New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

Queensland apartments

When the neighbouring tower to the successful&nbsp;Queen&rsquo;s Wharf Residences&nbsp;launched, developers Destination Brisbane Consortium knew they were going to be inundated with enquiry.

After launching the new&nbsp;Queen&rsquo;s Wharf Tower to market back in March, sales have been strong, with buyers eager to secure an address along the Brisbane River&nbsp;in the unrepeatable $3.6 billion Queen&rsquo;s Wharf Brisbane project.

The 71-level tower, which will soar 250 metres in to the sky, making it the sixth highest tower in the Queensland capital, will home 819 one, two and three-bedroom apartments, as well as a handful of exclusive penthouses.

[smartcode_project:default project_id=13276 project_image_fid=80731]

Located on the corner of Margaret and William Street, residences are divided into Emerald, Ruby and Diamond tiers, in addition to the Penthouse Collection, designed by&nbsp;Cottee Parker&nbsp;to take advantage of either city, Botanic Gardens, or river views.

The joint development venture, led by The Star Entertainment Group along with its Hong Kong-based partners Chow&nbsp;Tai&nbsp;Fook&nbsp;Enterprises and Far East Consortium, have brought forward the release of the three-bedroom Diamond Residences within the tower, due to the overwhelming demand. They&#39;ll be located on the upper levels of the tower, high above the neighbouring buildings with some of the best views in Queensland.

[smartcode_project:default project_id=13276 project_image_fid=202826]

The Diamond Residences are located on levels 49 to 70 and feature&nbsp;Gaggenau appliances, natural stone benchtops and feature 2Pac joinery as standard. They are designed to take in as much of the outdoors as possible,&nbsp;lift and tilt windows included so the alfresco spaces can be enjoyed at any time of year.

Sustainability has been prioritised within Queen&rsquo;s Wharf Tower, boasting a 6 Green Star Design and As-Built rating, as well as EV-compatible car parks for residents.

[smartcode_project:default project_id=13276 project_image_fid=202825]

Queen&rsquo;s Wharf Tower will be the fifth sky tower in the seven-hectare integrated resort development upon completion in 2025, with construction slated for 2023.

While the entire precinct is set to boast world-class amenity, Queen&rsquo;s Wharf Tower will also be home to some of its own exclusive residential amenity, including a 25-metre lap pool and lounge pool, a poolside lounge and cabana, a wellness centre and gym, a steam room, sauna, and magnesium plunge pool, cinema and sound lounge, as well as a range of libraries, bars, wine lounges and dining spaces.

[smartcode_project_cta: project_id=13276]

The 71-level tower, which will soar 250 metres in to the sky, making it the sixth highest tower in the Queensland capital, will home 819 one, two and three-bedroom apartments, as well as a handful of exclusive penthouses.



alisonwarters@gmail.com

Queens Wharf Tower Diamond Residences fast-tracked to meet demand

Construction has begun on Sydney-based Garfield Developments, Gold Coast apartment project, Aspire.

Following months of due diligence, Aspire ticked off their long list of criteria to begin the construction phase on their exclusive beachfront Surfers Paradise residences.

[smartcode_project:default project_id=111652 project_image_fid=197880]

Comprising just 37 residences over 24-levels, the boutique collection of full-floor and half-floor residences, along with an exclusive two-storey penthouse offer absolute beachfront living, in a modern, contemporary design.

With full development approval in place and demolition starting, prospective buyers can check out the newly-opened display suite at 4 Charles Avenue, Broadbeach, on the ground floor of Oracle, showcasing life inside an Aspire apartments.

The display suite includes a full kitchen and bathroom, as well as the same luxury finishes found in each of the apartments, such as flooring, cabinetry and tapware, with Kollosche New Projects also on-hand to provide a 3D tour of the three and four-bedroom residences.

[smartcode_project:default project_id=111652 project_image_fid=197882]

Developed by the Sydney-based group, Aspire will land on the enviable Garfield Terrace beachfront.

Each of the half-floor apartments span between 207 sqm and 217 sqm of space, with the six full-floor apartment offering an expansive 414 sqm of space.

Crowning the tower is the two-level penthouse, which covers 716 sqm of internal space.

