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

Southbank

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A penthouse in the luxury Melbourne Square development in Southbank, has sold for $3,434,000.

The four bedroom penthouse sits in the part of the 68 level tower called The Coulture Series, which begins from level 55 through to 68 and offers the three to five bedroom apartments.

[smartcode_project:default project_id=2929]

The Coulture Series apartments can be tailor by the buyer before the apartment constructions begins, in collaboration with Cox Architecture, Carr Design and HUB Furniture.

The 64 level penthouse that just sold has four ensuited bedrooms and large living and dining areas with views across Melbourne.

<img alt="" height="794" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_square_penthouse_bedroom.jpg" width="1200">

CBRE director Andrew Leoncelli secured the sale. 

Melbourne Square is being developed by OSK Property on Southbank's Kavanagh Street. There will be a 3,700 sqm park and retail precinct, anchored by Woolworths, which also includes a number of restaurants.

<a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank"><img alt="" height="839" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_square_urban.jpg" width="1200"></a>

Two bedroom apartments start from $701,000 which qualifies buyers for the 50 per cent stamp duty savings. Three bedrooms start from $1,161,000.

For a limited time, buyers of two or three bedroom apartments can secure a Life &amp; Style Edition package worth over $30,000, which includes Coco Republic furniture, integrated DARWIN by Delos wellness technology, Samsung white goods and a voucher for The Plant Society.

 
 
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The 64 level penthouse has four ensuited bedrooms and large living and dining areas with views across Melbourne.



Melbourne Square penthouse sells for over $3.4 million

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Urban’s three favourite things about Normanby, Southbank:

<ul>
<li>The integration of community with residential and hotel services linked.</li>
	<li>The sculptural jewel design of the tower.</li>
	<li>Spacious one, two- and three-bedroom residences with stunning city and bay views.</li>
</ul>
<a href="/buildings/normanby-199-201-normanby-road-southbank"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/normanby-199-201-normanby-road-southbank-af17d2db1877c66f4bfc0dcb7a5827bf.jpg" style="width: 587px; height: 420px;"></a> 
Nestled in Australia’s largest urban renewal precinct, with the CBD, Southbank and Fishermans Bend on its doorstep, Normanby offers the very best of Melbourne living. 
Normanby is more than just a home, it is a unique lifestyle offering where you will be living atop Australia’s first AC Hotels by Marriott. Residents of these private high-end apartments will be able to join the exclusive hotel membership and access services and amenities provided by the hotel, including, the infinity pool, gymnasium, concierge services, room service, housekeeping and much more. <a href="/buildings/normanby-199-201-normanby-road-southbank"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/normanby-199-201-normanby-road-southbank-4e3aefa1e5da74d50a9cb966e13cf8ba_0.jpg" style="width: 618px; height: 420px;"></a> 
These oversized one, two- and three-bedroom apartments are well suited for the current market needs, and offer quality living with lots of space that allows you to work from home. Each apartment also comes with its own storage room located on the same level as your apartment. To uphold the exclusivity and safety for all residents, no short-term leasing, including Airbnb, is permitted within the building. 
The 40-story Normanby is about to become a new Melbourne icon, with captivating views overlooking the city and bay. Delivered by Capital Alliance and DKO Architecture, and built by Crema. 
Construction is well underway and expected to be completed in September 2021. <a href="/buildings/normanby-199-201-normanby-road-southbank"><img alt="" src="https://www.urban.com.au/new-apartments/normanby-199-201-normanby-road-southbank" style="width: 688px; height: 420px;"></a> 
  
Normanby services and amenities:

<ul>
<li>Infinity pool</li>
	<li>Gymnasium</li>
	<li>Lounge area</li>
	<li>Services provided by AC Hotels by Marriott including:</li>
	<li>Concierge services</li>
	<li>Room service </li>
	<li>Housekeeping</li>
</ul>
<a href="/buildings/normanby-199-201-normanby-road-southbank"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/normanby-199-201-normanby-road-southbank-89d6a309b36e4dd9d4e264cae3c4fbee_0.jpg" style="width: 694px; height: 420px;"></a>
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urban.com.au

Normanby rises with Fishermans Bend on its doorstep

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Residences in the new Australia 108 apartment complex, the tallest residential building in the southern hemisphere, have hit the market.

