to an optional private central hub, allowing residents to customise, personalise and coordinate their home from their choice of device.

Through use of number plate recognition technology, residents will enjoy seamless access to the car park, while keys become a thing of the past, with facial recognition to access the lobby, along with passcode entry providing seamless access to each apartment.&nbsp;

[smartcode_project:default project_id=27815 project_image_fid=203985] 
&nbsp; 
Customisations aren’t only included in the technological aspect at Akin.

Residents have the option to modify their homes to their liking, with many upgrade packages available.&nbsp; 
&nbsp; 
Akin also offers up a wide variety of options surrounding its resident’s wellbeing, boasting a huge health offering, including a gym, which is home to the latest world-class techno-gym equipment, along with a yoga facility, complete with mats and bolsters, a 22-metre resort pool, heated spa, and a steam room and sauna. &nbsp; 
&nbsp; 
Akin is also home to a cinema room, a business hub, as well as a wine cellar and a private dining room which can seat up to 40 guests. &nbsp;

[smartcode_project:default project_id=27815 project_image_fid=203986]&nbsp;

Tallis purchased the site for Akin back in 2014, with the group recognising the potential of the burgeoning area long before the renaissance started.&nbsp; 
&nbsp; 
“As South Brisbane was a desired area, the site has a lot to offer with everything being very accessible, via walking or a short drive.”&nbsp;

Owner-occupiers have flocked to the project, with a number of families, downsizers and young professionals taking up stock.&nbsp; 
&nbsp; 
Only a number of three and four-bedroom apartments remain in the $180 million South Brisbane development, which is slated for completion by 2023.&nbsp;

[smartcode_project:default project_id=27815 project_image_fid=205307]

Tallis has a number of projects in the pipeline, with a house and land development planned for Upper Coomera along with a build-to-rent development in Indooroopilly.&nbsp;

The group is also adding to its New South Wales portfolio with two residential developments planned for south of the border, with a&nbsp;collection of luxury apartments set for the exclusive eastern suburbs pocket of Rosebay, as well as an apartment development penned for the upper north shore in Roseville.

[smartcode_project_cta:default project_id=27815]

Since their inception, the group has strung together a rather impressive portfolio, paying particular attention to the greater Brisbane region.  

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