Designed by&nbsp;<a aria-label="Mosca Pserras Architects - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="na" data-uw-styling-context="true" href="/news/profiling-woods-bagots-role-in-western-sydney-universitys-new-liverpool-campus" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/profiling-woods-bagots-role-in-western-sydney-universitys-new-liverpool-campus$moscapserrasarchitects">Mosca Pserras Architects</a>,&nbsp;each apartment has been crafted with sophisticated comfort and luxury in mind, featuring high-end fit outs from European Oak floors to Gaggeneau appliances.

[smartcode_project:default project_id=111652 project_image_fid=197885]

Aspire will also be home to an exclusive suite of residential amenity, including a luxury infinity pool, a gym with a yoga room,&nbsp;a steam room and&nbsp; infra-red sauna,&nbsp;barbecue facilities, a&nbsp;bar and residents'&nbsp;lounge, a modern office space with a conference room, and a surfboard/sports store room.

[smartcode_project_cta: project_id=111652]

Aspire construction phase begins

Construction of the $1 billion Broadbeach development, Victoria &amp; Albert, is looming, following a $200 million sales spree at the Gold Coast apartment project.

The biggest demand for the project, which will rise from the current Niecon Plaza which will soon be demolished, has come from interstate buyers seeking a sea change.&nbsp;

Colliers Gold Coast Residential director, David Higgins said the project had seen strong interest from the interstate market, accounting for 80 per cent of the sales so far.

[smartcode_project:default project_id=107928 project_image_fid=178909]

&ldquo;Many buyers have been enticed by the project&rsquo;s proximity to key lifestyle amenities and the ground floor activation which is set to reinvigorate the heart of Broadbeach with a world class retail and dining precinct,&rdquo; Higgins said.

The 399-apartments are spread over&nbsp;two towers &ndash; Victoria and Albert &ndash; the first catering to an investor market and the second to an owner-occupier market.

The project&rsquo;s Albert tower hit the market just four weeks ago, sparking a tidal wave of interest from Sydney and Melbourne buyers.

[smartcode_project:default project_id=107928 project_image_fid=184933]

&ldquo;The response since the launch of Albert has been incredible,&rdquo; Higgins said.

&ldquo;Southern buyers looking for their new home in the heart of the city&rsquo;s lifestyle mecca have jumped at the opportunity to secure a home in V&amp;A,&rdquo; he added.

&ldquo;With demolition now underway, we are looking forward to soon having a collection of high- quality homes to showcases for our new residents.&rdquo;

As demolition of the Niecon Plaza precinct officially kicks off, construction of the two V&amp;A towers is anticipated to start in the coming months, delivering 399 apartments, alongside an activated ground floor public precinct, with extensive food and beverage, high-end retail and commercial spaces. &nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184936]

Iris Capital CEO, Sam Arnaout, said the group is in final discussions with a builder, which they expect to have locked in by mid-August.

&ldquo;The start of demolition marks an exciting step forward in the delivery of V&amp;A&nbsp;Broadbeach, and we look forward to seeing our vision come to life over the coming few years,&rdquo; said Arnaout.

&ldquo;We have spent a lot of time ensuring a project of this scale was deliverable in the current climate and we are proud to today be embarking on the first major construction milestone.&rdquo;

The project is expected to take roughly three and a half years to complete, with completion slated for January 2026.

[smartcode_project:default project_id=107928 project_image_fid=180734]

The billion-dollar project is expected to create some 400 to 500 hundred jobs over the coming years, from construction through to completion, providing a boost to the construction industry and the Broadbeach region.

[smartcode_project_cta: project_id=107928]

The project’s Albert tower hit the market just four weeks ago, sparking a tidal wave of interest from Sydney and Melbourne buyers.



Interstate buyers dominate $200m spending spree at Iris Capital's V&A Broadbeach apartment development as construction looms

The latest apartments to hit Newstead, the sought-after inner-Brisbane suburb, are closer to fruition.

Brisbane-based boutique property developers DibCorp has signed on LPS Group to handle the construction of their apartment project Bide, which&nbsp;will deliver 89 residences to 29 Longland Street upon completion in late 2023.

The suburb has positioned itself as a popular choice among developers, sitting just three kilometres from the CBD, with significant investment into infrastructure evolving the area into a dynamic lifestyle, commercial and entertainment hub.

[smartcode_project:default project_id=102309 project_image_fid=163974]

With construction in full swing for LPS on Bide, just a limited number of apartments from the City View Collection remain, offering a mix of two and three-bedroom floorplans.