Located in Melbourne’s Southbank, the Australia 108 tower was designed by Fender Katsalidis and pays homage to the Australian flag with a rotated golden structure protruding from the building.

The 161 Cloud Residences are located between 210 metres and 319 metres above ground across the tower’s 72 through 100 floors, atop the building’s iconic Starburst feature. A collection of four limited edition Nova sub-penthouses are also on offer. Located on level 97 the three-bedroom, three-bathroom apartments span up to 200 sqm. They have price tags between $4,746,000 and $5,558,000.

The Cloud Residences also represent some of the most expensive residential apartments real estate in the nation, with prices between $1.9 million for a three bedroom and $25 million for the statement trophy 797 sqm penthouse, the most expensive apartment sold in Australia at the time of its sale in 2015.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cloud_living_room.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/cloud_living_room.jpg?itok=ARb2IetD" width="580"></a>

<figcaption>Cloud Residence Living Room</figcaption></figure>Prices for a one-bedroom, one-bathroom apartment start from $470,000 and two-bedroom, two-bathroom starting from $630,000. The apartment's amenities include infinity pools, sauna and steam rooms, a private cinema and sophisticated dining and lounge rooms. Carr Design has curated the interiors of the units.

Australia 108 is located a three minute walk from the Crown Casino and entertainment complex and a seven minute walk to Flinders Street Station.

World Class Land, who developed the project, are also working on 30 Albert Street in Brisbane which is set to rise to over 270 metres.

Other projects by the developers include Melbourne’s Avant, located on 54 A’Beckett Street.
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Offerings include four limited sub-penthouses located on level 97 which starts from $4,746,000.

Apartments in Melbourne's Australia 108, the Southern Hemisphere's tallest residential tower, listed for sale

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Property developer, <a href="/developers/time-place" target="_blank">Time and Place</a>, have recently purchased an off-market 940sqm landholding from vendor New Sky Group for an estimated $29 million. 

Time and Place is collaborating with Callum Fraser (<a href="/architects/fraser-partners-0" target="_blank">Elenberg Fraser Architects</a>) on design iterations for the project’s previous planning permit which was <a href="https://www.planning.vic.gov.au/__data/assets/pdf_file/0028/94924/09-2013009634-84-90-Queens-Bridge-Street,-Southbank.pdf" target="_blank">submitted in 2014</a>. 

The residential collection will meet the rising demand for urban housing, offering security, comfort and a sound investment, accommodating dynamic, modern lifestyles. 

Located in the Crown precinct, the <a href="/developments/southbank-vic-3006">84-90 Queensbridge Street </a>development will focus on activating the public space, with a strong focus on sustainability and design. Residences will offer 128 one bedroom apartments, and a mix of two and three bedroom options within the 62-level high-rise. The building management will also provide services such as running errands, cleaning, linen supply, dog walking and car washing. 

The suburb of Southbank is also set to undergo a dramatic transformation over the next few years due to the City of Melbourne’s $38m City Road Masterplan Project. 

<figure><a href="/developments/southbank-vic-3006"><img alt="" class="image-article_full_width_580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/timeplace_queensbridge_street_frontage.jpg?itok=CFPzEc38" title="84-90 Queensbridge Street. Image supplied." width="580"></a>

<figcaption>84-90 Queensbridge Street. Image supplied.</figcaption></figure>Time and Place Director, Tim Price, explains that the site presents an exciting opportunity to deliver a project unlike others seen in Melbourne before. 

“Southbank has become renowned for glass towers, this won’t be another one of those. We’re looking to deliver something edgy, with a New York feel, and activate a space that the public will want to engage with. 

We’re pulling together a team of market leaders who share our values to create a project with a strong legacy that will have a lasting impact on Southbank and help its transition into one of Australia’s most livable suburbs.”