The two-bedroom residences in the collection kick off from $ $810,000, while the three-bed Skyhomes come in from $ 1,350,000, across roughly 146 sqm, with a focus on wellbeing and liveability across the entire project.

A collaborative group are behind the architecture and landscape design at Bide, with DibCorp engaging Brisbane locals, Twohill and James, Wiltshire Stevens Architecture and Lat27.

[smartcode_project:default project_id=102309 project_image_fid=203218]

The residential amenity within Bide has also been designed with a focus around lifestyle and wellbeing.

The 600 sqm lush garden, known as Bide Gardens, will home private cabanas and barbecue facilities, designed as a place to relax and unwind for residents as well as an additional space within the project where buyers can work-from-home. &nbsp;

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" scrolling="no" src="https://www.youtube.com/embed/1IRZjTJ6tZ8" title="YouTube video player" width="660"></iframe>

LPS Group said it has been an exciting three months for the group, planning and procuring subcontractors to deliver the job.

The group has a busy few months ahead of them, with plans to dig down a three-level basement and then build up slated to be completed by around Christmas.

[smartcode_project_cta: project_id=102309]

Brisbane-based boutique property developers, DibCorp has signed on LPS to handle the construction of their apartment project, Bide, while will deliver 89 residences to 29 Longland Street upon completion in late 2023.



LPS to construct DibCorp’s Newstead apartment project, Bide

South-east Queensland residential developer TRK Property Group has lodged plans for a two-tower apartment development on a disused site at Indooroopilly.

The group amalgamated the site over two years, with a budget motel to make way for the residential development.

<img alt="" height="1336" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.50.29_pm.png" width="1340" /> 
Render of the proposed residential development&nbsp;at 140 Central Ave, Indooroopilly. Credit: Rothelowman

Landing in the heart of Indooroopilly at 140 Central Avenue, TRK&rsquo;s latest project will comprise 127 apartments across two seven-storey towers, as well as six two-storey terrace homes.

Designed by renowned architects, Rothelowman, the project expects to attract interest from young families and downsizers, with a mix of two and three-bedroom residences on offer at the riverside suburb site.

A subtropical promenade creates a divider between the residential buildings, with the space set to activate the ground plane.

From the curation of the subtropical native landscape, Rothelowman have maintained a focus on connection to nature and openness throughout the entire design of the project.

<img alt="" height="1334" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.51.02_pm.png" width="1334" /> 
Render of the proposed subtropical landscaped promenade at the140 Central Ave, Indooroopilly development. Credit: Rothelowman

Operable facades and the design of voids give residents maximum access to natural light and ventilation, while the living areas all connect to generous semi-enclosed outdoor spaces, with the Terrace Home residents benefitting from access to private subtropical native landscapes.

&ldquo;140 Central Avenue will provide local residents in the highly desirable established suburb of Indooroopilly with an authentic subtropical architecture that connects people with their environment,&rdquo; Rothelowman said in their architecture plans.&quot;

&ldquo;The now heightened global awareness of the ecological importance for humanity&rsquo;s relationship with the planet can be addressed holistically through both lifestyle choices and people&rsquo;s relationship with evolved urban living environments.&rdquo;

<img alt="" height="872" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.50.43_pm.png" width="2198" /> 
Render of the proposed residential development&nbsp;at 140 Central Ave, Indooroopilly. Credit: Rothelowman

&ldquo;In this project all aspects of the architecture and interiors are conceived as one and with a humanist agenda. Design strategies are employed in plan and three dimensions to promote connection with nature, natural light, ventilation and sense of space within all apartments.&quot;

Crowning the seven-storey tower facing Central Ave will be a residential rooftop space, complete with a pool and landscaped garden.

The development is also set to comprise a gym, sauna, children&rsquo;s play area and informal work-from-home spaces across the site as well.

<img alt="" height="1322" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.52.00_pm.png" width="2192" /> 
Render of the proposed residential development&nbsp;at 140 Central Ave, Indooroopilly. Credit: Rothelowman

Designed by renowned architects, Rothelowman, the project expects to attract interest from young families and downsizers, with a mix of two and three-bedroom residences on offer at the riverside suburb site.