Sales for this development should start in the first quarter of 2021, and apartments are predicted to sell at an average rate of $11K to $12K per square metre.
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linda_53241

Developer Time & Place acquire coveted $29m Southbank site for new multi residential development

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Australian real estate developer, Beulah International, has gained approval from the Victorian State Government to develop their $2 billion Southbank by Beulah project.
The Green Spine building, set to become Australia’s tallest tower, will be composed of two towers, both with a twisting geometric class façade and terracing and has been conceived as a conceptual extension of the Southbank Boulevard.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/Beulah_SBB_GreenSpine_Podium.jpg" alt="">
Soaring to 365 metres and spanning 270,000sqm, the mixed-use precinct desires to become an unprecedented, globally recognised vertical village.
Southbank by Beulah was conceptualised alongside Dutch design firm UNStudio and local firm Cox Architecture — a refinement of their winning concept from the 2018 Southbank by Beulah global architecture competition.   The vertical village will comprise of four distinct collections of private residences, public and green spaces, including a five-star urban resort, world class experiential retail and commercial offices.
Other features include a rooftop sky garden, town hall, childcare centre, a health and wellness precinct and arts and culture spaces and programs.
 
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Southbank by Beulah to become Australia's tallest vertical village 

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Melbourne Square developer OSK Property has unveiled plans for a 38,000 square metre 29 level office in Southbank that its architects say incorporates many of the key features tenants will be prioritising in the post COVID-19 era.
With a design that focuses on amplifying the workspace’s relationship with the outdoors in addition to the integration of some of the highest sustainability and wellness technology, MSQ Commercial places the health and wellbeing of its occupants at its heart.
Located within the developer’s award-winning Melbourne Square precinct, MSQ Commercial is designed by COX Architecture to an A-Grade standard with open floorplates of up to 1,870 square metres enabled by an innovative and practical side-core design.
COX Architecture Director Paul Curry said its design principles were representative of how offices would likely change in the post COVID-19 era.
“COVID-19 has accelerated workplace trends towards remote working and it has raised the question as to what the office of the future will look like. Long-term outcomes will likely lead to a greater need from workers to enjoy fresh air and light, with access to open space and a connection back to nature,” he said.
“Layouts will be more flexible than ever and common areas and spaces more humanising in their materials and textures. Buildings will need to offer more than just a place to work – people will work to make a life, not just a living.
He said MSQ Commercial’s north-facing orientation and design that maximises its relationship to Melbourne Square’s one acre park would set it apart, in addition to a number of external terraces that link workspaces directly to the outdoors.
The office is planned to feature gym and yoga studios, a plant filled multi-level atrium and a park programmable by a future Garden Events Committee.
It is further targeting one of the highest wellness ratings – the coveted and tough-to-achieve International Well Building Institute’s WELL Gold standard – a feature experts say will be essential post COVID-19 and in light of our most recent bushfire season.
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Overseeing the leasing campaign is JLL and Lemon Baxter, with JLL’s Leasing Director, Richard Norman adding, “MSQ Commercial is well positioned to cater for the new requests and office requirements that come out of the current situation. It is truly flexible with an unparalleled work-life offering.”
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OSK Property launches 38,000 sqm commercial office at Melbourne Square

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Actress Olympia Valance has sold her one-bedroom Southbank apartment.
It sold for above its price guidance of between $500,000 and $550,000 through Marshall White agent Bradley Steinbach.
The <a href="https://www.realestate.com.au/property-apartment-vic-southbank-133409354" target="_blank">7/114 Dodds Street, Southbank Gardens apartment</a> was bought in 2018 for $480,000, and subsequently renovated. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/4/22/Vallance%20southbank%202.jpg" alt="">
There's now a modern kitchen with black tapware and an updated bathroom.
The open plan living kitchen and dining space opens to a courtyard.
Vallance recently bought a cottage in regional Victoria with her partner, the AFL star Tom Bellchambers.
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Actress Olympia Valance quickly sells one bedroom Southbank apartment

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Actress Olympia Valance has listed her one-bedroom Southbank apartment for sale.
It comes with price guidance between $500,000 and $550,000 through Marshall White agent Bradley Steinbach.
The <a href="https://www.realestate.com.au/property-apartment-vic-southbank-133409354" target="_blank">7/114 Dodds Street, Southbank Gardens apartment</a> was bought in 2018 for $480,000, and subsequently renovated. 
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There's now a modern kitchen with black tapware and an updated bathroom.
The open plan living kitchen and dining space opens to a courtyard.
Vallance recently bought a cottage in regional Victoria with her partner, the AFL star Tom Bellchambers.
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Olympia Valance lists one bedroom Southbank apartment

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Urban's Display Suite Walkthrough series started with a look at the <a href="/news/urbans-tour-of-the-shelley-st-display-suite">Shelley Street display suite</a> in Richmond. Today, our second tour of the series features FOCUS by Central Equity in Melbourne’s Southbank. The Urban team were able to visit the display before it was deconstructed in time for construction to commence. 