Indooroopilly set to welcome new apartment development at 140 Central Ave

Gold Coast developers Aniko Group has achieved a near sell-out ahead of construction on their Hope Island project, 35 Grant Avenue, prompting the group to fast track construction within weeks.

The $58 million development achieved sales success before the official launch of the luxury waterfront project, driven by strong demand from local buyers looking to secure a position in one of the northern Gold Coast&rsquo;s most sought-after lifestyle suburb.

[smartcode_project:default project_id=95316 project_image_fid=184674]

Over 90 per cent of the total 58 townhouses and duplex villas have already been sold, achieving over $53 million in sales to date, with just five residences remaining &ndash; including two waterfront villas.

The $53 million in sales achieved by Aniko represent an average price of $1 million for 35 Grant Avenue, which Aniko Group Managing Director&nbsp;George Mastrocostas said highlights the continued strength of the market for quality residences at Hope Island.

&ldquo;35 Grant Avenue has appealed to a broad cross-section of buyers from singles, couples, families and retirees,&rdquo; Mastrocostas&nbsp;said.

&ldquo;All have been drawn by the waterfront lifestyle afforded by the location and the level of amenities we have included to elevate the residential offering.&rdquo;

[smartcode_project:default project_id=95316 project_image_fid=201429]

Prices for the remaining residences range from $875,000 for townhouses to $1.5 million for the waterfront villas which come with a private waterfront plunge pool.

&ldquo;35 Grant Avenue has been designed as a stand-out development for the Hope Island waterfront precinct by bringing a sense of space and proportion through the inclusion of extensive open areas on site.&rdquo;

Designed for resort-style living, the development will feature a range of state-of-the-art amenities for residents including a spacious pool area with sun-beds and outdoor showers, a communal herb garden, barbecue facilities and a fire pit.

Set in a gated community, featuring an expansive park precinct with meandering walkways and gardens, a number of the townhomes will connect directly to the community&rsquo;s central park and pool recreation areas.

[smartcode_project:default project_id=95316 project_image_fid=201989]

Also available is a select number of marina berths that provide bridge free access to the Gold Coast&rsquo;s aquatic playground of island waterways and the Broadwater, with access exclusive to the residents.

The latest development adds to the company&rsquo;s portfolio of projects at Hope Island, totalling more than $500 million over the last three years, with 35 Grant Avenue set to build on the company&rsquo;s three previous successful projects.

[smartcode_project_cta: project_id=95316]

Over 90 per cent of the total 58 townhouses and duplex villas have already been sold, achieving over $53 million in sales to date, with just five residences remaining – including two waterfront villas.



Aniko Group fast track construction of 35 Grant Avenue as Hope Island project edges closer to sell-out

Gold Coast builder and developer John Kearney, head of the well known local building firm Greyburn, has secured development approval for a seven-storey apartment project in the heart of Coolangatta.

Positioned within the highly sought after and quiet residential Kirra Hill pocket,&nbsp;the project will deliver beachside apartments, within walking distance of some of Coolangatta&rsquo;s most iconic beaches and best amenity on the Gold Coast.

Kearney, who has over 35 years of experience developing in the South-East Queensland region, said they were excited to deliver the project, which will come to a market that is in high demand. &nbsp;

&ldquo;Our team lives and breathes the Gold Coast so we want to position our projects in areas that inspire a great lifestyle,&rdquo; Kearney said.

Located on a prime corner site at 30 Garrick Street, just 350 metres from Coolangatta Beach, the project will deliver 40 two-bedroom apartments with an average size of 105 sqm.

All apartments will feature two bathrooms, in a range of floorplans, with smaller affordable options, to larger more spacious layouts with additional study areas.

High ceilings will provide natural light throughout, while considered interior designs encourage cross-ventilation.

&ldquo;30 Garrick Street is designed to suit a wide-range of buyers seeking a high-quality, well- designed apartment that offers a relaxed beachside, walk-to-wherever lifestyle,&rdquo; Kearney said.

&ldquo;Our plans for the project are founded on providing well designed high, quality residences close to the beach with a focus on highly usable floor plans,&rdquo; Kearney added.

&ldquo;Our design considers a wide sector of the market from downsizers wishing to stay within proximity to their existing detached dwellings to young couples seeking proximity to the beach and employment.