<div class="rtecenter">Check out our video tour:</div>

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<div class="rtecenter"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/qDiYoOxsxoU" width="660"></iframe></div>

FOCUS AT A GLANCE

Developer: Central Equity

Architect: Doig Architecture

Location: 75 City Road, Southbank

Number of apartments: 592

Construction slated to begin: Nov 2019

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/focus_kitchen_light_types_a_k.jpg" rel="gallery-all" title="FOCUS by Central Equity"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/focus_kitchen_light_types_a_k.jpg?itok=ScX68IO_" title="FOCUS by Central Equity" width="580"></a>

<figcaption>FOCUS by Central Equity</figcaption></figure>After 30 years in the industry, and 75 residential projects delivered, Central Equity has now embarked on the construction of their latest project, FOCUS Melbourne. 

Situated in the heart of Melbourne’s Southbank, the sought-after location is likely to be a drawcard for buyers who want to live in the epicentre of one of the world’s most liveable cities.

Just a stone's throw from Melbourne’s Arts Precinct, residents will be able to enjoy exploring the city by foot, with theatres, the National Gallery of Victoria (NGV), music venues, 5-star restaurants and Universities within walking distance.

FOCUS Melbourne boasts impressive amenities, including a 17-seat luxe movie theatre; an expansive barbecue and social dining area; as well as lifestyle facilities including a pool, gymnasium and sauna.

For added comfort and liveability, each apartment features openable windows, which facilitate natural airflow throughout the residence. This is complemented by the state-of-the-art reverse cycle air conditioning system in each home.

The design also considers the impact of city-noise on the residences by assessing the sound-proofing of all glazing, walls, and insulation. Acoustic engineers have been engaged from the beginning of the design process to ensure optimum resident comfort.

Central Equity General Manger Ian Carkeek explains that double glazing is important for environmental reasons, cost-effective thermal control and sound attenuation.

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“Our latest designs have 2.7m high ceilings and full-height windows, letting in natural light, and importantly all those windows are double glazed, which means better energy efficiency, lower energy bills and better acoustic properties – and acoustics are very important.”
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Ian Carkeek, General Manager – Product Design, Central Equity

The apartment kitchens feature composite stone benchtops, LED feature lighting, soft-close cabinetry, Miele stainless steel appliances, high-quality German tapware, externally ducted range-hoods and innovative storage solutions. Buyers will also be invited to customise their apartments with a wide range of floorplan layouts to choose from.

Special offer: For a limited time, qualifying buyers could save $20,000-$52,000 in government stamp duty.

While the display suite is no longer open for tours as construction has already commenced, you can <a href="/buildings/focus-melbourne-81-city-road-southbank">reach out to the Central Equity sales agent</a> via Urban at any time.
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Urban’s tour of the FOCUS Melbourne display suite

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A Southbank, Vic, mortgagee apartment situated near the Melbourne CBD has sold for $353,000.
It marks a $200,000 reduction on its 2013 sale price of $553,000.
John Pratt and Steven Lee of Dixon Kestles held the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-apartment-vic-southbank-131104010" target="_blank">3010/151 City Road</a>, the one bedroom one bathroom apartment was sold at auction May 25.
It was previously listed from August 2017 to April 2018 with an asking price of $420,000, however it was unable to sell.
Located near both the CBD and the Melbourne Freeway, it is just a single block from the Crown Casino and within walking distance to Southgate's various cafes and eateries.
Featuring one under cover car space, it is part of the Southbank Grand apartment complex which is host to a heated indoor pool, a gym and a bbq area. 
In August and September of 2017 the property was listed for rent at $485/pw.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
According to CoreLogic, the annual change in median price for a property in <a href="/developments/southbank-vic-3006">Southbank</a> over the past 10 years is 2%.
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