&ldquo;The position enables residents to park their car in the secure basement and walk to everything their lifestyle requires whether it be basking on the beach or walking the ocean way path until they need to stop and enjoy world class coffee and food. Not to forget the daily ritual of immersing in the Pacific Ocean.&rdquo;

Crowning the project will be a rooftop pool and barbecue area, complete with outdoor dining space and relaxation zones, encased in lush tropical greenery.

The ground floor will cater for modern apartment living with a surf shower, a secure parcel room, a function room, as well as work-from-home space.

Kearney&rsquo;s Greyburn has been able to navigate the challenges of the building industry of late, recently stepping up to complete construction of Fraser Property Group&rsquo;s $121 million master-planned community, Minnippi Quarter in Brisbane, following the collapse of Condev Constructions.

Greyburn portfolio includes a spat of successful residential and commercial projects in SEQ, including Palladium, comprising 39 double-storey townhouses at Hope Island, along with the ORO Apartments, which delivered a boutique collection of luxury apartments at Biggera Waters.

Kearney plans to officially launch 30 Garrick Street to the market in the coming months.

[smartcode_project_cta: project_id=112169]

Located on a prime corner site at 30 Garrick Street, just 350 metres from Coolangatta Beach, the project will deliver 40 two-bedroom apartments with a spacious average size of 105 sqm.



Greyburn gains approval for apartment development in the heart of Coolangatta 

The long sought-after Queensland stretch hasn’t slowed down despite the rising construction costs and volatile building sector.

Colliers recently reported that strong population growth, a fast-growing economy and more than $20 billion in infrastructure and investment ahead of the 2032 Olympic Games are just some of the things that will continue to drive the Gold Coast property market over the next decade.

While a string of luxe projects have cropped up around the region, many have a number of options for those looking to get their start in the property market.

We’ve taken a look at some of the best Gold Coast apartments currently on the market under $700,000.

<h2>Seaclusion, Palm Beach</h2>

<h2>Price: From $695,000</h2>

Rarely is there an opportunity to secure a brand new apartment in Palm Beach for under $700,000. Enter Seaclusion.

[smartcode_project:default project_id=107136 project_image_fid=202030]

The newly launched project at 4 Twenty First Avenue has a handful of one-bedroom apartments under $700,000 in the block of 40.

It's being developed by the local Dorr family, who have lived at the prime dress circle spot for over seven decades. The Dorr family actually built the home just 40 metres from the beach,&nbsp;which is soon to be demolished to make way for the&nbsp;nine-level development.

[smartcode_project:default project_id=107136 project_image_fid=202031]

The amenity is located on the roof, where there's a north-facing pool with both ocean and hinterland views, as well as a barbecue area.

Pezet Matheson Director Todd Matheson says Seaclusion is a rare offering for Palm Beach.

"Nobody builds one and two-bedroom apartments at this price point on the beach side of the highway," Matheson says.

"Most apartment developments on the beach side are half or full floors, and can start anywhere from $2.5 million to $4 million."

<h2>Tapestry, Chevron Island</h2>

<h2>Price: From $725,000</h2>

The&nbsp;Brisbane-based boutique developer, Siera Group, fronted by Founder and Managing Director Brent Thompson, made the trip down to the Gold Coast for their inaugural apartment project.

[smartcode_project:default project_id=108641 project_image_fid=192963]

The Chevron Island, Tapestry, is a 22-level, arts-inspired apartment tower, designed to be in keeping with&nbsp;<a aria-label="Chevron Island - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" href="/developments/chevron-island-qld-4217" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/developments/chevron-island-qld$chevronisland">Chevron Island</a>’s growing standing at the cultural arts hub of the Gold Coast.

Due to high demand in the early stages of marketing, Siera recently received approval for the addition of another five levels to the tower, with the extra apartments to fill the demand in the area.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Locals, BDA were tasked with handling the architecture for Tapestry, with Siera also engaging local artist, Tania Blanchard, to create an artwork which will hang in the lobby of the 113-apartment tower when completed.

The two-bedroom apartments come in at $699,000, sharing the space with two-bathrooms, across 100 sqm, along with one car space.

The rooftop amenity at Tapestry is set to rival the best on the Gold Coast, featuring a private dining space, which can be closed off to the rest of the rooftop, an infinity pool with views across Surfers Paradise, a gym, and outdoor lounge areas.

<h2>Marine Quarter | Scenic Tower</h2>

<h2>Priced from: $695,000</h2>

As the only approved residential development on the Broadwater Parklands, Marine Quarter is positioned on the waterfront side of Marine Parade.

[smartcode_project:default project_id=7007 project_image_fid=187505]

Melburnians, BuildCap made the trip to the Gold Coast region of Southport, constructing two soaring towers; the sold out Oceanic Tower and the Scenic Tower.

Following the success of the Oceanic Tower, BuildCap launched apartments in the second tower back in March, with both towers designed by WallaceBrice Architecture.

Marine Quarter comprises a collection of two and three-bedroom apartments, as well as skyhomes, with the two-bedders starting from $575,000.

[smartcode_project:default project_id=7007 project_image_fid=187485]

Covering 89 sqm, the residences feature two-bathrooms along with one car space, with floor-to-ceiling glass maximising views throughout.

Complementing the popular Oceanic Tower, Tower Two is curated in a timeless, natural palette, with modern open-plan layouts encouraging interaction, while versatile multi-functional spaces adapt to everyday life.

The 31-level Scenic Tower is home to both north and east-facing apartments, with the tower also featuring an exclusive rooftop lounge area and pool.

<h2>Nina, Chevron Island</h2>

<h2>Price: From $725,000</h2>

The contemporary&nbsp;Chevron Island&nbsp;apartment development, Nina, by&nbsp;Macquarie York, has two-bedroom apartments priced from $725,000.

The $90 million development will soon rise at 8-10 Parneno Street, just around the corner form the under-construction Allure, another one of Macquarie York's projects.

[smartcode_project:default project_id=108640 project_image_fid=186291]

Nina will have&nbsp;78 apartments over 23 storeys, including a selection of six premium skyhomes and two multi-level penthouses that offer views east to the Pacific Ocean and west to the Gold Coast Hinterland.

On the ground floor residents will have access to a secure bike storage area at the building’s entry, while a mezzanine level above the ground floor will host a wellness centre to include a yoga deck, a large gym, sauna and shower facilities, all set in lush landscaping.

<h2>Rivea, Surfers Paradise</h2>

<h2>Priced from: $645,000</h2>

On the banks of the Nerang River, Rivea stands poised at a unique juncture between the beach, the city of Surfers Paradise, and the Gold Coast Hinterland.

[smartcode_project:default project_id=100371 project_image_fid=194516]

Rothelowman are behind the design of the Auriton Group Development, with the 102-apartment tower home to a mix of two and three-bedroom apartments.

Starting from $645,000, the two-bedders span 95 sqm, with two-bathrooms as well as an additional study space.

From the front entrance of Rivea, it’s a straight line down Frederick Street to the beach just a few hundred metres away.

[smartcode_project:default project_id=100371 project_image_fid=194518]

Not far to the south, residents will find a fishing spot at Neddy Harper Park, the lushly forested Cascade Gardens, and a long strip of surf clubs, parks, and playgrounds running down the foreshore from Broadbeach Park.

The long sought-after Queensland stretch hasn’t slowed down despite the rising construction costs and volatile building sector


The top five off the plan Gold Coast apartments under $750,000

The longtime local South East Queensland home builder turned apartment developer Choice Homes has broken ground at its $100 million Coomera apartment complex, Oakey Bay.

FKG Group is constructing the first stage of the three-tower&nbsp;project within the Coomera Marine Precinct, which will see 54 apartments created in Riverside Tower. Around 90 per cent of stage one are under contract, from a mix of local and interstate buyers.

The build will take place across three stages, creating over 167 apartments upon completion, along with providing a boost for employment in the region for trades, supplier and local businesses for the projected, next three to four years.

[smartcode_project:default project_id=108412 project_image_fid=201784]

Completion has been slated for mid-2023 for the first tower, with remaining apartments priced from $527,000.

Choice Homes Group Director&nbsp;Troy Knight&nbsp;says the company had engaged with several builders in a selection process, which eventually identified FKG as the ideal contractor to meet the demand for housing in the northern end of the Coast.

&ldquo;Choice has extensive experience building smaller-scale apartment projects, which have won awards, but thought it best to engage a well-reputed leading contractor for something of this size as it will be the largest in the area,&rdquo; Knight says.

&ldquo;FKG have a long history in the industry and are known for delivering outstanding building and engineering projects across Queensland, NSW, and the Northern Territory, so are well equipped to deliver what we&rsquo;re after.&quot;

[smartcode_project:default project_id=108412 project_image_fid=201805]

Oakey Bay will comprise a mix of two and three-bedroom apartments, averaging 110 sqm in size, set amid a resort-style environment which will home two pools, a tennis court, barbecue facilities, and a gym.

According to a recent report by Urbis, demand for homes, including high-density accommodation, has outstripped the existing property market.

The report identified a shortage of land has led to a surge in apartment sales across the Gold Coast - of up to 97 per cent in 2021 &ndash; reinforcing the decision for the developers on the location and timing of the project.

The family-owned developers won&nbsp;the 2018 Housing Industry Association Apartment Complex&nbsp;of the Year Award for its 101 Pohlman Street development in Southport.

[smartcode_project_cta: project_id=108412]

Following strong pre-sales, the three-tower project within the Coomera Marine Precinct, is set to offer a suite of boutique residences and amenities in the burgeoning Northern Gold Coast region.



Choice Homes breaks ground at Coomera Marine Precinct apartment development, Oakey Bay

Local apartment seeker Lyn&nbsp;Pearsall&nbsp;only spent 10 minutes in the Tapestry display suite before signing off on one of the biggest apartments in the artistic Chevron Island project.&nbsp;

&ldquo;I&nbsp;rang my daughter and said that i&#39;m going to sign a contract at the launch, I was only there for 10 minutes,&quot; Pearsall, who lives not far from the Darrambal Street development,&nbsp;said.

Her daughter came over to have a look and her immediate response was &quot;we&#39;re buying the top floor.&quot;

Pearsall, who had been researching her next purchase for around 12 months,&nbsp;brought forward her purchase, having had the intention of buying an apartment in 2023.

Pearsall intended on buying the ground floor apartment, because of her dog and she wanted a big outdoor area, however she was sold on the abundance of space on one of the upper level apartments, as well as the extensive amenity on offer.

&ldquo;The facilities are awesome,&quot; Pearsall said, adding that she&#39;s already started planning to have her girlfriends over in the private dining space.

[smartcode_project:default project_id=108641 project_image_fid=192969]

&quot;The fact the facilities are on the top floor is a real cool because the developer usually wants the maximum with a penthouse but they&#39;ve decided to put the facilities on the top which I think is a great positive.&quot;

The rooftop amenity will rival the best on the Gold Coast. It will feature a private dining space which can be closed off to the rest of the rooftop, an infinity pool with views across Surfers Paradise, a gym, and outdoor lounge areas.

[smartcode_project:default project_id=108641 project_image_fid=192963]

The community garden was also another big tick for Pearsall.

&ldquo;The big attraction is coming from a home where you have a garden to an apartment where you don&rsquo;t &ndash; and so here they&rsquo;ve incorporated a community garden and I know others that I&#39;ve spoken to are really excited about that.&quot;

[smartcode_project:default project_id=108641 project_image_fid=192972]

Speaking on her display suite experience, Pearsall said the conversations with the team were very informative, which gave her confidence in her purchase.&nbsp;

&quot;I think the Tapestry brand, once you buy in, you become a part of the family because&nbsp;you are included and asked for your feedback.&quot;

Siera Group Founder and Managing Director Brent Thompson says their residents are the most important part of their&nbsp;projects.

&quot;Creating our Tapestry development to suit its future occupiers every need sat at the forefront of our design process,&quot; Thompson says.

[smartcode_project:default project_id=108641 project_image_fid=192961]

&quot;The personal journey of our buyers and their experience with Siera is something we strive to make not only exciting, but seamless.

&quot;As we walk alongside our residents across every step of their buyer journey, we hope to form foundations across our projects from now and into the future.&quot;

The development approved Tapestry, which will rise 22 levels&nbsp;from 39 Darrambal Street on the prized east-side of Chevron Island, is Siera Group&#39;s first foray into the Gold Coast apartment market, having had success for a number of years developing in Brisbane&#39;s inner ring.

Local architecture fir BDA created the 113-apartment project, with the brief to merge art with architecture.

[smartcode_project_cta: project_id=108641]

&nbsp;

Speaking on her display suite experience, Pearsall said the conversations with the team were very informative, which gave her confidence in her purchase

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